by Thomas Sowell
If you are driving along and suddenly see a big red rubber ball come bouncing out into the street, you might want to put your foot on the brake pedal, because a small child may well come running out into the street after it.
We all understand that an inexperienced young child who has his mind fixed on one thing may ignore other things that are too dangerous to be ignored. Unfortunately, too much of what is said and done in politics is based on the same tunnel vision pursuit of some “good thing,” in utter disregard of the repercussions.
For years, homeownership was a big “good thing” among both liberal Democrats like Rep. Barney Frank and Sen. Christopher Dodd, on the one hand, and moderate Republicans like President George W. Bush on the other.
Raising the rate of homeownership was the big red bouncing ball that they pursued out into the street, in utter disregard of the dangers.
A political myth has been created that no one warned of those dangers. But among the many who did warn were yours truly in 2005, Fortune and Barron’s magazines in 2004 and Britain’s The Economist magazine in 2003. Warnings specifically about the dangerous roles of Fannie Mae and Freddie Mac were made by Federal Reserve Chairman Alan Greenspan in 2005 and by Treasury Secretary John W. Snow in 2003.
Many, if not most, of the children who go running out into the street in pursuit of their bouncing ball may have been warned against this by their parents. But neither small children nor politicians always heed warnings. (more…)
Posts Tagged ‘Politics’
Posted in Corruption, Politics, tagged Bailout Scandal, Bank of America, Barclays, Big Business, Big Oil, Big Pharmaceuticals, BP, Chevron, Citigroup, CONOCO, Exxon Mobil, Financial System, Gangbangers, Globalization, Goldman Sachs, Government Corruption, JPMorgan Chase, Military Industrial Complex, Morgan Stanley, Pharmaceutical Industry, Politics, Royal Dutch Shell, Securities and Exchange Commission, UBS AG, US Economy, Wall Street, Wells Fargo on January 8, 2013 | 2 Comments »
Re-posted from: BlackListedNews.com | January 6, 2013
Source: The Age
If you’ve ever suspected politics is increasingly being run in the interests of big business, I have news: Jeffrey Sachs, a highly respected economist from Columbia University, agrees with you – at least in respect of the United States.
In his book, The Price of Civilisation, he says the US economy is caught in a feedback loop. ”Corporate wealth translates into political power through campaign financing, corporate lobbying and the revolving door of jobs between government and industry; and political power translates into further wealth through tax cuts, deregulation and sweetheart contracts between government and industry. Wealth begets power, and power begets wealth,” he says.
Sachs says four key sectors of US business exemplify this feedback loop and the takeover of political power in America by the ”corporatocracy”.
First is the well-known military-industrial complex. (more…)
Posted in Politics, tagged 2012, Democrat, Diminishing returns, DNC, Election Day, Election Fraud, elections, Electoral fraud, fraud, GOP, Mitt Romney, Obama, Politics, President, Reason, Republican, Romney, United States, Wildly Out Of Control And The Election Was A Sham on November 18, 2012 | Leave a Comment »
Is it Reason One, Two or Three? Your Guess is Likely as Good as Mine
For those of us who watched the votes mysteriously go from red to blue during the recent presidential election, we might just know the reason.
The majority of us are skeptical about the outcome, and it’s likely that many of us already know the election was flawed, if not fully rigged. It appears to be a flimflam job perpetrated against the American people.
Like millions of others, I watched the election debacle take place, but now I fail to understand the silence in both the Romney camp and that of the greater GOP.
But the real question is why?
Specifically, why is Romney and the whole of the GOP remaining so quiet about obvious inconsistencies in the election proceedings, as well as suspected and probable wrong-doings, which certainly led to its results? (more…)
Posted in Mainstream Media, Media Bias, Politics, tagged Barack Obama, David Plouffe, Left-Wing, Mainstream Media, Media Bias, Mitt Romney, MTN Group, Politics, White House on August 20, 2012 | Leave a Comment »
As a registered but less-than-loyal Democrat, I long scoffed at the long-held notion that the news media have a left-leaning, anti-Republican bias.
I didn’t believe it, primarily because I chose not to believe it. Plus, the media confirmed for me that mine was the noble side. Heck, there was no other side.
But I now know — and have for some time — that I was pulling my own leg. The notion of such a bias is not merely a notion; it’s true.
Our news media, especially as seen and heard during nationally broadcasted news, engages in highly selective story-choosing, story-telling and subsequent indignations and outrages that are first weighed on political scales.
Early this month a spectacular story was given tiny attention, and none, as far as I watched, on nightly national newscasts.
In December 2010, David Plouffe, soon to be reappointed a senior adviser to President Obama, gave two speeches in the desperately poor country of Nigeria.
Speeches for which he was paid a total of $100,000.
Holy moly! What did he have to say in Nigeria that was worth 100 grand? He must have revealed the cure for a country ranked 158th among 177 in economic development, a country in which an estimated 70% of humanity live — barely, and not for long — in severe poverty and in the mortally unhealthy conditions that accompany nothingness.
But, no, that wasn’t it. (more…)
Posted in Obama, Videos, You Tube, tagged Dick Morris, Income tax, mOBAMAd, Obama, Obamacare, Obungler, Patient Protection and Affordable Care Act, Politics, Tax, Taxation, United State, United States on July 21, 2012 | Leave a Comment »
Watch the video below describing income tax adjustments that Obama plans to implement in his 2nd term – just the facts, from Dick Morris of the Clinton Administration.
Instead of paying SS tax on the first $106k of your income, you will pay SS tax on 100% of your income, mortgage deductions will be reduced by half if you are in the 150k bracket or eliminated completely if you are in the 250K bracket; same with charitable contributions Also, capital gains tax will go up from 15% to 30%.
If you and your spouse make about$150k per year, your income tax will go up an additional ~$15,000/year more than you currently pay.
If you and your spouse make $250K per year, your income tax will go up an additional ~$40,000/year more than you currently pay.
All true… this is where the Obamacare money comes from – us!
Also see: Frédéric Bastiat Quotations (on government and taxation)
Posted in Obama, tagged 111th United States Congress, Barack Obama, Immigration, Politics, Thomas Jefferson, United States, United States Congress, United States Constitution on December 28, 2010 | Leave a Comment »
So when are we going to toss Obama and his criminal cronies in Congress into 5×8-ft. prison cells? I’m certain they’ll all make great jailhouse bitches. It’s what cowardly criminals do.
The top 10 violations of the Constitution by Obama and the 111th Congress
Paul B. Skousen | 12/27/2010
Article 1.8 makes it clear that the FCC is not constitutionally authorized to pass laws, especially those disguised as regulations. At the close of the 111th Congress, America is deeply in the bog of Thomas Jefferson’s prophetic warning: “The two enemies of the people are criminals and government, so let us tie the second down with the chains of the Constitution so the second will not become the legalized version of the first.” Unfortunately, the broken chains of the Constitution have failed to contain the federal government.
By way of review, let’s take a stroll through the junkyard of constitutional violations that have been painted fresh by President Obama and the 111th Congress. Here’s my top-ten list, highly abbreviated for length. (more…)
It’s the Christmas season, so godless liberals are citing the Bible to demand the redistribution of income by government force. Didn’t Jesus say, “Blessed are the Health and Human Services bureaucrats, for theirs is the kingdom of heaven”?
Liberals are always indignantly accusing conservatives of claiming God is on our side. What we actually say is: We’re on God’s side, particularly when liberals are demanding God’s banishment from the public schools, abortion on demand, and taxpayer money being spent on Jesus submerged in a jar of urine and pictures of the Virgin Mary covered with pornographic photos.
But for liberals like Al Franken, it’s beyond dispute that Jesus would support extending federal unemployment insurance.
This has absolutely nothing to do with the Bible, but it does nicely illustrate Shakespeare’s point that the “devil can cite Scripture for his purpose.” (more…)
by David Deming
There is a whiff of anarchy in the air this morning. As I sit here writing, a conservative victory in the midterm elections looms. But I find no reason to be optimistic. The midterm elections will solve nothing. The plain fact is that conservatives have lost the battle for America. The country that many of us were born in has ceased to exist. And we have no one to blame but ourselves. Nothing can or will change until we come to terms with the grim reality of moral degeneration. And I have no hope that this can happen, save by some terrible trial. (more…)
In the October issue of Vanity Fair now on newsstands, Michael Gross reverts to junior high school to issue gossip-girl digs at Sarah Palin. Next up in Vanity Fair: “Sarah Palin Super Stuck Up; Thinks She’s All That.”
Gross dramatically reveals, for example, that her speech in Wichita, Kan., was “basically the same speech she gave 18 hours earlier to the Tea Party group in Independence (Mo.).”
A politician repeated lines in a speech? You must be kidding! Hello, Ripley’s? No, you cannot put me on hold. This is a worldwide exclusive. I’m sitting on a powder keg here.
Barry Soetoro (a.k.a B. Hussein Obama, illegal alien, bigot, racist, Kenyon National, unlawful prez, liar, enemy of the USA, homosexual and radical Muslim) has within his short stint in office become the most highly irritating and pungent value on the Scoville Unit scale (metaphorically speaking).
Talk about an idiot blowing his chances, he takes the proverbial cake. Imagine how much the black community in the USA has been awaiting a black leader who just might make it to the white house. The black community is now turning against Obama in droves, and rightly so. He was the wrong choice at the wrong time. (more…)
I LOVE this. The new kind of politics of hope. Eight hours of debate in the House of Representatives to pass a bill spending $820 billion – or roughly $102 billion per hour of debate.
Only 10 percent of the “stimulus” to be spent on 2009.
Close to half goes to entities that sponsor or employ (or both) members of the Service Employees International Union, federal, state, and municipal employee unions or other Democrat-controlled unions.
This bill is sent to Congress after President Obama has been in office for seven days. It is 680 pages long. According to my calculations, not one member of Congress read the entire bill before this vote. Obviously, it would have been impossible, given his schedule, for the president to have read the whole thing.
For the amount spent, we could have given every unemployed person in the United States roughly $75,000.
We could give every person who had lost a job and is now passing through long-term unemployment of six months or longer roughly $300,000.
There has been pork-barrel politics since there has been politics, but the scale of this pork is beyond what had ever been imagined before – and no one can be sure it will actually do much stimulation.
Further, no one can be sure that we are not already at the trough of the recession – such that this money will be spent mostly after the recovery is well under way.
How long until the debt incurred under this program is so immense that it causes a downgrade in the nation’s sovereign debt? What happens to us then?
This has been a punch in the solar plexus to the kind of responsible, far-seeing, mature government processes that are needed to protect America. This is more than pork-barrel – this is a coup for the constituencies of the party in power and against the idea of a responsible government itself. A bleak day.
Unfortunately, it is only the latest in a long series of such days stretching across decades of rule by both parties, to the point where truly responsible government is only a distant echo of our forgotten ancestors.
Writer, actor, economist and lawyer Ben Stein lives in Beverly Hills and Malibu. From the Web site of The American Spectator, spectator.org.
A Russian analyst has predicted that the United States will decline and divide into separate parts, according to the Drudge Report. Glenn has talked about the rising disenfranchisement in the country and how states aren’t necessarily bound to stick around — is it possible for states to start bailing? Glenn shows how he thinks the new country will look in this amazing illustration. Read the transcript. Insiders listen here.
Will you please take the time to read this, and if you think it worthwhile, pass it along to your email list, and ask them to read it? Even if they voted, with all good intentions, for Mr. Obama?
I am a student of history. Professionally. I have written 15 books in six languages, and have studied it all my life. I think there is something monumentally large afoot, and I do not believe it is just a banking crisis, or a mortgage crisis, or a credit crisis. Yes these exist, but they are merely single facets on a very large gemstone that is only now coming into a sharper focus.
Something of historic proportions is happening. I can sense it because I know how it feels, smells, what it looks like, and how people react to it. Yes, a perfect storm may be brewing, but there is something happening within our country that has been evolving for about ten – fifteen years. The pace has dramatically quickened in the past two.
We demand and then codify into law the requirement that our banks make massive loans to people we know they can never pay back? Why?
We learn just days ago that the Federal Reserve, which has little or no real oversight by anyone, has “loaned” two trillion dollars (that is $2,000,000,000,000) over the past few months, but will not tell us to whom or why or disclose the terms. That is our money. Yours and mine. And that is three times the 700B we all argued about so strenuously just this past September. Who has this money? Why do they have it? Why are the terms unavailable to us? Who asked for it? Who authorized it? I thought this was a government of “we the people,” who loaned our powers to our elected leaders. Apparently not. (more…)
In a recent post, I relayed a story told to me by a former left-wing activist and fundraiser. I’ll call him “The Gay Stoner”.
My contact with TGS is an offshoot of Operation Chaos. Hillary had many supporters in the wealthy foundations and funding operations of the Left. Rush’s brilliant operation has thwarted plans for unity and political victory.
Not only split on a candidate, an Obama presidency itself would hurt foreign funding sources for the multi-billion dollar “Peace and Justice” bullshit business.
From Rev. Al and The Trinity (Marx, Che and Black Jesus) Church to left-wing clearing houses like the PSFG, without a Republican in the White House, people like the The Gay Stoner and their bosses would be out of work.
Pot is very expensive and so are summers on Fire Island.
COLUMBIA UNIVERSITY COMES TO ITS SENSES AND WILL AX PLAGIARIST NOOSE PROF
Columbia University’s academic standards have been slipping. It’s pathetic faculty was deciding who got to teach there based on shoddy politics. But after suffering every conceivable way in the aftermath of its ludicrous decisions, Columbia University has finally come to its senses and announced it’s firing its Black plagiarist politically virulent fuck-face of a professor, Madonna Constantine…
Posted in Liberals, Politics, tagged Add new tag, Blacks, DNA, genes, genetics, Henry Louis Gates, intellectual inferiority, intelligence quotient, IQ, James Watson, Jr., Liberals, Politics, Racism, Whites on June 2, 2008 | Leave a Comment »
Liberals have trouble talking about some issues. When they do, they go nuts. It’s too bad, because some issues are worth talking about. Like are women as good at math as men are? Or, are blacks and whites just as smart?
James Watson, Nobel Laureate, the father of DNA, said something along the lines that blacks aren’t as smart as whites. It raised a row. Then Henry Louis Gates Jr. hammered Watson with questions about race and genetics. Here’s what came of it… (more…)