Showing posts with label big government. Show all posts
Showing posts with label big government. Show all posts

Friday, February 17, 2012

Think Big

Record $6 Trillion of Fake U.S. Bonds Seized in Mafia Probe

When committing a financial crime, it is a good idea to try to go unnoticed or to go big.  One example of going big would be Bernie Madoff.  A second example would be the guys in Potenza Italy who were caught with $6 Trillion Dollars in fake US Treasury Bonds.  That amounts to more than a third of the entire US National Debt.  A third example would be the recent budget submitted by the Obama Administration.

Saturday, January 14, 2012

Pigs at the Obama energy trough

I often rail against the Main Stream Media.  But when a member of said media doggedly pursues a story and her network actually runs it, I have to tip my cap.  And speaking of tips, Solyndra was just the tip of the rotten Obama administration iceberg when it came to blatantly funneling your and my cash to their cronies under the guise of "clean energy."  So I give all appropriate kudos to CBS News's Sharyl Attkisson.  Sharyl was the one who broke the Solyndra scandal, and she hasn't stopped there.  So far she has found 11 more scam "green energy" companies that Obama has given over $6.5 Billion to.  We're talking five outright bankruptcies already and the rest are at junk bond status with the clock ticking:



And there are a lot more coming.

Saturday, January 7, 2012

In order to understand someone we need to understand where they came from

So in order to better understand Rahman Emanuel, Barack Obama, et al., we should seek to understand the Illinois / Chicago political and legislative machine from whence they came. So just ponder for a moment the new law that took effect January 1 that requires a state issued photo ID, and the registration of the name, address and time of sale of every jug of liquid plumber!.
The law, which took effect Sunday, requires those who seek to buy caustic or noxious substances, except for batteries, to provide government-issued photo identification that shows their name and date of birth. The cashier then must log the name and address, the date and time of the purchase, the type of product, the brand and even the net weight.
Of course, what has happened is that stores like Jewel-Osco have just stopped selling drain cleaners and the few stores that still sell it have jacked the price way up to cover the greatly increased overhead. The rationale for the new requirement was that Draino was used in a viscious assault last year. But wait a minute, hammers, screw drivers, potted plants, knitting needles, tv remotes, books, pots and pans, televisions and many more household items were used in attacks in Chicago alone last year. They better require a government ID and keep a log of all those things, too.

Thursday, January 5, 2012

Another bust (at the taxpayers' expense) in the new green economy

The clean energy sector creates the jobs of today and tomorrow, helps protect our environment, and reduces our dependence on foreign oil.
According to Barack Obama:
 “I strongly agree with Vice President Gore that we cannot drill our way to energy independence, but must fast-track investments in renewable sources of energy like solar power, wind power and advanced biofuels, and those are the investments I will make as President. It's a strategy that will create millions of new jobs that pay well and cannot be outsourced, and one that will leave our children a world that is cleaner and safer." - Barack Obama, July 17, 2008
According to yesterday's Atlanta Journal Constitution:

Georgia ethanol plant sold, at taxpayers' loss
Dan Chapman 
The Atlanta Journal-Constitution 
The failed Range Fuels wood-to-ethanol factory in southeastern Georgia that sucked up $65 million in federal and state tax dollars was sold Tuesday for pennies on the dollar to another bio-fuel maker with equally grand plans to transform the alternative energy world.
LanzaTech, a New Zealand-based biofuel company, paid $5.1 million for the plant in Soperton. Its main financial backer: Vinod Khosla, a California entrepreneur who also bankrolled Range Fuels, and helped secure its government loans, before Range went bust last year.
LanzaTech hasn't received the same type of loans, but the company has received $7 million from the U.S. departments of Energy and Transportation to assist in the development of alternative fuels.
The Range fiasco harkens other, failed renewable energy companies that received major taxpayer funding. California solar panel maker Solyndra got $535 million in federal loan guarantees. Beacon Power of Massachusetts, which makes energy-storage equipment, took in $43 million in federal money. Both filed for bankruptcy last year.
Range cost U.S. taxpayers $64 million and Georgia taxpayers another $6.2 million. Tuesday's sale netted $5.1 million which will help offset losses suffered by the U.S. Department of Agriculture. Georgia's money, which paid for some of the ethanol-making equipment, won't be recouped outright, but state officials expect LanzaTech to use the machinery.
According to Sam Shelton, director of research programs at Georgia Tech's Strategic Energy Institute:

"It was too damn big a risk for an apparently unproven technology and the due diligence I personally performed on Range would not entice me to invest in it," Shelton said Wednesday. Shelton was invited by Range a few years back to check out its operation in Colorado where it was based.
"Government should not be in the venture capital business selecting technologies," he added.
By the way, LanzaTech got a $7 Million loan from the Obama Administration to buy for about $5.1 Million the failed company that owed taxpayers almost $70 Million.  So it used our money to "pay us" a few cents on the dollar for the assets securing the first loan from the Obama Administration where we got defaulted on (screwed out of) for more than $68 Million.  I do not know about you, but of the above choices, I am going with Mr. Shelton.


Damn straight I maced your Grandma, the chemicals that she used to turn her hair blue may have been freaking explosive!


Big sister and the Keystone Cops are at it again.  Once again you can rest easily.  According to the Leesburg, Florida Daily Commercial, Big Sister is right on the job:
But it was only Federal Protective Service officers with the U.S. Department of Homeland Security who were conducting a random training operation early Tuesday morning when they surprisingly showed up at the Social Security Administration office in downtown Leesburg.
With their blue and white SUVs circled around the Main Street office, at least one official was posted on the door with a semiautomatic rifle, randomly checking identifications. And other officers, some with K-9s, sifted through the building.
 Whew! That's a relief.  Wait a minute, the Social Security Administration office!?  So in addition to tracking the activities of peaceful political advocacy groups, and arresting photographers at political rallies, and let's not forget arresting people who complain to the VA (even though they admit the complainant had never made any threats and admit that even if there were a crime, it was a violation of a State misdemeanor statute) and certainly let's not forget that the DHS is now keeping hockey games safe for America--the Obama Administration's Department of Homeland Security is now pointing automatic weapons at retirees for my benefit and the general good.  OK, then.  That about says it all.

Tuesday, January 3, 2012

Contrary to popular belief, Massachusetts is not a communist State

It is obviously a fascist State. What else would you call a place where they send the police to bust five year old girls who were late turning their library books back in?
Charlton Police Sergeant Dan Dowd stopped by the home of Shannon Benoit to let her know that her daughter had two books several months overdue which needed to be returned or paid for.

“I thought it was way overboard,” says Benoit. “I closed my door, I looked at my daughter and she started crying.”

Hailey asked her mom if the police were going to arrest her. Hailey says, “I was scared.”

Seriously, guys? A five year old girl?

Friday, December 30, 2011

Yes Big Sis, I am a hockey fan

A (defending Stanly Cup Champion) Bruins fan, to be exact.  So I guess I am grateful that you have turned your ever vigilant, watchful and pa(ma?)ternal eye towards the ice sheet.  I can rest easier now that I know you are on the job.  Big Sister just released an announcement which said in part:
"Every citizen plays a critical role in identifying and reporting suspicious activities and threats," said Secretary Napolitano. "By expanding the 'If You See Something, Say Something™' campaign to the NHL, we are working together to ensure the safety and security of employees, players, and fans."
As part of the Department's "If You See Something, Say Something™" partnership with the NHL, a Public Service Announcement will be read before and during games, and campaign graphics will appear on the videoboard and on ribbon boards. Safety messaging will also be printed on the back of NHL Winter Classic credentials for staff, players, and volunteers. In addition, the Department has partnered with the Commonwealth of Pennsylvania and City of Philadelphia to place "If You See Something, Say Something™" advertisements throughout Philadelphia at airports and gas stations, and on buses, trains and billboards.
I think this is a great idea.  Hmmm, where do I begin?  OK, I'll give it a shot:

1. Matt Cooke on the Capitals is an a$$hole thug who oughta be taken ought and shot or at least thrown in to Guantanamo.

2. The Sedins on Vancouver are diving, Euro-wussies who should be given skirts and told to sit in the corner while real men play a real man's game.

3. And don't get me started on every freaking Montreal Canadian who ever took a breath . . .

Tuesday, December 27, 2011

The TSA isn't just for airports anymore.

Imagine this, you just got out of a football game in Charlotte and are racing to catch the train back home to Atlanta. Only you get stopped by three men with automatic weapons and a trained police dog. Then you are grilled about who you are and where you are going.  Or maybe you are about to board a subway home after work.  Or on the gang plank to the cruise ship for your vacation.  Or going into a NASCAR race.  Or even taking a ferry to tht Outer Banks.  Or just about any place else nowadays.  What's more, the TSA admits there is no evidence that any of these activities ever stopped a terrorist act.  Nor did putting portable metal detectors up and testing for explosive residue to "screen" passengers luggage at a greyhound bus terminal. I think that the two reasons why the TSA is engaging in these futile exercises can be found in an article in today's LA Times. First, the TSA just submitted a budget requesting an almost 25% increase in non-aviation personnel. The good Director has seen an opportunity to expand her fiefdom at you expense. The second reason is a little more subtle:
But critics say that without a clear threat, the TSA checkpoints are merely political theater. Privacy advocates worry that the agency is stretching legal limits on the government's right to search U.S. citizens without probable cause — and with no proof that the scattershot checkpoints help prevent attacks.

"It's a great way to make the public think you are doing something," said Fred H. Cate, a professor at the Indiana University Maurer School of Law, who writes on privacy and security. "It's a little like saying, 'If we start throwing things up in the air, will they hit terrorists?' ''

After admitting that the intrusions had never stopped anything, one TSA official gave as an alternative justification that it helped boost public confidence. Let me translate that for you: it's great for Obama's re-election because the public, at our expense, is reminded of what a great job his administration is doing to protect us while at the same time scaring them which has historically boosted re-election chances.

Excuse me, could you just advance me a little more--say $1.2 Trillion

That is what Obama is going to ask Congress this week.  The current debt limit is around $15 Trillion and Obama wants to raise it by almost 10%.  In one year.  When we can't pay for the debt we have.  And it is crushing our economy's efforts to recover.  Plus our poor kids will have to pay it off instead of enjoying the fruits of their own hard work.  Someone has to stop this guy in November.  I don't care who, just someone.

WASHINGTON (Reuters) - The White House plans to ask Congress for an increase in the debt limit before the end of the week, according to a senior Treasury Department official.
The debt limit is projected to fall within $100 billion of the current cap by December 30. President Barack Obama is expected to ask for additional borrowing authority to increase the limit by $1.2 trillion.
Under the new budget, Congress can only vote to block the debt-ceiling extension with a disapproval resolution. Lawmakers have 15 days within receiving the request to vote down the debt limit increase.
The debt limit currently stands at $15.194 trillion and would increase to $16.394 trillion with the request.

Monday, December 26, 2011

Suck it up Washington before a crisis out of your control defines our fiscal policy

Robert Samuelson at Newsweek makes a couple of good points in his article entitled A Country in Denial About Its Fiscal Future.  During the past half century, the percentage of the federal budget paid out to individuals (e.g. Medicare) has more than doubled from 26% to 66%.  At the same time, Military spending has been cut more than in half from 52% to 20%, so it is easy to see where the shifted resources came from.  Amazingly, as a percentage of GDP, the federal tax burden has remained about the same (17.8% in 1960 and 18.5% today).  The problem is that we cannot cut the non-individual services much more at all.  So something has got to give if the boys in Washington keep on the same trajectory.  Samuelson puts it well:
We are shifting from "give away politics" to "take away politics." Since World War II, presidents and Congresses have been in the enviable position of distributing more benefits to more people without requiring ever-steeper taxes. Now, this governing formula no longer works, and politicians face the opposite: taking away -- reducing benefits or raising taxes significantly -- to prevent government deficits from destabilizing the economy. It is not clear that either Democrats or Republicans can navigate the change.
So what happens if they cannot navigate the change?  It will be imposed upon them and that is not likely to result in a lot of great alternatives.

Sunday, December 25, 2011

What happens when you over regulate and over tax businesses?

They leave.  In California's case, they leave big time.  Even if they are making money.  Take, for example, Waste Connections, a $3.6-billion company formerly located in the Sacremento area, but relocating to Houston.  Waste Connections is part of a clear trend.  According to a Fox News survey, 2,500 employers, accounting for 109,000 jobs, have left California in the past four years.  And many of them were making money.  Why did they leave, then?  To make more money, particularly in the long term.  It is costly to up and move, but businesses will make the outlay if it ensures long term profitabily.  As the Orange County Register points out in an Op Ed, "[t]he California Democratic Party's attitude long has been that businesses are basically trying to rip off the public, and the source of all wealth and advancement can be found in the public sector."   The response to the news by the Senate President upon hearing of the exit of Waste Connections, one of the State's larger employers, says it all:
State Senate President Pro Tem Darrell Steinberg, D-Sacramento, gave these clueless and snarky remarks in response to the news: "In this instance you have a company that is, in fact, profitable, making significant revenue gains in 2011 and 2010. That doesn't speak to a bad business climate here in California when a good company is able to thrive in that way. So whatever Mr. Middelstaedt's (company CEO) reasons are to leave the great state of California, I know I'm pushing back."

If you do not realize you have a problem, let alone that you are the problem, it is tough to fix the problem.

Wednesday, December 21, 2011

Deja vu--the Pentagon Papers and Climategate II

Climategate II has taken a very chilling turn.  One that to my mind raises far greater issues than the idiocy of AGW and the great hoodwink.  The Obama administration's criminal division of the Justice Department sought and executed search warrants against Wordpress, the blogging software company that hosts several of the blogs where the anonymous "FOIA" posted a link to the zipfile that contained the second batch of incriminating emails from Mann and the boys.  Worse, it participated in a physical raid and seizure at home of the blogger who goes by Jeff Id at NOconsensus.wordpress.com, where all of his computers and his router were taken.  His was the first blog to upload the link, probably because he lives in a time zone five hours ahead of the others.  He was assured that he was not a suspect, but they nonetheless had armed agents serve the warrant and seize the instruments of his blogging.  Others whose files were ordered frozen at Wordpress were Steve McIntyre at ClimateAudit.org and Tallbloke’s Talkshop at tabloke.wordpress.com.

Now let's go back 40 years.  Then Secretary of Defense Robert Macnamara, ordered a specially constituted commission to basically do a full review of the Viet Nam War.  One person who had worked on the report was Daniel Ellsberg in his position as an assisstant to Undersecretary (and long time Macnamara buddy) John McNaughton.  Ellsberg came to oppose the war, left the Department of Defense and went to work at a think tank called RAND.  The report was classified "Top Secret-Sensitive".  Since there was no "Sensitive" classification, everybody knew that to mean it was politically emabarrassing.  Everyone knows the story from there, Ellsberg first tried to interest Henry Kissinger in the report (which had information such as the expansion of the "secret war" into Cambodia and Laos), and then Senators Fullbright and McGovern.  None would do anything, however, so he brought it to the NY Times.  And they started to publish it.  The Justice Department sought and got an order from a Federal court to cease and desist further publication of the Pentagon Papers, by anyone.  The Supreme Court threw that order out as a Constitutionally impermissive prospective prohibition on free speech.  The Justice Department rushed back and got a narrower order against just the NY Times.  So the NY Times gave the papers to the Washington Post, who continued to publish them until Justice got an order against them, too.  So they forwarded the papers to the LA Times, and so on.  Eventually, Senator Mike Gravel from Alaska read them into the record on the floor of the Senate because Article I, Section 6 of the United States Constitution provides that "for any Speech or Debate in either House, [a Senator or Representative] shall not be questioned in any other Place", thus the Senator could not be prosecuted for anything said on the Senate floor, and, by extension, for anything entered to the Congressional Record, allowing the Papers to be publicly read without threat of a treason trial and conviction.

Ellsberg was arrested and tried under the Espionage Act of 1917 and other charges including theft and conspiracy, carrying a total maximum sentence of 115 years.  Upon surrendering to the US Attorney in Boston, he released the following statement:

I felt that as an American citizen, as a responsible citizen, I could no longer cooperate in concealing this information from the American public. I did this clearly at my own jeopardy and I am prepared to answer to all the consequences of this decision.
He was ultimately freed due to gross prosecutrial misconduct.

The Justice Department knew what it was doing then, as it knows what it is doing now.  It serverd, serached and sued all of the 17 newspapers that published the papers, even though it knew and freely admitted that the papers had done nothing illegal.  It brought the full force and power of the executive branch of the United States governement against Ellsberg and tried to lock him up forever.  The Obama admistration is doing the exact same thing now.  They are serving, searching, seizing and scaring the blogs that posted the link to the Climategate II emails, even though they freely admit that posting the link was legal and in fact protected free speech.  And they are hunting FOIA for all they are worth, hoping to charge him or her with offenses that carry sentences  in excess of one's life expectency.  And the use of the immense power entrusted by us to those public officials to crush free thought and discussions, about any topic, is an evil that cannot be tolerated in any amount.

I do not claim to be great friends with any one US Senator, but I know several of them.  I also love a good court fight.  So Mr. or Ms. FOIA, if you are looking for another place to post some more emails, feel free to send them to me.  And I suspect there are probably a few million others you would have to chose from, too.

Tuesday, December 20, 2011

Obama is trying to beat the war drums of class warfare to get elected, but the electorate is too smart.


Graph of US quarterly data (not annualized) from 1947 through 2002 estimates a form of the difference version of Okun's law: %Change GNP = .856 - 1.827*(Change Unemployment Rate). R^2 of .504. Differences from other results are partly due to the use of quarterly data.


Charles Lane's Op Ed in the Washington Post entitled "Obama's simplistic view of income inequality" very much soft pedalled the issue.  It is patently obvious to me that Obama knows his only hope for re-election is to fan the flames of class warfare: it's unfair for someone to have more than you do.  He fired the opening salvo in Osawatomie, Kansas on December 6.  His logic is simple.  If the majority of the electorate is below the median income line, then promise that you will take away from the (fewer) people above the median income line.  Easy math shows that he is trying to buy the votes of the greater number at the expense of the lesser number.  Lane kind of skirts that issue, but he correctly postulates that the Majority of Americans are Okunites and  cites recent polling by Gallup that showed the majority of the people don't care how well the upper echelons of the income brackets do as long as they prosper too:

Maybe Americans are Okunites — as in Arthur Okun, the late Yale economist and author of the 1975 book, “Equality and Efficiency: The Big Tradeoff.”
Okun saw free markets as a source of unparalleled human progress — and of big gaps between rich and poor. Indeed, he argued, markets are efficient partly because they distribute economic rewards unevenly. Government should try to smooth out income stratification, but such efforts risk undermining incentives to work and invest.
Hence the “big trade-off”: channeling income from rich to poor, Okun wrote, was like trying to carry water in a leaky bucket. He wanted to move money from rich to poor without “leaking” so much economic growth that the whole process became self-defeating.
The American public intuitively shares Okun’s concerns. Consider the responses to another question in the Gallup poll. Asked to rate the importance of alternative federal policies, the public saw both economic growth and redistribution as worthy objectives — but put the former well ahead of the latter. Some 82 percent said growth was either “extremely” or “very” important; only 46 percent said “reduc[ing] the income and wealth gap between rich and poor” was “extremely” or “very” important.
In short, the public wants fairness but retains a healthy skepticism about the federal government’s ability to achieve it.

I'll put it another way.  I don't care if the top 1% pay no taxes if my real net income goes up along the way.  Apparently, most Americans agree with me.

Sunday, December 18, 2011

Manufacturing jobs are making a come back in America

For once I may have been ahead of the curve. With prosperity wages rise. And that has happened (and continues to happen) in China. Great for the up and coming Chinese workers, but with the higher labor costs it is increasingly less competitive to buy imported goods than to produce them domestically. On top of the increasingly anti-competitive Chinese manufacturing sector, other countries, such as Germany, Brazil and Japan, that traditionally have strong capabilities to produce goods, are battling numerous headwinds of their own. On top of all that, the big jump in petroleum prices has driven a huge boom in domestic energy production, largely through tapping our gas fields. The net effect is that U.S. manufacturing has been growing to the point of almost being in a boom. Walter Russell Mead puts it very concisely:

There are still obstacles to overcome: Growth in manufacturing is largely attributable to new discoveries of and better methods of extracting natural gas and oil. These are not the Solyndra style subsidized and government planned “green jobs” our social and cultural betters somehow assumed would drive the return of American manufacturing, but they are jobs nonetheless.
Another problem is that it is becoming increasingly difficult for American manufacturers to recruit skilled labor. Manufacturing has grown increasingly technical but the supply of people with the ability and energy to operate heavy machinery hasn’t increased. We’ve got to get better at helping young people who don’t much care for academics to get the training they need to cash in on the brown jobs boom.  For a lot of the millennial generation, these brown jobs are their best path to a middle class life; we need a pro-brown jobs government that sees these jobs as a blessing not an eyesore.

I think maybe the Republican candidate who first realizes, and then embraces, the new era of American manufacturing will win and in the end we will prosper. The best way out from under the crushing debt that the current administration has buried us under is to grow the economy to support and ultimately satisfy those obligations.

Tuesday, December 13, 2011

Big Government

Two recent articles got my attention and they are definitely related.  First I saw a recent Gallup Poll that said that fear of big government was near an all time high.  In fact, a whopping 64% of Americans felt that it was the biggest threat to our country:

In your opinion, which of the following will be the biggest threat to the country in the future -- big business, big labor, or big government? 1965-2011 trend

That is compared to only 26% that said Big Business was the greatest threat (sorry Occupods).  Then I saw a CNN Article that gave credence to the people's fear.  The Obama Administration just had the NTSB issue a reccomendation to all of the States that it be made illegal to talk on a cell phone while driving.  Actually, I find the whole thing heartwarming in one respect.  It reinforces my heartfelt belief that the American people get it.  The want to chose their own doctors, they want to drill for our own energy reserves, they believe in the right of law abiding citizens to chose or not to bear arms, and a myriad of other common sense things--including making their own decisions about when it is safe or not to talk on your cell phone while behind the wheel.  Keep it up people and don't believe everything you read in the papers (or the internet).