INSIGHT

"Underlying most arguments against the free market is a lack of belief in
freedom itself." ---Milton Friedman

"Every government interference in the economy consists of giving an unearned
benefit, extorted by force, to some men at the expense of others." ---Ayn Rand

"Government cannot make man richer, but it can make him poorer." ---Ludwig
von Mises

"The state is the great fiction by which everybody seeks to live at the
expense of everybody else." ---Frederic Bastiat

UPRIGHT

"How odd that all those boring lessons from our grandparents turn out to be
true in the globalized, hip 21st century: Save your money. Don't borrow what
you can't pay back. Look first at a man's character, not his degrees. And
if a promised return on an investment seems too good to be true, it probably
is." ---Victor Davis Hanson

"Mr. Obama's leadership during the [financial] crisis has consisted of
standing out of the way and mouthing platitudes about the failings of the
past eight years of Bush economics." ---Rich Lowry

Editor's Note: For a comprehensive look at the current economic crisis,
don't miss Mark Alexander's essays: Economics 101: Crisis
of Confidence (http://PatriotPost.US/alexander/edition.asp?id=610)
(a comprehensive but quick reading analysis of the current
financial crisis), Bailout v. Workout---The continuing
crisis (http://PatriotPost.US/alexander/edition.asp?id=611) (an update
on the crisis), and Drive-by Observations on the continuing
crisis (http://PatriotPost.US/alexander/edition.asp?id=612) (a supplement
of current opinion on the continuing crisis, updated regularly).

"The big problem for the GOP isn't that Obama has a mid-single-digit lead in
the national polls. The big problem for the GOP is that rank-and-file voters
will decide that this race is over and not bother to go to the polls... If
Republican voters fall into the trap being laid by the media that the
Presidential race is over then Obama will win by default." ---Rich Galen

"[Ronald] Reagan moved the country to the right. Reagan didn't get Democrat
votes by telling Democrats they're going to be comfortable as Democrats in
the Republican Party because we're going to deemphasize conservatism. Reagan
made several million Democrats like conservatism." ---Rush Limbaugh

"Logic has little to do with politics, especially in an election year, when
winning tends to become the only goal. In the mounting urgency of a campaign,
who's got time or energy to waste making sense?" ---Paul Greenberg

EDITORIAL EXEGESIS

"Feeling a bit, well, depressed? It's not surprising. Headlines around the
world are filled with the D word, as if an epic global economic collapse were
inevitable---especially here in the U.S. It isn't. No, we're not hopelessly out
of touch. As our coverage shows, we know how serious the current financial
mess is---and how important it is to the U.S. and the rest of the world
that we begin to settle down our markets. The loss of $8 trillion in stock
market wealth in a matter of months is no small thing. The dive will have a
major impact on people's spending and investment decisions. A new economic
forecast of 52 leading economists shows most expect the U.S. economy to
shrink in the third and fourth quarters, plus the first quarter of 2009---the
first time in nearly half a century that the economy will undergo three
quarters of contraction. In short, we might be in for a brief, yet brutal,
recession. But talk of a depression and other apocalyptic possibilities are
way overdone... This is the U.S.' edge---and it's not going away soon. Since
1980, real per capita GDP has expanded 69.2% in the U.S. vs. 65.6% for
the EU 15. Why? Our productivity is greater. In just the last 10 years,
U.S. productivity has expanded 2.5% a year, with Europe growing nearly a full
percentage point less. This will widen... Financial crisis notwithstanding,
the U.S. economy will be twice Europe's size by 2025. Even after our stock
market and housing losses, the U.S. is still extraordinarily wealthy. In the
second quarter, Fed data show, the U.S. private sector owned $110.6 trillion in
assets---an immense amount of wealth. The estimated $1 trillion to $2 trillion
cost of the current financial mess is small by comparison. During the Great
Depression, U.S. output plunged 27% in four years; unemployment neared a
third of the work force. Real private investment shrank 87% in three years;
personal spending plunged 41%. We're not close to that. Nor are we likely to
be---unless we foolishly pursue high-tax policies that would kill growth. It's
easy to give in to excessive pessimism these days. But the U.S. model---based
on productive labor, free trade, fewer rules, lower taxes and rewards for
entrepreneurial effort---is still sound. We'll soon emerge stronger, and
better, for our current tribulations." ---Investor's Business Daily

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DEZINFORMATSIA

Race bait: "I think it's too early to declare victory, Anderson, because
Barack Obama is black. And I think until we play out the issue of race
in this country, I don't think we---will know, maybe less---late in the
campaign. We don't know about the race factor in America now. So I think
it's too soon and I think it could close some before it's over." ---former
presidential adviser and CNN contributor David Gergen  ++   "Now, let me be
clear here. If Obama goes in this race with a five-point lead and loses this
election, the consequences are---oh, man...[I]f Obama goes in and he has a
consistent five-point lead and loses the election, it would be very, very,
very traumatic out there." ---Clintonista James Carville in response  ++
"This is why what Sarah Palin is doing is so dangerous. In the view, the
Associate Press, they said her attack on this whole Bill Ayres thing was
racially tinged. That's not what the Democrats said, that's what the Associated
Press said." ---Clintonista Paul Begala trying to make a distinction between
the AP and the Democrats

Double standard: "I haven't been able to ask [Obama] directly about the
relationship he has or had with Bill Ayers." ---CNN "investigative reporter"
Drew Griffin **And just how fast would a Republican would be asked about an
association with a terrorist?

Slobbering sycophant: "Barack Obama is gifted in his birth by a wonderful
smile. He has a wonderful way of disengaging or disarming attacks on him,
even when they're ferocious. John McCain, when he smiles, has a somewhat
menacing quality. It may not be purposeful, but when he smiles, you wonder
what he's really thinking. For whatever reason, Barack Obama comes off as
debonair, even under attack." ---MSNBC's Chris Matthews **Wipe that drool
off your chin, Chris.

Newspulper Headlines: Hockey Moms Would Never Do This: "Soccer Moms Accused
of Breaking Into Several Homes" ---WKYT-TV Web site

How Thoughtful of Them!: "Cops Sweep Area for Gang" ---Times (Munster, IN)

We Blame Global Warming: "Western Nebraska Starts Planning for Winter"
---Omaha World-Herald

Climate Change Isn't All Bad: "Haggis at Risk From Global Warming" ---Daily
Telegraph (London)

Everything Seemingly Is Spinning Out of Control: "'Satan' Attacks Police,
Bank Employees" ---Salt Lake Tribune

News You Can Use: "Avoid Lamborghinis, Loud Logos Amid Financial Blues:
Interview" ---Bloomberg

Bottom Stories of the Day: "Sharpton Convicted of Disorderly Conduct"
---CNN.com  ++   "Gore Toasts Obama at Tenn. Fundraiser at His Home"
---Associated Press  ++ "New York Times Calls McCain Campaign 'Appalling"'
---CNN.com (Thanks to The Wall Street Journal's James Taranto)

THE DEMO-GOGUES

Redistribution of your income: "It's not that I want to punish your success. I
just want to make sure that everybody who is behind you, that they've got a
chance for success too. I think when you spread the wealth around, it's good
for everybody." ---Barack Obama to a small business owner at a recent rally

Downplaying alliances: "Ultimately, I ended up learning about the fact that
[Weatherman terrorist Bill Ayers] had engaged in this reprehensible act 40
years ago, but I was eight years old at the time and I assumed that he had
been rehabilitated." ---Barack Obama

Narcissism: "The notion that people don't know who I am is a little hard
to swallow. I've been running for President for the last two years. I've
campaigned in 49 states. Millions of people have heard me speak at length on
every topic under the sun. And I've written two books which everybody who
reads them will say are about as honest a set of reflections by at least a
politician as are out there." ---Barack Obama

Can't stand scrutiny: "Every single false charge, every single baseless
accusation is a simple attempt to get you to focus on something other than
what's affecting your family and your country." ---Joe Biden

Formula for Demo success: "The administration keeps plowing an Uzi's worth
of bullets into the McCain-Palin ticket every time they have something else
go wrong... It's good politics for us." ---Bill Clinton admitting that pain
for Americans is good for Democrats

Major chutzpah: "Our children and grandchildren will be paying the price
for years to come as they shoulder this growing burden of debt." ---House
Budget Committee Chairman John Spratt Jr. (D-SC) **And who has control of
the House Budget Committee---President Bush?

VILLAGE IDIOTS

Vote Obamessiah: "You are the instruments that God is going to use to
bring about universal change, and that is why Barack has captured the
youth. And he has involved young people in a political process that they
didn't care anything about. That's a sign. When the Messiah speaks, the
youth will hear, and the Messiah is absolutely speaking." ---Nation
of Islam leader Louis Farrakhan (YouTube has the
video (http://www.youtube.com/watch?v=OowxMcVTjTE))

Obama supporters unite: "[It is] a miracle that the Democratic candidate
hasn't suffered the same luck as Martin Luther King, Malcolm X and others
who harbored dreams of equality and justice." ---Cuban dictator Fidel Castro,
pontificating on the "profound racism" in the U.S.

From the gun grabbers: "Senators Barack Obama and Joseph Biden know that
we make it too easy for dangerous people to get dangerous weapons in this
country... Senators Obama and Biden know that we can reduce... deaths and
injuries from guns by strengthening our Brady background check system,
getting military-style assault weapons off our streets, and giving law
enforcement more tools to stop the trafficking of illegal guns." ---Paul
Helmke, president of the gun-ban group the Brady Campaign

Foreign policy dunce: "Bush was so afraid of a snafu and of upsetting Israel
that he gave the whole thing a miss. Barack will change that [because as
long as the Palestinians haven't seen justice, the Middle East will] remain
a source of danger to us all. Barack is determined to repair our relations
with the world of Islam and Muslims. Thanks to his background and ecumenical
approach, he knows how Muslims feel while remaining committed to his own
faith." ---Jesse Jackson, who also decried the "Zionists who have controlled
American policy for decades"

Freedom is never free!
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SHORT CUTS

"The president went on to say: 'Here's what the American people need to know:
that the United States government is acting; we will continue to act to
resolve this crisis and restore stability to our markets.' Which was Bush's
way of saying: 'Hi, I'm from the government, and I'm here to help.' Run for
the hills!" ---Chuck Muth

"Gaze into the giant zero of the Obama logo, the hole in the star-spangled
doughnut, the vast fathomless nullity that is the gaping keyhole to the door
of utopia. To a sad shriveled Republican cynic, there's nothing there but
the wide open spaces of Obama's blank resume." ---Mark Steyn

"Investigators (of ACORN's voter fraud) discovered that the entire offensive
line of the Dallas Cowboys had signed up to vote in Las Vegas, unless it
turns out that someone forged their signatures to make a quota. The rules
for this game were written in Chicago." ---Wesley Pruden

"Barack Obama denied any terrorist ties to Bill Ayers on ABC News Wednesday. He
may have other skeletons in that area. According to Nevada's voter registration
rolls, Fidel Castro and Osama bin Laden have already voted for him by mail
in Las Vegas." ---Argus Hamilton

"A town in upstate New York is being accused of being biased 'cause they
sent out absentee ballots that say 'Barack Osama.' Today they apologized
and printed new ballots that say 'Barack Hussein Osama'." ---Conan O'Brien

Jay Leno: The last debate will be [Wednesday] night. It's being sponsored by
Anheuser-Bush. I guess the last two debates were so boring, people need to get
good and liquored up. ... But the big story continues to be the economy. How
many people remember when we had an economy? They said on the news today that
the stock market is on a wild roller-coaster ride. Really? Does it feel like
a roller coaster? Doesn't it feel more like that stupid free-fall ride where
you drop 500 feet and you vomit all over the place? ... Former President Jimmy
Carter blasted President Bush, blaming the financial crisis on him. Carter
called this the worst financial crisis since the Carter administration. ... The
average price of a gallon of gas has had its biggest drop ever this week
also. It's now down to $3.30 a gallon. Remember $3.30 a gallon? That's the
price you used to get outraged about a year ago. ... General Motors fell to
its lowest level since 1950, not a good sign. In fact, in terms of carmakers,
General Motors is now third behind Tonka and Hot Wheels.

Veritas vos Liberabit---Semper Vigilo, Fortis, Paratus, et Fidelis! Mark
Alexander, Publisher, for The Patriot's editors and staff. (Please pray
for our Patriot Armed Forces standing in harm's way around the world, and
for their families---especially families of those fallen Soldiers, Sailors,
Airmen, Marines and Coast Guardsmen, who granted their lives in defense of
American liberty.)
*Publius*

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