Following a worldwide sell-off, US stocks are plunging again. Our politicians can't seem to figure out that the market is going to correct itself for the government created housing bubble regardless of what they do. Because of Greenspan's irresponsibly loose monetary policy and the government forcing banks to make home loans to people who couldn't afford to pay them, our housing market is overbuilt. We have more houses than people who want to buy them, and the market will correct for that no matter what politicians do. The more they interfere, the worse the crisis becomes. They should fix the root problems: repeal the CRA and archaic laws restricting the flow of capital, privatize Fannie and Freddie, force the Fed to keep inflation low, and abolish the income tax that rewards debt and punishes savings, capital investment, and work in favor the FairTax, and allow the market to correct as quickly and painlessly as possible.
OPEC cuts oil output in an attempt to stop a price slide.
Is anybody surprised that state tax receipts are down? That's what big government does - it hurts the economy and lowers revenue.
Is anybody surprised that the Bush administration missed the deadline for finishing the border fence with Mexico?
Democrats angry that US Chamber of Commerce is aggressively backing Republicans. If the Democrats want support of the Chamber of Commerce, they should become more supportive of commerce.
Obama says he does not regret his spread the wealth comment. This is a pattern with Obama. He never admits mistakes. He always blames others for his mistakes. He has a psychological problem that keeps him from taking responsibility for his own decisions, and that's ultra-scary in a president. Writer thinks Obama's potential for victory is playing a role in the stock sell-off.
Boortz suggests that in order to stave off the effects of Obama and Democrats if Obama wins, businesses will hire more temp and contract workers. I agree. This will become the norm. It will be too much of a burden to hire employees any more. Businesses should have started doing that over the summer, or at least announced it, making sure their employees understood the consequences of electing Obama and Democrats.
Did we really need a poll to tell us that Democrats are significantly more emotional and angry than Republicans this election? Unhinged would be a better description.
And at least one McCain supporter is unhinged as well. Woman who claimed black mugger carved letter 'B' into her face after he found out she was a McCain supporter made the story up. She says she "might have" cut the 'B' into her own face. This woman needs mental help.
Table shows that high income earners pay a much larger percentage of our nation's income tax today than they paid in 1980, when the top rate was much higher.
UN releases report on income disparity in US cities as if it's a bad thing. The obvious implication is that government is supposed to spread the wealth around. The reason we have such income disparity in the US is government restricts competition. In a free market, workers would get a higher percentage of a company's income because they would be free to change jobs to make more money.
Bill Ayers's Weather Underground planned to "eliminate" 25 million die hard capitalists. Osama bin Laden's goals are modest by comparison. Good thing Obama's future Marxist buddies were more incompetent than Lenin and Mao. But to liberals, Ayers is just an education professor. This is the kind of extremist change Obama promises to bring to the White House.
Cartoon about a Democrat taking candy from trick or treaters to give to children who don't trick or treat. Funny.
List of Barack Obama's scary friends. I guess this is his little black book.
Is anybody surprised that early voting is favoring Obama? Voting should not be a trivial activity. Nobody should be able to register to vote and vote at the same time on a whim. Voting should demand more from the voter than ording a pizza does from the pizza customer. Voters should have to register well in advance of an election. Voters should have to show a significant reason, like military service, they cannot make it to the polls on election day to obtain an absentee ballot. Voters should have to show their picture ID to cast votes at the polls. Voting is one of the most powerful privileges in America, and the process should require voters to put in at least a tiny amount of thought and concern for the process.
This is the next logical step in the surveillance society - robot teams controlled by a human that run target individuals down like a pack of dogs runs down a wounded prey. The next generation won't need the human controller. There's not a logical argument to stop this, and if we don't develop that kind of technology, our enemies will. This logical conclusion is very scary.
Bengals quarterback Carson Palmer may be done for the season. Who can blame him? Why should Palmer risk his body playing for Mike Brown's rotten team? He'd be smart to find a way to stay off the field until his contract is up.
The Onion provides an insightful and sad commentary on Ron Paul's campaign. As we sit here today, it seems meaningless, and it may remain meaningless forever. Despite his efforts and the small group of devoted followers he gained, we're about to elect either the most radical leftist in history or the most liberal Republican since Nixon. Some time last spring or maybe even earlier, I wondered in a post whether we were better off electing the Democrat now, drinking our poison, and hoping that failure would make the Republicans revert at least temporarily and weakly toward the small government of Reagan, or to vote for McCain and reaffirm for Republicans that they can continue to stay in power despite their big government ways.
If Democrats win, we're screwed horribly for years. Somewhere between '70s era and depression era screwed. But if Republicans win, we're going to continue going down hill more slowly for 4 years, then get hammered by a different, but equally socialist Democrat in 2012. I don't know which is the better choice, taking the worst option now but giving ourselves a chance to wake up and adopt smaller government in 2012, or delaying the worst, but putting off the option of actually fixing the problem in 2012.
Survey shows that Americans know more about Joe the Plummer than they know about Obama's ties to ACORN. This is at best dereliction of duty on the part of the media, but more accurately, it's the media's political activism in action.
Condaleezza Rice says our failing education system is our greatest national security threat. She's partly right. It's part and parcel of our runaway government spending. Government schools are hiring foreign teachers because Americans won't work in such a poor environment for such poor pay.
Friday, October 24, 2008
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