The Cost of Food Stamps? $75 Billion. 'Disability' Dwarfs That: $200 Billion Annually.

So says this story from The New York Post:

As of January, the federal government was mailing out disability checks to more than 10.5 million individuals, including 2 million to spouses and children of disabled workers, at a cost of record $200 billion a year, recent research from JPMorgan Chase shows.

The sputtering economy has fueled those ranks. Around 5.3 percent of the population between the ages of 25 and 64 is currently collecting federal disability payments, a jump from 4.5 percent since the economy slid into a recession.

Mental-illness claims, in particular, are surging.

During the recent economic boom, only 33 percent of applicants were claiming mental illness, but that figure has jumped to 43 percent, says Rutledge, citing preliminary results from his latest research.


The annual cost of the food stamp program is detailed here annually going back to 1969.

More On Santorum's Weaselly 'My Wife Wrote It' Excuse: Isn't He Now An Admitted Plagiarist?

From Dan Amira at New York Magazine here:

George Stephanopoulos brought up a controversial passage from Santorum's 2005 book, It Takes a Family, in which Santorum contends, "The radical feminists succeeded in undermining the traditional family and convincing women that professional accomplishments are the key to happiness." Santorum insisted to Stephanopoulos that he isn't saying women shouldn't work, only that there's nothing wrong with being a stay-at-home mom, if that's what they choose. The explanation wasn't new; Santorum has been asked about that quote many times. What was new was that this time, Santorum added that, oh, by the way, "that section of the book was co-written, if you want to be honest about it, by my wife." ...

You also have to wonder why Santorum is only now bringing up his wife's co-authorship of that controversial passage. When the book initially came out, in 2005, Santorum was constantly on TV defending this very same "radical feminists" quote. But, curiously, he never mentioned that his wife helped to write it, according to a search of Nexis transcripts — not in a July 25 interview on Hannity and Colmes, or in a Today show interview that same morning, or a July 27 interview on Hardball, or a July 28 interview on CNN's American Morning, or a July 31 interview once with ABC's This Week (deja vu!), or an August 5 interview with Tucker Carlson on MSNBC.

More recently, Santorum was asked about this very same passage during a May 2011 Fox News presidential debate in South Carolina, and again, he neglected to credit his wife.

A failure to provide proper attribution for someone else's words in order to make them appear to be your own is called plagiarism.

Sen. Rick Santorum's Anti-Protestantism: They are 'Gone From Christianity'

As usual for the senator, the following is inarticulately stated, but nevertheless it is clear enough that Sen. Santorum operates under an anti-Protestant Catholicism which was more common in the past and which finds the short-comings of Protestantism's more liberal denominations too good to pass up.

Excerpted from remarks made in Florida in 2008, referenced here and here:

"We all know that this country was founded on a Judeo-Christian ethic but the Judeo-Christian ethic was a Protestant Judeo-Christian ethic, sure the Catholics had some influence, but this was a Protestant country and the Protestant ethic, mainstream, mainline Protestantism, and of course we look at the shape of mainline Protestantism in this country and it is in shambles, it is gone from the world of Christianity as I see it."


A bunch of us Protestants think the same thing, but that's another story.

Moochelle Obama's 16 Vacations in Three Years Fly in Face of Economy in Shambles

Detailed here.

The president here a year ago obviously was talking about a different family cutting back, not his own:

Just like every family in America, the federal government has to do two things at once. It has to live within its means while still investing in the future. If you’re a family trying to cut back, you might skip going out to dinner, you might put off a vacation. 

Pryvit, Ukraine

Gingrich Wants America Energy Independent: No More Presidential Bowing To Saudi King

See him say it at this link:

Remember this? Obama bowed to the Saudi King under the watchful eye of Sarkozy:

Going Back to 1881, Do You Think The Shiller p/e Ratio Spends Much Time in 20s?

Look for yourself, here.

Current Growth is Being Swallowed Up by Interest Payments on the Debt

Fiscal year 2011 interest payments on the federal debt (source: treasurydirect.gov):

Debt to the penny as of this moment (source: savingsbonds.gov):

Implied interest rate:

2.95 percent.

But the first report of Q4 GDP was only 2.8 percent.

So the current growth measure is being swallowed up by interest payments on the national debt. Growth is therefore slightly negative just by this measure, not factoring in inflation: minus .15 percent growth.

None dare call it depression.

Global Public Debt Clock: $44 Trillion and Counting

Message to the post-Christian West:

"Owe no man anything."

Sincerely,

St. Paul, Epistle to the Romans 13:8

Watch it here.

Massive Global Central Bank Balance Sheet Expansion Interferes With Interest Rates

The balance sheets of the world's biggest central banks have exploded 178 percent between May 2006 and November 2011.

So says the data compiled and illustrated by James Bianco in late January at The Big Picture here:

The combined size of [the world's largest] eight central banks’ balance sheets has almost tripled in the last six years from $5.42 trillion to more than $15 trillion and is still on the rise! ...

QE is an expanding of balance sheets via increasing bank reserves.  The purpose of QE ... is to increase bank reserves through purchases of fixed income securities in order to lower interest rates. ...

[I]t is fair to compare the size of these balance sheets (now $15 trillion) to the capitalization of the world’s stock markets (now $48 trillion). ...

Prior to the 2008 financial crisis, the eight central bank balance sheets were less than 15% the size of world stock markets and falling.  In the immediate aftermath of Lehman Brothers’ failure, these eight central bank balance sheets swelled to 37% the capitalization of the world stock market.  But keep in mind that the late 2008/early 2009 peak was due to collapsing stock market values combined with balance sheet expansion via “lender of last resort” loans.

Recently, the eight central bank balance sheets have spiked back to 33% of world stock market capitalization.  This has come about not by lender of last resort loans, but rather by QE expansion (buying bonds with “printed money“) even faster than world stock markets are rising.


Some people look at this information as evidence that the intent of the central banks is to boost asset prices to keep the illusion of growth going. But what if it's really just about buying time, attempting to secure lower roll over interest rates for refinancing massive debt loads which have become a giant millstone around the neck of the world?

The total public and private debt of the world's 35 most indebted nations alone tops $57 trillion, which is 95 percent of the $60 trillion in 2011 GDP of the world's 35 most productive nations. Of 27 of those most productive nations (not counting Greece whose 34.38 percent rate is an outlier) shown here, sovereign 10 year bond yields last week averaged 4.2 percent, implying world wide debt service payments of $2.4 trillion just to stay current.

The US alone spends nearly $0.5 trillion annually in debt service payments, and calls it a victory when $0.04 trillion in spending is cut. Meanwhile deficits and debt continue to build, here and abroad.

GDP growth averaging 3.5 percent per annum is the way out, but the debt burden eats up the progress.

This can't go on forever. 

US Foreclosure Law Map

From the Short Sale Association of America, here.

Dodd-Frank is 848 Pages Long, Glass-Steagall was 37 Pages

Robert Lenzner reminds us here that the shorter one worked pretty well for a pretty long time, but the longer one which replaces it is already a disaster.

For The Economist article referred to by Lenzner, see here, including an important cost correction correcting billions to millions. (Oops).

The Hitch on G.K. Chesterton as Fascist Fellow Traveler

Seen here:

"[Chesterton's] idea of a body [the Roman Catholic Church] that actually did all the official thinking was probably not unrelated to the Mussolini concept of the corporate state. This would be repulsive to the English and American tradition."

Only until FDR, of course, who paved the way in America for the acceptance of the concept of the president as the blended strong man, as described in the memoirs of President Herbert Hoover.

In Spengler's phrase: "There is no contradiction between economic liberalism and socialism."

Can there be any other explanation for the three year somnolence of the 30 million strong Catholic Church in America while a ne'er-do-well poseur attempts to overthrow the country? Roman Catholics are incapable of recognizing tyranny, let alone stopping it, since they actually identify with a divine one. In fact, until recently Obama's social program and Catholics' have been virtually indistinguishable. Which is rather the point of Hitchen's critique of religion, and its heaven as the "Celestial North Korea."

Like many religious groups in America, Catholicism represents a country within the country and is only the most recent but vivid example of our continuing Balkanization and inevitable dissolution as one nation under the Protestant God.

The wall separating church and state in America was not built by Rome.

High Gasoline Prices Are In The News Again: Up 55 Percent Since 2007

For example, from The Associated Press:

The national average for gasoline began the year at $3.28 a gallon. The average price for February so far is $3.49 a gallon. That's up from $3.17 a gallon last February, a record at the time. Back in 2007, before the recession hit, the average for February was $2.25 a gallon. ...

Americans spent 8.4 percent of their household income on gasoline last year when gas averaged an all-time high of $3.51 a gallon. That's double the percentage a decade ago. They could pay even more this year, even though demand is the lowest in 11 years as people drive fewer miles in more efficient cars, says Tom Kloza, chief oil analyst at OPIS. ...

World oil demand is expected to increase by another 1.5 percent to 89.25 million barrels a day in 2012, according to the Energy Information Administration.

Read the complete story here.

The Rich Should Answer Obama's Class Warfare With A Prosperous Middle Class

As recognized long ago by Aristotle:

Now a tyranny is a monarchy where the good of one man only is the object of government, an oligarchy considers only the rich, and a democracy only the poor; but neither of them have a common good in view.

Tyranny, the worst excess imaginable, [is] a government the most contrary possible to a free state.

Tyranny arises from a headstrong democracy or an oligarchy, but very seldom when the members of the community are nearly on an equality with each other. When there is a want of a proper number of men of middling fortune, the poor extend their power too far, abuses arise, and the government is soon at an end.

A tyrant is chosen out of the meanest populace; an enemy to the better sort, that the common people may not be oppressed by [the better sort].

The Tea Party: A Middle Class Rebellion Against Bailouts

So Richard Viguerie, here:

"One of the establishment outrages that led to the middle class rebellion now known as the Tea Party was the $700 billion TARP program that bailed-out a select group of Wall Street and international banks from their bad bets on the U.S. housing market."

As of the End of 2011, President Obama Has Golfed 92 Times

So Keith Koffler for WhiteHouseDossier.com, here.

That means he's averaged about 2.5 outings per month over the three years.

A Moochelle Obama Retrospective from WhiteHouseDossier.com

Keith Koffler provides a nice summary of the First Lady's extravagances, the latest of which is a ski trip to Colorado this weekend hot on the heals after 17 days in Hawaii over Christmas:

The first lady, who just returned last month from 17 days of relaxation in Hawaii, is skiing in Colorado on Presidents’ Day Weekend for the second year in a row. ...

Just last August, she sojourned on Martha’s Vineyard, and the month before she travelled to southern Africa for a trip that mixed official business with tourist outings like an African safari. In July 2010, she took an exorbitant excursion to the southern coast of Spain, flying out with friends and family on a large jet that often serves as Air Force 2 and then staying at a ritzy hotel. ...

For her last two Hawaii vacations, Michelle left separately from her husband at extra cost to taxpayers in order to ensure she got the full vacation while the president was forced to remain in Washington a few extra days to finish work with Congress.

Read the full entry, here.

Energy Subsidies to Fossil, Renewable and Conservation Equal to Nuclear '73-'03

So says Wikipedia here, but you'll notice that the data isn't framed that way.

The presentation lumps nuclear and fossil together at $74 billion to make it appear that these "bad" sources received far more in subsidies than poor old renewable and conservation at $26 billion.

But fossil, renewable and energy efficiency subsidies combined totaled $50 billion from 1973 to 2003, matching the subsidies to nuclear over the period.

Perhaps even more interesting fossil received slightly less in subsidies than renewable over the period.

Overall, subsidies amounted to just $100 billion over 30 years, for an average of $3.3 billion per annum, a drop in the bucket compared to the trillions of dollars homeowners extracted from home equity, much of it blown on jet fuel for vacations.

Here is the screen shot:

Something funny going on with the reference, though. Must be too controversial:

In South Carolina Private Drone Shot Down With Small Arms

Video here. Story here.

The Percentage of People Working Hasn't Been This Bad Since November 1983

Get a grip, people. Obama is a fisherman, trolling along the bottom, catching nothing for three years except a good buzz from a boat-full of beer.

Full Time Employment in January 2012 is at November 2003 Level: 113.8 Million

Part-Time For Economic Reasons Remains Elevated at 8.2 Million

Data here.

Total Private Employment Still Over 5 Million Lower Than in January 2008

Data here.

Historical Real GDP From BEA, Recent Quarterly, and Annual Data 1996-2011

From the most recent release, Friday, January 27, 2012, here:

The 2011 GDP advance over 2010 of 1.7 percent represents a decline in the pace of recovery of 43 percent, a huge fall-off. The money borrowed (!) to stimulate the economy has done nothing to re-ignite growth, as critics of Keynesianism predicted.

Post-WW2 GDP growth averaged 3.5 percent per annum.

The period from 2001 through 2007 averaged only 2.4 percent.

The back-to-back declines in 2008 and 2009 represent a small depression.

The 2010-11 recovery period so far is averaging only 2.4 percent, a return to the unimpressive growth pattern under one George W. Bush, whose best year in 2004 merely equaled the post-war average.

Real recovery would look more like 6 percent real GDP growth or even higher for a number of years back-to-back.

2010's 3.0 is shaping up to be just a one-off.

Liberal Jonathan Turley Smells An Imperial President In Obama's 'Recess' Appointments

Because the Congress wasn't in recess:

Yet the latest recess appointments push this controversy to a new extreme. The shortest prior period for a recess appointment in recent history was a break of 10 days. In this case, Congress did not intend to take such a recess and took steps to "stay in business" to prevent any end run by the president. Under the Constitution, neither chamber of Congress can recess for more than three days without the consent of the other chamber. This winter, the House expressly declined to give consent — holding sessions every three days to prevent any recess appointments. Moreover, this session was hardly "pro forma." Just three days after going into the session in December, Congress passed the president's demand for a two-month payroll tax holiday extension. So the Obama administration was doing business with Congress on important legislation while simultaneously claiming that Congress was functionally out of session.

Yeah, but most of the House went home, leaving a skeleton crew behind to pass the payroll tax holiday extension for two months, repudiating an earlier vote in the House which called for a one year extension.

Just as bad, the skeleton crew also raised a tax on mortgages for two years to pay for the lousy two month extension. The new tax on mortgages is not just a first, but is utterly insane at a time when the Fed is doing everything it can to stimulate housing through long term interest rate interventions. A tax will only suppress home-buying.

If Republicans had any balls, they'd remove Speaker Boehner and Majority Leader Cantor for that.

It's not just an imperial presidency at work in this case, but an unrepresentative House of Representatives.

See Turley's complete remarks for USA Today here, which provide a very reasonable interpretation of the meaning of the conditions under which recess appointments may be made, i.e. when a vacancy occurs during a recess.

Obama's appointments didn't occur during a recess, and the vacancies didn't occur during one, so they're wrong. And so were George Bush's.

Consumption is in Decline, Frugality is in the Ascendant

As reported here:

Legendary Swiss investor Felix Zulauf believes that the current rally in risk assets is likely to last until at least the end of March, but that global sharemarkets will again succumb to downward pressure in the second half of the year.

In a wide-ranging interview with Business Spectator, Zulauf, who is president of Zulauf Asset Management and who has been a member of Barron’s Roundtable for more than 20 years, paints a gloomy picture of debt-laden industrialised countries, where central banks have no choice but to print money in an attempt to stave off dire deflationary pressures.

He also predicts that dwindling demand from the West will force China to redouble its efforts to boost domestic consumption, but that this will reduce China’s rate of economic growth. ...

"I think we are now dealing with a structural weakness in consumption in the industrial world due to declining prosperity. Real disposable personal income in most industrialised countries is stagnating, or even declining. And that means China has to change its model. Its export industries won’t be as vigorous as they used to be, both as a result of the weakness in demand outside China, and also because Chinese labour costs have risen sharply in recent years." 

USPS Needs To Cut $20 Billion, Plans To Close 3,830 Post Offices To Save $0.3 Billion

"That doesn't make any sense!"

As reported here by Reuters:

The Postal Service chose post offices for possible closure based primarily on revenue. Two-thirds of the 3,830 post offices slated for closure earned less than $27,500 in annual sales, postal data show. Nearly 90 percent of these post offices are located in rural areas, where shrinking populations and dwindling businesses mean the post offices simply cost more to operate than they earn. ...

The statistics show that closing all of the post offices under consideration would save about $295 million a year - about four-tenths of 1 percent of the Postal Service's annual expenses of $70 billion. ...

To match the falling demand, the agency says it needs to cut $20 billion in operating expenses by 2015. Restructuring healthcare programs, eliminating jobs, ending Saturday delivery and closing post offices are among the moves being considered, though some of these would require permission from a Congress that remains deeply divided on how to address the Postal Service's woes.

The postal service question is a matter of civil liberties: the guarantee of private communication. No cost is too high to protect it. That we don't care about it anymore just shows we are no longer a free people.

If we repealed the Davis-Bacon Act of 1931, however, the costs of postal service would plummet almost overnight, and we might be less inclined to sell our birthright for a bowl of pottage.

Obama Plans To Cut Deployed Nukes To As Few As 300 From 1790 Now

So reports AP Obama here:

The potential cuts would be from a current treaty limit of 1,550 deployed strategic warheads.

A level of 300 deployed strategic nuclear weapons would take the U.S. back to levels not seen since 1950 when the nation was ramping up production in an arms race with the Soviet Union. The U.S. numbers peaked at above 12,000 in the late 1980s and first dropped below 5,000 in 2003. ...

The U.S. already is on track to reduce to 1,550 deployed strategic nuclear warheads by 2018, as required by New START. As of last Sept. 1, the United States had 1,790 warheads and Russia had 1,566, according to treaty-mandated reports by each. The treaty does not bar either country from cutting below 1,550 on their own.

The World Currently Owes Japan Approximately $3.23 Trillion

At an exchange rate of 77.87 yen to the dollar:

Japan’s current-account surplus has meant that it hasn’t needed to rely on foreign capital to finance its budget deficits, unlike the U.S.  Foreign buyers hold about less than 10 percent of the public debt, compared with almost half for the U.S. Yields on 10-year Japanese government bonds were at 1 percent, among the world’s lowest.

A legacy of years of trade surpluses has left Japan as largest net holder of external assets, a position it had for a 20th straight year in 2010, with a position of 251.5 trillion yen, according to the finance ministry. Figures for 2011 are due in May. China is second-largest, according to the ministry.

Japan has moved into trade deficit for the first time since 1980, according to the story at Bloomberg here.

Two Reasons For Legal Offshore Cash

Political risk, as in:

If the country implodes and you've got to renounce citizenship you'll have some resources abroad waiting for you.

Litigation risk, as in:

Rich people make big targets, so to prevent everything you've got from being exposed to a lawsuit, you park some money out of reach.

Brett Arends explains here.

Does it inspire confidence that a prospective president might think that way?

Romney Unlikely To Reform Tax Code Fearing Charges Of Personal Gain

So says Cato Institute Senior Fellow Dan Mitchell, here:

Romney will be reluctant - because of his personal wealth - to advance policies that can be portrayed as helping the so-called rich. We can't expect a Reagan-style agenda of economic liberty and individual freedom, so something like a flat tax is very unlikely.

Rick Santorum Blames His Wife For Blaming Feminists in "It Takes a Family"

And you thought Newt Gingrich was the only two-timing traitor in the Republican race for president.

From The New York Times, here:

Asked on the ABC News program “This Week” about the book’s contentions, Mr. Santorum noted that his wife, Karen, had written that section — though only his name is on the cover and he does not list her in the acknowledgments as among those “who assisted me in the writing of this book.” ...

In the interview on Sunday, Mr. Santorum pleaded unfamiliarity with the citation, saying, “I don’t know – that’s a new quote for me.” ...

Nevermind there's nothing new about it, as the evidence adduced going back many years shows.

"The woman whom thou gavest to be with me, she gave me fruit of the tree, and I ate."

Weasel.

h/t Chris

There is No Democracy in Greece: 43 Lawmakers EXPELLED for Voting the Wrong Way

As reported here:

Lawmakers voted 199-74 in favor of the cutbacks, despite strong dissent among the two main coalition members. A total 37 lawmakers from the majority Socialists and conservative New Democracy party either voted against the party line, abstained or voted present. ...

Besides the 37 lawmakers who voted against the bill or abstained, a further six voted against sections of the proposed measures. After the vote, the coalition government announced those 43 lawmakers had been expelled.

Banks Make Out Like Bandits Again, Mortgage Settlement a Drop in the Bucket

As detailed by Gretchen Morgenson for The New York Times here:

There's no doubt that the banks are happy with this deal. You would be, too, if your bill for lying to courts and end-running the law came to less than $2,000 per loan file.

As for the supposed benefits to the economy, skeptics abound. One of them is Paul Diggle, property economist at Capital Economics in London. In a report last week, he rejected the notion -- espoused by both banks and government authorities -- that this deal would help turn around the American housing market.

For most homeowners, it will barely move the needle. Forgiving $17 billion in principal "is a drop in the ocean," Mr. Diggle said, "given that close to 11 million borrowers are underwater on their loans to the tune of $700 billion in total." Doing the math, $17 billion in write-downs would be about 2.4 percent of the total negative equity weighing down borrowers across the nation now.

Gov. Romney Repeats the Myth of First Amendment Priority

Quoted here:

"We must have a President who is willing to protect America's first right, our right to worship God," he added.

The First Amendment was originally the Third Amendment. If religious liberty had really held priority in the founders' minds, this would not have been the case.

So what did pre-occupy their minds? The issue of adequate representation.

No one today can argue that we have it.

Sarah Palin at CPAC: Still a Vulgarian and a Believer in the Imperial Presidency

As reported here:

Palin zeroed in on President Obama. The current state of the economy "is not a failure of the American people," she said. "It is the failure of leadership. We know how to change that, oh yes we do. Oh yes we can," she said, echoing Obama's campaign line. "Hope and change – yeah, you gotta hope things change."

"He says he has a jobs plan to win the future. WTF, I know," Palin said, spelling out W-T-F. Palin hasn't endorsed any candidates and didn't do so today, telling the crowd that "For the sake of our country we must stand united, whoever our nominee is." Palin left the stage to an extended ovation, having managed to do what none of the candidates except Santorum could: get social conservatives truly fired up.

That's right. Never tell the people they have the government they deserve, especially that crowd. 

Ann Coulter Still Thinks Newt Gingrich Is The Main Threat To Mitt Romney

Quoted here:

So I ask you, CPACers, who are you willing to stake the future of this country on winning? Who is going to appeal to the most Independents? Because, if we’re betting the future of this country on Next Gingrich not being repellent to Independents, I want my money back. I’m not taking that bet.

So, the three back-to-back victories this week for Sen. Rick Santorum are chopped liver?

Mitt Romney (and Rush Limbaugh) Do Not Understand The American Founding

Here's Rush cheer-leading Gov. Mitt Romney for something Romney said today at CPAC, something which shows neither he nor Limbaugh really understand the American Founding:

ROMNEY: We believe in the Constitution, the Declaration of Independence!  We believe in life, liberty, and the pursuit of happiness!  We know the brilliance that suggested that individuals pursuing their own dreams would make us the most powerful nation on earth, not a government trying to guide our lives.  This is who we are! This passion we must take to the American people.  This is our moment! This is why we're conservatives.  The task before us now is to reaffirm the convictions that unite us and go forward, shoulder to shoulder, to secure victory that America so desperately needs and deserves. 

CROWD: (cheering)

ROMNEY: Let's do it together! Thank you, and God bless America. 

CROWD: (cheers and applause)

ROMNEY: Thank you.

RUSH:  Right on, dude.  Right on.  I mean, that's... What did you think of that, Snerdley?  Did you it? That was! It was severe.  It was.  It was "severely conservative."  You know that I'm just gonna get beat up so bad for this.

Rush should get beat up for this, along with Romney, because becoming "the most powerful nation on earth" was as foreign a concept to the Founders as it is to conservatism.

The Founders sought independence from England in order to enjoy membership in the family of nations, instead of enduring the on-going disrespect with which King George treated his colonies in America. A grandiose design to become world hegemon, pace Mitt, pace Rush, was a . . . uh hum, foreign concept.

From "The Original Intent of the Declaration of Independence" by John Fea, here:

Historian David Armitage, in a fascinating book entitled The Declaration of Independence: A Global History, has argued convincingly that the Declaration of Independence was written primarily as a document asserting American political sovereignty in the hopes that the newly created United States would secure a place in the international community of nations. In fact, Armitage asserts, the Declaration was discussed abroad more than it was at home. This meant that the Declaration was "decidedly un-revolutionary. It would affirm the maxims of European statecraft, not affront them."

To put this differently, the "self-evident truths" and "unalienable rights" of the Declaration's second paragraph would not have been particularly new or groundbreaking in the context of the 18th-century British world. These were ideals that all members of the British Empire valued regardless of whether they supported or opposed the American Revolution. The writers of the Declaration of Independence did not believe that they were advancing political principles unique to America. This was a foreign policy document.

In an 1825 letter to fellow Virginian Henry Lee, Thomas Jefferson explained his motivation behind writing the Declaration:

When forced, therefore to resort to arms for redress, an appeal to the tribunal of the world was deemed proper for our jurisdiction. This was the object of the Declaration of Independence. Not to find out new principles or new arguments, never before thought of . . . but to place before mankind the common sense of the subject, in terms so plain and firm as to command their assent, and to justify ourselves in the independent stand we are compelled to take.

John Adams, writing five years after he signed it, called the Declaration "that memorable Act by which [the United States] assumed an equal Station among the nations." There is little in these statements to suggest that the Declaration of Independence was anything other than an announcement to the world that the former British colonies were now free and independent states and thus deserve a place in the international order of nations.

Alas, we are left with ignorant fools, appealing to ignorant fools.

Same as it ever was.

Fritz Vahrenholt's Climate Apostasy Partly Due to Solar Research of Henrik Svensmark

So says journalist and film-maker Michael Miersch for Germany's FOCUS, as translated by Phillip Mueller in "Solar Shift Rocks Germany", here:

The work of the Danish researcher Henrik Svensmark and other climate scientists convinced him that the fluctuating magnetic field of the sun is a driver of climate change, because it shields cyclically more or less cosmic radiation from the earth. This particle radiation from space contributes to cloud formation.

A Little Friday Night Truck Humor

h/t Scott

Potential Juror Number 382 in Hutaree Trial Sticks Up For 4th Amendment

The Detroit Free Press has the story here:

The last person added to the final jury pool said he is skeptical about police and paid informants going undercover to spy on people.

His views struck a nerve with the prosecution, whose key witnesses include a federal agent and paid confidential informant who infiltrated the Hutaree group, secretly recorded conversations with members, then reported everything they saw and heard back to the FBI. ...

He said he believes spying on people is an invasion of privacy. 

“You’re basically paying someone to lie and deceive people. I don’t think that’s right,” said the potential juror.

The country could use a lot more jurors 382.

Mormons Still Practice Polygamy in the Form of "Sealing"

So says Tresa Edmunds here:

Today polygamy still echoes in our doctrine as men can be "sealed", or united for eternity in a religious ordinance, to more than one woman. ... 

[M]y co-blogger, Lindsay Hansen Park, . . . writes . . . "[H]istory forces us to reflect on current practices and policies and we begin to question the reasoning of it all. Mormons still practice polygamy posthumously in the temple? Is polygamy the law we're to expect in the afterlife? And better yet, who are we to tell the world what a traditional family looks like, when our past is far from traditional?"

One's a Creep, the Other a Monster

Tim Noah of The New Republic (who admits Edward Kennedy was "criminally irresponsible" in 1969) helps you decide which is the creep, and which the monster, here.

Progressivism can only be said to be making progress, however, when people such as these are flailed while they are alive and still in power.

The West's Problem: Ongoing Misdirection of Capital

So says Nicole Gelinas, here:

In the years leading up to 2007, the rules necessary to govern a flourishing market economy broke down, producing a financial and economic crisis. Rather than responding to the crisis by fixing those rules, the West aggressively repudiated market economics, and the repudiation continues to this day.

Or, to put it the way George Bush did, we've abandoned free-market principles to save the market.

Never works. Never will.

Guttmacher Institute Report Claims 2% of US Catholic Women Use Natural Family Planning

The Guttmacher report also claims 98 percent of sexually-active American Catholic women use contraceptives:

Among all women who have had sex, 99% have ever used a contraceptive method other than natural family planning. This figure is virtually the same, 98%, among sexually experienced Catholic women. ...

Only 2% of Catholic women rely on natural family planning; even among Catholic women who attend church once a month or more, only 2% rely on this method (not shown). Sixty-eight percent of Catholic women use highly effective methods: sterilization (32%, including 24% using female sterilization,) the pill or another hormonal method (31%) and the IUD (5%). ...

Data were gathered using in-person interviews with 7,356 women aged 15–44 between June 2006 and December 2008. All data used for this analysis were weighted, and the findings are nationally representative. ...

Current contraceptive use was measured only among women who had had sex in the three months prior to the survey and refers to the method used in the most recent month she had sex. Among women who reported using multiple methods in the survey month, priority was given to the most effective method. The category of “other” methods mainly consists of withdrawal but also includes less common methods, such as suppositories, sponges and foams. Natural family planning includes periodic abstinence, temperature rhythm and cervical mucus tests.


The Guttmacher Institute was originally in 1968 a creature of Planned Parenthood, and became independent from it in 1977. Alan Frank Guttmacher was once the president of PP.

The 4-6 year old study on which the data are based is described as "weighted," which means some data points count more than others. Which ones no one knows. I'll leave it to statisticians to decide if 7,356 women comprise enough of a data set to draw sweeping religious conclusions about any religious group, Catholic or otherwise.

From what I know of Catholics, however, the religion is "orthopractic" more than it is orthodox, emphasizing religious obligation more than religious belief, which would help explain why US Catholic women apparently routinely ignore official teaching.

Protestants have tended rather to emphasize correct belief, but in truth are not really less likely to practice otherwise.

Catholicism is a much bigger tent than Protestantism, which is a sea of tents. The strength, and the weakness, of Catholicism is its ability to co-opt pre-existing belief and absorb it.

The present struggle over reproductive issues in America highlights a struggle against an ideology not unlike that which the church faced in the Soviet era in the Eastern Bloc.

This may be a long war which doesn't end until America does.

Catholicism, however, will still be here when America is gone.   

German Lefty Fritz Vahrenholt Questions CO2 Climate Change Hypothesis

Interviewed here in Der Spiegel:

"Today, I want new scientific findings to be included in the climate debate. It would then become clear that the simple equation that CO2 and other man-made greenhouse gases are almost exclusively responsible for climate change is unsustainable. It hasn't gotten any warmer on this planet in almost 14 years, despite continued increases in CO2 emissions. Established climate science has to come up with an answer to that. ...

"The long version of the IPCC report does mention natural causes of climate change, like the sun and oscillating ocean currents. But they no longer appear in the summary for politicians. They were simply edited out. To this day, many decision-makers don't know that new studies have seriously questioned the dominance of CO2. CO2 alone will never cause a warming of more than 2 degrees Celsius (3.6 degrees Fahrenheit) by the end of the century. Only with the help of supposed amplification effects, especially water vapor, do the computers arrive at a drastic temperature increase. I say that global warming will remain below two degrees by the end of the century. This is an eminently political message, but it's also good news. ...

"In terms of the climate, we have seen a cyclical up and down for the last 7,000 years, long before man began emitting CO2 into the atmosphere. There has been a warming phase every 1,000 years, including the Roman, the Medieval and the current warm periods. All of these warm periods consistently coincided with strong solar activity. In addition to this large fluctuation in activity, there is also a 210-year and an 87-year natural cycle of the sun. Ignoring these would be a serious mistake …

"In the second half of the 20th century, the sun was more active than it had been in more than 2,000 years. This "large solar maximum," as astronomers call it, has contributed at least as much to global warming as the greenhouse gas CO2. But the sun has been getting weaker since 2005, and it will continue to do so in the next few decades. Consequently, we can only expect cooling from the sun for now. ...

"Many scientists assume that the temperature changes by more than 1 degree Celsius for the 1,000-year cycle and by up to 0.7 degrees Celsius for the smaller cycles. Climatologists should be putting a far greater effort into finding ways to more accurately determine the effects of the sun on climate. For the IPCC and the politicians it influences, CO2 is practically the only factor. The importance of the sun for the climate is systematically underestimated, and the importance of CO2 is systematically overestimated. As a result, all climate predictions are based on the wrong underlying facts. ...

"[T]he declining solar activity, as well as the fluctuations in ocean currents, such as the 60-year Pacific oscillation, which was in a positive warm phase from 1977 to 2000 and, since 2000, has led to cooling as a result of its decline. Their contribution to the change in temperature has also been wrongly attributed to CO2. Most of all, however, the last sunspot cycle was weaker than the one before it. This is why the sun's magnetic field has continued to weaken since 2000. As a result, this magnetic field doesn't shield us against cosmic radiation quite as well, which in turn leads to stronger cloud formation and, therefore, cooling. What else has to happen before the IPCC at least mentions these relationships in its reports? ...

"In addition to carbon dioxide, we also have black soot, for example. It creates 55 percent of the warming effect of CO2, but it could be filtered out with little effort within a few years, especially in emerging and developing countries. And, in doing so, we would achieve huge benefits for human health. ...

"All I'm saying is that CO2 is a climate gas, but that its effect is only half as strong as the IPCC claims. ..."

Total World Stock Market Capitalization Year-End 2010 at $56 Trillion

Data here.

Total Demand Deposits in January at $0.8 Trillion

Total Savings and Money Market Deposits in January at $6.057 Trillion

Irrational Exuberance in Home Ownership Rates

MJ Perry has a good post on the deflating home ownership bubble here, and this cool chart, which shows once again that starting in 1995 all manner of metrics assumed an irrationally exuberant upward trend.

An additional chart at the link less convincingly makes the case that low down payment loans were a cause, rather than a by-product, of the bubble.  Looks like a lagging indicator to me, but obviously it is an imprudent policy to require only 3 percent down.