Midstream update on Sotomayor hearing–Updated again!
Senator Kyl corrected the record on Sandra Day O’Connor vs. Sonya Sotomayor. O’Connor said she believed a wise man and a wise woman would come to the same conclusion. Sotomayor said she thought a Latina would come to a better decision than a white man. That implies a different conclusion. That implies she thinks a Latina thinks better than a white man does. Kyl caught | Read More »
It’s Time for Democrats to Prove They Were Right
Starting with the Presidential election of 2004, a recurring claim of the Democrat Party has been that calm, rational, reasonable leadership by a Democrat President will bring the leaders and the people of the rest of the world, and particularly of Europe, to join with us in our fight against evil in the world. According to Democrats, we haven’t had much international support because nobody | Read More »
It’s Official. Dr. Thomas Sowell explains the housing loan crisis.
Dr. Sowell discussed his new book, The Housing Boom and Bust, with Sean Hannity on Wednesday night. Regarding the blame for the current economic condition, he said There’s a lot of blame to go around, but what’s crucial… is that the mortgage payments stopped coming in, and so whoever created a situation where people were given mortgages that they weren’t able to pay, that’s who | Read More »
Words used to describe The Boy President…
Niaive. Humorless. Incompetent. Shrewd. Intelligent. Inexperienced. Indecisive. Opportunistic. And now, Newt Gingrich has said of his policies regarding treatment of terrorist prisoners, trial of these prisoners, release of these same prisoners after or before trial, and handling of the Somali pirate after his capture, “This, I think, verges on insanity.” Fox News Sunday, 5/10/09. Although I have said it previously, he said it better.
Kathleen Parker is considered a conservative writer?
Let’s just trade her to the liberals. Based on the column she published yesterday on Town Hall as “Torture by Another Name,” and again today in The Arizona Republic as “By defining torture, we define ourselves” (there are some stylistic differences between the two columns), she thinks like they do. Like any liberal, she started with her conclusion, then she assembled the “evidence” she wanted | Read More »
Why do Democrats always want an “independent” investigation?
On Fox News Sunday today, Senator Carl Levin, never a moderate Democrat, called again for a “independent” investigation into something about the interrogation memos. I say “something about,” because it’s far from clear just what needs to be investigated there, but that’s not my objective. My objective is to tear apart Levin’s words and illuminate their hidden implications. He said he believes, “There ought to | Read More »
Only Through the Looking-Glass will there be “Interrogation Memo” trials
In the real world of laws, sanity, and reason, there cannot be any court proceedings against the advisers of President Bush. I am not a lawyer, but I believe my reasons for this conclusion will stand up. First, before there should even be any investigation, there has to be some evidence, at least some indication that a law has been broken. Where is that indication? | Read More »
What is REALLY wrong with divulging the contents of those interrogation memos.
I’m not referring to the obvious stupidity of revealing our internal reasoning on this subject to our enemies. Nor do I mean the obvious stupidity of a President who has now told his advisers that “whatever you tell me may be revealed to the public someday by a future President. Some future Congress or DOJ might decide that your advice constituted illegal incitement to commit | Read More »
How To Make a Silk Purse from a Sow’s Ear
The sow’s ear in question is the decision that is either coming or has already been made to convert millions or billions of dollars worth of the preferred stock of eight “rescued” banks into common stock. The explanation given is that it will improve the banks’ operating ratios, and thus do more good than keeping the preferred stock will. The reason this isn’t a silk | Read More »
Straight talk about the Economic Armageddon Plan.
Without boring you with the details of why I believe these to be factual, I’ll just give you the list. There is only one way the expense of this bill can ever be paid. Inflation. We are facing massive inflation at some point down the road if this bill passes as it stands now. Just think about Social Security. We’ve been fretting over how to | Read More »
Conjecture on Reversing Deflationary Expectations.
Civil Truth posed some questions recently, and in attempting to answer them I developed this blog entry. His questions were about today’s deflationary pressures and inflationary expectations. I don’t think we have deflationary pressures and inflationary expectations. We have primarily deflationary “pressures,” creating deflationary expectations today. I don’t think our fiscal and monetary policies are at odds–they are both inflationary at the moment, about the | Read More »
A Letter to (soon-to-be former) Senator Judd Gregg.
I emailed the following letter to Senator Gregg a few minutes ago. I expect to hear back from him sometime in March. I don’t know what year. Dear Senator Gregg: We ask you to please reconsider your decision to abdicate your seat in the US Senate in favor of a far less significant position in the Obama Cabinet. There are several reasons you should reverse | Read More »
If we can’t cure the economic cold, maybe we should bring on economic pneumonia.
You remember the old joke to that effect? We know how to cure pneumonia? Blackhedd recently provided an explanation of how “a zero nominal interest rate might correspond to a real interest rate that is hundreds of basis points higher” if expectations are for a deflationary period. I took it to mean that since the original principal must eventually be repaid, even a zero interest | Read More »
“I’ve Got a Little List” Singing Points for John McCain (When the Debate Slows Down)
If things get slow tonight, or if John McCain doesn’t get the questions he wants, I suggest he put his singing talents to use and belt out the following ditty– I’ve Got a Little List (From The Obama) As someday it may happen that the truth it must be found, I’ve got a little list, I’ve got a little list. Of friends of The Obama, | Read More »
How McCain can turn it around.
[In October, 2008, when I first published this diary, John McCain and Sarah Palin had enjoyed a brief time in the lead against the Obama-Biden team, but it was short-lived and we all know the end result. I'm adding this preface because, when I just re-read the piece, it seemed to me that whether I was right or not, the issues I suggested that McCain | Read More »
What Would a Third Party Be Like?
If things are as they appear (and of course they seldom are), we were all treated today to the spectacle of the American equivalent of what a third Party would be like. We had the Democrats and the Senatorial Republicans, with the House Republicans (perhaps joined by some House Democrats) as the Third Party. What remains to be seen is whether they plan to use | Read More »
An Analyst’s Take on the Financial “Crisis”
The current financial problem has been inflated into a looming crisis by politicians and analysts who have ignored basic concepts of problem solving. First, identify the problem. Have they done that? Maybe, and maybe they’ve only identified the symptoms and the prognosis if things run their course without interference. It’s definitely true that they haven’t clearly described the problem to the public in general. If | Read More »
That’s Why She’s Just Called “Sarah.”
It’s been twelve days since the announcement that rocked the American political world. Since then, a lot has been said and written about the selection of Sarah Palin, Governor of Alaska, as the Republican candidate for Vice President of the United States. I’ll do my best to avoid repeating any of that. Let’s just start out with the question, “What is the most unusual thing | Read More »