January 8, 2011
Long but excellent article on Western decline.

January 6, 2011
“In this version, only hope dies.”

“In this version, only hope dies.”

December 20, 2010
Debt monetization = bull market.

Debt monetization = bull market.

December 16, 2010
The virtuous cycle of state-controlled capitalism.

The virtuous cycle of state-controlled capitalism.

November 23, 2010
Enjoy your holiday travels!

Enjoy your holiday travels!

November 20, 2010

SNAP!

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Filed under: amerika 
November 19, 2010

QE2 Explained.

November 18, 2010

TSA!

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Filed under: obama amerika tsa 
November 17, 2010
"The bill would have amended the Equal Pay Act by limiting employers’ basis for defending differential wages, when responding to charges of sex-based wage discrimination, to reasons such as differences in workers’ experience or training."

No need to include things like:

  • Work ethic
  • Leadership capacity
  • Innovation

…in compensation.  Let’s just look up everyone’s income on a government provided table, ok?

(Source: marketwatch.com)

November 10, 2010
Deficit panel co-chairs recommend $200 bln in cuts

Woo hoo! $2bn out of $1.3T (annually).  Here’s my deficit reduction (elimination) plan:

  • Eliminate social security except for the poor or disabled
  • Eliminate medicare except for the poor or disabled
  • Remove military from all first world countries (Germany, South Korea, Japan)
  • Poor is defined as income less than $50 / day and net worth of less than $25,000. 

And those aren’t even controversial.  I’d be in favor of much deeper cuts to almost all federal programs, of course.

October 8, 2010
112mm people pulling the 330mm person wagon.

112mm people pulling the 330mm person wagon.

September 20, 2010
In Soviet America, the bankrupt foreclose on you.

Ally Financial Inc.’s GMAC Mortgage unit told brokers and agents to halt evictions tied to foreclosures on homeowners in 23 states including Florida, Connecticut and New York.

This will solve nothing.

This will cause real harm to the housing market and people who can afford houses (at reasonable, post-bubble prices):

The lender will also suspend sales of properties on which it has already taken possession. The letter tells brokers to notify buyers that the company will extend closing dates by 30 days. Buyers will be able to cancel their agreement to purchase and get their deposit back, according to the letter.

And this explains the whole story:

Detroit-based Ally, the auto and home lender formerly known as GMAC Inc., is 56.3 percent owned by the U.S. after more than $17 billion of taxpayer bailouts.

September 16, 2010
"Pick at random any three letters from the alphabet, put them in any order, and you will have an acronym designating a federal agency we can do without."

George F. Will - Trifle with the government? Just ask Jacob Maged

August 18, 2010
Repeated Injuries and Usurpations

Let’s have a little fun with the Declaration of Independence.  How similar is Obama to King George?  Here are the charges against the latter and my fun comments:

 

He has refused his Assent to Laws, the most wholesome and necessary for the public good. GM/Chrysler Bankruptcy Chaos
He has forbidden his Governors to pass Laws of immediate and pressing importance, unless suspended in their operation till his Assent should be obtained; and when so suspended, he has utterly neglected to attend to them. Arizona Immigration
He has refused to pass other Laws for the accommodation of large districts of people, unless those people would relinquish the right of Representation in the Legislature, a right inestimable to them and formidable to tyrants only. Nothing yet! Go Obama!
He has called together legislative bodies at places unusual, uncomfortable, and distant from the depository of their public Records, for the sole purpose of fatiguing them into compliance with his measures. His States of the Union couldn’t be more painful… but no tyranny here.
He has dissolved Representative Houses repeatedly, for opposing with manly firmness his invasions on the rights of the people. N/A
He has refused for a long time, after such disolutions, to cause others to be elected; whereby the Legislative powers, incapable of Annihilation, have returned to the People at large for their exercise; the State remaining in the mean time exposed to all the dangers of invasion from without, and convulsions within. N/A
He has endeavoured to prevent the population of these States; for that purpose obstructing the Laws for Naturalization of Foreigners; refusing to pass others to encourage their migrations hither, and raising the conditions of new Appropriations of Lands. Let’s only allow immigration to the illiterate.
He has obstructed the Administration of Justice, by refusing his Assent to Laws for establishing Judiciary powers. Black Panthers voter intimidation
He has made Judges dependent on his Will alone, for the tenure of their offices, and the amount and payment of their salaries. N/A
He has erected a multitude of New Offices, and sent hither swarms of Officers to harrass our people, and eat out their substance. This is Obama’s daily mission.
He has kept among us, in times of peace, Standing Armies without the Consent of our legislatures. War in Afghanistan and Iraq (Bush too).
He has affected to render the Military independent of and superior to the Civil power. N/A
He has combined with others to subject us to a jurisdiction foreign to our constitution Obama: Citizen of the World, and unacknowledged by our laws; giving his Assent to their Acts of pretended Legislation:
For Quartering large bodies of armed troops among us: N/A
For protecting them, by a mock Trial, from punishment for any Murders which they should commit on the Inhabitants of these States:N/A
For cutting off our Trade with all parts of the world:Chinese tariffs
For imposing Taxes on us without our Consent: Daily M.O.
For depriving us in many cases, of the benefits of Trial by Jury: N/A
For transporting us beyond Seas to be tried for pretended offences N/A
For abolishing the free System of English Laws in a neighbouring Province, establishing therein an Arbitrary government, and enlarging its Boundaries so as to render it at once an example and fit instrument for introducing the same absolute rule into these Colonies: Boy, would he love to do this, but N/A
For taking away our Charters, abolishing our most valuable Laws, and altering fundamentally the Forms of our Governments: Daily M.O.: what happened to the republic? 
For suspending our own Legislatures, and declaring themselves invested with power to legislate for us in all cases whatsoever. States have no rights now.
He has abdicated Government here, by declaring us out of his Protection and waging War against us. Feels about right, but N/A
He has plundered our seas, ravaged our Coasts, burnt our towns, and destroyed the lives of our people. BP Oil Spill
He is at this time transporting large Armies of foreign Mercenaries to compleat the works of death, desolation and tyranny, already begun with circumstances of Cruelty & perfidy scarcely paralleled in the most barbarous ages, and totally unworthy the Head of a civilized nation. N/A
He has constrained our fellow Citizens taken Captive on the high Seas to bear Arms against their Country, to become the executioners of their friends and Brethren, or to fall themselves by their Hands. N/A
He has excited domestic insurrections amongst us, and has endeavoured to bring on the inhabitants of our frontiers, the merciless Indian Savages, whose known rule of warfare, is an undistinguished destruction of all ages, sexes and conditions. Daily M.O. (the first part).  The country has never been this divided except the first Civil War (the second one is right around the corner)

In every stage of these Oppressions We have Petitioned for Redress in the most humble terms: Our repeated Petitions have been answered only by repeated injury. (Daily M.O.) A Prince whose character is thus marked by every act which may define a Tyrant, is unfit to be the ruler of a free people.  Sounds about right to me!

August 12, 2010
$787bn well spent!

$787bn well spent!

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