Ronald Reagan is back and he is you

Ronald Reagan is back, and he is you

 

Friends, conservatives often complain that no one has ever risen to take the place of Ronald Reagan in our government.

But Ronald Reagan is back, and he is you! His spirit has never once left us.

His spirit was alive and well when you stood up last year and opposed the bipartisan amnesty bill that you knew the Gipper wouldn’t approve.

He was here again today in our Congress during the vote that failed to pass a bill that would have made slaves of every one of us and ended free market capitalism forever in the USA.

Fox News said legislators received 999 calls out of 1,000 opposing the bailout. Fox commentators didn’t look too happy about that and the results of today’s vote. I imagine many of them, like Neil Cavuto, are heavily invested in stocks. (Isn’t it interesting that, although almost 100% of us oppose the bailout, Fox News continues to drone on about how important it is for the taxpayer to foot the bills for the crooks in government. Looks like conservatives have broken with their task master).

I realize that the stock market does not like this, but look, I have stock too, and I know that if we show these lazy pandering politicians we won’t let them enslave us, our children will grow up in a better, safer world.

And it won’t happen again!

Donald Hank

 

Letter to Congressman Platts and Sen. Arlen Specter

 

As you know, the current financial crisis originated with the Democratic Party in 1977 when Carter’s Community Reinvestment Act passed. Then Clinton strengthened these provisions by making it mandatory for banks to lend at least $1 trillion in subprime loans. At that point, this ideologically driven effort to provide “affordable” loans began driving up housing prices drastically. But corrupt community organizing agencies like ACORN and La Raza didn’t seem to mind that their constituents now had to pay more for homes they couldn’t afford in the first place. The present administration more than doubled Clinton’s quota, and the HUD web site currently carries a paragraph on Bush’s “zero downpayment initiative.” Conservative sources are lamenting that Bush had repeatedly asked for more oversight during his 2 terms and called for tighter regulations. Yet it looks like the President, in complete agreement with his friends across the aisle, actually was OVER-regulating on the side of wealth sharing (is that the new Republican way?). It might be wise for you to keep away from this malodorous situation by voting against ANY bailout. I checked around Wrightsville and have yet to come across anyone who has an extra $10,000 to fork over to a government that mismanages our money or who believes it is government’s job to own and run businesses Soviet style.

(I followed this up with phone calls)

Thank you.

 

 

 

Letter to the National Association of Realtors

 

NAR email address (attn. Mary Trupo): mtrupo@realtors.org

 

Hello Mary,

I saw this at the NAR web site:

“The National Association of Realtors® supports the ongoing bipartisan efforts to address the current crisis in the financial and secondary markets. While we await further details and will continue to be active in helping to shape the legislation, NAR believes these efforts are imperative to restore market liquidity.”

Unfortunately, I infer from this that your organization is in favor of the current bipartisan efforts to make tax payers responsible for what you know the government caused in the most callous and cynical possible manner.

I say that because I saw an entry at the NAR web site some years back that asked the government for more fiscal responsibility in the management of subprime loans and in regulations requiring banks to issue them.

That tells me that you saw this financial crash coming.

Now that it is here, your response seems chillingly impersonal, almost surreal.

Where is the anger? You saw it coming. Now you are coolly requesting a bipartisan effort to bail out the mortgage banks as if the blame lay with irresponsible borrowers, when it was government-backed lenders and the very politicians you now ask to control the financial market who caused this debacle. There was genuine concern reflected in your letter to the administration, asking for a relaxation of the risky experimental government requirements under the Carter administration’s Community Reinvestment Act (CRA) and the Clinton and Bush administrations’ insistence on forcing banks to issue ever higher-risk loans. It was like a destructive test of a boiler.

You knew that the lending institutions eventually would fail under these policies and you took the initiative to ask them to stop. But now that the disaster is here, you are expecting them to pass the loss on to those of us who pay our bills on time. I understand your fear, but I don’t understand why we the taxpayers, most of whom pay our bills on time, can be held responsible.

I am asking your organization for a stronger condemnation of the failed bipartisan policies that foisted dangerous subprime lending practices on banks and Fanny Mae and Freddy Mac. Tell the media that you, as business people, knew this policy was doomed to failure, had warned the government about this, that the blame goes to both parties, and that you are leery about leaving the fox in charge of the hen house, particularly since the proposed plan threatens the free market like nothing ever has before in American history.

If you are silent now and fail to condemn these failed lending policies and put the blame where it belongs, on both sides of the aisle, then there is no way to avoid a repeat of this bitter experience for you, your clients and every American taxpayer.

Please issue a press release condemning the reckless policies that you watched destroy your industry! And please do not pass this one off on the taxpayer. It will surely come back to haunt you.

Best Regards,

Don Hank,

Editor in Chief

http://laiglesforum.com

Plenty of shame to go around

The Right grovels, the Left takes the spoils

 

We had previously shown how the Bush administration had so willingly run along with the Left’s agenda to provide affordable housing to minorities, demanding that 50% and more of Fanny Mae mortgages go to minorities, and even trying to foist a “no-downpayment” scheme on the public.

Today we look at how the other side of the aisle, including Barack Obama, shamefully benefitted from Fanny and Freddy’s donations.

It is clear from all reports that, while Bush and RINOs groveled to ingratiate themselves with the kingpins of Big Mortgage, these kingpins were pushing for more power to the Left.

The easiest explanation why the Republicans want to run along with this shameful process is that there seems no longer to be any meaningful difference in ideology between the two parties.

We now have a one-party system, and it is up to American ingenuity to destroy this evil empire before it destroys us.

Your fury is ignited and is growing. It may be sufficient to turn enough Americans against the elites who brought on this financial crash to elect a third party candidate.

Not much is known about our most viable alternative, Chuck Baldwin, but he does have some surprisingly powerful endorsements, such as Jerome Corsi.

They say he has no government experience.

Neither did George Washington.

Are you angry enough to ditch the Republicans who helped mightily to bring down the American economy and are now poised to socialize the American financial market?

Do you dare to dream?

Another alternative is to vote for McCain and then be prepared to fight him tooth and nail on issues like finance and illegal immigration for the next 4 years. We have not found the new Reagain, but have you ever considered that you, the American people, can be the Reagan you long for? Think about it.

At any rate, you can start by opposing the bailout like you opposed the amnesty bill. If you give it your best shot, that miscreant legislation will fail.

http://conservativehq.com/active-petitions/petition-to-stop-the-bailout/

Donald Hank

 

 

From the Heritage Foundation:

 

Morning Bell: A Vicious Cycle of Their Own Making

 

“But Fannie and Freddie pushed back hard, turning to friends on the left for protection. Former Walter Mondale and Barack Obama campaign adviser James Johnson led a fierce lobbying campaign to fight reform of Freddie and Fannie. Clinton administration OMB director Franklin Raines told investors when he was Fannie Mae CEO in 1999: “We manage our political risk with the same intensity that we manage our credit and interest rate risks.” Fannie and Freddie’s lobbying power over the left continues to be strong to this day. According to the Center for Responsive Politics, the top three recipients of campaign donations from Freddie and Fannie’s PACs and employees are all Democrats. From 1989 through today, Sen. Chris Dodd received $165,400, Barack Obama $126,349, and John Kerry $111,000. The Washington Post concludes: ‘Blessed with the advantages of a government agency and a private company at the same time, Fannie Mae and Freddie Mac used their windfall profits to co-opt the politicians who were supposed to control them.'”

 

http://www.opensecrets.org/news/2008/09/update-fannie-mae-and-freddie.html

Update: Fannie Mae and Freddie Mac Invest in Lawmakers

Published by Lindsay Renick Mayer on September 11, 2008 11:26 AM | Permalink | Comments (22)

When the federal government announced two months ago that it would prop up mortgage buyers Fannie Mae and Freddie Mac, CRP looked at how much money members of Congress had collected since 1989 from the companies. On Sunday the government completely took over the two government-sponsored enterprises, and we’ve returned to our data to bring you the updates, this time providing a list of all 354 lawmakers who have gotten money from Fannie Mae and Freddie Mac (in July we posted the top 25). These totals are based on data released electronically from the FEC on Sept. 2 and include contributions to lawmakers’ leadership PACs and candidate committees from the floundering companies’ PACs and employees. Current members of Congress have received a total of $4.8 million from Fannie Mae and Freddie Mac, with Democrats collecting 57 percent of that. This week we also wrote about how much money lawmakers had invested of their own money in the companies last year–a total of up to $1.7 million.

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