Obama Will Veto Payroll Tax Extension If The Keystone Pipeline Comes With It
President Barack Obama wears the crown of Aquilonia on a troubled brow. He fears for the welfare of his humble subjects. He expressed that touching concern in his speech this week in TexasKansas. He elucidates below: “Fewer and fewer of the folks who contributed to the success of our economy actually benefited from that success,” Obama said Tuesday. “Those at the very top grew wealthier | Read More »
Obama On Technology: Prometheus Had It Coming
These changes didn’t just affect blue-collar workers. If you were a bank teller or a phone operator or a travel agent, you saw many in your profession replaced by ATMs or the internet. – President Barack Obama (HT: RealClearPolitics) They obviously don’t dispense wisdom and knowledge at Harvard or Columbia like they used to. Here we have a man who prior to being elected President | Read More »
So Why Really Care That Jon Corzine Spent The Money Of Others?
The clowns and villains who run America have accomplished something really epic: they have vanquished meaning. Nobody knows what anything means anymore. Anything goes now. All bets are off. (HT: James Howard Kuntsler) Given Barack Obama and Joe Biden’s eager determination to right all wrongs in America and extend the shining light of equality from coast to coast; and to all 57 states in between, | Read More »
What Do You Do With 300K Discouraged Workers?
We have a new jobless report, and it’s the good, the bad and the ugly.
Egypt 1 – Globalism 0
Let’s stipulate upfront that the Muslim Brotherhood’s Reagan-like domination of Egypt’s Parliamentary Elections is probably an international setback to the United States, Israel and most of Southern Europe. Results thus far encompass areas that were probably most friendly to the Facebook Revolutionaries and the Western World they represented. Amongst the cosmopolitan voters over at Starbucks, the Muslim Brotherhood holds leads in 50% of the seats. | Read More »
President Eisenhower Predicted Global Warming
Today, the solitary inventor, tinkering in his shop, has been overshadowed by task forces of scientists in laboratories and testing fields. In the same fashion, the free university, historically the fountainhead of free ideas and scientific discovery, has experienced a revolution in the conduct of research. Partly because of the huge costs involved, a government contract becomes virtually a substitute for intellectual curiosity. For every | Read More »
There Are Profoundly Wrong Reasons To Oppose Mitt Romney For President
Mormonism’s best inheritance from Joseph Smith was his passion for education, hardly evident in the anti-intellectual and semi-literate Southern Baptist Convention. I wonder though which is more dangerous, a knowledge-hungry religious zealotry or a proudly stupid one? Either way we are condemned to remain a plutocracy and oligarchy. I can be forgiven for dreading a further strengthening of theocracy in that powerful brew. – Harold | Read More »
Retirements: An Early Reading On The 2012 House Race
I assume that polling for Congressional races one year before they occur has little predicative power in races for perennially competitive seats. Thus, the Generic Congressional Vote numbers will probably offer little perspicacity between now and next Summer. Like an investor who tracks what corporate insiders do prior to investing or divesting in a stock, I find the recent trend of retirements in the House | Read More »
What An Angry, Conservative Belgian Could Tell The GOP.
A Belgian reader wrote into Business Insider.com to describe the deteriorating economic and political conditions faced by citizens in that fair land. He lays out an eight-point manifesto that offers at least some valid ideas a determined American Conservative could run for President on as a platform. Details follow below.
MF Global: Wall Street Fraud Extends Down To The Farm.
The amount of customer money missing from the collapsed trading firm MF Global may be more than $1.2 billion — double previous estimates — the trustee dismantling the firm’s brokerage unit said on Monday. (HT: Dealbook.com) MF Global blew up like the HMS Hood and took $1.2 Bn in customer funds down to Davy Jones’ Locker along with it. The Chicago Mercantile Exchange now has | Read More »
#OWS! (Unless it’s Wall Street DEMOCRAT Jon Corzine stealing the $M600).
Jon Corzine’s MF Global is missing $600 million of customer money, and the bankruptcy trustee has no idea when it might be found or when investors might be paid back, if ever. The New York Times today says that the investigation points to the conclusion that the firm simply misappropriated (that is, stole) customer money to back up failing bets on the distressed bonds of | Read More »
Congress, Guns N’ Roses and Deficit Spending
I used ta do a little but a little wouldn’t do it So the little got more and more I just keep tryin’ ta get a little better Said the little better than before Guns N’ Roses
Chelsea Clinton and the Travails of the Undeserving 1%
In another win for the famously blind meritocracy that rules American life, rewarding the ultra-talented and pushing the less brilliant and skilled into the outer darkness, Chelsea Clinton has landed a coveted position at NBC News. This was almost as much a surprise as her admission to Stanford… – Walter Russell Mead Via Meadia I hope that the #OWSers, those mighty progressive warriors, those fine | Read More »
The Calculus of Deficit Spending
Mathematicians often rely on the old saw that a picture is worth a thousand words. The picture displayed above is Coyote Morning Ugly. Christopher Rupe and Nathan Martin of EconomicEdge.Com have examined the marginal utility of America’s continued deficit spending over time. Quite simply put, each year’s deficit spending produces less present value per dollar spent.
Another Argument For Smaller Government: Let’s Make Amerika The Good-Guys Again
“We’ve been a little bit lazy over the last couple of decades. We’ve kind of taken for granted — ‘Well, people would want to come here’ — and we aren’t out there hungry, selling America and trying to attract new businesses into America.” – President Barack H. Obama fires up the troops. (Ht: Brietbart.com)