Obamanomics Takes a Holiday
A two-year tax reprieve is better than current law but far from ideal
Does President Obama like or loathe the two-year tax deal he has struck with Republicans? It was hard to tell from his grudging, testy remarks Monday and yesterday, but perhaps that's because he realizes he is repudiating the heart and soul of Obamanomics as the price of giving himself a chance at a second term.
In accepting the deal to cut payroll and business taxes and extend all of the Bush-era tax rates through 2012, Mr. Obama has implicitly admitted that his economic strategy has flopped. He is acknowledging that tax rates matter to growth, that treating business like robber barons has hurt investment and hiring, and that tax cuts are superior to spending as stimulus. It took 9.8% unemployment and a loss of 63 House seats for this education to sink in, but the country will benefit.
In this sense, the political symbolism is as important as the policy. Mr. Obama is signaling that businesses must be encouraged to make profits again so they can hire more workers, that "the rich" he so maligns should be able to keep more of what they earn, and even that wealth built up over a lifetime shouldn't be confiscated wholesale at death. In policy if not in Presidential rhetoric, class war and income redistribution are taking a two-year holiday.
This is not to say the deal is optimal for economic growth, and Republicans should not pretend it is. A two-year reprieve is far better than an immediate tax increase amid a still fragile recovery, but it also means that the policy uncertainty is carried forward. In the Keynesian universe, "temporary" tax cuts are virtuous because they stimulate immediately while ostensibly allowing government to reclaim the revenue later when the economy is stronger.
In the real world, businesses make investments based on the estimated return on capital over time, including the expected tax rate. What matters is the overall cost of, and return on, capital. The temporary nature of the tax cuts will provide less incentive to invest than would permanent reductions in the cost of capital
The provision to allow business a 100% expensing deduction for 2011, and 50% in 2012, will help growth in those years. But it will do so in part by pulling investment forward from 2013. This is good for President Obama's re-election chances, but not so good for increasing the permanent level of business investment.
The same goes for the temporary cut in the payroll tax in the name of encouraging more hiring. The one-year cut to 4.2% from 6.2% in the employee portion of the Social Security tax increases the incentive to work. Because it doesn't favor some workers over others, it is also superior to the tax credits that Democrats wanted. But the proposal does nothing to reduce employer costs, even as ObamaCare is raising those costs as its mandates and regulations take effect.
This incentive to work also conflicts with the disincentive to work provided by another extension in jobless benefits. The deal's 13-month extension will cost taxpayers about $56 billion. As economist Larry Summers noted before he joined the White House, every jobless person has a "reservation wage," or the minimum wage he'll accept to take a job. The jobless rate will thus stay higher for longer as benefits induce some people to hold out for a better job than those that are available.
Another half-victory is the provision to set the estate tax at 35%, with an exclusion of $5 million. The rate was set to return to 55% with a $1 million exclusion on January 1, and Mr. Obama had wanted 45%. While the 35% rate also lasts only two years, the level of bipartisan support will make this rate politically difficult to increase even if Mr. Obama wins re-election...
As for Democrats, many and perhaps most in Congress will oppose this deal as an ideological betrayal by Mr. Obama, but it is really an admission of reality. Democrats lost the election because their economic policies failed. Their caterwauling now is mostly short-attention-span theater for the MSNBC crowd.
More HERE
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Fascist Thinking at the FCC
A member of the Federal Communications Commission appears to want Washington in control of broadcast news. What a shame that people with such ideas are placed in positions of power.
The FCC's Michael Copps suggested last week that a "public value test" should determine who holds broadcast licenses for television and radio. Speaking at Columbia University's Graduate School of Journalism, he said he was looking for "a renewed commitment to serious news and journalism."
So are we. We're weary of the hard-left bias ever so present in the media. We're fed up with celebrity treatment of all those on the left and contempt for all those on the right who aren't Republicans in name only. We've had enough of a press corps that makes no effort to understand economics and keeps promoting tired, freedom-choking, statist ideology.
We've been frustrated, as well, by networks that keep framing the issue — by 6-to-1, according to the Media Research Council — as a debate about "tax cuts for the rich" rather than a simple continuation of current rates.
And we're still dismayed by the media's refusal to look into Barack Obama's thin background during the 2008 presidential campaign, while digging up everything they could on Sarah Palin to portray her as an inexperienced ditz.
But there's another difference between us and Copps: We're not willing to use the police power of the state to force the outcome we prefer.
According to the Hill newspaper, Copps would issue licenses only when broadcasters: "Prove they have made a meaningful commitment to public affairs and news programming, prove they are committed to diversity programming, report more to the government about which shows they plan to air, require greater disclosure about who funds political ads and devote 25% of their prime-time coverage to local news."
Who is Copps to make such demands? And why does a man who thinks like a tyrant hold such a high-ranking position in the U.S. government?
His appetite for power isn't new. It's been simmering for some time. He has a history of campaigning against media ownership laws that advance freedom, preferring instead regulations that limit how many media outlets one owner can have in a market.
"Why does any corporate interest need to own three stations in any city, other than to enjoy the 40%-50% profit margins most consolidated stations are racking up?" he wrote in 2003 in response to a proposal to relax media ownership rules.
In a free society, it's not for Copps or anyone else to ask why any corporate interest needs to own three stations in one city. Liberty doesn't always produce the conditions we like. But it never produces results that are damaging.
If one company owned every news outlet in the country, we'd have reservations. But that situation, as uncomfortable as it might be, would not violate the life, liberty or property of a single person.
But Copps' ideas would. A company's freedom to operate without government interference is infringed upon if that company must meet any of his standards if it's to have its broadcast license renewed.
It's reasonable to ask, as Republican Rep. Joe Barton of Texas did in a letter to Copps this week, if the commissioner means to give the federal government the power to determine what content is available for Americans to consume. Frankly, it's hard to interpret his remarks any other way; they are so consistent with his history of wanting to impose his ideas on others.
Three years ago, the FCC voted to eliminate some of its statist ownership rules. Copps and another Democrat were against the change, but the proposal passed on the three GOP votes. This was not a radical change but a marginal deregulatory shift toward greater freedom in the market. And some rules remain.
They're not enough, though, for Copps and like-minded leftists. They continue to rail at large media companies and media consolidation as if they were hatched in Hades, and grumble about a lack of diversity among owners.
Absent in their rants is any concern about the dominance of left-leaning journalism that has corrupted American thinking for decades. But then, that's expected because this deeply biased state of affairs is what they're trying to protect.
More HERE
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Don't Ask, Don't Tell, Don't Call Our Troops Homophobes
Ann Coulter
The Pentagon's poll on "don't ask, don't tell" is beyond idiotic. Instead of asking whether the troops support repeal of DADT, the Pentagon asked only if they can learn to play nice with the gays.
Even more absurdly, the Pentagon polled all military "personnel" -- and their spouses! Only a small portion of what is known as "the military" actually does the fighting. The rest is a vast bureaucracy along the lines of the DMV.
Today's military features "victim advocates" and sensitivity training facilitators, the Defense Advisory Committee on Women in the Services personnel and a million other goo-goo positions. How did we ever take the shores of Normandy without a phalanx of "sensitivity training" counselors?
No one has any need to be reassured that the military's "social action" staff will enjoy working with gays. Whatever a career in "social action" entails, it better be gay-friendly. Frankly, it's appalling the Pentagon's poll of all military personnel and their families didn't produce better numbers for the gays.
We're interested in what the men who fight think. As the Pentagon study itself reports: "A higher percentage of service members in war-fighting units predicted negative effects." So gays openly serving in the military will harm the "war-fighting" part of the military, but the "social action" part will thrive!
Naturally, Marines are the most resistant to overturning "don't ask, don't tell," with 58 percent of those in combat opposed.
Who cares if the Pentagon's sexual harassment task force supports gays in the military? The combat units don't, and they're the ones who do the job. The rest of us shouldn't get to vote on gays in the military any more than we get to vote on the choreography of "Chicago."
Military combat is a very specialized field comparable to nothing in civilian life. There has to be a special bond among warriors -- and only one kind of bond. The soldierly bond gets confused if some guys think their comrades are hot or if they suspect their superior is having a relationship with a fellow soldier.
It's the same confusion that results from putting girls in the military. When an officer makes a decision, nothing should enter into it except his views on the best military strategy.
The military part of the military has valid reasons for wanting to separate the idea of martial ardor and sexual attraction. Combat units can't have anything that interferes with unit cohesion, such as, for example, platoon members who are dating one another. Racial prejudice is not the same thing as sexual attraction, so please stop telling us this is just like integrating blacks in the military.
A Military Times survey in 2005 found that nearly half of all women in the military claim to have been the victim of sexual harassment -- ludicrously more than women in civilian life. By contrast, two-thirds of minorities said they were treated better in the military than in society at large.
The Pentagon's report found that service members "repeatedly" said that allowing gays to serve openly would "lead to widespread and overt displays of effeminacy," as well as "harassment" and unwelcome advances. (To which I would add, "and the occasional leak of massive amounts of classified documents.")
Gays in the military understand this better than heterosexuals in civilian life. According to the Pentagon's survey, only 15 percent of gays currently serving said they would want their units to know they're gay. (Also, 2 percent of gays currently serving giggled when asked about their "unit," which is down from 5 percent from last year.)
There are far more discharges for pregnancy and "parenthood" than for homosexuality. In the past five years, less than 1 percent of all unplanned military discharges (i.e. not due to retirement or completion of service) were for homosexuality.
Here's a record of the discharges for 2008, according to the Defense Department:
-- Drugs: 5,627
-- Serious offenses: 3,817
-- Weight standards: 4,555
-- Pregnancy: 2,353
-- Parenthood: 2,574
-- Homosexuality: 634
The main lesson from these figures isn't that we should have gays openly serving in the military, but that we need to get girls out of the military, inasmuch as they are constantly being discharged for pregnancy, parenthood and weight issues.
According to a 1998 Department of Defense report, most discharges based on homosexuality involved "junior personnel with very little time in the military" and "the great majority of discharges for homosexual conduct are uncontested and processed administratively." More than 98 percent of discharges for homosexuality were honorable.
So gays and girls can join the military, get taxpayers to foot the bill for their education and then, when it comes time to serve, announce that they're gay or pregnant and receive an honorable discharge. Indeed, there's no proof that all the discharges for homosexuality involve actual homosexuals.
Why can't the Army and Marines have their own rules? Why does everything have to be the same? Whatever happened to "diversity"?
Most people have no clue what military life is like, least of all the opinion makers in New York, Los Angeles and the nation's capital. The military is not representative of the country at large. It is disproportionately rural, small-town, Southern and Hispanic.
We ask our troops to do a lot for very little money. Sometimes they die for us. The least Democrats could do is not pass grandstanding bills while self-righteously denouncing our servicemen as homophobes.
SOURCE
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ELSEWHERE
Report: 42.9 million in US receiving food stamps: "The number of Americans receiving food stamps rose to a record 42.9 million in September as the jobless rate stayed near a 27-year high, the government said. Recipients of Supplemental Nutrition Assistance Program subsidies for food purchases jumped 16 percent from a year earlier and increased 1.2 percent from August, the US Department of Agriculture said yesterday in a statement on its website. Participation has set records for 22 straight months.”
Washington DC region's jobless rate falls to 5.8 percent: "The unemployment rate in the Washington region dropped to 5.8 percent in October from 6.3 percent a year ago, according to federal government data released Tuesday. Analysts credited the decrease to a rebound in the retail and restaurant segments sparked by a growing willingness among consumers to spend money. The region also led the nation in the number of jobs added in a 12-month period, according to the Bureau of Labor Statistics. It was the second straight month in which the unemployment level dropped significantly in the Washington area. In September, the region's not seasonally adjusted jobless rate fell to 5.9 percent, from 6.2 percent the year before"
My Twitter.com identity: jonjayray. My Facebook page is also accessible as jonjayray (In full: http://www.facebook.com/jonjayray). For more blog postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, 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 (Academic) or here (Pictorial) or here (Personal)
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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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Friday, December 10, 2010
Wednesday, December 08, 2010
More dangerous stupidity from the military top brass
Why can't they talk to the troops before making their idiotic decisions?
By signing a memo Oct. 29, 2007, James R. Clapper Jr. exposed U.S. military personnel to greater-than-necessary danger as they served their country in Afghanistan, Iraq and other hot spots around the world.
Then an Under Secretary of Defense and now our nation's Director of National Intelligence, Clapper designated the polygraph and its hand-held cousin, the Preliminary Credibility Assessment Screening System, as the "only approved credibility assessment technologies" in DoD. At the same time, he sent a dangerous message to U.S. troops: "Stop using the Computer Voice Stress Analyzer."
Fortunately, some of our nation's bravest warriors sided with common sense and opted to ignore The Clapper Memo. One of those who did was, until recently, a member of the Army Special Forces whom I will call "Joe" (not his real name).
Trained in counterintelligence and as an interrogator, this former SF operator used CVSA to conduct nearly 500 interrogations of enemy combatants and third-country nationals - more than anyone in the U.S. military - while serving in Qatar, Kuwait and Iraq and regularly working 18-hour days from 2004 to 2009.
Joe agreed to speak with me on condition of anonymity about his firsthand experience with CVSA and why Department of Defense leaders are wrong to keep the technology now used by more than 1,800 U.S. law enforcement agencies out of the hands of people in uniform.
"I was still downrange when that memo came out," said Joe, who spoke with me on condition of anonymity. After learning of the memo, Joe said he went to his commander and asked one question: "You want me to stop?" His commander replied, "Hell no, don't stop! You're just not using it anymore, right?"
Despite Pentagon orders to the contrary, Joe's SF commanders wanted him to continue using CVSA for one primary reason: They knew it was far superior to PCASS when it came to dealing with various types of detainees, captured enemy combatants, third-country nationals and others who could pose threats to U.S. and allied troops in countries like Afghanistan, Iraq, Kuwait and Qatar.
"The craziest thing about this whole deal was that it became such a controversy that, for us to continue to go up there and continue to fight - to say, `Hey, we need to use this,'" - "we were ordered to stand down and not even mention the words anymore," Joe said.
Why the stand-down order? Because, according to Joe, someone in Army leadership was more willing to rely upon laboratory studies commissioned by officials and agencies with vested interests in the continued use of the polygraph instead of trusting operational research like that Joe conducted almost daily.
Much more HERE
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The Perils Of Bailouts
The EU bailout of Ireland and its previous bailout for Greece, when examined closely, bore a distressing resemblance to the 2008 U.S. bailouts of Bear Stearns, AIG and Citigroup. The authorities poured more resources into assets that had been shown to be defective, without sufficiently enforcing the painful purging and liquidation that was necessary. By doing so, they reduced wealth, prolonged recession, and made the eventual collapse of the global financial system more likely.
The parallels between the EU financial crisis and the U.S. housing finance crisis are closer than they seem at first glance. In the Austrian economic terminology, both involved "mal-investment" –caused by excessively low interest rates or often artificial government subsidies–in assets and activities that later turned out to be worthless, or nearly so. Indeed, the parallel is increased by the prevalence of fraud and corruption in both cases. In the U.S. crisis, part of the mal-investment was in housing itself, through the encouragement of endless McMansion developments–houses that were not worth their cost the day they were built, and because of their poor construction quality will deteriorate exceptionally rapidly. The other part, in home mortgages, a substantial portion of which were obtained by fraud, has been extensively anatomized elsewhere, but it is by no means clear that the eventual losses on home mortgages will be any larger than those on the houses themselves.
In Europe, the areas of mal-investment varied from country to country. In Ireland, Spain and Britain, the problem was partly one of housing finance as in the United States. In Britain planning restrictions limited the creation of housing mal-investment directly, causing a housing price run-up even more extreme than in the U.S. In Ireland and Spain both housing and housing finance caused problems, with low interest rates on euro borrowing playing a similar role in those countries to the over-expansive monetary policies of Fed chairmen Alan Greenspan and Ben Bernanke. (The euro's critics here overstate their case in my view; while the euro was over-stimulative for much of the eurozone, foolish U.S. policy created interest rates that were too low for the entire United States, not just part of it.)
The Irish government, by taking the entire liabilities of the Irish banks on its books, created a funding problem for itself that it could have largely avoided. However in Spain and Greece the mal-investments were greater and more complex. In Spain the socialist Zapatero government subsidized "green" energy investments through energy tariffs to the point where the subsidies represented 24% of the nation's energy bills. Since the "green" energy production facilities now appear unlikely to be cost-competitive even by 2014-16, the investments brought to life by those subsidies represent mal-investment in its purest form.
In Greece, the gigantic subsidies poured into the place by its unfortunate EU partners since its accession to the community in 1981 have resulted in the grotesque overpricing of the undereducated, corrupt and idle Greek workforce. Essentially, pretty well all investment in Greece in the past decade or so has been mal-investment.
Much more HERE
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Iceland in better shape than Ireland
ICELAND has managed its economic crisis better than Ireland by not rescuing its bloated bank sector with ruinous loans, economists say. The economies of the two island nations were both booming up until the middle of the last decade but completely imploded two years apart.
Iceland was first, its economy dragged down by the collapse of its three major banks in October 2008. In a similar fall from grace, Ireland imploded a few weeks ago when its state guarantee for the banks scuttled the public finances and forced Dublin to ask for a bailout from the European Union and International Monetary Fund.
Because Icelandic banks were disproportionately large compared to the country's economy -- their assets were once worth 11 times Iceland's total gross domestic product (GDP)-- the tiny country did not have the option of bailing out the banks and had to let them fail. "That alone has made for a very different result within the two countries," said Tryggvi Herbertsson, an economics professor at the University of Reykjavik and an aide to former prime minister Geir Haarde.
"Ireland is now over-leveraged (with debt) and their banking system continually weak. The difference in Iceland is that our banking system is clean and once the debt has been written off, we have a healthy banking system but in Ireland the system is broken," he said.
Last night, Iceland -- a volcanic island of 320,000 inhabitants -- emerged from a deep and lengthy recession, with official statistics showing 1.2 per cent economic growth in the third quarter.
According to the latest European Commission estimates, Iceland's public deficit will be at 6.3 per cent of GDP this year. That compares to a whooping 32 per cent for Ireland, 20 per cent of which can be attributed to its support for the stricken banking sector. Irish national debt will in turn soar to 100 per cent of GDP, well above Iceland's.
More HERE.
Further on in the article, Krugman eats crow
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Defying the will of the people, Obama governs by regulation
Sitting presidents whose agendas are soundly rejected by voters in midterm congressional elections have two options: They can either accommodate the new political reality, as President Clinton did after 1994; or they can use bureaucratic edicts to advance their unpopular programs, as President Obama is clearly doing now.
Given the historic drubbing his party just suffered at the polls, Obama's defiant strategy may prevent a second term for the man who began his first buoyed by an outpouring of good will.
Predictably, Obama's regulatory imperialism focuses on labor and environmental issues, as Big Green activists and labor unions, especially those representing government workers, are the core of support for the Democratic president and his congressional allies.
At the U.S. Environmental Protection Agency, for example, Administrator Lisa Jackson is moving forward with a massive new program to subject the entire U.S. economy to an anti-global warming regulatory straitjacket aimed at reducing carbon emissions. Obama warned Congress last year that EPA would do this if the legislature failed to enact an Obama-supported version of cap and trade. Cap and trade passed the House in 2009 but never got out of the Senate because of intense public opposition, especially in energy-rich states like West Virginia. Now Jackson is following through on Obama's threat.
At the Department of Labor, Secretary Hilda Solis wasted no time after taking office last year in gutting long-standing rules requiring unions to disclose important details about how they spend members' dues. Now, Patricia Smith, Obama's Labor Department solicitor general, is working with Solis to implement an unprecedented new enforcement directive designed to put businesses at the mercy of union bosses. The directive provides, according to the Wall Street Journal's John Fund, for aggressive use of the Occupational Safety and Health Administration to compel business cooperation through "shaming" and to "engage in enterprise-wide enforcement."
The rest of the bureaucratic blitzkrieg will be carried out by Smith's eager staff of 400 labor lawyers. Nathan Mehrens, Americans for Limited Government general counsel, says their agenda includes:
» A focus on "cases against employers in priority industries."
» Plans to "litigate cases that cut across regions."
» Working to "identify and pursue test cases" to "challenge legal principles that impede worker protections; successful challenges will advance workers' rights, as will successful enunciation of new interpretations."
» Engaging "in greater use of injunctive relief."
Meanwhile, as Virginia Gov. Bob McDonnell wrote in last Friday's Examiner, Senate Majority Leader Harry Reid is pushing the lame-duck Congress to pass his Public Safety Employer-Employee Cooperation Act, a laughably misnamed measure that will force public employee unions on all local and state police, fire and emergency medical technicians. Obama supports Reid's bill, but its passage is far from assured. Nobody will be surprised if, shortly after the Reid proposal fails on Capitol Hill, Obama unveils a new regulatory gambit to achieve the same end.
SOURCE
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Nearly half of Democrats support Fascist economics
Democratic politicians have repeatedly stressed to the public that they are not socialists and do not believe in socialism. They may want to have a few words with some of their voters, according to a poll released over the weekend by Rasmussen Reports.
In that survey of 1,000 adults, nearly half of all Democrats, 42 percent, indicated that they believe the government should "manage the economy completely."
That viewpoint is not exactly socialism—there's a different between managing and owning after all—but it's a far cry from the free market ideology that non-Democrats favored in the poll. Just under 25 percent of independents favored government completely managing the economy.
(The Rasmussen release about the poll does not mention Republican views about this but one has to assume they're very low considering that 38 of Republicans believe government should "stay out of economic decisions.")
In total, according to the poll, just 27 percent of Americans believe government should manage the conomy. Democrats would do well to note that this small number is not possible to spin into the kind of long-term majority liberal demographers insisted was coming with the election of President Obama.
That Obama's base has such extremely high (and unreal) confidence in the ability of government to command and control the economy may also explain why some Democrats are being to sour on him.
SOURCE
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Obama's latest attack on jobs
Who Pays for Jobless Benefits?
There is no such thing as a "free" government benefit. Ask small-business owners who are footing skyrocketing bills for bottomless jobless benefits. While politicians in Washington negotiate a deal to provide welcome temporary payroll, income and estate tax relief to America's workers, struggling employers wonder how long they'll have to pay for the compassion of others -- and whether they can survive.
The Beltway deal hinges on extending federal unemployment insurance for another 13 months. This would mark the sixth time that the deadline has been extended since June 2008.
State unemployment benefits last up to 26 weeks. Bipartisan-supported Washington mandates have raised that to 99 weeks. The current proposal would raise the total to 155 weeks. The cost of the joint federal-state program is borne by employers who pay state and federal taxes on a portion of wages paid to each employee in a calendar year. (At the federal level, employers must pay 6.2 percent of the first $7,000 of income to keep the system afloat.)
The combined burden of these hidden state and federal payroll taxes has exploded during the recession as President Obama's economic recovery interventions backfire and the jobless rate remains stuck near double-digits. State unemployment insurance funds have gone broke in nearly half the states. As of April 2010, unemployment tax analyst Douglas Holmes testified before the Senate, 35 states and jurisdictions had unemployment fund-related debts worth $39.5 billion. Anti-fraud efforts to prevent scams and overpayments are woefully underfunded.
In an interminable money shuffle, these bankrupt state unemployment insurance funds are now borrowing money from the feds, whose own regular unemployment benefits account and extended benefits account are both in the red. Washington is relying on transfers from the federal general revenue fund to cover loan obligations related to all these hemorrhaging accounts.
Who pays? Dentists, tavern owners, maid services, mom-and-pop shops -- small businesses that are the backbone of the American economy. In my home state of Colorado, small and mid-size firms have been saddled with eye-popping unemployment insurance bills that have doubled, tripled and more in the past year. The businesses that have the lowest claims histories are getting punished the most to make up the jobless benefits fund deficit.
More HERE
My Twitter.com identity: jonjayray. My Facebook page is also accessible as jonjayray (In full: http://www.facebook.com/jonjayray). For more blog postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, 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 (Academic) or here (Pictorial) or here (Personal)
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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 can't they talk to the troops before making their idiotic decisions?
By signing a memo Oct. 29, 2007, James R. Clapper Jr. exposed U.S. military personnel to greater-than-necessary danger as they served their country in Afghanistan, Iraq and other hot spots around the world.
Then an Under Secretary of Defense and now our nation's Director of National Intelligence, Clapper designated the polygraph and its hand-held cousin, the Preliminary Credibility Assessment Screening System, as the "only approved credibility assessment technologies" in DoD. At the same time, he sent a dangerous message to U.S. troops: "Stop using the Computer Voice Stress Analyzer."
Fortunately, some of our nation's bravest warriors sided with common sense and opted to ignore The Clapper Memo. One of those who did was, until recently, a member of the Army Special Forces whom I will call "Joe" (not his real name).
Trained in counterintelligence and as an interrogator, this former SF operator used CVSA to conduct nearly 500 interrogations of enemy combatants and third-country nationals - more than anyone in the U.S. military - while serving in Qatar, Kuwait and Iraq and regularly working 18-hour days from 2004 to 2009.
Joe agreed to speak with me on condition of anonymity about his firsthand experience with CVSA and why Department of Defense leaders are wrong to keep the technology now used by more than 1,800 U.S. law enforcement agencies out of the hands of people in uniform.
"I was still downrange when that memo came out," said Joe, who spoke with me on condition of anonymity. After learning of the memo, Joe said he went to his commander and asked one question: "You want me to stop?" His commander replied, "Hell no, don't stop! You're just not using it anymore, right?"
Despite Pentagon orders to the contrary, Joe's SF commanders wanted him to continue using CVSA for one primary reason: They knew it was far superior to PCASS when it came to dealing with various types of detainees, captured enemy combatants, third-country nationals and others who could pose threats to U.S. and allied troops in countries like Afghanistan, Iraq, Kuwait and Qatar.
"The craziest thing about this whole deal was that it became such a controversy that, for us to continue to go up there and continue to fight - to say, `Hey, we need to use this,'" - "we were ordered to stand down and not even mention the words anymore," Joe said.
Why the stand-down order? Because, according to Joe, someone in Army leadership was more willing to rely upon laboratory studies commissioned by officials and agencies with vested interests in the continued use of the polygraph instead of trusting operational research like that Joe conducted almost daily.
Much more HERE
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The Perils Of Bailouts
The EU bailout of Ireland and its previous bailout for Greece, when examined closely, bore a distressing resemblance to the 2008 U.S. bailouts of Bear Stearns, AIG and Citigroup. The authorities poured more resources into assets that had been shown to be defective, without sufficiently enforcing the painful purging and liquidation that was necessary. By doing so, they reduced wealth, prolonged recession, and made the eventual collapse of the global financial system more likely.
The parallels between the EU financial crisis and the U.S. housing finance crisis are closer than they seem at first glance. In the Austrian economic terminology, both involved "mal-investment" –caused by excessively low interest rates or often artificial government subsidies–in assets and activities that later turned out to be worthless, or nearly so. Indeed, the parallel is increased by the prevalence of fraud and corruption in both cases. In the U.S. crisis, part of the mal-investment was in housing itself, through the encouragement of endless McMansion developments–houses that were not worth their cost the day they were built, and because of their poor construction quality will deteriorate exceptionally rapidly. The other part, in home mortgages, a substantial portion of which were obtained by fraud, has been extensively anatomized elsewhere, but it is by no means clear that the eventual losses on home mortgages will be any larger than those on the houses themselves.
In Europe, the areas of mal-investment varied from country to country. In Ireland, Spain and Britain, the problem was partly one of housing finance as in the United States. In Britain planning restrictions limited the creation of housing mal-investment directly, causing a housing price run-up even more extreme than in the U.S. In Ireland and Spain both housing and housing finance caused problems, with low interest rates on euro borrowing playing a similar role in those countries to the over-expansive monetary policies of Fed chairmen Alan Greenspan and Ben Bernanke. (The euro's critics here overstate their case in my view; while the euro was over-stimulative for much of the eurozone, foolish U.S. policy created interest rates that were too low for the entire United States, not just part of it.)
The Irish government, by taking the entire liabilities of the Irish banks on its books, created a funding problem for itself that it could have largely avoided. However in Spain and Greece the mal-investments were greater and more complex. In Spain the socialist Zapatero government subsidized "green" energy investments through energy tariffs to the point where the subsidies represented 24% of the nation's energy bills. Since the "green" energy production facilities now appear unlikely to be cost-competitive even by 2014-16, the investments brought to life by those subsidies represent mal-investment in its purest form.
In Greece, the gigantic subsidies poured into the place by its unfortunate EU partners since its accession to the community in 1981 have resulted in the grotesque overpricing of the undereducated, corrupt and idle Greek workforce. Essentially, pretty well all investment in Greece in the past decade or so has been mal-investment.
Much more HERE
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Iceland in better shape than Ireland
ICELAND has managed its economic crisis better than Ireland by not rescuing its bloated bank sector with ruinous loans, economists say. The economies of the two island nations were both booming up until the middle of the last decade but completely imploded two years apart.
Iceland was first, its economy dragged down by the collapse of its three major banks in October 2008. In a similar fall from grace, Ireland imploded a few weeks ago when its state guarantee for the banks scuttled the public finances and forced Dublin to ask for a bailout from the European Union and International Monetary Fund.
Because Icelandic banks were disproportionately large compared to the country's economy -- their assets were once worth 11 times Iceland's total gross domestic product (GDP)-- the tiny country did not have the option of bailing out the banks and had to let them fail. "That alone has made for a very different result within the two countries," said Tryggvi Herbertsson, an economics professor at the University of Reykjavik and an aide to former prime minister Geir Haarde.
"Ireland is now over-leveraged (with debt) and their banking system continually weak. The difference in Iceland is that our banking system is clean and once the debt has been written off, we have a healthy banking system but in Ireland the system is broken," he said.
Last night, Iceland -- a volcanic island of 320,000 inhabitants -- emerged from a deep and lengthy recession, with official statistics showing 1.2 per cent economic growth in the third quarter.
According to the latest European Commission estimates, Iceland's public deficit will be at 6.3 per cent of GDP this year. That compares to a whooping 32 per cent for Ireland, 20 per cent of which can be attributed to its support for the stricken banking sector. Irish national debt will in turn soar to 100 per cent of GDP, well above Iceland's.
More HERE.
Further on in the article, Krugman eats crow
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Defying the will of the people, Obama governs by regulation
Sitting presidents whose agendas are soundly rejected by voters in midterm congressional elections have two options: They can either accommodate the new political reality, as President Clinton did after 1994; or they can use bureaucratic edicts to advance their unpopular programs, as President Obama is clearly doing now.
Given the historic drubbing his party just suffered at the polls, Obama's defiant strategy may prevent a second term for the man who began his first buoyed by an outpouring of good will.
Predictably, Obama's regulatory imperialism focuses on labor and environmental issues, as Big Green activists and labor unions, especially those representing government workers, are the core of support for the Democratic president and his congressional allies.
At the U.S. Environmental Protection Agency, for example, Administrator Lisa Jackson is moving forward with a massive new program to subject the entire U.S. economy to an anti-global warming regulatory straitjacket aimed at reducing carbon emissions. Obama warned Congress last year that EPA would do this if the legislature failed to enact an Obama-supported version of cap and trade. Cap and trade passed the House in 2009 but never got out of the Senate because of intense public opposition, especially in energy-rich states like West Virginia. Now Jackson is following through on Obama's threat.
At the Department of Labor, Secretary Hilda Solis wasted no time after taking office last year in gutting long-standing rules requiring unions to disclose important details about how they spend members' dues. Now, Patricia Smith, Obama's Labor Department solicitor general, is working with Solis to implement an unprecedented new enforcement directive designed to put businesses at the mercy of union bosses. The directive provides, according to the Wall Street Journal's John Fund, for aggressive use of the Occupational Safety and Health Administration to compel business cooperation through "shaming" and to "engage in enterprise-wide enforcement."
The rest of the bureaucratic blitzkrieg will be carried out by Smith's eager staff of 400 labor lawyers. Nathan Mehrens, Americans for Limited Government general counsel, says their agenda includes:
» A focus on "cases against employers in priority industries."
» Plans to "litigate cases that cut across regions."
» Working to "identify and pursue test cases" to "challenge legal principles that impede worker protections; successful challenges will advance workers' rights, as will successful enunciation of new interpretations."
» Engaging "in greater use of injunctive relief."
Meanwhile, as Virginia Gov. Bob McDonnell wrote in last Friday's Examiner, Senate Majority Leader Harry Reid is pushing the lame-duck Congress to pass his Public Safety Employer-Employee Cooperation Act, a laughably misnamed measure that will force public employee unions on all local and state police, fire and emergency medical technicians. Obama supports Reid's bill, but its passage is far from assured. Nobody will be surprised if, shortly after the Reid proposal fails on Capitol Hill, Obama unveils a new regulatory gambit to achieve the same end.
SOURCE
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Nearly half of Democrats support Fascist economics
Democratic politicians have repeatedly stressed to the public that they are not socialists and do not believe in socialism. They may want to have a few words with some of their voters, according to a poll released over the weekend by Rasmussen Reports.
In that survey of 1,000 adults, nearly half of all Democrats, 42 percent, indicated that they believe the government should "manage the economy completely."
That viewpoint is not exactly socialism—there's a different between managing and owning after all—but it's a far cry from the free market ideology that non-Democrats favored in the poll. Just under 25 percent of independents favored government completely managing the economy.
(The Rasmussen release about the poll does not mention Republican views about this but one has to assume they're very low considering that 38 of Republicans believe government should "stay out of economic decisions.")
In total, according to the poll, just 27 percent of Americans believe government should manage the conomy. Democrats would do well to note that this small number is not possible to spin into the kind of long-term majority liberal demographers insisted was coming with the election of President Obama.
That Obama's base has such extremely high (and unreal) confidence in the ability of government to command and control the economy may also explain why some Democrats are being to sour on him.
SOURCE
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Obama's latest attack on jobs
Who Pays for Jobless Benefits?
There is no such thing as a "free" government benefit. Ask small-business owners who are footing skyrocketing bills for bottomless jobless benefits. While politicians in Washington negotiate a deal to provide welcome temporary payroll, income and estate tax relief to America's workers, struggling employers wonder how long they'll have to pay for the compassion of others -- and whether they can survive.
The Beltway deal hinges on extending federal unemployment insurance for another 13 months. This would mark the sixth time that the deadline has been extended since June 2008.
State unemployment benefits last up to 26 weeks. Bipartisan-supported Washington mandates have raised that to 99 weeks. The current proposal would raise the total to 155 weeks. The cost of the joint federal-state program is borne by employers who pay state and federal taxes on a portion of wages paid to each employee in a calendar year. (At the federal level, employers must pay 6.2 percent of the first $7,000 of income to keep the system afloat.)
The combined burden of these hidden state and federal payroll taxes has exploded during the recession as President Obama's economic recovery interventions backfire and the jobless rate remains stuck near double-digits. State unemployment insurance funds have gone broke in nearly half the states. As of April 2010, unemployment tax analyst Douglas Holmes testified before the Senate, 35 states and jurisdictions had unemployment fund-related debts worth $39.5 billion. Anti-fraud efforts to prevent scams and overpayments are woefully underfunded.
In an interminable money shuffle, these bankrupt state unemployment insurance funds are now borrowing money from the feds, whose own regular unemployment benefits account and extended benefits account are both in the red. Washington is relying on transfers from the federal general revenue fund to cover loan obligations related to all these hemorrhaging accounts.
Who pays? Dentists, tavern owners, maid services, mom-and-pop shops -- small businesses that are the backbone of the American economy. In my home state of Colorado, small and mid-size firms have been saddled with eye-popping unemployment insurance bills that have doubled, tripled and more in the past year. The businesses that have the lowest claims histories are getting punished the most to make up the jobless benefits fund deficit.
More HERE
My Twitter.com identity: jonjayray. My Facebook page is also accessible as jonjayray (In full: http://www.facebook.com/jonjayray). For more blog postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, 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 (Academic) or here (Pictorial) or here (Personal)
****************************
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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Net job impact of stimulus zero, from SF Federal Reserve study
A study by Daniel J. Wilson of the San Francisco Federal Reserve Bank, suggests that the net job creation from the $814 billion stimulus bill passed in February, 2009, was zero by August 2010. In the first year, the stimulus "saved or created" 2 million jobs (not 4 million as repeatedly claimed by the Administration), but this number proved to be short lived, paying for temporary jobs, at a very high cost of $400,000 per job "saved or created."
By August, 2010, the impact of the stimulus on net job creation had disappeared. This is an astounding result, which destroys the Paul Krugman argument that the economy would be so much better right now, if only Congress had approved much more spending in February 2009. Double the initial spending, double the number of temporary jobs, with likely the same net result by this point in time, or a trivial number of "permanent jobs created . In fact, the unemployment rate is at a substantially higher percentage rate today at 9.8% than when the stimulus bill was passed. The E21 team concludes
"The results suggest that though the program did result in 2 million jobs "created or saved" by March 2010, net job creation was statistically indistinguishable from zero by August of this year. Taken at face value, this would suggest that the stimulus program (with an overall cost of $814 billion) worked only to generate temporary jobs at a cost of over $400,000 per worker. Even if the stimulus had in fact generated this level of employment as a durable outcome, it would still have been an extremely expensive way to generate employment.
SOURCE
***********************
Dems Are Asking: Will Issa Go Too Far?
They fear having their own tactics used on them
Lurita Doan
Many within the White House seem fearful about the intentions of Darrell Issa. As the incoming Chairman of the House Committee for Oversight and Government Reform, Issa will have full power to open investigations into government operations and questionable programs. Media expert, Howard Kurtz, knows full well the power Issa will wield, and his article in the Daily Beast asks the question that is on the minds of many Democrats: Will Darrell Issa “go too far” as the incoming Chairman of the Committee of Oversight? A superb question, for the nation was given a clear example of excessive, mean-spirited, oftentimes petty use of oversight powers by Henry Waxman.
Democrats are wondering whether Issa will behave more responsibly and focus the committee’s attention on legitimate areas of concern and poorly performing government programs, rather than on punishing political adversaries for narrow political gains as did Henry Waxman. Having worked with both congressmen, I can say that Darrell Issa is an honest patriot that actually wants government to work more efficiently. Issa knows firsthand from the Waxman years the damage that can done by an irresponsible chairman.
Henry Waxman developed the playbook for many Democrat-led show trials during the Bush Administration. The pattern was always the same because it worked brilliantly and successfully trashed the reputations of many. The most common steps in the Waxman playbook are to leak information to the mainstream media, issue “invitations” to hearings based on the media coverage, refuse to meet with the government officials prior to the hearing, verbally attack family members of the witness, exclude the Minority members from meetings, hold hearings on a topic slightly different than what is cited in the “invitation’ so the witness isn’t fully prepared, have each Majority member spend the five minutes of Q&A making bombastic statements that use all but 30 seconds of the time allocated so that the witness is unable to completely rebut the accusations and, cite testimony and evidence as proof, which neither the witness nor the Minority committee members have had time or access to review. In short, Waxman perfected the modern day kangaroo court and served as its master of ceremonies.
Waxman didn’t care a fig about ferreting out poorly performing programs and wasteful spending. Indeed, many participants in his show trials tried, in vain, to provide Waxman with background data that he simply did not understand nor was interested in learning. Instead, Waxman’s focus was the propaganda value of the show trials he orchestrated.
Considerable effort was put into capturing C-Span and private video tapings which were then carefully edited by the Majority to control the public’s impression of the hearing. These edited segments, which omitted facts Waxman was eager to suppress, but advanced favorite Democratic attack lines, were then placed on You Tube. Thus, with some backhanded editing and misdirection, Democrat loyalists of Henry Waxman gained valuable free ads to use in their campaign commercials —all at taxpayer expense.
But it important to note that a Waxman oversight committee lynching, a true circus, also depended on a compliant victim, often too astounded at the brazen daring of ill-informed committee members, and often, under the illusion that the hearing was about finding out facts.
The compliant victim is often unwilling to fully expose the ignorance of congressmen, especially the chairman, whom the witness often believes deserves respect due to the office. And, the members, in turn, are counting on the civility of the witness to ensure that their ignorance will never be exposed. How can Americans tell when one of these kinds of show trials is occurring? Here’s another clue.
You will see a congressional staffer scuttling behind committee members with little slips of paper on which questions have been written. Remember, the members haven’t read the material, so the Majority staff often distributes comments, questions and talking points for the member to parrot. Like many Americans, Darrel Issa became appalled and disgusted with Henry Waxman’s dishonest kangaroo courts.
No doubt, too, as he now assumes the job as Majority Leader, Issa hopes to raise the bar and provide the nation with a more responsible example of how the Oversight Committee conducts itself under his leadership.
I expect great things from Issa’s committee and am hopeful that, at long last, we can watch a congressional hearing and take pride in our democracy in action. After all, aggressive oversight is important to protect the American taxpayer and ensure that taxpayer dollars are spent well. But, oversight which relies on bullying and manipulating facts is abusive, un-American, and shameful.
So that may be why the White House is nervous. Obama and his staff are likely worried that the same kangaroo court mentality that Henry Waxman used to unfairly bludgeon the Bush Administration will be continued by Darell Issa. I understand the fear, but Obama can relax. Congressman Issa is a better man than Henry Waxman.
SOURCE
**********************
Elites Should Blame themselves, Not Obama, for Believing His Messianic Pretensions
They are finding it hard to face the fact that they were conned by a smooth talker
David Limbaugh
Have you noticed the desperate agony among the Obama-supporting elite upon realizing that he is not quite the messiah he made himself out to be and as which they willingly embraced him?
Many leftists are disgusted with Obama for supposedly betraying the cause on a number of issues, which tells us how irredeemably liberal they are. But their sense of betrayal runs deeper than ideology.
It's not just their belief that he's abandoned them on numerous policy issues. It's also their belated discovery that he's not superman.
So we're witnessing a number of liberal and conservative elites scapegoating Obama for their own foolishness in deifying him. I say "scapegoating" because no one has a reasonable right to rely on another person's self-portrayal as messianic. If they bought into his claims to personal transcendence, then they are more culpable than he is, and their anger is transferred hostility, redirected from themselves to the now-exposed mortal.
The elites' investing of supernatural hope in Obama was a product of their worldview, which diminishes, perhaps even erases, God's role and looks to man for salvation. Their subsequent deflation was inevitable because no mere human being is transcendent.
My assessment gains further credibility when you consider that some of these former Obama disciples are still torn, not quite willing to let go just yet of their fantastical expectations -- their faith. So in their essays, we can detect both resentment and a sense of residual hope that Obama will return to his godlike state. At once they berate him for betraying them in his holding himself out as almost otherworldly and yet plea for him to return to this very same resplendent glory that they now ambivalently reject.
Newsweek's Eleanor Clift reminisces about Obama's halcyon days -- his period as a consummate presidential campaigner -- when he would overcome each difficult challenge by rising to the occasion. "He came through the crucible each time because he realized he would otherwise lose." Clift observes that the left-wing MoveOn.org is running ads "calling on the president to 'be the president we fought to elect.'" She says, "The rest of us (non-Republicans) are craving the leadership we know he's capable of, and time is running out."
The New York Times' Frank Rich attributes "the baffling Obama presidency" to a form of Stockholm syndrome, whereby "the hostage will start concentrating on his captors' 'good side' and develop psychological characteristics to please them -- 'dependency; lack of initiative; and an inability to act, decide or think.'" "Obama," Rich argues, "has seemingly surrendered his once-considerable abilities to act, decide or think." Rich says that Obama is neither the naive centrist the left is making him out to be nor the socialist conservatives claim he is. "The real problem is that he's so indistinct no one across the entire political spectrum knows who he is."
Obama should have broken out of his Stockholm chains and stood "firm on what matters to him and to the country rather than forever attempting to turn non-argumentative reasonableness into its own virtuous reward."
Put aside Rich's distorted perspective in thinking that Republicans have been the aggressors in their relationship with Obama or that he has been conciliatory rather than the bully he's actually been. What's more noteworthy is his disgust with Obama for not being the super-liberal, super-aggressive, super-decisive, super-competent chief executive he and his ilk believed he would be. Rich seems to believe less than some others in Obama's potential redemption.
Michael Lerner writes that liberals "believe it is critical to get Obama to become the candidate whom most Americans believed they elected in 2008." He recommends a primary challenge from the left, which "would pressure Obama toward much more progressive positions and make him a more viable 2012 candidate."
The New York Times' David Brooks, who has sometimes been mistaken for a conservative, begs Obama to make yet another speech (this time on tax reform) and to reclaim the greatness the Brooks "intellectuals" projected upon him. "If Obama moved vigorously on this sort of tax reform, starting at the State of the Union, he would vindicate my description of him, which would be nice." I suppose he means the one in which he lusted after the crease in Obama's pants.
These examples and many others show the pure folly in so many having invested so much in a man about whom we knew so little and what we did know was troubling.
The elites' uniform disenchantment with Obama says much more about them than it does him, namely that they are hopelessly lost in the intoxication of their intellectual elitism and the mire of their crippling worldview and that they didn't have a clue about Obama when they formed their little cult and still don't as they stumble upon, kicking and screaming, his abundant failings.
SOURCE
**************************
Washington's "Alphabet Soup" Poisonous to Economy
A simmering bowl of alphabet soup stirs childhood memories of finding culinary comfort on a cold winter day. But as outside temperatures begin to drop and the rhetoric begins to heat up in our nation's capital, the dangers lurking in the alphabet soup of our federal government's regulatory agencies (EPA, OSHA, NLRB, and FCC to name just a few) could spell something far different for our nation’s economy: t-r-o-u-b-l-e.
Not long after the Democrats took their electoral “shellacking,” John Podesta, of the George Soros funded Center for American Progress, suggested that "one of the best ways for the Obama administration to achieve results...is through substantial executive authority to make and implement policy."
While we should rightfully be concerned, we shouldn't be surprised. President Obama’s top appointments have demonstrated an aggressive interventionist approach from federal regulatory agencies. Now it appears that is all the White House has remaining. Since losing a Democratic majority in the House and clinging to a diminished majority in the Senate (with nearly half its caucus members up for re-election in 2012), the Obama administration is turning its sights to the only lever of power remaining under their control -- yes, those very same federal regulatory agencies.
What the White House couldn't get passed when Democrats controlled both chambers in Congress, it is now pursuing through far-reaching administrative action in spite of the negative impacts on job creation.
For example, while the job killing cap and trade legislation was going nowhere in the Senate, and literally had a hole blown through it by West Virginia’s Senator-elect Joe Manchin, the Environmental Protection Agency (EPA) is now stealthily pushing an extensive carbon regulation scheme with as little public attention as possible and zero concern that it will eliminate jobs and raise energy costs just as the original cap and trade proposal would.
Meanwhile, with official unemployment figures reaching 9.8%, John Fund of the Wall Street Journal reports that plans are underway at the Occupational Safety and Health Administration (OSHA) to impose tougher workplace regulation enforcement on businesses and enhance employer compliance through the use of unprecedented pressure and litigation. Increasing administrative burdens on employers and threatening increased legal action against them certainly doesn’t sound like a comprehensive plan to create jobs, except for government lawyers.
A third potential example may reveal the true arrogance of Obama's Washington. It is well-known that the top legislative priority for labor unions is the enactment of the cleverly titled Employee Free Choice Act (EFCA) - otherwise known as “card check” - that would make it easier for unions to organize without secret ballot elections in the workplace. Although Congressional passage is no longer a threat, big labor (who contributed over $200 million to Democratic candidates this election cycle) is working to advance their pro-union policies through rulemaking at the National Labor Relations Board (NLRB). The NLRB’s five-member board is dominated by Obama-appointed pro-union members, including a former top lawyer for SEIU and AFL-CIO, and could attempt to enact EFCA administratively.
A final example of an agency attempt to elude Congressional authority just emerged from the Federal Communications Commission (FCC). The FCC Chairman has recently announced his intention to use the Democratic majority on the five member commission to move forward with his controversial plan to adopt innovation stifling "net neutrality" regulations in spite of strong bipartisan opposition from Congress and a recent court ruling stating that the FCC lacks the legislative authority to regulate internet traffic management. Policy decisions of this magnitude belong to the elected representatives of the people who are charged with creating public policy, not three unelected members of a beltway panel.
SOURCE
My Twitter.com identity: jonjayray. My Facebook page is also accessible as jonjayray (In full: http://www.facebook.com/jonjayray). For more blog postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, 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 (Academic) or here (Pictorial) or here (Personal)
****************************
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)
****************************
A study by Daniel J. Wilson of the San Francisco Federal Reserve Bank, suggests that the net job creation from the $814 billion stimulus bill passed in February, 2009, was zero by August 2010. In the first year, the stimulus "saved or created" 2 million jobs (not 4 million as repeatedly claimed by the Administration), but this number proved to be short lived, paying for temporary jobs, at a very high cost of $400,000 per job "saved or created."
By August, 2010, the impact of the stimulus on net job creation had disappeared. This is an astounding result, which destroys the Paul Krugman argument that the economy would be so much better right now, if only Congress had approved much more spending in February 2009. Double the initial spending, double the number of temporary jobs, with likely the same net result by this point in time, or a trivial number of "permanent jobs created . In fact, the unemployment rate is at a substantially higher percentage rate today at 9.8% than when the stimulus bill was passed. The E21 team concludes
"The results suggest that though the program did result in 2 million jobs "created or saved" by March 2010, net job creation was statistically indistinguishable from zero by August of this year. Taken at face value, this would suggest that the stimulus program (with an overall cost of $814 billion) worked only to generate temporary jobs at a cost of over $400,000 per worker. Even if the stimulus had in fact generated this level of employment as a durable outcome, it would still have been an extremely expensive way to generate employment.
SOURCE
***********************
Dems Are Asking: Will Issa Go Too Far?
They fear having their own tactics used on them
Lurita Doan
Many within the White House seem fearful about the intentions of Darrell Issa. As the incoming Chairman of the House Committee for Oversight and Government Reform, Issa will have full power to open investigations into government operations and questionable programs. Media expert, Howard Kurtz, knows full well the power Issa will wield, and his article in the Daily Beast asks the question that is on the minds of many Democrats: Will Darrell Issa “go too far” as the incoming Chairman of the Committee of Oversight? A superb question, for the nation was given a clear example of excessive, mean-spirited, oftentimes petty use of oversight powers by Henry Waxman.
Democrats are wondering whether Issa will behave more responsibly and focus the committee’s attention on legitimate areas of concern and poorly performing government programs, rather than on punishing political adversaries for narrow political gains as did Henry Waxman. Having worked with both congressmen, I can say that Darrell Issa is an honest patriot that actually wants government to work more efficiently. Issa knows firsthand from the Waxman years the damage that can done by an irresponsible chairman.
Henry Waxman developed the playbook for many Democrat-led show trials during the Bush Administration. The pattern was always the same because it worked brilliantly and successfully trashed the reputations of many. The most common steps in the Waxman playbook are to leak information to the mainstream media, issue “invitations” to hearings based on the media coverage, refuse to meet with the government officials prior to the hearing, verbally attack family members of the witness, exclude the Minority members from meetings, hold hearings on a topic slightly different than what is cited in the “invitation’ so the witness isn’t fully prepared, have each Majority member spend the five minutes of Q&A making bombastic statements that use all but 30 seconds of the time allocated so that the witness is unable to completely rebut the accusations and, cite testimony and evidence as proof, which neither the witness nor the Minority committee members have had time or access to review. In short, Waxman perfected the modern day kangaroo court and served as its master of ceremonies.
Waxman didn’t care a fig about ferreting out poorly performing programs and wasteful spending. Indeed, many participants in his show trials tried, in vain, to provide Waxman with background data that he simply did not understand nor was interested in learning. Instead, Waxman’s focus was the propaganda value of the show trials he orchestrated.
Considerable effort was put into capturing C-Span and private video tapings which were then carefully edited by the Majority to control the public’s impression of the hearing. These edited segments, which omitted facts Waxman was eager to suppress, but advanced favorite Democratic attack lines, were then placed on You Tube. Thus, with some backhanded editing and misdirection, Democrat loyalists of Henry Waxman gained valuable free ads to use in their campaign commercials —all at taxpayer expense.
But it important to note that a Waxman oversight committee lynching, a true circus, also depended on a compliant victim, often too astounded at the brazen daring of ill-informed committee members, and often, under the illusion that the hearing was about finding out facts.
The compliant victim is often unwilling to fully expose the ignorance of congressmen, especially the chairman, whom the witness often believes deserves respect due to the office. And, the members, in turn, are counting on the civility of the witness to ensure that their ignorance will never be exposed. How can Americans tell when one of these kinds of show trials is occurring? Here’s another clue.
You will see a congressional staffer scuttling behind committee members with little slips of paper on which questions have been written. Remember, the members haven’t read the material, so the Majority staff often distributes comments, questions and talking points for the member to parrot. Like many Americans, Darrel Issa became appalled and disgusted with Henry Waxman’s dishonest kangaroo courts.
No doubt, too, as he now assumes the job as Majority Leader, Issa hopes to raise the bar and provide the nation with a more responsible example of how the Oversight Committee conducts itself under his leadership.
I expect great things from Issa’s committee and am hopeful that, at long last, we can watch a congressional hearing and take pride in our democracy in action. After all, aggressive oversight is important to protect the American taxpayer and ensure that taxpayer dollars are spent well. But, oversight which relies on bullying and manipulating facts is abusive, un-American, and shameful.
So that may be why the White House is nervous. Obama and his staff are likely worried that the same kangaroo court mentality that Henry Waxman used to unfairly bludgeon the Bush Administration will be continued by Darell Issa. I understand the fear, but Obama can relax. Congressman Issa is a better man than Henry Waxman.
SOURCE
**********************
Elites Should Blame themselves, Not Obama, for Believing His Messianic Pretensions
They are finding it hard to face the fact that they were conned by a smooth talker
David Limbaugh
Have you noticed the desperate agony among the Obama-supporting elite upon realizing that he is not quite the messiah he made himself out to be and as which they willingly embraced him?
Many leftists are disgusted with Obama for supposedly betraying the cause on a number of issues, which tells us how irredeemably liberal they are. But their sense of betrayal runs deeper than ideology.
It's not just their belief that he's abandoned them on numerous policy issues. It's also their belated discovery that he's not superman.
So we're witnessing a number of liberal and conservative elites scapegoating Obama for their own foolishness in deifying him. I say "scapegoating" because no one has a reasonable right to rely on another person's self-portrayal as messianic. If they bought into his claims to personal transcendence, then they are more culpable than he is, and their anger is transferred hostility, redirected from themselves to the now-exposed mortal.
The elites' investing of supernatural hope in Obama was a product of their worldview, which diminishes, perhaps even erases, God's role and looks to man for salvation. Their subsequent deflation was inevitable because no mere human being is transcendent.
My assessment gains further credibility when you consider that some of these former Obama disciples are still torn, not quite willing to let go just yet of their fantastical expectations -- their faith. So in their essays, we can detect both resentment and a sense of residual hope that Obama will return to his godlike state. At once they berate him for betraying them in his holding himself out as almost otherworldly and yet plea for him to return to this very same resplendent glory that they now ambivalently reject.
Newsweek's Eleanor Clift reminisces about Obama's halcyon days -- his period as a consummate presidential campaigner -- when he would overcome each difficult challenge by rising to the occasion. "He came through the crucible each time because he realized he would otherwise lose." Clift observes that the left-wing MoveOn.org is running ads "calling on the president to 'be the president we fought to elect.'" She says, "The rest of us (non-Republicans) are craving the leadership we know he's capable of, and time is running out."
The New York Times' Frank Rich attributes "the baffling Obama presidency" to a form of Stockholm syndrome, whereby "the hostage will start concentrating on his captors' 'good side' and develop psychological characteristics to please them -- 'dependency; lack of initiative; and an inability to act, decide or think.'" "Obama," Rich argues, "has seemingly surrendered his once-considerable abilities to act, decide or think." Rich says that Obama is neither the naive centrist the left is making him out to be nor the socialist conservatives claim he is. "The real problem is that he's so indistinct no one across the entire political spectrum knows who he is."
Obama should have broken out of his Stockholm chains and stood "firm on what matters to him and to the country rather than forever attempting to turn non-argumentative reasonableness into its own virtuous reward."
Put aside Rich's distorted perspective in thinking that Republicans have been the aggressors in their relationship with Obama or that he has been conciliatory rather than the bully he's actually been. What's more noteworthy is his disgust with Obama for not being the super-liberal, super-aggressive, super-decisive, super-competent chief executive he and his ilk believed he would be. Rich seems to believe less than some others in Obama's potential redemption.
Michael Lerner writes that liberals "believe it is critical to get Obama to become the candidate whom most Americans believed they elected in 2008." He recommends a primary challenge from the left, which "would pressure Obama toward much more progressive positions and make him a more viable 2012 candidate."
The New York Times' David Brooks, who has sometimes been mistaken for a conservative, begs Obama to make yet another speech (this time on tax reform) and to reclaim the greatness the Brooks "intellectuals" projected upon him. "If Obama moved vigorously on this sort of tax reform, starting at the State of the Union, he would vindicate my description of him, which would be nice." I suppose he means the one in which he lusted after the crease in Obama's pants.
These examples and many others show the pure folly in so many having invested so much in a man about whom we knew so little and what we did know was troubling.
The elites' uniform disenchantment with Obama says much more about them than it does him, namely that they are hopelessly lost in the intoxication of their intellectual elitism and the mire of their crippling worldview and that they didn't have a clue about Obama when they formed their little cult and still don't as they stumble upon, kicking and screaming, his abundant failings.
SOURCE
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Washington's "Alphabet Soup" Poisonous to Economy
A simmering bowl of alphabet soup stirs childhood memories of finding culinary comfort on a cold winter day. But as outside temperatures begin to drop and the rhetoric begins to heat up in our nation's capital, the dangers lurking in the alphabet soup of our federal government's regulatory agencies (EPA, OSHA, NLRB, and FCC to name just a few) could spell something far different for our nation’s economy: t-r-o-u-b-l-e.
Not long after the Democrats took their electoral “shellacking,” John Podesta, of the George Soros funded Center for American Progress, suggested that "one of the best ways for the Obama administration to achieve results...is through substantial executive authority to make and implement policy."
While we should rightfully be concerned, we shouldn't be surprised. President Obama’s top appointments have demonstrated an aggressive interventionist approach from federal regulatory agencies. Now it appears that is all the White House has remaining. Since losing a Democratic majority in the House and clinging to a diminished majority in the Senate (with nearly half its caucus members up for re-election in 2012), the Obama administration is turning its sights to the only lever of power remaining under their control -- yes, those very same federal regulatory agencies.
What the White House couldn't get passed when Democrats controlled both chambers in Congress, it is now pursuing through far-reaching administrative action in spite of the negative impacts on job creation.
For example, while the job killing cap and trade legislation was going nowhere in the Senate, and literally had a hole blown through it by West Virginia’s Senator-elect Joe Manchin, the Environmental Protection Agency (EPA) is now stealthily pushing an extensive carbon regulation scheme with as little public attention as possible and zero concern that it will eliminate jobs and raise energy costs just as the original cap and trade proposal would.
Meanwhile, with official unemployment figures reaching 9.8%, John Fund of the Wall Street Journal reports that plans are underway at the Occupational Safety and Health Administration (OSHA) to impose tougher workplace regulation enforcement on businesses and enhance employer compliance through the use of unprecedented pressure and litigation. Increasing administrative burdens on employers and threatening increased legal action against them certainly doesn’t sound like a comprehensive plan to create jobs, except for government lawyers.
A third potential example may reveal the true arrogance of Obama's Washington. It is well-known that the top legislative priority for labor unions is the enactment of the cleverly titled Employee Free Choice Act (EFCA) - otherwise known as “card check” - that would make it easier for unions to organize without secret ballot elections in the workplace. Although Congressional passage is no longer a threat, big labor (who contributed over $200 million to Democratic candidates this election cycle) is working to advance their pro-union policies through rulemaking at the National Labor Relations Board (NLRB). The NLRB’s five-member board is dominated by Obama-appointed pro-union members, including a former top lawyer for SEIU and AFL-CIO, and could attempt to enact EFCA administratively.
A final example of an agency attempt to elude Congressional authority just emerged from the Federal Communications Commission (FCC). The FCC Chairman has recently announced his intention to use the Democratic majority on the five member commission to move forward with his controversial plan to adopt innovation stifling "net neutrality" regulations in spite of strong bipartisan opposition from Congress and a recent court ruling stating that the FCC lacks the legislative authority to regulate internet traffic management. Policy decisions of this magnitude belong to the elected representatives of the people who are charged with creating public policy, not three unelected members of a beltway panel.
SOURCE
My Twitter.com identity: jonjayray. My Facebook page is also accessible as jonjayray (In full: http://www.facebook.com/jonjayray). For more blog postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, 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 (Academic) or here (Pictorial) or here (Personal)
****************************
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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Tuesday, December 07, 2010
Leaked memos expose the hypocrisy of the Left over Iran
These past two years it has become received wisdom in influential sections of the foreign policy community that, in the wake of the Bush administration's foreign policy excesses and errors, the chief imperative of US foreign policy is to avoid any further foreign entanglements. In the pursuit of this shimmering transcendent goal, however, it soon enough becomes necessary to use any and every argument that comes to hand, no matter how implausible.
Thus Iran-apologists such as former State Department officials Floyd and Hillary Leverett - who holidayed in Tehran's best uptown hotels while, downtown, protesters were seized at random off the streets and beaten into a state of permanent incapacity, or sexually violated with broken bottles - are associated with prestigious progressive think-tanks, and invited to speak at respectable gatherings of international relations scholars. And their considered view that the Iranian regime is a victim of unrestrained US aggression is taken as a mainstream scholarly opinion.
Yet these are the same Leveretts who insisted, 18 months ago in The Washington Post, that Iran's elections were not only free and fair, but actually freer and fairer than those of their own country. Even though, as the WikiLeaks cables have now clarified, US diplomats knew all along that the result was fixed; and further knew that the actual election figures were very similar to those revealed by a brave young official in the Iranian Information Ministry, Mohammad Asghari, who paid for this act of heroism with his life, only to have his information greeted with pure white silence in Washington.
In this scholarly mirror universe, where truth and fiction are equally interesting so long as they titillate the creative intellect, and where a generalised hostility to Western interests can pass as a proxy for political progressivism, the old hard Left and the new far Right join together in a splendid danse macabre, Black and Red carolling in joyous euphony.
In June last year we were confidently informed that President Obama's conciliatory Cairo speech - where he declared to the Iranian regime that the US was willing "to move forward without preconditions on the basis of mutual respect" - would provide moral succour to the populations of the Middle East and reassure them that the US held no animosity towards them.
We now know that when they heard those fateful words - uttered a mere fortnight before the Iranian elections, so easily debauched before Washington's studiously averted eyes - every significant Arab leader must actually have been appalled, and must have wondered what on earth the US President could be thinking.
For as the cables conveyed to Washington by its regional offices make clear, nobody there took the pseudo-scholarly arguments for "constructive engagement" seriously. Take this assessment relayed from Amman by ambassador Stephen Beecroft, two months before Obama's soaring and eloquent, if foolish and empty, Cairo peroration: "Jordanian leaders' comments betray a powerful undercurrent of doubt that the US knows how to deal effectively with Iran. Foreign Minister Nasser Joudeh has suggested the Iranians would be happy to let talks with the US continue for 10 years without moving them forward, believing that they can benefit from perceived acceptance after years of isolation without paying a price."
Or take this honest but doomed communication from Timothy Richardson, acting director of America's Iran Regional Presence Office in Dubai: "Any US effort to engage the current Iranian government will be perceived by a wide spectrum of Arabs as accommodation with [President Mahmoud] Ahmadinejad." Isn't this what any moderately informed, intelligent Western observer would also have concluded, had political affections not required them to pretend otherwise?
During the past week our grand legion of "engagers" have been at pains to insist that sentiments such as these show only the supposed "hypocrisy" of Arab leaders on Iran, since they express views in private that they do not express in public.
Yet it isn't the Arab governments who have been hypocritical: indeed, the advice from Jordan is demonstrably more sober and honest than that of many foreign policy experts. Rather, the charge of hypocrisy better fits our faux-conciliators and Iran apologists, since they advocate in the name of high principle a policy they know in their hearts indefinitely prolongs the life of one of the planet's most awful and despised regimes, with the sole rationale of avoiding foreign entanglements at any cost.
What is worse, the cables support what many feared when they observed Obama's emotionless, zen-like reaction to the Green Movement's suppression: that from Washington's point of view the Iranian rebels were an encumbrance rather than an ally.
According to Alan Eyre, the Iran RPO director, in January this year: "Iran's current domestic strife is a political black hole that swallows all other issues . . . such that until a new homeostasis is reached in Iran's political ruling class, progress on issues of bilateral importance will be even more difficult than usual."
No doubt this return to business as usual will come as a great relief to the "constructive engagement" set in Washington and beyond. Except that this time around the Iranian spectre will shadow not only the region, but potentially the entire world. And this time there is not the slightest chance that a peaceful change of government can avert the looming catastrophe.
SOURCE
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WikiLeaks no threat to free society
by Steven Greenhut
The response by pundits to the latest WikiLeaks classified-document dump has reminded me of a preacher who decries pornography, but who also insists on reading the dirty magazines page by page so that he can better understand the depth of the world's depravity. If WikiLeaks' actions were so wrong, why is there such widespread interest in these cables, often by the same people vociferously criticizing their release?
Clearly, WikiLeaks founder Julian Assange has done our nation a service by publishing at-times embarrassing accounts of how the U.S. government conducts its foreign policy. This is a government that claims to be of the people, by the people and for the people, and which has grand pretenses about projecting freedom worldwide, yet it wants to be able to keep most of the details of its actions away from the prying eyes of the public.
There's no evidence that any information released will endanger anyone, and the U.S. government reportedly refused Assange's request to work with him to scrub any names that could be compromised. Officials will always trot out the "endangering lives" or "protecting security" argument so they don't have to reveal what they are doing, how they are doing it, or any misconduct or mistakes they have made while doing it. That's human nature. I'm surprised by how readily most Americans, liberal and conservative, are content with allowing so much of their government to operate in secrecy, even though open government is the cornerstone of a free society.
Cablegate separates Americans into two categories. There are those who agree with our founders that government power is a corrupting force, so government officials need to be closely monitored. And there are those who have nearly blind trust in the public-spiritedness of those who run the bureaucracies and rule us.
Put me in category A, which is why I applaud WikiLeaks and its efforts to provide the information necessary so Americans can govern themselves in this supposedly self-governing society.
"How can the American system be regarded as participatory if the most potentially explosive government conduct is hidden?" writer Sheldon Richman asked in a Christian Science Monitor column. "Are 'we the people' really in charge or not?" That's the question of the hour.
I'm most astounded that some journalists interviewed have been so half-hearted in their defense of Assange. Journalists know that government officials fight the release of virtually every piece of information, especially that which casts them in a less-than-favorable light. I've received police reports with nearly every word (other than "is," "are" and "by") redacted. I've had information requests dismissed and ignored, even for information that is unquestionably part of the public record.
Officials obfuscate and delay and then force the average citizen to go to court to get files that are supposed to be ours, as citizens. They know that few people can afford the legal fight, and there's little cost for refusing to adhere to public records laws.
This is the nature of government. If it weren't for anonymous sources and leaked information, the journalism business would serve as a press-release service for officialdom. We're all better off because courageous people leak important documents to the media. That's true even when leakers have a personal agenda in releasing the information.
The New York Times reports that the leaked diplomatic cables "contain a fresh American intelligence assessment of Iran's missile program. They reveal for the first time that the United States believes that Iran has obtained advanced missiles from North Korea that could let it strike at Western European capitals and Moscow and help it develop more formidable long-range ballistic missiles." That seems like useful information if we, the people, want to monitor our political leaders' decisions about how to deal with those two rogue nations. No wonder Iranian dictator Mahmoud Ahmadinejad joined Republicans and Democrats in denouncing WikiLeaks.
We learned that Secretary of State Hillary Clinton wanted to collect personal and financial information about foreign leaders, which gives the public valuable insight into this presidential hopeful's view of civil liberties and personal privacy.
Even conservative writer Jonah Goldberg, who wondered why Assange hasn't been "garroted in his hotel room" after the previous WikiLeaks release of documents relating to the wars in Iraq and Afghanistan described U.S. forces shooting at a group that included civilians, found worthwhile information in the latest documents: "And what these documents confirm is that President Obama's foreign policy is a mess."
Despite that useful insight, Goldberg is still angry at Assange, who "is convinced that he has revealed the hypocrisy and corruption of U.S. foreign policy, when in reality all he has revealed is that pursuing foreign-policy ideals is messier and more complicated in a world where bad people pursue bad ends."
The public is better off that we can debate Goldberg's point, rather than remain in the dark about these matters.
Liberals have been as bad as conservatives in denouncing Assange as treasonous. This is not surprising, given how committed they are to a massive government that manages our lives.
Bill Anderson, writing for the libertarian Web site Lewrockwell.com, reminds readers that 19th century Americans largely embraced the view that "politicians were corrupt, governments generally wasted tax dollars and that elected officials could not be trusted." The Progressive movement then came onto the scene to advance its reforms, by which a gifted intelligentsia would rule for the public good. Open government is anathema to such elite rule, as the public gets to see that the elites are mere human beings with all the same temptations and foibles as everybody else.
WikiLeaks has helped demystify the inner workings of our government, sparking a much-needed debate over various U.S. policies across the world and reminded Americans that free societies depend on an informed citizenry. And the disclosures even provided some levity, as we got to read some honest assessments of puffed-up world leaders. We should thank Assange rather than malign him, and we should eagerly await his next release.
SOURCE
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Deficit cutting commission gets it wrong
The Bowles Simpson deficit cutting commission is more Washington theater. Another show with an impressive cast designed to give the appearance of being serious. This kind of theater, unfortunately, not only accomplishes little or nothing, but it makes things worse. Under the guise of doing something, it obfuscates our real problems.
Our federal budget did not explode over a few short years to sucking up a quarter of our economy because we didn't have politicos with green eyeshades looking at it. It exploded because we have government in Washington that can do practically anything it wants.
Without clarity about the role of government and meaningful law enforcing it, we're never going to get spending and debt under control. And this is what Americans need to wise up to and get resigned about.
Here's a few things sticking in my craw from just over the last week that speak to the reality of government with no constitutional constraint....
Peter Wallison and Edward Pinto of the American Enterprise Institute write that little has happened to fix what caused the great collapse in our financial markets. Fannie Mae and Freddie Mac, the taxpayer backed mortgage behemoths, carried out their government mandate to expand homeownership by pushing a flood of subprime mortgages into the market and laid the groundwork for the collapse. They can no longer do this now that both have been bailed out by taxpayers to the tune of hundreds of billions of dollars.
But this doesn't mean that Washington is now deterred from promoting home ownership by using taxpayers to back unsound mortgages. Now it's just being done through the Federal Housing Administration. According to Wallison and Pinto, this mission has shifted to FHA, who "... now accounts for 60 percent of all US home purchase mortgage originations," and, "FHA just announced its intention to push almost half of its home purchase volume into subprime territory by 2014-2017."
But perhaps the week's prize for taxpayer abuse must go to former VP Al Gore. Gore, as reported by the Wall Street Journal, admitted to a group of college students that government subsidies of ethanol are a bad idea. The energy and environmental benefits of ethanol are "trivial," he said, but "It's hard once such a program is put in place to deal with the lobbies that keep it going." Then he added that his own support for these subsidies was driven by his presidential ambitions.
We're drowning in spending and debt because theft is legal in Washington. This is our problem and the Bowles Simpson commission totally ignores it.
SOURCE
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ELSEWHERE
When the government promises it won’t abuse its powers, it’s lying: "Most people who supported the USA PATRIOT Act and the creation of DHS, no matter how unjustifiably, presumably believed that those extraordinary grants of power would be used only for the extraordinary purpose of fighting genuine terror networks like Al Qaeda and preventing terrorist attacks on the United States. It should be abundantly clear now that those people were had.”
Leak embarrassments : "My strong impression is that free men and women must never trust those in government very much, given that such folks have immense power and unless they and their works are watched carefully they are likely to abuse it–to quote the famous English political theorist Lord Acton, ‘Power tends to corrupt, absolute power corrupts absolutely.’ So there is good reason to applaud WikiLeaks’ efforts to inform us about how the governments of the world go about their business. The excuse that such knowledge may be embarrassing seems to me quite irrelevant since governments simply ought not to engage in conduct that embarrasses them.”
British taxes chase another major British company away: "The US owners of Cadbury are to switch control of the company to Switzerland in a move that could deprive Britain of more than £60 million in tax every year. The plan has been hatched by food giant Kraft, which took over the iconic British chocolate manufacturer earlier this year after a bitter £11 billion bid battle. It will see ownership of much-loved Cadbury brands including Dairy Milk, Crunchie and Twirl handed to a holding company in Zurich, where Kraft already has a major base."
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 (In full: http://www.facebook.com/jonjayray). For more blog postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, 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 (Academic) or here (Pictorial) or here (Personal)
****************************
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)
****************************
These past two years it has become received wisdom in influential sections of the foreign policy community that, in the wake of the Bush administration's foreign policy excesses and errors, the chief imperative of US foreign policy is to avoid any further foreign entanglements. In the pursuit of this shimmering transcendent goal, however, it soon enough becomes necessary to use any and every argument that comes to hand, no matter how implausible.
Thus Iran-apologists such as former State Department officials Floyd and Hillary Leverett - who holidayed in Tehran's best uptown hotels while, downtown, protesters were seized at random off the streets and beaten into a state of permanent incapacity, or sexually violated with broken bottles - are associated with prestigious progressive think-tanks, and invited to speak at respectable gatherings of international relations scholars. And their considered view that the Iranian regime is a victim of unrestrained US aggression is taken as a mainstream scholarly opinion.
Yet these are the same Leveretts who insisted, 18 months ago in The Washington Post, that Iran's elections were not only free and fair, but actually freer and fairer than those of their own country. Even though, as the WikiLeaks cables have now clarified, US diplomats knew all along that the result was fixed; and further knew that the actual election figures were very similar to those revealed by a brave young official in the Iranian Information Ministry, Mohammad Asghari, who paid for this act of heroism with his life, only to have his information greeted with pure white silence in Washington.
In this scholarly mirror universe, where truth and fiction are equally interesting so long as they titillate the creative intellect, and where a generalised hostility to Western interests can pass as a proxy for political progressivism, the old hard Left and the new far Right join together in a splendid danse macabre, Black and Red carolling in joyous euphony.
In June last year we were confidently informed that President Obama's conciliatory Cairo speech - where he declared to the Iranian regime that the US was willing "to move forward without preconditions on the basis of mutual respect" - would provide moral succour to the populations of the Middle East and reassure them that the US held no animosity towards them.
We now know that when they heard those fateful words - uttered a mere fortnight before the Iranian elections, so easily debauched before Washington's studiously averted eyes - every significant Arab leader must actually have been appalled, and must have wondered what on earth the US President could be thinking.
For as the cables conveyed to Washington by its regional offices make clear, nobody there took the pseudo-scholarly arguments for "constructive engagement" seriously. Take this assessment relayed from Amman by ambassador Stephen Beecroft, two months before Obama's soaring and eloquent, if foolish and empty, Cairo peroration: "Jordanian leaders' comments betray a powerful undercurrent of doubt that the US knows how to deal effectively with Iran. Foreign Minister Nasser Joudeh has suggested the Iranians would be happy to let talks with the US continue for 10 years without moving them forward, believing that they can benefit from perceived acceptance after years of isolation without paying a price."
Or take this honest but doomed communication from Timothy Richardson, acting director of America's Iran Regional Presence Office in Dubai: "Any US effort to engage the current Iranian government will be perceived by a wide spectrum of Arabs as accommodation with [President Mahmoud] Ahmadinejad." Isn't this what any moderately informed, intelligent Western observer would also have concluded, had political affections not required them to pretend otherwise?
During the past week our grand legion of "engagers" have been at pains to insist that sentiments such as these show only the supposed "hypocrisy" of Arab leaders on Iran, since they express views in private that they do not express in public.
Yet it isn't the Arab governments who have been hypocritical: indeed, the advice from Jordan is demonstrably more sober and honest than that of many foreign policy experts. Rather, the charge of hypocrisy better fits our faux-conciliators and Iran apologists, since they advocate in the name of high principle a policy they know in their hearts indefinitely prolongs the life of one of the planet's most awful and despised regimes, with the sole rationale of avoiding foreign entanglements at any cost.
What is worse, the cables support what many feared when they observed Obama's emotionless, zen-like reaction to the Green Movement's suppression: that from Washington's point of view the Iranian rebels were an encumbrance rather than an ally.
According to Alan Eyre, the Iran RPO director, in January this year: "Iran's current domestic strife is a political black hole that swallows all other issues . . . such that until a new homeostasis is reached in Iran's political ruling class, progress on issues of bilateral importance will be even more difficult than usual."
No doubt this return to business as usual will come as a great relief to the "constructive engagement" set in Washington and beyond. Except that this time around the Iranian spectre will shadow not only the region, but potentially the entire world. And this time there is not the slightest chance that a peaceful change of government can avert the looming catastrophe.
SOURCE
**************************
WikiLeaks no threat to free society
by Steven Greenhut
The response by pundits to the latest WikiLeaks classified-document dump has reminded me of a preacher who decries pornography, but who also insists on reading the dirty magazines page by page so that he can better understand the depth of the world's depravity. If WikiLeaks' actions were so wrong, why is there such widespread interest in these cables, often by the same people vociferously criticizing their release?
Clearly, WikiLeaks founder Julian Assange has done our nation a service by publishing at-times embarrassing accounts of how the U.S. government conducts its foreign policy. This is a government that claims to be of the people, by the people and for the people, and which has grand pretenses about projecting freedom worldwide, yet it wants to be able to keep most of the details of its actions away from the prying eyes of the public.
There's no evidence that any information released will endanger anyone, and the U.S. government reportedly refused Assange's request to work with him to scrub any names that could be compromised. Officials will always trot out the "endangering lives" or "protecting security" argument so they don't have to reveal what they are doing, how they are doing it, or any misconduct or mistakes they have made while doing it. That's human nature. I'm surprised by how readily most Americans, liberal and conservative, are content with allowing so much of their government to operate in secrecy, even though open government is the cornerstone of a free society.
Cablegate separates Americans into two categories. There are those who agree with our founders that government power is a corrupting force, so government officials need to be closely monitored. And there are those who have nearly blind trust in the public-spiritedness of those who run the bureaucracies and rule us.
Put me in category A, which is why I applaud WikiLeaks and its efforts to provide the information necessary so Americans can govern themselves in this supposedly self-governing society.
"How can the American system be regarded as participatory if the most potentially explosive government conduct is hidden?" writer Sheldon Richman asked in a Christian Science Monitor column. "Are 'we the people' really in charge or not?" That's the question of the hour.
I'm most astounded that some journalists interviewed have been so half-hearted in their defense of Assange. Journalists know that government officials fight the release of virtually every piece of information, especially that which casts them in a less-than-favorable light. I've received police reports with nearly every word (other than "is," "are" and "by") redacted. I've had information requests dismissed and ignored, even for information that is unquestionably part of the public record.
Officials obfuscate and delay and then force the average citizen to go to court to get files that are supposed to be ours, as citizens. They know that few people can afford the legal fight, and there's little cost for refusing to adhere to public records laws.
This is the nature of government. If it weren't for anonymous sources and leaked information, the journalism business would serve as a press-release service for officialdom. We're all better off because courageous people leak important documents to the media. That's true even when leakers have a personal agenda in releasing the information.
The New York Times reports that the leaked diplomatic cables "contain a fresh American intelligence assessment of Iran's missile program. They reveal for the first time that the United States believes that Iran has obtained advanced missiles from North Korea that could let it strike at Western European capitals and Moscow and help it develop more formidable long-range ballistic missiles." That seems like useful information if we, the people, want to monitor our political leaders' decisions about how to deal with those two rogue nations. No wonder Iranian dictator Mahmoud Ahmadinejad joined Republicans and Democrats in denouncing WikiLeaks.
We learned that Secretary of State Hillary Clinton wanted to collect personal and financial information about foreign leaders, which gives the public valuable insight into this presidential hopeful's view of civil liberties and personal privacy.
Even conservative writer Jonah Goldberg, who wondered why Assange hasn't been "garroted in his hotel room" after the previous WikiLeaks release of documents relating to the wars in Iraq and Afghanistan described U.S. forces shooting at a group that included civilians, found worthwhile information in the latest documents: "And what these documents confirm is that President Obama's foreign policy is a mess."
Despite that useful insight, Goldberg is still angry at Assange, who "is convinced that he has revealed the hypocrisy and corruption of U.S. foreign policy, when in reality all he has revealed is that pursuing foreign-policy ideals is messier and more complicated in a world where bad people pursue bad ends."
The public is better off that we can debate Goldberg's point, rather than remain in the dark about these matters.
Liberals have been as bad as conservatives in denouncing Assange as treasonous. This is not surprising, given how committed they are to a massive government that manages our lives.
Bill Anderson, writing for the libertarian Web site Lewrockwell.com, reminds readers that 19th century Americans largely embraced the view that "politicians were corrupt, governments generally wasted tax dollars and that elected officials could not be trusted." The Progressive movement then came onto the scene to advance its reforms, by which a gifted intelligentsia would rule for the public good. Open government is anathema to such elite rule, as the public gets to see that the elites are mere human beings with all the same temptations and foibles as everybody else.
WikiLeaks has helped demystify the inner workings of our government, sparking a much-needed debate over various U.S. policies across the world and reminded Americans that free societies depend on an informed citizenry. And the disclosures even provided some levity, as we got to read some honest assessments of puffed-up world leaders. We should thank Assange rather than malign him, and we should eagerly await his next release.
SOURCE
*************************
Deficit cutting commission gets it wrong
The Bowles Simpson deficit cutting commission is more Washington theater. Another show with an impressive cast designed to give the appearance of being serious. This kind of theater, unfortunately, not only accomplishes little or nothing, but it makes things worse. Under the guise of doing something, it obfuscates our real problems.
Our federal budget did not explode over a few short years to sucking up a quarter of our economy because we didn't have politicos with green eyeshades looking at it. It exploded because we have government in Washington that can do practically anything it wants.
Without clarity about the role of government and meaningful law enforcing it, we're never going to get spending and debt under control. And this is what Americans need to wise up to and get resigned about.
Here's a few things sticking in my craw from just over the last week that speak to the reality of government with no constitutional constraint....
Peter Wallison and Edward Pinto of the American Enterprise Institute write that little has happened to fix what caused the great collapse in our financial markets. Fannie Mae and Freddie Mac, the taxpayer backed mortgage behemoths, carried out their government mandate to expand homeownership by pushing a flood of subprime mortgages into the market and laid the groundwork for the collapse. They can no longer do this now that both have been bailed out by taxpayers to the tune of hundreds of billions of dollars.
But this doesn't mean that Washington is now deterred from promoting home ownership by using taxpayers to back unsound mortgages. Now it's just being done through the Federal Housing Administration. According to Wallison and Pinto, this mission has shifted to FHA, who "... now accounts for 60 percent of all US home purchase mortgage originations," and, "FHA just announced its intention to push almost half of its home purchase volume into subprime territory by 2014-2017."
But perhaps the week's prize for taxpayer abuse must go to former VP Al Gore. Gore, as reported by the Wall Street Journal, admitted to a group of college students that government subsidies of ethanol are a bad idea. The energy and environmental benefits of ethanol are "trivial," he said, but "It's hard once such a program is put in place to deal with the lobbies that keep it going." Then he added that his own support for these subsidies was driven by his presidential ambitions.
We're drowning in spending and debt because theft is legal in Washington. This is our problem and the Bowles Simpson commission totally ignores it.
SOURCE
***************************
ELSEWHERE
When the government promises it won’t abuse its powers, it’s lying: "Most people who supported the USA PATRIOT Act and the creation of DHS, no matter how unjustifiably, presumably believed that those extraordinary grants of power would be used only for the extraordinary purpose of fighting genuine terror networks like Al Qaeda and preventing terrorist attacks on the United States. It should be abundantly clear now that those people were had.”
Leak embarrassments : "My strong impression is that free men and women must never trust those in government very much, given that such folks have immense power and unless they and their works are watched carefully they are likely to abuse it–to quote the famous English political theorist Lord Acton, ‘Power tends to corrupt, absolute power corrupts absolutely.’ So there is good reason to applaud WikiLeaks’ efforts to inform us about how the governments of the world go about their business. The excuse that such knowledge may be embarrassing seems to me quite irrelevant since governments simply ought not to engage in conduct that embarrasses them.”
British taxes chase another major British company away: "The US owners of Cadbury are to switch control of the company to Switzerland in a move that could deprive Britain of more than £60 million in tax every year. The plan has been hatched by food giant Kraft, which took over the iconic British chocolate manufacturer earlier this year after a bitter £11 billion bid battle. It will see ownership of much-loved Cadbury brands including Dairy Milk, Crunchie and Twirl handed to a holding company in Zurich, where Kraft already has a major base."
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 (In full: http://www.facebook.com/jonjayray). For more blog postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, 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 (Academic) or here (Pictorial) or here (Personal)
****************************
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)
****************************
Monday, December 06, 2010
Obama: The traitor within
As President George W. Bush's top speechwriter, Marc Thiessen was provided unique access to the CIA program used in interrogating top Al Qaeda terrorists, including the mastermind of the 9/11 attack, Khalid Sheikh Mohammad (KSM). Now, in his riveting new book, "Courting Disaster, How the CIA Kept America Safe and How Barack Obama Is Inviting the Next Attack" (Regnery), Thiessen reveals how, as the result of waterboarding and other enhanced interrogation techniques that were used on a very selective basis, the CIA obtained a huge quantity of information. The information obtained Thiessen explains, prevented numerous terrorist assaults on the U.S. and catastrophic damage to America and its allies. In dismantling this program, shutting down the strategic interrogation center at Guantanamo and cloaking KSM and fellow terrorists with the constitutional rights of an average U.S. citizen, Barack Obama, according to the author, is courting another 9/11. Here is an excerpt from Courting Disaster:
Just before dawn on March 1, 2003, two dozen heavily armed Pakistani tactical assault forces move in and surround a safe house in Rawalpindi. A few hours earlier they had received a text message from an informant inside the house. It read: “I am with KSM.”
Bursting in, they find the disheveled mastermind of the 9/11 attacks, Khalid Sheikh Mohammed, in his bedroom. He is taken into custody. In the safe house, they find a treasure trove of computers, documents, cell phones, and other valuable “pocket litter.”
It becomes clear he will not reveal the information using traditional interrogation techniques. So he undergoes a series of “enhanced interrogation techniques” approved for use only on the most high-value detainees. The techniques include waterboarding.
His resistance is described by one senior American official as “superhuman.” Eventually, however, the techniques work, and KSM becomes cooperative—for reasons that will be described later in this book.
He begins telling his CIA de-briefers about active al Qaeda plots to launch attacks against the United States and other Western targets He holds classes for CIA officials, using a chalkboard to draw a picture of al Qaeda’s operating structure, financing, communications, and logistics. He identifies al Qaeda travel routes and safe havens, and helps intelligence officers make sense of documents and computer records seized in terrorist raids. He identifies voices in intercepted telephone calls, and helps officials understand the meaning of coded terrorist communications. He provides information that helps our intelligence community capture other high-ranking terrorists,
KSM’s questioning, and that of other captured terrorists, produces more than 6,000 intelligence reports, which are shared across the intelligence community, as well as with our allies across the world.
In one of these reports, KSM describes in detail the revisions he made to his failed 1994-1995 plan known as the “Bojinka plot” to blow up a dozen airplanes carrying some 4,000 passengers over the Pacific Ocean.
Years later, an observant CIA officer notices that the activities of a cell being followed by British authorities appear to match KSM’s description of his plans for a Bojinka-style attack.
In an operation that involves unprecedented intelligence cooperation between our countries, British officials proceed to unravel the plot. On the night of Aug.9, 2006 they launch a series of raids in a northeast London suburb that lead to the arrest of two dozen al Qaeda terrorist suspects. They find a USB thumb-drive in the pocket of one of the men with security details for Heathrow airport, and information on seven trans-Atlantic flights that were scheduled to take off within hours of each other:
They seize bomb-making equipment and hydrogen peroxide to make liquid explosives. And they find the chilling martyrdom videos the suicide bombers had prepared.
Today, if you asked an average person on the street what they know about the 2006 airlines plot, most would not be able to tell you much. Few Americans are aware of the fact that al Qaeda had planned to mark the fifth anniversary of 9/11 with an attack of similar scope and magnitude.
And still fewer realize that the terrorists’ true intentions in this plot were uncovered thanks to critical information obtained through the interrogation of the man who conceived it: Khalid Sheikh Mohammed.
This is only one of the many attacks stopped with the help of the CIA interrogation program established by the Bush Administration in the wake of the Sept. 11, 2001, terrorist attacks.
Former CIA Director George Tenet has declared: “I know that this program has saved lives. I know we’ve disrupted plots. I know this program alone is worth more than what the FBI, the Central Intelligence Agency, and the National Security Agency put together have been able to tell us.”
Former CIA Director Mike Hayden has said: “The facts of the case are that the use of these techniques against these terrorists made us safer. It really did work.”
Even Barack Obama’s Director of National Intelligence, Dennis Blair, has acknowledged: “High-value information came from interrogations in which those methods were used and provided a deeper understanding of the al Qaeda organization that was attacking this country.”
Leon Panetta, Obama’s CIA Director, has said: “Important information was gathered from these detainees. It provided information that was acted upon.”
And John Brennan, Obama’s Homeland Security Advisor, when asked in an interview if enhanced-interrogation techniques were necessary to keep America safe, replied :“Would the U.S. be handicapped if the CIA was not, in fact, able to carry out these types of detention and debriefing activities? I would say yes.”
And in his first 48 hours in office, President Barack Obama shut the program down.
On Jan. 22, 2009, President Obama issued Executive Order 13491, closing the CIA program and directing that, henceforth, all interrogations by U.S personnel must follow the techniques contained in the Army Field Manual.
The morning of the announcement, Mike Hayden was still in his post as CIA Director, He called White House Counsel Greg Craig and told him bluntly: “You didn’t ask, but this is the CIA officially nonconcurring. The president went ahead anyway, overruling the objections of the agency.
A few months later, on April 16, 2009, President Obama ordered the release of four Justice Department memos that described in detail the techniques used to interrogate KSM and other high-value terrorists. This time, not just Hayden (who was now retired) but five CIA directors -- including Obama’s own director, Leon Panetta -- objected. George Tenet called to urge against the memos’ release. So did Porter Goss. So did John Deutch. Hayden says: “You had CIA directors in a continuous unbroken stream to 1995 calling saying, ‘Don’t do this.’”
In addition to objections from the men who led the agency for a collective 14 years, the President also heard objections from the agency’s covert field operatives. A few weeks earlier, Panetta had arranged for the eight top officials of the Clandestine Service to meet with the President. It was highly unusual for these clandestine officers to visit the Oval Office, and they used the opportunity to warn the President that releasing the memos would put agency operatives at risk. The President reportedly listened respectfully -- and then ignored their advice.
With these actions, Barack Obama arguably did more damage to America’s national security in his first 100 days of office than any President in American history.
More HERE
**************************
Biology measures us up whether we like it or not
George W. Bush joked with Oprah Winfrey recently about not being “dragged back into the swamp”—resisting the television host’s political questions. Theodore Roosevelt tried that for a while—a good while, actually—but eventually he entered the arena again. He was to politics at that time what a guy named Jim Jeffries was to boxing—someone who just couldn’t pull off the comeback.
And speaking of the arena—it is TR who made the political metaphor an enduring one with his famous quote about “The Man in the Arena”. It was part of a major address he delivered at The University of Paris (The Sorbonne) on April 23, 1910. While recently reading about the event in Edmund Morris’ new book, Colonel Roosevelt, I was struck by something else Teddy said that day.
Hiding in the shadows of his “in the arena” address was a rhetorical warning that has great relevance to all citizens of all true republics in our day and age:
That’s right. Theodore Roosevelt told the French that they needed to keep having babies. If only they had listened.
At the time of Roosevelt’s speech, France was a major world power. Today—not so much. There is enough blame for such decline in global influence to go around, but the increased secularism of Europe, with its penchant for socialized everything, has certainly played a role. The nation was decaying from within long before Paris was declared an open city as the Nazis approached in 1940.
Now 70 years later, there is an even greater threat to their cherished way of life. If only the French today would rediscover Teddy’s advice and reverse the birthrate trend—they might have a fighting chance. But such is the mindset of secularism, it is all about self and “fulfillment.” Issues of family, not to mention progeny are secondary, if thought about at all. Marriage is deferred—even eschewed. Children are planned—or better, planned around. And over time the birth rate in Europe has fallen far short of what is needed to keep up with the various demands of the future.
In other words, the nations are aging. There are fewer children, yet more grandparents—a trend that will continue and accelerate. It takes a fertility rate of 2.1 births per woman to keep a nation’s population stable. The United States is right about there, give or take. Canada has a rate of 1.48 and Europe as a whole weighs in at 1.38. What this means is that there is a Bernie Madoff moment coming for these nations (we’re seeing some of it now, with the riots, etc.). The money will run out, with not enough wage-earners at the bottom to support an older generation’s “entitlements.”
But even beyond that, the situation in France also reminds us of the opportunistic threat of Islamism. It’s just a matter of time and math before critical mass is reached and formerly great bastions of democratic republicanism morph into caliphates. The Times of London reported a year and a half ago that its nation’s Muslim population had grown from 500,000 to 2.4 million in just 4 years, “rising 10 times faster” than the rest of society. It’s the same in France, though raw numbers are harder to come by.
A while back, it came out that France’s fertility rate had risen slightly. Calling it a “robust reproduction rate”—one that is “bucking the trend”—the reasons for it were variously described as having to do with things like government programs for maternity leave, pre-school, stipends for in-home nannies, and similar government largesse. But another factor, hiding in plain sight, has to do with the fertility rate of the resident Muslim population.
In fact, all across Western Europe it’s the same. The cities of Amsterdam and Rotterdam are on track to have Muslim majority populations within this decade. Bruce Bawer has written in his book, While Europe Slept—How Radical Islam Is Destroying The West From Within, “A T-shirt popular among young Muslims in Stockholm reads: ‘2030—then we take over.’”
I like what Britain’s chief Rabbi said last year. Lord Sacks decried Europe’s falling birthrate, blaming it on “a culture of consumerism and instant gratification.” “Europe is dying,” he said, “we are undergoing the moral equivalent of climate change and no-one is talking about it.”
More HERE
**********************
Shock Therapy for Jobs
Fear and uncertainty about Federal government moves is causing employers to do more with the employees they already have
Unemployment jumped to 9.8 percent in a very disappointing November jobs report. Nonfarm payrolls increased by only 39,000 and private jobs expanded by just 50,000. This is way below what the economy needs. Most discouraging, the smaller-business household employment number fell for the second time in a row, down 173,000 in November after a 330,000 drop in October. This is the nineteenth straight month with unemployment above 9 percent.
Now, after the severe financial panic of two years ago, it seems clear that too many tax and regulatory obstacles are blocking satisfactory job creation. And it also seems clear that a number of fresh new incentives will be necessary to spur the kind of prosperity that Americans desire. Following the deep recession, we need shock-therapy, pro-growth, tax-cut and deregulatory incentives.
Perhaps the only saving grace from the poor jobs report is that it will spur a quick resolution to extend all the Bush tax cuts.
Democrats keep shilly-shallying with all these silly class-warfare amendments, like a $250,000 limit, or a $1 million limit. This has everything to do with left-wing redistributionist social policy and nothing to do with economic growth. The fact is, passing the bill to freeze the tax rates will help business confidence. Why don’t Democrats understand this?
But there’s more. Large and small companies remain worried about the high regulatory and tax costs of Obamacare, which is the number-one jobs-stopper. How expensive will it be over the next five to ten years for the new hire? Companies also have to deal with a crazy quilt of new financial regulations that may block access to new bank loans when private credit demand kicks up.
Lowering the top personal and corporate tax rates will increase after-tax returns for work and investment. That’s the kind of strong new incentive that will be necessary to ignite rapid economic growth in the post-meltdown period. Broaden the tax base and lower marginal rates across-the-board.
And full-throated spending reduction will be necessary to drive deficits lower, and reduce the threat that future taxes may have to go up if the bond vigilantes come after the U.S. Treasury market the way they have attacked various countries in Europe.
Meanwhile, the Fed can produce money, but we are learning again that it cannot produce jobs. It also can produce inflation and a devalued dollar.
In other words, the basic building blocks for growth must be restored: limited government, lower tax rates, and a steady currency.
More HERE
My Twitter.com identity: jonjayray. My Facebook page is also accessible as jonjayray (In full: http://www.facebook.com/jonjayray). For more blog postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, 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 (Academic) or here (Pictorial) or here (Personal)
****************************
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)
****************************
As President George W. Bush's top speechwriter, Marc Thiessen was provided unique access to the CIA program used in interrogating top Al Qaeda terrorists, including the mastermind of the 9/11 attack, Khalid Sheikh Mohammad (KSM). Now, in his riveting new book, "Courting Disaster, How the CIA Kept America Safe and How Barack Obama Is Inviting the Next Attack" (Regnery), Thiessen reveals how, as the result of waterboarding and other enhanced interrogation techniques that were used on a very selective basis, the CIA obtained a huge quantity of information. The information obtained Thiessen explains, prevented numerous terrorist assaults on the U.S. and catastrophic damage to America and its allies. In dismantling this program, shutting down the strategic interrogation center at Guantanamo and cloaking KSM and fellow terrorists with the constitutional rights of an average U.S. citizen, Barack Obama, according to the author, is courting another 9/11. Here is an excerpt from Courting Disaster:
Just before dawn on March 1, 2003, two dozen heavily armed Pakistani tactical assault forces move in and surround a safe house in Rawalpindi. A few hours earlier they had received a text message from an informant inside the house. It read: “I am with KSM.”
Bursting in, they find the disheveled mastermind of the 9/11 attacks, Khalid Sheikh Mohammed, in his bedroom. He is taken into custody. In the safe house, they find a treasure trove of computers, documents, cell phones, and other valuable “pocket litter.”
It becomes clear he will not reveal the information using traditional interrogation techniques. So he undergoes a series of “enhanced interrogation techniques” approved for use only on the most high-value detainees. The techniques include waterboarding.
His resistance is described by one senior American official as “superhuman.” Eventually, however, the techniques work, and KSM becomes cooperative—for reasons that will be described later in this book.
He begins telling his CIA de-briefers about active al Qaeda plots to launch attacks against the United States and other Western targets He holds classes for CIA officials, using a chalkboard to draw a picture of al Qaeda’s operating structure, financing, communications, and logistics. He identifies al Qaeda travel routes and safe havens, and helps intelligence officers make sense of documents and computer records seized in terrorist raids. He identifies voices in intercepted telephone calls, and helps officials understand the meaning of coded terrorist communications. He provides information that helps our intelligence community capture other high-ranking terrorists,
KSM’s questioning, and that of other captured terrorists, produces more than 6,000 intelligence reports, which are shared across the intelligence community, as well as with our allies across the world.
In one of these reports, KSM describes in detail the revisions he made to his failed 1994-1995 plan known as the “Bojinka plot” to blow up a dozen airplanes carrying some 4,000 passengers over the Pacific Ocean.
Years later, an observant CIA officer notices that the activities of a cell being followed by British authorities appear to match KSM’s description of his plans for a Bojinka-style attack.
In an operation that involves unprecedented intelligence cooperation between our countries, British officials proceed to unravel the plot. On the night of Aug.9, 2006 they launch a series of raids in a northeast London suburb that lead to the arrest of two dozen al Qaeda terrorist suspects. They find a USB thumb-drive in the pocket of one of the men with security details for Heathrow airport, and information on seven trans-Atlantic flights that were scheduled to take off within hours of each other:
They seize bomb-making equipment and hydrogen peroxide to make liquid explosives. And they find the chilling martyrdom videos the suicide bombers had prepared.
Today, if you asked an average person on the street what they know about the 2006 airlines plot, most would not be able to tell you much. Few Americans are aware of the fact that al Qaeda had planned to mark the fifth anniversary of 9/11 with an attack of similar scope and magnitude.
And still fewer realize that the terrorists’ true intentions in this plot were uncovered thanks to critical information obtained through the interrogation of the man who conceived it: Khalid Sheikh Mohammed.
This is only one of the many attacks stopped with the help of the CIA interrogation program established by the Bush Administration in the wake of the Sept. 11, 2001, terrorist attacks.
Former CIA Director George Tenet has declared: “I know that this program has saved lives. I know we’ve disrupted plots. I know this program alone is worth more than what the FBI, the Central Intelligence Agency, and the National Security Agency put together have been able to tell us.”
Former CIA Director Mike Hayden has said: “The facts of the case are that the use of these techniques against these terrorists made us safer. It really did work.”
Even Barack Obama’s Director of National Intelligence, Dennis Blair, has acknowledged: “High-value information came from interrogations in which those methods were used and provided a deeper understanding of the al Qaeda organization that was attacking this country.”
Leon Panetta, Obama’s CIA Director, has said: “Important information was gathered from these detainees. It provided information that was acted upon.”
And John Brennan, Obama’s Homeland Security Advisor, when asked in an interview if enhanced-interrogation techniques were necessary to keep America safe, replied :“Would the U.S. be handicapped if the CIA was not, in fact, able to carry out these types of detention and debriefing activities? I would say yes.”
And in his first 48 hours in office, President Barack Obama shut the program down.
On Jan. 22, 2009, President Obama issued Executive Order 13491, closing the CIA program and directing that, henceforth, all interrogations by U.S personnel must follow the techniques contained in the Army Field Manual.
The morning of the announcement, Mike Hayden was still in his post as CIA Director, He called White House Counsel Greg Craig and told him bluntly: “You didn’t ask, but this is the CIA officially nonconcurring. The president went ahead anyway, overruling the objections of the agency.
A few months later, on April 16, 2009, President Obama ordered the release of four Justice Department memos that described in detail the techniques used to interrogate KSM and other high-value terrorists. This time, not just Hayden (who was now retired) but five CIA directors -- including Obama’s own director, Leon Panetta -- objected. George Tenet called to urge against the memos’ release. So did Porter Goss. So did John Deutch. Hayden says: “You had CIA directors in a continuous unbroken stream to 1995 calling saying, ‘Don’t do this.’”
In addition to objections from the men who led the agency for a collective 14 years, the President also heard objections from the agency’s covert field operatives. A few weeks earlier, Panetta had arranged for the eight top officials of the Clandestine Service to meet with the President. It was highly unusual for these clandestine officers to visit the Oval Office, and they used the opportunity to warn the President that releasing the memos would put agency operatives at risk. The President reportedly listened respectfully -- and then ignored their advice.
With these actions, Barack Obama arguably did more damage to America’s national security in his first 100 days of office than any President in American history.
More HERE
**************************
Biology measures us up whether we like it or not
George W. Bush joked with Oprah Winfrey recently about not being “dragged back into the swamp”—resisting the television host’s political questions. Theodore Roosevelt tried that for a while—a good while, actually—but eventually he entered the arena again. He was to politics at that time what a guy named Jim Jeffries was to boxing—someone who just couldn’t pull off the comeback.
And speaking of the arena—it is TR who made the political metaphor an enduring one with his famous quote about “The Man in the Arena”. It was part of a major address he delivered at The University of Paris (The Sorbonne) on April 23, 1910. While recently reading about the event in Edmund Morris’ new book, Colonel Roosevelt, I was struck by something else Teddy said that day.
Hiding in the shadows of his “in the arena” address was a rhetorical warning that has great relevance to all citizens of all true republics in our day and age:
Finally, even more important than ability to work, even more important than ability to fight at need, is it to remember that chief of blessings for any nations is that it shall leave its seed to inherit the land. It was the crown of blessings in Biblical times and it is the crown of blessings now. The greatest of all curses is the curse of sterility, and the severest of all condemnations should be that visited upon willful sterility.
The first essential in any civilization is that the man and women shall be father and mother of healthy children so that the [human] race shall increase and not decrease. If that is not so, if through no fault of the society there is failure to increase, it is a great misfortune. If the failure is due to the deliberate and willful fault, then it is not merely a misfortune, it is one of those crimes of ease and self-indulgence, of shrinking from pain and effort and risk, which in the long run Nature punishes more heavily than any other.
If we of the great republics, if we, the free people who claim to have emancipated ourselves from the thralldom of wrong and error, bring down on our heads the curse that comes upon the willfully barren, then it will be an idle waste of breath to prattle of our achievements, to boast of all that we have done.”
That’s right. Theodore Roosevelt told the French that they needed to keep having babies. If only they had listened.
At the time of Roosevelt’s speech, France was a major world power. Today—not so much. There is enough blame for such decline in global influence to go around, but the increased secularism of Europe, with its penchant for socialized everything, has certainly played a role. The nation was decaying from within long before Paris was declared an open city as the Nazis approached in 1940.
Now 70 years later, there is an even greater threat to their cherished way of life. If only the French today would rediscover Teddy’s advice and reverse the birthrate trend—they might have a fighting chance. But such is the mindset of secularism, it is all about self and “fulfillment.” Issues of family, not to mention progeny are secondary, if thought about at all. Marriage is deferred—even eschewed. Children are planned—or better, planned around. And over time the birth rate in Europe has fallen far short of what is needed to keep up with the various demands of the future.
In other words, the nations are aging. There are fewer children, yet more grandparents—a trend that will continue and accelerate. It takes a fertility rate of 2.1 births per woman to keep a nation’s population stable. The United States is right about there, give or take. Canada has a rate of 1.48 and Europe as a whole weighs in at 1.38. What this means is that there is a Bernie Madoff moment coming for these nations (we’re seeing some of it now, with the riots, etc.). The money will run out, with not enough wage-earners at the bottom to support an older generation’s “entitlements.”
But even beyond that, the situation in France also reminds us of the opportunistic threat of Islamism. It’s just a matter of time and math before critical mass is reached and formerly great bastions of democratic republicanism morph into caliphates. The Times of London reported a year and a half ago that its nation’s Muslim population had grown from 500,000 to 2.4 million in just 4 years, “rising 10 times faster” than the rest of society. It’s the same in France, though raw numbers are harder to come by.
A while back, it came out that France’s fertility rate had risen slightly. Calling it a “robust reproduction rate”—one that is “bucking the trend”—the reasons for it were variously described as having to do with things like government programs for maternity leave, pre-school, stipends for in-home nannies, and similar government largesse. But another factor, hiding in plain sight, has to do with the fertility rate of the resident Muslim population.
In fact, all across Western Europe it’s the same. The cities of Amsterdam and Rotterdam are on track to have Muslim majority populations within this decade. Bruce Bawer has written in his book, While Europe Slept—How Radical Islam Is Destroying The West From Within, “A T-shirt popular among young Muslims in Stockholm reads: ‘2030—then we take over.’”
I like what Britain’s chief Rabbi said last year. Lord Sacks decried Europe’s falling birthrate, blaming it on “a culture of consumerism and instant gratification.” “Europe is dying,” he said, “we are undergoing the moral equivalent of climate change and no-one is talking about it.”
More HERE
**********************
Shock Therapy for Jobs
Fear and uncertainty about Federal government moves is causing employers to do more with the employees they already have
Unemployment jumped to 9.8 percent in a very disappointing November jobs report. Nonfarm payrolls increased by only 39,000 and private jobs expanded by just 50,000. This is way below what the economy needs. Most discouraging, the smaller-business household employment number fell for the second time in a row, down 173,000 in November after a 330,000 drop in October. This is the nineteenth straight month with unemployment above 9 percent.
Now, after the severe financial panic of two years ago, it seems clear that too many tax and regulatory obstacles are blocking satisfactory job creation. And it also seems clear that a number of fresh new incentives will be necessary to spur the kind of prosperity that Americans desire. Following the deep recession, we need shock-therapy, pro-growth, tax-cut and deregulatory incentives.
Perhaps the only saving grace from the poor jobs report is that it will spur a quick resolution to extend all the Bush tax cuts.
Democrats keep shilly-shallying with all these silly class-warfare amendments, like a $250,000 limit, or a $1 million limit. This has everything to do with left-wing redistributionist social policy and nothing to do with economic growth. The fact is, passing the bill to freeze the tax rates will help business confidence. Why don’t Democrats understand this?
But there’s more. Large and small companies remain worried about the high regulatory and tax costs of Obamacare, which is the number-one jobs-stopper. How expensive will it be over the next five to ten years for the new hire? Companies also have to deal with a crazy quilt of new financial regulations that may block access to new bank loans when private credit demand kicks up.
Lowering the top personal and corporate tax rates will increase after-tax returns for work and investment. That’s the kind of strong new incentive that will be necessary to ignite rapid economic growth in the post-meltdown period. Broaden the tax base and lower marginal rates across-the-board.
And full-throated spending reduction will be necessary to drive deficits lower, and reduce the threat that future taxes may have to go up if the bond vigilantes come after the U.S. Treasury market the way they have attacked various countries in Europe.
Meanwhile, the Fed can produce money, but we are learning again that it cannot produce jobs. It also can produce inflation and a devalued dollar.
In other words, the basic building blocks for growth must be restored: limited government, lower tax rates, and a steady currency.
More HERE
My Twitter.com identity: jonjayray. My Facebook page is also accessible as jonjayray (In full: http://www.facebook.com/jonjayray). For more blog postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, 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 (Academic) or here (Pictorial) or here (Personal)
****************************
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)
****************************
Sunday, December 05, 2010
Behind that unemployment rise to 9.8%
An all-out attack on employers from the Obamabots
There is some very scary stuff happening inside of Obama’s Department of Labor that should cause you to shudder. As John Fund at the WSJ points, out the Department of Labor is up to no good, as usual.
Labor’s Office of the Solicitor released a plan that has been adopted as the standard operating procedure which highlights just how much DOL and the Obama administration dislike business. DOL is looking at doing the following things to intimidate businesses, as Fund reports:
Patricia Smith, who heads the solicitor’s office, told me in an interview yesterday that the plan is a “living document” that will “never be finalized.” Whatever its status, it includes the following:
• “Identify a public affairs liaison in each Regional Office” to “send stronger, clearer messages to the regulated community about DOL’s emphasis on litigation.”
One tactic to be employed by the department’s Occupational Safety and Health Administration (OSHA) division will be to “deter [employers] through shaming.” Ms. Smith told me she didn’t know what that means. But whatever it might involve, it doesn’t sound appropriate for an agency charged with carrying out the law in an even-handed fashion.
• “Engage in enterprise-wide enforcement.” Ms. Smith said that means targeting multiple work sites of the same company. A department source says it also is likely to involve enforcement agents from the Wage and Hour Division and from OSHA showing up at the same time. The plan also calls for “Imposing shorter deadlines for implementing remedial measures in conciliation agreements and consent decrees.”
• “Engage in greater use of injunctive relief,” which means using court injunctions rather than fines to enforce compliance. The department plan also wants to “identify and pursue test cases” that could stretch the meaning of the law.
DOL is drawing a line in the sand on where they stand with business. DOL is the regulator, and whatever they say goes and if you refuse to go along, you will wish you did.
But it gets worse. While DOL tightens the screws on business and the folks responsible for providing jobs to Americans, they are turning their gaze away from Big Labor, the money sucking, job killing group of thieves:
But while the Department of Labor prepares for a hyper-aggressive enforcement strategy against business, it has rolled back Bush-era reforms mandating greater union transparency. Just this week the department rescinded its Form T-1, which required unions to report on strike funds and other accounts under union control.
The Labor Department is also planning to transfer responsibility for whistleblower investigations from OSHA (which currently has 80 investigators on this beat) to the Office of Labor-Management Standards (OLMS), which oversees union financial integrity. But the Obama administration has severely cut funding and staff for OLMS. There are 187 OLMS investigators, down from 223 last year. With additional responsibilities, the office’s ability to investigate embezzlements and union corruption will be further hindered.
This work is important. Since 2001, OLMS investigations have resulted in 972 indictments for various financial misdeeds, with 905 of them resulting in convictions. As a result, $88 million in restitution was made to rank-and-file union members.
There you have it folks. If you aren’t part of the chosen class, which would be swearing allegiance to a labor union where you can have your paycheck shanghaied each week, then you are at the mercy of the Labor Department.
SOURCE
***************************
How Obama & Co. are Creating Another Housing Bubble
Leftists never learn. They don't want to learn
It is hard to believe, but it looks like the government will soon use the taxpayers' checkbook again to create a vast market for mortgages with low or no down payments and for overstretched borrowers with blemished credit. As in the period leading to the 2008 financial crisis, these loans will again contribute to a housing bubble, which will feed on government funding and grow to enormous size. When it collapses, housing prices will drop and a financial crisis will ensue. And, once again, the taxpayers will have to bear the costs.
In doing this, Congress is repeating the same policy mistake it made in 1992. Back then, it mandated that Fannie Mae and Freddie Mac compete with the Federal Housing Administration (FHA) for high-risk loans. Unhappily for both their shareholders and the taxpayers, Fannie and Freddie won that battle.
Now the Dodd-Frank Act, which imposed far-reaching new regulation on the financial system after the meltdown, allows the administration to substitute the FHA for Fannie and Freddie as the principal and essentially unlimited buyer of low-quality home mortgages. There is little doubt what will happen then.
As in the period leading up to the 2008 financial crisis, these loans will again contribute to a housing bubble, which will feed on government funding and grow to enormous size.
Since the federal takeover of Fannie and Freddie in 2008, the government-sponsored enterprises’ (GSEs’) regulator has limited their purchases to higher-quality mortgages. Affordable housing requirements Congress adopted in 1992 and the Department of Housing and Urban Development (HUD) administered until 2008 have been relaxed. These had required Fannie and Freddie to buy the low-quality mortgages that ultimately drove them into insolvency and will cause enormous losses for the taxpayers.
The latest regulatory change does not reduce the total losses that taxpayers will suffer from HUD's policies; those losses, estimated at about $400 billion, are baked in the cake. But the higher lending standards now required of Fannie and Freddie should reduce future losses.
Not so for the FHA. While everyone has been watching Fannie and Freddie, the administration has quietly shifted most federal high-risk mortgage initiatives to FHA, the government's original subprime lender. Along with two other federal agencies, FHA now accounts for about 60 percent of all U.S. home purchase mortgage originations. This amounts to more than $1 trillion and is rising rapidly. The administration justifies this policy by saying it is necessary to support the mortgage market, yet borrowers are once again receiving high-risk loans.
The goal of Congress and regulators should be to foster the residential mortgage market’s return to the standards that used to prevail in 1990, before the affordable housing requirements were imposed on Fannie and Freddie. At that time, mortgages required 10 to 20 percent down payments, and were only made to borrowers with good credit and relatively low debt-to-income ratios. When loans of this kind were the standard in the residential mortgage market, we did not have financial crises brought on by the collapse of a housing bubble.
The Dodd-Frank Act, however, exempts FHA and other government agencies from appropriate standards on mortgage quality. This will give low-quality mortgages a direct route into the market once again; it will be like putting Fannie and Freddie back in the same business, but with an explicit government guarantee.
For example, thanks to expanded government lending, 60 percent of home purchase loans now have down payments of less than 5 percent, compared to 40 percent at the height of the bubble, and the FHA projects that it will increase its insured loans total to $1.34 trillion by 2013. Indeed, the FHA just announced its intention to push almost half of its home purchase volume into subprime territory by 2014-2017, essentially a guarantee to put taxpayers at risk again.
What is the answer? The Dodd-Frank Act needs significant amendment, so that it applies quality standards to FHA and other government agencies. This should not seriously impair credit availability for low-income borrowers with good credit. For many years, until it had to compete with Fannie and Freddie for affordable loans, FHA had reasonably good standards for the mortgages it would insure. As late as 1990, only 4 percent of the loans it insured had down payments of 3 percent or less, though by 2008 this number was 44 percent.
Establishing reasonable lending standards for the FHA, while still allowing it to make loans to low-income borrowers, would assure that the agency does not become the unworthy successor to Fannie and Freddie.
Dodd-Frank was badly designed in numerous ways. Many observers have noted that it did not address the government housing policies that caused the financial crisis. A first order of business for the new Congress should be to correct this error by requiring that the FHA and other government mortgage lenders abide by reasonable mortgage lending standards.
SOURCE
***************************
Cure or Care?
Which do you think is less expensive, not to mention preferable: a cure for cancer, Alzheimer's disease and diabetes, or caring for people with these diseases? Wouldn't it be better medical and public policy to direct more resources toward finding a cure for diseases that cost a lot to treat than to rely on a government insurance program, such as Obamacare, which seeks mainly to help pay the bills for people after they become ill?
Isn't the answer obvious? Apparently not to many politicians trapped in an old paradigm that focuses too much on hospitals, doctors and medicines and too little on medical research and preventive care so that people will not need hospitals, doctors or medicines.
The pursuit of cures as a priority is a subject that has been taken up by my colleague James Pinkerton in his forthcoming book entitled "Serious Medicine Strategy" and on his blog at www.seriousmedicinestrategy.org.
It's not that we are failing to fund research to cure diseases that end lives too early. Rather, it is a failure of political leadership to make research a priority in their speeches and policies. Think back more than 50 years ago to when the political and medical communities united and led the public toward a cure for polio and the elimination of the need for "iron lungs." This Herculean effort was the medical equivalent of going to the moon.
Why can't we create a united front to find cures for diabetes, Alzheimer's, cancer and other ailments? Pinkerton believes it's because of "the baneful influence of the Food and Drug Administration and the trial lawyers. If the government would protect the ability of entrepreneurs and scientists to create products without getting sued into oblivion, capital would come pouring into the pharma sector, not only from American investors, but from investors around the world." That's because, he notes, people in Europe and Asia now suffer from the same diseases as Americans.
Republicans, especially, should pick up on this strategy of cures before care. Instead, most Republicans are singularly focused on repealing the president's health care "reform" law. It should be repealed, or at least experience an extreme makeover, but repealing that law doesn't cure anyone of anything. And here's the double benefit that Obamacare claims for itself, which can never materialize. Finding cures for diseases helps people live healthier lives, and it's cost efficient. Look at the money saved from no longer having to treat victims of polio, smallpox and tuberculosis. Imagine the savings when a cure is eventually found for cancer. Plus, the retirement age could be easily raised as older people work longer and live more vigorous, productive (and tax-generating) lives.
What's not to like about any of this? Republican presidential candidates in 2012 -- and a Republican president should the GOP win that election -- could change the direction and content of the entire health care debate, if they fashioned a strategy for going to the "medical moon" by a certain and attainable date. We are close to a cure for some diseases, but far from a cure for others. Let's begin with those closest to a cure.
Ask yourself: would you rather be healthy and fit and live a long life, or be taken care of in your illness by a government health system that sees you as a burden and is constantly trying to reduce care and lower costs? Ask the English, who are currently experiencing the downside to poor care.
The problem is that once a nation has made a wrong turn, it is difficult if not impossible to reverse course. America still has time to make the right choice and move in the direction of cures. Now all we need is the political leadership to point the way.
SOURCE
**********************
Pres. Emptyhead actually believes that the government puts people back to work
When it's actually the biggest obstacle to job creation
This Monday, during his remarks regarding the federal workforce pay freezes, President Barack Obama said, "And I'm going to be interested in hearing ideas from my Republican colleagues, as well as Democrats, about how we continue to grow the economy and how we put people back to work."
He actually believes that the government puts people back to work. Government can transfer wealth from one group to another -- but people and businesses put people back to work. More often than not, the government gets in the way of putting people back to work.
For example, my part-time assistant on Tuesday called a government agency to apply for a government number. She was put on hold for an hour. When she finally reached someone and asked a question, she was transferred to another department, which again put her on hold. She finally had to hang up to go attend to her preschool children.
I'm not sure how more government is going to create more jobs, but I know how government can make it too hard and too costly for people to run businesses.
Obama continued Monday, "Today I'm proposing a two-year pay freeze for all civilian federal workers." He's about two years too late. Most of my friends have had their pay frozen, cut or eliminated during the past two years. Glad Obama thinks it's time for the government to join the rest of us.
If Obama administration officials understood the fundamentals of our country's structure, they would understand that taxes are not the government's revenue -- but the people's expense. President Calvin Coolidge understood this when he said, " I want taxes to be less, so that the people may have more."
More HERE
My Twitter.com identity: jonjayray. My Facebook page is also accessible as jonjayray (In full: http://www.facebook.com/jonjayray). For more blog postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, 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 (Academic) or here (Pictorial) or here (Personal)
****************************
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)
****************************
An all-out attack on employers from the Obamabots
There is some very scary stuff happening inside of Obama’s Department of Labor that should cause you to shudder. As John Fund at the WSJ points, out the Department of Labor is up to no good, as usual.
Labor’s Office of the Solicitor released a plan that has been adopted as the standard operating procedure which highlights just how much DOL and the Obama administration dislike business. DOL is looking at doing the following things to intimidate businesses, as Fund reports:
Patricia Smith, who heads the solicitor’s office, told me in an interview yesterday that the plan is a “living document” that will “never be finalized.” Whatever its status, it includes the following:
• “Identify a public affairs liaison in each Regional Office” to “send stronger, clearer messages to the regulated community about DOL’s emphasis on litigation.”
One tactic to be employed by the department’s Occupational Safety and Health Administration (OSHA) division will be to “deter [employers] through shaming.” Ms. Smith told me she didn’t know what that means. But whatever it might involve, it doesn’t sound appropriate for an agency charged with carrying out the law in an even-handed fashion.
• “Engage in enterprise-wide enforcement.” Ms. Smith said that means targeting multiple work sites of the same company. A department source says it also is likely to involve enforcement agents from the Wage and Hour Division and from OSHA showing up at the same time. The plan also calls for “Imposing shorter deadlines for implementing remedial measures in conciliation agreements and consent decrees.”
• “Engage in greater use of injunctive relief,” which means using court injunctions rather than fines to enforce compliance. The department plan also wants to “identify and pursue test cases” that could stretch the meaning of the law.
DOL is drawing a line in the sand on where they stand with business. DOL is the regulator, and whatever they say goes and if you refuse to go along, you will wish you did.
But it gets worse. While DOL tightens the screws on business and the folks responsible for providing jobs to Americans, they are turning their gaze away from Big Labor, the money sucking, job killing group of thieves:
But while the Department of Labor prepares for a hyper-aggressive enforcement strategy against business, it has rolled back Bush-era reforms mandating greater union transparency. Just this week the department rescinded its Form T-1, which required unions to report on strike funds and other accounts under union control.
The Labor Department is also planning to transfer responsibility for whistleblower investigations from OSHA (which currently has 80 investigators on this beat) to the Office of Labor-Management Standards (OLMS), which oversees union financial integrity. But the Obama administration has severely cut funding and staff for OLMS. There are 187 OLMS investigators, down from 223 last year. With additional responsibilities, the office’s ability to investigate embezzlements and union corruption will be further hindered.
This work is important. Since 2001, OLMS investigations have resulted in 972 indictments for various financial misdeeds, with 905 of them resulting in convictions. As a result, $88 million in restitution was made to rank-and-file union members.
There you have it folks. If you aren’t part of the chosen class, which would be swearing allegiance to a labor union where you can have your paycheck shanghaied each week, then you are at the mercy of the Labor Department.
SOURCE
***************************
How Obama & Co. are Creating Another Housing Bubble
Leftists never learn. They don't want to learn
It is hard to believe, but it looks like the government will soon use the taxpayers' checkbook again to create a vast market for mortgages with low or no down payments and for overstretched borrowers with blemished credit. As in the period leading to the 2008 financial crisis, these loans will again contribute to a housing bubble, which will feed on government funding and grow to enormous size. When it collapses, housing prices will drop and a financial crisis will ensue. And, once again, the taxpayers will have to bear the costs.
In doing this, Congress is repeating the same policy mistake it made in 1992. Back then, it mandated that Fannie Mae and Freddie Mac compete with the Federal Housing Administration (FHA) for high-risk loans. Unhappily for both their shareholders and the taxpayers, Fannie and Freddie won that battle.
Now the Dodd-Frank Act, which imposed far-reaching new regulation on the financial system after the meltdown, allows the administration to substitute the FHA for Fannie and Freddie as the principal and essentially unlimited buyer of low-quality home mortgages. There is little doubt what will happen then.
As in the period leading up to the 2008 financial crisis, these loans will again contribute to a housing bubble, which will feed on government funding and grow to enormous size.
Since the federal takeover of Fannie and Freddie in 2008, the government-sponsored enterprises’ (GSEs’) regulator has limited their purchases to higher-quality mortgages. Affordable housing requirements Congress adopted in 1992 and the Department of Housing and Urban Development (HUD) administered until 2008 have been relaxed. These had required Fannie and Freddie to buy the low-quality mortgages that ultimately drove them into insolvency and will cause enormous losses for the taxpayers.
The latest regulatory change does not reduce the total losses that taxpayers will suffer from HUD's policies; those losses, estimated at about $400 billion, are baked in the cake. But the higher lending standards now required of Fannie and Freddie should reduce future losses.
Not so for the FHA. While everyone has been watching Fannie and Freddie, the administration has quietly shifted most federal high-risk mortgage initiatives to FHA, the government's original subprime lender. Along with two other federal agencies, FHA now accounts for about 60 percent of all U.S. home purchase mortgage originations. This amounts to more than $1 trillion and is rising rapidly. The administration justifies this policy by saying it is necessary to support the mortgage market, yet borrowers are once again receiving high-risk loans.
The goal of Congress and regulators should be to foster the residential mortgage market’s return to the standards that used to prevail in 1990, before the affordable housing requirements were imposed on Fannie and Freddie. At that time, mortgages required 10 to 20 percent down payments, and were only made to borrowers with good credit and relatively low debt-to-income ratios. When loans of this kind were the standard in the residential mortgage market, we did not have financial crises brought on by the collapse of a housing bubble.
The Dodd-Frank Act, however, exempts FHA and other government agencies from appropriate standards on mortgage quality. This will give low-quality mortgages a direct route into the market once again; it will be like putting Fannie and Freddie back in the same business, but with an explicit government guarantee.
For example, thanks to expanded government lending, 60 percent of home purchase loans now have down payments of less than 5 percent, compared to 40 percent at the height of the bubble, and the FHA projects that it will increase its insured loans total to $1.34 trillion by 2013. Indeed, the FHA just announced its intention to push almost half of its home purchase volume into subprime territory by 2014-2017, essentially a guarantee to put taxpayers at risk again.
What is the answer? The Dodd-Frank Act needs significant amendment, so that it applies quality standards to FHA and other government agencies. This should not seriously impair credit availability for low-income borrowers with good credit. For many years, until it had to compete with Fannie and Freddie for affordable loans, FHA had reasonably good standards for the mortgages it would insure. As late as 1990, only 4 percent of the loans it insured had down payments of 3 percent or less, though by 2008 this number was 44 percent.
Establishing reasonable lending standards for the FHA, while still allowing it to make loans to low-income borrowers, would assure that the agency does not become the unworthy successor to Fannie and Freddie.
Dodd-Frank was badly designed in numerous ways. Many observers have noted that it did not address the government housing policies that caused the financial crisis. A first order of business for the new Congress should be to correct this error by requiring that the FHA and other government mortgage lenders abide by reasonable mortgage lending standards.
SOURCE
***************************
Cure or Care?
Which do you think is less expensive, not to mention preferable: a cure for cancer, Alzheimer's disease and diabetes, or caring for people with these diseases? Wouldn't it be better medical and public policy to direct more resources toward finding a cure for diseases that cost a lot to treat than to rely on a government insurance program, such as Obamacare, which seeks mainly to help pay the bills for people after they become ill?
Isn't the answer obvious? Apparently not to many politicians trapped in an old paradigm that focuses too much on hospitals, doctors and medicines and too little on medical research and preventive care so that people will not need hospitals, doctors or medicines.
The pursuit of cures as a priority is a subject that has been taken up by my colleague James Pinkerton in his forthcoming book entitled "Serious Medicine Strategy" and on his blog at www.seriousmedicinestrategy.org.
It's not that we are failing to fund research to cure diseases that end lives too early. Rather, it is a failure of political leadership to make research a priority in their speeches and policies. Think back more than 50 years ago to when the political and medical communities united and led the public toward a cure for polio and the elimination of the need for "iron lungs." This Herculean effort was the medical equivalent of going to the moon.
Why can't we create a united front to find cures for diabetes, Alzheimer's, cancer and other ailments? Pinkerton believes it's because of "the baneful influence of the Food and Drug Administration and the trial lawyers. If the government would protect the ability of entrepreneurs and scientists to create products without getting sued into oblivion, capital would come pouring into the pharma sector, not only from American investors, but from investors around the world." That's because, he notes, people in Europe and Asia now suffer from the same diseases as Americans.
Republicans, especially, should pick up on this strategy of cures before care. Instead, most Republicans are singularly focused on repealing the president's health care "reform" law. It should be repealed, or at least experience an extreme makeover, but repealing that law doesn't cure anyone of anything. And here's the double benefit that Obamacare claims for itself, which can never materialize. Finding cures for diseases helps people live healthier lives, and it's cost efficient. Look at the money saved from no longer having to treat victims of polio, smallpox and tuberculosis. Imagine the savings when a cure is eventually found for cancer. Plus, the retirement age could be easily raised as older people work longer and live more vigorous, productive (and tax-generating) lives.
What's not to like about any of this? Republican presidential candidates in 2012 -- and a Republican president should the GOP win that election -- could change the direction and content of the entire health care debate, if they fashioned a strategy for going to the "medical moon" by a certain and attainable date. We are close to a cure for some diseases, but far from a cure for others. Let's begin with those closest to a cure.
Ask yourself: would you rather be healthy and fit and live a long life, or be taken care of in your illness by a government health system that sees you as a burden and is constantly trying to reduce care and lower costs? Ask the English, who are currently experiencing the downside to poor care.
The problem is that once a nation has made a wrong turn, it is difficult if not impossible to reverse course. America still has time to make the right choice and move in the direction of cures. Now all we need is the political leadership to point the way.
SOURCE
**********************
Pres. Emptyhead actually believes that the government puts people back to work
When it's actually the biggest obstacle to job creation
This Monday, during his remarks regarding the federal workforce pay freezes, President Barack Obama said, "And I'm going to be interested in hearing ideas from my Republican colleagues, as well as Democrats, about how we continue to grow the economy and how we put people back to work."
He actually believes that the government puts people back to work. Government can transfer wealth from one group to another -- but people and businesses put people back to work. More often than not, the government gets in the way of putting people back to work.
For example, my part-time assistant on Tuesday called a government agency to apply for a government number. She was put on hold for an hour. When she finally reached someone and asked a question, she was transferred to another department, which again put her on hold. She finally had to hang up to go attend to her preschool children.
I'm not sure how more government is going to create more jobs, but I know how government can make it too hard and too costly for people to run businesses.
Obama continued Monday, "Today I'm proposing a two-year pay freeze for all civilian federal workers." He's about two years too late. Most of my friends have had their pay frozen, cut or eliminated during the past two years. Glad Obama thinks it's time for the government to join the rest of us.
If Obama administration officials understood the fundamentals of our country's structure, they would understand that taxes are not the government's revenue -- but the people's expense. President Calvin Coolidge understood this when he said, " I want taxes to be less, so that the people may have more."
More HERE
My Twitter.com identity: jonjayray. My Facebook page is also accessible as jonjayray (In full: http://www.facebook.com/jonjayray). For more blog postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, 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 (Academic) or here (Pictorial) or here (Personal)
****************************
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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