Wednesday, April 30, 2008

Free kibbles

Appeals court upholds jury decision that the Port Authority is 68% responsible for the 93 World Trade Center bombing and the terrorists only 32% responsible. Talk about blaming the victim.

Because US and Iraqi  troops are taking out the Mehdi Army in Sadr City, US casualties are at a 
7 month high
. Taking out the Mehdi Army has been long overdue.

The Soviets, oops, I mean Putin's Russians, send more troops into Georgia. Sounds all too familiar, kind of like the Cold War all over again.

It looks like Israel is doing an about face and they will allow Hamas time to regroup and rearm so they can attack more effectively in the near future. I wonder if the news agencies just recycle 
the same stories about Palestinian terrorists and Israel year after year and decade after decade, but everybody just keeps repeating the same failed policies for decades on end. The violence will end when somebody disarms Hamas and Hezbollah, and not one minute before.

The US economy grew in Q1, but that's just an artifact of inflation. Rising gas prices and rising food prices mean we spent more money which means the economy grew, but we all have less value than before, so it should be considered a recession. The Fed cuts key interest rate by 0.25 
of a point, further increasing the money supply and inflation. It's like the Fed thinks its job is to stop recessions. It's not. The Fed's job is too keep the money supply fit to the economy so inflation doesn't get out of control. The Fed is creating the next bubble that will pop in a few years right now.

Federal, state, and local governments are hiring new employees at the fastest rate in 6 years. OMG, we're entering another half-decade of disasterous growth in government. As if the growth in government in 2002 worked out so well for us. We have to stop this titanic government from taking us all the bottom of the ocean.

BP and Shell report record Q1 profit. It sure would be nice if oil companies competed with each other on price. This idea that profit margins are magic is baloney. In a competitive environment, these oil companies would lowing prices to try and steal market share from each other to increase profits. But the oil businesses isn't a competitive environment, it's corrupted by what I call "soft collusion", in which companies tacitly agree not to compete on price, instead setting profit margin goals. This is the inevitable result of the high price of entry into the market because no small competitor can come in and force competition. The price of entry is so high because of government restrictions, subsidies and taxes that always protect big corporations at the expense of small businesses, and capital requirements (but there's plenty of capital available right now thanks to the Fed's flooding the market with cheap dollars).

Patent appeals judges may have been appointed unconstitutionally.

Army investigates conditions at Fort Bragg. Army bureaucrats are the same as any other bureaucrats.

It looks like Zimbabwe will have its run-off election after all because the opposition candidate only won 47% of the vote.

Reason offers a great perspective on the abuse of power by Texas officials when the forcibly removed 463 (how come that number keeps changing, officials?) children from their parents at the Yearning for Zion ranch.

Reason anticipates an interesting battle for the Libertarian nomination. I'm looking forward to it.

In an Indiana campaign ad, Hillary Clinton blames George Bush for the loss of jobs in Indiana resulting from the sale of companies to Chinese companies in 1995, approved by the Clinton administration. This woman is the most shameless, prolific liar of any public figure I've ever seen. She and her husband sold our country out the Chinese in return for campaign contributions from the Chinese government, and she has the audacity to blame Bush for that. Unbelievable.

There's no way of knowing how accurate this unnamed source is, but unlike Obama's baloney, this article smells right. Obama is suddenly claiming he didn't know Rev. Wright's true character. That somehow he missed it in the 20 years Obama listened to his sermons. That's absurd. The comments Wright made publicly this week are the same things he's been preaching for 20 years. We have the tapes. We know this is true. If Obama hadn't been aware of Wright's dangerous radical viewpoints, why did he cut Wright out of his campaign? For Obama to claim he just became aware of Wright's positions 2 nights ago is a lie only Bill Clinton could get away with. And this article backs it all up.

I don't blame Wright or his church members at all for feeling betrayed. They feelt that way because it's true. Obama used that church like a tool when he was carefully crafting his political identity in Chicago as part of the radical black community, and now that that identity and the church works against his new ambition, he tossed Wright and the church aside like a worn out rag. That's not very Christian.

Cheney's lawyer says Congress cannot conduct oversight of VP. Oversight implies the VP answers to Congress, and that's crap. Separation of powers means the Executive Branch doesn't answer to Congress any more than Congress answers to the Executive Branch.

Instead of attacking Miley Cyrus, Disney needs to explain its Chinese underwear ad.

Gore firm creates second green investment fund.  I like green investment, but you have to wonder how much investment is going into green technology, and therefore lining Gore's pockets, because of the global warming fraud. This industry didn't take off until Gore lied about climate change is his movie An Inconvenient Truth. Al Gore should be investigated for fraud.

Here's how companies can get more money without having to borrow from the Fed - sell more stock like Citigroup.

Cato says McCain's health care plan is far far better than either Clinton or Obama's. That's faint praise.

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