Ann Coulter's Wrong Again: Obama's Dope-Induced Paranoia Makes Him Successful At Least At One Thing

Successful only at spying . . . because he's paranoid.

Spying.

For this I'll lift my ban on quoting Ann Coulter:

"Potheads are incapable of following simple instructions and getting a job done," Ann Coulter said on Wednesday's broadcast of Piers Morgan Live on CNN. "You can't get anything done with a pothead...I'm going to be paying for their food, housing, now for their health care apparently, because they can't perform any useful jobs."

It's 2014 But The Economy Is Falling Apart

Jeffrey Snider, here:

As much as these specialists of economic canon project their abilities as something like science, the reduction of economic benchmarks for success shows that it is nothing more than ideology, more closely operating as religion than science. Science is observation, leading to predictable and replicable results. Everything about the past five years is the opposite for the orthodox economist. Everything about the Panic of 2008 was as well - there was no predictability nor replicability in any of the orthodox models or theories. It is all blind faith.

The economy is falling apart, not recovering as you hear from every mainstream outlet. It is a false narrative given cover by the fact that the very definition of recovery has been altered into something that only a few years ago would be easily recognizable as dire malfunction. Even in the highly adjusted statistical economic accounts that show as such are now couched as if they are representative of the opposite, as their meaning has been subverted by this ideology. And where measures of economic accounts clearly diverge from that narrative, such as the labor force participation and the more recent decline in the labor force itself, it is ignored as irrelevant to the heroic monetary chronicle.

Wisconsin's Governor Walker Says Surplus Is Taxpayers' Money, Michigan Governor Snyder ... Not So Much

Reported here on January 17th:

Wisconsin's budget surplus was projected Thursday to reach nearly $1 billion, money that Gov. Scott Walker and Republican legislative leaders are eyeing for income and property tax cuts. ...

"The additional revenue should be returned to taxpayers because it's their money, and my administration will work with the Legislature to determine the most prudent course of action," Walker said in a statement.

Reported here on January 10th:

Michigan Gov. Rick Snyder and state lawmakers are looking at $971 million in new one-time and ongoing revenue as they begin work on the next fiscal budget, setting the stage for a debate over possible tax cuts, rebates and new investments. ...

Michigan House Republicans on Tuesday unveiled an updated action plan that emphasized tax relief for residents. Gov. Rick Snyder has also signaled he is open to the idea but has stressed the need for long-term planning rather than knee-jerk cuts.

The Last Market Crash Was Preceded By 11 Months Of Corrections And Complacency, More Complacency And Then Fear

From the October 12, 2007 S&P500 high of 1561.80, the market corrected over a period of 11 months to 1255.07 on September 19, 2008, down 306.73 or 19.6%, just shy of bear territory.

Did we believe it would continue lower? No.

Then over the next 5.5 months the market crashed another 45.6%, 571.69 points, to 683.38 on March 6, 2009 (and fully 28% in less than a month between September 19th and October 10th, 2008).

The total decline was 878.42 points, or 56.2%, and took 16.5 long months to unfold.

After all that did we believe it had bottomed? No, in large part because by Thanksgiving 2008 the carnage seemed to be over, but it wasn't: From 800.03 on November 21 the market went on to lose another 14.6% over the next 3.5 months. At that point it was very hard to believe it was over.

The three dead cat bounces on October 31st at 968.75, January 2nd at 931.80 and February 6th at 868.60 tortured the hopeful all the way down.

Contempt For The Middle Class Was Standard Communist Fare In The 1920s, But Noemie Emery Never Mentions It

Here, in "Obama's polls fall as middle class gets his number":

Fred Siegel of the Manhattan Institute, whose latest book, The Revolt Against The Masses: How Liberalism Has Undermined the Middle Class, explains all you wanted to know about Obama, and much else. ... Siegel points to an alternative point of dissension: a contempt for the middle class, for commerce, and thus for most of the American culture, that predated the New Deal by more than a decade, and poisons our waters today. From this angle, the road to perdition (and/or Obama) was paved around 1920, when the best and the brightest, depressed by the Great War and the funk that came after, decided all was not well in the world and the nation, and the great middle class was to blame.

The progressives of the 1920s drank deeply from the well of Marxist disdain for the middle class and drew inspiration from it, for example from the likes of Bela Kun writing in Pravda, May 4, 1918, here, in "Marx and the Middle Classes":

“The internal enemy” of the proletarian Russian Revolution is constituted first and foremost by the lower middle classes. ... [T]hough the representatives of various shades of lower middle-class Socialism are constantly referring to Marx, in reality there is no greater sacrilege than this. ... The lower middle-class is not fit to wield power, and a long government by it is unthinkable. ... [T]he lower middle-class masses are the most dangerous enemies of the dictatorship of the proletariat. ... [T]he lower middle class attitude — attachment to the idea of private property, more or less open striving to uphold credit, terror of every fundamental social disturbance — is in practice the greatest internal enemy of the proletariat and the proletarian revolution.

Given Obama's early and deep appreciation of Marxism through the influence of people like Frank Marshall Davis, the pussy-footing around of people like Noemie Emery has gotten more than a little annoying at this late stage of the game. Obama is nothing more than a Trojan Horse trying to bring this communist vision into the present disguised as helping the middle class when what he really wants to do is wipe it out. He's off to a good start.

The black Florida Republican recently investigated by the Secret Service for suggesting Obama should be arrested, tried and hung as a traitor may be more right than he knows.

Commenters At Libertarian National Center For Policy Analysis Sure Do Hate The Baby Boomers And Their Houses

See the comments to this story at the website of the organization run by frequent Forbes contributor John Goodman.

Libertarian Free-Trader Immigration Amnesty Supporter Stephen Moore Moves To Heritage From The Wall Street Journal

Demented Jim DeMint makes good on his promise to make overtures to the libertarian movement by making Stephen Moore of Club for Growth fame its chief economist.

Story here.

Central England Temperatures In 2013 107th Warmest Going Back . . . 354 Years!

2013 just barely made it into the top third of the warmest years in the last 354. Hey, it beats 118th, the piker.

As reported here:

"Last year was also the 107th warmest on the full CET record, going back to 1659, tying with 1900."

"The longest instrumental temperature record" in existence (here).

Gee, how come 1900 was so similarly warm without all those contributing human factors we have today? NASA claims it was the 7th warmest year since 1850.

Flashback 9/12/12: Obama Lumped-In "Acts Of Terror" In General With The "Brutal Acts" Of The Benghazi Attack

Mitt Romney famously overlooked the phrase "acts of terror" from President Obama's Rose Garden remarks the day after the Benghazi attack during the second presidential debate of 2012: "You said in the Rose Garden the day after the attack, it was an act of terror. It was not a spontaneous demonstration, is that what you're saying?"

It came up again here recently discussing a new documentary about Mitt Romney's campaign:

"How bad was it?" asked one Romney family member in the green room immediately after the debate, but before Romney himself had returned.

"It wasn't good," said another.

"Who briefed him on [Benghazi]?" one of the sons asked. "Someone got it wrong."

Of course, the video of the president's remarks in the Rose Garden shows that the "acts of terror" statement was simply the obligatory cya type of generalization he had to make in a situation like that. The whole tenor of the ensuing weeks' comments from the regime blaming Benghazi on an anti-Muhammad video was set at the outset of the president's Rose Garden remarks when he stated rather abruptly and intrusively without mentioning that video: "We reject all efforts to denigrate the religious beliefs of others." The attempt to shape the event in that way looks increasingly like a diversion in light of the number of CIA on the ground in Benghazi revealed last summer and the military's ignorance of the annex just recently revealed in the Senate's report on the incident. Unfortunately for Mitt Romney, those things came out way too far after the election to do him any good. Something obviously still stinks in Benghazi.

“No acts of terror will ever shake the resolve of this great nation, alter that character, or eclipse the light of the values that we stand for.”

(at about 4:18, here)

"Feminists are the main reason why we have broken families, high divorce rate, illegitimacy"

Phyllis Schlafly, quoted here:

Radical feminists, Schlafly said, still think men are the enemy, but the feminists, she contended, are “the main reason why we have broken families, high divorce rate, illegitimacy.”

“I think the feminists have been responsible for destroying the family,” she said. “They are the biggest enemy of the family.”

Is Obama's Interminable Recourse To Racism Charges Marijuana-Induced Paranoia?

Obama recently blamed the sudden drop in his popularity on racism in the country, a surprisingly paranoid response from someone who has won two national elections rather decisively.

Maybe he's still smoking more than cigarettes in the White House (on the night of Benghazi, perhaps?):

Christian Thurstone, a professor of psychiatry at the University of Colorado and the head of the teen rehab center Adolescent STEP: Substance Abuse Treatment Education & Prevention Program, told ABC News recently that 95 percent of patient referrals to the program are for marijuana use.

“Anecdotally, yes, we’re seeing kids in treatment here who have paranoia and seeing things and hearing things that aren’t there,” said Thurstone. “Adolescent exposure to marijuana [raises] risk of permanent psychosis in adulthood.”

For more from this story, go here.

Nat Hentoff Says Obama Wasn't Fully Qualified To Teach Constitutional Law At The University of Chicago

Here, but that's just for starters:

Hentoff called this the worst state the country has ever been in, “Even worse than Woodrow Wilson’s regime, when people could be arrested for speaking German.” Compounding the problem he says, is the digital age, which has allowed the president to engage in unprecedented domestic spying with the apparatus of the National Security Agency. WND asked if Obama really posed such a threat, considering he was a professor of constitutional law. “People forget, he taught a course that he was not fully qualified to teach. But nobody seemed to care,” Hentoff observed.

He also pointed out that Obama was the only editor of the Harvard Law Review to never publish an article, something that went virtually unnoticed when voters considered his qualifications. “See, that was a case of affirmative-action and people feeling, ‘Hey we ought to do something important, symbolically, and here’s a black guy, and he’s articulate, so we’re gonna do this.’”

Hentoff mentioned that former U.S. Supreme Court Justice William O. Douglas, the man Time Magazine once called “the most doctrinaire and committed civil libertarian ever to sit on the court,” once personally lectured him that “Affirmative-action on a racial basis is a total violation of the 14th Amendment, no doubt about it.” And, referring to Obama’s presidency, the journalist said, “That’s what that kind of affirmative-action did for us.”

He told WND that he firmly believed the president does not care about due process, the separation of powers, the concept of a self-governing republic or many other basic American ideals. And that’s why, he said, “What Obama is doing now is about as un-American as you can get.” Hentoff wanted to make sure no one thought he was engaging in hyperbole. He said it was literally true that Obama is “the most un-American president we’ve ever had.” And just to make sure everybody heard him, he added, “I hope the FBI got all of that.”

Obama thinks he has achievements, which must mean he is suffering a psychosis

From the long story in The New Yorker, here, by image-accommodating biographer David Remnick:

As Obama ticked off a list of first-term achievements—the economic rescue, the forty-four straight months of job growth, a reduction in carbon emissions, a spike in clean-energy technology—he seemed efficient but contained, running at three-quarters speed, like an athlete playing a midseason road game of modest consequence; he was performing just hard enough to leave a decent impression, get paid, and avoid injury.

--------------------------------------------------------------------

Let's see.

Starting with the economic rescue, Obama said at the time in early 2009 that he had more than enough on his plate without having to worry about the financial crisis.

So who fixed that?

Ben Bernanke and the Federal Reserve. While everyone was fixated on the controversy over TARP and the crony capitalist, fascist character of that bailout in the mere hundreds of billions of dollars as millions of Americans were losing their homes, behind the scenes the Fed was providing multiple trillions of dollars of short-term loans to just about any bank or business in the world which was in trouble, at rock-bottom low interest rates which homeowners could only dream about, right into 2010. They all got fixed while 5.6 million Americans went on to lose their homes through 2013.

And what did Obama do in response to that?

Disgracefully fire Bernanke in public by saying he'd overstayed his time at the Fed, but that came only long after everything looked like it was truly stabilized. And I do mean "looked". The fact of the matter is extraordinary measures remain in place at the Fed because the banks' condition is still not healthy enough to do without them. When those end, the crisis will be truly over, not before. The rescue is still underway, with no end in sight.

Then there's the 44 months of job growth claim. Well, the truth is we are in the 72nd month of the jobs recession as we speak today, the longest jobs recession in the history of the post-war by a long shot. Bush's had been the longest previously, at 47 months. And it is estimated that the current jobs recession will not be over for another 6 months, which means we'll finally have matched the number of payroll jobs which existed at the time the recession began, but only after about 6.5 years have gone by.

But that says nothing about a return to normalcy. Include the shortfall which exists in the numbers because of net population growth over the period and the country will still be in a serious jobs deficit once the jobs recession is over, and for a long time to come without some major driver for jobs appearing on the scene.

Finally, I'm not sure how anyone measures a reduction in carbon emissions when China keeps them billowing into the air at a record rate, burning coal and oil in huge quantities. Obama can point to the closing down of coal power plants in this country if he wants, but all that does is make American electricity more expensive as China's waves of pollution waft ever eastward over the Pacific, polluting our air, water and farmland.

But if anyone's contributing to the reduction in carbon emissions in this country, it's the American worker who isn't working. Travel on the road in this country has been stuck at levels first reached between 2004 and 2005 for five long years because so many people no longer have a job to which to commute. Every month that goes by shows the same statistical result: no progress in miles traveled back to the levels of the 2007 peak. It's an odd thing to be taking credit for.

If it is clear from these facts that Obama is delusional and lives in a separate reality, it is also clear from Remnick's story that Obama has to work hard at crafting it, even about what is probably at the heart of his mental problems in the first place: 

When I asked Obama about another area of shifting public opinion—the legalization of marijuana—he seemed even less eager to evolve with any dispatch and get in front of the issue. “As has been well documented, I smoked pot as a kid, and I view it as a bad habit and a vice, not very different from the cigarettes that I smoked as a young person up through a big chunk of my adult life. I don’t think it is more dangerous than alcohol.”

Is it less dangerous? I asked.

Obama leaned back and let a moment go by. That’s one of his moves. When he is interviewed, particularly for print, he has the habit of slowing himself down, and the result is a spool of cautious lucidity. He speaks in paragraphs and with moments of revision. Sometimes he will stop in the middle of a sentence and say, “Scratch that,” or, “I think the grammar was all screwed up in that sentence, so let me start again.”

Why does the smartest president ever have to edit everything, all the time, until it makes sense to him?

Who do you call to have the president committed?

Like Obama, It Turns Out Texas' Abortion Champion Wendy Davis Hasn't Told The Whole Truth

The Dallas Morning News here has some of the details she "blurred":

Davis was 21, not 19, when she was divorced. She lived only a few months in the family mobile home while separated from her husband before moving into an apartment with her daughter.

A single mother working two jobs, she met Jeff Davis, a lawyer 13 years older than her, married him and had a second daughter. He paid for her last two years at Texas Christian University and her time at Harvard Law School, and kept their two daughters while she was in Boston. When they divorced in 2005, he was granted parental custody, and the girls stayed with him. Wendy Davis was directed to pay child support.

In an extensive interview last week, Davis acknowledged some chronological errors and incomplete details in what she and her aides have said about her life. ...

Davis defended the accuracy of her overall account as a young single mother who escaped poverty, earned an education and built a successful legal and political career through hard work and determination. ...

“I had a baby. I got divorced by the time I was 19 years old,” she testified in a recent federal lawsuit over redistricting. “After I got divorced, I lived in a mobile home park in southeast Fort Worth.” ...

Jeff Davis said ... around the time the final payment on their Harvard Law School loan was due. “It was ironic,” he said. “I made the last payment, and it was the next day she left.”

Hey Obama! Your Popularity Is Down Because You're A Liar, Not Because You're Black!

Refinery Capacity Utilization Is Down Almost 7% From The 1998 Peak Through 2012

US Gasoline Consumption Is Down 6.5% Through 2012 From The Peak Year In 2007

Obama Exports 2.5 Times More Gasoline Per Day Than Bush, But Consumers Now Pay 1.5 Times More

Over the span of eight years of George Bush finished gasoline exports from the US averaged just 135,000 barrels per day. But over the first four years of Obama the average soared to nearly 345,000 per day, 2.5 times more.

Under Bush gasoline's average annual price for all formulations was just $2.13/gallon, but under Obama it has soared to $3.16/gallon for the five years 2009 through 2013, 1.5 times higher on average.

So who's the bigger friend of Big Oil, George Bush or Barack Obama?

Tom Coburn Is Mistaken: He Thinks Changing The Actors In Washington Will Change It

It won't.

This is the conceit shared by many Republicans, and by many of their supporters in the country, but it is mistaken.

We have the government we deserve, and it sucks because we do, and it will keep on sucking until we stop sucking as much as we do.

And what do you think are the chances of that changing?

Video here.

Both Shiller p/e and Tobin's q warn stocks are seriously overvalued

As reported by Brett Arends, here:

Smithers found that over the past century the Shiller PE had an R-squared to subsequent returns of 0.52, the “Pseudo-Indicator” one of 0.61, and the q an astounding 0.79.

So if the past is any guide, if you want to get a good estimate of the future returns from today’s stock market you should completely ignore the low yields on cash, certificates of deposit, or bonds. You should pay more attention to the Shiller PE, and you should pay the most attention to the Tobin’s q.

And what do these tell you? “As at the 31st December, 2013,” says Smithers, the “q indicated that U.S. non-financial equities were overvalued by 73% and CAPE indicated an overvaluation of 76% for equities, including financials.”