Lessons unlearned

January 13, 2009

Jumbo lending: lessons unlearned:

Thanks to Sen. Christopher Dodd, Rep. Barney Frank and others, the lending industry spent years issuing mortgages to millions of Americans who had no hope of repaying. Sen. Dodd and Rep. Frank believe homeownership is a right unfettered by income or credit history, and over time, they were instrumental in forcing the industry to lend to some of the least creditworthy Americans.

As everyone knows, the results were disastrous….

Lesson learned? Don’t be silly. In December, GMAC got $5 billion from the government’s $17.9 billion bailout of the domestic auto industry, which Sen. Dodd supported, and immediately lowered its lending standards. No longer would buyers need a credit rating of 700 or higher. Now, people qualify with scores as low as 621, which is 2 points above “poor” and 102 points below America’s median. As columnist George Will put it, GMAC is using taxpayers’ dollars (more accurately, money borrowed against tax receipts far into the future) to issue subprime loans.


The Unserious Left

January 5, 2009

The Unserious Left

It’s … striking that Greenwald and his fellow travelers would use words like terrorist and thug to describe me while defending the rights of Hamas, an organization comprised of genuine terrorists and thugs. It’s become common for the left to describe its ideological opponents as thugs, and the result, apparently, is the inability to recognize real thuggery when it’s staring them in the face.


Spot the Terrorist

January 5, 2009

 

Spot the Terrorist

Spot the Terrorist


Bleeding Heart Tightwads

January 5, 2009

Bleeding Heart Tightwads

Liberals show tremendous compassion in pushing for generous government spending to help the neediest people at home and abroad. Yet when it comes to individual contributions to charitable causes, liberals are cheapskates.

Arthur Brooks, the author of a book on donors to charity, “Who Really Cares,” cites data that households headed by conservatives give 30 percent more to charity than households headed by liberals. A study by Google found an even greater disproportion: average annual contributions reported by conservatives were almost double those of liberals.

Makes perfect sense. Conservatives know that charity begins at home, and that the Christian call to charity is first and foremost personal. “Liberals” view it as a governmental responsibility: i.e., somebody else’s problem.


You’ve Seen the Hypocrisy, Now Buy the Book!

May 12, 2006

Our favorite librarian today makes yet another impassioned plea for “open access“: a euphemism for forcing scientists and researchers to turn their work over to libraries for free dissemination instead of to evil for-profit journals and publishers, in order to bypass both the involvement of (supposedly) filthy lucre and (supposedly) snobbish, elitist, and stifling peer review, in favor of (supposedly) altruistic academic librarians who are of course naturally and inherently the appropriate gate-keepers of human knowledge and the all-knowing fully-informed arbiters of all scholarly discourse:

“A world where many more people have unfettered access to much more research and scholarship …. We have the (largely US- and Europe-based) for-profit publishers, who hate and fear open access to the point of telling flat-out lies about it.”

Never mind that any researcher that wants to put their work on the Web for free can already do so without the “help” of a librarian, thank you very much. They have to be forced to do so, because… well, because.

Well, in the spirit of good-for-the-goose-good-for-the-gander, I’d like to remind everyone that her husband’s book remains only closedly accessible, at just $49.95 from its greedy university press publisher. The proceeds from which surely do not land in her own pocket, of course.

Open access: it’s only for the stuff other people write, you see, not what Dorothea can make a buck from.


The Silence is Deafening

April 19, 2006

Our favorite librarian loves to raise the specters of the suppression of the free speech of librarians and their patrons by the Dept. of Homeland Security, and of librarians being hunted down and rounded up by John Ashcroft, and further to portray herself as being subversive and brave merely by being a librarian.

So, let’s count the tally, shall we? Librarians (subversive or otherwise) hunted down, rounded up, charged, sued, or removed from employ, by Mr. Ashcroft? The big goose egg. Librarians charged with “sexual harassment” by a university for (truly) subversively recommending conservative books not approved of by their uniformly “liberal” dept. faculty and staff? One (so far).

Dorothea’s silence on this is as deafening as it is both hypocritical and predictable.


Disproving Their Own Point

March 18, 2006

“Protests mark Iraq war’s third year”, say the headlines.

I thank God I live in a free country, where citizens can protest their own government without fear of reprisal.

You know, just like they can now do in Iraq, thanks to us.