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RealClearPolitics - Articles tag:www.realclearpolitics.com,2008:/articles//2 2008-05-15T04:47:19Z Movable Type 3.2 Alice in Housing Land tag:www.realclearpolitics.com,2008:/articles//2.68620 2008-05-15T06:41:05Z 2008-05-15T04:47:19Z

Lewis Carroll, call your office. Or, better still, the author of "Alice's Adventures in Wonderland" should call Washington, where the government's determination to solve the housing "crisis" produced this lead paragraph in a recent New York Times story: "Federal agencies are intensifying a criminal investigation of the mortgage industry and focusing on whether some lenders turned a blind eye to inflated income figures provided by borrowers." Perhaps some lenders who were lied to were culpably indifferent to dishonesty because they planned to sell to others mortgages that the lenders knew were risky. But the victimization narrative that is turning turbulence in the housing market into a morality tale involves borrowers victimized by "predatory" lenders. The narrative remains murky because there is scant information about the percentage of currently distressed borrowers who were untruthful about their incomes or net worth when talking to lenders. One symptom of the "crisis" is that housing prices have fallen. How far is unclear. Estimates range from 3 percent to 13 percent. Questions arise.

WASHINGTON -- Barack Obama really didn't need a victory in West Virginia. He was already well on his way to wrapping up the Democratic nomination, and the 28 delegates at stake were not going to change that picture, no matter how that primary came out. But he should have competed there, if only to signal his awareness of its special place in Democratic history. Forty-eight years ago, it was West Virginia more than any other state that propelled John Kennedy into the White House. And it did so in a way that Obama should have wanted to emulate.

WASHINGTON, D.C. -- On May 15, 1963, the late Rowland Evans and I published our first column. That makes today (Thursday) the 45th anniversary (the first 30 years under the Evans & Novak byline) of the nation's longest-running current syndicated political column. It achieved that distinction Feb. 27 with the death of William F. Buckley Jr., whose column started 13 months before ours. Buckley was a conservative icon and political leader whose column was not the most important of his many endeavors. I am merely a journalist whose principal activity those 45 years has been writing a column based on reporting. Evans and I determined that each column would contain previously unpublished information, and I still attempt that. Rowly called it "intersecting the lines of communication," through tricks of a reporter's trade but also leaks.

In an effort to win over those "moderates" who believe that global warming is about to destroy the planet, Republican presidential candidate John McCain spoke Monday at a Portland, Ore., training facility for Vestas Wind Technology. He claimed, "The facts of global warming demand our urgent attention, especially in Washington." There certainly is more "hot air" on this and a lot of other subjects in Washington, but that isn't what he meant. The era of big government is so not over, as Bill Clinton claimed it was in 1996. It is just beginning and increasingly the political contests seem to be about who will manage its growth, not who will reduce its size, cost and reach.

The war in Iraq is in its sixth year -- and we, the public, are in our sixth year of reading warring accounts about it. The most recent is Lt. Gen. Ricardo Sanchez's "Wiser in Battle: A Soldier's Story." Sanchez, a senior ground commander in Iraq from June 2003 to June 2004, faults L. Paul Bremmer, the top civilian in Iraq from mid-2003-4, and Secretary of Defense Donald Rumsfeld for the errors and mishaps of the occupation. The new Sanchez book follows Douglas Feith's new book "War and Decision." The former undersecretary of defense, who oversaw many of the original plans for the postwar reconstruction of Iraq, makes the case that the State Department and Bremmer thwarted Defense Department efforts to hasten Iraqi autonomy and form a new Iraqi army.

Watching the news from Lebanon, it's poignant to read the title of a new memoir by Jordan's former foreign minister, Marwan Muasher, "The Arab Center: The Promise of Moderation." The daily headlines tell us that centrist Arabs such as Muasher are becoming an endangered species. The center is under siege in Lebanon and across the Middle East as the region becomes more polarized between Iranian-backed extremists and U.S.-backed forces. Iran's proxies strike at will: seizing control of Beirut neighborhoods in a naked show of defiance; lobbing missiles into Israel from Gaza to disrupt peace talks; creating havoc in southern Iraq and Baghdad. And then, with the cunning that makes Iran such a difficult adversary, Tehran's friends retreat -- striking deals that tilt each time a bit more in favor of the radicals. It's a familiar pattern: Iran unsheathes the sword, bloodies the moderates enough to show its power and then puts the sword back in the sheath. Would that America were so deft in helping its friends.

In the 1980s, a Republican House member, fed up with bipartisan efforts to reduce the budget deficit, denounced Republican Sen. Bob Dole as the "tax collector for the welfare state." Newt Gingrich, who later became Speaker, had captured something essential about the party's mood. It was not against the welfare state. It was just against paying for it. That remains the case today, as John McCain and his supporters make clear. He rules out tax increases to cut the deficit, while vowing to get tough on spending. But the Committee for a Responsible Federal Budget says that while his proposals would slow the growth of spending, total outlays would still rise faster than inflation. Result: a larger deficit.

The morning after overdoing it, some of us take pleasure in the cleansing process. The carrot juice goes down smoothly, and a simple walk feels virtuous. One vows to exert more self-control and give yoga another try. The current economic downturn creates its own kind of a hangover and also a potential learning experience. For many consumers, it has tolled closing time on too much borrowing, too much spending, too much sweet talk about real estate. The game is over. But while the dawn may seem cruel, it sheds light on certain truths that had been suppressed. Enrolling one's finances into a 12-step program is a healthy thing to do.

Double standards are endemic in American journalism. But Cindy McCain, wife of the Republican presidential candidate, displayed poor taste in flaunting her family's special immunity from press scrutiny. Declaring on NBC's "Today" that she would "never" release her income tax returns even if she becomes first lady, the Arizona beer heiress showed no concern that she and her husband will have to meet the same tests as other would-be White House occupants -- ever. Unfortunately, Mrs. McCain's arrogance is probably well founded. While her personal net worth is estimated somewhere north of $50 million, she can surely rely upon the discretion of right-wing media organizations and commentators, which so far have given her and her husband a free pass on the income tax question. In contrast to their unrelenting demands for absolutely complete disclosure by Bill and Hillary Clinton over alleged or suspected conflicts of interest, the so-called conservative media have remained mum about Mrs. McCain.

BOSTON -- During the Vietnam War there was a phrase that came to symbolize the entire misbegotten adventure: "It became necessary to destroy the village in order to save it." It was said at first with sincerity, then repeated with irony, and finally with despair. I have heard similar thoughts in the weeks since Texas authorities invaded a ranch in Eldorado and rounded up hundreds of children from the polygamous sect of the Fundamentalist Church of Jesus Christ of Latter Day Saints. Did they traumatize the children in order to protect them? Did they shatter their lives to rescue them?

I recently traveled to New York. On the plane, I met an actress named Lenora. During the long flight, I learned that a) she's Jewish, b) she works as an actress, and c) was doing a play in the hyper-liberal city of Santa Monica, Calif. Not exactly, I thought, a Reagan Republican. She asked about my business in New York, and I told her I intended to do a series of TV shows to promote my new book. "What is the title?" she asked.

WASHINGTON -- For weeks after the attacks of Sept. 11, 2001, when images of twisted metal and smoldering debris still filled television screens and the wail of bagpipes at firefighters' funerals sounded day after day, there was one face that seemed to embody the terror. It was that of Mohamed Atta, ringleader of the suicide highjackers, with his steely eyes and tight lips that appeared to reflect the evil within. Seven years later, if we were to seek a portrait that is emblematic of the way the United States has tried -- and failed -- to bring those responsible for the heinous plot to justice, we would have to produce a photograph of Mohammed al-Qahtani.

Remarks of Senator Barack Obama Macomb Community College Warren, Michigan Earlier today, I went for a tour of the Chrysler stamping plant in Sterling Heights, and I listened to folks tell me about how hard it is to get by in this economy. And the record oil prices mean that it's even harder for automakers and autoworkers - especially at a time when they're struggling to meet the demands of a 21st Century economy. Since the beginning of this year, thousands of Chrysler workers have lost their jobs. The entire industry has shed 300,000 jobs in the past eight years - about a third of which were lost in Michigan. That's hundreds of thousands of workers who will no longer be able to count on a paycheck to pay the rising costs of health care and college; gas and groceries. And those who are lucky enough to avoid getting laid off are still feeling the pressures of restructuring.

In a major blow to national Republicans, a Mississippi congressional seat that once voted for President Bush by a twenty-five point margin elected a Democrat on Tuesday. Prentiss County Chancery Clerk Travis Childers beat out Republican candidate Greg Davis, the mayor of Southaven, by a 54%-46% margin, a spread that several Republican strategists on Capitol Hill characterized as a startling wake-up call for a party in dire straits. Voters cast ballots for the fourth time in three months for the seat, vacated when Republican Roger Wicker was appointed to fill the remainder of Senator Trent Lott's term. After winning the primary and the runoff election, Childers came within 410 votes of winning the first round of the special election against Davis on April 22, beating the Republican by a 49%-46% margin.

In Michael Gerson's contemptuous, and factually loose, op-ed about what he calls the "Coburn Seven" and our effort to preserve the life-saving success of the President's Emergency Plan for AIDS Relief (PEPFAR), he asks readers to weigh the moral scale between seven United States Senators and 3 million HIV/AIDS infected people, many of whom are frail and malnourished. This is not difficult for me to imagine. As a practicing physician, I have held AIDS patients in my arms, not just in a phrase. Twenty years ago, I delivered a baby girl who would become the first child I delivered to die from AIDS. I discovered she was infected with HIV after I diagnosed her mother with late-stage AIDS. The mother died two and a half weeks after we learned she had the disease. Her daughter struggled for seven years before she joined her mother. Sadly, this would not be the first AIDS patient I would treat and lose in my practice.