Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: Barney Frank

Omnibus Bill Passes House, Funds Government Through September

This article first appeared online at TheNewAmerican.com on Friday, December 12, 2014: 

President Barack Obama holds a conference call...

President Barack Obama holds a conference call with House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid, in the Oval Office

At the very last minute, with time and funding for government agencies running out, the House voted 216-206 to pass the so-called “omnibus” bill on Thursday, opening the way for the Senate to pass it on Friday. President Obama has promised to sign it before the day is out.

It was sausage-making at its finest. Even Arizona Republican John McCain said “I hate it, I hate it, I hate it, I hate it” with many expecting him to vote for it on Friday anyway.

Instead of attempting to create and muster support for a temporary bill which would have left the heavy lifting to the newly elected incoming congress in January, House Speaker Boehner (R-Ohio) and President Obama decided that

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Another Obama Lie: “Trickle Down” Caused the Great Recession

Jonah Goldberg

Jonah Goldberg (Photo credit: Gage Skidmore)

Jonah Goldberg does a pretty good job in neutralizing Obama’s claim that tax cuts and the free market caused the Great Recession. Obama refers to it incessantly:

“Now Gov. Romney believes that with even bigger tax cuts for the wealthy, and fewer regulations on Wall Street, all of us will prosper. In other words, he’d double down on the same trickle-down policies that led to the crisis in the first place.” — President Obama, in an ad released Sept. 27.

As Goldberg notes, Obama uses it because it “resonates” with the voters – the ignoranti, I call them – who have not clue what he’s talking about, except that someone in the Romney camp is to blame.

Goldberg tries to explain why it’s a lie:

[Glenn Kessler, the “fact checker” at the Washington Post]  found that the Obama campaign has virtually no citations to back up the claim. The supporting material for the ad quoted above cites a single column by the Post’s liberal blogger, Ezra Klein, who told Kessler: “I am absolutely not saying the Bush tax cuts led to the financial crisis. To my knowledge, there’s no evidence of that.”

So, surprise, surprise, the Obama campaign is telling a lie over and over again, because it “resonates,” not because

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Will the Senate Go Republican?

John Hawkins – The 12 Key Senate Races To Watch In 2012

This year, most people have been focused on the Romney vs. Obama race, but there is also a battle going on for control of the Senate.

The Senate is currently comprised of 47 Republicans, 51 Democrats and 2 liberal independents. That means the GOP would need to capture 4 seats for a takeover. Although that may sound like a heavy lift, keep in mind that this year there are only 10 Republicans up for reelection while 23 Democrats/liberal independents have to defend their seats.

Male elephant in Etosha National Park, Namibia...

(Photo credit: Wikipedia)

Hawkins describes himself as a “professional blogger,” whatever that means. He also has some business interests. But his analysis here is worth considering. I’ve long felt that the Senate races are much more important than the race for the White House.

Here are the highlights of some of the 12 races Hawkins considers important:

State: Massachusetts
Seat Currently Held By: Scott Brown (R)
Competitors: Scott Brown (R) vs. Elizabeth Warren (D)
Current Ranking: Toss-up (50% chance of Republican hold)
Analysis: Normally, a popular incumbent like Scott Brown would have nothing to fear from a far left-wing socialist who advanced her career by pretending to be an Indian. Unfortunately, we’re talking about a state that sent degenerates like Ted Kennedy and Barney Frank back to Congress year after year. This is a tight, back-and-forth race that still might break either way.

State: Indiana
Seat Currently Held By:Richard Lugar (R)
Competitors:Richard Mourdock (R) vs. Joe Donnelly (D)
Current Ranking: Leans Republican hold (75% chance of Republican hold)
Analysis: Most people seem to be assuming that Mourdock is going to coast to victory, but at the moment, both candidates seem to be knotted in the low forties. Mourdock SHOULD win this race, but if he stumbles down the stretch or Republicans get complacent about this seat while Democrats go after it hard, this could turn into the Democrats’ best chance to pick up a GOP seat they’re expected to lose.

State: Wisconsin
Seat Currently Held By:Herb Kohl (D)
Competitors:Tommy Thompson (R) vs. Tammy Baldwin (D)
Current Ranking: Toss-up (50% chance of Democrat hold)
Analysis: Tommy Thompson is a popular former governor who looked to have this race well in hand, but the numbers have started moving Baldwin’s way. Either candidate could still pull this out.

Hawkins thinks the races in Montana, North Dakota and Nebraska will be enough to tip the Senate to the Republicans.

More than Executive Orders Needed to Reign in Regulators

The Executive Order issued by President Obama last week, “Identifying and Reducing Regulatory Burdens,” made it sound as if the reality of crushing regulatory burdens was at long last being recognized as part of the cause of the sluggish economy. Said the order:

Regulations play an indispensable role in protecting public health, welfare, safety, and our environment, but they can also impose significant burdens and costs. During challenging economic times, we should be especially careful not to impose unjustified regulatory requirements.

His order then went on to state that “our regulatory system must measure, and seek to improve, the actual results of regulatory requirements… [through] periodic review of existing significant regulations.” Since his previous Executive Order issued in January 2011 agencies have already identified over five hundred “initiatives” that are supposed to save “billions of dollars in regulatory costs and tens of millions of hours in annual paperwork burdens.”

Cass Sunstein, the head of one of those regulatory agencies, the Office of Information and Regulatory Affairs—the “regulator of the regulators” so to speak—touted some of the burdens that allegedly have already

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Kucinich Wants to Replace the Fed with a New Monetary Authority

Dennis Kucinich

Image by Rusty Darbonne via Flickr

Rep. Dennis Kucinich’s recent offering of his “National Emergency Employment Defense Act” (NEED Act) is designed to remove all money creation powers from the Fed to a newly established congressional agency, the Monetary Authority. According to Kucinich, the bill “would reassert congressional sovereignty and regain control of monetary policy from private banks [the Federal Reserve]” by placing that control into the hands of “a separate Monetary Authority made up of experts…responsible for managing monetary policy.” That Monetary Authority would advise the…

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$5 Debit Card Fee: Blame Durbin, Dodd, Frank, the Fed—Not Banks

Sen. Durbin Answers Press

Image by TalkMediaNews via Flickr

On Thursday, Bank of America announced that, starting the first of the year, they would be charging debit card users $5 a month for the privilege as a way to recoup lost income under new rules from the Federal Reserve. The rules, which took effect on Saturday, October 1, limit the amount banks may charge merchants accepting debit cards to 21 cents per transaction, down from 44 cents previously. Under the Dodd-Frank bill passed in 2010—initially proposed by former Senator Chris Dodd (D-Conn.) and Representative Barney Frank (D-Mass.)—banks processing the transactions will see their income from those fees drop by about $10 billion a year, all in the name of fairness and equity, according to the Federal Reserve, which determined that the new fees are “reasonable and proportional.” According to industry sources, the real cost of handling each debit card transaction amounts to “a penny or two,” and so politicians decided

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Defense Department Builddown Coming?

Thirteen C-17 Globemaster III aircraft fly ove...

Image via Wikipedia

As calls for cuts in the defense budget increased, Secretary of Defense Robert Gates knew what he would have to do: throw the cutters a bone, and then dig in against any further reductions. By admitting that he could shave $78 billion out of the defense budget over the next five years, Gates then went to work defending any further suggested incursions into the future spending plans by the military-industrial complex.

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Financial Crisis Inquiry Commission Report: Classic Misdirection

Money

Image by TW Collins via Flickr

After nearly two years of investigation, reviewing millions of documents and conducting hundreds of interviews, the Financial Crisis Inquiry Commission (FCICreleased its report, pinning the blame for the Great Recession largely on Wall Street and alleged deregulation of the financial markets in the 1990s.

The report of the panel of 10 (six Democrats and four Republicans) was delayed by a month as the final report became more of a partisan attack on Wall Street and a push for more regulation of the financial markets. The Republicans ultimately decided not to endorse the report, but instead issued their own report on the cause of the financial crisis.

According to the official report issued today by the FCIC, blame for the financial meltdown beginning in 2007 can be placed on:

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The Fed: Defending the Indefensible

Cover of "END THE FED"

Cover of END THE FED

In defending the Federal Reserve against what CNBC considered to be “an unprecedented level of attacks,” former Fed governor Frederic Mishkin said it was because of the Fed’s inability to “articulate a clear message regarding its trillion-dollar monetary policies”:

Monetary policy is never easy. You’re always the whipping boy. The question [now] is the degree. Now you’re getting whipped with a little bit harder lash than usual. But you’ve got to make the tough calls….

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John Allison: Free Market Banker

BB&T

Image by Frank Kehren via Flickr

When asked during an “Online with Terry Jeffrey” interview about how to solve the debt crisis facing the country, former Branch Banking & Trust (BB&T) CEO John Allison, was direct:

If you run the numbers…the United States goes bankrupt. It’s a mathematical certainty.

Now countries don’t go bankrupt the way companies do. They don’t file [for] bankruptcy. They usually hyper-inflate. They print a bunch of paper money, or they become Third World economies like Argentina—unless [they] change direction. So, we absolutely have to change direction.

When challenged about how to change direction, Allison was refreshingly candid:

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Progressives Emerge Unscathed

WASHINGTON - DECEMBER 16:  Sen. Bernie Sanders...

Image by Getty Images via @daylife

The hard-core Left represented by members of the Congressional Progressive Caucus in the House of Representatives will survive essentially undamaged in today’s mid-term elections.

Only one member of the CPC lost in the primary election, and only one other member is predicted to lose in today’s election, according to the Cook Political Report. Three other members of the caucus are in races too close to call. The other 77 members of the CPC will keep their seats.

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.
Copyright © 2020 Bob Adelmann