Bill Clinton

Call for Intervention in Darfur is Short-Sighted

Back in 2006, George Clooney went on Real Time with Bill Maher in order to make the case for intervening in Darfur. Clooney compared his vision of intervention to the NATO bombing in Kosovo under then President Bill Clinton. Clooney is and was then a fierce opponent of President Bush’s Iraq policy.

The logical inconsistency there flabbergasted me then, and I still hold that view. Like Iraq, Sudan is ruled by an Arab regime empowered by oil money. Like Iraq, Sudan has been known to be more than a little hospitable to terrorists. And like the 2003 intervention in Iraq, and like various other troublespots throughout the globe, intervention in Sudan has serious potential of degenerating into a military quagmire.

Can We Finally Place The Blame Where It Actually Lies?

I have had enough. Every story with even a hint of financial or economic news in the last six months has placed blame for the mortgage industry collapse on the propensity of mortgage companies to seek out “risky” borrowers to which they could loan money for a home. I must note here the reason for a business’s existence. Despite all of the “feel good” corporate speak espoused by the public relations department about the good, service, technology or information and how it benefits the world, their end goal is to return a positive gain for the owners. Without the profit motive, business would cease to exist.

So, in a free market, why would some of the biggest names in the mortgage industry, like Countrywide, Bank of America, and Wells Fargo, purposely seek out the highest risk borrowers to loan money to? Quite simply, they would not. Specialty finance companies with strong collection and repossession teams are better suited for these loans.

Next Two Weeks - Reality TV or Soap Opera…

…or a little of both?

Two weeks of political hype has officially started with the kick-off of the Democrat Party Convention, taking place in Denver this year, and culminating with McCain’s acceptance speech in Minneapolis at the Republican Convention next week.

Looking past the multi-million dollar stages being used at both the Democrat and Republican Conventions, is there really any substance to this year’s presidential coronation ceremonies?

Rumor is that Obama’s acceptance speech, intending to correct Kerry’s 2004 mistake,  will be hard-hitting, highlighting the differences between McCain and himself.  That should take all of two minutes to delineate, giving him plenty of time for his “we are the ones we’ve been waiting for” mantra.  I’m sure everyone will leave feeling warm and fuzzy, not at all concerned that they’re still not sure what their candidate stands for and whether he’s truly ready to lead this country.

Ron Chimes In On Write-Ins

When Ron Paul was asked by Reason Magazines’s Dave Weigel about write-in ballots, he had this to say-

I don’t think that’s very productive,” Paul said of a write-in campaign. “They could do it, of course, but in most of the states it won’t count. If they can change the rules in a primary and not count all the votes, imagine what they could do with write-in votes!”

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