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People who say it cannot be done should not interrupt those who are doing it. Welcome to From On High.

Sunday, November 30, 2008

Senator Webb Comes A'slummin'

James Webb came to Southwest Virginia on Friday and proved to the people here that, without the Iraq war to complain about, he's completely lost.

For some inexplicable reason he decided show up and yabber about the Wall Street financial crisis at the town hall meeting over in Scott County, and proceeded to prove to the world that he hasn't the first clue as to what he's talking about or about how to solve the problem:
Town Hall Meeting Focuses On Economy
By Darius Radzius*, Bristol Herald Courier

Although this ended up being the best week for stocks since 1932, government fixes for a struggling economy continues [sic] to dominate conversations on and off Capitol Hill. Friday, U.S. Senator Jim Webb sat down in southwest Virginia for a town hall meeting on the financial crisis facing our country.

“It’s been dodge city [sic] out there the way people have been throwing this money around,“ said Sen. Webb. He says all of us are paying the price for the liberal lending by banks, giving people loans they can’t afford.

“The financial markets themselves were deregulated, which is why you’re seeing this economic crisis right now,“ said Sen. Webb.

While congress passes rescue bills, Senator Webb says putting those regulations back in place will fix the economy long term. He says there was no control over how deals were made and much of the money was going to the top one percent of this country. He compared their salaries today to CEOs in 1968.

“The average corporate CEO made 20 times what the average worker made. Today, the average corporate CEO makes 400 times what the average worker makes in this country,“ said Sen. Webb. He proposes that corporations seeking taxpayer money, salaries of executives should be capped, even suggesting they receive the same compensation as federal workers. [link]
Four points:

(1) Too much (boneheaded) regulation caused the financial crisis, not too little. You might want to get your arms around that Community Reinvestment Act and its consequences, Jimmy. But then you can be forgiven for not knowing what you're talking about; you're now a Democrat.

(2) So, was the cause of the problem the fact that bankers were "giving people loans they can’t afford" or "much of the money was going to the top one percent of this country"? You can't have both, dude.

(3) Cut CEO paychecks? That's your big idea? News flash, pal: You could force the heads of GM, Ford, and Chrysler to reduce their annual income to zero (when you get your way and declare yourself to be emperor) and it wouldn't reduce the price of a new car at retail by one dollar. Talk about majoring in the minors ...

(4) Stick to Iraq. It got you elected. Try this: "All's lost! Out now! Our reputation is in ruins! Lives wasted! Retreat! Retreat! Retreat!" Honestly, Jim, it's the only thing that's going to work for you. A financial expert you ain't.

Oh, and (5) Stay out of Southwest Virginia. We don't suffer fools well here.

- - -

* Don't even think about changing your name, Darius Radzius. It's just too cool.

Oh, Please

You expected otherwise?

Warner applauds Obama's security picks

Warner would applaud Obama's bowel movements, for God's sake.

This is news? Spare me.

Breaking News

What's this?

Obama isn't black?

Who's been making that point all along?

In all seriousness, you'd do well to read Marie Arana's piece in the Washington Post about how the races in this country are mixing - inexorably and unremittingly - at a steady pace. Which allows me to make the point again: We will finally get to that point of our being "beyond race" only when we are all beyond racial classification. And what a gratifying day that will be.

Until then, though, Obama will be black and his mother will be ... ignored.

The mixed-up world we live in.

- - -

Until that day comes, expect to read plenty of accounts from people who will never give up on race. Today's offering: "I'm Not Post-Racial," written, naturally, by a black woman, for the same Washington Post. People like her will take race to the grave with them.

Only when our descendents don't fit any of those boxes will we as a country be able to declare the USA to be "post-racial." Sigh.

Screaming In an Empty Room

The financial damage is done. And it is horrendous. Now the cover-up begins. The whitewash. The specious remaking of history.

The Democrats in Washington will be the instigators and the mainstream press their willing accomplices. And they'll succeed.

The boys over at Investor's Business Daily haven't come to understand how that works, it seems:
Stop Covering Up And Kill The CRA
editorial

The Community Reinvestment Act is to blame for the financial crisis, but it so powerfully serves Democrats' interests that they'll do anything to protect it — including revising history.

The CRA coerces banks into making loans based on political correctness, and little else, to people who can't afford them. Enforced like never before by the Clinton administration, the regulation destroyed credit standards across the mortgage industry, created the subprime market, and caused the housing bubble that has now burst and left us with the worst housing and banking crises since the Great Depression.

The CRA should be abolished, along with the government-sponsored enterprises that fueled the secondary market for subprimes — under pressure from Clinton, who ordered HUD to set quotas for "affirmative action" lending at Fannie Mae and Freddie Mac.

But powerful Democrats in Washington want to protect the act — along with Fannie and Freddie — and spin the subprime scandal as the result of too little regulation, not too much. [link]
It doesn't matter, fellas. And whining about those evil Democrats won't make any difference. Of course they brought on the financial disaster that has now gone global.

But they own the printing presses. They and their whores in the media will write the story.

Ever wonder how a man with few qualifications and absolutely no experience will, in a few weeks, be the leader of the free world?

They own the printing presses. (And the TV cameras). They can make of him whatever they wish.

They can - and will - rewrite history such that nothing they did affected - or brought about - the financial crisis.

The blame - in the newspapers and in our history books - will be assigned to those greedy Wall Street robber barons ... and Bush. And business will go on as usual.

Abramoff! Duke Cunningham! Tom Delay! Enron! Bonuses! Corporate jets! Meltdown! It all ties in.

Into the history books ...

W-E ... W-O-N

Why's it so difficult for liberals to come to terms with the realities that exist today in Iraq? As plans have been put in place for the American military to make its triumphal exit from this most important battlefield in the War on Terror, because there is now near-universal peace in that once-conflagrated nation, they struggle, for reasons no one can explain, to verbalize the truth about the situation as it exists today.

Take that leftist wiener that writes for the New York Times, Thomas Friedman. This, about the situation in Iraq, is about as limp as a declarative sentence can be:
There is now, for the first time, a chance — still only a chance — that a reasonably stable democratizing government, though no doubt corrupt in places, can take root in the Iraqi political space.
A chance ... only a chance ... though ... can ...

How gutless. How pathetic.

Of course, there may be a legitimate explanation. Friedman may have been asleep for the last year and he may have missed the news coming out of Baghdad. That certainly seems to be the case. Look at his next paragraph:
It is an Iraq where we have to begin drawing down our troops — because the occupation has gone on too long and because we have now committed to do so by treaty — but it is also an Iraq that has the potential to eventually tilt the Arab-Muslim world in a different direction. [my emphasis]
Is that why we're leaving?

Earth to Friedman: We are drawing down our troops because they've accomplished what they were sent to Iraq to do. Saddam is at room temperature, the country is nearly completely pacified, and the terrorists are nearly all dead. We won.

We Won!

Pick up a paper on occasion. And get out more often. There's a world unfolding out there. And you're missing it.

Oops

Remind me not to take gun safety lessons from this law enforcement officer:
Middletown Police Chief Shoots Himself In Leg
WLWT.com

Middletown, Ohio -- Middletown’s police chief was recovering Friday night after accidentally shooting himself in the leg at about 1:25 p.m.

Gregory Schwarber told officers he had been out teaching his daughter about gun safety and shooting techniques. When he returned to the home, Schwarber said he didn’t realize his pistol was loaded. While he prepared to clean his weapon, he accidentally shot himself in the leg.

The bullet hit Schwarber in the inner left thigh above his knee and came out the other side, getting lodged in the wall. [link]
You'll never guess what the sheriff's excuse for his blunder was. He thought the gun was unloaded.

Uh .... lesson learned.

Oops II

Remind me not to take gun safety lessons from a millionaire football player either:
Plaxico Burress Shoots Himself Accidentally
By John Branch, The New York Times

[New York] Giants receiver Plaxico Burress accidentally shot himself in the right thigh while at a Manhattan nightclub early Saturday, hours after he was deemed unfit to play in Sunday’s game at Washington because of a hamstring strain in the same leg.

The shooting, which was first reported by FoxSports.com, took place at the Latin Quarter nightclub on Lexington Avenue at 48th Street, blocks from the N.F.L.’s headquarters on Park Avenue.

Burress, who was with his teammate Antonio Pierce, was released from a New York City hospital Saturday afternoon and was staying at his home in Totowa, N.J. It was unclear how long the injury, which pierced skin and muscle tissue but avoided any bone or artery, would keep Burress out of the lineup. [link]
Idiot.