May 11, 2009

SEIU Backstabs California over Stimulus Funds

The Service Employees International Union is well known for representing the interests of illegal aliens. The SEIU contributed more than $33 million to the Obama campaign (see below).

Patriotic Immigration Reform May Save GOP, According To...Time!!(?)

I thought Michael Grunwald's Time Magazine essay Republicans in Distress: Is the Party Over? was mostly just the usual MSM nonsense (i.e. the GOP needs to become more like us Democrats!) until this leapt out at me:

There's always the chance that some new issue — immigration? Iran? cap and trade? something nobody has thought of yet? — will blow up and bring the GOP back to life.

Emphasis mine.

Fannie and Freddie: The Government Sponsored Thingamabobs that Are Eating Your Retirement

Zachary A. Goldfarb reports in the Washington Post:

Fannie Loses $23 Billion, Prompting Even Bigger Bailout
Fannie Mae reported yesterday that it lost $23.2 billion in the first three months of the year as mortgage defaults increasingly spread from risky loans to the far-larger portfolio of loans to borrowers who have been considered safe. ...

Why not Canada?

Various economic commentators such as Tyler Cowen are scratching their heads over why the single country most similar to the United States, Canada, hasn't yet had a gigantic banking crisis. It must be some subtle technical difference in bank regulations!

Obsessive Housing Disorder

Steve Malanga has a good qualitative history of the failures of the federal government to promote homeownership among marginal families from Herbert Hoover onward in Obsessive Housing Disorder in the Manhattan Institute's City Journal. An excerpt:

Sudanese Refugees This Week: One Murder Sentence and One Automotive Near-Miss

imageHere's another preventable death that can be chalked up to misplaced do-gooderism among immigration enthusiasts. The young Sudanese, Gareng Deng (inset photo), who murdered Marilyn Bethell (main photo) was not an illegal alien, but a refugee with a strong imprint of violence from childhood. He was damaged goods, not a good bet for assimilation on any level. But stupid America puts the welcome mat out for just about anyone.

An Iowa Reader Calls Religious Left's Postville Showboating "Disgusting"

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05/10/09 - A Tennessee Reader Says Don't Annex Mexico—Expel California!

From: Leroy Wheat (e-mail him)

Wanted: A Fighting Party