WHY ARE WE BAILING THESE PEOPLE OUT

There's a new trend out there, by the way. Some low-lifes who borrowed too much to buy a home they couldn't afford are trashing those homes before they put the keys on the kitchen counter and walk away. It's sort of a real estate version of "If I can't have her nobody can have her."

In all the coverage of the mortgage crisis the media is leaving out something rather important. That would be one of the reasons we got into this mess in the first place. Years ago newspapers were just full of special investigative reports on things like "red lining." The gist of the stories was that mortgage lenders were intentionally keeping minorities and low-income people from realizing the American dream of owning your own home. Politicians at the state and national level were issuing dire threats of government intervention if these lenders didn't start making loans ... essentially to people who did not really qualify for them. Hence ... sub-prime loans.

I know .. that's just part of the story, but it's a major part. If you coerce lenders into making loans to people who don't qualify ... this is the inevitable result.

TEN IN A ROW

Obama won Wisconsin and Hawaii yesterday. Hawaii was no surprise since he was born there. Wisconsin, however, was a battleground. Hillary has now lost ten primaries in a row. Surely she's going to completely lose it soon. I know, the experts say that this isn't going to happen ... but I'm hoping for a Howard Dean moment.

OBAMA'S COMMUNIST MENTOR

If you've been listening to me for a good portion of my 38 years in talk radio, you know that I have never been one to see a Communist under every duvet. I recognized the threat of Communism, and realized that our colleges and universities were just chock full of Marxist professors. After all, where else are you going to go when you can't survive in the private sector?

There are times, though, when the "C" word should be invoked - and not just to describe Jane Fonda. One of those times would be when you have someone running for president of the United States who has shown a somewhat unusual level of interest in Communist philosophy.

Yesterday on the show, I asked the listeners to tell me what Barack Obama has actually accomplished. Not much, it seems. So now let's move on to a different idea ... Barack Obama's childhood mentor, Frank Marshall Davis, was a communist. You've heard me mention many times that Barack Obama had an affinity to communist professors in his day. Well now it's time to get down to the nitty-gritty details of what exactly that means.

If you read the linked story you'll find that Frank Marshall Davis was a publicly identified member of the Communist Party USA. Davis, a black writer, was accused of being involved in several communist-front organizations by the House Un-American Activities Committee.

Obama, in his book, Dreams From My Father, refers to Davis repeatedly as just "Frank" ... assumingly because Obama is not a stupid man and did not want to show the world that his mentor is a card-carrying Communist. So what does Obama tell us about Frank? Well Frank was a poet who visited his family in Hawaii. Frank was, according to Obama, "a contemporary of Richard Wright and Langston Hughes during his years in Chicago..." Frank was "his old Black Power dashiki self" who gave Obama advice on his career and his college education.

Well someone finally put two and two together ... "Frank" was the same Frank Marshall Davis, black communist writer. In March of 2007 Gerald Horne, a contributing editor of the Communist Party journal Political Affairs, made a speech at the reception of the Communist Party USA archives at the Tamiment Library at NYU. His speech was called "Rethinking the History and Future of the Communist Party." Here's what professor Horne (a fellow communist) had to say:

... deploring these convictions in Hawaii was an African-American poet and journalist by the name of Frank Marshall Davis, who was certainly in the orbit of the CP - if not a member - and who was born in Kansas and spent a good deal of his adult life in Chicago, before decamping to Honolulu in 1948 at the suggestion of his good friend Paul Robeson. Eventually, he befriended another family - a Euro-American family - that had migrated to Honolulu from Kansas and a young woman from this family eventually had a child with a young student from Kenya East Africa who goes by the name of Barack Obama, who retracing the steps of Davis eventually decamped to Chicago. In his best selling memoir 'Dreams of my Father', the author speaks warmly of an older black poet, he identifies simply as "Frank" as being a decisive influence in helping him to find his present identity as an African-American, a people who have been the least anticommunist and the most left-leaning of any constituency in this nation - though you would never know it from reading so-called left journals of opinion.

So what do we have here? A communist helping the Democrat front runner being "a decisive influence in helping (Barack Obama) find his identity"? Curious, to say the least.

EXXON MOBILE PROFITS

I covered this on the Information Overload portion of the Boortz show yesterday. Web Guy and Cristina tell me that there have been hundreds of email requests to put the information here in the Nuze.

Happy to oblige.

The issue here is the profit figures for Exxon Mobile. This oil company has been a favorite target for leftist, anti-capitalist politicians. I'm sure you remember Hillary screeching about wanting "to take those profits" so that she could spend them.

Recap: In 2006 Exxon reported profits of $39.5 billion. Politicians went nuts. In 2007 those profits went to $40.6 billion. Politicians went nutsier.

The reason politicians can successfully demagogue these profits is that the vast majority .. and we're talking 95% and above .. of Americans couldn't tell you the difference between a profit and a profit margin if their flat screen TVs depended on it. Simply stated, profit is the total amount you make. Profit margin is how much you make on each dollar of sales. You would think that this would be taught in our government schools ... but if you did think that you would be wrong.

So ... what has been happening to Exxon's profit margin during these record profit years? Staying about the same, that's what; around 10%. The reason their profits have been increasing is because the price of crude oil has been going up ... bring gas prices up with them ... thus increasing the dollar amount of sales. Profit - up. Profit margins - 'bout the same.

By the way ... financial institutions and cosmetics companies have been enjoying higher margins ... along with many other sectors of our economy.

Now .. the numbers that I presented yesterday. Pretty eye-opening. The research was posted on the Seeking Alpha website.

Over the past three years Exxon Mobile has paid an average of $27 billion a year in taxes to the Imperial Federal Government. This has amounted to about 41% of Exxon's taxable income.

The last year for which complete numbers on who pays what taxes are available was 2004. In 2004 there were 130 million individual tax returns filed. If you take the bottom 50% of those tax returns - 65 million of them - and add up the total amount of taxes those households paid you come up with $27.4 billion. This means that one corporation, Exxon Mobile, pays as much in taxes to the federal government as do the bottom half of individual taxpayers. How's that for paying your fair share.

There's more. The Adjusted gross income for the bottom 50% of taxpayers comes out to about $922 billion. This means that these taxpayers are paying an effective tax rate of about 3% of their adjusted gross income. Exxon? Adjusted gross income of around $67.4 billion in 2006 ... for an effective tax rate of 41%.

There's the facts, my friends. If you're able to absorb them you'll see just how you're being manipulated by the likes of Hillary Clinton and other politicians. If the American voters were truly educated they couldn't get away with it for a minute.

THE MYSTERIOUS DISAPPEARANCE

Journalist Matthew Lee is the editor-in-chief, Webmaster and likely sole reporter for Inner City Press. Since 2005, Lee has focused his website almost entirely on stories about internal corruption within the UN. One of his favorite arms to pick on is the UN Development Program.

So what's the issue? Well Lee's stories used to be prominently featured whenever you Googled news about the UN. But as of February 13th, that is no longer the case. This apparently started on February 8th when Lee received the following email from Google: "We periodically review news sources, particularly following user complaints, to ensure Google News offers a high quality experience for our users ... When we reviewed your site we've found that we can no longer include it in Google News." In other words, someone at Google decided to "de-list" his website.

Lee immediately turned suspicious. Back in November 2007 Google decided that it would partner with the UN Development Program to fight poverty. But Lee publicly humiliated Google during a press conference, asking why the company hadn't signed a global human rights or anti-censorship compact.

Conspiracy theory? Maybe so. But Google now keeps pulling this guys strings, telling him that this was a misunderstanding and the "glitch" will be fixed soon. Eventually, one of them has to give.

Hey .. Google is a private entity. They can do what they wish ... but anyone who teams up with the United Nations for just about anything is suspect. There are plenty of U.S. organizations that Google could have partnered with. I guess this makes me xenophobic or something .. but when American money is used to better the lives of people around the world, I would like for America to get the credit.

WALKING YOUR DOG AS A MUSLIM

A 70-year-old man in Iran has been sentenced to four months in jail and 30 lashings for taking his dog out onto the street. The dog owner was caught by police who immediately handcuffed him. He was later charged by an Islamic judge for "disturbing the public order."

Remember, according to Islam ... dogs are considered to be impure. This is why the government has banned owners of domestic animals from taking them on city streets. The law says that owners face fines of "detention" of their animals in the pound.

This is all anyone has to know about Islam. Any religion that doesn't love dogs is suspect.

EARTH HOUR

The other day I told you a story during the government outrage about the city of Atlanta turning off its lights for one hour some day in March to make a public stance against global warming. Well it turns out that this is an even bigger phenomenon. Twenty-four cities from around the world are going to turn off lights in homes and businesses to "raise awareness."

It's being called the "Earth Hour" initiative, which actually started in Sydney last year. Now the event has spread around the world. Here are the other cities participating:

Atlanta, San Francisco and Phoenix in the US; Thailand's capital Bangkok; Ottawa, Vancouver and Montreal in Canada and Dublin in Ireland. They join Australian cities Sydney, Perth, Melbourne, Canberra, Brisbane, Adelaide; Denmark's Copenhagen, Aarhus, Aalborg and Odense; the Philippine capital Manila, Fiji's biggest city Suva, Christchurch in New Zealand; Chicago; Tel Aviv and Toronto.

This is supposed to be a "very big visual message" to politicians around the world that OwlGore was right ... we need to address climate change as quickly as possible (even if it means slowing you economic growth to do so).

Me? I'm going to turn on every light in the house during that hour. I may even hire some searchlights to scan the skies for those evil carbon emissions.

This whole global warming nonsense is just getting silly.

REDNECK SCRAP BOOK

Who needs a body shop when you have duct tape and plastic sheeting? More in the Redneck Scrap Book.

READING ASSIGNMENTS

In the wake of Fidel Castro's resignation, the US says that it will not lift the embargo on Cuba. Let's wait until we see what 'lil brother does ... or dies.

This illegal immigrant has been deported 14 times for human smuggling (why not just because he was in the country illegally?). The kicker: he is only 22 years old. How about 15 strikes and you're out?

There are dozens of heavily populated US cities that have not lost one servicemember (that's the politically correct phrase) in combat. Oakland and Fort Lauderdale, for example, have not lost anyone. Let's hope it stays that way.

Saudi Arabia apparently threatened to make it easier for terrorist to attack London unless Great Britain stopped corruption investigations into arms deals. Why do we have to continue to deal with this country? Well .. ask the econuts who won't let us drill in ANWR.

St. Louis has a new addition to its skyline: An Islamic prayer tower complete with loud speakers. Hey ... we have one of those just a few miles from the Mother Ship in Atlanta.

In the UK, government officials want to attack obesity the same way they would tackle climate change. What? Fat people have to turn off their lights?

If you are in the mood for a real sob story ... here's a priceless one about what it's like to be an illegal immigrant in California in a "slumping economy."

The University of Oxford has decided to spend $4 million to figure out why people are fond of God.

A woman was attacked in Johannesburg for wearing a miniskirt? Muslims involved?

A West Virginia man is trying to sue his employer after he was attacked by a goose in a rail yard.

A man in Germany was so upset that his girlfriend lit up a cigarette to smoke that he used a fire extinguisher to put it out. Love it!

Celebutwit Sharon Stone decided to go over to the Arab media and declare that 9/11 should not have been used as a pretext for America to launch wars in Afghanistan and Iraq.

A 200 pound English Mastiff is being honored by the Red Cross for donating blood 20 times.

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