Miami Police Want Honeywell Spy Drone to Stare into Homes and Backyards

The story is reported by CBS Miami here:

Police admit the MAV, if flown low enough, has the ability to look into people’s home, but that is not its intended purpose.

For a description of the Honeywell (designed-for-the-military-backpack-able) Micro Air Vehicle, see here and here:

The story uses the word "scan," which is alarming and is reminiscent of the backscatter scanners being used at airports, but these MAVs are equipped with cameras only, as if that isn't bad enough. The technology isn't developed enough to make scanners this small (13 inches in diameter), but don't say you weren't warned when I'm telling you again that that's coming.

Largest Monthly Deficit in History, Senate Can't Agree to ANY Spending Cuts

So says The Washington Times, here:

The federal government posted its largest monthly deficit in history in February, a $223 billion shortfall that put a sharp point on the current fight on Capitol Hill about how deeply to cut this year’s spending. ...

The Senate plans to vote Tuesday on competing proposals to cut spending, but Democrats have rejected GOP-backed cuts of more than $50 billion, and Republicans have ruled out Democrats’ cuts of less than $10 billion, meaning neither plan will draw the 60 votes needed to overcome a filibuster and pass.

The country should consider that when established institutions become incapable of resolving problems of such great significance, history teaches that time and again they are replaced, sometimes violently and at the expense of life and liberty.

Only the effete would pay such a price for intransigence.

John Locke Believed in Neither Sodomy nor Same Sex Marriage

From the First Treatise of Government:

Be it then, as Sir Robert says, that anciently it was usual for men to sell and castrate their children, Observations, 155. Let it be, that they exposed them; add to it, if you please, for this is still greater power, that they begat them for their tables, to fat and eat them: if this proves a right to do so, we may, by the same argument, justify adultery, incest and sodomy, for there are examples of these too, both ancient and modern; sins, which I suppose have their principal aggravation from this, that they cross the main intention of nature, which willeth the increase of mankind, and the continuation of the species in the highest perfection, and the distinction of families, with the security of the marriage bed, as necessary thereunto.

"Their principal aggravation . . . that [adultery, incest and sodomy] cross the main intention of nature . . . with the security of the marriage bed, as necessary thereunto."

In other words, these sins are the enemies of marriage and the family.

Growing Ranks of Hidden Unemployed Explains Recent Drop in Unemployment

So says Alfred Tella, here:

Fully two-thirds of the 0.9 percentage point drop in the unemployment rate [from November 2010 through February 2011] was due to the decline in labor force participation. If the participation rate had behaved normally, the unemployment rate would have declined by only 0.3 point between November and February, to 9.5 percent last month [instead of 8.9].

He shows this has happened before, too, in 1950, 1958 and 1983.

Stealing Food From the Future Depends on Stealing its Water

After reading this important story from Charles Laurence for the UK Telegraph, you will understand the necessity of industrial scale farming and genetically modified seeds, except that even after all that, the water beneath the High Plains isn't coming back, 20 percent of the world's food supply will disappear, the Colorado River will be the West's last lifeline, and T. Boone Pickens aims to make a mint in the process.

Here's an excerpt:

[I]t was only in the 1940s, after the Dust Bowl (the result of a severe drought and excessive farming in the early 1930s), that the US Geological Survey worked out that the watering holes were clues to the Ogallala [Aquifer], now believed to be the world's largest body of fresh water. They were about to repeat the dreams of man from the days of Ancient Egypt and Judea to turn the desert green, only without the Nile or Jordan. With new technology the wells could reach the deepest water, and from the early 1950s the boom was on. Some of the descendants of Dust Bowl survivors became millionaire landowners.

'Since then,' says David Brauer of the US Agriculture Department agency, the Ogallala Research Service, 'we have drained enough water to half-fill Lake Erie of the Great Lakes.' Billions upon billions of gallons – or, as they prefer to measure it, acre-feet of water, each one equivalent to a football field flooded a foot deep – have been pumped. 'The problem,' he goes on, 'is that in a brief half-century we have drawn the Ogallala level down from an average of 240ft to about 80.'

Brauer's agency was set up in direct response to the Dust Bowl, with the brief of finding ways to make sure that the devastation never happens again. If it does, the impact on the world's food supply will be far greater. The irrigated Plains grow 20 per cent of American grain and corn (maize), and America's 'industrial' agriculture dominates international markets. A collapse of those markets would lead to starvation in Africa and anywhere else where a meal depends on cheap American exports. 'The Ogallala supply is going to run out and the Plains will become uneconomical to farm,' Brauer says. 'That is beyond reasonable argument. Our goal now is to engineer a soft landing. That's all we can do.'

Obamacare Waivers Climb 311 Since Jan. 26 to 1,040, New Website Obscures Data

From the new reporting site here:

As of the end of February 2011, a total of 1040 one-year waivers have been granted.  This update includes 126 new approvals.  Key facts about annual limits waivers:

Of all the waivers granted to date, the vast majority – more than 95 percent of all waivers – were granted to health plans that are employment-related.  These include self-insured employer health plans, health reimbursement arrangements, collectively-bargained multi-employer plans, and health plans sold by issuers to fully-insured employers.  The links below contain descriptions of these and other types of entities receiving waivers.

The number of waivers processed each month continues to decline.  After granting over 500 waivers in December (an increase related to the fact that December 1 was the final day to apply for a waiver for a plan or policy year that begins on January 1, as many plans do), HHS granted less than 200 waivers in January, and 126 in February.

The number of enrollees in plans with annual limits waivers is 2.62 million, representing less than 2 percent of all Americans who have private health insurance today.

The old site listed the waivers sequentially (here), with the cumulative total of persons affected clearly shown. Now you have to cull the data from no less than 7 separate links.

In less than three months we've gone from 222 waivers in December 2010 to 1,040 waivers in early March 2011, and from 1.5 million affected to 2.6 million.

So we're told the number of waivers processed is declining even though the total waivers granted continues to climb dramatically, and the new website makes the data more difficult to retrieve and entitles it "promoting transparency."

Up is down, wrong is right, night is day. Obama isn't a Bolshevik. He is not an ideologue. 

How Much Capital Backs Your Assets?

Spanish banks are scrambling to raise capital amid new rules upping the requirements for "solvency":

Under the new rules, [Spanish] savings banks must raise the proportion of core capital they hold to 8.0 percent of total assets from the current six percent, or 10.0 percent if they are unlisted.

So imagine you have assets (for example, loans outstanding on a house and a car), together actually worth about $250,000.

Up until now, if you were a Spanish bank, you'd have to have 15,000 simoleons stashed away to cover the "business." The new rules mean you're going to have to have 20,000, or 25,000 simoleons.

In your case, think IRA, or 401K, or your brokerage account. Or some CDs at the bank. How much do you have stashed away?

And then consider that the median amount saved for retirement in America is only $2,000. That means half of the country has more than that saved, and the other half has less than that saved. But even at the median, that $2,000 is less than 1 percent of $250,000 in assets.

Easily half of the US population is probably insolvent by this measure, as are many US banks.

My own bank operates under a Consent Decree requiring Tier 1 capital of 8 percent, and total capital of 11 percent. Roughly 10 cents on the dollar.

Most of America is built and runs on this kind of debt. And much of it is insolvent, even on these less easy, easy terms.

"Owe no man anything . . .."

Observer Figures Obama Has Spent 2 Months of 25 as President . . . Golfing

As reported here:

This is the president’s 60th time golfing as president, meaning Obama has spent two months of his presidency on the golf course.

So far.

Does keeping track of this count as a stimulus job?

DC: Tops for Food Stamps, Surrounded by Richest Counties

DC ranks number one for the highest participation rate by population in the food stamp program, yet is surrounded by these, among the 25 richest counties in America:

 1. Loudoun County, VA
 2. Fairfax County, VA
 3. Howard County, MD
 6. Fairfax City, VA
 9. Arlington County, VA
10. Montgomery County, MD
12. Stafford County, VA (south of Prince William County)
13. Calvert County, MD
14. Prince William County, VA
21. Charles County, MD
23. Alexandria City, VA.

Story here.

Income inequality, writ large. Your tax dollars at work.

Housing Prices Fall to Q1 2000 Levels

With more declines of at least 5 percent expected.

Story here.

"I Am Surprised That People Are Not Even Angrier"

Me too:

'Too many current attacks on bank bonuses miss the point. There is no "right" amount of money. It is not fine to earn a quarter of a million but "obscene" to get £5 million. But what is true is that people who accumulate very large sums tend to think they are brilliant. In a proper market economy, if they are not brilliant, they get their comeuppance. In the too-big-to-fail economy, they just go on getting rich, paid for by the rest of us who go on getting poorer. Like Mr King, I am surprised that people are not even angrier.'

-- Charles Moore, here, for the UK Telegraph

To Forgo Something is Acting, Says Judge Kessler

But National Review's Rich Lowry is having none of it, here, responding to this statement by Kessler:

"It is pure semantics to argue that an individual who makes a choice to forgo health insurance is not 'acting,' especially given the serious economic and health-related consequences to every individual of that choice. Making a choice is an affirmative action, whether one decides to do something or not do something." ...

Long ago, the Commerce Clause got stretched beyond recognition. In 1942, the Supreme Court used it to uphold a law penalizing a farmer for growing wheat in excess of his approved allotment, even though it was for his own consumption. At least the poor sap was doing something. According to Kessler, Congress could also punish him for acting on a thought not to grow wheat.

Opponents of ObamaCare say that if it's blessed by the courts, there will no longer be any limiting principle on federal regulatory power. If that seems far-fetched, behold the mental activities of one Judge Gladys Kessler.

Which begs the question, Isn't Kessler's reasoning a residual influence of the Christian religion on matters of state?

Christianity teaches that there are plenty of sins of commission, but also of omission, as per Paul's letter to the Romans, and the letter of James. By refusing to purchase health insurance, by Kessler's reasoning, one is almost committing a sin against the state, of, by and for the people, who will have to bear the costs of paying for the deadbeat's omission.

At the Last Judgment the offender would be punished in hell, but in the Immanentized Eschaton which ideologues are trying to foist upon us, he'll just pay a fine.

Virtue should be so easy. 

FDIC Rewards Banks Which Themselves Violate Regulatory Guidelines

Richard Suttmeier noted here on February 22 that three banks which acquired the assets of failed banks on Friday, February 18, 2011, are themselves overexposed to construction and development loans or commercial real estate loans, or both:

Three of the banks that acquired the assets of Friday’s failed banks were also in violation of the regulatory guidelines for exposures of risk-based capital to construction and development loans and to commercial real estate loans. SCBT National Association (SCBT) has risk ratios of 145% for C and D loans and 423.7% for CRE loans that are 89.3% funded. Bank of Marin (BMRC) has a risk ratio of 67.4% for C and D loans, which is fine, but has a 485.2% exposure for CRE loans with a loan pipeline that’s 78.7% funded. First California Bank (FCAL) has a risk ratio of 41.5% for C and D loans, which is fine, but has a 358.2% exposure to CRE loans with a loan pipeline of 86.9%. ValuEngine rates each of these banks a Hold. The FDIC policy of rewarding banks with overexposures to real estate loans is deciding which banks fail and which banks survive, which is wrong.

State capitalism is the official economic policy of the American Fascist Police State.

78 Year Old Louisiana Molester Undergoes Castration for Early Release

Nuts to the victims.

Story here.

Broadest Measure of Unemployment/Underemployment Drops Below 16 Percent

After 21 consecutive months at or above 16 percent, U-6 has fallen to 15.9 percent in February, as illustrated by portalseven.com here:

February Unemployment Drops .1 to 8.9 Percent, Breaking 21 Month Record

For 21 consecutive months, unemployment had been at or greater than 9.0 percent.

Today the Bureau of Labor Statistics reports here the headline number of 8.9 percent:

Nonfarm payroll employment increased by 192,000 in February, and the unemployment rate was little changed at 8.9 percent, the US Bureau of Labor Statistics reported today . . ..

The number of unemployed persons (13.7 million) . . ..

The number of long-term unemployed (those jobless for 27 weeks or more) was 6.0 million and accounted for 43.9 percent of the unemployed.

Both the civilian labor force participation rate, at 64.2 percent, and the employment-population ratio, at 58.4 percent, were unchanged in February . . ..

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was essentially unchanged at 8.3 million in February . . ..

In February, 2.7 million persons were marginally attached to the labor force, up from 2.5 million a year earlier. ... These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. ...

The average workweek for all employees on private nonfarm payrolls was unchanged at 34.2 hours in February . . ..

In February, average hourly earnings for all employees on private nonfarm payrolls increased by 1 cent to $22.87. Over the past 12 months, average hourly earnings have increased by 1.7 percent.

Break out the party hats and fireworks.

January Unemployment Marked the 21st Consecutive Month At or Above 9 Percent

January unemployment fell .4 point to 9 percent, according to the Bureau of Labor Statistics, here.

Just Undo It.

http://www.thoseshirts.com/jus.html

"The Euro Crisis is First and Foremost a Banking Crisis"

"Essentially, all Germany and France want to achieve with these [austerity and bailout] measures is to protect their own banks from collapsing. Now people are beginning to realize that there is no way around rescheduling Greece's debt -- and that will also involve the banks. For this to happen, there is only one solution: Europe needs to strengthen its banks! Greece lived beyond its means, but in Ireland and Spain it is the banks that are the problem. The euro crisis is first and foremost a banking crisis. ... Europe's banks are in far greater danger than people realize."

-- Barry Eichengreen, quoted here

TSA Misses Boxcutters in Carry On at JFK

The New York Post has the exclusive story:

A passenger managed to waltz past JFK's ramped-up security ga[u]ntlet with three boxcutters in his carry-on luggage -- easily boarding an international flight while carrying the weapon of choice of the 9/11 hijackers, sources told The Post yesterday.

Read the rest, here.

Bush's DHS Planned to Test Mobile Scanning of Pedestrians

The creeping American fascist police state may have begun in earnest under Bush, but Obama is doing nothing to stop it. There are mobile scanning vans in the possession of the federal government right now. And you'd know nothing about it from Obama, either, but for a Freedom of Information Act request by EPIC.

Forbes has the story, here:

Newly uncovered documents show that as early as 2006, the Department of Homeland Security has been planning pilot programs to deploy mobile scanning units that can be set up at public events and in train stations, along with mobile x-ray vans capable of scanning pedestrians on city streets.

The non-profit Electronic Privacy Information Center (EPIC) on Wednesday published documents it obtained from the Department of Homeland Security showing that from 2006 to 2008 the agency planned a study of new anti-terrorism technologies that EPIC believes raise serious privacy concerns. ...

“When you’re out walking on the street, it’s not acceptable for an officer to come up and search your bag without probable cause or consent. ... This is the digital equivalent” [said an attorney for EPIC]. ...

[S]ecurity contractor American Sciences & Engineering ... sold more than 500 of its backscatter x-ray vans to governments around the world, including some deployed in the US. Those vans are capable of scanning people, the inside of cars and even  the internals of some buildings while rolling down public streets. ... [T]he van scans do penetrate clothing, and EPIC president Marc Rotenberg called them “one of the most intrusive technologies conceivable.”

The Forbes story has links to the documents obtained under the FOIA request.

For a guy who won't disclose any of his academic or medical records, Obama sure does think he has the right to invade your privacy, against your will and without your knowledge.

Mubarak should have resigned? Gaddafi? I say Obama should resign, NOW.

Obama's Baked Brain Eludes Ruth Marcus

Ruth Marcus asks "Where's Waldo?"

Not about Bush . . .

But about Obama:

Obama can be a strangely passive president. There are a startling number of occasions in which the president has been missing in action - unwilling, reluctant or late to weigh in on the issue of the moment. ...

Each of these instances can be explained on its own terms, as matters of legislative strategy, geopolitical calculation or political prudence. ...

Yet the dots connect to form an unsettling portrait of a "Where's Waldo?" presidency: You frequently have to squint to find the White House amid the larger landscape. ...

[T]he White House - much to the frustration of some congressional Democrats - has been unclear in public and private about what cuts would and would not be acceptable. ...

Obama seems more the passive bystander to negotiations between the House and Senate than the chief executive leading his party. ...

Hum. Passive, startlingly missing in action, unwilling, reluctant, late . . . and unclear, a bystander . . . all that from a sympathetic liberal supporter, an honest observer, who can't quite put her finger on the problem.

You would think someone born even in 1958 could theorize psychotic effects of THC overexposure when she sees them.

Just why is it again that Obama keeps his medical records sealed? And why is it that so-called journalists just don't seem to want to know?

Come on, Ruth. You might even get that Pulletsurprise after all.

Present-a-tive Justin Amash Bucks His Freshman Peers As He Did His Party In Michigan

Politico has part of the story here:

Rep. Justin Amash (R-Mich.) voted against the class 30.1 percent of the time, including the five times he recorded himself as “present” rather than supporting or opposing an amendment outright.

We had the other part, here, on February 27:

In Michigan Amash's record meant that he went against his own party almost 36 percent of the time (472 votes), which makes perfect sense of the rhetoric to get more Democrats and independents into the Republican Party (without the singular "libertarian" votes, Amash voted against his own party 30 percent of the time). His election night remarks in that regard were jarring and startling in a year marked by one of the biggest partisan Republican victories nationwide in decades, but play well in a district full of Democrats and independents and union members. The clarion call of the Tea Party was not bipartisanship, but that's often the ploy of libertarians, whose small numbers keep them forever in need of allies. It's smart politics, not but it's not principled conservatism.

Amash promoted himself as consistent, principled and conservative in his campaign for the MI-3 House seat. So far, he's batting a thousand on consistent. The question is whether the voters will decide next time that consistency is, after all, merely the proverbial hobgoblin of little minds if he too often sacrifices his conservatism, and his principles, to it.

We've Already Got a Democrat Stoner Schizophrenic as President, We Don't Need a Republican One

With more and more people realizing that repeated use of the weed is bad for your health, a new study in the news links marijuana use to various mental problems like schizophrenia:

Sir Robin Murray, professor of psychiatric research at Kings College London, said: "This study adds a further brick to the wall of evidence showing that use of traditional cannabis is a contributory cause of psychoses like schizophrenia."

Among the signs and symptoms which schizophrenics may exhibit are these behaviors not often firmly attributed to habitual use of marijuana as a cause of the mental illness:

. . . disorganized thinking and speech. The latter may range from loss of train of thought, to sentences only loosely connected in meaning, to incoherence known as word salad in severe cases. Social withdrawal, sloppiness of dress and hygiene, and loss of motivation and judgement are all common in schizophrenia. There is often an observable pattern of emotional difficulty, for example lack of responsiveness.

The American people should think about that paragraph and ask themselves:

Why does Obama rely so much on his teleprompter, even in the smallest of settings?

Why did Obama exhibit such an inappropriately light mood in his first public comments after the Ft. Hood terrorist incident?

Why did it take Obama so many days to respond to the Fruit of Kaboom bomber incident?

Why was Obama the last world leader to come out and condemn Gaddafi?

And then they ought to think about this from Jacob Sullum for Townhall.com, here, about Indiana's Republican Governor and presidential hopeful, Mitch Daniels:

But like many pot smokers who became politicians, Daniels -- a potential contender for the 2012 Republican presidential nomination -- seems to have two standards of justice: one for him and one for anyone else who does what he did.

Although Daniels was caught with enough marijuana to trigger a prison sentence, he got off with a $350 fine. Yet he has advocated "jail time" for "casual users" -- a stark illustration of the schizophrenic attitudes that help perpetuate drug policies widely recognized as unjust.

According to the Princetonian, "officers found enough marijuana in (Daniels') room to fill two size 12 shoe boxes." Under current New Jersey law, possessing more than 50 grams (about 1.8 ounces) of marijuana is a felony punishable by up to 18 months in prison. Given the amount of pot Daniels had, he easily could have been charged with intent to distribute, which under current law triggers a penalty of three to five years.

At the time of Daniels' arrest in May 1970, New Jersey's marijuana penalties were even more severe.


Not exactly your daddy's Republican.

I Guess That British Kid Who Told Obama He was a Pussy was Right

Matthew Franck weighs in here with an excellent discussion of Obama's concession to judicial supremacy in the case of DOMA:

Obama is the "un-Lincoln," a president who would rather hint, and wheedle, and pine for an eventual Supreme Court ruling in favor of same-sex marriage, than forthrightly assert the equal standing of each branch of government to act on its own understanding of the Constitution. He makes no challenge to the reigning doctrine of judicial supremacy. Obama is instead the Court's courtier, surrendering the dignity of his office, and the legislative power of Congress, to a hope that the Supreme Court too will "evolve" in its view, change the effective meaning of the Constitution, and foist same-sex marriage on the American people with an authority more difficult to challenge than that of a mere president.

Mr. Franck rather likes Mr. Lincoln. But even if olde Abe was an acute practitioner of a constitutional departmentalism now lamentably in decline, the War Between the States proves that correct interpretations of some things do not always protect us from fanatical interpretations of others. There's only one Trinitarian monotheism.

On the British kid, see here.

The Party of Nyet in WI and IN Merits Universal Condemnation

So says Nolan Finley, Editorial Page Editor for The Detroit News, in a scathing editorial entitled "AWOL Dems Defy Ballot Box" for February 27, 2011, here:

AWOL Dems defy ballot box

NOLAN FINLEY

American-style democracy holds together because no matter how nasty the political game gets, the players honor a few inviolable rules. We obey the laws, even the ones we disagree with. We respect the ballot box. And after even the most bitterly contested election, the loser accepts the results, works within the system and awaits another chance to prevail with voters.

These guidelines kept the nation from shearing apart in 2000, when supporters of Al Gore (wrongly) believed the presidential election was stolen by George W. Bush. A tense period of uncertainty ended when Gore, in perhaps his finest moment, conceded and urged his backers to work to heal the country.

But what's happening in Wisconsin and Indiana breaks that tradition and puts a crack in our democratic foundation.

Democrats in those states, as in most others, were shellacked in legislative races last fall, giving Republicans majority control of their legislatures.

Republicans interpreted their overwhelming victories as a mandate to change the course of the states. Specifically, they set about undoing decades of laws put in place by Democrats to favor labor unions over taxpayers.

Instead of staying on the field to defend their positions, Democratic lawmakers in both states fled to neighboring Illinois, where they hope to win with their absence what they couldn't at the ballot box — namely, the right to control policymaking.

Without the Democrats, the legislatures don't have the required quorums to pass budget measures, including cutting pay and benefits for public workers.

The lawmakers in exile call this a defense of democracy. In truth, it's a step toward anarchy. If it catches on as a practice, it will officially end government by, of and for the people.

It's part of a disturbing trend by Democrats to embrace a by-any-means-necessary approach to governing. We saw it during passage of Obamacare, when the Democratic majority in the U.S. Senate blew up the rules to block a filibuster. In Massachusetts, Democrats used after-the-fact law changes in a failed attempt to keep a Republican from succeeding Ted Kennedy.

Obama trashed bankruptcy law to move the United Auto Workers ahead of General Motors' and Chrysler's secured creditors. And his regulatory agencies are bypassing Congress to enact policies he knows the elected representatives would never approve.

The strategy exposes the arrogant liberal conviction that they are justified in imposing their will on the people, because only they know what's best for America.

These Democrats in Indiana and Wisconsin merit universal condemnation.

What they are saying is that the people no longer have the right to use the ballot box to decide the direction of their government.

That's a rule change our system can't survive.

Obama is Deliberately Making Americans Poorer

So says Richard T. Rahn, here:

The Obama administration’s policies are causing Americans to pay far more for gasoline and other fuels than necessary. America is awash in fossil-fuel energy sources with almost 30 percent of the world’s coal and 80 percent of the world’s oil shale - which contains an estimated three times the recoverable oil reserves of Saudi Arabia. ...

The United States should be an energy exporter. ...

The Obama administration has a hatred of fossil fuels and is determined to reduce their use despite the economic damage. ...

[T]he Obama administration has stopped the new oil-production process in the Gulf of Mexico, even in the face of a court order requiring it to issue permits. The administration, through executive orders, has denied oil and gas producers access to millions of acres where large deposits of oil and gas are known to exist. The administration also is holding up permits for many new power plants, pipelines and industrial plants, all of which are costing Americans jobs and driving businesses to other countries.

A Re-Run of 2008?

Deflation, depression, inflation, recession, oh my.

Claus Vistesen for CreditWriteDowns here thinks we're in for a re-run of 2008.

Accidental Death Insurers Use ERISA Law as Shield to Deny Payments

So says an important story which appears here at Bloomberg.com, detailing the unintended consequences of the 1974 legislation.

The story, focusing on the lucrative $25 billion business for accidental death insurance purchased by employees through their employers' group plans, discusses notable cases involving MetLife, Prudential, and AIG.

Outrageous. 

Now Add "Shorters" to "Truthers" and "Birthers" in Conspiracy Theory Pantheon

I kid you not:

Another economic warfare tool that was linked in the report to the 2008 crash is what is called “naked short-selling” of stock, defined as short-selling financial shares without borrowing them.

The report said that 30 percent to 70 percent of the decline in stock share values for two companies that were attacked, Bear Stearns and Lehman Brothers, were results of failed trades from naked short-selling.

The collapse in September 2008 of Lehman Brothers, the fourth-largest U.S. investment bank, was the most significant event in the crash, causing an immediate credit freeze and stock market crash, the report says.

In a section of who was behind the collapse, the report says determining the actors is difficult because of banking and financial trading secrecy.

“The reality of the situation today is that foreign-based hedge funds perpetrating bear raid strategies could do so virtually unmonitored and unregulated on behalf of enemies of the United States,” the report says.

For the complete story at The Washington Times, go here.

The paranoid style in America lives to die another day!

Spreading the Misery Around

Moreover, as we were saying before, [the tyrant] grows worse from having power:

he becomes and is of necessity more jealous, more faithless, more unjust, more friendless, more impious, than he was at first;

he is the purveyor and cherisher of every sort of vice, and the consequence is that he is supremely miserable, and that he makes everybody else as miserable as himself.


-- Socrates, Republic of Plato, Book IX

Presentative Justin Amash: Making the Perfect the Enemy of the Good

As if there were the remotest possibility his co-sponsored measure would get passed, when de-funding Planned Parenthood was a complete no-brainer. Puh-leeze.

From Politico.com here:

Amash also voted present on Indiana Rep. Mike Pence’s amendment to cut off funding for Planned Parenthood and said it was “improper and arguably unconstitutional” to single out one entity. He co-sponsored a similar measure that would deny so-called Title X family-planning subsidies to any organization that performs abortions.

Textbook Nirvana Fallacy, a la Voltaire, as here.

Q4 2010 GDP 2nd Estimate = 2.8 Percent, Down from Initial 3.2 Percent

According to the Bureau of Economic Analysis, here.

Q3 2010 GDP rises to 2.6 percent from previously estimated 2.0 percent.

Overall, despite TRILLIONS in loans, bailouts and other government guarantees, all we've got to show for it is a huge steaming pile of new debt, millions still out of work, housing values in the toilet, foreclosures reaching new heights, smaller banks failing and the biggest banks sailing, giant GSEs on government life support, record numbers on food stamps, the Federal Reserve punishing savers and livers on fixed incomes with artificially low interest rates . . .

and GDP? Basically treading water, so that the losses of 2009 were recouped in 2010 and we're back to where we were in December 2008, a lovely time as I recall:  

Real GDP increased 2.8 percent in 2010 (that is, from the 2009 annual level to the 2010 annual level), in contrast to a decrease of 2.6 percent in 2009.

Was it worth it? WELL WAS IT?

What Did Rep. Justin Amash Do? On Funding Planned Parenthood He Was Silent.

He did not vote to fund it. He did not vote to de-fund it. He voted "present".

“And what I think is important for you all, is that when you see people standing in defense of what’s right, that you make sure that your voice is not remembered as one of the silent,” Thomas said. “Because there’s gonna be a day when you’re gonna look around and you’re gonna look at your kids and your grandkids and they’re gonna ask you a question: what happened to the great country that was here when you grew up, and why isn’t it here now, and what did you do?”

-- Justice Clarence Thomas, quoted here

Rep. Justin Amash: How About Some "Re-" In Front of That?

Politico.com has a story generating considerable interest about how Republican freshman Rep. Justin Amash (MI-3) has been voting "present" a number of times, even on some serious matters like de-funding the abortion provider Planned Parenthood:

In total, Amash has voted present on roughly 4 percent of the legislation that has come to the House floor in the 112th Congress.

Amash has voted "present" five times, which calls to mind Obama's voting record as a state senator in Illinois, where he voted "present" 129 times, about 3 percent of the votes he cast.

Obama's record attracted the attention of Nathan Gonzales in 2007 because Obama also had cast such votes on several controversial issues like partial birth abortion:

For example, in 1997, Obama voted "present" on two bills (HB 382 and SB 230) that would have prohibited a procedure often referred to as partial birth abortion. ...

[I]n 1999, Obama voted "present" on HB 854 that protected the privacy of sex-abuse victims by allowing petitions to have the trial records sealed. He was the only member to not support the bill.

In 2001, Obama voted "present" on two parental notification abortion bills (HB 1900 and SB 562), and he voted "present" on a series of bills (SB 1093, 1094, 1095) that sought to protect a child if it survived a failed abortion. In his book, the Audacity of Hope, on page 132, Obama explained his problems with the "born alive" bills, specifically arguing that they would overturn Roe v. Wade. But he failed to mention that he only felt strongly enough to vote "present" on the bills instead of "no."

And finally in 2001, Obama voted "present" on SB 609, a bill prohibiting strip clubs and other adult establishments from being within 1,000 feet of schools, churches, and daycares.

It's not like people weren't warned in Amash's case, either, since he had a famous reputation here in Michigan as a state representative for reporting his votes in real time on his Facebook page, and for voting "present" now and again.

Still, you'd like to think that a guy who graduated from law school could come up with a better excuse for voting "present" than not having "a reasonable amount of time to review the legislation." (Gee, I'm sorry, Professor, my dog slobbered all over my homework at breakfast). Besides, he's getting paid an awful lot of money if all he's going to do is "present" us. How about some "re-" in front of that?

In the Planned Parenthood case, Amash said he doubted the constitutionality of the language. Well, then didn't he have an obligation to vote "No" instead of "present"?

If most Americans could go back and listen to candidate Obama on the stump talking about how he and his supporters were going to transform America, I'm sure it would elicit a shudder now, knowing what they know about the carnage his policies have wrought in America. Which is exactly what I felt when I heard Justin Amash thank his supporters on election night in November 2010:

In his victory speech at Kent County GOP election night headquarters, he said the party should work to bring more Democrats and independents into the party to "transform this state" and "transform this country."

Yep, just what we need. More transformers. More Democrats.

UPDATED Sunday February 27, 2011:

Unlike doctrinaire libertarians who think they are always right about everything but are in consequence thereof not free to admit it when they are wrong, we must retract the following:


[Amash] had a famous reputation here in Michigan . . . for voting "present" now and again.


Amash never voted "present" in the Michigan legislature.

But his voting record was noted for its "singularity." Of 1315 votes cast, there were 76 in which his was the lone vote against legislation which otherwise obviously overwhelmingly passed. That's 5.8 percent of his votes. It is useless to speculate how many of these would have been cast as "present" if he had been permitted to do so, as he is now in the US House, where, however, it is becoming clear that after just two months his record in Michigan is a kind of proxy for how his record in DC has already shaped up.

This does not mean Amash was wrong, of course, in every instance, but it does show that he marched to the beat of a different drummer. That drummer was distinctly libertarian. His singular votes often reflected an aversion to using legislative power to single out groups for special favors or penalties. Sometimes it appears to have courted the stoner vote. Other times it disdained regulatory intrusion on private industries, and otherwise steered clear of do-gooder legislation, such as protecting "endangered species" or senile old women in danger of freezing to death in their homes because they forget to pay the gas bill.

In Michigan Amash's record meant that he went against his own party almost 36 percent of the time (472 votes), which makes perfect sense of the rhetoric to get more Democrats and independents into the Republican Party (without the singular "libertarian" votes, Amash voted against his own party 30 percent of the time). His election night remarks in that regard were jarring and startling in a year marked by one of the biggest partisan Republican victories nationwide in decades, but play well in a district full of Democrats and independents and union members. The clarion call of the Tea Party was not bipartisanship, but that's often the ploy of libertarians, whose small numbers keep them forever in need of allies. It's smart politics, not but it's not principled conservatism.

Methinks thou dost protest principle too much.

With the "present" vote on de-funding Planned Parenthood, one suspects Amash is taking a page out of Obama's unprincipled playbook.

"Suddenly" coming to the conclusion that DOMA is unconstitutional, Obama has instructed the DOJ not to defend it in court. But at the same time he is going to enforce this "unconstitutional" law until the courts have done with it. Instead he should be using his own Executive power to preserve, protect and defend the constitution as one of its co-equal representatives by not enforcing DOMA, which he views as a threat to it. In this Obama plays a cowardly slave who is in thrall to the courts, and doesn't have the courage of his own convictions. He is a weak president, of very poor character, but it does shore up his street cred on the left.

Expressing doubt that voting to de-fund Planned Parenthood would be constitutional, Amash was content to let de-funding pass unopposed by him, hiding in the half-way house of "present" and putting the constitution at risk. He too is guilty of ceding his co-equal authority, in this case of the Legislative power in which he shares. It was a moment of weakness. He may have escaped the anger of the left in his constituency, but his so-called conservative principles were sacrificed.

I say it was cowardly.

"I know thy works, that thou art neither cold nor hot: I would thou wert cold or hot. So then because thou art lukewarm, and neither cold nor hot, I will spue thee out of my mouth."

Record Corporate Cash? Doodleysquat

Says the master of the S and P:

Mr. Silverblatt complains that he has repeatedly seen analysis showing US companies with a big cash hoard, which fails to note that much of it is being held by financial institutions as deposits or in expectations of higher capital requirements. In short, the companies can't spend it.

Read more about the man behind the numbers in The Wall Street Journal here.

Obama: America's First Queer President?

The gay M/O is aggression. And the president is following it:

1. Signs repeal of DADT, 12/22/10.

2. Refuses to defend DOMA on Wednesday, 2/23/11.

3. Orders the military to begin queer sensitivity training for battlefield troops as reported on Thursday, 2/24/11.

4. Appoints a queer to White House social secretary on Friday, 2/25/11.

In your face, America.

"Pop takes another shot, neat,

Points out the same amber

Stain on his shorts that I’ve got on mine, and

Makes me smell his smell, coming

From me;"

-- Barack Obama, 1981, here

"[This incident] may be describing outright sexual abuse. But perhaps not; we don't know, and we'll never know. But there is no question that the poem is describing a boundary violation on several levels: this child feels invaded-perhaps even taken over-by this man, and is fighting against that sensation."

-- From "Decrypting Obama's 'Pop'" here

Our Tyrant is Himself a Servile Bastard

As Jonah Goldberg reminds us here:

More to the point, once the president concluded that the law [Clinton's Defense of Marriage Act] was unconstitutional, he would be bound by his oath to ignore it, and challenge it in every way possible.

President Obama says DOMA is unconstitutional, and yet the “law professor” says he will continue to enforce it.

In a properly ordered constitutional republic, this would be a scandal. But in America today, it’s cause for eye-rolling, shrugs, and platitudes about the demands of politics.

Translation for those of you in Rio Linda: the president is violating his oath of office to defend the constitution when he enforces an unconstitutional law, and is bowing to the Judicial branch of government by deferring to it to decide the fate of the law  instead of asserting the co-equal power of the Executive branch, of which he is the head.

Such servility in the soul is a prerequisite for a tyrant. Obama often can't bring himself to assert the power of the Executive, which helps explain the dithering, idling, and lack of urgency which characterizes his decision making, especially in crises, the bowing to foreign leaders, the apologizing for America's sins abroad, etc.

It's all one important reason our opposition to Obama has a good chance of succeeding, and is. He is weak.

Democrats: The New Party of No

"Here stand the Democrats, avatars of reactionary liberalism, desperately trying to hang on to the gains of their glory years - from unsustainable federal entitlements for the elderly enacted when life expectancy was 62 to the massive promissory notes issued to government unions when state coffers were full and no one was looking.

"Obama's Democrats have become the party of no. Real cuts to the federal budget? No. Entitlement reform? No. Tax reform? No. Breaking the corrupt and fiscally unsustainable symbiosis between public-sector unions and state governments? Hell, no.

"We have heard everyone - from Obama's own debt commission to the chairman of the Joint Chiefs of Staff - call the looming debt a mortal threat to the nation. We have watched Greece self-immolate. We can see the future. The only question has been: When will the country finally rouse itself?

"Amazingly, the answer is: now. Led by famously progressive Wisconsin - Scott Walker at the state level and Budget Committee Chairman Paul Ryan at the congressional level - a new generation of Republicans has looked at the debt and is crossing the Rubicon. Recklessly principled, they are putting the question to the nation: Are we a serious people?"

-- Charles Krauthammer, at his finest, in The Washington Post, here

Rep. Paul Ryan: "I Didn't Like ObamaCare, But I Didn't Walk Out On It"

Wisconsin Congressman Paul Ryan, here.

Hear! Hear!

Gold's Gift: Stable, Long-Term, Low Interest Rates

In Great Britain thanks to John Locke and William of Orange, as discussed here by Nathan Lewis.

The gold standard: The sine qua non for prosperity, greatness, and liberty.

Flee-Baggers: Elected Democrats Who Run Away to Shut Down Government

The New York Times romanticizes them as exiles when it's Democrats who shut down duly elected government by running away from their jobs:

Illinois suddenly found itself as the refuge of choice for outnumbered Democrats fleeing their states to block the passage of such bills. By Wednesday evening, most of Indiana’s 40 Democratic state representatives were living in rooms (“plain but all we need,” in the words of one) at the Comfort Suites in Urbana, Ill., about 100 miles west of the state Capitol in Indianapolis. Wisconsin’s Senate Democrats were preparing to mark their first full week, on Thursday, somewhere in northern Illinois.

Meanwhile, The Washington Times reports that the US Senate, still controlled by Democrats, has bugged out of town while Republicans in the US House have been working very hard to cut spending and keep the government engine operating on a leaner mixture:

House Republicans said they’ve done their work. They stayed in session until 1 a.m. twice, worked until 3:43 a.m. another day, and then pushed until nearly 5 a.m. Saturday morning to get their bill done. Along the way, they considered hundreds of amendments and held more than 100 recorded votes.

The Senate, meanwhile, hasn’t touched spending since before Christmas. Instead, senators have worked on a bill to update federal aviation rules, which passed with overwhelming bipartisan support on Feb. 17.

Senators then left Washington, adjourning by unanimous consent, which means no lawmakers objected to the decision.

Freshmen House members were incredulous.

“It’s just remarkable that we have this deadline looming and apparently they’re not working on it,” said Rep. Robert Hurt, Virginia Republican. “It’s incumbent on them to get the work done — either adopt the measure as we’ve sent it over or get it back to us as soon as possible so we can work out the details.”

Fleabaggers Infest Wisconsin State Capitol Building: Odd Lurking Smells Everywhere

As observed by an imported (!) protester here:

Many of the protesters have been here for days, some without a change of clothes. While some Madison residents have opened up their homes to people who need a shower, and many people clean up daily in the washrooms with buckets of soapy water, there are still, as protester Nathan Christ from Chicago put it, "odd, lurking smells everywhere."

Republican Super-Majority in MT Scares the Bejeebers Out of Dem. Governor

And out of the Associated Press, showcasing a story designed to inflame reaction in the moribund left:

Some residents, Democratic Gov. Brian Schweitzer and even some Republican lawmakers say the bills are making Montana into a laughingstock. And, they say, the push to nullify federal laws could be dangerous.

"We are the United States of America," said Schweitzer. "This talk of nullifying is pretty toxic talk. That led to the Civil War."

More at the link here.

How Doctrinaire Libertarians Co-Opt the Tea Party Illustrated

The latest example comes from Senator Rand Paul, son of Representative Ron Paul. Republicans, maybe. Libertarians for sure, who, like all our collectivist enemies, believe in permanent revolution:

Indiana Governor Mitch Daniels Doesn't Have the Cojones to be President

CNBC reports that Gov. Daniels doesn't have the cojones to stand up to the unions like Reagan did:

In Indiana, top Republican legislators have declared dead a "right to work" bill that would prohibit union representation fees from being a condition of employment at most private companies. Republican Gov. Mitch Daniels, who is considering a presidential run, had been saying since December that he wanted to avoid a showdown with labor that could distract lawmakers from moving on proposals such as revamping public schools and the state budget.

As in Wisconsin, the clash has drawn hundreds of protesters to the Indiana Statehouse and led most House Democrats to leave the state to shut down legislative business on the union bill and a slate of other issues. Daniels has appealed to the lawmakers to return because "their conscience tells them they should do their duty."

More here.

Freddie Mac is a mess, and so is the reporting on it.

Compare this from AP Business Writer Marcy Gordon here:

Government-controlled mortgage buyer Freddie Mac managed a narrower loss of $1.7 billion for the October-December quarter of last year. But it has asked for an additional $500 million in federal aid - up from the $100 million it sought in the previous quarter.

Freddie Mac also posted a $19.8 billion loss for all of 2010.

With this from Philip van Doorn for The Street here:

Freddie Mac on Thursday reported a fourth-quarter net loss of $113 million, and would need another sip from the government trough.

The loss narrowed from a $2.5 billion net loss during the third quarter. For all of 2010, the government-sponsored mortgage giant lost $14 billion, following a $21.6 billion loss during 2009.

So, in Q4 2010 Freddie lost either $1.7 billion, or $113 million.

And for all of 2010 Freddie lost either $19.8 billion, or $14 billion.

But who's counting. They're just numbers.

If I ever straighten this one out, I'll let you know.

Politico Reveals Obama Holds Hundreds of Secret Meetings with Lobbyists

All the while claiming a new transparency:

Obama’s administration has touted its release of White House visitors logs as a breakthrough in transparency, as the first White House team to reveal the comings and goings around the West Wing and the Old Executive Office Building.

The Jackson Place townhouses are a different story.

There are no records of meetings at the row houses just off Lafayette Square that house the White House Conference Center and the Council on Environmental Quality, home to two of the busiest meeting spaces. The White House can’t say who attended meetings there, or how often. The Secret Service doesn’t log in visitors or require a background check the way it does at the main gates of the White House.

Read it all here.

Unlike Some People Caroline Baum Still Believes in American Exceptionalism

And she notices its Anglo-Saxon character, too, here:

What about other indicators that challenge the notion the US is going the way of empires past? Students from across the globe flock to the US for college and post-graduate education. Six of the top 10 universities in the world are located in the US, according to US News & World Report. The other four are in the UK, that other emblem of Empire Passe.

US students may score poorly in math and science, but somehow they manage to overcome that handicap to become world-class researchers. The US can claim more Nobel Prizes than any country: 320 versus 116 for runner-up UK. In areas such as physics, chemistry and medicine, the US has two to three times as many Nobels as its closest competitor, which is either the UK or Germany. ...

The number of patents issued to US residents in 2009 (93,727) was about the same as those issued to residents of all other countries combined (96,395), according to the US Patent and Trademark Office.

Let's ask Great Britain to send that statue of Churchill Obama didn't want in the Oval Office to Caroline.

She's marvelous, and she's right.

National Popular Vote Virus Spreads to Vermont

The whole point of writing the constitution to allocate two senators each to the States was to reassure the smaller ones by population that the larger ones would not be able to exert unfair advantage over them in the nation's Legislative branch, and to get them thereby to join the union.

Another way of stating this principle is that population was meant to be reflected in the composition of the US House, but deflected in the Senate. The latter was originally designed to be a creature of the States, not of the people. That is why State Legislatures elected US Senators until the passage of the 17th Amendment in 1913, the same year that gave us the Federal Reserve and the income tax. Bad things always seem to happen in threes.

Today it is reported here that the senate of the only State of the union which has a Socialist for a US Senator, Vermont, has decided to advance the NPV measure, which should not be confused with the acronym for the Human Papilloma Virus. The National Popular Vote initiative, already passed in 6 States and DC, seeks to deny the will of the voters in a State by allocating its electoral votes to the national popular vote winner, not necessarily to the winner of that State.

In the same way that the 17th Amendment sought to weaken the power of the State governments, the National Popular Vote initiative would make it even more irrelevant. What is more, the scheme really represents a rival electoral college which seeks to make the president, like US Senators, a creature directly of the people, in this case of the whole people, and a simple majority of the whole people at that.

If you thought the States have not mattered much in recent years, under the NPV they will mean even less than they already do. Large urban population centers, Democrat bastions, will increasingly replace States not just as campaign stops, but as constituencies. And it is they to whom presidents will become increasingly responsive, at the expense of State capitals.

The States are not dead yet, as people who live in the 26 which have successfully challenged Obamacare in court will tell you. But it is a sign of their weakened sense of themselves that so many are staking everything on their appeals in the courts instead of passing counter legislation and forcing the Federals to sue them. Arizona is a striking exception in this regard in the immigration area, and should be imitated more widely and more often, which prospect the recent and deep Republican resurgence in the States may portend.

When pestilences like the National Popular Vote initiative stop getting traction in the Legislatures, we'll have more reason to be sanguine about the future of the Republic. 

    

Sympathy for the Muslims: We Never Imagined It Either

"Now, ruling America is a black man from our continent, an African from Arab descent, from Muslim descent, and this is something we never imagined – that from Reagan we would get to Barakeh Obama."

"He is someone I consider a friend. He knows he is a son of Africa. Regardless of his African belonging, he is of Arab Sudanese descent, or of Muslim descent. He is a man whose policy should be supported, and he should be assisted in implementing it in any way possible, since he is now leaning towards peace."

"I urge all peoples to give him this chance and to support this policy, because America is a country that, when its policy is bad – harms the world, and when it is good – it helps the world."

[I hope that] "the dream that Obama has for a world free of nuclear weapons will come true. This is something that no previous American president has proposed. Obama is a man who opposes wars that previous American presidents were entangled in; he has declared that he will withdraw from Afghanistan and Iraq – something which has never been proposed before."

"The Arabs hate America, there is no doubt. There is not an Arab that loves America, and even the leaders who the United States considers allies or friends – hate it. The external love is merely hypocrisy or pragmatism. The reason for this is clear – Palestine."

"The Palestinians today are like the Jews of the past – dispersed in exile and persecuted. Now the Palestinians are at a point where they deserve to have the United States on their side and not on the side of the Israelis."

-- Colonel Gaddafi, quoted here, in better days

Democrat Congressman Urges Union Members "To Get Out On The Streets And Get A Little Bloody"

Speaking of intimidation and militancy. There's your party of crackers, and then there's your party of head-crackers.

Couldn't he at least wait til Giffords gets out of the hospital?

As reported here:

Sometimes it's necessary to get out on the streets and "get a little bloody," a Massachusetts Democrat said Tuesday in reference to labor battles in Wisconsin.

Rep. Michael Capuano (D-Mass.) fired up a group of union members in Boston with a speech urging them to work down in the trenches to fend off limits to workers' rights like those proposed in Wisconsin.

"I’m proud to be here with people who understand that it’s more than just sending an email to get you going," Capuano said, according to the Statehouse News. "Every once and awhile you need to get out on the streets and get a little bloody when necessary."

Cost of Obama's Stimulus Revised (Again), Up $34 Billion to $821 Billion

As reported here.

What if the Declaration of Independence Said . . .

. . . The history of the present president of the united States is a history of repeated injuries and usurpations, all having in direct object the establishment of an absolute Tyranny over these States. A president whose character is thus marked by every act which may define a Tyrant, is unfit to be the ruler of a free people?

Crowd Based Confuting

What we are really witnessing in Wisconsin and Indiana and Ohio is the reaction of the duly elected representatives of Americans who are finally fed up with the intimidation and militancy of unions first legalized under FDR with the Wagner Act, says Richard Salsman in "Ochlocracy and the Menace of Government Unions" for Forbes here.

Rule by the mob, or the crowd (the "ochlos" in Greek), used to mean you paid way too much for a big American car with tail fins that broke down too often (F.O.R.D. = fix or repair daily). Now it means your property taxes go up and up to pay the salary of a fat Physical Education teacher who routinely gets a substitute to teach his classes while he sits behind a keyboard or schmoozes with the staff as your kid still struggles to tell analog time in the fourth grade:

Government teachers ensure that students (future voters) are illiterate and innumerate, while populist “leaders” appeal not to voters’ reason but to their passions. Sacrificed in an ochlocracy is respect for individual rights, constitutionalism, and the rule of law. Peaceful assembly, petition and persuasion are displaced by the scream, the curse, and the threat.

Don't miss the rest at the link.

Teachers Averaged $272,000 in Salary Under Obama's Stimulus Bill

Stimulus funds preserved 367,524 teacher jobs in 2009-2010, and the amount spent on saving these education-related jobs in the nation's public schools was nearly $100 billion, according to a story in The Baltimore Sun which relies on data from the US Department of Education.

That's about $272,000 for each teacher. Wow. Those must be some kind of wonderful teachers.

That also means taxpayers all across America ended up on the hook for the salaries of about 7,350 teachers per state.

Formerly these teachers were paid directly from local property tax revenues, not borrowed funds, but these revenues have been in dramatic decline due to the crash in the housing market and due to skyrocketing unemployment and home foreclosures.

It is highly unlikely that more stimulus funds are on the way, and it is highly unlikely that property tax revenues will be raised easily in this economy, so isn't it time for the teachers in Wisconsin to pack it in already and quit the illegal strike?

They should be thankful just to have a job.

Wisconsin Teachers Haven't Earned Their Very Generous Pay and Benefits

As the regime itself admits:

In 1998, according to the U.S. Department of Education, Wisconsin public school eighth graders scored an average of 266 out of 500 on the NAEP reading test. In 2009, Wisconsin public school eighth graders once again scored an average of 266 out of 500 on the NAEP reading test. Meanwhile, Wisconsin public schools increased their per pupil expenditures from $4,956 per pupil in 1998 to 10,791 per pupil in 2008. According to the Bureau of Labor Statistics inflation calculator the $4,956 Wisconsin spent per pupil in 1998 dollars equaled $6,546 in 2008 dollars. That means that from 1998 to 2008, Wisconsin public schools increased their per pupil spending by $4,245 in real terms yet did not add a single point to the reading scores of their eighth graders and still could lift only one-third of their eighth graders to at least a “proficient” level in reading. ...


Nationwide, only 30 percent of public school eighth graders earned a rating of “proficient” or better in reading, and the average reading score on the NAEP test was 262 out of 500.

More here.