Tuesday, December 14, 2010

Judge Objects to Obamacare Bait and Switch: The Mandate Became a Tax

From Peter Wehner at Commentary Magazine:

Judge Hudson writes, “Despite pre-enactment representations to the contrary by the Executive and Legislative branches, the Secretary now argues that the Minimum Essential Coverage Provision is, in essence, a ‘tax penalty.’”

That’s a polite way of saying that the Obama administration willfully misled the public during the health-care debate. In fact, President Obama repeatedly denied that the mandate was a tax — but now, in order to pass constitutional muster, his administration is insisting it is. I urge you to watch ... [w]hen ... Obama scolds Stephanopoulos. “That’s not true, George,” the president says. “[It] is absolutely not a tax increase.”

Now the president and his administration are arguing exactly the opposite.

This is a deeply cynical maneuver on the part of the man who promised to put an end to cynical political acts. Like so much of what Obama said, this promise was fraudulent.

The complete entry is here, with links.

Monday, December 13, 2010

Father Castrates Daughter's 57 Year Old Boyfriend in Germany

Nuts to you, buddy! Now you've got two pair.

Story here.

Obamacare is Not Just Un-American, It's Anti-Human

In a story at TheHill.com here, reporting on the ruling of a Virginia judge that the individual mandate in Obamacare is unconstitutional, we are met with the following bizarrerie:

The Obama administration argues healthcare is different from other commercial markets, because — illness being both inevitable and involuntary — everyone ultimately requires some form of care.

By this reasoning, government should mandate that the baby pay for his own birth, and the corpse for his own burial, the first and the last of the involuntaries which bookend human existence. 

Obamacare is not just un-American. It's anti-human.

America is Not Either Or, It's Both And

Bill Clinton once shot back at black incitement to violence against whites, and wore it as a badge of a non-extreme third way ever thereafter. His critics would say his sincerity was on full display in Waco and Kosovo.

The founders had already discovered a third way of their own, however, and had called it America:

The third model of human nature is found in the thinking of the American founders. “If men were angels,” wrote James Madison, the father of the Constitution, in Federalist Paper No. 51, “no government would be necessary.” But Madison and the other founders knew men were not angels and would never become angels. They believed instead that human nature was mixed, a combination of virtue and vice, nobility and corruption. People were swayed by both reason and passion, capable of self-government but not to be trusted with absolute power. The founders’ assumption was that within every human heart, let alone among different individuals, are competing and sometimes contradictory moral impulses and currents.


Thanks to one of those contradictory moral impulses, the American Revolutionaries shot back using real bullets when Redcoat extremists came to assert the absolute power of the Crown, not unlike the Korean Americans who took to the rooftops in Los Angeles in 1992 to defend their property against rioters. Americans at their best recognize that sometimes absolutism must be met with force, and don't lie about it or apologize for it.

Don't miss the rest of "Human Nature and Capitalism" here.

Sunday, December 12, 2010

4 of 6 Current Tax Rates Already Do Not Apply to 80% of the Country

Per the US Census, all US households divide into five groups of equal size along these income lines for 2009:

1) $0 to $20,453

2) $20,454 to $38,550

3) $38,551 to $61, 801

4) $61,802 to $100,000

5) over $100,000 (the top 5% make in excess of $180,000).

Current tax brackets are concentrated on the fifth group, the over $100,000 set, so that the top four of the six brackets affect the top 20% of earners in the population the most:

10% for adjusted gross incomes $0 to $16,750

15% on AGIs to $68,000

25% on AGIs to $137,300

28% on AGIs to $209,250

33% on AGIs to $373,650

35% on AGIs above $373,650.

The result is that 60% of the country is responsible for very little tax revenue, and the expansion of various credits like the Child Tax Credit and the Earned Income Credit have meant that an increasingly large percentage of the population is paying no tax at all.

For the 2008 tax year the Tax Foundation reported here that 36% of filers paid no tax at all:

Nonpaying status used to be a sure sign of poverty or near-poverty, but Congress and the President have changed the tax laws to pull much of the middle class into the growing pool of nonpayers. The income level at which a typical family of four will owe no income taxes has risen rapidly, now topping $51,000. 
As a result, recently released IRS data for the 2008 tax year show that a record 51.6 million filers had no income tax obligation. That means more than 36 percent of all Americans who filed a tax return for 2008 were nonpayers, raising serious doubts about the ability of the income tax system to continue funding the federal government's ballooning expenditures. 


The situation worsened dramatically in 2009, to 47%, according to the Tax Policy Center in this AP story


About 47 percent will pay no federal income taxes at all for 2009. Either their incomes were too low, or they qualified for enough credits, deductions and exemptions to eliminate their liability. That's according to projections by the Tax Policy Center, a Washington research organization. ...The bottom 40 percent, on average, make a profit from the federal income tax, meaning they get more money in tax credits than they would otherwise owe in taxes. For those people, the government sends them a payment.
"We have 50 percent of people who are getting something for nothing," said Curtis Dubay, senior tax policy analyst at the Heritage Foundation. ...The number of households that don't pay federal income taxes increased substantially in 2008, when the poor economy reduced incomes and Congress cut taxes in an attempt to help recovery. 
In 2007, about 38 percent of households paid no federal income tax, a figure that jumped to 49 percent in 2008, according to estimates by the Tax Policy Center. 


In other words, the tax code under George Bush and the Republicans in 2001 and 2003 became an instrument of liberal social policy, providing massive social spending on America's middle and lower classes. Combined with George Bush's massive hand out to the elderly in the form of drugs for seniors you now understand why liberals hate George Bush so much: because he out-liberaled the liberals. 
And don't expect to hear about it from Rush Limbaugh. He thinks there isn't anyone in the country who is undertaxed. 
If there were really any conservatives left in the country, they'd be calling for a complete end to these subsidies because they represent government spending which we cannot afford, and for a broader tax base which embodied every American's patriotic duty to contribute to the general welfare. 
A real conservative would equate exempting low incomes from taxation with the practice of exempting high incomes from taxation. The "refund" checks which "the poor" receive from the government when they file their taxes are no different from the exemption the rich receive when payroll taxes are not collected on income above $106,500. The former are justified as offsets of the payroll taxes the poor pay, the latter as exemptions from contributions the rich would never live to recoup. Everyone in a narrower and narrower middle pays and pays those taxes, year in and year out, to benefit the poor and the elderly. It is unsustainable.






Obama's Senate Tax Plan Will Outspend the 2009 Stimulus: $858 Billion in New Spending

A veritable Christmas tree for programs which would die in the free market without federal help, like ethanol, commuter trains, and wind and solar energy.

Conservative Republicans should help the Socialists like Senator Sanders filibuster it.

The story is here.

Saturday, December 11, 2010

Words Mean Whatever I Say They Mean, Says Alaska Judge

An Alaska judge has ruled against Tea Party candidate Miller for the US Senate because the judge doesn't understand the plain meaning of the English language, according to this story in The Anchorage Daily News. The law says a write-in candidate's name must be written in on a ballot as it appears on the candidate's declaration of candidacy, which any educated person would understand to mean that write in votes for Lisa Murkowski should match Murkowski's name on her declaration of candidacy. Instead, the judge ruled it only had to appear to match it, which isn't what the law says:

Miller argued state law doesn't allow misspelling or state judgments of what the voter intended when writing in a candidate's name. The law says write-in votes should be counted if the name "as it appears on the write-in declaration of candidacy, of the candidate or the last name of the candidate, is written in the space provided."

The judge focused on the fact that the word "appears" is a part of a definition.

"The definition of 'appears' in this context does not require perfection or precision, but rather a close, apparent approximation known to the viewer upon first look ... if exact spellings were intended by the legislature, even with respect to the most difficult names, the legislature could have and would have said so," Carey wrote in his ruling.


The judge has imported meaning and intent where it did not exist. A graduate, clearly, of the deconstructionist school of law. He should be impeached.

When the clear meaning of the English language can be manipulated at will in a society, there can no longer be a society, only chaos. Stop no longer means stop. Just ask Senator John Kerry, who is famous for ignoring such signs at intersections, and yacht taxes in his home state.

Bill Clinton in an Alexander Haig Moment at The White House

Reagan was wounded, literally, when Al Haig tried to assure the country that someone was in control at The White House (video here).








Obama is wounded politically (keeping the wife waiting he says), so Bill takes over at The White House! Watch that video here.

Friday, December 10, 2010

The Religious Origins of the Income Tax's "Standard Deduction"

The standard deduction was designed to make it easier for people to claim their charitable contributions, without itemizing them. Note how the standard deduction early on was fixed at 10% of annual income, the common tithe prescribed in the Bible, not to exceed $500 (the median income in 1944 was less than $2,400):

Almost from its inception in 1913, the federal income tax has allowed taxpayers to subtract from their taxable income amounts spent for particular uses. For example, beginning in 1917, taxpayers could deduct donations made to charitable causes. To claim the deduction, taxpayers had to itemize their allowable expenditures. That itemization imposed a burden on taxpayers, but relatively few people were affected because only about 5 percent of households had to file tax returns.

World War II dramatically increased the reach of the income tax: by 1944, nearly three-fourths of households had to pay the tax. With that expansion came concern about the complexity of tax filing. To simplify tax returns, in 1944 the Congress created the standard deduction, then equal to 10 percent of a taxpayer's annual income, up to a maximum of $500. Taxpayers could select the standard deduction as an alternative to itemizing their expenditures on specific activities, reducing their taxes as if they had made that level of deductible expenditures but without having to comply with recordkeeping and reporting requirements. By taking the standard deduction, people are generally claiming deductions that are greater than their actual expenditures would have been if they had itemized.


Obviously the government made a concession to the entire population, Christian or not, and allowed everyone to deduct their "tithe," whether they made it or not.

Now if we could just get government to take no more, and no less, than 10% from everyone, on everything. The government would have plenty of money, and so would we.

Let me channel my inner Santelli: "President Obama, are you listening?"

So let it be written. So let it be done.

More here.

Cancun 100 Year Record Low of 54 Degrees, For Global Warming Summit!

The story is here.

Sure, They Screen The Luggage BEFORE It Gets On The Plane

I've been told that whopper since TWA Flight 800 went down in 1996 off Long Island.

If they did, then why screen at customs ON ARRIVAL?

A guy from Ghana passes through customs at Dulles, has his suitcase opened, and they find the following:

The suitcase contained two elephant tails, bloody sheets, five chicken feathers, chicken blood, a dried hedgehog, two dried chameleons, grass, seed pods, tree bark chips and a jug filled with soil, herbs and blood, authorities said.

The story is here.

Have a nice flight.

Just Six More Reasons Why I'll Never Buy Another GM

From Gary Jason at The American Thinker, here:

The Obama administration rigged the [GM] bankruptcy to favor the union, rigged the IPO to favor the union, and has purchased much of the inventory unsalable in the free market, again to benefit the union (and the environmentalists). But of course, the unions (and the environmentalists) pumped many millions of dollars into Obama's campaign. They also pumped many millions into trying to keep Democratic candidates in office in the last election.

This is corrupt, crony car capitalism, all paid for by coerced taxation, from an administration that promised a new era of transparency and honesty in government.  But at the end of the day, the cabal at the top behaves just like the dirty Chicago machine that spawned it.

Why Rush Limbaugh Can't Tell The Truth About Income Taxes

Rush claims no one in America is undertaxed.



He doesn't want to mention, of course, that nearly half of America doesn't pay income taxes.

And why don't they pay taxes? Because that's been the goal of Republican tax policy since the 90s:

"The dramatic increase in the number of people who owed no income taxes since the mid-90s was driven almost entirely by the creation and expansion of the per-child tax credit, a policy driven by the Right."

-- Keith Hennessey, April 15, 2010, here

The Democrats hate Republicans as much as they do because Newt Gingrich and George Bush out-liberaled the liberals. How dare they!

Thursday, December 9, 2010

DADT Repeal Fails in Senate By Three Votes

Not quite a stake through the heart, though. But we can always hope.

Story here.

Democrats Think Obama Caved In To Republicans, Can't Trust Him

Democrats were already being critical of the regime back in July as we mentioned here because it seemed to some of them that the White House was already conceding that Democrats would lose control of the US House.

Now that the president User in Chief has flip-flopped one time too many, acquiescing on the 28%, 33% and 35% tax brackets for earners making $200,000 a year or more, passed under the Bush administration in 2001 and 2003, Democrats appear to be in revolt.

Disrespectful language is being used, according to this story.

Imagine that.

American Workers are Slaves, In Thrall to the Corporations

Joan Vennochi for The Boston Globe focuses an unflattering spotlight here on State Street Corp. whose profits are soaring as it fires personnel. The example is representative of the wider reality:

[W]hile wage and salary payments to workers declined by $121 billion or about 2 percent since the last quarter of 2008, pre-tax corporate profits rose sharply — up by $572 billion or 57 percent over the same time period.

Land of the free, home of the brave? We've got corporations right where they want us.


Wednesday, December 8, 2010

Final Uncalled House Race Update: NY-1 Remains a Democrat Hold

The Republican challenger has conceded to the Democrat incumbent. The story is here.

The net gain for Republicans in the US House in 2010 remains at 63, putting the Republicans in the majority with 242 seats to the Democrats 193.

No one foresaw such an eventuality two years ago when the Democrats decisively swept Republicans aside on Obama's coattails and acquired an overwhelming majority numbering 256 seats. That tide wasn't completely reversed in this election, but for a party deemed dead for all intents and purposes the comeback is a remarkable thumping, thanks in part to the activism of the Tea Party movement, which was created spontaneously out of thin air in February and March of 2009 in response to Democrat stimulus spending and mortgage modification programs.

The battle to stop and reverse Obama's programs designed to transform American culture and institutions has now been joined.

Beware Obamao's red guards.


Bob Sellers Joins The New American Nightmare

This is the American workplace, 2010. No loyalty, and a cavalier consideration for the life changing consequences of treating people and their livelihoods as mere pieces on a chess board.


Maybe if it were still a Christian nation people wouldn't treat each other this way as often.

Full story here.

On the Fourth Gospel

"The Fourth Gospel portrays a Jesus who is, simply, unparalleled."

-- Imam John

Tuesday, December 7, 2010

If You Want Fewer Poor People in America, Tax Them Already!

Here's Rush Limbaugh, with his whole brain tied behind his back, today:

"Nobody in this society is undertaxed, so why applaud an extension of tax rates? Where are the cuts?" -Rush

When nearly half the population pays no income taxes at all, you cannot say no one is undertaxed. All of them are undertaxed, by definition.

The poor have a responsibility to contribute to the general welfare no less than the rich do, so for them to pay no taxes means they are not doing their fair share, and are in no way equal to everyone who does pay taxes. They are AINOs, Americans in Name Only, who pay no taxes. Just ask Joe "It's Time to be Patriotic, Time to be Part of the Deal" Biden.

If there were any conservatives left in this country, they would be calling for taxes on the poor, to reduce their surplus population.

Wake up Rush, before conservatives start calling you a big fat idiot.

The Tax Elephant in the Room: The Poor Don't Pay Their Fair Share

Once again, the Republicans are about to blow it.

What's needed for the country right now, attempting to leave politics out of the discussion for a moment, is a tax system which is reasonably fair and predictable for the long haul. But what we've got, thanks to George W. Bush, is an unfair system which is deliberately gamed at the extremes, at the expense of the middle. And extending it for another two years just kicks that can of crap down the road.

Under it, nearly half of Americans, those at the low end, pay no federal income tax whatsoever, and millions of them actually get subsidies through the tax code in the form of a big fat "refund" check when they paid no taxes in the first place. These were expanded under Bush, and are defended as offsets of payroll taxes. Do the poor really need yet another offset, in the form of a temporary reduction in the payroll tax rate, especially considering that Social Security is an unfunded liability which is going broke fast?

Compared to the rates they replaced under Clinton, Bush's rates on everyone but the rich are projected to cost the treasury something like $3 trillion going forward, while only an additional $700 billion in tax loss expenditures are predicted to be forfeited from the well to do. Yet the Democrats characterize this as tax cuts for the rich. In point of fact, it's been massive tax cuts for everyone else, especially for the poorest, in the form of subsidies like the Earned Income Credit, the Child Tax Credit, and the creation of the lowest 10% bracket.

Those at the high end, people making in excess of about $106,000, get a huge payroll tax break of their own. They pay zero in payroll taxes above that ceiling at the same time that they pay the vast majority of federal income taxes with a top rate around 35%.

People who've lived a little remember when the poorest among us had one income tax rate, 15%, and the richest another, 28%. What makes those rates in principle unfair now?

Under them today's poorer Americans might actually pay some taxes for a change. And don't they have a responsibility to do so? Didn't Joe Biden tell us paying taxes was the patriotic thing to do? Back in the day the Senator's son got the deferment while the white trash got his ass shot off in Vietnam. Now the "deferment" goes to both the poor and the rich.

Wealthier Americans would see a decline in the rate of the federal tax they paid, that is true. But a broad-based single higher rate on income could be paired with an increase on the payroll tax cap. Why should people who make millions pay no Social Security tax on that income? Social Security is a regressive tax because it taxes the poor end the most and not the rich end. By distributing its pain on everyone equally maybe we would actually have an incentive going forward to put that boondoggle on a more solid footing once and for all, along with the rest of government.

To which end, Republicans should not compromise with the devil. If he won't bow and extend the Bush tax rates, and only the rates, permanently, then Republicans should let them expire. At least the rich will pay a little more, and the rest of us a lot more, and especially the poor. And Obama will get the blame.

On Insanity

"You know you are insane if you've listened to Glenn Beck for fifteen minutes and you're not embarrassed yet."

-- Imam John

Monday, December 6, 2010

Caroline Baum Says "There Isn't Anything Government Can Do" For Housing

It's right here:

Owners’ equity in household real estate, or the value of assets minus liabilities, fell from a peak of $13.1 trillion in 2005 to a low of $5.9 trillion in the first quarter of 2009, according to the Fed’s Flow of Funds report. That’s a whopping 55 percent decline in four years. By the second quarter of 2010, owners’ equity had climbed back to $7 trillion.

Even with the 87 percent rebound in the Wilshire 5000 Total Market Index from the March 2009 lows, household net worth is still below its 2007 peak.

Housing, which along with manufacturing has traditionally led the economy out of recession, won’t be pulling its weight this time -- even with historically low mortgage rates. And there isn’t anything the government can do except let prices fall so the market can clear, something it’s been unwilling to do.

Aside from the fact that the rebound in equities would directly benefit fewer than half of US households, what's this about government impotence? Government can do plenty.

If the fascists over at the Federal Reserve can loan a bunch of fascist bankers and fascist industries $9 trillion from 2008 to 2010 at nearly zero percent interest, surely it can come up with $6.1 trillion for homeowners to close the gap in lost equity in household real estate.

Oh, but I forget! Most homeowners aren't fascists like the oligarchy!

My bad.

Love the makeover, though, Caroline. You look mahvelous.

Sunday, December 5, 2010

George Will Notices That Sarah Palin Will Never Be A Ronald Reagan

What took you so long, George? This was all pretty clear already in January, here and here.

“After the 2008 campaign she had two things she had to do: she had to go home to Alaska and study, and she had to govern Alaska well,” Will told “This Week” anchor Christiane Amanpour. “Instead she quit halfway through her first term and shows up in the audience of ‘Dancing with the Stars’ and other distinctly non-presidential venues.”

More at this link.


Global Warming? Better Luck Next Year. Britain 2010 The Coolest Since 1996.

As reported here by The UK Daily Mail:

[A] remarkable climbdown that has huge implications . . . for debate over climate change as a whole[:] for the past 15 years, global warming has stopped.

$9 Trillion in Fed Bailouts Saved the Elites, But $50 Billion for Unemployed Will Bankrupt Us?

Here's an excerpt from "The Con of the Century," by someone worth reading who gets it:

[U]nemployment insurance will cost roughly $4 billion per month and most of this money will go back into the economy. Congress is stalling on this yet the media is completely silent on the $9 trillion in Federal Reserve loans? This should be the headline story over and over until people realize how big the bailout was (and how this false dichotomy is being used as propaganda in the media as if $4 billion a month is going to bankrupt the system). The banking elites just want to shift the blame to “poor” people while ignoring the elephant in the room which are the trillions of dollars in Fed loans.

Friday, December 3, 2010

Man Gets 13 Years Instead of Castration

Is there no justice in this world? Polanski didn't even get jail.

The story is here.

Another Reason Not to Use Your Credit Card: The Feds Track You Without a Warrant

As reported here at wired.com:

Federal law enforcement agencies have been tracking Americans in real-time using credit cards, loyalty cards and travel reservations without getting a court order, a new document released under a government sunshine request shows.

Look for rfid chips in the currency next.

Tyrannies Desire to Know Everything You Say and Do: Feds Violate FISA

From The Washington Post:

The federal government has repeatedly violated legal limits governing the surveillance of US citizens, according to previously secret internal documents obtained through a court battle by the American Civil Liberties Union.

What the ACLU got was heavily redacted. Read about it here.

Assume no communication whatsoever is exempt from eavesdropping. I know I don't.

So to all my regular readers over at 216.81.81.84 in the Department of Homeland Security in Woodbridge, VA, hello! And a big shout out to you over at Customs and Border Protection at 63.167.255.154! Also to the DHS in Springfield, VA, at 216.81.81.83, greetings! And you over at United States Army Information Systems Command Headquarters at 141.116.212.32 in Alexandria, VA, thanks for visiting!

I would be remiss if I left out the FBI. Hello over there in Clarksburg, WV! Nice of you at the Criminal Justice Information Systems office at 153.31.113.26 to stop by! And also those of you in Bridgeport, WV, at 153.31.113.21. I appreciate your interest, ever so much!

What will you all do, when the power goes out?

Thursday, December 2, 2010

Is Ron Paul the Republicans' Dennis Kucinich?

He was one of just three Republicans in the US House to vote with the Democrats today to send a bill to the Senate which extends the Bush tax cuts only to those making less than $250,000/$200,000.

Can't wait to hear from Dennis Ron the chapter and verse from the US Constitution which allowed him to vote Yea on a tax increase for only "wealthy" Americans.

TheHill.com reports here the independent Democrats who voted against Pelosi's class-warfare tax increase bill on the "rich":

Here are the Democrats who voted against the bill (nine of whom lost their reelection bids):

Rep. Brian Baird (Wash.)
Rep. Dan Boren (Okla.)
Rep. Kathy Dahlkemper (Pa.)
Rep. Artur Davis (Ala.)
Rep. Lloyd Doggett (Texas)
Rep. Stephanie Herseth Sandlin (S.D.) 
Rep. Ron Klein (Fla.)
Rep. Jim Matheson (Utah)
Rep. Mike McIntyre (N.C.)
Rep. Mike McMahon (N.Y.)
Rep. Jerry McNerney (Calif.)
Rep. Walt Minnick (Idaho)
Rep. Gwen Moore (Wis.)
Rep. Jim Moran (Va.) 
Rep. Collin Peterson (Minn.)
Rep. Earl Pomeroy (N.D.) 
Rep. Bobby Scott (Va.)
Rep. Gene Taylor (Miss.)
Rep. Mike Thompson (Calif.)
Rep. Pete Visclosky (Ind.)

Among the brave above who were re-elected to return next year I count Dan Boren, Lloyd Doggett, Jim Matheson, Mike McIntyre, Jerry McNerney, Gwen Moore, Jim Moran, Collin Peterson, Bobby Scott, Mike Thompson, and Pete Visclosky. 

Why couldn't the three Republicans have been more like these eleven Democrats and voted No?

Libertarians are nuts.

Come On, Come On, Come On, Do The Mussolini With Me!

Here's Why Your Government Stalled on the FOIA for Two Years

Because the American taxpayer has bailed out the whole world, that's why. We're now the biggest suckers in history.

And the following information wouldn't have been released either, except for the Dodd-Frank legislation:

Citigroup ($2.2 trillion)

Merrill Lynch ($2.1 trillion)

Morgan Stanley ($2 trillion)

Bear Stearns ($960 billion)

Bank of America ($887 billion)

Goldman Sachs ($615 billion)

JPMorgan Chase ($178 billion)

Wells Fargo ($154 billion)

Swiss bank UBS ($165 billion)

Deutsche Bank ($97 billion)

Royal Bank of Scotland ($92 billion)

Fannie Mae and Freddie Mack ($1.25 trillion)

General Electric ($16 billion)

Harley-Davidson Inc. ($2.3 billion)

Caterpillar Inc. dealers ($733 million)

The story from yahoo.com is totally irresponsible for saying the Fed didn't take part in an appeal to the Supreme Court with a group of commercial banks seeking to prevent the disclosure of the names of institutions receiving emergency loans in 2008. Hell, the Fed appealed all the way up the line until it came time to appeal to the Supreme Court or comply with two (2! II! Zwei!) orders from lower courts to disclose the information. And we still don't have that.

Has anyone painted a clearer picture of the bankruptcy of our largest institutions and industries?

Only a fool would keep his money in a bank now.

Hell, only a fool would keep money.

Stupid Shit I Read at Washington's Blog



Since there's only 300 million of us, I guess when this is prefaced by "polls show that" it means that 1) nearly everybody got asked, and 2) the country is considerably bigger than we realized.

As for 1), no one polled me. And last time I checked, the people voted for Bush rather conclusively in 2004.

As for 2), they must be hiding all that extra population in the extra 7 states of the union candidate Obama claimed to have visited in 2008.

What a wack job. 

Wednesday, December 1, 2010

Federal Reserve Emergency Lending Round Up of Stories at Naked Capitalism

Lots of reaction pouring in on today's data dump, nicely pulled together by nakedcapitalism.com, here.

Chris Whalen Explains How the Taxpayers Bailed Out the Shareholders

They don't teach angry at church. You'll just have to go here

The Federal Reserve is a wholly owned subsidiary of the financial sector, and so are you.


TSA Thinks Sanitary Napkins are Suspicious

Imagine having to submit to a search for that. One woman actually did. Story here.

TSA Detains Woman in Glass Screening Box for an Hour

Over a dispute about x-raying her breast milk. Story here.

Combat Troops Overwhelmingly Oppose Lifting DADT

The people who actually do the killing don't want queers in the front lines, let alone in the rear, so to speak:

[C]ombat troops, who live in intimate surroundings while deployed, overwhelming reported that open gays would undermine military readiness, or preparedness for combat.

Read more on this from The Washington Times here.

Watch the liberalism rampant in the war colleges, the Pentagon, and the Joint Chiefs screw the pooch anyway. Their goal is to wreck the country, not defend it. Liberals don't care how inimical this is to the families who raise their young and volunteer them to fight for this country. Those families will stop doing so when they have to fight for values which they believe are un-American. Which means we'll be left to hire mercenaries and illegals to do our fighting for us.

The liberal death wish is about to ruin its last American institution: the US military.

Much Touted CBS Poll Never Asked About Scanners Exposing Nakedness

So says Jacob Sullum in a story exposing the tendentious claims made by the TSA and the servile media who defend the backscatter scanners and the groping:

The TSA likes to cite a CBS poll conducted a few weeks ago that found 81 percent of Americans support the new scanners. But the pollsters did not mention that the scanners reveal passengers' naked bodies. 

Tuesday, November 30, 2010

Housing Prices Still Need To Fall Much More

And they will.

TPC at Pragmatic Capitalism shows three charts here which demonstrate historically where we've been and where we are with respect to supply, demand and price.

From the peaks, demand for new homes is off nearly 80%, while prices of new homes are off only 25% and represent levels last seen in 2003.

Supply of existing housing is up over 70%, however. The current drop in supply to 10.5 months is seasonal but is still something like 160% higher than it was at the end of 2003. Clearing this inventory remains unemployment's doppelganger.

Monday, November 29, 2010

Spain's Property Bubble Sounds Familiar: 6 Years of Supply

Reported here by Ambrose Evans-Pritchard:

We can argue whether the overhang of unsold properties in Spain will reach 1.5m, or six years’ supply, as claimed by Madrid consultants RR de Acuna, but there is little doubt that the "Cajas" and smaller banks have played a game of “extend and pretend” to disguise the true scale of losses on their property loans.

Tom Petruno on the Zombie Bears

Not once in this more or less even-handed discussion does the massive rot infecting bank balance sheets because of declining housing and commercial real estate prices get mentioned.

You'd never know that half of the nearly 8000 banks in this country have serious problems, nor that the savings of millions of Americans have disappeared because of the bursting of the housing bubble.

But hey, we can live with rot, and maybe even recover, right? Cancer patients do it all the time. Except for the ones that die.

Against the sickening round of prolonged chemotherapy and radiation currently being applied through extend and pretend and stimulative liquidity, the bears instead advocate surgery:

The zombie bears are certain that the worst lies ahead, and that consumers and investors should prepare accordingly — although how exactly to prepare is a matter of debate.

"We need a deleveraging, deflationary depression, and in three to five years we're going to have a much better economy," said Michael Pento, senior economist at Euro Pacific Capital in New York.

"We just have to go through hell in the meantime."

Saturday, November 27, 2010

Real Estate Loan Problems are Significant in Half of All Banks

And the total number of all banks is now fewer than 7800 due to mergers and failures, according to Richard Suttmeier of ValuEngine.com:

The total number of banks with real estate loan pipeline problems is 3938, or 50.7% of all banks in the banking system.

Read more about it, here.

Everything else is happy talk.

Friday, November 26, 2010

TSA Represents Danger to America, Says Roger Cohen

Roger Cohen for The New York Times says a word here on behalf of the Fourth Amendment, and seems to see in Homeland Security and the TSA an incipient threat to our American way of life:

The unfettered growth of the Department of Homeland Security and the TSA represent a greater long-term threat to the prosperity, character and wellbeing of the United States than a few madmen in the valleys of Waziristan or the voids of Yemen.

America is a nation of openness, boldness and risk-taking. Close this nation, cow it, constrict it and you unravel its magic.

There are now about 400 full-body scanners, set to grow to 1,000 next year.


The trouble is, Roger Cohen has commented half-approvingly (here) that the large-scale targeted killings of al-Qaeda in Afghanistan and Pakistan have been "more eloquent than words," killings made possible by the use of predator drones, which, before long, Homeland Security and the TSA might very well use here at home to invade the privacy of the American people as surely as do these scanners.

Consider that the very same predator drone used by the military was already tested out of Fort Drum over northern New York in the summer of 2009 to evaluate its utility to law enforcement, according to this story. Not a year later five such drones are on active duty flying missions over America's southern and northern borders for US Customs and Border Control, as reported here by TheHill.com. The technology for drones has advanced so rapidly that their size is down to 3' in diameter and they are virtually silent, meaning they are becoming increasingly attractive to law enforcement. Three examples of law enforcement use of drones in 2006 and 2007 have been discussed here at The Rutherford Institute. Obama has been described as "in love" with the things.

The airport scanners represent only one element of the new national security state Obama and his surveillance enthusiasts Janet Napolitano and John Pistole want to erect in America. They are equally eager to install thousands of cameras all over the country, and they are funding them. Security check points are going to spring up everywhere if they get their way.

We'll see how eloquent people think all this is when the government comes looking for Roger Cohen and other American citizens with a complete portfolio of your movements and associations in hand, matched to your naked image.

Gold Hoarding IN GERMANY

From the UK Telegraph, here:

"You cannot find a bank safe deposit box in Germany because every single one has already been taken and stuffed with gold and silver. It is like an underground Switzerland within our borders."

-- Professor Wilhelm Hankel, Frankfurt University 

Thursday, November 25, 2010

The New National Security State Under Obama Progresses to Houston

In another installment in Aristotle's meme that tyrannies are abetted by women, we learn that the next city to fall to the transformation of America into the national security state is Houston.

The Houston Chronicle is reporting here that the Department of Homeland Security is helping fund the installation of 300 surveillance cameras there:

Judith Hanson, who was visiting downtown to watch her daughter's performance at the Wortham Center, said the cameras could provide comfort to women who come to the area.

"Just knowing that there is a camera just makes me feel a little bit safer," she said.




Most Newark Backscatter Scanners Idle on National Opt Out Day

The majority of Newark’s full-body scanners were idle throughout much of the day, depriving most passengers of the chance to opt out of the controversial screening procedure even if they had wanted to.

As reported here.

Wednesday, November 24, 2010

1000 Words

Traveler Wears Bikini To Avoid Scanner and Enhanced Pat Down

Her story is here.

Uncalled House Race Update: CA-11 Remains a Democrat Hold

So says Real Clear Politics tonight.

But the hold is not by much, and the Republican challenger, who is down by just under 3000 votes, has yet to concede.

Jerry McNerney, the incumbent Democrat, looks to have benefitted by a third party challenge to the Republican David Harmer's right. A Constitution Party candidate siphoned-off about 5% of the vote from the Republican, over 9000 votes, more than enough to have made all the difference.

With one race not yet called, NY-1, the Republicans have a net gain of 63 in the US House.

Numerous Reports of TSA Chickening Out, Not Using Naked Scanners

TSA is co-opting the date set for the protest.

The backside of Thanksgiving may look very different.

Isn't it comforting to know that PR is more important than "security"?

See here for the story at gizmodo.com.

The Terrorists Have Won Because They've Already Imposed Authoritarianism

Leftist Glenn Greenwald seems happy John "Don't Touch My Junk" Tyner is a reader and gets off a couple of good lines at the government and the media at Salon.com here:

[G]overnment officials run to the nearest media outlet ... and anonymously scream "TERRORISM." No evidence is needed; the anonymity precludes all accountability; fear levels are quickly ratcheted up; and everything the Government wants to do then becomes justifiable in its name. That's the frightened, authoritarian society we've allowed ourselves to become. ... [J]ournalists ... dutifully disseminate whatever fear-mongering claims their anonymous government friends tell them to write . . . .

It's a recurring phenomenon that left and right in America often agree on a few things, because they are not nihilists and actually believe in something, unlike many self-identifying Democrats and Republicans. But I digress.

Greenwald is worth reading.

Scenes from National Opt Out Day: Screw Big Sis

Watch the video here.

Hey Big Sis! We're watching you, too.

Obama To Transform Bush's TSA Into National Security Force

How do you spell Gestapo? KGB? How about TSA?

Remember how Obama said on July 17, 2008 (video here) that he wanted a national security force as powerful, strong and well-funded as the US military? Here are his words:

"We cannot continue to rely on our military in order to achieve the national security objectives that we've set. We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded."

People on the left went ballistic when conservatives and Republicans suggested that those words could be construed as sinister and ominous. Some on the right were upset enough about the tone that they grasped at anything that fit them as Obama's regime unfolded. Some even thought they discovered a "health care army" buried deep in the weeds of the Senate healthcare bill.

But now with Homeland Security's decision to go full steam ahead with scanners in airports after last Christmas' Fruit of Kaboom bomber incident, we're getting a clearer picture of Obama's commitment to the national security state, and that picture centers around a radical expansion of the role and scope of the TSA. How else do we explain these comments from the new head of the TSA, John Pistole, made in July and reported here in USA Today?

Pistole said he wants TSA workers, including 47,000 screeners at 450 airports, to operate as a "national-security, counterterrorism organization, fully integrated into US government efforts."

"I want to take TSA to the next level," Pistole said.

In other words, Obama's vision for a national security force is going to come to fruition through the expansion of the TSA George Bush created after 911.

We now know that that expanded scope will involve putting scanners everywhere. TSA's mandate covers all modes of transportation, not just those over which the federal Department of Transportation has jurisdiction. Train and subway stations and points of maritime embarkation immediately come to mind. But also federal highways, where the feds use scanners to detain and inspect truck traffic. In fact, Homeland Security Secretary Janet Napolitano just recently went on the record saying as much:

“I think the tighter we get on aviation, we have to also be thinking now about going on to mass transit or to trains or maritime. So, what do we need to be doing to strengthen our protections there?”

Think also of stationary federal jurisdictions: all federal buildings. Scanners have already been deployed in a Colorado courthouse according to this report, and expanded use of them has not been ruled out:

"Although we have no current plans for deployment, the US Marshals Service believes in the technology," said Washington-based Michael Prout, assistant director for judicial security for the US marshals. "We will continue to explore the use of body scanners as a security measure for the federal judiciary."

Can you imagine reporting for jury duty but being treated like a common criminal having to submit to a full body naked scan?

Being a surveillance enthusiast whose installation of cameras everywhere on Phoenix highways was rebuffed by its freedom-loving population, Janet Napolitano as head of DHS has made it a priority to fund cameras in New York, which is nearly half way to its goal of 3000 cameras in the city, 90% funded by DHS. She made a high profile visit to Chicago last summer to praise its commitment to camera surveillance.

Will introduction of small, silent 3' spy drones be next?

TSA's mandate currently involves security "in all modes of transportation." Obama appears to be concentrating his efforts on the "all." Expect to see thousands and thousands of new federal hires by the TSA to man the national security state. They will interfere with your every movement, unless you stop this now. Today is a good day to begin.

Opt out!

National Opt Out Day: Uncovering Nakedness is Wickedness

Leviticus 18: 6-19 :

None of you shall approach to any that is near of kin to him, to uncover [their] nakedness: I [am] the LORD.

The nakedness of thy father, or the nakedness of thy mother, shalt thou not uncover: she [is] thy mother; thou shalt not uncover her nakedness.

The nakedness of thy father's wife shalt thou not uncover: it [is] thy father's nakedness.

The nakedness of thy sister, the daughter of thy father, or daughter of thy mother, [whether she be] born at home, or born abroad, [even] their nakedness thou shalt not uncover.

The nakedness of thy son's daughter, or of thy daughter's daughter, [even] their nakedness thou shalt not uncover: for theirs [is] thine own nakedness.

The nakedness of thy father's wife's daughter, begotten of thy father, she [is] thy sister, thou shalt not uncover her nakedness.

Thou shalt not uncover the nakedness of thy father's sister: she [is] thy father's near kinswoman.

Thou shalt not uncover the nakedness of thy mother's sister: for she [is] thy mother's near kinswoman.

Thou shalt not uncover the nakedness of thy father's brother, thou shalt not approach to his wife: she [is] thine aunt.

Thou shalt not uncover the nakedness of thy daughter in law: she [is] thy son's wife; thou shalt not uncover her nakedness.

Thou shalt not uncover the nakedness of thy brother's wife: it [is] thy brother's nakedness.

Thou shalt not uncover the nakedness of a woman and her daughter, neither shalt thou take her son's daughter, or her daughter's daughter, to uncover her nakedness; [for] they [are] her near kinswomen: it [is] wickedness.

Neither shalt thou take a wife to her sister, to vex [her], to uncover her nakedness, beside the other in her life [time].

Also thou shalt not approach unto a woman to uncover her nakedness, as long as she is put apart for her uncleanness.

Tuesday, November 23, 2010

Lefty Jane Hamsher Mocks TSA Stooge Pistole as a "Genius"

In the story here.

But her reasoning is as muddled as Pistole's. 

National Opt Out Day is not about opting out of enhanced pat downs, as Pistole seems to present it. It's about opting out of the scanners and forcing delays through long pat down lines to protest the scanners.

A person refusing a pat down will be escorted out of the airport, says Pistole. If he tries to come back in, it will be considered a security breach and make himself subject to arrest. But the protestors aren't going to refuse the pat downs. They're going to refuse the scans.

And why does Hamsher think this telegraphs to a terrorist posing as a protestor how to shut down the airport? He could, but he'll also get arrested in the process. Hardly worth blowing one's cover for, is it?

The interesting thing is Pistole's focus on the pat downs. That shows how important they are to the TSA. Without the threat of them, the public would not easily comply with the scanners.

It's all about humiliating and subjugating the resident population. They think you are sheep and intend to treat you like sheep, to get you to do what they want.

So, whatever it is they want, opt out of it. It's that simple.

Uncalled House Races Update: CA-20 and NY-25

Real Clear Politics is showing CA-20 to be a Democrat hold tonight. The Hill says incumbent Democrat Jim Costa had picked up 3000 votes in the interim since the election, even though as of November 9 the totals showed Costa had trailed the Republican challenger Vidak by 27 votes. Vidak apparently had not yet conceded.

RCP also shows NY-25 to be a GOP pick up over incumbent Democrat Maffei, an Obama freshman, who conceded to the Republican challenger Buerkle after Buerkle's tally was trimmed only by roughly a hundred votes from the 659 vote lead she had as of November 10.

So the net Republican gain now stands at 63 with two races still not called: NY-1 and CA-11.

Rep. Ron Paul (TX-14) Calls For Airline Boycott

He's tired of getting frisked, over and over again. He's calling on Americans to boycott airline travel until the TSA gets reined in.

The story is here.

Napolitano, Like TSA Head Pistole, Wants Scanners Everywhere

I told you so.

The story is reported here in "Next Step For Body Scanners Could Be Trains, Boats, Metro":

“[Terrorists] are going to continue to probe the system and try to find a way through,” Napolitano said in an interview that aired Monday night on "Charlie Rose." 

“I think the tighter we get on aviation, we have to also be thinking now about going on to mass transit or to trains or maritime. So, what do we need to be doing to strengthen our protections there?”

These people will stop at nothing until your every movement is no longer free.

If you want the country you remember, you must stop Obama and company now before it is too late.

I-90 Will Be Closed Tomorrow Across South Dakota



A 200 ton lump of coal is headed for Mt. Rushmore for some reason.

TSA: Stands For?

Tough shit, America!

Security Theatre with Jeffrey Goldberg

If you haven't read "The Things He Carried" by Jeffrey Goldberg for The Atlantic, November 2008, here, you should. 

He successfully sneaked the following past security and onto aircraft at major airports all across America:
pocketknives, matches from hotels in Muslim countries, dust masks, rope, cigarette lighters, an 8 oz. tube of toothpaste in a front pants pocket, box cutters, a Beerbelly wrapped around his stomach containing two cans of beer, and a variety of terrorist-themed souvenirs.

Oh yeah. He also tore up fake boarding passes in full view in a bathroom and no one reported him. And he used one to get on a plane with a 12 oz. bottle of saline no one verified was saline.

The TSA's Goal is Humiliation, not Security

"[T]he effectiveness of pat-downs does not matter very much, because the obvious goal of the TSA is to make the pat-down embarrassing enough for the average passenger that the vast majority of people will choose high-tech humiliation over the low-tech ball check."

-- Jeffrey Goldberg, The Atlantic, October 29, 2010, here