Tag Archive | "Obama"

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Muslim Soldier Kills 13 in Mass Shooting at Fort Hood: Political Correctness and Gun Control Cited by Critics

A Muslim solder, Nidal Hasan, shot dead 13 people at Fort Hood yesterday. Hasan had earlier exhibited extremist, anti-American propensities, including applauding terrorist attacks against U.S. soldiers. There are different theories as to how this could have happened.

One school of thought attributes the tragedy to politically-correct double standards imposed on the military that kept the alarm bells from going off.

Other commentators point to a gun-control policy that disarms soldiers while on military bases to create “gun-free zones,” leaving them defenseless in the face…

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Obama One Year Later — A Legacy of Lies and Broken Promises

It’s been a year since the president was elected, and he’s already piled up an impressive list of lies and broken promises.

The broken promises include his pledge to enact a “net spending cut,” his promise not to raise taxes on anyone making less than $250,000 a year, and his promise not to sign bills without first giving the public five days of notice.

The Congressional Budget Office says that Obama’s proposed budgets will explode the national debt through massive spending increases, increasing the already large deficits…

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Posted in Agriculture, Economy, Energy, Environment, Ethanol, Global Warming, Healthcare, Insurance, International, Legal, Natural Resources, Personal Liberty, Politics as Usual, Precaution & Risk, Sanctimony, Stimulus to Nowhere, TradeComments (0)

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ObamaCare Blueprint Called ‘The Worst Bill Ever’: It Drives Up Taxes, Insurance Premiums, State and Federal Deficits, and Legal Bills

The Wall Street Journal calls the House version of President Obama’s health care plan “the worst bill ever,” noting that it will lead to “epic new spending and taxes, pricier insurance, rationed care, dishonest accounting,” and other problems.

At the Atlantic, Megan McArdle, who voted for Obama, explains how ObamaCare will cost much more than promised — at least $150 billion more.  That’s true even if promised cuts to Medicare included in ObamaCare actually take place — but as McArdle notes, even…

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Cap-and-Trade Global Warming Bill Is A Scam, Experts Reveal

Cap-and-Trade Global Warming Bill Is A Scam, Experts Reveal

Two EPA lawyers criticized the cap-and-trade energy bill passed by the House as a scam, noting in The Washington Post that it will be manipulated to profit politically connected corporations and reward certain kinds of pollution, while not cutting greenhouse gas emissions.  A similar scheme enacted in Europe in the name of fighting global warming enriched polluters, while not reducing emissions, which actually rose faster in most of Europe than in the U.S.

The Washington Examiner explains how the bill will lead to deforestation, and thus increase greenhouse gas…

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Posted in Agriculture, Energy, Environment, Ethanol, Features, Global Warming, Natural Resources, Politics as Usual, Precaution & Risk, Sanctimony, ZeitgeistComments (0)

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Honduras Agreement Did Not Promise Return of Authoritarian Ex-President, Contrary to Earlier Press Reports

The small country of Honduras did not agree to return its authoritarian ex-president to power after all.  Press reports said it did, but The Wall Street Journal says it merely agreed to submit a request for his return to Honduras’s Congress and Supreme Court, which previously backed the ex-president’s removal, in exchange for an end to U.S. sanctions and U.S. recognition of upcoming election results.  Under continuing U.S. pressure, they may soon allow his return to office, but it hasn’t happened yet.

The…

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Under U.S. pressure, impoverished Honduras may allow authoritarian ex-president to return to power

Under U.S. pressure, Honduras’s leader has reportedly agreed to return to power its authoritarian ex-president, Manuel Zelaya, in exchange for an end to U.S. sanctions and U.S. recognition of its upcoming election results, and Zelaya’s agreement to turn over control of the military to a tribunal. It is not absolutely certain, however, that Honduras’s Supreme Court or Congress will approve the agreement, which appears to violate Honduran law.

Honduras removed ex-president Zelaya after he systematically abused his powers: he sought to circumvent constitutional…

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Obama Signs Hate-Crimes Bill Into Law; Critics Say It Circumvents Constitutional Safeguards Against Double Jeopardy

Today, President Obama signed into law a bill that will dramatically expand the federal hate crimes law, enabling prosecutors to bring federal charges against people who were previously found innocent of hate crimes in state court.  The hate-crimes provisions were added to a defense appropriations bill, which the President signed in a White House signing ceremony this afternoon at around 2:30 p.m.

The new law dramatically expands the reach of the existing federal hate-crimes law that was already on the books, by…

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False Claim About Justice Scalia from Liberal Reporter: No, He Didn’t Say He Would Have Voted to Uphold Segregation

Liberals are busy sending each other twitters falsely claiming that Justice Antonin Scalia, one of the more conservative members of the Supreme Court, said that he would have voted to uphold school segregation in Brown v. Board of Education (1954).

There’s just one problem: he never said any such thing. He said the very opposite!

A liberal reporter for Capitol Media Services, Howard Fischer, made the claim that Scalia said he would have voted to uphold segregation, in a story carried in the East…

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Obama Administration’s Pay Caps Reward Failure and Political Connections

The federal government has no problem paying exorbitant sums of money to people who head failed government agencies like Freddie Mac. Its CEO will receive compensation estimated at $5.5 million. The Federal Housing Finance Agency took direct control over Freddie Mac, a government-sponsored enterprise, after it ran up tens of billions of dollars in red ink buying risky mortgages, without adequate capital reserves. At the direction of the Obama administration, Freddie Mac is now running up $30 billion in losses to…

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“Public Option” Is a Gimmick That Won’t Improve Healthcare

In the Washington Post, Robert J. Samuelson explains in the “Public Plan Mirage” how the so-called “public option” contained in congressional health-care reform bills is just a gimmick: “It pretends to control costs and improve access to quality care when it doesn’t.” Steve Chapman wrote earlier about the “‘Public Option’ Health Care Scam.”

In other news, a study by PriceWaterhouseCoopers found that the provisions in the Senate health care “reform” bill sponsored by Sen. Max Baucus (D-Mont.) would add $1,700 a year…

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More Bad Mortgages on the Way, Thanks to Congressional Committee

Expect to see more bad mortgages as a result of a House committee’s vote Thursday to create the so-called “Consumer Financial Protection Agency.”  That agency, contrary to its deceptive name, will harm savers and consumers by forcing banks to make loans to people with bad credit, leaving banks with less money to pay interest. “The agency would be in charge of enforcing the Community Reinvestment Act, a law that prods banks to make loans in low-income communities.”

Government pressure on banks to make more risky…

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Hate Crimes Bill Passes, Eroding Civil Liberties and Double Jeopardy Safeguards

Yesterday, Congress approved a measure to dramatically expand the existing federal hate crimes law, by adding it to an unrelated defense appropriations bill.  The measure would expand current law to cover virtually all hate crimes already covered by state law (both by adding gender, sexual orientation, disability, and transgender characteristics to a law originally designed to protect racial minorities, and by getting rid of the requirement that a hate crime effect federally-protected activities to be prosecuted in federal rather than state court.)

The…

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Mortgage Meltdown Was Caused by Government Mandates

The mortgage meltdown was caused partly by the government, which created an artificial market for bad mortgages.  The Washington Examiner cites a recent study by Peter Wallison, who had prophetically warned about risky financial practices for years, finding that two-thirds of all bad mortgages were either “bought by government agencies or required to be bought by private companies under government pressure.” Now, the Federal Housing Administration is ramping up its purchases of low-quality mortgage loans, threatening taxpayers with hundreds of billions of dollars…

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Obama Accepts “Blasphemy” Exception to Free Speech

In USA Today, liberal law professor Jonathan Turley is criticizing the Obama administration for endorsing a “blasphemy” exception to free speech: “Around the world, free speech is being sacrificed on the altar of religion. Whether defined as hate speech, discrimination or simple blasphemy, governments are declaring unlimited free speech as the enemy of freedom of religion. This growing movement has reached the United Nations, where religiously conservative countries received a boost in their campaign to pass an international blasphemy law.…

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Bank of America to Impose Annual Fees on Some Credit Cardholders, Thanks to New Credit Card Law

Bank of America recently announced that it will impose annual fees on some of its cardholders.  This is in response to the CARD Act (Credit Card Accountability Responsibility and Disclosure Act of 2009), which effectively shifts costs to responsible people from irresponsible people, forcing banks to increase charges to responsible credit card holders.

The CARD Act has also wiped out many cash-back and rewards programs and rebates on credit cards, something earlier chronicled here.  Despite that fact, its passage was trumpeted by President Obama…

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Health Insurer Competition and Democratic Saber Rattling

Health Insurer Competition and Democratic Saber Rattling

Last week, after the industry association America’s Health Insurance Plans released a study showing that premiums would rise 18 percent under the Senate Finance Committee’s reform proposal, top Democrats took to the airwaves to condemn the industry for standing in the way of health care reform.  President Obama used his Saturday radio address to accuse the industry of using “deceptive and dishonest” attacks to derail reform legislation.  And Obama and congressional Democrats threatened to repeal the McCarran-Ferguson Act, which exempts insurers from most…

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Congress Moves to Reinflate the Housing Bubble That Caused the Financial Crisis

Congress Moves to Reinflate the Housing Bubble That Caused the Financial Crisis

Veteran political commentator Michael Barone reports that liberal congressional leaders are pushing policies to “inflate the housing bubble again,” even though “our financial system broke down because we had, thanks to government policies, a housing bubble.”

Congressional leaders are ignoring warnings from experts across the political spectrum, such as conservative Peter Wallison’s October 16 piece in the Wall Street Journal, titled “Barney Frank, Predatory Lender,” and liberal Charles Lane’s recent piece in the Washington Post, “Doubling Down On the Wrong Housing Policy.”  (Wallison, a banking expert, prophetically…

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Deficit Hits $1,400,000,000,000

Deficit Hits $1,400,000,000,000

President Bush’s $400 billion budget deficits were the largest in history. He deserved every bit of criticism he got for his big-spending ways.

Now comes news that the budget gap is up to $1.4 trillion. President Obama has broken Bush’s record by a trillion dollars. It took him less than a year.

A trillion.

Wow.

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Obama administration promotes junky, risky mortgages at taxpayer expense, ignoring history’s lessons

George Mason University Professor Ilya Somin explains how the Obama administration is expanding the awful policies that caused the mortgage crisis, like having taxpayers effectively underwrite risky-mortgage loans by bailing out GSEs at a cost of hundreds of billions of dollars.  Now, the administration is stepping up Federal Housing Administration subsidies for risky, junky mortgage loans that are likely to default in large numbers.

(The Obama administration doesn’t seem to have learned history’s lessons overseas, either.  White House Communications Director Anita Dunn cites as…

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New Version of Obama Health-Care Plan Relies on Imaginary Savings, Costs More Than $2 Trillion, and Will Explode Federal and State Budget Deficits

Health-care “reform” always costs more than predicted, as ObamaCare provisions have at the state level.  So the claim that the new, cheaper version of President Obama’s health care plan will cost only $829 billion, while not increasing the deficit, should be taken with a grain of salt.

Senate Majority Leader Harry Reid admitted that the actual cost will be more like $2 trillion, and health-care experts have given it a similar price tag of more than $2 trillion.

The reason for the…

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