Click on the above for the answer
"Obama, who has family in Kenya, is proposing his own bailout of Africa."
--from "Obama's Rapid Response Backfires" (see below)
No Contest
By INVESTOR'S BUSINESS DAILY Posted Monday, August 18, 2008 4:20 PM PT
Election '08: Last weekend's McCain-Obama protodebate made it clear why Obama won't keep his promise to debate McCain "anywhere, anytime." McCain, with a robust resume and details at his fingertips, won big.
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Read More: Election 2008 Religion
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It was only in May that Sen. Barack Obama cockily proclaimed he would debate Sen. John McCain "anywhere, anytime." But in June, Obama said no to McCain's challenge to have 10 one-on-one town hall meetings.
After what happened at Lake Forest, Calif.'s evangelical Saddleback megachurch Saturday evening, we may have found that debating is Obama's Achilles' heel. Whether or not you like the idea of such events being held in religious venues, the plain-and-simple method of questioning used by Saddleback pastor and best-selling author Rick Warren revealed fundamental differences between these two men.
"It's one of those situations where the devil is in the details," Obama said at one point. He could have been referring to his own oratorical shortcomings when a teleprompter is unavailable. We learned a lot more about the real Obama at Saddleback than we will next week as he delivers his acceptance speech in Denver before a massive stadium crowd.
The stark differences between the two came through the most on the question of whether there is evil in the world. Obama spoke of evil within America, "in parents who have viciously abused their children." According to the Democrat, we can't really erase evil in the world because "that is God's task." And we have to "have some humility in how we approach the issue of confronting evil."
For McCain, with a global war on terror raging, there was no equivocating: We must "defeat" evil. If al-Qaida's placing of suicide vests on mentally-disabled women and then blowing them up by remote control in a Baghdad market isn't evil, he asked: "You have to tell me what is."
Asked to name figures he would rely on for advice, Obama gave the stock answer of family members. McCain pointed to Gen. David Petraeus, Iraq's scourge of the surge; Democratic Rep. John Lewis, who "had his skull fractured" by white racists while protesting for civil rights in the 60s; plus Internet entrepreneur Meg Whitman, the innovative former CEO of eBay.
When Warren inquired into changes of mind on big issues, Obama fretted about welfare reform; McCain unashamedly said "drilling" — for reasons of national security and economic need.
On taxes, Obama waxed political: "What I'm trying to do is create a sense of balance and fairness in our tax code." McCain showed an understanding of what drives a free economy: "I don't want to take any money from the rich. I want everybody to get rich. I don't believe in class warfare or redistribution of the wealth."
To any honest observer, the differences between John McCain and Barack Obama have been evident all along. What we saw last weekend was Obama's shallowness juxtaposed with McCain's depth, the product of his extraordinary life experience.
It may not have been a debate, but it was one of the most lopsided political contests in memory. No wonder Obama wants to keep debate formats boring and predictable.
http://www.ibdeditorials.com/IBDArticles.aspx?id=303952351194789
Obama's Rapid Response Backfires
By INVESTOR'S BUSINESS DAILY Posted Monday, August 18, 2008 4:20 PM PT
Election '08: Barack Obama's fierce attack on Jerome Corsi's best-selling book, "The Obama Nation," has backfired. He has been forced to confirm things he'd hoped would stay buried.
Read More: Election 2008
Obama, for example, for the first time has acknowledged that the mysterious "Frank" in his 1995 autobiography, "Dreams From My Father," is in fact Communist Party USA member Frank Marshall Davis, who during the height of the Cold War was investigated by both the FBI and Congress as a pawn of Moscow.
As we've noted, the late Davis was Obama's early mentor with whom he shared whiskey and rage while growing up in Hawaii. The militant black poet influenced the young Obama's decision to become a pro-labor community organizer and agitator in his hometown of Chicago.
Corsi writes about Davis in his critical new book, "The Obama Nation," which has hit No. 1 on the New York Times best-seller list. In an unusual 40-page rebuttal posted on his campaign Web site, Obama tries to smear the entire book as a "series of lies."
Only, Corsi's book is basically a critique of Obama's own first book, "Dreams From My Father," written in 1995. It finds hole after hole in the narrative. Dates don't add up. Stories don't square with reality. Identities of central characters like Davis are hidden from view.
In his angrily worded report, Obama attempts to play down the influence Corsi says Davis had on him. But he doesn't dispute anything the book documents about Davis' un-American activities with the Soviets.
Instead, Obama takes issue with Corsi claiming Davis' angry poems provided "a voice for Obama's black rage." He calls it a "lie."
In fact, Obama's own words appear to support the claim. On Page 171 of "Dreams," Obama flies into a fit over chronic black poverty in Chicago's South Side, blaming whites who took flight to the crime-free suburbs and took jobs with them. He's overcome by the same black rage Davis radiated in his Waikiki bungalow years earlier.
Obama took to heart Davis' advice to "keep your eyes open" to signs of institutional racism. He became race-conscious like never before. He admits he never "let it go," even when he could see that overt racism was a thing of the past.
But that wasn't even the point Corsi was making in his section on Davis, which he subtitled "Obama's Communist Mentor." The issue of black rage was a side point. The main point is Davis' communist influence, something voters have a right to know more about.
Obama in his rebuttal leaves that point completely unaddressed. He doesn't want to go there — for obvious reasons.
Obama's rapid response to Corsi's alleged "swift-boating" backfires again in the same report when he defends his wife, Michelle, against the charge that she was influenced by another black Marxist revolutionist, Stokely Carmichael, in formulating her Princeton thesis on black separatism.
Again, Obama calls it a "lie." But turning to Page 139 of his memoir, "Dreams," we find that he himself was inspired by Carmichael, a civil rights leader turned militant black nationalist. Changing his name to Kwame Toure, Carmichael wrote a book on "Black Power" that propounds an explicitly socialist, Pan-African vision.
While living in New York, Obama says he was in "search of some inspiration" one day and "went to hear Kwame Toure, formerly Stokely Carmichael of SNCC and Black Power fame, speak at Columbia." He clearly knew the background of the source for his inspiration that day.
"At the entrance to the auditorium, two women, one black, one Asian, were selling Marxist literature and arguing with each other about Trotsky's place in history," he wrote, describing the scene. "Inside, Toure was proposing a program to establish economic ties between Africa and Harlem that would circumvent white capitalist imperialism."
Obama, who has family in Kenya, is proposing his own bailout of Africa.
Obama wants to run from this radical past, but his first memoir — written long before he had serious White House aspirations — is a peek into his soul. "Dreams" has become more of a nightmare, and he may just come to regret ever writing it.
http://www.ibdeditorials.com/IBDArticles.aspx?id=303953050138122
Like Father, Like Son
By INVESTOR'S BUSINESS DAILY Posted Monday, August 18, 2008 4:20 PM PT
Election '08: Barack Obama's economic blueprint sounds like one his communist father tried to foist on Kenya 40 years ago, with massive taxes and succor shrouded as "investments."
IBD Series: The Audacity Of Socialism
As a Nairobi bureaucrat, Barack Hussein Obama Sr. advised the pro-Western Kenyan government there to "redistribute" income through higher taxes. He also demonized corporations and called for massive government "investment" in social programs.
Barack Obama Sr., who died in 1982 at age 46 in a Kenya car crash.
Writing in a 1965 scholarly paper, Obama's late father slammed the administration of then-President Jomo Kenyatta for moving the Third World country away from socialism toward capitalism. He chafed at the idea of relying on private investors — who earn "dividends" on their venture capital — to develop the country's fledgling economy.
"What is more important is to find means by which we can redistribute our economic gains to the benefit of all," said the senior Obama, a Harvard-educated economist. "This is the government's obligation." The "means" he had in mind were confiscatory taxes on a scale that redefines the term "progressive taxation."
"Theoretically," he wrote, "there is nothing that can stop the government from taxing 100% of income so long as the people get benefits from the government commensurate with their income which is taxed."
Therefore, he added, "I do not see why the government cannot tax those who have more and syphon some of these revenues into savings which can be utilized in investment for future development."
As Obama's father saw it, taxes couldn't be high enough, so long as the collective benefited. "Certainly there is no limit to taxation if the benefits derived from public services by society measure up to the cost in taxation which they have to pay," he said. "It is a fallacy to say that there is this limit, and it is a fallacy to rely mainly on individual free enterprise to get the savings."
His son is also pushing massive taxes and "investments" in social programs — at the expense of free enterprise. Sen. Obama wants to raise the top marginal income-tax rate to at least 39%, while increasing Social Security taxes on those with higher incomes by completely removing the payroll cap. That means many entrepreneurs would be paying 12.4% (6.2% on employer and 6.2% on employee) on Social Security payroll taxes alone, plus the 2.9% on Medicare taxes, for a total federal tax rate of 54%.
In addition, Obama wants to jack up the capital-gains tax rate and reinstate the death tax.
Echoing his father, he argues that the government should impose "tax laws that restore some balance to the distribution of the nation's wealth."
And likewise, he asserts that the nation's wealth ought to be rechanneled by government into "investments" in the economy and welfare programs that create "a new American social compact."
"We can only compete if our government makes the investments that give us a fighting chance" in the global economy, the Democrat presidential hopeful said in his 2006 book, "The Audacity of Hope." "And if we know that our families have some net beneath which they cannot fall."
"Training must be expanded," his father proposed as one of his government "investments." Likewise, Sen. Obama wants to "invest" billions more in federal jobs retraining.
His father's critique of Kenya's economic policy was published in the East Africa Journal under the title "Problems Facing Our Socialism." One discovers — after reading just a few pages into his eight-page tract, where he waxes quixotic about "communal ownership of major means of production" — that he wasn't criticizing the government for being too socialistic, but not socialistic enough.
Obama Sr. described his own economic plan, his counterproposal, as it were, as "scientific socialism — inter alia — communism." Yes, Obama's father was a communist who wanted to put socialist theory into action — by "force."
He trusted the collective over the individual, a theme he successfully instilled in his son, also Harvard-educated, with whom he visited once for a full month in Hawaii, even speaking to his prep school class. He kept up correspondence with his son through his college years.
(Media accounts portray Obama's father as being completely out of his life after leaving his mother and him at age 2. But Obama's first book, "Dreams From My Father," reveals that he remained an influential force in his life. Obama's first autobiography was devoted to "my father.")
Listen to what "the Old Man," as Obama and his siblings called him, wrote in proposing government-run farms: "If left to the individual, consolidation will take a long time to come. We have to look at priorities in terms of what is good for society, and on this basis we may find it necessary to force people to do things they would not do otherwise."
He explained that "the government should restrict the size of farms that can be owned by one individual throughout the country."
More evil than individuals, Obama's father believed, are heads of corporations. More evil still are the bankers and investors, who conspire to control the world through their evil capitalist system.
"One who has read Marx cannot fail to see that corporations are not only what Marx referred to as the advanced stage of capitalism," he wrote. "But Marx even called it finance capitalism by which a few would control the finances of so many, and through this, have not only economic power but political power as well."
It's clear from Sen. Obama's own writings and speeches that he too is no fan of business or our system of "chaotic and unforgiving capitalism," as he wrote in "Audacity." He's fond of bashing Wall Street "greed" and the post-Reagan rise of individual investing over government investing. He wants to roll back the "Ownership Society." He resents the profit motive and individuals "on the make."
"Rather than vilify the rich," he laments, "we hold them up as role models, and our mythology is steeped in stories of men on the make."
This is no small point. The man who wants to be the nation's CEO actually believes we're living in a feudal society where the rich plunder the poor. And he thinks they should not only be vilified but punished.
"The problems of poverty and racism, the uninsured and the unemployed are rooted in the desire among those at the top of the social ladder to maintain their wealth and status whatever the cost," he wrote. "Solving these problems will require changes in government policy."
That is, massive taxation, among other things (or "inter alia," as his "brilliant" father would say).
Obama wrote in "Dreams From My Father" that he was trying to impress his father by taking a low-paying job organizing and agitating in the Chicago ghetto right out of college. "I did feel that there was something to prove to my father," he said.
Yet, suspiciously, he does not once mention his father's communist leanings in an entire book dedicated to his memory. No doubt he wanted to keep that hidden. All he tells readers is that his father was pushed out of the Kenyatta administration. He does not explain why.
"Word got back to Kenyatta that the Old Man was a troublemaker and he was called in to see the president," Obama wrote, quoting his half-sister, "because he could not keep his mouth shut." About what, we aren't told.
However, Obama writes sympathetically of a comrade of his father, Oginga Odinga, who stepped down as vice president and tried to start his own party. He too was angry that President Kenyatta was letting private investors buy up businesses and land "that should be redistributed to the people," Obama said.
By 1967, two years after Obama Sr. penned his paper, Odinga had been placed under house arrest for holding a rally that turned into a riot.
Like Obama's father, Odinga was a member of the Luo tribe of Kenya. His son, Raila Odinga, ran for president in 2006. That year, Obama traveled to Kenya and appeared with Odinga at rallies where he criticized the pro-U.S. government Odinga wanted to oust.
When he lost the election the next year, despite Obama's tacit endorsement, angry Odinga supporters crying fraud sparked riots that resulted in some 1,500 deaths. Amid his ancestral country's civil unrest, Obama took time out from the campaign trail to phone Odinga to voice his support.
After weeks of violence, Odinga was granted a power-sharing deal. He's now acting prime minister.
He's also a something of a communist like his father. An East German-trained engineer, he named his oldest son after Fidel Castro. Paralleling him, Sen. Obama wants to open dialogue with Cuba and once proposed lifting the trade embargo.
The two sons have much in common. However, the son who would lead the U.S. learned from his father's mistakes and keeps his "mouth shut." Obama learned that revealing his real beliefs can jeopardize his quest for the power needed to put his "redistribution" plans into action.
http://www.ibdeditorials.com/IBDArticles.aspx?id=303952499910291#
Not-So-Special Interests Hold Parties Hostage
By THOMAS SOWELL
We take it for granted that a vote means a secret ballot, but it was not always that way. Moreover, it will not remain that way for workers who... READ MORE
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