Do you know — and more important, do your Representatives and Senators know — that the just-passed Dodd-Frank financial reform bill will unleash a tsunami or racial quotas on financial regulatory agencies and, inevitably, on the financial industry itself?  Not if you rely on the New York Times, the Washington Post, and their network news equivalents.

Diana Furchtgott-Roth of the Hudson Institute, a veritable one-woman truth squad on this issue, raised the alarm here, here, and here, and her warning was discussed by Andy McCarthy of National Review, Carl Horowitz on Townhall.com, and on several blogs — Hot Air, Professor Bainbridge, and my own Discriminations. But aside from an excellent editorial in the Wall Street Journal last month, not a peep from the mainstream press.

How odd, since this bill has been sold as necessary to prevent another financial meltdown and yet, insofar as that meltdown was precipitated by a burst housing bubble produced at least in part by the Community Reinvestment Act, Fannie and Freddie, et al. forcing lenders to offer mortgages to borrowers who couldn’t afford them, the new legislation threatens to institutionalize and magnify those very abuses. As Ms. Furchtgoff-Roth explained, Section 342 of the bill creates at least 20 “Offices of Minority and Women Inclusion” to ensure that “race and gender employment ratios must be observed by all government agencies that regulate the financial sector, as well as private financial institutions that do business with the government.” (more…)

Last year I had written a piece for the American Thinker and I went to that site to read the comments posted. Next to the article was an ad that showed a video of Sen. Chuck Schumer saying that “the American people don’t care,” about what he called those little “porky amendments.”

Something flew all over me and I felt it was time to become more activist than simply writing a column that preached to the choir but did not reach the average New Yorker who continued to vote in parasitic corrupt politicians.

I bought a domain calling it ChangeNYin2010.com and posted that Schumer video, as well as another one featuring Charlie Rangel cursing out a reporter asking him about his ethics violations: (more…)

Since President Obama’s elevation to Intergalactic Superstar Caesar in   November 2008, the media has been busy writing obituaries for the GOP. Most of these unwelcome mourners have offered nuggets of advice along the lines of, “Why don’t you try being more, you know, like us? More—what’s the term? Oh yes, more moderate. Conservatism is so last season.” The day after Obama’s  election, the Huffington Post gleefully announced “GOP Civil War Begins[!!!!!!]”

Being the tenderhearted folks they are, the liberal MSM diagnosed the real problem for us: “[I]f there’s a real crisis in the House right now for the Republican Party, it’s the gradually diminishing voice of moderation.” Over a year later, MSNBC was still going strong with the GOP civil war theme, warning that an ideological purity test “threatens to derail moderate Republican candidacies in heated 2010 Republican primaries already underway.”

Obviously, there have been and are ongoing arguments about the direction of conservatism and the Republican party. The 2008 election would’ve shaken the confidence of Alexander the Great, had he been a political candidate instead of a slaughtering conqueror. But the media is missing the real story again. The story now isn’t the demise of the GOP moderate. It’s the sudden downfall of last season’s debutante, the “moderate Democrat.” (more…)