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Some of our favorites thought highly of the Afghan command change. Story from Ramesh Ponnuru in The Corner.
Steve Malanga in City Journal writes, at length, on a serious epidemic OHD – Obsessive Housing Disorder. We devote a lot of space for this today because affirmative action in mortgages was the main reason for last year’s economic collapse. It is instructive to see how long our country has been favoring home ownership.
In December, the New York Times published a 5,100-word article charging that the Bush administration’s housing policies had “stoked” the foreclosure crisis—and thus the financial meltdown. By pushing for lax lending standards, encouraging government enterprises to make mortgages more available, and leaning on private lenders to come up with innovative ways to lend to ever more Americans—using “the mighty muscle of the federal government,” as the president himself put it—Bush had lured millions of people into bad mortgages that they ultimately couldn’t afford, the Times said.
Yet almost everything that the Times accused the Bush administration of doing has been pursued many times by earlier administrations, both Democratic and Republican—and often with calamitous results. The Times’s analysis exemplified our collective amnesia about Washington’s repeated attempts to expand homeownership and the disasters they’ve caused. The ideal of homeownership has become so sacrosanct, it seems, that we never learn from these disasters. Instead, we clean them up and then—as if under some strange compulsion—set in motion the mechanisms of the next housing catastrophe.
And that’s exactly what we’re doing once again. As Washington grapples with the current mortgage crisis, advocates from both parties are already warning the feds not to relax their commitment to expanding homeownership—even if that means reviving the very kinds of programs and institutions that got us into trouble. Not even the worst financial crisis since the Great Depression can cure us of our obsessive housing disorder. …
… We’ve largely forgotten that Herbert Hoover, as secretary of commerce, initiated the first major Washington campaign to boost homeownership. His motivation was the 1920 census, which had revealed a small dip in ownership rates since 1910—from 45.9 percent to 45.6 percent of all households. …
Clifford May wonders why the left is so enamored with Islamist fascists.
Ask those on the Left what values they champion, and they will say equality, tolerance, women’s rights, gay rights, workers’ rights, and human rights. Militant Islamists oppose all that, not infrequently through the application of lethal force. So how does one explain the burgeoning Left-Islamist alliance?
I know: There are principled individuals on the Left who do not condone terrorism or minimize the Islamist threat. The author Paul Berman, unambiguously and unashamedly a man of the Left, has been more incisive on these issues than just about anyone else. Left-of-center publications such as The New Republic have not been apologists for radical jihadists.
But The Nation has been soft on Islamism for decades. Back in 1979, editorial-board member Richard Falk welcomed the Iranian revolution, saying it “may yet provide us with a desperately-needed model of humane governance for a third-world country.” Immediately after Sept. 11, 2001, longtime Nation contributor Robert Fisk complained that “terrorism” is a “racist” term.
It is no exaggeration to call groups such as MoveOn.org pro-appeasement. Further left on the political spectrum, the A.N.S.W.E.R. Coalition sympathizes with both Islamists and the Stalinist regime in North Korea — which is in league with Islamist Iran and its client state, Syria. Meanwhile, Hugo Chávez, the Bolivarian-socialist Venezuelan strongman, is developing a strategic alliance with Iran’s ruling mullahs and with Hezbollah, Iran’s terrorist proxy. …
The humor section starts with a piece on dachshund racing.
… A wiener dog at full throttle, flying down the lane with his ears inside out and tongue flapping, is a sight worth seeing. And the races return some civic benefits. The Buda event, in which no fewer than 468 dachshunds were taking part, is sponsored by the local Lions Club and has proved to be their best fund-raiser. Proceeds go to scholarships, summer camps and eye care. …
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