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Showing posts from October 9, 2008

Community Organized Crime

Suddenly the nondescript profession of "community organizer" has a PR problem. The offices of ACORN, the Association of Community Organizers for Reform Now, (essentially a bunch of government funded angry liberals with clip boards) were raided by federal authorities seeking evidence of voter fraud. Its alleged that these moral giants are accused of submitting false voter registration forms with duplicate names. News came today that the investigation has widened to offices in five other states including Ohio and Missouri. ACORN specializes in registering low income voters (i.e. Democrats). They require their employees to register 20 voters per day at the risk of not being paid-talk about voting for change. According to reports, ACORN canvassed soup kitchens and homeless shelters seeking voters. During previous elections, volunteers have loaded up their vehicles with the homeless and drove them to polling stations. This further confirms a deeply held belief of many years: It se

The Looming Financial Holocaust

Since the bailout bill was passed a week and a half ago, the stock market has dropped like a bowling ball off the Sears Tower. The Dow is now at 9,000! One year ago today, the Dow stood at over 14,000. We seem to be on the brink of a global financial meltdown with no end in sight. In the past week the British and Irish governments intervened to prop up their banking systems. The Icelandic government took over its 3rd largest bank, Glitnir to avoid a collapse. Now there is word that a ''Global Financial Summit" has is being discussed to deal with the crisis. Ordinarily I would be optimistic about America's ability to rebound from financial turmoil. After all, we have been through this before. There was the panic of 1907, the great depression from 1929 to the early 1940's, there was the Savings & Loan collapse of the mid 1980's, the stock market crash of 1987 and last but certainly not least the September 11Th terrorist attacks. Trading was halted after the