May 13, 2013
David G. Savage:
Church-state, literally? Supreme Court weighing public school graduation in a church
May 10, 2013
Rabbi Berel Wein: Be all that you should be
May 8, 2013
Peter Ford: Why China is welcoming both Israel's Netanyahu and Palestinians' Abbas
Obama administration quietly backs out of appeal over new contraceptive mandate
At Kerry-Putin meeting, US-Russia relations thaw --- a tad
The Kosher Gourmet by Leela Cyd Ross :
Almost too pretty to eat, this colorful salad with Sicilian inspiration will tickle the taste buds and delight your visual sensibility
May 6, 2013
May 3, 2013
Kids, kittens the Same?
With employee perks at struggling Internet pioneer Yahoo! it's hard to tell
Artificial kidney offers hope to patients tethered to a dialysis machine
April 29, 2013
Poland's new Jewish museum celebrates life, doesn't revisit Holocaust
Terrorism in America: Is US missing a chance to learn from failed plots?
Boston Bomber's 'Svengali' Revealed
Tiny satellites + cellphones = cheaper 'eyes in the sky' for NASA
April 26, 2013
Clifford D. May:
Defense in the Age of Jihadist Terrorism
Sharon Palmer, R.D.:
How to feel your best -- with plenty of energy, a healthy weight and optimal mental and physical function -- without driving yourself batty
April 24, 2013
Admit it: No one has any idea what's going on
April 22, 2013
US man departing country arrested on terror charges
An unorthodox but growing treatment in a 9-year-old's battle against cancer
April 19, 2013
Caroline B. Glick:
Why Obama's visit to Israel had no impact on public opinion or government policy
Gold collapse: The start of something big?
Livable super-Earths? Two candidates among Kepler's latest finds
April 17, 2013
Too much of a good thing? 'Palestinians' realize downside of foreign aid boom
BAD NEWS: EVERYONE IS RIGHT!
April 15, 2013
Egyptian Christians respond with harsh words to attack -- rocks, Molotov cocktails, and gunfire -- against main cathedral
Marcy Darnovsky and Karuna Jaggar:
High Court to decide if you should own your DNA
US bracing for more Russian blowback after taking action against 18 more human rights violators
April 12, 2013
New cybersecurity bill: Privacy threat or crucial band-aid?
Jewz in the Newz by Nate Bloom:
The Kosher Gourmet by Susan Russo:
Jackie Robinson's Friend, Hank Greenberg; CNN's Jake Tapper; Texas County in the News is named for 19thC. Jewish soldier and Congressman
FRUITY QUINOA STUFFED PEPPERS: A flavorful, colorful and edible vessel of delicately fluffy, mildly nutty filling combined with chewy apricots, tangy cherries, and crunchy pistachios
April 10, 2013
North Korean missiles: Could US shoot them down?
Warning: Don't waste your capital being fooled by profit prophets
Donald Hensrud, M.D.:
Mayo Clinic Medical Edge: Take vitamin supplements with caution --- even approved, they may actually do damage
74 DNA discoveries move cure closer for three cancers
April 8, 2013
Jonathan Tobin: What Part of No Preconditions Do American Jews Not Get?
Is Putin finally trading his own party for a new power base?
Jewish World Review
Dec. 5, 2007
/ 25 Kislev 5768
Bad Medicine: Hillarycare for the Housing Market
If you thought Hillary Clinton's government takeover plan for health care was bad, wait 'til you see what she has in store for the housing sector. As always with the Clintons, the market is the problem and Big Nanny is the solution. Unfortunately for taxpayers, Hillary has bipartisan company in the Bush administration on this issue. Their election season prescription? Rewarding bad behavior. Punishing responsible behavior. Doing more harm than good.
In case you've been living in a cave, there's a painful credit crunch underway. The culprit is the subprime mortgage a species of risky home loans to buyers with dubious credit and income. Cash-rich lenders doled out the subprimes hoping rising home prices would compensate for any failed bets. But when housing prices started plummeting and interest rates began rising, many borrowers started defaulting. Insolvency looms for countless lenders.
Instead of letting lenders and subprime mortgage-holders suffer the consequences of their actions, politicians and grievance-mongers are riding to the supposed rescue. In a supreme irony, the very same champions of the needy in the Democrat Party who complain constantly about the lack of "affordable housing" are now fighting tooth and nail to keep housing prices high.
To "cure" the housing crisis, Hillary wants a 90-day moratorium on foreclosures for homeowners who default on subprimes. In addition, she wants a five-year freeze on the monthly rate for subprime adjustable mortgages. While she demonizes lenders as predatory out of one side of her mouth, the other side of her mouth is floating legislation to protect lenders from lawsuits and let them convert certain mortgages into "stable, affordable loans." On top of all that federal meddling, she proposes a $5 billion yes, that's "billion" with a "b" fund to "help communities suffering from high rates of foreclosures."
Jesse Jackson is also stirring the pot. With subprime victim sob stories flooding the news and anecdotes of minority homeowners in trouble, there's no way the shakedown king could stay away. But the subprime mess isn't a result of ruthless racial discrimination. If anything, it's the result of too little discrimination by lenders too willing and eager to sign on people who had no business taking on mortgages. (And you know Jesse Jackson would be screaming either way. The lenders are damned if they lend and damned if they don't.)
Let's boil this down to fundamentals: Why should the rest of us have to shoulder the burden because some buyers made poor choices, overextended themselves and bought more house than they could afford? Why should other business owners bear the costs of lenders' failed bets? And why are falling home prices such a catastrophe to be "fixed" in the first place? Sacramento Bee columnist Daniel Weintraub put it well:
"It is great news when the price of energy, food, transportation, health care and consumer electronics drops. But for some reason it is bad news when the price of shelter drops. . . . Shouldn't we be seeing stories filled with anecdotes about formerly priced-out middle-income families finally getting their chance at the American Dream?"
There's another side of the housing crunch equation that's not making it onto the newspaper front pages and presidential campaign websites. "For every house sold because the buyer couldn't make the payments," Weintraub notes, "there is a buyer on the other end of that transaction who got a good deal. And for every foreclosure, there are probably 10 buyers of nearby homes who benefited from the general easing of house-price pressure." Bingo.
Fiscal conservatives ought to be balking at Hillarycare for housing. But President Bush's treasury secretary, Hank Paulson, is singing a similar tune. He proposed a new safety net to stem the tide of home foreclosures through a bailout plan for homeowners with bad credit scores. They'd be eligible for relief from paying hundreds of dollars in additional monthly payments when their mortgage rates reset. Those who have been responsible enough to maintain good credit, however, will be out of luck. In addition, Federal Reserve Chairman Ben Bernanke has proposed that government-sponsored mortgage enterprises Fannie Mae and Freddie Mac be allowed to raise their loan limits and have their debt explicitly guaranteed by the public dole.
Lawmakers on both sides of the aisle are colluding to protect the reckless and keep home prices high on the backs of prudent taxpayers. Who'll bail us out from this perversion of the American Dream?
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Michelle Malkin Archives
In Unhinged: Liberals Gone Wild
adj : affected with madness or insanity; [syn: brainsick, crazy, demented, distracted, disturbed, mad, sick, unbalanced]
The American Heritage Dictionary
*** Warning: Unhinged liberals are hazardous to the nation's health.
They're slashing your tires. Burning your lawns. Heaving pies at Republican pundits. Hurling racist epithets at minority conservatives. Nursing nutty conspiracy theories. And pining publicly for the murder of President Bush.
And they call us crazy?
In In Unhinged: Liberals Gone Wild, Michelle Malkin plays conservative Margaret Mead to the alien political creatures of the American Left. With uproarious detail and rollicking reportage, Malkin chronicles the bizarre world of leftists gone mad in their natural habitats: the mainstream media, academia, Hollywood, and Washington.
Unhinged unmasks liberals who've completely abandoned rationality and reality. They're taking chainsaws and bayonets to campaign signs. Running down political opponents with their cars. Setting fire to political opponents in effigy. Defacing war memorials. Swiping yellow ribbons off cars. And supporting the fragging of American troops.
In Unhinged, you'll meet:
- The Top 10 Unhinged Leftists, Celebrities, Media Liberals, and Politicians. - The Pennsylvania Democrat who repeatedly screamed "faggot" at his Republican opponents on the Senate floor. - The Florida Democrat who tried to run down former Florida Secretary of State Katherine Harris with his Cadillac. - The Democrat congressman who claimed the capture of Saddam Hussein was staged by GOP operatives to help the Bush re-election campaign. - The veteran newsman who claimed that Bush advisor Karl Rove and Osama bin Laden are working hand-in-hand to help the Republican Party. - And hundreds more unhinged liberals gone wild!
With wit, wisdom, and a bullet-proof vest, Michelle Malkin ruthlessly and raucously skewers the myths of liberal tolerance, peace, and civility. Unhinged shows how conservatives are driving their opponents mad. The good news for liberals? Self-help starts here.
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