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Open letter to readers: Today and tomorrow

By Lynda Waddington | 11.17.11

Wednesday was a difficult day for The American Independent News Network, which is the larger entity that operates The Iowa Independent. Our chief executive and founder announced two of our sister sites would close and their content would be moved to The American Independent.

ACS lockout continues; plan emerges to repeal sugar protections

crystal_sugar_80
By Virginia Chamlee | 11.15.11

A recently introduced bill could have far-reaching impact on the U.S. sugar industry, including American Crystal Sugar, a farmer-owned cooperative that locked out 1,300 Midwest workers on Aug. 1.

Cain campaign: Farmers know more about regulations than EPA

hermancain_80x80
By Andrew Duffelmeyer | 11.15.11

The chairman for Herman Cain’s Iowa effort says the campaign “relied more on the word of farmers than Washington regulators” in deciding to run an ad containing claims the Environmental Protection Agency says are false.

Mathis wins, Democrats maintain Senate control

Liz Mathis
By Lynda Waddington | 11.08.11

The Iowa Senate will remain under the control of a slim 26-25 Democratic majority when it reconvenes in January 2012.

Press Release

PR: Nation should work to address veterans’ challenges

By Press Release Reprints | 11.11.11

BRUCE BRALEY RELEASE — As US involvement in Iraq and Afghanistan ends, it’s more important than ever that our nation works to address the challenges faced by the men and women who fought there.

PR: Honoring veterans, help in hiring

By Press Release Reprints | 11.11.11

CHUCK GRASSLEY RELEASE — A difficult job market is challenging the soldiers, sailors and airmen who have protected America’s interests by serving in the Armed Forces.

PR: In honor of America’s veterans

By Press Release Reprints | 11.11.11

TOM LATHAM RELEASE — No one has done more to secure the freedom enjoyed by every single American than our veterans and those currently serving in the armed services.

PR: Honoring and supporting our nation’s veterans

By Press Release Reprints | 11.11.11

DAVE LOEBSACK RELEASE — Veterans Day is an opportunity to reflect on the service of generations of veterans and to honor the sacrifices they and their families have made so that we may live in peace and freedom here at home.

Hubler: Train financial anger on King, GOP

By Douglas Burns | 10.13.08 | 8:16 am
Rob Hubler

Rob Hubler

If you don’t like what you see with your mutual funds or retirement investment portfolio these days, take out your anger on the Republicans — and specifically Congressman Steve King — says his challenger Rob Hubler.

“Where we find ourselves in the market is directly accredited to Steve King’s philosophy,” Hubler said Friday in Carroll.

“People are no longer confused. They are just angry as heck,” he added.

Hubler held a mock debate at the Carroll Depot in which a child’s Burger King crown and an empty chair — complete with a bottle of water — were used to represent the absence of King, R-Kiron, who has refused to debate Hubler, citing both media bias and what King says is Hubler’s penchant for personal attacks.

King spoke elsewhere in Carroll Friday.

For his part, Hubler hit on an array of topics but focused most of his time on the economy. The Council Bluffs Democrat says the “total free market” and “deregulation” approach to governing from the Republicans has resulted in the current financial crisis.

“Hopefully it won’t be worse than the Depression,” he said.

Hubler thinks western Iowans should be particularly troubled by comments from Republican presidential candidate John McCain, who said in the first general election debate that he would cut ethanol subsidies.

“That would be an utter, total disaster for the Fifth District and Iowa,” he said.

Hubler contended that McCain is also hostile to wind power – a charge also leveled against McCain by Democratic presidential candidate Barack Obama.

Iowans should factor this heavily into their voting, Hubler said.  “We truly have a way to rebuild rural America through renewables.”

He said he agrees with more oil drilling but wants the focus of the national energy strategy to be on sources in Iowa. “The answer is not drill, baby, drill, it’s grow, baby, grow.”

The Hubler campaign has been using props at campaign events to mock Congressman Steve King for not debating.

The Hubler campaign has been using props at campaign events to mock Congressman Steve King for not debating.

With a troubled stock market fueling anxious times, Hubler said, senior voters can be thankful that Democratic members of Congress killed a plan to privatize Social Security so that money is not now in the stock market – diving with other investments.

Moving to other issues, Hubler said he supports a partitioning plan in Iraq advanced by Democratic vice presidential candidate Joe Biden, chairman of the Senate Foreign Relations Committee. That plan would divide factions into autonomous regions, held together by something of a confederation.

On immigration, Hubler said the United States should strengthen the borders. He also supports a path to citizenship for those illegal immigrants who are gainfully employment, learning English and staying out of trouble with the law.

He added that internal polling for his campaign indicates that western Iowans support such a plan for the immigrants in their communities.

“Our meat industry depends upon immigrant labor,” Hubler said.

Comments

  • daddysteve

    The Council Bluffs Democrat says the “total free market” and “deregulation” approach to governing from the Republicans has resulted in the current financial crisis. WHAT?? Show me a free market anywhere on this planet. The “regulation” needed is TRANSPARENCY. Make the banks disclose the crap on their books and make them value this garbage fairly. Banks (et al) don't trust each other and won't lend because they are all hiding this junk and the suspension of “mark to market” accounting will certainly exacerbate the mistrust. If this is the best opinion on economics that Hubler can come up with then he's ignorant or,more likely, pandering to the clueless voter. And ,of course, the ultimate blame lies with the clueless voters.

  • FifthDistrictConservative

    Once again, Hubler shows why he is not competent for the position he seeks. You can't resolve problems by ignoring the root causes and casting chaff.

    1. The root cause dates back to:the Community Reinvestment Act of 1977 (CRA) under the Carter Administration mandated that banks loan to both neighborhoods that were risky investments as well as home buyers with poor to bad credit in an attempt to spread home ownership.

    2. In 1995 under the Clinton Administration the scope and parameters of the CRA were greatly expanded. Then Attorney General Janet Reno threatened criminal prosecution to those institutions who were not expanding their portfolio of loans to those who did not meet the credit standards of conventional mortgages. Also, Andrew Cuomo, the then Secratary of HUD expanded the percentage of said mortgages that Fannie Mae and Freddie Mac (both are GSE's or Government Sponsored Entities) MUST purchase in the open market. This provided the liquidity necessary for lenders to comply with the CMA and its expansion under the full force of the United States Justice Department. Thus the “Sub-Prime” mortgage market was born. Groups like ACORN were given the ability to block any proposed bank merger or opening of a new branch by merely accusing the bank of not complying with the CRA. The CRA carries with it no gauge by which to measure compliance or non compliance. therefore, if a bank needed to do a merger or wanted to open a branch, they had to give a large donation to ACORN and/or loan more money to people who could not pay it back.

    3. In 2003 the Bush Administration under the leadership of then Secretary of the Treasury John Snow introduced legislation to reign in Fannie Mae and Freddie Mac. Secretary Snow proposed that there be established a new regulatory agency to oversee these two GSE's. He warned in congressional hearings of a possible impending financial crisis if Fannie and Freddie continued to take on so much financial risk in the form of sub-prime mortgages and overall lowered credit standards. Secretary Snow and the Bush Administration pushed hard for these and other reforms but they were ultimately killed by Rep. Barney Frank (D) who said during a hearing with Secretary Snow that, “There is no crisis. These institutions are financially sound.” As well as Sen. Chris Dodd (D) who repeatedly made similar comments. Keep in mind, Barney Frank's live in boyfriend, Herb Moses, was Fannie Mae's assistant director for product initiatives from 1991-1998 while Frank was on the House Banking Committee with jurisdiction over Fannie Mae (nope – no conflict there).

    4. In 2005 John McCain, that's correct, John McCain co-sponsored legislation in the US Senate to reign in Fannie and Freddie through essentially the same approach as Sec. Snow: to create a separate government agency to oversee the two GSE's. I heard with my own two ears Sen. McCain speak on the Senate floor in support of his legislation warning of “a systemic risk” Fannie and Freddie posed to the financial system if they were not reigned in. Regrettably, this legislation too was killed by none other than Chris Dodd (D) who lead like minded Democrats who believed this was a civil rights issue, not a financial one.

    Which brings us to the present day and the mess we are now in. By the way are you aware that the largest recipient of campaign contributions from Fannie Mae was Sen. Chris Dodd. You'll never guess who number 2 was. That's right, Sen. Barack Obama. Now I ask you, who is responsible for this debacle? You don't have to believe me, but would you believe one of America's preeminent economists who just happens to be an African America? Thomas Sowell wrote the following article entitled: “Do Facts Matter?”
    http://townhall.com/columnists/ThomasSowell/200…

  • FifthDistrictConservative

    Once again, Hubler shows why he is not competent for the position he seeks. You can't resolve problems by ignoring the root causes and casting chaff.

    1. The root cause dates back to:the Community Reinvestment Act of 1977 (CRA) under the Carter Administration mandated that banks loan to both neighborhoods that were risky investments as well as home buyers with poor to bad credit in an attempt to spread home ownership.

    2. In 1995 under the Clinton Administration the scope and parameters of the CRA were greatly expanded. Then Attorney General Janet Reno threatened criminal prosecution to those institutions who were not expanding their portfolio of loans to those who did not meet the credit standards of conventional mortgages. Also, Andrew Cuomo, the then Secratary of HUD expanded the percentage of said mortgages that Fannie Mae and Freddie Mac (both are GSE's or Government Sponsored Entities) MUST purchase in the open market. This provided the liquidity necessary for lenders to comply with the CMA and its expansion under the full force of the United States Justice Department. Thus the “Sub-Prime” mortgage market was born. Groups like ACORN were given the ability to block any proposed bank merger or opening of a new branch by merely accusing the bank of not complying with the CRA. The CRA carries with it no gauge by which to measure compliance or non compliance. therefore, if a bank needed to do a merger or wanted to open a branch, they had to give a large donation to ACORN and/or loan more money to people who could not pay it back.

    3. In 2003 the Bush Administration under the leadership of then Secretary of the Treasury John Snow introduced legislation to reign in Fannie Mae and Freddie Mac. Secretary Snow proposed that there be established a new regulatory agency to oversee these two GSE's. He warned in congressional hearings of a possible impending financial crisis if Fannie and Freddie continued to take on so much financial risk in the form of sub-prime mortgages and overall lowered credit standards. Secretary Snow and the Bush Administration pushed hard for these and other reforms but they were ultimately killed by Rep. Barney Frank (D) who said during a hearing with Secretary Snow that, “There is no crisis. These institutions are financially sound.” As well as Sen. Chris Dodd (D) who repeatedly made similar comments. Keep in mind, Barney Frank's live in boyfriend, Herb Moses, was Fannie Mae's assistant director for product initiatives from 1991-1998 while Frank was on the House Banking Committee with jurisdiction over Fannie Mae (nope – no conflict there).

    4. In 2005 John McCain, that's correct, John McCain co-sponsored legislation in the US Senate to reign in Fannie and Freddie through essentially the same approach as Sec. Snow: to create a separate government agency to oversee the two GSE's. I heard with my own two ears Sen. McCain speak on the Senate floor in support of his legislation warning of “a systemic risk” Fannie and Freddie posed to the financial system if they were not reigned in. Regrettably, this legislation too was killed by none other than Chris Dodd (D) who lead like minded Democrats who believed this was a civil rights issue, not a financial one.

    Which brings us to the present day and the mess we are now in. By the way are you aware that the largest recipient of campaign contributions from Fannie Mae was Sen. Chris Dodd. You'll never guess who number 2 was. That's right, Sen. Barack Obama. Now I ask you, who is responsible for this debacle? You don't have to believe me, but would you believe one of America's preeminent economists who just happens to be an African America? Thomas Sowell wrote the following article entitled: “Do Facts Matter?”
    http://townhall.com/columnists/ThomasSowell/200…

  • daddysteve

    The Council Bluffs Democrat says the “total free market” and “deregulation” approach to governing from the Republicans has resulted in the current financial crisis. WHAT?? Show me a free market anywhere on this planet. The “regulation” needed is TRANSPARENCY. Make the banks disclose the crap on their books and make them value this garbage fairly. Banks (et al) don't trust each other and won't lend because they are all hiding this junk and the suspension of “mark to market” accounting will certainly exacerbate the mistrust. If this is the best opinion on economics that Hubler can come up with then he's ignorant or,more likely, pandering to the clueless voter. And ,of course, the ultimate blame lies with the clueless voters.

  • FifthDistrictConservative

    Once again, Hubler shows why he is not competent for the position he seeks. You can't resolve problems by ignoring the root causes and casting chaff.

    1. The root cause dates back to:the Community Reinvestment Act of 1977 (CRA) under the Carter Administration mandated that banks loan to both neighborhoods that were risky investments as well as home buyers with poor to bad credit in an attempt to spread home ownership.

    2. In 1995 under the Clinton Administration the scope and parameters of the CRA were greatly expanded. Then Attorney General Janet Reno threatened criminal prosecution to those institutions who were not expanding their portfolio of loans to those who did not meet the credit standards of conventional mortgages. Also, Andrew Cuomo, the then Secratary of HUD expanded the percentage of said mortgages that Fannie Mae and Freddie Mac (both are GSE's or Government Sponsored Entities) MUST purchase in the open market. This provided the liquidity necessary for lenders to comply with the CMA and its expansion under the full force of the United States Justice Department. Thus the “Sub-Prime” mortgage market was born. Groups like ACORN were given the ability to block any proposed bank merger or opening of a new branch by merely accusing the bank of not complying with the CRA. The CRA carries with it no gauge by which to measure compliance or non compliance. therefore, if a bank needed to do a merger or wanted to open a branch, they had to give a large donation to ACORN and/or loan more money to people who could not pay it back.

    3. In 2003 the Bush Administration under the leadership of then Secretary of the Treasury John Snow introduced legislation to reign in Fannie Mae and Freddie Mac. Secretary Snow proposed that there be established a new regulatory agency to oversee these two GSE's. He warned in congressional hearings of a possible impending financial crisis if Fannie and Freddie continued to take on so much financial risk in the form of sub-prime mortgages and overall lowered credit standards. Secretary Snow and the Bush Administration pushed hard for these and other reforms but they were ultimately killed by Rep. Barney Frank (D) who said during a hearing with Secretary Snow that, “There is no crisis. These institutions are financially sound.” As well as Sen. Chris Dodd (D) who repeatedly made similar comments. Keep in mind, Barney Frank's live in boyfriend, Herb Moses, was Fannie Mae's assistant director for product initiatives from 1991-1998 while Frank was on the House Banking Committee with jurisdiction over Fannie Mae (nope – no conflict there).

    4. In 2005 John McCain, that's correct, John McCain co-sponsored legislation in the US Senate to reign in Fannie and Freddie through essentially the same approach as Sec. Snow: to create a separate government agency to oversee the two GSE's. I heard with my own two ears Sen. McCain speak on the Senate floor in support of his legislation warning of “a systemic risk” Fannie and Freddie posed to the financial system if they were not reigned in. Regrettably, this legislation too was killed by none other than Chris Dodd (D) who lead like minded Democrats who believed this was a civil rights issue, not a financial one.

    Which brings us to the present day and the mess we are now in. By the way are you aware that the largest recipient of campaign contributions from Fannie Mae was Sen. Chris Dodd. You'll never guess who number 2 was. That's right, Sen. Barack Obama. Now I ask you, who is responsible for this debacle? You don't have to believe me, but would you believe one of America's preeminent economists who just happens to be an African America? Thomas Sowell wrote the following article entitled: “Do Facts Matter?”
    http://townhall.com/columnists/ThomasSowell/200…

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