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Honoring Obama's Birthplace is Shaky

Honoring Obama's Birthplace is Shaky


''The "certification of live birth" posted online and widely touted as "Obama's birth certificate" does not in any way prove he was born in Hawaii, since the same "short-form" document is easily obtainable for children not born in Hawaii. The true "long-form" birth certificate – which includes information such as the name of the birth hospital and attending physician – is the only document that can prove Obama was born in Hawaii, but to date he has not permitted its release for public or press scrutiny.''

Hawaii's state legislators are lining up a string of new holidays, parks and memorials to honor Barack Obama, the first American president to claim the state as his home – though commemorating his birthplace may prove difficult.
Senate President Coleen Hanabusa wants Aug. 4 to be a state holiday commemorating Obama's birthday, reports the Honolulu Advertiser; and State Rep. Della Au Belatti is pressing for Obama's inauguration day, Jan. 20, to be memorialized in Hawaii as Barack Obama II Ohana Day.
And though Hanabusa and Belatti are Obama's fellow Democrats, even Republican state Rep. Gene Ward is hoping to add to the honors list.
"We're all Americans first and then we're Republicans and then we're Democrats," Ward told the Advertiser.
Ward is proposing Hawaii establish a President Barack Obama Birthplace State Park.
Only, the president has yet to reveal exactly where his birthplace is.
Get the must-wear clothing item for 2010! "Where's the birth certificate" T-shirt!
As WND has reported, Obama's half-sister, Maya Soetoro, claimed Obama was born in Queens Medical Center in Honolulu, Hawaii, a testimony reported as fact by several news sources and the myth-busting site Snopes.com.
Kapi'olani Medical Center for Women and Children in Honolulu, Hawaii
But after WND drew attention to
a letter from the president declaring as his birthplace the Kapi'olani Medical Center for Women and Children in Honolulu instead, news sources and websites jumped to scrub the Queens location and replace it with Kapi'olani.
The Advertiser also reports Obama was born "at what at the time was known as the Kapiolani Maternity & Gynecological Hospital."
The White House, however,
has thus far refused to verify which hospital the president claims as his birthplace or whether the letter – purportedly from President Obama claiming Kapi'olani – is, in fact, real. http://www.wnd.com/index.php?fa=PAGE.view&pageId=120893
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Trust not Republicans

Trust not Republicans


''They abstain from interference, because they fear that, if it fail of good effect, their own safety or reputation may be damaged or destroyed; not because they see that their preservation and good name are needful, that they may be able to influence those who need their instruction, but rather because they weakly relish the flattery and respect of men, and fear the judgments of the people, and the pain or death of the body; that is to say, their non-intervention is the result of selfishness, and not of love.
– St. Augustine, City of God, Chapter 9''
In the chapter of his magnum opus, titled "Of the Reasons for Administering Correction to Bad and Good Together," St. Augustine explains that those who have neither sinned themselves nor opposed the evil deeds of the wicked merit the consequences that invariably arise from those evil deeds on the basis of their refusal to interfere with the rampant sin surrounding them. St. Augustine was referring to Christian morality and the sack of Rome by Alaric in 410 A.D., but the principle applies equally well to economics and the ongoing financial devastation of the United States.
Thus it is that Main Street is forced to pay for the reckless fraud of Wall Street. More than 10 percent of the labor force has been thrown out of work because the bankers finally managed to reach the outer limits of debt-demand after 62 years of the near-unmitigated expansion of debt. Total credit market debt has risen from $1.28 per dollar of national income to $3.73 during that time. Even after two quarters of debt contraction, the households,
corporations and governments of the nation are $52.6 trillion in the red. And contrary to the predictions of economists, politicians and bureaucrats, absolutely nothing has been done to solve the problem. Ben Bernanke did not prevent the Great Depression 2.0; he merely postponed the reckoning. http://www.wnd.com/index.php?fa=PAGE.view&pageId=120840
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They sell their souls, if the price is right

They sell their souls, if the price is right


''Tired yet of the congressional charade and the bogus beneficiaries of health care? I'm done –I've had enough. They've tried to pull a fast one on us for the last time. Those corrupt crime bosses we call congressmen have caused enough damage. Though the Senate vote is over, the bill isn't law. We might have lost a battle, but the war is still on!''

At almost 80 years old, Thomas Jefferson foresaw the corruption of a federal government with too much power, when he wrote to William T. Barry in 1822, just a few years before his death: "If ever this vast country is brought under a single government, it will be one of the most extensive corruption[s], indifferent and incapable of wholesome care over so wide of spread of surface." "Wholesome care" like health care?
I waited until after the New Year to write this column because Washington was hoping its Christmas corruption would evade the majority of holiday revelers or become old
news to even political junkies and pundits who are now moving onto new issues. (This White House astutely understands and utilizes news cycles and calendars far better than any preceding presidencies.)
While you were with family and friends enjoying the holiday festivities, Congress and the president passed a
$1 trillion omnibus bill with more than 5,000 earmarks (and covertly also loaded with far-left anti-family underpinnings). (Mr. Obama, what happened to your promise to eliminate all earmarks?)
The U.S. Senate also passed an
$871 billion health care reform bill on Christmas Eve through shady, sweetheart backdoor deals. While you were cutting your Christmas spending because of the recession, Congress charged you and your children's national credit card with another $2 trillion plus.
For those who missed the bloated bureaucratic holiday news, President Obama exclaimed that congressional Democrats
"scored a big victory for the American people," but, in fact, it was actually our senators who scored big time through political and personal payoffs. Even the New York Times blew a trumpet about them.
Senate Majority Leader Harry Reid passed out Christmas bonuses, what I call perpetual pork, gifts that keep on giving, unlike those familiar single hits at the public trough. He initiated a new frontier in pork-barrel politics. His corrupt and creative diversions included giving out Medicaid and Medicare credits like another round of pork projects. In 383 pages of changes to the 2,076 page
Senate bill HR. 3590, there are dozens of these types of pork rind provisions for senators.
This health-care pork round all started with
Sen. Mary Landrieu, D-La., who bragged about receiving a $300 million increase in Medicaid funding for her state (what some are calling the second Louisiana Purchase), which turned out to be only $100 million. (Isn't that a relief?)
Then there was the now infamous
Sen. Ben Nelson, D-Neb., who gained his 15 minutes of yuletide fame when he sold out his critical 60th vote to pass Obamacare by accepting a governmental bribe that covers Nebraska's Medicare expansion costs to the tune of $100 million over the next 10 years.
With Obama having told the AARP back on July 28 that he considered Medicare Advantage an example of "wasteful spending," you could bet Obamacare would reflect his commentary. And in a statement released after the Senate health-care bill passed on Dec. 24,
Sen. Bill Nelson, D-Fla., confessed his sweetheart deal made behind closed doors: "I was able to pass an amendment to the bill that excluded some 800,000 policyholders all across Florida from cuts to Medicare Advantage."
But wait there's more – much more.
http://www.wnd.com/index.php?fa=PAGE.view&pageId=120837
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The evil of Wikipedia's anti-Semitic slurs

The evil of Wikipedia's anti-Semitic slurs


Try to imagine the condemnation that would befall me and WND if this website ever referred to anyone as a "Zionist twit and Jew-loving pig."
The reaction would be instant and relentless in the media. There would likely be defamation lawsuits filed, hate-crime laws invoked, specials on MSNBC and, very likely, it would spell the end of WND.
Yet, a website much bigger than WND just characterized me with those exact defamatory and anti-Semitic words – and it's just the latest of a long pattern of libelous characterizations of me and my work over the last five years.
The website, of course, is Wikipedia – viewed by nearly 700 million people regularly, according to its own hype.
In December of 2008, Wikipedia introduced me like this:
"Joseph Francis Farah is an Evangelical Christian American journalist and noted homosexual of Lebanese and Syrian heritage."
I received no apology – private or public – for either of these patently defamatory statements presumably viewed by millions.
Previously, the volunteer "editors" at Wikipedia claimed publicly I had an affair with a prominent female syndicated columnist. Then they characterize me as a "noted homosexual." Neither one of these accusations has any basis in truth, of course. But truth and accuracy have never been the standard at Wikipedia – at least when it comes to WorldNetDaily.
Beyond the purely libelous and legally defamatory claims of Wikipedia, the entries about WorldNetDaily and me still contain voluminous untruths and are composed in extremely biased ways to cast the most negative light on the leading independent newssite and my personal work.
But that, of course, is well within Wikipedia's First Amendment rights. Nevertheless, Wikipedia has now demonstrated a long pattern of defamatory attacks on me and my work. We are very close, I believe, to being able to make a strong libel case against this phony "free encyclopedia" viewed by hundreds of millions of people.
http://www.wnd.com/index.php?fa=PAGE.view&pageId=120835
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Terrorists are winning, and we're the fools

Terrorists are winning, and we're the fools


''All this, because of our war against militant Islamist terrorists – a war Barack Obama refuses to acknowledge.''

I've had it. I'm offended and want my government to know it. I'm tired of being treated like a criminal.
You can put me on the "being offended" bandwagon. Why not? It happens all the time and seems to work.
If a person is ticked off by something, doesn't like something, disagrees with something or just doesn't like the look of something, all they have to say is they're "offended!"
I don't want to undress in airports. I don't want to walk in stocking feet on dirty floors where thousands of feet have walked. I don't want strangers patting and touching my body. I don't want my personal items pawed through. I don't want to be exposed to machines that invade my privacy and could have health consequences!
I'm tired of being treated like a criminal by my own government in my own country. I'm offended!
It's the magic word to get action from weak-kneed bureaucrats and politicians and generally anyone "in charge" of some aspect of government, institutions, businesses, schools, churches, social organizations and unfortunately, even the military.
Their knee-jerk reaction to any claim of alleged offense is institutional collapse. It's the result of pervasive political correctness, multi-culturalism, diversity and, quite frankly, blatant gutlessness by anyone with a title.
The legitimacy of the complaint doesn't matter and, generally, no one cares. Just say it and that "something" has to stop, be changed, be derided, ridiculed or just ignored.
My message to Washington is that I'm offended because every time I travel by air, you and all your transportation security people treat me like a terrorist.
I am not a terrorist, never have been, never will be.
There's no evidence linking me to any such activities, and I have no record of any such inclinations. There is no question of my loyalty to my country and our Constitution.
I do not fit any terrorist profile.
Oops. That's the problem! You and the TSA are too politically correct (read that "chicken") to profile passengers in your legitimate concern about terrorism on airliners. As a result, you treat everyone like a terrorist.
http://www.wnd.com/index.php?fa=PAGE.view&pageId=120892
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The difference between government and the mafia is?

The difference between government and the mafia is?


''... if we just gave in to the will of the all knowing and protective government we would all be taken care of and we wouldn’t be hurt by the evils of the world or even by our own actions. But then I remembered the old adage of Paul, “When I was a child, I spake as a child, I understood as a child: but when I became a man, I put away childish things.” We must take the responsibility for where we are in relation to our government on ourselves.''

Scenario: You’re working hard at building your business. You come in early each morning, check your stock, arrange the shelves, sweep the floor, and get the till ready for what you hope will be another busy day.
Things are going well when a man enters the store wearing a black suit coat and a fedora. He walks straight up to the counter not looking at any of the merchandise and he locks his eyes with yours. “Who is the owner here?” he asks. You reply that you are. He then proceeds to tell you that for the privilege of operating this business and for the protection he provides he demands that you pay him thirty percent of all the profit from your business. He further tells you that if you refuse then some very bad things just might happen and you could lose it all.
We have seen this scenario played out many times in old movies of the gangster lore. The mobster would demand protection payments even when the protection you are paying for was from that very same gang. And if you did not pay you would end up losing everything.
Now I am going to ask what some would deem a ridiculous question; what is the difference between the government and organized crime?
When I ask this question most people would reply that the government does what it does within the confines of the law! Oh, really? What is the basis of all law in the United States; the Constitution, right? How many times have we had laws deemed unconstitutional? Plenty! How many times have people had their lives ruined and sent to jail for years only to find out they were innocent. Thousands! How many times have we heard of Constitutional violations by all the various levels of government? Too many to number!
So what is the real difference between government and organized crime? In my opinion it is the ability to amass force against the victims. Organized crime may be able to get 20 or 30 guys together to run a neighborhood. The government can get hundreds of thousands.
Case in point; how many people if they were told that they have a tax burden placed on them by the government would ‘voluntarily’ pay that tax if they were also told no one will bother them if they did not pay it? Besides the exception to the rule the vast majority will not. So why do we pay taxes to the government? We do so because if we do not men with guns will show up at our door and take our belongings, take our home, and possibly put us in a cell for years and years. This is called coercion, doing something out of fear of the consequences of not doing it, even when we would not otherwise do so.
http://www.newswithviews.com/LeMieux/michael103.htm
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Whatcha gonna do when foreign cops come for you?

Whatcha gonna do when foreign cops come for you?


''The latest Obama executive order has alarmed conservatives and civil libertarians, who view it as both an erosion of national sovereignty and a threat to freedom.''

An amendment to an executive order secretly signed by President Barack Obama on December 16, 2009 gives police officers from foreign governments police powers in the United States. What is most disturbing to police chiefs and officers in the US is that the President has provided foreign officers and international agencies exemptions from laws and regulations to which US cops must comply. For example, foreign cops operating in the US will not be forced to comply with the provisions of the Freedom of Information Act. The government has already given the International Criminal Police Organization, or INTERPOL, most of privileges enjoyed by foreign diplomats in the US. "This Obama executive order is a slap in the face of US cops -- who must adhere to laws and regulations including FOIA -- but also a slap in the face of American citizens who may be abused by these non-citizen cops from countries that don't recognize our constitutional protections," warns former New York City detective and Marine intelligence officer Sidney Franes.He also pointed out that INTERPOL member countries include Venezuela, Syria, Yemen, Bolivia, Cuba, Iran and Somalia -- all countries unfriendly to the U.S. http://www.newswithviews.com/NWV-News/news181.htm
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Will humanity sink America?

Will humanity sink America?


''This situation grows more horrid and more ominous than the average American can understand. Our president, this U.S. Congress, the general public cannot grasp what we face and the mainstream media avoids it at all costs.''

What it means to every American citizen: virtual flood of humanity into the United States from all over the world.
Representative Luis Gutierrez (D, IL) introduced another “comprehensive immigration reform” in December, 2009. You could give his bill an Orwellian name such as, “Stupidity is Intelligence” or “Ignorance is Brilliant” or “No matter how stupid the American people, they are smart to flood their country with unending legal and illegal I immigration.” Gutierrez called his version of Dante’s nightmare: Comprehensive Immigration Reform for America’s Security and Prosperity Act of 2009.
U.S. Congressman Brian Bilbray (R, CA) said, “I am amazed that the Democrats are trying to push this thing through when we are in the middle of a major financial downturn with unemployment over 10 percent. How crazy can we get in one move?”
Representative Bilbray added, “Gutierrez is not representing the Constitution or the current voters of the U.S., but is only vying for cheap votes and cheap labor. The bill is custom made for people breaking the law and to reward those employers who have created the problem. This bill will become a magnet for more illegal immigration.”
Gutierrez said, “We have waited patiently for a workable solution to our immigration crisis to be taken up by this Congress and our President,” said Rep. Gutierrez. “The time for waiting is over. This bill will be presented before Congress recesses for the holidays so that there is no excuse for inaction in the New Year. It is the product of months of collaboration with civil rights advocates, labor organizations, and members of Congress. It is an answer to too many years of pain —mothers separated from their children, workers exploited and undermined security at the border— all caused at the hands of a broken immigration system. This bill says ‘enough,’ and presents a solution to our broken system that we as a nation of immigrants can be proud of.”
http://www.newswithviews.com/Wooldridge/frosty532.htm
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Super security: El Al

Super security: El Al


We have once again been subjected to a mess of bombast in the downstream media, this time on the topic of the narrowly averted terror attack of underwear bomber Umar Farouk Abdulmutallab, evidently not another Swedish Lutheran jihadist. Talking heads deftly posit, keenly elucidate, cleverly analyze and deconstruct the nuances and counter-nuances of airplane security. "When is profiling profiling? Does it work? Should it? Why doesn't it? And what does it really mean?"
As we nervously shuffle through the airport lines, waiting for the next attack, we now learn that the touted "full body
scanners" are essentially taking nudie pics. Not very artful ones, by the way, and in detail so rich I am surprised the consumer market for portable models hasn't already flourished. Naturally, you are not allowed to review the pictures of your naked body. They are to be seen only by the strange man in the corner. Perhaps you thought it was humiliating enough to take off your shoes and submit to a frisking.
To be sure, those "scanning" jobs will become very attractive to persons with certain unsavory proclivities. Maybe that is one of those subjects best left un-discussed, like the enduring problem a certain high-line national department store has in keeping foot-fetishists from taking jobs in the ladies shoe section. Facts are facts, however. And all of them, which is to say the creepy naked pictures, the whole die, die, infidel pigs! thing, and the fact the TSA might at any time once again release its entire security procedures manual to the world over the Internet, makes for very good news for the videoconferencing industry, and very bad news for us.
We would
like to keep flying, however, and will probably submit to all sorts of humiliations to the point of full body cavity searches, which is the next logical step on our "reactive" approach to security. At the same time, we must heed the words of master negotiator Herb Cohen: A tactic perceived is no tactic. "Blanket" approaches, such as raw profiling, can allow our enemies a clear playbook for defeating security measures. Recall if you will that the "shoe bomber" and "underwear bomber" were Anglo-Saxon-Jamaican and Nigerian, respectively.
So until DHS implements a "do fly" list, comprised of docile (if impatient) law-abiding patriots of all faiths, we should look to an existing, tested, supremely effective security model capable of securing our skies and cities, and giving us some degree of personal comfort.
We should emulate El Al, the national airline of Israel.
http://www.wnd.com/index.php?fa=PAGE.view&pageId=120838
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Left Turn: Profiling of Muslims is wrong

Left Turn: Profiling of Muslims is wrong


''The profiling of ordinary Muslims not only opens other avenues for al-Qaeda, but results in the harassment and potential loss of support from the very people we need on our side to contain al-Qaeda: ordinary Muslims.''

Here we go again. Another botched terrorist attack, and a much-needed excuse for some agenda-driven American ideologues to demand opening "new fronts" in the "war on terror", with "profiling" of Muslims at airports expected to be at the core of the airport security review announced yesterday by Gordon Brown. I am sorry, but that thinking is wrong, flawed, and will make matters worse.
Yemen is not a willing home to al-Qaeda – it is victim to an ideology exported from neighbouring Saudi Arabia. In our desire to blame and, eventually, bomb, let us not forget the other Yemen: one of the last bastions of traditional, serene Islam. Yemeni
Sufis have been imparting their version of normative Islam for centuries through trade and travel. Hundreds of British Muslims have been studying in Yemen's pristine Islamic institutions. They have returned to Britain connected to an ancient chain of spiritual knowledge and now lead several Muslim communities with the Sufi spirit of love for humans, dedication to worship, and service to Islam.
For me, empowering and supporting this Yemeni Islam against the rigid, literalist, supremacist
Wahhabite ideology of our Saudi allies in Riyadh is a sure recipe for eventual victory. But will we dare upset the House of Saud? It seems unlikely. President Obama literally bowed before the Saudi king in London last year.
We are now being told that al-Qaeda in the Arabian Peninsula (AQAP) runs terrorist camps and this justifies "pre-emptive strikes" on Yemen. But what is AQAP except leading Saudi terrorists – Naser al-Wahishi and Said al-Shihri – who have now set up shop in Yemen, with a ragtag army of 200 men? Who is Osama Bin Laden except a Saudi who wanted political reforms in his own country, failed, and then turned his guns on the western backers of the Saudi regime?
http://www.guardian.co.uk/commentisfree/2010/jan/01/muslim-profiling-recipe-insecurity
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Derailing the socialism express in 2012

Derailing the socialism express in 2012


''Just like an irrefutable law of physics, before you can stop a train, you must first slow it down. I predict that the socialism express will be severely slowed in 2010. And if everything goes "right," then we could see a derailment in 2012.''

In my commentary last week I described how 2010 could be better than 2009. I will now be so bold as to describe what that better 2010 would look like. I know that there's a great risk in making predictions, but I decided that my crystal ball is just as good as the next writer, and plenty of writers will be giving their predictions for 2010.
Besides, no one will be exactly right or totally wrong. So I'm in the game.
The economy will not improve in 2010. It may stabilize a bit more than in 2009, but the Obama administration has not implemented one program that will stimulate
businesses to add jobs or grow their businesses.
Thus, the unemployment rate will remain high at 9 percent or higher, and GDP growth will remain flat at best.
In fact, it is clear that the so-called $787 billion stimulus bill was just a disguised expansion of government on top of back-to-back record fiscal year deficits for 2009 and 2010, respectively. This will cause businesses to remain in a state of "stop" as they plan for 2011. They will stop hiring and stop making plans to grow.
Republicans will regain control of the House, and the Senate will be spit 50 to 50.
http://www.wnd.com/index.php?fa=PAGE.view&pageId=120844
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Retire at Wal-Mart

Retire at Wal-Mart

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'Obama is pushing nation right off a cliff'

'Obama is pushing nation right off a cliff'


''By 2012 America will have looked back at the election of 2008 and will wish Sarah Palin had been at the helm. She has more experience in leadership in her bra strap then Obama in his entire empty suit.''

I keep asking myself the same haunting question: How on earth did this community organizer ever become president of the greatest country in the world?
Am I the only one who feels this way?
Just one look at the last couple of weeks reveals the total incompetence of this president and his administration. Nobody is on the same page. Larry Summers say the economy is growing. Christina Romer says it is not. Janet Napolitano claims the TSA/Intel system worked flawlessly, then says it failed completely.
Heck of a job, Nappy!
What we need in the Oval Office is a leader, and we are getting everything but. Even his ardent supporters are turning against Mr. Obama. They are waking up to the sobering reality that they were duped.
How can we have a terrorist act on an American airliner and it be 48 hours before we hear a word from the White House – and when the word comes it is through Napolitano and Robert Gibbs? It took our president 72 hours to make a brief statement before heading off to play a round of golf. It makes you appreciate George Bush taking eight minutes before leaving the classroom on Sept. 11.
This may just be a perfect example of how "manmade disasters" are handled by this clueless administration. Terrorist acts are viewed like a robbery at your local minimart, or a simple criminal issue Eric Holder will address from his leftist Justice Department.
Now the underwear bomber is lawyered up and not providing intel on the other 24 terrorists who trained with him to execute the same act. That is how the Obama administration rolls. What this terrorist should have gotten was a one-way ticket to Gitmo and an appointment for an H2O facial on a flat board until we learned where the others live and their future plans of attack.
But no, this administration would never dream of such lifesaving measures. It is to focused on getting the world to love us. It wants to restore our "image" in the world – you know, the one of weakness Bill Clinton brought us by refusing to respond to the terrorist act on the USS Cole, and the one that cost 17 American sailors their lives.
Terrorists are terrorists. We don't need to understand them, negotiate with them or appease them. We need to eliminate them. Until our fearless leader understands that, we are all in danger. But this president won't even call them terrorists. He won't even acknowledge an act of terrorism when it occurs.
http://www.wnd.com/index.php?fa=PAGE.view&pageId=120836
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'The Israel Test'

'The Israel Test'


"The Israel Test" forces us to decide which side we are on: independent, free Israel where genius can flourish and provide humanity with an endless array of beneficial inventions, or with jihadist Hamas, Hezbollah and the mullahs of Iran for whom destruction and murder are the primary purposes of life. "The choice remains clear," states Gilder, "between the ascent of capitalism and freedom and the economics of dependency and national socialism."

In his new book, "The Israel Test" (Richard Vigilante Books), George Gilder has written a superlative defense of capitalism and how it relates to Israel becoming the world's most advanced nation in the development of the new technologies
, second only to the United States. Tiny Israel, barely the size of New Jersey, with a population of more than seven million, now has more brain power than all of Europe.
While every ethnic group has its geniuses, the Jews have much more of them than any other group. According to Charles Murray, "The proportion of Jews with IQs of 140 or higher is somewhere around six times the proportion of everyone else." Indeed, Gilder writes: "The source of anti-Semitism is Jewish superiority and excellence. ... Hostility toward Jews stems not from any alleged legal violations or untoward violence but from their exceptional virtues."
What infuriated Hitler most was the Jews' mastery of capitalism, their ability to build great department stores, newspapers, investment banks, publishing houses and many other great enterprises. Gilder bemoans the fact that Hitler's destruction of six million Jews deprived future Europe of the best brains and talents on the continent. And, ironically, it was Jewish scientific genius that helped the allies win World War II.
We shall never know what great enterprises, what great works of genius the six million would have produced for the benefit of mankind. There is no telling how much wealth their talents would have created.
Gilder is highly critical of the left's perverted and repugnant
vision of how wealth is created by excellence-inspired capitalism: "With wealth seen as stolen from the exploited poor, the poor in turn win a license to dispossess and kill their oppressors and to disrupt capitalist economies. This is the foul message of Frantz Fanon, Hamas, al-Qaida, Hezbollah, and the academic coteries of Chomsky, Zinn, and a thousand Marxist myrmidons across the campuses of the world." http://www.wnd.com/index.php?fa=PAGE.view&pageId=120839
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'Gobs of money'

'Gobs of money'


''It was always safe to buy these notes,” he said. The U.S. government was always going to stand behind them. They’re as good as Treasury notes.''

Taxpayer losses from supporting Fannie Mae and Freddie Mac will top $400 billion, according to Peter Wallison, a former general counsel at the Treasury who is now a fellow at the American Enterprise Institute.
“The situation is they are losing gobs of money, up to $400 billion in mortgages,” Wallison said in a Bloomberg Television interview. The Treasury Department recognized last week that losses will be more than $400 billion when it raised its limit on federal support for the two government-sponsored enterprises, he said.
The U.S. seized the two mortgage financiers in 2008 as the government struggled to prevent a meltdown of the financial system. The debt of Fannie Mae, Freddie Mac and the Federal Home Loan Banks grew an average of $184 billion annually from 1998 to 2008, helping fuel a bubble that drove home prices up by 107 percent between 2000 and mid-2006, according to the S&P/Case- Shiller home-price index.
The Treasury said on Dec. 24 it would provide an unlimited amount of assistance to the companies as needed for the next three years to alleviate market concern that the government lifeline for Fannie Mae and Freddie Mac, the largest source of money for U.S. home loans, could lapse or be exhausted.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a2Z5GnTAPcuo
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