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Sunday, July 28, 2013

Death Of The American Idea

President Obama in his address of July 27, 2013, proclaimed his intention to combat “trends that have been eroding middle-class security…”  Security, the liberal-progressive-socialistic paradigm introduced by Franklin Roosevelt’s New Deal in the 1930s, is not the same thing as the original intent of the Bill of Rights, the concept of individual political liberties that colonists fought for in our War of Independence.

Wednesday, July 24, 2013

Federal Bureaucracy: Too Big To Fail

Can political liberty survive the aggressive growth of collectivist government?

Monday, July 22, 2013

Our Racist President

Obama ignores reality and blames whites for the indisputable fact that blacks, who constitute only 23% of the population, commit about 7 out of 10 of all violent crimes.

Read Heather Mac Donald’s assessment of the president’s speech supporting racist ranters like Al Sharpton, Jesse Jackson, and officers of the NAACP.

Wednesday, July 17, 2013

Obama Exacerbates Racial Relations

Paradoxically, election of a black president and appointment of a black attorney general have rekindled blacks’ feelings of discrimination and persecution.  Both the president and the attorney general pander to main-stream-media’s reflexive assumption that the white person is always the one at fault.

The Zimmerman trial in Florida is the latest example.

Obama made clear long before the recent trial that he considered Zimmerman guilty of murder, and Attorney General Holder, before evidence was presented at the trial, announced his intention to have the Department of Justice target Zimmerman for civil rights violations.  Both the president and the attorney general since 2008 have harped repeatedly on black vs. white.  In a notorious Philadelphia case they refused to pursue charges against black thugs who threatened whites coming to a polling station to vote.  But both have been quick, following the lead of the NAACP or rabble-rousers like Al Sharpton and Jesse Jackson, to make public statements condemning whites who had run-ins with blacks. 

With regard to the Zimmerman trial, Arnold Ahlert (Eric Holder’s Reign of Racial Terror) sums it up.

Many commentators have noted the “Alice in Wonderland” nature of the Zimmerman-Martin farrago (the Red Queen shouting, “off with his head first, verdict second”).  Under the liberal-progressive scheme of justice, a trial wasn’t necessary.  Obama, Holder, Al Sharpton, and Jesse Jackson had already announced that Zimmerman was guilty.  Their minds were made up, and they refused to be confused with facts.

Saturday, July 13, 2013

Barack Obama’s Lawlessness

Read Peter Wehner’s recap on the Commentary Magazine website.

Friday, July 12, 2013

Obama’s Olive-Branch Foreign Policy

The president’s olive branch is as useful as a fig leaf in a blizzard.

Thursday, July 11, 2013

Scientistic Speculation

Darwin proposed his hypothesis of purely materialistic evolution, according to his autobiography, in order to discredit “the damnable doctrine of Christianity.”

Wednesday, July 10, 2013

No There There

Are we to believe what Obama says, or credit the facts before our eyes?

Here’s Obama’s ‘Smart’ Government at Work

Fed Role And Asian Markets’ Impact On The US

Byron Wien’s Firsthand Impressions of Asian Markets, appearing on Barrons’ website

Mr. Wien is a senior advisor to Blackstone. Prior to joining the firm, he was chief investment strategist for Pequot Capital and before that served as both chief and senior U.S. investment strategist at Morgan Stanley.

During his recent tour of major Asian market centers, investors there asked why the Fed isn’t providing even more fiat, phony money liquidity to the economy, given that our stock market is booming and inflation, as measured by some price indexes, is low.  Mr. Wien’s response:

Quote:

I tried to explain that monetary expansion is a very inefficient way to stimulate the economy. By my estimation three-quarters of the money goes into financial assets, driving stock prices higher and bond yields lower. Only one-quarter of the money goes into the real economy. The Fed hopes some of the owners of equities spend their stock market profits, but that process is very indirect. The one aspect of the stock market that is relevant to the Fed is consumer net worth, which has risen substantially since 2009. Most of this, however, has accrued to the top 20% of the population, which has a significant portion of its net worth in equities. The vast majority of Americans have not benefited to the same extent.

Saturday, July 06, 2013

Another Look At The Numbers

The Obama administration’s spin meisters call latest jobs reports proof that stimulus spending five years ago, coupled with the Fed’s loose money (currently $85 billion of phony money created out of thin air every month), have produced a solid jobs recovery.

Investors’ Business Daily editorialists disagree: America’s Job Recovery Is Only For Part-Timers


Quote:

In short, this jobs recovery isn’t solid. It’s pathetic.

It’s even worse when you consider all of the net addition to June jobs — repeat, all — were part time. Compared with the 360,000 part-time positions created, full-time employment shrank by 240,000.

Year to date, only 130,000 full-time jobs have been added to our economy. The rest of the jobs — 557,000 — have been part time.

And tucked deep into the jobs report was this little tidbit: The underemployment rate, which measures those working in a job for which they’re overqualified, or working part-time when they really want full-time work, shot up from 13.8% to 14.3%.

This isn’t a solid jobs report. It’s a crisis.