Barack Obama owns the defeat of the Wall Street bail-out bill today, more so than Speaker Pelosi, President Bush or anyone else.

Obama has held himself out for over a year as The One we have been waiting for to change old politics and unify us. When the crisis broke out over ten days ago, he scoffed at McCain’s flight to D.C. to return to his Day job amidst the crisis.

The previously thought omnipresent one advised that if he was needed, he could be reached by telephone. How very 19th Century of him.

The Treasury Secretary of the United States called The One.

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Defeat the Senate Bill in the House

[update, October 3, 2008 - McCain and House Republicans emerged as conservative heroes when they improved the Paulson Wall Street Bailout, and, despite the pork the Senate included, it improved a bit more with the AMT change. But I still opposes the bill because I don't think we need to commit so much taxpayer money to increasing the national debt; suspect that we are in for a year or two of a hard time no matter what we do; and suspect the bill will only loosen credit and relieve the crisis for a very short time.

And this morning we see an example of why and how:

California Gov. Arnold Schwarzenegger, alarmed by the ongoing national financial crisis, warned Treasury Secretary Henry M. Paulson on Thursday that the state might need an emergency loan of as much as $7 billion from the federal government within weeks.

The warning comes as California is close to running out of cash to fund day-to-day government operations and is unable to access routine short-term loans that it typically relies on to remain solvent.

The above is why this bail-oou bill is PREMATURE action. Its why one can't put fires out before they start. Wouldn't want to run out of water keeping all building wet...[end update]

First they purged the socialist bail-out bill of many of its worst provisions. Then they saw over 100 Democrats cross the aisle and deliver a defeat to the feckless, impotent, identifier of unpatriotic Republicans (as 100 Dems follow them?) Speaker of the OutHouse of Representatives and Obama’s new politics of bring people together under Che’ Quevera and Karl Marx.

All week I praised McCain and the House Republicans’ efforts as damage control to prevent the assured hard time we have been in for a year and which will take more time to soften, from ballooning into the Hard Times define abandonment of the natural profits and losses, and lessons learned from same.

The vote shows that America is Palin’s center-right McCain conservative principled nation.

Ten days ago when the American people were first informed that the world as we know it would end if we didn’t anoint Treasury Secretary Henry Paulson Master of the new American socialism Universe with a $700 Billion discretionary budget, I immediately determined that I would prefer a new world arise from the ashes of the old one if taxpayers were forced to:

a) Subsidize massive foreclosure rescues for gambling mortgagors as initially insisted upon by Speaker Pelosi and Barack Obama and/or

b) Subsidize left wing extremist groups, like democratic voter fraud indicted supporter of Obama, ACORN, fronting as public interest groups for “the oppressed”.

Before John McCain left the presidential campaign trail to engage the Paulson-Pelosi socialism juggernaut, it appeared likely that one or both of the above abominations would be included in the bill. The House Republicans were lonely voices of reason against the apparent consensus of all three other groups with a say: The House Democrat majority and Honorable Friends aka The Senate Democrat majority and the Senate Republican minority.

Many conservatives feared that McCain’s role would be to “maverick” the House Republicans into line so that the Democrats would have political cover should the bill bring on soup lines for millions for a decade (not that the Democrats wouldn’t mind a public that needed them for soup into perpetuity so long as the blame for same be assigned to 21st Century Hoover elephants that forgot).

Thank God we were wrong.

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“…I urge you to beware the temptation of pride – the temptation of blithely declaring yourselves above it all and label both sides equally at fault, to ignore the facts of history…” – President Ronald Reagan

[Monday, September 29, 2008 Update]

I am proud that the House GOP refused to ratify socialism today and that 100+ democrats jack-slapped the Speaker and the one.

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By Mike DeVine, Legal Editor for The Minority and HinzSight Reports

We are going to have a hard time no matter what plan wins this weekend. The issue re times, is will the plan ensure long hard times (see many years).

[Monday, September 29, 2008 UPDATE - Bailout bill less likely to usher in long, deep recession thanks to McCain and House republicans. See my post-bailout bill posting Column:

Republicans purge Paulson-Pelosi bailout of most onerous Obamanations

EXCERPT:

Thanks to the House GOP and McCain, we learn, the following:

Democrats backed down from a controversial proposal to let bankruptcy judges alter the terms of mortgages, and from another that would have steered any ultimate government profits from the package to affordable-housing programs.
Not one thin dime for a bridge to ACORN for any squirrelly leftist, and as to help for homeowners:

Treasury will buy mortgage-backed securities, mortgages and other assets secured by residential real estate. The legislation requires Treasury to use its position as the investor in those loans and securities to "encourage the servicers of the underlying mortgages" to help minimize foreclosures.

All investors should, of course, “minimize” foreclosures. This language simply states the obvious in prudence. The Obama Democrats wanted the government to have non-gambling insured mortgagors to pay for gamblers’ homes and in essence buy them loyal democrat voters for life, and forever socialize the housing market.

[Rush Limbaugh is reporting today - FRIDAY UPDATE - This is now occuring in the context of Democrat politicization of the process as Reid blames the arrival of McCain to DC as causing a bi-partisan deal to blow up. That is a lie. All but a few Republicans were on board for anything like the Paulson Plan, and the intent of the Dems is to force the GOP to alientae its conservative base. There is hope that this action is backfiring and bringing McCain closer to the base. Moreover, the Dems let Obama speak first in Thursday's White House meeting and the first words out of his mouth attacked a Republican Study Committee originated plan that he was ignorant of until a short time before the meeting when he got an e-mail from Treasury Dept. employees.]

[September 26, 2008 UPDATE - It appears to Gamecock that suspension of the mark-to-market rules would accomplish the main goal of the bailout (removing bad loans from the books), by raising the value of capital on the books of financial institutions, thue freeing up capital for new loans.

I also favor two-year moratorium on cap gains taxes and corp taxes and repeal of Sarbanes-Oxley and would reject any plan that requires taxpayers to bail out mortgagors holding mortgages they can't afford based on their income (people that gambled their homes would appreciate hoping to then re-fi down to an affordable mtg payment) as this would do semi-permanent damage to the free market and be a giant step towards wealth destroying socialism we see in Europe.

But it seems to me that the accounting change ought to provide the confidence the markey needs to unclog its new loan producing arteries.]

Many Americans are now in the midst of a year-long hard time born of skyrocketing energy prices and/or the housing/credit crunch. It has been nearly impossible to get small business loans for many months and home loans for all but the top ten percent of credit risks for many more months.

This column has long chronicled the Democratic Party’s explicit policy of energy self suicide since 1978 in restricting access to expanded oil drilling and their regulations (especially including the Endangered Species Act and environmental lawsuits) making the building of oil refineries and nuclear power plants nearly impossible.

Below, I discuss the artery-hardening diet the Democrats have force-fed the credit markets since 1998 that is the cause of the present crisis. But before we look at what got us to this precipice, let us look at where we are.

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Gamecock is proud to present these brillant young conservative republicans that assure us that the movement is in good hands for the future. We have made comments below, but we think that our hero McCain would do well to heed the advice given here and so present this excellent column in toto first:

McCain’s Five-Step Path to Victory

September 22, 2008

By Ryan Mauro and Nicholas Guariglia

With the post-convention bounces fading, the race has tightened and Obama appears to have settled with a slight lead in national polls and in the electoral college. Obama has the potential to substantially increase his projected margin of victory through massive turnout of African-Americans and younger voters. McCain’s pick of Sarah Palin as his running mate has provided his supporters with optimism, and his argument that he’s the “real agent of change” is resonating. However, McCain must further refine his message in order to win the election. There are five steps McCain must immediately take:

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This is vile unless my eyes deceived me.

Fox News Channel rightly condemns the criminal hacker for violating Palin’s privacy while “reporting” it with pictures millions can download, thus multiplying the criminal’s objective exponentially. The voice over was speaking of pictures of Palin’s emails and address book while shoeing pictures of e-mail addresses.

I stopped watching CNN aka The Terrorist Propaganda films of Americans being being shot in Iraq “news” network years ago due to same (I do watch interviews and talk shows on CNN), but suspect they and the other Dem party agents on CBS, NBC and ABC have also shown the pictures of Palin’s private info for longer periods that would allow viewers to tape same).

But isn’t Fox supposed to be different? The fair balance?

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See [update] below

By Mike DeVine, Legal Editor for The Minority Report and The HinzSight Report

As I get up off my knees from thanking Nature’s God for our first and latest Treasury Secretaries, I see the current state of economic affairs in dimes not spared, gardens not grown and three non-filing stations near my Carolina home.

I ran out of gas today when none of the three closest stations to my home were selling any. But I didn’t run out of food despite the fact I don’t grow it and no brother asked me if I could spare a dime.

1929 it ain’t, and, despite our problems, it won’t be, unless We the People commit historical mass suicide and turn the Indispensable Nation’s affairs over to Nancy, Harry and Barack’s 21st Century version of Herbert Hoover.

The United States has the worst economic system in history, except for all the others by far, thanks to the wisdom the Founders, and especially, current Treasury Secretary Henry Paulson’s most distant predecessor. Alexander Hamilton put meat (economic institutions) on the bones of private property based Liberty that produced an economic miracle that made Americans the most prosperous citizens in history since the early 1800s with enough dough left over to fund a defense against evil megalomaniacs for going on 200+ years.

Our prosperity suffered and as we endured panics in the post-agrarian industrial age culminating in the Great Depression, but, with government’s help following a Dust Bowl on the plains and a market crash that dusted up garden-property challenged denizens of big city tenements, Liberty was again unleashed to defeat fear itself, with Nazis and Japanese fascists thrown in for good measure.

Since then, the greatest threat to our prosperity has been oil embargoes of the foreign OPEC and domestic Democratic Party varieties. The latest wears the faces of The Speaker of the House Nancy Pelosi who would permanently lock away the bulk of our domestic reserves within 50 miles offshore so that fish can choke on it as it seeps towards Myrtle Beach and The Speaker from the TelePrompTer Barack Obama who welcomes high gasoline prices so long as we endure the rising of them like lobsters in a lukewarm pot.

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By Mike DeVine
(with voluminous excerpts from StephC of Hillbilly politics)

In the aftermath of the failures of hope, change, messiah impersonations and lipstick on pigs, the Obama campaign has decided to re-cast The One as The Gipper by asking America this question :

“Are you better off now than you were four or eight years ago?”

Before venturing into StephC’s (aka hillbilly) cornucopia of wisdom (in blockquotes below) that re-frames the better question of When did we stop being better off?, let’s look at the domestic and foreign political landscape of 1980 when Ronaldus Magnus first posed his four-year question to the incumbent president.

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Today, in this country’s supposed “newspaper of record”, and in the premium above the fold, upper left-hand corner, spot, no less, The New York Times saw fit to print the “news” that Alaska’s Governor has hired people she has known and trusted for many years to fill jobs in state government.

Shocking isn’t it?

There is more: Some of these friends of Sarah (F.O.S.) made less money in the private sector than in their new government jobs!

Unbelievable!

Read further if you are of a strong constitution and own a good supply of Mylanta:

Gov. Sarah Palin lives by the maxim that all politics is local, not to mention personal.

So when there was a vacancy at the top of the State Division of Agriculture, she appointed a high school classmate, Franci Havemeister, to the $95,000-a-year directorship. A former real estate agent, Ms. Havemeister cited her childhood love of cows as a qualification for running the roughly $2 million agency.

Ms. Havemeister was one of at least five schoolmates Ms. Palin hired, often at salaries far exceeding their private sector wages.

When Ms. Palin had to cut her first state budget, she avoided the legion of frustrated legislators and mayors. Instead, she huddled with her budget director and her husband, Todd, an oil field worker who is not a state employee, and vetoed millions of dollars of legislative projects.

Where to begin with this latest: pedestrian, cliché-filled mainstream media example of “Casablanca” (Shocked at gambling in the casino) style, feigned outrage at the ordinary, (what passes for) journalism.

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By Mike DeVine, Legal Editor for The Minority Report and The HinzSight Report

If a President won’t defend America, it won’t be defended. I think this adage is driven home at a most opportune time before we choose Commanders in Chief.

Does anyone doubt that President Bush benefited from the third anniversary remembrance of the September 11, 2001 terrorist attacks against John “international test” Kerry? And does anyone doubt the significance of the Saddleback contrast between John “defeat evil” McCain and Barack “evil on the streets of America” Obama with the images of Planes crashing into the WTC towers above those streets?

I think not.

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Originally published at following link By Mike DeVine, Legal Editor for The Minority and HinzSight Reports

I don’t presume to know if Barack Obama was referring to Sarah Palin with his “lipstick on a pig” remark. But only a fool would deny that the wildly cheering crowd of Democrats to whom he was speaking didn’t presume that he was so referring to Sarah’s “pit bull” joke in her speech to the RNC last week.

This is especially so given the behavior of past Democrat gatherings:

1) The wildly cheering congregation of Democrats at the Wellstone Memorial Service that was turned into a raucous political rally in which Republican Senators attending to pay respects to their fallen colleague were booed by the crowd.

“If one ceases to believe in God, one doesn’t believe in nothing. One believes in anything.” – Chesterton

They will make politics their religion in which anything goes for the cause. See Marx.

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[Since his conservative epiphany in 2000, Gamecock has regularly referred to Charles Krauthammer as "The Master", so instrumental was he in said epiphany.]

Originally published in The Minority and HinzSight Reports

Is Gamecock the only member of the chattering class in America that understands the history of U.S. presidential elections since 1968? I give a pass to the under 30 crowd that obsesses over polls. I give no pass to the Beltway crowd, including “The Master.”

Before I dare school said master, some facts as the rooster sees them.

You people, this is fundamental: The American people do not elect known liberals to the office of President of the United States. Period. Democrats have lost every such election but three since 1964. Those three ran as moderates. All the others ran as liberals of varying degrees. Most of the losers led MSM push polls at various times until a week or so before the elections, at which time the media gave up the ghost to try and salvage some credibility. Obama is doing worse than most all the previous Democrat losers thanks to the alternative media that grabbed the attention of usually inattentive average voters with images and rhetoric from Obama’s hate whitey America pastor of 20 years.

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Originally published at The Minority/HinzSight Reports

Well, he was The One before McCain went and got One that will raise the obvious questions, i.e. former mayor that can feild dress a a Moose.

I watched Bill get red-faced over Jesse Jackson for over two years with challenges to the Reverend Obama Castrator wanna be, and then saw Bill Pussycat when Jackson showed up on the set. Jesse was treated like an esteemed moral arbiter. No tax, love child, etc. questions. Same with Hillary.

Obama has seen this dichotomy as well, and knows its safe to go on O’Reilly, who is no different than Wolf Blitzer, Chris Wallace, Tom Brokaw et al, as he also wants FOLLOW-UP interviews, which apparently means he dare not ask the following simple basic questions:

1 – Have you tried a case Lawyer Obama? If so, please name your client(s).

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