Friday, July 10, 2009

The Mouse That Roared


There is perhaps no better symbol of all that is wrong with the Democratic grab bag that was passed under the rubric of "stimulus" than the salt marsh harvest mouse. In a $787 billion bill that was sold as a necessity to restart our economy and keep unemployment from ever going over 8%, precious little of it is actually going to fan the flames of small business and create permanent private sector jobs. Instead, we learn today that $16.1 million of the stimulus is being spent to protect the salt marsh harvest mouse, an endangered rodent that lives in marshes abutting San Francisco.

This from the Washington Times:

. . . The Obama administration quietly announced last week that as much as $16.1 million from the stimulus program is going to save the San Francisco Bay area habitat of, among other things, the endangered salt marsh harvest mouse.

That has revived Republican criticism that the pet project was an "invisible earmark" in the massive spending bill for Mrs. Pelosi, whose San Francisco district abuts the bay, and epitomizes the failure of stimulus spending to help an economy still shedding jobs.

"Lo and behold, the government has announced that the mouse is getting its money after all," House Minority Leader John A. Boehner said while standing beside a poster of the furry varmint. "Speaker Pelosi must be so proud."

The Ohio Republican continued, "So let's get this straight: The stimulus isn't creating jobs for American workers, but it is making sure American harvest mice have nice comfortable homes in the midst of the recession." Mrs. Pelosi's office was quick to dismiss the criticism.

Pelosi spokesman Drew Hammill called the attack on the mouse "a tired and tried tale of Republican desperation," noting that the mouse was never mentioned in the legislation and the project competed with other restoration jobs for funding. Mr. Hammill said the bay project benefited both the economy and the ecosystem.

"Wetlands restoration projects, such as this one, not only create jobs, but improve the environment," he said. "Wetlands filter contaminants from the waters of the bay, protect our shores against sea level rise, and provide habitat for a myriad of wildlife, including several endangered species. . . .

Right. Just how many permanent jobs can we see coming out of this project? What is the possible economic justification for funding this in part on borrowed money? This has nothing to do with the economy and everything to do with a favored project of the left getting funded in the obscene spending - and borrowing - spree that was "stimulus." The picture of this mouse should be made the permanent background for the graphs of unemployment and national debt in America under the Obama administration.







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Heh


Drudge has this pic over the title "Second Stimulus Package." Lol.

I have to give Obama a pass on this one. He may be a radical leftie, but he's a man, and of that gender, the only one's of us who wouldn't have done the same thing are eunuchs or out campaigning for gay marriage.

Update: Apparently, the girl is sixteen years old and from Brazil.

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Thursday, July 9, 2009

Did Obama Do A Quid Pro Quo With Iran?


Iran is still supporting, funding, training surrogates who operate inside of Iraq — flat out. They have not stopped. And I don’t think they will stop. I think they will continue to do that because they are also concerned, in my opinion, of where Iraq is headed. They want to try to gain influence here, and they will continue to do that. I think many of the attacks in Baghdad are from individuals that have been, in fact, funded or trained by the Iranians.

Gen. Raymond T. Odierno, Cdr, Multi-National Forces-Iraq, quoted in Americans Release Iranian Detainees to Iraq, NYT, 9 July 2009

The NYT reports that, today, the U.S. military in Iraq released five senior operatives of Iran's Qods Force / IRGC. The question is why?

Iran cannot coexist with a secular, Shia democracy on their border. It stands for everything that Iran's theocracy is not. Thus, the mad mullahs of the theocracy have shown every willingness to kill and cause mayhem inside Iraq in an effort to turn that country into another Lebanon, ruled by a Shia militia whose loyalty is to Iran's Supreme Guide. The U.S. has been capturing Qods Force / IRGC soldiers in Iraq since 2006. The IRGC members the U.S. captured in Iraq were the men on the ground leading and funding Iran's effort. Iran's theocracy has not, will not, and indeed, cannot stop its efforts in Iraq. So what could possibly justify the U.S. releasing five senior Qods Force/IRGC members to return to Iran. And today, such a policy is thrown into stark relief as the people of Iran are marching in the streets, braving brutal repression at the IRGC.

The NYT claims the release is "unexpected" and difficult to comprehend. The official line is that it was done per a request from the Maliki government, though "senior Iraqi officials seemed to know little about the release." So what gives? Michael Ledeen ties it to the release of Roxana Saberi, and it seems the only explanation that makes sense.

Several weeks ago, Roxana Saberi, a U.S. citizen of Iranian decent, moved to Iran as a reporter where she was eventually made a pawn of Iranian regime. Arrested for espionage, she was subject to a kangaroo trial and ordered jailed for eight years. Days after she was jailed, Ahmedinejad intervened and she was, as the WSJ noted at the time, "unexpectedly released". That was the "quid" - the unanwered question being what was the "pro quo." Today we may well have an answer with the first of what may be numerous releases of Iranian IRGC members in Iraq who orchestrated "deadly attacks" as part of the effort to Lebanize that country.

This from Michael Ledeen:

. . . [I]n an appalling act of appeasement, we released five Revolutionary Guards officers in Iraq, so that they could go to Tehran (and I doubt they will join the nocturnal chanters). . . .

The timing could hardly have been worse, and I’m sure the White House is roundly annoyed that this happened just on a day when the regime’s claws and fangs were so publicly exposed. The White House had set the release up for several days ago, but then the Almighty–in the form of intense sandstorms that made it impossible to fly in and out of Tehran–intervened.

If my information is correct – and I must say I have rarely had a story so vigorously denied by my own government – this is part of the deal for Roxana Saberi, who, you’ll remember, was miraculously released from an Iranian prison a couple of months ago. These IRGC commanders – with, I am told, hundreds of lower-level Iranian terror facilitators to come in the next days and weeks – were Iran’s price for freeing the American hostage.

I had inklings of this, and said so at the time. So I’ll take the opportunity to remind everyone who follows Iranian matters, that the mullahs’ hostages are never released for humanitarian motives. They are ransomed. The only question is the price.

When I asked some folks in the government, about a week ago, if we were preparing to release these people, they acted as if I’d asked if the Vice President were about to convert to Islam. But the releases have started. . . .

At the next briefing on Iraq from Gen. Odierno, he needs to be asked explicitly about this. I cannot see our militrary agreeing to repatriate these individuals who have been reponsible for the killing and maiming of hundreds of U.S. soldiers.

As to Ms. Saberi, her plight was sympathetic, but she had to know before she went there that the mad mullahs were always capable of acting like mad mullahs. Under no circumstances should we have agreed to release Qods Force members to secure her freedom. That said, it is an act I would not in the least put past the Obama administration.








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Today In Tehran (Updated)


One 26 year old engineering student said: “tell the world what is happening here. This is our revolution. We will not give up.” Asked what he wanted he said “We want democracy.”


Report from Tehran, The NYT Lede, July 7, 2009

Today is the tenth anniversary of the student riots that took place after basij raided the dormitories of Tehran University. Mousavi had called for protests today, and they are happening - with chants of "Death to the Dictator" and "Death to Khameini's Son." The son of Iran mid-level cleric cum Supreme Guide, Ali Khamini, is now leading the Basij, Iran's brutal version of the Nazi Brownshirts. Meanwhile, our own feckless President and his party are turning their backs on Iran. NIAC is reporting that, "last night, the U.S. Congress shelved a controversial motion to restore $75 million in funding for regime change in Iran." Moreover, Obama, who had taken the wrong-headed stance against imposing any further international sanctions on the theocracy over their fradulent election and brutal repression of their citizens, succeeded - the G-8 went so far as to express their concern. Leadership, eh?

Meanwhile . . .







This from two messages sent to the NYT Lede by an individual who has provided reliable information in the past:

The phones are completely out. I’m hiding in an international hotel…. riot police wanted to break in but the managers convinced them. The crowd is running in the thousands, starting in Enqelab where riot police and basij started beating people. Saw one middle-age woman with blood stains. Then they pushed up kargar st to laleh park, squads of 25 police would run up the streets with batons beating people. I hid in a clock shop, like many other people who would hide in street shops and come out once these attack squads went up the streets.

Fires of trash are burning in main streets. Everyone honking, women and men of all ages out, even kids in cars (most families have driven their cars and blocked the streets). No phone so hoping there will be internet later. One 55-year-old housewife said to me proudly “This is Iran. We are all together,” in front of Fatemi street where the crowd stretches as far as the eye can see, but again crowd is moving because riot police is moving as well as the basij on motorcycles. Lots of people chanting “Down with Dictator!” and “Moussavi! Moussavi!” and “God is Almighty.”

. . . The crowds are too huge to contain. Riot police running up and down Fatemi Street beating people, barely got out of the way. The crowds just get out of their way and come back. Saw two undercover Basij, one was actually a late 40s businessman in a suit, whipped out a collapsible metal baton and started beating someone with a camera. He was beaten until the baton broke, another Basij came on motorcycle to help but crowds started surging and booed them away. Someone threw a water bottle but otherwise crowd is peaceful — keep chanting “Please Stop!” and chased the two Basij away.

Then riot police came back up. More fires in the street as trash and various containers are burned. Tear gas everywhere, no gunshots yet I think but again undercover Basij everywhere. Again I stress crowds in thousands and this is just one street. One 27-year guy in black shirt said “We don’t want war. We just want freedoms. Here, [he signals getting shot] no matter. Down with the dictator,” and people joining in the chant. Also [chanting] “God is Great!”

The main theme is that people are surprisingly non-violent. They seem very hopeful and energetic. People from all levels of society are out. No one is throwing rocks but people have been setting fires in the street.

And this from Michael Ledeen, giving his final update of the day:

4:30 PM (last reliable information I’m going to have today, I think). Khamenei was told the following:

* massive demonstrations
* 3 killed
* 78 known as seriously wounded, many broken bones and ruptured internal organs, several may not make it; other wounded may have disappeared
* 600 arrests

SPECIAL MESSAGE FROM OPPOSITION: “please tell the world about these atrocities; people did nothing, silence, no provocations, no violence but fierce attacks by the government forces.”








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The "Recovery" That Isin't

The latest Republican ad - not a bad effort



Meanwhile, USA Today is reporting that Obama continues a practice from ancient antiquity - that of tyrants distibuting the spoils to their favored subjects in order to cement their power. We saw Obama do it with the extra-constitutional favoring of unions over preferred debt holders with GM and Chrysler, and now we see it being played out in the stimulus. Specifically, when the USA today charts where the stimulus money has gone, they find that those locales that supported Obama are raking in $69 per person, those that supported McCain are getting less than half of that at $34 per person.

At least Obama is tanking in the polls. This from Rasmussen:

The Rasmussen Reports daily Presidential Tracking Poll for Thursday shows that 30% of the nation's voters now Strongly Approve of the way that Barack Obama is performing his role as President. Thirty-eight percent (38%) Strongly Disapprove giving Obama a Presidential Approval Index rating of –8. The President’s Approval Index rating has fallen six points since release of a disappointing jobs report last week (see trends).

Thirty-nine percent (39%) now give the President good or excellent marks for handling the economy while 43% say he is doing a poor job. Those are by far his lowest ratings yet on the economy . . .

Thirty-four percent (34%) of voters nationwide say the U.S. is heading in the right direction, the lowest level of optimism since mid-March. The Rasmussen Index shows consumer and investor confidence are down again today reaching the lowest level in three months. The Discover U.S. Spending Monitor fell for the first time in three months. A Rasmussen video report notes that 46% want the government to stay out of the housing market. . . .

As to the last mentioned by Rasmussen, while it was government involvment in the mortgage industry that gave us our current economic meltdown (see here and here) - specifically, social engineering of lending standards in order to achieve racial quotas - Obama has big plans for expanding that bit of social engineering.

(H/T Gateway, Gateway, Gateway)





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Republicans Highlight The Fannie & Freddie Failures But Need More


The Republican members of the House Oversight Committee have issued a 29 page report dealing with the subprime meltdown. You can find it here. While it does tell the tale, it goes nowhere near far enough in many respects. It does not do enough to highlight the foreseeability of this mortgage meltdown, nor does it do enough to highlight the culpability of Democrats in the House and Senate, Barney Frank in particular. (For more on those topics, see my post, Hurricane Subprime) Most importantly, the House report does not put the mortgage meltdown in the larger context of economic meltdown we are facing today.

As the report sums up:

The housing bubble that burst in 2007 and led to a financial crisis can be traced back to federal government intervention in the U.S. housing market intended to help provide homeownership opportunities for more Americans. This intervention began with two government-backed corporations, Fannie Mae and Freddie Mac, which privatized their profits but socialized their risks, creating powerful incentives for them to act recklessly and exposing taxpayers to tremendous losses. Government intervention also created “affordable” but dangerous lending policies which encouraged lower down payments, looser underwriting standards and higher leverage. Finally, government intervention created a nexus of vested interests – politicians, lenders and lobbyists – who profited from the “affordable” housing market and acted to kill reforms. In the short run, this government intervention was successful in its stated goal – raising the national homeownership rate. However, the ultimate effect was to create a mortgage tsunami that wrought devastation on the American people and economy. While government intervention was not the sole cause of the financial crisis, its role was significant and has received too little attention.

All of that is good for as far as it goes, but this report simply is far too narrow. Republicans still are not putting the "subprime meltdown" in the context of the larger economic meltdown that we are facing. They are still ceding to the Democrats by their silence the larger narrative of Democrats that our economic crisis is ultimately a failure of capitalist markets and caused by deregulation.

None of that is true. At the heart of the subprime meltdown was social engineering through government regulation. Without the subprime meltdown, we simply do not suffer our current economic crisis. That was the big domino that has knocked down all the other dominos. The failure of bond rating companies to accurately assess the risk of mortgage backed securities was a related major culprit. Mark to market accounting rules then made this whole matter exponentially worse, creating a market value of zero for a significant portion of mortgage backed securities. I could go on, but I am so tired of screaming about this while our Republicans in Congress - those who should be doing the screaming - sit on their thumbs.

Unfortunately, Obama is using the left's narrative for a massive expansion of government control of our economy. He is even pushing a vast expansion of the CRA and racially charged lending requirements. It is insanity. It is like prescribing a diet of butter and lard for a heart attack victim. But it will happen if this is the best the Republicans can do as a counternarrative. And if so, we are in deep trouble.








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