05/28/15

The Ironic Tie Between Elizabeth Warren’s Hypocritical Home Flipping and Mitt Romney

By: Benjamin Weingarten
TheBlaze

Massachusetts political roots aside, you might think that the comparison of Democratic Sen. Elizabeth Warren and former governor and failed Republican presidential candidate Mitt Romney is absurd.

Warren, the progressive populist who in both rhetoric and regulation has sought to shackle “predatory” financial institutions as a means of supposedly protecting “the little guy,” and Romney, the patrician and wealthy denizen of the financial establishment of 47 percent infamy, would appear to be polar opposites.


Elizabeth Warren delivers her famous “You didn’t build that” speech.
(Image Source: YouTube screengrab)

But alas, as is so often is the case in politics, Warren’s public face is contradicted by her private actions – actions that we will soon see are similar in nature to those that made Romney a millionaire.

Warren, like Romney, profited by buying assets at low prices and through either improving said assets or waiting for the market to strengthen, selling them at higher prices.

As Jillian Kay Melchior and Eliana Johnson lay out in a recent National Review exposé, Warren “bought and sold at least five [residential] properties for profit,” generating at least $240,500 before accounting for remodeling costs.

Several of the homes Warren purchased and then flipped had been foreclosed upon.

The focus of the piece is the rank hypocrisy that Warren would execute such profit-seeking transactions, given that she has called the idea of buying and selling properties quickly for profit a “myth” that contributed to our economic woes, and decried the banks that foreclosed on the homes of working class Americans.

Rightfully, the column closes with the following flourish:

In her 2014 autobiography, Warren wrote of the events that precipitated the financial crisis that “everyone seemed to have a story about someone they knew who was getting rich by flipping houses.”

She omitted a crucial one.

But it ought to be pointed out that not only were Warren’s actions counter to her stated principles – they mimicked those of the private equity companies and other financial institutions that she has spent her entire public life railing against.

What private equity professionals like Mitt Romney, and investors in general seek to do is “buy low and sell high.”

Firms like Romney’s Bain Capital scour the market for businesses they believe are undervalued and/or have significant growth potential. They seek to buy these businesses at a low price, and grow them while making them more profitable and efficient by cutting costs, closing non-core operations while strengthening core ones and implementing new and improved strategies and practices to better their business models.


Justin Sullivan/Getty Images

By improving the companies in which they invest, the end goal is to sell them for many times the price at which they were bought.

What Romney did at the macro level in investing in businesses worth hundreds of millions or billions of dollars, Warren did at the micro level in investing in homes worth thousands or hundreds of thousands of dollars.

The difference however is that Romney’s investing in many cases led to the creation of ever-better goods and services at ever-lower prices, with the benefits accruing to not only Romney, Bain’s investors, and the employees of the strengthened companies, but all consumers – that is, you and me.

Certainly Warren’s investments in home remodeling may have created work for construction companies and home suppliers, but those benefits pale in size and scope to the benefits to the public of successful private equity investments.

Too, many progressives are queasy about the idea of gentrification, which they argue prices poorer people out of their neighborhoods, replacing them with the more “privileged,” all supposedly to the detriment of the character of said communities. Warren supported this process by improving several of the homes she purchased that had been in disrepair, and selling them at a significant premium.

No one should begrudge Elizabeth Warren for her apparent investing acumen.

And one suspects that no one on the left will begrudge her for her home-flipping hypocrisy, given that the truly ill-gotten riches of the Clintons who partnered with all manner of tinpot dictators and civil rights squelchers do not seem to offend the left’s sensibilities.

But all should recognize that the very business for which Romney was castigated by large swaths of the public is in essence the same business in which Warren was an active participant, only at a smaller scale and with far more modest benefits.

This is not an indictment, but a compliment, even if Warren herself would not like to hear it.

More broadly, we should be celebrating those who create wealth, and crucifying those who destroy it — namely government bureaucrats whose resources only exist because they bilk the individuals and businesses that did build that.

05/22/15

How the Media Got Into Bed with the Clintons

By: Cliff Kincaid
Accuracy in Media

Republican operative Karl Rove writes in The Wall Street Journal that “few demonstrate as much contempt for journalists as do Barack Obama and Hillary Clinton.” That may be true for Obama, but Mrs. Clinton has taken a different approach. Her platforms, the Clinton Foundation and its project, the Clinton Global Initiative, have given the appearance of humanitarian work, drawing many big names from the media into her network of influence. No wonder they treat her with deference and respect. The media have been compromised.

“Until late Tuesday afternoon,” reports USA Today, “the Clinton Foundation website listed CNN anchor Jake Tapper as a ‘speaker’ at a Clinton Global Initiative event scheduled for June 8-10 in Denver. After USA TODAY asked CNN about the event, Tapper’s name was swiftly removed from the Clinton Foundation website.”

It appears that Tapper will still participate in the meeting, but not as a speaker.

This Tapper controversy should put an end to the pretense that George Stephanopoulos of ABC News is the only member of the journalism business who was compromised through his involvement in the Clinton Foundation. A list of media members of the Clinton Global Initiative in 2011 included Stephanopoulos and many others:

  • Christiane Amanpour, Chief International Correspondent, CNN
  • Thomas Friedman, Columnist, The New York Times
  • Lionel Barber, U.S. Managing Director, The Financial Times
  • Nicholas Kristof, Columnist, The New York Times
  • Maria Bartiromo, Anchor, CNBC (now with Fox Business Network)
  • Matt Lauer, Host, The Today Show, NBC
  • Matthew Bishop, New York Bureau Chief and American Business Editor, The Economist
  • Tom Brokaw, Special Correspondent and Moderator of Meet the Press, NBC News
  • Greta Van Susteren, Anchor and Host, Fox News Channel
  • Anderson Cooper, Anchor, CNN
  • Judy Woodruff, Senior Correspondent, The NewsHour with Jim Lehrer, PBS
  • Katie Couric, Anchor, CBS News (now with Yahoo)
  • Fareed Zakaria, Editor, Newsweek International

The pro-Clinton group Media Matters has been having a field day with the news that Fox News personalities were on the list. The group points out that Van Susteren and Bartiromo have both lavished praise on the Clinton Global Initiative for its good work.

For our part, we have been drawing attention to media links to the Clintons for at least 10 years. It wasn’t considered controversial by the media, on the left or right, until the release of Peter Schweizer’s new book, Clinton Cash: The Untold Story of How and Why Foreign Governments and Businesses Helped Make Bill and Hillary Rich. Schweizer has attempted to link some of the contributions made to the Clintons to actions taken by the Obama administration when Mrs. Clinton was Secretary of State.

We noted back in 2005 that Rupert Murdoch, chairman and CEO of the Fox News parent company, was a participant in the Clinton Global Initiative meeting held in New York in mid-September of that year. As we also pointed out, Clinton himself had appeared on Greta Van Susteren’s Fox News Channel show to promote the event.

That same year we reported that the Fox News Channel, in addition to giving Clinton a platform to talk about his Global Initiative, had done then-Senator Hillary Clinton a big favor by canceling some interviews with Ed Klein, the author of a book critical of Hillary.

Back in 2007 we noted that Murdoch had personally made a $500,000 gift to the Clinton Global Initiative.

“In terms of the Clinton Global Initiative,” Van Susteren told former President Clinton in a 2010 interview, “I’ve seen so many of the good works in terms of the money that goes around the world, whether it’s clean water in different areas. If there is one particular mission for you to describe the Clinton Global Initiative, what is it?”

Clinton’s lengthy reply to this softball question included praise for Frank Giustra, the Canadian business executive, for giving $20 million. Giustra’s donations have subsequently been linked to a plan to win U.S. approval to sell a uranium company to Russia.

Rather than look into the contributions of Giustra and others, Van Susteren encouraged others to contribute to the Clintons. She said to the former president, “A lot of people look at the program, a lot of big names, big contributors and very generous, what about somebody who says I don’t have any big money to contribute. I might have some ideas, or I’m willing to do some leg work to help. How can I participate?”

Isn’t that nice? Even Fox News was in bed with the Clintons.

In a September 27, 2012 column, we pointed out that members of the media scheduled to speak at that year’s Clinton Global Initiative meeting were:

  • Nicholas D. Kristof, Columnist, The New York Times
  • Piers Morgan, Host, CNN’s Piers Morgan Tonight
  • Charlie Rose, Executive Editor and Anchor, “Charlie Rose”
  • Fareed Zakaria, Host, CNN-GPS

It turns out that 2012 GOP presidential candidate Mitt Romney even attended and addressed that year’s Clinton Global Initiative meeting. Perhaps he had been told by Republican advisers like Rove that it was a humanitarian event with a bipartisan flavor.

“Since serving as President here in America,” Romney declared, “President Clinton has devoted himself to lifting the downtrodden around the world. One of the best things that can happen to any cause, to any people, is to have Bill Clinton as its advocate. That is how needy and neglected causes have become global initiatives.”

The comment goes to show how Clinton, who disgraced himself by having sex with a White House intern and was impeached, has had his reputation rehabilitated. A Republican who got caught doing such things would be forced to slink away and beg for forgiveness from the media.

Romney may have gotten bad advice about going to that event, but it was Romney himself who told Jan Crawford of CBS News during the campaign that the major media were not in the tank for President Obama and that he had no plans to challenge liberal media bias.

No wonder the Democrats are so confident about their ability to manipulate the press. They have the Republicans eating out of their hands.

04/6/15

Republican Party Elites Abandon Traditional Marriage

By: Cliff Kincaid
Accuracy in Media

Only six of 54 Republican members of the Senate signed a pro-traditional marriage legal brief to the U.S. Supreme Court that was submitted on Friday. USA Today noted, “By contrast, 44 Democratic senators and 167 Democratic House members filed a brief last month urging the court to approve same-sex marriage. The brief included the full House and Senate [Democratic] leadership teams.”

These developments strongly suggest that while the homosexual movement remains solidly in control of the Democratic Party, the tactics of harassment and intimidation that we saw wielded against the religious freedom bill in Indiana last week are taking their toll on the Republican Party as a whole.

In the Indiana case, a conservative Republican governor, Mike Pence, abandoned the fight for religious freedom in the face of homosexual and corporate pressure.

It appears that more and more elite or establishment Republicans are simply deciding to give up on the fight for traditional values and marriage.

While this may seem politically expedient, this dramatic move to the left by the GOP could result in millions of pro-family conservatives deciding to abandon the Republican Party in 2016, a critical election year.

USA Today also noted that “…while some members of the 2012 Republican National Convention platform committee filed a brief against gay marriage Friday, it notably did not include GOP Chairman Reince Priebus.”

The Republican senators signing the brief included:

  • Senator Ted Cruz of Texas
  • Senator Steve Daines of Montana
  • Senator James Lankford of Oklahoma
  • Senator James Inhofe of Oklahoma
  • Senator Mitch McConnell of Kentucky
  • Senator Tim Scott of South Carolina

Fifty-one members of the House of Representatives signed the brief. But House Speaker John Boehner’s (R-OH) name was not on it.

Taking the lead for traditional marriage in the House was Representative Tim Huelskamp (R-KS), who not only signed the pro-marriage brief but has also introduced House Joint Resolution 32, the Marriage Protection Amendment, to amend the United States Constitution to protect marriage, family and children by defining marriage as the union between one man and one woman. The resolution has 33 co-sponsors and has been referred for action to the House Committee on the Judiciary.

Huelskamp is the only Member of Congress who has authored one of the 30 state constitutional amendments that prohibits homosexual marriage and polygamous marriage. In 2005, when he was a state senator, 71 percent of Kansans voted for the state constitutional amendment that he authored.

In reintroducing the federal marriage amendment, Huelskamp said, “In June 2013 the Supreme Court struck down section 3 of the federal Defense of Marriage Act (DOMA), which had defined marriage for federal purposes as the union of one man and one woman, but upheld the right and responsibility of states to define marriage. Since then, though, numerous unelected lower court judges have construed the U.S. Constitution as suddenly demanding recognition of same sex ‘marriages,’ and they struck down state Marriage Amendments—including the Kansas Marriage Amendment—approved by tens of millions of voters and their elected representatives.”

However, on April 28 the U.S. Supreme Court will review the 6th Circuit Court of Appeals ruling, which upholds marriage laws in Michigan, Kentucky, Ohio and Tennessee. A ruling is expected in June.

USA Today noted that scores of prominent Republicans last month joined a brief on the homosexual side filed by former Republican National Committee Chairman Ken Mehlman, a former lieutenant to Karl Rove who came out of the closet and announced in August of 2010 that he was a homosexual. He has since launched a “Project Right Side” to make the “conservative” case for gay marriage.

Big money Republican donors such as Paul Singer, David Koch, and Peter Thiel have either endorsed homosexual rights and same-sex marriage or funded the homosexual movement. Thiel is an open homosexual.

A libertarian group funded by the Koch brothers, the Cato Institute has been in the gay rights camp for many years and its chairman, Robert A. Levy, wrote a “moral and constitutional case for a right to gay marriage.”

Other signatories to the Mehlman brief included Governor Charlie Baker of Massachusetts, Senators Susan Collins of Maine and Mark Kirk of Illinois, and former presidential candidates Rudolph Giuliani and Jon Huntsman.

The signers of this brief at the Supreme Court in support of same-sex marriage were described as “300 veteran Republican lawmakers, operatives and consultants.” Some two dozen or so had worked for Mitt Romney for president.

One of the signatories, Mason Fink, who was the finance director of the Mitt Romney for president campaign, has signed on with a super PAC promoting former Florida Republican governor Jeb Bush for president. In another move signaling his alignment with the homosexual movement, Bush has reportedly picked Tim Miller, “one of the most prominent gay Republicans in Washington politics,” as his communications director.

A far-left media outlet known as Buzzfeed has described Bush as “2016’s Gay-Friendly Republican,” and says he has “stocked his inner circle with advisers who are vocal proponents of gay rights.”

But some conservative Christians are fighting back against the homosexual movement.

A brief to the court filed by Liberty Counsel notes that, in the past, the Supreme Court has upheld marriage as “a foundational social institution that is necessarily defined as the union of one man and one woman.” It cites the case of Skinner v. Oklahoma, in which marriage was declared to be “fundamental to the very existence and survival of the race,” and Maynard v. Hill, in which marriage was declared “the foundation of the family and of society, without which there would be neither civilization nor progress.”

Liberty Counsel said the court is being asked to affirm a false notion of marriage based upon fraudulent data about homosexual activity in society. It said, “For the past 67 years, scholars, lawyers and judges have undertaken fundamental societal transformation by embracing Alfred Kinsey’s statistically and scientifically fraudulent ‘data’ derived from serial child rapists, sex offenders, prisoners, prostitutes, pedophiles and pederasts. Now these same change agents, still covering up the fraudulent nature of the Kinsey ‘data,’ want this Court to utilize it to demolish the cornerstone of society, natural marriage.”

The homosexual movement has long maintained that Kinsey validated changes in sexual behavior that were already taking place in society. In fact, however, the evidence uncovered by Dr. Judith Reisman shows that Kinsey deliberately exaggerated those changes in a fraudulent manner by using data from pedophiles and prisoners.

Commenting on the impact of the acceptance of the fraudulent Kinsey data, Accuracy in Media founder Reed Irvine noted, “Gradually over the years, acceptance of the Kinsey morality has grown to the point where premarital and extramarital sex raise no eyebrows, where, in some communities, out-of-wedlock births are in the majority, homosexuality is glorified and aggressively promoted in our schools and the last taboo—adults having sex with young children—is now under attack in some of our institutions of higher learning.”

The Mattachine Society, a gay rights organization started by communist Harry Hay in 1950, cited the flawed Kinsey data in an effort to convince the public that homosexual behavior was widespread in American society.

The book, Take Back! The Gay Person’s Guide to Media Action, said the Kinsey Report on male sexuality “paved the way for the first truly positive discussion of homosexuality in the mainstream media.”

Today, this same Kinsey data is being used to convince the Supreme Court to approve homosexual “marriage” as a constitutional right.

03/8/15

New Zealander: Amnesty Is Obama’s Trump Card To Transform America

Hat Tip: Nelson Abdullah

By: Ginni Thomas
The Daily Caller

Libertarian New Zealander, author and founder of the popular website, KeyWiki.org, Trevor Loudon is spending a lot of time lately telling Americans that “amnesty is the trump card” for President Obama to permanently transform America.

Citing a speech in 2010 by White House consultant and radical leftist, Eliseo Medina, Loudon implores Americans to wake up before it is too late in this video interview. He says, with Mitt Romney losing to Obama in 2012 by 2 and ½ million votes, if Obama can succeed in legalizing “10, 15 or 20 million more votes, almost all of whom will vote Democrat,” Obama can lock in progressive electoral victories for the foreseeable future and “make it practically impossible for the Republicans to ever elect another president.”

As for the Republican consultants who promote Hispanic outreach and the need for amnesty for future Republican victories, Loudon asks why would anyone listen to Karl Rove, “when he has lost so many elections.” Dismissing Rove as “a fool” who “spits on his base,” Loudon believes these consultants and Republicans are doing the bidding of the business community who want cheap labor. Loudon reminds viewers of what Lenin said, “the capitalists will sell us the rope with which to hang them.”

Asking why new Latinos would be of higher value to Karl Rove and the political consultants than the 20 million conservative Christians currently not registered to vote, Loudon says Rove is demonstrating a “lack of understanding of political realities in his own country.”

Deriding those Republicans or conservatives who still write off President Obama as “incompetent,” he says this is a “power play for control with no viable opposition” reminiscent of what happened in South Africa, Venezuela and Czechoslovakia, with public deception covering up the true nature of regime change.

Although many in his country and in America may not be paying attention to politics, those foreign commentators who are, he says, are troubled by what they see happening. Loudon says, for those “thinking New Zealanders, Australians, Canadians, Brits, French and Germans, they are just freakin’ out. They are so worried. They see what Obama is doing to Israel. They see ISIS expanding in the Middle East. They see China building a big blue-water navy in the Pacific. They see Putin bullying the Ukraine, clearly wanting to reestablish his empire in Europe. They are freaking out because they have just come to the realization that they have been relying on America to defend them… when America is actually working for the other side, in many instances.”

To this self-described libertarian, Obama and his allies have set their sights on not just fundamentally transforming America, but the world. After all, Loudon says, “The world leader who was protecting us from the bad guys [America] is now helping the bad guys.”

Loudon ends with the admonition, “If America loses its Constitution, everything good about America will go. Vladimir Putin, the Chinese and the Iranians will rule the planet,” he says. “What you guys do in the next two years is going to make a huge difference to the fate of our civilization.”

WATCH PART 2:

For more on Trevor Loudon see his book, “The Enemies Within,” and his current short term crowd-sourcing fundraiser effort to produce a movie of the book by next October here.

01/27/15

Sarah Palin Too Toxic for 2016?

By: Lloyd Marcus

Sarah Palin saying “Of course” she’s interested regarding running for the presidency in 2016 has people buzzing. http://abcn.ws/1xPVFhj During that interview, Palin said we need a candidate who is ready for Hillary. I agree. Romney would be Mr. Nice Guy/gentleman unwilling to attack the girl.

As for Palin running, a woman wrote: “I have never given up on her (Sarah Palin). I am sooooooo hoping that she will be our spokesperson. My husband says the press and Obama have tainted her so much that it would be impossible for her to run. I say that ‘with God,’ all things are possible.”

To this woman, I say, “Right on sister!” No offense to her husband, but I find his mindset frustrating. We complain that there are far too few politicians with the cojones to push back against Obama’s unprecedented arrogance, lawlessness and tyranny. Despite their newly acquired control over the House and Senate, the GOP appears to be attempting to pull the wool over our eyes regarding amnesty. In their Spanish response to Obama’s SOTU, the GOP brought up immigration, desiring to “create permanent solutions” without mentioning immigration in the English version. What is up with that? http://bit.ly/1yWGNjU

So tell me folks, how many politicians on our side truly are who they say they are; standing up for our principles and values – fighting for freedom and the Constitution? We lament that many politicians on our side are obsessed with winning an approving pat on the head from the MSM; reduced to political impotence. Oh if only there was a little blue pill for dis-functioning Republicans/conservatives.

Palin has proven that she does not give a rat’s derriere about what the MSM thinks of her. We pray for a voice on the big stage with the guts to stand up for Conservatism.

Sarah Palin fills the bill in spades; one of the few unafraid to get into Obama’s grill. I love it! Unapologetic to the Left (Democrats, Hollywood and MSM) Palin’s attitude is, “Say it loud. I’m conservative and proud.”

Not too long ago, a conservative savior arrived on the scene, exciting and inspiring millions. I remember being on the Tea Party Express national tour bus. We kicked off the tour in a dust bowl, Searchlight, NV with Sarah Palin as our headliner. Twenty five thousand people showed up, many camping out days ahead to reserve their spot. I witnessed the moving scene of seniors who had to park almost a mile away approaching the event using walkers; all coming to see their Sarah.

The Left launched an over the top vicious shock and awe champion to crucify Sarah Palin, her family and her disciples. When the Left sought after Palin supporters, sadly, many cowardly said, “I never knew her.” There is something deja vu about this scenario.

So, Palin courageously comes along and does everything patriots have been longing and praying for someone to do. Her reward is patriots distancing themselves from her. Classy. Real classy.

Since taking the national political stage by storm with her amazing VP nominee acceptance speech, the Left as gone crazy, insane with pure unadulterated hatred for Sarah Palin; no attack was too evil or too low. Every Palin family member was in-play including Trig Palin, her Down Syndrome child. http://bit.ly/1BTSIQc

Intellectually challenged actress Pamela Anderson said, “I can’t stand her. She can suck it!” http://bit.ly/1p3IlBB

Obama supporters showed up at Palin events wearing t-shirts which read, “Sarah Palin is a C***” in huge letters. The t-shirt was even featured on Obama’s website with no rebuke from the MSM or Democrats. http://bit.ly/1sCgoly

Howard Stern idiotically blamed Palin for the AZ shooting and called her a “F***er and a c***!”

http://bit.ly/1p3K7T3

HBO show host Bill Maher called Palin a “dumb twat” http://bit.ly/1yjq64E Maher has used the c-word when referring to conservative women including Palin. http://bit.ly/1o90BcB This vile little man has also called Palin a MILF (Mother I’d Like to F***). http://bit.ly/1yjquA2

Despite the Left’s best efforts to humiliate and destroy her, Palin has hung tough, remaining faithful to the mission of the Tea Party; the preservation of our freedom, liberty and culture — traditional conservative principles and values; God, family and country.

And yet, there are those on our side who suggest that we kick Palin to the curb because she has become “too toxic”.

The field for 2016 is pretty crowded. I am not ready to select a candidate. However, if Palin throws her bonnet into the ring, my heart is with her 100%. We need a hero.

Lloyd Marcus, Unhyphenated American
Chairman, Conservative Campaign Committee