The importance of being completely hairless when bowling.....
Federalism, Free Markets and the Liberty To Let One's Mind Wander. I Am Very Worried About the Fate of Liberty in the USA, Where Government is Taking people's Lives ____________________________________________________________________________________________ "Extremism in defense of liberty is no vice. Tolerance in the face of tyranny is no virtue." -Barry Goldwater-
there is need to emphasize the truism that a government can spend or invest only what it takes away from its citizens and that its additional spending and investment curtails the citizens' spending and investment to the full extent of its quantity. (Human Action, p. 737)Wake up America. Government cannot create something out of nothing and most of the time, it creates nothing out of something. You are all fools.
-Ludwig von Mises-
The stock market may hit new lows this year or the next as the current rally has been largely caused by the money printed by central banks and fundamental problems remain unsolved, legendary investor Jim Rogers told CNBC Wednesday.From here. Jim Rogers is not my favorite, I think that he is a blowhard. He yaps constantly about this and that but in this case, I think that he is onto something and this something is something that I have been very worried about.
His views echo those of renowned bear Marc Faber, who told CNBC last week that the rises in share prices did not mean the world was embarking on a path of sustainable economic growth.
"I'm not buying shares if that's what you mean. Not at all," Rogers told "Squawk Box Asia."
"The bottom will probably come later this year, next year, who knows when," he added.
Governments have not solved the essential problems that caused the crisis but instead they "flooded the world with money," according to Rogers. Trying to solve the problem of too much consumption and too much debt with more consumption "defies belief" and will not work, he said.
The DHS (department of homeland security)recently published a report that
“Rightwing” extremists are, among other things, “mainly antigovernment, rejecting federal authority in favor of state or local authority, or rejecting government authority entirely. It may include groups and individuals that are dedicated to a single issue, such as opposition to abortion or immigration.”Oh my gawd, this is amazing. It is unimaginable that someone may not be part of the indoctrinated many and are not infatuated with the idea or concept of central government control over increasing swaths of American life.
America is coasting right now on the strength of genuine past victories and of the seemingly inexhaustible resources produced by a longtime mix of democracy and free markets. Lamentations and financial woes notwithstanding, most Americans still live cocooned in enough comforts so that it's easy to forget just how rough the world can get. If America won't lead the way, lay down the rules and proudly defend them, big change is indeed on its way. It won't be the change we seek.From here. The nation has had it easy for decades thanks to the formula that allows citizens the liberty to choose a path to success and also the freedom to fail. Now, under the Obamessiah, people are being promised that they never have to worry since the state will complete the cradle-to-grave social safety net. So why even work at it? All things will be paid for by the faceless 'rich' and one will never have to worry since you will have a nanny in Washington looking out for your well being. Its just stupid.
A Gallup Poll released Friday found that 51 percent of Americans now call themselves pro-life rather than pro-choice on the issue of abortion, the first time a majority gave that answer in the 15 years that Gallup has asked the question.Real values are starting to overcome the paper thin sclerotic Euro values that the country appeared to be moving towards as embodied by the starry eyed behavior towards the 'golden calf' Obamessiah. Hopefully, people are finally realizing that the nation is not one that lacks backbone or one that should have its backbone eviscerated like the campaigner-in-chief seems to want to do, but has real values, those rights and responsibilities that flow from God. If one wants to live in the valueless dreary cloud of European life, one can move there and live those values. God save us from the evil in Washington and cleanse the minds of those that have lost their way.
The findings, obtained in an annual survey on values and beliefs conducted May 7-10, marked a significant shift from a year ago. A year ago, 50 percent said they were pro-choice and 44 percent pro-life — in the new poll, 42 percent said they were pro-choice.
A Russian arrives in New York City as a new immigrant to the United States . He stops the first person he sees walking down the street and says, "Thank you Mr. American for letting me into this country, giving me housing, food stamps, free medical care, and a free education!"
In most of the developed world, the state has gradually annexed all the responsibilities of adulthood—health care, child care, care of the elderly—to the point where it's effectively severed its citizens from humanity's primal instincts, not least the survival instinct. Hillary Rodham Clinton said it takes a village to raise a child. It's supposedly an African proverb—there is no record of anyone in Africa ever using this proverb, but let that pass. P.J. O'Rourke summed up that book superbly: It takes a village to raise a child. The government is the village, and you're the child.From this Mark Steyn piece.
Then there’s national health care, an issue that reveals how boundless the progressive capacity is for both government expansion and self-delusion. The idea that the government could successfully manage the U.S. health care industry (which makes up 15% of the economy) and issue directives and payments to millions of health care providers while improving health outcomes, protecting patient rights, and reducing costs, belongs in books with fairy tales and unicorns.From here. People are completely delusional if one thinks that government is even remotely capable of providing healthcare that meets the above simple tests. This rush towards collectivism and the failed socialist policies of the 20th century is a catastrophe for all that are caught in its claws.
The Dept. Of Defense briefed the president this morning....
Morris and his wife Esther went to the state fair every year, and every year Morris would say, 'Esther, I'd like to ride in that helicopter.' Esther always replied, 'I know Morris, but that helicopter ride is fifty dollars, and fifty dollars is fifty dollars'
Bremmer says, correctly, that state capitalism "has introduced massive inefficiencies into global markets and injected populist politics into economic decision-making," that "deeper state intervention in an economy means that bureaucratic waste, inefficiency and corruption are more likely to hold back growth," and that politicians tend to develop stimulus packages with their constituencies, not economic efficiencies, in mind. Therefore, he says, the state must eventually retreat. He probably is wrong because he underestimates the pleasure politicians derive from using their nation's wealth as a slush fund for purchasing political advantage.From this George Will piece.
If you're not familiar with the work of Steven Wright, he's the famous erudite scientist who once said: "I woke up one morning, and all of my stuff had been stolen and replaced by exact duplicates."
1 - I'd kill for a Nobel Peace Prize.
2 - Borrow money from pessimists -- they don't expect it back.
3 - Half the people you know are below average.
4 - 99% of lawyers give the rest a bad name.
5 - 82.7% of all statistics are made up on the spot.
6 - A conscience is what hurts when all your other parts feel so good.
7 - A clear conscience is usually the sign of a bad memory.
8 - If you want the rainbow, you got to put up with the rain.
9 - All those who believe in psycho kinesis, raise my hand.
10 - The early bird may get the worm, but the second mouse gets the
11 - I almost had a psychic girlfriend, ...... but she left me before we met..
12 - OK, so what's the speed of dark?
13 - How do you tell when you're out of invisible ink?
14 - If everything seems to be going well, you have obviously overlooked something.
15 - Depression is merely anger without enthusiasm.
16 - When everything is coming your way, you're in the wrong lane.
17 - Ambition is a poor excuse for not having enough sense to be lazy.
18 - Hard work pays off in the future; laziness pays off now.
19 - I intend to live forever.... so far, so good.
20 - If Barbie is so popular, why do you have to buy her friends?
21 - Eagles may soar, but weasels don't get sucked into jet engines.
22 - What happens if you get scared half to death twice?
23 - My mechanic told me,"I couldn't repair your brakes, so I made your horn louder."
24 - Why do psychics have to ask you for your name?
25 - If at first you don't succeed, destroy all evidence that you tried.
26 - A conclusion is the place where you got tired of thinking.
27 - Experience is something you don't get until just after you need it.
28 - The hardness of the butter is proportional to the softness of the bread
29 - To steal ideas from one person is plagiarism; to steal from many is research.
30 - The problem with the gene pool is that there is no lifeguard.
31 - The sooner you fall behind, the more time you'll have to catch up.
32 - The colder the x-ray table, the more of your body is required to be on it.
33 - Everyone has a photographic memory; some just don't have film.
34 - Why is the alphabet in that order? Is it because of that song?
35 - If your car could travel at the speed of light, would your headlights work?
"The Republican Party is in deep trouble," Powell told corporate security executives at a conference in Washington sponsored by Fortify Software Inc. The party must realize that the country has changed, he said. "Americans do want to pay taxes for services," he said. "Americans are looking for more government in their life, not less."Here. So let me get this right. Government is providing what services? Are they the most effective or efficient service providers? I seriously doubt that this can reasonably be supported. Or are they promising services and arguing that people do not have to pay for them, that faceless "wealthy" people will pay for them? This is just another argument to layer on more debilitating middle-class handouts.
He blasted radio commentator Rush Limbaugh, saying he does not believe that Limbaugh or conservative icon Ann Coulter serve the party well. He said the party lacks a "positive" spokesperson. "I think what Rush does as an entertainer diminishes the party and intrudes or inserts into our public life a kind of nastiness that we would be better to do without," Powell said.Well, well, well. So the shrill left during the previous administration was not coarse? Remember Bush the chimp? CdhP, there is a big tent party that has sucked up to blacks for decades and that is the Democrats. If conservatives and the not-so-conservative Republican party are not left enough, then go to the Democrats. You can get handouts continuously there as long as the nation can continue to borrow money or tax the bejezzus out of people.
Basically, Madison warns (FP #44) of the slippery slope of government intervention in contracts and private property rights where arguments of a simple 'needed' abrogation of some contracts naturally leads to arguments for further intervention...
Bills of attainder, ex-post-facto laws, and laws impairing the obligation of contracts, are contrary to the first principles of the social compact, and to every principle of sound legislation. The two former are expressly prohibited by the declarations prefixed to some of the State constitutions, and all of them are prohibited by the spirit and scope of these fundamental charters. Our own experience has taught us, nevertheless, that additional fences against these dangers ought not to be omitted. Very properly, therefore, have the convention added this constitutional bulwark in favor of personal security and private rights; and I am much deceived if they have not, in so doing, as faithfully consulted the genuine sentiments as the undoubted interests of their constituents. The sober people of America are weary of the fluctuating policy which has directed the public councils. They have seen with regret and indignation that sudden changes and legislative interferences, in cases affecting personal rights, become jobs in the hands of enterprising and influential speculators, and snares to the more-industrious and less informed part of the community. They have seen, too, that one legislative interference is but the first link of a long chain of repetitions, every subsequent interference being naturally produced by the effects of the preceding. They very rightly infer, therefore, that some thorough reform is wanting, which will banish speculations on public measures, inspire a general prudence and industry, and give a regular course to the business of society.Madison argues that once the door of intervention in private contracts is cracked open, that eventually the gates will be flung wide open. This is evident to me as those that benefit from intervention will argue using the new precedents from the original interference to further degrade contracts and the rights to private property. Its a slippery slope to serfdom.
The Commerce Clause represents one of the most fundamental powers delegated to the Congress by the founders. The outer limits of the Commerce Clause power has been the subject of long, intense political controversy. Interpretation of the sixteen words of the Commerce Clause has helped define the balance of power between the federal government and the states and the balance of power between the two elected branches of the Federal government and the Judiciary. As such, it has a direct impact on the lives of American citizens.Use of the commerce clause in the Constitution, just 16 simple words that allowed Congress to regulate economic activity....
To regulate commerce with foreign nations, and among the several states, and with the Indian tribes;has allowed Congress and the Federal Government to do almost anything including dunning wages and redistributing them to others through such idiotic Ponzi scheme programs as Social Security and Medicare, has allowed the Federal Government to poorly and ineffectively regulate financial institutions that has probably created more systemic risk and not less, has crammed unfunded Federal mandates on states that will eventually become unmanageable, has created thousand of other redistribution programs, has allocated resources to housing and away from other competing investments through creating agencies that guarantee these loans and have created tax breaks for these same investments... and the list just goes on and on ad nauseum.
The money addicted federal government will have a very difficult time raising funds to meet its greatly expanded socialist agenda. Below is a unique partial solution to meet some of the shortfall.
I don't believe in a law to prevent a man from getting rich; it would do more harm than good. So while we do not propose any war upon capital, we do wish to allow the humblest man an equal chance to get rich with everybody else.This is the late Jack Kemp's favorite quote on entrepreneurial capitalism. Jack Kemp, an adherent of Ronald Reagan's low tax, supply side capital model, died this weekend and a number of pieces written by him over the past couple of decades can be read here.
Of course, Europe is worried but what the heck will those useless people do about it? Absolutely nothing. They will again look to the US to 'solve' this problem when it gets critical. They have been negotiating with Iran over its acquisition of nuclear weapons for a little less than a decade. And they have achieved nothing. Some define this as smart diplomacy, a tactic that the US is now expected to engage in.
Now that we are being led by an empty suit with an empty head, will be safer with all of these wacko left wing nutbags calling the shots with the military, the CIA and other organizations charge with protecting the American people? I think that the "change" will prove to be an unmitigated disaster....
The hope does not reside in the personality and cult of the Obamessiah and his enchanted multitudes of worshipers that look forward to life of bliss under government run healthcare, risk-free living under transfer payments in retirement and a multitude of Utopian government programs but in the real people that work, save, create and invest in the future of the nation, their States, communities and families. The hope resides with the people that do not need government assistance, that do not seek out this benefit and these same people that know that they will not prosper in this kind of world....
There is a major cultural schism developing in America. But it's not over abortion, same-sex marriage or home schooling, as important as these issues are. The new divide centers on free enterprise -- the principle at the core of American culture.From here.
Despite President Barack Obama's early personal popularity, we can see the beginnings of this schism in the "tea parties" that have sprung up around the country. In these grass-roots protests, hundreds of thousands of ordinary Americans have joined together to make public their opposition to government deficits, unaccountable bureaucratic power, and a sense that the government is too willing to prop up those who engaged in corporate malfeasance and mortgage fraud.
Voices in the media, academia, and the government will dismiss this ethical populism as a fringe movement -- maybe even dangerous extremism. In truth, free markets, limited government, and entrepreneurship are still a majoritarian taste. In March 2009, the Pew Research Center asked people if we are better off "in a free market economy even though there may be severe ups and downs from time to time." Fully 70% agreed, versus 20% who disagreed.No surprise that Democrats wish socialism upon the people. It is particularly trooubling that young people have been indoctorinated into believing that the dead hand of socialism is preferable to creating wealth through economic freedom.
Free enterprise is culturally mainstream, for the moment. Asked in a Rasmussen poll conducted this month to choose the better system between capitalism and socialism, 13% of respondents over 40 chose socialism. For those under 30, this percentage rose to 33%. (Republicans were 11 times more likely to prefer capitalism than socialism; Democrats were almost evenly split between the two systems.)