"For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places." Ephesians 6:12
Thursday, September 9, 2010
Sunday, August 22, 2010
Thursday, June 10, 2010
Thursday, May 13, 2010
Holder Admits to Not Reading Arizona's Immigration Law Despite Criticizing It...Incompetent, Dishonest, Administration
"I have not had a chance to -- I've glanced at it," Holder said at a House Judiciary Committee hearing when asked had he read the state law cracking down on illegal immigrants.
Holder told reporters last month that he fears the new law is subject to abuse and that the Justice Department and the Homeland Security Department are in the midst of conducting a review.
The Arizona law requires local and state law enforcement to question people about their immigration status if there's reason to suspect they're in the country illegally, and makes it a state crime to be in the United States illegally.
The law has sparked protests across the country, including a City Council-approved boycott of Arizona businesses by Los Angeles.But proponents deny that the law encourages racial profilng, with some saying the local controversy is a symptom of a broken federal immigration system.
Holder said last month that a number of options are under consideration, including the possibility of a court challenge.
On Thursday, Holder said he plans to read the law before reaching a decision on whether he thinks it's constitutional.
When asked by Rep.Ted Poe, R-Texas, how he could have constitutional concerns about a law he has not read, Holder said: "Well, what I've said is that I've not made up my mind. I've only made the comments that I've made on the basis of things that I've been able to glean by reading newspaper accounts, obviously, television, talking to people who are on the review panel...looking at the law."
On Sunday, Holder said he does not think Arizona's law is racially motivated but voiced concern that its enforcement could lead to racial profiling.
Holder said he understands the frustration behind the Arizona law, but he warned during an appearance on ABC's "This Week" that "we could potentially get on a slippery slope where people will be picked on because of how they look as opposed to what they have done."
Thursday, May 6, 2010
"No More Bail Outs"? Right...except the ones we want!
Yesterday, Sen. Chris Dodd (D-CT) told reporters about his financial regulation bill, "We've ended the 'too big to fail' debate. So no longer do I expect any argument to be made that this bill exposes the American taxpayer." Really. Someone might want to tell Sen. Dodd that in other news yesterday, Freddie Mac announced that it lost another $6.7 billion in the first quarter of 2010 and therefore needed another $10.6 billion in cash from U.S. taxpayers. Since formally nationalizing Freddie in 2008, the federal government has already spent $50.7 billion bringing the Freddie bailout total to $61.3 billion so far. Combined with Fannie Mae's raid on the Treasury, the Congressional Budget Office estimates that the American people will spend $389 billion bailing out the two Government Sponsored Entities by 2019. So much for American taxpayers no longer being exposed to "too big to fail."
In fact, nothing in the Dodd bill does anything to reform Fannie Mae and Freddie Mac. This despite the fact that Fannie and Freddie were key components in causing the very financial crises Dodd claims his bill will forever prevent. Fannie and Freddie were both created for the specific purpose of making it easier for Americans to buy more expensive housing. Starting in 1993, political forces pushed Fannie and Freddie to loosen their once strict loan purchasing requirements. By 1996, regulations required that 40% of all Fannie and Freddie-bought loans must come from individuals with below median incomes. In 1995, Fannie and Freddie began buying subprime securities originally bought and bundled by private firms. One of these firms was Countrywide Financial who, thanks to their status as Fannie Mae's biggest customer, delivered investors a 23,000% return between 1985 and 2003. By 2004, Fannie and Freddie were purchasing $175 billion worth of subprime securities per year from Countrywide and their brethren... a 44% share of the entire market. There are other factors that helped contribute to the 2008 financial crisis, but Fannie and Freddie's use of their "too big to fail" status to create and grow the subprime security market was essential.
But Sen. Dodd, who received V.I.P. treatment from Countrywide CEO Angelo Mozilo, never saw any problem with Fannie and Freddie. On July 13, 2008, Senator Dodd said on national television, "To suggest somehow that [Fannie Mae and Freddie Mac] are in trouble is simply not accurate." Less than two months later the bailouts of Fannie and Freddie began. Keep these facts in mind when Dodd says his bill solves the "too big to fail" problem.
The problems with the Dodd bill go beyond its failure to let Fannie and Freddie wither into extinction. While Dodd has agreed to get rid of the $50 billion bailout fund, the underlying bailout authority still remains. Now taxpayers are expected to front the government money while firms are liquidated. But the irresponsible creditors who let those firms borrow money irresponsibly would still be eligible for taxpayer bailouts. According to The Washington Post, "a failing firm would be forced to pay back the government any money they received above what they would have gotten under a bankruptcy proceeding." But how does the government know what creditors would have got if the company went into bankruptcy? Why not just strengthen the existing bankruptcy system and actually allow these too big to fail firms to, ya know, fail?
But Dodd and the Obama administration would never allow that. It would defeat the whole purpose this financial regulation bill, which is to transfer as much power to the federal government as possible. Never mind that these are the same government regulators who failed to see the last crisis coming
Sunday, April 25, 2010
80% Say Religious Faith is Important To Their Daily Lives
Eight-out-of-10 Americans (80%) say that their religious faith is at least somewhat important in their daily lives, according to a new Rasmussen Reports national telephone survey. Just 18% feel their religious faith is not very or not at all important to their lives.
Fifty-seven percent (57%) of all adults describe their religious faith as very important to their daily living.
Women are more likely than men to feel their faith is very important to their lives. Sixty-six percent (66%) of African-Americans say their religious faith is very important, compared to 56% of whites. Married adults are more inclined than unmarrieds to rate their faith as very important to daily living.
While the majorities of those of all faiths say their religious beliefs are at least somewhat important to their daily lives, there are sharp differences in terms of those who describe it as very important. Eighty-two percent (82%) of Evangelical Christians say their religious faith is very important every day, a view shared by 65% of other Protestants, 46% of Catholics and 37% of those of other beliefs.
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Sixty-three percent (63%) of adults say they pray at least once a day. Nineteen percent (19%) pray occasionally, while 15% rarely or never pray at all.
Adults who attend church regularly are more inclined to pray daily.
Seventy-two percent (72%) of those who pray every day say their religious faith is very important to their daily lives.
A federal judge in Wisconsin recently struck down as unconstitutional the National Day of Prayer, declared by Congress in 1952. But 60% of Americans favor having the federal government recognize a National Day of Prayer.
Sixty-seven percent (67%) of adults who favor a National Day of Prayer say a prayer daily, compared to 17% who rarely or never pray.
But then only 21% of all Americans think that rulings by judges in recent years regarding religion in public life have correctly interpreted the U.S. Constitution. Sixty-four percent (64%) of adults believe the judges’ rulings have been more anti-religious than the Founding Fathers intended.
While the courts in recent years have pushed religion out of most schools, Americans by a nearly two-to-one margin – 61% to 31% - favor prayer in public schools. Americans also remain overwhelmingly in favor of allowing religious symbols to be displayed on public land and feel even more strongly that public schools should celebrate at least some religious holidays.
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Saturday, April 24, 2010
Friday, April 23, 2010
Thomas Jefferson
Wednesday, April 14, 2010
Obama Humor
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America needs Obama-Care like Nancy Pelosi needs a Halloween mask. - Jay Leno
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Q: Have you heard about McDonald's' new Obama Value Meal?
A: Order anything you like and the guy behind you has to pay for it. -
Conan O'Brian
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Q: What does Barack Obama call lunch with a convicted felon?
A: A fund raiser. - Jay Leno
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Q: What's the difference between Obama's cabinet and a penitentiary?
A: One is filled with tax evaders, blackmailers and threats to society. The other is for housing prisoners. -
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Q: If Nancy Pelosi and Obama were on a boat in the middle of the ocean and it started to sink, who would be saved?
A. America. - Jimmy Fallon
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Q: What's the difference between Obama and his dog, Bo?
A: Bo has papers. - Jimmy Kimmel
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Q: What was the most positive result of the "Cash for clunkers" program?
A: It took 95% of the Obama bumper stickers off the road. - David Letterman
Tuesday, April 13, 2010
Sunday, April 11, 2010
CALIFORNIA IS GOING BROKE!!!
Saturday, April 3, 2010
Social Security Another Tax and Money You May Never See Again.
Thursday, April 1, 2010
No April Fool's Joke...Don't Fall For Obama's Energy Shell Game
- The Los Angeles Times: "President Obama ... unveiled a controversial offshore drilling plan Wednesday that was driven largely by the politics of his agenda on energy and climate change -- not by hopes of changing the nation's energy supply."
- The Washington Post: "President Obama's decision ... reflects a high-stakes calculation by the White House: Splitting the difference on the most contentious energy issues could help secure a bipartisan climate deal this year."
- Politico: "Obama’s decision is closely tied politically to the fate of the climate change bill jointly sponsored by Sens. Lindsey Graham (R-SC), John Kerry (D-MA), and Joe Lieberman (I-CT)."
- The New York Times: "The proposal is also intended to ... help win political support for comprehensive energy and climate legislation."
- Bloomberg: "President Barack Obama’s pledge to expand offshore oil and natural-gas drilling may help Democrats deliver legislation that regulates carbon dioxide emissions before any fuel is produced."
Wednesday, March 31, 2010
Obama Labor Pick's Support for Gay Rights Worries Conservatives
Sunday, March 28, 2010
Friday, March 26, 2010
CBO: US Deficit To Hit 90% of GDP In 10 Years!!! Way To Go Congress.
Instead, Obama has created an 18-member fiscal reform commission that's charged with coming up with a plan to shrink the deficit to 3 percent of the economy within five years. But the Republicans to be named to the panel by congressional GOP leaders are unlikely to go along with any tax increases that might be proposed, which could ensure election-year gridlock.
Sunday, March 21, 2010
Academic Paper in China Sets Off Alarms in U.S.- Bring Down Power Grid
Ken Cedeno for The New York Times
Tension between China and the United States intensified earlier this year after Google threatened to withdraw from doing business in China, saying that it had evidence of Chinese involvement in a sophisticated Internet intrusion. A number of reports, including one last October by the U.S.-China Economic and Security Review Commission, of which Mr. Wortzel is vice chairman, have used strong language about the worsening threat of computer attacks, particularly from China.
“A large body of both circumstantial and forensic evidence strongly indicates Chinese state involvement in such activities, whether through the direct actions of state entities or through the actions of third-party groups sponsored by the state,” that report stated.
“I am not well vested in conspiracy theories,” Dr. Barabasi said in an interview, “but this is a rather mainstream topic that is done for a wide range of networks, and, even in the area of power transmission, is not limited to the U.S. system — there are similar studies for power grids all over the world.”