Category Archives: Scribbles

Credit “crisis” Christmas tree

Posted on October 1, 2008 | Comments Off on Credit “crisis” Christmas tree

Among others, the new, umpty billion save-us-all-from-the-Depression bill also includes the following:

  • Temporary Increase In Coal Excise Tax: Funding of Black Lung Disability Trust Fund
  • Tax Credit for Carbon Dioxide Sequestration
  • New Qualified Plug-in Electric Drive Motor Vehicles
  • Exclusion From Heavy Truck Tax for Idling Reduction Units and Advanced Insulation
  • Transportation Fringe Benefit to Bicycle Commuters
  • Extension of the Economic Development Credit for American Samoa
  • Extension of Mine Rescue Team Training Credit
  • Seven Year Cost Recovery Period For Motorsports Racing Track Facility
  • Tax Incentives for Investment in the District of Columbia
  • Permanent Authority for Undercover Operations

Proving that whatever happens to the country, in Congress, any day is a pork day. Oink.

Via Dealbreaker.

MORE:  Don’t forget the excise tax exemption for wooden arrows. Nothing about buggy whips, tho.

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Ding dong, Andrew

Posted on October 1, 2008 | Comments Off on Ding dong, Andrew

A Sarah presser with the disapproving Big Media? Only when Barry does one with Stanley Kurtz, David Freddoso, Hugh Hewitt, etc.

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Gibson, Couric? No sweat.

Posted on September 30, 2008 | Comments Off on Gibson, Couric? No sweat.

Sarah tells Hugh Hewitt that she can brush off the gotcha games:

"Oh, I think they’re just not used to someone coming in from the outside saying you know what? It’s time that normal Joe six-pack American is finally represented in the position of vice presidency, and I think that that’s kind of taken some people off guard, and they’re out of sorts, and they’re ticked off about it…"

Read it all.

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Let them go bankrupt

Posted on September 30, 2008 | Comments Off on Let them go bankrupt

Terminate Freddie and Fannie, repeal the Community Reinvestment Act that started it all (in 1977), eliminate Affirmative Action mortgages, and let the bad-debt holders go under. The Libertarian view on the credit crisis. It isn’t likely to happen–too many crooks and grubbers already have their hands in the federal till–but it’s a refreshing notion.

Via Drudge Report.

MORE:  While the pols bloviate, there’s still mortgage credit out there at reasonable rates if you put money down–you know, the old-school, pre-PC way.

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Barney’s shame

Posted on September 30, 2008 | Comments Off on Barney’s shame

House Speaker Nancy Pelosi I have always had a hard time liking. But Barney Frank, once upon a time, was different. Maybe it’s the amusing way he talks, like he’s chewing his cud at the same time. Or his basic dishevelment, strange for a gay man, a breed that’s usually groomed.

But I can’t watch him do pressers about the awful GOP who won’t support the bailout. This whole thing has well been called "Barney’s Rubble." No one fought harder to keep the steam up when the Bush administration tried to halt the coming train wreck. No one got more "donations" from Fannie and Freddie, or bears more responsibility for what happened, not even Barney’s and Nancy’s best buddy Barry. In a way, the whole bailout is for what’s left of Barney’s piddling reputation.

Via Southern Appeal.

MORE: Wonder why Pelosi won’t allow an investigation (she calls it a "witch hunt") into who caused this mess? Come on, now. That’s a big enough tipoff, right there.

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Barry’s ACORN

Posted on September 29, 2008 | Comments Off on Barry’s ACORN

What the Big Media, and especially Barry’s head cheerleader, the NYTimes, isn’t reporting:

"ACORN also got funding from two charities, the Woods Fund and the Joyce Foundation, when Obama served on their boards, and from the Chicago Annenberg Challenge – the radical "education reform" outfit Obama ran from ’95 to ’99.

"Ironically, the group stood to be a key beneficiary of the goodies Democrats were loading into Treasury Secretary Hank Paulson’s rescue plan – including one demand that 20 percent of any profits the feds make from reselling mortgage securities go to fund groups like ACORN."

Even after GOP reps got ACORN out of the bailout bill, it still was defeated today–with Barry blaming, who else, the GOP.

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From McFudd to McThud

Posted on September 29, 2008 | Comments Off on From McFudd to McThud

One thing I really didn’t like about the first "debate" was the way Mac avoided talking about the causes of the financial crisis, the history that he knows so well, and where the blame truly lies.

He had the perfect opportunity and he threw it away. Instead he just talked up the need for a bailout. Now some think Sarah should carry the ball. That’s not realistic. This is Mac’s game and a real chance to win, considering that only twenty-four percent support the bailout–or to lose it all.

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