Disqus - Latest Comments for FifthDistrictConservative

Re: Carroll County as a bellwether

FifthDistrictConservative — Tue, 04 Nov 2008 11:52:40 -0000

I love your "traditionally Democratic" county in one sentence and following it up with the fact that it went to George W. Bush in the last two general elections.

As far as boots on the ground, you should add yourself and your newspaper to the pile in support of Obama. In fact, you have often bragged about your access to your savior, Barack Obama.

While you are talking about how the eyes of the world were on Carroll County during the caucuses, how did it slip your mind that C-SPAN2 showed the Republican Caucuses live world wide? Must have.

Even in what should be an unbiased report, you manage to show which side you are on and make no mistake, you're firmly embedded in Obama's camp..

Re: Hubler: Train financial anger on King, GOP

FifthDistrictConservative — Tue, 14 Oct 2008 00:37:24 -0000

Once again, Hubler shows why he is not competent for the position he seeks. You can't resolve problems by ignoring the root causes and casting chaff.

1. The root cause dates back to:the Community Reinvestment Act of 1977 (CRA) under the Carter Administration mandated that banks loan to both neighborhoods that were risky investments as well as home buyers with poor to bad credit in an attempt to spread home ownership.

2. In 1995 under the Clinton Administration the scope and parameters of the CRA were greatly expanded. Then Attorney General Janet Reno threatened criminal prosecution to those institutions who were not expanding their portfolio of loans to those who did not meet the credit standards of conventional mortgages. Also, Andrew Cuomo, the then Secratary of HUD expanded the percentage of said mortgages that Fannie Mae and Freddie Mac (both are GSE's or Government Sponsored Entities) MUST purchase in the open market. This provided the liquidity necessary for lenders to comply with the CMA and its expansion under the full force of the United States Justice Department. Thus the "Sub-Prime" mortgage market was born. Groups like ACORN were given the ability to block any proposed bank merger or opening of a new branch by merely accusing the bank of not complying with the CRA. The CRA carries with it no gauge by which to measure compliance or non compliance. therefore, if a bank needed to do a merger or wanted to open a branch, they had to give a large donation to ACORN and/or loan more money to people who could not pay it back.

3. In 2003 the Bush Administration under the leadership of then Secretary of the Treasury John Snow introduced legislation to reign in Fannie Mae and Freddie Mac. Secretary Snow proposed that there be established a new regulatory agency to oversee these two GSE's. He warned in congressional hearings of a possible impending financial crisis if Fannie and Freddie continued to take on so much financial risk in the form of sub-prime mortgages and overall lowered credit standards. Secretary Snow and the Bush Administration pushed hard for these and other reforms but they were ultimately killed by Rep. Barney Frank (D) who said during a hearing with Secretary Snow that, "There is no crisis. These institutions are financially sound." As well as Sen. Chris Dodd (D) who repeatedly made similar comments. Keep in mind, Barney Frank's live in boyfriend, Herb Moses, was Fannie Mae's assistant director for product initiatives from 1991-1998 while Frank was on the House Banking Committee with jurisdiction over Fannie Mae (nope - no conflict there).

4. In 2005 John McCain, that's correct, John McCain co-sponsored legislation in the US Senate to reign in Fannie and Freddie through essentially the same approach as Sec. Snow: to create a separate government agency to oversee the two GSE's. I heard with my own two ears Sen. McCain speak on the Senate floor in support of his legislation warning of "a systemic risk" Fannie and Freddie posed to the financial system if they were not reigned in. Regrettably, this legislation too was killed by none other than Chris Dodd (D) who lead like minded Democrats who believed this was a civil rights issue, not a financial one.

Which brings us to the present day and the mess we are now in. By the way are you aware that the largest recipient of campaign contributions from Fannie Mae was Sen. Chris Dodd. You'll never guess who number 2 was. That's right, Sen. Barack Obama. Now I ask you, who is responsible for this debacle? You don't have to believe me, but would you believe one of America's preeminent economists who just happens to be an African America? Thomas Sowell wrote the following article entitled: "Do Facts Matter?"
http://townhall.com/columnists/ThomasSowell/200...

Re: Outraged Harkin wants to slow speeding bailout train

FifthDistrictConservative — Sat, 11 Oct 2008 10:39:59 -0000

And yet, he voted for it. Another in the long list of Harkin saying one thing and then doing another.

Re: King still opposes bailout but expects passage

FifthDistrictConservative — Sat, 11 Oct 2008 10:38:03 -0000

Guess he was right again, Doug.

You didn't mention the fact that King opposed the bill because it does NOTHING to fix the problem.

Re: Rural voting expert: ‘Just like you’ effect not as compelling this year

FifthDistrictConservative — Fri, 10 Oct 2008 20:12:11 -0000

Baseless accusations of racism from a Democrat. Golly, that's new.

50% of all black pregnancies in America end in abortion at the hands of Planned Parenthood, founded by racist Margaret Stanger with the distinct desire to exterminate blacks.

Planned Parenthood is supported without limitation by the Democratic Party and, therefore, those who vote for Democrats.

Mr. Burns, an obvious supporter of the Democratic Party, is, therefore, the true racist in his own story.

Re: Ann Coulter: Steve King ‘one of my favorites’

FifthDistrictConservative — Wed, 08 Oct 2008 23:44:25 -0000

The questions of our times...

Would Doug Burns have anything to write about if not for Steve King?

Would Doug Burns have a job it not for his mom owning the newspaper?

Has Doug Burns ever written anything nice about Congressman Steve King? Or is he just a left-wing hate hawker himself?