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Recent Posts by Rich Gardner

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• > Susan B. Komen’s Monumental “Blurt” FAIL!
• > The $2,000 Insult in the Foreclosure Fraud Settlement
• > The Housing Crisis - updated
• > Schneiderman Victims: Share Your Thoughts on the Settlement

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• Wall Street Excess and Main Street Distress: the Apple Connection


• > Round-up of events - Nov 30th to Dec 9th
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Jerome Corsi claims on WorldNetDaily that President Obama's e-e-evil-l-l plan for world domination, or at least domination of the US, a country that he became president of about a year ago, has three critical elements that Obama's organization of e-e-evil-l-l-l henchmen (ACORN) is following:

1. Register as many Democratic voters as possible, legal or otherwise, and help them vote, multiple times if possible;
2. Overwhelm the system with fraudulent registrations using multiple entries of the same name, names of deceased and names selected at random from the phone book; and
3. Make the system difficult to police by lobbying for minimal identification standards required of voters arriving at polling stations to vote.

'Course, there are a couple of problems with all three items. The Brennan Center for Justice at the NYU Law School has been examining cases of "Voter Fraud" (Voting multiple times, fraudulent registrations, etc) and finds that the problem is hugely overstated. The State of Indiana attempted in 2007 to pass a law requiring tougher identification standards (See point #3 above), was challenged and was completely unable to provide (PDF) a single example (Out of an estimated 400 million votes cast since 2000) of a case of Voter Fraud that could have been prevented via tighter ID requirements.

But anyway, aside from Corsi attempting to use an elephant gun on a mosquito, Corsi is very, very, deeply concerned that Obama is attempting to destroy capitalism. If he were, this would certainly come as news to Timothy Geithner, the head of the US Treasury who was the CEO of the Federal Reserve Bank of New York and served as Under Secretary of the Treasury for International Affairs from 1999 to 2001 under Secretaries Robert Rubin and Lawrence Summers. Geithner just recently acted to renew the $700 billion Troubled Asset Relief Program until late next year, so it's pretty difficult to figure out how this substantiates the charge that the Obama Administration is trying to destroy capitalism. Corsi then devotes the last seven paragraphs of his piece attacking George Soros and his "inexplicable" hatred for George W. Bush, but how anybody could disagree that Bush and his people stomped all over the Constitution with muddy, hobnailed boots is the part that I find utterly and completely inexplicable.

One question that Corsi raises is how much did the de-regulation of the financial sector have to do with the "Great Recession" that's just now ending? Not a whole lot, the economist Dean Baker claims. He mostly blames the housing bubble and lots of miscellaneous acts of irresponsibility. Yes, the 1930s law Glass-Steagall was canceled on Clinton's watch and no, it was not a good decision. So yes, blame for America's economic mess is, to at least some extent, a bipartisan one.