Tuesday, November 1, 2011

The best editorial page you will find...

is Investor's Business Daily IBD publishes easy-to-read editorials that clearly show the benefits of Free Markets and Capitalism.  A sampling:


Junk Science:  In an attempt to revive climate hype, a chart by a Berkeley scientist claims to show global warming has not slowed. In fact, what it shows is no warming for the last 11 years.

Media Bias:  The press is reporting that GOP presidential candidate Herman Cain was once accused of sexual harassment. OK, and Bill Clinton was elected to the White House not once but twice. So why is this even an issue?

Reform:  Remember when Nancy Pelosi promised that Americans would fall in love with ObamaCare once it was the law of the land? Turns out barely half of Democrats now like it.

Waste:  How can a 375% education spending increase over four decades result in flat-lined reading, math and science scores? Because all that largesse feeds a bureaucratic monster sheltered from competition.

War On Terror:  Have the president's swift military pullouts from Afghanistan and Iraq served U.S. interests? All we see is a "surge" on U.S. targets by our enemies, while our secretary of state pleads with them not to meddle.

Smoking-Gun Document Ties Policy To Housing Crisis

President Obama says the Occupy Wall Street protests show a "broad-based frustration" among Americans with the financial sector, which continues to kick against regulatory reforms three years after the financial crisis.
"You're seeing some of the same folks who acted irresponsibly trying to fight efforts to crack down on the abusive practices that got us into this in the first place," he complained earlier this month.
But what if government encouraged, even invented, those "abusive practices"?
Rewind to 1994. That year, the federal government declared war on an enemy — the racist lender — who officials claimed was to blame for differences in homeownership rate, and launched what would prove the costliest social crusade in U.S. history. At President Clinton's direction, no fewer than 10 federal agencies issued a chilling ultimatum to banks and mortgage lenders to ease credit for lower-income minorities or face investigations for lending discrimination and suffer the related adverse publicity. They also were threatened with denial of access to the all-important secondary mortgage market and stiff fines, along with other penalties.

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