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Videos

If you had to blame the recession on one person, who would it be?

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My pick would be the Massachusetts Democrat Congressman Barney Frank.

Here he is in 2005 claiming that fears of a housing bubble are unfounded.

Here’s the timeline showing who wanted to regulate Fannie and Freddie, and who blocked regulation.

Here’s video from a hearing showing Democrats opposing regulations:

That’s right – Republicans wanted to regulate Fannie Mae and Freddie Mac, and Democrats said Fannie Mae and Freddie Mac are “doing a tremendous job”.

Fannie Mae and Freddie Mac had paid the Democrats off handsomely during multiple election cycles, but I’m sure that the Democrats’ opposition to regulations had nothing to do with those political contributions.

I found these videos at Ace of Spades, thanks to ECM.

News

New-home sales plunge 33% to record low in May

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Story from CBS Marketwatch. (H/T ECM)

Excerpt:

Sales of new single-family homes plunged 33% in May to a record-low level after a federal subsidy for home buyers expired, according to data released Wednesday by the Commerce Department.

Sales dropped to a seasonally adjusted annual rate of 300,000, the lowest since records began in 1963. April’s sales pace was revised down to 446,000 compared with the 504,000 originally reported. March’s sales were also revised lower.

The results were much worse than expected, and economists had expected a 20% decline to a seasonally adjusted annual rate of 405,000.

[…]Sales fell sharply in all four regions, with sales down more than 50% in the West.

The median sales price in May was $200,900, down 9.6% from a year earlier and the lowest since December 2003.

[…]Housing data in May have been dismal. Housing starts fell 10%, building permits fell 5.9%, mortgage applications dropped, and the home builders’ index fell by five points. The only bright spot was mortgage rates, which stayed very low.

Obama’s solution to this problem was government spending in the form of an $8000 federal tax credit “stimulus” for people who bought homes between February and April. How did that government-run top-down Keynesian stimulus solution work out?

Excerpt:

The tax credit likely pulled many sales forward into the first four months of the year. Sales increased a cumulative 29% between February and April. But once the credit expired, sales collapsed in May.

I guess maybe they were hoping to “prime the pump” which of course doesn’t work any more than “cash for clunkers” works.

Commentary

Dawn Stefanowicz explains her experience being raised by a gay parent

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*** WARNING: This post is definitely for grown-ups only! ***

I was listening to the latest Dr. J podcast on “Why Marriage Matters”, and I heard about a woman named Dawn Stefanowicz, who was raised by her gay father in Toronto.

So, I looked around and found this interview with Dawn posted on MercatorNet. This is mature subject matter.

Intro:

Gay marriage and gay adoption are being fiercely debated in a number of countries. Usually these issues are framed as a human rights issue. But whose rights? Patrick Meagher, MercatorNet’s contributing editor in Canada, recently interviewed a woman who was raised by a homosexual father. She feels that her rights as a child were completely ignored.

Dawn Stefanowicz (www.DawnStefanowicz.com) grew up in Toronto. Now in her 40s, she has written a book, Out From Under: Getting Clear of the Wreckage of a Sexually Disordered Home, to be released later this year. Stefanowicz has now been married for 22 years, is raising a family, and also works as an accountant. She has also testified about same-sex marriage in Washington and Ottawa.

Sample:

MercatorNet: How did you feel about what was going on around you?

Stefanowicz: You become used to it and desensitised. I was told at eight years old not to talk about this but I knew that something was wrong. I was not thinking “this is right or wrong” but I was disturbed by what I was experiencing. I was unhappy, fearful, anxious and confused. I was not allowed to tell my father that his lifestyle upset me. You can be four-years-old and questioning, “Where is Daddy?” You sense women are not valued. You think Daddy doesn’t have time for you or Daddy is too busy to play a game with you. All this is hard because as a child this is the only experience you have.

MercatorNet: How did this affect your relationship with others?

Stefanowicz: I had a hard time concentrating in school on day-to-day subjects and with peers. I felt insecure. I was already stressed out by an early age. I’m now in my 40s. You’re looking at life-long issues. There is a lot of prolonged and unresolved grief in this kind of home environment and with what you witness in the subcultures.

It took me until I was into my 20s and 30s, after making major life choices, to begin to realise how being raised in this environment had affected me. Unfortunately, it was not until my father, his sexual partners and my mother had died, that I was free to speak publicly about my experiences.

And:

MercatorNet: Why do so few children speak out?

Stefanowicz: You’re terrified. Absolutely terrified. Children who open up these family secrets are dependent on parents for everything. You carry the burden that you have to keep secrets. You learn to put on an image publicly of the happy family that is not reality. With same-sex legislation, children are further silenced. They believe there is no safe adult they can go to.

I noticed that Bill Muehlenberg has an even more controversial review of Dawn’s book about her childhood, too. When I was doing research on these issues, I read Dr. Jeffrey Satinover’s “Homosexuality and the Politics of Truth” and Dr. Joseph Nicolosi’s “A Parent’s Guide to Preventing Homosexuality“. But I think I am going to buy Dawn’s book, too. It sounds like a tough read, but it may be necessary to understand what is really at stake, so my views can be formed by real data.

NOTE: Comments to this post will be strictly filtered in accordance with Obama’s hate crimes bill.

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