American Elephants

John McCain Starts to Hit Back on Financial Crisis by American Elephant

It’s about TIME!

After weeks of Democrats disingenuously blaming the housing crisis on Republican policy and their supposed deregulation, John McCain is hitting back with a new ad proving that it was Republicans who have been pushing to regulate Fannie Mae and Freddy Mac and corrupt Democrats who blocked the reforms.

If you’re like me, and you don’t live in a battleground state, chances are you haven’t seen these ads. And considering the media isn’t about to cover this election fairly, ads like these are one of the few places most Americans can get a glimpse of the other side of the story.

It’s a powerful ad — especially since it stars Bill Clinton. It could be even more hard-hitting, but its a good start. It’s a 60 second ad, which makes it more expensive to air. If you agree, email the McCain Campaign, and tell them you want more ads like this. (And if you can, contribute so they can afford it.)

A good ad giving a taste of how a McCain/Palin ticket would address economic problems with solid conservative principles:

And another new ad, directly taking on Obama’s policy proposals and his dishonest portrayal of them:

And lastly, a few ads that have been out for a while that I either didn’t see, or that bear repeating:

Dog’s Best Friend by American Elephant
September 30, 2008, 1:04 pm
Filed under: News of the Weird | Tags: ,

Florida man dives off pier, punches shark to save his rat-terrier, Jake:

Greg LeNoir watched in horror as the shark’s mouth opened wide, chomping a large set of teeth on his beloved 14-pound dog, Jake.

Noooooo,” LeNoir shrieked, fearing the worst.

But the case of the rat terrier vs. the shark has a happy ending.

”Jake’s doing great,” LeNoir’s brother, Phillip, said Monday. “And I still can’t believe my brother jumped in the water and punched a shark.” [read more]

We love dogs, and we love happy endings. What a heartwarming story.

(photos: Miami Herald)

Barack Obama’s connections to the sub-prime mortgage mess. by The Elephant's Child
September 29, 2008, 10:21 pm
Filed under: Economy, Election 2008, Liberalism | Tags: , , ,

One of the big sticking points in the debate over the financial bailout bill has been the Democrat attempt to include more funding for ACORN.  ACORN (the Association of Community Organizations for Reform Now) has been in the forefront of encouraging banks to make home loans to high-risk borrowers.  Barack Obama was a community organizer with ACORN.  Stanley Kurtz, a scholar and writer, is a senior fellow with the Ethics and Public Policy Center in Washington DC.  He writes about Obama’s dangerous connections:

What exactly does a “community organizer” do? Barack Obama’s rise has left many Americans asking themselves that question.  Here’s a big part of the answer: Community organizers intimidate banks into making high-risk loans to customers with poor credit.

In the name of fairness to minorities, community organizers occupy private offices, chant inside bank lobbies, and confront executives at their homes — and thereby force financial institutions to direct hundreds of millions of dollars in mortgages to low-credit customers.

In other words, community organizers help to undermine the US economy by pushing the banking system into a sinkhole of bad loans. And Obama has spent years training and funding the organizers who do it.

The seeds of today’s financial meltdown lie in the Community Reinvestment Act — a law passed in 1977 and made riskier by unwise amendments and regulatory rulings in later decades.

CRA was meant to encourage banks to make loans to high-risk borrowers, often minorities living in unstable neighborhoods.  That has provided an opening to radical groups like ACORN to abuse the law by forcing banks to make hundreds of millions of dollars in “subprime” loans to often uncreditworthy poor and minority customers.

ACORN has been at the center of vote-tampering schemes in past elections.  It drew national attention in 2004 when its get-out-the-vote activists were implicated in many reports of voter fraud, particularly in swing states like Ohio, Missouri, Pennsylvania, New Mexico, Colorado Minnesota and Washington.

ACORN has worked closely with corrupt labor unions and its tactics resemble those of labor racketeers. An unusually large number of its critics describe the organization as a cult, demanding fanatical devotion from members, while exploiting their good will.  ACORN actually sued California in 1995, arguing that ACORN should be exempted from state minimum-wage laws.  Which seems particularly crass since ACORN’s mission is to enact “living wage ” ordinances. Discover the Networks has an excellent run-down on ACORN activities and agendas.

Stanley Kurtz goes on to describe Obama’s worrisome connection to ACORN:

It would be tough to find an “on the ground” community organizer more closely tied to the subprime-mortgage fiasco than Madeline Talbott.  And no one has been more supportive of Madeline Talbott than Barack Obama….

In those years , he also conducted leadership-training seminars for ACORN’s up-and-coming organizers.  That is, Obama was training the army of ACORN organizers who participated in Madeline Talbott’s drive against Chicago’s banks.

More than that, Obama was funding them.  As he rose to a leadership role at Chicago’s Woods Fund, he became the most powerful voice on the foundation’s board for supporting ACORN and other community organizers.  In 1995, the Woods Fund substantially expanded its funding of community organizers — and Obama chaired the committee that urged and managed the shift…

The Woods Fund report makes it clear Obama was fully aware of the intimidation tactics used by ACORN’s Madeline Talbott in her pioneering efforts to force banks to suspend their usual credit standards. Yet he supported Talbott in every conceivable way.  He trained her personal staff and other aspiring ACORN leaders, he consulted with her extensively, and he arranged a major boost in foundation funding for her efforts….

In short to understand the roots of the subprime-mortgage crisis, look to ACORN’s Madeline Talbott.  And to see how Talbott was able to work her mischief, look to Barack Obama.

To find out what community organizers really do, read the whole thing.  It will show you why it would be beyond the pale for a federally funded bailout for this mortgage crisis to include funding for the group that contributed so much to creating the crisis.

Caught on Video: Democrats in Their Own Words Blocking Fannie/Freddie Reforms by American Elephant

Republicans tried many times to regulate Fannie and Freddie. Democrats demonized and demagogued those calling for the regulations. Watch how they attack the Director of Oversight. Democrats said there was no problem. Democrats voted in complete party unison against reforms.

Here they are in their own words. See for yourself.

They were protecting their pet policy that caused this meltdown. They were protecting the Democrats who ran Fannie and Freddy. They were protecting their piggy bank.

They must be voted out of office.

Please share this video. Email it to friends and family. Post it. Send it to your favorite blogs.

(h/t VinceP)

Timeline Shows Bush, McCain, Republicans Warning Democrats of Financial Crisis by American Elephant

Another video explaining Democrats complicity in the financial crisis. Notice the alternative media are the only ones covering this most important story.  The most important story this election season and the “mainstream” media, desperate to drag Obama across the finish line at all costs, won’t cover it. Isn’t that the very definition of a lie of omission?

Please forward these videos and stories to the people you know — especially Democrats and independents — and ask them to forward them as well. Post them on your blog or myspace. Encourage others to circulate them. America seems poised to elect the very people who did this to our financial system so they can do it to our healthcare system and who knows what else.

A Day after the Debates Quiz. by The Elephant's Child

If you watched the debate last night, or have been paying attention to the Presidential campaign, you may be interested in taking the following quiz.  It might even clear up a few things.


1. Which of the following countries had the highest economic growth since 2000?

a. France

b. Japan

c. Germany

d. U.S.A.

2. Which of the following countries has the highest GDP per capita?

a. U.K.

b. Germany

c. Japan

d. U.S.A.

3. Which of the following countries had the highest household consumption in 2005?

a. U.K.

b. Canada

c. France

d. U.S.A.

4. Which country spends the most per capita on health services?

a. U.K.

b. Germany

c. Canada

d. U.S.A.

5. What percentage of the U.S.A.’s population is covered by health insurance?

a. 55%

b. 65%

c. 75%

d. 85%

6. In which of the following countries does the richest 20% of households have the
highest share of national income?

a. U.S.A.

b. U.K.

c. Israel

d. 65 other countries

7. Which of the following countries had the highest investment per capita in fixed
assets in 2005?

a. Germany

b. U.K.

c. China

d. U.S.A.

8. Which period had the lowest unemployment rate?

a. Euro Zone (2001-2008)

b. Reagan Presidency

c. Clinton Presidency

d. Bush Presidency

9. Which period had the lowest debt interest payments as a percentage of GDP?

a. Euro Zone (2001-2008)

b. Reagan Presidency

c. Clinton Presidency

d. Bush Presidency

Here are the answers and sources of statistics:

1. d. U.S.A. (from the IMF)
2. d. U.S.A. (World Bank)
3. d. U.S.A. (World Bank)
4. d. U.S.A. (WSJ 9/3/08)
5. d. 85% (US Census Bureau)
6. d. 65 other countries (World Bank)
7. d. U.S.A. (World Bank)
8. d. Bush Presidency (Department of Labor)
9. d. Bush Presidency (IMF)

(h/t  Maggie’s Farm)

Henry Kissinger Responds to Obama by American Elephant

Henry Kissinger slams Obama. The Weekly Standard has the exclusive:

Henry Kissinger believes Barack Obama misstated his views on diplomacy with US adversaries and is not happy about being mischaracterized. He says: “Senator McCain is right. I would not recommend the next President of the United States engage in talks with Iran at the Presidential level. My views on this issue are entirely compatible with the views of my friend Senator John McCain. We do not agree on everything, but we do agree that any negotiations with Iran must be geared to reality.”

Of course McCain pretty much slammed him on the spot. Is there anyone who wasn’t reminded of Lloyd Bentsen’s famous response to Dan Quayle?

“Senator, I know Henry Kissinger, and you’re no Henry Kissinger.”

A devastating blow.

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