Sunday, December 14, 2014

BloggeRhythms

Senator Diane Feinstein’s broadside attack on the CIA and its methods for questioning terrorist captives continues to fester. Rebuttals illustrate, however, that her recent release of a report claiming prisoner abuse was not only a reversal of her former acquiescence to the methods employed, but the tactic was also well known to other high-profile Democrats, including Nancy Pelosi and Jay Rockefeller.
 
In that regard, on December 5th Jose A. Rodriguez Jr a 31-year veteran of the CIA, and author of “Hard Measures: How Aggressive CIA Actions After 9/11 Saved American Lives,” wrote a column in the Washington Post which included his noting that, “The men and women of my former organization, the CIA, are accustomed to frequent and sudden reversals of direction from their political leaders. But the latest twists and turns are especially dramatic.”
 
The article reveals some very interesting information about what the CIA has to deal with from Congressional members, so here’s a link: 
  
 
Which brings us to Senator Elizabeth Warren, who threatened blocking passage of the just passed spending bill whereas she and many other liberal Democrats expressed deep reservations about the legislation. Largely over a provision in the measure reversing a rule in the “Dodd-Frank” financial regulation law.
 
She led the charge against the bill, telling reporters Wednesday “there are some things that are so reckless and fundamentally wrong that we have to stand up and say no.”

In this case, her positions noteworthy because of the history of the law, and why it was drafted to begin with.

The US financial crisis began when the housing market boomed due to laxing of credit criteria for people seeking home mortgages. Funds became so easily available that lenders ran out of credit-worthy people to buy homes or take out a third mortgage or home equity loan. 
 
Credit-easing produced mega-profits for small banks, mortgage originators, real estate companies, investment banks and hedge funds. But when those markets began to fizzle out, thanks to U.S. taxpayer’s guarantee on all Freddie and Fannie mortgages, the world’s banks and super-rich concocted a scheme to keep the record profits coming in: sub-prime lending.

Which brings us to Senator Warren who either forgets, or overlooks, that the financial market and eventually, entire US economy collapse was not only caused by Democrats to begin with, but even involved the incumbent president himself. 

His association with the financial debacle began in 1991, 23 years ago when he took time off from his law firm to run a voter-registration drive for Project Vote, an Acorn partner that was soon fully absorbed under the Acorn umbrella.
By registering 135,000 voters, it was considered a major factor in the upset victory of Democrat Carol Moseley Braun over incumbent Democratic Senator Alan Dixon in the 1992 Democratic Senate primary. 

The key point, though, was Acorn’s reputation because they were most well-known for thug tactics, fraudulent voter registrations, and its role in popularizing risky subprime lending which is why Dodd Frank regulation was needed in the first place.


Therefore, what today’s items illustrate clearly is that while Democrat politicians claim to be on the virtuous side of all issues, while Republican rivals are painted as despicable, self-serving, elitist mercenaries, most of the nation’s problems, including the CIA’s prisoner treatment and banking debacle, involve Democrat leadership up to its eyeballs.

That’s it for today folks.

Adios  

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