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Urban Myths 7.29.10
by Investor's Business Daily
6 hours ago
Economy: Speaking to the Urban League on Thursday, the president had a great chance to tout his accomplishments. Sadly, when it came to the economy, he had to stretch the truth quite a bit just to say anything. President Obama's main topic in speaking to the big city representatives in Washington, D.C., was education. But what struck us was his blithe recitation of what he believes he has achieved on the economy. It bears deconstructing, because in the upcoming election, a whole lot of claims are going to be made that are simply untrue. Yet, they'll be repeated by the mainstream media as if gospel. To wit: Brought to you by GoToAssist.c...
The Zombie Option 7.29.10
by Investor's Business Daily
6 hours ago
Health Care: A 2,000-page government takeover of the health system was just enacted, but now congressional Democrats want even more government. The "public option" is rising from the grave. When Senate Majority Leader Harry Reid delighted the liberal Netroots Nation convention in Las Vegas on Saturday by telling them, "We're going to have a public option. It's a question of when," most people assumed he was talking long-term. But 128 House Democrats have co-sponsored a bill to establish a "robust" government-operated health insurance program. Their selling point is, surrealistically, deficit reduction. Brought to you by GoToAssist.com/t...
Mexico: Where Is Your Shame? 7.29.10
by Investor's Business Daily
6 hours ago
Immigration: Mexico's government gloated triumphantly after a federal judge's injunction blocked Arizona's immigration law. But it's no victory for Mexico. In fact, Mexico's leaders ought to be mortified. As radical immigration activists crowed with glee and the Obama administration claimed victory, Mexico's government joined the applause. Calling Judge Susan Bolton's injunction Wednesday "a step in the right direction," Mexican Foreign Minister Patricia Espinosa declared: "The government of Mexico would like to express its recognition for the determination demonstrated by the federal government of the United States and the actions of th...
HUD's New Slush Funds, Thanks To FinReg 7.29.10
by Investor's Business Daily
6 hours ago
Finance Reform: HUD is at the heart of the subprime scandal, yet it's empowered as never before by FinReg. It'll manage various slush funds underwriting more Acorn-type housing activism. Housing and Urban Development is one of two federal agencies regulating Fannie Mae and Freddie Mac, with HUD supervising the mortgage giants' congressionally chartered "affordable housing" mission. In the run-up to the subprime crisis, HUD gutted underwriting standards at Fannie and Freddie to help them meet a 50%-plus affordable lending quota. HUD also authorized the now-toxic twins to receive credits toward these affordable-lending goals by purchasing ...
The President's False START 7.29.10
by Investor's Business Daily
6 hours ago
National Security: Think Moscow will violate the New START arms limitation treaty? A just-issued report says it never obeyed the first one. The motto of the Obama administration is blindly trust, don't verify and unilaterally disarm. You can forget about peace through strength, the Reagan doctrine that won the Cold War. Our policy is now peace through wishful thinking. If Neville Chamberlain and Jimmy Carter had a child, his name would be Barack Obama. The president is pushing ahead with what is called the New START Treaty to rid the world of nuclear weapons, but not those who would use such weapons against us if they had a chance. He's ...
Judging Arizona 7.28.10
by Investor's Business Daily
29 Jul 2010 at 12:05am
mmigration: A federal judge blocked most of Arizona's immigration law on the grounds that it puts an undue burden on the federal government. That leaves Arizona defenseless to open borders and derelict feds. One could almost hear the cheers from the badlands of Durango and Sonora, home of the biggest Mexican drug and people-smuggling cartels, to read District Court Judge Susan Bolton's ruling effectively striking down Arizona's immigration law, SB 1070. Bolton blocked the main provisions of Arizona's law requiring state lawmen to ask people they come into legitimate contact with to show documentation if there's reasonable suspicion they'...
CBO's Grim Diagnosis: Enemy Is Us 7.28.10
by Investor's Business Daily
29 Jul 2010 at 12:04am
Debt: In the long debate over financial reform, proponents repeatedly argued that an overhaul was needed to "prevent the next financial crisis." Who'd have thought the real threat for another crisis was government itself? That stunning assessment comes not from a think tank or political group, but the government itself. The nonpartisan Congressional Budget Office, whose job it is to make reasonable projections about the economy and budget, now says it's not the financial sector that's putting us at serious risk ? it's government's almost insatiable desire to spend ever larger sums of money. In a new report this week, the CBO grimly summa...
An Unserious Presidency On View 7.28.10
by Investor's Business Daily
29 Jul 2010 at 12:04am
Leadership: As Americans suffer economically, President Obama golfs, vacations, campaigns, appears on a frivolous talk show ? and vacations some more. Gee, don't we have a war and other problems to attend to? Will history record that Barack Obama's only great achievement as president was getting his golf handicap down to the teens? The president played more than two dozen rounds of golf in his first year in office ? as many as George W. Bush did over his entire eight years. This week, he traveled to New York City to be swooned at on ABC's daytime gal fluff-fest "The View." It led Pennsylvania Democratic Gov. Ed Rendell to remark, "I thin...
The Job Moratorium 7.28.10
by Investor's Business Daily
29 Jul 2010 at 12:03am
Energy: A new analysis of the effects of the offshore drilling moratorium shows more to worry about than beaches and tourism. Massive job loss and economic hardship lie ahead, and we're doing it on purpose. It's been 100 days since the Deepwater Horizon disaster cast a pall over America's energy future while endangering the environment onshore and off. Whether it was due to negligence or the inherent dangers of deep-water drilling, it pales in comparison to the self-inflicted wound of increased energy regulation and taxes and the Obama administration's moratorium. President Obama has succeeded in turning a crisis into an economic disaste...
Stealth Amnesty Creeps Ahead 7.27.10
by Investor's Business Daily
28 Jul 2010 at 12:14am
Immigration: Even with time running out, Democrats haven't dropped the idea of ramming through illegal-immigrant amnesty to create more Democratic voters. Their new push shows an array of underhanded tactics to sneak that in. After passing major programs that most Americans don't want ? from a wasteful stimulus to a health care nightmare ? Democrats know it's time to pay the piper with voters. But another touchy issue ? immigration ? looms large on their to-do list. And because 70% of Latinos backed Democrats in 2008, a lot of mischief could be in the works ? including an amnesty for illegals that would serve both as political payback an...
WikiLeaks' Word War 7.27.10
by Investor's Business Daily
28 Jul 2010 at 12:13am
National Security: The 9/11 attacks were famously blamed on the Free World's failure of imagination. The WikiLeaks attack has found the West, once again, unprepared for a new kind of threat. In the wake al-Qaida's 9/11 atrocities, New York Times columnist William Safire asked, "Why, with $30 billion a year spent on intelligence, couldn't our FBI, CIA and NSA prevent this well-coordinated, two-city attack?" The 9/11 Commission's report answered that: "The most important failure was one of imagination. We do not believe leaders understood the gravity of the threat." The Commission noted that "National security used to be considered by stu...
The Lockerbie Lie 7.27.10
by Investor's Business Daily
28 Jul 2010 at 12:12am
Terrorism: The administration says it was surprised and angry at the Lockerbie bomber's "compassionate" release. Now a letter reveals that it actually lobbied for it. Was this malicious intent or mere incompetence? Last week, at a joint press conference with British Prime Minister David Cameron, President Obama was asked what he thought about a possible Senate investigation into the "Lockerbie bomber stuff" ? namely that British Petroleum, among its other sins, lobbied the British government to release convicted Lockerbie bomber Abdelbaset Ali al-Megrahi in order to win oil contracts from the Libyan government. Obama replied: "I think al...
Pelosi, Reid: Divorced From Reality 7.27.10
by Investor's Business Daily
28 Jul 2010 at 12:12am
Leadership: A major poll just gave Congress a favorability rating of 11% ? lowest in history. Never, it seems, have our representatives in Washington been so disconnected from the people they purport to serve. The disconnect was most evident in separate comments made by House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid at a conference of the far-left group Netroots Nation last weekend in Las Vegas. Both weighed in on vital topics. Both revealed why they're so out of touch with reality. Pelosi told the audience she adamantly opposes raising the retirement age for Social Security and said the Depression-era program shouldn't...
ADA Vs. Chipotle 7.27.10
by Investor's Business Daily
28 Jul 2010 at 12:11am
Overregulation: Leave it to California's 9th Circuit Court of Appeals to mark the 20th anniversary of the Americans With Disabilities Act (ADA) with another of its goofy, ripe-for-recision rulings. This one involves the counter height at a couple of Chipotle Mexican Grills in San Diego. Seems the 45-inch walls between customers and the food-preparation areas prevent people in wheelchairs from "fully participating in the selection and preparation of their order," as Judge Daniel Friedman put it. In short, Friedman wrote for the court, the wall "significantly reduced" the "ability to enjoy the Chipotle experience." We won't argue that "th...
Venezuela: Haven For Terrorists? 7.26.10
by Investor's Business Daily
26 Jul 2010 at 8:44pm
Americas: Venezuela's Hugo Chavez sputtered rage and fury Sunday after Colombia charged him with harboring terrorists. It was about par for a bully whose nation is going downhill fast. It didn't get much play in the media, but on Friday Colombia's government laid out scads of evidence ? photographs, videos, satellite GPS coordinates and computer e-mails ? to the Organization of American States showing why it's so tough to fight terrorists. Brought to you by GoToAssist.com/techpodcast by OutloudOpinion.com For more Podcasts visit www.outloudopinion.com