Wednesday, September 28, 2011

Hallmark's New Unemployment Cards Are Flying Off The Shelves in Dallas

So, what does that tell you about Texas, Governor?

Story here.

High Tariffs Allowed Domestic Producers To Get Really Rich Off Captive Consumers

So says John Steele Gordon, who provides a short history of taxation for The Wall Street Journal, here:

After the Civil War, nearly all the wartime taxes—including the nation's first income tax—were repealed and the federal government relied mostly on the tariff for revenues. It provided the government with more than ample peacetime income. In 1882, the government had revenues of $403 million, but expenses were only $257 million, a staggering budget surplus of nearly 36%. The reason the tariff was so high was, ostensibly, to protect America's burgeoning industries from foreign competition.

Of course, the owners of those burgeoning industries—i.e., the rich—were greatly helped by the protection, which enabled them to charge higher prices and make greater profits than if they had had to face unbridled foreign competition.

But the tariff is a consumption tax, which is simply added to the price of the goods sold. And consumption taxes are inherently regressive.

Which ought to get more attention on the right when one considers that liberals like Paul Krugman, Nancy Pelosi and Barack Obama and so-called conservatives like Herman Cain, Rick Perry and Mitt Romney all seem to like consumption taxes in one form or another.

The move would raise more revenues off the rank and file, and preserve the fortunes of the rich, which is why so many politicians support them. The better to eat you with, my dear.


FORD = Fascist Obama Reelection Debacle

FORD Wimps Out Again, Pulls Anti-Bailout Ad After White House Intimidation

And Daniel Howes for The Detroit News sums it up this way, here:


Ford supported the bailouts before Congress, in public statements and still does today, despite the recurring snarkiness you hear around its offices in Dearborn that it "didn't take the money."

No, it didn't. But Ford did seek a line of credit from the feds, borrowed billions under a government program to "retool" its plants and effectively failed first. That's why it recruited a superstar CEO from Boeing Co. and gave him some $23 billion in borrowed money to save the Blue Oval from bankruptcy.

Or it would have taken the money, too.

Peter Orszag Comes Out For Less Democracy


But like everything else about liberalism, you'll have to pay just for the privilege of reading why.

Tuesday, September 27, 2011

Wolfgang Schauble Calls Tim Geithner's EFSF Leverage Idea STUPID!

It's about time someone did.

Ambrose Evans-Pritchard has the quotation from the German finance minister, here:

"I don't understand how anyone in the European Commission can have such a stupid idea. The result would be to endanger the AAA sovereign debt ratings of other member states. It makes no sense," he said.

Female Dem. Gov. of NC Gets Hysterical Over Growing Tea Party Power

As reported here:

I think we ought to suspend, perhaps, elections for Congress for two years and just tell them we won't hold it against them, whatever decisions they make, to just let them help this country recover. I really hope that someone can agree with me on that.

She calls herself Bev Perdue.

This is obviously a desperate ploy to short-circuit Tea Party anger and get it to go away out of sheer fatigue and get it accustomed to the idea of the increased power of the state under Obama. The outcome would be two more years of the status quo, with a divided Congress doing nothing because that's the way Sen. Harry Reid wants it.

What's next? Suspension of presidential elections? 

This is a small depression by comparison with historical depressions, but a woman governor of a southern state completely loses her mind and calls for a blatantly unconstitutional recourse to tyranny to get us over it.

Did FDR propose such a measure under far worse circumstances?

If ever there were an argument to deny the vote, and the right to serve in office, to women, this is it.

No more Sarah Palins. No more Michele Bachmanns. No more Hillary Clintons. No more Debbie Blabbermouth Schultzs. No more Nancy Pelosis. No more Laura Ingrahams. No more Tammy Bruces. No more Barbara Boxofrocks. No more Jennifer Granholms.

No more . . . Ann Coulters.

Radiation Hotspots South of Iitate Japan in Namie Range from 11-20 Microsieverts/Hr

Measurements in Iitate, Japan, are much lower by comparison at 2.6 microsieverts per hour, but are still far above normal of 0.11 per hour.

Libertarians WANT a Revolution, Real Conservatives are Trying to Prevent One

Rep. Ron Paul is at it again, here:

"The country is ripe for a true revolution".

If Republicans know what's good for them, they'll purge these cranks from the party.

Bing-Bing-Bing! Ricochet S&P!

Monday, September 26, 2011

The Incident at Fukushima Six Months Later

Bloomberg.com has a very affecting story about the aftermath of the earthquakes, tsunami, and nuclear meltdowns at Fukushima.

A brief excerpt:

The area’s [Minami Soma's] biggest festival, Soma Noma Oi, a re-enactment of samurai battles, attracted 200,000 visitors last year. This year 37,000 came. Of the 300 horses typically used in the event, 100 were drowned in the tsunami and another 100 were evacuated due to radiation.

Read all of it here.

Rep. Maxine Waters Gets A Little Upset With Uncle Tom Obama

For saying this, as reported here:

“[T]ake off your bedroom slippers, put on your marching shoes. Shake it off. Stop complaining, stop grumbling, stop crying. We are going to press on. We’ve got work to do, CBC.”

Video of Maxine here:

"I don't know who he was talking to because we're certainly not complaining," Rep. Maxine Waters (D-CA) said on CBS' "Early Show" in response to President Obama telling blacks to stop complaining.

"I found that language a bit curious because the president spoke to the Hispanic Caucus, and certainly they're pushing him on immigration... he certainly didn't tell them to stop complaining," she said. "And he would never say that to the gay and lesbian community, who really pushed him on Don't Ask, Don't Tell."

The Cure for Drowning Victims: Ye Olde Smoke Enema




















Particularly effective in cases of drowning in debt.

Sunday, September 25, 2011

France Blows Smoke Up The World's Ass: French Banks Have No Toxic Assets!

HaHaHaHaHa!

That's the lie of the decade, at the very least, betrayed by just one phrase: loans to Greece Italy.

From Bloomberg.com here:

Noyer, who is France’s chief financial regulator, dismissed reports that foreign companies such as Siemens AG (SIE) have withdrawn an unspecified amount of short-term deposits from Societe Generale, saying he’s confident in the health of France’s lenders.

“It’s a bit of a nonsense to look after every move from one bank to another,” he said. “I’m extremely confident” in French banks because “we know them very well. We know their balance sheets, their risk assessments. We know they have no toxic assets.”

Yes, well, I'll bet he also knows madam, and uses protection.

It's a bit of nonsense alright. Kind of interferes with the rhythm of the good life, which is about to come crashing down around your ears.

Siemens withdrew 500 million euros from a French bank it judged unsafe and placed it on deposit with the European Central Bank, according to widely circulated reports.

But of course that's just the old Germany vs. France thing, right?

What are the French going to say when Deutsche Bank comes crashing down with Soc Gen? And Bank of America, too?

C'est la vie?

U.G.L.Y. You ain't got no alibi, you ugly!

Interest Expense on the National Debt Outstanding

Per the US Treasury, here:






















Fiscal year 2011 will top $434 billion.

Radiation Readings 3km from Fukushima Plant as High as 68 Microsieverts/Hr on 9/22/11

As reported here:

Latest Fukushima Map Shows Four Radiation Hotspots NW of Nuke Plants

As shown on today's map from mext.go.jp/ here, air measurements continue to show values from 15 to 31 microsieverts per hour northwest of the crippled nuclear plants on the coast at four locations beyond the 20 km evacuation zone:


















For comparison, note that Iitate, Japan, continues to post values quite a bit lower in the vicinity of 2.6 microsieverts per hour, but that normal values should be more like 0.11 in all areas.

Fukushima International Association Stops Reporting Iitate Radiation Figures

The air measurement of radiation in Iitate, Japan, which remains stubbornly high compared to other areas at 2.59 microsieverts per hour, was routinely published here at the English version of the Association's website through September 9, 2011:










As of September 10th, Iitate has been de-listed from the report, along with three other reporting points:

Rush Limbaugh Slams Obama's 'Peace is Hard,' Forgets Bush's 2004 'Hard Work' Remarks

"We don't elect presidents expecting them to tell us how damn hard the job is." 

-- Rush Limbaugh, Thursday, September 22, 2011, reacting to Obama's comments to the UN that Mideast peace is hard.

I guess Rush doesn't remember these lines from George W. Bush from the first 2004 presidential debate with Senator John Kerry:

"In Iraq, no doubt about it, it's tough. It's hard work. It's incredibly hard.

"I understand the serious consequences of committing our troops into harm's way. It's the hardest decision a president makes.

"There's a lot of good people working hard.

"I work with Director Mueller of the FBI; comes in my office when I'm in Washington every morning, talking about how to protect us. There's a lot of really good people working hard to do so. It's hard work.

"And now we're fighting them now. And it's hard work. I understand how hard it is. I get the casualty reports every day. I see on the TV screens how hard it is. But it's necessary work. And I'm optimistic. See, I think you can be realistic and optimistic at the same time. I'm optimistic we'll achieve -- I know we won't achieve if we send mixed signals. I know we're not going to achieve our objective if we send mixed signals to our troops, our friends, the Iraqi citizens. We've got a plan in place. The plan says there will be elections in January, and there will be. The plan says we'll train Iraqi soldiers so they can do the hard work, and we are. And it's not only just America, but NATO is now helping, Jordan's helping train police, UAE is helping train police. We've allocated $7 billion over the next months for reconstruction efforts. And we're making progress there. And our alliance is strong. And as I just told you, there's going to be a summit of the Arab nations. Japan will be hosting a summit. We're making progress. It is hard work. It is hard work to go from a tyranny to a democracy. It's hard work to go from a place where people get their hands cut off, or executed, to a place where people are free. But it's necessary work. And a free Iraq is going to make this world a more peaceful place.

"You know, every life is precious. Every life matters. You know, my hardest -- the hardest part of the job is to know that I committed the troops in harm's way and then do the best I can to provide comfort for the loved ones who lost a son or a daughter or a husband or wife. You know, I think about Missy Johnson. She's a fantastic lady I met in Charlotte, North Carolina. She and her son Bryan, they came to see me. Her husband PJ got killed. He'd been in Afghanistan, went to Iraq. You know, it's hard work to try to love her as best as I can, knowing full well that the decision I made caused her loved one to be in harm's way.

"There are 100,000 troops trained, police, guard, special units, border patrol. There's going to be 125,000 trained by the end of this year. Yes, we're getting the job done. It's hard work. Everybody knows it's hard work, because there's a determined enemy that's trying to defeat us.

"I understand how hard it is to commit troops. Never wanted to commit troops. When I was running -- when we had the debate in 2000, never dreamt I'd be doing that.

"We've done a lot of hard work together over the last three and a half years. We've been challenged, and we've risen to those challenges. We've climbed the mighty mountain. I see the valley below, and it's a valley of peace."

Wasn't George W. Bush re-elected shortly after these debate remarks?

Feds Drop Short-Barreled Rifle Charge Against Hutaree Member

As reported here:

Federal prosecutors have dismissed a gun charge against Hutaree militia member David Brian Stone Jr. Prosecutors filed a motion Friday in federal court in Detroit that says "the ends of justice would best be served by this dismissal." It does not elaborate.

The charge alleged Stone Jr., who is the adopted son of Hutaree leader David Brian Stone, had a short-barreled rifle that wasn't registered.

"The ends of justice would best be served . . .."?

Uh huh.

If the Feds had a case you can bet they would have tried to make it.

They didn't have one. 

Saturday, September 24, 2011

Smartest President Ever Says We Built The Intercontinental Railroad

Ah, that would be transcontinental.

Andrew Malcolm for The LA Times, here:

"We’re the country that built the Intercontinental Railroad," Barack Obama.

That's what the president of the United States flat-out said Thursday during what was supposed to be a photo op to sell his jobs plan next to an allegedly deteriorating highway bridge.

A railroad between continents? A railroad from, say, New York City all the way across the Atlantic to France? Now, THAT would be a bridge!

It's yet another humorous gaffe by the Harvard graduate, overlooked by most media for whatever reason. Like Obama saying Abraham-Come-Lately Lincoln was the founder of the Republican Party. Or Navy corpseman. Or the Austrian language. Fifty-seven states. The president of Canada. Etc.


"[Obama's] probably the smartest guy ever to become president."














(Michael Beschloss, Harvard MBA, presidential historian, interviewed on Don Imus in November 2008, transcript and appropriate commentary mockery here.)

No wonder Obama keeps his college transcripts sealed.

"How does a bad student go to Columbia and then to Harvard?"