Oh dear, oh my, the horrors! Those needlessly inflammatory Democrats! Those NRA-endorsed troglodytes! Why, somebody might pick up a gun and shoot a politician or something! How dare they?!
Monday, January 10, 2011
Sec. of State Hillary Clinton Likens Half of America to Tucson Shooter and to Islamic Extremists
Speaking in the United Arab Emirates, as reported here by Reuters:
Did Jared Lee Loughner yell "Allahu Akbar!" before he opened fire?
Sunday, January 9, 2011
Labor Participation Rate For Men The Lowest Since 1948
So says Ambrose Evans-Pritchard, here:
The “labour participation rate” for working-age men over 20 dropped to 73.6pc, the lowest the since the data series began in 1948. My guess is that this figure exceeds the average for the Great Depression (minus the cruellest year of 1932). ...
Multinationals are exploiting “labour arbitrage” by moving plant to low-wage countries, playing off workers in China and the West against each other. The profit share of corporations is at record highs across ... America and Europe.
Men with nothing to do eventually find it, but it is called "trouble."
Gabrielle Giffords' Democrats Promoted Libertarian as True Conservative to Divide Vote on her Right
The following excerpts come from the website of the Libertarian Party candidate, Steve Stoltz, whom the Democrat Party (yes you read that right) promoted in its literature as the true conservative running against the Democrat incumbent Gabrielle Giffords, shot in Tucson on Saturday, to bleed off votes on the right from the Republican challenger Jesse Kelly:
As a Libertarian, I am socially liberal, compassionate and humanitarian, but I am also fiscally conservative and principled.
The United States should have sound money that is backed by gold not the “monopoly money” of a fiat currency that is essentially counterfeited by the printing presses of the Federal Reserve which causes massive inflation.
As a Libertarian I believe that everyone owns their own body and can do ANYTHING they want with it, so long as they do not infringe upon someone else’s life/health, liberty or property (the 4rth amendment of the constitution says that people have a right to be secure in their person).
Government has no authority over the nature of a person’s consensual sexual relationships - even if they desire to engage in promiscuity and immorality.
The government has no right to tell a person what food they can eat, has no right to restrict their access to vitamin and mineral supplements, has no right to prevent a person from taking experimental drugs or getting medical treatments they feel will cure them of disease.
It is ironic that laws limit access to drugs, while the FDA has permitted poisonous/toxic substance like aspartame to be introduced into beverages.
Drugs like marijuana should be legalized, with increasing amounts of regulation and taxation applied to the more addictive drugs.
Society should lift prohibitions, but should regulate drugs the way alcohol currently is.
Lifting some drug prohibition could have a positive impact on national security.
Marriage is a legal contract protecting the rights of two individuals who decide that they want to live together and share property.
The state’s sole role is to enforce the property rights of the union, without placing stipulations on the nature of the union, whether it is between heterosexuals or homosexuals.
The equal protection clause of the 14th amendment says that every US citizen shall enjoy the equal protection of the law.
Since no group should be given special treatment relative to over another, the military’s current policy of “Don’t ask don’t tell” is un-Constitutional, and should simply be reduced to “Don’t ask”.
The military should not expel a member who has already proven they can do the job merely because that person has identified himself/herself as homosexual.
I believe the government must respect the 2nd amendment, and place absolutely no restrictions on gun rights.
Although I am totally opposed to violence, I find it amazing that those who would place restrictions over a private citizen’s access to guns also seem to place blind faith in the integrity of the police, merely because they are agents of government.
Social security ... The system should be restructured so that younger persons invest in a privately held account, the way the government originally sold it.
I do not believe that it is moral for a wealthy person to hoard their wealth without trying to use it to help people.
[I]t doesn’t make sense for the government to document illegal aliens.
I do not believe that illegal aliens who give birth in the United States should instantly be granted citizenship (i.e. “anchor babies”).
I don’t believe illegal aliens should enjoy special access to entitlements relative to US citizens.
[W]hile it might be unfair for the children of illegal aliens who don’t pay property tax to receive a free education in US school systems, they nonetheless fall under the same category as the children of US citizens who receive a free education because their parents rent and don’t pay property tax.
The illegal alien problem is a multi-faceted social problem that can’t be solved merely by erecting a fence.
Female reproductive rights/abortion – I am pro-choice.
The focus of the military should be primarily to defend the nation’s borders against invasion.
Saturday, January 8, 2011
Two Thirds of Decline in Unemployment Due to Falling Participation Rate
So says CalculatedRiskBlog here:
If the participation rate had held steady at 64.5%, then the unemployment rate would have only declined to 9.64%. [Instead, unemployment fell to 9.4 percent.]
So almost 2/3rds of the decline in the unemployment rate was related to the decline in the participation rate. Some of the decline might be from workers going back to school, but some is probably due to people just giving up.
A large portion of the decline in the participation rate was for people in the 16 to 24 age group. ...
Another group that saw a decline in the participation rate was men in the key 25 to 54 age group. I wonder if these people are just giving up? ...
The participation rate has fallen sharply from 66% at the start of the recession to 64.3% in December. That is almost 4 million workers who are no longer in the labor force and not counted as unemployed in U-3, although most are included as "discouraged workers" or "Marginally Attached to Labor Force" in U-6.
A decline in the unemployment rate mostly due to a decline in the participation rate is not good employment news.
Here is Mish's annotated version of the chart from Calculated Risk:
Thursday, January 6, 2011
Incompetent WSVN.com Shows the Wrong Spy Drone in Miami-Dade Police Story
Here's the drone shown in the video by WSVN.com, which their own story says weighs 20 pounds and is called a Honeywell T Hawk:
Link to the story with video here (dc20500 caught the error and posted so in the comment section).
You'd think the numbskulls could at least check Wikipedia (here) and showcase the correct object so people in Florida know what to look for.
And when it's weaponized it will perfectly resemble the probe droid sent to the planet Hoth in Star Wars.
Wednesday, January 5, 2011
A Hypothetical US Bank Run Exercise: How Much Would You Get?
According to The Federal Reserve Bank of New York, here, only about one third of US currency in circulation is thought to be held within the United States:
In April 2008, M1 was approximately $1.4 trillion, more than half of which consisted of currency. While as much as two-thirds of U.S. currency in circulation may be held outside the United States, all currency held by the public is included in the money supply because it can be spent on goods and services in the U.S. economy.
Current observations by The Federal Reserve Bank of St. Louis, here, show that currency in circulation as of the end of December 2010 came to about $983.7 billion.
So let's ask hypothetically, just for the mental exercise, that if we had a bank run in America and we decided we would ration the available cash in equal shares to the adult population of, say, 228 million people, assuming of course each such person had some digits on a bank statement warranting cash claims, how much maximum could each claimant expect to get under such circumstances?
$1,438 each.
2009 Circulating Currency Production Totaled $219,468,800,000
A total of 6.24 billion notes were printed for 2009 circulation, according to the US Bureau of Engraving and Printing here:
$2.6368 billion in ones
$1.92 billion in 384 million fives
$3.456 billion in 345.6 million tens
$14.336 billion in 716.8 million twenties
$18.560 billion in 371.2 million fifties
$178.56 billion in 1.7856 billion hundreds.
2009 Circulating Coin Production Totaled $601,492,000
A total of 3.548 billion coins were minted for 2009 circulation, according to US Mint figures here:
$23.54 million in 2.354 billion pennies
$4.332 million in 86.64 million nickels
$14.6 million in 146 million dimes
$133.48 million in 533.92 million quarters
$1.9 million in 3.8 million halves
$423.64 million in an equal number of dollar coins.
Irish Banks' Deposit Base Declines 15 Percent in Last Year
So says a story here for Fortune, which also asserts that foreign depositors have pulled out 100 billion Euros since 2008.
What BankRun2010 failed to accomplish on the Continent with premeditation might actually have been happening all along in Ireland. There are worries that a cascade of withdrawals might trigger runs in the rest of the PIIGS.
Tuesday, January 4, 2011
Retirement Assets Declined 22 Percent in 2008
Whenever government sees something big, it either wants to tax it or confiscate it.
Here's the data about retirement assets for 2008, according to the Investment Company Institute, totaling just over $14 trillion:
IRA assets = $3.613 trillion
Defined contribution plans (401Ks, 403(b)s, 457s, etc.) = $3.517 trillion
Defined benefit plans (private sector pensions, government pensions, life insurance company annuities, etc.) = $6.9 trillion.
In 2007 such assets totaled nearly $18 trillion.
WAPO's Richard Cohen Still Hates America
In a twisted, weird rant about today's All Volunteer Army vs. his army of the Vietnam War era, Richard Cohen of The Washington Post displays the self-loathing which is still at the heart of liberalism, saying that today's army, mostly white and Southern, is only wonderful to today's general public because most of us are strangers to it, while his army of the bygone days was an army of the people, familiar and contemptible:
Yet one was an army of the people, draftees and such, and the other is an army of volunteers, strangers to most of us. What's happening here? The answer, I fear, is a cliche: Familiarity breeds contempt.
In other words, if you only knew the truth about people you'd say America sucks, too, and you wouldn't idolize the military so.
Don't worry, Richard. Today's army is only going to get more wonderful as all those white Southerners who fight your wars for you bail out with the influx of the queers. Somehow I think you will like this just fine.
Confiscation of Your Retirement Funds is Unthinkable, Right?
Well, not in Europe, where private monies have already been taken by statist spendthrifts in Hungary, Bulgaria and Poland, according to this story in The Christian Science Monitor, originally posted at the Polish arm of The Ludwig von Mises Institute (here).
The same people greedy bastards in this country who brought you Obamacare are just as enthusiastic about taking your IRAs, 401Ks and the like, people like Democrat Senator Tom Harkin of Iowa.
Political realities right now mean that the plan eyeing your savings will sit in some Democrat's desk until times change, just as Obamacare was really a bill long pre-dating him, sitting in Representative Henry Waxman's top drawer for over a decade until the moment was right.
The difference between liberals and Republicans in America is that liberals have a long term strategy to take over and transform the country, while so-called conservatives keep backing up, drawing new lines in the sand in a strategy of retreat, daring liberals to cross them, which they invariably do. The policies of these conservatives are offensive enough to liberals, but it is conservatives' cowardice which really inspires their contempt.
The failure to install gays in the military and Hillarycare in 1994 took 16 years to redress, but liberalism surely did so with its victories in 2010, overturning DADT and passing Obamacare.
Individual liberty, the foundation of which is in traditional values derived from revealed religion, has been under assault in America since the victory of Abraham Lincoln and the united States became the United States. The war between originalism and "a more perfect union" was decided long ago by force. The contemporary Republican Party will be a conservative party when it finally realizes this, but frankly, it doesn't have the nerve.
Sunday, January 2, 2011
A Barbarian, Supposedly America's Finest, is in Charge of the USS Enterprise
What kind of a country produces people like this, and puts them in charge of American power? A country that's finished, that's what. When they're done with the enemy, we'll be next.
The story and video are at this link:
They're all part of a series of short movies produced aboard the Norfolk-based aircraft carrier Enterprise in 2006 and 2007 and broadcast to its nearly 6,000 sailors and Marines. The man who masterminded and starred in them is Capt. Owen Honors - now the commander of the carrier, which is weeks away from deploying.
The videos, obtained by The Virginian-Pilot this week, were shot and edited with government equipment, many of them while the Enterprise was deployed supporting the wars in Iraq and Afghanistan.
At the time, Honors was the carrier's executive officer, or XO, the commanding officer's deputy. He took command of the ship in May.
Homeland Security Will Watch Entire US Cities With GORGON STARE, and Soon
From a very disturbing new report from The Washington Post:
Gorgon Stare is being tested now, and officials hope it will be fielded within two months. Each $17.5 million pod weighs 1,100 pounds and, because of its configuration, will not be mounted with weapons on Reaper aircraft, officials said. They envision it will have civilian applications, including securing borders and aiding in natural disasters. The Department of Homeland Security is exploring the technology's potential, an industry official said.
You are in danger from the United States of Surveillance. Stop it now, or suffer the consequences.
While the British and US Reaper and Predator drones are physically in Afghanistan and Iraq, control is via satellite from Nellis and Creech USAF base outside Las Vegas, Nevada. Ground crews launch drones from the conflict zone, then operation is handed over to controllers at video screens in specially designed trailers in the Nevada desert.
More about that here. If you see one, beware:
Joe Miller Concedes to Leesah Mercowsky on Friday
There's a long re-telling of the saga here.
Alaskans get to keep their nepotistic senatrix, and are saved from the unlikely and imperfect Miller, who hails from Yale and West Point but was supported by the Tea Party.
The election will be remembered for the way a judge roughed up the English language, so that "writing in a name on a ballot as it appears on the candidate's certification of candidacy" became "appearing to write in on a ballot the name of the candidate."
Poor Alaska. It only appears to be a state.
Saturday, January 1, 2011
Friday, December 31, 2010
The Bubbles Caused by High Taxation
Brian Domitrovic for Forbes discusses how capital went on strike in the 1970s because of a clutch of onerous tax increases starting in 1969, and was diverted instead to a bunch of "inert stuff" like gold, oil and land, causing unemployment to rise:
The rich spent the 1970s trying to figure out how to hide their money. ...
The 1970s were the first heyday of “alternative investments.” Gold, oil, land, straddles, these exotica had been the preserve of a small group of specialists before 1969, when high earners got hit with a triple tax increase. The top capital gains rate got upped to an effective 49%, there was an income-tax surcharge, and the millionaire’s minimum tax (the AMT monster of today) began. This is not to mention “bracket creep,” whereby real tax rates go up with every increase in the price level. For the record, inflation was 200% from 1969 to 1982.
In this environment, the rich simply stopped what they were doing and focused all attention on preserving capital and avoiding confiscatory rates. ...
Read the whole thing here.
Thursday, December 30, 2010
It Ain't No 'With Two You Get Eggroll' For The-Office-Milker-in-Chief
A trio of appetizers: Wong's seafood cake, a tomato with li hing mui dressing and Wong's famous "soup and sandwich," a two-color Big Island tomato soup and foie gras grilled cheese sandwich.
Lobster lasagna
Ginger-crusted onaga
The President's favorite entree, soy-braised shortribs.
And his favorite dessert, "The Coconut," coconut ice cream covered with dark chocolate, in a shape that looks exactly like half a coconut, served with a colorful array of tropical fruits.
As reported here.
Wednesday, December 29, 2010
The "Right" To Healthcare is a Threat to Life and Liberty
Ross Kaminsky for The American Spectator here gets close to making a point which needs to be made more often, more forcefully, and more primary, namely, that one man's right to healthcare comes at the expense of another man's right not to provide it if he doesn't wish to:
[I]f health care is a right, that means that an American who for whatever reason does not have access to a doctor must be provided that access, whether that means redistributing taxpayer money to the would-be patient or even the potential of forcing a doctor to provide his services in an area "underserved" by health care professionals. ...
In other words, when one person's right is forcibly taken away for the benefit of someone else, it can no longer be a right any more than taxes extracted for the benefit of the poor may be deemed charity.
A doctor practices medicine by choice, not by compulsion, so we can no more force him to provide care than we can force people to become doctors. But, of course, if the courts decide that government can compel expenditure for health insurance, then it is a short distance to compelling other things, indeed anything, at which point this country is finished, if it isn't already.
Quibbling about how the inherent limitations accruing to conceptions of positive rights shows that they are not rights, such as that Obamacare under Berwick's rules will be provided as a right only
up to a certain age, a certain degree of sickness, or a certain cost,
has utilitarian value but is really beside the point.
A different contract governs the relations between a doctor and his patient, which Obamacare would overthrow, as full of negative pledges as the Bill of Rights is full of negative rights, the most famous of which people remember as "to do no harm."
The real offense of Obamacare is the compulsion at the heart of it, as real as the oppression of any tyranny.
What we need to stop it is a Hippocratic Revolt.
Tuesday, December 28, 2010
Debt by Congress
"After years of historic deficits, this 110th Congress will commit itself to a higher standard: Pay as you go, no new deficit spending. Our new America will provide unlimited opportunity for future generations, not burden them with mountains of debt."
-- Nancy Pelosi, Speaker of the House, 2007, 2008, 2009, 2010
111th Congress, 2009-2010, New debt = $3.22 trillion
110th Congress, 2007-2008, New debt = $1.96 trillion
Total new debt under Pelosi and Dems = $5.18 trillion
An increase of new debt of 134 percent over the historic deficits she was referring to, making hers, well, more historic:
109th Congress, 2005-2006, New debt = $1.05 trillion
108th Congress, 2003-2004, New debt = $1.16 trillion
Total new debt under Republicans = $2.21 trillion
Proving once again that Republicans give less of the same, and Democrats more.
Full story here.
Sunday, December 26, 2010
Saturday, December 25, 2010
TSA Mops The Floor With Claire Hirschkind at Austin-Bergstrom Int'l Airport
"I can't go through because I have the equivalent of a pacemaker in me."
"I turned to the police officer and said, 'I have given no due cause to give up my constitutional rights. You can wand me,'" and they said, 'No, you have to do this.'"
"I told them, 'No, I'm not going to have my breasts felt,' and she said, 'Yes, you are.'"
"[T]he police actually pushed me to the floor, (and) handcuffed me. I was crying by then. They [dragged] me 25 yards across the floor in front of the whole security."
The TSA did release a statement Wednesday that said in part, "Our officers are trained to treat all passengers with dignity and respect. Security is not optional."
Complete story and video here.
Friday, December 24, 2010
Preparing Our Hearts For Christmas, With George Washington and Thomas Paine
From Paine's December 23, 1776 The American Crisis, which Washington had read aloud to his troops as they prepared to attack Trenton on Christmas:
Not all the treasures of the world, so far as I believe, could have induced me to support an offensive war, for I think it murder; but if a thief breaks into my house, burns and destroys my property, and kills or threatens to kill me, or those that are in it, and to "bind me in all cases whatsoever" to his absolute will, am I to suffer it? What signifies it to me, whether he who does it is a king or a common man; my countryman or not my countryman; whether it be done by an individual villain, or an army of them? If we reason to the root of things we shall find no difference; neither can any just cause be assigned why we should punish in the one case and pardon in the other. Let them call me rebel and welcome, I feel no concern from it; but I should suffer the misery of devils, were I to make a whore of my soul by swearing allegiance to one whose character is that of a sottish, stupid, stubborn, worthless, brutish man. I conceive likewise a horrid idea in receiving mercy from a being, who at the last day shall be shrieking to the rocks and mountains to cover him, and fleeing with terror from the orphan, the widow, and the slain of America.
Enjoy it all, here.
Enjoy it all, here.
Minyanville Founder and Dead-Head Asks The Stupid Question of the Year
"What's another word for thesaurus?" (Todd Harrison, here)
You'd think "treasury" would come to the mind of someone whose job it is to talk about money all the time, and preempt the question, but that would presuppose that Syracuse University required its honors graduates to know some Greek.
Thursday, December 23, 2010
Politico.com Fawns Over Senator Murcowskie (RINO-AK)
With photos no less, here.
Hell hath no fury like a woman scorned.
Which is why we should repeal the 19th Amendment.
TSA De-deputizes Pilot For Posting Video of Sacramento Security Theatre
The story, with video, is here.
Apparently the TSA is upset that you find out from this story that ground crews don't go through the invasive screening that you and flight crews have to endure. Ground crew members swipe a card reader and get access to your plane, by-passing metal detectors, naked scanners, and enhanced pat downs.
Do you feel safer?
Well, do ya, punk?
Military Will Follow the Nuremberg Offense on Repeal of DADT
Just following orders, sir:
Major Tim Densham of the 63rd Brigade said the military will do as asked.
“Our role is to do what the president tells us to do. We are just going to follow the rules.”
The moral hollowness of a Nazi.
Here.
Vern Ehlers' Parting Shot at Conservatives
U.S. Rep. Vern Ehlers, R-Grand Rapids, voted for repeal [of DADT].
He predicted people will look back in five or 10 years and wonder what all the fuss was about.
“I just don’t think there is going to be a problem here,” Ehlers said.
Here.
Admiral Says Obama's Motive in START was not National Defense
“If Obama wanted to save some money and improve national defense, he should have gotten out of the nuke negotiations and acted unilaterally. START is simply a political victory for Obama.”
-- Vice Admiral Jerry Miller, USN (Ret.), here
Alaska Supreme Court Rules in Favor of Senator Lisa Murcowskie
But she wanted more:
Murkowski tried to make her lead even bigger by arguing that the state should have counted about 1,500 ballots where voters wrote in her name but didn't fill in the oval next to it.
The Supreme Court considered that along with Miller's lawsuit and ruled the state was right not to count those additional ballots for Murkowski.
The full story is here.
"The Tax Code is 10 Times Longer Than the Bible, Without the Good News"
So says Republican Representative Dave Camp of Michigan, and George Will approves, here, especially with the additional observation that it is not right that the bottom two income quintiles pay no taxes whatsoever, and receive direct cash payments in the form of refundable tax credits.
Real conservatives agree: everyone needs to have skin in the game.
Wednesday, December 22, 2010
Senate Traitors Enshrine Doctrine of Mutually Assured Destruction 71-26
Just when you thought it couldn't get any worse than George Bush's immoral doctrine of pre-emptive war, 16 Republicans helped, HELPED!, the Senate's Democrat majority turn back the clock to the bad old days of mutually assured destruction and ratified THE NEW START, which is just the old madness. 13 actually voted for the thing. 3 didn't bother to show up.
From The Washington Post:
The final vote came after Senate Democrats accepted two amendments designed to placate Republicans who had qualms about the treaty. The amendments, which passed on voice votes with bipartisan support, emphasized the administration's commitment to a limited missile-defense program and to continued funding to modernize the aging US nuclear weapons complex.
The amendments were to the resolution of ratification accompanying the treaty, a nonbinding statement that codifies the Senate's understanding of the pact but does not directly affect its language. Republican efforts to alter the treaty language were defeated, with supporters of the pact arguing that such changes would have forced new negotiations with Moscow and effectively killed the treaty.
Thirteen Republicans joined all of the Senate's Democrats in voting for ratification, helping to exceed the 67 votes required. Three senators - all Republicans - were not present.
The amendments are meaningless, pure mental gestures by the effete for the effete.
Charitable observers will nevertheless say the US Senate ignored Russian threats to embark upon a new arms race if we didn't ratify, when the truth is this country under Barack Obama doesn't have the stomach to defend itself and couldn't declare its independence from the inside of a paper bag. It doesn't even know what it stands for, and couldn't articulate it if it did.
The moral center of America has melted, as the passage of repeal of DADT makes plain.
What are we fighting for? The right of Afghan men to parade their adolescent lovers as they do, to the disgust of every frontline soldier in arms?
Are we really in such a state of decline that we fear the Russians' ability to outspend us? The answer in truth is No. But what we do have is a population fed up with the protracted wars of nation building in Iraq and Afghanistan and consequently now incapable of understanding the pressing need to rise above this squandering of resources and build up America's deteriorating strategic defenses. Barack Obama is a man made for just such a time as this.
The Russians will use the opportunity to build anyway, and cheat and lie about it as they always have done, which suits the Bolshevik in Chief Barack Obama just fine, a traitor to everything this country has stood for, who will get us all killed if something isn't done soon to stop him.
Clearly the Republicans are not the party to do it. The Stupid Party has struck again, snatching another defeat from the jaws of a victory won just weeks ago, and the Democrats are laughing all the way to New Year's Eve with feathers of healthcare, another year of stimulus spending, repeal of DADT, and this treaty in their caps. The corks will be a-poppin' on Nancy Pelosi's last flight as Speaker.
Here are the names of the disreputable lot of Republican cowards:
Alexander-TN
Bennet-UT
Brown-MA
Cochran-MS
Collins-ME
Corker-TN
Gregg-NH
Isakson-GA
Johanns-NE
Lugar-IN
Murkowskie-AK (heh, heh, heh)
Snowe-ME
SPECTRE-D, PA (heh, heh, heh)
Voinovich-OH
The Republicans not bothering to vote on something so momentous:
Bond-MO
Brownback-KS
Bunning-KY.
Useless men and women, all.
A pox on them, and on their states.
Effete Senate Republicans Rest on A Letter and A Resolution on START
The news that a resolution of understanding will be attached to the START treaty along with a letter from President Obama to address the misgivings of Republicans reminds one of the Executive Order on abortion the president provided when healthcare reform passed in March.
The language of the treaty will be the law, not the resolution nor the letter from the president, as surely as abortions will be paid for under Obamacare despite the Executive Order.
Fill your boots, men, and stop acting like the sissies everybody thinks you are.
Story here.
Obama's FCC Internet Commissars Impose Doctrinaire Anti-Capitalism
In other words, Marxism masquerading as "net neutrality," as John Fund for The Wall Street Journal makes plain here:
Over 300 House and Senate members have signed a letter opposing FCC Internet regulation, and there will undoubtedly be even less support in the next Congress.
Yet President Obama, long an ardent backer of net neutrality, is ignoring both Congress and adverse court rulings, especially by a federal appeals court in April that the agency doesn't have the power to enforce net neutrality. He is seeking to impose his will on the Internet through the executive branch. FCC Chairman Julius Genachowski, a former law school friend of Mr. Obama, has worked closely with the White House on the issue. Official visitor logs show he's had at least 11 personal meetings with the president.
The net neutrality vision for government regulation of the Internet began with the work of Robert McChesney, a University of Illinois communications professor who founded the liberal lobby Free Press in 2002. Mr. McChesney's agenda? "At the moment, the battle over network neutrality is not to completely eliminate the telephone and cable companies," he told the website SocialistProject in 2009. "But the ultimate goal is to get rid of the media capitalists in the phone and cable companies and to divest them from control."
A year earlier, Mr. McChesney wrote in the Marxist journal Monthly Review that "any serious effort to reform the media system would have to necessarily be part of a revolutionary program to overthrow the capitalist system itself." Mr. McChesney told me in an interview that some of his comments have been "taken out of context." He acknowledged that he is a socialist and said he was "hesitant to say I'm not a Marxist."
"You'd think that this thing was some Bolshevik plot." -- Barack Obama, January 29, 2010
Labels:
anti-capitalism,
Barack Obama,
CPUSA,
FCC,
freedom of speech,
John Fund,
Julius Genachowski,
Marx,
WSJ
Tuesday, December 21, 2010
Leading Commie Advocates Cooperation with Democrat Party
"It is certainly the case that in the US the real stuff of politics and governance occurs through the two mass political parties. Here is where the action is and it is here, mainly through the vehicle of the Democratic Party, that the peoples' movement fights for its interests. Serious politics cannot stand apart from these struggles...
For the foreseeable future Democratic Party circles will be an area of engagement for those wanting to make a difference.
That said, even with the growth of newly independent forces operating within the Democratic Party, it’s hard to see how the role of a communist party could be realized within these confines. ...
One does not have a crystal ball and even an unlikely outcome such as capturing the Democratic Party cannot be completely ruled out.
What is certain is that the CPUSA must be part of this broad struggle in which two trends – the old Democratic Party machine and the all peoples coalition – continue to coexist in cooperation and antagonism."
3rd US Circuit Court of Appeals Defends Fourth Amendment on Cellular Info
A federal appeals court on Wednesday rejected the Obama administration’s contention that the government is never required to get a court warrant to obtain cell-site information that mobile-phone carriers retain on their customers.
For more on the ruling against the Obama administration, which wants to spy on you without a warrant, just like the Bush administration did, go here.
6th US Circuit Court of Appeals Defends Fourth Amendment on Email
“The government may not compel a commercial ISP to turn over the contents of a subscriber’s e-mails without first obtaining a warrant based on probable cause”, the appeals court ruled. The decision — one stop short of the Supreme Court — covers Kentucky, Michigan, Ohio and Tennessee.
So, how about all that email the NSA has already illegally read?
Read more on the story at Wired.com here.
Monday, December 20, 2010
Blame, or Credit, GLD for the Rise of Gold
With which Peter Cohan seems to agree:
The key hasn't been any inherent increase in gold's value to society. Instead, gold rose because a South African mine owner -- with help from consulting firm Bain & Co. -- invented a way to sell it to the masses without the hassle of physically delivering the shiny metal, explains a Bloomberg BusinessWeek article published Sunday. The question now is: How will the masses react when the parabolic price rise facilitated by this marketing coup ends up collapsing?
Me too. It's an easy place for fear to tread.
The rest is here.
We Have Created a Police State Monster in the Name of Homeland Security
A vast network of "fusion centers" in every state in America now routinely develops data bases containing centralized data files about Americans, their communications and their movements, who do such innocent things as gather for a ferry ride and take pictures but which some snitch reported as "suspicious."
From today's disturbing 8-page Washington Post story:
The vast majority of fusion centers across the country have transformed themselves into analytical hubs for all crimes and are using federal grants, handed out in the name of homeland security, to combat everyday offenses.
This is happening because, after 9/11, local law enforcement groups did what every agency and private company did in Top Secret America: They followed the money.
Read the whole thing, here.
Sunday, December 19, 2010
The 20th Amendment isn't Working
David Fahrenthold here for The Washington Post provides a nice summary of the history of the 20th amendment, ratified in 1933, which was supposed to stop lame duck sessions, but hasn't, because of air travel.
It seems the founders weren't the only ones without a crystal ball.
Saturday, December 18, 2010
Bank Failure Friday: 6 Tonight, 157 Year to Date
This is an updated post which corrects information previously posted in error:
#152 was The Bank of Miami N.A., Coral Gables, FL, costing the FDIC $64 million. Stated assets were short by 44%.
#152 was The Bank of Miami N.A., Coral Gables, FL, costing the FDIC $64 million. Stated assets were short by 44%.
#153 was Chestatee State Bank, Dawsonville, GA, costing the FDIC $75.3 million. Stated assets were short by 48%.
#154 was Appalachian Community Bank FSB, McCaysville, GA, costing the FDIC $26 million. Stated assets were short by 35%.
#155 WAS UNITED AMERICAS BANK N.A., ATLANTA, GA, COSTING THE FDIC $75.8 MILLION, NOT $195.8 MILLION AS PREVIOUSLY POSTED. STATED ASSETS WERE SHORT BY 105%. STATED ASSETS WERE $242.3 MILLION WHEN TRUE ASSETS WERE MORE LIKE $118 MILLION. SEE WHAT HAPPENS TO YOU WHEN YOU TRY TO GET A LOAN AND THEY FIND OUT YOU EXAGGERATED YOUR ASSETS ON PAPER BY 105% AND SIGN YOUR NAME TO IT. NORMALLY YOU GO TO JAIL FOR FRAUD AND PERJURY, BUT IF YOU'RE A BANK YOU GET A TAXPAYER BAILOUT.
#156 was First Southern Bank, Batesville, AR, costing the FDIC $22.8 million. Stated assets were short by 44%.
#157 was Community National Bank, Lino Lakes, MN, costing the FDIC $3.7 million. Stated assets were short by 26%.
Next Friday is Christmas Eve, and the Friday after is New Year's Eve, so I'm guessing that's a wrap for 2010: 157 bank failures vs. 140 last year.
But you never know.
Next Friday is Christmas Eve, and the Friday after is New Year's Eve, so I'm guessing that's a wrap for 2010: 157 bank failures vs. 140 last year.
But you never know.
Friday, December 17, 2010
Rush's Brain Goes on Vacation Early
Today he's said the SPENDING in the $857 billion bill extending the Bush TAX rates for two years was minimal, and that the majority of it, $700 some billion, had to do only with the tax rates.
Pure rubbish.
A lazy, over-generalized point showing yet again lack of show prep, and an effort to co-opt the outrage and the influence of the Tea Party, which Rush is trying to steer toward establishment politics to prevent it from exploding into a genuine third party movement.
The tax rates, extended for two years, will cost just over $207 billion, not $700+ billion. The rest is all tax credits, fixing the Alternative Minimum Tax yet once again, and a host of other goodies handed out via the tax code in order to mask what's really going on: the rich and the poor getting special favors through the tax code at the expense of the chumps in the middle who must pay and pay and pay.
Wake up Rush, you dunderhead.
Here's a table breaking it all down.
TSA Screeners Routinely Miss Guns and Bombs
According to this ABC news story, last fall a guy forgets he's got a loaded pistol in a carry-on but gets through security anyway in Houston and doesn't realize it until he's in his destination hotel room after the three hour flight.
And then there's this. The story says it was an international flight. Didn't he go through customs at the other end?
Do you think if we had profiled the Iranian-American, Farid Seif, we'd have found the weapon?
Whatever people may think TSA is doing at airports, it isn't security. It's security theatre.
Democrats Become The Party of No, Sort of
By a margin of 3 to 1, more Democrats in the US House voted last night against extending the Bush-era tax rates than Republicans who voted No:
Like the Senate, the vote on passage in the House was bipartisan. While 139 House Democrats voted for it, 112 opposed it; 138 Republicans voted yes and 36 voted no.
Full story here.
Thursday, December 16, 2010
Pretty Boy Hannity Gets a Lesson in the Constitution
From the American Thinker, here:
Dear Sean:
Concerning the 17th amendment, the argument for its repeal absolutely centers around states' rights. If Senators are elected by elected reps and senators, they are more likely to defend their state against federal encroachments (upholding the 10th amendment), than they are if elected by the general population. Any federal program - ObamaCare, the financial reform bill, etc., - which increases burdens on state budgets would not sit well with Senators answerable to congressional bodies in their state.
Greg Halvorson
Tax 'Em All: Let God Sort 'Em Out
People who claim, like Rush Limbaugh, that no one is undertaxed in this country don't know what they are talking about. Both the rich and the poor are undertaxed. Here is why.
For tax year 2008, IRS figures show that the top half of the country, over 69 million tax returns, contributed in excess of 97 percent of the tax revenue, $1.004 trillion. The bottom half, over 69 million returns, contributed less than 3 percent of the revenue, $27.9 billion, a staggeringly small sum by comparison.
The effective tax rate on the top half was 13.66 percent, on the bottom half just 2.6 percent.
It seems self-evident that the poorer half of the country escaped a lot of taxation, but how?
For one thing, George Bush's creation of the 10% tax bracket in 2001 reduced federal tax revenues from payers in the 10 percent bracket by $42 billion per year. For another, the Earned Income Tax Credit diverts away even more money, now approaching $50 billion per year. These credits wipe out any federal income taxes qualifying filers may owe, and actually reimburse many of them for the payroll taxes they pay, so that many actually have a negative tax rate. This is using the tax code to provide what amount to direct welfare payments, stimulus spending, whatever you want to call it. But it sure isn't "taxes."
But the poorest Americans are not the only beneficiaries.
These credits also percolate far up through the income quintiles. And none penetrate as high as the child tax credit does, relieving the middle classes of taxes to the point that many people in the middle quintile earning between $38,551 and $61,801 also pay little to no federal income tax at all. Created under Newt Gingrich and Bill Clinton and expanded under George Bush, this credit now reduces federal revenues by $143.4 billion per year. People even in the top income quintile, making in excess of $100,000 a year, can qualify for this credit, which also directly reduces their tax bill, and government revenues.
Taken together, the 10% bracket, the EITC and the Child Tax Credit help taxpayers to be sure, but at a cost of nearly $2.4 trillion over ten years to the federal government.
Compare that with the big tax break the top earners in the country enjoy because the payroll tax cap is set at $106,800. Everything they earn after that escapes the 6.2 percent tax. The annual cost of that is now $130 billion, or $1.3 trillion over a decade. The denizens of the top 25 percent of taxpayers, who earn 68 percent of the total adjusted gross income in this country, will doubtless complain that they already contribute 86 percent of the tax revenue.
But the result is that a narrower and narrower band of taxpayers in the fourth quintile (those making between $61,802 and $100,000 per year) and in the top half of the middle quintile (about $52,000 to $61,800), gets squeezed with responsibility for income and payroll taxes without enjoying the relief provided to their poorer fellows who pay very little in taxes, or their richer ones who can afford them.
A ladder needs rungs on it to get from the bottom to the top and back down again, and ours in the upper half are getting worn out.
Wednesday, December 15, 2010
Congress Was Last This Unpopular During Watergate
36 years ago. Story here:
Americans' assessment of Congress has hit a new low, with 13% saying they approve of the way Congress is handling its job. The 83% disapproval rating is also the worst Gallup has measured in more than 30 years of tracking congressional job performance.
Extension of Bush Tax Rates Now Goes to US House
The Senate passed the extension of the Bush tax rates, which will last for two years only and is adorned with billions in new spending which we cannot afford, 81-19. Here are the nineteen no votes, a photograph of left and right in the current Senate:
Democrats:
Jeff Bingaman (D-NM)
Dorgan (D-ND)
Russ Feingold (D-WI)
Kirsten Gillibrand (D-NY)
Kay Hagan (D-NC)
Tom Harkin (D-IA)
Frank Lautenberg (D-NJ)
Pat Leahy (D-VT)
Carl Levin (D-MI)
Jeff Merkley (D-OR)
Mark Udall (D-CO)
Udall (D-NM)
Wyden (D-OR)
Republicans:
Tom Coburn (R-OK)
Jim DeMint (R-SC)
John Ensign (R-NV)
Jeff Sessions (R-AL)
Voinovich (R-OH)
Independents:
Bernie Sanders (I-VT)
Senate Votes For "Almost All" of the Bush Tax Cuts
So says TheHill.com, here:
"The package extends almost all of the Bush tax cuts . . .."
The devil is in the details, and I smell a devil.
Years of Blood, Sweat Equity, and Tears . . . Gone: Home Equity Down $7 Trillion Since 2006
The Nutter feels your pain:
Since early 2006, American families have lost $7 trillion in home equity — more than half of their equity has simply vanished. Many millions, of course, have lost everything they put into their house, and more.
Years of blood, tears and sweat equity gone. Remember, for most families, home equity accounts for most of their wealth. In the past, wealth in the form of home equity has often been the ticket to upward mobility; many a small business or college education has been funded from real estate wealth.
About 11 million families — about 23% of those with mortgages — now owe more on their house than it’s worth. Before the bubble burst, that figure was about 1%.
More from Rex here.
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
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 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.
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.
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Bill Clinton,
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Redcoats,
rioting,
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