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October 2, 2008

Steve Fossett Crash Site Found

Filed under: — @ 7:07 am

by James Buchanan

World famous adventurer Steve Fossett disappeared a little over a year ago on Sep. 3rd, 2007 after taking off in a light plane from a Nevada airport. Steve Fossett made his fortune in the financial services industry. His estate has been estimated at roughly 500 million dollars. Fossett was a close friend of billionaire adventurer, Richard Branson.

One of the most massive searches in history followed Fossett’s disappearance. Satellite pictures of Utah and Nevada were distributed to volunteers all over the world who downloaded the pictures looking for anything that might resemble a crashed airplane. Eight previously unknown crashed airplanes were found in the search. The search did not include parts of California because Fossett was reportedly looking for flat terrain for a planned attempt at a land speed record in a rocket car.

One news article reports “Searchers have renewed their hunt for the remains of missing millionaire Steve Fossett, after a hiker found the aviator’s identification papers near Mammoth Lakes in Madera County. The documents were the first pieces of physical evidence linked to the disappearance of the 63-year-old adventurer, who is believed to have died in a plane crash after taking off on a pleasure flight from a private airport south of Reno on Sept. 3, 2007. Tom Cage, owner of Kittredge Sports in Mammoth Lakes, said his store manager, Preston Morrow, found the identification cards - issued to Fossett by the Federal Aviation Administration and the Soaring Society of America - while day-hiking with his dog late Monday afternoon in the Inyo National Forest. ‘(The cards) both are authentic, and both have been confirmed that they do in fact belong to Steve Fossett,’ said Madera County sheriff’s spokeswoman Erica Stuart. ‘He apparently was very fond of this particular area and was known to fly along the 395 corridor.’ Morrow found a pilot’s license and a glider license, both issued by the FAA, plus the membership card for the National Aeronautic Association, a nonprofit group that promotes aviation and gave Fossett an award in 2002 for setting a fistful of flying records. The hiker also found 10 $100 bills, a $5 bill and a weathered Nautica brand sweatshirt, Cage said. The articles were found at an elevation of 10,100 feet, 2 miles east of the Minarets and ‘about 6 miles into some very tough terrain,’ Cage said.” (more…)


October 1, 2008

Obama Campaign Wants his Critics Locked Up

Filed under: — @ 9:15 am

by Jeff Davis

Barack Obama

The San Francisco Examiner tells us that “KMOV in St. Louis, Missouri, is reporting that Senator Barack Obama’s presidential campaign is asking Missouri law enforcement to target anyone who lies or runs a misleading television ad during the presidential campaign. The report goes on to say that prosecutors and sheriffs from across Missouri are joining something called the Barack Obama truth squad.”

Who, exactly, decides what is “false or misleading?” If you disagree with a liberal on an issue, the liberal will often accuse you of lying. Liberals don’t realize that there is an absolute truth, based on facts. Liberals don’t understand a wide variety of issues, where the truth is “unpleasant.” For example, liberals refuse to admit that Blacks have smaller brains and are less intelligent on average than Whites. Liberals also have trouble with the fact that Gays are mentally ill, frequently-diseased individuals. (The US military still considers homosexuality a mental disorder. Homosexuality was classified as a mental illness up until 1973 by the American Psychiatric Association.) It takes a brave individual to admit the truth on certain highly-charged topics and liberals are too gutless to admit a great many truths. (more…)


September 30, 2008

Stock Market Drops a Record 778 Points

Filed under: — @ 8:15 am

Subprime crisis continues to ravage economy.

by James Buchanan

A Reuters article reports “The Dow industrials plunged on Monday in their biggest decline ever after U.S. lawmakers unexpectedly rejected a $700 billion financial bailout, spooking investors who fear for the future of global markets and the U.S. economy. The Dow lost 778 points, its largest point decline in history, and posted its biggest daily percentage slide since the 1987 stock market crash. The benchmark S&P 500 also had its worst day in 21 years after the House voted down the bailout plan by a count of 228 to 205.The failure of the bill, which would have let the Treasury buy up bad mortgage debt from struggling banks in an effort to kick-start much needed lending, was seen as crucial to shielding the economy from an even deeper slowdown. That further unnerved investors who on Monday saw the credit crisis claim several new victims, including Wachovia Corp and a bevy of European banks. Fear ran deep and widespread, as investors dumped stocks for the relative safety of U.S. government bonds. The Chicago Board Options Exchange Volatility Index, Wall Street’s main barometer of investor fear, jumped 39 percent to 48.40, a nearly six-year high, and ended at 46.72 — a record high.”

There has been a tidal wave of popular opposition to the bail out. Calls to politicians were running as much as 300-to-1 against the bail out. Americans don’t want to prop up banks that were making high risk subprime loans. The government would not bail any of us out if we defaulted on our mortgage payments so why should any banks or mortgage lenders get special treatment. Added to all this is the hidden liberal agenda which helped cause the subprime crisis. Federal regulators pressured mortgage lenders to greatly increase the number of subprime loans to minorities and to throw out the lending criteria, which was blocking many Blacks and Latinos from qualifying for loans.

This was a golden opportunity for John McCain to prove to conservatives that he understood the free enterprise system and to come out strongly against the bail out on behalf of ordinary Americans. Unfortunately McCain decided to take the side of the special interests against the American taxpayer. (more…)


September 29, 2008

George Bush Helped Liberals Push Minority Subprime Loans

Filed under: — @ 9:49 am

by Charles Coughlin

Commander in Chimp

The subprime crisis, which is currently threatening to destroy much of our economy, began with a liberal desire to increase the number of minority home owners. Frankly, this effort was pretty much doomed from the start. For one thing, home ownership among White people has been declining ever since the 1960s. Home ownership among Whites was 90 percent in the ’60s when there was a lot more available real estate and a lot fewer people in the US.

From the 1970s onward, White people have fled neighborhoods which had increasing Black populations. Two-thirds of young Black men are either in jail or on parole often for violent crimes. Many White people fled to the suburbs creating ever-longer commutes to work. During this time, many working class Whites began to lose their homes. They could afford to rent in the White parts of town, but they couldn’t afford to buy a new home in the suburbs. The suburban homes increased substantially in price because they had the advantage of not having garden variety Negroes shambling around looking for things to steal and White people to attack. Rich people were PAYING for the privilege of living in a segregated community –something which previously had been possible for Whites people of all classes –until liberals demanded that segregation be outlawed. (more…)


September 28, 2008

Fox News Asks: Where’s Latrice?

Filed under: — @ 8:27 am

by Jeff Davis

A horrible example of wicked racism has surfaced in Philadelphia, as the local Fox News channel keeps asking rude questions of an “Affikin-Amurkin” female employee, like why isn’t she showing up for work?

FOX 29 in Philadelphia reports: “The opening session of Philadelphia’s city council is often filled with warm wishes and good feelings for the days ahead. But on Thursday, during the first meeting, a top aide to a city councilman accused this television station and its investigative reporter of racism. The aide works for Councilman Wilson Goode, Jr. During the past several weeks, we’ve been asking her and the councilman questions about her work habits at city hall.”

How do they know she had any work habits? One wonders what sort of special talents she may have had that inspired the Councilman to keep paying her.

Back to Fox: “On Thursday morning, Fox 29’s Jeff Cole tried again to get some answers, and that’s when the hand-made, accusatory signs came out. ‘Hey Latrice, can I talk to you real quickly? Latrice, before you run,’ Cole said to the aide. Latrice Bryant is a top legislative aide to Goode. She’s ducking questions we have about the amount of time she spends at city hall working for the councilman.” (more…)


September 27, 2008

Liberalism and Minorities Caused the Subprime Crisis, Not Greed

Filed under: — @ 8:31 am

by James Buchanan

The Democrats are desperately trying to distance themselves from the subprime crisis. They’re claiming that it was “corporate greed” (not liberalism) that caused the mortgage industry meltdown. There’s just one little problem with their claim; it’s not true. The mortgage industry has traditionally made money by sticking to a rigid set of requirements for home loans that include a substantial down payment, a good credit history and proof of employment. Relaxing those requirements and making loans to high-risk groups like poor Blacks and Latinos was NOT in their interest if they wanted to stay profitable. The truth is that our government coerced the mortgage industry into making these high-risk subprime loans to minorities, which has caused our current subprime crisis.

A New York Post article reports that “a ‘landmark’ 1992 study from the Boston Fed concluded that mortgage-lending discrimination was systemic. That study was tremendously flawed - a colleague and I later showed that the data it had used contained thousands of egregious typos, such as loans with negative interest rates. Our study found no evidence of discrimination. Yet the political agenda triumphed - with the president of the Boston Fed saying no new studies were needed, and the US comptroller of the currency seconding the motion. No sooner had the ink dried on its discrimination study than the Boston Fed, clearly speaking for the entire Fed, produced a manual for mortgage lenders stating that: ‘discrimination may be observed when a lender’s underwriting policies contain arbitrary or outdated criteria that effectively disqualify many urban or lower-income minority applicants.’ Some of these ‘outdated’ criteria included the size of the mortgage payment relative to income, credit history, savings history and income verification. Instead, the Boston Fed ruled that participation in a credit-counseling program should be taken as evidence of an applicant’s ability to manage debt. Sound crazy? You bet… On the Web, you can still find CRA loans available via ACORN with ‘100 percent financing . . . no credit scores . . . undocumented income . . . even if you don’t report it on your tax returns.’ ”

So a fabricated “study” by the Boston Fed claimed that minorities were being discriminated against for home loans. In reality, Blacks and Latinos were failing to qualify for home loans because their average income is lower, their average credit history is worse and their ability to make a down payment is worse than the average for White people. Unfortunately, liberals entrenched in powerful positions in our government chose to ignore all the evidence that ordinary Blacks and Latinos have certain inherent, persistent flaws that make them bad candidates for home loans. (more…)


September 26, 2008

WaMu Goes Under: Biggest Bank Failure in US History

Filed under: — @ 6:36 am

by James Buchanan

A New York Times article reports “Washington Mutual, the giant lender that came to symbolize the excesses of the mortgage boom, was seized by federal regulators on Thursday night, in what is by far the largest bank failure in American history. Regulators simultaneously brokered an emergency sale of virtually all of Washington Mutual, the nation’s largest savings and loan to JPMorgan Chase for $1.9 billion, averting another potentially huge taxpayer bill for the rescue of a failing institution. The move came as lawmakers reached a stalemate over the passage of a $700 billion bailout fund designed to help ailing banks, and removed one of America’s most troubled banks from the financial landscape.”

The ongoing subprime crisis was caused by watering down regulations for subprime loans so that more minorities would qualify. The federal government compelled banks to increase subprime loans to Blacks and Latinos. Any bank that refused would be punished. If a bank didn’t make enough minority loans and they needed federal permission to do anything such as open a new bank, their request was promptly denied by the Feds in retaliation. (more…)


September 25, 2008

Paying Non-White Immigrants to Leave Europe

Filed under: — @ 5:56 am

by Ian Mosley

Multi-racial scene in London

The Spaniards have come up with a way to get illegal immigrants out of their country. Of course, one would think that the easiest way to do this would be to simply enforce the law, pick the Third Worlders up by the scruff of their dark-skinned necks and throw them back where they came from, but apparently European governments are just as terrified of being called “racist” as their American counterparts, so the Spanish are trying something new. If you lack the will to enforce, then bribe them to go.

According to the Daily Mail of London “The measure was approved at a Cabinet meeting after a largely symbolic fast-track passage through Parliament. The plan, which will come into force in around a month, targets tens of thousands of non-EU citizens who have been laid off in Spain and are entitled to unemployment benefits.

Reading between the lines, it sounds like these people got jobs as illegal aliens in Spain and recently lost their jobs.

The Daily Mail article notes “Under the scheme a jobless worker would receive a payment based on how long they have been working and how much they have been contributed into the social security system. The average lump sum is expected to be between six and 18 months worth of unemployment benefit. They will receive the sum in two parts - 40 per cent while in Spain and 60 per cent when they have returned to their native country.”

Now that’s clever. I was wondering what would prevent these Third Worlders from just glomming onto the money and disappearing into their ghettos or going to another European country. (more…)


September 24, 2008

Minority Mortgages Brought Financial Market to Its Knees

Filed under: — @ 3:46 am

by Jeff Davis

Financial Dominoes

The financial commentators and analysts of Wall Street aren’t unaware of what has caused the present economic crisis. The crash started with the collapse of the subprime mortgage market, which is effectively a code word for blacks and Latinos. They’re just scared to say it out loud. Fox News recently ran a story more or less admitting this was the case, a long article that spent paragraph after paragraph dancing around the truth.

Subprime loans originally were higher interest loans for people with poor credit. Gradually government pressure was applied to increase the number of minority loans for the sake of political correctness. To make this happen, the quality controls on subprime loans were thrown out one by one. Eventually, people with bad credit histories and who couldn’t make down payments and who verbally stated what their income was (without any proof) were allowed to get home loans. For the first few years these insane procedures went unnoticed because housing prices kept going up. What made it all come crashing down, was the current housing slump. As soon as housing prices dropped millions of Black and Latino subprime lenders walked away from their mortgages. They had nothing to lose because they had made no down payment. They weren’t worried about destroying their credit rating because they already had bad credit ratings. (more…)


September 23, 2008

Will a Racist Vote Defeat Obama?

Filed under: — @ 10:35 am

by Jeff Davis

Barack Obama

A recent news article reports “Deep-seated racial misgivings could cost Barack Obama the White House if the election is close, according to an AP-Yahoo News poll that found one-third of white Democrats harbor negative views toward blacks—many calling them ‘lazy,’ ‘violent’ or responsible for their own troubles.”

Actually, those are some of the milder comments one gets from White Americans. Wallowing in an ocean of politically correct sheep dip like we do, we sometimes tend to lose sight of the fact that the overwhelming majority of Whites mostly agree with us on many topics, although they have been conditioned from birth never to say so and are terrified to appear “racist” in public.

The article notes “The poll, conducted with Stanford University, suggests that the percentage of voters who may turn away from Obama because of his race could easily be larger than the final difference between the candidates in 2004—about 2.5 percentage points. Certainly, Republican John McCain has his own obstacles: he’s an ally of an unpopular president and would be the nation’s oldest first-term president. But Obama faces this: 40 percent of all white Americans hold at least a partly negative view toward blacks, and that includes many Democrats and independents.” (more…)


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