Self-Headbang!

I really HATE Google's new blogging program and its war on indenting.  I should have picked it up earlier on but my post below headed "Obama’s secret second term agenda revealed" was made VERY hard to follow by Google's brainless robotical elimination of most of my indenting.  It's not hard to fix by going into the html but you have to notice the problem first and I was rather tired when I put up the posts below.

I presume that Google will fix the bug eventually as it makes absolutely no sense as an intelligent policy.  I have now fixed the indenting in the post concerned.

The media master is on the move again

Should be good for conservatives.  He keeps all his titles right of center



News Corp Chairman and CEO Rupert Murdoch is looking to buy the Los Angeles Times and the Chicago Tribune, two of the country's largest newspapers, from struggling media conglomerate Tribune Co, a source familiar with his plans told Reuters on Friday.

News Corp executives - including Murdoch's son James - flew into Los Angeles twice this month to take a preliminary look at the storied daily's books, said the source, who spoke on condition of anonymity because the meetings were not publicized.

Rupert Murdoch is also eyeing the Chicago Tribune, whose publisher Tribune Co is now trying to exit bankruptcy.

News Corp executives are in early talks with Tribune Co debtholders, including hedge fund Oaktree Capital. The company wants to secure footholds in Los Angeles and Chicago, according to the Los Angeles Times, which first reported the news.

Murdoch has long eyed the LA Times, the newspaper reported. Oaktree declined to comment, while News Corp did not respond immediately to requests for comment.

More HERE

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President Obama's Closing Act: An Epic Collapse

The ongoing collapse of President Obama's campaign may lead to some extraordinary stunts during Monday's last debate, but no matter what he tries, it is very unlikely that the president can reverse the enormous momentum behind Mitt Romney's campaign.

(One data point. Congressman John Campbell, a frequent guest on my radio show, polled his district this week. It is Califronia's 45. John McCain carried it by 4.7 points in 2008. Mitt Romney is almost 20 points ahead in this cycle. Campbell reports that this sort of result is showing up across the country.)

The nation is simply finished with a president whose rhetoric has never been matched by his actions, and whose performance has removed Jimmy Carter from the bottom of the rankings of the modern president.

The president of course has his passionate supporters. These are the same people that spent last Tuesdaynight declaring him the winner of his second meeting with Mitt Romney, and Wednesday and Thursday trying to infuse the word "binder" with game-changing significance.

They are the same people who spent Friday denying that "not optimal" was not a big deal.

"Binder" --big deal. "Not optimal" --no deal at all. That's the state of the Obama campaign: A nearly Orwellian effort at making some words matter and others disappear while facts are pushed aside It hasn't worked. It won't work..

Mitt Romney by contrast followed two very strong debate showings with a wonderful set of remarks at the Al Smith dinner, the third time in two weeks that he has reassured those just tuning into the presidential campaign that he will be a steady and reliable force for good in the Oval Office.

Romney was ready for his close up. This is the primary reasion behind his surge.

And what a surge. Romney was up seven points in Thursday's Gallup tracking poll, and even the very partisan Democratic polling firm PPP has Romney ahead in Iowa and New Hampshire on Friday. The president is hidng from reporters to avoid more Libya questions, and when he hand-picks a safe zone --a comedy show hosted by a huge ally-- he still falls on his face, and not just with the "not optimal" comment but with his doubling down on closing Gitmo.

The market shudders, the quesiness about earnings, the goofy jobs data --all this and more is fueling the growing, now urgent sense of a need for a big change. A U-Turn. And Mitt Romney is the beneficiary.

Every motorist who gases up between now and election day (especially those in California) should recall last Monday's debate and the direct question to the president about gas prices which he refused to answer

SOURCE

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Obama’s secret second term agenda revealed

The Washington Post‘s Ezra Klein has unearthed President Obama’s secret second term agenda. And it should scare the pants off anyone who doesn’t want the U.S. economy to tank this coming January. Klein writes:

I’ve criticized the Obama campaign for failing to detail much of a vision for a second term. But that’s not to say they don’t have one. They do. It’s just a hard one to campaign on.

After promising in 2008 to bring about a new era of cooperation in Washington, they’re campaigning in 2012 knowing that, if reelected, they will start their second term with a brutal, economy-shaking showdown with Republicans over spending and taxes.

If the Obama administration were to really lay out their plans, they would go something like this. In November, President Obama will reiterate, clearly and firmly, that he will veto any attempts to extend the high-income tax cuts or lift the big, dumb spending cuts without finding equivalent savings elsewhere.

That veto threat is the center of the Obama administration’s second-term strategizing. The Obama administration believes – and, just as importantly, they believe Republicans believe — that they’ve got the leverage here. … I’ve called this the GOP’s dual-trigger nightmare. It’s bad for the economy, but it also effectively ends our deficits with a mix of tax increases and spending cuts more progressive than anything any Democrat has dared propose. Republicans absolutely can’t let it happen. But the only way they can stop it from happening is to make a deal.

Obama and Klein are dead wrong: Republicans absolutely can let the fiscal cliff happen. Obama signed every law (either the original legislation or an extension of it), that has created the $500 billion tax hike/$100 billion spending cut fiscal cliff. It’s his economic disaster. He owns it. Why wouldn’t Republicans just love to make him sleep in the bed he made?

More importantly though, when you read Bob Woordward’s excellent new book, The Price of Politics, you can’t help but notice a common theme running through everyone of Obama’s failures.

* On the stimulus, Obama was certain he could get at least one Republican vote. He failed.
* On Obamacare, Obama was certain he could get at least one Republican vote. He failed.
* On the debt limit debate, Obama was certain he could strike a deal with House Speaker Boehner, R-Ohio, that raised taxes. He failed.

In the middle of the debt limit debate, Woodward reports:

“If the goal is to solve the problem,” Obama said, “I don’t understand why we don’t seize the opportunity. It would not violate either party’s positions. Revenues wouldn’t come from a vote. I understand this pledge that all these Republicans have taken.”

The Republicans thought he really didn’t understand at all. The scheme to decouple the middle- and lower-income tax brackets from the higher brackets was a transparent gimmick.

At every turn in his presidency, Obama believes he understands Republicans and can bully them into submission. And at every turn he has underestimated Republican resolve.

If Obama wins reelection he will no doubt try to govern in his second term the exact same way he tried to govern in his first. And he will get the exact same results. In other words, if Obama wins reelection, we are definitely going over the fiscal cliff.

SOURCE

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Obama's 'war on women' canard is not fooling women

When President Obama speaks about women's issues, it's a safe bet he's telling tall tales. When Democrats talk of a "war on women," they are usually waging a war on facts. And women, it seems, aren't fooled.

In 20 seconds on Tuesday night, while discussing women's health during the presidential debate, Obama dissembled twice. First on birth control. Second on Planned Parenthood.

"Gov. Romney feels comfortable having politicians in Washington decide the health care choices that women are making. I think that's a mistake," Obama said. It seemed an odd criticism from a president whose major domestic initiative injects government further into all aspects of health care. But Obama actually was attacking his health law's critics.

"In my health care bill, I said insurance companies need to provide contraceptive coverage to everybody who is insured. Gov. Romney not only opposed it, he suggested that in fact employers should be able to make the decision as to whether or not a woman gets contraception through her insurance coverage."

What is Obama talking about? What is this diabolical Romney plan that would force women to beg their bosses for birth control?

Romney only got a few seconds Tuesday night to rebut that argument: "The president's statement of my policy is completely and totally wrong."

Here's the policy issue: Before last summer, many employer-provided health insurance plans covered birth control. Some covered sterilization. Some covered the "morning-after pill," which may cause abortions by killing a fertilized egg.

Some insurance plans covered 100 percent of the cost of birth control. Some insurance plans required a co-pay on birth control, just as they require on almost all drugs.

But wielding an Obamacare provision on "women's preventive care," Health and Human Services Secretary Kathleen Sebelius imposed a new rule requiring almost all employers to cover every penny of contraception, sterilization and morning-after pills.

That means if you offer health insurance that doesn't cover sterilization, you're breaking the law. If you offer health insurance that covers all contraception, but requires a $5-a-month co-pay, you're breaking the law. If you offer two plans, and the one that covers all contraception and sterilization carries a higher premium, you're breaking the law. Or at least Sebelius' law.

Mitt Romney doesn't think those things should be illegal.

Wages, commuter benefits and vacation time are all matters of negotiation between bosses and the people they want to hire. But if you offer someone a job, and promise to pay them in cash instead of contraception, you're violating Obamacare.

So how do Obama and his surrogates characterize opposition to his mandate? They say Romney wants employers to keep you from getting contraception.

When Republicans proposed a broader conscience exemption to the new mandate last year, Obama's campaign said the GOP was forcing women to get a permission slip from their boss.

The mock permission slip on Obama's campaign website read:  "I have discussed the employee's contraceptive options with her, and I verify that her use of these methods (IS / IS NOT) in agreement with my personal beliefs. The employee (DOES / DOES NOT) have my permission to access birth control pills, intrauterine devices, or any other type of contraception."

At the Democratic National Convention, party-approved podium speeches rolled out this canard. Obama surrogate Sandra Fluke warned that Romney's America would be "an America in which access to birth control is controlled by people who will never use it." Obama fundraiser Cecile Richards, president of Planned Parenthood, said Romney would "end access to birth control."

In the debate Tuesday, Obama was a bit more careful in his misleading talk, but seemingly tried to instill fear that Romney will take away women's contraception, rather than simply get the government out of this one aspect of the employer-employee relationship.

Will Obama next warn that Romney wants to let your boss "make the decision as to whether or not you get Starbucks coffee through your employer"?

Obama's also played loose with the facts while defending federal subsidies for Planned Parenthood. He stated that women "rely on [Planned Parenthood] for mammograms." But Planned Parenthood doesn't provide mammograms.

A federal law requires certificates for operating mammography equipment. When the Alliance Defense Fund, a religious liberty group, requested Food and Drug Administration documentation of Planned Parenthood's licensed mammography facilities, the FDA said it had no record of any certificates.

The notion that Romney and Republicans are waging a "war on women" has always been laughable. Now it appears to be failing: Romney has completely closed the gap among female voters in swing states, according to this week's USA Today poll.  Obama, it seems, didn't believe women could tell when they're being lied to.

SOURCE

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Black bully tries to protect voting fraud



Ranking Member of the House Oversight Committee Elijah Cummings is using intimidation tactics against the voter integrity group True the Vote with AFL-CIO, NAACP and other far left groups following his lead.

On October 4, Cummings sent a letter to True the Vote President Catherine Engelbrecht on official House Oversight and Government Reform Committee letterhead, demanding she turn over documents and training material used by the group for people planning to volunteer as poll watchers on Election Day. Engelbrecht responded to Cummings' request by offering to meet with him in Washington D.C. to explain the mission of True the Vote and to address his concerns.

"I believe we agree on many common goals, such as the right of every American to have the opportunity to participate in a fair and legal electoral process. It was of great concern to me that you had suddenly requested a considerable amount of documentation on the basis of news reports which offered limited balance and an over-simplification of the facts. I find it regrettable that your office did not reach out to True The Vote directly before launching a personal ad-hoc investigation. Election integrity is a serious concern across the nation – the state of Maryland is no exception. In this year alone, as reported by The Washington Post, a federal congressional candidate seeking to join Maryland’s Congressional Delegation was forced to resign from her race by Democratic Party officials after alleged felony double voting was uncovered in her voting history,"

Engelbrecht wrote. "It is both obvious and unfortunate that you are not familiar with all of the details of the mission or methods of True the Vote. This letter serves as an effort to coordinate a convenient meeting time in your Washington, D.C. office, during which I can brief you and your staff about our program and help dispel any misconceptions you may have. In the interim, if you anticipate making any future comments about True the Vote, please do not hesitate to contact me directly so that I may provide you with accurate information. As always, you are welcome to join an upcoming training session before Election Day."

Despite what Cummings implied in his letter, True the Vote doesn't have an obligation to "produce a single document." Cummings is in the minority, lacks subpoena power and has no authority to force True the Vote to hand over anything and therefore, he is resorting to intimidation tactics against True the Vote, its leadership and its members as a result. He is abusing his power on the Oversight Committee by using these tactics, implying he has more power on the Committee than he actually does and is misrepresenting the committee headed not by him, but Chairman Darrell Issa.

More HERE

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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 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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Another Leftist bubble-head  -- at the NYT, no less

Someone named Chrystia Freeland wrote an article about income inequality, making some decent points about cronyism, but also reflexively regurgitating talking points on class-warfare tax policy. What caught my eye, though, was this incredible assertion about government funding of education.

Educational attainment, which created the American middle class, is no longer rising. The super-elite lavishes unlimited resources on its children, while public schools are starved of funding. …elite education is increasingly available only to those already at the top. Bill Clinton and Barack Obama enrolled their daughters in an exclusive private school; I’ve done the same with mine.

So “public schools are starved of funding”? That’s a strong statement. It implies very deep reductions in the amount of money being diverted from taxpayers to the government schools. So where are the numbers?

You won’t be surprised to learn that Ms. Freeland doesn’t offer any evidence. And there’s a good reason for that. As show in this chart, government spending on education has skyrocketed in recent years.



This data isn’t adjusted for inflation or population, but you can peruse this amazing chart put together by one of Cato’s education experts to see that per-pupil spending has skyrocketed even after adjusting for inflation.

In other words, Ms. Freeland has no clue what she’s talking about. Or, to be fair, she made a giant-sized mistake, perhaps because she’s lives in a statist bubble and blindly assumes that left-wing politicians tell the truth.

And it goes without saying that none of the editors or (non-existent?) fact checkers at the New York Times knew enough or cared enough to catch a huge blunder.

SOURCE

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Is there any limit to Leftist reality denial?

The Campaign to Stop Gun Violence must be one of the sickest subsections of the Left

A man who broke into a home near Calera got a surprise Wednesday morning, when he was shot by a 12-year-old girl who was in the home alone.

According to Ladd Everitt and the CSGV, this girl has a 'duty to retreat'.  She locked herself in a closet.  But Ladd and his fellow cultists would still believe she was in the wrong because, when the scum tried to get into the closet, the girl fired through the door, hitting him. And what do the say about that?

"'Using armed violence in any context is flat out wrong..."

Now me personally, I think this girl did everything right. She called her mom (who obviously trained her daughter in the safe use of firearms), called 911, got a gun, went to a safer location and then shot the POS when he kept pursuing. Gun control advocates, however, believe we should trust in the good intentions of a criminal while they're in a home alone with a 12yr old girl.

SOURCE

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A fatal Obama gaffe at Hofstra?

Missed by Romney, missed by the audience, missed by most of the commentariat, it was the biggest gaffe of the entire debate cycle: Substituting unctuousness for argument, Obama declared himself offended by the suggestion that anyone in his administration, including the U.N. ambassador, would “mislead” the country on Libya.

This bluster — unchallenged by Romney — helped Obama slither out of the Libya question unscathed. Unfortunately for Obama, there is one more debate — next week, entirely on foreign policy. The burning issue will be Libya and the scandalous parade of fictions told by this administration to explain away the debacle.

No one misled? His U.N. ambassador went on not one but five morning shows to spin a confection that the sacking of the consulate and the murder of four Americans came from a video-motivated demonstration turned ugly: “People gathered outside the embassy and then it grew very violent and those with extremist ties joined the fray and came with heavy weapons.”

But there was no gathering. There were no people. There was no fray. It was totally quiet outside the facility until terrorists stormed the compound and killed our ambassador and three others.

The video? A complete irrelevance. It was a coordinated, sophisticated terror attack, encouraged, if anything, by Osama bin Laden’s successor, giving orders from Pakistan to avenge the death of a Libyan jihadist.

Not wishing to admit that we had just been attacked by al-Qaeda affiliates, perhaps answering to the successor of a man on whose grave Obama and the Democrats have been dancing for months, the administration relentlessly advanced the mob/video tale to distract from the truth.

And it wasn’t just his minions who misled the nation. A week after the attack, the president himself, asked by David Letterman about the ambassador’s murder, said it started with a video. False again.

Romney will be ready Monday.  "You are offended by this accusation, Mr. President? The country is offended that your press secretary, your U.N. ambassador and you yourself have repeatedly misled the nation about the origin and nature of the Benghazi attack.

The problem wasn’t the video, the problem was policies for which you say you now accept responsibility. Then accept it, Mr. President. You were asked in the last debate why more security was denied our people in Libya despite the fact that they begged for it. You never answered that question, Mr. President. Or will you blame your secretary of state?"

Esprit d’escalier (“wit of the staircase”) is the French term for the devastating riposte that one should have given at dinner but comes up with only on the way out at the bottom of the staircase. It’s Romney’s fortune that he’s invited to one more dinner. If he gets it right this time, Obama’s narrow victory in debate No. 2, salvaged by the mock umbrage that anyone could accuse him of misleading, will cost him dearly.

It was a huge gaffe. It is indelibly on the record. It will prove a very expensive expedient.

SOURCE

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US creates wealth, not poverty

Here's a recent statement frequently suggested by leftist academics, think tank researchers and policymakers: "People were not just struggling because of their personal deficiencies; there were structural factors at play. People weren't poor because they made bad decisions; they were poor because our society creates poverty."

Who made that statement and where it was made is not important at all, but its corrosive effects on the minds of black people, particularly black youths, are devastating.

There's nothing intellectually challenging or unusual about poverty. For most of mankind's existence, his most optimistic scenario was to be able to eke out enough to subsist for another day.

Poverty has been mankind's standard fare and remains so for most of mankind. What is unusual and challenging to explain is affluence – namely, how a tiny percentage of people, mostly in the West, for only a tiny part of mankind's existence, managed to escape the fate that befell their fellow men.

To say that "our society creates poverty" is breathtakingly ignorant.

In 1776, the U.S. was among the world's poorest nations. In less than two centuries, we became the world's richest nation by a long shot. Americans who today are deemed poor by Census Bureau definitions have more material goods than middle-class people as recently as 60 years ago.

Dr. Robert Rector and Rachel Sheffield give us insights in "Understanding Poverty in the United States: Surprising Facts About America's Poor" (Sept. 13, 2011). Eighty percent of poor households have air conditioning. Nearly three-fourths have a car or truck, and 31 percent have two or more. Two-thirds have cable or satellite TV. Half have one or more computers. Forty-two percent own their homes. The average poor American has more living space than the typical non-poor person in Sweden, France or the U.K.

Ninety-six percent of poor parents stated that their children were never hungry during the year because they couldn't afford food. How do these facts square with the statement that "our society creates poverty"? To the contrary, our society has done the best with poverty.

Maybe the professor who made the statements about poverty – who, by the way, is black – was thinking that it's black people who have been made poor by society.

One cannot avoid the fact that average black income today is many multiples of what it was at emancipation, in 1900, in 1940 and in 1960, even though average black income is only 65 percent of white income.

There is no comparison between black standard of living today and that in earlier periods. Again, the statement that "our society creates poverty" is just plain nonsense.

What about the assertion that "people weren't poor because they made bad decisions"?

The poverty rate among blacks is 36 percent. Most black poverty is found in female-headed households, but the poverty rate among black married couples has been in single digits since 1994 and stands today at 7 percent.

Today's black illegitimacy rate is 72 percent, but in the 1940s, it hovered around 14 percent. Less than 50 percent of black students graduate from high school, and most of those who do graduate have a level of academic proficiency far below that of their white counterparts. Black men make up almost 40 percent of the prison population.

Here are my several two-part questions: Is having babies without the benefit of marriage a bad decision, and is doing so likely to affect income? Are dropping out of school and participating in criminal activity bad decisions, and are they likely to have an effect on income?

Finally, do people have free will and the capacity to make decisions, or is their behavior a result of instincts over which they have no control? As a black person, I'm glad that the message taught to so many of today's black youths wasn't taught back in the 1930s, '40s and '50s, when the civil rights struggle was getting into gear. The admonishment that I frequently heard from black adults was, "Be a credit to your race."

 SOURCE

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Japan has a navy too

Admiral Togo (1905) is not forgotten as China's navy becomes aggressive.  Interestingly, when Togo led the eradication of the Russian navy in the straits of Tsushima, it was Togo's flagship that led the action, thus receiving more enemy hits than any other Japanese ship.  The Japanese are real warriors

On Sunday, Japan marked the 60th anniversary of the Maritime Self-Defense Force with a major naval exercise. Some 45 ships and 8,000 sailors - including state-of-the-art destroyers, hovercraft able to launch assaults on rough coastlines and new conventionally powered submarines - took part in Fleet Review 2012. About 30 naval aircraft, mostly helicopters, and warships from the US, Singapore and Australia also participated. Observers from 20 countries, including China, watched the maneuvers.

Surprising even military officials, Prime Minister Noda's address to the sailors and soldiers included an expression - "more strenuous efforts and hard work "(isso funrei doryoku) -- used by Admiral Togo of the Japanese Imperial Navy in the Russo-Japanese War in 1905. The prime minister also took the unusual step of including in his speech the Five Mottos that have been recited by Japanese naval cadets since before World War II. The five mottos concern sincerity, discipline and hard work.

"The security environment surrounding our nation has become more difficult than ever before," Mr. Noda told the troops on the destroyer JS Kurama. "We have a neighbor that launches missiles disguised as satellites and engages in nuclear development. We are facing various disputes related to territory and sovereignty." The prime minister was wearing a tailcoat, the designated garb for top civilian government officials at formal military ceremonies.

The prime minister's office denied that the remarks included references to past days of glory for the Japanese navy.

The Japanese naval force is one of the best in the world. Defense of the homeland is its primary mission. Thus, when seven Chinese naval forces passed through Okinawa prefecture's waters today, a Maritime Self-Defense Force aircraft tracked them, not a coast guard unit. The Chinese ships were said to be returning from exercises west of Japan.

Three points are worth noting. Japanese Fleet Reviews occur every three years, according to the Defense Ministry, but the size of the exercise with allied participation makes a statement that Japan has the capabilities to defend its island claims and will not back down in a confrontation with Chinese naval ships. In such a confrontation, Japan would win handily, provided the location was beyond the reach of Chinese land-based air support.

The second point is the Chinese are training east of Japan in the Pacific Ocean. This is not new but it is a reminder that Chinese naval goals reach beyond the nearest island chain, extending far into the western Pacific to Guam.

The third point is a reminder that Japan had a world-class navy when China was being occupied by foreign legations. It maintained that navy from 1905 until Pearl Harbor without a regional challenger. It has the capability to restore that navy. No one will thank China or North Korea if Japan decides to rebuild its navy in order to protect itself. China and its proxy North Korea are sowing the wind…

SOURCE

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ELSEWHERE

Society as an organic body:  "Karl Marx, in his posthumously published work Grundrisse identified his view of humanity very clearly. Humanity is an organic whole (or body). People aren’t individuals but the cells of this organic entity whose development and maturation Marx tried to chronicle in his works. When you have an organic body you are looking out for, if some part of this body is faltering, another part may need to be called upon or sacrificed so as to help mend it."

Veritas Non Grata Est:  "It seems to me after long experience that people in general don’t really want the truth. They only want that which comforts them. They have no desire to actually be right -- only to feel right. And this is, after all, the only reason government and politics exist in the first place."

Stupid Leftist teenager:  "A 19-year-old Pennsylvania councilman reportedly remains behind bars after allegedly stealing Mitt Romney campaign signs and damaging a farm field. The Express-Times reports that Alburtis Councilman Kyle A. Bower was arraigned Wednesday on charges stemming from the Oct. 3 incidents and sent to Lehigh County Prison. A judge set Bower’s bail at $5,000, but the teenager won’t be released from custody even if he posts it due to a probation violation. Bower, a Democrat less than a year into his first borough council term, is on probation after pleading guilty to escape and stalking charges on Jan. 4, the same day he took the oath of office, the newspaper reports."

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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 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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The triumph of spin

On the stump and in the recent debates, the president has been taking credit for things that are symptoms of a bad economy and touting them as major accomplishments.

Obama boasts that illegal immigration is the lowest it's been in decades, but he leaves out that, in the words of the Associated Press, "Much of the drop in illegal immigrants is due to the persistently weak U.S. economy, which has shrunk construction and service-sector jobs attractive to Mexican workers following the housing bust." Indeed, Census data shows that many Mexican immigrants, legal and illegal, are heading home because they think the opportunities will be better south of the border.

Obama boasted at the Fordham debate Wednesday night that his policies "lowered our oil imports to the lowest levels in 16 years." And it's true they're the lowest in 16 years.

One reason for that is an explosion in domestic oil production on private lands thanks to the technological breakthrough of hydraulic "fracking," an industry the Obama administration has been slowing down with increased regulations. This is the biggest driver of the decline in net oil imports, and President Obama has no business taking credit for it. Fossil fuel production on federal lands, notes economist Mark Perry, hit a nine-year low in 2011, and crude oil production dropped 14 percent on federal lands -- the biggest decrease in a decade.

And, to be fair, another reason for the decline is the longstanding trend of increasing energy-efficiency standards, which Obama supports. Energy expert Jeff Miller writes at the Energy Collective website, that a whopping 1 percent of the total reduction in petroleum consumption can be chalked up to such measures. (Increased efficiency standards for cars, a frequent talking point for Obama, accounts for precisely 0 percent of the decline, according to Miller).

And then, of course, there's the unemployment rate. When the statistically odd drop in the unemployment rate for September was announced earlier this month, the president raced around the country celebrating the fact that we'd finally dropped below 8 percent unemployment. And you can hardly blame him.

But the reality is that the unemployment rate is only as "low" as it is because millions of Americans have given up looking for work. If you give up looking for work, you're no longer counted as part of the labor market. In other words, if everyone just gave up hope of finding a job, the unemployment rate would be zero!

The actual state of the labor market is miserable. More than 12 million Americans are out of work, and that number becomes 23 million if you include people who've stopped looking or can't find full-time work. The labor participation rate is the lowest it's been since the recession of 1981.

A few months ago, I wrote a column on how there were some silver linings to the dark cloud of a lousy economy, on the grounds that bad times often encourage good habits. Americans have been paying down their debts, building up their savings and having their tattoos removed -- all thanks in part to the bad economy and the financial crisis of 2008.

But there's something distinctly creepy about looking at the symptoms of a lousy economy and preening how you meant to do that.

SOURCE

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Show vs. Substance



It was Clausewitz, the military strategist, who famously defined war as politics by other means. Politics in turn could be defined as history determined by other means. For each present political choice tends to come with its own view of the past. It would be hard to find a better example of that tendency than Tuesday night's presidential debate, which was not only a clash of candidates but of pasts. Which explains the competing narratives on display as Barack Obama and Mitt Romney came out of their respective corners and started swinging, each presenting a different past. You pays your money, or rather you cast your vote, and you takes your choice.

Our once and, he surely hopes, future president had a lovely past to narrate -- the story of a great young president who, after the worst economic downturn of this still young century, the worst since the Great Depression, set America aright during the past four years, lifted the economy out of this Great Recession, and put us on this golden course we're enjoying now, getting better every day in every way as we proceed with this Great Recovery.

Now that's the way to write history, or at least rewrite it.

The president's is a beautiful story, grand and uplifting, sweeping and inspiring, complete with brave hero and happy ending. Welcome to the Land of Hope and Change, where history is made to order before your eyes. (Pay no attention to that man behind the curtain.) In the president's telling, the past four years acquire a roseate glow.

Sound familiar? Isn't that the way we all see it? If not, maybe the rest of us just experienced a different four years. That doesn't mean the president is lying -- he may just have a different perspective. Maybe he had a better four years than the rest of us.

It was left to the president's challenger to spoil the story by introducing a few of those dull, gray facts that can drain the color from even the brightest of fancies. Mitt Romney had more than a few such details to relate. The man is a glutton for data, spreadsheets, stats, graphs, percentages ... you'd think he was some kind of investor, mainly the successful kind, an expert at turnarounds and reorganizations who now wants to turn around the whole, gigantic enterprise and experiment called the United States of America.

The man rolls out facts and figures like a pocket calculator, flooding the conversation with them, as if he were out to transform the historical romance his opponent has just produced into a tragedy by the numbers:

"Well, what you're seeing in this country is 23 million people struggling to find a job. And a lot of them, as you say, Candy, have been out of work for a long, long, long time. ... We have fewer people working today than we had when the president took office. If the unemployment rate was 7.8 percent when he took office, it's 7.8 percent now. But if you calculated that unemployment rate, taking back the people who dropped out of the workforce, it would be 10.7 percent....

"There are 3.5 million more women living in poverty today than when the president took office. ... How about $4 trillion of deficits over the last four years, $5 trillion? ... Women have lost 580,000 jobs. That's the net of what's happened in the last four years. ... An economy with 50 percent of kids graduating from college that can't find a job, that's not what we have to have....

"President Obama was right, he said that that was outrageous, to have deficits as high as half a trillion dollars under the Bush years. He was right, but then he put in place deficits twice that size for every one of his four years. And his forecast for the next four years is more deficits almost that large. ... He said that by now we'd have unemployment at 5.4 percent. The difference between where it is and 5.4 percent is 9 million Americans without work. I wasn't the one that said 5.4 percent. This was the president's plan. Didn't get there."

"He said he would have by now put forward a plan to reform Medicare and Social Security, because he pointed out they're on the road to bankruptcy. He would reform them. He'd get that done. He hasn't even made a proposal on either one. He said in his first year he'd put out an immigration plan that would deal with our immigration challenges. Didn't even file it.

"This is a president who has not been able to do what he said he'd do. He said that he'd cut in half the deficit. He hasn't done that, either. In fact, he doubled it. He said that by now middle-income families would have a reduction in their health insurance premiums by $2,500 a year. It's gone up by $2,500 a year. ... When he took office, 32 million people were on food stamps. Today, 47 million people are on food stamps. How about the growth of the economy? It's growing more slowly this year than last year, and more slowly last year than the year before...."

Enough. Enough! The president's story was better. This one hurts. Give us Barack Obama's version of the past four years any time. What a pity it doesn't exist outside his theater of the mind, a mind so fine that an unpleasant fact never penetrates it. We the People could listen to this president all day -- if only we didn't have to live in an economy that seems strangely different from the one on his beautifully appointed stage.

But what evidence is there that Mitt Romney would do any better? Well, his record as a successful governor of Massachusetts does, and the successful turnarounds he oversaw at Bain Capital, as well as the success he made of a deeply troubled Olympics. But this is a whole, vast country -- with the biggest economy in the world. Turning around an ocean liner would be child's play compared to turning around the American economy. Why would Mr. Romney's plan turn out any better than the president's? Answer us that. And he did Tuesday night:

"You might say, 'Well, you got an example of when it worked better?' Yeah, in the Reagan Recession where unemployment hit 10.8 percent. Between that period -- the end of that recession and the equivalent of time to today, Ronald Reagan's recovery created twice as many jobs as this president's recovery."

The Gipper did it by making tough decisions, risking rather than courting the bubble Popularity, and setting the American economy on one of its longest, most sustained periods of growth in American history. Point made.

But can Mitt Romney do as well as Ronald Reagan at getting us out of our economic malaise? There's one way to find out: Give him the chance, the opportunity. That's really the theme of his campaign anyway: Opportunity. As in the Land Of. As for the incumbent, it's pretty clear what he offers. Sadly clear from the history of the last four years, the real one.

Who won Round Two of this year's presidential debates Tuesday night? The verdict isn't as clear as it was after Round One, when Mitt Romney was his usual businesslike self and Barack Obama seemed to be somewhere else. But this time the president was back at the top of his game, and it was good to see him there. Ah, if only the future of the country were a game.

It was a good, hard-fought match. And quite a contrast in styles. While the president jabbed and feinted, Mr. Romney gave his usual power-point presentation, as if preparing us for a quiz the next morning. (Oh, what fun!)

He went down his five-point list of what he'd do in the Oval Office: Ramp up energy production of all kinds. Expand trade, especially in this hemisphere. Crack down on the way China, the Communist one, has been cheating when it comes to trade. Balance the government's budget and, perhaps most of all, encourage small business instead of taxing and red-taping it to death.

Given my many biases (free markets and a free press in a free country, just to start with), I imagine I'd be mighty critical of the president's agenda for the next four years. But I can't be, not in good conscience. Given the evidence of Tuesday night's debate, he doesn't have one.

Oh, yes, who won the bout? That's easy: Candy Crowley. Of course, she had an unusual advantage. She was supposed to have been the referee.

SOURCE

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Banks Punished For Central Bank and Political Errors

In recent decades politicians have increasingly followed the Keynesian prescription of economic growth through continued government borrowing and the creation of undreamt of amounts of fiat money by central banks. To facilitate this process, the larger commercial banks have acted as the central banks' de facto distribution system, and as a result have grown ever larger while accepting progressively greater risks.

In 2008, potential catastrophe loomed as the entire international financial system was challenged with collapse. But, as the 'darlings' of the central banks, the "too big to fail" banks were saved  by taxpayer bailouts so that they could continue to play their role in the stimulus engine. But as a result of these distortions, the environment for those banks outside of the exclusive "too big to fail club" has been increasingly challenging. In the United States, the financial services industry is changing radically and many fear that the days of U.S. dominance will be coming to an end.

Public ire resulting from the 2008 financial crisis largely missed politicians and central bankers and landed squarely on "Wall Street." As a result, bankers have become easy political targets. Increased regulation of the banking sector has become the rallying cry for the political left.

In addition to direct assaults on the banks, the ill-designed 2010 Dodd-Frank financial overhaul law has raised considerably the cost of entry to small entrepreneurial financial companies. Already, it is forcing the business of smaller financial companies offshore to the benefit of other countries.

Daniel Tarullo, an influential executive at the Federal Reserve Board, has suggested curbing bank growth by demanding a limit on the non-deposit liabilities of banks. Too often, short-term debt comprises the majority of these liabilities and is a source of potential vulnerability in a credit crunch. Meanwhile, some politicians have urged higher capital requirements in order to curb increasing bank size. Even ex-bankers such as Sandy Weil who led the lobbying effort to abolish the Glass-Steagle Act are now calling for its effective restoration. As a result, many corporations are deciding to leave the banking sector.

Companies for whom banking services provide an added benefit to their non-bank clients are fearful of the threat of increased capital requirements and of new, as yet to be clarified, Federal Reserve banking regulations. As such, it is a classic example of how excessive and uncertain regulations are hurting American business and employment. A specific example is that of tax preparation firm H&R Block. Years ago the company launched a service that provides some banking services to its customers. Recently they re-evaluated that strategy and have engaged advisors Goldman Sachs to help them "evaluate strategic alternatives." In other words, they are looking to shed the unit.

Those large banks that remain, firmly entrenched and supported by government guarantees, see little reason to provide cost effective services for retail clients. Most people with bank accounts in the United States will likely agree that in recent years banking fees have gone up while the level of service has gone down. This has resulted in private enterprise proposing innovative solutions. Recent moves by retail giant Walmart provides one example.

The Federal Deposit Insurance Commission (FDIC) pointed out some weeks ago, some 51 million Americans are "under banked". Worse, about 17 million are "unbanked". This implies a massive potential need for banking services for individuals at the lower end of the socio-economic spectrum. Many such Americans do a great deal of their shopping at Walmart, which purveys a wide variety of merchandise at extremely low prices.

To provide a service to these potential customers, Walmart has announced an agreement with American Express to issue a prepaid debit card entitled 'Bluebird'. This will enable less well-off consumers to purchase products from Walmart without surrendering their paychecks to a bank, thereby exposing themselves to high banking fees, or to put their purchases on conventional credit cards, which are notorious for high fees. As the service involves no extension of credit, Bluebird should provide cost effective service to the poor while involving no financial risk to either Walmart of American Express.

While Walmart's efforts may be timely and successful, the move will not reverse the fading glory of the U.S financial services sector. In order to perpetuate its system of massive money distribution, the Fed has insured that American banking will become as competitive domestically and globally as American manufacturing, which is to say, not at all.

SOURCE

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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 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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Newsweak bites the dust

The penalty of aiming at a Leftist audience only.  Rupert  Murdoch has something for everyone and his outlets prosper.  How rigid most of the American media must be to leave half of the market to Mr Murdoch.

But still -- it's nice to see a lot of Leftist journalists out of a job.  Maybe they can get a job at the NYT.  Whoops!  They've been cutting back too

Newsweek has announced that it is going digital only, bringing an end to the magazine’s 79 year history in print.

The magazine’s editor Tina Brown said that due to the ‘challenging economics of print publishing’ it has decided to become an Internet only publication .

She admitted that saying goodbye to the ‘romance’ of the printed word was hard but the status quo could not continue.

Staff have been warned there will be redundancies ahead of the final edition on December 31.

The decision brings to an end the the publication of a magazine which was founded in 1933 with financing from the son of industrialist Andrew W. Mellon.

It has been one of the longest running magazines in American history, but in recent years it has struggled with declining advertising revenues.

In 2010 Newsweek merged with news and culture website The Daily Beast and last year the print edition underwent a redesign in the hope of bringing in more readers.

The new digital version of Newsweek, which will be called Newsweek Global, will be available on the web and e-reader and tablet format on a subscription only basis, with some content made free.

SOURCE

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Obama at Hofstra: Relatively Alert, Ergo Big Winner

Ann Coulter

The best question at the second presidential debate came from Michael Jones, an African-American who said: "Mr. President, I voted for you in 2008. What have you done or accomplished to earn my vote in 2012? I'm not that optimistic, as I was in 2008. Most things I need for everyday living are very expensive."

To which Obama said: "Are you my half-brother?"

Actually, all Obama could say was that he had ended the war in Iraq (while pointlessly escalating the war in Afghanistan) and that Osama bin Laden is dead (and so is our ambassador). Both of which must be a great comfort to Mr. Jones as he tries to pay his bills every month.

Jones was right: Since Obama has been president, everything you own -- your home, pension, savings accounts, weekly paychecks -- are all worth less.

Meanwhile, everything you need -- gas, food, and anything else that requires fuel to be transported to you -- costs more.

Obama can't talk his way out of his record. As Romney said in response to the president's allegation that he is gung-ho about drilling for oil to lower fuel prices: "But that's not what you've done in the last four years. That's the problem."

Obama also suddenly announced: "I'm all for pipelines. I'm all for oil production." But he vetoed the Keystone pipeline.

He explained that the price of gasoline was $1.80 when he took office because the economy was in the toilet. Apparently, prices have spiked to more than $4 a gallon because all Americans are back at work now and making big bucks!

Obama said the "most important thing we can do is to make sure that we are creating jobs in this country."

So now he's going to create jobs? Because, nearly four years into his presidency, 23 million Americans are out of work and more than half of recent college graduates can't find a job.

He claimed to believe that we should reward "self-reliance," "individual initiative" and "risk-takers." And yet, a few months ago, he ridiculed these self-reliant risk-takers for thinking they were "just so smart," sneering "if you've got a business, you didn't build that. Somebody else made that happen."

Obama said we have to be "serious about reducing the deficit," calling it "a moral obligation to the next generation." But he's increased the deficit by $5 trillion -- more in four years than President Bush did in eight.

He also said he supported cutting corporate taxes. But only in odd-numbered years that don't start with "2."

The media will lie and say Obama won the debate -- he has stopped the bleeding, he's drawing huge crowds, the momentum is back! But as Romney said in response to many of Obama's promises Tuesday night, "I don't think the American people believe that."

The trend is set and Obama's voters are moving away from him in droves. People can see that Obama has to go to college campuses, the David Letterman show and "The Daily Show" to get a friendly audience these days. Even Lindsay Lohan is for Romney.

The media's campaigning for Obama isn't fooling Americans; it's just making Obama's obtuseness worse. If you're behind at halftime, you don't go to the cheerleading squad to ask what you're doing wrong.

Absolutely nothing! You're perfect! Don't change anything!

But we're behind by 7 points ...

You're great! You're the best team ever!

With Obama unable to compete in a fair fight, debate moderator Candy Crowley had to become Obama's wingman, injecting herself into the debate by declaring Obama the winner on the question of whether he had called the Benghazi attack an act of terror the day after the attack. Only after the debate, when everyone had gone home, did Crowley admit that Romney was right on Libya.

(If Obama called the Benghazi attack an "act of terror" in his Rose Garden speech, then he also said the victims of that attack were buried in the "hallowed grounds of Arlington Cemetery" and that he had visited them at Walter Reed -- other comments in that speech not specifically referring to the Benghazi attack.)

Crowley stopped Romney from talking about Fast and Furious on the grounds that it had nothing to do with guns. She didn't take a single question on Obamacare -- the universally loathed monstrosity that fueled the 2010 Republican landslide and continues to be a thorn in America's side.

In the media room, journalists cheered Obama's cheap shot about Romney being rich, according to The Washington Times. Say, who did the Democrats run for president right before Obama? That would be the richest man in the U.S. Senate, John Kerry. But liberals believe Kerry acquired his fortune more honestly than by building businesses and creating jobs. He married a rich woman.

For all the media cheerleading, millions of Americans still know they're out of work. They know, as Michael Jones noted, that everything is more expensive, including even-handed moderators.

SOURCE

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Obama-Biden: Playing the Liar Card

Within the first few minutes of the second presidential debate, Obama said "not true" more times than Lance Armstrong, Mark McGwire and Baghdad Bob -- combined.  Sure beats talking about the economy.

President Obama scored a big victory over Mitt Romney with this week's cover story in Time magazine: "Who is Telling the Truth?" How is this a victory for Obama? The silliness of sending out surrogates to call Romney a "liar" has become a Big Media Issue in 2012.

Breaking news: Almost all politicians obfuscate, sometimes shading or altering positions as political winds shift and even completely changing positions. Sometimes they admit changing positions (Obama on gay marriage). Sometimes they change while denying any change (Romney initially asserting that RomneyCare could and should be a "model" the federal government "can learn from").

Time magazine asks, for example, did Romney tell the truth when he accused Obama of saying that "if Congress approved his plan to borrow nearly a trillion dollars, he would hold unemployment below 8 percent." No, that's "misleading," Time tells us. "Obama never said that, but before he took office, two of his economists predicted that a large stimulus might have that effect."

Huh?  OK, Obama himself never said that, but he has acknowledged his top economic advisors did. The statement therefore reflected the goals and expectations of the Obama administration. Is it "misleading" to say "Obama said" -- as opposed to "his top economic advisors predicted"?

How many times did the "Bush Lied, People Died" crowd accuse "Bush" or "the Bush administration" of warning about a "mushroom cloud"? Bush never said that. The speaker was then-National Security Advisor Condoleezza Rice. Is it a "lie" to say that those words were "said" by Bush? Or was the Rice statement a reflection of the administration's view that Iraq represented -- to use Bush's actual words -- a "grave and gathering danger"?

Where was truth-busting, fact-checking Time magazine during one of the most scurrilous attacks on a sitting president -- that President George W. Bush "lied" us into the Iraq War?

Accusers included Sen. John Kerry, D-Mass., who voted for the war, then turned against it, saying the Bush administration "intentionally misled the country into war." Senate Majority Leader Harry Reid, D-Nev., shamefully called Bush "a loser" and "a liar." He apologized for the loser part, but allowed "liar" to stand. The late Sen. Ted Kennedy, D-Mass., said, "Week after week after week we were told lie after lie after lie." These are party leaders -- not a couple of beer-guzzlers holding up hand-painted signs at an Occupy rally in Zuccotti Park.

Now, what about the word "liar" -- and Vice President Joe Biden?

During his only debate, Biden denied voting for the "two wars on a credit card" (Obama's words) that supposedly contributed to the recession. Biden said: "And, by the way, they talk about this Great Recession if it fell out of the sky, like, 'Oh, my goodness, where did it come from?' It came from this man voting to put two wars on a credit card, to at the same time put a prescription drug benefit on the credit card, a trillion-dollar tax cut for the very wealthy. I was there. I voted against them (emphasis added). I said, no, we can't afford that."

Biden voted for the authorization for both the Afghanistan and Iraq wars. About Iraq, Biden said in 2002, "If we wait for the danger to become clear, it could be too late," and, "We must be clear with the American people that we are committing to Iraq for the long haul; not just the day after, but the decade after."

Can we call liberal pundits "liars" when they claim the idea for an individual mandate came from the conservative Heritage Foundation?

Stuart Butler, Heritage's director of the Center for Policy Innovation, recently wrote: "Is the individual mandate at the heart of 'ObamaCare' a conservative idea? Is it constitutional? And was it invented at The Heritage Foundation? In a word, no. ... And make no mistake: Heritage and I actively oppose the individual mandate (emphasis added). ... The confusion arises from the fact that 20 years ago, I held the view that as a technical matter, some form of requirement to purchase insurance was needed in a near-universal insurance market to avoid massive instability. ... My idea was hardly new. Heritage did not invent the individual mandate."

The dictionary describes a "liar" as someone who intends to deceive. But to paraphrase economist Thomas Sowell, today the word "liar" means a conservative who is winning an argument with a liberal.

SOURCE

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Economic  Growth is good

Although some people look out from their centrally heated balconies, with their bathroom cabinets full of modern medications, and their refrigerators full of well- preserved nourishing foods, and affect to despise growth, growth fills life with more opportunities, not just material ones.

There is a certain temperament which dislikes progress because it is emblematic of change and struggle. They share the Elysian dream of Tennyson's Lotos Eaters for peace and contentment: "Is there any peace in ever climbing up the climbing wave?"

Such people disdain economic growth and advocate instead a contented life which does not seek to improve its lot. In fact some important studies on happiness suggest that it comes with the prospect of improvement rather than with a comfortable standard of living.

Adam Smith spoke of "The uniform, constant, and uninterrupted effort of every man to better his condition," and it applies equally to women. People are motivated to better their lot, and it is partly from this drive that large numbers of us do not now live near starvation and at the mercy of bad harvests and crop failures. We have learned how to generate surpluses that can tide us through bad times, and which can offer us greater opportunities than previous generations could conceive of.

We use wealth to invest in creating more wealth in the future. This is what economic growth is. It has enabled us to afford an improved diet, sanitation, clean water, education, healthcare, better transport, and has given us the means and the leisure to cultivate the arts.

There are those who say that enough is enough, without making clear why it is today's standard which is enough, rather than that of 50 years ago or of 50 years hence. Some suggest we are using up the Earth's resources, even though our ability to access new sources seems to increase faster than our use of them, which is why the price of most of them has fallen in real terms. Others suggest that we cannot produce sufficient energy to fuel more growth,even though recent technological innovation in gas extraction has increased the available reserves by decades, if not a century or more.

Growth means a higher standard of living. It means better and smarter goods and services. It means one generation having access to the choices that only the very rich of the previous generation could afford. Growth offers the chances of more leisure, of self-improvement, of raising the standards of education. It is what brings to millions the chance of a better life.

SOURCE

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Free ObamaPhone: Facts and Fiction

It automatically rejects calls from people with a different opinion.

Every time you take a picture, it produces a grimmer image of America.

It doesn't have a plan; it just keeps telling you how bad the other guy's plan is.

When it crashes, it blames your previous phone.

All 3 AM calls go directly to voicemail.

It has a really useless app called "Biden."

Pairing it with another device sucks all the energy out of the other unit.

Type in "job search" and it gives you directions to the welfare office.

The navigation feature covers all 57 States.

The default ringtone for international calls is "I'm sorry, so sorry, please accept my apology."

The healthcare app downloads and installs itself without your permission.

When you make a call, a teleprompter pops up to help you speak.

Restaurant reviews are all written by Michelle Obama.

There are never any winners on Angry Birds.

Instagram takes two months to process a photo and you have to fill out 3 PDFs to do so.

Paypal app is replaced with ReceivePal app.

You can't find "Jerusalem" on Google maps.

It turns all your Facebook friends into enemies and all your enemies into friends.

Don't want to work? There's an app for that, too.

It automatically bows down to phones made by foreign companies.

When you watch a YouTube video, a US ambassador gets killed.

When you dial "home", it calls Kenya.

As opposed to the iPhone, it's called the mePhone.

 SOURCE

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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 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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Some current American Fascism

It could happen to any conservative.  Remember:  Fascism is Leftist

One man’s tropical paradise is another man’s prison. Imagine being “stuck” on Oahu. I’m sure you could think of worse situations, but really stop and think about the following true and evolving situation. You’re a “normal” 34 year-old guy, live on the U.S. mainland in Gulfport, Mississippi, and recently married a woman who is a lieutenant in the U.S. Navy stationed in Okinawa.

You’re a citizen of the United States and possess a valid U.S. issued passport. You’re not a criminal and have no history of felony or misdemeanor convictions.  In fact, you recently passed a background check to own and carry a firearm in Mississippi. You are, however, an outspoken patriot for the United States Constitution.

You miss your bride of eight months, and decide to fly to Okinawa to visit her. Because you are the “dependent” of an active duty member of the U.S. military, you make arrangements to fly from San Francisco to Okinawa on a military aircraft. You must still have a ticket, pass the screening procedures similar or even more stringent than those flying on normal commercial airlines. After the screening at the airport, you board the plane and settle in for your flight, counting down the hours until you are reunited with your wife.

The plane lands in Hawaii as scheduled for refueling and maintenance. It is here, after re-boarding the aircraft, that two heavily-armed military guards confront you and tell you that you must leave the plane. They take you to a small room at the military base and advise you that you are on the U.S. “No-Fly”  list. You’re not under arrest, but you’re not free to go until they decide what to do with you. You watch as your plane, as well as your hopes of seeing your bride vanish into the air while under the careful watch of two heavily armed military police officials.

What’s going on?

As you sit in a small room, thoughts race through your mind. Why am I here? It must be some mistake. I’ve committed no crime. Like any “normal” American, You expect the matter to be resolved as there must be some mix-up. Then, an official with the Customs and Border Enforcement arrives and tells you that there is no mix-up. The official rattles off your name, date of birth, social security number and complete identifying information. It’s you alright, and you are officially on the “No-Fly” list.

“How did you get on that plane?” asks the Customs and Border Enforcement official. You reply that you had a normal ticket, passed through the screening process and boarded the plane normally and without incident. You are told that you should not have been permitted to fly. Again, you are on the “No-Fly” list. You reply that there has to be a mistake, and are met with the stern reply of the official: there is no mistake.

You then ask why you are on the “No-Fly” list and are told that you are not permitted to know. At this point, they tell you that you are free to go, but you cannot fly anywhere by orders of the United States government. And there you are, in “paradise” but unable to leave.

The above events took place on October 14, 2012. The victim in this case is one Wade Hicks, Jr., 34, a U.S. citizen and resident of Gulfport, Mississippi. I personally checked him out and verified his story. With his permission, I conducted a “basic” background check of Mr. Hicks, Jr. He has no criminal record. He is not a “wanted” man. By all normal and visible accounts, Mr. Hicks, Jr. appears to be a law abiding member of society. I did find, however, that he is an outspoken “patriot” and openly critical of the NDAA. He is a former talk-show host of a small, local radio station known for its “patriotic bias.” He is a member of “Patriots for America” and the Mississippi Preparedness Project. He is openly vocal about the erosion of our rights - and it certainly looks like he has been proven correct. Is that now a crime worthy of being denied the ability to travel freely within the United States?

Mr. Hicks detailed his plight on Monday’s edition of The Hagmann & Hagmann Report to a shocked and disbelieving audience. How can this happen in America? This is inter-STATE travel! There must be some mistake! Has he done anything to let his elected representatives know? The questions were many, and yes, Mr. Hicks, Jr. indeed pleaded for assistance from his elected officials and anyone who would listen during the last 36 hours. “I’ve got nothing to hide,” stated Mr. Hicks. Nothing. “I feel like a prisoner in my own country, but no one will tell me what I’ve done to be placed on the ‘No-Fly’ list. I’m not allowed to know.”

Although I’m tempted to insert a reference to “Gilligan’s Island,” I will refrain. If all of the facts presently known withstand more intense scrutiny and further investigation, we have a very big problem in this country. You might be next, and Hawaii might not be where you are inexplicably left on your own.

I am following the fate of Mr. Hicks and continue to search for a logical explanation. At this point, however, the only logical explanation I’ve found is a very disturbing one. Perhaps this is how it all starts. Stay tuned

SOURCE

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Obamacare's Rationing by Another Name

How the Independent Payment Advisory Board gives sweeping powers to an unelected and unconstitutional board of bureaucrats

The stunning post-debate reversal in Mitt Romney’s fortunes may not last through the elections. But win or lose, he’ll do the country a big favor if he continues to expose the Independent Payment Advisory Board—the beloved center-piece of Obamacare—for what it is: An effort to give an unelected and unconstitutional board of bureaucrats sweeping powers to determine whether grandma gets her bypass surgery from Medicare, or a boot off the cliff.

Liberal fact-checkers have been working overtime to discredit Romney’s claim that this board will “ultimately tell patients what treatments they can receive.” PolitiFact, one self-appointed guardian of truth, rated Romney’s statement as “mostly false.” The board, it insisted, “can’t deny treatment” or “ration care” or “make health care decisions for individual Americans.” Rather it can only determine what doctors and hospitals are paid. Likewise, The Los Angeles Times maintained that the board could merely “recommend ways to reduce Medicare spending”—not cut benefits.

But the whole point of the board is to use price controls to discourage expensive treatments. Yes, it is possible that some good doctor will be willing to perform bypass surgeries for Medicare patients even when the board only allows, say, payment for aspirin. It’s also very unlikely. If the board decides to set payment for state-of-the-art dialysis at below cost, reasoning that the benefits of the procedure aren’t commensurate with the added expense, it isn’t rationing care directly. But it is indeed rationing care, because this would effectively consign patients to older treatments.

Before the recession, Medicare spending had been growing 2.6 percentage points faster than GDP. The program already pays out roughly $290 billion more in benefits than it receives in taxes, and it constitutes somewhere between $38.6 to $90 trillion in unfunded liabilities for the federal government.

The main reason for the government’s out-of-control Medicare spending is that Uncle Sam picks up most of the tab for seniors’ health care, giving them little incentive to curb consumption or shop for better prices. Instead of restoring this incentive, Congress has historically tried to curb spending by cutting reimbursement rates for providers. But this has repeatedly failed because providers are politically powerful. Every time automatic cuts have loomed, Congress has undone them by passing the so-called “doc fix.” But instead of solving this problem by exposing doctors to market accountability, Obamacare tries to solve it by shielding the IPAB bureaucracy from political accountability.

Here is how it would work: When ever Medicare inflation threatens to exceed GDP growth plus 0.5 percent—by historical standards, that’s probably every year there isn’t a recession—the 15-member board would develop a “detailed and specific” “legislative proposal” laying out which treatments Medicare would cover and at what rate. President Obama describes this as “institutionalizing best practices.” In plain English, it means determining whose ox gets gored.

What distinguishes the IPAB from the Environmental Protection Agency or the Federal Drug Administration is that those agencies give affected parties opportunities to weigh in before issuing their rules. This board would not be required to offer any avenue for patients and providers to air their concerns, nor could its decisions be challenged in court. Coaxing coverage out of heartless private insurers will seem like a piece of cake compared to confronting this all-powerful bureaucracy, which allows neither access nor appeal.

The IPAB’s proposals would automatically become law unless Congress came up with its own equivalent spending cuts—or both houses, including a three-fifths majority in the Senate, waived it and the president signed the waiver. This is an exceedingly high hurdle that would effectively turn the IPAB into a super legislature.

But the most troubling thing about the board is this: Under the constitution, the legislative power—the supreme power—is lodged in Congress along with a democratic check. Courts avoid the democratic check but forego legislative powers. But no government entity, not even the Federal Reserve, gets unchecked legislative powers. This is what the IPAB will have, contravening the core of the Constitution’s scheme of checks and balances.

Medicare spending is a pressing problem, no doubt. But the IPAB is a cure worse than the disease. It thwarts seniors’ treatment options, providers’ independence, and the constitutional balance of powers. The more Romney makes it an issue during his campaign, the more likely that the IPAB itself will be thwarted, whether he ends up in White House or not.

SOURCE

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Death panels now official in Britain

GPs have been asked to select one in every 100 of their patients to go on a list of those likely to die over the next 12 months.  The patients will be singled out for ‘end-of-life care’,  potentially saving the NHS more than £1billion a year.

The listed patients may be asked to say where they would prefer to die and should be told they can draw up a ‘living will’ by which they can instruct doctors to withdraw life-saving treatment if they become incapacitated in hospital.

The ‘toolkit’ giving doctors and health and social workers new guidance on how to select candidates was launched by Liberal Democrat Care Minister Norman Lamb at a conference on end-of-life care.

It states that ‘approximately  1 per cent of people on a GP’s list [of all patients] will die each year – this equates to an average of 20 deaths a year. Around 70 per cent to 80 per cent of all deaths are likely to benefit from planned end-of-life care.’

It said: ‘Have your local practices identified the 1 per cent of their practice population who may be likely to die in the next year?’

Doctors are told to pick out such patients during routine consultations that show  ‘indicators of frailty and deterioration’ and are told that  ‘older people are a priority  to consider’.

They are also told to use feedback from district nurses or hospital consultants, while patients in care homes should be ‘actively considered for your register’, the advice states.

Information for GPs on what happens to such patients said they would be ‘less likely to be subject to treatments of limited clinical value’.

It added that a quarter of all hospital beds are occupied by dying people and said that  four in ten have no medical need to be there.

If each had one less emergency admission into hospital in their last weeks and  months, that would save the NHS £1.35billion a year, the material said.

The advice tells doctors: ‘After several years of falling, the death rate is about to increase again as the baby boomers reach old age. This is a bad situation, which is going to get worse unless we act now.’

The register plan emerged amid a growing controversy over the Liverpool Care Pathway (LCP), the method adopted by hospitals with the aim of easing the last hours of those judged to be dying.

Health ministers yesterday endorsed the LCP – which can involve sedation and the withdrawal of food, fluids and life-saving treatment from patients – releasing a report which said it was ‘best practice’ and recommended by  the NHS.

The Health Department’s latest report also backs the campaign for GP ‘death lists’.

Over the past week, some families have told the Daily Mail that they believe their loved ones were wrongly put on the LCP by hospitals when they were not in fact dying.

One senior NHS consultant, Professor Patrick Pullicino, has criticised it as a ‘self-fulfilling prophecy’.

But Mr Lamb told the conference yesterday that he was delighted with the latest toolkit, saying that while ‘end-of-life care in hospital is often not as good as it could be’, it should be ‘as comfortable and dignified as we can possibly make it’.

SOURCE

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For Every Person Added to Labor Force, 10 Added to Those Not in Labor Force

A new chart from the minority side of the Senate Budget Committee details the fact that, since January 2009, for every person added to the labor force, 10 have been added to those not in the labor force. Here's a chart showing the dwindling labor force:



"For Every 1 Person Added To Labor Force Since January 2009," the chart reads, "10 People Added To Those Not In Labor Force."

That is, in nearly the four years, since President Obama took office in January 2009, only 827,000 people have been added to the labor force, while during that same time period, 8,208,000 have been added to those not in the labor force.

The chart relies on data available from the federal Bureau of Labor Statistics.

"The numbers represented in the chart are a measure of growth from January 2009 through September 2012," the Republican side of the Senate Budget Committee explains. "The data is sourced from the Bureau of Labor Statistics' Current Population Survey, a sample of 60,000 households conducted by personal and telephone interviews. Basic labor force data are gathered monthly. The labor force consists of all people aged 16 and over either employed or actively seeking work. It does not include discouraged workers, people who have retired, or those on welfare or disability who are no longer looking for work. The 'not in the labor force' group is defined as the total civilian non-institutional population minus the labor force."

Since January 2009, the labor force has grown by 0.54 percent, or 827,000 people (from 154,236,000 to 155,063,000). Those not in the labor force grew by 10.2 percent during the same period (8,208,000 people), from 80,502,000 to 88,710,000. In other words, for every one person added to the labor force of the United States since January 2009, the size of the U.S. population not in the labor force grew by 10 people.

SOURCE

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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 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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BOOK REVIEW of Blood Sacrifice and the Nation: Totem Rituals and the American Flag -- by Marvin, C. & Ingle, D.

Review below by Richard A. Koenigsberg.  I think this is a fair account of "progressive" and Fascist thinking up to WWII and there may be some survival of such thinking into the present era.  It is certainly an unusual perspective today -- JR

Carolyn Marvin and David Ingle build upon several interrelated theorems:

* Blood sacrifice preserves the nation.

* The nation is the shared memory of blood sacrifice.

* Body sacrifice lies at the core of nationalism.

* To die for one's country is the ultimate expression of faith in social existence.

* Warfare is the most powerful enactment of the ritual of blood sacrifice.

The creation of sentiments strong enough to hold the group together periodically requires the death of a significant portion of its members.  In short, society depends upon the death of sacrificial victims at the hands of the group. Warfare is a ritual that creates sacrificial victims. Nations come into being by virtue of their capacity to produce death.

Thomas Jefferson said, "Occasionally the tree of Liberty must be watered with the blood of Patriots and Tyrants." Rudolph Hess declared, "The stream of blood which flows for Germany is eternal-the sacrifice of German men for their Volk is eternal-therefore Germany will also be eternal." This is the most succinct summation of Nazi ideology I've come across.

Nazism meant perpetual, never-ending death-bloodshed-for Germany. According to Hess, Germany lived insofar as it consumed the blood of sacrificial victims. What's more, if Germans had to shed blood for their nation-so would everyone else. Hitler initiated and enacted the most massive sacrificial ritual in human history-the "Second World War"-that claimed an estimated 60 million victims.

Blood sacrifice is undertaken for nations, but also in the name of valorizing any sacred ideology. Ali Benhadj-a revolutionary Islamist leader from Algeria-declared:

"If a faith, a belief, is not watered and irrigated by blood, it does not grow. It does not live. Principles are reinforced by sacrifices, suicide operations and martyrdom for Allah. Faith is propagated by counting up deaths every day."

Whereas the soldier dies for his country, suicide bombers die for Allah.

The First World War also generated a massive number of casualties: 9 million dead and over 21 million wounded. Some observers were gratified by the slaughter. Writing in 1916, P. H. Pearse, founder of the Irish Revolutionary movement, was thrilled to observe the carnage:

"The last sixteen months have been the most glorious in the history of Europe. Heroism has come back to the earth. It is good for the world to be warmed with the red wine of the battlefield. Such august homage was never before offered to God as this-the homage of millions of lives given gladly for love of country."

From Pearse's perspective, it didn't matter what country the soldier died for-whether France, Great Britain, Germany or Russia-as long as the world was warmed with the red wine of the battlefield. The First World War enacted a ritual of "august homage": millions of lives sacrificed for countries. As soldiers died, so nations came alive.

The war of 1914-1918 was called a world war, and also "the great war": No one wanted to be left out (it's a family affair). Based on this war, Australia was born as a nation, as was Canada. These nations claimed their space on the world stage by virtue of the fact that they delivered "heroes" who had the courage to die for their country. The soldier, Marvin points out, is the fundamental sacrificial victim: giving his life so his nation might live.

According to Rene Girard:

"Sacrifice accords the god all that he needs to assure his continued growth and vigor. If we neglect to feed the god, he will waste away; or else, maddened by hunger, he will descend among men and lay claim to his nourishment with unexampled cruelty and ferocity."

Nations are hungry gods whom we feed to keep alive. The dynamic of sacrificial death is structured as a blood transfusion: the life-sustaining substance of human bodies passes into the body politic. Warfare is "eternal" because we cannot resist feeding the hungry god, which requires a perpetual stream of blood to maintain its life. Thus does blood sacrifice create nations.

Received via email from Library of Social Science.

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An hilarious video

Does emptyhead mean anything he says?



H/T Dennis Sevakis.  Amazing that it needs Danes to skewer Obama like that.  Where have the American media been?

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Damned if you do and damned if you don't

The ACLU sued Morgan Stanley Monday, charging it engaged in racial discrimination by funding subprime mortgages.  But it was government legislation that forced those loans to blacks  -- by saying that the number of loans made to blacks had to be "proportionate"

The American Civil Liberties Union sued Morgan Stanley on Monday, charging the Wall Street firm discriminated against minority homeowners and violated federal civil rights laws by providing funding for risky mortgages.
The suit, filed in U.S. District Court in New York, is the first lending discrimination case to go after the investment banks that funded the subprime mortgages. Previous suits of this kind targeted the lenders that made the loans.

Wall Street funded the subprime lending boom by bundling the risky loans into mortgage-backed securities. Those securities were then sold to institutional investors and pension funds.
The lawsuit was filed on behalf of five Detroit residents, and asks the court to certify the case as a class action.
"With this lawsuit, real victims of the subprime lending scandal are stepping forward to hold investment banks like Morgan Stanley accountable for the devastation the banks wrought in their lives and in our economy," said Anthony Romero, ACLU executive director, in a statement.

More HERE

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Mother Nature And Good Luck, Not Big Government, Saved General Motors. For Now

There are lots of claims that the federal government saved the American auto industry by bailing it out. (Never mind Ford didn't get a bailout, and "foreign" companies such as Honda and Toyota make many of their cars in America.)

Critics of the bailout make the valid point "any company can be kept afloat indefinitely with taxpayer subsidies." They also say the bailouts have resulted in GM becoming politicized and "spending lots of money" on a politically correct car that consumers and car-buyers don't want "because of pressure from Washington rather than demand from consumers" (as even the liberal Washington Post has noted, discussing the GM Volt). But although these criticisms may be persuasive to newspaper editorialists and economists, they will be unpersuasive to an ordinary person in Ohio or Michigan who desperately wants a job, now, and does not care about how that happens or whether it costs taxpayers money. Such people are likely to be grateful for the bailout if no one explains to them that Mother Nature and good luck, not big government, saved the U.S. automakers.

General Motors never would have recovered as it did if not for the massive Japanese earthquake and Tsunami that devastated its rivals, such as Toyota.  The tsunami so crippled Toyota that GM could regain market share despite the Obama administration leaving GM's uncompetitive, inefficient work rules and high labor costs largely intact.

General Motors also benefited from another factor that has often been overlooked: the massive Thai floods in 2011, which inundated and shut down Japanese car-parts factories in Thailand for many months, crippling Japanese automakers' global supply chains. On Dec. 8, Toyota "cut its profit forecast by more than half after Thailand's worst floods in almost 70 years disrupted output of Camry and Prius vehicles." The World Bank estimates the floods did $45 billion in damage to the Thai economy and left half its factories under water for substantial periods. By harming Japanese automakers, the Thai floods gave a huge boost to their competitor, General Motors, enabling it to survive despite the Obama administration's costly coddling of the UAW union in the bailout, which threatens the automaker with future losses in the billions.

GM also benefited from good luck - primarily the huge safety issues and recalls that befell Toyota in 2010. This helped GM and Ford move forward at a time when overall auto sales were rising rapidly. As The New York Times noted in March 2010 "Toyota Motor, estimating that it lost 18,000 sales in the United States last month while its chief competitors enjoyed big gains, introduced incentives Tuesday as it tried to restore consumers' confidence in its vehicles after three big recalls," as the company "acknowledged that the recalls had hurt Toyota's ability to attract new buyers." Toyota rebounded after it turned out its vehicles were safe, and that crashes of Toyota vehicles were the result of driver error, except for one crash that resulted from a dealer improperly installing a floor mat.

For a brief time, natural disasters so damaged the Japanese automakers that GM once again became the world's number one automaker. But when the Japanese companies recovered, Toyota once again surpassed GM as the world's biggest automaker.

The bailouts resulted in new, more inept and politicized management at GM (which replaced a pre-bailout CEO, Rick Wagoner, who had put in place changes that belatedly resulted in improved product lines coming out shortly after his ouster). Auto industry experts are horrified by GM's recent mismanagement of its European operations:

General Motors' plan to displace the venerable and respected Opel brand in Europe with a new Chevrolet "global" brand really is as insane as it seems, according to Keith Crain of Automotive News. "It will take decades for Chevrolet to establish anywhere near the recognition that Opel has," Crain argues.

GM now is concealing the depth of its problems by financing auto sales with risky loans that may never be paid back, resulting in GM's increasing reliance on selling cars to people who can't pay for them: "GM Ramps Up Risky Subprime Auto Loans To Drive Sales," noted Investor's Business Daily. "The automaker is relying increasingly on subprime loans, 10-Q financial reports shows. Potential borrowers of car loans are rated on FICO scores . . . Anything less than 660 is generally deemed subprime. GM Financial auto loans to customers with FICO scores below 660 rose from 87 percent of total loans in Q4 2010 to 93 percent in Q1 2012." GM's CEO has fired or driven away valuable employees and executives at its European branch in what looks like scapegoating for his own bad decisions - and a GM spokesman needlessly trashed departing employees.

Pension funds and non-union retirees were ripped off in the bailouts. (Veteran political commentator Michael Barone called the Obama administration's treatment of Chrysler and GM bondholders "gangster government." In The Wall Street Journal, law professor Todd Zywicki called it an attack on "the rule of law.")

That mistreatment may haunt the auto industry in the future, reducing employment in the auto industry, as companies find it more difficult to raise money through bonds and loans. In response to Obama's ripping off bondholders and lenders in the bailout, hedge funds said they would be less likely to lend to automakers or other unionized companies in the future.  Even The Washington Post, which endorsed Obama in 2008, had unsuccessfully pleaded with the Obama administration to "stop bullying the company's bondholders" to avoid economic harm down the road.

The Obama administration has harmed U.S. automakers and endangered their long-run survival by radically ratcheting up federal CAFE fuel-economy standards, which affect U.S. automakers more than their foreign competitors. An estimated 50,000 jobs were predicted to disappear under earlier, less radical proposals, so the ultimate job losses will probably be well over 100,000. And Obama's climate-change regulations will destroy countless jobs and cut "household purchasing power," reducing auto sales and Chrysler's chances of survival. (In a January 17, 2008 interview with the San Francisco Chronicle, then-Senator Obama said that consumers' "electricity rates would necessarily skyrocket" under his planned regulations.)

SOURCE

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Israel gets a big one

Egyptian security forces were on high alert in the Sinai Peninsula on Monday, following an Israeli strike on the Gaza Strip that killed the commander of a Jihadi-Salafi terror group on Saturday, Palestinian news agency Ma'an reported.

Egyptian security officials told Ma'an Sunday night that authorities in Cairo warned troops in northern Sinai of a possible retaliatory attack on Egyptian bases or attempted attacks on Israeli targets.

The commander killed in the air strike has been identified as Hisham Al-Saedni, also known as Abu Al-Waleed Al-Maqdissi, believed to head the Jihadist Salafi group Tawhid and Jihad (One God and Holy War). Al-Saedni and his accomplice, who had been firing rockets into southern Israel, also took part in previous terror attacks on Israel from the Sinai Peninsula, and was in the final stages of plotting a new attack, an IDF source said.

SOURCE

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We Are On The Road To Serfdom

A free society requires hard and apolitical money. But the reality today is that money is merely a political tool. Central banks around the world are getting ever bolder in using it to rig markets and manipulate asset prices. The results are evident: equities are trading not far from historic highs, the bonds of reckless and clueless governments are trading at record low interest rates, and corporate debt is priced for perfection. While in the real economy the risks remain palpable and the financial sector on life support from the central banks, my friends in money management tell me that the biggest risk they have faced of late was the risk of not being bullish enough and missing the rallies. Welcome to Planet QE.

I wish my friends luck but I am concerned about the consequences. With free and unlimited fiat money at the core of the financial industry, mis-allocations of capital will not diminish but increase. The damage done to the economy will be spectacular in the final assessment. There is no natural end to QE. Once it has propped up markets it has to be continued ad infinitum to keep ‘prices’ where the authorities want them. None of this is a one-off or temporary. It is a new form of finance socialism. It will not end through the political process but via complete currency collapse.

Not the buying and selling by the public on free and uninhibited markets, but monetary authorities – central bank bureaucrats – now determine where asset prices should be, which banks survive, how fast they grow and who they lend to, and what the shape of the yield curve should be. We are witnessing the destruction of financial markets and indeed of capitalism itself.

While in the monetary sphere the role of the state is increasing rapidly it is certainly not diminishing in the sphere of fiscal policy. Under the misleading banner of ‘austerity’ states are not rolling back government but simply changing the sources of state funding. Seeing what has happened in Ireland and Portugal, and what is now happening in Spain and in particular Greece, many governments want to reduce their dependence on the bond market. They realize that once the bond market loses confidence in the solvency of any state the game is up and insolvency quickly becomes a reality. But the states that attempt to reduce deficits do not usually reduce spending but raise revenues through higher taxes.

Sources of state funding

When states fund high degrees of spending by borrowing they tap into the pool of society’s savings, crowd out private competitors, and thus deprive the private sector of resources. In the private sector, savings would have to be employed as productive capital to be able repay the savers who provided these resources in the first place at some point in the future. By contrast, governments mainly consume the resources they obtain through borrowing in the present period. They do not invest them in productive activities that generate new income streams for society. Via deficit-spending, governments channel savings mainly back into consumption.

Government bonds are not backed by productive capital but simply by the state’s future expropriation of wealth-holders and income-earners. Government deficits and government debt are always highly destructive for a society. They are truly anti-social. Those who invest in government debt are not funding future-oriented investment but present-day state consumption. They expect to get repaid from future taxes on productive enterprise without ever having invested in productive enterprise themselves. They do not support capitalist production but simply acquire shares in the state’s privilege of taxation.

Much more HERE

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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 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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