John Wayne Gacy, a lifelong Democrat, got his start in Iowa too

Update: Michele Bachman mixed up John Wayne with John Wayne Gacy during her campaign stump speech in Iowa today. The famous American movie star, John Wayne was born in Iowa. John Wayne Gacy (the Democrat) got his first taste of fame when he was arrested for chasing a teenage Democrat office worker around after hours with his pants down.

I met John Wayne Gacy in 1975. I was teen working part-time at a luxury townhouse development near our home called Barrington Lakes. Gacy was a night watchman/contractor at the development site. We were told he was a “great guy,” very funny, a prominant Democrat and “Pogo the Clown” at special events. Another teenage co-worker and I talked to him once or twice. It just took a split second to form an opinion of Gacy. He was a perv, big time.

The fat slob sat in a construction trailer night after night reading dirty magazines and paperbacks. The stack was four feet high. I remember his fat, scrufty face and glazed-over, puss-filled eyes of a drug addict and drunk. And he had an old Hubert Humphrey bumper sticker on his “office” wall, along with some photos of Chicago politicians including Mayor Richard Daley. He had dreams of running for office some day. He was good friends with a new resident who rented his suite including the furniture. I forget his name, but remember the black man dressed well and paid his rent only in cash. He was a very good friend of Gacy.

It was startling to learn that the guy disappeared months later. We had to clean out his apartment. The new, designer couch had a big, greasy, filthy hole carved into the middle of the cushion. It smelled rancid. The place was wrecked.

Ten years earlier:

John Wayne Gacy seemed to have it all, two kids, a young wife and a career as a fast food manager thanks to his father-in-law in Waterloo, Iowa.

But there were strange stories circulating. It seemed that young boys were always in John Wayne Gacy’s presence. Everyone heard the stories that Gacy was homosexual and made passes at the young boys who worked for him at the fast food franchises his new father-in-law owned. Yet, people close to him refused to believe in the gossip, until May of 1968 when rumors became truths brought out in court.

In the spring of 1968, Gacy was indicted by a grand jury in Black Hawk County, Iowa for committing the act of sodomy with a teenage boy named Mark Miller. Miller testified that Gacy had tricked him into being tied up while visiting Gacy’s home a year earlier, and had violently raped him. Gacy denied all the charges against him and told a conflicting story, stating that Miller willingly had sexual relations with him in order to earn extra money. Gacy further insisted that Jaycee members opposed to him becoming president of the local chapter organization were setting him up. He was convicted to 10 years in prison becuase he had also hired a teenager to beat up Miller. He served just 18 months; his wife divorced him and he moved back to Chicago. He reportedly said that he considered his wife and kids dead.

He soon met and married his second wife, Carole. But Carole and John had drifted apart by 1975. He would be in a good mood one moment and the next moment he would be flying into an uncontrollable rage and throwing furniture. He was an insomniac and took speed. Gacy was rarely home in the evenings and when he was, he was either fixing something with the outside of the house or working in the garage. However, there was one thing that Carole was extremely worried about.

She began to find gay magazines with naked men and boys in her house. She knew that Gacy was reading them and he acted nonchalantly about his new choice of reading material. Gacy told his wife that he preferred boys to women.

Carole filed for divorce. The divorce became final on March 2, 1976.

Although Gacy had a criminal record, was working several night watchman and janitorial jobs, he refused to let it hold him back from realizing his dream of success. Being a man who thrived on recognition and attention, Gacy turned his sights to the world of politics. It was in politics that Gacy hoped to make his mark in the world. He had high aspirations and hoped to one day run for public office as a Democrat.

In 1975, Gacy became the Democrat precinct secretary treasurer. It seemed as if Gacy’s dreams of success were beginning to come true; however his career in politics would be short-lived. Troubles started to bubble up when rumors began to circulate about Gacy having homosexual interest in teenage boys.

One of the rumors stemmed from an actual incident that took place during the time Gacy was involved with cleaning the Democratic Party headquarters. One of the teenagers who worked with Gacy on that particular project was sixteen-year-old Tony Antonucci. According to Antonucci, Gacy made sexual advances towards him, and chased him in the Democrat headquarters with his pants down. According to court records, Gacy backed off when Antonucci threatened to hit him with a chair. Gacy joked about the situation and left him alone for a month.

The following month Gacy tried to trick the teen into handcuffs and believing he was securely cuffed he began to undress the boy. However, Antonucci had made sure that one of his hands was loosely cuffed and he was able to free himself and wrestle Gacy to the ground. Once he had Gacy on the ground he handcuffed him, but eventually let him go after Gacy promised he would never again try touching him. Gacy never made sexual advances towards Antonucci again and the boy remained working for Gacy for almost a year, following the incident.

When Gacy was exposed in December 1978 as a sadistic homosexual serial killer, it came as a huge shock to his neighbors, friends, local politicians and business associates.

It was also deeply embarrassing for the Democratic Party of President Jimmy Carter as Gacy was an enthusiastic supporter who had been photographed with the First Lady, Rosalyn Carter. He presented a check for $5,000 to Jimmy Carter’s campaign. The media didn’t cover the politics of the killer clown. The media filters the news that is harmful to their overall liberal Democrat creed.

What is a community organizer? ACORN stands for Association of Community Organizations for Reform Now — James O’Keefe and Hannah Giles expose ACORN fraud

Citizen journalists exposed ACORN on camera. Now the Obama/Democrat politicians have to sever their ties with the socialist group famous for ballot stuffing, voter registrations by the tens of thousands and illegal loans by the thousands (helping fuel the financial meltdown).  The two citizen journalists asked for tax advice on opening up a house of prostitution and got some good tips from ACORN staff members. 

 

The interview was taped and now Obama has some explaining to do. Why did he pick 9-11 for the first annual day of service? Now ACORN will forever be tied to a tragic day in American history. ACORN is a brownshirt political activist group hired to rig local elections and beef up poor and illegal numbers for federal aid.  What a shitty organization? My god! 

 

Two employees at the Baltimore, Maryland, branch of the liberal community organizing group ACORN were caught on tape allegedly offering advice to a pair posing as a pimp and prostitute on setting up a prostitution ring and evading the IRS.

The video  was recorded and and posted online Thursday by James O’Keefe, a conservative activist. He was joined on the video by another conservative, Hannah Giles, who posed as the prostitute in the filmmakers’ undercover sting.

Wonder why the New York Times or Washington Post didn’t think of doing this kind of real journalism? I think you know the answer.

The video shows the pair approaching two women working at the ACORN Baltimore office and asking them for advice on how to set up a prostitution ring involving more than a dozen underage girls from El Salvador. One of the ACORN workers suggests that Giles refer to herself as a “performing artist” on tax forms and declare some of the girls as dependents to receive child tax credits.

“Stop saying prostitution,” the woman, identified by the filmmaker as an ACORN tax expert, tells Giles. The other woman tells them, “You want to keep them clean … make sure they go to school.”

Both woman appear enthusiastic to help. The tape is on YOUTUBE. Google it. 

James O’Keefe and Hannah Giles visited one of ACORN’s New York offices in August, where they picked up handy tips on how to lie on housing forms to cover up a prostitution business (”Honesty is not going to get you the house,” one ACORN official advises) and how to hide cash from their illicit business (”When you buy the house with the backyard, you get a tin…and you bury it down in there…cover it…and put the grass over it…”).

Watch the whole thing at Big Government. This is now the third videotaped sting exposing the ACORN racket’s law-undermining, truth-sabotaging counseling sessions.

If the Census Bureau no longer trusts ACORN to collect data as a result of these videotapes, why is Congress still allowing taxpayer money to be funneled to the ACORN Housing Corporation?

AHC has received an estimated $16 million in taxpayer funds between 1997-2007, according to the Employment Policies Institute.

 ACORN is now managing apartments in Bedford-Stuyvesant for the newly completed Atlantic Avenue Apartments.

 

The video footage — which has been edited and goes to black in some areas — was recorded and posted online Thursday by James O’Keefe, a conservative activist. He was joined on the video by another conservative, Hannah Giles, who posed as the prostitute in the filmmakers’ undercover sting.

The video shows the pair approaching two women working at the ACORN Baltimore office and asking them for advice on how to set up a prostitution ring involving more than a dozen underage girls from El Salvador.

One of the ACORN workers suggests that Giles refer to herself as a “performing artist” on tax forms and declare some of the girls as dependents to receive child tax credits.

 

 

 

 

Governor Sarah Palin, in her Wednesday night speech to 40 million Americans said, “I guess a small-town mayor is sort of like a ‘community organizer, except that you have actual responsibilities.” Sarah hit a grand slam with that one.

 

But what exactly were Barack Obama’s actions as of community organizer in Chicago?

 

It’s been hidden from the news that Obama was a member of the Association of Community Organizations for Reform Now, ACORN. Google ACORN and you may be surprised to find that it is a liberal/socialist organization involved in voter fraud. Look up the lawsuits ACORN is involved in.

 

 

Obama’s community organizing involved training grievance-mongers from ACORN.

Last week, Milwaukee’s top election official announced plans to seek criminal investigatioins of 37 ACORN employees accused voter registration fraud on a massive level.

 

Obama’s campaign apologized for failing to report $800,000 in campaign payments to ACORN. They were “accidently” filed with the Federal Election Committee as money sent to “get-out-the-vote” and “advance work.”

 

The New York Post has more quotes today from upset community organizers. Joshua Hoyt, executive director of the Illinois Coalition for Immigrant and Refugee Rights, says: “I don’t like seeing the really hard work that goes on in really poor communities being demeaned by cheap politicians.”

 

Hard work such as signing up non U.S. citizens as Democrats with voter cards.

 

The Arkansas connection
You know Acorn. You know the grassroots organization, now a national power, got its start here, led by Wade Rathke (pictured), who spent the group’s formative years wheeling and dealing in Little Rock before moving to New Orleans. The local affiliate remains a powerful voice for poor people.

Depending on your point of view, you’ll be saddened or gladdened to learn this shocking news:

The New York Times reports today that founder Rathke’s brother embezzled $1 million from the organization eight years ago and the matter was handled internally.He stayed on the payroll until a month ago, when whistleblowers finally forced him out.

Wade Rathke said the organization had signed a restitution agreement with his brother in which his family agreed to repay the amount embezzled in exchange for confidentiality.

Wade Rathke stepped down as Acorn’s chief organizer on June 2, the same day his brother left, but he remains chief organizer for Acorn International L.L.C.

He said the decision to keep the matter secret was not made to protect his brother but because word of the embezzlement would have put a “weapon” into the hands of enemies of Acorn, a liberal group that is a frequent target of conservatives who object to its often strident advocacy on behalf of low- and moderate-income families and workers.

Wade Rathke said he learned of the problem when an employee of Citizens Consulting alerted him about suspicious credit card transactions. An internal investigation uncovered inappropriate charges on the cards that led back to his brother.

“Clearly, this was an uncomfortable, conflicting and humiliating situation as far as my family and I were concerned,” he said, “and so the real decisions on how to handle it had to be made by others.”

If one of the prosperous businesses or public officials Rathke and Acorn have bedeviled and humiliated over the years had offered this alibi for wrongdoing, they would be in Lompoc right now.

Miss California has same views against gay marriage as President Obama, Biden and and Hillary

President Barack Obama didn’t think the media lap dogs would do this to him just 100 days into his term. But thanks to The Donald, Obama ended up in the middle of the gay/lesbian/transgender smear campaign against Miss California.  — the debate over Carrie Prejeans Christian beliefs — in opposition to gay marriage.

At a press conference addressing Carrie Prejean’s disputed title in the Miss USA competition, pageant owner Donald Trump compared Prejean’s stated views on gay marriage to Obama’s. Bloggers on Twitter have pointed this out weeks ago. 

“It’s the same answer that the president of the United States gave,” Trump said. “She gave an honorable answer. She gave an answer from her heart.”

In her own remarks moments later, Prejean echoed Trump’s statement, telling reporters: “The president of the United States, the secretary of state, and many Americans agree with me in this belief.” Let’s be clear on this media/gay smear, Miss Prejean would be Miss USA today, if not for the biased, hate-filled attacks by the gay/lesbian/transgender political arm of the Democratic party of the U.S. Perez Hilton is the one who should be in a controversy today by the major media.

Q: “Do you support gay marriage?” VP BIDEN: “No, Barack Obama nor I support redefining, from a civil side, what constitutes marriage. We do not support that. That is basically a decision to be able to be left to the faiths and people who practice their faiths to determine what you call it.”

Another 50 thrown under the bus at the Columbus Dispatch

The Columbus (Ohio) Dispatch is reducing the size of its newsroom, laying off more than 45 people effective on April 3, management of the newspaper announced today. No foolin’. 

“These are challenging times for many industries, including the newspaper industry,” said John F. Wolfe, publisher and CEO, who explained the changes to the staff. He’s the one who owns five suits. 

“We avoided staff reductions as long as possible long after many other news organizations took such action.”

While the newspaper readership remains strong and stable, Wolfe said the economy and market forces have pushed advertising revenue steadily downward. And advertising revenue provides the majority of funds needed to pay salaries and buy paper and ink.

Editor Benjamin J. Marrison said the newsroom staff reductions will hasten a restructuring of the newsroom to put a sharper focus on local news, local sports, enterprise reporting, and building a more robust online presence at Dispatch.com. Haven’t we heard that before? 

He said the reductions will result in some changes in the news pages in the coming months, which he will explain to readers in his “Inside Story” column as plans for those changes are mapped out.

“We will have a smaller but no less dedicated staff working each day to bring our readers the news of central Ohio,” Marrison said. “Our mission remains the same: to provide compelling, relevant, timely and accurate reports about this community. We’ll be working even harder now to make that happen.”

Maybe there is time for “senior editors” with two suits to get hired on at the Obama comunications/propaganda center for “Fairness.” 

Journalists can feel better knowing that soon, the Dispatch won’t be contributing to global warming. 

Maybe it can be called a hate crime to layoff reporters? 

On another front–the biggest losers in the media game–McClatchy News can’t even get pennies on the dollar for some of the papers they spun off from their horrible investment in Knight-Ridder.

A McClatchy spokesman said the company may not be able to recover $5.3 million owed by newspapers it had sold to companies that have recently filed for Chapter 11. That’s putting it mildly. 

The write-off pushes McClatchy’s fourth-quarter loss to $27 million, or 33 cents per share, up from the $21.7 million loss the company reported in February, according to a regulatory filing late Monday.

The company declined to say which papers still owed it money, but three former McClatchy properties filed for bankruptcy protection this year: The Philadelphia Inquirer and the Philadelphia Daily News, owned by Brian Tierney’s Philadelphia Media Holdings, and the Star Tribune of Minneapolis, controlled by the private-equity firm Avista Capital Partners.

The McClatchy stock teeters on the prospect of being delisted by the New York Stock Exchange. You can smell death in the boardroom. 

McClatchy about to be kicked off the New York Stock Exchange as stock falls below $1 dollar.

The elegant McClatchy stock certificates for Class A stock are worth more than the stock itself. *

 

This report is directly from a McClatchy press release. The McClatchy Company today (Feb. 5) reported a net loss from continuing operations in the fourth quarter of 2008 of $20.4 million, or 25 cents per share.

McClatchy also announced that it was notified by the New York Stock Exchange  that it is not in compliance with the NYSE’s continued listing standards. The NYSE’s notice dated February 4, 2009 indicated that on February 2, 2009, the company’s average share price over the previous 30 trading days was $0.98, which is below the NYSE’s quantitative listing standards.

The NYSE listed companies must maintain an average closing price of any listed security above $1 per share for any consecutive thirty trading-day period. McClatchy plans to notify the NYSE of its intent to cure this deficiency and has six months from the date of the NYSE notice to cure the non-compliance. The company’s Class A common stock will continue to be listed on the NYSE during this interim period, subject to compliance with other NYSE listing requirements and the NYSE’s right to reevaluate continued listing standards. In reality, the stock is now considered a “penny stock” and things had better shape up in the next six months. 

There was no report on what McClatchy was doing about its carbon footprint and efforts to slow climate change. 

Revenues in the fourth quarter of 2008 were $470.9 million, down 17.9% from revenues from continuing operations of $573.4 million in the fourth quarter of 2007. Advertising revenues were $388.3 million, down 20.7% from 2007, and circulation revenues were $67.0 million, up 1.4%. Online advertising revenues grew 10.3% in the fourth quarter of 2008 and were 10.9% of total advertising revenues compared to 7.8% of total advertising revenues in the fourth quarter of 2007.

Using cash from operations and proceeds from asset sales, the company repaid $30 million of debt in the quarter and $433 million for all of 2008. Debt at the end of the fiscal year was $2.038 billion, down from $2.471 billion at the end of 2007.

Restructuring plan to calm banks and other investors

McClatchy noted in a press release that the duration and depth of the economic recession have taken a severe toll on its advertising revenues. Given the unprecedented deterioration in revenues and with no visibility of an improving economy, the company is continuing to reduce expenses. McClatchy announced that it is developing a plan to reduce costs by an additional $100 million to $110 million, or approximately seven percent of 2008 cash expenses, over the next 12 months beginning later in the first quarter of 2009.

Details of the plan have not yet been finalized. In addition, the company will freeze its pension plans and temporarily suspend the company match to its 401(k) plans, effective March 31, 2009. The company will extend a salary freeze for senior executives in 2009 that was implemented in 2007. The company previously announced that it had implemented a company-wide salary freeze from September 2008 through September 2009. Gary Pruitt, McClatchy’s chairman and chief executive officer, also has declined any bonus for 2008 and 2009. In addition, other senior executives will not receive bonuses for 2008.

 

The loss from continuing operations for the entire year of 2007 was $2.73 billion, or $33.26 per share, including the effect of the non-cash impairment charges taken in 2007. Adjusted earnings from continuing operations(1) were $110.9 million, or $1.35 per share, in fiscal 2007 after considering the non-cash impairment charges and adjustments for certain discrete tax items. The company’s total net loss, including the results of discontinued operations, was $2.74 billion, or $33.37 per share.

 

Management’s Comments

Commenting on McClatchy’s results, Pruitt said, “2008 was a difficult and disappointing year. We faced troubled economic times and structural changes in our business.

 

“But the economy remains mired in recession and our industry is still in a period of transition. The advertising environment continues to be weak and we expect print advertising revenues to continue to be down. While we do not have final advertising revenue results for January, we know that the month was slower than the fourth quarter. We don’t have any better sense than other market observers as to how long the current recession will last and we do not yet have visibility of revenue trends.

“We must respond with both continued rigor in driving our revenue results as well as permanently reducing our cost structure. At McClatchy we are quickly becoming a hybrid print and online news and information company.

“Evidence of our cost reduction efforts can be found in our results. Excluding severance and other benefit charges related to our previously announced restructuring plans, cash expenses were down 14.4% in the fourth quarter and were down 11.5% in all of 2008.

“This necessary transition to a more efficient company is especially painful in a horrible economy and we have had to make some very difficult decisions to keep the company safe,” Pruitt said. “Even so, we are determined to treat our employees well and secure their retirement as best we can. So while we have announced that we are freezing our pension plans and will temporarily suspend 401(k) matching contributions as of March 31, we will continue to offer competitive benefits for our employees. We expect to offer a new 401(k) plan later this year that will include both a matching contribution (once reinstated), plus a supplemental contribution that is tied to cash flow performance. I recognize the sacrifices our employees are making to help us get though this difficult time and I appreciate their loyalty to McClatchy. I am confident that the McClatchy team is up to this challenge and we will see brighter days when the economy finally turns.”

Pat Talamantes, McClatchy’s chief financial officer, said, “Our new cost initiatives, combined with our 2008 efforts, are designed to save approximately $300 million annually before severance costs. Approximately $60 million of savings has been realized in 2008, and $44.7 million of severance costs associated with these programs has been expensed in 2008 and largely paid.”

“Despite the downturn in advertising revenues, we still continue to generate significant cash and are using it to repay debt,” Talamantes said. “Our debt at year end is $2.038 billion, down $433 million from the end of 2007. Based on our trailing 12 months of cash flow, our leverage ratio is currently 5.1 times cash flow and our interest coverage ratio is 2.8 times cash flow as defined by our bank agreement — well within the allowable covenant thresholds. We have $159 million in availability under our bank credit lines, and have no significant debt maturities until June 2011. We believe that we can work through this difficult environment, and we expect to make further progress in paying down debt in 2009.”

Other Matters

McClatchy also announced that it was notified by the New York Stock Exchange (the “NYSE”) that it is not in compliance with the NYSE’s continued listing standards. The NYSE’s notice dated February 4, 2009 indicated that on February 2, 2009, the company’s average share price over the previous 30 trading days was $0.98, which is below the NYSE’s quantitative listing standards. Such standards require NYSE listed companies to maintain an average closing price of any listed security above $1.00 per share for any consecutive thirty trading-day period. McClatchy plans to notify the NYSE of its intent to cure this deficiency and has six months from the date of the NYSE notice to cure the non-compliance. The company’s Class A common stock will continue to be listed on the NYSE during this interim period, subject to compliance with other NYSE listing requirements and the NYSE’s right to reevaluate continued listing standards.

Consistent with the growing industry practice, McClatchy will discontinue issuing monthly revenue and statistical reports after this release. McClatchy is among the last newspaper companies to report advertising results monthly, and without comparable industry information, management does not believe monthly revenues are as useful to investors. The company will continue to provide revenue trends and other statistical information on a quarterly basis with its earnings releases.

*Class B stock is the stock held by the family, so that has voting rights and much more value when the assets are finally sold. It’s the same model used by the New York Times.

Let’s hear the Blago tapes, the Rod Blagojevich tapes have Rahm Emanuel calling 21 times. Trib tips off wire tap before any crime was committed

UPDATE: The Illinois legislature is on the verge of an impeachment vote for Governor Blagojevich. I predict Blago will prevail. The governor knows what was said on those tapes. It takes two to tango. 

UPDATE: Governor Blagojevich says lets hear all the tapes!

“Before they remove a governor who’s been elected twice by the people, hear the whole truth, every tape,” Gov. Blagojevich said. “Richard Nixon, during Watergate, fought tooth and nail to keep those tapes from being heard because he knew there was something wrong on there. Me? I’m the opposite, the anti-Nixon. I want every one of those tapes heard in the impeachment trial, and every witness called in.”

In Springfield yesterday, senators heard the unmistakable voice of the governor talking to his deputy about an alleged pay-to-play scheme for his campaign. Isn’t that fundraising?

The trial seems like an  old USSR show trial. The fix is in if the governor can’t let his accusers hear the entire conversations.

Making a laughing stock of our democracy. A constitutional crisis or common practice?

Obama’s chief of staff, Rahm Emanuel is on record for calling Governor Blagojevich 21 times in a matter of a few days. What do you think the conversations were about, the weather? The Chicago Sun Times reported that little tidbit. The same paper that earlier endorsed Obama and Blagojevich. 

Chicagoans call the Gov, Rod Blowdryavich. What law did he break?

This we now know, the Tribune, which overall has been endorsing Democrats for decades including Obama, Daley and Blago, actually announced the wire tap to everyone, including the governor, Jessie Jackson Jr. and Obama’s staff. We know from Fitzgerald’s office that the governor had been under investigation for more than a year. That is well before the Democrat machine knew they had Obama’s coveted Senate seat to be appointed.  I’m sure they were hopeful about that and planning for it for a few months.

Why didn’t the Tribune expose the wire tap about two months earlier, before the presidential election? What day was the wire tap put on the Governor’s phones?

We know now that among the hundreds of hours of conversations involving Rod Blagojevich secretly recorded by the FBI since Oct. 22, one phone call is drawing particular scrutiny among politicos, journalists and others in Washington. It was a marathon conference call on Monday, Nov. 10. This must have been big. Really big.

Soon after the media mentioned the wire tap. Why now? The journalists didn’t know about it until the big call on Nov. 10. That’s my guess. What do you think?

It may be because a Democrat tipped off the Tribune after the election, but had to “pull the trigger”  earlier than planned  because the political payoffs and negotiations for a U.S. Senate seat were getting ugly, pulling in some top Democrats.

Think about the reason why somebody would leak the details of the investigation to the Tribune. Somebody who is close to the case observes that high-ranking Democrats are being dragged into the case, and he tips the media off on the wires as a way of warning anybody else dealing with Blago to cut it off now!

While all the witnesses against Blago were offered ple deals, even Tony Rezko, I bet you wont see a deal offered to Blago in exchange for other names or higher-ups. It will all end up on Blago.

The Chicago Tribune editors agreed to wait, according to Fitzgerald, until the wire was in place, not until a crime was committed. That was a nice gift for Christmas or “Fitzmas” in Chicagoland. But something is not right. The wire was placed  on  phones on Oct. 22.

Now the Democrat party  in 2009 will have it all — the Presidency, Senate and  House of Representatives. The powerful machine party will also be “appointing” Senate seats for Joe Biden (his son); Hillary Clinton (Carolyn Kennedy); and Obama’s seat (it was to go to the highest bidder, Jessie Jackson Jr., but that is in question).

Plus, the Democrats have their machine counting thousands of votes to cancel out Republican Norm Coleman’s slight win with re-counted (formerly rejected ballots for the former comedian Al Franken).

I have to laugh about the corruption of the media and the Democrat party. Watch how the media acts as defense attorneys when one of their own is in the hot seat. But when it’s a Republican, they act in concert with the prosecuting attorneys.

The Chicago Tribune endorsed Blagojevich for governor and Obama for president. Watch dogs? More like lap dogs.

Take the Nixon tapes. Those were tapes made by the former president so he had a record of events from which to accurately recall day-t0-day events for his biography. 

Those were attacked by Democrat politicians, taken from him by attorneys and made public. 

How about the tapes of political corruption of the highest, criminal level? The selling of a U.S. Senate seat? The tapes of Illinois governor Blogojevich and the scores of Democrats competing for Obama’s vacant U.S. Senate seat? Will there be the media and legal frenzy demanding the public have access to the tapes? Will we only hear select sound bites from the tapes? Let’s hear them all. 

The American people should know how the political system  works. The taxpayers paid for Fitzgerald’s taping and investigation. Let’s hear the tapes and read the transcripts in full. 

The “open” Obama administration is in lock down.

Obama’s staff has declined to respond to even basic questions, like who is conducting the probe? Have you heard the tapes? Obama promised transparency throughout his administration and the run up to it and to divulge contacts his staff has had with Blagojevich’s office in the coming days. But his staff has locked down on inquiries. Just words it appears. No follow up by the media. 

Does the San Francisco Chronicle, Chicago Tribune, New York Times or Washington Post have an interest in finding the full transcripts of the  Blogo tapes with Jesse Jackson Jr. and maybe even president-elect Obama? 

Is there a  free press in America?

They didn’t do a very good job with Tammany Hall did they? How about Richard Daley? How about a little reporting on the 400 Illinois government officials arrested since 1995? 

How about LBJ?  And Jack Ruby, wasn’t he from Chicago? 

It’s time for complete transparancy. It’s up to citizen journalists. We have nothing to gain but the truth.

Rupert Murdoch tells journalists: Shape up or risk extinction

Rupert Murdoch is a media genius. He has an instinct for fair and balanced news. Of course,  members of the elite, liberal media (former monopolies) would say he is just a rich conservative who buys up media. I’ve seen the smears against him for the past 25 years. Now his empire includes FOX, the Wall Street Journal and You Tube. 

This is what Mr. Murdoch has to say: 

“It used to be that a handful of editors could decide what was news-and what was not. They acted as sort of demigods. If they ran a story, it became news. If they ignored an event, it never happened. Today editors are losing this power. The Internet, for example, provides access to thousands of new sources that cover things an editor might ignore. And if you aren’t satisfied with that, you can start up your own blog and cover and comment on the news yourself. Journalists like to think of themselves as watchdogs, but they haven’t always responded well when the public calls them to account.”

Mr. Murdoch points out  the media reaction after bloggers debunked a “60 Minutes” report by former CBS anchor, Dan Rather, that President Bush had evaded service during his days in the National Guard.

“Far from celebrating this citizen journalism, the establishment media reacted defensively. During an appearance on Fox News, a CBS executive attacked the bloggers in a statement that will go down in the annals of arrogance. ’60 Minutes,’ he said, was a professional organization with ‘multiple layers of checks and balances.’ By contrast, he dismissed the blogger as ‘a guy sitting in his living room in his pajamas writing.’ But eventually it was the guys sitting in their pajamas who forced Mr. Rather and his producer to resign.

“Mr. Rather and his defenders are not alone,” he continued. “A recent American study reported that many editors and reporters simply do not trust their readers to make good decisions. Let’s be clear about what this means. This is a polite way of saying that these editors and reporters think their readers are too stupid to think for themselves.”

—Reported by Charles Cooper of CNET.

Update: Dan Rather now works for Mark Cuban, the owner of the Dallas Mavericks. Cuban is under investigation  for insider trading by the federal SEC.

“My summary of the way some of the established media has responded to the internet is this: it’s not newspapers that might become obsolete. It’s some of the editors, reporters, and proprietors who are forgetting a newspaper’s most precious asset: the bond with its readers,” said Murdoch, the chairman and chief executive officer of News Corp., owners of FOX News.

UPDATE: Dec. 21, 2008

Some 500 managers and nonunion workers at The Seattle Times are being asked to take a week off without pay as financial troubles mount.

This is one of many JOAs that allow two mastheads to remain “independent” while all the marketing, promotion, advertising, publishing and distribution are joined in one economical operation. It is a form of monopoly, exactly what Mr. Murdoch was discussing. 

 

· Times memo to unaffiliated employees

Company spokeswoman Jill Mackie said workers can take the time off in a weeklong chunk or a day at a time between now and February. She declined to say how much money the Times expects to save from the mandatory time-off program.

It’s the latest in a series of dire steps by the company, which has had three rounds of layoffs this year.

“There are very few areas remaining in which we can pursue necessary savings,” wrote Seattle Times Senior Vice President Alayne Fardella in a two-page memo sent to all nonunionized Seattle Times employees Friday.

“It has been and continues to be a long and difficult fight for our survival.”

The memo says the time must be taken off before Feb. 28 because the company needs to achieve cost savings early in the year.

The Shagged Sheep — One party PC journalism is here. Watch the attack on Mark Steyn

THE SHAGGED SHEEP

This is a long piece but it does have underage sex and bestiality in it. So enjoy! — Mark Steyn The other day I had an e-mail from M J Murphy, who blogs as Big City Lib, saying only this: I think you owe Dr. Miller an apology. There followed a link to a post called Steyn Gets Punked By 28-Year Old Literary Hoax: Remember the kerfuffle between Mark Steyn and journalism professor Dr. John Miller from a few weeks back? Dr. Miller accused Steyn of taking material for “America Alone” from illegitimate sources like the infamous Little Green Book: Sayings of the Ayatollah Khomeini.* [*UPDATE: M J Murphy has quietly revised this paragraph, and so the airbrushing begins]  Actually, I don’t think Dr Miller has accused me of any such thing, though I admit, given his shifting accusations, that I’m no longer quite sure what he’s accusing me of. Just to recap, said “kerfuffle” arises from this passage in a review I wrote for Maclean’s of Oriana Fallaci’s final book The Force Of Reason: Signora Fallaci then moves on to the livelier examples of contemporary Islam — for example, Ayatollah Khomeini’s “Blue Book” and its helpful advice on romantic matters: “If a man marries a minor who has reached the age of nine and if during the defloration he immediately breaks the hymen, he cannot enjoy her any longer.” I’ll say. I know it always ruins my evening. Also: “A man who has had sexual relations with an animal, such as a sheep, may not eat its meat. He would commit sin.” Indeed. A quiet cigarette afterwards as you listen to your favourite Johnny Mathis LP and then a promise to call her next week and swing by the pasture is by far the best way. It may also be a sin to roast your nine-year-old wife, but the Ayatollah’s not clear on that. A cheap joke en passant. Indeed, insofar as I dwelt on the ovine fornication, it was to suggest to La Fallaci that, even for us flagrant Islamophobes, it was not perhaps the most useful avenue of attack: I enjoy the don’t-eat-your-sexual-partner stuff as much as the next infidel, but the challenge presented by Islam is not that the cities of the Western world will be filling up with sheep-shaggers. If I had to choose, I’d rather Mohammed Atta was downriver in Egypt hitting on the livestock than flying through the windows of Manhattan skyscrapers. But he’s not. And that’s it. That’s all I said. And no one would remember had not El Mo’s sock puppets included the sheep-shagging line in the dossier they submitted to the Canadian “Human Rights” Commission. Whereupon Dr Miller …actually, I’m not sure he is a doctor: He calls himself “The Journalism Doctor”, but the  title seems to be entirely self-conferred. Anyway, at this point, Doc Miller, Prof Miller, Herr Baron von Miller or whatever he is got interested in the case and asked the British Columbia “Human Rights” Tribunal if he could intervene. Silly ol’ me assumed that he wished to intervene to argue the cause of free speech. But no: he wanted to intervene to argue that I was not a “responsible journalist”, and so it was entirely appropriate for the state to censor me. As Rory Leishman notes, since this thought-police racket got going, “Most journalists have either condoned censorship or cowered in silence.” Canadians who still value liberty should know that, if they rely on anemic PC flunkeys like Professor Miller, they’ll lose their country. At any rate, the BCHRT gave him the bum’s rush, so Prof Miller surfaced a few weeks ago and kept returning to the subject of the sheep-shaggers line. His complaint is in an apparently endless process of evolution. But let’s go through the story so far: 1) First, insofar as I understand his initial argument, he advanced the curious line that the ruling from the Ayatollah was not widely cited, and therefore it was improper of me to use it. After it was pointed out that in fact Khomeini’s views on the post-bestiality buffet, child sex and other arcane points of Islamic law are known to many (especially those  on the receiving end), a couple of weeks later he revised his line of attack: 2) Now his argument was that I’d concocted it out of whole cloth. The J-Doc declared boldly that Steyn “gave no citation for the quote, and I suspect it was made up.” In fact, as anyone who reads the passage above can see, I attributed it to Oriana Fallaci’s book. The disinterested observer might conclude that Professor Ethics-Bore had never so much as glanced at the offending article but had simply taken the Sock Puppets’ word for it. So the E-Bore was obliged to revise his argument yet again – and decided to accuse me of what he appeared to have done himself: 3) Now my sin was that I “clearly accepted someone else’s word for it”. Evidently, it wasn’t all that “clear” when he was accusing me of making it up, but a drowning ethics prof can be forgiven for clutching at straw men. At any rate, that makes three different complaints. As I wrote: That’s the great thing about the self-appointed “Journalism Doctor”: When he diagnoses you, he provides his own second opinion. Now, on Prof Miller’s behalf, M J Murphy has revised my crime yet again: Dr. Miller accused Steyn of taking material for “America Alone” from illegitimate sources like the infamous Little Green Book: Sayings of the Ayatollah Khomeini. As I said, the sheep-shagging passage is from a review of La Fallaci’s book in Maclean’s. It’s nothing to do with America Alone. There is no mention of sheep shagging in America Alone. There is no mention of any Little Green Book in America Alone. There is, indeed, no mention of Ayatollah Khomeini in America Alone. Prof Miller and Mr Murphy and their enthusiastic chorus boys at Law Is Cool are welcome to check for themselves. But, leaving that aside and forgiving M J Murphy for confusing America Alone with a book review in Maclean’s, if you return to the passage up above, you’ll see that neither Oriana nor I refer to any Little Green Book. We cite a “Blue Book” – or “Libro Azzurro”, in La Fallaci’s original Italian. That’s the color we’re nailing to our mast. We’re singing the blues, and it’s you fellers who are smelling the green. Indeed, the guy who brought up the Little Green Book is Prof Miller in his response to me. I never mentioned any green book. Like I said, I’d rather be blue. So, if M J Murphy and the excitable schoolgirls at Law R Cool have proved The Little Green Book is a “hoax”, the person who’s been “punked” is Professor Miller. Incidentally, I wouldn’t describe The Little Green Book as a “hoax”. It would be truer to say that it is a somewhat lurid and condensed version of the Ayatollah Khomeini’s work. Nevertheless, if you read M J Murphy’s post, you’ll find that Marvin Zonis of the University of Chicago declined to provide an introduction for it. Professor Zonis is evidently regarded by M J Murphy as a greater authority in these matters than I am, so please keep his name in mind. However, as it happens, I didn’t take “someone else’s word” for anything, whether it was the word of Oriana Fallaci or the compiler of The Little Green Book. When it comes to the Ayatollah Khomeini’s views on sheep shagging, my gu ide for many years has been a book called Resaleh Towzih al-Masael. The author is a chap called …Ayatollah Khomeini. Let’s go back to the original offending quotation from my Maclean’s book review: Signora Fallaci then moves on to the livelier examples of contemporary Islam — for example, Ayatollah Khomeini’s “Blue Book” and its helpful advice on romantic matters. Well, here’s a clue: Hmm. Here’s another clue: But how can that be? We all know: “There is no Blue Book.” The Lord High Checker of Facts has pronounced. As it happens, Resaleh Towzih al-Masael has been published in Iran in several editions. But the most popular was the paperback edition published by Nashr I Sharia’t of Tehran. It sold for 120 rials. It had some 350 pages, approx 5×7 inches, with a blue cover, featuring a picture of its ever more famous author. A souvenir hardback edition marketed as the perfect New Year gift was subsequently published by Rashidi with a plain blue cover… almost every year this book is published in a different color. But many versions of the “Blue Book” are still out there:     In the relevant passage in her book, Oriana recalls first seeing excerpts from the “Blue Book” in 1979. That’s what it was back then: A blue book. The blue book in revolutionary Iran. It certainly wasn’t a “little green book” as that wasn’t published till 1980. So when she and I refer to the Ayatollah’s “Blue Book” we’re referring to that Nashr I Sharia’t edition of the Resaleh. It was translated into English, unabridged, by J Borujerdi and published in 1984 by Westview in London and Boulder, Colorado under the title A Clarification Of Questions. I was given it a couple of decades ago by the Iranian gal I was then dating. She had a copy of the pocket paperback with the Ayatollah on the cover, and once, when she read out a bit to me, I expressed skepticism that it could really be that wacky.  So a few weeks later she presented me with the English edition. As she explained, these were not just some personal musings from the Ayatollah but a kind of moral compass for the Islamic state. So I didn’t need to “accept someone else’s word for it” on having sex with nine-year-old girls, because, like anyone else who’s taken even a cursory interest in the subject, I’ve known for a long time that, in the Islamic Republic of Iran, girls could be legally married at the age of nine. Article 1041 of the Civil Code states: Marriage before puberty by the permission of the Guardian and on condition of taking into interest the ward’s interest is proper. “Puberty” is defined as “nine full lunar years” – although, in practice, girls as young as seven can be married on the say-so of a doctor. The justification for all this is in the highly elaborate rules of Islamic life. They may sound unlikely to M J Murphy or Prof Miller but the Ayatollah’s “clarification of questions” doesn’t strike most devout Iranian Shi’ites that way. Mr Borujerdi, the English translator, was an Iranian émigré living in Cleveland, and he gave an interview about the book to David Remnick (now the editor of The New Yorker) in The Washington Post in 1985. It’s not available online but M J Murphy and Prof Miller and the Law R Cool nellies are welcome to go to their local reference library and check it out. It’s the Aug 21 issue, page B1: “I did the translation because it gives a very close understanding of the Shiite view of the world,” he said. “The Bantam Press published a very slight version five years ago called The Little Green Book’-just 6 percent of the original-but that was really a joke book, to poke fun at Khomeini and debunk Islam at the beginning of the hostage crisis. In Iran, this book is mandatory for every literate person, a kind of guide to living.” So this is the real deal, not the sensationalist précis but a serious, scholarly  “unabridged translation” designed to provide “a unique picture of the belief structure of Shi’ism“. Mr Borujerdi had no difficulty finding eminent academics to provide an introduction – namely, Professors Mehdi Abedi and Michael Fischer of Rice University in Houston. But he also consulted on the translation and interpretation with many other scholars, among them Professor Wilfred Madelung of the Oriental Institute at Oxford University, Professor Wheeler Thackston of Harvard’s Near Eastern Languages department, Professor William Darrow of Williams College, Professor Vincent McHale of Case Western, Professor Merlin Swartz of Boston University …oh, and Professor Marvin Zonis of the University of Chicago. That would be the same Prof Zonis who was unhappy with The Little Green Book, and thus made M J Murphy unhappy, too. But Prof Zonis is cool with A Clarification Of Questions, so presumably M J Murphy will also be satisfied? Resaleh Towzih al-Masael/A Clarification Of Questions consists of almost 3,000 “problems” for which Ayatollah Khomeini provides answers, plus a few follow-ups he dealt with in subsequent editions. So, just to bring the deplorably unicultural Prof Miller up to speed, the easiest way to get a flavor of the Ayatollah’s book is simply to  sample the contents pages: THE UNCLEANS 1&2. Urine and stool 3. Semen 4. Corpse 5. Blood 6&7. Dog and pig 8. Infidel 9. Wine 10. Beer 11. Sweat of an unlawful ejaculation 12. The sweat of a camel that eats uncleans Hey, Multiculti Man, that would be you at big hit sound number 8: “Infidel” – right behind “Dog and pig” but, if it’s any consolation, ahead of “Sweat of an unlawful ejaculation”. But hang on: ejaculate-wise, the Ayatollah’s just getting cranked up: PRECEPTS OF EJACULATION Things that are unlawful for an ejaculator Things that are loathesome for an ejaculator The bath of ejaculation… So just to reprise: Did I cite Oriana Fallaci accurately? Yes. Did she cite Ayatollah Khomeini accurately? Yes. Is there a volume by the Ayatollah commonly known as the “Blue Book”? Yes  Does it include rulings on sex with nine-year olds and what to do with a shagged sheep? Yes. Did either of us mention a Little Green Book? No. In fact, the translation Oriana cites pre-dates The Little Green Book by a year. I think Professor Waggy-Finger is doing what they call “projecting”. He’s accusing me of everything he’s been doing himself. I took “somebody else’s word for it”. Er, no. That would be you, taking the Sock Puppets’ word for it on my book review. I didn’t check the “primary source”. Er, no. That would be you, cavalierly announcing there’s no such thing as a “Blue Book”. To be more charitable to you than you deserve, you assume that Oriana Fallaci and I so want to think the worst of Islam that we’ll fall for any old hooey. Actually not. On the other hand, you so want to think the worst of us blowhard provocateurs that you assume we’re as ignorant of Islam as you evidently are.  Please follow this on SteynOnline.com

“We won’t have to smell the tourists anymore” — Harry Reid, Democrat Senate Leader

The brand new, $650 million Capitol Visitors Center, which opened this morning, may have tripled its original budget and fallen years behind schedule, but Senate Majority Leader Harry Reid found a silver lining for members of Congress: tourists won’t offend them with their B.O. anymore. — Reported in the  D.C.  Examiner.

“My staff tells me not to say this, but I’m going to say it anyway,” said Reid in his remarks. “In the summer because of the heat and high humidity, you could literally smell the tourists coming into the Capitol. It may be descriptive but it’s true.” “…We won’t have to smell the tourists anymore, the new Capitol Visitors Center is sectioned off.”

Can you imagine if Sarah Palin said that?

The center also has a gift shop. How about T-shrits with Harry Reid’s thoughts?

“We won’t have to smell
the tourists anymore.” 
— Harry Reid, Democrat Senator from Nevada

Joe the plumber is in deep sh*t now for speaking up against Obama

By Mick Gregory

You knew it would happen. Joe the Plumber’s 15 minutes of fame in last night’s debate have turned into a round of public humiliation for the wannabe business owner. The Toledo Blade is reporting that Joe has no plumber’s license.

To make matters worse, the Blade also found that the Ohio Department of Taxation placed a lien against Joe because $1,183 in personal property taxes had not been paid. The piling on has begun. The media is searching for more dirt on Joe. Why aren’t journalists looking at William Ayers and Obama’s ACORN support and the Fannie and Freddie financial disastor with as much vigor?

You know why, don’t you. Welcome to the new United Socialist/Democrat States! Where the media is in lockstep with Big Brother and Senator Government. Make way for a wave of taxes and government control not seen in this country since Jimmy Carter, or LBJ’s Great Society, maybe even FDR’s New Deal. It’s BO’s time.

It took a hard working, average citizen to expose the media propaganda and lack of reporting on Democrat candidate for president, Barack Obama. Rather than report on Obma’s ACORN and William Ayers long-term alliance with Obama’s political support, they turn to ripping into Joe from Ohio.

 

 

We know that more than 90 percent of the major media consider themselves liberal. Even more so, the “minor media” like loser reporters in Scranton and those working for the Stribe.

We know that the small town Scranton fat, homely liberal reporter who made up hearing people at McCain-Palin saying “terrorist,” etc.

Recent Fannie Mae and Freddie Mac executives on Obama’s payroll — Senator Chris Dodd oversees Freddie and Fannie and has received hundreds of thousands in contributions from them. Barney Frank’s lover was a director on Fannie

UPDATE: Oct. 2, 2008

Unqualified home buyers were not the only ones who benefited from Massachusetts Rep. Barney Frank’s efforts to deregulate Fannie Mae throughout the 1990s.

So did Frank’s partner, a Fannie Mae executive at the forefront of the agency’s push to relax lending restrictions.

Enron executives are in prison over much less. In fact far more money was lost to investors after Mr. Frank, trumpeted the great management of Freddie Mack and Fannie May.

We thank Bill O’Reilly for bringing up Barney Frank’s role. Fortunately, we still have a free press in this country. Wait until ’09, if Obama wins he and Nancy Pelosi promise to invoke the “Fairness Doctrine.”

Now that Fannie Mae is at the epicenter of a financial meltdown that threatens the U.S. economy, some are raising new questions about Frank’s relationship with Herb Moses, who was Fannie’s assistant director for product initiatives. Moses worked at the government-sponsored enterprise from 1991 to 1998, while Frank was on the House Banking Committee, which had jurisdiction over Fannie.

Both Frank and Moses assured the Wall Street Journal in 1992 that they took pains to avoid any conflicts of interest. Critics, however, remain skeptical.

“It’s absolutely a conflict,” said Dan Gainor, vice president of the Business & Media Institute. “He was voting on Fannie Mae at a time when he was involved with a Fannie Mae executive. How is that not germane?

“If this had been his ex-wife and he was Republican, I would bet every penny I have – or at least what’s not in the stock market – that this would be considered germane,” added Gainor, a T. Boone Pickens Fellow. “But everybody wants to avoid it because he’s gay. It’s the quintessential double standard.”

Did you read about this in the New York Times, Washington Post or San Francisco Chronicle?

UPDATE: 9/25/08

Countrywide Financial, the biggest U.S. mortgage lender, made large, previously undisclosed home loans to two additional executives of Fannie Mae, the government-chartered firm at the center of the U.S. credit crisis.

This is what Lindsey Graham said on Greta’s show: “And this deal that’s on the table now is not a very good deal. Twenty percent of the money that should go to retire debt that will be created to solve this problem winds up in a housing organization called ACORN that is an absolute ill-run enterprise, and I can’t believe we would take money away from debt retirement to put it in a housing program that doesn’t work.”

Imagine what $140,000,000 can do to for ACORN and the Democrat party?

The FBI is investigating Freddie, Fannie, and AGI.
One of Countrywide’s previously undisclosed customers at Fannie was Jamie Gorelick, an influential Democratic Party figure whose $960,000 mortgage refinancing in 2003 was handled through a program reserved for influential figures and friends of Countrywide’s chief executive at the time, Angelo Mozilo. Ms. Gorelick was Fannie Mae’s vice chairman at the time. [Former Deputy Attorney General Jamie Gorelick, listening to testimony on Capitol Hill in April, got a Countrywide refinancing while at Fannie Mae.] Associated Press

Former Deputy Attorney General Jamie Gorelick, listening to testimony on Capitol Hill in April, got a Countrywide refinancing while at Fannie Mae.

Another Countrywide client was recently ousted Fannie Mae Chief Executive Daniel Mudd, though it isn’t clear whether he received special treatment on two $3 million mortgage refinancings he made when he was the company’s chief operating officer.

In an interview, Ms. Gorelick said she had no knowledge of receiving special treatment. A financial adviser to Mr. Mudd said he received interest rates in line with the prevailing market.

The Fannie loans — including a series of already reported preferential loans to former Fannie chief executives James Johnson and Franklin Raines — underscore the close connections between Countrywide and Fannie Mae and raise potential conflict-of-interest issues.

UPDATE: 9/24/08

Statement by John McCain, May 25, 2006:

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’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.

The OFHEO report also states that Fannie Mae used its political power to lobby Congress in an effort to interfere with the regulator’s examination of the company’s accounting problems. This report comes some weeks after Freddie Mac paid a record $3.8 million fine in a settlement with the Federal Election Commission and restated lobbying disclosure reports from 2004 to 2005. These are entities that have demonstrated over and over again that they are deeply in need of reform.

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.

I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.

I urge my colleagues to support swift action on this GSE reform legislation.

Mac and Mae meltdown. Which Democrats benefited from the quasi-government agencies?

UPDATE: 9/24/2008

Opensecrets.com has looked into the public records of direct contributions from the organizations of Freddie and Fannie, not including the donations from top executives. The FBI is opening major investigations into the actions of the organizations.

Fannie Mae and Freddie Mac Invest in Democrats

Published by Lindsay Renick Mayer on July 16, 2008 5:27 PM | Permalink | Comments (15)

(For an updated chart that includes contributions from Freddie Mac and Fannie Mae’s PACs and employees to ALL lawmakers back to 1989, including to their leadership PACs, go here.) and data The federal government recently announced that it will come to the rescue of Freddie Mac and Fannie Mae, two embattled mortgage buyers that for years have pursued a lobbying strategy to get lawmakers on their side. Both companies have poured money into lobbying and campaign contributions to federal candidates, parties and committees as a general tactic, but they’ve also directed those contributions strategically. In the 2006 election cycle, Fannie Mae was giving 53 percent of its total $1.3 million in contributions to Republicans, who controlled Congress at that time. This cycle, with Democrats in control, they’ve reversed course, giving the party 56 percent of their total $1.1 million in contributions. Similarly, Freddie Mac has given 53 percent of its $555,700 in contributions to Democrats this cycle, compared to the 44 percent it gave during 2006.

Fannie Mae and Freddie Mac have also strategically given more contributions to lawmakers currently sitting on committees that primarily regulate their industry. Fifteen of the 25 lawmakers who have received the most from the two companies combined since the 1990 election sit on either the House Financial Services Committee; the Senate Banking, Housing & Urban Affairs Committee; or the Senate Finance Committee. The others have seats on the powerful Appropriations or Ways & Means committees, are members of the congressional leadership or have run for president. Sen. Chris Dodd (D-Conn.), chairman of the Senate banking committee, has received the most from Fannie and Freddie’s PACs and employees ($133,900 since 1989). Rep. Paul Kanjorski (D-Pa.) has received $65,500. Kanjorski chairs the House Financial Services Subcommittee on Capital Markets, Insurance and Government-Sponsored Enterprises, and Freddie Mac and Fannie Mae are government-sponsored enterprises, or GSEs.
Campaign Contributions, 1989-2008

Top Recipients of Fannie Mae and Freddie Mac

Name	Office	Party/State	Total
1. Dodd, Christopher	S	D-CT	$133,900
2. Kerry, John	S	D-MA	$111,000
3. Obama, Barack	S	D-IL	$105,849
4. Clinton, Hillary	S	D-NY	$75,550
5. Kanjorski, Paul E	H	D-PA	$65,500

This is a story that you won’t read about in the mainstream media. The Clinton administration marching orders to open up home loans to people unqualified, (socialization of home ownership). Today, the Democrats have taken over the U.S. Congress and have a 50/50 chance to take over the White House.

Look into the Barney Frank, Chris Dodd and Barack Obama connection — they have recieved millions of dollars from Fannie Mae and Freddie Mac. Chris Dodd also received a sweet deal from Countrywide. These same people in “public service” are not investigating the corruption. For the past two years, the Democrats have held the majority controlling status of the House and Senate. So they will not turn in their own.

“Freddie and Fannie used huge lobbying budgets and political contributions to keep regulators off their backs.

A group called the Center for Responsive Politics keeps track of which politicians get Fannie and Freddie political contributions. The top three U.S. senators getting big Fannie and Freddie political bucks were Democrats and No. 2 on the list is Sen. Barack Obama.

Fannie and Freddie have been creations of the congressional Democrats and the Clinton White House, designed to make mortgages available to more people and, as it turns out, many people who couldn’t afford them… Now remember: Obama’s ads and stump speeches attack McCain and Republican policies for the current financial turmoil. It is demonstrably not Republican policy and worse, it appears the man attacking McCain — Sen. Obama — was at the head of the line when the piggies lined up at the Fannie and Freddie trough for campaign bucks.

Sen. Barack Obama: No. 2 on the Fannie/Freddie list of favored politicians after just two years in the Senate.

Next time you see that ad, you might notice he fails to mention that part of the Fannie and Freddie problem.”

Now let’s look at Franklin Raines, Barack Obama’s campaign manager — previously a Fannie Mae top executive.

This story is serious but it won’t receive any attention from the mainstream media who benefit from a socialist America and Barack Obama as President.

“Fannie Mae and Freddie Mac have also strategically given more contributions to lawmakers currently sitting on committees that primarily regulate their industry. Fifteen of the 25 lawmakers who have received the most from the two companies combined since the 1990 election sit on either the House Financial Services Committee; the Senate Banking, Housing & Urban Affairs Committee; or the Senate Finance Committee. The others have seats on the powerful Appropriations or Ways & Means committees, are members of the congressional leadership or have run for president. Sen. Chris Dodd (D-Conn.), chairman of the Senate banking committee, has received the most from Fannie and Freddie’s PACs and employees ($133,900 since 1989). Rep. Paul Kanjorski (D-Pa.) has received $65,500. Kanjorski chairs the House Financial Services Subcommittee on Capital Markets, Insurance and Government-Sponsored Enterprises, and Freddie Mac and Fannie Mae are government-sponsored enterprises, or GSEs.”

The names of the top four recipients of Campaign contributions from Fannie and Freddie over the last 10 years is also interesting – Christopher Dodd, John Kerry, Barack Obama and Hillary Clinton (all top Democrats for those keeping a scorecard).

About Franklin Raines and James Johnson

James A. Johnson (born December 24, 1943) is a United States Democratic Party political figure. He was the campaign manager for Walter Mondale’s failed 1984 presidential bid and chaired the vice presidential selection committee for the presidential campaign of John Kerry. He was involved in the vice-presidential selection process for the 2008 Democratic presidential nominee Senator Barack Obama.
Johnson began his career as a faculty member at Princeton University, later moving on to the United States Senate as a staff member and to the Dayton-Hudson Corporation (now Target Corp.) as director of public affairs. He was executive assistant to Vice President Walter Mondale during the entire Carter Administration (1977-1981). Later, he founded and headed Public Strategies, a private consulting firm, from 1981 to 1985 before leaving for Lehman Brothers.

From 1991 to 1998, he served as chairman and chief executive officer of the Federal National Mortgage Association (Fannie Mae), the quasi-public organization that guarantees mortgages for millions of American homeowners. Previously, he was vice chairman of Fannie Mae (1990-1991). An Office of Federal Housing Enterprise Oversight report from September 2004 found that, during Johnson’s tenure as CEO, Fannie Mae had improperly deferred $200 million in expenses. This enabled top executives, including Johnson and his successor, Franklin Raines, to receive substantial bonuses that they would have otherwise not earned.

As of 2006, he is a vice chairman of the private banking firm Perseus LLC, a position he has held since 2001. He is also a board member at Goldman Sachs, Gannett Company, Inc., a media holding group, KB Home, a home construction firm, Target Corporation, Temple-Inland, and UnitedHealth Group.

Johnson has also served as chairman of both the Kennedy Center for the Arts (1996-2004) and the Brookings Institution (1994-2003). He is also a member of the American Academy of Arts and Sciences, the American Friends of Bilderberg, the Council on Foreign Relations, and the Trilateral Commission.

On May 22, Democratic Party officials confidentially divulged that Obama had asked Johnson “to lead the process” for selecting Obama’s running mate.On June 4, 2008, Obama announced the formation of a three person committee to vet vice presidential candidates, including Johnson. However, Johnson soon became a source of controversy when it was reported that he had received loans directly from Angelo Mozilo, the CEO of Countrywide Financial, a company implicated in the U.S. subprime mortgage lending crisis. Although he was not accused of any wrongdoing and was initially defended by Obama on the grounds that he was simply an unpaid volunteer, Johnson announced he would step down from the vice-presidential vetting position on June 11, 2008 in order to avoid being a distraction to Obama’s campaign.

On September 19, the McCain/Palin campaign released an ad showing Obama linked him to Johnson.

What does Don Imus have to say about his old pals? They threw him under the train.

Give us your thoughts, my friends.

Despised San Francisco attorneys in dog-mauling death of their neighbor Diane Whipple are liberal Democrats

UPDATE: Sept. 22, 2008

A judge has sentenced a dog owner to 15 years to life in prison, seven years after her canines fatally mauled her neighbor in an upscale San Francisco neighborhood.A judge had reduced a jury’s conviction of second-degree murder to involuntary manslaughter and Marjorie Knoller was sentenced in 2002 to four years in prison.

But the California Supreme Court last year ordered the second-degree murder conviction reinstated. She was sentenced on that conviction Monday. Knoller’s lawyers plan to appeal.

The conviction stemmed from the 2001 death of Dianne Whipple. She was attacked by Knoller’s two Presa Canarios in a hallway of their apartment building. Each dog weighed more than 100 pounds and inflicted at least 77 wounds.

Here are some details that you may have missed becuase of the media coverups:

The case of the San Francisco dog owners who kept a killer bull mastiff in an apartment are Democrat activists. You might remember this grusome case: Marjorie Knoller was convicted of second-degree murder in the dog-mauling death of her neighbor Diane Whipple. Her husband, Robert Noel was convicted of a lesser charge because he wasn’t at the scene when the killing took place. Both lawyers were and remain active Democrats and also were ‘friends’ of a felon in prison, a member of the Aryan Brotherhood. The case came up again because a liberal judge cleared the Democrat fundraisers of the serious charges. Here is the rest of the story:

By Mick Gregory

The case of Knoller and her husband Robert Noel attracted worldwide media attention, but many of the unique details of the case were filtered out by the press. Did you know they were Democrat activists? They even had witnesses testify to that in their defense, they hate Republicans. (That makes it OK to have killer dogs the size and temperment of lions in a city apartment that end up tearing the throat out of a young woman). They hate Bush and Cheney!

When liberal and openly gay San Francisco Superior Court Judge James Warren threw out Marjorie Knoller’s second-degree murder conviction for the dog-mauling death of her neighbor Diane Whipple, the judge justified his controversial decision by explaining that Knoller did not know her conduct had a “high probability of death to another human being.”

More history on Warren: he is the son of the famous JFK assassination coverup, Earl Warren of the Warren Commission. Two death-bed confessions early this year have brought to light that that VP Lyndon Johnson was behind the assassination. But that is a story for another time.

Knoller and Noel were keeping the two massive dogs for Paul Schneider, a life inmate and member of the Aryan Brotherhood prison gang who bred and sold the Presa Canarios using people outside the prison. The couple later adopted Schneider, then 39 years old. And Mrs. Knoller was having sex with him on prison visits.

Days after the attack, Knoller appeared on “Good Morning America” and showed no remorse. Noel also publicly insulted San Francisco’s then-DA Terence Hallinan and partly blamed Whipple for the attack.

There were sex pictures of the cute couple and their adopted son and news reports of thier anti-Bush activisim. The “journalists” scrubbed that out of their reports.

To the big-spending, do-nothing congress: Change is coming

Sen. John McCain’s blockbuster line: “Let me offer an advance warning to the old, big-spending, do-nothing, me-first-country-second Washington crowd: Change is coming.”

It’s not “global warming” climate change John McCain is talking about, it’s a red-state tide coming in to take back America from European socialists. Democrats, be afraid. Be very afraid.

Change is coming.

Bump from Biden. Not so much.

Pew, NYT, Gallup, Rasmussen, CNN, CNBC and Huffington Post are all scrambling to get a poll out showing a spike in support for their Obama/Biden dream ticket. But so far, silence. That means no bump. Hillary still has a chance in Denver next week.

In fact, Gallup shows McCain up! Can Hillary do anything about it?

It’s official: Barack Obama has received no bounce in voter support out of his selection of Sen. Joe Biden to be his vice presidential running mate.

Gallup Poll Daily tracking from Aug. 23-25, the first three-day period falling entirely after Obama’s Saturday morning vice presidential announcement, shows 46% of national registered voters backing John McCain and 44% supporting Obama, not appreciably different from the previous week’s standing for both candidates. This is the first time since Obama clinched the nomination in early June, though, that McCain has held any kind of advantage over Obama in Gallup Poll Daily tracking.

Obama picks Hillary! Obama picks Hillary! Not!

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Update: It’s Biden. Who said Democrats couldn’t keep a secret?

Obama didn’t want Hillary Clinton and the machine around him for the rest of his life. Can you blame him? Wouldn’t you rather shoot the breeze with Joe Biden? Sure.

By Mick Gregory

With McCain’s lopsided win in the debate held by Rev. Warren in California, the DNC leadership are in a panic. They will try and force Obama to pick Hillary as his running mate.

That’s my prediction. We’ll have to see if Hillary wants to chance it with this stalled campaign. Maybe there is so much worry, that Hillary will get the nomination in Denver. Obama has to nip it in the bud and name Hillary his VP before the revolt takes over the convention and makes Hillary the candidate and Obama has to settle for Veep.

Ralph Nader agrees with me.

“He just has to swallow hard and do what JFK did” in picking rival Lyndon Johnson in 1960, said the liberal activist and maverick presidential candidate.

According to Nader’s logic, Obama may dislike Hillary, but will conclude he has no choice but to get over it if he hopes to leave next week’s convention in Denver with a unified party and a decent shot against John McCain in the fall: “The polls show 25 percent of her supporters have not gotten on board.”

“He’s got to be very concerned by the [neck-and-neck] polls and by what happened at Saddleback,” added Nader, referring to the recent candidates forum hosted by evangelist Rick Warren. “He got beat in Saddleback—big time.”

Nader said his own sources—and, to be blunt, they sound a bit sketchy—lead him to believe that Clinton remains in serious consideration. A friend, he said, recently saw Clinton family intimate Vernon Jordan on Martha’s Vineyard and reported the “usually very effusive” Jordan to be suspiciously “tight-lipped.”

It was only in May that Sen. Barack Obama cockily proclaimed he would debate Sen. John McCain “anywhere, anytime.” But in June, Obama said no to McCain’s challenge to have 10 one-on-one town hall meetings

— ibdeditorials.com.

After what happened at Lake Forest, Calif.’s evangelical Saddleback last Saturday evening, we may have found that debating is Obama’s Achilles’ heel. Whether or not you like the idea of such events being held in religious venues, the plain-and-simple method of questioning used by Saddleback pastor and best-selling author Rick Warren revealed fundamental differences between these two men.

“It’s one of those situations where the devil is in the details,” Obama said at one point. He could have been referring to his own oratorical shortcomings when a teleprompter is unavailable. We learned a lot more about the real Obama at Saddleback than we will next week as he delivers his acceptance speech in Denver before a massive stadium crowd.

The stark differences between the two came through the most on the question of whether there is evil in the world. Obama spoke of evil within America, “in parents who have viciously abused their children.” According to the Democrat, we can’t really erase evil in the world because “that is God’s task.” And we have to “have some humility in how we approach the issue of confronting evil.”

For McCain, with a global war on terror raging, there was no equivocating: We must “defeat” evil. If al-Qaida’s placing of suicide vests on mentally-disabled women and then blowing them up by remote control in a Baghdad market isn’t evil, he asked: “You have to tell me what is.”

Asked to name figures he would rely on for advice, Obama gave the stock answer of family members. McCain pointed to Gen. David Petraeus, Iraq’s scourge of the surge; Democratic Rep. John Lewis, who “had his skull fractured” by white racists while protesting for civil rights in the 60s; plus Internet entrepreneur Meg Whitman, the innovative former CEO of eBay.

When Warren inquired into changes of mind on big issues, Obama fretted about welfare reform; McCain unashamedly said “drilling” — for reasons of national security and economic need.

On taxes, Obama waxed political: “What I’m trying to do is create a sense of balance and fairness in our tax code.” McCain showed an understanding of what drives a free economy: “I don’t want to take any money from the rich. I want everybody to get rich. I don’t believe in class warfare or redistribution of the wealth.”

To any honest observer, the differences between John McCain and Barack Obama have been evident all along. What we saw last weekend was Obama’s shallowness juxtaposed with McCain’s depth, the product of his extraordinary life experience.

It may not have been a debate, but it was one of the most lopsided political contests in memory. — iht.com

I have to agree, this was the most lopsided debate win I’ve seen in my life.

I can’t wait to see a few debates. I know there will be only two or three now. And the Democrats will have to try and put the fix in with the “right” kind of journalists asking the questions.

Ugly racism behind the flight attendant’s lawsuit against Victoria Osteen

Victoria Osteen, the wife of Joel Osteen, best selling author and pastor of the Lakewood mega church was sued by a flight attendant. A jury returned a verdict of innocent, no incident took place.

“If I had to go through this, I could at least be an example of trying to live out what’s right, trying to stand strong and trying to just keep my faith intact,” she said. “I stood strong because I believe in the truth,” she told an AP reporter after the trial.

Victoria Osteen said she never touched Continental Airlines flight attendant Sharon Brown and a jury on Thursday believed her, deciding that the co-pastor of Houston’s Lakewood Church did not “attack” the airline employee. Here are some facts that were left out of the coverage in the mainstream media.

Sharon Brown is an African American who according to co-workers was jumping on the opportunity to embarrass the Osteens into settling out of court for six figures. Brown’s attorney was most likely working on contingency.

The frivolous lawsuit was started while the Duke lacrosse team travesty was taking place.

The dirty secret that has been kept out of the reporting, is that there is in deed racism in America; the “get whitey” brand.

After the jury’s verdict, which came following a week-long trial, Victoria Osteen began to cry and hugged her attorneys and several supporters in the courtroom as she said “thank you God” and “praise God.” The 12 jurors deliberated for just 2 hours.

Brown had testified Victoria Osteen got so upset when a spill on her first-class seat’s armrest was not quickly cleaned up that she threw the flight attendant against a bathroom door and elbowed her in the left breast while attempting to rush into the cockpit.

But Victoria Osteen testified no such incident took place, as did her husband and other first-class passengers. No body saw that dramatic attack in a crowded first class section.

Brown quickly left the courtroom without talking to reporters.

She had been seeking at least $405,000 for actual damages — physical and mental pain as a result of an attack she alleged took place before the start of a December 2005 flight from Houston to Vail, Colo.

The jury’s foreman, Gilles Labbe, said he and other jurors believed what happened on the plane was not an attack but a disagreement between a passenger and one or more flight attendants.

“This lawsuit in my opinion should not have been filed because nothing happened,” he said.

“It’s a great vindication …” he said.

In his closing argument earlier Thursday, Rusty Hardin, Victoria Osteen’s attorney, dismissed Brown’s lawsuit as a made-up story concocted to land a courtroom payday.

In his closing argument, McKamie told jurors that because of Victoria Osteen’s status as a religious leader, she felt she had “favor from God.” That led her to believe she was above reproach for humiliating and assaulting his client, he said.

Besides money for actual damages, Brown had requested punitive damages amounting to 10 percent of Victoria Osteen’s net worth as part of her lawsuit. He said it’s just the sliver of the amount of a Monet painting… That’s all.

Hillary Clinton super delegate assassinated, gunman later killed by police. But that’s not all. Now super delegate Stephanie Tubbs Jones is found brain dead.

A gunman walked into the office of the Arkansas Democratic Party yesterday asked for Bill Gwatney, a close friend of Bill and Hillary Clinton and a Clinton super delegate at the upcoming convention in Denver and fatally shot Gwatney.

Timothy Dale Johnson, the gunman, sped off in a pickup and later was shot dead by police following a 30-mile chase.

UPDATE: Democratic Rep. Stephanie Tubbs Jones of Cleveland, a super delegate and one of Hillary Clinton’s most prominent black supporters, was found in her car unconscious  Tuesday night, Aug. 19.  Today, she is considered brain dead and may be taken off life support this afternoon.

UPDATE 8/21/08: There are conflicting reports out of Cleveland regarding Jones speeding, driving erratically and found dead in her car by police. Other reports state she was not speeding; yet another said she drifted into an open field. Reports differed greatly on her time of death. The cause of death was unanimous, a brain hemorrhage. Jones never regained consciousness to give her account.

 Jones said in a phone interview earlier this year that Hillary Clinton still can do well in the black community in Ohio. “While a large number of black Ohioans might be for Obama, many also think that Clinton is the best Democratic candidate,” Jones said.

Now she will not be able to vote for Hillary.

What are the odds?

Jones was also outspoken on the new electronic Diebold voting machines and possible voter fraud in areas that use  the devices.

Back to Johnson; Little Rock police said they could find no criminal record for Johnson, but the Target, 30 miles north of the city, fired him that morning because he’d scrawled graffiti on a store wall.

Some say it was simply a political statement.

Others have reported that he was angry with the HR department, complaining that Target was run by sorority girls who teamed up against men and him in particular.

Johnson had more than one run-in with the HR department. He complained about a narrow hallway and later wrote on the wall, “This hallway is too *** **** narrow! Other messages believed to be his said “HR is run by sorority ******.

But the Target manager would not confirm.

The victim, Gwatney, a former state senator, was set to travel to the Democratic National Convention in Denver later in a few days as a superdelegate for Sen. Clinton.

One source told The Post he had been “very good” to her during her presidential campaign.

In a statement, the Clintons called Gwatney “not only a strong chairman of Arkansas’ Democratic Party, but he is also a cherished friend and confidant.”

The office where the murder took place was the same one Bill Clinton rented when he made a comeback run for Arkansas governor in 1982.

Johnson walked in and asked to volunteer and wanted to talk to Gwatney.

Don’t drink the Kool Aid. Police reported Wednesday that they found about a pound of cyanide in a Denver hotel room, where the body of a man was discovered. Denver is the location of the Democratic Presidential Convention.

An expert told the Denver Post that the amount of cyanide is enough to kill hundreds of people.

The medical examiner’s office said it is awaiting test results to determine whether cyanide killed 29-year-old Saleman Abdirahman Dirie, a Samali national who recently moved to Canada.

Foul play is not suspected and his death appears to be an isolated incident, according to Denver police.

Foul play? An Islamic Samali national in Denver? So? All is well. Step away. Nothing to see here.

Meanwhile, the chief of staff for Democrat Senator Jim Webb was found shot to death.

Fred Hutchins, Jr., an aide to Sen. Jim Webb — and described as a “rising star” in Virginia Democratic politics — was found shot dead on Tuesday beside a Botetourt County road. A gun was found beneath his body but the medical examiner has not ruled it suicide or murder yet. He was 26 and a longtime political activist.

Sheriff Ronnie Sprinkle said Hutchins’ body was found outside his SUV-type vehicle, on an embankment along U.S. 220 north of the town of Fincastle. He had a single gunshot wound in the head.

GregMitch’s diary

Covering Rielle Hunter and John Edwards was ‘not up to our level of journalism’

The News & Observer editor John Drescher said “We reported aggressively but used restraint when it came to publication.

WTF? Reporting without publishing is not reporting at all. Reminds me of the coverage the News & Observer gave the Duke LaCross team. Both stories will go down in history for showing that the Democrat rags slanted coverage against the college students of a great university in favor of an “exotic dancer” and known drug abuser backed by the local Democrat machine and DA Mike Nifong, to win votes from racists. This is also John Edwards’ home town newspaper.

No problem printing a story about “Office” star Kelly Kapoor spilling over. Right. We get it. It’s getting a little nipply out here.

The public has caught on to the agenda. That’s why the Web is crushing the corrupt newspaper editors Rielle Hunter is aka as Rielly Hunter.

The Edwards coverup helped Obama win nomination, knock out Hillary

It doesn’t take a political insider to figure out that the year-long cover up by the major media of Democrat presidential candidate John Edwards’ duel life cost Hillary Clinton the presidency. The mainstream media ignored the National Enquirer. Blogs caught on and the news of the ego-maniac Edwards couldn’t be shut down.

Can Hillary’s supporters expose who knew about Edwards and Hunter and when? What did Sen. Jim Webb know and when?

 

ABC reports:

Now what will happen  in Denver?

Hillary Clinton would be the Democratic presidential nominee if John Edwards had been caught in his lie about an extramarital affair and forced out of the race last year, insists a top Clinton campaign aide, making a charge that could exacerbate previously existing tensions between the camps of Clinton and Sen. Barack Obama.

(AP Photo)

“I believe we would have won Iowa, and Clinton today would therefore have been the nominee,” former Clinton Communications Director Howard Wolfson told ABCNews.com.

Clinton finished third in the Iowa caucuses barely behind Edwards in second place and Obama in first. The momentum of the insurgent Obama camaign beating two better-known candidates — not to mention an African-American winning in such an overwhelmingly white state — changed the dynamics of the race forever.

The kings of oil increasing production to 10 million barrels a day

The Kingdom of Saudi Arabia, the world’s biggest oil exporter, is planning to increase its output next month by about a half-million barrels of oil a day of its light, sweet crude oil, according to analysts and oil traders who have been informed by Saudi officials. This announcement alone, plus the Republican party political movement called “Drill Here — Drill Now!” is making it into the media. 

The increase could bring Saudi output to a production level of 10 million barrels a day, which, if sustained, would be the kingdom’s highest performance level in history. The move was seen as a sign that the Saudis are becoming increasingly nervous about both the political and economic effect of high oil prices. In recent weeks, soaring fuel costs have incited demonstrations and protests from Italy to Indonesia.

Saudi Arabia is currently pumping 9.45 million barrels a day, which is an increase of about 300,000 barrels from last month.

The Saudis are concerned that today’s record prices might eventually damp economic growth and lead to lower oil demand, as is already happening in the United States and other developed countries. The current prices are also making alternative fuels more viable, threatening the long-term prospects of the oil-based economy. The high prices have also made it profitable to stimulate mature oil wells in Texas and California. 

President Bush visited Saudi Arabia twice this year, pleading with King Abdullah to step up production. While the Saudis resisted the calls then, arguing that the markets were well supplied, they seem to have since concluded that they needed to disrupt the momentum that has been building in commodity markets, sending prices higher. That creates panic. There seems to be no end in sight. 

The Saudi plans were disclosed in interviews with several oil traders and analysts who said that Saudi oil officials had privately conveyed their production plans recently to some traders and companies in the United States. The analysts declined to be identified so as not to be cut off from future information from the Saudis.

Last week, King Abdullah also took the unprecedented step of arranging on short notice a major gathering of oil producers and consumers to address the causes of the price rally. The meeting will be held on June 22 in the Red Sea town of Jeddah.

Oil prices have gained 40 percent this year, rising to nearly $140 a barrel in recent days and driving gasoline costs above $4 a gallon. Some analysts have predicted that prices could reach $200 a barrel this year as oil consumption continues to rise rapidly while supplies lag.

The growing volatility of the markets, including a record one-day gain of $10.75 a barrel last week, has persuaded the Saudis that they need to step in, analysts said. The Saudis and Republicans are the only groups trying to lower the price of crude. But you won’t read that in your mainstream newspaper on watch it on NBC. 

Did you know…

Until recently, only 35 percent of oil has been extracted from reservoirs. Oil resides in porous rock formations, it is not in the sate of underground pools as many consumers believe. Today, oil companies such as Chevron, Shell,  Halliburton and Schlumberger, have developed stimulation methods to revive mature wells. There are fracturing and perforating techniques, 3-D seismic methods to clearly see trapped reservers that have been missed by the original well. There are now, steerable drill bits that can capture those trapped oil reserves and pinpoint stimulation on targeted areas. 

–Mick Gregory