Michael Moore: Another Leftist Threatening Violence

As reported here:

"The smart rich know they can only build the gate so high. And, and, sooner or later history proves that people when they've had enough aren’t going to take it anymore. And much better to deal with it nonviolently now, through the political system, than what could possibly happen in the future, which nobody wants to see," Michael Moore said on Current TV's "Countdown" program.

Moore was alluding to riots, which he was discussing with "Countdown" host Keith Olbermann prior to his comment to deal with things nonviolently now.

He should be arrested and prosecuted for conspiracy to commit mob action.

Fukushima Radiation Hysteria Lives on at Naked Capitalism and Washington's Blog

The latest example is here.

For a self-described moderate, Yves sure does showcase a lot of left-liberalism, conspiracy theory, anti-capitalism and fear-mongering.

I can't take her claim to moderation seriously. I think it's meant to deceive. She's obviously working for the other side, so much so that for her, even socialist Bernie Sanders is a Quisling.

Maybe she's a moderate communist: Who else would link to Gorbachev's NYT defense of Russia's war in South Ossetia?

So, You Think You Should Buy On This Dip?

The Shiller S and P price to earnings ratio stands tonight at 19.42, as here, still way above the historic middling 16.

I can remember people calling it the buying opportunity of a lifetime, at around 15, in March 2009. Why isn't this the selling opportunity of a lifetime?

The S and P is down over 10 percent year to date, down less than one-half of one percent in the last 12 months when QE II got underway, and down 14 percent in the last five years despite QE I and II. Not counting (negligible) inflation on the negative side, nor (declining) dividends on the positive side.

Since 1881 opportunities to sell around 20 outnumber opportunities to buy around 10, but not by much: the ratio is roughly 11 to 9, in my post-prandial bliss.

This is still a selling opportunity.

Steve Forbes: Shill for the Banks, Defends TARP and Suspension of Mark to Market Rules

And just to be consistent, recommends the same to Europe now, here.

Why, if government can conjure $7 trillion in money creation from $700 billion in TARP investments, why don't we just dispense with private capital altogether and let governments do this all the time?

Then people all over the world can enjoy perpetual unemployment while Steve and his clones get filthy stinking rich because they're first in line for the easy money.

Great idea, Steve! Until your precious banks implode under their own weight.

It can't happen soon enough. 

I Don't Like Felix Salmon's Chart. I Like My Chart.

His chart here makes it look like what's been going on since 1995 has been part of one relentless long term uptrend, the sanguine implication of which is that we should stop worrying if we are long term investors:

My chart shows that since the beginning of 1995 the trend supercharged into what people call, for lack of a better description, irrational exuberance, so named by Alan Greenspan himself at the end of 1996, whose own Federal Reserve management arguably makes him the very author of it:

You'd entirely miss that from Felix's chart.

There is no reason why stocks should be down today, as Felix says, except that from the long term perspective an S and P 500 index in the vicinity of 800 looks like a more fair valuation than 1200. The market has twice tried to tell us that, in 2002-2003 at the 775 level, and again in 2008-2009 at the 675 level.

It may be getting ready to tell us something similar again.

What say 575?

Libertarians Are Nuts: Transparent, Principled Representation Is Easily Stopped

Usually by a pair of tits or testicles, or ambition, greed or personal animus.

"Transparent, principled representation—supported by grassroots networks and promoted through social media—is becoming an unstoppable force," says a Republican libertarian would-be star in a fundraising letter.

That's pretty transparent all by itself. Dangle hope, and raise money. Reminds me of a certain prominent Democrat's recent campaign, which is bumping up against the unstoppable force of failure and its discontents.

Like all good ideologies, the libertarian one assumes people are essentially good and will do the right thing more often than not, if the politician but sets a good example and gives everyone all the information. A child of his age is this one, worshipping at the altar of Education, which the more one has, the better one is.

Why, one wonders why the founders bothered separating the powers of government at all, seeing how history teaches us how good men are.

"But what is government itself, but the greatest of all reflections on human nature? If men were angels, no government would be necessary. If angels were to govern men, neither external nor internal controls on government would be necessary. In framing a government which is to be administered by men over men, the great difficulty lies in this: you must first enable the government to control the governed; and in the next place oblige it to control itself. A dependence on the people is, no doubt, the primary control on the government; but experience has taught mankind the necessity of auxiliary precautions."

-- James Madison, Federalist No. 51

At least my libertarian has declined to run for the Senate. For now.

Having gone from daddy's business to one term in the state House and one term in the federal House, that would be just too obvious.

Besides, it takes millions to run for the Senate, and right now, the coffers are looking a little light for another House run in a redrawn district which will be more Democrat than before.

Which explains statements like this: "I always vote for the side that increases our personal and economic freedoms—regardless of party."

Tracking left, where the votes are, where he belongs.

Shared Sacrifice: Moochelle Sports New Diamond Jewelry

Where else? At a fundraiser!

As reported here:

Moochelle's New $42K Diamond Cuffs

Two Big Reasons I Support Rick Perry

Here.

Federal Reserve Says 'Let's Twist Again, Like We Did Last . . .1961'

In another effort to reduce longer term interest rates, those from six years to thirty, evidently aimed at the mortgage market, which remains in ICU.

Expect short term interest rates to increase as short term instruments are sold by the Fed and replaced with longer term bonds on the Fed balance sheet.

Complete coverage here at Bloomberg.com.

And just for fun, here's Chubby Checker:

My Congressman, Rep. Justin Amash, Is Way Out There.

At least he's in right field, sort of:

Story here.

It was reported on Monday here that Rep. Amash has endorsed Rep. Ron Paul for president.

I see that mycongressmanisnuts.org is still available.

How Many Gay Sailors Does It Take To Screw In A Light Bulb?

One. However, it takes a whole emergency room to get it out.

While Warren Buffett Wants To Raise Your Taxes, He's Been Fighting His Since 2002

So says The New York Post here:

Billionaire Warren Buffett says folks like him should have to pay more taxes -- but it turns out his firm, Berkshire Hathaway, hasn’t paid what it’s already owed for years. ...

[T]he company openly admits that it owes back taxes since as long ago as 2002.

“We anticipate that we will resolve all adjustments proposed by the US Internal Revenue Service (“IRS”) for the 2002 through 2004 tax years ... within the next 12 months,” the firm’s annual report says.

It also cites outstanding tax issues for 2005 through 2009. ...

Obama, and co-conspirators like Buffett, claim to want to slap only “millionaires and billionaires.” ...

Obama’s hikes on “millionaires and billionaires” actually start with folks earning as little as $200,000.

Buffett's annual report states he is fighting the IRS over $1 billion in unpaid taxes.

Obama's Lies on Taxes Obvious Even to the Associated Press

Today, in a fact-check piece by Stephen Ohlemacher :

President Barack Obama makes it sound as if there are millionaires all over America paying taxes at lower rates than their secretaries.

"Middle-class families shouldn't pay higher taxes than millionaires and billionaires," Obama said Monday. "That's pretty straightforward. It's hard to argue against that."

The data tell a different story. On average, the wealthiest people in America pay a lot more taxes than the middle class or the poor, according to private and government data. They pay at a higher rate, and as a group, they contribute a much larger share of the overall taxes collected by the federal government.

The rest summarizes all the data, here.

Sharp Uptick in ATM Crime Since June When Obama Blamed Tech. for Unemployment

Seen here:

"Hey #attackwatch, I saw 6 ATM's in an alley, killing a Job. It looked like a hate crime!" wrote @thorninaz.

Obama blamed technological efficiencies like ATMs for unemployment in June, as reported here:

On the June 14 edition of NBC's "Today," President Barack Obama ascribed part of the blame for the high unemployment rate to ATMs, yet most media outlets continue to ignore the gaffe.

"There are some structural issues with our economy where a lot of businesses have learned to become much more efficient with a lot fewer workers," lectured Obama in an interview with NBC's Ann Curry. "You see it when you go to a bank and you use an ATM, you don't go to a bank teller, or you go to the airport and you're using a kiosk instead of checking in at the gate."

Cash For Clunkers Was Extremely Successful

Seen here:

"hey #AttackWatch I heard the only good 'Cash For Clunkers' did was get all the obama stickers off the roads, thank you," tweeted @speedyjerry.

All, except for this one:

A paroled killer’s “Obama” bumper sticker was the break that helped cops nab the man accused of the cold-blooded murder of a Tedeschi’s convenience store clerk, jurors in Edward Corliss’ murder trial learned yesterday.

Nissan Maximas, of course, are not clunkers:

Please Send This To AttackWatch.com

Seriously:

Arrogant Prick

The Obama Jobs Bill 'Right Now' Farce

Jobs 'right now' had to wait for Obama's August vacation to conclude, and for over 2.5 years of his first, and hopefully last, term of office.

Then 'right now' got serious in the speech to Congress in early September, where he actually said 'right now' seven times.

News outlets reported Obama actually had a bill on paper to introduce on the day of the speech.

Obama waved around for the cameras over a hundred pages of something he claimed was the jobs bill.

But despite 'right now' a bill hasn't been introduced in the House, and now Democrats in the Senate expect to have a bill sometime in October, about a month from the fierce urgency of 'right now'.

Andrew Malcolm ridicules the whole thing here in The Los Angeles Times:

Well, here we are on the next Monday after that next Monday and we've just learned from the No. 2 Democrat in the Senate, Dick Durbin, that actually it seems that body won't really be seriously getting into the legislation for a while yet. The Senate has some other more important business to handle. And then there's this month's congressional vacation, which in Washington is called "a recess," like elementary school. 

Communist idlers.

Oh yeah. Great shot of Obama doing The Mussolini, too:

The blended strongman

Matt Latimer Doubts Obama is a Closet Muslim . . .

. . . and just about everything Joe McGinniss says about Sarah Palin in a new book, here.

When Matt starts doubting Obama is a secular humanist, then we're all in trouble.

Just for fun, here's a screen shot of the Fox News poll of 911 registered voters from late August showing 71 percent of Republicans don't want Sarah to run for president:

'Hubbert's Peak Is Still Not In Sight'

So says Daniel Yergin for The Wall Street Journal, here:

By 2010, U.S. oil production was 3.5 times higher than Hubbert had estimated: 5.5 million barrels per day versus Hubbert's 1971 estimate of no more than 1.5 million barrels per day.

Solyndra: A One Half Billion Dollar Microcosm of Obama's Crony Capitalism

Which rewards the takers, not the makers.

Read about it here, from James Pethokoukis:

"politicians enriching favored businesses, who then return the favor."