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Posts Tagged ‘George W. Bush’

World Series, Game 4

October 31, 2010 1 comment

Saw this as it happened live.

Jim Hoft at GWP has video of Presidents George H.W. Bush and George W. Bush throw out the first pitch:

People genuinely love these men.  What a great moment.

Wikileaks document dump shows there were WMDs in Iraq

October 24, 2010 Leave a comment

Another left-wing lie to the trash heap:

By late 2003, even the Bush White House’s staunchest defenders were starting to give up on the idea that there were weapons of mass destruction in Iraq.

But for years afterward, WikiLeaks’ newly-released Iraq war documents reveal, U.S. troops continued to find chemical weapons labs, encounter insurgent specialists in toxins, and uncover weapons of mass destruction.

An initial glance at the WikiLeaks war logs doesn’t reveal evidence of some massive WMD program by the Saddam Hussein regime — the Bush administration’s most (in)famous rationale for invading Iraq. But chemical weapons, especially, did not vanish from the Iraqi battlefield. Remnants of Saddam’s toxic arsenal, largely destroyed after the Gulf War, remained. Jihadists, insurgents and foreign (possibly Iranian) agitators turned to these stockpiles during the Iraq conflict — and may have brewed up their own deadly agents.

In August 2004, for instance, American forces surreptitiously purchased what they believed to be containers of liquid sulfur mustard, a toxic “blister agent” used as a chemical weapon since World War I. The troops tested the liquid, and “reported two positive results for blister.” The chemical was then “triple-sealed and transported to a secure site” outside their base.

Three months later, in northern Iraq, U.S. scouts went to look in on a “chemical weapons” complex. “One of the bunkers has been tampered with,” they write. “The integrity of the seal [around the complex] appears intact, but it seems someone is interesting in trying to get into the bunkers.”

Meanwhile, the second battle of Fallujah was raging in Anbar province. In the southeastern corner of the city, American forces came across a “house with a chemical lab … substances found are similar to ones (in lesser quantities located a previous chemical lab.” The following day, there’s a call in another part of the city for explosive experts to dispose of a “chemical cache.”

Nearly three years later, American troops were still finding WMD in the region. An armored Buffalo vehicle unearthed a cache of artillery shells “that was covered by sacks and leaves under an Iraqi Community Watch checkpoint. “The 155mm rounds are filled with an unknown liquid, and several of which are leaking a black tar-like substance.” Initial tests were inconclusive. But later, “the rounds tested positive for mustard.”

Will the media hold itself accountable and call itself out on the lies and the misinformation over the last seven-plus years regarding the Iraq War?  What about the left and their venomous tirades against President Bush?  Don’t hold your breath.

President Bush at the University of Texas

October 20, 2010 Leave a comment

An SRO crowd and a few standing ovations for President Bush:

Former President George W. Bush pulled back the curtain of the Oval Office and gave East Texans a picture of what his job was like during the high and low points.

With trademark humor and conviction, he said he sought to lead with vision and optimism and to leave the office equal to or better than it was when he arrived.

“Here’s what you learn,” he said. “You realize you’re not it. You’re a part of something bigger than yourself.”

Talk about modesty.  “Bigger than yourself”.  After everything he put up with, the relentless attacks and insults by the media and the hateful Left, the idiots in Congress, etc., the guy still has class and modesty.

Compare that with the current occupant of the White House, with all the arrogance and snobbery, the sense of entitlement and avarice.  “Don’t make me look bad…“, Obama says when talking to supporters and trying to get out the vote.  His legacy is at stake.
Categories: Politics Tags: ,

Democrats running the mortgage market into the ground. Again.

May 26, 2010 Leave a comment

Remember during the 2008 campaign when Democrats couldn’t stop telling us how the Bush administration and Republicans caused the mortgage crisis?  And how Barack Obama and Democratic majorities in both houses of congress was the only way to heal the mortgage market? 

Yeah, about that:

Loans guaranteed by the Federal Housing Administration, the U.S.-owned mortgage insurer, may be involved in more home-purchase transactions than borrowing financed by Fannie Mae and Freddie Mac.

The FHA and Fannie Mae and Freddie Mac, which regulators seized in 2008, have been financing more than 90 percent of U.S. home lending after a retreat by banks and the collapse of the market for mortgage bonds without government-backed guarantees.

FHA lending last quarter may have topped the combined volume of government-supported Fannie Mae and Freddie Mac in a home-lending market that’s still a “government-financed market,” David Stevens, the agency’s head, said today at a conference in New York, citing research by consultant Potomac Partners.

“This is a market purely on life support, sustained by the federal government,” he said at the Mortgage Bankers Association conference. “Having FHA do this much volume is a sign of a very sick system.”

The FHA, which backs loans with down payments as low as 3.5 percent, insured $52.5 billion of home-purchase mortgages in the first quarter, compared with $46 billion of purchases of the debt by Fannie Mae and Freddie Mac, according to data compiled by Washington-based Potomac Partners.

Got that? Very. Sick.

As much as the American people and our elected overlords in Washington would like to just wish the mortgage mess away, the reality is that there still is a mortgage mess.

The GSEs are accumulating mortgage loans and are housing them off the books of the federal budget.  In other words, the liabilities are off-balance sheet items, and the risk is swept under the rug.  But now the rug is one big bloated rug, bursting at the corners. 

The Federal government now holds the majority of mortgage loans in the United States, and with delinquencies on the rise, guess who’ll  be left holding the bag when the whole thing comes crumbling down?  Yours truly. 

But let’s see now.  The Democrats have essentially been in control of the Federal government for the better part of three years now.  They’ve had the majorities and the wherewithal to shape economic policy to their liking.  And the mortgage market is still in the toilet.

Miss Bush yet?

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