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Gary Edwards

Applying Conservative Principles To Immigration | Marco Rubio @ RedState - 0 views

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    Excellent explanation of Senator Rubio's Immigration plan. excerpts: First, we would modernize our legal immigration system. In essence, we create one that meets the needs this country has in this new century. For example, while I support our family-based system of immigration, we can no longer afford to have less than ten percent of our immigration based on skill and talent. We need a functional guest worker program so that, in times of low unemployment and rapid economic growth, our industries have the labor they need to continue growing. And we need an agricultural worker program that allows our growers to contract the seasonal and year round labor they need legally. Second, we need real enforcement mechanisms. An employment verification system is the key to this. We have the technology to implement such a system, so we just need to do it. Over 40 percent of our illegal immigrants entered legally and overstayed their visas. That's why we need to have a complete system of tracking the entry and exit of visitors, using the technologies available to us today. And we need to achieve control of our borders. This is not just an immigration issue; this is a national security and sovereignty issue. And it can be done. The southern border is actually divided into nine separate sectors. There has been progress made in some sectors and not enough on others. We need to establish the high probability of intercepting illegal crossings in each of these sectors in a timely and effective manner. And third, we have to deal with those who are here now without documents. I am not happy about the fact that we face this problem. But we do. Most of these are people who will be here for the rest of their lives with or without documents, so it is in our best interest to deal with them and to make sure this never happens again." "As I have clearly stated, I will not engage in a bidding war with the President to see who can come up with the fastest and cheapest path to citizenship. T
Gary Edwards

Still the Law of the Land? - The Constitution - 0 views

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    Heritage Foundation white paper: Forward: The commemoration of the bicentennial of the United States Constitution should be an occasion of festivity tempered by solemn gratitude for the gift our Founding Fathers bequeathed to us. But if the Constitution is to survive as something more than an abstract symbol - a parchment counterpart of the Statue of Liberty - the celebration must also be the occasion for broadened public awareness of the principles of constitutional government. For the anniversary comes at a time of grave crisis in our constitutional history. The federal judiciary, originally designed as part of a carefully balanced mechanism in which it shared guardianship of the Constitution with the executive, the two houses of Congress, and the state governments, has gradually taken sole custody unto itself, proclaiming that its decisions and not the Constitution are the supreme law of the land. What is even more dangerous, the Supreme Court has, during the last two or three decades, become progressively more blatant in disregarding the Constitution and arriving at decisions on the basis of the justices' ideological predilections in regard to "social progress" and "human dignity." These usurpations are compatible neither with the idea of constitutional government nor with the ideal of a government of laws. All the essays in this volume are, in one way or another, addressed to this problem, its ramifications, and its implications. They are the product of long, deep, and careful research and reflection; but, though they are appropriately cast in the muted tones of scholarship, collectively they sound an alarm bell in the night. Every thinking and public-spirited American can learn from their message. For two centuries the Constitution has provided the American people with a framework of limited government, designed for liberty. It is up to us to preserve that framework for our posterity, even as the Founders created it for theirs. Next year we will celebr
Gary Edwards

The Trump Bubble - 0 views

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    "Donald Trump has a plan for dealing with the stock market bubble. Make it bigger. Before the election candidate Trump blasted Federal Reserve chairman Janet Yellen for keeping interest rates too low for too long to keep the economy humming along while Obama was still in office. The president elect accused Yellen of being politically motivated suggesting that the Fed's policies had put the country at risk of another stock market Crash like 2008. "If rates go up, you're going to see something that's not pretty," Trump told Fox News in an interview in September. "It's all a big bubble." Yellen of course denied Trump's claims saying, "We do not discuss politics at our meetings, and we do not take politics into account in our decisions." As we shall see later in this article, Yellen was lying about the political role the Fed plays in setting policy, in fact, last week's FOMC statement clearly establishes the Fed as basically a political institution that implements an agenda that serves a very small group of powerful constituents, the 1 percent. If serving the interests of one group over all of the others is not politics, than what is it? The problem we have with Trump is not his critique of the market or the Fed. The problem is his remedy which can be sussed out by reviewing his economic plan. Trump wants to slash personal and corporate taxes in order to put more money into the economy to increase business investment, boost hiring, and rev up growth. Regrettably, his tax plan achieves none of these. First of all, slashing taxes for the wealthy does not boost growth. We know that. It doesn't work. Period."
Gary Edwards

Gang of 545 and The Basic Flaw by Charley Reese - 2 views

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    Enough said.  Beautifully done Charlie! intro: Politicians are the only people in the world who create problems and then campaign against them. Have you ever wondered why, if both the Democrats and the Republicans are against deficits, we have deficits? Have you ever wondered why, if all the politicians are against inflation and high taxes, we have inflation and high taxes? You and I don't propose a federal budget. The president does. You and I don't have the Constitutional authority to vote on appropriations. The House of Representatives does. You and I don't write the tax code. Congress does. You and I don't set fiscal policy. Congress does. You and I don't control monetary policy. The Federal Reserve Bank does. One hundred senators, 435 congressmen, one president and nine Supreme Court justices - 545 human beings out of the 235 million - are directly, legally, morally and individually responsible for the domestic problems that plague this country.
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    Bay Area Patriot Group post
Gary Edwards

The Biggest Financial Scam In World History           : Information Clearing House - 0 views

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    Marbux sent me this link to series of videos explaining the LiBOR bankster crisis.  The awesome Bill Black is featured in two of the video interviews.  Others include Matt Taibi of the Rolling Stone Magazine.  Matt's work on bankster criminals is legendary.  This is incredible stuff.  Very heated.  Clearly we are at the heart of the largest criminal fraud ever perpetrated, and it involves the worlds largest banksters.  Including the Queen of England (Bank of England).  $800 Trillion in fraud.  Incredible. Yes, the Libor Scandal Affects You By Jack Hough July 06, 2012 "Smart Money" - -A liger is a cross between a lion and a tiger. Libor, on the other hand, is a daily approximation of what banks charge each other for loans. It turns out only one of these things is real. Awkwardly, it's not the one used to set prices on an estimated $800 trillion in global financial instruments, or $116,000 worth for each person on earth, ranging from complex derivatives to student loans. That's a problem for holders of bank stocks - which includes just about anyone who owns a mutual fund or 401(k). Barclays (BCS) agreed last week to pay $453 million to settle allegations that it manipulated Libor, which stands for London interbank offered rate. As The Wall Street Journal reported Thursday, it's likely only the first: More than a dozen banks on three continents are under investigation. Libor is compiled by asking 18 banks what they think they would pay if they needed money. Some banks may have submitted artificially low responses during the global financial crisis to give the appearance of high creditworthiness. Others may have tinkered with the reading to profit from trades, or avoid losses. The Barclays settlement is affordable, at less than 7% of the company's projected profits this year, but the size of legal claims it and other banks face is difficult to imagine. Trial lawyers will do their best to work out the sums, of course. Libor may have been subject
Gary Edwards

The Problem with Socialism is Socialism! | Devil At My Doorstep's Blog - 0 views

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    Big Government, totalitarianism, power, greed, central planning, redistribution of wealth, restrictions on personal freedom, no ownership of personal property, no self determination, government entitlements, no secret ballot elections, lack of incentive to succeed, government watchdogs, political elitism, government control and intervention, sameness, tyranny, violence, intimidation, coercion, pressure and social engineering are all characteristics of Socialism. History is replete with socialist regimes, like Nazi Germany and socialist Russia, which have imploded and failed. The simple problem is government or institutions created in or morphed into this likeness cannot create or invent and eventually fail. The free markets of Capitalism are the inverse of the above. It is the only system that has lifted all of mankind, at every level, to a higher standard of living. It is the only system that allows individuals the opportunity for self determination based on their abilities and effort. It promotes ingenuity, self-reliance, diversity, innovation, creation, prosperity and, yes, wealth. It continues to advance the prosperity of all individuals unless destroyed from within, like Greece and Rome when they moved towards totalitarianism and away from democracy!
Gary Edwards

Limbaugh on Obama's 'Chip on His Shoulder,' the Phenomenon of the 'Not-Romney' and the GOP's Fear of Conservatives - Interviews - On the Record - Fox News - 0 views

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    Awesome!  Once again Rush takes us to school. excerpt: VAN SUSTEREN: I guess I mean a motive to -- an intentional motive to hurt the country, versus his (Obama) ideology is one that the way you achieve ideals is different values. LIMBAUGH: This is the question. We are living under a number of assumptions about Obama that have been presented to us by elites of both parties. One of the illusions is Obama's brilliant, that he's smarter than anybody else in the room, messianic. We have never had a politician like this in our midst, we were told in 2007, 2008. Nobody like Obama has ever trod our soil. He was going to unify us. The world was going to love us again. It's going to lower the sea levels. I mean, ridiculous stuff. So the question is, is he just dumb? Does he really believe this economic stuff? Does he really believe that taking capital, money out of the private sector and transferring it to government and unions is the way you grow the private sector? Is that the way (INAUDIBLE) Does he really believe that? Is he that ill educated? Is he the product of nothing other than the American education system and whoever influenced him at home when he was young? Or is he an ideologue? Is he a Marxist socialist who has an agenda that's oriented toward cutting the country down to size? I mean, that's the question. For me, the answer to the question is irrelevant. I think that whatever he's doing, why he's doing it, it's obvious he is doing it. He is taking steps, these 10 policies that are injurious to the country, injurious to individuals, targeting as the enemy the people who work in this country, targeting as the enemy that people that pay taxes. This business of this Occupy Wall Street crowd, which is his -- it was created I think on the basis that Romney was going to be the Republican nominee. Romney's Wall Street, so you get Obama's band out there, Occupy Wall Street, protesting. It was set up to oppose Romney -- Wall Street blamed for all these ills in the e
Gary Edwards

Problem Bank List - powered by FeedBurner - 0 views

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    Very interesting perspective on why Banks are taking down the world economy.  Starts with discussion on the Clinton 1994 Interstate Banking Act that allowed banks to cross over State lines and consolidate services.  Lots of acquisitions.  Propensity by Banksters to take larger risks. Interesting question for fixing the Bankster problem: tougher government regulation and micro management rules OR capitalism?  Let government take over, or let the free market sort things out?  quote: " Right now, we have the worst of both worlds. We have a purportedly capitalistic system with a lot of rules that are not strictly enforced, and when things go wrong, the government steps in to protect banks from the market consequences of their own worst decisions. To me, that's not capitalism."
Gary Edwards

Paul Ryan: My Plan to Save America - 0 views

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    "Newsmax asked vice presidential candidate Rep. Paul Ryan to provide his prescription for fixing the American economy and a defense of his proposed agenda, in light of the Obama's administration's refusal to address out-of-control entitlements. Here is his exclusive Newsmax Op-Ed. When President Barack Obama took office in 2009, he assumed a degree of command over the federal government that few U.S. presidents have enjoyed. His party had just enlarged its already-large majority in the House of Representatives, and gained a filibuster-proof majority in the Senate. The president enjoyed tremendous popularity following his historic victory. During his campaign, then-Sen. Obama argued that what had stopped us from meeting our nation's greatest challenges had been "the failure of leadership, the smallness of our politics - the ease with which we're distracted by the petty and trivial, our chronic avoidance of tough decisions, our preference for scoring cheap political points instead of rolling up our sleeves and building a working consensus to tackle big problems." To solve this problem, he pledged to help us "rediscover our bonds to each other and get out of this constant, petty bickering that's come to characterize our politics." Urgent: See Newsmax's Special Report on Paul Ryan - Includes Exclusive Interview The last three and a half years of divisive politics and broken promises have been disappointing. "
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    A few random thoughts on the budgetary gridlock in Congress: -- The elephant in the room that both parties are ignoring is bankster control of the money supply. Any budgetary reform is doomed unless the power of banksters to print as many dollars as they want is eliminated. In terms of purchasing power, the incredible dilution of the dollar's value that commenced when we abandoned the gold standard has put massive upward pressure on prices and budgets, both governmental and private. The Constitution explicitly forbids anything other than gold or silver to be used for payment of debts. -- Both parties and Obama have been guilty of drawing lines in the sand as preconditions to negotiation. E.g., no entitlement cuts, increased taxes on the wealthy, no defense cuts, no new taxes, etc. These are terms of surrender, not terms of negotiation, akin to an advertising campaign based on the fine print of the sales agreement rather than on why the customer should buy the product. As any successful negotiator knows, the keys to a successful negotiation are: [i] agreeing at the outset that there s no deal until all terms have been agreed to; and [ii] focusing on what you are willing to offer the other side as incentives to agree to a deal, not on areas of disagreement. A successful negotiation results in a deal where both sides feel that the deal puts them ahead of where they began. -- Arguing over pre-conditions is not negotiation; it is no more than a lame excuse for not negotiating. But that is what the White House and both parties have been doing. -- By functioning as an echo chamber for preconditions to negotiation, constituents, wittingly or not, aid in prevention of serious negotiation. Serious negotiation has no substantive preconditions; everything is on the table. And the focus is on what each side is willing to give the other if the entire deal is agreed to, not on what each side is unwilling to offer. -- The major players in the White House and Congress alre
Gary Edwards

How can Obama say the economy is getting better? | Western Free Press - 0 views

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    Devastating charts comparing the percentage of Americans in the work force from January 2000 through February 2012.  The most interesting numbers show that the recession began in December of 2007, and ended in June of 2009 - yet it is after that June 2009 date that the % of Americans in the workforce begins to drop like a rock!  This is after the Obmaulous stimulous $1.2 Trillion, the Federal Reserve Bankster Cartels secret $16.1 Trillion, and, the magnificent cash-for-clunkers crap. Meanwhile, back in la la land, Obama thinks the problem is that we all need free contraceptives, free abortions and free sex-change coverage in our health insurance.  The Obama Spend-Borrow-Bail train has left the station.  Next stop?  War with Iran.  More powerful a phony narrative than contraceptives, abortions, and fear of a conservative repubican praying in the White House.  Besides, those bastards are refusing to use the dollar as the settlement currency for their oil sales!  Time to put them in the dirt along with that rogues gallery of tyrants who also defied the Federal Reserve International Bankster Cartel, demanding settlement currencies measured in GOLD instead of paper dollars; gallery includes notables such as Saddam Hussein, Muammar Gaddafi, and the Shah of Iran. Nothing like the Marines and the Seventh Fleet being unleashed to turn around the dismal poll numbers stubbornly connected to the even more dismal disaster known throughout the hinterland of bitter clingers as the economic truth. excerpt: Is President Obama relying on the Bureau of Labor statistics to manipulate the unemployment numbers to make them look better than they are? The real rate is probably more like 11.5%, and we have seen analyses that indicate that unemployment hasn't actually fallen at all under Obama: So what is going on here? The big problem is that people are giving up. Obama and the Democrats' job-killing regulations and climate of uncertainty are stifling innovation and inv
Gary Edwards

A Lesson in Economics | Liberty News Network - 0 views

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    Good primer on world economics.  First of a three part series, focusing on the basic economic terms and the certain bankruptcy-default of Greece.  Short explanation of the Euro  "Greek Bailout" dance we see today, and how it all about buying time for Big Euro Banksters to unload their Greek debt before the inevitable collapse. excerpt: The measure you're seeing frequently, especially in reference to Greece is "debt to GDP", or the amount of sovereign debt - debt guaranteed by the "full faith and credit" of a nation - compared to the nation's GDP. Anything over 120% is generally considered "not sustainable", in other words the country is in a position where they will not be able to make the interest payments on their debt and will likely default unless drastic measures are taken. Greece is running about 160%. Here's an important note. Look back at the definition of GDP and take special note that one of the elements of it is government spending. In other words, the federal government has the ability to impact the GDP - and create the perception of economic growth and stability - by borrowing money and increasing spending - and governments across the world, including the US, have been doing it for decades. OK. let's talk about Greece. And why a little country in the Mediterranean is getting all this attention. Greece is a socialist country whose population is declining at a rapid rate and whose government employees, who represent 10% of their workforce, are retiring at rapid pace with fixed retirement benefits that approach what they were making when they worked. Right now Greece spends 12% of their GDP on public pensions and that's going to go up dramatically because their population is aging rapidly. Their public debt, held primarily by other European countries and the European Central Bank (ECB) is running 160% of their GDP and their last round of bond sales produced interest rates of 17%. Their problem is exacerbated by the fa
Gary Edwards

Why Bitcoin Matters | Marc Andreessen - 0 views

  • First, Bitcoin at its most fundamental level is a breakthrough in computer science – one that builds on 20 years of research into cryptographic currency, and 40 years of research in cryptography, by thousands of researchers around the world. Bitcoin is the first practical solution to a longstanding problem in computer science called the Byzantine Generals Problem. To quote from the original paper defining the B.G.P.: “[Imagine] a group of generals of the Byzantine army camped with their troops around an enemy city. Communicating only by messenger, the generals must agree upon a common battle plan. However, one or more of them may be traitors who will try to confuse the others. The problem is to find an algorithm to ensure that the loyal generals will reach agreement.” More generally, the B.G.P. poses the question of how to establish trust between otherwise unrelated parties over an untrusted network like the Internet.
  • The practical consequence of solving this problem is that Bitcoin gives us, for the first time, a way for one Internet user to transfer a unique piece of digital property to another Internet user, such that the transfer is guaranteed to be safe and secure, everyone knows that the transfer has taken place, and nobody can challenge the legitimacy of the transfer. The consequences of this breakthrough are hard to overstate. What kinds of digital property might be transferred in this way? Think about digital signatures, digital contracts, digital keys (to physical locks, or to online lockers), digital ownership of physical assets such as cars and houses, digital stocks and bonds … and digital money. All these are exchanged through a distributed network of trust that does not require or rely upon a central intermediary like a bank or broker. And all in a way where only the owner of an asset can send it, only the intended recipient can receive it, the asset can only exist in one place at a time, and everyone can validate transactions and ownership of all assets anytime they want.
  • How does this work?
  • ...5 more annotations...
  • Bitcoin is a digital bearer instrument. It is a way to exchange money or assets between parties with no pre-existing trust: A string of numbers is sent over email or text message in the simplest case. The sender doesn’t need to know or trust the receiver or vice versa. Related, there are no chargebacks – this is the part that is literally like cash – if you have the money or the asset, you can pay with it; if you don’t, you can’t. This is brand new. This has never existed in digital form before. Bitcoin is a digital currency, whose value is based directly on two things: use of the payment system today – volume and velocity of payments running through the ledger – and speculation on future use of the payment system. This is one part that is confusing people. It’s not as much that the Bitcoin currency has some arbitrary value and then people are trading with it; it’s more that people can trade with Bitcoin (anywhere, everywhere, with no fraud and no or very low fees) and as a result it has value.
  • Bitcoin is an Internet-wide distributed ledger. You buy into the ledger by purchasing one of a fixed number of slots, either with cash or by selling a product and service for Bitcoin. You sell out of the ledger by trading your Bitcoin to someone else who wants to buy into the ledger. Anyone in the world can buy into or sell out of the ledger any time they want – with no approval needed, and with no or very low fees. The Bitcoin “coins” themselves are simply slots in the ledger, analogous in some ways to seats on a stock exchange, except much more broadly applicable to real world transactions. The Bitcoin ledger is a new kind of payment system. Anyone in the world can pay anyone else in the world any amount of value of Bitcoin by simply transferring ownership of the corresponding slot in the ledger. Put value in, transfer it, the recipient gets value out, no authorization required, and in many cases, no fees. That last part is enormously important. Bitcoin is the first Internetwide payment system where transactions either happen with no fees or very low fees (down to fractions of pennies). Existing payment systems charge fees of about 2 to 3 percent – and that’s in the developed world. In lots of other places, there either are no modern payment systems or the rates are significantly higher. We’ll come back to that.
  • Why would any merchant – online or in the real world – want to accept Bitcoin as payment, given the currently small number of consumers who want to pay with it? My partner Chris Dixon recently gave this example: “Let’s say you sell electronics online. Profit margins in those businesses are usually under 5 percent, which means conventional 2.5 percent payment fees consume half the margin. That’s money that could be reinvested in the business, passed back to consumers or taxed by the government. Of all of those choices, handing 2.5 percent to banks to move bits around the Internet is the worst possible choice. Another challenge merchants have with payments is accepting international payments. If you are wondering why your favorite product or service isn’t available in your country, the answer is often payments.” In addition, merchants are highly attracted to Bitcoin because it eliminates the risk of credit card fraud. This is the form of fraud that motivates so many criminals to put so much work into stealing personal customer information and credit card numbers. Since Bitcoin is a digital bearer instrument, the receiver of a payment does not get any information from the sender that can be used to steal money from the sender in the future, either by that merchant or by a criminal who steals that information from the merchant.
  • What’s the future of Bitcoin?
  • Bitcoin is a classic network effect, a positive feedback loop. The more people who use Bitcoin, the more valuable Bitcoin is for everyone who uses it, and the higher the incentive for the next user to start using the technology. Bitcoin shares this network effect property with the telephone system, the web, and popular Internet services like eBay and Facebook. In fact, Bitcoin is a four-sided network effect. There are four constituencies that participate in expanding the value of Bitcoin as a consequence of their own self-interested participation. Those constituencies are (1) consumers who pay with Bitcoin, (2) merchants who accept Bitcoin, (3) “miners” who run the computers that process and validate all the transactions and enable the distributed trust network to exist, and (4) developers and entrepreneurs who are building new products and services with and on top of Bitcoin. All four sides of the network effect are playing a valuable part in expanding the value of the overall system, but the fourth is particularly important.
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    WOW! This is the must read article of the year. Great explanation of Bitcoin; what it is, how it works, and why it is so significant. Excellent analysis!
Gary Edwards

The US government has betrayed the internet. We need to take it back | Bruce Schneier | Comment is free | The Guardian - 0 views

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    "The USA Government has betrayed the Internet. We need to take it back. The NSA has undermined a fundamental social contract. We engineers built the Internet - and now we have to fix it and take it back." "Government and industry have betrayed the internet, and us. By subverting the internet at every level to make it a vast, multi-layered and robust surveillance platform, the NSA has undermined a fundamental social contract. The companies that build and manage our internet infrastructure, the companies that create and sell us our hardware and software, or the companies that host our data: we can no longer trust them to be ethical internet stewards. This is not the internet the world needs, or the internet its creators envisioned. We need to take it back. And by we, I mean the engineering community. Yes, this is primarily a political problem, a policy matter that requires political intervention. But this is also an engineering problem, and there are several things engineers can - and should - do."
Gary Edwards

1913: The Blow That Killed America 100 Years Ago - 0 views

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    "There is a lot of ruin in a nation," wrote Adam Smith. His point was that it takes a long time for nations to fall, even when they're dead on their feet. And he was certainly right. America took its fatal blow in 1913, one hundred years ago; it just hasn't hit the ground yet. This is a slow process, but it's actually fast compared to the Romans. It took them several centuries to collapse . The confusing thing about our current situation is that America - and by that I mean the noble America that so many of us grew up believing was real - has long been poisoned. Its liver, kidneys, and spleen have all stopped functioning. Its heart beats slowly and irregularly. But it still stands on its feet and presents itself as alive to all those who would let their eyes fool them. And I'm not without sympathy for those who want to believe. They find themselves in a world where politics is almighty, and where their comfort, prosperity, and perhaps their survival all hang in a delicate balance. They don't want to upset anything, and questioning the bosses is a good way to get yelled at. But just because someone wants to believe doesn't make it so. We are not children and we are not powerless. We Producers should never be intimidated by those who live at our expense. So let's start looking at the facts. 1913: The Horrible Year For all the problems America had prior to 1913 (including the unnecessary and horrifying Civil War), nothing spelled the death of the nation like the horrors of 1913. Here are the key dates: February 3rd : The 16th Amendment to the United States Constitution was ratified, authorizing the Federal government to impose income taxes on individuals. An amendment to a tariff act in 1894 had attempted to do this, but since it was clearly unconstitutional, the Supreme Court struck it down. As a result - and mostly under the banner of bleeding the rich - the 16th amendment was promoted and passed. As a result, the Revenue Act of 1
Gary Edwards

Bankers Get $4 Trillion Gift From Barney Frank: David Reilly - Bloomberg - 1 views

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    excerpt: "While banks opposed the legislation, they should cheer for its passage by the full Congress in the New Year: There are huge giveaways insuring the government will again rescue banks and Wall Street if the need arises. Nuggets Gleaned Here are some of the nuggets I gleaned from days spent reading Frank's handiwork: -- For all its heft, the bill doesn't once mention the words "too-big-to-fail," the main issue confronting the financial system. Admitting you have a problem, as any 12- stepper knows, is the crucial first step toward recovery. -- Instead, it supports the biggest banks. It authorizes Federal Reserve banks to provide as much as $4 trillion in emergency funding the next time Wall Street crashes. So much for "no-more-bailouts" talk. That is more than twice what the Fed pumped into markets this time around. The size of the fund makes the bribes in the Senate's health-care bill look minuscule. -- Oh, hold on, the Federal Reserve and Treasury Secretary can't authorize these funds unless "there is at least a 99 percent likelihood that all funds and interest will be paid back." Too bad the same models used to foresee the housing meltdown probably will be used to predict this likelihood as well. More Bailouts -- The bill also allows the government, in a crisis, to back financial firms' debts. Bondholders can sleep easy -- there are more bailouts to come. -- The legislation does create a council of regulators to spot risks to the financial system and big financial firms. Unfortunately this group is made up of folks who missed the problems that led to the current crisis. -- Don't worry, this time regulators will have better tools. Six months after being created, the council will report to Congress on "whether setting up an electronic database" would be a help. Maybe they'll even get to use that Internet thingy. -- This group, among its many powers, can restrict the ability of a financial firm to trade for its own account. Perha
Gary Edwards

Can Inner-City Gangsters Be Stopped? - LewRockwell.com - 1 views

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    Solid libertarian thinking applied to a problem that continues to confound democrat socialists and republican statists. One thing missing from this excellent analysis; "follow the money". There are reasons for the madness of the left and the right. Follow the money and follow the power of government. excerpt: "Gang violence is afflicting some of our major cities, Chicago chief amongst them. As I write, there are reports coming in regarding a shooting of 13 people at a basketball court in the Second City. Fortunately, no one was killed in this episode. But a three year old boy is now in critical condition as a result of being shot, and the not unreasonable expectation is that retaliation from the aggrieved gang toward the perpetrators of this particular act will soon follow. According to USA Today, this bout of gunfire was due to a dispute between the Gangster Disciples and the Black P Stone Nation gang.  Neither is likely to sue the other in a court of law to settle their grievances with each other. The purpose of the present essay is to offer the libertarian solution to this problem of inner city gangs, shootings, violence. How can we radically reduce if not entirely eliminate these acts of barbarism? But before we offer the correct (e.g., libertarian) analysis of this situation, let us consider those offered, and now often implemented, by our friends on the left and the right. (We libertarians fit into neither of these categories. We are neither "liberals" nor "progressives" nor "socialists" nor "communists" nor "neighborhood organizers" nor "left-wingers" nor "Democrats."  Nor are we "conservatives" or "right-wingers" or "fascists" or "constitutionalists" or "Republicans." We are something apart and separate from both of them. We are libertarians. Hear us ROAR! )"
Gary Edwards

Restoring a Spirit of Liberty Will Solve America's Political Problems - 0 views

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    excerpt: "Personal Freedom or Political Paternalism? The real issue facing the United States concerns the soul of the American people. It is really about the kind of America that we will have in the 21st century. For decades the country has been moving away from it historical roots in a political philosophy of personal freedom and drifting further and further in the direction of political paternalism. The noose of government control has been tightening around the collective neck of the nation. More and more aspects of our lives have come under the supervision and manipulation of the government. The government educates our children; it provides us with retirement checks; it increasingly manages our health care and medical matters; it redistributes wealth from those deemed to have too much to those considered not to have enough; it regulates the food we eat, the places where we work and the way we produce, as well as signing off on the goods and services we buy. Government tries to ban what it decides is harmful for us to do or use, it oversees how and with whom we interact, and for what purposes, and it increasingly surveills every move we make and every phone call we take. Size of Government and Dependency In 1913, one hundred years ago, just before the beginning of the First World War, all levels of government - federal, state and local - taxed away and spent only about 8 percent of national income, leaving the remaining 92 percent in the pockets of the American people to spend as they considered best. Today, all levels of government siphon off and spend over 35 percent of national income. But what is important is not merely these numbers, however significant they are in understanding the drag of government on the productive private sector. More important is what they indicate about a psychology of dependency among the American people on the activities of the government. This is not simply those who may receive welfare checks, or who are directly emp
Paul Merrell

Remarks by President Obama in Address to the United Nations General Assembly | The White House - 0 views

  • Remarks by President Obama in Address to the United Nations General Assembly United Nations General Assembly Hall New York City, New York 10:13 A.M. EDT PRESIDENT OBAMA:  Mr. President, Mr. Secretary General, fellow delegates, ladies and gentlemen:  We come together at a crossroads between war and peace; between disorder and integration; between fear and hope. Around the globe, there are signposts of progress.  The shadow of World War that existed at the founding of this institution has been lifted, and the prospect of war between major powers reduced.  The ranks of member states has more than tripled, and more people live under governments they elected. Hundreds of millions of human beings have been freed from the prison of poverty, with the proportion of those living in extreme poverty cut in half.  And the world economy continues to strengthen after the worst financial crisis of our lives. 
  • And yet there is a pervasive unease in our world -- a sense that the very forces that have brought us together have created new dangers and made it difficult for any single nation to insulate itself from global forces.  As we gather here, an outbreak of Ebola overwhelms public health systems in West Africa and threatens to move rapidly across borders.  Russian aggression in Europe recalls the days when large nations trampled small ones in pursuit of territorial ambition.  The brutality of terrorists in Syria and Iraq forces us to look into the heart of darkness.
  • First, all of us -- big nations and small -- must meet our responsibility to observe and enforce international norms.  We are here because others realized that we gain more from cooperation than conquest. 
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  • Recently, Russia’s actions in Ukraine challenge this post-war order.  Here are the facts.  After the people of Ukraine mobilized popular protests and calls for reform, their corrupt president fled.  Against the will of the government in Kyiv, Crimea was annexed.  Russia poured arms into eastern Ukraine, fueling violent separatists and a conflict that has killed thousands.  When a civilian airliner was shot down from areas that these proxies controlled, they refused to allow access to the crash for days.  When Ukraine started to reassert control over its territory, Russia gave up the pretense of merely supporting the separatists, and moved troops across the border. This is a vision of the world in which might makes right -- a world in which one nation’s borders can be redrawn by another, and civilized people are not allowed to recover the remains of their loved ones because of the truth that might be revealed. America stands for something different.  We believe that right makes might -- that bigger nations should not be able to bully smaller ones, and that people should be able to choose their own future.
  • nd these are simple truths, but they must be defended. America and our allies will support the people of Ukraine as they develop their democracy and economy.  We will reinforce our NATO Allies and uphold our commitment to collective self-defense.  We will impose a cost on Russia for aggression, and we will counter falsehoods with the truth.  And we call upon others to join us on the right side of history -- for while small gains can be won at the barrel of a gun, they will ultimately be turned back if enough voices support the freedom of nations and peoples to make their own decisions. Moreover, a different path is available -- the path of diplomacy and peace, and the ideals this institution is designed to uphold.  The recent cease-fire agreement in Ukraine offers an opening to achieve those objectives.  If Russia takes that path -- a path that for stretches of the post-Cold War period resulted in prosperity for the Russian people -- then we will lift our sanctions and welcome Russia’s role in addressing common challenges.  After all, that’s what the United States and Russia have been able to do in past years -- from reducing our nuclear stockpiles to meeting our obligations under the Nuclear Nonproliferation Treaty, to cooperating to remove and destroy Syria’s declared chemical weapons.  And that’s the kind of cooperation we are prepared to pursue again -- if Russia changes course. 
  • This speaks to a central question of our global age -- whether we will solve our problems together, in a spirit of mutual interest and mutual respect, or whether we descend into the destructive rivalries of the past.  When nations find common ground, not simply based on power, but on principle, then we can make enormous progress.  And I stand before you today committed to investing American strength to working with all nations to address the problems we face in the 21st century.
  • America is pursuing a diplomatic resolution to the Iranian nuclear issue, as part of our commitment to stop the spread of nuclear weapons and pursue the peace and security of a world without them.  And this can only take place if Iran seizes this historic opportunity.  My message to Iran’s leaders and people has been simple and consistent:  Do not let this opportunity pass.  We can reach a solution that meets your energy needs while assuring the world that your program is peaceful.  America is and will continue to be a Pacific power, promoting peace, stability, and the free flow of commerce among nations.  But we will insist that all nations abide by the rules of the road, and resolve their territorial disputes peacefully, consistent with international law. 
  • In other words, on issue after issue, we cannot rely on a rule book written for a different century.  If we lift our eyes beyond our borders -- if we think globally and if we act cooperatively -- we can shape the course of this century, as our predecessors shaped the post-World War II age.  But as we look to the future, one issue risks a cycle of conflict that could derail so much progress, and that is the cancer of violent extremism that has ravaged so many parts of the Muslim world. Of course, terrorism is not new.  Speaking before this Assembly, President Kennedy put it well:  “Terror is not a new weapon,” he said.  “Throughout history it has been used by those who could not prevail, either by persuasion or example.”  In the 20th century, terror was used by all manner of groups who failed to come to power through public support.  But in this century, we have faced a more lethal and ideological brand of terrorists who have perverted one of the world’s great religions.  With access to technology that allows small groups to do great harm, they have embraced a nightmarish vision that would divide the world into adherents and infidels -- killing as many innocent civilians as possible, employing the most brutal methods to intimidate people within their communities.
  • I have made it clear that America will not base our entire foreign policy on reacting to terrorism.  Instead, we’ve waged a focused campaign against al Qaeda and its associated forces -- taking out their leaders, denying them the safe havens they rely on.  At the same time, we have reaffirmed again and again that the United States is not and never will be at war with Islam.  Islam teaches peace.  Muslims the world over aspire to live with dignity and a sense of justice.  And when it comes to America and Islam, there is no us and them, there is only us -- because millions of Muslim Americans are part of the fabric of our country. So we reject any suggestion of a clash of civilizations. Belief in permanent religious war is the misguided refuge of extremists who cannot build or create anything, and therefore peddle only fanaticism and hate.  And it is no exaggeration to say that humanity’s future depends on us uniting against those who would divide us along the fault lines of tribe or sect, race or religion.
  • But this is not simply a matter of words.  Collectively, we must take concrete steps to address the danger posed by religiously motivated fanatics, and the trends that fuel their recruitment.  Moreover, this campaign against extremism goes beyond a narrow security challenge.  For while we’ve degraded methodically core al Qaeda and supported a transition to a sovereign Afghan government, extremist ideology has shifted to other places -- particularly in the Middle East and North Africa, where a quarter of young people have no job, where food and water could grow scarce, where corruption is rampant and sectarian conflicts have become increasingly hard to contain.   As an international community, we must meet this challenge with a focus on four areas.  First, the terrorist group known as ISIL must be degraded and ultimately destroyed.
  • The second:  It is time for the world -- especially Muslim communities -- to explicitly, forcefully, and consistently reject the ideology of organizations like al Qaeda and ISIL.
  • Later today, the Security Council will adopt a resolution that underscores the responsibility of states to counter violent extremism.  But resolutions must be followed by tangible commitments, so we’re accountable when we fall short.  Next year, we should all be prepared to announce the concrete steps that we have taken to counter extremist ideologies in our own countries -- by getting intolerance out of schools, stopping radicalization before it spreads, and promoting institutions and programs that build new bridges of understanding.
  • Third, we must address the cycle of conflict -- especially sectarian conflict -- that creates the conditions that terrorists prey upon.
  • The good news is we also see signs that this tide could be reversed.  We have a new, inclusive government in Baghdad; a new Iraqi Prime Minister welcomed by his neighbors; Lebanese factions rejecting those who try to provoke war.  And these steps must be followed by a broader truce.  Nowhere is this more necessary than Syria.  Together with our partners, America is training and equipping the Syrian opposition to be a counterweight to the terrorists of ISIL and the brutality of the Assad regime.  But the only lasting solution to Syria’s civil war is political -- an inclusive political transition that responds to the legitimate aspirations of all Syrian citizens, regardless of ethnicity, regardless of creed.
  • My fourth and final point is a simple one:  The countries of the Arab and Muslim world must focus on the extraordinary potential of their people -- especially the youth.
  • We recognize as well that leadership will be necessary to address the conflict between Palestinians and Israelis.  As bleak as the landscape appears, America will not give up on the pursuit of peace.  Understand, the situation in Iraq and Syria and Libya should cure anybody of the illusion that the Arab-Israeli conflict is the main source of problems in the region.  For far too long, that's been used as an excuse to distract people from problems at home.  The violence engulfing the region today has made too many Israelis ready to abandon the hard work of peace.  And that's something worthy of reflection within Israel.
  • Because let’s be clear:  The status quo in the West Bank and Gaza is not sustainable.  We cannot afford to turn away from this effort -- not when rockets are fired at innocent Israelis, or the lives of so many Palestinian children are taken from us in Gaza. So long as I am President, we will stand up for the principle that Israelis, Palestinians, the region and the world will be more just and more safe with two states living side by side, in peace and security. So this is what America is prepared to do:  Taking action against immediate threats, while pursuing a world in which the need for such action is diminished.  The United States will never shy away from defending our interests, but we will also not shy away from the promise of this institution and its Universal Declaration of Human Rights -- the notion that peace is not merely the absence of war, but the presence of a better life. 
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    Epic hypocrisy. He bows to international law while waging multiple wars in direct defiance of it. And that's just in the first few paragraphs. It gets worse the farther he gets in his speech.
Paul Merrell

Israel losing Democrats, 'can't claim bipartisan US support,' top pollster warns | The Times of Israel - 0 views

  • hree quarters of highly educated, high income, publicly active US Democrats — the so-called “opinion elites” — believe Israel has too much influence on US foreign policy, almost half of them consider Israel to be a racist country, and fewer than half of them believe that Israel wants peace with its neighbors. These are among the findings of a new survey carried out by US political consultant Frank Luntz
  • Detailing the survey results to The Times of Israel on Sunday, Luntz called the findings “a disaster” for Israel. He summed them up by saying that the Democratic opinion elites are converting to the Palestinians, and “Israel can no longer claim to have the bipartisan support of America.” He said he “knew there was a shift” in attitudes to Israel among US Democrats “and I have been seeing it get worse” in his ongoing polls. But the new findings surprised and shocked him, nonetheless. “I didn’t expect it to become this blatant and this deep.” A prominent US political consultant known best for his work with Republicans, Luntz is meeting with a series of high-level Israeli officials this week to discuss the survey and consult on how to grapple with the trends it exposes.
  • “Israel has won the hearts and minds of Republicans in America, while at the same time it is losing the Democrats,” he said. On US politics, “I’m right of center,” he added. “But the Israeli government and US Jews have to focus on repairing relations with the Democrats.” Luntz put a series of largely Israel-related questions to 802 members of the opinion elites and his findings have a 3.5% margin of error. The survey, sponsored by the Jewish National Fund, was conducted last week. Among the key findings: • Asked about Israeli influence on US foreign policy, an overwhelming 76% of Democrats, as compared to 20% of Republicans, said Israel has “too much influence.” • Asked whether Israel is a racist country, 47% of Democrats agreed it is, as opposed to 13% of Republicans. Another 21% of Democrats didn’t know or were neutral (as opposed to 12% of Republicans), and only 32% of Democrats disagreed when asked if Israel is a racist country, as opposed to 76% of Republicans. (Overall 32% of those polled said Israel is a racist country.)
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  • • Asked whether Israel wants peace with its neighbors, while an overwhelming 88% of Republicans said it does, a far lower 48% of Democrats agreed. Another 21% of Democrats didn’t know or were neutral (as compared to 7% of Republicans). And 31% of Democrats did not think Israel wants peace (as compared to 5% of Republicans). • Asked whether they would be more likely to vote for a local politician who supported Israel and its right to defend itself, an overwhelming 76% of Republicans said yes, but only 18% of Democrats said yes. Meanwhile, only 7% of Republicans — but 32% of Democrats — said they would be less likely to support a local politician who backed Israel. • Asked whether they would be more likely to vote for a local politician who criticized Israeli occupation and mistreatment of Palestinians, 45% of Democrats said yes, compared to just 6% of Republicans. Asked whether they would be less likely to vote for a local politician who criticized Israeli occupation and mistreatment of Palestinians, a whopping 75% of Republicans said yes, compared to just 23% of Democrats.
  • • Asked whether the US should support Israel or the Palestinians, a vast 90% of Republicans and a far lower 51% of Democrats said Israel. Another 8% of Republicans and 31% of Democrats were neutral. And 18% of Democrats said the Palestinians, compared to 2% of Republicans. Overall, 68% of those polled said the US should support Israel, and 10% said the US should support the Palestinians. • Asked about which side they themselves support, 88% of Republicans and 46% of Democrats said they were “pro-Israeli” while 4% of Republicans and 27% of Democrats said they were “pro-Palestinian.” • Asked if settlements are an impediment to peace, 75% of Democrats and 25% of Republicans agreed.
  • A specialist in finding and testing the language that can impact public opinion, Luntz was vehement that Israel’s “messaging” has to be different if support for Israel among US Democrats is to be revived. “Obviously, policy has something to do with it, but the messaging is critical,” he said. “And the Republicans have to realize that their rhetoric is part of the problem: It’s not security that needs to be highlighted, but [Israel’s] social justice and human rights.” Underlining Israel’s role in protecting human rights and promoting equality could be particularly resonant, he said. The “words that work best” among Republicans, he said, are those along the lines of, “Israel is our strongest ally in the Middle East, and attempts to destroy the country economically and politically could do direct harm to the United States.” By contrast, the “words that work best” among Democrats are those to the effect that, “We should be encouraging more communication and cooperation, not less. We should be encouraging more diplomacy and discussion, not less.”
  • More specifically, when it comes to the most effective messaging, Luntz found that the statement “Women in Israel have exactly the same rights as men. No other Middle Eastern country offers women fully equal rights” was particularly well received among Democrats, as was the declaration, “Everyone in Israel is free to practice their religion and worship their God. No other Middle Eastern country offers similar religious protections.” By contrast, responses were markedly less positive to statements about the need for a Jewish homeland after the Holocaust, Israeli claims to the Holy Land, and Israel’s start-up technology prowess. Widely resonant among all those polled, he found, was the statement that “Despite the ongoing conflict with Gaza, Israel still donates tens of millions in humanitarian aid to Palestinians and opens its hospitals to treat them.”
  • “They don’t care about the ‘Start-Up Nation,'” he said flatly of American opinion elites in general. “It’s tragic that so much effort has been devoted to selling an image of Israel that many aren’t interested in buying.” Still more drastically, Luntz said the word “Zionism” could play no part in messaging designed to repair relations with US Democrats. There has to be an “end to the [use of the] word Zionism,” he said. “You can’t make the case if you use that word. If you are at Berkeley or Brown and start outlining a Zionist vision, you don’t get to make a case for Israel because they’ve already switched off.” He also predicted that Israel is in for “a lot more trouble” from the BDS (Boycott, Divestment & Sanctions) campaign. Once they had been informed about the BDS campaign, 19% of respondents supported it — 31% of Democrats and 3% of Republicans. And, stressed Luntz, 60% of America’s opinion elites said they were not familiar with BDS. “Israel is already having trouble with BDS, and Americans don’t even know what it means. Can you imagine how bad it will get?”
  • He also foresaw a looming battle in the US over foreign aid to Israel. Some 33% of Democrats and 22% of Republicans, his poll found, were upset that “Israel gets billions and billions of dollars in funding from the US government that should be going to the American people.” Luntz also asked whether respondents see anti-Semitism as a problem in the US. Overall, 58% agreed with the idea that anti-Semitism is a problem in America (57% of Republicans and 64% of Democrats), compared to 28% who disagreed. “Non-Jews recognize the problem, even if some Israelis want to minimize it,” he said. Ironically, the poll also found, 50% of Democrats and 18% of Republicans (and 36% of all respondents) agreed with the proposition that “Jewish people are too hyper-sensitive and too often label legitimate criticisms of Israel as an anti-Semitic attack.”
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    So the cure is supposedly "better messaging" rather than substantive reforms in Israel. Anything but behave as a civilized nation. 
Gary Edwards

The American Spectator : Obama's Supreme Problem - 0 views

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    Can Obama Supreme Court nominee Elena Kagan take the oath of office required to serve on the Supreme Court?  Not if it means upholding the Constitution!  Come to think of it; no one in the Obama-Democratic regime can take that oath.  Including Professor Obama himself! One thing we can all agree on is that the Constitution is the foundation for our country, the main unifying element, what distinguishes us as America. It provides defined roles for the government, based on the profound recognition of the sinful tendency of mankind to abuse power. So why do liberal politicians have a problem when people bring it up? When Obama submitted his nominee to the Supreme Court, he didn't state the main qualification for any person who serves in government, the absence of which has lit a brushfire of discontent, fidelity to the Constitution. The bottom line of America's discontent and anger at Obama and the Democrats is their utter disregard for the Constitution. The concept of a limited government, restrained in what it can and should do, is foreign to them, while for most Americans it's in our DNA. This is what puts Obama at odds with so many Americans.
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