HOME LOANS TIGHTEN UP - THE WHEEL IS ROUND

Well, here we go again. News yesterday that mortgage lenders are going to tighten up their credit requirements a bit more. What does this mean? It means that people with poor job histories, people with marginal credit, and people with inadequate incomes are once again going to find it hard to finance the purchase of a new home. And once again, just as was the case 12 or so years ago, we're going to find that these people are largely minorities. This, of course, will cause newspapers and other media outlets to start investigations that are going to lead to the inescapable conclusion that minorities are being unfairly discriminated against by the evil mortgage lenders. Community "activists" will then start demanding that the government (of course) do something to insure ready access to mortgage loans for minority borrowers who do not meet the normal criteria for lending. The mortgage companies, to forestall increased government intrusion and regulations, will start developing loan packages aimed at people with poor job histories, marginal credit and inadequate incomes - and the whole cycle will repeat itself.

As I said ... the wheel is round.

READY TO LEAD ... DAY ONE?

Russia is invading Georgia. Some think that what we're seeing is Vladimir Putin's move to make Russia the dominant world power ... militarily, if need be. Who do you want running the show in Washington? Do you want a man who's previous experience is generally limited to being a community "activist" in Chicago and 143 actual days of work in the U.S. Senate ... or a man with the experience and determination of one John McCain. An appeaser wannabe or a proven fighter?

Use wisely your power of choice.

AND THE 'BIG OIL' MONEY GOES TO ... ALASKA?

Do you want to hear the truth about those evil oil companies? You know ... the evil corporations that some Democrats and most socialists will tell you should not even be allowed to make a profit? Well the state of Alaska has found a way to take care of that .... tax the hell out of them.

Last year, Alaska's legislature approved a major increase on those popular-with-the-government-educated-set windfall profits on the oil industry. And guess who is profiting ... the government. When it comes down to it, the state of Alaska has received more than $10 billion this year from oil revenue. Thanks to the addition of these new taxes (on top of the taxes already in place), that is double the amount it received the year before. Now the government's biggest problem ... trying to figure out how to spend the money.

The first idea on how to spend the money comes from Alaska's governor Sarah Palin. Her administration last week got approval for a government program that gives $1,200 to every single Alaskan to help them pay for gas. But that's not all. On top of that, each resident will receive their annual dividend of $2,000 from an oil-wealth savings account.

Can you guess what was fueling this windfall profit tax? Wealth envy. State Senator Hollis French (a Democrat) says that the oil companies " ... were literally printing money on the North Slope. We decided to strike the balance a little bit more on our side." That's a fancy way of describing wealth redistribution. This is not something that should happen in a free enterprise economy. This IS something that will happen in a country with a state-run economy.

Naturally, the oil industry says that the new taxes are already discouraging future exploration and development .... this is exactly opposite of what we currently need in this country. At a time when Republicans in Washington are debating about ways to get us out of this mess, the state of Alaska thinks it would be a great idea to tax the companies to death while stifling the very development we need. Marilyn Crockett, executive director of the Alaska Oil and Gas Association, says that "clearly, from the investor standpoint, Alaska has become a less attractive place to invest exploration and production dollars." So they know what the effects are ... and yet they are still doing it! BP Alaska has already delayed development in the western region of the North Slope solely because of these new taxes. In fact, BP Alaska paid more than $500 million in taxes to Alaska last quarter. That is far more than the company earned in profits from the oil. Or take a look at ConocoPhillips, which scrapped a $300 million refinery project ... because of the new taxes.

When it comes right down to it, the state of Alaska gets $49 of every $120 barrel of oil ... not counting other fees. ConocoPhillips says that once royalty payments and other taxes are added in, the state of Alaska gets 75% of the value of every barrel of oil.

MICHAEL PHELPS ...

... now has his third Gold Medal. I heard yesterday that he eats from 8,000 to 10,000 calories a day. I used to be a swimmer. Based on the Phelps method I should be Olympic material right now.

"THE MOMENT"

Have you signed up to receive your text message from Barack Obama? The campaign's latest strategy is to send a text message blast to Barack Obama supporters announcing his choice for a Vice Presidential candidate. Obama's campaign manager David Plouffe says, "You can be part of this important moment."

Oh boy. Is this going to be another one of those grand moments when, to paraphrase The Chosen One, "the skies open up and a light shines down upon you, and suddenly you realize that the only person worthy of running with The Chosen One on the Democrat ticket is ..... ta da!"

Gotta love this guy.

The Obama campaign really likes this phrase "this is our moment." Have you noticed this? Everything about the Obama campaign makes you feel like you are witnessing a part of a miracle. "People of the world ... this is our moment" ... Just a thought.

YEAH RIGHT

So the Clinton campaign really believes that Hillary would be the Democrat nominee if the story about John Edward's love child had broken sooner. Sorry, Hillary. The fact of the matter is that the people have gotten who they wanted: The Chosen One, the Big O, the Messiah.

Let's hope this dies here ... although, this was supposed to be Hillary's anointment. Maybe, just maybe just she still has something up her sleeve.

NEWS/TALK 750 WSB CARE-A-THON AUCTION: 2009 CORVETTE AUCTION

The 8th annual News/Talk 750 WSB Care-A-Thon benefiting the Aflac Cancer Center at Children's Healthcare of Atlanta is coming up August 21-22, 2008. The great folks at Jim Ellis Chevrolet as been gracious enough to give us their first 2009 Corvette ZR1 to auction off for the Care-A-Thon. Bidding is now open and will be open until the final day of the Care-A-Thon on August 22, 2008.

BID ON THE CORVETTE NOW!

READING ASSIGNMENTS

Did you know that Barack Obama is the victim of the Republican machine intent on blackening him? Yeah ... there's that race thing again. Wait until we have to deal with this for eight years!

Obama strikes back with a celebrity ad about McCain. Nothing is going to top Paris Hilton's celebrity ad though.

Left wind footstool Al Franken is really packing 'em in at his campaign appearances. This guy is strong!

So .. now we learn that if we had found out about Edwards' girlfriend a few months ago - in other words, if Edwards had fessed up - Hillary would be the Democrat nominee. Suddenly I like Edwards a lot more.

You've heard of Johnny Appleseed, right? Well allow us to introduce you to Matthew Placenta. You know, perhaps it is worth pointing out that humans -- of the female persuasion - are the only members of the mammal crowd that don't eat their placentas.

The latest Rasmussen polls show that 55% of voters believe that media bias is a bigger problem than illegal campaign contributions. Amazing that this even gets reported in the media!

National Review Online has come up with a list of 25 Hints You're Not Voting for Obama.

I trust that each and every one of you has already pre-ordered Barack Obama's newest book "Change We Can Believe In: Barack Obama's Plan to Renew America's Promise." A sure-to-be big time hit.

The UN Security Council called an emergency session yesterday to handle the conflict between Russia and Georgia. Yeah, like this is going to do any good. What a waste of time.

Typical global warming rhetoric: "all we can prepare for is extinction."

The latest global warming scare ... Pacific Ocean shellfish are going to invade the North Atlantic.

This is what happens when government runs your healthcare system ... people with rare cancers in Great Britain are being denied access to drugs. It's called rationing .. and it is coming to your doorstep; all because you didn't want to take the responsibility for your own health care. It's only a matter of time folks.

Oregon is planning the first ever solar highway project that will generate a whopping 1% of the Oregon DOT's annual needs.

This week in North Carolina, the state community college system is going to discuss whether to allow illegal immigrants into degree programs. How about a BS in Sanctuary City Management.

For our younger Nealz Nuze readers ... here are some college courses to avoid if you are a conservative.

Once the world's most obese man ... Manuel Uribe left his house for the first time on Sunday by way of forklift and platform truck. Wait, there is somebody in this world who is actually bigger than him?

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