American Elephants


McCain Blasts Obama’s Lies/Corruption by American Elephant

Democrats twice block both McCain and President Bush’s attempts to reform Fannnie Mae, Obama takes unprecedented sums from same, appoints the man responsible for the meltdown as chief advisor, while Democrats are raking in money hand over fist, both in congress and at the helm of Fannie Mae. McCain has come out swinging. I hope we see lots more of this, including lots of commercials, with ALL the damning details:

And as long as he’s on the topic of Babs Streisand, let’s just throw this classic in for some much needed comic relief:

(ht: Vince)



Bush and McCain each tried to reform Fannie Mae. Democrats Blocked them both times. by The Elephant's Child

First from the New York Times: Note the date!

September 11, 2003– The Bush Administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.

Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry,

The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies.  It would exercise authority over any new lines of business.  And it would determine whether the two are adequately managing the risks of their ballooning portfolios.

The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac — which together have issued more than $1.5 trillion in outstanding debt — is broken.  A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.

Among the groups denouncing the proposal today were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing.

From the Congressional Record: Again, Note the Date!

FEDERAL HOUSING ENTERPRISE REGULATOR REFORM ACT OF 2005
The United States Senate, May 25, 2006

Sen. John McCain [R-AZ]:  Mr. President, this week Fannie Mae’s regulator reported that the company’s quarterly reports of profit growth over the past few years were “illusions deliberately and systematically created” by the company’s senior management, which resulted in a $10.6 billion accounting scandal.

The Office of Federal Housing Enterprise Oversight Oversight’s report goes on to say that Fannie Mae employees deliberately and intentionally manipulated financial reports to hit earnings targets in order to trigger bonuses for senior executives.  In the case of Franklin Raines, Fannie Mae’s former chief executive officer, OFHEO’s report shows that over half of Mr. Raines’ compensation for the 6 years through 2003 was directly tied to meeting earnings targets.  The report of financial misconduct at Fannie Mae echoes the deeply troubling $5 billion profit restatement at Freddie Mac. …

For Years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac — known as Government-sponsored entities or GSEs— and the sheer magnitude of these companies and the role they play in the housing market.  OFHEO’s report this week does nothing to ease these concerns.  In fact, the report does quite the contrary.  OFHEO’s report solidifies my view that the GSEs need to be reformed without delay.

Democrats blocked both attempts to reform Fannie Mae.

Thanks to Sweetness &Light which has printed these two articles in full.

Barack Obama is out trying to blame this all on the Bush Administration, as usual, and scare people as much as he can, — so that he can promise to “rescue” them.  But his solutions are the worst possible, and his speeches are irresponsible.

First Trust economists note that:

The most important thing to remember is that the emphasis belongs on the word financial. These financial market problems are not a result of general market weakness, otherwise known as a recession.  In fact, real GDP has grown 2.2% in the past year and accelerated to a 3.3% annualized growth rate in the second quarter.

The economy is not taking down investment banks; lousy lending standards and the excessive use of leverage are taking down investment banks.

This whole thing had its’ beginnings in a well-intentioned law during the Carter Administration, The Community Redevelopment Act, which was designed to encourage minority homeownership.  President Clinton, influenced by multiculturalism, encouraged it further by dictating where mortgage lenders could lend.  Tough new regulations required that lenders increase their lending in high-risk areas where they had no choice but to lower lending standards to make loans that sound business practices had previously rejected.  Clinton cronies Franklin Raines and Jamie Gorelick became multimillionaires through their supervision of the quasi-governmental agencies that came to manage the real estate market in America.

Low interest rates in the marketplace persuaded Investment banks to purchase packages of sub-prime loans, and risky decisions and a little greed, of course, let them use too much leverage.

This is not the first time that Investment Banks have failed and disappeared. E.F. Hutton, Goodbody & Company, and Kidder Peabody are three of the vanished.  Today’s Investment Banks did not do anything against the law, they just exercised bad business judgment.

Unemployment in the economy is largely confined to the housing crisis with home builders and related trades suffering, as well as the auto industry and related trades and now there will be some investment bankers on the unemployment line.

They are in trouble because they are affected by unfortunate laws made by a Congress that does not always understand what they do. Remember that most congressmen never read the bills that they sign. Congress has long been inclined to well-intentioned regulation to help the poor and save the planet.  They fall in love with the goals, and never consider or learn about the consequences of what they do.

It seems kind to help a poor family get into a house larger than they can really afford, with less of a down payment, but it isn’t really kind.  Kindness would be helping them to learn how to work hard and save their money, and how to move up to better jobs. Government can make it easier for private industry to build smaller, more affordable houses, without telling them what kind of houses to build, where to build them and under what qualifications to sell them.

The great problem with Socialism is their pursuit of “social justice”.  They believe that they can make the poor — not poor — by taking money from the well-to-do and giving it to the poor.  Never works.  Though there is extraordinary mobility in our society, those who are induced into dependency on government are inclined to lose that mobility.

Barack Obama, in all his economic plans, is extraordinarily invested in the pursuit of “social justice”. That should be a serious warning.



Obama embarrases himself again. by The Elephant's Child
September 12, 2008, 8:29 pm
Filed under: Election 2008, Liberalism, Politics | Tags: , ,

Barack Obama has a new commercial out, making fun of John McCain because he does not use a computer or a cell phone, trying to imply that McCain is old and behind the times.  Things have changed since 1982 when John McCain first came to Congress, the ad says, accompanied by images of a Commodore computer and other icons from the 80s.

Obama blew it again.  Embarrassing.  John McCain cannot use a keyboard because of the injuries he received in the Hanoi Hilton.  That has been known for years.  A little fact-checking would be in order.  Almost like Joe Biden asking a gentleman confined to a wheelchair to stand up.  Not cool.

ADDENDUM:

A Boston Globe story from March 2000 says:

McCain’s severe war injuries prevent him from combing his hair, typing on a keyboard, or tying his shoes….
After Vietnam, McCain had Ann Lawrence, a physical therapist, help him regain flexibility in his leg, which had been frozen in an extended position by a shattered knee.  It was the only way he could hope to resume his career as a Navy flier, but Lawrence said the treatment, taken twice a week for six months, was excurciatingly painful.
“He endured it, he wouldn’t settle for less,” said Lawrence, who rejoiced with McCain when he passed the Navy physical.  “I have never seen such toughness and resolve.”

A simple Google News search using the terms “john mccain keyboard” turn up a Forbes article from May 2000 that turns up on the first page of results:

In certain ways, McCain was a natural Web candidate.  Chairman of the Senate Telecommunications Subcommittee and regarded as the U.S. Senate’s savviest technologist, McCain is an inveterate devotee of email. His nightly ritual is to read his email together with his wife, CindyThe injuries he incurred as a Vietnam POW make it painful for McCain to type.  Instead, he dictates responses that his wife types on a laptop. “She’s a whiz on the keyboard, and I’m so laborious,” McCain admits.

The Obama crew apparently not only could not get their story straight, they made Obama look like a jerk for picking on McCain about his injuries, reminded the public of who is a hero, and exposed the simple technological idiocy of not even checking their stories on Google.
Hat tip to Suitably Flip.



McCain/Palin Get More Viewers than Obama by Emerald City Elephant

John McCain and Sarah Palin at Republican National Convention

The press was simply giddy when Barack Obama’s convention speech attracted more viewers than any convention speech ever has. He had more viewers, they told us, than the Oscars, the finale of American Idol or the opening ceremonies of the Olympics. Good for him.

The question is, will they be as excited that both Sarah Palin and John McCain’s speeches each attracted even more viewers than Obama?

I won’t hold my breath.

More than 41 million viewers tuned in to Sarah Palin’s acceptance speech, making it not only the most viewed acceptance speech in history, bigger than the Oscars, bigger than the Olympics and bigger than American Idol, but bigger than the Obamessiah — and nearly twice as many viewers as Joe Biden.

Indeed, new polling shows that Sarah Palin is more popular than Obama or McCain.

But Palin wan’t the only one to attract more viewers than Obama, so did John McCain:

Across all broadcast networks Thursday, Sen. McCain’s speech ended the night with a 4.8 rating/7 share, compared to Sen. Obama’s 4.3/7 average, according to overnight numbers from metered households in 55 U.S. markets measured by Nielsen.



Meanwhile, Victory in Iraq Continues… by American Elephant

While we are all watching the conventions, while the media is busing beating up on 17 year old girls, America’s finest men and women are wrapping up victory in Iraq…

Victory in Anbar… Memo to Barack Obama: Soon you will have nothing left to surrender

On Monday, while Democrats waited to see if Hurricane Gustav would be another Katrina and the GOP juggled its convention schedule, U.S. commanders formally returned responsibility for security in Iraq’s Anbar province to the Iraqi Army and police.

Maybe you missed it. The New York Times Web page had three stories on Bristol Palin. The Washington Post’s online magazine, Slate, is running a “Name Bristol Palin’s Baby” contest. And Us Weekly has “Babies, Lies and Scandal” on its cover.

Victory in Iraq can’t compete in an environment where Bristol’s boyfriend is more thoroughly investigated than Obama’s lifelong association with Weather Underground terrorist William Ayers.  [read more]

General Petraeus: Troops Could Leave Baghdad Soon

General David Petraeus, the top US commander in Iraq, said declining violence in Baghdad raised the possibility that American combat troops could leave the capital by next summer.

Asked in an interview with the Financial Times whether it was feasible that US combat forces could leave Baghdad by July, he said: “Conditions permitting, yeah.” [read more]

Despite Barack Obama and the Democrats most vigorous efforts to ensure the war and the surge became, in Harry Reid’s and Nancy Pelosi’s words, “a failure” and “lost”, America’s men and women in uniform are returning and will be increasingly returning in victory and with the great honor they so deserve.

And yes, that credit must be shared by John McCain and President George W. Bush. And not one iota of credit will ever go to Barack Obama and the Democrats who would have had us pull out long ago, leaving Iraq and indeed the region embroiled in war and genocide.

And yet they want you to believe they have the “judgment” to lead us in the next unknown crisis.

The success they opposed in Iraq proves they absolutely do not.



Free McCain/Palin Campaign Button! by American Elephant
September 2, 2008, 2:30 am
Filed under: Conservatism, Election 2008, Liberalism, Politics | Tags: , ,

McCain Palin Campaign Button

Well, a cyber-button at least.  Crop and re-size it however you wish, post it on your blog/myspace/facebook/webpage whatever as long as it is in support of Palin or the McCain/Palin ticket.

And be sure to check out our McCain/Palin t-shirts, buttons, stickers, etc… here.

Or click any of the pictures below. We’ve got several different designs in a whole host of colors, and  I’ll be updating with new designs just as fast as I can crank them out, so check back often!

I don’t know about you, but I’ve been truly nauseated by the vicious bile the left is hurling at Sarah Palin. They are intent on destroying her before she can get off the ground. The mainstream media has joined in, and the “narrative” has already been written. Palin is, according to them, unintelligent, unqualified white trash, whom John McCain only met once, never vetted, and doesn’t this just prove how poor and reckless McCain’s judgment is!

Naturally, the fact that their “narrative” jibes perfectly with the Obama campaign strategy is purely coincidental.

And now they are feverishly searching for the “facts” to back up their narrative. I have gotten many hits based on google searches for things such as “Palin + inexperienced”. See Dub at Michelle Malkin reports hits looking for “Palin + bikini”. If you blog on WordPress, you may have noticed that the current most popular blog is that of an Obama-supporter in Alaska who has nothing but unkind words for her extraordinarily popular governor. It looks as though half the lefty blogosphere has linked to her already.

Am I the only one reminded of the despicable spectacle of the Paul Wellstone memorial/Political Rally/two minutes hate? These people just met the woman and they already loathe her. I try to avoid predictions, but I would not at all be surprised if the current gutter wallowing doesn’t incur similar backlash. I certainly hope it does.

But right now I wanted to show my support for the besieged governor so I worked up the campaign button above and thought I’d offer it to anyone who also wants to show their support.

More on the Palin attacks and repugnant rumor mongering later.



The Obama Response by Emerald City Elephant
August 29, 2008, 3:51 pm
Filed under: Election 2008, Politics | Tags: , ,

Naturally, the Obama camp came out swinging against Palin:

Today, John McCain put the former mayor of a town of 9,000 with zero foreign policy experience a heartbeat away from the presidency.  Governor Palin shares John McCain’s commitment to overturning Roe v. Wade, the agenda of Big Oil and continuing George Bush’s failed economic policies — that’s not the change we need, it’s just more of the same.

Besides the obvious omission of her governorship, and the ridiculous charge that she represents more of the same, and the jaw-dropping charge from Barack Obama that she lacks experience, its funny that the Obama camp claimed McCain, “put the former mayor… a heartbeat away from the presidency.” Are they conceding they’ve already lost?



Palin inexperienced? I triple-dog-dare you! by American Elephant
August 29, 2008, 3:13 pm
Filed under: Conservatism, Election 2008, News, Politics | Tags: , , ,

Like millions of Americans, I know little about Alaskan Governor and sudden Republican vice-presidential nominee, Sarah Palin. Like many, I have embarked on a crash course. I reserve the right to change my mind, but my first impression is that this was a brilliant pick.

My observations:

The choice of a vice-presidential nominee has always been one of the strongest indications of how a candidate intends to lead. It is striking to me, then,  that in an election that is “all about change” it is the Republican ticket that looked to the future for the vice-presidential nod — a position that by definition is about the future — and it was the Democrat ticket that looked deep into the past, decades old recycled liberalism and the Washington establishment.

Perhaps I am the only one, but, ironically, the McCain ticket now seems the younger and more forward looking.

Obama who? What Democrat convention? Is anyone talking about his speech last night? If they are, I certainly haven’t seen it. McCain has cut off that discussion entirely and stolen the spotlight completely with his unexpected and perfectly executed VP announcement.

The press is already working feverishly to undermine her. They have already determined the information most important for Americans to know is that she was a beauty contestant, a hockey mom, mayor of a tiny town, that NARAL calls her “extreme” on abortion (irony anyone?), and that a late night talk show host said she has a “naughty librarian” look to her.

As governor of the Land of the Midnight Sun, one of America’s most beautiful states and home of ANWR, Palin not only locks up the energy issue for Republicans, but could very well take back environmental issues from the insane leftist fringe for rational Americans.

She is a conservative who shows that McCain, despite his deeply misguided populist stances on some issues, wants to lead America in a conservative direction.

The Republican ticket has two proven reformers (granted, McCain has reformed for the worse in some instances). The Democrat ticket features two of the most partisan old-school liberals in Washington with zero record of reform. She has taken on corruption in her own state, including corrupt Republicans, and shown she is more than willing to confront “big” oil if need be.

However, she is under investigation for allegedly trying to get her sisters ex-husband, a state-trooper fired. I find it hard to believe McCain would pick her if there were anything to this whatsoever.

And on the charges, launched almost before she finished her speech, that she lacks the experience to govern — it is to laugh! I think there is nothing the McCain camp would love more than for Democrats to claim that as the Governor of a state with real executive experience she lacks the experience to be Vice-President. They would be making McCain’s commercials undermining Obama for him!

Sure, she may be light on foreign policy experience, although her state is separated from the lower 48 by another country, rests just miles across the Bering straight from another and has a vibrant international trade. But she has more executive experience, and more importantly, more accomplishments, than both the men on the Democrat ticket combined.

And unlike Obama/Biden, our nominee put the less-experienced person at the bottom of the ticket, not the top. Which one would think is the way it should be.

What do you think?



Sarah Palin, Woo Hoo!! by The Elephant's Child

This is exciting! Sarah Palin is a wonderful choice. Strong, feisty, capable, tough, a reformer.  And above all, she’s real.  So many Washington politicians are patted and groomed into what they believe will appeal to this group or that.  Wardrobe consultants, make up consultants, soon it is hard to discern the person beneath the packaging.

We have been trying for months to find out who Barack Obama is, and what he stands for. His disturbing acceptance speech last night gave us no clue.  Is he completely unaware of what has transpired over the past few years, or was he merely trying to feed his followers enough red meat to satisfy their bloodlust?  It was a mean speech, full of attacks on George Bush who, of course, is to blame for everything — but who is not running again.  I suppose if you have a huge stadium full of people for whom high humor is putting a Hitler moustache on President Bush, accuracy doesn’t matter much.

The more I find out about Sarah Palin, the better this choice seems.  She has not been Governor for a long time, but she has accomplished an amazing amount of important things.  I can’t wait to see her out there on the campaign trail.



Exclusive: First Look at Obama/Biden Campaign Signs by American Elephant
August 23, 2008, 8:33 am
Filed under: Election 2008, Humor, Liberalism, News, Politics | Tags: , , ,

Barack Obama Biden Campaign Sign

The wait is over at long last! (For those of you who were waiting, at least.) If you’re like me, you weren’t waiting for the announcement so much as you were waiting for sweet relief from the 24-7 speculative hyperventilation. The operating assumption behind which seemed to be, if pundits could successfully name every known living Democrat as a possible running mate, eventually someone would end up being right.

But man! were they waiting! We posted this little joke, and were inundated with hundreds of hits within the first few minutes. You think they’ll fall for this one too? Heh heh.

According to Ed Morrisey, the much ballyhooed text message didn’t arrive until 4 am EST, hours after the pick was confirmed. So much for telling the Obamaniacs first. He can’t send out a text message on time, but he’s ready to lead the country? Oi! Another promise down the “O” hole and he hasn’t even gotten the nomination yet. How many is that? I’ve lost count. Turns out it was just a ploy to get cell #’s for the get out the vote efforts. Smart politics, bad PR.

I am very pleased, though,  to see that the McCain camp was ready to go with commercials no matter who the nominee ended up being — I’ll give McCain this, he’s been running a shrewd campaign of late.

Whaddya wanna bet McCain’s choice doesn’t get a quarter of the attention? Still, it will be interesting to see how the Obamessiah and Hairplugs respond to the ad:

(ht: Michelle Malkin)



New McCain Ad Eviscerates Obamanomics by American Elephant

Highly effective new radio ad from the McCain camp. Hope they have a version for TV!



The crisis in Georgia through the eyes of Michael Totten… by The Elephant's Child
August 21, 2008, 1:41 am
Filed under: Foreign Policy, News, Uncategorized | Tags: , , , , ,

Michael Totten, independent journalist extraordinaire, reports from Tbilisi in Georgia, and describes the situation there. He describes a refugee crisis all over the country and especially in the capital. Schools have been transformed into refugee housing. Michael visited one of the schools and spoke to four women — Lia, Nana, Diana, and Maya — who had fled with their children from small villages near Gori.

“We left the cattle,” Lia said. “We left the house. We left everything and came on foot because to stay there was impossible”. Diana’s account: “They are burning the houses. From most of the houses they are taking everything. They are stealing everything, even such things as toothbrushes and toilets. They are taking the toilets. Imagine. They are taking broken refrigerators.” And Nana: “We are so heartbroken. I don’t know what to say or even think. Our whole lives we were working to save something , and one day we lost everything. Now I have to start everything from the very beginning.”

As always in his reporting, Michael gives a sense of immediacy to today’s events. Read the whole thing.




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