Study Concludes “Negroes Genetically Less Intelligent”

The following is a useful summary of some academic work done back in 2005. I have taken the summary from Democrat=Socialist who appears just to have discovered it. The academic journal in which the research review appeared is "Psychology, Public Policy, and Law" and the issue contents can be reviewed here. Academic journal articles on racial differences in IQ and related concepts do appear from time to time but the general public is usually not aware of them because academic articles are hard to read and journalists dare not touch the subject. There was a similar review of the findings in a 2004 issue (vol. 86 no. 1) of the American Psychological Association's most widely-circulated journal -- "The Journal of Personality and Social Psychology", which also got little airing among the general public. So summaries such as the one below are useful.

"Psychology, Public Policy, and Law" actually devoted a whole issue to the topic, taking two of the most eminent researchers in the field as its lead authors. Various "Replies" were also printed but were from well-known lightweights who work towards a conclusion rather than from the facts. One of those was Nisbett, about whom I have said rather a lot lately (e.g. here) and the other was Sternberg, who reduces himself to absurdity rather quickly -- as I show in my brief mention of his work here. By far the most comprehensive coverage of the topic is however Lynn's 2006 book, which I review here

A 60-page review of the scientific evidence, some based on state-of-the-art magnetic resonance imaging (MRI) of brain size, has concluded that race differences in average IQ are largely genetic.

The lead article in the June 2005 issue of Psychology, Public Policy and Law, a journal of the American Psychological Association, examined 10 categories of research evidence from around the world to contrast “a hereditarian model (50% genetic-50% cultural) and a culture-only model (0% genetic-100% cultural).”

The paper, “Thirty Years of Research on Race Differences in Cognitive Ability,” by J. Philippe Rushton of the University of Western Ontario and Arthur R. Jensen of the University of California at Berkeley, appeared with a positive commentary by Linda Gottfredson of the University of Delaware, three critical ones (by Robert Sternberg of Yale University, Richard Nisbett of the University of Michigan, and Lisa Suzuki & Joshua Aronson of New York University), and the authors’ reply.

“Neither the existence nor the size of race differences in IQ are a matter of dispute, only their cause,” write the authors. The Black-White difference has been found consistently from the time of the massive World War I Army testing of 90 years ago to a massive study of over 6 million corporate, military, and higher-education test-takers in 2001.

“Race differences show up by 3 years of age, even after matching on maternal education and other variables,” said Rushton. “Therefore they cannot be due to poor education since this has not yet begun to exert an effect. That’s why Jensen and I looked at the genetic hypothesis in detail. We examined 10 categories of evidence.”

1. The Worldwide Pattern of IQ Scores. East Asians average higher on IQ tests than Whites, both in the U. S. and in Asia, even though IQ tests were developed for use in the Euro-American culture. Around the world, the average IQ for East Asians centers around 106; for Whites, about 100; and for Blacks about 85 in the U.S. and 70 in sub-Saharan Africa.

2. Race Differences are Most Pronounced on Tests that Best Measure the General Intelligence Factor (g). Black-White differences, for example, are larger on the Backward Digit Span test than on the less g loaded Forward Digit Span test.

3. The Gene-Environment Architecture of IQ is the Same in all Races, and Race Differences are Most Pronounced on More Heritable Abilities. Studies of Black, White, and East Asian twins, for example, show the heritability of IQ is 50% or higher in all races.

4. Brain Size Differences. Studies using magnetic resonance imaging (MRI) find a correlation of brain size with IQ of about 0.40. Larger brains contain more neurons and synapses and process information faster. Race differences in brain size are present at birth. By adulthood, East Asians average 1 cubic inch more cranial capacity than Whites who average 5 cubic inches more than Blacks.

5. Trans-Racial Adoption Studies. Race differences in IQ remain following adoption by White middle class parents. East Asians grow to average higher IQs than Whites while Blacks score lower. The Minnesota Trans-Racial Adoption Study followed children to age 17 and found race differences were even greater than at age 7: White children, 106; Mixed-Race children, 99; and Black children, 89.

6. Racial Admixture Studies. Black children with lighter skin, for example, average higher IQ scores. In South Africa, the IQ of the mixed-race “Colored” population averages 85, intermediate to the African 70 and White 100.

7. IQ Scores of Blacks and Whites Regress toward the Averages of Their Race. Parents pass on only some exceptional genes to offspring so parents with very high IQs tend to have more average children. Black and White children with parents of IQ 115 move to different averages–Blacks toward 85 and Whites to 100.

8. Race Differences in Other “Life-History” Traits. East Asians and Blacks consistently fall at two ends of a continuum with Whites intermediate on 60 measures of maturation, personality, reproduction, and social organization. For example, Black children sit, crawl, walk, and put on their clothes earlier than Whites or East Asians.

9. Race Differences and the Out-of-Africa theory of Human Origins. East Asian-White-Black differences fit the theory that modern humans arose in Africa about 100,000 years ago and expanded northward. During prolonged winters there was evolutionary selection for higher IQ created by problems of raising children, gathering and storing food, gaining shelter, and making clothes.

10. Do Culture-Only Theories Explain the Data? Culture-only theories do not explain the highly consistent pattern of race differences in IQ, especially the East Asian data. No interventions such as ending segregation, introducing school busing, or “Head Start” programs have reduced the gaps as culture-only theory would predict.

In their article, Rushton and Jensen also address some of the policy issues that stem from their conclusions. Their main recommendation is that people be treated as individuals, not as members of groups. They emphasized that their paper pertains only to average differences. They also called for the need to accurately inform the public about the true nature of individual and group differences, genetics and evolutionary biology.

Rushton and Jensen are well-known for research on racial differences in intelligence. Jensen hypothesized a genetic basis for Black-White IQ differences in his 1969 Harvard Educational Review article. His later books Bias in Mental Tests (1980) and The g Factor (1998), as well as Rushton’s (1995) Race, Evolution, and Behavior, show that tests are not biased against English speaking minorities and that Black-White-East Asian differences in brain size and IQ belong in an evolutionary framework.

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Americans Are Beginning to Understand the Left

There is only one good thing about the Obama administration's attempts to nationalize most health care and to begin to control Americans' energy consumption through cap-and-trade: clarity about the left. These attempts are enabling more and more Americans to understand the thinking and therefore the danger of the left.

The left has its first president -- with the possible exception of Franklin Delano Roosevelt -- and for the first time controls the Democratic Party and both houses of Congress. In the name of compassion for the sick and the poor and in the name of preventing worldwide environmental catastrophe, it is attempting to remake America. In so doing some principles of the left are becoming clearer to more Americans:

Principle One: The left, as distinct from traditional liberals, is not, and has never been, interested in creating wealth. The left is no more interested in creating wealth than Christians are in creating Muslims or Muslims in creating Christians. The left is interested in redistributing wealth, not creating it. The left spends the wealth that private enterprise and entrepreneurial risk-taking individuals create.

The left does not perceive that poverty is the human norm and therefore asks, "Why is there poverty?" instead of asking the economic question that matters: Why is there wealth? And the obvious result of the left's disinterest in why wealth is created is that the left does not know how to create it.

Principle Two: The reason the left asks why there is poverty instead of why there is wealth is that the left's preoccupying ideal is equality -- not economic growth. And those who are preoccupied with equality are more troubled by wealth than by poverty. Ask almost anyone on the left -- not a liberal, but a leftist like Speaker of the House Nancy Pelosi -- which society they consider more desirable, a society in which all its members were equally lower middle class or one in which some were poor, most were middle class, and some were rich (i.e., America today). And whatever they say, in their hearts, the further left they are the more they would prefer the egalitarian society.

Principle Three: The left everywhere seeks to make as big and powerful a state as possible. It does so because only the state can redistribute society's wealth. And because only a strong and powerful state can impose values on society. The idea of small government, the American ideal since its inception, is the antithesis of the left's ideal.

The cap-and-trade bill's control of American energy and the "ObamaCare" takeover of American health care will mean an unprecedented expansion of the state. Added to increased taxes and the individual becomes less and less significant as the state looms ever larger. Americans will be left to decide little more than what they do with vacation time -- just as Western Europeans do. Other questions are largely left to the state.

Principle Four: The left imposes its values on others whenever possible and to the extent possible. That is why virtually every totalitarian regime in the 20th century was left-wing. Inherent to all left-wing thought is a totalitarian temptation. People on the left know that not only are their values morally superior to conservative values, but that they themselves are morally superior to conservatives. Thus, for example, the former head of the Democratic Party, Howard Dean, could say in all seriousness, “In contradistinction to the Republicans, we don't think children ought to go to bed hungry at night.”

Therefore, the morally superior have the right, indeed the duty, to impose their values on the rest of us: what light bulbs we use, what cars we drive, what we may ask a prospective employee, how we may discipline our children, and, of course, how much of our earnings we may keep.

It is dishonest to argue that the right wants to impose its values to anywhere near the extent the left does. This can be demonstrated to a fifth-grader: Who wants more power -- those who want to govern a big state or those who want to govern a small state?

The president of the United States and the much of the Democratic Party embody these left-wing principals. Right now, America's only hope of staying American rather than becoming European lies in making these principals as clear as possible to as many Americans as possible. The left is so giddy with power right now, we actually have a chance.

SOURCE

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ELSEWHERE

Gates: Army to get 22,000 more troops : “Defense Secretary Robert Gates announced Monday that the size of the Army is being increased temporarily by 22,000 soldiers to help meet the needs of the wars in Iraq and Afghanistan and other missions around the world. This is the second time since 2007 that the military has determined it doesn’t have a large enough force. Gates had already increased the size of the Army and Marine Corps shortly after taking the Pentagon job.”

US, India agree on nuclear and defense deals: “Secretary of State Hillary Rodham Clinton paved a path to expanding relations with India during her three-day visit there. … But it was another announcement that, even more than the others, demonstrated the Obama administration’s designation of India as a crucial partner for the United States in the 21st century. On Nov. 24, Secretary Clinton said, Indian Prime Minister Manmohan Singh will be President Obama’s guest in a White House state visit, making Mr. Singh the first foreign leader to make that level of visit under the new American leader. … But it should not surprise the Obama administration if the attention to India and Singh causes problems with another crucial US partner in the region: Pakistan.”

Gates argues against additional F-22s : "“Saying he ‘didn’t molt from a hawk into a dove on Jan. 20, 2009,’ Defense Secretary Robert Gates sharply criticized Congress for trying to push more F-22 fighter jets into the Pentagon budget than he and President Barack Obama say the country needs. ‘If we can’t get this right, what on Earth can we get right?’ Gates said in a speech last week to the Economic Club of Chicago.” [He's right. Who are they going toi be used against? Osama bin Laden?]

Obama Steers Left on Honduras: "When Hugo Chávez makes a personal appeal to Washington for help, as he did 11 days ago, it raises serious questions about the signals that President Barack Obama is sending to the hemisphere's most dangerous dictator. At issue is Mr. Chávez's determination to restore deposed Honduran president Manuel Zelaya to power through multilateral pressure. His phone call to a State Department official showed that his campaign was not going well and that he thought he could get U.S. help. This is not good news for the region. The Venezuelan may feel that his aims have enough support from the U.S. and the Organization of American States (OAS) that he would be justified in forcing Mr. Zelaya on Honduras by supporting a violent overthrow of the current government. That he has reason to harbor such a view is yet another sign that the Obama administration is on the wrong side of history. In the three weeks since the Honduran Congress moved to defend the country's constitution by relieving Mr. Zelaya of his presidential duties, it has become clear that his arrest was both lawful and a necessary precaution against violence. Mr. Zelaya was trying to use mob rule to undermine Honduras's institutions in much the same way that Mr. Chávez has done in Venezuela."

Regulators are in the pocket of Wall St: " The low-slung cubicles wrap around the ninth floor of a building three blocks from Wall Street, each manned by a young staffer staring at flashing numbers on a flat-screen computer monitor and working the phones to gather the latest chatter from financial markets around the world. It could be any investment bank or hedge fund. Instead, it is the markets group of the Federal Reserve Bank of New York, which has been on the front lines of the government's response to the financial crisis. Federal Reserve and Treasury Department officials make the major decisions, but the New York Fed executes them. The information gathered there provides crucial insights into the financial world for top policymakers. But the bank is so close to Wall Street -- physically, culturally and intellectually -- that some economic experts worry that the New York Fed puts the interests of the financial industry ahead of those of ordinary Americans. "The New York Fed sticks out as being not just very, very close to Wall Street, but to the most powerful people on Wall Street," said Simon Johnson, an economist at MIT. "I worry that they pay too much deference to the expertise and presumed wisdom of a sector that screwed up massively." Even some former insiders at the Fed say the bank does not pay enough attention to the fundamental flaws in the country's financial system or to the risks associated with bailing out financial firms"

Why No Evangelical Justice?: "When Republicans were warned not to give Sonia Sotomayor the drubbing Democrats gave Robert Bork and Sam Alito -- lest they be perceived as sexist and racist by women and Hispanics -- the threat was credible, for it underscored a new reality in American politics. The Supreme Court, far from being the last redoubt of the White Anglo-Saxon Protestant in America, reflects the collapse of that WASP establishment, and a rising racial, ethnic and gender consciousness and solidarity. Consider. In 45 years, no Democratic president has put a single white Protestant or Catholic man or woman on the court."

Public healthcare already in action: "Speaking of the government letting people die, here's a story from Fox News last year about a 53-year-old cancer patient in Lane County, Oregon who wanted Oregon's public health plan to help him pay for chemotherapy. Nothing doing, said Oregon, as the man's cancer was such that chemotherapy stood less than a 95 percent chance of guaranteeing the man would live an additional five years. Two years or 4 years 11 months of life was not worth the cost of chemo to Oregon. But don't think Oregon's government-run health plan lacked sympathy. It sent the man a letter offering to foot the bill for physician-assisted suicide. And no, the letter was not a mistake. It was official policy."

Obama's anti-Israel agenda: "President Barack Obama last Monday met for the first time with leaders of selected Jewish organizations and leaks from the meeting now make one thing very clear. The only free country in the Middle East no longer has a friend in the leader of the free world. Obama is the most hostile sitting American president in the history of the state of Israel. This was the very first meeting with Jewish community's leaders. Earlier requests for an audience with major Jewish organizations had reportedly been ignored. Six months after taking office the president finally got around to issuing an invitation to stop the bleeding. Increasing numbers of Jews even among the overwhelming number who voted for Obama ¬ have been voicing serious concern about his real agenda.... There is no doubt that the pressure on Israel from the Obama administration is going to get a lot worse, as the President told the group "there is a narrow window of opportunity for advancing the peace process." Everyone understood the threat. The narrow window is Obama's self-defined political ambitions bearing no relationship to the realities of the Middle East ¬or the welfare of either Israel or the United States."

CNN fires bigoted reporter: "TVNewser has learned CNN correspondent Susan Roesgen's contract will not be renewed and she will be leaving the network. Roesgen, you'll recall, was criticized for her coverage at the tax day tea parties in April, when she said the event she was covering in Chicago was, "anti-CNN since this is highly promoted by the right-wing, conservative network Fox." Roesgen took a break for a few weeks after that reporting and returned to the air in May covering the Drew Peterson arrest. Most recently, she covered Michael Jackson's death from Los Angeles. Roesgen joined CNN in 2005. When TVNewser asked whether Roesgen's comments at the Chicago tea party rally had anything to do with her not being renewed, a CNN spokesperson said, "I can't comment on personnel matters." [CNN got a lot of protests about her]

My Twitter.com identity: jonjayray. My Facebook page is also accessible as jonjayray (http://www.facebook.com/jonjayray in full). For more blog postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS, IMMIGRATION WATCH INTERNATIONAL, EYE ON BRITAIN and Paralipomena

List of backup or "mirror" sites here or here -- for readers in China or for everyone when blogspot is "down" or failing to update. Email me here (Hotmail address). My Home Pages are here or here or here

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The Big Lie of the late 20th century was that Nazism was Rightist. It was in fact typical of the Leftism of its day. It was only to the Right of Stalin's Communism. The very word "Nazi" is a German abbreviation for "National Socialist" (Nationalsozialist) and the full name of Hitler's political party (translated) was "The National Socialist German Workers' Party" (In German: Nationalsozialistische Deutsche Arbeiterpartei)

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Measuring inequality

It's almost impossible to open a newspaper these days without being reminded that inequality has grown in recent decades. The reactions to the stated rise do vary, that is true: from it being an unfortunate side effect of growth or globalisation in general to proof positive that we'll all be murdered in our beds when the rabble realise how badly they're being treated.

Will Wilkinson at Cato has a paper out which covers much of the extended conversation and I think's he's right in that inequality simply hasn't grown as much as some say: "To put if more breezily, if cheap stuff gets better faster than expensive stuff, the gap between cheap and expensive stuff narrows, which in turn narrows the gap in the quality of life between rich and poor."

There's a great deal to this: as he says, there's a difference between an expensive car and a cheap one but that gap is as nothing to the one between having a car and using Shank's Pony. Or between an expensive fridge, a cheap one and none.

It's very definitely true that income inequality has risen in recent decades: but much much harder to insist that consumption inequality has done. As an example, there are certainly differences in diet between the rich and the poor in the UK: but it's only in the last 50 years or so that all, of whatever station in life, are financially able to eat a full and balanced diet. We no longer have the height inequality we did (reflecting again nutrition, where the rich were substantially taller than the poor), nor the health care inequality and while education is rightly a bone of contention we've certainly advanced from the medieval idea that only the male rich or the clergy might be literate or numerate.

What makes this oversight from certain on the left so puzzling is that they are exactly the people who have been telling us for years that there is much more to life than simply grabbing for the filthy lucre. That health, enjoyment, leisure are also important, perhaps more so than money. Anyone with an adult and rounded view of life would have to agree with that sentiment, that there's more to it all than simply pilng up the pounds. Which makes it all the more puzzling that there is so much vituperation over inequality rising in that most trivial of things, mere cash, while all the other historically extant inequalites have been shrinking.

SOURCE

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Obama is a hollow shell compared to the Gipper

By Ron Miller

I have been critical of President Obama's overseas pronouncements apologizing for America, equating our failings to some of the world's most egregious offenses against humanity, and excusing the atrocities of terrorists and dictators as byproducts of America's sins in world affairs.

If he's trying to curry favor in the international community with his equivocation and expressions of shame, he's naive. If he truly believes what he's saying, then I am appalled at his contempt for the nation that elected him to the most powerful position in the world.

His recent statements in Moscow disavowing America's pivotal role in ending the Cold War frustrated me because while he was organizing communities and pursuing his law degree, I was engaged in helping my country fight that war.

I was an intelligence officer in the U.S. Air Force from 1983 to 1992. I reviewed and analyzed our most sensitive intelligence information and briefed senior commanders on the militaristic and murderous actions of the Soviet Union and the Warsaw Pact.

When Ronald Reagan went against the advice of the State Department and his advisors and declared the Soviet Union "an evil empire," he was condemned by many but I cheered his words because they rang with the authority and clarity of truth. And I wasn't the only one.

Natan Sharansky, the Soviet dissident and human rights activist, was in a Soviet gulag serving 13 years of forced labor when Ronald Reagan uttered those words. While the voices of appeasement in the United States and the West cried out against the provocative words of our "cowboy" President, the reaction in the gulag was markedly different:

"It was the great brilliant moment when we learned that Ronald Reagan had proclaimed the Soviet Union an Evil Empire before the entire world. There was a long list of all the Western leaders who had lined up to condemn the evil Reagan for daring to call the great Soviet Union an evil empire right next to the front-page story about this dangerous, terrible man who wanted to take the world back to the dark days of the Cold War. This was the moment. It was the brightest, most glorious day. Finally a spade had been called a spade. Finally, Orwell's Newspeak was dead. President Reagan had from that moment made it impossible for anyone in the West to continue closing their eyes to the real nature of the Soviet Union.

"It was one of the most important, freedom-affirming declarations, and we all instantly knew it. For us, that was the moment that really marked the end for them, and the beginning for us. The lie had been exposed and could never, ever be untold now. This was the end of Lenin's "Great October Bolshevik Revolution" and the beginning of a new revolution, a freedom revolution--Reagan's Revolution.

"We were all in and out of punishment cells so often--me more than most--that we developed our own tapping language to communicate with each other between the walls. A secret code. We had to develop new communication methods to pass on this great, impossible news. We even used the toilets to tap on."

When Sharansky was asked if Ronald Reagan was responsible for the collapse of the Soviet Union, he said simply, "yes." He went on to say:

"Ronald Reagan had both moral clarity and courage. He had the moral clarity to understand the truth, and the courage both to speak the truth and to do what needed to be done to support it. There was more to Reagan than rhetoric...

"Reagan's great strength was his optimistic faith in freedom and that every human being deserved freedom and that this freedom is a force that can liberate and empower and enrich and ennoble...

"Thanks to Ronald Reagan, to the legacy he leaves behind, we now know that totalitarianism can be beaten and that freedom can come to anyone who wants it."

Powerful words from a man who experienced the evil of the Soviet Union personally and understood the impact of Ronald Reagan's words and deeds in bringing an end to the regime that murdered over 53 million men, women and children beginning with the barbarism of Vladimir Lenin in 1917.

Maybe it's more important to President Obama to be "a fellow citizen of the world" as he proclaimed in Berlin during the campaign.

As Newt Gingrich says, however, "I am not a citizen of the world; I am a citizen of the United States of America." Despite her struggles and failures, America has never stopped striving toward a more perfect union. I have always been proud of my country, and I ask our President to give her the credit she deserves for tearing down that wall

SOURCE

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Destroying Jobs in Order to Save Them

Obama's corporate tax "reforms" make a bad situation worse

President Barack Obama is very insistent on the need to “save American jobs.” The spending and the Buy American provisions of his massive stimulus package, approved by Congress in February, were meant to “create or save” millions of U.S. jobs. “Saving jobs” was also the stated goal of his recent pledge to eliminate tax advantages for companies that do business overseas. But instead of saving American jobs, Obama’s new corporate tax is apt to worsen what is already the highest unemployment since 1983 and make America’s companies even less competitive in the global marketplace.

Last spring, partly in response to the anti-bailout tea parties that were sweeping through the country on and around the April 15 tax deadline, the president announced that he plans to simplify the tax code. That sounds like a worthwhile goal, but it turns out that forObama, simplification means taxing previously untaxed income.

For instance, the proposal targets what executives consider to be a lifesaving feature of an otherwise depressing corporate tax code: permission to indefinitely defer paying U.S. taxes on income earned overseas. According to the Obama administration, this practice keeps $700 billion or more of American corporate earnings in overseas accounts, beyond the taxman’s reach.

The president also wants to overhaul what he describes as a “much-abused” set of tax regulations known as the “check-the-box” rules. These regulations give companies some latitude in deciding where their subsidiaries will be taxed and make it easier for multinationals to transfer money between countries. The result, which Obama frowns upon, is that many companies have placed their offshore subsidiaries in low-tax countries.

While he’s at it, the president wants to restrict tax credits that the U.S. grants companies to offset taxes they pay to foreign governments.

Until now, Obama said when unveiling his plan in May, we’ve suffered under “a tax code that says you should pay lower taxes if you create a job in Bangalore, India, than if you create one in Buffalo, New York.” This notion is wrong in several ways.

It is a mistake to assume that U.S. domestic firms and U.S. multinationals are primary competitors, engaged in a zero-sum struggle. In fact, the true competitors of U.S-based firms with international operations are mainly foreign-based companies. And in that competition, the existing U.S. corporate tax code puts American firms at a clear disadvantage—one for which the alleged tax loopholes were intended to compensate.

The U.S. corporate tax rate is simply too high. When you add state corporate taxes to the 35 percent federal rate, you arrive at a whopping 40 percent average corporate tax burden, the second highest among the 30 countries in the Organization for Economic Cooperation and Development (OECD).

Economists are in broad agreement that cutting the corporate rate is a national priority. In a 2002 study, American Enterprise Institute economists Kevin Hassett and Eric Engen argued that the most efficient corporate tax rate is zero. The mobility of capital income means that even a small amount of tax introduces large distortions into an economy as capital flies away to a lower tax environment. More interesting, if counterintuitive, is the fact that because of capital mobility the people who stand to benefit most from a corporate tax cut are workers. In a 2006 study, the economist William C. Randolph of the Congressional Budget Office concluded that “domestic labor bears slightly more than 70 percent of the burden” imposed by corporate taxes.

More HERE

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ELSEWHERE

It's now been 40 years since Ted Kennedy left Mary Jo Kopechne to her death. Jeff Jacoby describes the infamous behaviour that Kennedy got away with. Powerline also has some good comments. The People's Cube also has some relevant cartoons -- for those with strong stomachs.

Analysis: States hit hardest get least $timulus: "The stimulus bill ‘includes help for those hardest hit by our economic crisis,’ President Obama promised when he signed the bill into law on Feb. 17. ‘As a whole, this plan will help poor and working Americans.’ But FOXNews.com has analyzed data tracking how the stimulus money is being given out across the 50 states and the District of Columbia, and it has found a perverse pattern: the states hardest hit by the recession received the least money. States with higher bankruptcy, foreclosure and unemployment rates got less money. And higher income states received more.”

The myth that women do not perpetrate “domestic violence” : "Am I the only one who is disturbed by the double-standard that permeates the media coverage of Steve McNair’s shooting death? On July 4 the former NFL star was killed by girlfriend Sahel Kazemi. McNair was shot as he lay asleep on his couch, first in the left temple, twice in the chest, and finally in his right temple. So why are the news media stubbornly refusing to put the words ‘Steve McNair’ and ‘domestic violence’ in the same sentence? And where are all the hand-wringers who reflexively shriek we need to break the shroud of silence that surrounds partner abuse?”

Bibi flatly rejects US demand to halt housing project: "Jerusalem is the "unified capital of Israel and the capital of the Jewish people, and sovereignty over it is indisputable," Prime Minister Binyamin Netanyahu said Sunday, responding to an American demand to put an end to a housing project to be built in east Jerusalem. "Hundreds of apartments in the west of the city were purchased by Arabs and we didn't get involved. There is no prohibition against Arab residents buying apartments in the west of the city and there is no prohibition barring the city's Jewish residents from buying or building in the east of the city," Netanyahu added at the weekly cabinet meeting. "That is the policy of an open city that is not divided. "We cannot accept the notion that Jews will not have the right to buy apartments specifically in Jerusalem. I can only imagine what would happen if they were forbidden from purchasing apartments in New York or London; there would be an international outcry. This has always been Israel's policy and this is the policy of the current government," the prime minister added. Netanyahu's remarks came after Ambassador to Washington Michael Oren was summoned to the US State Department over the week-end and was told that the Obama administration wanted Israel to put an end to construction work at the site of the historic Shepherd's Hotel in the east Jerusalem neighborhood of Sheikh Jarrah."

Europe Thumps U.S., Again. First lower taxes, now freer trade: "On present trends, most of Europe will soon have lower income tax rates than most of America. And now the European Union is stealing another competitive march on Washington, this time on a free trade deal with the world's 13th largest economy, fast-growing South Korea. Last week Brussels and Seoul finished the outline of a new trade agreement, and the two sides will now write up the technical language to codify it. As for the pending U.S.-Korea trade agreement, Congress has done . . . nothing. South Korea has made negotiating trade deals a centerpiece of its foreign and economic policy. The U.S. FTA, signed in 2007 but still not ratified, is one example. Negotiations are planned or under way with a long list of countries, including India, Canada and Australia. On the EU side, the Commission is vigorously defending the pact against domestic critics, including the European auto industry. EU approval isn't a sure thing, but Swedish Prime Minister Fredrik Reinfeldt is aiming to finish it by December. Compare that to the U.S., where the FTA with Korea is bogged down in Big Labor politics".

I guess I'm missing something but we see here that the Obama regime is paying over a million dollars for 2lb of ham. Defence contractors eat your heart out! (H/T Charlie Foxtrot)

My Twitter.com identity: jonjayray. My Facebook page is also accessible as jonjayray (http://www.facebook.com/jonjayray in full). For more blog postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS, IMMIGRATION WATCH INTERNATIONAL, EYE ON BRITAIN and Paralipomena

List of backup or "mirror" sites here or here -- for readers in China or for everyone when blogspot is "down" or failing to update. Email me here (Hotmail address). My Home Pages are here or here or here

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The Big Lie of the late 20th century was that Nazism was Rightist. It was in fact typical of the Leftism of its day. It was only to the Right of Stalin's Communism. The very word "Nazi" is a German abbreviation for "National Socialist" (Nationalsozialist) and the full name of Hitler's political party (translated) was "The National Socialist German Workers' Party" (In German: Nationalsozialistische Deutsche Arbeiterpartei)

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Why Winners Win

by Rich Tucker

Nice to see someone else unwinding Gladwell's popular but simplistic formulas below. I have had a few shots at the Gladwell fantasies myself -- e.g here

Fortune, it is said, favors the bold. And best-selling author Malcolm Gladwell is certainly bold. In his latest chart-topper, “Outliers,” Gladwell sets out to change our perception of success by showing that we must “appreciate the idea that the values of the world we inhabit and the people we surround ourselves with have a profound effect on who we are.”

Throughout the book, Gladwell does an entertaining job of peeling back the onion. Bill Gates is a success not simply because he’s smart, Gladwell writes, he’s a success because of when and where he was born, because he had access to an early version of a computer. Because companies in his area needed help programming their mainframes. And on and on and on.

Gladwell digs into the lives of successful people and shows how someone’s life can be changed by when they’re born, by what their parents do for a living, even by the culture they’re raised in. But what’s surprising is that he omits the most important factor: The negative effect of government on people’s lives.

For example, he writes about the importance of being born at the “right” time, and shows that hockey and soccer players born early in the year have big advantages. Fair enough. Then he lists the 75 richest people in human history, and adds that almost a fifth come from “a single generation in a single country,” all born in the United States in the 1830s.

These men came of age “when all the rules by which the traditional economy had functioned were broken and remade,” Gladwell writes. And that’s true. But they were also the last generation to come of age when they were allowed to keep all the money they earned. Congress passed an income tax in the 1890s, and an amendment to the Constitution in 1913 made income taxes a permanent feature of the landscape.

As conservatives have long understood, the heavier you tax something, the less you get of it. Our nation decided to tax economic success, so we shouldn’t be surprised that we’ve produced fewer successful people than we once did.

He also writes about the success of Silicon Valley in its early days, noting that computer programming “was a wide-open field in which all participants were judged solely on their talent and their accomplishments.” That was true in 1976, of course, but not as much today. In the late 1990s the government sued Microsoft for antitrust violations, and today’s Silicon Valley companies hire plenty of lobbyists who attempt to use the power of the federal government to swat down other companies.

Gladwell also takes on the American educational system without zeroing in on the true culprits. Summer vacation, he writes, “is considered a permanent and inviolate feature of school life” even though he cites a study showing it harms lower-income children. “The only problem with school, for the kids who aren’t achieving, is that there isn’t enough of it,” he writes.

Well, the Japanese school year runs 243 days. The South Korean school year lasts 220 days. Why can’t the U.S. expand its 180-day school year to match the Asian tigers? Because American schools are run by the government, and the government is swayed by the lobbying efforts of teacher’s unions.

Most parents would love a longer school year; my children certainly get bored in mid-August. But unions exist to limit the amount their members are forced to work, and teacher’s unions would never approve of adding weeks to the school year.

The interesting thing is that the United States is itself an outlier. The book “The Size of Nations” points out that of the 10 richest countries, only one has a large population. The U.S., now with some 300 million people, is miles ahead of Switzerland, the next largest with a mere 7 million. It’s a lot easier for nations (the Soviet Union, the United Kingdom) to break up than for them to remain united and succeed.

In the past our federal government mostly stayed out of the way, allowing the Rockefellers, Carnegies and Gateses to build huge companies and deliver products and services that benefit all of us. But over the decades it’s become more intrusive through higher taxes and regulations. Year by year it’s eroding the traditional advantages of being an American.

“To build a better world we need to replace the patchwork of lucky breaks and arbitrary advantages that today determine success,” Gladwell writes, “with a society that provides opportunities for all.”

Very true, but we’re going in the wrong direction. The government is buying and propping up failing companies, instead of encouraging innovation. It dominates the housing market, the financial market and the insurance market. It aims to annex health care and subject Americans to European-level taxation.

Soon fortune won’t favor the bold, it’ll favor those with the best lobbyists. Maybe that changing landscape should be the topic of Malcolm Gladwell’s next expose.

SOURCE

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Destroying America's financial capital

In the fifteenth and sixteenth centuries, Florence, Genoa, and Venice were the financial capitals of the Western world. When they declined, financial leadership shifted to Amsterdam, then to London, and finally to New York, whose supremacy went unchallenged from 1945 until the end of the twentieth century. In the new millennium, however, it is showing cracks. A decade ago, companies fought for the privilege of being listed on the New York exchanges, but interest has dropped significantly since the bursting of the tech bubble in 2000. The credit crisis has only made things worse. Will the city be able to retain its title as the world's finance king? What will Wall Street look like in 2015?

Geography alone guarantees that New York will remain one of the world's financial leaders. A globalized economy spanning 24 time zones offers room for at least three major financial centers. With one center likely in Europe or the Middle East and a second in East Asia, New York would be the natural third pillar in a hemisphere that offers little competition for the job.

If we look beyond the Americas to the broader world, however, New York's enduring supremacy is not a foregone conclusion. Besides the power of inertia--people like to trade where others trade, so they trade in New York--the city has benefited from three comparative advantages in the past: a sophisticated and well-trained workforce, reliable but not intrusive regulations, and (at least since Ronald Reagan's presidency) a favorable tax and political environment. All these advantages have shrunk, if not vanished.

New York's skills advantage eroded long before the 2008 crisis. Thanks to its early deregulation of brokers' commissions in 1974, New York took the lead in the quality and reliability of trade. Global companies came to the city to be traded and judged by New York's analysts. But during the 1990s, most European stock exchanges caught on. Their tardiness allowed them to adopt the most recent trading technology easily, and they moved faster and more decisively into electronic trading, creating markets that were at least as liquid as the traditional exchanges. Most of the daily trading in cross-listed companies--companies traded on both the traditional and electronic exchanges--moved back to the country of origin, eliminating one of New York's advantages.

Over the last 20 years, American business schools also helped close the knowledge gap between New York and the rest of the world by admitting more students from abroad, to the point that over 30 percent of the schools' populations were foreign-born. Most of these students chose to return to their home countries after they finished school, bringing new ideas and techniques with them. The financial crisis has only accelerated this process. Restrictions against hiring foreign workers imposed by the federal government's Troubled Asset Relief Program (TARP) ensure that a larger flow of talented people will head back to their native countries, further reducing the skills gap between America and the rest of the world.

New York's competitive advantage has also eroded on the regulatory front. For financial markets to work properly, the regulatory regime must strike a delicate balance between preventing fraud and abuse, on the one hand, and jeopardizing the freedom to innovate, on the other. For many years, the United States appeared to have achieved this balance. No longer. From Enron and WorldCom to Bernie Madoff and the subprime meltdown, the Securities and Exchange Commission's reputation as an effective enforcer is in tatters. Once, foreign companies were happy to list in New York because subjecting themselves to American regulators signaled to investors that they were transparent companies with reliable accounts. But what's the certification value of being listed on a New York exchange if the New York policers don't detect fraud? Meanwhile, the restrictions imposed ex post facto on TARP recipients, Congress's confiscatory tax on executive bonuses, and contemplated populist financial! reforms have made clear that regulators will heavily interfere with private business. In fact, from both a political and a regulatory perspective, the United States of the future will look like a continental European country. That's not an environment conducive to financial innovation.

Finally, the crisis will have major effects on New York's competitive edge in the tax area. Despite New York City's and New York State's heavy taxes, the federal government's low top tax rate and favorable treatment of hedge-fund income long made New York an attractive place for financiers to live and work. Prospective tax increases (at both the federal and state levels) and the likely closing of tax loopholes will make New York very unattractive, especially for resident aliens who can avoid higher taxes by moving abroad. New York's main consolation is that the United Kingdom's fiscal deficits will prevent the British from competing too aggressively on the tax front. But new financial centers, such as Singapore or Dubai--or even old ones, like Zurich--could become a real threat.

One might argue that New York maintained its world dominance during the high-tax years of the Johnson and Nixon administrations, so higher taxes can't hurt more. But the delocalization of trade brought about by technology and the Internet has made global competition much more intense than it used to be. Bermuda, the capital of reinsurance, could easily become the capital of the hedge-fund industry as well.

The biggest threat of all to the Big Apple's financial supremacy, however, comes from Washington. The Founding Fathers wisely decided that the nation's political capital should be separate from its financial capital (in both senses of the word). Now this splendid segregation has ended. If the outcome of the Chrysler bankruptcy is any indication, Washington is willing to flex its muscle in financial decisions, altering the substance of contracts freely agreed to by private parties. In so doing, the national government has undermined the certainty of the rule of law, which was the American capital market's strongest asset.

Unfortunately, since Washington is the source of the problem, New York City can do little by itself to defend its position. Perhaps the city's best bet is to offer favorable tax treatment to the financial industry--but to do that, it had better first put its finances in order.

SOURCE

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ELSEWHERE

Rasmussen: 80% Say Wall Street, Not Taxpayers, Benefited More From Bailout - As Goldman Sachs Announces Record Profit: "Eighty percent (80%) of Americans now say Wall Street benefited more from the bailout of the financial industry than the average U.S. taxpayer. Only eight percent (8%) of adults say the taxpayer benefited more, according to a new Rasmussen Reports national telephone survey. Twelve percent (12%) are not sure. This marks a notable increase in skepticism from October when 63% saw Wall Street as the chief beneficiary as the first bailout of the financial industry was working its way through Congress. In February when the Obama administration announced another bank bailout plan, 67% said Wall Street would benefit more than taxpayers. Goldman Sachs, one of the Wall Street recipients of a bailout, repaid that money in June. The firm, which also has benefited from cheap government financing, is now reporting a record profit for the last quarter and has announced plans for billions in employee bonuses."

From a time when the Episcopal church was still Christian: "On Sunday July 20, 1969 the first people landed on the moon. Neil Armstrong and Buzz Aldrin were in the lunar lander which touched down at 3:17 Eastern Standard Time. Buzz Aldrin had with him the Reserved Sacrament... Later he wrote: “In the radio blackout, I opened the little plastic packages which contained the bread and the wine. I poured the wine into the chalice our church had given me. In the one-sixth gravity of the moon, the wine slowly curled and gracefully came up the side of the cup. Then I read the Scripture, ‘I am the vine, you are the branches. Whosoever abides in me will bring forth much fruit.’ …Eagle’s metal body creaked. I ate the tiny Host and swallowed the wine. I gave thanks for the intelligence and spirit that had brought two young pilots to the Sea of Tranquility. It was interesting for me to think: the very first liquid ever poured on the moon, and the very first food eaten there, were the communion elements.” NASA kept this secret for two decades. The memoirs of Buzz Aldrin and the Tom Hanks’s Emmy- winning HBO mini-series, From the Earth to the Moon (1998), made people aware of this act of Christian worship 235,000 miles from Earth."

Obama's hatred of small businesses on display: "The White House on Wednesday blasted growing, bipartisan congressional efforts to aid closed auto dealers but stopped short of threatening a veto. An amendment to put dealers back in business survived a challenge in the House Rules Committee on Tuesday and is to be voted on as part of the financial services appropriations bill this week. The Obama administration said reversing dealer closings would set a "dangerous precedent, potentially raising legal concerns, to intervene into a closed judicial bankruptcy proceeding on behalf of one particular group at this point." The statement is consistent with the administration's position during the bankruptcies of General Motors Corp. and Chrysler LLC, in which the automakers shed more than 3,000 dealerships. Nonetheless, battle lines are being drawn as a number of high-ranking congressional Democrats back a measure opposed by a president of their own party." [Obama likes big businesses only -- ones he can more easily control]

Seattle boondoggle finally operational: "Thousands of people enjoyed free rides Saturday on the first day of service for Seattle's new light rail line. After more than four decades of political wrangling and financial struggles that ran transit rail plans for Seattle off the tracks, trains are finally running. Sound Transit officials estimated more than 30,500 riders had used the new light rail line as of Saturday afternoon. A soccer game and a popular food festival were expected to add to those numbers as the day progressed. The agency offered free rides Saturday, and will do so again on Sunday for the opening weekend of the new line... A dozen two-car trains ran at 7 1/2-minute intervals. Two more trains were in reserve, along with seven other rail cars that also could be used."

There is a new lot of postings by Chris Brand just up -- on his usual vastly "incorrect" themes of race, genes, IQ etc.

My Twitter.com identity: jonjayray. My Facebook page is also accessible as jonjayray (http://www.facebook.com/jonjayray in full). For more blog postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS, IMMIGRATION WATCH INTERNATIONAL, EYE ON BRITAIN and Paralipomena

List of backup or "mirror" sites here or here -- for readers in China or for everyone when blogspot is "down" or failing to update. Email me here (Hotmail address). My Home Pages are here or here or here

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The Big Lie of the late 20th century was that Nazism was Rightist. It was in fact typical of the Leftism of its day. It was only to the Right of Stalin's Communism. The very word "Nazi" is a German abbreviation for "National Socialist" (Nationalsozialist) and the full name of Hitler's political party (translated) was "The National Socialist German Workers' Party" (In German: Nationalsozialistische Deutsche Arbeiterpartei)

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Marginalizing Sarah Palin

by Bill O'Reilly

About a month ago, in this space, I told you The New York Times had rigged a poll about Americans wanting to pay higher taxes to fund government-run health care. The Times poll said 57 percent were willing to pay more tax and 37 percent were not willing to do so. But what the Times did not tell its readers was that 48 percent of those polled voted for Barack Obama. Only 25 percent supported John McCain. Of course the poll results would skew left.

Now we have another media deceit. The most recent edition of Newsweek magazine includes a nasty hatchet job on Sarah Palin by a guy named Rick Perlstein. The piece is presented as hard news -- not an opinion column -- and basically says that the governor is a moron who is supported by dimwitted conservatives at odds with smart Republicans. Perlstein also submits that I and other Fox News people lead the dumb GOP folks.

Anyone reading the story would think that a Newsweek correspondent put it together -- the magazine has a staff of trained journalists to do its reporting and analysis. But Perlstein is not a Newsweek correspondent and is identified only as an author at the end of the piece. Strange.

But it gets even stranger. Turns out that Perlstein is a far-left zealot who blogs for a liberal site called "Campaign for America's Future." He lists one of his "interests" as "conservative failure." In 2007, Perlstein wrote: "I've just become a proud Fox (News) attacker. Now, you can, too. It's not a boycott. It's simply calling advertisers and informing them what Fox says. Fox can't survive that."

So Newsweek hired a far-left loon to do a hit piece on Palin, conservatives and Fox News, and did not inform its readers of his dedicated point of view. Newsweek editor Jon Meacham basically tried to disguise an ideological attack as news coverage.

Newsweek magazine is in dire financial trouble and is seeking to survive by cultivating a liberal, urban audience. There is nothing wrong with that as long as the editors are upfront about it. But this sneaky media stuff is harming America, and it must be unmasked.

With Barack Obama in the White House, the country is facing profound change. America is already on the verge of bankruptcy, and federal intrusion into private business, health care and the environment is unprecedented. The far left aims to create a huge federal apparatus that will promote income redistribution and "social justice." They also see a major opportunity to knock out Judeo-Christian traditions, replacing them with a secular philosophy.

In order to accomplish this, leftwing media are marginalizing people like Palin who oppose the strategy. Under the guise of hard news reporting, the media are pushing rank propaganda on the citizenry. Dr. Joseph Goebbels, the Nazi propaganda minister, successfully developed this tactic in the 1930s. Americans need to wake up and smell the corruption. If crazy ideologues have infiltrated the news business, we need to know about it. And now you do.

SOURCE

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Krugman gets something right

Sometimes the distinguished economist emerges from within the Leftist ideologue -- see below

The American economy remains in dire straits, with one worker in six unemployed or underemployed. Yet Goldman Sachs just reported record quarterly profits — and it’s preparing to hand out huge bonuses, comparable to what it was paying before the crisis. What does this contrast tell us? First, it tells us that Goldman is very good at what it does. Unfortunately, what it does is bad for America.

Second, it shows that Wall Street’s bad habits — above all, the system of compensation that helped cause the financial crisis — have not gone away.

Third, it shows that by rescuing the financial system without reforming it, Washington has done nothing to protect us from a new crisis, and, in fact, has made another crisis more likely.

Let’s start by talking about how Goldman makes money. Over the past generation — ever since the banking deregulation of the Reagan years — the U.S. economy has been “financialized.” The business of moving money around, of slicing, dicing and repackaging financial claims, has soared in importance compared with the actual production of useful stuff. The sector officially labeled “securities, commodity contracts and investments” has grown especially fast, from only 0.3 percent of G.D.P. in the late 1970s to 1.7 percent of G.D.P. in 2007.

Such growth would be fine if financialization really delivered on its promises — if financial firms made money by directing capital to its most productive uses, by developing innovative ways to spread and reduce risk. But can anyone, at this point, make those claims with a straight face? Financial firms, we now know, directed vast quantities of capital into the construction of unsellable houses and empty shopping malls. They increased risk rather than reducing it, and concentrated risk rather than spreading it. In effect, the industry was selling dangerous patent medicine to gullible consumers.

Goldman’s role in the financialization of America was similar to that of other players, except for one thing: Goldman didn’t believe its own hype. Other banks invested heavily in the same toxic waste they were selling to the public at large. Goldman, famously, made a lot of money selling securities backed by subprime mortgages — then made a lot more money by selling mortgage-backed securities short, just before their value crashed. All of this was perfectly legal, but the net effect was that Goldman made profits by playing the rest of us for suckers.

And Wall Streeters have every incentive to keep playing that kind of game. The huge bonuses Goldman will soon hand out show that financial-industry highfliers are still operating under a system of heads they win, tails other people lose. If you’re a banker, and you generate big short-term profits, you get lavishly rewarded — and you don’t have to give the money back if and when those profits turn out to have been a mirage. You have every reason, then, to steer investors into taking risks they don’t understand.

And the events of the past year have skewed those incentives even more, by putting taxpayers as well as investors on the hook if things go wrong. I won’t try to parse the competing claims about how much direct benefit Goldman received from recent financial bailouts, especially the government’s assumption of A.I.G.’s liabilities. What’s clear is that Wall Street in general, Goldman very much included, benefited hugely from the government’s provision of a financial backstop — an assurance that it will rescue major financial players whenever things go wrong.

You can argue that such rescues are necessary if we’re to avoid a replay of the Great Depression. In fact, I agree. But the result is that the financial system’s liabilities are now backed by an implicit government guarantee.

Now the last time there was a comparable expansion of the financial safety net, the creation of federal deposit insurance in the 1930s, it was accompanied by much tighter regulation, to ensure that banks didn’t abuse their privileges. This time, new regulations are still in the drawing-board stage — and the finance lobby is already fighting against even the most basic protections for consumers.

If these lobbying efforts succeed, we’ll have set the stage for an even bigger financial disaster a few years down the road. The next crisis could look something like the savings-and-loan mess of the 1980s, in which deregulated banks gambled with, or in some cases stole, taxpayers’ money — except that it would involve the financial industry as a whole.

The bottom line is that Goldman’s blowout quarter is good news for Goldman and the people who work there. It’s good news for financial superstars in general, whose paychecks are rapidly climbing back to pre-crisis levels. But it’s bad news for almost everyone else.

SOURCE

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Consequences of the Liberals' Death Wish

by Emmett Tyrrell

Witnessing the current attempt by liberal Democrats in Congress to investigate CIA officers and possibly prosecute them for a covert initiative allegedly undertaken in time of war (a war that still is going on) inspires a happy thought. Perhaps these liberals have a death wish. The American people do not want another 9/11 attack on our shores. They approve of operations against al-Qaida, covert or otherwise. If the liberals continue in their harassment of the CIA for its efforts to protect American national security, for a certitude the electorate will turn these liberals out. Sayonara, my liberal friends!

If the liberals' death wish only extends to themselves, they have my full support. Yet it is conceivable that their death wish extends to the country itself. They rarely have anything very complimentary to say about their homeland. President Barack Obama talks about the United States as though it were a failed state. Liberals in general talk about the United States as though it were the provenance of slavery, bigotry, male chauvinism and -- oh, yes -- cowboy diplomacy. The only favorable thing about America that I have heard from the liberals recently is that America was the birthplace of Michael Jackson. In Congress, they observed a moment of silence to commemorate his assuming room temperature.

The liberals' present furor over the CIA's covert operations against al-Qaida suggests that they harbor a death wish not only for themselves but also for the whole country. Nations at war are not supposed to divulge military or intelligence operations. Often they keep them confidential for generations. British historian David Reynolds, in his superb book about Winston Churchill's World War II memoirs, tells us that both Churchill and the Labour government kept state secrets hidden from the British public and from the world years after the war had ended. Reynolds relates in "In Command of History" how Churchill's famous Nobel Prize-winning memoirs abound with evasions and inaccuracies, for instance, Churchill's silence about cracking the Nazi code (Enigma) and Churchill's true assessments of Dwight Eisenhower and Josef Stalin. Had Churchill been forthright on those matters, the Labour government might never have allowed the volumes to be published.

Today's liberals in Congress are demanding the investigation and threatening the prosecution of intelligence officers who are rumored to have undertaken a secret initiative to assassinate al-Qaida leaders. The initiative supposedly was authorized by President George W. Bush immediately after 9/11. It is not clear whether the initiative ever got beyond the planning stages. Reportedly, it envisaged sending hit teams into al-Qaida territory to do what our Predator and Reaper drones are doing now: kill our enemies. Naturally, much about the initiative is shrouded in secrecy. Yet by charging that Congress should have been informed of the initiative, liberals are making a colossal fuss. They claim that the diabolical Dick Cheney ordered the CIA to keep Congress in the dark and that the initiative was illegal. They want the whole shocking scheme out in the open. Doubtless, al-Qaida does, too.

There are serious consequences to this sort of harassment of intelligence operations. Over at the CIA, there are professionals today who are fearful that they may be forced to hire lawyers soon to defend them against the politicians' investigations. Uncertain as to whether the Obama administration will protect them, they are distracted and hunkering down. Ongoing operations are being affected.

Right now, very reliable sources tell me that the CIA is aware of the presence of al-Qaida leaders in Somalia and possibly Yemen. The terrorists have moved operations there from Pakistan, but the CIA is reluctant to take action against these brutes out of fear that they will not be supported by the government and may be exposed on Capitol Hill.

Such are the consequences of our liberals' death wish. As I say, I do not mind them imperiling their own existence. But when they imperil our intelligence community's ability to prevent another 9/11, it is no joke.

SOURCE

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ELSEWHERE

An excellent meditation on the meaning of Romans chapter 13, where Christians are required to submit to secular authorities.

Fired inspector general files lawsuit: "The inspector general President Obama fired last month filed a lawsuit Friday to get his job back, claiming the firing was politically motivated and broke a 2008 law governing how watchdogs can be dismissed. Gerald Walpin, inspector general of the Corporation for National and Community Service, was removed June 10. In a letter telling Congress of his decision, Mr. Obama said he no longer had confidence in Mr. Walpin, but did not elaborate. Mr. Walpin says he was fired because he targeted an Obama supporter, Sacramento Mayor Kevin Johnson, in a successful investigation that resulted in Mr. Johnson and an academy on which he formerly served as executive director repaying half the $847,000 it received in government grants. He also said in its haste to dump him, the administration never interviewed him or any of his staff - an omission Mr. Walpin said in his lawsuit violates a 2008 law meant to protect government watchdogs."

A small reprieve. Cardcheck is dead: "Organized labor is nearing a deal to salvage legislation that could aid the union movement, but it had to drop "card check" -- a key component of the original bill that would allow workers to form a union by signing cards instead of holding a secret ballot vote. While giving up on card check is a setback for organized labor, a reworked bill would still offer a major overhaul of labor laws to help unions sign up more members. The bill calls for binding arbitration within 120 days if a new union and management can't agree on a first contract and stiffens penalties on businesses that threaten or intimidate workers trying to form a union... Businesses groups that have spent millions on ads and lobbying campaigns railing against card check say its removal would not change their position. While card check has dominated the debate, business leaders say they were always more concerned about binding arbitration."

Taxpayer-subsidized automobiles coming: "On June 1, GM Vice President for Global Manufacturing Gary Cowger announced as part of the company's bankruptcy filing that it would close the Orion facility in its drive to become a "leaner, stronger and more flexible" company. Though still a relatively modern facility making midsize Chevy Malibu and Pontiac G6 sedans, Orion's once 5,000-strong labor force had shriveled to 1,200 as the recession ravaged sales and the company planned to eliminate its Pontiac brand and consolidate Malibu production at a Kansas City facility. But a few weeks later, the company reversed course. GM now says it will retool Orion to make compact, gas-sipping cars. The change of heart says a lot about how GM's new owners -- the federal government owns 60% of the company and the United Auto Workers (UAW) owns 17% -- are making considerations other than profitability a top priority for the auto maker.... However, there is one way to make building small cars in America pay off -- through government subsidies."

Germany believes Iran could have nuclear bomb within 6 months: "Iran is capable of assembling an atomic bomb within six months, German intelligence analysts told the German weekly newsmagazine Stern. "If they want to, they will be able to set off a uranium bomb within six months," an analyst with Germany's intelligence service, Bundesnachrichtendienst (BND), told the magazine. German intelligence officials told Stern believe Iran has "mastered" every stage of uranium enrichment and that they have activated enough centrifuges to produce sufficient quantities of weapons-grade uranium for at least one atomic bomb. "Nobody would have thought this possible some years ago," an intelligence official told Stern."

My Twitter.com identity: jonjayray. My Facebook page is also accessible as jonjayray (http://www.facebook.com/jonjayray in full). For more blog postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS, IMMIGRATION WATCH INTERNATIONAL, EYE ON BRITAIN and Paralipomena

List of backup or "mirror" sites here or here -- for readers in China or for everyone when blogspot is "down" or failing to update. Email me here (Hotmail address). My Home Pages are here or here or here

****************************

The Big Lie of the late 20th century was that Nazism was Rightist. It was in fact typical of the Leftism of its day. It was only to the Right of Stalin's Communism. The very word "Nazi" is a German abbreviation for "National Socialist" (Nationalsozialist) and the full name of Hitler's political party (translated) was "The National Socialist German Workers' Party" (In German: Nationalsozialistische Deutsche Arbeiterpartei)

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Hitler's propaganda

I am reproducing the article from the WSJ in full below because it is generally accurate as far as it goes. I was slightly amused by the comment that the exhibition the author is reviewing doesn't say much about the reactions of the German people. Since Hitler was virtually worshipped by many Germans that is of course a tactful omission. The "variety of positive appeals" that Hitler used are also far from fully detailed. That socialism was one of them could not of course be mentioned. I and many historians agree, however that "the German populace was ultimately more indifferent to the fate of European Jews than rabidly interested in their destruction". Hitler's view of the Jews was fairly incidental to his overall appeal to Germans. After all, practically everyone was antisemitic to some degree in those days. Even the man who eventually declared war on Hitler -- Neville Chamberlain -- had some antisemitic views.

The statement below that the Nazis could never "win a majority in free elections" is misleading, however. In elections where there are more than two major parties, winning an outright majority of the vote is rare for anyone. Mrs Thatcher, for instance, once had large parliamentary majorities in Britain but she never went anywhere near getting a majority of the popular vote. Britain's centrist Liberal party siphons off too many voters from both Right and Left for ANY British party to have much chance of gaining an absolute majority. So Hitler's electoral achievements were actually quite good in the context of the Germany of his day. He led the party with the largest number of votes and that normally entitles a party to govern in Europe (and also in Canada, for that matter)

There is quite a good slideshow of Nazi political posters attached to the article -- though it helps if you understand German. I reproduce below one Nazi poster that I had not seen before. It is fairly crass so was probably not very effective. I reproduce some of what were probably the more effective ones here. My own much fuller account of Hitler's motives and modus operandi is here



After the fatal shooting last month of a security guard by a white supremacist, the U.S. Holocaust Memorial Museum’s entrance was garlanded by a makeshift memorial of flowers, candles and condolence notes. The memorial has since been cleared away, but a visit to “State of Deception: The Power of Nazi Propaganda,” on the reverberations of hate speech, still packs an extra charge.

“State of Deception”—a special exhibition rich in content but somewhat cramped in design—follows the Nazi propaganda effort from its inception through its dismantling after World War II. With photo murals crowded with labels, vintage newsreels captioned with American newspaper headlines and oral-history interviews, the show raises questions about the links between propaganda and action. It offers insight into Nazi planning and aims. And it explores, in a fragmentary way, the German public’s response to Nazi efforts at manipulation.

Vicious caricatures of Jews, both foreshadowing and facilitating the Holocaust, are the most familiar detritus of Hitler’s propaganda machine. But “State of Deception” reminds us that the Nazis also employed a variety of positive appeals to rally support for dictatorship and European conquest.

Details and images nuance our picture of the times. One of the show’s first images, for example, is a 1932 campaign poster with Hitler’s face floating eerily against a black background, a design that evokes celebrity portraiture. The poster is book-ended later in the show by a postwar, red-on-black, anti-Nazi poster depicting Nazism as a skeletal death’s head—an apparent reference to both mass murder and the insignia of SS concentration-camp guards.

Hitler drew inspiration from effective World War I propaganda denouncing the Germans as barbaric “Huns.” One World War I poster—featuring an apelike figure, representing Germany, carrying a lovely maiden—was appropriated by a September 1939 Nazi poster to remind Germans of “the old hatred.” The regime would later argue that rumors about the gassing of Jews were akin to the fabricated tales of German atrocities during World War I.

The Nazi message first resonated in the 1920s and early 1930s against a backdrop of the Weimar Republic’s economic and social disarray. Even then, the Nazis, while preaching national unity, targeted appeals to different constituencies. Posters urged women to “save the German family” from unemployment and asked students to become “the Führer’s propagandists.” Anti-Semitic screeds were ratcheted up or down, depending on the audience.

“State of Deception” offers enticing glimpses of the regime’s myth-making apparatus. A painting by Hermann Otto Hoyer is suggestively titled “In the Beginning Was the Word” and shows Hitler enthralling a group of converts during the 1920s. Another, by Hubert Lanzinger, depicts Hitler as a medieval knight on horseback and carrying a swastika flag.

A series of black-and-white photographs by official photographer Heinrich Hoffman captures Hitler rehearsing the dramatic poses and gestures that would become his oratorical trademark. Later, we can watch a clip of Hitler rousing a crowd with an emotional fervor that no longer seems spontaneous.

Once Hitler attained the chancellorship in 1933, he made the party’s propaganda chief, Joseph Goebbels, minister of the Orwellian-sounding Reich Ministry of Public Enlightenment and Propaganda. “Enlightenment,” of course, meant book-burnings and increasingly tight Nazi control over all forms of communication and entertainment. Goebbels, we learn, sought to supplement ideological appeals with mass entertainment designed to cement the new German community.

The seductions of Nazi ritual had a certain allure even for Jewish children. Peter Feigl, who greeted Hitler jubilantly with the rest of the Austrian population during the 1938 Anschluss, was dismayed that he couldn’t participate in Hitler Youth groups, with their compelling martial music and uniforms. “All this is fascinating and hypnotizing for a young kid,” he explains in a video clip from a 1995 interview.

The exhibition doesn’t chart German reaction to Nazi propaganda in any detail, but it does argue that not every initiative was equally successful. The nasty anti-Semitic stereotypes of the 1940 pseudodocumentary “The Eternal Jew”—likening Jews to vermin—attracted few viewers. By contrast, Veit Harlan’s 1940 feature film, “The Jew Süss,” a portrait of a corrupt 18th-century Jewish court financier, was a huge hit—thanks, we’re told, to its strong storytelling and production values.

The Nazi propaganda machine even extended into the Jewish ghettos and concentration camps. Scenes from “The Führer Gives the Jews a Town,” shot at the Theresienstadt ghetto and transit camp near Prague, feature seemingly happy, well-fed Jewish children—shortly before their transport to Auschwitz.

The now-infamous 1944 documentary, never distributed, capitalized on the ghetto’s beautification for an earlier visit by the International and Danish Red Cross. Their reports demonstrated that the Nazis could bamboozle even a foreign audience. The exhibition offers excerpts of an astonishing 1979 interview, conducted by the French filmmaker Claude Lanzmann, in which International Red Cross representative Maurice Rossel appears to blame Theresienstadt’s “prominent” Jewish residents for helping to foster the delusion of normality.

“State of Deception” adopts the view that, on the whole, the German populace was ultimately more indifferent to the fate of European Jews than rabidly interested in their destruction. It also stresses the limitations of Nazi propaganda, which could neither win the Nazis a majority in free elections nor prevent their eventual defeat.

After the war, Allied forces tried to root out the physical residue of Nazism, from street signs to school books, and try some of its surviving propagandists for crimes against humanity.

In Germany today, advocating Nazi ideology is illegal. But in the U.S. and elsewhere, balancing free speech with the desire to silence partisans of hate crimes and genocide remains a vital and troubling concern. The exhibition ends, appropriately, with this dilemma clarified but not entirely resolved.

SOURCE

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The Threat of Totalitarianism

BY HILMAR VON CAMPE

It may sound like I am exaggerating or over-dramatizing the situation, but I think that we have a repetition of Hitler's policy to get total power developing in the United States. Obama's massive expansion of the federal government will destroy the United States as a world power, make us even more dependent on our enemies, and will ruin a great part of the present population and their descendants.

I believe his real purpose is not to get the United States out of the financial mess but to set the stage for a total takeover. The liberals controlling Congress are helping him in that task.

I lived through the Nazi nightmare and my family paid dearly. My elder brother fell in Russia and my father perished in a Soviet concentration camp without having committed any crime.

The rest of the family was expelled from our home in East Germany and we came as refugees to West Germany. Everything I write or lecture about is based on my personal experiences in Nazi Germany. There is nothing theoretical about my description about what happens when a nation throws God out of government and society. I don't want my children and grandchildren to go through the same.

My writing is part of my restitution for the crimes of a godless government, of the evil of which I was a part. My restitution includes a commitment to the state of Israel and the God-given rights of the Jewish people.

Afraid Of Government

During the Nazi years people were afraid of their government. Everybody spoke practically two languages-one in public and one with close friends. Since the Gestapo always tried to find out from children what their parents were thinking, my parents like all other parents had to be careful about what they said in our presence. My father listened to the Swiss broadcasts of Beromünster late at night so that we wouldn't notice. To listen to foreign news was a crime and could lead to death.

I noticed now that here in America many people are also afraid of their government and guns sales are on the rise. Thomas Jefferson stated: when the people fear their government, there is tyranny; when the government fears the people, then there is liberty. I hope that the new tea-party movement is successful in frightening the Washington establishment.

Something is very wrong in America and this nation is moving in the wrong direction. We are getting close to Nazi reality.

Threat To A Free Press

I am especially concerned about the dangers of a government-takeover of the media. Hitler didn't need to do that because the Nazis already controlled the media-newspapers, radio and the film industry.

We were told in the Hitler Youth and in school that we could pray and sing hymns at home or in our church as much as we liked. But the rules for the German society would come from the National Socialist Party and nobody else. They, like the Soviets, had realized that a moral authority above the government in the form of God would be a threat to their power grab.

The ACLU has taken up this Nazi philosophy and applied it successfully to American society. The ousting of God from our schools is far advanced and our youth are exposed to immoral and godless indoctrination instead of learning American history, our Constitution, and the concepts of our founding fathers. Our government establishment has been watching this development for decades without doing anything about it. Our enemies don't need suicide bombers to bring us down. We commit national suicide ourselves by watching the destruction of the moral and historical basis of our society.

When the Nazis took over power on January 30, 1933, they immediately set up a parallel party structure to the administration to watch over the action of the civil servants. They were responsible to Hitler. Obama has taken a similar approach and has already at the time of this writing appointed 16 czars, part of an unconstitutional governmental apparatus. It seems that their task is to watch over and interfere in the private sector. However, they report only to Obama, bypassing the Congress.

The first Hitler government had only two members of the National Socialist German Workers Party, one being the minister of interior who was in charge of the police. Obama has some Republicans in his government and he acts like a military hawk in Afghanistan. These moves are designed to fool the opposition until total power is established.

Much more HERE

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ELSEWHERE

Revenge. Army reservist terminated from civilian job after questioning Obama eligibility: The Department of Defense has allegedly compelled a private employer to fire a U.S. Army Reserve major from his civilian job after he had his military deployment orders revoked for arguing he should not be required to serve under a president who has not proven his eligibility for office. According to the CEO of Simtech Inc., a private company contracted by the Defense Security Services, an agency of the Department of Defense, the federal government has compelled the termination of Maj. Stefan Frederick Cook. Cook's attorney, Orly Taitz, wrote in her blog that Simtech CEO Larry Grice said he would try to find another position within the company for Cook, but nothing is currently available. The Department of Defense does contracting in the general field of information technology/systems integration, at which Cook, a senior systems engineer and architect, was employed until taking a military leave of absence on July 10 in preparation for his deployment to Afghanistan.

Death penalty questions for Sotomayor: “The death penalty has received little attention in the Sotomayor debate. However, when a massive 707,000 homicides in 36 years (one every 27 minutes) result in 1,136 executions (0.16%), capital punishment has been all but abolished (42-43). What remains is a costly, agonizing farce, dragging out cases for decades (48). With no end in sight to intolerable homicides, and the U.S. Supreme Court having played a major role in this fiasco, the following questions (drawn from actual cases) will have continuing relevance in illustrating the danger of confirming activist justices who abuse their power and the public’s trust.”

Pentagon considers adding 30,000 to Army: “The Pentagon is considering a plan to add 30,000 soldiers to the Army to bolster a force depleted by a growing number of troops who are wounded, stressed or for other reasons cannot deploy with their units. Struggling to wage wars on two fronts, the Army says it needs a temporary increase in order to fill vacancies in units heading to the battlefront.”

Test of Russian ballistic missile fails: “Russia’s latest test of its advanced submarine-launched ballistic missile Bulava has failed, with the missile self-destructing, the Defense Ministry said Thursday — another setback for the nation’s efforts to upgrade its aging arsenal. The failure was the seventh in 11 test launches for the Bulava, and could have consequences for Russia’s top missile designers and missile force commanders.”

Maine: Frugal before it was fashionable: “Across the country, masses of worried consumers are taking lessons in getting by with less, turning to websites like suddenlyfrugal.com and thenewfrugalmom.com, and signing up for classes in car care and cooking. But in Maine, where Yankee thrift has been a way of life for generations, and the unofficial motto is the proverb ‘use it up, wear it out, make it do or do without,’ the notion of a ‘new’ frugality is met with blank stares. … Across much of this sprawling, rural state, the art of living cheap is hard-wired into the regional DNA, a skill proudly passed down through the generations. Here, where hardened farmers and fishermen have been long battered by economic squalls, and incomes have lagged well behind the rest of New England, bargain-hunting and bartering are practices widely embraced.”

Too many bailouts, not too few: “Capitalism is a profit and loss system. The profits encourage risk-taking. The losses encourage prudence. For decades, government policy and action have discouraged prudence by bailing out or taking over virtually every significant financial institution that has acted recklessly. Five years ago, well before the crisis, Gary Stern and Ron Feldman of the Minneapolis [F]ed, wrote ‘Too Big to Fail,’ arguing that the continual rescue of debt holders and creditors was creating systemic risk in the financial system. They pointed out the crucial role that debt holders and creditors play in monitoring and restraining risky investments on the part of financial institutions. By consistently bailing out creditors, the power of that restraint was being destroyed.”

Dealing with Britain's debt: “Currently, the public sector is swelling far beyond its means. The UK is forecast to suffer a budget deficit of £170 billion later this year. This equates to every man, woman and child being in nearly £3,000 of debt. Every year, our government pays £200 billion to public sector employees and this is not sustainable. The problem with this is that the increasing deficit needs to be funded somehow. There are several ways that this can be done. One way would be to increase taxes; however an increase in tax rates reduces incentives and is therefore likely to have the adverse effect of reducing tax revenues. Alternatively, ‘quantative easing’ (glorified printing money) could be used to pay off debt. But this is highly inflationary, as resources are no less scarce, so it would reduce the value of our currency, thus making the UK less attractive for investors. Surely the best way to deal with the deficit is to reduce government spending.”

The Zimbabwe-ification of South Africa? : “‘The road ends here,’ reads a makeshift sign in the middle of the highway connecting Bulawayo with South Africa. For many miles, the once busy commercial artery between Zimbabwe’s second largest town and its main market has simply ceased to exist. Motorists have to wind their way on an improvised gravel path through the open bush. All along the route, they can observe once productive farms lying abandoned and once productive farm workers scavenging for food. The dilapidated state of infrastructure and widespread poverty are the results of the destruction of property rights and the rule of law by the government of Zimbabwe. Yet South Africa’s new Minister of Land Reform and Rural Development, Gugile Nkwinti, clearly has not been to Zimbabwe in recent years. Speaking in parliament late last month, he announced that the ANC government would scrap its current ‘willing buyer willing seller’ land redistribution policy, which allows the government to acquire land only at a market price and only with the consent of the land owner, and replace it with ‘less costly, alternative methods of land acquisition.’”

My Twitter.com identity: jonjayray. My Facebook page is also accessible as jonjayray (http://www.facebook.com/jonjayray in full). For more blog postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS, IMMIGRATION WATCH INTERNATIONAL, EYE ON BRITAIN and Paralipomena

List of backup or "mirror" sites here or here -- for readers in China or for everyone when blogspot is "down" or failing to update. Email me here (Hotmail address). My Home Pages are here or here or here

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The Big Lie of the late 20th century was that Nazism was Rightist. It was in fact typical of the Leftism of its day. It was only to the Right of Stalin's Communism. The very word "Nazi" is a German abbreviation for "National Socialist" (Nationalsozialist) and the full name of Hitler's political party (translated) was "The National Socialist German Workers' Party" (In German: Nationalsozialistische Deutsche Arbeiterpartei)

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TARANTO

Well! What Sonia Sotomayor said in answers to Senator Kyl during her confirmation hearing could not be better from a conservative and constitutional point of view. She rejected "empathy" as a factor in verdicts and said that judges just apply the written law before them rather than making it all up as they go along. Refreshing! Taranto has the relevant excerpts. So she can talk the talk but will she walk the walk?

I note that elsewhere in his postings, Taranto pisses all over the idea that Obama is not qualified to be President by virtue of his having been born in Kenya -- with his birth only registered in Hawaii, as Hawaiian law allowed. Taranto is not alone in his views. Many other conservatives say likewise. I think that the reason for avoiding the question is that discovery of Obama's ineligibility would be enormously disruptive. It would invalidate his election and everything he has done since. The outcome could well be not dissimilar to what has just happened in Honduras and America needs peace at home more than it needs Joe Biden as President.

If we were judging Obama's behaviour in the way court cases are judged, however, his constant battles to prevent production of his full birth certificate would be circumstantial evidence that he is guilty as charged. Reliapundit has some pertinent comments on the matter too.

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Small-business lender CIT denied bailout

Obama is in bed with BIG business -- but most jobs are created by small business

A top source of loans for small businesses faces the likelihood of bankruptcy after the Treasury and Federal Reserve on Wednesday rejected calls for a bailout. CIT Group, which provides nearly 1 million small businesses the credit they need to get by from day to day, announced that several days of discussions with regulators failed to produce agreement on further assistance after a $2.3 billion cash infusion for the company last winter.

Trading in CIT shares was halted on the New York Stock Exchange in advance of the announcement, which increases the likelihood that the lender will fall into bankruptcy after suffering for months from the bankruptcy of Eddie Bauer and other clients.

The company has been unable to raise money in financial markets all year and had pleaded with the Federal Deposit Insurance Corp. to approve its application for a guarantee on its debt offerings like the government provided to most banks during the credit crisis. But the FDIC, worried about the company's junk credit ratings and exposing taxpayers to the risk of an impending bankruptcy, refused to budge.

The FDIC, seeking to draw a line in the sand to discourage further bailouts, maintained that while CIT is crucial for some small businesses with shaky credit ratings, it does not play a massive or indispensable role in the financial system and should be allowed to fail. Banks and other lenders could step in to fill the void.

But the company's important role helping keep small companies afloat got a more sympathetic hearing from members of Congress and some officials at the Treasury and Fed. The two agencies have set up several programs to spur lending to small businesses but they have not had much success.

House Financial Services Committee Chairman Barney Frank, Massachusetts Democrat, helped spur rumors early Wednesday that a rescue of CIT was imminent, telling reporters that he spoke with Treasury Secretary Timothy F. Geithner "and I understand they're working hard to try to come up with something responsible to try to prevent the failure" of the company. "I think there would be a great deal of harm to the overall economy" if CIT is allowed to fail, he said.

Rumors multiplied that the Treasury and the Fed would try to cobble together a package of short-term loans to help keep CIT afloat while it restructured to avoid bankruptcy. The Fed last winter approved CIT's bid to become a bank holding company so it could have access to Fed lending facilities, and CIT sought to build on that relationship.

Many observers thought that the White House would be sensitive to the political criticism that would result if it abandoned a small-business lender after rescuing big companies like Citigroup, General Motors Corp. and Chrysler LLC from bankruptcy. But the Treasury and Fed in the end sided with the FDIC in determining that the outlook for CIT was too shaky to merit another rescue.

SOURCE

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CHANGE Only an Imbecile Could Love

By Dick McDonald

Barack Obama , may his tribe decrease, awoke one night from his Kenyan peace and lo and behold he saw this land of milk and honey populated with inexperienced and uninformed citizens. So he mounted his Comrades and rode to their rescue to bring change, change and more change. So after 5 months in office and 3 years of promises this is the change he has brought to Washington.

1. He promised to save 3 or 4 million jobs – we have lost 3.5 million jobs since January.
2. He promised to hold unemployment to 8% - it is at 9.5% and skyrocketing
3. The Government’s tax receipts from corporations are down 55%
4. The Government’s tax receipts from individuals are down 27%
5. Obama passed a stimulus bill that has no chance of stimulating the economy.
6. Announced plan to tax job creators and kill old people to pay for a universal health plan no one wants
7. The deficit hit a record $1 trillion on July 14, 2009 on its way to a record $2 trillion by year end
8. The number of under-employed is at 20% and rising
9. Business is reeling from being told they will bear more of the tax burden and have reduced staff
10. Cap and Trade will add billions to the cost of all products sold in America – it will hurt the poor
11. New emission standards will add billions to transportation cost for everything
12. He has incurred more debt in 5 months than all the presidents before him (combined)
13. He has favored wealth re-distribution over job creation and economic growth
14. He bowed to a Saudi King and runs down America wherever he goes
15. He has taken sides favoring Islamic Palestinians over the Israelis
16. He funds a Gestapo-like mob of ACORN brown shirts intimidating everyone
17. He voted against strict constructionists for SCOTUS
18. He is anti-gun and for post-birth abortions
19. He attended a black separatist church for twenty years and never heard the sermon
20. He has taken over General Motors and bankrupted little old ladies that invested in their bonds
21. He gave an equity interest in General Motors to an unsecured UAW debtor as a political payoff
22. He doesn’t hold his hand over his heart for the pledge of allegiance
23. He probably is a Kenyan-born citizen of Indonesia
24. His only solutions are to tax the rich directly or the poor indirectly
25. Gives Miranda Rights to the enemy on the battlefield
26. Wants to stop the CIA from killing enemy leaders during a war
27. Hires 30 Czars to run the country without vetting by Congress
28. He is an anti-capitalist that favors a socialist big government
29. He is against increasing domestic oil drilling in ANWR and offshore
30. He is against building nuclear plants
31. Believes in the fantasy of global warming
32. His stimulus funds have all gone to save constituent’s jobs not create new ones
33. Everything is on the table to solve an insolvent Social Security except the privatization that solves it
34. His ethanol addiction has caused corn shortages that precipitated starvation in the Third World
35. Uses Democrat-controlled media and academe to silence critics

Received direct from the author. For the products of a modern education, the opening comments are a mocking allusion to Abou ben Adhem

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ELSEWHERE

2010: “Next year’s elections are going to produce a political earthquake. That is because we currently suffer the most left-wing government in our nation’s history. After just 6 months in office, the flower children that rule Washington in overwhelming numbers are already smashing through all records regarding federal taxes, spending, deficits, and debt. Obama and his ultra-left Democrats adopted a so-called stimulus bill raising spending a trillion dollars that never had a prayer of actually creating jobs and promoting long-term economic growth, because it was based entirely on old-fashioned, brain dead, proven to fail, Keynesian economics. Though we would have to double federal taxes to finance the entitlement promises we have already made, the ruling Washington Democrats completely ignore that and focus instead on adopting yet another entitlement — national health insurance — that would be the biggest of all.”

US foreclosures hit record 1.5 million in first half of 2009: “U.S. foreclosure filings hit a record in the first half, a sign that job losses and falling property prices deepened the housing recession, according to RealtyTrac Inc. More than 1.5 million properties received a default or auction notice or were seized by banks in the six months through June, the Irvine, California-based seller of default data said today in a statement. That’s a 15 percent increase from the year earlier. One in 84 U.S. households received a filing.”

Real ID Act faces repeal after outcry from Napolitano, states: “Homeland Security Secretary Janet Napolitano is asking Congress to repeal a post-Sept. 11, 2001, law that was meant to enhance the security of driver’s licenses but has elicited the wrath of governors nationwide who say it is too costly. The Real ID Act, which was passed in 2005 but doesn’t begin to go into effect until the end of the year, was the brainchild of Rep. Jim Sensenbrenner, a Republican from Menomonee Falls who then served as chairman of the House Judiciary Committee. Appearing Wednesday before the Senate Committee on Homeland Security and Governmental Affairs, Napolitano warned that millions of travelers could face increased security screening at airports next year unless Congress acts soon because few states are on track to comply with the law. She wants lawmakers to pass a new measure known as Pass ID that would increase driver’s license security but give states more leeway on how to implement the changes.”

Honduras: Government reinstates curfew, citing threats : “Honduras’ interim government has reinstated a curfew, citing threats by groups looking to provoke disturbances. The announcement of the midnight to 5:00 a.m. curfew comes on the same day that interim President Roberto Micheletti accused unspecified groups of planning an armed rebellion and handing out guns.”

Iran: Mousavi plans new political front: “Iranian opposition leader Mir Hossein Mousavi plans to unveil a new political grouping which will keep up a protest campaign against last month’s disputed presidential election, an aide said on Wednesday. ‘The establishment of this front is on Mir Hossein Mousavi’s agenda and we will soon announce its establishment,’ Alireza Beheshti was quoted as saying in the reformist newspaper Sarmayeh. Mousavi, a former prime minister who lost the June 12 presidential election to hardline incumbent Mahmoud Ahmadinejad, has defied the regime by continuing to protest against what he charges was a rigged poll.”

Iraqis to US military: Stay on your base: “Two weeks after U.S. combat troops withdrew from Iraq’s major cities, amid sporadic outbreaks of violence countrywide, Iraqi authorities aren’t asking American forces for help. Although U.S. troops are ‘just a radio call away,’ in Baghdad and five other major urban areas, it appears the Iraqis haven’t asked even once. In Baghdad, the Iraqis also won’t allow U.S. forces on the street, except for supply convoys. The failure to trigger the ‘Onstar option’ suggests that the government of Iraq and its military think they can deal with the car bombings, homemade bombs and attacks with silencer-equipped handguns that have plagued parts of the country in recent days.”

Some Twitter staff accounts reportedly hacked : “A hacker believed to have struck celebrity Twitter accounts previously has reportedly broken into accounts of the microblogging service’s workers including co-founder Evan Williams. Data swiped from Twitter employees was shown on a French website on Tuesday and TechCrunch technology news website quoted Williams confirming the hacks in an email. Information lifted from hacked accounts was said to include resumes, salary figures, credit card numbers, message exchanges with celebrities, and a roster of employees as well as their food preferences. Also uncovered were floor plans for the firm’s new offices in San Francisco as well as mention of a possible reality television show based on Twitter. The hacker, identified by the name ‘Hacker Croll,’ claimed to be able to get into Amazon, PayPal, and other accounts belonging to Williams and other Twitter employees.”

Has Ahmadinejad lost his global following? : “For 30 years, Iran has cast itself as a leader of resistance to Israeli and Western policies, and few of its leaders have done as much for that image as President Mahmoud Ahmadinejad. Under Mr. Ahmadinejad, Iran’s ‘resistance’ brand has gone global, challenging Western hegemony in the name of defending the globally downtrodden and winning allies from Lebanon to Venezuela while drawing harsh criticism from the United States. But analysts say Iran’s resistance image has been challenged by Ahmadinejad’s controversial June 12 reelection, after which hundreds of thousands of Iranians took to the street to protest what they say is a fradulent vote.”

Granny get your gun: "Crime is generally a young person’s game, but that hasn’t stopped an ever-growing number of older Americans from breaking the law. Following a decline through most of the ’90s, over the past 10 years arrest rates for those over 50 have shot up 85 percent, according to the Bureau of Justice Statistics. Experts predict that these numbers will continue to climb well into the next decade, as 35 million baby boomers expand America’s graying population from 16 to nearly 25 percent. Is America on the precipice of a geriatric crime wave?”

Can the economy recover?: “There is no economy left to recover. The US manufacturing economy was lost to offshoring and free trade ideology. It was replaced by a mythical ‘New Economy.’ The ‘New Economy’ was based on services. Its artificial life was fed by the Federal Reserve’s artificially low interest rates, which produced a real estate bubble, and by ‘free market’ financial deregulation, which unleashed financial gangsters to new heights of debt leverage and fraudulent financial products. The real economy was traded away for a make-believe economy. When the make-believe economy collapsed, Americans’ wealth in their real estate, pensions, and savings collapsed dramatically while their jobs disappeared.” [An excessively negative view but there is something in what he says]

My Twitter.com identity: jonjayray. My Facebook page is also accessible as jonjayray (http://www.facebook.com/jonjayray in full). For more blog postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS, IMMIGRATION WATCH INTERNATIONAL, EYE ON BRITAIN and Paralipomena

List of backup or "mirror" sites here or here -- for readers in China or for everyone when blogspot is "down" or failing to update. Email me here (Hotmail address). My Home Pages are here or here or here

****************************

The Big Lie of the late 20th century was that Nazism was Rightist. It was in fact typical of the Leftism of its day. It was only to the Right of Stalin's Communism. The very word "Nazi" is a German abbreviation for "National Socialist" (Nationalsozialist) and the full name of Hitler's political party (translated) was "The National Socialist German Workers' Party" (In German: Nationalsozialistische Deutsche Arbeiterpartei)

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