The Ron Paul for President campaign has released a withering two-minute video entitled Newt Gingrich: Serial Hypocrisy. The video chronicles Newt Gingrich's hypocrisy on the issue of the housing bubble and lobbying, as well as his advocacy of an individual health care mandate and cutting a pro-global warming legislation television advertisement with Democrat Nancy Pelosi. CNBC Host Larry Kudlow noted on his show December 1 that the video "has gone completely viral. Completely viral. It's running everywhere." Indeed, the video received some 250,000 views on YouTube.com within the first full day of its release. More importantly, the video has received coverage on most of the national television networks and newspapers across the nation, bringing the real number of views into the millions. In addition, it has received the attention of television stations in early primary states such as New Hampshire.
When Newt Gingrich was asked in the November 9 CNBC presidential debate what he did to earn $300,000 from mortgage giant Freddie Mac, Gingrich claimed: "I said to them at the time, this is a bubble. This is insane. This is impossible." But the Wall Street Journal reported December 1 that Gingrich had not only praised the Freddie Mac model in a 2007 interview on the mortgage giant's website but said that "these are results I think conservatives should embrace and want to extend as widely as possible." The interview with Gingrich is no longer available on the Freddie Mac website, but it is available on several Internet archive websites that capture what websites used to post. The Wall Street Journal story noted that "The interview was published by Freddie Mac as part of a regular campaign to educate the public — and Washington — about its brand." And by "educate the public," the Wall Street Journal meant promote the continuance of its policy of accelerating the housing bubble. In the April 24, 2007 interview with Gingrich, the former House Speaker had the following praise for Freddie Mac and the whole GSE (Government-Sponsored Enterprise) concept:
Although the socialists took a beating in Spain’s election on November 20 — in which the conservative Popular Party won a majority of seats in Spain’s parliament — the Spanish Socialist Workers Party (PSOE), with its lowest vote in 34 years, vowed to put real pressure on the new conservative government. The polls had predicted the victory of the conservative Popular Party, which prompted the leftist candidate, former Interior Minister Alfredo Pérez Rubalcaba, to promise that he would make the rich pay higher taxes. (Where have we heard that before?) He tried to scare voters by claiming that the conservatives had a secret program to cut the welfare state and attack unions and workers' rights. (Echoes of Madison, Wisconsin.) But only 40 percent of the people who had voted for the PSOE in 2008 said they would vote socialist again.
Economist and TV personality Larry Kudlow explained that the decision on Wednesday by many of the world’s central banks made it easier for European banks to borrow dollars from the Federal Reserve. He made it clear that “nothing has been solved in Europe. The Europeans are not yet helping themselves. Why should the ECB (the European Central Bank) write a trillion-dollar check to near-bankrupt governments?” The real problem isn’t liquidity. There’s plenty of money sloshing around in the banks of the world. The instant problem is the type of money. The banks want to hold dollars, not euros, and the costs of holding dollars was rising to levels not seen since the collapse of Lehman Brothers in 2008. And the reason dollars were getting increasingly expensive? One main reason was that American money market funds were pulling their dollars out of European banks: Between May and October those funds reduced their holdings in European banks by 42 percent, while their holdings in French banks were cut by two-thirds. When demands were made on those banks for dollars, the banks had to sell euros to get them. As Capital Economics explained:
As the economic crisis in the European Union grows day by day, there is a proportionate degree of speculation around the world about the final extent of the damage that will be done by the looming collapse of the euro. According to Daniel Mitchell, a contributor to Forbes.com, many individuals among the wealthy elite in Europe are already planning to flee their respective countries for safe havens in nations such as Costa Rica or Australia. Meanwhile, the British Foreign Office is making plans to evacuate Britons from the Continent in the event of widespread rioting.
Here’s a story that’ll tickle your McRibs. On December 1 a law seemingly banning McDonald’s Happy Meals went into effect in San Francisco. The “Healthy Meal Incentives Ordinance” prohibits restaurants from giving away toys with meals that do not meet with the city’s approval — namely, meals with too many calories, too much salt or fat, or insufficient fruits and vegetables. Just a few days before the ordinance took effect, SF Weekly reports, McDonald’s announced it had found a simple way around the statute: Charge customers extra for the toys. Now in order to obtain a Happy Meal toy, parents will first have to buy the meal and then pay an additional 10 cents, which will be considered a donation to Ronald McDonald House charities. With Burger King’s announcement that it will implement a similar policy, the Happy Meal ban has thus effectively been neutralized. However, for the nanny-state types who thought they were protecting children from dangerous fast food, there is even worse news. Prior to December 1, McDonald’s stores in San Francisco actually allowed patrons to purchase a Happy Meal toy by itself for $2.18 rather than having to buy the meal to obtain the toy. Now that the Golden Arches are going to charge extra for the toys, they are discontinuing the toy-only policy. Henceforth, any parent wishing to purchase a Happy Meal toy for a child will be forced to buy the meal, too. This, the Independent Institute’s Anthony Gregory points out, is “another unintended consequence of a bad law, since now, on the margin, customers will sometimes opt to buy the greasy food targeted by the law just so they can get the toy, when before they would have not bought the food.”
As central banks around the world unleashed a coordinated deluge of new money to deal with the economic crisis swamping Europe, critics expressed outrage that the Federal Reserve System — and all holders of U.S. dollars by extension — would be bailing out profligate European governments and the troubled euro currency. And furious American lawmakers are again demanding congressional oversight of the Fed and a restoration of sound money. On November 30, the Fed announced in a press release that it was cutting the cost of temporary dollar liquidity swaps almost in half. The rate was slashed from about one percent to slightly over 0.5 percent, making it much cheaper for foreign central banks and the financial institutions they fund to borrow a practically unlimited supply of newly created U.S. dollars. The news was met with outrage by Congressman Ron Paul, whose subcommittee deals with monetary policy and the central bank. Paul is once again calling for, among other measures, an audit of the Fed and the eventual restoration of honest money. “The Fed's latest actions in cooperating with foreign central banks to undertake liquidity swaps of dollars for foreign currencies is another reason why Congress needs enhanced power to oversee and audit the Fed,” said Rep. Ron Paul (R-Texas), the Chairman of the House Domestic Monetary Policy and Technology Subcommittee. “Under current law Congress cannot examine these types of agreements.”
Regions Hospital in St. Paul, Minnesota, has announced that it will cease performing abortions in December, becoming the first abortion clinic to close in the state in two decades. The Minneapolis Star-Tribune reported that “Regions is the last remaining hospital in the Twin Cities area that performs elective abortions…. Last year it performed 545 abortions, down from 902 a decade earlier.” With the declining numbers of abortions in Minnesota, the hospital, which is part of HealthPartners, decided to terminate its GYN Special Services Clinic, which ranked just sixth in overall abortions in the state. According to state Health Department numbers, each of the five more profitable clinics were responsible for at least 1,000 of the procedures in 2010. Overall, there has actually been a hopeful decline in abortions in the state over the past few years, with 11,505 abortions reported in the state last year, compared to 14,450 in 2000. Nationally, according to the pro-abortion Guttmacher Institute, there has also been a steady decline in the number of abortion clinics nationally, from a high of 2,900 in 1982 to around 1,800 by 2005, a number that remained consistent through 2008. Most recently, as several states have enacted legislation to restrict abortion, pro-life leaders expect the numbers to dip even more.
A recent Pew Research Center study proved that there was in fact truth to assertions made by Ron Paul’s supporters that he was being “blacked out” by the media. That study compiled a list of 52 mainstream news sources and discovered that Paul received significantly less media coverage than all of the other candidates, including Tim Pawlenty, who dropped out of the race because of his campaign’s lack of progress. That blackout continues it seems, as the Republican Jewish Coalition’s GOP 2012 panel, set to take place on December 7, will not include Ron Paul. “As Mike Allen previewed in Playbook, the event will allow the seven candidates taking part — Ron Paul is not attending — 35 minutes each to speak,” writes Maggie Haberman for Politico. Currently, it’s unknown whether Paul was not invited or declined the invitation, but Adam Kredo of Washington Jewish Week said of Paul’s absence, “Note that Texas Rep. Ron Paul, no good friend of Israel, will not be in the house.” That statement appeared on the Republican Jewish Coalition’s website. Kredo’s assertion that Paul is “no good friend of Israel” is based on Paul’s philosophy that the United States should be less involved in Israel’s affairs.
A group of anti-world government hacker activists or “hacktivists” under the banner of “TeamPoison” hacked the United Nations Development Program (UNDP), releasing hundreds of passwords belonging to the organization’s bureaucrats. The release also included a message blasting the global body and its affiliates for corruption, fraud, and atrocities, along with a warning of more attacks to come. UN officials tried to downplay the breach, saying all of the information was several years old. But TeamPoison and security experts said that was not the case — much of the data is current, and compromising the UN’s cyber security was a serious job. In a statement posted online along with the stolen usernames and passwords, the hacker team criticized the global organization on several fronts. “A Senate for Global Corruption, the United Nations sits to facilitate the introduction of a New World Order and a One World Government,” the group said. Also included was a statement attributed to psychiatrist Brock Chisholm, the first director of the UN World Health Organization. “To achieve a One World Government, it is necessary to remove from the minds of men their individualism, their loyalty to family traditions and national identification,” Chisholm was quoted as saying.