Fwd: Democrats Have No Plan for Dealing with Fannie and Freddie; Ignore Republican Proposal

Today's Headlines Friday, May 21, 2010

Democrats Have No Plan for Dealing with Fannie and Freddie; Ignore Republican Proposal (CNSNews.com) – House Democrats appear to have no plans for dealing with the failed mortgage giants Fannie Mae and Freddie Mac, despite acting on dozens of other matters in the two months since Republicans proposed a way to rescue the two government-sponsored enterprises. So far, taxpayers have spent $145 billion to keep Fannie and Freddie solvent, and that tab is expected to go much higher. Hoekstra: Resignation of Director of National Intelligence Results From 'Obama Administration's Rampant Politicization of National Security' (CNSNews.com) - Rep. Pete Hoekstra of Michigan, the ranking Republican on the House intelligence committee, says the resignation of Director of National Intelligence Dennis Blair is "a disturbing sign of the stranglehold the Obama White House has placed on America's intelligence agencies." Gulf Spill Sparks Drilling Debate Along Party Lines But Gov't Says Less Than 0.001% of Oil Spilled in Federal Waters Since 1980 (CNSNews.com) – Congressional hearings on the Gulf oil spill reveal the political divide between pro-offshore drilling lawmakers and those who cite the accident as a reason to halt any expanded drilling in the Gulf. Government reports show that less than 0.001 percent of oil culled from rigs in federal waters has been spilled in the last 30 years. As Sestak Repeats Charge of Job Offer, White House Still Ducks Detailed Answer Washington (CNSNews.com) – Rep. Joe Sestak, the Democratic nominee for Pennsylvania's U.S. Senate seat, said again this week that the White House offered him a job to keep him from challenging Sen. Arlen Specter in the Democratic primary. But White House spokesman Robert Gibbs has declined to provide any response, other than to repeat that nothing "problematic" occurred. Will the Obama Administration Accept China-Pakistan Nuclear Collaboration? (CNSNews.com) – Analysts in India and the U.S. are voicing concern that the Obama administration may tolerate a Chinese bid to build more nuclear power reactors in Pakistan, despite Islamabad's poor non-proliferation record. The U.S. has been trying to win Beijing's support for fresh U.N. Security Council sanctions against Iran. Facebook Accused of Hurting Muslims With 'Anti-Islamic Sentiments' (CNSNews.com) – The Facebook page at the center of angry protests in Pakistan because of depictions of Mohammed also has been blocked in Saudi Arabia, the latest development in a controversy first sparked almost five years ago by a Danish newspaper's publication of cartoons satirizing Mohammed. CNSNEWS.COM VIDEO Rocker Dave Matthews on Energy Policy: 'Algae is the Future' (CNSNews.com) - Grammy Award-winning rock musician Dave Matthews said Thursday that he is confident his carbon footprint is "bigger than most people's" and suggested that people who do not need to travel as much as he does with his band "can take a bike" to help save the planet. McCain: 'Insulting' for Obama State Department to 'Compare' Arizona Illegal Immigration Law to China's Human Rights 'Abuses' OTHER CNSNEWS.COM HEADLINES Intelligence Director Knew His Days Were Numbered Democrats Applaud As Mexico's Calderon Criticizes Arizona Immigration Law in Address to Congress Rand Paul: Obama's Criticism of BP 'Un-American' Clinton: North Korea Must Face Consequences for Attack Congress Passes 'Too Big to Fail' Financial Reform Bill, But Leaves Out Fannie and Freddie Behavior Detection Program Questioned After Airport Watchers Missed 16 People Linked to Terror 'Immediate' US Aid in Drug War Slow to Help Mexico Nations Pledge to Crack Down on Online Alcohol Ads Jews in Arab East Jerusalem Defy Obama's Peace Push Two Police Officers Killed During Traffic Stop in Arkansas UC Berkeley Plan to Test DNA of Freshmen Criticized Feds Change Rules So Farmers Can Kill Geese Faster Obama Expands National Fuel Efficiency Program, Aiming for Better Mileage Beyond 2016 German Lawmakers Approve Euro Rescue Package Donate Today! Please help CNSNews.com keep bringing you 'The Right News - Right Now!' Make a contribution to CNSNews.com today. It's fast, simple and secure. Help CNSNews.com and Donate Today!  NEWSPAPER ROUNDUP: Demand for copies of the U.S. Constitution is skyrocketing Aging congressional lawmakers flummoxed by ATMs Unions to spend $100M on saving Democrats Illegal immigrant tells police a group of 60 is lost in Arizona desert Prayer dropped from New Hampshire Technical Institute's graduation ceremony Arizona-style immigration bill touches off protest at Rhode Island State House FDIC says number of 'problem' banks is growing Calderon blames U.S. guns for violence; NRA disputes claim of illicit arms exports Rand Paul pushes back on racism charge Gov. Christie instantly vetoes millionaire's tax Authorities say Mojave Desert replacement memorial cross must come down Obama's middle name ignites textbook battle Washington University gets $60 million gift, no strings attached Stimulus money used to replace good school furniture found in trash bins? Some Democrats are running against President Obama and his agenda Kerry: Academy of Sciences Report shows 'urgent' need for climate bill COMMENTARY Take the Deal, Mr. President By Patrick J. Buchanan If Barack Obama is sincere in his policy of "no nukes in Iran—no war with Iran," he will halt this rude dismissal of the offer Tehran just made to ship half its stockpile of uranium to Turkey. But maybe the powers that be don't really want a deal with Iran. They want Iran smashed. The Shady ShoreBank Bailout By Michelle Malkin The federal government and a coalition of big banking interests are poised to bail out a crony Chicago bank with longtime ties to the Obama administration. Chicago's ShoreBank engages in Obama-esque social engineering to "create economic equity and a healthy environment." Social and environmental justice may make for good Volvo bumper stickers, but they do not make for a good bottom line. But ShoreBank is too politically connected to fail. And now you, the taxpayer, may be on the hook for helping its cronies engineer a special rescue. Stock Market Jitters By Rich Galen The world is a very fragile place right now. Economies are teetering; Thailand is close to civil war; North and South Korea are snarling at each other; Iran is threatening Israel, the BP well is still spurting oil into the Gulf of Mexico, the Director of National Intelligence resigned last night, and the Washington Nationals have lost 6 out of their last 7 games. I'm going to dig up that coffee can and put my total accumulated wealth of $12.73 under my mattress. But the way things are going, there will be an earthquake and my money will fall into the center of the earth. A Global Sports Problem By L. Brent Bozell III Once upon a time, human rights advocates denounced the conditions in which prostitutes were forced into their degrading business, even as children. But now prostitution is viewed as just another business transaction