San Juan County Republican Party

Here is an interesting slant on the “spread the wealth” socialist Obama program.

Obama Trick or Treat

Thanks to Paul Shanklin for this morsel!

Here’s a quick look at 3 former Fannie Mae executives who have brought down Wall Street.

Franklin Raines was a Chairman and Chief Executive Officer at Fannie Mae.  Raines was forced to retire from his position with Fannie Mae when auditors discovered severe irregulaties in Fannie Mae’s accounting activities.  At the time of his departure The Wall Street Journal noted, “Raines, who long defended the company’s accounting, issued a statement late Tuesday conceding that ‘mistakes were made’!!!  News reports indicate the company’s books ran afoul of generally accepted accounting principles for four years.”  Fannie Mae had to reduce its surplus by $9 billion.

Raines left with a golden parachute valued at $240 million.

The Government filed suit against Raines when the depth of the accounting scandal became clear. http://housingdoom.com/2006/12/18/fannie-charges/.

The Government noted, “The 101 charges [Did you catch that?  101 charges?] reveal how individuals improperly manipulated earnings to maximize their bonuses, while knowingly neglecting accounting systems and misapplying accounting principles, misleading the regulator and the public……they submitted six years of misleading and inaccurate accounting statements and capital reports.”  These charges were made in 2006.  The Court ordered Raines to return $50 million he received in bonuses based on the misstated Fannie Mae profits. Continue Reading »

By Orson Scott Card | See at Meridian Magazine

Editor’s note: Orson Scott Card is a Democrat and a newspaper columnist, and in this opinion piece he takes on both while lamenting the current state of journalism.

An open letter to the local daily paper — almost every local daily paper in America:

I remember reading All the President’s Men and thinking: That’s journalism. You do what it takes to get the truth and you lay it before the public, because the public has a right to know.

This housing crisis didn’t come out of nowhere. It was not a vague emanation of the evil Bush administration.

It was a direct result of the political decision, back in the late 1990s, to loosen the rules of lending so that home loans would be more accessible to poor people. Fannie Mae and Freddie Mac were authorized to approve risky loans.

What is a risky loan? It’s a loan that the recipient is likely not to be able to repay. Continue Reading »

The Spectator | Melanie Phillips | SUNDAY, 26TH OCTOBER 2008

What’s happening in this terrifying, Orwellian US presidential race is the flip side of the madness that’s been on display since 9/11 itself, when swathes of the UK population decided that ‘America had it coming to it’ because it supported Israel, and that George W Bush was the most dangerous man on the planet. After the Iraq war started this irrationality swelled into pathological proportions on both sides of the Atlantic, when the ‘Bush lied, people died’ narrative fuelled a hatred of Bush and ‘the neocons’ exceeded in its hallucinatory and murderous venom only by the truly deranged way in which the media and intelligentsia systematically either ignored evidence that did not fit this narrative or, even more astoundingly, reported it in such a way that it delivered the opposite of what was actually happening or being said. Continue Reading »

MILITARY: Are Americans ready for women registering for the military draft and being assigned close-combat roles? | Lynn Vincent | World Magazine

Barack Obama has consistently and very publicly staked out policy positions far to the left of the American public on such issues as taxes, abortion, and same-sex marriage. But one issue has slipped quietly under the radar: If elected president, the Illinois senator would require women to register for the military draft. As commander in chief, he would also consider assigning women to roles in close combat, also known as “the point of the spear.”

“Women are already serving in Continue Reading »

Michael Zak | RepublicanBasics.com | October 27, 2008

On this day in 1964, Ronald Reagan spoke to a nationwide television audience on behalf of the Republican presidential nominee. Here are the words of Ronaldus Magnus:

“If we lose freedom here, there is no place to escape to. This is the last stand on Earth. And this idea that government is beholden to the people, that it has no other source of power except to sovereign people, is still the newest and most unique idea in all the long history of man’s relation to man.

This is the issue of this election. Whether we believe in our capacity for self- government or whether we abandon the American Revolution and confess that a Continue Reading »