Thursday, February 05, 2009

Still blogging!

The plastic surgeon took a larger lump than expected out of my skin so I am in a bit of pain but you can't keep a good blogger down!


BrookesNews Update

How the Obama-Bernanke monetary scheme could wreck the US economy : Bernanke has apparently come up with a monetary plan that will bring home the bacon for Obama. It will trigger an economic recovery while allowing Obama to satisfy the Democrats' toxic fetish for Big Government. Unfortunately for Americans, should Bernanke implement this monetary monstrosity the consequence for the economy could be extremely severe
Bernanke thinks he can use inflation to lower unemployment : Why is Bernanke so Blas‚ about the dangers of inflation? From August 2008 to 9 January he expanded the monetary base by a massive and unprecedented 107 per cent, thus laying down the foundations for an inflationary surge. The reason is that he believes he can use inflation to slash unemployment
Prime Minister Rudd launches attack on capitalism - and his rightwing critics crumble : Kevin Rudd's attack on what he calls 'Free-market fundamentalism' is the work of an utter economic illiterate, a man totally ignorant of economic history, the history of economic thought and of classical thinking. Nothing he said was correct. And the response of our fearless right was just what one would expect - pathetic
Why a carbon tax is a direct attack on living standards : A carbon tax would have a severe impact on living standards and industry. Electricity prices would be driven up to a level that would force a massive restriction in consumption. So-called 'clean alternatives' are grossly inefficient and would waste enormous amounts of capital
Obama's America: Our New Government At Work : Roll up! Roll up! The Obama Circus is in town! A once-in-a-lifetime experience - if you're lucky. The first spectacle is Six Dem clowns enjoying a Caribbean junket sponsored by Citigroup after Congress obligingly approved the $700 billion bailout of financial services firms. Roll up! Roll up! See the amazing Dems give the corrupt leftwing ACORN $5 billion of your money! And you've seen nothing yet! See the astonishing spectacle of patriotic Dems slashing defense spending in the name of defending the country! See Obama enter the lion's den in Tehran and get eaten alive! See the wondrous display of money fleeing US shores! Obama's Circus, the Greatest Show on Earth is in town!
Nancy Pelosi's neo-eugenics : Pelosi's views in their ugliest implication is directly linked to Margaret Sanger's eugenics movement of the 1920s. Sanger's 'Planned Parenthood' was just a horrifying euphemism designed among other goals to selectively prune certain populations by design along racial, gender, age, intelligence, physiological and socio-economic lines
Wishing President Obama success - why?: The 'change' Obama campaigned on and intends to make is not good for our capitalist and free market system, our constitutional law and government and certainly not good for America. Wherever socialism has been tried it has been a failure
America's enemies aiming to shoot across Obama's bow : Are America's enemies linking up to test Obama? It looks that way. If their assessment of Obama's mettle is on the button then the world is going to be an even more dangerous place
Who needs an education?: At the end of the day jobs come down to labour market regulation and the ability of employers to operate businesses without fear of interference from governments or trade unions. The best place to learn a job is on the job



Obama to announce limits on executive pay: "The Obama administration plans to mandate new executive pay limits on Wednesday for government-assisted financial institutions in a new get-tough approach to bankers and Wall Street. `If the taxpayers are helping you, then you've got certain responsibilities to not be living high on the hog,' President Barack Obama said in an interview Tuesday with `NBC Nightly News'." [Hard to disagree with that]

Wells Fargo defends, then reconsiders Vegas retreat : "Wells Fargo & Co. abruptly reconsidered a pricey Las Vegas casino junket Tuesday after a torrent of criticism that it was misusing $25 billion in taxpayer bailout money. The company initially defended the trip after The Associated Press reported the company had booked 12 nights at the Wynn Las Vegas and its sister hotel, the Encore Las Vegas, beginning Friday. But within hours lawmakers on Capitol Hill had scorned the bank, and the company said it was reconsidering. The conference is a Wells Fargo tradition. Previous years have included all-expense-paid helicopter rides, wine tasting, horseback riding in Puerto Rico and a private Jimmy Buffett concert in the Bahamas for more than 1,000 employees and guests."

SC: Idiot sheriff wastes taxpayer money "investigating" Phelps: "Authorities in the US will press criminal charges against Olympic swimming champion Michael Phelps if an investigation proves he broke the law smoking marijuana. A spokesman for Richland County Sheriff Leon Lott, known for his tough stance on drugs, said the department was investigating Phelps after a photograph surfaced showing him smoking a bong pipe."

US Senate votes to give a tax break to new car buyers : "The Senate voted Tuesday to give a tax break to new car buyers, setting aside bipartisan concerns over the size of an economic stimulus bill with a price tag edging above $900 billion. The 71-26 vote came as President Barack Obama said he lies awake nights worrying about the economy and signaled he'll try to knock out `buy American' provisions in the legislation to avoid a possible trade war."

Washington has no money to give : "Well, strictly speaking, the federal government has as much money as it wants, because it owns the exclusive right to print U.S. dollars. But that doesn't mean it possesses real assets or claims on income to back up the dollars it creates. Federal officials can expend real wealth on services or redistribute it to preferred beneficiaries only to the extent that it confiscates that real wealth from the people who originally created it. Washington can either confiscate the wealth today, by taxation, or confiscate it in the future by borrowing today and paying creditors with future taxes."

The stock market has little hope for Obama: "For those of you who haven't been paying attention to financial markets (which is probably somewhere between 0% and 2% of my readers), I'd like to point out that the Dow Jones was not only down 9% in January, but it's down 17% since the election of The Chosen One. . Financial markets aren't taken with the charisma of the Obamessiah. They don't see hope for profits or any change for the better."

Palaces for the bureaucrats : "Included in the massive stimulus bill that passed in the House of Representatives are several line items appropriations to renovate federal buildings in Washington. Included is $150 million to renovate a Smithsonian museum, $500 million for a new National Institutes of Health building, and $400 million for renovating a Social Security Administration building. For the renovation of the Social Security building, the agency estimates that the renovation will create 400 jobs. In other words, it will cost $1 million dollars for each job created."

Is classical liberalism selfish? : "One of the oddest criticisms of classical liberal political theory that one encounters is that libertarianism is inherently selfish. If we use the word 'selfish' as it is usually meant this is a most peculiar accusation. Liberalism, properly understood, is a political philosophy. As such it is not directed inward at all. It is an outward-directed set of ethics. What liberalism defines is the minimal obligations we owe others."


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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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