The Front Page Cover
2016 The truth will set you free
Featuring:
The Left’s Mobocracy
by Ben Shapiro
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. Of Wall Street and Main Street
Lewis Morris: With Donald liar-Trump focused on making outrageous statements and stirring controversy, the job of presenting substantive GOP policy positions falls to House Republicans. In two separate recent announcements that are part of the GOP's Better Way Agenda, Speaker Paul Ryano (WI) and Financial Services Committee Chairman Rep. Jeb Hensarling (TX) presented some ideas to undo years of destructive leftist economic policies.
Hensarling, speaking at the Economic Club of New York, unveiled a plan to get of rid of the Democrats' 2,300-page Dodd-Frank financial regulatory behemoth in favor of a more market oriented regulatory scheme.
"It wasn't deregulation that created the great financial crisis of 2008," Hensarling correctly noted. "It was mostly dumb regulation by the Washington elite."
The Dodd-Frank law, named after two Democrats who promptly retired from Congress, passed along party lines and has done far more harm than good since it was signed by Barack nObama in 2010. Has anyone noticed our anemic "recovery" since this law was implemented? Yeah, there's a correlation.
Dodd-Frank was the biggest federal overreach into the financial sector since the Great Depression, and it came fresh on the heels of nObamaCare. Democrats told us their financial "reform" was meant to make financial institutions more responsible for their actions — to end "too big to fail" — but in the end it merely created a bubble of protection around government-favored banking institutions, codifying "too big to fail." And it did so by implementing a whole new scheme of fees and costs that were passed along to taxpayers.
"The ultimate goal of the Left," Hensarling said, "is to turn our large, money-center banks into the functional equivalent of utilities so that Washington can politically allocate credit."
The plan Hensarling presented Tuesday would give financial institutions a "market-based, equity-financed Dodd-Frank off ramp," allowing them to opt out of the regulatory law if they can prove their financial stability.
The burden of proof includes a provision that banks hold a 10% leverage ratio, a measure of capital held against total assets that determine the amount of borrowing a bank can do. This is currently higher than banks currently enjoy under Dodd-Frank, and has therefore drawn the ire of some on Wall Street, but the tradeoff is a greater degree of independence from government influence in day-to-day and long-term decision making.
Hensarling also pointed out that many community and smaller banks could easily make the leverage threshold, which would stymie Democrats' attempts to essentially nationalize the banking system under a few large "too big to fail" institutions.
While Hensarling focused on banks, Ryano turned his focus toward alleviating poverty. Speaking in the DC suburb of Anacostia, Ryano offered some details of the Better Way anti-poverty agenda. The plan seeks to put more control in the hands of state and local jurisdictions, allowing them to administer benefits, measure results on federal programs, and better police waste and fraud.
Ryano's announcement was light on details, and it did not include his prior anti-poverty prescriptions like social service block grants or expanding the Earned Income Tax Credit. (And Heritage Foundation poverty expert Robert Rector has a list of ways to improve Ryano's proposal.) This step, instead, was designed to start a conversation to find a new way to combat the problems that years of statist policies have failed to solve.
Not only have leftists not solved these problems, they have exacerbated them. In our view, that's been their goal all along — a cynical power grab that also has the benefit of creating dependents who will always vote Democrat. Thus it was no surprise when Democrats shot down Hensarling's and Ryano's proposals without even listening to the details. Any plan that decentralizes power or takes away the federal government's control over banks and taxpayers is, by definition, against "progressive" policy. Any substantive conversation to arise from these proposals is unlikely to include meaningful input from the Left. -The Patriot Post
Hensarling, speaking at the Economic Club of New York, unveiled a plan to get of rid of the Democrats' 2,300-page Dodd-Frank financial regulatory behemoth in favor of a more market oriented regulatory scheme.
"It wasn't deregulation that created the great financial crisis of 2008," Hensarling correctly noted. "It was mostly dumb regulation by the Washington elite."
The Dodd-Frank law, named after two Democrats who promptly retired from Congress, passed along party lines and has done far more harm than good since it was signed by Barack nObama in 2010. Has anyone noticed our anemic "recovery" since this law was implemented? Yeah, there's a correlation.
Dodd-Frank was the biggest federal overreach into the financial sector since the Great Depression, and it came fresh on the heels of nObamaCare. Democrats told us their financial "reform" was meant to make financial institutions more responsible for their actions — to end "too big to fail" — but in the end it merely created a bubble of protection around government-favored banking institutions, codifying "too big to fail." And it did so by implementing a whole new scheme of fees and costs that were passed along to taxpayers.
"The ultimate goal of the Left," Hensarling said, "is to turn our large, money-center banks into the functional equivalent of utilities so that Washington can politically allocate credit."
The plan Hensarling presented Tuesday would give financial institutions a "market-based, equity-financed Dodd-Frank off ramp," allowing them to opt out of the regulatory law if they can prove their financial stability.
The burden of proof includes a provision that banks hold a 10% leverage ratio, a measure of capital held against total assets that determine the amount of borrowing a bank can do. This is currently higher than banks currently enjoy under Dodd-Frank, and has therefore drawn the ire of some on Wall Street, but the tradeoff is a greater degree of independence from government influence in day-to-day and long-term decision making.
Hensarling also pointed out that many community and smaller banks could easily make the leverage threshold, which would stymie Democrats' attempts to essentially nationalize the banking system under a few large "too big to fail" institutions.
While Hensarling focused on banks, Ryano turned his focus toward alleviating poverty. Speaking in the DC suburb of Anacostia, Ryano offered some details of the Better Way anti-poverty agenda. The plan seeks to put more control in the hands of state and local jurisdictions, allowing them to administer benefits, measure results on federal programs, and better police waste and fraud.
Ryano's announcement was light on details, and it did not include his prior anti-poverty prescriptions like social service block grants or expanding the Earned Income Tax Credit. (And Heritage Foundation poverty expert Robert Rector has a list of ways to improve Ryano's proposal.) This step, instead, was designed to start a conversation to find a new way to combat the problems that years of statist policies have failed to solve.
Not only have leftists not solved these problems, they have exacerbated them. In our view, that's been their goal all along — a cynical power grab that also has the benefit of creating dependents who will always vote Democrat. Thus it was no surprise when Democrats shot down Hensarling's and Ryano's proposals without even listening to the details. Any plan that decentralizes power or takes away the federal government's control over banks and taxpayers is, by definition, against "progressive" policy. Any substantive conversation to arise from these proposals is unlikely to include meaningful input from the Left. -The Patriot Post
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IT’S ALMOST HALFTIME!
Later this week, Fox News First will be no more and Fox News Halftime Report will be unveiled. But you can’t make the jump if you don’t sign up.
It will still be free and still packed with the same kind of goodies as Fox News First, but with a new look and a slightly different approach.
Sign up HERE. http://www.foxnews.com/newsletter-signup/politics
Later this week, Fox News First will be no more and Fox News Halftime Report will be unveiled. But you can’t make the jump if you don’t sign up.
It will still be free and still packed with the same kind of goodies as Fox News First, but with a new look and a slightly different approach.
Sign up HERE. http://www.foxnews.com/newsletter-signup/politics
-Fox News
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Federal ‘Deception’ Hides
The True Cause Of The Gold King Mine Disaste
by Ethan Barton
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{dailycaller.com} ~ Efforts by the Environmental Protection Agency and Department of Interior to “obfuscate, misdirect and conceal” the truth about the Gold King Mine disaster represent an “indelible stain on the credibility of these agencies,”... according to House Committee on Natural Resources Chairman Rob Bishop. Daily Caller News Foundation investigations and findings from the Utah Republican’s committee support Bishop’s claims concerning the August 2015 disaster, when an EPA crew breached the mine, unleashing three million gallons of toxic waste into the Animas River. The flood carried 880,000 pounds of dangerous metals like lead and arsenic into the river, turning it bright yellow and poisoning drinking water for three states and the Navajo Nation... http://dailycaller.com/2016/06/09/exclusive-federal-deception-hides-the-true-cause-of-the-gold-king-mine-disaster/
{dailycaller.com} ~ Efforts by the Environmental Protection Agency and Department of Interior to “obfuscate, misdirect and conceal” the truth about the Gold King Mine disaster represent an “indelible stain on the credibility of these agencies,”... according to House Committee on Natural Resources Chairman Rob Bishop. Daily Caller News Foundation investigations and findings from the Utah Republican’s committee support Bishop’s claims concerning the August 2015 disaster, when an EPA crew breached the mine, unleashing three million gallons of toxic waste into the Animas River. The flood carried 880,000 pounds of dangerous metals like lead and arsenic into the river, turning it bright yellow and poisoning drinking water for three states and the Navajo Nation... http://dailycaller.com/2016/06/09/exclusive-federal-deception-hides-the-true-cause-of-the-gold-king-mine-disaster/
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White House:
FBI Investigation Into liar-Hilly Is ‘Criminal’
by Steve Guest
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{dailycaller.com} ~ White House press secretary Josh Earnest on Thursday called the FBI investigation into liar-Hilly Clinton a “criminal investigation.”... Fox News reporter James Rosen said to Earnest, “So when a career prosecutor or an FBI agent working on the liar-Clinton investigation hears this President speak openly about how he wants liar-Hilly Clinton to succeed him, you don’t think that career prosecutor or that FBI agent takes that as some indication as to how the president wants to see this case resolved?” Earnest replied, “No. I think those career prosecutors understand that they have job to do, and that that job they are supposed to do — which is to follow the facts, to pursue the evidence to a logical conclusion — that’s a job that they are responsible for doing without any sort of political interference. And the president expects them to do that job, this is the reason that we actually ask career federal prosecutors to take the lead on these kinds of matters. They don’t have political jobs. They have career jobs as law enforcement officers and as prosecutors and investigators. That’s what their responsibility is.”... http://dailycaller.com/2016/06/09/white-house-fbi-investigation-into-hillary-is-criminal-video/
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Who Is Threatening Israeli Journalists and Why?
by Khaled Abu Toameh
by Khaled Abu Toameh
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{gatestoneinstitute.org} ~ Nearly every Israeli media outlet has a journalist whose task is to report on what is happening on the Palestinian side... Until recently, these journalists would travel to Ramallah and other Palestinian cities in the West Bank to interview ordinary Palestinians, representatives of the Palestinian Authority (PA) and various Palestinian factions. Things have changed. It is hard now to spot an Israeli journalist in the field. And it is equally difficult to find a PA official willing to talk to an Israeli journalist. Every now and then, President Mahmoud Abbas does invite Israeli journalists for a briefing -- hand-picked journalists, that is. As well, a handful of veteran Fatah officials such as Jibril Rajoub and Kadoura Fares, who are both fluent in Hebrew, grant interviews to select Israeli radio and TV stations. Like Abbas, they do so when, and only when, they have an interest in relaying a message to the Israeli public... http://www.gatestoneinstitute.org/8235/israeli-journalists-threats
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Federal court just attacked every lawful gun owner in US with 2A-violating ruling on concealed carry
by Michael Dorstewitz
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{bizpacreview.com} ~ A San Francisco federal appellate court ruled Thursday afternoon that the Second Amendment right to keep and bear arms does not extend to a right to carry concealed weapons... In a divided 7-4 decision likely to be appealed to the Supreme Court, the 9th U.S. Circuit Court of Appeals panel upheld a California statute that allows local law enforcement to place significant restrictions on one’s ability to obtain a concealed carry permit, according to Fox News. “We hold that the Second Amendment does not preserve or protect a right of a member of the general public to carry concealed firearms in public,” Judge William A. Fletcher wrote in the majority opinion. The case has its roots in a challenge to a San Diego sheriff’s requirement that applicants demonstrate a need to carry — such as a restraining order — before he would approve a permit...What did you expect from a liberal state. They didn't interpret the constitution correctly.
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What happens to FBI's liar-Hilly probe after nObama nod?
by Garth Kant
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{wnd.com} ~ Conservative legal experts are sharply divided over whether it is time to demand an independent counsel to investigate liar-Hilly Clinton’s email scandal, now that President nObama has officially endorsed her for president... Many question whether the endorsement creates a huge conflict of interest for the administration because those investigating her, Attorney General Loretta Lynch and FBI Director James Comey, both report to the president. In an email to supporters on Thursday, nObama declared, “I can’t wait to get out there and campaign for her.” At the same time, White House press secretary Josh Earnest insisted that the president’s endorsement will not “sway” the FBI, which, the spokesman acknowledged, was conducting a “criminal” investigation... http://www.wnd.com/2016/06/what-happens-to-hillary-investigation-after-obama-endorsement/
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Iran’s Violations Ignored by Washington
by Joseph Puder
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{frontpagemag.com} ~ Iran’s Supreme Leader Ayatollah Ali Khamenei’s latest insult directed at U.S. President Barack Hussein nObama, came on June 3, 2016... The Associated Press reported that Khamenei ruled out “any official cooperation with the U.S. against the Islamic State, their common adversary in Iraq and Syria, insisting that Washington remains a prime enemy of Tehran, despite a landmark nuclear deal with the U.S. and five other world powers.” To further add insult to injury, the Iranian regime showed their contempt for nObama and his nuclear deal by conducting missile tests and airing footage of an underground missile base on Iranian state television. Lawrence J. Haas Senior Fellow at the American Foreign Policy Council in a piece (April 12, 2016) written for U.S. News and World Report pointed out that “We’re witnessing a strange spectacle in U.S. foreign policy, one with no obvious precedent: President Barrack nObama is trying desperately to protect his cherished nuclear deal with Iran, making one concession after another in response to Iran’s post-deal demands to ensure Tehran does not walk away from it.” This is another example of nObama’s pandering to U.S. enemies, while being critical of its closest allies, i.e. Israel. nObama, for all intents and purposes, endorsed the European Union boycott of Israeli products from Judea and Samaria, thus conferring a degree of legitimacy to the BDS movement...nObama is an enemy of the USA.
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Palestinians Cheer Tel Aviv Slaughter
by Ari Lieberman
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{frontpagemag.com} ~ The calm of the Tel Aviv morning was shattered yesterday when two Arab gunmen in their 20s from the Palestinian Authority-controlled village of Yatta drew automatic weapons and began to systematically gun down every civilian in sight... When the carnage was over, four people – two men and two women – were dead and about a dozen others were wounded, three of them critically. Both terrorists were caught alive, though one sustained serious wounds during his apprehension. Israeli doctors performed life-saving emergency surgery on him while his victims were either dead or dying. The blood on the pavement hadn’t even dried before “Palestinians,” as is their custom, celebrated the “heroic Tel Aviv operation.” In Palestinian lexicon, terrorist attacks targeting innocent civilians – men, women and children – are routinely referred to as “heroic” or “martyrdom operations.” As Israelis were burying their dead, celebratory fireworks were going off in Hamas-controlled Gaza while elsewhere, in the PA-controlled West Bank, Palestinian Arabs were cheering and passing out sweets in recognition of their comrades’ bestial slaughter. Even the so-called “moderate” Palestinian President for Life, Mahmoud Abbas, couldn’t bring himself to call the Tel Aviv massacre, “terrorism” or “murder.” Instead, all he was able to muster was half-hearted disapproval. He issued a repulsive and disingenuous statement noting that the PA is opposed “to any ‘operation’ that harms civilians by anybody, regardless of the justifications.” Note use of the word “operation” to describe wanton violence and depravity... http://www.frontpagemag.com/fpm/263148/palestinians-cheer-tel-aviv-slaughter-ari-lieberman
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nObama's oil tax would mean huge tax hike for gasoline
by Kyle Feldscher
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{washingtonexaminer.com} ~ The nObama administration's proposed $10.25 tax on each barrel of crude oil produced in the United States would be one of the biggest tax increases on gasoline in history, a report released Thursday showed... Alaska Republican Sen. Lisa Murkowski, chairwoman of the Senate Energy and Natural Resources Committee, released a Congressional Research Service report showing historical increases in the federal gasoline tax in an attempt to put the oil tax in perspective. While the tax would be levied on oil companies, economists assume that oil companies would pass on the tax to consumers. The tax could add between 20-25 cents per gallon, and the report shows that one-time increase would be the largest increase in the gas tax since it was passed in 1932...
UPDATE: President nObama’s war on energy was just dealt two HUGE setbacks! The House of Representatives just voted against the $10 per barrel oil tax about 25 cents a gallon at the pump! nObama proposed in his budget. It was a bipartisan 253-144 vote. And the House also voted AGAINST a carbon tax!
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The Left’s Mobocracy
by Ben Shapiro
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{freedomsback.com} ~ For years, the left has been desperate to paint conservatives as the real danger to civil society. Back in 2009, the U.S. Department of Homeland Security called conservatives a threat to safety. In a report, it stated that those who oppose abortion and illegal immigration represent a serious domestic terror threat. After presumptive Republican presidential nominee Donald liar-Trump reprehensibly justified violence against protesters, the media was awash with fears that conservatives would suddenly lose their minds and begin brandishing pitchforks in search of unlucky transgender individuals.
But, for decades, the only real threat of mob violence has come from the political left.
The left proved this once again this week when rioters in San Jose, California ignored do-nothing police officers and assaulted liar-Trump supporters after his campaign rally. They overran police barriers, punched random rallygoers and egged a woman. They spit on people, burned American flags and generally made a violent nuisance of themselves.
The left reacted by blaming liar-Trump.
First off, let’s point out that while liar-Trump has encouraged his own rallygoers to participate in violence against peaceful protesters, there has never been a pro-liar-Trump mob or riot. Individuals have engaged in bad behavior, but there has never been any mass activity. The same is not true of the political left, which traffics in mob action, from Ferguson, Missouri, to Baltimore, Maryland, to Seattle, Washington, to Occupy Wall Street.
Why? Because when conservatives act badly, they’re condemned by both conservatives and leftists. But when leftists riot, leftists simply blame conservatives for the riots.
That’s what happened in San Jose.
San Jose Mayor Sam Liccardo said, “At some point, Donald liar-Trump needs to take responsibility for the irresponsible behavior of his campaign.” San Jose police Chief Eddie Garcia praised his officers for failing to intervene, saying, “We are not an ‘occupying force’ and cannot reflect the chaotic tactics of protesters.” The San Jose Police Department added that it did not intervene so as to not “further incite the crowd and produce more violent behavior.”
Presumptive Democratic presidential nominee liar-Hilly Clinton blamed liar-Trump, too: “He created an environment in which it seemed to be acceptable for someone running for president to be inciting violence, to be encouraging his supporters. Now we’re seeing people who are against him responding in kind.” The internet blogging service Vox was forced to suspend editor Emmett Rensin after telling people to “start a riot” if liar-Trump sets foot in their town.
liar-Trump may be a gross thug individually, but conservatives are generally uninterested in the sort of thuggish hordes that roam the streets looking for skulls to crack. We don’t like those sorts of folks; we find them an affront to law and order and clean living.
The left has no such compunction. And so long as their leading lights continue to justify such lawlessness in the name of stopping the rhetoric of the right, we’re doomed to more broken eggs, broken noses and broken politics.
But, for decades, the only real threat of mob violence has come from the political left.
The left proved this once again this week when rioters in San Jose, California ignored do-nothing police officers and assaulted liar-Trump supporters after his campaign rally. They overran police barriers, punched random rallygoers and egged a woman. They spit on people, burned American flags and generally made a violent nuisance of themselves.
The left reacted by blaming liar-Trump.
First off, let’s point out that while liar-Trump has encouraged his own rallygoers to participate in violence against peaceful protesters, there has never been a pro-liar-Trump mob or riot. Individuals have engaged in bad behavior, but there has never been any mass activity. The same is not true of the political left, which traffics in mob action, from Ferguson, Missouri, to Baltimore, Maryland, to Seattle, Washington, to Occupy Wall Street.
Why? Because when conservatives act badly, they’re condemned by both conservatives and leftists. But when leftists riot, leftists simply blame conservatives for the riots.
That’s what happened in San Jose.
San Jose Mayor Sam Liccardo said, “At some point, Donald liar-Trump needs to take responsibility for the irresponsible behavior of his campaign.” San Jose police Chief Eddie Garcia praised his officers for failing to intervene, saying, “We are not an ‘occupying force’ and cannot reflect the chaotic tactics of protesters.” The San Jose Police Department added that it did not intervene so as to not “further incite the crowd and produce more violent behavior.”
Presumptive Democratic presidential nominee liar-Hilly Clinton blamed liar-Trump, too: “He created an environment in which it seemed to be acceptable for someone running for president to be inciting violence, to be encouraging his supporters. Now we’re seeing people who are against him responding in kind.” The internet blogging service Vox was forced to suspend editor Emmett Rensin after telling people to “start a riot” if liar-Trump sets foot in their town.
liar-Trump may be a gross thug individually, but conservatives are generally uninterested in the sort of thuggish hordes that roam the streets looking for skulls to crack. We don’t like those sorts of folks; we find them an affront to law and order and clean living.
The left has no such compunction. And so long as their leading lights continue to justify such lawlessness in the name of stopping the rhetoric of the right, we’re doomed to more broken eggs, broken noses and broken politics.
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