Record Wage Increases, Record-Low Unemployment

A good economy is bad for Democrats, and today brings more good economic news.

As we noted last month, a good economy is bad for Democrats. And we got another load of good economic news this morning, regardless of Leftmedia spin.

First up, The Wall Street Journal’s James Freeman writes, “The number of small companies raising wages hit a record high in the U.S. this month. That’s according to the latest National Federation of Independent Business employment survey. … A full 35% of owners of small firms report increasing labor compensation, the highest percentage since NFIB started asking about it in 1986.” That trend could get even better, as Freeman notes that “businesses are ramping up spending on the tools that make their workers more productive and therefore able to command higher wages.”

Much of the wage increases are due to a tighter labor market. Employers added 223,000 jobs in May, which was higher than media expectations but not quite as surprising for those of us not blinded by Trump Derangement Syndrome. Headline unemployment dropped to 3.8%, the lowest since 2000. Black unemployment dropped to a new record low of 5.9%. And The Washington Post reports, “Many economists predict it will fall even further this year, potentially dropping to 3.5 percent, which would be the lowest rate since 1969.” It might have physically hurt that poor Post reporter to note such good news under Donald Trump.

Nancy Pelosi called Republican tax cuts “Armageddon” before dismissing them as “crumbs.” Back here in reality, the American economy is enjoying the fruit of good policy, brought to you without a single Democrat vote.

SOURCE

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BOOM: Black Unemployment Hits All-Time Low Just Like President Trump Promised

The American people as a whole were in for a treat on Friday with the latest economic numbers. According to The Daily Caller:

The numbers reveal that the U.S. economy is booming and many key indicators of economic health are trending in the right direction. According to the Labor Department, the unemployment rate is 3.8 percent, the lowest in nearly two decades.

223,000 jobs were created and the May increase in payroll was bullish, surprising economists, according to NPR.  However, the most historic data points seem to be centered around black unemployment. The unemployment rate for African-Americans plunged to 5.9 percent in May. That is a record low. Interestingly, the gap between white ad black unemployment has shrunk to the smallest since these numbers have been recorded. The white unemployment (3.5%) and black unemployment (5.9%) is the smallest gap since the release of these numbers, beginning in the early 1970s.

SOURCE 

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Trump Puts an End to Taxpayer Subsidies for Unions

Government employee unions have enjoyed an absolute boondoggle in recent years, receiving hundreds of millions in taxpayer funds. But the boon could soon be over thanks to a new executive order from President Donald Trump.

Last Friday, the president signed an executive order requiring that federal government employees who work full-time for the public employee unions at taxpayer expense spend at least 75 percent of their paid time on the government’s business. The administration estimates this will save taxpayers $100 million.

This measure is one of three executive orders the president signed on Friday. Those orders do not eliminate taxpayer subsidies for public employee unions altogether—that is Congress’ job—but they do end the taxpayer subsidy of travel for union business; mandate that unions be charged fair market value for rents of government office space; streamline the public employee appeals process so that bad apples can be fired more rapidly; and force taxpayer-funded union workers to spend at least three-quarters of their time doing the people’s business.

Most people are shocked to learn that taxpayers have been footing the bill for public employee union salaries, but they become incensed when they learn that in 2016, union employees were paid $177 million by the federal government, not counting office space and travel expenses.

A 2013 Freedom of Information Act request by Americans for Limited Government discovered that the Department of Veterans Affairs alone had over 250 employees working full time for unions in 2011. The Transportation Department had 35 employees on full-time “official time,” many of whom had salaries in excess of $170,000 per year.

And in 2012, when the IRS was busy playing politics by delaying and denying tea party group applications for nonprofit status, The Washington Times reported that more than 200 full-time IRS employees were engaged in nothing but union activity. The same report added that taxpayers picked up the bill for another $687,400 in union travel at the IRS alone.

It’s bad enough that the federal government spent between $150 and $200 million a year on union salaries and travel, but what’s worse is that this indirectly subsidized unions’ political activity. Because money is fungible, the money that public employee unions didn’t have to spend on personnel could then be turned around and spent on politics.

Public employee unions are among the biggest donors in politics, with the American Federation of State, County and Municipal Employees ranked the 15th-largest contributor so far in 2018, according to OpenSecrets. And this group, in particular, has overwhelmingly favored Democrats over Republicans.

Of the $4,843,291 that this group has poured into politics this year, exactly $6,000 of it went to groups, causes, or politicians considered to be Republican or conservative. In 2016, it spent almost $16 million on politics with under $8,000 going to Republican or conservative groups. In that same election cycle, its political action committee could not find a single Republican to support, giving 100 percent of its money to Democrats.

This is just one case out of many. For years, taxpayers have subsidized public unions that pursue political activities and overwhelmingly donate to Democrats. Their donations are designed to grow government, and consequently, their own membership.

Public employee unions don’t even pretend to be anything but big government advocates. The president’s executive order forcing taxpayer-funded union employees to spend 75 percent of their time doing their federal job is a good first step in reigning in this far-left government funding stream.

Trump deserves kudos for recognizing the absurdity of taxpayer funding of the left, and in particular, he deserves credit for hiring people like Russ Vought and James Sherk for the Office of Management and Budget and White House staff, respectively, and Nathan Mehrens for the Labor Department.

By hiring people who have studied and understand how the current federal civil service system perpetuates the administrative state, Trump set himself up for success when it comes to dealing with the wash, rinse, repeat swamp cycle that the public employee unions perpetuate.

Recently, much of the discussion about public employee unions in politics has been focused upon the upcoming Janus v. AFSCME Supreme Court decision, which could allow public employees at all levels of government to opt out of paying dues as a First Amendment right. But these new executive orders will have a much greater impact on the federal bureaucracy, since federal employees already have the right to not join the union.

This executive order will shift about $100 million in union employee costs back onto the unions. This will force them to prioritize which cases should be fought and which ones should be settled, injecting some rationality and perhaps greater speed into the federal government firing process.

Now, the president needs to take the next step: force the public employee unions to compete for their members through an opt-in process, where the employee would have to actively decide to be a member of the union rather than being assumed to be a member unless he or she fills out the proper paperwork.

If the president takes this next bold step, the public employee union stranglehold on the federal government will be broken, giving Congress a chance to pass full-blown civil service reform.

You can almost hear the swamp draining.

SOURCE 

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Fake News: Blaming Trump for Obama's Policy

In an apparent response to President Donald Trump's call to pressure Democrats into getting serious on securing the border — specifically conceding on funding for a border wall — leftists spread an image across social media of illegal alien children sleeping in an ICE detention cell. In a bit of poetic irony, Barack Obama's former speechwriter Jon Favreau also shared the image, declaring, "Look at these pictures. This is happening right now, and the only debate that matters is how we force our government to get these kids back to their families as fast as humanly possible." The glaring problem: The photograph was from an article published by The Arizona Republic in 2014. And who was president then?

Trump responded to the fake news, writing, "Democrats mistakenly tweet 2014 pictures from Obama's term showing children from the Border in steel cages. They thought it was recent pictures in order to make us look bad, but backfires. Dems must agree to Wall and new Border Protection for good of country... Bipartisan Bill!" The whole episode sounds a lot like the recent BIG Lie about Trump supposedly calling immigrants "animals," when he was specifically referring to the violent MS-13 gang.

Aside from this latest fake news episode, the controversy over separating illegal alien children from their parents is a result of current immigration law — law that Trump is calling on Congress to change. And while the law clearly isn't an ideal means of dealing with the often confusing situations that can arise, the responsibility must ultimately lie with those illegal alien parents who are knowingly breaking U.S. immigration law. Furthermore, fault also lies with Obama and his unconstitutional implementation of DACA, which only served to encourage more illegals to bring children with them, sometimes as cover.

In an effort to dissuade families from illegally immigrating, Attorney General Jeff Sessions recently warned, "If you cross the border unlawfully ... then we will prosecute you... If you smuggle an illegal alien across the border, then we'll prosecute you. ... If you're smuggling a child, then we're going to prosecute you, and that child will be separated from you, probably, as required by law. If you don't want your child separated, then don't bring them across the border illegally. It's not our fault that somebody does that."

The truth is Trump has called for strong enforcement of the U.S. border, in part via building a wall, and has declared his desire to seek a legislative solution on DACA, both of which Democrats have resisted because they'd rather have a political wedge issue. Democrats are the ones most responsible for creating and exacerbating this problem by their continued campaign to intentionally undermine U.S. immigration law. So they can spare us their phony outrage.

SOURCE 

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Trump pardons Dinesh D'Souza — and might do the same for Rod Blagojevich and Martha Stewart

D'Souza's "offence" was to give $20,000 to a conservative politician's campaign fund

 In granting the fifth pardon of his presidency Thursday, President Trump showed that he's not afraid of political consequences of using his clemency power to correct what he perceives as unjust, politically motivated prosecutions.

On an Air Force One flight to Houston, Trump pardoned conservative commentator Dinesh D'Souza for making illegal campaign contributions — and then said he is also considering presidential clemency for others, including former Illinois governor Rod Blagojevich and lifestyle guru Martha Stewart.

He told reporters that Blagojevich's attempt to sell Barack Obama's former Senate seat after Obama became president was "a stupid thing to say" but not worth 18 years in prison. Blagojevich, a Democrat, appeared on Trump's reality television show Celebrity Apprentice in 2010.

Trump said a pardon of Stewart also crossed his mind. Stewart, the head of a publishing and television empire who hosted a spinoff of The Apprentice, was convicted of obstructing justice in an investigation into insider trading in 2004.

"I think to a certain extent, Martha Stewart was harshly and unfairly treated. And she used to be my biggest fan in the world — before I became a politician," Trump said. "But that’s OK. I don’t view it that way."

Trump said he called D'Souza, who is serving five years' probation for making illegal campaign contributions, to give him the news Wednesday night. "I’ve always felt he was very unfairly treated. And a lot of people did," he said. "What they did to him was horrible.”

Trump said no one asked him to pardon D'Souza, but D'Souza himself credited a social media campaign and the intervention of Sen. Ted Cruz, R-Texas — a family friend — in bringing the case to Trump's attention

And although D'Souza's lawyers argued that he was selectively prosecuted because of his attacks on Obama, D'Souza himself backed off the claim at his sentencing.

"I'm sorry for what I did. I have never said otherwise," he said then. "I have never even said I am being selectively prosecuted. I feared that I was being."

D'Souza pleaded guilty of making "straw donations" in the names of others to support the candidacy of Republican New York Senate candidate Wendy Long, who lost to Sen. Kirsten Gillibrand in 2012. Those straw donations allowed him to give $20,000 in illegal contributions to the campaign, exceeding the $5,000 legal limit.

Those facts provide a parallel to the federal investigation into Trump's attorney, who may also face federal charges of exceeding campaign contribution limits and failing to disclose a $130,000 payoff to Stormy Daniels, a porn star who claims she had an extramarital relationship with Trump in 2006.

Rick Hasen, a University of California-Irvine law professor who specializes in election law, said the pardon sends "yet another signal to Michael Cohen and others about the possibility of a Trump pardon."

Sixteen months into his presidency, Trump has pardoned more people than any president since George H.W. Bush in 1989.

His pardons include former Arizona sheriff Joe Arpaio, pardoned for contempt of court and former Bush White House aide Scooter Libby for lying to the FBI in a leak investigation.

Trump also pardoned Kristian Saucier, a former Navy submariner whose conviction for mishandling classified information became a conservative cause because of its comparisons to Democratic Secretary of State Hillary Clinton's use of a private email server.

And last week, Trump gave a rare posthumous pardon to Jack Johnson, the former heavyweight boxing champion convicted in 1913 of racially motivated charges related to his relationship with a white woman.

Like all of those cases, D'Souza did not apply for a pardon with the Office of the Pardon Attorney, the Justice Department unit that conducts investigations of pardon cases and sends recommendations to the president. Under Justice Department rules, D'Souza would be ineligible through that process because he's on probation.

Likewise, neither Blagojevich nor Stewart has applied for clemency.

The president's constitutional authority to pardon is not bound by those rules, so Trump has granted politically charged pardons though he denied 180 applications from people who applied through the Justice Department.

D'Souza, 57, is an Indian-born author and documentary filmmaker whose work has assailed Obama, Islam and multiculturalism. His most recent book is The Big Lie: Exposing the Nazi Roots of the American Left.

Though he was spared prison time in the campaign-finance case, D'Souza's conviction put him under court supervision. He was required to undergo weekly counseling sessions and complete an eight-hour day of community service during every week of his five-year probation. That community service: teaching English to Spanish-speaking immigrants at Catholic parishes.

White House spokeswoman Sarah Sanders said Trump determined D'Souza was "fully worthy of this pardon." "Mr. D’Souza was, in the president’s opinion, a victim of selective prosecution for violations of campaign-finance laws," she said. "Mr. D’Souza accepted responsibility for his actions and also completed community service by teaching English to citizens and immigrants seeking citizenship."

SOURCE 

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For more blog postings from me, see  TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH,  POLITICAL CORRECTNESS WATCH, AUSTRALIAN POLITICS, and Paralipomena (Occasionally updated),  a Coral reef compendium and an IQ compendium. (Both updated as news items come in).  GUN WATCH is now mainly put together by Dean Weingarten. I also put up occasional updates on my Personal blog and each day I gather together my most substantial current writings on THE PSYCHOLOGIST.

Email me  here (Hotmail address). My Home Pages are here (Academic) or  here (Pictorial) or  here  (Personal)

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Trump and conspiracy theories

There is a layman's version here of the academic article below.  The article does not explicitly refer to Trump and his supporters but there can be no doubt about where the gun is aimed.  Basically, the article implies Trump voters are simpletons who explain everything by inventing conspiracies

Their basis for that is however a correlation and, as we all know, correlations don't prove causation.  So the authors are just theorizing about what is behind their findings.  But if they can theorize so can I and I see a rather different causal chain

For a start, tarring conservatives as  conspiracy theorists is a bit rich.  On some accounts up to a third of Democrat voters see the 9/11 attacks as a put-up job arranged by George Bush II.  That's some conspiracy!  And the biggest conspiracy theory of all -- antisemitism -- had its most notable protagonist in the socialist Hitler.  And to this day antisemitism is by far most common among Leftists -- particularly in Britain.

What the authors below found was that people who thought America had lost its way and was going downhill also tended to see conspiracy theories around them.  People who agreed with statements such as: "In this country, there is a 'real America' distinct from those who don't share the same values" and "America's greatest values are increasingly decaying from within" were more likely to agree with statements such as: "The media is the puppet of those in power" and "Nothing in politics or world affairs happens by accident or coincidence."

Note that the latter statement is straight Calvinism (See Ephesians 1:4,11) and is also believed by Muslims -- so calling it a conspiracy theory is defining conspiracy theories very widely.  Are all Presbyterians conspiracy theorists?  And it is not only Presbyterians who see the hand of God in their lives. Many Christians do.  One suspects that the authors below know nothing about religion in America.  The leading author hails from an academic bubble in California so that could well be.

And it is certainly clear that most of the media serves the Leftist elite.  They don't preach mainstream values.  So again "conspiracy" is very broadly defined.

And the authors regard all conspiracy theories as wrong.  But are they? Most such theories probably are but what if one is right occasionally?  Using the broad definition of conspiracy favored by the authors below, an elite consensus could be called a conspiracy.  And the  co-ordinated message of the Leftist elite in praise of all sorts of unnatural things -- such as homosexuality and abortion -- is certainly an elite consensus.

And it must look like a conspiracy to the man in the street -- and it is in one way: An attempt by a small and interconnected minority to bring about a major change in the circumstances of the majority.  Donald Trump's determination to disrupt that elite consensus won him power.

And the unanimous hostility of the establishment to Donald Trump during and after his election campaign could well be seen as a conspiracy -- co-ordinated action by an influential minority designed to take away the ordinary people's champion.

That is particularly so now that we know what Obama's FBI was up to.  There definitely was a quite unambiguous conspiracy there to defeat Trump.  So it is entirely reasonable to see conspiracies in America's deep state.  There WERE conspiracies there.  And that could obviously lead people to more readiness to accept conspiracy theories generally.  Conservatives do well to believe conspiracies given the realities of the day. Sadly, such a theory could well be right in today's world.

To summarize: The unanimous opposition to him among the elites led Donald Trump to suspect a conspiracy against him; He made that opposition to him (by the "swamp") a central part of his campaign; His followers saw the matter similarly and they have now been proven right.


The role of system identity threat in conspiracy theory endorsement

Christopher M. Federico et al.

Abstract

Conspiracy theories (CTs) about government officials and the institutions they represent are widespread, and span the ideological spectrum. In this study, we test hypotheses suggesting that system identity threat, or a perception that society's fundamental, defining values are under siege due to social change, will predict conspiracy thinking. Across two samples (N = 870, N = 2,702), we found that system identity threat is a strong predictor of a general tendency toward conspiracy thinking and endorsement of both ideological and non‐ideological CTs, even after accounting for numerous covariates. We also found that the relationship between system‐identity threat and conspiracy‐theory endorsement is mediated by conspiracy thinking. These results suggest that conspiracy‐theory endorsement may be a compensatory reaction to perceptions that society's essential character is changing.

SOURCE

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The Carnivores of Civil Liberties

Victor Davis Hanson
 
After a landslide loss in the 1972 presidential election, the Democratic Party was resuscitated the following year by the Watergate scandal. The destruction of the Nixon presidency powered the Democrats to make huge political gains in the 1974 elections.

Watergate also birthed (or perhaps rebirthed) modern investigative journalism. A young generation of maverick reporters supposedly alone had challenged the establishment in order to uncover the whole truth about abuses of power by the Nixon administration.

Liberalism rode high during the Watergate era. It had demanded that civil liberties be protected from the illegal or unconstitutional overreach of the Nixon-era FBI, CIA and other agencies. Liberals alleged that out-of-control officials had spied on U.S. citizens for political purposes and then tried to mask their wrongdoing under the cover of “national security” or institutional “professionalism.”

All those legacies are now eroding. The Democratic Party, the investigative media and liberalism itself are now weirdly on the side of the reactionary administrative state. They have either downplayed or excused Watergate-like abuses of power by the former Barack Obama administration.

Liberal journalists apparently have few concerns that the FBI apparently used at least one secret informant to gather information about the 2016 Trump campaign. Nor are they much bothered that members of the Obama national security team unmasked the names of U.S. citizens who had been improperly surveilled. Many of those names then were illegally leaked to the press.

Democrats seem indifferent to the fact that Hillary Clinton’s presidential campaign paid a foreign agent, Christopher Steele, to compile dirt on Republican candidate Donald Trump — largely by trafficking in unverified rumors from Russian interests. Obama administration officials leaked details from that dossier.

Civil libertarians appear unconcerned that the Department of Justice sought to deceive the Foreign Intelligence Surveillance Court, getting it to grant warrants to allow the surveillance of U.S. citizens based on the suspect and politically motivated Steele dossier.

Few are upset that former CIA Director John Brennan and former Director of National Intelligence James Clapper have lied under oath to Congress on matters pertaining to surveillance. Rather than being investigated by the media, both are now making frequent media appearances.

The FBI cannot remain credible when its former director, James Comey, leaks confidential memos about meetings with the president to the media — with the expressed intent of leveraging the appointment of a special counsel, Robert Mueller, who turned out to be a longtime friend of Comey’s.

Why have the former guardians of civil liberties flipped in the near half-century since Watergate?

One, both the media and the liberal establishment believed that the outsider Trump represented an existential danger to themselves and the nation at large — similar to the way operatives in the Nixon administration had felt about far-left presidential challenger George McGovern in 1972.

But this time around, liberals were not out of power as they were in 1972. Instead, they were the establishment. They held the reins of federal power under the Obama administration. And they chose to exercise it in a fashion similar to how Nixon’s team had in 1972.

Second, pollsters and the media were convinced that Hillary Clinton would be elected. As a result, members of the FBI, CIA and other federal bureaucracies apparently assumed that any extralegal efforts to stop the common menace Trump would be appreciated rather than punished by a soon-to-be President Clinton.

Three, those in the Obama administration, the Clinton campaign and the media formed an echo chamber. All convinced themselves that any means necessary to achieve the noble ends of precluding a Trump presidency were justified.

The danger of such groupthink continues; even now they are unaware of the impending bomb that is about to go off.

Public opinion has radically changed. A majority of Americans believe the Muller investigation is politically motivated, according to a CBS News poll.

The inspector general’s report on the FBI’s handling of the Clinton email scandal is soon due. It will likely detail violations of ethics and laws among Obama administration officials and may include criminal referrals.

Already, a few liberals and former Clinton supporters are warning the Left that it is on the wrong side of history and about to reverse the entire post-Watergate liberal tradition.

There is a reckoning on the horizon. It has nothing to do with Donald Trump or Hillary Clinton. Instead, the traditional, self-appointed watchdogs of government overreach have turned into the carnivores of civil liberties.

SOURCE

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The Mojo of Trumponomics

T.S. Eliot famously wrote that April is the cruelest month, but when it comes to America’s fiscal picture, nothing could be further from the truth about this past April. The latest government numbers confirm that last month was a blockbuster for growth, federal revenues, and deficit reduction.

One of the key principles of Trumponomics is that faster economic growth can help solve a multitude of other social and economic problems, from poverty to inner-city decline to lowering the national debt.

We’re not quite at a sustained elevated growth rate of 3 percent yet, but the latest economy snapshot tells us we are knocking on the door. The growth rate over the last four quarters came in at 2.9 percent, which was higher than any of the eight years of Barack Obama’s presidency.

Halfway through this current quarter, which began on April 1, the Atlanta Federal Reserve estimates growth at 4 percent. If that persists through the end of June, we will have reached an average growth rate of 3 percent under President Donald Trump.

Not bad, given that nearly every liberal critic trashed the president’s campaign forecast of 3 percent to 4 percent growth as an impossible dream.

Economists such as Larry Summers, Obama’s first chief economist, gloomily declared that we were mired in a new era of “secular stagnation” and that 3 percent growth was unachievable. Paul Krugman of The New York Times said it was more likely we would see flying cars than 3 percent to 4 percent growth.

Now for the even better news. We are already starting to see a fiscal dividend from Trump’s tax, energy, and pro-business policies. The Congressional Budget Office reports that tax revenues in April—by far the biggest month of the year for tax collections because of the April 15 filing deadline—totaled $515 billion, which was a robust 13 percent rise in receipts over last year.

MoneyWeek reports that the $218 billion monthly surplus (revenues over expenditures) this April was the largest ever, with the previous record being $180 billion in 2001. (April is always the one surplus month.)

Here’s the simple lesson: more growth, more tax revenue.

But there’s another lesson, and it is about how wrong the bean counters in Congress were who said this tax bill would “cost” the Treasury $1.5 trillion to $2 trillion in lost revenues over the next decade.

If the higher growth rate that Trump has already accomplished remains in place, then the impact will be well over $3 trillion of more revenue and thus lower debt levels over the decade. Putting people to work is the best way to balance the budget. Period.

Critics will dismiss the importance of these higher revenue collections by arguing that the new receipts are for 2017 tax payments, which don’t take account of the tax cut that passed in December. This ignores that some of the growth we have seen was a result of the anticipation of the tax cut. Moreover, the fact that the tax cuts are just sinking in means that we should get even higher growth rates for the next several years at least.

Alas, it is not all good news in the April surprise. The inexcusable omnibus spending bill increased federal spending by some $300 billion in 2018, and we are starting to feel the impact of that splurge. Federal outlays are up 8.7 percent in April. That’s unforgivable, given that Republicans run everything in Washington these days.

No one thought that Trump could ramp up the growth rate to 3 percent or that his policies would boost federal revenues. But he is doing just that—which is why all that the Democrats and the media want to talk about these days is Russia and Stormy Daniels.

SOURCE

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Google Says Republicans Are Socialists

A search listed the California Republican Party's ideology as "Nazism."

Less than a week before the California primaries, Google search lists the state’s Republican Party ideology as “Nazism.” Vice News reports, “In the ‘knowledge panel’ that provides easy access to information next to search results, Google was showing ‘Nazism’ as an ‘ideology’ of the party as of Thursday morning. The word ‘Nazism’ was hyperlinked to a secondary page that shows ‘Nazism’ alongside other ‘ideologies’ of California Republicans like ‘Conservatism,’ ‘Market liberalism,’ ‘Fiscal conservatism,’ and ‘Green conservatism.’”

House Majority Leader Kevin McCarthy (R-CA) blasted Google: “It is disgraceful that the world’s largest search engine has labeled millions of California Republicans as Nazis. This is just the latest incident in a disturbing trend to slander conservatives. These damaging actions must be held to account. The bias has to stop.” McCarthy is correct. The most recent example was Google’s silencing of pro-life ads before the Irish referendum on whether to legalize abortion. But don’t forget the tech giant’s firing of software engineer James Damore last year for his daring to question the company’s leftist dogma, or its use of the hate-mongering Southern Poverty Law Center to police YouTube.

Google responded with a “dog ate my homework” excuse, blaming the “mistake” on Wikipedia vandalism. In other words, “Oops, but it really wasn’t our fault. Can we move along now?”

But aside from Google’s convenient mistake, what may be more frustrating is the regular misrepresentation, even among conservatives, of Nazism as a far-right political movement. The fact is both Nazism and communism are extreme expressions that come out of the same leftist ideological camp of socialism. Both produce totalitarian forms of government that preach the “needs” of the collective over and against individual rights and Liberty. The primary difference between the two totalitarian ideologies is that of race-based nationalism versus collectivist globalism. The term “NAZI” itself was the German acronym for National Socialist German Workers’ Party.

By contrast, conservatism champions the protection of the rights and freedoms of the individual against the encroachment of the collective. Yet the Leftmedia has taken President Donald Trump’s populist message of America First (nationalism) and falsely linked it with racism in an effort to imply that Trump and all Republicans are fascist Nazis. Nothing could be further from reality, but in the age of identity politics, emotions rather than facts are what sell.

SOURCE

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Some sarcasm from Twitter

Trump is racist because...he's showing that a privileged rich white man can bring down unemployment among minorities in a way the guy before him couldn't

Horrifically, Trump will spend 8 years working to drive down unemployment and crime in black communities as a dogwhistle to racists

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For more blog postings from me, see  TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH,  POLITICAL CORRECTNESS WATCH, AUSTRALIAN POLITICS, and Paralipomena (Occasionally updated),  a Coral reef compendium and an IQ compendium. (Both updated as news items come in).  GUN WATCH is now mainly put together by Dean Weingarten. I also put up occasional updates on my Personal blog and each day I gather together my most substantial current writings on THE PSYCHOLOGIST.

Email me  here (Hotmail address). My Home Pages are here (Academic) or  here (Pictorial) or  here  (Personal)

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Genetic Intelligence Tests Are Next to Worthless (?)

I take the title above from the title of a long and very readable article by Carl Zimmer, a NYT journalist.  You could almost predict the title from the fact that he is a NYT journalist.

But the article is extremely well done.  It is something of a triumph of the journalist's art. He explains the facts and issues of his subject beautifully.  I wish I could write as well.  We both try for lucidity and simplicity but he does by far the better job. That he is a journalist and that I am an academic shows. I never could get teddy bears into my writing.

The article is a long one so I am not even going to excerpt it.  Instead I am going  to offer what I hope is a fuller perspective on the matters he raises.  Put simply, he mistakes the major issue involved.

When we look at his title, we have to ask: "Worthless for What? His answer is that currently available genetic information is useless as a substitute for a normal IQ test.  He is absolutely right about that and his warning is well-taken.  People who claim to assess your IQ from your genetic profile are little better than quacks and their results are of no everyday use.

And the reason for that is that IQ appears to be just one aspect of your body's general good functioning.  The brain is just one organ of the body and if the body overall is functioning well the brain should be working pretty well too. And from the research with IQ tests we find an amazing range of good things that high IQ correlates with -- better health, longer life more harmonious marriages etc.  You name it, more or less. 

So that lies behind the fact that there are a LOT of influences on your IQ. They may be scattered anywhere in your body.  What IQ researchers have said for a long time is that IQ is "polygenetic".  It is the sum of a whole lot of little genetic influences.  Almost anything that influences your overall health could also influences your IQ.

At this stage I have to stress that I am talking about the "in general" case.  As elsewhere in life, there are exceptions to the general rule. There are healthy specimens who are as dumb as a brick (some Hollywood actors?) and there are other unfortunates such as Stephen Hawking and Carl Steinmetz where a brilliant brain inhabits a broken body.  Sometimes you need just one faulty gene to have a big influence on your bodily health.

And it is the general case that interests scientists.  They are not actually much interested in YOU.  They are only interested in what emerges from a study of people in general. So when they find some of the many influences on IQ in people's genes they see themselves as being on the right track in seeing IQ as mainly genetic.  And the advances are already exciting.  As each new study comes out, more and more of the genetic influences on IQ are being found.  Genetics generally is in its infancy and the genetics of IQ are no exception. 

And so far there has not been a single study looking at epigenetic influences on IQ.  Epigenetics are bits of your genetic profile which influence how other genes work.  They can even turn a gene "on" or "off".  So to expect that current studies could give us the whole genetics of IQ is very naive.  The fact that we have at this early stage already been able to detect some of the genetics involved is the interesting and exciting part. 

In other words the issue is not whether or not we can measure your IQ from your genes right now but rather whether we are on the right track towards that.  And from a scientific point of view we are doing amazingly well considering the huge difficulty of such research -- JR.

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Your father's Republican Party has vanished. His Democratic Party has, too

by Jeff Jacoby

ADDRESSING THE New York State Democratic convention last week, Joe Biden endorsed Governor Andrew Cuomo for reelection and delivered some blistering criticism of the party that controls Congress and the White House.

"This is not your father's Republican Party," declared the former vice president. With its "phony populism" and "fake nationalism," he said, the GOP is "sending a vision of America around the world that is distorted, that's damaging."

Biden is reportedly considering another run for president in 2020, so attacks on Republicans and their leader are to be expected. But he's not wrong: The GOP under Donald Trump manifestly isn't the Republican Party of a generation ago. The turn against free trade, the harshness on immigration, the rising admiration for Russia's ruler, the tolerance of debauchery and bad character in political leaders — today's Republicanism is indeed a far cry from that of Gerald Ford and Ronald Reagan.

But it isn't only the GOP that has changed so profoundly. So has the Democratic Party.

"We have to take a long look in the mirror and face the hard truth," Cuomo told the Democratic delegates in his convention speech. That truth, he said, is that Democrats lost the last presidential election "because we lost the connection with who we are and why the middle class and working families made the Democratic Party their home in the first place."

Cuomo's concern for middle- and working-class values may be genuine, or it may reflect the fact that he's facing a primary challenge from actress Cynthia Nixon, whose politics are skewed even more to the left than his. Either way, there's no denying that the Democratic Party today has far less sympathy for Main Street attitudes it used to embrace.

There was a time, for example, when self-described "pro-life liberals" were welcome in the Democrats' big tent. Democratic governors like Ella Grasso of Connecticut and Robert Casey of Pennsylvania firmly opposed abortion; as recently as 2009, dozens of House Democrats initially opposed the Affordable Care Act because it lacked restrictions on abortion funding. But no longer is there room in party councils for more than one position on the issue. Democratic Party chairman Tom Perez decreed last year that Democratic candidates must support a woman's right to choose. "That," he said, "is not negotiable."

Dissent is not permitted on other topics as well.

Moderate liberal Joe Lieberman of Connecticut was a rising star in Democratic circles in the 1980s; by 2000 he was the party's candidate for vice president. But Lieberman strongly supported the Iraq war, a position that by 2006 made him persona non grata in Democrats' eyes. Lieberman's ostracism confirmed that the once-robust national-security wing of the Democratic Party — the home of Cold War hawks like Harry Truman, Jack Kennedy, and Scoop Jackson — was defunct. Democrats, the original party of peace through strength, became the party of disengagement and retreat.

Liberal Democrats in the 1960s believed in color-blindness — they agreed with Thurgood Marshall that "racial criteria are irrational, irrelevant, odious to our way of life." Liberal Democrats today insist on racial criteria, demanding rigid "diversity" in everything from workplace hiring to college admissions to the Academy Awards.

Your father's Democratic Party was an ardent defender of Israel, the only democracy in the Middle East. No more: Liberal Democrats today, reports the Pew Research Center, are much less likely to support Israel than to support its Palestinian enemies.

Two decades ago, a popular president fought hard for a North American Free Trade Agreement, signed the Iraq Liberation Act, and kept his promise to "end welfare as we know it." He not only enacted a Balanced Budget Act, but produced four consecutive federal budget surpluses. He cut the top capital-gains tax rate from 28 percent to 20 percent. He led NATO in liberating Kosovo. He resisted same-sex marriage. He codified economic sanctions against Cuba.

Bill Clinton is still popular with Democrats. But in a party that has shifted sharply leftward, there's little room for the centrist positions he upheld as president.

Biden is right about the Trump GOP: It is decidedly not your father's Republican Party. And your father's Democratic Party? It too, alas, is a thing of the past.

SOURCE 

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Don the Lemon is so unbalanced it is a wonder he can walk without falling over

Leftists can be as abusive and foul mouthed as they like but other must not step a foot out of line

During a segment on Tuesday night, Lemon began discussing news that ABC cancelled the hit show “Roseanne” after its star, Roseanne Barr, sent out a controversial tweet about Valerie Jarrett, a former top aide under President Barack Obama.

“Muslim brotherhood & planet of the apes had a baby=vj,” Barr wrote in a now deleted tweet about Jarrett. Barr has since apologized for her tweet.

As noted by Mediaite, Lemon tied Barr’s comments to Trump and his supporters, strongly implying that the president is responsible for fostering a culture in America that promotes bigotry and racism.

“We know what Donald Trump thinks. We know what Roseanne Barr thinks. It’s time for us to stop playing around with soft words by saying, ‘Oh, well they’re saying insensitive things.’ No, it’s racist! They’re exhibiting racist behavior. And far too many of our fellow American citizens agree with them. And feel emboldened to say out loud the things they wouldn’t have dared to say in public just a few years ago. In an America where racism happens every day, in our neighborhoods, in our workplaces, in our schools, in a Starbucks, in a park, at an Airbnb, what is America going to do about it?”

“We have to stop pretending that this president has nothing to do with it, that he’s not emboldening racists and racism and giving them a platform and making it okay.”

Lemon calling Trump and his supporters racist further confirms what many believe about CNN, but he also proved how biased and tone-deaf he is regarding media figures who have made disturbing comments on television.

Lemon and the media were no where to be found when ABC late night host Jimmy Kimmel mocked First Lady Melania Trump’s accent.

What about when Fox News host Sean Hannity exposed Kimmel for being a pervert? Hannity tweeted out numerous videos of Kimmel from years ago, where he is asking women to feel his crotch, and even “joked” that one girl was underage.

Remember when ABC’s “The View” co-host Joy Behar said Christians have a mental illness?

How about MSNBC’s Joy Reid getting busted a second time in recent months for having dozens of bigoted, homophobic posts on her personal blog, The Reid Report, that slandered the LGBT community?

What about MSNBC “Morning Joe” co-host Mika Brzezinski saying President Trump has a sexually transmitted disease?

None of those liberals were ever suspended or reprimanded and still have their jobs.

Lemon never condemned them for making those sick comments, yet he used an entire segment on Tuesday to label Trump and his supporters as racist over something Barr said.

This is just the latest example of CNN blaming Trump and smearing his supporters.

SOURCE 

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Horror!  CNN Brings in Deportee’s Wife, She Defends President Trump

Months after federal immigration agents deported a husband and father who had been in the U.S. since he was brought to the country illegally at the age of 10, his family is still desperate to be reunited.

Jorge Garcia’s case made national headlines in January after video surfaced of Immigration and Customs Enforcement officers escorting him away from his sobbing wife and children.

Despite her grief, however, Garcia’s wife of 15 years does not blame the Trump administration. Cindy Garcia told CNN’s Brooke Baldwin this week that this situation was caused by a broken immigration system, not those tasked with upholding the laws as they are currently written.

“I am not upset at our government due to the fact that I am a U.S. citizen and that our laws come first,” she said. “Our laws are just broken and I can’t be mad at Trump for doing his job because that is his job to protect us, as U.S. citizens, from criminals.”

Garcia cited her family’s experience as a prime reason America should reform its immigration policy.

“The only thing is my husband was not a criminal and those are the laws that need to be fixed because they are broken,” she said. “For the people that are here, brought as children, doing the right thing and have never committed a crime, we need to fix a pathway to citizenship for them.”

On the other hand, she took a firm stance that “criminals that have come here illegally … need to go back.”

SOURCE 

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U.S. Back At No. 1 Competitiveness Ranking — Will Trump's Critics Ever Admit To Being Wrong?

Have Donald Trump's policies had a big impact on the U.S. economy and its competitiveness? The answer, we think, is an obvious yes. Now comes a new report, based mainly on "hard" data, that confirms that.

The report comes from the IMD Competitiveness Center in Switzerland. Each year it ranks countries by 256 different variables to come up with its global competitiveness rankings.

For 2018, there was a surprise: The U.S. leapt three places to take over the top spot in global competitiveness — just ahead of Hong Kong, Singapore, the Netherlands and Switzerland. That jump was based on its "strength in economic performance and infrastructure," ranking first in both areas.

That this is so shouldn't shock anyone with any knowledge of what's going on in the economy.

Since Trump took office, GDP growth has averaged 2.9%, up from 2% under President Obama. Unemployment now stands at 3.9%, and jobless rates for African-Americans, Asians and Hispanics are at or near all-time lows.

Inflation, at about 2%, remains under control. Business investment is surging, and a big reason for that is that corporate taxes are low, thanks to Trump's tax cuts.

Meanwhile, Trump continues to slash away at the thicket of regulations that strangles the U.S. economy, costing us collectively nearly $2 trillion a year. All of this has helped to fuel an economic renaissance of sorts. U.S. households are $7.1 trillion richer since Trump entered office, thanks to rising share prices and strong real estate markets.

Just to be clear, we're not citing this one report as a be-all and end-all for competitiveness or even for the fate of the economy. Nor are we in the forecasting business.

But others are, and among them have been some of Trump's fiercest critics. To read what they wrote and said, the U.S. returning to No. 1 in competitiveness wouldn't just be unlikely — it would be impossible.

Just last November, for instance, a blog post on the Economic Policy Institute's website informed us that "Republican tax plan will reduce American competitiveness." That was, to be kind, wide of the mark.

Similarly, the liberal Brookings Institution opined in March of last year that "Trump's 'America First' budget will leave the economy running behind." Didn't happen.

Going back even further, many economists and pundits were wrong — dead wrong — about Trumponomics. But to this day they can't bring themselves to admit it. Imprisoned by the illogic of their own liberal ideology, they all saw not just failure, but instant disaster. They still do.

3% Growth Is Possible

Trump might be on the verge of another big win over his critics in the media and economics profession.

Recall that when Trump promised 3% growth, he was roundly criticized and even ridiculed for what many claimed was pie-in-the-sky political hyperbole. Some even said such growth would be impossible.

But, as we noted, GDP growth has averaged 2.9% since Trump moved into the White House, just a hair under 3%. If the Atlanta Fed's GDP "Nowcast" — which uses current data to make up-to-date forecasts — is correct, 2018's second quarter could see growth of as much as 4%.

That would push average growth above 3% for Trump's term. If so, that would be yet another "crazy" idea that Trump had that turned out to be true.

While all those dire prognostications we mentioned proved false, the media continue to quote those who made them uncritically.

It seems that among the media and the Beltway and coastal elites, no distortion of Trump's many successes ever gets corrected — only repeated. And facts are never acknowledged — only ignored or distorted.

SOURCE 

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For more blog postings from me, see  TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH,  POLITICAL CORRECTNESS WATCH, AUSTRALIAN POLITICS, and Paralipomena (Occasionally updated),  a Coral reef compendium and an IQ compendium. (Both updated as news items come in).  GUN WATCH is now mainly put together by Dean Weingarten. I also put up occasional updates on my Personal blog and each day I gather together my most substantial current writings on THE PSYCHOLOGIST.

Email me  here (Hotmail address). My Home Pages are here (Academic) or  here (Pictorial) or  here  (Personal)

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Proof of creation?

EXTENSIVE analysis of DNA barcodes across 100,000 species revealed a telltale sign showing that almost all animals on Earth emerged about the same time as humans.

WHO would have suspected that a handheld genetic test used to unmask sushi bars pawning off tilapia for tuna could deliver deep insights into evolution, including how new species emerge?

And who would have thought to trawl through five million of these gene snapshots — called “DNA barcodes” — collected from 100,000 animal species by hundreds of researchers around the world and deposited in the US government-run GenBank database?

That would be Mark Stoeckle from The Rockefeller University in New York and David Thaler at the University of Basel in Switzerland, who together published findings last week sure to jostle, if not overturn, more than one settled idea about how evolution unfolds.

It is textbook biology, for example, that species with large, far-flung populations — think ants, rats, humans — will become more genetically diverse over time.

But is that true?

“The answer is no,” said Stoeckle, lead author of the study, published in the journal Human Evolution.

For the planet’s 7.6 billion people, 500 million house sparrows, or 100,000 sandpipers, genetic diversity “is about the same,” he told AFP.

The study’s most startling result, perhaps, is that nine out of 10 species on Earth today, including humans, came into being 100,000 to 200,000 years ago.

“This conclusion is very surprising, and I fought against it as hard as I could,” Thaler said.

That reaction is understandable: How does one explain the fact that 90 per cent of animal life, genetically speaking, is roughly the same age?

Was there some catastrophic event 200,000 years ago that nearly wiped the slate clean?

To understand the answer, one has to understand DNA barcoding. Animals have two kinds of DNA.

The one we are most familiar with, nuclear DNA, is passed down in most animals by male and female parents and contains the genetic blueprint for each individual.

The genome — made up of DNA — is constructed with four types of molecules arranged in pairs. In humans, there are three billion of these pairs, grouped into about 20,000 genes.

But all animals also have DNA in their mitochondria, which are the tiny structures inside each cell that convert energy from food into a form that cells can use.

Mitochondria contain 37 genes, and one of them, known as COI, is used to do DNA barcoding.

Unlike the genes in nuclear DNA, which can differ greatly from species to species, all animals have the same set of mitochondrial DNA, providing a common basis for comparison.

Mitochondrial DNA is also a lot simpler, and cheaper, to isolate. Around 2002, Canadian molecular biologist Paul Hebert — who coined the term “DNA barcode” — figured out a way to identify species by analysing the COI gene.

“The mitochondrial sequence has proved perfect for this all-animal approach because it has just the right balance of two conflicting properties,” said Thaler.

On the one hand, the COI gene sequence is similar across all animals, making it easy to pick out and compare.

On the other hand, these mitochondrial snippets are different enough to be able to distinguish between each species.

“It coincides almost perfectly with species designations made by specialist experts in each animal domain,” Thaler said.

In analysing the barcodes across 100,000 species, the researchers found a telltale sign showing that almost all the animals emerged about the same time as humans.

What they saw was a lack of variation in so-called “neutral” mutations, which are the slight changes in DNA across generations that neither help nor hurt an individual’s chances of survival.

In other words, they were irrelevant in terms of the natural and sexual drivers of evolution.

How similar or not these “neutral” mutations are to each other is like tree rings — they reveal the approximate age of a species.

Which brings us back to our question: why did the overwhelming majority of species in existence today emerge at about the same time?

Environmental trauma is one possibility, explained Jesse Ausubel, director of the Program for the Human Environment at The Rockefeller University.

“Viruses, ice ages, successful new competitors, loss of prey — all these may cause periods when the population of an animal drops sharply,” he told AFP, commenting on the study.

“In these periods, it is easier for a genetic innovation to sweep the population and contribute to the emergence of a new species.” But the last true mass extinction event was 65.5 million years ago when a likely asteroid strike wiped out land-bound dinosaurs and half of all species on Earth. This means a population “bottleneck” is only a partial explanation at best.

“The simplest interpretation is that life is always evolving,” said Stoeckle. “It is more likely that — at all times in evolution — the animals alive at that point arose relatively recently.” In this view, a species only lasts a certain amount of time before it either evolves into something new or goes extinct.

And yet — another unexpected finding from the study — species have very clear genetic boundaries, and there’s nothing much in between.

“If individuals are stars, then species are galaxies,” said Thaler. “They are compact clusters in the vastness of empty sequence space.” The absence of “in-between” species is something that also perplexed Darwin, he said.

SOURCE

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How Trump Can Dismantle Obamacare Without Congress

After more than eight years of promising to end Obamacare, Republicans in Congress—despite having control of both the House and Senate—have failed to stop this disastrous health care law. But thanks to an important provision Republicans included in the Tax Cuts and Jobs Act when they passed the law in December 2017, the Trump administration may soon have an opportunity to end Obamacare without Congress, which might force Republican congressmen to finally get their act together and pass health care legislation that would empower states and local governments and free health care markets from costly federal government mandates.

 As I have previously noted in several articles on the subject, including in a May 14 article for Townhall, a very strong argument can be made that Obamacare will soon no longer be constitutional. The short explanation is that in the 2012 decision upholding the legality of the Obamacare individual mandate, Chief Justice John Roberts cast the tie-breaking vote in favor of the Affordable Care Act’s individual mandate on the basis that the penalty imposed for not having “qualifying” health insurance is not a fine, penalty, or fee, but rather a tax. Since Congress has the power to tax, Roberts reasoned, it has the power to impose the individual mandate.

 When Congress and the Trump administration passed their tax reform legislation in December, they lowered the Obamacare penalty to $0 (effective January 1, 2019), eliminating any possibility of the fine being considered a “tax.” They did not, however, eliminate the mandate to purchase health insurance (because they couldn’t under the congressional rules used to pass the tax reform law). Without the so-called “tax” tied to the mandate, the foundation of Roberts’ argument will completely disappear when the penalty is removed.

This argument, which was also made recently in a lawsuit filed in federal court by 20 states and several other plaintiffs, creates the opportunity for the Trump administration to end Obamacare without Congress having to pass a law. But how?

In other articles, I noted the Trump administration would need to officially declare that the law will no longer be constitutional when the tax is eliminated in January 2019, but as I’ve been instructed recently by former Virginia Attorney General Ken Cuccinelli, that’s only partially correct.

In addition to declaring that the Trump administration will not recognize the constitutionality of the law, it would need to settle the lawsuit with those plaintiffs alleging the individual mandate is no longer constitutional. By settling the lawsuit and effectively acknowledging the plaintiffs’ argument is correct, Obamacare could be dismantled without Congress’s approval. With a settlement, it would be legally difficult, if not impossible, for Obamacare to be eliminated because the Trump administration has a duty to enforce existing federal law.

Some of you might be wondering why the entire Obamacare law might be tossed out if only the individual mandate is determined to be unconstitutional. The answer is that in previous Supreme Court cases, the Court has determined that when a particularly important provision of a law is deemed unconstitutional, the entire law should be struck down. The primary reason for this is that the Court’s job is not to create or alter legislation; that power, at the federal level, belongs to Congress alone.

Former Justice Antonin Scalia explained in the dissent he authored in the 2012 case that there is a two-part guide for determining whether one or more provisions ruled to be unconstitutional ought to compel the Supreme Court to strike down an entire law. As Scalia noted in the second part of the guide, the one most relevant for the current situation, “even if the remaining provisions can operate as Congress designed them to operate, the Court must determine if Congress would have enacted them standing alone and without the unconstitutional portion. If Congress would not, those provisions, too, must be invalidated.”

It’s extremely unlikely Congress would have passed Obamacare in 2010 had the individual mandate been removed from the law, because, as Congress noted in the ACA itself, the individual mandate is an “essential” part of the Obamacare scheme and “the absence of the requirement would undercut Federal regulation of the health insurance market.”

Obamacare is not constitutional, and the Trump administration has the power to end Obamacare on its own. For the sake of the country’s failing health insurance market, let’s hope it acts by settling the lawsuit challenging Obamacare and declaring the law to be what it always was: an illegal act by the federal government to force people to buy a product millions of families can’t even afford to use.

SOURCE

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What the Left Gets Wrong About Stock Buybacks

If you look around, the economy is growing faster than most economists predicted just last year.

Layoffs are rare and employers are hiring. New claims for unemployment benefits are close to a 48-year low, and unemployment is at an 18-year low. If you haven’t noticed, “help wanted” signs seem to be going up all over the place.

Tax reform, which passed last year, has only contributed positively to these economic trends. Those who want to detract from the successes of the 2017 Tax Cuts and Jobs Act look for stories like a recent Harley-Davidson plant closing and large stock buybacks.

Even a historically strong economy hasn’t been able to rescue the motorcycle company from four years of declining sales.

Despite all the good news, some keep hammering corporate stock buybacks as evidence that the tax cuts aren’t working. So, let’s look at the reality of stock buybacks.

When businesses don’t have suitable investment options for all their profits, they give part of them back to their investors so that those individuals can instead reinvest in other, more profitable endeavors.

Harley-Davidson is a prescient example of stock buybacks. By transferring just shy of $700 million back to shareholders, those investors are now able to redirect that money to other investments that have a more promising future.

Those new investments will also need workers to build, design, and manufacture whatever the future demands.

If instead, Harley-Davidson poured more money into a U.S. market that did not want to buy its bikes, the investment would still not sustain long-term jobs. Instead, it would just prolong the company’s decline and ultimately everyone—including the employees—would be worse off.

The former director of the Congressional Budget Office, Doug Holtz-Eakin, summed up the economics of stock buybacks. “Stock buybacks do not make shareholders richer,” he said. “A stock buyback is simply the exchange of valuable stock for the same value in cash.”

Business Investment Raises Wages

The 2017 tax reform lowered the corporate tax rate from 35 percent to 21 percent. The lower tax rate makes investing in the U.S. more attractive. The tax law also further lowers the cost of business investments through expensing.

In the first quarter of 2018, investment increased by more than 21 percent among companies in the Standard & Poor’s 500 stock index, compared with the same quarter in 2017.

Investment is often slow in the first quarter of the year, so most observers predict strong business investment will continue.

More business investment in new buildings and equipment means that Americans will be more productive, revenues will increase, and businesses will want to hire more workers and will pay higher wages to find good talent.

“In a dynamic, competitive economy, the relationship between companies and their employees is symbiotic, not antagonistic,” explains Kevin Hassett, chairman of the Council of Economic Advisers. That is exactly what we are seeing.

A Healthy Stock Market Benefits the Middle Class 

The popular narrative that only the rich benefit when the stock market and businesses are doing well is based on a mistaken view of stock ownership that may have been true in the 19th century, but certainly isn’t true today.

When businesses increase in value or pay dividends, shareholders—the owners of those businesses—share in the benefits.

In the U.S., shareholders are ordinary people, with more than half of all families owning stock, directly or indirectly. You likely own pieces of businesses in your private retirement savings account, through your company’s pension fund, and your kids’ college savings accounts.

The rate of stock ownership is increasing, with some of the biggest gains coming from lower-income households. The value of asset holdings in investment accounts has also for low-income Americans, compared with those with higher incomes.

The notion that only the wealthy benefit when businesses return profits to their investors is simply wrong.

All in all, stock buybacks are a common market function and a signal of a healthy economy. They may be an easy target to vilify, but we should base our attitude toward them on sound economic thinking and appreciate the broader context of a healthy economy.

SOURCE

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For more blog postings from me, see  TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH,  POLITICAL CORRECTNESS WATCH, AUSTRALIAN POLITICS, and Paralipomena (Occasionally updated),  a Coral reef compendium and an IQ compendium. (Both updated as news items come in).  GUN WATCH is now mainly put together by Dean Weingarten. I also put up occasional updates on my Personal blog and each day I gather together my most substantial current writings on THE PSYCHOLOGIST.

Email me  here (Hotmail address). My Home Pages are here (Academic) or  here (Pictorial) or  here  (Personal)

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Will America have a debt Jubilee?

So far it is mostly Left-leaning economists who have been calling for it but conservative financial prophet Porter Stansberry thinks it is going to happen soon. I will let him outline the matter and then I will follow up with an even more radical but fairer proposal

Stansberry is something of a panic merchant and tends to put dates on things where he would be better to avoid that.  It has been clear to me for some years that America is effectively bankrupt but I have no idea when that will come to a head. As Keynes is alleged to have said: "The market can remain irrational longer than you can remain solvent". And with Mr Trump in the equation, anything or nothing is possible. So Stansberry and I agree on all but the timing of the crisis.

We owe a trillion dollars on our credit cards—which often have interest rates as high as 28%! We've borrowed a trillion dollars to buy new cars—which plummet in value the minute you drive off the lot. And we've racked up about $1.5 trillion for college education with dubious worth.

The debt load for the working poor has nearly quadrupled in the past 20 years as a percentage of their income. And this debt can never, ever be repaid.

It's this system that dooms every average worker to poverty. And almost guarantees that the rich and the powerful will stay that way.

Simply working harder—or working smarter—isn't benefiting employees anymore. On the other hand, Americans who own assets and businesses have seen their wealth soar over the last 40 years.

And so we are left with the biggest income and wealth disparity in America in nearly 100 years.

For those who have taken on these incredible new debt loads, it's a very stressful way to live. So many Americans today are in a hole. They are extremely stressed out, and there is no way out.

And herein lies the problem. This group is growing, and this stress and anger is building... ultimately fueling many of today's biggest issues...

It's why you see people rioting in Charlottesville, Virginia...

It's why you see massive increases in violence and desperation in cities like Baltimore and Chicago...

It's why you see more and more radicalized politics—like resurgent neo-Nazi groups and the rise of Black Lives Matter...

It's why you see the tearing down of historic statues, and why according to a recent Harvard study, more than 50% of young people no longer believe in capitalism!

It's why we now have the highest-ever percentage of people on food stamps—double the historical rate.

It's why in some states, nearly 10% of working age adults receive disability payments!

Remember: These uprisings and protests may be nominally about race, or Donald Trump, police brutality, or immigration.

But what they're really all about is money, debt, and economics.

And that's why we will soon see a dramatic political and economic event, the likes of which we haven't seen in nearly 50 years...

Very soon, millions of Americans will be calling for the government to "do something."

Specifically, they'll be calling for a clean slate... to wipe out their debts and "reset" the financial system.

The crowds will cheer and march like never before. The violence will escalate. Our politicians will promise this reset of the financial system as a way to a "new and better prosperity."

And while it might sound like good news to those who have gotten in over their head—what will really happen is a national nightmare.

You see, this idea of erasing debts to reset the financial system is not new. In fact, in the Bible, it's referred to as a "Jubilee."  If you're unfamiliar with the term, it comes from The Old Testament, the Book of Leviticus, Chapter 25.

A Jubilee in the Jewish tradition was said to occur roughly every 50 years.  It was a time for total forgiveness of debt, the freeing of slaves, and the returning of lands. Pope Boniface VIII proclaimed the first Christian Jubilee in 1300.

Since then, it's been used dozens of times, when anger among a population hits extreme levels, typically because of an explosive divide between the wealthy and the working class.

And very soon, millions will be calling for a new Debt Jubilee here in America. Believe it or not, many are already doing so...

Folks like Carmen Reinhart of Harvard University and Stephen Roach of Yale have advocated for a Debt Jubilee in one form or another. So have financial pundits Barry Ritholtz and Chris Whalen.

In Congress, more than a half-dozen Jubilee-style laws have been proposed, by folks such as Rep. Kathy Castor and Senator Bill Nelson from Florida.

And many of the most powerful left-wing economic "experts" are calling for a Debt Jubilee by name...

London School of Economics Professor David Graeber says: "we are long overdue for some kind of Biblical-style Jubilee... it would relieve so much genuine human suffering."

The national affairs correspondent for The Nation says we should: "Think Jubilee, American Style... because it combines a sense of social justice with old-fashioned common sense."

Paul Kedrosky, a senior fellow at the Kaufman Foundation (a liberal think tank), says: "we need a fresh start, and we need it now... we need... a Jubilee."

A Jubilee—which wipes the slate clean for millions of the most indebted Americans and "resets" the financial system—is inevitable.

And mark my words: This trend will accelerate. The idea of a Debt Jubilee will become THE leading political issue in the months to come.

Today, for millions of Americans, there's no more powerful political promise than a Debt Jubilee. Politicians will soon be promising it all...

I will wipe out your debts.
I will allow you to start fresh.
I will reward all of your bad decisions.
I will solve America's massive income inequality.

Who will pay for it?  You guessed it...  You, me, and millions of Americans with pensions, retirement accounts, and other types of savings.

Just as in the past, the folks in Washington will disguise this Jubilee under a different name. They might call it a "National Restoration" or "Patriotic Solvency." They'll pass an "Act" like they did in 1841... or invoke an Executive Order as was done in 1933 (Executive Order #6102)... or simply issue a mandate to the Secretary of the Treasury (which they did in 1971).

But it all means the same thing. The Jubilee will redistribute trillions of dollars from those who have invested and saved... to those who can no longer pay their debts.

Excerpt from an article received via email.  Stansberry has more in his recent book "The American Jubilee, A National Nightmare is Closer Than You Think"

What Stansberry predicts is obviously unjust but does seem inevitable.  Debt "forgiveness" happens all the time in international affairs.  Argentina and Greece live on it.  But how would you feel if a bank's debts to you (your deposits) were suddenly "forgiven"?  Your savings would vanish.

There is a better way:  America can't pay its debts so it is effectively bankrupt. So America should declare bankruptcy.  But how do you do that?  To whom do you make your declaration?  It can't be done in anything like the normal way.  The only way it can be done is to void the currency.  America needs to declare that the Greenback is no longer its currency and all debts denominated in it lose any authority.

America then needs to issue a new currency (Maybe called "Feds") and declare that only debts denominated in Feds will be honoured. All dollar debts would be wiped.  The streets would be filled with cheering students celebrating the end of their student debt and householders suddenly finding that they own their house outright after their mortgage debt has disappeared. And that pesky credit card debt is gone too. And without debt a lot of businesses would become more viable too. A weight will have lifted off the backs of the whole nation, resulting almost certainly in a huge economic boom.  And a free government grant of 1,000 Feds to every citizen would get things rolling.

But what about your savings?  The bank now owes you nothing.  Nobody owes anybody anything.  That's where the government can use its money issuing power.  Certain losing groups can be compensated by GIVING them Feds.  All savings accounts with a balance up to 5 million could be reinstated showing the same amount in Feds that they once showed in dollars.  And social security payments would be re-denominated in Feds and would continue as before

China and Wall St would not be compensated or else the whole thing would be a farce.  And labor unions that have extorted huge retirement benefits for their members would also find that their extortions had been in vain. Benefits their members had been receiving would come to a grinding halt.  Their retired and retiring members would have to go on to the same social security payments (in Feds) as everyone else

So average Americans, whether previously savers or debtors, would all be better off and only the parasites would lose. Abandoning the greenback would root out a whole world of corruption.

That is just a very brief outline of how a national bankruptcy could be managed and I am not hopeful that the idea will be adopted.  But it shows that the coming Jubilee would not necessarily hurt the little guy.  He could be compensated.

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Conservatives Need to Argue About Ideas, Not About Trump

“Let’s grow up, conservatives.”

That call to arms was delivered by Barry Goldwater at the 1960 Republican convention to implore members of the then-youthful conservative movement to hold their noses and rally around Richard Nixon’s candidacy.

Neal Freeman, a battle-scarred veteran of the conservative movement — he was a correspondent for National Review and the producer of William F. Buckley’s TV show, “Firing Line,” among other tours of duty — recently echoed Goldwater’s clarion call for a different cause. It is time for conservatives to get to work on updating or even reinventing what it means to be a conservative. The conservatism of the last 50 years, programmatically, politically and psychologically, is in dire need of rejuvenation.

One sign of the exhaustion, Freeman writes, “is that the largest and most urgent issues are left unaddressed by any of the entrenched interests. Incumbent politicians deal with old issues. Movements ride new issues.”

The most obvious such issue is the exploding debt, which both parties have decided is something they should only care about when trying to unseat their rivals, if at all.

But the challenge of the debt is a bipartisan or, more aptly, a nonpartisan one, simply because the math doesn’t care about your politics. The pressing question for conservatives is, simply, “What is a conservative?”

“Are we free traders or fair traders?” Freeman asks. “Do we want open borders or high barriers? Can we save public education or should we euthanize it?”

Part of the dilemma is that in the modern era, Republican presidents define for many Americans (particularly in the media) what conservatism is, just as Democratic presidents tend to define what liberalism is. That may not be true in the eggheadier or more ideologically pure corners of the Left and Right, but for lots of normal Americans, that’s just how it works. Conservatism, in journalistic shorthand, is largely whatever constitutes the “Trump agenda” at any given moment, just as liberalism was whatever Barack Obama wanted to do when he was president.

But this is a remarkably recent development, and the fact that we assume it should work this way is a symptom of the polarization of the moment, which recasts partisan loyalty as philosophical principle.

Lyndon Johnson did not define liberalism for legions of left-leaning activists and voters, nor did Richard Nixon define conservatism among the ranks of right-leaning ones (which is why Goldwater felt it necessary to plead with conservatives to support Nixon).

Indeed, despite the fact that modern American conservatism allies itself with an old, even ancient, political tradition, it’s largely forgotten that it is arguably the youngest of political movements in America — certainly younger than progressivism, socialism or libertarianism (in all of its strains from anarchism to classical liberalism).

I understand very well that conservatives often bristle at the idea they need to change with the times. As the famous line from (the far from famous) Lucius Cary, 2nd Viscount Falkland, goes, “Where it is not necessary to change, it is necessary not to change.”

But we forget that the conservative movement’s strength came from the fact that it was armed with new arguments from diverse intellectual sources. More importantly, its vigor stemmed from the fact that these various strains of conservatives were eager to argue amongst themselves. There are arguments aplenty on the Right these days, but the vast majority of them are arguments over a specific personality — Donald Trump — not a body of ideas. And to the extent that there are arguments about ideas, they tend to be subsumed into the larger imperative to attack or defend Trump.

As I’ve argued before, the best thing Trump did was to shatter the calcified and sclerotic policy agenda of Reaganism. To paraphrase “Ghostbusters,” he was not the form of destroyer I would have picked, but the destruction was necessary nonetheless.

Don’t misunderstand me: Reagan was the indispensable man for his time. But the challenge for conservatives — at least my brand of conservatives — is to find ways to apply Reaganite principles to our times.

It is possible, all too possible, that the Reaganites will fail to win the necessary arguments ahead. But that is not an argument against having those fights, for the Reaganites will surely lose them by default if they don’t engage. We need more arguments — but the right arguments.

SOURCE

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Rent Control Pits Current Tenants against Potential Renters

Los Angeles Mayor Eric Garcetti would like to expand rent control in California. Doubtless he has many supporters among current renters. Nevertheless, rent control is actually detrimental to the interests of most renters, as Independent Institute Research Fellow Gary M. Galles explains in an op-ed published in the Orange County Register, and Los Angeles Daily News, and other SoCal news outlets.

Most “renters,” it should be noted, are not current renters but potential renters. “As a result, it is truer to say rent control harms renters than to say it helps them,” Galles writes. Rent control cuts incentives for new construction, it undermines maintenance of the existing rental housing stock, and promotes evasive efforts such as the conversion of rental housing to non-housing uses. Rent control is famous for creating housing shortages. It also robs value from property owners.

“A decade ago, such loses were estimated at $120 million annually under Santa Monica’s strict rent control laws,” Galles writes. “Those tripped property values are given to current tenants, whose bonanzas are shown by the fact that those under such controls almost never leave.”

SOURCE

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For more blog postings from me, see  TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH,  POLITICAL CORRECTNESS WATCH, AUSTRALIAN POLITICS, and Paralipomena (Occasionally updated),  a Coral reef compendium and an IQ compendium. (Both updated as news items come in).  GUN WATCH is now mainly put together by Dean Weingarten. I also put up occasional updates on my Personal blog and each day I gather together my most substantial current writings on THE PSYCHOLOGIST.

Email me  here (Hotmail address). My Home Pages are here (Academic) or  here (Pictorial) or  here  (Personal)

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Is Jordan Peterson a conservative?

Jordan Peterson and I both spent decades fascinated with authoritarianism and doing research into it.  I am 20 years older than him, however, so our research activities did not overlap. I think, however, that our common research interests may enable me to judge his views more insightfully.

The first thing I have to say is that both Peterson and I have studied, Nazism, Fascism, amtisemitism etc as something which horrifies us, not something we admire.  Many people seem unable to allow that, however.  You must secretly admire it in order to study it seems to be the claim.  And some justification of that will always be devised by misquoting or misunderstanding some isolated fact or bit of text that in fact provides no such justification at all.

And in my case, my frequent promotion of libertarian ideas should show where I belong on the political spectrum.  The fact that libertarianism is the exact opposite of Fascism should be convincing about what I believe but it is not, of course.  In the twisted minds of the left, liberarianism and Fascism are often equated.  Black can be white for them. Even my cast-iron support for the State of Israel can be ignored.

An interesting example of Peterson being accused of what he is not is the case of the now famous article in the historically Leftist NY "Jewish Forward" which implicitly accused Peterson of being antisemitic.  The article was such a total denial of everything Peterson has said that it got angry rebuttals from several sources and the "Forward" itself quickly published a retraction.  Peterson gives all the detail of that here

So: Don't believe anything about Peterson in the Left-leaning media. Just read what he himself writes.  Media comments will be reliably distorted. A rather amusing example of such a distortion is the NYT claim that Peterson advocates "enforced monogamy".  Does that mean he wants to abolish all divorce laws?  No.  As one of Peterson's defenders summarized the matter:  "Peterson is using well-established anthropological language here: “enforced monogamy” does not mean government-enforced monogamy. “Enforced monogamy” means socially-promoted, culturally-inculcated monogamy", not legally required monogamy.  In other words, faithful marriage should be encouraged by the society at large.  See here

Peterson himself says he is a classical liberal, meaning that he believes in a broad spectrum of individual liberties.  Conservatives do too but they tend to add in other beliefs about patriotism and such social issues as abortion and homosexuality.  And yet Peterson has such conservative positions too so I think he is simply resisting "conservative" as an overinclusive label.  He offers no guarantee that he will agree with all conservative positions.

He is right to be cautious. "Racist" is a label that is ceaselessly thrown around by the Left and all conservatives are racist in their view.  I did rather a lot of survey research showing that not to be so but Leftists don't need evidence for their accusations.  So any mention of race brings howls from the Left and conservatives do in fact mention race in some ways at times.

And that is where Peterson and I part company.  I try to tell the truth, the whole truth and nothing but the truth at all times.  And as a psychometrician I am well aware of important black/white differences.  And I talk about them, sometimes at length.  Peterson wisely avoids the topic.  Because I do talk about scientifically well-established black white differences I am someone who has to be avoided.  The fact that the official position of the American Psychological Association is that blacks are on averge about 15 points lower on IQ does not excuse me. I am simply putting the majority conclusion of academics in my field but I am outside polite society to say so publicly. I see blacks as requiring assistance rather than persecution but that doesn't count either. And I am vociferous in mocking the false assistance of "affirmative action".

So Peterson is something more than a classical liberal but he is not wholly a conservative.  So what is he?  I think it is reasonable to say that he is a traditionalist.  His self-help writings lie well within that description.  They do not rely heavily on laboratory research or surveys but also use clinical insights and traditional wisdom:  Christian wisdom in particular.

He is certainly using pre-Spock childrearing advice. That Spock himself eventually recanted much of his permissive views and saw much wisdom in earler teachings would support Peterson in that. Anybody who has absorbed Bible teachings in his youth -- as I did -- would find Peterson's personal development teachings familiar.  And Peterson makes no secret of that.  He appears to be an atheist -- as I am -- but sees Christianity as a great source of wisdom -- as I do.

So his views are not entirely scientific.  They are sourced widely rather than in surveys and experiments.  But where available the academic literature does offer some cautious support for what he says. And it should be noted that use of insights from clinical work has always been a major source of psychological thinking -- starting from Sigmund Freud -- JR

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All public forums should be open and uncensored

A huge silver lining from a recent court ruling

Trump should embrace (and expand) court ruling that his Twitter account is free speech forum

President Trump may not block even rude or obnoxious criticism from his Twitter account, because it is a public forum that is protected by the First Amendment, US District Court Judge Naomi Reice Buchwald has ruled. The President’s use of his Twitter account to comment on important policy, personnel and personal announcements made it a public forum, akin to a park or town square, she concluded.

Blocking unwanted tweets is thus viewpoint discrimination, which public officials are not permitted to engage in. Indeed, his Twitter account is not just a public forum. It is also “government space,” and thus may not be closed off, Judge Buchwald continued – rejecting a Justice Department argument that, since Twitter is a public company, it is beyond the reach of First Amendment public forum rules.

Free speech proponents hailed the ruling as a groundbreaking decision, saying it expands constitutional protections deep within the realms of social media. The executive director of Georgetown Law School’s Institute for Constitutional Advocacy and Protection called it “a critical victory in preserving free speech in the digital age.” Blocking people from responding critically to presidential tweets is unconstitutional, because it prevents them from participating personally and directly in that forum, others said.

The Justice Department said it disagreed with the decision and was considering its next steps. Here’s another option: Embrace and expand on the decision. Assess how these District Court principles and free speech guidelines can be applied in other vital free speech arenas. Take it as far as you can.

Some will then predictably want to construe the decision narrowly, saying it applies only to government officials, perhaps especially conservatives who support this president. Conservatives, the White House and the Trump Administration should not feel bound by such partisan, self-serving assertions.

As Supreme Court and numerous lower court decisions have interpreted the Civil Rights Act and other laws, no person may employ race, color, religion, sex, sexual orientation, national origin, disability status or other categories, to discriminate in admissions, hiring or anything else under any program or activity receiving any form of federal financial assistance, including loans or scholarships. Those that do discriminate will lose their Internal Revenue Service non-profit status and their government funding.

Should that list of categories not include one of the most vital and fundamental civil rights of all – the one addressed and protected by the very first amendment to the United States Constitution? The right of free speech and free assembly, especially regarding one’s beliefs, interests and political viewpoints, and one’s ability to participate in discourse and debate over important political and public policy matters?

Our colleges and universities were once society’s crucible for developing and thrashing out ideas. Sadly, as anyone with a milligram of brain matter realizes, they have become bastions of one-sided ideological propaganda and intolerance. Every conceivable element of “diversity” is permitted and encouraged – nay, demanded – except for our most fundamental civil right of personal views, free speech and robust debate.

That right now applies only to liberal-progressive-leftist views and ideologies. Anything that challenges or questions those teachings is vilified, denounced and silenced, often violently – as being hurtful, hateful, objectionable or intolerable to liberals. Faculty members are hired, protected, promoted or fired based on their social, scientific or political beliefs. Viewpoint discrimination, bullying and mobbing are rampant.

It’s time for pushback. Judicial and Executive Branch decisions and guidelines hold that even private universities that receive federal money for faculty research, student loans and scholarships, or campus facilities, are subject to Civil Rights Act rules. Presidents, administrators and faculty members of public universities are arguably public officials. Campuses and classrooms are clearly public forums.

If they tolerate or encourage viewpoint bullying, mobbing or violence, they are violating the civil rights of students, professors and speakers whose views have been deemed inappropriate, discomforting, hurtful or intolerable to the fragile sensitivities of climate alarmist, pro-abortion, atheist and other liberal factions.

Judge Buchwald’s ruling and the reactions of free speech advocates provide useful guidelines to buttress this approach. The Trump Administration, state attorneys general and free-speech/individual rights advocates should apply them to help restore intellectual rigor and open discourse to our campuses.

The ruling and reactions could also help expand constitutional protections even more deeply in the realms of digital age social media. As they suggest, today’s most popular social media sites have become our most vibrant and essential public forums: today’s parks, town squares and town halls. People, especially millennials, rely on them for news, information and opinions, often as substitutes for print, radio and television (and classrooms). But they now seem far better at censorship than at education or discussion.

Google algorithms increasingly and systematically send climate realism articles to intellectual Siberia. Unless you enter very specific search terms (author’s name, article title and unique wording), those sly algorithms make it difficult or impossible to find articles expressing non-alarmist viewpoints.

Google thus allies with the manmade climate cataclysm establishment – which has received billions of taxpayer dollars from multiple government agencies, but has blocked Climate Armageddon skeptics from getting articles published in scientific journals that often publish papers that involve hidden data, computer codes and other work. Even worse, it facilitates repeated threats that skeptics should be jailed (Bill Nye the Science Guy and RFK Jr.), prosecuted under RICO racketeering laws (Senators Warren and Whitehouse), or even executed (University of Graz, Austria Professor Richard Parncutt).

Google is a private entity, there are other search engines, and those seeking complete, honest research results should see if those alternatives are any better. But there is something repugnant about mankind’s vast storehouses of information being controlled by hyper-partisan techies, in league with equally partisan university, deep state, deep media, hard green and other über-liberal, intolerant elements of our society.

Meanwhile, Google YouTube continues to use its power and position to block posting of and access to equally important information, including over 40 well-crafted, informative, carefully researched Prager University videos – because they contain what YouTube reviewers (censors) decreed is “objectionable content” on current events, history, constitutional principles, environmental topics and public policies.

Scholar-educator Dennis Prager sued YouTube for closing down yet another vital public forum to views that question, contest or simply fail to pay homage to liberal ideologies and agendas.

District Court Judge Lucy Koh concluded that YouTube did indeed apply vague standards and the arbitrary judgments of a few employees, and did indeed discriminate against Prager U by denying it access to this popular social media platform and digital public forum. However, she ruled that Google YouTube is a private company, and thus is under no obligation to be fair, to apply its services equally, or to refrain from imposing penalties on viewpoints with which its partisan officers and employees disagree.

In other words, YouTube may operate as a public forum but it is a private business and thus may discriminate as it wishes – since it does not bake cakes or provide food or overnight accommodations … or deal with any civil rights that Judge Koh would include among protected constitutional rights.

These actions are the hallmarks of communist, fascist and other totalitarian regimes that seek to control all thought, speech, economic activity and other aspects of our lives. They drive policies that further limit our freedoms, kill countless jobs, and cost us billions or trillions of dollars in lost productivity.

The Left is clearly afraid of conservative ideas and principles. It refuses to participate in discussions or debates that it might lose, and instead resorts to mobbing, bullying and violence to silence our voices.

Up to now, lower courts have not always been supportive of the analysis and prescriptions presented in this article. But appellate courts and the Supreme Court have yet to weigh in on the Trump Twitter, Prager YouTube, Google search bias and similar cases. So we are still in uncharted territory.

Conservatives, climate chaos skeptics and true free speech advocates should build their own social media forums – while helping to create the legal precedents that will protect our hard-won rights and freedoms, and exposing, ridiculing, embarrassing and challenging the dominance of the Intolerant Left.

Via email from Paul Driessen, JD

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Ted Cruz Says Media Is Avoiding Santa Fe School Shooting Because Texas Students Don’t Want Gun Control

In an interview in his Senate office Tuesday with The Daily Signal, Cruz said support for the Second Amendment in Texas is why CNN and other media outlets aren’t giving these students the kind of wall-to-wall coverage that followed the school shooting in Parkland, Florida.

Cruz also talked about why the Senate should work full workweeks and potentially skip the August recess to get more done. From making tax reform for individuals and small businesses permanent to repealing Obamacare’s employer mandate, the Texas senator said plenty of legislative priorities could be passed with a simple majority and Republicans should take advantage of the relatively rare opportunity of being in charge in Washington.

Cruz also applauded President Donald Trump both for listening to many views and for standing up to much of official Washington and fulfilling his promises to move the U.S. Embassy to Jerusalem and get America out of the Iran nuclear deal.

SOURCE

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France signs contracts for €1bn direct investment to Russia

Aha! So it must have been Russia that gave Mr Macron his win in the recent French elections!

Russia and France have signed six contracts for direct investment into Russia worth about €1 billion as part of the ongoing business forum in St Petersburg and the coinciding visit of the French president.
The billion-euro ($1.17 billion) sum of the deal was reported on Tuesday by Kirill Dmitriev, the head of the Russian Direct Investment Fund. The six contracts were signed at the St. Petersburg International Economic Forum (SPIEF), which is being held in the former Russian capital on Tuesday and Friday.

For comparison, the entire foreign direct investment into Russia in 2017 amounted to $27.9 billion.

SOURCE

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For more blog postings from me, see  TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH,  POLITICAL CORRECTNESS WATCH, AUSTRALIAN POLITICS, and Paralipomena (Occasionally updated),  a Coral reef compendium and an IQ compendium. (Both updated as news items come in).  GUN WATCH is now mainly put together by Dean Weingarten. I also put up occasional updates on my Personal blog and each day I gather together my most substantial current writings on THE PSYCHOLOGIST.

Email me  here (Hotmail address). My Home Pages are here (Academic) or  here (Pictorial) or  here  (Personal)

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