We can statistically quantify “Too Big To Fail” in a number of different ways. George Will of the Washington Post is man familiar with the uses (and perhaps the nefarious uses) of quantitative data. He tells us 5 banks hold assets equal to 60% of the GDP. The top 10 banks hold 61% of all commercial banking assets; they only had 26% 20 years ago.
Will’s basically Conservative bent leads him to not be fond of the Dodd-Frank Act inflicted upon American Industry by the current Obama Regime. I certainly agree and sympathize with this point of view. However, not liking Dodd-Frank is one thing, getting rid of it and the systematic problems that made its overreach tenable is a taller order than merely quantified complaining. To actually dismantle the TBTF Empire and the implicit guarantee it enjoys via Dodd-Frank, it may help us to indulge in some Presidential History involving too great men. President Andrew Jackson foresaw and attempted to prevent this problem. President Theodore Roosevelt solved TBTF in some industries other than banking.
Two women from two different perspectives have divergent points of view on why the attack of the US Embassy in Benghazi, Libya has remained news. One woman, Obama’s Mouth of Sauron, Stephanie Cutter, approaches the issue from altitude and distance. Another woman, the mother of the now departed Sean Smith, wants to know how her son died, and why the US Government doesn’t give her answers. The contrast is telling. It tells us just how far away the Obama Administration is from the actual concerns of the Little Guy they so piously claim to serve and defend.
Jeff Emanuel gave Red State readers a good description of Stephanie Cutter’s spin. The spin shows an obdurate lack of basic human empathy for the dead. It shows just how utterly self-preservationist the administration has been concerning the events of September 11, 2012 in Benghazi Libya. Cutter is shown below claiming the issue only has traction because Mitt Romney is exploiting it.
I’ll raise some hackles this fine morning, but if you speak the truth, have one foot in the stirrup. So here goes. Joe Biden may have looked like a jerk, an ignoramus and a garrulous, intoxicated blowhard; but he almost had to. It was his job to be obnoxious. It was a professional foul, and he succeeded in making The Romney/Ryan ticket shoot foul shots instead of tearing the rim off with an easy slam-dunk.
There was more positive news for Paul Ryan than I initially believed after I listened to the debate on the radio. I’ll get to Ryan’s positives later. Let’s start off with our friend™ VP Joe Bidenopolis.*, **
Actress Stacey Dash just dropped a bombshell. She has shocked the world. She has peed voluminously upon the pieties of the Tinseltown Apostates. She has audaciously and egregiously thought for herself, and endorsed Mitt Romney for President.
In Hollywood, they like their creativity vapidly unoriginal and their diversity homogenous. There must be blood. (Or at least a gaggle of idiots auto-beclowning on Twitter). Piers Morgan of CNN samples some of the idiots below.
After last night’s decisively one-sided debate, Mitt Romney looked like a winner. President Obama had the body language we would expect from one of the submissive characters in 50 Shades of Gray. So Celebrate, Celebrate Like Mad Men. Celebrate on November 7th. The day after we’ve actually, you know, won something. Having done everything I can short of treating The Hatch Act the way an Obama Appointee would, I attend to get drunk and hang from the freakin’ rafters – after the job is complete.
I didn’t sleep to well last night. I was just too gosh-darned happy. Barry Bonds on the juice couldn’t have whacked last night’s hung curveball any harder. But then again, I remember my beloved Deadskins having double-digit leads against The Rams and The Bucs respectively. I believe Romney is ahead as of last night – kind of early in the 3rd Quarter.
There is something to be said for honesty in politics*. They won’t be saying whatever it is about President Barack Obama – ever. As soon as then-Senator Barack Obama heard Kanye West’s commentary on what had happened to New Orleans after Hurricane Katrina, he saw a golden opportunity to race-bait and to demagogue. The Daily Caller has caught him saying to some Americans what he would never quite want to share with us all. Examine, if you will, his *feelings* towards the middle class. Particularly those who live in the evil suburbs.
As the epistemological failures of Climate Science become as large and as heavily burdensome as the Texas-sized growth of Antarctic Sea-Ice since 1979, the shrill histrionics of the Climate Scientologists who continue pushing for carbon regulation grow tinnier. Be very afraid, grants, Oops, I mean lives hang in the balance. If you fail to take action, you will die. It’s almost as if you had an alternative to eventually dying anyway.
Now listen carefully, class. The smart guy with the Piled-Higher-and-Deeper is here to condescend to the little guy. His name is Doctor Paul Ehrlich, and he’ll tell you how to vote this election so you don’t have to turn off the idiot box and ponder these things. His sage advice follows below.
The Cheerleaders cheer, the bandwagon trundles forward, the sea levels decline and !EVERYONE HAS AFFORDABLE HEALTHCARE! The GOP has no reason to continue on. The O has manfully penetrated 50% in three vital and critical and important and game-changing states! You can read about every pulsating, pounding punditgasm in this morning’s Business Insider!
Economist Paul Samuelson was once asked to explain how sin taxes worked. He offered up the following commentary.
“Sin Taxes” are so called because they are levied on those commodities, such as tobacco and alcohol, which are the objects of widespread disapproval. “Such taxes,” Paul Samuelson says, “are often tolerated because most people–including many cigarette smokers and moderate drinkers–feel that there is something vaguely immoral about tobacco and alcohol. They think these ”sin taxes“ stun two birds with one stone: the state gets revenue, and vice is made more expensive.”
This is absolutely what has not happened in New York since Mein Obama and Gropenfurher Bloomberg have decided they would levy exorbitant sin taxes on tobacco products in New York City. Newsday.com describes the destructively regressive nature of the sin taxes on tobacco below.
Seven out of ten is bad. Really bad. Outstandingly bad. When seven out of the ten richest counties in America are proximate to Washington, DC, this is a statistical harbinger of national decline. Our current president not only didn’t change Washington from the inside, he quickly concluded he had no particular reason to want to.
It was 1982, Leopoldo Galtieri was doing a horrendous job of running Argentina and hungry, disappointed people had begun to complain about it. Galtieri decided to initiate a war with Great Britain over the Falkland Islands to Rodeo-Clown the attention of the Argentinean public away from his own inability to govern. Onwar.com describes Galtieri’s motivations for adding to the sum total of human misery below.
In early 1982 the Argentine military junta led by Lieutenant General Leopoldo Galtieri gave up on long-running negotiations with Britain and instead launched an invasion of the islands. The decision to invade was chiefly political: the junta, which was being criticized for economic mismanagement and human rights abuses, believed that the “recovery” of the islands would unite Argentines behind the government in a patriotic fervour.
The plan, and Argentinean public opinion, both blew up in Galtieri’s face. He lost his war, was driven from power, and is remembered more for his appearance in the lyrics of an obscure Pink Floyd Song than for his impact on human history. However, that hasn’t stopped others from following in his benighted footsteps. As Redstate Front Page Contributor, Jeff Emanuel recently wrote, China and Japan are close to initiating violent unpleasantness over a bunch of Islands in the East China Sea.
Do you want an echo, or do you want a choice? Would you like to participate in an election that meant something other than an additional inconvenience as a part of your morning commute? These are rhetorical questions for my five or six constant readers. For those not already convinced this election offered a stark and compelling contrast, Mother Jones just hit the Easy Button for you with their incomplete but controversial videotape of Mitt Romney claiming that 47% of America was dependent upon government. This election just became a choice of existential gravity. A or ~A. America or Amerika.
America has yet another reason to grow tired of Barack Obama’s failed economic policies. On the same day he released a new campaign ad entitled “Tires,” Goodyear Tire and Rubber Incorporated seems to have cracked an axle. As the travails of President Obama’s failed government corporatism hit home, I read the following from The Gadsden Times. According to press reports, the plant in Danville, Va., | Read More »
We all know who could settle the current public school teacher strike in Chicago. Karen Lewis tells us the delegates could settle it by this Wednesday, provided they like the latest proposal from the Mayor. Mayor Emanuel tells us the strike is illegal and the Cook County Circuit Court could order the work stoppage unclogged with a flourish of the judicial pen. The parents of 350,000 children, who sit at home and in some cases unsupervised, thought they had elected Mayor Emanuel to deal with this sort of situation. Yet one man could make one or two phone calls and turn this whole thing off like a light. Unfortunately, that chair sits empty.
I’ve taken a deep breath since the Fed announcement of QE III and no longer care whether or not The Ben has a bumper sticker supporting Obama/Biden on the bumper of The Benmobile. I can’t stop the man, so the deeper question is one of whether he has improved my existence or made it worse. I disagree with many here and opine that QE III will make America a worse place in three respects. It will make us all more susceptible to moral hazard, it will make politicians less accountable, and it will fail in its stated objective of ever improving unemployment.