Tag Archives: Obamunism

Mullahs Like Hagelian “Dialectics”

Iran Hopes Hagel Nomination Will Improve Relations Between US, Tehran

Iran’s Foreign Ministry appears to be backing President Barack Obama’s pick of former Sen. Chuck Hagel, R-Neb., as secretary of defense. Ministry spokesman Ramin Mehmanparast said in an interview Tuesday that he hopes the Hagel nomination will improve relations between the United States and Tehran. “We hope there will be practical changes in American foreign policy and that Washington becomes respectful of the rights of nations,” Mehmanparast said, according to Reuters.

This sure doesn’t make the chief feel any better about this particular nomination. I didn’t care for Hegel then, and I still don’t care for him.

An “F” grade in MY H.S. class!

Obama warns ‘unelected’ Supreme Court against striking down health law

President Obama, employing his strongest language to date on the Supreme Court review of the federal health care overhaul, cautioned the court Monday against overturning the law — while repeatedly saying he’s “confident” it will be upheld….The president, adopting what he described as the language of conservatives who fret about judicial activism, questioned how an “unelected group of people” could overturn a law approved by Congress

The Supreme Court is merely “an unelected group of people”?! Well, yes, that’s the way the Constitution sets it up, the last time I looked. Article II Section 2, and Article III section 1. Of course if one has the view that anything that limits the grandiose sweep of executive power is a mere archaism that should be ignored at will, then this WOULD be annoying. (Tough rocks, B.O. – you’re not First General Party Secretary, or Reichsfuhrer…at least not yet!)

AS for the bit about “judicial activism”…there is also a fundamental error in that also.  “Judicial activism” is extending the Constitution to say or do something that is beyond the bounds of what is Constitutionally stated as being a part of the powers granted to the government.  It is NOT, as in the present case, applying the standard of the Constitution to determine whether an act at issue is constitutionally granted.  As the prez goes on with his pseudo-reasoning he then states:

“I’m confident that the Supreme Court will not take what would be an unprecedented, extraordinary step of overturning a law that was passed by a strong majority of a democratically elected Congress,” Obama said.

At BEST this is wildly disingenuous; at worst he’s totally immersed in some form of governmental psychosis where his view of the reality of constitutional review, established in the early days of the republic by Justice John Marshall in Marbury v. Madison 5 US 137 (1803). Laws have been overturned on average of about every 16 months or so since then…not QUITE unprecedented OR extraordinary.

…and Obama claims to have been a constitutional scholar? Really?

If he came up with today’s comment as a submission in a H.S. history or government class that I was teaching, it would earn an “F” grade, for having missed the whole main point that applies in this situation.

Noted Harvard Lib Recognizes Modern Progressives’ Totalitarian Slant

Prof. Dershowitz calls Media Matters ‘Stalinist’

Harvard Law Professor Alan Dershowitz, who was a key supporter of Obama in 2008, told WOR710 today that he could not vote for President Obama’s re-election unless the president cuts ties with the controversial anti-Israel group Media Matters. He also warned that Obama’s association with Media Matters – which was raised by the Daily Caller in an investigative series this week – will lose him support in the pro-Israel community:…

He went on to state unequivocally that he could not and would not ever vote for anyone associated with Media Matters (like Obama) who did not clearly and fully repudiate said organization and its running-mates.

Dr. Dershowitz must have gotten a really good cup of reality…but then, as a strong supporter of the existence of Israel, Samuel Johnson’s observation about the prospect of immanent hanging having a tremendous effect in focusing one’s mine. In any case, welcome him to the daylight!

Vegas on the Potomac

Comment-wise, this is a great piee of low-hanging fruit. Not quite as good as the self-writing Congressman Wiener jokes…but pretty good:

Obama on Solyndra: ‘People felt that it was a good bet’

In his first public comment on the solar-energy scandal, President Obama said Monday he doesn’t regret promoting the solar company Solyndra as a model before the company went bankrupt and lost $535 million in taxpayer dollars.

“Hindsight is always 20/20,” Mr. Obama told “Good Morning America” anchor George Stephanopoulos in an online interview. “It went through the regular review process and people felt that it was a good bet.”

A god bet? Apparently the administration can’t tell the difference between gambling and a business plan. Of course this itself is consistent with attribution of the acquisition of wealth to “being fortunate” rather than bing the result of the exercise of entrepreneurial skill in some way.

If this ain’t broke…what is?

Somebody needs to slap Michael Moore upside the head with a serious cluebat for crying that we had LOTS of money to spend!

Maybe we WILL have lots more dollars if we keep the presses rolling, just like the Germans had lots more Reichsbank Marks in the twenties:


50,000,000 Mark note, Sept. 1923, which was already only small change:
1st November 1923 1 pound of bread cost 3 billion, 1 pound of meat 36 billion, 1 glass of beer: 4 billion.”

Mandatory Spending to Exceed all Federal Revenues — 50 Years Ahead of Schedule

…if national defense, interstate highways, national parks, homeland security, and all other discretionary programs somehow became absolutely free, we’d still have a budget deficit. The White House Office of Management and Budget projects that in the current fiscal year (2011), mandatory spending alone will exceed all federal receipts. So even if we didn’t spend a single cent on discretionary programs, we still wouldn’t be able to balance our budget this year — let alone pay off any of the $14 trillion in debt that we have already accumulated.

And the administration and the Congressional Democrats Donkey Congs cry about attempting to cut a measley $61B out of a trillion+ package, for a whopping 4% (or less) cut? Give me a break!

Calling a Spade, a Spade

The Chief recently finished reading and doing a critical historical review of a book by journalist Nicholas Lemann titled The Promised Land, which included among other things a detailed account of political maneuvering of Byzantine complexity involved with the invention and implementation of the so-called War on Poverty of the 60’s and 70’s. Lemann’s examination happened to focus particularly on the effects of this on the social and political condition of Chicago.

In spite of Saul Alinsky proteges being given healthy doses of Federal funds for their “Community Action Organizations”, the expected miraculous transformation of ghetto conditions failed to materialize….People didn’t hang around to enjoy and develop their ghetto neighborhoods: they beat feet out of there as soon as they possibly could escape to better areas. So much for social engineering!

It’s interesting to note some of the Chicago problems detailed by Lemann are currently being showcased in The Chicago Code, a new Fox cop show set in Chicago.

All of this taken together with the current and continuing exchange of ideas and people between the administration and Chicago (most recently with B.O.’s former Chief of Staff moving into the office in Chicago City Hall formerly occupied by Mayor Daley), brings to mind an interesting set of coincidences to consider.

Overall, it ain’t a pretty picture, but the scene reinforces the recent description of the administrative status-quo:

Bachmann Stands by ‘Gangster Government’ Description

Rep. Michele Bachmann (R-Minn.) refused Sunday to retreat from her characterization of the Obama administration as a “gangster government.”

The House Tea Party Caucus founder said, “I don’t take back my statement on gangster government,” a phrase she used at a tea party gathering in April. “I think that there have been actions that have been taken by this government that I think are corrupt,” she said during her appearance on NBC’s “Meet the Press.”

The Chief concurs.

B.O. Pro-Arab Energy Policy

Interior appeals oil drilling ruling

B. Hussein Obama’s Interior Department is pursuing policies that are greatly benefiting mid-east oil suppliers, and that will conincidently and inevitably result in continuting increasees in the prices that will be paid by Americans for any and all poil-based commodities, starting with gasoline, and including all plastics, synthetic fibers, and most chemical and pharmaceutical feed stocks. But hey, it’s for your own good…and too bad if you’re too stupid to appreciate the favor. (F— you if you can’t take a joke!)

The Obama administration late Friday appealed a judge’s orders directing the Interior Department to act on several Gulf of Mexico deepwater drilling permits.

The appeal is the latest salvo in the ongoing fight over the speed with which Interior is – or isn’t – letting oil drillers get back to work after last year’s BP oil spill.

Interior Secretary Ken Salazar had hinted the appeal was coming at a Senate hearing Wednesday. “The judge in this particular case in my view is wrong,” Salazar said. “And we will argue the case because I don’t believe that the court has the jurisdiction to basically tell the Department of Interior what my administrative responsibilities are.”

He added, “the policy we have in mind is unmistakingly [sic] clear: We are moving forward with the development of oil and gas” production.”

BS! Total BS!

Mideast Mismanagement

Untested & unready
B.O., Hill both inept on Mideast

Can you say “poor situational awareness”?

“It’s 3 a.m. and your children are safe and asleep,” it began. “But there’s a phone in the White House and it’s ringing. Something’s happening in the world.

“Your vote will decide who answers that call. Whether it’s someone who already knows the world’s leaders, knows the military, someone tested and ready to lead in a dangerous world . . . Who do you want answering the phone?”

Now we know the answer: neither of the above.

Unfortunately, the current administration is proving to be as incompetent in the Middle East as was that of Jimmy “Peanut” Carter. It’s hard to decide which was worse…Carter had that ultimate example of fecklessness that was the Iran hostage crisis, but on the positive side, he DID deserve some propers for the Camp David Accords. B.O. on the other hand has not YET had a disaster on the scale of the hostages, but then too, he hasn’t accomplished anything worth while, either.

One can only hope that as the Egyptian situation settles out that the Muslim Brotherhood doesn’t get power and cancel the treaty that resulted from the Camp David meetings.

No negative result of B.O.’s foreign policy activities would be too much of a surprise at this point.

Administration Targets Jobs

It becomes more clear just how the administration is focusing on jobs: jobs are in the cross-hairs and are targeted for destruction, to say nothing about reducing energy availability at the same time, thus killing two birds with one stone.

New rules would cut thousands of coal jobs

The Obama administration’s own experts estimate their proposal for protecting streams from coal mining would eliminate thousands of jobs and slash production across much of the country, according to a government document obtained by the Associated Press.

The Office of Surface Mining Reclamation and Enforcement document says the agency’s preferred rules would impose standards for water quality and restrictions on mining methods that would affect the quality or quantity of streams near coal mines. The rules are supposed to replace George W. Bush-era regulations that set up buffer zones around streams and were aimed chiefly at mountaintop removal mining in Appalachia….

OSM’s proposal — part of a draft environmental impact statement — would affect coal mines from Louisiana to Alaska.

The office, a branch of the Interior Department, estimated that the protections would trim coal production to the point that an estimated 7,000 of the nation’s 80,600 coal-mining jobs would be lost. Production would decrease or stay flat in 22 states…

To add a bit of additional perspective, half of the US supply of electricity is coal based. Sort of hard to recharge the new Chevy Volt autos if there’s less electricity available! Regulators working at cross-purposes? According to the lib-progs isn’t government supposed to be MORE efficient at management? Never mind….if we’re rational, we already know the answer to THAT…and “it ain’t that pretty at all”…but I digress.

The National Mining Association blasted the proposal, saying OSM is vastly underestimating the economic impact.

“OSM’s preferred alternative will destroy tens of thousands of coal-related jobs across the country from Appalachia to Alaska and Illinois to Texas with no demonstrated benefit to the environment,” the trade group said. “OSM’s own analysis provides a very conservative estimate of jobs that will be eliminated, incomes that will be lost and state revenues that will be foregone at both surface and underground coal mining operations.”

OK, you know the envirowackos say that’s just the big corporations trying to defend their turf…the impact won’t REALLY be that bad, would it? But wait, the states aren’t too thrilled with D.O.I./OSM either:

They blasted the proposal as “nonsensical and difficult to follow” in a Nov. 26 letter to OSM Director Joe Pizarchik. The letter was signed by officials from Alabama, Indiana, Kentucky, Texas, Utah, Virginia, West Virginia and Wyoming.

“Neither the environmental impact statement nor the administrative record that OSM has developed over 30-plus years of regulation … justify the sweeping changes that they’re proposing to make,” West Virginia Department of Environmental Protection official Thomas Clarke told AP on Wednesday.

As your electric rates continue to increase, due to the inexorable operation of supply (decreasing) and demand (increasing), give thanks to the administration for it’s energy and employment reduction plans.

B.O. Continues to Show Poor Situational Awareness

Obama acknowledges his message didn’t get through

This is SO wrong! (Explanation follows.)

President Barack Obama is acknowledging in the wake of this week’s election rout that he hasn’t been able to successfully promote his economic-rescue message to anxious Americans.

Obama says in an interview with CBS’s “60 Minutes” that he “stopped paying attention” to the leadership style he displayed during his run for the presidency.

Typical liberalism: style trumps substance darned near every time!

Obama also said he recognizes now that “leadership is not just legislation,”…

Real world translation: B.S. isn’t the same as reality.

,,,and that “it’s a matter of persuading people. And giving them confidence and bringing them together. And setting a tone….

LIncoln said something about this…oh yeah, the bit about not fooling all the people all the time!

And making an argument that people can understand.”

Real message: “You stupid people are just too dense to appreciate and accept the sheer genius of the Obamunist fundamental transformation that I’M trying to bless you with.”

“And I think that – we haven’t always been successful at that,…”

DUH! Lipstick on a pig still gives you a pig.

…he said. “And I take personal responsibility for that. And it’s something that I’ve got to examine closely as I go forward.”

One starts to doubt that there is the ability for enough “examination” to break through and achieve some accurate situational awareness: We GOT it, B.O! Your message came through loud and CLEAR, and we DO understand it…but we’re not buying it, at all, at all!

B.O. Backpedals to Cover Freudian Slip

Obama seeks to blunt Republican attack over comment

Obama, in an interview with talk radio host Michael Baisden, said, “I probably should have used the word ‘opponents’ instead of enemies.”

He was backtracking from a comment he made a week ago in an interview with Univision radio in which he sought to persuade Hispanics to vote for Democratic candidates instead of Republicans: “If Latinos sit out the election instead of, ‘we’re going to punish our enemies and we’re going to reward our friends who stand with us on issues that are important to us’ — if they don’t see that kind of upsurge in voting in this election, then I think it’s going to be harder,” Obama had said.

Republicans in hot pursuit of control of the House of Representatives in Tuesday voting were drawing attention to Obama’s “enemies” comment in hopes of encouraging more turnout by Republican voters.

Hammering home the issue was John Boehner, the Republican who would oust Democrat Nancy Pelosi as House speaker if Republicans win control of the House on Tuesday as most pollsters believe will happen.

Methinks his original comment shows his true attitude…I doubt that he concedes the existence of a “loyal opposition”…opponents ARE the enemy to him (as opposed to the friendly folks of Iran, HAMAS, Hezbollah, etc. that we need to seek understanding with).

B.O.’s Environmental Economic Wrecking Plan

EPA Estimates Its Greenhouse Gas Restrictions Would Reduce Global Temperature by No More Than 0.006 of a Degree in 90 Years

Tough new rules proposed by the Environmental Protection Agency restricting greenhouse gas emissions would reduce the global mean temperature by only 0.006 to 0.0015 of a degree Celsius by the year 2100, according to the EPA’s analysis.

THAT’s saving the planet?

The authors cite the EPA’s own staff to show that greenhouse gas regulations, which would require major sources of CO2 (carbon dioxide) to obtain permits and limit their output, could seriously harm the economy if implemented.

“It is clear throughout the country, PSD (Prevention of Significant Deterioration) permit issuance would be unable to keep up with the flood of incoming applications, resulting in delays, at the outset, that would be at least a decade or longer, and that would only grow worse over time as each year, the number of new permit applications would exceed permitting authority resources for that year.” the EPA wrote in the Federal Register on June 3.

Lest you think SD would not be seriously and negatively affected since it’s not a heavy industrial state, among other proposed regulatory issues are some that specifically target rural areas (dust standards, animal CO2, etc.)

Other proposed EPA regulations include:
— pending regulations on emissions from industrial and commercial boilers which the Republican staff says are stringent enough to make some factories shutter rather than become compliant, and risking 798,000 jobs;
— higher emissions standards for cement plants, which involves 15,000 jobs;
— and increased National Ambient Air Quality Standards for the amount of ground-level ozone to 60 parts per billion, which the EPA estimates could cost $19 billion to $90 billion to implement.

Top House Republicans have formed the Rural America Solutions Group aimed at working on issue that effect agricultural areas of the country, and held a forum Wednesday on what they termed “the EPA’s Assault on Rural America.”

They heard from witnesses representing the beef and cattle industry, farmers, coal workers, and others affected by the many new and proposed regulations laid out in the report.

At the forum, Rep. Frank Lucas (R-Okla.) said, “In many instances, the EPA is overreaching its authority. Instead of operating within the law, EPA believes it can dictate to Congress that legislation needs to be passed for more government authority. And if Congress doesn’t act, it threatens to regulate anyway. Every day, the EPA seems to demonstrate how vastly disconnected it is to the folks who feed us.”

Republicans invited EPA Administrator Lisa Jackson to attend the forum, but she did not appear, nor did she send a representative.

All this for a alleged small fraction of one degree over a century? There is another issue at play here…and it’s NOT climate change. Can you say P-O-W-E-R, D-O-M-I-N-A-N-C-E, and C-O-N-T-R-O-L?

SD Job Losses Projected from B.O. Tax Hikes

This is a fairly serious article on the economic impact of the Obamunist program of tax hikes that are planned for us. In the words of the Warren Zevon song: “It ain’t too pretty at all.”

Obama Tax Hikes: The Economic and Fiscal Effects

Since 1996, Congress after Congress has voted to lighten the tax burden on Americans. The current Congress will decide this fall whether to continue this policy or to significantly raise personal income taxes. President Obama has advanced a plan that reverses the long-standing successful policy: The President and his supporters are calling for tax increases, primarily on upper-income taxpayers and businesses— including small businesses, the primary job creators in the country. Those who will be most burdened if this plan becomes law are the millions of Americans just starting their economic lives and the millions more trying to find work after the worst recession in 60 years. The rest, whose lives are affected by the investments and business decisions of those taxpayers in the high-income classes, will share the burden. No income earner will be unscathed.

…or, to carry the lyrical comparison a bit farther with Rod Stewart’s “Every picture tells a story, don’t it?”:


Click on image for larger version.)

So…South Dakota looks to take a hit from all this…estimate job losses from this tax hike of 1820-2320 jobs lost per year, from 2011 through 2020. Oh, joy.

There are a lot more gory details in the article, on how these tax increases are NOT the way to grow the economy, but they ARE a dandy way of the Washington “progressive” establishment to increase its power over us.

At least if taxes are raised, they can be cut again…eventually…perhaps not until after 2012.

Orwellian Editing by B.O.

Revisionist Recitation: Obama Omits ‘Creator’ While Quoting Declaration

Towards the end of a speech on September 15 to the Congressional Hispanic Caucus Institute, Obama began quoting the famous “rights” line from the founding document. But partway through, he omitted where those rights come from: a Creator.

The line is supposed to read: “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.”

But Obama’s recitation left out an important part: “We hold these truths to be self-evident, that all men are crated equal. [Long Pause] Endowed with certain inalienable [sic] rights: life and liberty, and the pursuit of happiness.”

So what’s the big deal about? If our unalienable rights (as stated in the Declaration…not inalienable as stated by the alleged Constitutional scholar) do not come from the Creator, then they come from where? Inevitably from the organization of the state, and if that’s the case, amen to the rights, for what the state gives, the state can take away!

In the first 126 words of the Declaration, there are 5 fundamental principles that are the underpinnings of the American republic:
– there is a Creator
– He gives us unalienable rights
– there is a moral law that governs man
– government exist to protect the rights He gives
– below the God-given rights, rule is by the consent of the governed

All of those are dependent on the rights obtained from the Creator: what the Creator gives, no man, nor no human agency can take away. In the world of B.O. that would never do…then the transformational change we can {had better) believe in (or else!) could never happen.

Presidential Disingenuity

This is the latest example of B.O.’s continuing disingenuous criticism of Republican “obstructionism”. Frankly the Chief is really tired of hearing this sort of attack…like the GOP should roll-over and rubber stamp whatever he proclaims as being The Truth.

Obama: GOP Holding Tax Cuts “Hostage”
President Urges Congress to Approve Extension of Middle Class Tax Cuts from Bush Era for Families Making Less Than $250,000

President Obama is applauding two Republican senators who voted for a small business bill and says he’d welcome that kind of cooperation on the divisive issue of extending tax cuts for the middle class.

Mr. Obama thanked Republicans George Voinovich of Ohio and George LeMieux of Florida for voting to move the bill closer to final passage. Speaking in the Rose Garden after a Cabinet meeting Wednesday, Mr. Obama urged lawmakers to approve an extension of Bush-era tax cuts for middle class families making less than $250,000 a year.

After praising these two Republocratic Demmicans for being properly submissive to the proclaimed will of The One, B.O. went on with one of his favorite complaints against the opposition:

Mr. Obama says Republicans should stop holding those tax cuts “hostage.”

This was originally, and continues to be one of the most puzzling political statements one can ever encounter. Let’s do some simple arithmetic.

The House of Representatives currently contains 434 members (with one vacant seat). This is comprised of 256 Democrats, and 178 Republicans. The Senate seats are currently held by 57 Democrats, 41 Republicans, and 2 Independents. Even without using a calculator or computer, it is readily apparent that there are significantly more Democrats than Republicans in both houses.

After careful examination of my trusty pocket Constitution, I see nothing there that prevents majority rule from operating in either of the houses of Congress. If President B.O.’s halo of political glory is not enough to persuade even his own party members from supporting his often ill-conceived legislative and policy initiatives, then what reason does he have to blame the GOP? All he needs to do is to have his partisan legislative satraps drum up enough loyal Democrats and he would be able to pass anything he wanted…oh, yeah, enough loyal Democrats to support his agenda…not any more.

In the case at hand the bone of contention concerns whether or not to kill the so-called Bush tax-cuts, which is worth commenting on in itself:

“They want to hold these middle class tax cuts hostage until they get an additional tax cut for the wealthiest 2 percent of Americans,” Mr. Obama said. “We simply can’t afford that.”

This statement, on its face, is false. According to B.O. he so called wealthy are those with $250K or more of income. While the Chief concedes that that certainly seems to be greatly more than he has had the chance to appreciate in his life, it must be recognized that a significant number of small businesses that are not incorporated are included in this group, and pay income tax on their legal BUSINESS as legal INDIVIDUALS.

Given the continued stubborn lack of employment to respond as predicted to the massive Keynesian bout of trillion dollar stimuli, throwing a de facto tax increase onto these small businesses, that historically create the most jobs, is the LAST thing needed to help relieve unemployment. Also of dubious veracity is the shot about affording this tax cut, ignoring the dynamic that repeatedly increases net government revenue as marginal tax rates are reduced…but why quibble with reality, when there’s an need for some way invent another political stick to flail the opposition in response to diving poll numbers and fading electoral hopes.

Germany Stiffs Obamanomics; Gets it Right!

From that media stronghold of the Vast Right-Wing Conspiracy (VRWC) – the NY Times:

Defying Others, Germany Finds Economic Success

QUESTION: How to grow your economy? Germany seems to have figured something out:

Germany has sparred with its European partners over how to respond to the financial crisis, argued with the United States over the benefits of stimulus versus austerity, and defiantly pursued its own vision of how to keep its economy strong.

Statistics released Friday buttress Germany’s view that it had the formula right all along. The government on Friday announced quarter-on-quarter economic growth of 2.2 percent, Germany’s best performance since reunification 20 years ago — and equivalent to a nearly 9 percent annual rate if growth were that robust all year.

The strong growth figures will also bolster the conviction here that German workers and companies in recent years made the short-term sacrifices necessary for long-term success that Germany’s European partners did not. And it will reinforce the widespread conviction among policy makers that they handled the financial crisis and the painful recession that followed it far better than the United States, which, they never hesitate to remind, brought the world into this crisis.

ANSWER: In short, to help the economy, go in the opposite direction to Obamanomics.

Obamanomics: Truth and Consequences

Firstly, this item from that noted mouthpiece of the Vast Right Wing Conspiracy (VRWC)…the New York Times?

A Market Forecast That Says ‘Take Cover’

WITH the stock market lurching again, plenty of investors are nervous, and some are downright bearish. Then there’s Robert Prechter, the market forecaster and social theorist, who is in another league entirely.

Mr. Prechter is convinced that we have entered a market decline of staggering proportions — perhaps the biggest of the last 300 years.

In a series of phone conversations and e-mail exchanges last week, he said that no other forecaster was likely to accept his reasoning, which is based on his version of the Elliott Wave theory — a technical approach to market analysis that he embraces with evangelical fervor.

Originating in the writings of Ralph Nelson Elliott, an obscure accountant who found repetitive patterns, or “fractals,” in the stock market of the 1930s and ’40s, the theory suggests that an epic downswing is under way, Mr. Prechter said. But he argued that even skeptical investors should take his advice seriously.

“I’m saying: ‘Winter is coming. Buy a coat,’ ” he said. “Other people are advising people to stay naked. If I’m wrong, you’re not hurt. If they’re wrong, you’re dead. It’s pretty benign advice to opt for safety for a while.”

This article is really worth the read, and some thought. Even when they present an opponent to Prechter’s view…well…he sort of agrees too:

Over the next several years Mr. Acampora expects an “old normal market,” characterized by relatively short-lived swings that will provide many opportunities for smart investors — one that resembles the markets of the 1960s and 70s. “I’ve lived through it,” he said.

Like Mr. Prechter, he is a past president of the Market Technicians Association, the leading organization of technical market analysts, and he said that his colleague has done “some very good work.” But Mr. Acampora doesn’t agree with Mr. Prechter’s long-term theories, either intellectually or emotionally.

Hmmmm. Doesn’t agree with him EMOTIONALLY? WTF does THAT have to do with it?

The “mathematics don’t work,” Mr. Acampora said, because such a big decline would imply that individual stocks would need to trade at unrealistically low levels.

The logic here is very interesting. First, “The mathematics don’t work…” Why not? “BECAUSE such a big decline would imply that individual stocks would need to trade at unrealistically low levels.” (Like GM and GE, etc. trading for a few dollars a share in ’33?) Since when does the production of a mathematical result serve as the criteria to determine whether the mathematics “works”? He’s essentially stating that the math doesn’t work out because it gives an answer that he doesn’t like. This attitude is further amplified by the following statement:

Furthermore, he said, “I don’t want to agree with him, because if he’s right, we’ve basically got to go to the mountains with a gun and some soup cans, because it’s all over.”

Then he concludes:

“Still, on a “near-term” basis, he said, “We’re probably saying the same thing.”


Oops! Remember…THAT’s presented as an opposing view to Prechter!

At least the view from across the pond in the UK is better…right? Well, not exactly…it sounds more like the favorite observation of the robot character Marvin from Doug Adams’ Hitchhiker’s Guide to the Galaxy: “It’s all so depressing.”

With the US trapped in depression, this really is starting to feel like 1932

The US workforce shrank by 652,000 in June, one of the sharpest contractions ever. The rate of hourly earnings fell 0.1pc. Wages are flirting with deflation.

“The economy is still in the gravitational pull of the Great Recession,” said Robert Reich, former US labour secretary. “All the booster rockets for getting us “Home sales are down. Retail sales are down. Factory orders in May suffered their biggest tumble since March of last year. So what are we doing about it? Less than nothing,” he said.

Read on for more of the gory details. Maybe the robot has it right after all.

Policy? We don’t need no stinking policy!

Experts: U.S. has no long-term political strategy for Afghanistan

The Obama administration is focused on meeting its July 2011 deadline to begin withdrawing U.S. troops from Afghanistan, but it has no political strategy to help stabilize the country, current and former U.S. officials and other experts are warning.

The failure to articulate what a post-American Afghanistan should look like and devise a political path for achieving it is a major obstacle to success for the U.S. military-led counter-insurgency campaign that’s underway, these officials and experts said.

The result is “strategic confusion,” said Ronald E. Neumann, who served as the U.S. ambassador to Afghanistan from 2005-07.

B.O. isn’t even making it up as he goes along.

Obamacare Blues

Health Care Law
63% Favor Repeal of National Health Care Plan

Support for Obamacare continues to slip:

Support for repeal of the new national health care plan has jumped to its highest level ever. A new Rasmussen Reports national telephone survey finds that 63% of U.S. voters now favor repeal of the plan passed by congressional Democrats and signed into law by President Obama in March.

Prior to today, weekly polling had shown support for repeal ranging from 54% to 58%. Currently, just 32% oppose repeal.

The new findings include 46% who Strongly Favor repeal of the health care bill and 25% who Strongly Oppose it.

While opposition to the bill has remained as consistent since its passage as it was beforehand, this marks the first time that support for repeal has climbed into the 60s. It will be interesting to see whether this marks a brief bounce or indicates a trend of growing opposition.

What happened to all those assertions from ObamaPelosiReid that once the bill passed and people knew what was in it that it would magically become popular? Oooops!

FDA Food Nazis at Work?

Here’s everybody’s favorite big government showing some of its true colors again.

Raw milk battle reveals FDA abandonment of basic human right to choose your food

The Farm-to-Consumer Legal Defense Fund (FTCLDF), an organization whose mission includes “defending the rights and broadening the freedoms of family farms and protecting consumer access to raw milk and nutrient dense foods”, recently filed a lawsuit against the FDA for its ban on interstate sales of raw milk. The suit alleges that such a restriction is a direct violation of the United States Constitution. Nevertheless, the suit led to a surprisingly cold response from the FDA about its views on food freedom (and freedoms in general).

In a dismissal notice issued to the Iowa District Court where the suit was filed, the FDA officially made public its views on health and food freedom.

Some of the statements in the FDA’s filing are absolutely amazing. Can you say “food NAZI”?

The FDA essentially believes that nobody has the right to choose what to eat or drink. You are only “allowed” to eat or drink what the FDA gives you permission to. There is no inherent right or God-given right to consume any foods from nature without the FDA’s consent.

This is no exaggeration. It’s exactly what the FDA said in its own words.

Don’t take MY word for it, or even the words from the posting about this. Consider the following statements taken from the FDA’s court filing:

“There is no ‘deeply rooted’ historical tradition of unfettered access to foods of all kinds.” [p. 26]“Plaintiffs’ assertion of a ‘fundamental right to their own bodily and physical health, which includes what foods they do and do not choose to consume for themselves and their families’ is similarly unavailing because plaintiffs do not have a fundamental right to obtain any food they wish.” [p.26]

There’s a lot more in the document, which primarily addresses the raw milk issue, but these statements alone clearly reveal how the FDA views the concept of health freedom. Essentially, the FDA does not believe in health freedom at all. It believes that it is the only entity granted the authority to decide for you what you are able to eat and drink.

The State, in other words, may override your food decisions and deny you free access to the foods and beverages you wish to consume. And the State may do this for completely unscientific reasons — even just political reasons — all at their whim…

This has all emerged from the debate over whether raw milk sales should be legal. But the commonsense answer seems obvious: Of course raw milk should be legal! Since when did the government have any right to criminalize a farmer milking his cow and selling the raw, unpasteurized milk to his neighbor at a mutually-agreeable price?

NOTE:  The principles apply whether or not one chooses to partake of raw milk, any particular food product.

But why is the FDA hell-bent on stopping raw milk from being sold in the first place? Think about it: What is it about this particular whole food that has regulators working overtime to make sure you don’t drink it?

Follow the money…(surprise, surprise, surprise!)

The real reason why the FDA opposes raw milk is because Big Dairy opposes raw milk. Just like Big Pharma, Big Dairy has worked very hard behind the scenes to steer FDA policy in its favor. And according to some recent reports, Big Dairy is one of the primary forces trying to eliminate raw milk because it threatens the commercial milk business.

What’s next? Will all farmer’s markets be outlawed because the veggies haven’t all been irradiated or pasteurized?

As usual, it’s all about the money, and as you follow the money trail all the way up to the federal level, you find the same thing happening everywhere: At the FDA, USDA, FTC and so on. U.S. government regulators have become monopoly market enforcers for Big Business, and they won’t let anything get in their way… not even personal health freedoms or just basic access to food.

There is a lot more detailed argument in the posting; you get the picture…but wait! As a finale the FDA outdoes itself again:
On page 27 of the dismissal, the FDA also states that Americans do not have a fundamental right to enter into private contractual agreements with one another, either.
HUH?

Buying clubs, cooperatives and community supported agriculture programs (CSAs) all rely on private contractual agreements in order to operate. People contract with each other to obtain clean, healthy food from the sources of their choice without government intrusion. But now the FDA is saying that people don’t actually have this right. To enter into such a private contract to purchase food, milk or even water is a violation of federal law, the FDA now claims.

You are just a subject of the King, you see, and you have no rights. You must eat and drink what you are told. You must behave in a way that is allowed by your King. You have no rights, no protections and no freedoms….
The “substantive due process” clause of the Fifth Amendment to the U.S. Constitution, however, assures people of this right when it states that no person shall “be deprived of life, liberty or property, without due process of law.” And being able to make personal food choices without having to obtain permission from Big Brother is definitely included under this clause.

But the FDA — aw, heck, all of Washington for that matter — doesn’t honor the U.S. Constitution in any way, shape or form. The document is little more than a tattered piece of American history according to the Nazi nut jobs running federal agencies today. They are no more likely to respect the Constitution as they are to leap from their desk job chairs and magically transform into flying elephants.

The hits just keeps on coming! (Or are the letters of the second word in the previous sentence in the wrong order? Whatever!)

Economic Recovery? Really?

Remember, the economy is on the way to recovery.  B.O. says so!

Stock market time bomb?

Even the world’s most savvy stock-market giants (e.g., Warren E. Buffett) have warned over the past decade that derivatives are the fiscal equivalent of a weapon of mass destruction (WMD) – potentially lethal. And the consequences of such an explosion would make the recent global financial and economic crisis seem like penny ante. But generously lubricated lobbyists for the unrestricted, unsupervised derivatives markets tell congressional committees and government regulators to butt out.

While banks all over the world were imploding and some $50 trillion vanished in global stock markets, the derivatives market grew by an estimated 65 percent, according the Bank for International Settlements. BIS convenes the world’s 57 most powerful central bankers in Basel, Switzerland, for periodic secret meetings. Occasionally, they issue a cry of alarm. This time, derivatives had soared from $414.8 trillion at the end of 2006 to $683.7 trillion in mid-2008 – 18 months’ time.

The derivatives market is now estimated at $700 trillion (notional, or face, value, not market value). The world’s gross domestic product in 2009: $69.8 trillion; America’s, $14.2 trillion. The total market cap of all major global stock markets? A mere $30 trillion. And the total amount of dollar bills in circulation, most of them abroad: $830 billion (not trillion).

One of the Middle East’s most powerful bankers conceded recently that even after listening to experts explain the drill, he still does not understand derivatives and therefore doesn’t trust them and won’t have anything to do with them. And when that weapon of mass destruction explodes, he explained, “Our bank’s customers, from all over the world, will be saved from the disaster.”

Keep those numbers in mind as you consider this:

Today’s massive new derivatives bubble is driving the domestic and global economies, far outstripping the subprime-credit meltdown.

Hopefully not belatedly, Congress is considering legislation to curb the use of derivatives and other methods that artificially boost returns. But 13 members of Congress or their wives used derivatives to magnify their daily moves.

“We have met the enemy and he is us!”

And one measure proposed by Sen. Blanche Lincoln, Arkansas Democrat, would bar banks from trading in derivatives. This, in turn, would push almost $300 trillion beyond the reach of regulators. Derivatives would become still more opaque. Some say abolish derivatives trading in the U.S. and push it offshore.

Possible results?

The now-bloody Greek tragedy over its debt crisis is echoing through the Federal Reserve and the halls of Congress. Greece’s public debt exceeds 100 percent of its economy versus 90 percent (at $13 trillion) for the United States. If you add unfunded U.S. liabilities for Social Security, Medicare and Medicaid, the long-term shortfall is $62 trillion, or about $200,000 for each American. At least that’s the estimate of the Peter G. Peterson Foundation. And Peter Peterson himself says he’s now in the business of promoting awareness about public borrowing.

With probable trader error plunging the Dow Jones into a 1,000-point tailspin and back up in 16 minutes, economic and financial prognostication made astrology look respectable. Could Greece be a harbinger of ugly things to come for the rest of the world? Prominent investor Marc Faber, hedge fund manager Jim Chanos and Harvard’s Kenneth Rogoff told Bloomberg China’s economy will slow and possibly “crash” within a year as the nation’s property bubble is set to burst.

Meanwhile the economic recovery continues apace, with the unemployment rate moving back to 9.9%, or 17.1% if ALL of it is counted.

This sort of progress can easily result in recovering the experience of the 1930.

Maybe that’s what B.O. means.  Isn’t Obamunism marvelous?

Obamacare: Costly Error

Report: Health overhaul will increase USA’s tab

President Obama’s health care overhaul law will increase the nation’s health care tab instead of bringing costs down, government economic forecasters concluded Thursday in a sobering assessment of the sweeping legislation.

A report by economic experts at the Health and Human Services Department said the health care remake will achieve Obama’s aim of expanding health insurance — adding 34 million Americans to the coverage rolls.

But the analysis also found that the law falls short of the president’s twin goal of controlling runaway costs. It also warned that Medicare cuts may be unrealistic and unsustainable, driving about 15% of hospitals into the red and “possibly jeopardizing access” to care for seniors.

The mixed verdict for Obama’s signature issue is the first comprehensive look by neutral experts.

Surprise, surprise, surprise!

Not.

Ron Paul v. B.O.?

Rasmussen poll results:

Election 2012: Barack Obama 42%, Ron Paul 41%

Pit maverick Republican Congressman Ron Paul against President Obama in a hypothetical 2012 election match-up, and the race is – virtually dead even.

A new Rasmussen Reports national telephone survey of likely voters finds Obama with 42% support and Paul with 41% of the vote. Eleven percent (11%) prefer some other candidate, and six percent (6%) are undecided.

There are other details of poll results in the article that are also interesting.
Ron Paul? Hmmmm. Looks like a bit of backlash to Obamunism.

Truth and Consequences

Obama and the L-Word
The president’s habit of telling untruths

Here’s how predictable the president’s slippery relationship with the truth has become: Hours before the State of the Union address, Washington Examiner reporter Timothy P. Carney posted a “pre-emptive fact check” that, among other things, prebutted any presidential claim to have “stopped the revolving door between government and corporate lobbying.” As it happened, that night Barack Obama made an even bolder (read: less truthful) claim: that “we’ve excluded lobbyists from policymaking jobs.”

In fact, more than 40 former lobbyists work in the administration, including such policy makers as Deputy Defense Secretary William J. Lynn (who was lobbying for Raytheon as recently as 2008), Office of the First Lady Director of Policy and Projects Jocelyn Frye (National Partnership for Women and Families), White House Director of Intergovernmental Affairs Cecilia Muñoz (National Council of La Raza), and Treasury Secretary Chief of Staff Mark Patterson (Goldman Sachs).

There’s more of this kind of BS noted in the article…but you get the drift…

Obamascare Clears House

Sickening!

Congress clears historic health care bill

Summoned to success by President Barack Obama, the Democratic-controlled Congress approved historic legislation Sunday night extending health care to tens of millions of uninsured Americans and cracking down on insurance company abuses, a climactic chapter in the century-long quest for near universal coverage.

Widely viewed as dead two months ago, the Senate-passed bill cleared the House on a 219-212 vote. Republicans were unanimous in opposition, joined by 34 dissident Democrats.

SO…what will we REALLY get? (Besides inevitable national bankruptcy!)

Obamacare Means 159 New Gov’t Agencies

Oh, joy…just what we need. (NOT!)

The new government agencies that will be created as the result of Obamacare will worsen the quality of American medical care by restricting physicians and hospitals to use their best judgment, according to Rep. Tom Price, R-Ga., a physician and chairman of the Republican Study Committee.

In fact, he says, the bill would create 159 new governemnt agencies to regulate insurance and medical care for Americans.

In Churchillian terms this will not be the end of the debate…it’s not the beginning of the end…it’s the end of the beginning.

Hatch Says It’s ’Nuts’ to Think House Vote Ends Health Issue

Republican Senator Orrin Hatch said Democrats in the U.S. House of Representatives are “nuts” to think tomorrow’s vote on health-care legislation will resolve the issue.

If the measure passes, Senate Republicans have enough votes on at least two points of order to alter the measure and send it back to the House for a second round of votes, Hatch said in an interview on Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend.

“If those people think they’re only going to vote on this once, they’re nuts,” Hatch said as House Democratic leaders rounded up support before the scheduled vote on President Barack Obama’s top domestic priority.

“Any stick will do when you want to beat a snake.”

B.O. Administration Goes After…Fishing?!

WTH?  What’s next?

Culled out: Obama moving to limit fishing access

The Obama administration will accept no more public input for a federal strategy that could prohibit U.S. citizens from fishing the nation’s oceans, coastal areas, Great Lakes, and even inland waters.

This announcement comes at the time when the situation supposedly still is “fluid” and the Interagency Ocean Policy Task Force still hasn’t issued its final report on zoning uses of these waters.

That’s a disappointment, but not really a surprise for fishing industry insiders who have negotiated for months with officials at the Council on Environmental Quality and bureaucrats on the task force. These angling advocates have come to suspect that public input into the process was a charade from the beginning.

This is an old strategy that was at the heart of the old Soviet system: solicit input, ignore it, impose whatever it was you were planning to do in the first place. (Since you DID solicity “input”, it is considered a “democratic” process…the people did get their say, not that it was really worth anything!)

There’s a precedent for this process:

“When the World Wildlife Fund (WWF) and International Fund for Animal Welfare (IFAW) completed their successful campaign to convince the Ontario government to end one of the best scientifically managed big game hunts in North America (spring bear), the results of their agenda had severe economic impacts on small family businesses and the tourism economy of communities across northern and central Ontario,” said Phil Morlock, director of environmental affairs for Shimano.

“Now we see NOAA (National Oceanic and Atmospheric Administration) and the administration planning the future of recreational fishing access in America based on a similar agenda of these same groups and other Big Green anti-use organizations, through an Executive Order by the President. The current U.S. direction with fishing is a direct parallel to what happened in Canada with hunting: The negative economic impacts on hard working American families and small businesses are being ignored.

“In spite of what we hear daily in the press about the President’s concern for jobs and the economy and contrary to what he stated in the June order creating this process, we have seen no evidence from NOAA or the task force that recreational fishing and related jobs are receiving any priority.”

There is more detail in the article, and others linked from it, on what’s going on…with the usual suspects…enviro special interest groups with their collective noses up the backside of the bureaucrats who will be generating the executive order Imperial Decree that the “Dear Leader” eventually signs.

Typical progressive arrogant elitism once again. B.O. really has THAT routine down pat!

Obamascare Digest

There’s a LOT of stuff right now on this…because there is a lot happening. Follow the links for additional coverage on these…

Sen. Thune, to his credit, is leading out in the Senate opposition to Obamascare:

Thune: GOP preparing to slow or block health bill in Senate debate

Republicans are preparing to raise points of order and other roadblocks to the healthcare bill, a member of the Senate GOP leadership said Tuesday evening.

Like the African proverb says: “Any stick will do when you have to beat a snake.”

Sen. John Thune (R-S.D.), the fourth-ranking Senate Republican who serves as chairman of the Republican Policy Committee, said the GOP is prepared for a number of scenarios in which they would seek to slow down or halt passage of healthcare legislation once it comes back before the Senate.

“I still think it creates a lot of problems when it comes back to the Senate because there will be lots of points of order that will lie against the bill in the Senate, and obviously, we will, hopefully, have the opportunity to raise some of those,” Thune said of the health bill during an appearance on Fox News.

Obama Now Selling Judgeships for Health Care Votes

Tonight, Barack Obama will host ten House Democrats who voted against the health care bill in November at the White House; he’s obviously trying to persuade them to switch their votes to yes. One of the ten is Jim Matheson of Utah. The White House just sent out a press release announcing that today President Obama nominated Matheson’s brother Scott M. Matheson, Jr. to the United States Court of Appeals for the Tenth Circuit.

After the “Louisiana Purchase”, the Cornhusker Kickback”, and the Union exemption one had to wonder if there was any way for the abuse of Presidential power in the interest of partisan politics could be even more flagrent. Now we know. The Answer is yes. What’s next? More of the “Chicago Way” of business:

Barack Obama: I’ll steamroll health reforms through Congress

President Obama declared for the first time yesterday that he was prepared to steamroller his troubled health reform legislation through Congress with only Democratic support; a move Republicans denounced as the “nuclear option”.

Signalling that his patience had snapped after a year-long fight, Mr Obama laid the ground for Democrats in Congress to muscle the Bill through using a high-risk legislative manoeuvre known as reconciliation, which overrides a Republican filibuster. Although he did not use the word “reconciliation”, Mr Obama made it clear that that was the route he intended to take.

Democrats will, as a result, be able to get the health reform package through the Senate with a simple majority. Mr Obama’s party ceded their 60-stong majority in the upper chamber after losing the late Teddy Kennedy’s Massachusetts seat in January.

That shock defeat was due, in large part, to growing public hostility to Mr Obama’s health reforms, which many see as too expensive at a time of soaring deficits. Ramming the Bill through Congress is, therefore, a high-risk strategy that Republicans vowed to exploit.

In short, straight out of the progressive playbook: “Screw you people…you’re obviously too stupid to know what’s good for you, so I, as the leader, will drag you into the future whether you like it or not!”

Gov’t Threatens Rights? SHOCKING!

CNN Poll: Majority says government a threat to citizens’ rights

A majority of Americans think the federal government poses a threat to rights of Americans, according to a new national poll.

Fifty-six percent of people questioned in a CNN/Opinion Research Corporation survey released Friday say they think the federal government’s become so large and powerful that it poses an immediate threat to the rights and freedoms of ordinary citizens. Forty-four percent of those polled disagree. [emphasis added]

Apparently all that change isn’t quite what was hoped for!

According to CNN poll numbers released Sunday, Americans overwhelmingly think that the U.S. government is broken – though the public overwhelmingly holds out hope that what’s broken can be fixed

…like, in November!

B.O. Tax Plans Revisited

The CHief commented on Baraq Hussein’s concession that he is abandoning his sacred campaign promises to avoid any middle class tax increases. This extends that discussion

Obama Begins His Assault on Your Life Savings

The welfare state and your life savings are two cars heading down a one-lane road in opposite directions. One must yield, or there will be a crash.

For Americans who believe in the old-fashioned virtues of hard work, self reliance and respect for private property, the solution is obvious. The welfare state must yield.

For politicians who believe in the welfare state and redistributing wealth, the solution is equally obvious. Your savings must yield.

Barack Obama is of the latter group. In the new health care proposal he outlined this week, he suggested a series of unprecedented tax increases that would extend the greedy hands of government into the life savings of hard-working Americans.

Think this won’t have much effect here in SD?

More of the gory details are described in the article…the conclusion, referring to some of the planned revisions, caught the eye:
The new taxes Obama wants to impose on interest, dividends, annuities and rents to pay for his health care plan are in fact taxes on the life savings of the net payers — on their 401(k)s, savings accounts, paid-off mortgages and life insurance policies — to cover benefits for the net recipients. The redistributionists would ultimately need $435,000 from every full-time worker to cover the welfare state’s unfunded liabilities — even if Obama’s health care plan were never enacted.

Obama is pointing them down the road where they will find it.

Hmmmm. The Chief is a semi-retired public school teacher. Sound like one of those rich folks? (Surely you jest!)

We are living on a quarter-section that has been in the family for over a century — not eactly a land baron. Not being a professional farmer, the cropland on our homestead is rented out to a neighboring pro agriculturalist.

TA-DA! Now, according to B.O.’s reasoning, I am now suddenly by definition a wealthy plutocratic land-owner with “unearned” rental income that becomes worthy of paying extra taxes…and THIS is after already experiencing two successive years of actual tax increases due to IRS “tweaking” the rules.

With no apologies to ANYONE, the Chief has NO HESITATION to state unequivocally that anyone stating that B.O. is not going after the middle class for tax increases under the guise of the Obamacare is either (1) a total partisan hack kool-aid drinker, (2) incapable of rational analysis, (3) someone out for the extension of governmental domination as their primary policy goal, (4) a well-intentioned fool with a lack of situational awareness, or (5) some combination of the above.

Sorry folks, the proof of the puddin’ is in the outgoing increased payment checks to the I.R.S. — at the same time that income has significantly decreased!

How’s all that HOPE and CHANGE working out for YOU?