May 18, 2010

Irony: Obama signs Press Freedom Act, refuses to take any questions from the press

After the signing of the Freedom of Press Act on Monday, President Obama declined to take any questions from the press.

During a pooled press event in the Oval Office, President Obama was asked if he would take a couple questions.

"You're certainly free to ask the question," Obama told the reporters in the room. "I won't be answering, I'm not doing a press conference today, but we'll be seeing you in the course of the week."

President Obama was referring to the press availability he will likely hold following his meeting with Mexican President Felipe Calderon. Traditionally, these events are known as "two and two's" referring to the number of questions each country's group of reporters will be allowed to ask.

May 14, 2010

Does it really matter if you can't understand a word she says?

Anyone surfing the web recently has no doubt come across this ravishing creature looking back at you. Thanks to a commenter over at AoS, we now know who she is.

Here's a video montage. I can't understand a word she's saying, but does it really matter? Maybe Roger Ailes can help with her English and get her on Fox News.

May 12, 2010

Southern Hicks Hired to Clean Up Gulf Spill With Hay (Video)

This is no redneck joke.
Two good ol’ boys were hired to help clean up the Gulf spill around the 26 mile stretch of beach surrounding Walton County, Florida, including Sandestin. The video of their “hay technique” has over 200,000 views so far.
Check out how their hay method works to trap oil ion the water.

CW Roberts employees demonstrating the use of hay to assist in a defense against the oil spill in the Gulf. This is the method that is included in the Walton County Plan of Action.

Now, will our inept administration along with Big Sis Janet ever figure this one might work?

May 6, 2010


Fannie and Freddie were the lynch pins in causing the mortgage meltdown, a disaster that was also a Democrat invention. The housing meltdown wasn't caused by deregulation. Or by Wall Street greed. It was the result of government interference.

I have been telling people for years now how and what caused this massive problem, and almost always with a look of WTF are you talking about, Bush caused this. No he didn't.

The Community Reinvestment Act (CRA) of 1977 is passed under Carter with pressure from groups like ACORN. It prohibts the practice of redlining - giving fewer loans to poor areas.

Sometime in the early 1990s home loan data was required to collect racial statistical data, used later to make the false case that minorities were being discriminated against in the loans market.

In 1995, Bill Clinton gave the CRA teeth. By the force of government, subprime loans were authorized specifically so that lower income minorities could buy homes without meeting the usual requirements.

Late in Clinton's second term he signed the Financial Services Modernization Act of 1999 and the Commodity Futures Modernization Act of 2000 that unleashed the GSEs of Fannie Mae and Freddie Mac.

Fannie Mae and Freddie Mac began buying subprime notes giving rise to entities like Countrywide that specialized in the practice.

Fannie and Freddie became bloated with bad loans, went bankrupt leading to the mortgage meltdown of 2008. The rest, as they say, is history.

An aside to the story is that Bush tried to reform Fannie and Freddie in 2002 to prevent exactly what was to happen in 2008, but was blocked by Congress in 2003. And again blocked 17 times by congress in 2008.