Sunday, July 28, 2013

Cause for REAL outrage

This story has circulated widely on conservative blogs, mostly prior to the exoneration of George Zimmerman.  It seemed worthwhile to look at the story again in the light of that exoneration.

        You won't recognize me. My name was Antonio West and I was the 13-month old child who was shot in the face at point blank range by two Black teens who were attempting to rob my mommy -- who was also shot. She didn't have any money, so they shot us both.

        Too bad I was given a death sentence -- shot right in my face  because my white mommy didn't have any money with her.

        My family made the mistake of being white in a 73% non-white neighborhood, but my murder was not ruled a Hate Crime. Nor did President Obama take so much as a single moment to acknowledge my murder.

        I am one of the youngest murder victims in our great Nation's history, but the media doesn't care to cover the story.  President Obama has no children who could possibly look like me -- so he doesn't care.  And CNN & NBC don't care because my story is not interesting enough to bring them ratings.  Neither Al Sharpton nor Jesse Jackson visited my family or promised to get justice for me.  I don't understand why.  Maybe if I had been allowed to grow older, I might have understood some day.

        There is not a white equivalent of Al Sharpton because if there was he would be declared racist, so there is no one rushing to Brunswick GA to demand justice for me. There is no White Panther party to put a bounty on the lives of those who murdered me. I have no voice, I have no representation, and unlike those who shot me in the face while I sat innocently in my stroller - I no longer have my life.

        So while you are seeking justice for Treyvon, please remember to seek justice for me too. Tell your friends about me, tell you families, get tee shirts with my face on them and make the world pay attention, just like you did for Treyvon.
Excerpt from Jon Jay, who offers a comprehensive coverage of the issues this raises, including the various Leftist attempts to wriggle out of the implications.

The perpetrator

17 year old De’Marquis Elkins  who shot and killed Antonio West the 13 month old baby who was sitting his  stroller

Elkins shot the infant in the face after the mother refused to give him money. He also shot the mother in the leg and the neck.

He did not use an assault rifle. He did not get his stolen pistol from a gun show.  He was never instructed in gun safety from his father, grandfather, the NRA or anyone with any sense of responsibility

His favorite music is rap, He did not attend Christian school, nor was he home schooled. He did attend multicultural public education

His Momma was on welfare, got food stamps, and lived in public housing. His daddy was not around, and his two brothers have a different daddy.

He already has a record for violent crimes. He is gang member.

His mom, grandma, and Aunty all voted for Obama.

His public education and family taught him that the white man owes him something.

He went to collect it.

He has no plans on getting married, but does have a Baby Momma, and no, he is not supporting her baby.

He smokes dope. He does respect Kayne West.

While he has no job, nor is looking for one, he is well fed. He has no skills outside of crime. He speaks Ebonics, and is not capable of doing a professional interview, even though he spent 11 years in our public education system.

He is one of millions.



More evidence that there is a vacuum between the ears of most Hollywood celebrities

According to a tweet sent Wednesday by singer Bette Midler, Republicans did everything they could to ensure the Allies lost to Adolf Hitler in World War Two, Twitchy reported.

"@GOP treats Mr. Obama the way they treated FDR in WWII. They did everything they could to ensure an Allied loss," she tweeted to her more than 449,000 followers.

A post at Twitchy called her tweet "ridiculous" and reminded readers that a very prominent Republican by the name of Dwight David Eisenhower not only led the Allied effort to defeat Hitler, he went on to become president.

History shows that the first woman elected to the U.S. Congress, Republican Jeannette Rankin of Montana, voted against declaring war in 1941, but she was the only member of Congress to do so. It was not the first time she opposed U.S. military action, having voted to keep American troops out of World War One.

Twitchy said Midler simply used the argument adopted by liberals that anyone who opposes Obama on anything is guilty of treason against the United States.

"Midler doesn’t seem to apply that same 'logic' when a Republican is president, however," Twitchy said.

Twitter users took Midler to task for her tweet.

"You should explain that to all the dead Republicans buried at Arlington National Cemetery," one person tweeted.

"Lets be real here," another person tweeted, "Midler knows as much about history as she knows about meteorology, not much, nothing."



Obamacaare Fee: $3; Cost of Paying: $100

Like a lot of conservatives, I have plenty of doubts about the president’s massive health care overhaul that’s going to change the way Americans get health coverage come Jan. 1, 2014. I think the plan is too big, too expensive, too cumbersome, too reliant on subsidies and imposes too may regulations. Although I support some of its goals, I would have surely voted against it were I a member of Congress.

Many on the political left — including a lot of thoughtful people whose opinions I respect — like the plan a lot more than I do. But I’ve just discovered a feature I think even they would agree is utterly futile.

Among the provisions that thousands (perhaps tens of thousands) of small businesses are soon going to have to comply with is one that requires filling out a hugely complex form and paying an accountant to review and file it. In the case of the R Street Institute, we will be paying our accountant $53 to file this form. That may not sound like much but, aye, here’s the rub:

Our fee came to just $3.

You read that right. We will be spending, when you figure in staff time, at least $100 to comply with a bureaucratic mandate, just so the government can collect a $3 fee. Even our accountant was dumbstruck; you can read his take here.

This so-called “Patient-Centered Outcomes Trust Fund Fee” is imposed on health insurance plans and employer-funded Health Reimbursement Arrangements. R Street offers HRA as an employee benefit, which allows us to reduce our base health insurance premium by opting for a higher deductible plan without disadvantaging employees with higher health care costs. As an employer, we cover the entire premium, and fund the full $1,000 in HRA benefits ourselves.

If the Patient-Centered Outcomes Trust Fund is to exist at all, taxes on health insurers and big health plans might well be a good way to fund it. But a form that costs $100 to fill out so that the government can collect $3 in revenue is simply pointless by any standard. Furthermore, since few people seem to know about the rule (final guidance just came out) one imagines a great many small businesses are probably going to be in breach come July 31st.

There’s both a Regulatory Flexibility Act and a Small Business Administration Office of Advocacyspecifically intended to prevent the government from imposing requirements this stupid. Right now, they seem to be asleep at the switch.

This has got to change.



More Anti-Capitalist Hypocrisy from the Left

Liberals want to force Goldman Sachs out of warehouse business

A Democratic Senator from Ohio, Sherrod Brown, plans a hearing Tuesday and wants the Federal Reserve to get banks out of the warehouse business. The New York Times previewed the hearing with a 3,600-word article that ran at the top of its Sunday front page and that blamed Goldman for costing American consumers more than $5 billion over three years in higher costs for canned soda, beer, and other products.

The Times followed up with a series of staff Twitter posts telling readers what to think about the news: “Don’t miss: damning story on how Goldman Sachs manipulates aluminum market….This story will fuel notion that Goldman is a ‘giant vampire squid.’”

There you have left-wing hypocrisy in a nutshell. When a government official like New York mayor Michael Bloomberg tries to reduce the public consumption of sugary beverages with a tax that makes the drinks more expensive, he’s a public health hero. But when it’s a profit-generating company that stands accused of increasing beverage costs, it’s a greedy manipulative Wall Street blood-sucker.

In Goldman’s case, it’s not even clear that the firm has increased the price of beverages or of other aluminum products. In February 2010, when Goldman announced it was buying the metal warehouse Metro International Trade Services, a metric ton of aluminum cost about $2,053. Last month, it cost about $1,815.

And if Goldman were increasing the cost of aluminum cans, it’s not clear that the practices are in any way related to its status as a bank. Some non-bank firm could also buy an aluminum warehouse and try to jack up rent to customers.

The best way to deal with the problem of aluminum can prices — if that is a problem at all — is not for the government to decide who can or can’t buy an aluminum warehouse. It’s allowing the market to address the issue, either through new entrants — competition — or vertical integration.

Slate’s Matthew Yglesias noted the Times article failed to explain why someone else doesn’t just open up an aluminum warehouse that moves faster than the one Goldman runs, or charges lower rent. It’s not like the warehouse business has such high barriers to entry or is so capital intensive that no one else can compete.

Another possibility is that the aluminum end-users, such as the beverage or aluminum foil companies or Boeing, can own and operate their own warehouses. If they think they can do it cheaper or better than Goldman, nothing is stopping them from trying.

For the Federal Reserve, or Congress, to tell banks they can’t be in the warehouse business, though, is a risky proposition. The flip side of it is the regulators telling the bankers that they can only invest in certain government-approved things, such as bonds that are AAA rated by a nationally recognized rating agency, or mortgage debt backed by Fannie Mae or Freddie Mac. And we all know how that ended up.

Sure, if bank deposits are going to be backed by Federal Deposit Insurance or the institutions themselves are going to be subsidized or backstopped by the taxpayers, then there needs to be some oversight of how the banks invest capital. But there what regulators need to be watchful for is bank investments that lose too much money, not investments that make too much money, as the Goldman aluminum warehouse is accused of doing.

The best public policy outcome would be to take a hard look at the subsidies and the taxpayer backstops, so that a bank owning an aluminum warehouse wouldn’t be any different from any other company owning one.



Chicago’s Struggles Reflected In Big Moody’s Credit Downgrade

First the Motor City, then the Windy City.

In the same week the City of Detroit made national headlines by filing the largest municipal bankruptcy in national history, the City of Chicago made smaller headlines when Moody’s Investors Service announced it had hit the city with a nearly unprecedented triple-downgrade of its credit rating on general obligation bonds.

Chicago now has a credit rating four notches below New York and Los Angeles and below other large cities in the Midwest, including Milwaukee and Cleveland.

In a statement, Chicago Mayor Rahm Emanuel said, “This confirms what I have been saying for more than a year. Without comprehensive pension relief from Springfield, municipalities such as Chicago will continue to receive negative reviews from rating agencies.” Emanuel became mayor in 2011, following the 22-year reign of Richard M. Daley.

Higher Debt Service Costs

The three-notch downgrade – with a negative outlook – does not bode well for Chicago’s bond investors, residents, or taxpayers. The city’s debt is estimated at $8.2 billion, and the big drop in its credit rating means its costs of repaying the debt and issuing debt in the future are sure to go up.

“The downgrade of the [general obligation bond] rating reflects Chicago's very large and growing pension liabilities and accelerating budget pressures associated with those liabilities,” Moody’s wrote in announcing the downgrade. “The city's budgetary flexibility is already burdened by high fixed costs, including unrelenting public safety demands and significant debt service payments. “

Those fixed costs could soon eat up half of Chicago’s operating budget, according to Moody’s, forcing the city to reduce services or raise taxes to maintain current service levels.



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1 comment:

Wireless.Phil said...

I got the Antonio West story in an email from a Canadian friend about a week or two ago.

I told his to go to Google News and search for "Baby Shot" and also told him he would be surprised at just how many times babies are shot and or killed.