U.S. Banks Helped Europe Mask Debt Off Balance Sheet

The New York Times is reporting on Wall Street's role in off-balance-sheet accounting for European sovereign debt:

In dozens of deals across the Continent, banks provided cash upfront in return for government payments in the future, with those liabilities then left off the books. Greece, for example, traded away the rights to airport fees and lottery proceeds in years to come.

Critics say that such deals, because they are not recorded as loans, mislead investors and regulators about the depth of a country’s liabilities.

Some of the Greek deals were named after figures in Greek mythology. One of them, for instance, was called Aeolos, after the god of the winds.

The crisis in Greece poses the most significant challenge yet to Europe’s common currency, the euro, and the Continent’s goal of economic unity. The country is, in the argot of banking, too big to be allowed to fail. Greece owes the world $300 billion, and major banks are on the hook for much of that debt. A default would reverberate around the globe.

To read more, go here.

Professor Phil Jones Retreats on Climate Change

An op-ed from The UK Daily Mail:

The professor’s amazing climate change retreat

13th February 2010

Data: Professor Phil Jones admitted his record keeping is 'not as good as it should be'

Untold billions of pounds have been spent on turning the world green and also on financing the dubious trade in carbon credits.

Countless gallons of aviation fuel have been consumed carrying experts, lobbyists and politicians to apocalyptic conferences on global warming.

Every government on Earth has changed its policy, hundreds of academic institutions, entire school curricula and the priorities of broadcasters and newspapers all over the world have been altered – all to serve the new doctrine that man is overheating the planet and must undertake heroic and costly changes to save the world from drowning as the icecaps melt.

You might have thought that all this was based upon well-founded, highly competent research and that those involved had good reason for their blazing, hot-eyed certainty and their fierce intolerance of dissent.

But, thanks to the row over leaked emails from the Climatic Research Unit, we now learn that this body’s director, Phil Jones, works in a disorganised fashion amid chaos and mess.

Interviewed by the highly sympathetic BBC, which still insists on describing the leaked emails as ‘stolen’, Professor Jones has conceded that he ‘did not do a thorough job’ of keeping track of his own records.

His colleagues recall that his office was ‘often surrounded by jumbled piles of papers’.

Even more strikingly, he also sounds much less ebullient about the basic theory, admitting that there is little difference between global warming rates in the Nineties and in two previous periods since 1860 and accepting that from 1995 to now there has been no statistically significant warming.

He also leaves open the possibility, long resisted by climate change activists, that the ‘Medieval Warm Period’ from 800 to 1300 AD, and thought by many experts to be warmer than the present period, could have encompassed the entire globe.

This is an amazing retreat, since if it was both global and warmer, the green movement’s argument that our current position is ‘unprecedented’ would collapse.

It is quite reasonable to suggest that human activity may have had some effect on climate.

There is no doubt that careless and greedy exploitation has done much damage to the planet.

But in the light of the ‘Climategate’ revelations, it is time for governments, academics and their media cheerleaders to be more modest in their claims and to treat sceptics with far more courtesy.

The question is not settled.

Barack "Fabius" Obama Can Still Be Stopped

Among other things, Bill Flax shows why expunging the study of classical antiquity from the public schools was a priority of the radicals of the 1960's: its stories, repeated and memorized through the study of Latin, stood in the way of their program to subvert our country and destroy our liberty. If you read nothing else this year, read this, which was posted here:

February 13, 2010

We Picked the Wrong Roman Dictator

By Bill Flax

From Government Square in Cincinnati, I often sit surrounded by impressive displays of federal invasiveness, and muse that we picked the wrong Roman dictator.

The Federal Building across the street, serving primarily to dispense largesse confiscated from the workers packed into the square below. The brilliantly marbled Federal Reserve branch where regulators seek enhanced power to oversee commerce while recoiling vigorously against any attempt to be scrutinized themselves. And the block long Federal Court House, which unlike the others, has constitutional legitimacy even as its reach and depth far surpass anything our founders would have tolerated.

Taking nothing away from the many hard-working and honorable souls inhabiting these structures, but America has lost its way. My hometown was named for the Society of the Cincinnati. In ancient Rome, citizen-general Cincinnatus put down his plow to save his nation. When the battle was won, he declined a crown and returned to his farm. His self-restraint in the face of overwhelming temptation bequeathed to Rome several centuries of limited, republican government.

George Washington exhibited similar virtue after our independence. He too could have been king, but his self-denial enabled the rule of law to triumph over the rule of men. Our revolution was largely fought to settle the timeless question of whether government is answerable to the law protecting the rights of its constituents - or - are the people subject to government with a malleable Constitution bending to political pleasure.

America once enjoyed a constitutional republic where property rights were sacrosanct, contracts were conscientiously enforced and markets prevailed. Secure property rights channeled our energies into productive enterprise via the profit motive. An impartial application of the law encouraged market development which enhanced specialization and America's hallmark: an innovative spirit propelling higher living standards for all.

Freedom and prosperity are inexorably linked. Government constrained by law and limited by checks and balances, between both branches and levels of government, birthed an economic juggernaut. Yet, another Roman general has indirectly put a more pronounced stamp on our economy.

Fabius was called to confront Hannibal after the Carthaginian warlord destroyed several Roman armies. Recognizing Hannibal was too strong to confront directly, Fabius conducted a masterful war of attrition. When Hannibal advanced, Fabius retreated. When Hannibal retreated, Fabius advanced always staying safely distant, but close enough to harass the invader. Several times the citizenry grew impatient only for a replacement to hurl the Roman army headlong into calamity.

These "Fabian" tactics became the archetype for a group of sophisticates in late Victorian England. The Fabian Society believed in socialism, not coming by revolution as Marx envisioned, but by evolution. Bored by leisure and rebelling against the strict mores of the time, they sought not to directly confront the existent order, but to undermine it from within.

As prominent Fabian George Bernard Shaw explained, "The Fabian Society succeeded because it ... set about doing the necessary brain work of planning Socialist organization for all classes, meanwhile accepting, instead of trying to supersede, the existing political organizations which it intended to permeate with the Socialist conception of human society."

These ungrateful children of wealth advocated redistribution of other's property while they resided in luxury. Similar to many intellectuals today, they thought they knew better than we how to live our lives. Unfortunately, Fabians and their ilk became the dominant force in our media and educational establishments, indoctrinating generations of Americans to a perverted view of economics and "social justice."

The Fabian movement spawned John Maynard Keynes, an advocate of central economic planning. The overriding focus of Keynes' theory was Aggregate Demand. Loosely defined, aggregate demand reflects the total amount of goods and services consumed at a stable price. Borrowing and spending supplanted classical economic focus on production and savings as the building blocks of prosperity.

Keynesianism was described by Zygmund Dobbs in the illuminating expose, Keynes at Harvard, "The great virtue is consumption, extravagance, improvidence. The great vice is saving, thrift and ‘financial prudence'" because, "If there are no savings there is no private money for investment. Without private investors the government must provide investment capital. If the government provides for investment it has the power to dictate the conduct and processes of those who need investment capital."

Americans wanting to mollify temporary hardship in the throes of recession resurrected Keynes. Rather than endure uncomfortable surgery guided by the market, government injects cortisone to offset the recession's corrective reallocations. Subsidies replace efficiency. Bailouts replace business revitalization. Entitlements replace personal savings. Statism replaces self-reliance. All these government proffered "solutions" may ease our immediate discomfort, but perpetuate economic weakness and come at the price of liberty.

Not only is it immoral to confiscate private property through coercion to redistribute to political favorites, it's also ineffective. Market distortions inevitably harm the economy. The more control we retain over our time, resources and abilities the more closely our efforts will be aligned with productive enterprise. A far-off central planner has no ability to effectively steer this process.

We have witnessed Washington assume greater control with each injection of dubious capital. As Henry Hazlitt warned, "Keynes's plan for 'the socialization of investment' would inevitably entail socialism and state planning. Keynes, in brief, recommended de facto socialism under the guise of 'reforming' and 'preserving' capitalism."

In the closing months of his presidency, Bush crossed the Rubicon authoring vast intrusions "to save" capitalism. Bush quickened what had been a long, painstaking march to socialism. Then a new Caesar immediately began to sprint. We elected not "change," but acceleration.

Only eunuchs were permitted to guard the harem. Entrusting power to the ambitious personalities attracted to government inevitably augments the state to our detriment. Keynes admitted his theories, "can be much easier adapted to the conditions of a totalitarian state than ... a large degree of laissez-faire." We must never abjure our God-given rights to the arbitrary whim of professional politicians in exchange for economic safety-nets.

Incessantly higher spending and increasingly burdensome regulatory controls proved too much. Americans now fear this headlong rush into government expansion. Poor Obama misread the signs and awakened the masses. We weren't yet so effete to be bought by bread and circuses.

The Fabians underestimated the resiliency of free markets and Obama over-estimated his demagoguery. Cincinnatus might be forever gone, but Fabius can still be stopped.

Of "Large Loans Between Vulnerable States" in Europe

A credit expert from Frankfurt is quoted painting a very grave picture of Euroland:

"Economically, we are in a very risky situation. Greece is close to default. We face systemic risk like the Lehman collapse and unless there is a bail-out for Greece, there will have to be a bail-out for the whole European banking system within two or three months," he said.

Yet they are damned if they don't, and damned if they do. "A Greek bail-out increases the risk of EMU break-up, because monetary union can only work if everybody sticks to the rules," Mr Felsenheimer said.

French banks have $76bn of exposure to Greece, the Swiss $64bn, and the Germans $43bn. But this understates cross-border links. There are large loans between vulnerable states. The exposure of Portuguese banks to Spain and Ireland equals 19pc of Portugal's GDP. Interlocking claims within the eurozone zone are complex. Contagion can spread fast.

To read more of this story by Ambrose Evans-Pritchard, go here.

And then consider this, from March 2009:

Contrary to public perception, the Wall Street Crash of 1929 was not the major catastrophe of the Great Depression; it was merely the precipitating event. In fact it was the bankruptcy of Credit-Anstalt in 1931 that made the Depression truly global, and crippled banks throughout Europe and North America. The resulting run on banks throughout the world, with numerous banking failures, was the catalyst that accelerated the rise in global unemployment.

The rest of that is available here.

The crisis which came to the fore in September of 2008 is not over, not by a long shot.

The Biggest Lie in Obama's State of the Union Address

The Lie: "And if there's one thing that has unified Democrats and Republicans, it's that we all hated the bank bailout."

The Truth: In the House and the Senate they loved it so much that 63% of them voted for it (212 Democrats and 125 Republicans). But only 72 Democrats in the House and the Senate voted against the bailout. Which means 75% of Democrats were for the bailouts! The Republicans were nearly split: 123 against, and 125 for, the bailout.

As of tonight, I count 10 Democrats in the House and the Senate who were present at the bailout vote who will not stand for re-election, 9 of whom voted FOR the bailout: Baird of Washington, Berry of Arkansas, Gordon of Tennessee, Moore of Kansas, Snyder of Arkansas, Tanner of Tennessee, Watson of California, Dodd of Connecticut, and Abercrombie of Hawaii.

Just a coincidence?

I also count 9 Republicans in the House and the Senate who were present at the bailout vote who will not stand for re-election, 7 of whom voted FOR the bailout: Brown of South Carolina, Ehlers of Michigan, Radanovich of California, Shadegg of Arizona, Bond of Missouri, Gregg of New Hampshire, and Voinovich of Ohio.

If there's one thing that's unifying the country right now, it's the desire to throw the bailout bums out, and it's President Obama's biggest problem, according to progressive.org:

But Obama voted for the bailout when he was a Senator, and then expanded it when he was President.

It is a cement block tied around his ankles.

Time for a swim.

More republicanism, Less democracy

David Harsanyi defends the filibuster, but falls short of calling for a return to the election of U.S. Senators by the state legislatures, which is what we really need if we want more checks on power (the article appeared here):

February 10, 2010

Say No to Democracy

By David Harsanyi

If you've been paying attention to the left-wing punditry these days, you may be under the impression that the nation's institutions are on the verge of collapse. Or that the rule of law is unraveling. Or maybe that this once-great nation is crippled and nearly beyond repair.

You know why? Because the 40 percent (or so) political minority has far too much influence in Washington. Don't you know? This minority, egged on by a howling mob of nitwits, is holding progress hostage using its revolting politics and parliamentary trickery.

Leading the charge to fix this dire problem is New York Times columnist Paul Krugman, who advocates abolishing the Senate filibuster to make way for direct democracy's magic.

It had better be quick. The populace is fickle. Jacob Weisberg of Slate believes that Americans are crybabies who don't know what's good for 'em, causing "political paralysis." Even President Barack Obama, after his agenda had come to a halt, claimed democracy is a "messy" process -- as if that were a bad thing.

Actually, "democracy" is not only messy but also immoral and unworkable. The Founding Fathers saw that coming, as well. So we don't live under a system of simple majority rule for a reason, as most readers already know.

The minority political party, luckily, has the ability to obstruct, nag and filibuster the majority's agenda. Otherwise, those in absolute power would run wild -- or, in other words, you all would be living that Super Bowl Audi commercial by now.

And if democracy is the mob -- the "worship of jackals by jackasses," as H.L. Mencken once cantankerously put it -- whom does it comprise in our scenario? Depends on how you look at it, I suppose.

Not long ago, even before the Tea Party existed, Obama whipped up crowds angry at Republicans with his rosy brand of left-wing populism. He was able to hypnotize adoring masses with his grand and nebulous promises, though he had few new ideas and little experience to back it up.

Obama's ensuing coronation -- more than 2 million people reportedly showed up for his inauguration -- must have reinforced the perception in Washington that nearly everyone was on board. And in its first year, this administration acted accordingly, attempting to transform energy and health care policy, among other things.

Turns out, if we believe polls, that Americans changed their minds quickly and in large numbers. And history shows us that generally, unhampered one-party rule doesn't work out for anyone.

Then again, today's argument that the ruling party doesn't have enough power is a reflection of a nearly spiritual belief in the wonders of government, not democracy.

Though many Democrats advocate for direct democracy -- whether it be fighting states' rights or supporting the removal of the Electoral College -- it is a curiously selective endeavor.

Take the Tea Partiers, who also have attached themselves to "democracy" rhetoric. What, one wonders, will Democrats have to say about the filibuster when Sarah Palin is jamming through her first-year agenda as president?

We must be more judicious. We must have more debate before moving forward. The Founding Fathers never envisioned radical policy being jammed through by the majority. Oh, my God, it's actually happening.

Those who contend that the ruling party isn't instilled with enough control are worried about politics, not process. And actually, regardless of which ephemeral majority happens to win the day, we should be looking for more checks on power, not less.

Reach columnist David Harsanyi at dharsanyi@denverpost.com.

Ja, Sure, We Miss Ya

Suddenly Sarah Palin Gets Bailout Religion

In September of 2008 Sarah Palin was completely on-board with the idea of the bailout which subsequently came to be known as TARP. She and John McCain were wrong on the one issue which might have swept them into office.

A little more than a year later in her book Going Rogue she still defended the bailout of the banks.

But now, just a few months down the road from the book's release, she's suddenly outraged that the banks have suffered no consequences and that the bailout dam has inexplicably burst forth like a flood, as if she had nothing to do with its inception.

From her Tea Party speech in Nashville:

We can be conquered by bombs, but we can also be conquered by neglect, by ignoring our Constitution and disregarding the principles of limited government. . . .Washington has now replaced private irresponsibility with public irresponsibility. The list of companies and industries that the government is crowding out and bailing out and taking over, it continues to grow.

First, it was the banks, mortgage companies, financial institutions, then automakers. Soon, if they had their way, health care, student loans. Today, in the words of Congressman Paul Ryan, the $700 billion TARP has morphed into crony capitalism at its wors[t]. It is becoming a slush fund for the Treasury Department's favorite big players, just as we had been warned about.

While people on main street look for jobs, people on Wall Street, they're collecting billions and billions in your bailout bonuses. Among the top 17 companies that received your bailout money, 92 percent of the senior officers and directors, they still have their good jobs. And everyday Americans are wondering, where are the consequences for them helping to get us into this worst economic situation since the great depression? Where are the consequences?

Sarah Palin represents nothing so much now as a follower of the Tea Party movement. That's one down. And if a third of the voters are already sympathetic as well, that's only 23 million or so to go to a popular majority.

Good luck with that.

Sarah Palin Believes The Military Gave Us Our Freedom

She opened her Tea Party speech in Nashville with this:

Do you love your freedom? If you love your freedom, think of it. Any of you here serving in uniform, past or present, raise your hand? We are going to thank you for our freedom. God bless you guys. We salute you. We honor you. Thank you.

The Declaration of Independence, however, asserts that liberty is an unalienable right with which we are endowed by the Creator, not by flesh and blood, human effort or will.

This sort of ignorance of our Founding is perennial, but inexcusable in politicians, especially in those who claim to be conservatives.

Time to Pasture-ize John McCain

Good stuff from Michelle Malkin on McCain Regression Syndrome:

With all due respect to McCain’s past noble war service, it’s time to head to the pasture. As the Supreme Court ruled on Thursday, he was wrong on the constitutionality of the free-speech-stifling McCain-Feingold campaign finance regulations. He was wrong to side with the junk-science global warming activists in pushing onerous carbon caps on America. He was on the wrong side of every Chicken Little-driven bailout. He was wrong in opposing enhanced CIA interrogation methods that have saved countless American lives and averted jihadi plots. And he was spectacularly wrong in teaming with the open-borders lobby to push a dangerous illegal alien amnesty.

Tea Party activists are rightly outraged by Sarah Palin’s decision to campaign for McCain, whose entrenched incumbency and progressive views are anathema to the movement. At least she has an excuse: She’s caught between a loyalty rock and a partisan hard place. The conservative base has no such obligations – and it is imperative that they get in the game (as they did in Massachusetts) before it’s too late. The movement to restore limited government in Washington has come too far, against all odds, to succumb to McCain Regression Syndrome now.

Go here to read the rest.

Remembering Some Who Endorsed Obama in 2008

Just making my list, and checking it often.

Ken Adelman

Wick Allison, former publisher of National Review

Ann Althouse

Andrew J. Bacevich, Boston University

The Daily Bail

David Brooks, The New York Times

Christopher Buckley, National Review

Jimmy Buffett

Governor Arne Carlson

Senator Lincoln Chafee

Ken Duberstein

Julie Nixon Eisenhower

Susan Eisenhower

Charles Fried

Representative Wayne Gilchrist

C.C. Goldwater

Representative Ryan Grim

Merle Haggard

Governor Linwood Holton

Jeffrey Hart, National Review

Representative Joel Haugen

Rita Hauser

Larry Hunter

Douglas Kmiec

Representative Jim Leach

Scott McClellan

Scott McConnell, The American Conservative

Tim McGraw

John Mellencamp

Governor William Milliken

Peggy Noonan, The Wall Street Journal

Kathleen Parker

General Colin Powell

Senator Larry Pressler

Ron Reagan

J.K. Rowling

Bill Ruckelshaus

Andrew Tobias

Governor William Weld

"As They Say In The Glacier Business, Ice Work If You Can Get It"

It's only the morning after talking, but Mark Steyn makes us think Elmer Fudd pronounces "WTF" "WWF":

[T]he IPCC['s] Himalayan claims rest on a 2005 World Wildlife Fund report called “An Overview of Glaciers.”

WWF? Aren’t they something to do with pandas and the Duke of Edinburgh? True. But they wouldn’t be saying this stuff if they hadn’t got the science nailed down, would they? The WWF report relies on an article published in the New Scientist in 1999 by Fred Pearce.

That’s it? One article from 12 years ago in a pop-science mag? Oh, but don’t worry, back in 1999 Fred did a quickie telephone interview with a chap called Syed Hasnain of Jawaharlal Nehru University in Delhi. And this Syed Hasnain cove presumably knows a thing or two about glaciers.

Well, yes. But he now says he was just idly “speculating”; he didn’t do any research or anything like that.

But so what? His musings were wafted upwards through the New Scientist to the World Wildlife Fund to the IPCC to a global fait accompli: the glaciers are disappearing. Everyone knows that. You’re not a denier, are you? India’s environment minister, Jairam Ramesh, says there was not “an iota of scientific evidence” to support the 2035 claim. Yet that proved no obstacle to its progress through the alarmist establishment. Dr. Murari Lal, the “scientist” who included the 2035 glacier apocalypse in the IPCC report, told Britain’s Mail on Sunday that he knew it wasn’t based on “peer-reviewed science” but “we thought we should put it in”—for political reasons.

Go here for more.

It All Depends On What The Meaning of "Organized" Is

Hillary Clinton still thinks exactly like Bill Clinton.

At the national prayer breakfast:

"So she went to her church and she prayed for an end to the civil war. And she organized other women at her church, and then at other churches, then at the mosques. Soon thousands of women became a mass movement, rising up and praying for a peace, and working to bring it about that finally, finally ended the conflict."

And then just five paragraphs later, this:

"Yet across the world, we see organized religion standing in the way of faith, perverting love, undermining that message."

I smell a Wonderland called Feminism, Alice.

Nice Going, Governor Granholm: Michigan is Second Worst in the Western World!

(from econompicdata.blogspot.com)

Obama Twice Pronounces the "PS" in "Corpsman"

So far no one has dared to ax the smartest president ever about the mistake.

The Pyramids of John Maynard Keynes

Caroline Baum notices that President Obama's fiscal 2011 budget contains money for everything, it seems, except pyramid building:

No longer will President Barack Obama be content to cite specious numbers about “jobs saved or created” as a result of last year’s $787 billion fiscal stimulus. Now he’s proposing $100 billion of new spending to “jumpstart job creation,” according to White House Budget Director Peter Orszag. It’s part of a $3.8 trillion budget for fiscal 2011, unveiled Monday, that projects a $1.3 trillion deficit next year, following a $1.6 trillion deficit this year.

Spend money to save money. Spending dressed up as a jump- starter is still spending by another name.

The only thing missing from the energy-cleansing, rural- community-assisting, climate-change-mitigating, health-food- promoting blueprint is money for pyramid building. In Chapter 10, Section VI of “The General Theory of Employment, Interest, and Money,” John Maynard Keynes advocated building pyramids as a cure for unemployment.

In fact, “Two pyramids, two masses for the dead, are twice as good as one,” he wrote in his 1936 treatise.

The reason Obama avoids mentioning pyramid building, however, has to do with the fact that Obama has political power, whereas Keynes did not have political power and did not therefore feel constrained.

"What's that?" you say. "What does that have to do with it?"

Because of what Aristotle said:

It is also advantageous for a tyranny that all those who are under it should be oppressed with poverty, that they may not be able to compose a guard; and that, being employed in procuring their daily bread, they may have no leisure to conspire against their tyrants. The Pyramids of Egypt are a proof of this, and the votive edifices of the Cyposelidse, and the temple of Jupiter Olympus, built by the Pisistratidae, and the works of Polycrates at Samos; for all these produced one end, the keeping the people poor.

Obama wouldn't want to put any strange ideas in anyone's mind, now, would he?

The Kind of Regulation We Most Need

". . . Just as the men and women of finance are fallible, so are the men and women who populate Washington. Given the basic truth that private and public error will never be abolished, arguably the best regulation of all is the simplest one: Let them fail."

For more, go here.

Anti-Elitist Joke of the Day

What's the difference between a BMW and a porcupine?

On the porcupine the prick's on the outside.

"THE SINGLE MOST INEPT PRESIDENT...IN ALL OF AMERICAN HISTORY"

Ron Smith of The Baltimore Sun rips the president a new one in "We Do Get It, Mr. President; We Just Don't Like It":

Barack Obama seems to believe he has magical powers of persuasion. If true, how come fewer and fewer are persuaded? Is it that, as much of a smoothie as he is with words, he lacks passion? Perhaps, but the idea that his drooping poll figures and the Republican electoral wins in Massachusetts, Virginia and New Jersey are the result of an epidemic of misunderstanding is ludicrous on its face. We understand what he and Nancy Pelosi and Harry Reid want, and we're opposed to it. We know the present health care system is heading for a financial crack-up, but we also know that the proposed cure that was cobbled together in an untidy, indecipherable monstrous piece of pork-ridden, bribe-filled legislation would make things worse, not better. We get it. We just don't like it. ...

Earlier in the week, I talked with David Michael Green, a devout "progressive" who teaches political science at Hofstra University in New York. He has written a powerful polemic, "How to Squander the Presidency in One Year," in which he says, "There's only one political party in the entire world that is so inept, cowardly and bungling that it could manage to simultaneously lick the boots of Wall Street bankers and then get blamed by the voters for being flaming revolutionary socialists.

"Barack Obama has now, in just a year's time, become the single most inept president perhaps in all of American history, and certainly in my lifetime," Mr. Green said, adding that "Never has so much political advantage been [squandered] so rapidly, and what's more in the context of so much national urgency and crisis. It's astonishing, really, to contemplate how much has been lost in a single year."

The parts I left out are pretty good too, at the link.

Our Rights are Presumed, not Granted

If they are the sort of things which can be granted, permitted, dispensed, or won, then they can also be rescinded, forbidden, withheld and lost. But they are, on the contrary, natural and pre-existing, and therefore inalienable, as in "From my cold dead fingers!"

I say popular confusion about this in our time is all Lee Greenwood's fault, at least since 1984:

And I’m proud to be an American,

where at least I know I’m free.

And I wont forget the men who died,

who gave that right to me.

Nobody "gave that right" to freedom, or to anything else, to anyone. Everyone already has "that right." It is granted by God, or Nature's God if you prefer, by virtue of His will that one exists.

On this subject Thomas Mitchell offers "A Few Reminders for the Constitutionally Challenged," which appeared here and which was the original occasion of this post, which is now kind of an irony because Mitchell's post opens with the words of James Madison: "The right of freely examining public characters and measures, and of free communication among the people thereon has ever been justly deemed the only effectual guardian of every other right."

Why irony? Because as I edit this post today, July 24, 2010, The Las Vegas Review Journal is in the news at wired.com for hiring a lawyer to go after bloggers like me for copyright infringement for reproducing their articles on their blogs.

While we really like Mitchell's idea that The Bill of Rights should be renamed The Bill of Prohibitions, here's a reminder of a little something that predates the current copyright law, Mr. James Madison and the Bill of Rights:

Woe unto you, scribes and Pharisees, hypocrites! for ye are like unto whited sepulchres, which indeed appear beautiful outward, but are within full of dead [men's] bones, and of all uncleanness.

Try copyrighting that.