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  • Samuel at Gilgal

    This year I will be sharing brief excerpts from the articles, sermons, and books I am currently reading. My posts will not follow a regular schedule but will be published as I find well-written thoughts that should be of interest to maturing Christian readers. Whenever possible, I encourage you to go to the source and read the complete work of the author.

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Who Benefited From Fannie And Freddie?

The Economics Of Political Spin

Thomas Sowell writes in his article, “Do Facts Matter?” about the political spin of the economic crisis in order to influence voters:

The current financial bailout crisis has propelled Barack Obama back into a substantial lead over John McCain– which is astonishing in view of which man and which party has had the most to do with bringing on this crisis.

It raises the question: Do facts matter? Or is Obama’s rhetoric and the media’s spin enough to make facts irrelevant?

Fact Number One: It was liberal Democrats, led by Senator Christopher Dodd and Congressman Barney Frank, who for years– including the present year– denied that Fannie Mae and Freddie Mac were taking big risks that could lead to a financial crisis.

It was Senator Dodd, Congressman Frank and other liberal Democrats who for years refused requests from the Bush administration to set up an agency to regulate Fannie Mae and Freddie Mac.

It was liberal Democrats, again led by Dodd and Frank, who for years pushed for Fannie Mae and Freddie Mac to go even further in promoting subprime mortgage loans, which are at the heart of today’s financial crisis.

Alan Greenspan warned them four years ago. So did the Chairman of the Council of Economic Advisers to the President. So did Bush’s Secretary of the Treasury, five years ago.

Yet, today, what are we hearing? That it was the Bush administration “right-wing ideology” of “de-regulation” that set the stage for the financial crisis. Do facts matter?

Subprime Disaster: Who Hurt Us – Who Tried To Help

What Sermons Would You Choose For Your Pastor To Preach?

It is easy for a preacher in America to get people’s attention by appealing to unbelievers and Christians with promises of prosperity in this life as well as in the life to come. They turn the whole object of surrendering your life to Christ into a sort of even trade of the old run-down Ford for the excitement of a luxurious new BMW.

The many benefits of salvation are real and the blessings of life in Christ are abundant. They are not, however, always seen in the material possessions or circumstances of the believer in this world. Many Christians, especially in Muslim countries are persecuted all their lives.

Is God really planning to provide everyone with their best life now? The pastor’s sermon must never appeal to people on the basis that Christ came to fulfill their psychological and material needs. You may indeed be a sincere Christian and still have to endure suffering in this life. As a matter of fact, when calling unbelievers to repentance – would it not be more honest to remind them of the eternal suffering that awaits the unrepentant sinner?

God’s grace through Jesus Christ is so wonderful that we are often dissuaded from addressing the very real consequences of sin in this life. People have “itching ears” that only want to hear positive reinforcement for their fantasies of how they think their lives should be lived in this world. They secretly desire a genie in the lamp who will serve them and flee from the truth of a God who is holy and pure and righteous in His judgment. This is why the message of “prosperity preachers” is so dangerous. Like the “flim-flam” man, these preachers appeal to the greed in their followers while holy living and dependence upon the grace of Christ are traded for false dreams of health and wealth.

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