THESE ARE PATRIOTS And now we are "led" by a grifter from who knows where. The shame of it all is almost unbearable.
SUCCINCT, AND TO THE POINT: As clear a statement of conservative values as one is apt to find ever.
SADLY, MSM IS TOTALLY CORRUPTED Hard to know where we go from here!
Friday, March 6, 2015
Monday, March 2, 2015
Monday, March 2, 2015
CHRONY CAPITALISM BY CLINTONS These people do not play by the rules. They are third world operatives.
THE VIRUS IS STILL WITH US Obama is a socialist pure and simple. He's no more a Christian than Putin and for that matter, any Jew is a Christian.
NOVEL PERSPECTIVE ON SOCIALISM
Read more: http://www.americanthinker.com/articles/2015/03/a_marxist_view_of_the_democrats_entitlement_economy.html#ixzz3TFp0hCDc
Follow us: @AmericanThinker on Twitter | AmericanThinker on Facebook
THE VIRUS IS STILL WITH US Obama is a socialist pure and simple. He's no more a Christian than Putin and for that matter, any Jew is a Christian.
NOVEL PERSPECTIVE ON SOCIALISM
A Marxist View of the Democrats' Entitlement Economy
Karl Marx, considered the founding figure in the rise of communism, divided all persons into two classes: the bourgeoisie and the proletariat. Marx said that the bourgeoisie control all the wealth, they own the factories and other means of economic production, and they exploit and abuse the proletariat to profit off of their productivity or surplus value.
In the U.S. political arena, the Democrat Party has used the language of Marx in the sense of stating, as Marx did, that workers should enjoy better pay, a decent standard of living, and good health care. They are the political party that understands the needs of workers, so they say in every campaign. They are the defenders of the rights of Marx’s proletariat.
In the U.S. political arena, the Democrat Party has used the language of Marx in the sense of stating, as Marx did, that workers should enjoy better pay, a decent standard of living, and good health care. They are the political party that understands the needs of workers, so they say in every campaign. They are the defenders of the rights of Marx’s proletariat.
The one great characteristic of Marx’s theory of society is that it has is a great flaw, in that Marx only spoke about the private sector of the economy, he never talked about the public sector. But this oversight may be due to the fact that industrialized society was just beginning in the Western world when Marx wrote. He saw the new rise of capitalism/industrialism as having exploitive characteristics.
It is important to understand that Karl Marx never spoke of food stamps, welfare, and free health care as a remedy for the exploitation of the worker. He held that workers should unite together and run the government so that all are treated equally and no one class exploits the other; that the wages and benefits to workers should be fair and equitable. So when Democrats take the language of Marxism and use it to enable entitlement creation they are not following Marx’s theory of class society.
In the past eighty years Democrats chose to use the rhetoric of Marxism to construct an entitlement state. Since FDR the Democrat Party has also used its political power to expand government’s control of all aspects of life. This expansion has long outgrown its mission of reducing exploitation of workers and has created a new form of social exploitation. In short, Democrats have replaced Marx’s two classes, the bourgeoisie and proletariat, with two new, different classes based on government control of the economy and society. These two Democrat-created classes are the Democrat Bourgeoisie and the Entitlementariat.
To test if this Marxist view of the Democrats’ entitlement economy fits the economic and social facts, it is useful to review the social and economic status of the Democrat bourgeoisie and the entitlementariat.
The term entitlementariat is a good one, since those who are unfortunate enough to be members of this socio-economic class suffer the same abuses as proletarians under Marx’s notion of capitalism. One way to see if there is a fit is to simply exchange the word “Democrat” for capitalist and entitlementarian for proletarian in Marx’s work Das Capital. The term “Democrat power” can also be substituted for “wealth.” Since Democrats achieve power through wealth distribution, the term “entitlements” can be substituted for “capital.”
Marx wrote that under capitalism: “It follows therefore that in proportion as capital [entitlement] accumulates, the situation of the worker [entitlementarian] be his payment high or low, must grow worse… It [Democrat entitlements] makes an accumulation of misery a necessary condition, corresponding to the accumulation of wealth. [Democrat political power]… Accumulation of wealth [entitlements] at one pole is, therefore, at the same time the accumulation of misery, the torment of labour, slavery, ignorance, brutalization, and moral degradation as the opposite pole, i.e., on the side of the class that produces its own product as capital [Democrat power].
Marx spoke of the degradation of the proletariat under capitalism in terms that are identical to the degradation suffered by minority entitlementarians under Democrat rule in big cities: “…they distort the worker into a fragment of a man, they degrade him to the level of an appendage of a [Democrat political] machine, they destroy the actual content of his labour by turning it into a torment; they alienate from him the intellectual potentialities of the labour process… they drag his wife and child beneath the wheels of the juggernaut of capital [entitlements].” (Das Capital, Chapter 25, Part 4. “The General Law of capitalist Accumulation.”)
Democrats create highly segregated communities whose boundaries are defined by racism so that they could represent minority neighborhoods in elections. All racially segregated communities are under Democrat control and its residents suffer very high rates of poverty, single motherhood, crime, high dropout rates, high unemployment, zero economic growth, misery, and death. And the solutions Democrats always put forth to correct these social ills are always more community programs and entitlements. These programs only serve to expand their political control of the entitlementariat through dependency. The benefit the Democrat bourgoisie gets is political power. The racial segregation found in big cities is proof that the Democrat bourgeoisie creates and maintains the entitlementariat. Recently illegal immigration has been used to create anHispanic entitlementariat.
Through these tactics Democrats have moved the pendulum of exploitation away from the Marxist private sector back to the public sector. Like the Medieval power structure, Democrats base theirs on political boundaries which allows them to the electorate, and the more the electorate are forced to become members of the urban entitlementariat the more power Democrats have.
The entitlementariat may have replaced the proletariat but then one can ask if Marx’s bourgeoisie has been replaced by the Democrat Bourgeoisie. The answer is “yes” since Democrats, not Republicans, have created the entitlementariat and they have complete power over them. And just by coincidence they use this power to transfer the wealth of the nation to themselves through campaign contributors from public sector unions and accumulation of personal wealth.
Everywhere Democrat bourgeoisie are in power, the middle-class workers are exploited and subjugated, while those who are in poverty are forced into the entitlementariat. In Illinois, a prime example of a state dominated by Democrats, we can see what Democrats have done to transfer wealth away from the middle class in order to make themselves elite bourgeoisie and support the entitlementariat. Each household in Chicago now “owes” the Democrat bourgeoisie $88,000 for their pensions and bond debt. This amount increases weekly. And most of this debt was created through public pension funds that go only to members of the Democrat bourgeoisie. So middle-class workers have to subsidize the Democrat bourgeoisie’ retirement of leisure. Elite Democrat Bourgeoisie such as Harry Reid, Nancy Pelosi, and the Clintons all earn millions through their government “service.”
Up to now, since America is a wealthy country, it was temporarily able to afford to subsidize the entitlementariat. But no longer. The money needed to sustain the entitlementariat is obtained from national debt which will, in the long run, result in the oppression of the working class.
It is important to understand that Karl Marx never spoke of food stamps, welfare, and free health care as a remedy for the exploitation of the worker. He held that workers should unite together and run the government so that all are treated equally and no one class exploits the other; that the wages and benefits to workers should be fair and equitable. So when Democrats take the language of Marxism and use it to enable entitlement creation they are not following Marx’s theory of class society.
In the past eighty years Democrats chose to use the rhetoric of Marxism to construct an entitlement state. Since FDR the Democrat Party has also used its political power to expand government’s control of all aspects of life. This expansion has long outgrown its mission of reducing exploitation of workers and has created a new form of social exploitation. In short, Democrats have replaced Marx’s two classes, the bourgeoisie and proletariat, with two new, different classes based on government control of the economy and society. These two Democrat-created classes are the Democrat Bourgeoisie and the Entitlementariat.
To test if this Marxist view of the Democrats’ entitlement economy fits the economic and social facts, it is useful to review the social and economic status of the Democrat bourgeoisie and the entitlementariat.
The term entitlementariat is a good one, since those who are unfortunate enough to be members of this socio-economic class suffer the same abuses as proletarians under Marx’s notion of capitalism. One way to see if there is a fit is to simply exchange the word “Democrat” for capitalist and entitlementarian for proletarian in Marx’s work Das Capital. The term “Democrat power” can also be substituted for “wealth.” Since Democrats achieve power through wealth distribution, the term “entitlements” can be substituted for “capital.”
Marx wrote that under capitalism: “It follows therefore that in proportion as capital [entitlement] accumulates, the situation of the worker [entitlementarian] be his payment high or low, must grow worse… It [Democrat entitlements] makes an accumulation of misery a necessary condition, corresponding to the accumulation of wealth. [Democrat political power]… Accumulation of wealth [entitlements] at one pole is, therefore, at the same time the accumulation of misery, the torment of labour, slavery, ignorance, brutalization, and moral degradation as the opposite pole, i.e., on the side of the class that produces its own product as capital [Democrat power].
Marx spoke of the degradation of the proletariat under capitalism in terms that are identical to the degradation suffered by minority entitlementarians under Democrat rule in big cities: “…they distort the worker into a fragment of a man, they degrade him to the level of an appendage of a [Democrat political] machine, they destroy the actual content of his labour by turning it into a torment; they alienate from him the intellectual potentialities of the labour process… they drag his wife and child beneath the wheels of the juggernaut of capital [entitlements].” (Das Capital, Chapter 25, Part 4. “The General Law of capitalist Accumulation.”)
Democrats create highly segregated communities whose boundaries are defined by racism so that they could represent minority neighborhoods in elections. All racially segregated communities are under Democrat control and its residents suffer very high rates of poverty, single motherhood, crime, high dropout rates, high unemployment, zero economic growth, misery, and death. And the solutions Democrats always put forth to correct these social ills are always more community programs and entitlements. These programs only serve to expand their political control of the entitlementariat through dependency. The benefit the Democrat bourgoisie gets is political power. The racial segregation found in big cities is proof that the Democrat bourgeoisie creates and maintains the entitlementariat. Recently illegal immigration has been used to create anHispanic entitlementariat.
Through these tactics Democrats have moved the pendulum of exploitation away from the Marxist private sector back to the public sector. Like the Medieval power structure, Democrats base theirs on political boundaries which allows them to the electorate, and the more the electorate are forced to become members of the urban entitlementariat the more power Democrats have.
The entitlementariat may have replaced the proletariat but then one can ask if Marx’s bourgeoisie has been replaced by the Democrat Bourgeoisie. The answer is “yes” since Democrats, not Republicans, have created the entitlementariat and they have complete power over them. And just by coincidence they use this power to transfer the wealth of the nation to themselves through campaign contributors from public sector unions and accumulation of personal wealth.
Everywhere Democrat bourgeoisie are in power, the middle-class workers are exploited and subjugated, while those who are in poverty are forced into the entitlementariat. In Illinois, a prime example of a state dominated by Democrats, we can see what Democrats have done to transfer wealth away from the middle class in order to make themselves elite bourgeoisie and support the entitlementariat. Each household in Chicago now “owes” the Democrat bourgeoisie $88,000 for their pensions and bond debt. This amount increases weekly. And most of this debt was created through public pension funds that go only to members of the Democrat bourgeoisie. So middle-class workers have to subsidize the Democrat bourgeoisie’ retirement of leisure. Elite Democrat Bourgeoisie such as Harry Reid, Nancy Pelosi, and the Clintons all earn millions through their government “service.”
Up to now, since America is a wealthy country, it was temporarily able to afford to subsidize the entitlementariat. But no longer. The money needed to sustain the entitlementariat is obtained from national debt which will, in the long run, result in the oppression of the working class.
Karl Marx, considered the founding figure in the rise of communism, divided all persons into two classes: the bourgeoisie and the proletariat. Marx said that the bourgeoisie control all the wealth, they own the factories and other means of economic production, and they exploit and abuse the proletariat to profit off of their productivity or surplus value.
In the U.S. political arena, the Democrat Party has used the language of Marx in the sense of stating, as Marx did, that workers should enjoy better pay, a decent standard of living, and good health care. They are the political party that understands the needs of workers, so they say in every campaign. They are the defenders of the rights of Marx’s proletariat.
The one great characteristic of Marx’s theory of society is that it has is a great flaw, in that Marx only spoke about the private sector of the economy, he never talked about the public sector. But this oversight may be due to the fact that industrialized society was just beginning in the Western world when Marx wrote. He saw the new rise of capitalism/industrialism as having exploitive characteristics.
It is important to understand that Karl Marx never spoke of food stamps, welfare, and free health care as a remedy for the exploitation of the worker. He held that workers should unite together and run the government so that all are treated equally and no one class exploits the other; that the wages and benefits to workers should be fair and equitable. So when Democrats take the language of Marxism and use it to enable entitlement creation they are not following Marx’s theory of class society.
In the past eighty years Democrats chose to use the rhetoric of Marxism to construct an entitlement state. Since FDR the Democrat Party has also used its political power to expand government’s control of all aspects of life. This expansion has long outgrown its mission of reducing exploitation of workers and has created a new form of social exploitation. In short, Democrats have replaced Marx’s two classes, the bourgeoisie and proletariat, with two new, different classes based on government control of the economy and society. These two Democrat-created classes are the Democrat Bourgeoisie and the Entitlementariat.
To test if this Marxist view of the Democrats’ entitlement economy fits the economic and social facts, it is useful to review the social and economic status of the Democrat bourgeoisie and the entitlementariat.
The term entitlementariat is a good one, since those who are unfortunate enough to be members of this socio-economic class suffer the same abuses as proletarians under Marx’s notion of capitalism. One way to see if there is a fit is to simply exchange the word “Democrat” for capitalist and entitlementarian for proletarian in Marx’s work Das Capital. The term “Democrat power” can also be substituted for “wealth.” Since Democrats achieve power through wealth distribution, the term “entitlements” can be substituted for “capital.”
Marx wrote that under capitalism: “It follows therefore that in proportion as capital [entitlement] accumulates, the situation of the worker [entitlementarian] be his payment high or low, must grow worse… It [Democrat entitlements] makes an accumulation of misery a necessary condition, corresponding to the accumulation of wealth. [Democrat political power]… Accumulation of wealth [entitlements] at one pole is, therefore, at the same time the accumulation of misery, the torment of labour, slavery, ignorance, brutalization, and moral degradation as the opposite pole, i.e., on the side of the class that produces its own product as capital [Democrat power].
Marx spoke of the degradation of the proletariat under capitalism in terms that are identical to the degradation suffered by minority entitlementarians under Democrat rule in big cities: “…they distort the worker into a fragment of a man, they degrade him to the level of an appendage of a [Democrat political] machine, they destroy the actual content of his labour by turning it into a torment; they alienate from him the intellectual potentialities of the labour process… they drag his wife and child beneath the wheels of the juggernaut of capital [entitlements].” (Das Capital, Chapter 25, Part 4. “The General Law of capitalist Accumulation.”)
Democrats create highly segregated communities whose boundaries are defined by racism so that they could represent minority neighborhoods in elections. All racially segregated communities are under Democrat control and its residents suffer very high rates of poverty, single motherhood, crime, high dropout rates, high unemployment, zero economic growth, misery, and death. And the solutions Democrats always put forth to correct these social ills are always more community programs and entitlements. These programs only serve to expand their political control of the entitlementariat through dependency. The benefit the Democrat bourgoisie gets is political power. The racial segregation found in big cities is proof that the Democrat bourgeoisie creates and maintains the entitlementariat. Recently illegal immigration has been used to create anHispanic entitlementariat.
Through these tactics Democrats have moved the pendulum of exploitation away from the Marxist private sector back to the public sector. Like the Medieval power structure, Democrats base theirs on political boundaries which allows them to the electorate, and the more the electorate are forced to become members of the urban entitlementariat the more power Democrats have.
The entitlementariat may have replaced the proletariat but then one can ask if Marx’s bourgeoisie has been replaced by the Democrat Bourgeoisie. The answer is “yes” since Democrats, not Republicans, have created the entitlementariat and they have complete power over them. And just by coincidence they use this power to transfer the wealth of the nation to themselves through campaign contributors from public sector unions and accumulation of personal wealth.
Everywhere Democrat bourgeoisie are in power, the middle-class workers are exploited and subjugated, while those who are in poverty are forced into the entitlementariat. In Illinois, a prime example of a state dominated by Democrats, we can see what Democrats have done to transfer wealth away from the middle class in order to make themselves elite bourgeoisie and support the entitlementariat. Each household in Chicago now “owes” the Democrat bourgeoisie $88,000 for their pensions and bond debt. This amount increases weekly. And most of this debt was created through public pension funds that go only to members of the Democrat bourgeoisie. So middle-class workers have to subsidize the Democrat bourgeoisie’ retirement of leisure. Elite Democrat Bourgeoisie such as Harry Reid, Nancy Pelosi, and the Clintons all earn millions through their government “service.”
Up to now, since America is a wealthy country, it was temporarily able to afford to subsidize the entitlementariat. But no longer. The money needed to sustain the entitlementariat is obtained from national debt which will, in the long run, result in the oppression of the working class.
In the U.S. political arena, the Democrat Party has used the language of Marx in the sense of stating, as Marx did, that workers should enjoy better pay, a decent standard of living, and good health care. They are the political party that understands the needs of workers, so they say in every campaign. They are the defenders of the rights of Marx’s proletariat.
The one great characteristic of Marx’s theory of society is that it has is a great flaw, in that Marx only spoke about the private sector of the economy, he never talked about the public sector. But this oversight may be due to the fact that industrialized society was just beginning in the Western world when Marx wrote. He saw the new rise of capitalism/industrialism as having exploitive characteristics.
It is important to understand that Karl Marx never spoke of food stamps, welfare, and free health care as a remedy for the exploitation of the worker. He held that workers should unite together and run the government so that all are treated equally and no one class exploits the other; that the wages and benefits to workers should be fair and equitable. So when Democrats take the language of Marxism and use it to enable entitlement creation they are not following Marx’s theory of class society.
In the past eighty years Democrats chose to use the rhetoric of Marxism to construct an entitlement state. Since FDR the Democrat Party has also used its political power to expand government’s control of all aspects of life. This expansion has long outgrown its mission of reducing exploitation of workers and has created a new form of social exploitation. In short, Democrats have replaced Marx’s two classes, the bourgeoisie and proletariat, with two new, different classes based on government control of the economy and society. These two Democrat-created classes are the Democrat Bourgeoisie and the Entitlementariat.
To test if this Marxist view of the Democrats’ entitlement economy fits the economic and social facts, it is useful to review the social and economic status of the Democrat bourgeoisie and the entitlementariat.
The term entitlementariat is a good one, since those who are unfortunate enough to be members of this socio-economic class suffer the same abuses as proletarians under Marx’s notion of capitalism. One way to see if there is a fit is to simply exchange the word “Democrat” for capitalist and entitlementarian for proletarian in Marx’s work Das Capital. The term “Democrat power” can also be substituted for “wealth.” Since Democrats achieve power through wealth distribution, the term “entitlements” can be substituted for “capital.”
Marx wrote that under capitalism: “It follows therefore that in proportion as capital [entitlement] accumulates, the situation of the worker [entitlementarian] be his payment high or low, must grow worse… It [Democrat entitlements] makes an accumulation of misery a necessary condition, corresponding to the accumulation of wealth. [Democrat political power]… Accumulation of wealth [entitlements] at one pole is, therefore, at the same time the accumulation of misery, the torment of labour, slavery, ignorance, brutalization, and moral degradation as the opposite pole, i.e., on the side of the class that produces its own product as capital [Democrat power].
Marx spoke of the degradation of the proletariat under capitalism in terms that are identical to the degradation suffered by minority entitlementarians under Democrat rule in big cities: “…they distort the worker into a fragment of a man, they degrade him to the level of an appendage of a [Democrat political] machine, they destroy the actual content of his labour by turning it into a torment; they alienate from him the intellectual potentialities of the labour process… they drag his wife and child beneath the wheels of the juggernaut of capital [entitlements].” (Das Capital, Chapter 25, Part 4. “The General Law of capitalist Accumulation.”)
Democrats create highly segregated communities whose boundaries are defined by racism so that they could represent minority neighborhoods in elections. All racially segregated communities are under Democrat control and its residents suffer very high rates of poverty, single motherhood, crime, high dropout rates, high unemployment, zero economic growth, misery, and death. And the solutions Democrats always put forth to correct these social ills are always more community programs and entitlements. These programs only serve to expand their political control of the entitlementariat through dependency. The benefit the Democrat bourgoisie gets is political power. The racial segregation found in big cities is proof that the Democrat bourgeoisie creates and maintains the entitlementariat. Recently illegal immigration has been used to create anHispanic entitlementariat.
Through these tactics Democrats have moved the pendulum of exploitation away from the Marxist private sector back to the public sector. Like the Medieval power structure, Democrats base theirs on political boundaries which allows them to the electorate, and the more the electorate are forced to become members of the urban entitlementariat the more power Democrats have.
The entitlementariat may have replaced the proletariat but then one can ask if Marx’s bourgeoisie has been replaced by the Democrat Bourgeoisie. The answer is “yes” since Democrats, not Republicans, have created the entitlementariat and they have complete power over them. And just by coincidence they use this power to transfer the wealth of the nation to themselves through campaign contributors from public sector unions and accumulation of personal wealth.
Everywhere Democrat bourgeoisie are in power, the middle-class workers are exploited and subjugated, while those who are in poverty are forced into the entitlementariat. In Illinois, a prime example of a state dominated by Democrats, we can see what Democrats have done to transfer wealth away from the middle class in order to make themselves elite bourgeoisie and support the entitlementariat. Each household in Chicago now “owes” the Democrat bourgeoisie $88,000 for their pensions and bond debt. This amount increases weekly. And most of this debt was created through public pension funds that go only to members of the Democrat bourgeoisie. So middle-class workers have to subsidize the Democrat bourgeoisie’ retirement of leisure. Elite Democrat Bourgeoisie such as Harry Reid, Nancy Pelosi, and the Clintons all earn millions through their government “service.”
Up to now, since America is a wealthy country, it was temporarily able to afford to subsidize the entitlementariat. But no longer. The money needed to sustain the entitlementariat is obtained from national debt which will, in the long run, result in the oppression of the working class.
Read more: http://www.americanthinker.com/articles/2015/03/a_marxist_view_of_the_democrats_entitlement_economy.html#ixzz3TFp0hCDc
Follow us: @AmericanThinker on Twitter | AmericanThinker on Facebook
Friday, February 27, 2015
Friday, February 27, 2015
AN IMPORTANT EXPLANATION OF ISIL Everyone needs to read this thoroughly researched and truly seminal piece on the Islamic threat posed by the madmen from ISIL.
MEASURING SUCCESS An example of racial measurement of success, by a racist.
ONE MORE TAKEOVER Progressive forces are on the march, all part of Obama's legacy of transformation.
BREITBART EXONNERATED OVER PIGFORD CASE But another example of the perfidious Media Matters and all other lefties. They are beneath contempt.
MEASURING SUCCESS An example of racial measurement of success, by a racist.
ONE MORE TAKEOVER Progressive forces are on the march, all part of Obama's legacy of transformation.
BREITBART EXONNERATED OVER PIGFORD CASE But another example of the perfidious Media Matters and all other lefties. They are beneath contempt.
Monday, February 23, 2015
Monday, February 23, 2015
ISLAM'S IN NEED OF SERIOUS REFORMATION Churchill's description of Islam prevails tothis day. A timeless article.
How dreadful are the curses which Mohammedanism lays on its votaries! Besides the fanatical frenzy, which is as dangerous in a man as hydrophobia in a dog, there is this fearful fatalistic apathy. The effects are apparent in many countries. Improvident habits, slovenly systems of agriculture, sluggish methods of commerce, and insecurity of property exist wherever the followers of the Prophet rule or live. A degraded sensualism deprives this life of its grace and refinement; the next of its dignity and sanctity. The fact that in Mohammedan law every woman must belong to some man as his absolute property—either as a child, a wife, or a concubine—must delay the final extinction of slavery until the faith of Islam has ceased to be a great power among men. Individual Moslems may show splendid qualities. Thousands become the brave and loyal soldiers of the Queen: all know how to die. But the influence of the religion paralyzes the social development of those who follow it. No stronger retrograde force exists in the world. Far from being moribund, Mohammedanism is a militant and proseltyzing faith. It has already spread throughout Central Africa, raising fearless warriors at every step; and were it not that Christianity is sheltered in the strong arms of science—the science against which it had vainly struggled—the civilization of modern Europe might fall, as fell the civilization of ancient Rome.
WHERE ARE THE ROOT CAUSES? What exactly are the Repubs supposed to offer to win these voters?
THE PIGS ARE SQUEALING Watch academia resist reforms and learn to live within a budget.
LI9BERALS/SOCIALISTS/COMMUNISTS They are all from the same bolt of cloth.
REAGAN AND GIULIANI There's really np argument here. It's about the progressive/liberal vs free market/capitalist.
GOVERNMENT CONTROL OF THE INTERNET? Comcast deserves a lot of attention -- a perfect example of crony capitalism at work.
LIB PRESS AT IT AGAIN Dana Milbank's shelf life has expired. Enough already.
WHERE ARE THE ROOT CAUSES? What exactly are the Repubs supposed to offer to win these voters?
THE PIGS ARE SQUEALING Watch academia resist reforms and learn to live within a budget.
LI9BERALS/SOCIALISTS/COMMUNISTS They are all from the same bolt of cloth.
REAGAN AND GIULIANI There's really np argument here. It's about the progressive/liberal vs free market/capitalist.
GOVERNMENT CONTROL OF THE INTERNET? Comcast deserves a lot of attention -- a perfect example of crony capitalism at work.
LIB PRESS AT IT AGAIN Dana Milbank's shelf life has expired. Enough already.
Sunday, February 22, 2015
Sunday, February 22, 2015
MULTICULTURALISM REVISITED Whoever had the idea multiculturalism would work in the first place. Come to think of it many of the "empires" that imploded and went away after WWI were paragons of multiculturalism and they all imploded. The ottoman and Austro-Hungarian and even the British empires come to mind.
THE ORIGIN OF POLITICAL CORRECTNESS From Marx to Marcuse this virus is still alive in academia
FRAUDS, FRAUDS AND MORE FRAUDS The simple answer: all democrats are frauds w/o exception
DISGRACEFUL They do this because if they don't 50% or more of their student bodies will be Asian. One might also add to this subject that the reason there are now so many foo-foo courses offered in all universities, e.g. Gender Studies, Black Studies, etc, is grades (to some extend) are based upon skin color and feelings. Otherwise these students would never graduate from these colleges and universities. Where's the merit based society gone? Down the p.c. drain, perhaps?
THE ORIGIN OF POLITICAL CORRECTNESS From Marx to Marcuse this virus is still alive in academia
FRAUDS, FRAUDS AND MORE FRAUDS The simple answer: all democrats are frauds w/o exception
DISGRACEFUL They do this because if they don't 50% or more of their student bodies will be Asian. One might also add to this subject that the reason there are now so many foo-foo courses offered in all universities, e.g. Gender Studies, Black Studies, etc, is grades (to some extend) are based upon skin color and feelings. Otherwise these students would never graduate from these colleges and universities. Where's the merit based society gone? Down the p.c. drain, perhaps?
Tuesday, February 17, 2015
Tuesday, February 17, 2015
THIS BIRD'S ANOTHER WALTER DURANTY Hard to imagine what goes on in the mind of this self proclaimed conservative, but for sure he is no conservative.
JUST ANOTHER LIB LIAR Fournier, Williams, Clintons, Rather, Cronkite, the list of lefty liars is long and sickening.
THE RECORD OF INFAMY NEEDS TO BE CORRECTED; HERE'S A START American public has been gulled far too long.
IDENTITY POLITICS INDEED http://blogs.spectator.co.uk/brendan-oneill/2015/02/identity-politics-has-created-an-army-of-vicious-narcissists/
HERE'S FOOD FOR THOUGHT Marbury vs Madison was a SC decision empowering judicial review.
CORRUPTION IS WHAT CORRUPTION DOES Are there two more corrupt people in or out of the public eye than the Clintons? Perhaps GH Bush's greatest failure was allowing a two bit grifter-politician from a corrupt state to take the Presidency away from him without a real fight. That failure allowed Osama bin Laden to prosper and take down the Twin Towers in NYC, contributed directly the 2007-8 financial crackup, and an egregious debasement of the culture which goes on to today. Put unserious and corrupted individuals in charge of the state and you're apt to get a bad result. To think of Hillary Clinton becoming POTUS is mind-boggling. But why not? The public discourse has been dumbed down and degraded to the point we've recently elected the least qualified person ever to the job not only once but TWO times. There is no explanation for all this nonsense other than we, as a nation, have devolved into a third world mind-set wherein demagogues rule by fiat and by appealing to the basest instincts of the most ignorant among us. With the advent of de facto open borders immigration, thoroughly debased union driven public schools, and a political class who openly and enthusiastically buys votes enabled by a banking system that creates money out of thin air, how does all this end up well?
LET MUSLIMS DEFEND ISLAMIC EXTREMISM Why is Obama the none to defend the faith. Is he a Muslim-Ilamic scholar or something?
FOURNIER'S THE ONE WHO SHOULD BE SHUNNED Fournier is a typical lefty who condemns what he preaches and doesn't admit it. He's so far gone he may not even know how ridiculous he appears to rational people.
RUDY'S ATTACK ON OBAMA'S PATRIOTISM: Technically it wasn't an "attack" but rather a statement of the understanding of many, many people who bothered to inform themselvesbefor the election of 2007 and since. Holden Cauldfield indeed.
JUST ANOTHER LIB LIAR Fournier, Williams, Clintons, Rather, Cronkite, the list of lefty liars is long and sickening.
THE RECORD OF INFAMY NEEDS TO BE CORRECTED; HERE'S A START American public has been gulled far too long.
IDENTITY POLITICS INDEED http://blogs.spectator.co.uk/brendan-oneill/2015/02/identity-politics-has-created-an-army-of-vicious-narcissists/
HERE'S FOOD FOR THOUGHT Marbury vs Madison was a SC decision empowering judicial review.
CORRUPTION IS WHAT CORRUPTION DOES Are there two more corrupt people in or out of the public eye than the Clintons? Perhaps GH Bush's greatest failure was allowing a two bit grifter-politician from a corrupt state to take the Presidency away from him without a real fight. That failure allowed Osama bin Laden to prosper and take down the Twin Towers in NYC, contributed directly the 2007-8 financial crackup, and an egregious debasement of the culture which goes on to today. Put unserious and corrupted individuals in charge of the state and you're apt to get a bad result. To think of Hillary Clinton becoming POTUS is mind-boggling. But why not? The public discourse has been dumbed down and degraded to the point we've recently elected the least qualified person ever to the job not only once but TWO times. There is no explanation for all this nonsense other than we, as a nation, have devolved into a third world mind-set wherein demagogues rule by fiat and by appealing to the basest instincts of the most ignorant among us. With the advent of de facto open borders immigration, thoroughly debased union driven public schools, and a political class who openly and enthusiastically buys votes enabled by a banking system that creates money out of thin air, how does all this end up well?
LET MUSLIMS DEFEND ISLAMIC EXTREMISM Why is Obama the none to defend the faith. Is he a Muslim-Ilamic scholar or something?
FOURNIER'S THE ONE WHO SHOULD BE SHUNNED Fournier is a typical lefty who condemns what he preaches and doesn't admit it. He's so far gone he may not even know how ridiculous he appears to rational people.
RUDY'S ATTACK ON OBAMA'S PATRIOTISM: Technically it wasn't an "attack" but rather a statement of the understanding of many, many people who bothered to inform themselvesbefor the election of 2007 and since. Holden Cauldfield indeed.
Thursday, February 12, 2015
Thursday, February 12, 2015
MARK STEYN KNOWS We must be free of the insane president and the people surrounding him. They will get us all killed.
CASHILL KNOWS He exposes political and especially Dem myths
THESE LIES ON THE LEFT ARE TIRESOME AND FALSE Fournier presents himself as a moderate but I guarantee he voted Obama at least once
THE LEFT SPAWNS CRAZIES In the end the p.c. crazies are but a manifestation of a real sickness, a mass mental illness on the part of lefties. Welcome to the Democratic Party mainstream voter. One has only to observe Nancy Pelosi in action to understand how truly putrid these people have become. They are probably mentally ill which in no way diminishes the threat they pose to a free society. One needs to remember the holocaust and the stunted and ruined lives all over Eastern Europe following WWII as the Soviets perpetuated their reign of political correctness on millions of people.
CRONKITE VS STEWART COMPARO As usual, Kevin Williamson enlightens Cronkite single handedly caused the death of millions of South Vietnamese when he declared a war hat had been won to be lost after the Tet offensive. Because of his outsized and malevolent influence public support for the war to defeat communism collapsed and the North Vietnamese won subjecting a generation of Vietnamese to the horrors of a police state.
FUN RAP OF KEYNES VS HAYEKArgument now almost 100 years old.
HUTLER AND BRIAN WILLIAMS Can never get enough of this shtick.
CASHILL KNOWS He exposes political and especially Dem myths
THESE LIES ON THE LEFT ARE TIRESOME AND FALSE Fournier presents himself as a moderate but I guarantee he voted Obama at least once
THE LEFT SPAWNS CRAZIES In the end the p.c. crazies are but a manifestation of a real sickness, a mass mental illness on the part of lefties. Welcome to the Democratic Party mainstream voter. One has only to observe Nancy Pelosi in action to understand how truly putrid these people have become. They are probably mentally ill which in no way diminishes the threat they pose to a free society. One needs to remember the holocaust and the stunted and ruined lives all over Eastern Europe following WWII as the Soviets perpetuated their reign of political correctness on millions of people.
CRONKITE VS STEWART COMPARO As usual, Kevin Williamson enlightens Cronkite single handedly caused the death of millions of South Vietnamese when he declared a war hat had been won to be lost after the Tet offensive. Because of his outsized and malevolent influence public support for the war to defeat communism collapsed and the North Vietnamese won subjecting a generation of Vietnamese to the horrors of a police state.
FUN RAP OF KEYNES VS HAYEKArgument now almost 100 years old.
HUTLER AND BRIAN WILLIAMS Can never get enough of this shtick.
Echoes of 1937 in the Current Economic Cycle
It is not too early to ask how the present US business cycle expansion, already more than five years old, will end. The history of the last great US monetary experiment in “quantitative easing” (QE) from 1934-7 suggests that the end could be violent. Autumn 1937 featured one of the largest New York stock market crashes ever accompanied by the descent of the US economy into the notorious Roosevelt Recession. Should we take comfort from the fact that Friedman and Schwartz, in their epic monetary history, claim to have discovered the policy error by the Federal Reserve which was responsible for the 1937 denouement. And that today’s Fed officials are adamant about having learned their lesson? The short answer is no.
According to the now mainstream narrative, the strong economic recovery of 1935-6 could have continued for much longer if it had not been for the successive hikes in reserve requirements through late 1936 and early 1937, together with the sterilization of gold inflows from the start of that year. This meant the end of rapid growth in high-powered money supply. The trigger for these monetary policy changes was concerns within the Federal Reserve and White House about the intense speculative climate which had developed in equity and commodity markets during 1936, coupled with apparent upward pressure on goods prices. Friedman and Schwartz imply that these concerns were misplaced. And indeed, as regards the rise in goods prices, this was a benign recovery from a deep cyclical low-point in 1933 rather than something symptomatic of monetary inflation. It was, however, quite a different story for asset prices.
The monetary manipulations of the Roosevelt administration in combination with the Federal Reserve (dollar devaluation, monetization of subsequent huge gold inflows, interest rates pegged at zero throughout) had been fueled by 1936 serious asset price inflation most of all in the US equity and commodity markets. Today we recognize irrational exuberance as the salient feature of this monetary disease. Some combination of yield desperation and fears concerning an eruption of goods inflation in the far distant future lies behind the irrationality. The manipulating of long-term rates below neutral also encourages various feedback loops in which rising asset prices appear to justify otherwise wild speculation.
There is no simple empirical test which detects and measures speculative froth. We do not know the “underlying value” which would correspond to a sober rational weighing of all the risks. Traditional benchmarks of valuation such as normal price-earnings ratios are particularly misleading in a period such as the mid-late 1930s when the geo-political, domestic political, monetary, and economic climates are highly turbulent.
Asset price inflation would come to an end even without monetary action. It is sufficient that the real world outside becomes so much worse than what the irrationally exuberant investors have been seeing through rose colored spectacles (which filter out dangers and exaggerate expected returns) that the lenses splinter. In late summer 1937 that is what may well have happened. The rapid economic recovery of 1936 was evidently stalling by mid-1937. In July, Imperial Japan had launched its full-scale invasion of China. German rearmament accelerated following the military re-occupation of the Rhineland. In May 1937 the Supreme Court had ruled in favor of the Roosevelt administration’s trade union legislation. As markets crashed from August through autumn 1937, business confidence and investment plummeted.
The importance of monetary policy actions in late 1936 and early 1937 in contributing to this bad outcome is dubious. When market rates of interest are at zero, high-powered money lacks power, as banks are willing hoarders of large reserves well beyond normal levels (relative to their deposit base). Short-term rates hardly rose in response to the raising of reserve requirements through late 1936 and early 1937. Long-term Treasury bond yields climbed briefly in March 1937 by around 30 basis points to a peak of 2.75 percent before falling back, partly due to evidence of economic slowdown, and partly to a Fed bond-buying program as demanded by the Roosevelt administration. That political intervention surely signaled to contemporary investors that long-run inflation dangers were still live — a positive factor for continuing asset price inflation.
What are the parallels with the present? We have had some similarly ambiguous Federal Reserve policy actions. This time long-maturity T-bond yields have climbed more sharply from their low point (early 2013) but the announced curtailment of QE has so far been less striking. A more important parallel is the amount of irrational exuberance now evident in a range of asset classes (high-yield bonds, European periphery sovereign debts, real estate in various global hotspots, German equities, US financial and technology sector equities, private equity). A failure of the US economy to take off into a higher flight path beyond the winter stall and spring re-bound, disappointment regarding a German economic mini-miracle, a Chinese “hard landing,” geo-political storms, and a host of idiosyncratic factors which could setoff waves of profit-taking, are all possible triggers to asset price deflation and an early end to this cycle.
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