Krauthammer nails it

Today’s column by Charles Krauthammer gets to the meat of why the Ayers association is relevant, and why it is sticking to Obama’s suddenly un-teflon facade.  Here is a long excerpt

Obama’s political career was launched with Ayers giving him a fundraiser in his living room. If a Republican candidate had launched his political career at the home of an abortion-clinic bomber — even a repentant one — he would not have been able to run for dogcatcher in Podunk. And Ayers shows no remorse. His only regret is that he “didn’t do enough.”

Why are these associations important? Do I think Obama is as corrupt as Rezko? Or shares Wright’s angry racism or Ayers’s unreconstructed 1960s radicalism?

No. But that does not make these associations irrelevant. They tell us two important things about Obama.

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Wolverines

Lately, talk show host Laura Ingraham has been promoting an idea for a new movie: a remake of the 80’s classic Red Dawn, with the young people of America fighting against Muslim mufsidun instead of Cuban and Soviet invaders. So far, she hasn’t had any takers.

That may be about to change. Unfortunately, the movie plot has gotten too close to reality, as revealed by the Washington Post, summarized in this news article by Ken Adelman. We learn that Islamic hatred is being spread here at home, in what has the potential to shape up as a real fourth column.

The Washington Post on Monday revealed that one such school outside Washington, D.C., uses textbooks teaching 11th graders that “the Day of Judgment can’t come until Jesus Christ returns to Earth, breaks the cross and converts everyone to Islam, and until Muslims start attacking Jews.”

Other accredited Islamic schools in America have world maps on classroom walls that exclude Israel. Some such schools promote class discussions that portray Usama bin Laden as “simply the victim of … prejudice” against all Muslims in America.

The champions of political correctness and multiculturalism have spent the better part of the last seven years convincing the world that the greater enemy of Western Civilization is George Bush, or even global warming. Their lust for political power has blinded them to the enemy within.

The convergence of radical Islam and radical Leftism is the greatest threat this republic has ever faced.

Carlyle Capital is insolvent

Tom Heath, writing in the Post,

The high-profile downfall, part of the broad turmoil in credit markets worldwide, followed a week of frantic negotiations between the Carlyle Group and a number of lenders. Carlyle Group’s three founders as recently as Monday were considering injecting cash into the fund as a way to usher it through the credit crisis.

By yesterday the fund had defaulted on $16.6 billion of debt and said it expected to default soon on its remaining debt. The fund’s $21.7 billion in assets were exclusively in AAA mortgage-backed securities issued by Fannie Mae and Freddie Mac, traditionally considered secure and conservative investments, which it was using as collateral against its loans.

Excrement sandwich, anyone?

Hank Paulson says there are so many “mistakes” in the market that there is not going to be an “easy solution.”

Well, duh.

We didn’t arrive at this point overnight, and there will be no overnight solution. I think we all understand that. Most of us are wondering where the bottom is, where the sideline is, and what to do next. Standing pat might be the right strategy, but dang, just dang.

h/t n2l

The Republican King of Lobbyist Bundlers

John McCain. Surprised?

Public Citizen reported that the number of campaign cash “Bundlers” employed by John McCain is greater than any other Republican candidate: more than anyone in the race other than John Edwards.

McCain also enjoys the dubious distinction of employing more “Lobbyist Bundlers” than any other candidate – in fact, more than the entire Democratic field combined. In this crowded field of candidates from both parties, 115 Lobbyist Bundlers ply their trade for the candidates. 32 of the 115 work for….. John McCain

His signature issue in 2000 was getting the money out of politics. Does anyone else find it just a bit ironic, that the man who wrote the rules for reforming the campaign finance laws would be able to so skillfully take advantage of the fundraising possibilities in McCain-Feingold? See for yourself.

WaPo’s Jeffrey H. Birnbaum and John Solomon present an interesting take, “Unlikely Ties to K Street.”

In addition to receiving campaign cash, McCain relies heavily on K-Street for campaign guidance as well.

Here is an excerpt:

McCain’s campaign has also been guided by lobbyists. Davis, the campaign manager, is a former lobbyist who represented major telecommunications companies. The campaign’s senior adviser is Charles R. Black Jr., chairman of BKSH & Associates, which represents drug companies, an oil company, an automaker, a telecommunications company, defense contractors and the steel industry, among others.

Former congressman Tom Loeffler (R-Tex.) was brought in to shore up the campaign’s finances and operations. Yet he maintains his day job as chairman of the Loeffler Group, whose clients include oil, auto and telecommunications companies, as well as a tobacco firm and an airline.

Other occasional McCain advisers include lobbyists Timothy P. McKone of AT&T, Robert S. Aiken of Phoenix-based Pinnacle West Capital, John W. Timmons of the Cormac Group and John Green of Ogilvy Government Relations. Also at Ogilvy is a major McCain fundraiser, Wayne L. Berman.

Their firms’ clients have been a significant source of contributions to McCain’s campaign.

Newt Gingrich says, “John McCain is an American hero: a unique character in his own right.”

Certainly he earned our respect as an Aviator, a POW, and the longevity of service as a “maverick” lawmaker, however, “American Hero” may be a bit of a stretch.

But, his actions with re-writing of the campaign finance laws, and then using them to his advantage make “a unique character in his own right,” a spot-on evaluation of the senator.

TIME NEVER DIES

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