Saturday, September 12, 2009

Video: Tea Party Thugs Shout Down CNN Reporter

This is another example of the NAZI-style tactics employed by the Right. These people are incapable of behaving rationally. Since they don't have the facts on their side, all they can do is yell and name-call . They are simply mindless mobs being manipulated by sinister forces controlling our country. In particular, the 9-12 rally was organized by Freedom Works Foundation, a conservative organization led by former House Majority Leader Dick Armey, who is now a lobbyist. I found this video on Hot Air, which thinks shouting mobs are a good thing:

Ayn Rand Organization Denounced Republicans as Socialists in 2008

It was ironic to see the President of the Aynd Rand organization,Yaron Brook, at today's Tea Party rally in Washington. On December 31st 2008, this is what the organization had to say about the Republican Party:

“Republicans routinely criticize the policies of Barack Obama and other Democrats as socialist,” said Alex Epstein, an analyst at the Ayn Rand Center for Individual Rights. “But their endorsement of Barack Obama’s imminent, trillion-dollar ‘stimulus plan’ shows that they buy into socialist ideas just as much as the Democrats. Indeed, Republican leader Mitch McConnell’s explanation of his party’s approach to a ‘stimulus plan’ would make Leon Trotsky proud: ‘We should have a simple test: Will the . . . trillion-dollar spending bill really create jobs and grow the economy . . .?’

“What is socialism, if not the idea that the government should seize citizens’ wealth and control industry in the name of creating jobs and growing the economy? If the government has the political right and economic ability to conduct this ‘simple test’ with a trillion dollars of stimulus, why not just nationalize the whole economy outright, and have McConnell, Obama, and a handful of czars tell us what to do and where to spend our money?

“A party that truly understood what is wrong with socialism would recognize the injustice and impossibility of central planners expropriating and dictating citizens into prosperity. It would recognize that wealth creation and economic prosperity are the result of protecting the rights of productive individuals to plan, produce, and trade on a truly free market--absent the massive government manipulation of interest rates and home-buying that brought about the current disaster. The Republicans have not earned the right to call anyone socialist--except themselves.”

ACORN Prostitute Scandal Exposes the Left

Here's a major scandal that the liberal-left hopes will go away. It won't get the attention it deserves because there does exist a press bias. Certainly the equally scandal-riddled right will try to beat Obama over the head with this one. But the incredibly cynical behavior exhibited here once again demonstrates the arrogance of those in power, along with those who are well-connected in Washington.

Two more ACORN officials were fired Friday after a second video surfaced showing staffers in the community organizers' Washington office offering to help a man and woman posing as a pimp and prostitute acquire illegal home loans that would help them set up a brothel.

The firings came less than 24 hours after another pair of ACORN officials from the group's Baltimore office were canned for instructing the "pimp" and "prostitute" how to falsify tax forms and seek illegal benefits for 13 "very young" girls from El Salvador that pair said they wanted to import to work as child prostitutes.

Both of the encounters were videotaped on a hidden camera wielded by 25-year-old independent filmmaker James O'Keefe, posing as the pimp — tapes that have ignited calls for investigations of ACORN, the Association of Community Organizations for Reform Now.

CNN Defends Reporting Coast Guard Story

It was stupid of the Coast Guard to hold training exercises on 9-11 without taking measures to prevent the media from drawing the wrong conclusions. But ultimately, the trigger-happy press gets the blame. It is their job to double check a "story" and prevent false alarms reporting. CNN in it's rush to get the story first took the irresponsible step of reporting something as fact when it never happened. This is a major scandal. But the mainstream press doesn't expose the press. They admit some culpability but then try to blame the government, thus making them a co-equal culprit. This incident just shows that we all exist just so the press can get it's story, no matter how they go about it. The Coast Guard will learn from this mistake. The press will not.

CNN has responded to critics of its decision this morning to report that the Coast Guard had fired 10 rounds at a suspicious boat in the Potomac River.

It later became clear that CNN had based the report on a radio transmission of a training exercise, and that no shots had ever been fired.

CNN said in its statement that staffers had been monitoring law enforcement activity when it heard a Coast Guard transmission that a boat had breached a security zone on the Potomac, near the Pentagon.

The network said the staffers contacted a Coast Guard spokeswoman, who "said she was unaware of any activity taking place on the Potomac River."

"After hearing a further radio transmission about 10 rounds being expended, and after reviewing video of rapid movement by Coast Guard vessels as the President's motorcade crossed the Memorial Bridge, CNN reported the story," the network said. "Simultaneously, during a second phone call, the Coast Guard spokeswoman informed us that its National Command Center and other command posts knew nothing about any activity in the area."

CNN went on to say that not reporting the story would have been "irresponsible."

No Cops On The Beat At The SEC

Little by little the American people are learning that the government rather than regulating Wall St., in the years prior to the near collapse of the world economy, was in fact turning a blind eye to their abuses. And rather than holding the profiteers accountable, the government instead came to their rescue. Conclusion: the real culprit was not Madoff, who just used the system, but the people who's job it was to police Wall St.

I'm sure that if Barney Frank's House Committee on Financial Services had extended hearings on the role of regulators before and during the financial meltdown, there would be grave revelations that would underscore the government's fundamental failure to police Wall Street.

What's particularly astonishing about the fine work Inspector General Kotz did is that even Madoff felt he would be found out any minute, despite making it through six pathetically irresolute investigations into his crooked dealings. Where were you when we needed you, Stanley Sporkin, former enforcement director at the SEC? The report lets us know that former SEC Chairmen Christopher Cox, William Donaldson and Arthur Levitt, and top commission staffers including the former director of enforcement were "generally unaware" of the six investigations of Madoff until he was arrested in December 2008. Given Madoff's notoriety in the investment community and the charges he might have been running a massive Ponzi scheme, it's truly distressing for an investor who wants to have faith in the soundness of markets to learn that the top ranks of the SEC were never informed. Shocking!

And it looks like nothing will be changing any time soon:
One year after the collapse of Lehman Brothers, the surprise is not how much has changed in the financial industry, but how little.

Backstopped by huge federal guarantees, the biggest banks have restructured only around the edges. Employment in the industry has fallen just 8 percent since last September. Only a handful of big hedge funds have closed. Pay is already returning to precrash levels, topped by the 30,000 employees of Goldman Sachs, who are on track to earn an average of $700,000 this year. Nor are major pay cuts likely, according to a report last week from J.P. Morgan Securities. Executives at most big banks have kept their jobs. Financial stocks have soared since their winter lows.