The Long Knives

Minnesota Congresswoman Michele Bachmann roared out of the gate in the GOP presidential sweepstakes by winning the Iowa straw poll, which proved a knockout punch for fellow Minnesota candidate Tim Pawlenty.

Out came the long knives.

Don't blame it all on those intellectually challenged Democrats. Sharpened knives from the Progressives is what is at foot here, and regrettably this includes the Republican establishment, often referred to as RHINO's or Rockefeller Republicans. They have no interest in a Conservative woman who is a favorite of the Tea Party. After all, these folks are Progressives.

Bachmann got firebombed, complete with a hit piece cover story by Newsweek magazine. Add in a few gaffes on the campaign trail, and being labeled "crazy" by the lame stream media and down went the numbers.

Texas Governor Rick Perry jumped in the race, a Conservative with a great track record on job creation. In actual fact, Perry did not need the media to derail his campaign, thanks to some very poor debate efforts. Even so, he got hit on several fronts.

After all this carnage, former Godfathers Pizza Chairman Herman Cain got tremendous traction. Cain is very charismatic, and he unleashed a bold plan to reconstruct our inefficient tax system to rave reviews. Although Cain has been employed in several high profile capacities, his time at the National Restaurant Association supsiciously brought out of the woodwork four women accusing him of sexual harassment. Cain has suffered in the polls, as doubt has been created. Doubt can be most destructive, as brilliantly described in the 2005 award winning Broadway play by John Patrick Shanley.

Enter Newt Gingrich, the smartest man in the room. Newt readily admits he carries pounds of baggage, some deserved and some not. At any rate, with Gingrich out front, where will the knife come from?

Freddie Mac.

Gingrich consulted Freddie Mac, for a fee if you can imagine that, and this has the media in a tailspin. Given the problems to our economy caused by the back holes known as Fannie and Freddie, the media has concluded that folks who consulted these GSE's are eliminated from consideration of our highest office. Only if you are a Republican that is.

Never mind, nothing to see here, that several key figures in the Obama administration have very suspect backgrounds running, not consulting, Fannie and Freddie. See the following:

The New York Times David Brooks, who is a Republican impostor, describes James Johnson's relationship with Fannie Mae. Bloomberg Busninessweek outlines Franklin Raines story. Former Obama COS Rahm Emanuel was Director of Freddie Mac during scandal, reports ABC News. Peter Schwiezer's new book "Throw Them All Out" alleges insider trading. Jamie Gorelick, rumored to under consideration by Obama for Attorney General, is appropriately labeled the Mistress of Disaster, in part due to her role as Vice Chairman of Fannie Mae.

Michele Bachmann has said that the media is choosing the Republican candidate for 2012. Thus far, Congresswoman Bachmann is nothing short of correct.

The progressives, both Republican and Democrat, are carving up the playing field so each side fields a candidate that allows the game to continue to be played. Playing games is exactly what the electorate in this country is tired of, but it is important to note the establishment of both of these parties is not interested in what the electorate thinks, just expanding control over them.

Seeking a candidate who is an ejection from the system is the most attractive in my view, and that type of candidate is who they will stop at just about nothing to prohibit from winning. Think outside the box, and do not let the media poison your mind while these candidates, each far superior to Obama, stand in the line of fire.

Victims We All Know Well

It has been well documented, and I do not have to tell you, that the intervention of the government in the housing market has resulted in an economic disaster rivaling any of our day. Unfortunately, it is far from conclusion, and sadly, it was an orchestrated event.

The ripple affect of this catastrophe is simply mind boggling. Families being devastated by losing their is the face of the crisis, but the problems only begin there. Family wage earners have been caught in the tsunami of unemployment, smothering any attempts at digging out the hole. Home values have been decimated to such an extent that re-financing, even if qualified, is not an option.

Government intrusion is not the only culprit in this crash, with money center banks, fraudulent mortgage brokers and appraisers and Wall Street investors all playing a role. Certainly, although you will not read about in the media, let us not forget the American citizenry who bought homes they could not dream of affording.

On Sunday night, 60 Minutes presented a strong story on banks misrepresentation as part of their foreclosure efforts. Although 60 Minutes has presented a handful of stories on the housing crisis of late, they are quick to vilify Wall Street but never get around to placing any blame on government, or heaven forbid, President Obama. Perhaps Scott Pelley is unaware of the role of ACORN, who Obama remains closely associated with.

There are many victims, including those who have lost homes and jobs, who are close to each of us. Most, if not all the culprits, secured golden parachutes and remain free to wreak havoc on the next group of victims. Jamie Gorelick, Franklin Raines and Andrew Cuomo come to mind.

The amount of fraud in the housing crisis is staggering, and this piece details only one aspect of it, but it is well worth you taking time out to get brushed up how this fraud continues to haunt our lives.

Fundamental Transformation: Evil Looms

Treasury Secretary Timothy Geithner's response to the question of addressing Fannie and Freddie by Joe Scarborough on Morning Joe caught my ear. Roll the tape:



Exactly how is the Obama administration going take a look at the entire housing market? How will they change the system completely? What regulatory steps will be taken to make the market more affordable and stable?

Clearly, Geithner is speaking of governmental intervention instead of allowing free markets to dictate, which is the action that should be taken. In case your are new to the issue of the housing crisis, government intervention is the central culprit in the problem.

I wondered if the government was going to take aim at limiting risk. Risk is an essential, and measurable, component in markets. Risk measures the variation in anticipated outcomes. Most home buyers in the last decade had never seen housing prices extend past a standard level of deviation, much less seen home values crash. Therefore, they anticipated that the risk of such an event were close to zero, even though as prices extended above measurable moving averages, risk increased.

Through Fannie and Freddie, the government controls almost 70% of residential home mortgages. The biggest player, and in most cases, the only player in town, these GSE's can dictate terms for lending, and through this mechanism, control risk.

Enter Glenn Beck, who in all seriousness these days is Inspector Clouseau and Woodward and Bernstein wrapped into one, and the evil plans of our government are exposed. Beck outlined a series of coincidences, that are actually not coincidences, that are extremely alarming. Please listen carefully to the following segment of The Glenn Beck Program from this past Tuesday:



The Examiner has more on this startling report at Examiner.com.

The administration has stated they never want to see a crisis go to waste. As I see it, the housing crisis, created in large measure by the government, appears to be a vehicle through which the government will implement cap and trade policies through regulatory actions on residential housing through the mortgage holder Fannie & Freddie. Remember the article recently in The American Thinker? Politico has more and this has been looming for some time.

The regulatory actions placed on residential housing will likely be a carbon tax based on the energy efficiency score placed on your residence. Interest rates, through the GSE's, if you can get them, will likely be based on your score as well. Keep in mind regulations that already exist for mortgaged properties, such as certain levels of property insurance. The slope is getting real slippery.

Forget that global warming is a hoax whose real purpose is provide a vehicle for the global transformation of wealth. Under this false premise, regulatory action on residential housing, enforced by the EPA, will tax residential property owners to fund this transformation.

While if voted in with corrupt measures like the Health Care bill was, it likely won't be illegal, but the actions of former Fannie Mae CEO and Obama transition team consultant Franklin Raines may well be. At any rate, this nonsense has simply got to stop, as our country is being run into the ground on purpose by Progressive global warming moonbats.

Obama proclaimed he is going to transform the Untied States of America. Into what, I am not sure, but into something our founding fathers would strongly resist. Wake your neighbors up before it is too late!