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FED ORDERS EMERGENCY HALF-POINT RATE CUT TO 1.5 PERCENT AFTER WORLD MARKETS PLUNGE OVERNIGHT

Forget Logic; Fear Appears to Have Edge
The technical term for it is “negative feedback loop.” The rest of us just call it a panic.How else to explain yet another plunge in the stock market Tuesday that sent the Standard & Poor’s 500-stock index to its lowest level in five years — particularly in the absence of another nasty surprise?
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British government will partially nationalize banks
The British government announced a 50 billion pounds ($87.5 billion) plan today to partly nationalize major banks, with taxpayers taking stakes in a bid to shore up a financial sector hard hit by the world financial crisis. Prime Minister Gordon Brown billed it as a "radical" plan to stabilize banks so that they could resume normal lending and other operations...
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Asian stocks plunge on unabated recession fears
LONDON — European markets tumbled in early trading today amid ongoing fears about the state of credit markets despite the British government's 50 billion pound ($87.5 billion) rescue package for the banking system. In Asia, Japan's Nikkei suffered its worst day since the 1987 stock market crash.
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Democrats Destroy Economy—[Media] Blames Republicans

Canada

The actual facts of why the US—and now the world—economy are in severe jeopardy have little to nothing to do with the current US administration or Republicans. However, with the Democrats’ and their media continuing to call and report the Republicans responsible, the public might never know the difference. Despite all proof to the contrary, the media—AKA the usual suspects—refuse to report on the actual programs that led to the current debacle.

This is called “faked and manufactured news.”

Note: This contrived “news” is also what will most likely end up being our only source in an Obama administration. Get ready folks. The days of opposition to any and all leftist policies and regimes in the USA are coming to an end.

[she's referring to the return of the {I'm serious} "Fairness Doctrine", whereby virtually all conservative talk radio will no longer be commercially viable, which is almost certainly to be enacted by an Obama administration. If so, her contentions are not exaggerations.

And if you're still not clear on the real cause of our financial pickle, Recommended > ]

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NBC Scrubs 'SNL' Anti-Democrat Bailout Skit From Website

As NewsBusters reported Sunday, NBC's "Saturday Night Live" in its most recent installment did an extraordinary skit which amongst other things accurately blamed Democrats for the current financial crisis. Early Sunday morning, as is customary for NBC, the video of this sketch was posted at its website.

Some time Monday, it was taken down without any explanation.

[allow me: it lampooned the wrong party]

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Obama leaves a bigger deficit

By 2013 Barack Obama would outspend John McCain by at least $27 billion and as much as $119 billion, according to a new analysis of their tax and spending proposals.

McCain would cut taxes more than Obama, but would make deeper spending cuts, too, leaving him less in the red, according to the Committee for a Responsible Federal Budget, headed by a former top Clinton administration official.

[make no mistake, Obama's increasing poll numbers contribute the Wall Street's apprehensions: they know the detrimental effect his policies will have on the economy]

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ABC News: Two Debates Down, Two Wins for Obama
ABC

CBS Poll: Uncommitted Voters Say Obama Won Debate
CBS

Obama Wins the Second Presidential Debate
NBC

Obama picks up second debate win
CNN

[and my personal favorite:]

Valley high school students say Obama won second debate
San Jose Mercury News

[you know, the usual]
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It's worth noting when someone as distinguished as actor Jon Voight directly warned media Saturday to quit lying in this election, if only for the sake of democracy. But lying is exactly what's been stepped up.

The latest manifestation of media bias was a bizarre Associated Press "analysis" claiming racism in Sarah Palin's warning over the weekend about Barack Obama's long association with Bill Ayers, founder of the Weather Underground terror organization.

AP reporter Douglass K. Daniels claimed that Palin's questioning of Obama's association with the white radical child of privilege was "racially tinged." The verbal stink bomb keyed off Palin's statement that Obama "is not a man who sees America like you and I see America. We see it as a force of good in this world." To Daniels, this was racist.

It was the latest instance of increasingly undisguised media efforts to act as an unofficial branch of the Obama campaign.

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ABC's David Wright: What's Worse? Bomber Ayers or Keating 5 Scandal?

For the second time on Monday, ABC reporter David Wright continued to spin and justify Barack Obama's relationship with former terrorist bomber William Ayers. On the October 6 edition of "Nightline," he compared the McCain campaign's comments about the ex-domestic terrorist with the Obama team's new ads centering on the Arizona senator and the Keating 5 scandal. Wright wondered,

"Which is worse, a radical terrorist who wanted to blow up the Pentagon 40 years ago or a crooked banker whose failed savings and loan had to be bailed out by the taxpayers 20 years ago?"

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[BTW: FLASHBACK: NNBrief-081026 > They Gave Your Mortgage to a Less Qualified Minority =

"McCain was "in the middle of" the Keating Five case in the sense that he was exonerated."]

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Crime passionel

From the statement of educators in support of Bill Ayers: (Snip) "It’s true that Professor Ayers participated passionately in the civil rights and antiwar movements of the 1960s, as did hundreds of thousands of Americans".

Really? Hundreds of thousands of Americans plotted to kill soldiers and their dates by blowing them up at a dance?

No wonder Barack's ahead in the polls.

[apparently professional educators and journalists share much in common]

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NBC Hides Ayers Bombing Past

Now that Sarah Palin has made Barack Obama's history with William Ayers front and center in the campaign the mainstream media is doing their best to ignore some of the more explosive aspects of Ayers' past. On Monday's "Today" show NBC's Andrea Mitchell merely identified Ayers as a "sixties radical" and cited the New York Times as dismissing the Obama connection as, "the two men do not appear to have been close."

As the following excerpt shows, Mitchell conveniently forgot to mention the reason Palin and others regard Ayers as a terrorist, the fact the he, as a part of the Weather Underground, actually bombed police stations and the Pentagon...

[oh come on now, what would a professional journalist see in the history of a real live terrorist when they've got Todd Palin's 20 year old DUI to report on... ]

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Obama Brushes Off Terrorist Ties, But CNN Digs Deeper & Finds There's More to the Story

[credit where due]

... Ayers, however, was far from being just another guy. He co-founded the organization Weather Undergroud [recommended if you're unfamiliar], which took credit for multiple bombings and targeted the Pentagon and the Capitol. Ayers' case was later dropped due to technicalities, and he joined the faculty at the University of Illinois [I'm shocked] in Chicago. AS the CNN piece revealed, Ayers may no longer use force, but he is still a [extreme] radical... [snip]

According to CNN, Obama was "recruited as the chair" of Ayers' organization aimed at bringing the Annenberg project schools in order to improve the system: "For seven years, Bill Ayers and Obama, among others, worked on funding for education projects including some 'experiments' supported by Ayers."

CNN also found that Ayers and Obama served on the board of a second organization, the Woods fund. "Among its receipients: Jeremiah Wright's Trinity Church where Obama attended and a children and family justice center where Ayers' wife worked."

The CNN investigation concludes:

"The chairmanship of the $100 million Annenberg board helped volt him from southside Chicago lawyer to political player and that too has another connection to Bill Ayers.” Shortly after joining the Annenberg board in 1995, a female state senator appointed Barack Obama as her apparent political heir. “Where was that introduction made?” CNN questioned? Simple: “in the home of the 60s radicals Bill Ayers and Bernadine Dohrn."

[i.e., it's not a case of simple acquaintance; these folks were ideological allies and activists with Obama, over years, and that disturbs me greatly {Obama's 'he's just a neighbor' response doesn't speak well of his character, either}]

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Supreme Court shuns appeal by ex-professor in terror case

The U.S. Supreme Court on Monday declined to hear an appeal from a former Florida professor trying to get the court involved in federal prosecutors' efforts to have him testify about terror financing.

The high court's decision eliminates one of two major impediments that have stalled prosecutors from bringing ex-professor Sami Al-Arian to trial for refusing to testify to a grand jury.

[a professor - how shocking]

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CHUCK'S CHUTZPAH

Well, no one ever accused Sen. Chuck Schumer of letting any sense of shame hold him back.

Ditto for irony. Still, it was a bit surreal to see Schumer - one of the prime apologists for the faulty federally backed mortgages now dealing body-blows to the US financial system - laying the groundwork yesterday for yet more government meddling in the loan business.

"We need to build an impermeable wall around the student-loan market to protect our kids from this financial crisis," he said at Stuyvesant HS in Manhattan.

It's unclear exactly what such an "impermeable wall" might look like, though Schumer said he had asked Treasury Secretary Hank Paulson to pay "special attention" to student loans. He also called for a commission to figure out how the federal government can expand its loan program.

But one thing's for sure: This kind of talk should make taxpayers exceedingly nervous...

[sometimes the words crisis and panic are justified]

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LA NOW Prez on Palin: 'America, This is What a Feminist Looks Like'

Shelly Mandell, the president of the Los Angeles chapter of the National Organization for Women introduced Alaska Gov. Sarah Palin over the weekend in California, speaking not on behalf of NOW but ''as an individual, as a woman's rights activist for 30 years who has worked for all those years to see this day.''

''America,'' Mandell said, ''this is what a feminist looks like.''

'Balancing Blackberry and baby'

[kudos - pity about her career in NOW]

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Obama Earmarks Benefited Donors and Relatives, Group Says

As an Illinois state legislator, Sen. Barack Obama secured at least $300,000 to fund projects that benefited friends, relatives and contributors, according to a government watchdog group.

Those projects included a botanical garden that was never built, a church with a controversial pastor and an organization headed by Michelle Obama’s cousin.

[what 'change'? we've these shenanigans already...]

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[Highly Recommended:]

Sowing ACORNs to reap the biggest oak tree there is...


"From tiny ACORNs mighty oaks do grow" is the old slogan, from which the revolutionary organization ACORN derives its name. Like so many little hints dropped by the Left, you get a very clear message if you just think about it from their neo-Marxist revolutionary point of view.

In the same way, the Sixties Weathermen Underground bombers got their name from a Bob Dylan line, "You don't need a weatherman to know which way the wind is blowing." The bombs set in the Sixties by the Weatherman Underground were just a means to an end: Ayers and Dohrn wanted to become famous and earn their Leftist street cred. They didn't care if people died to make it happen. You gotta break some eggs to make that omelet... [snip]

After the Sixties the New Left "Marched Through the Institutions" -- a phrase derived from Mao Zedong, who may have killed some 40 million Chinese, but of course that is not relevant to Professor Ayers. The Boomer Left was wildly successful and conquered America and Europe from within. That is why our media, our culture, and our education system are what they are today. You can tell what a politician thinks today by his or her relationship to the Boomer Left. (Think Hillary versus Sarah.) [snip]

Obama's career path was constantly greased by Leftist zealots, well into Harvard Law and beyond. To get to Harvard he was backed by ranting black radical Don Warden, now known as Khaleed Al-Mansoor, a close advisor to both the Black Panthers and Saudi Prince Bin Talal... [snip]

This whole campaign is dominated by double messages: Obama pretends to be a traditional American politician, while dropping constant winks and nods to the radical Left, who are yucking it up in the background. The message? "I'm your guy. Let me lie to the sucker masses, and we'll clean them out after I get into the White House."

[this is the best piece I've seen yet at conveying the pattern of formative associations throughout his life I've been reading of piecemeal over much of the last two years. None of which, individually, mean much of anything. Their cumulative total, however, I do find disturbing - especially the recurring 'slips' and 'misunderstood' comments that I'm no longer certain were either. Long piece, but as I said the best single piece, with specificity, I've seen that address the lifelong makeup of this man we're considering making the world's most powerful - please read - Highly Recommended > ]

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