Barack Obama’s idea to weaken banks

Barack Obama will be having a meeting with CEO’s from the banking industry. One of the topics he will address is their need to lend more. Yes, you heard correctly! If you think this is a little odd, you’re not alone”

“The White House’s political people like [senior adviser David] Axelrod tell us to lend more,” said one banking official. “But the regulators are saying the exact opposite. They’re saying, ramp up your capital ratios, and if you see default risk on the horizon, cut back on lending.”

The recession has been serious, and it was was caused by a myriad of problems. Some of those problems were related to banks extending credit to people who shouldn’t have received a loan, and irresponsible borrowers who took on too much debt. Let’s also remember that many of these financial institutions were under-capitalized. Now that things are slowly starting to improve, what does the administration want to do? Lend more! » read more

Is Mike Huckabee really a conservative who believes in small government?

Mike Huckabee seems a bit confused. In a recent speech, he discussed the future of the Republican party, and he had this to say:

“One of the things that concerns me is that in the United States there is real talk of maybe we need to have this big tent and accommodate every view,” Huckabee said. “That will kill the conservative movement.”

I’m not sure if Mike Huckabee realizes it or not, but the United States only has two major parties. When you have only two parties, you should have a “big tent” to accomodate a broad cross section of the country. If not, your party will get decimated in elections. Of course, if Mike Huckabee really believes in having total agreement on a wide variety of social and fiscal issues, it might lead the GOP to become a powerhouse…among second tier parties. That’s right, it will probably be able to dominate the Libertarian, Green, and Socialist parties in elections. Sure, the Democratic Party will continue to pick up seats at a rapid pace, but at least the dwindling membership of the GOP will be homogenous and won’t have to put up with dissenting voices. You know, those pesky people who contribute to a lively debate. » read more

Great news! The U.S. will only lose $30 billion on the auto industry bailout

I have some great news for you today. Do you remember the $82 billion bailout of the auto industry? Well, the government was expecting to lose $44 billion, but revised figures show that the loss will only be $30 billion! Isn’t that awesome? Yeah, I don’t think so either.

Barack Obama and other socialist-leaning politicians thought the bailout was a great idea, and they still do. The best thing that could have happened would have been to let Chrysler file for bankruptcy, cancel all of their contracts, then reorganize without government assistance. More jobs would have been lost, unions would have been angry, and the companies would have been decimated, but I find that preferrable to the precedent that was set. » read more