Bomb kills 4 US soldiers in Afghanistan.
Long Mises essay explains the boom bust business cycle, has wonderful section describing how we got into the current crisis and concludes that in order to recover from this crisis, we need more savings and capital investment, not increased consumer spending and boondoggle stimulus programs.
Swiss researcher claims markets stimulate invention better than patent systems. I like this article because it's the first I've read on the subject that explains how the inventor gets paid.
Aristocrats can't seem to survive without a war. Now Obama has declared war on our economy and Republicans. Like the war on drugs, this is another war on Americans. Our economy is losing, we're losing, and President Uniter has once again been exposed as a fraud as he daily. I'm tired of government aristocrats trying to keep the people agitated, unthinking and divided by pretending every issue is a war. I'm sure the liberals who though George Bush was evil for fighting a war against terrorists who were trying to kill us will kiss Obama's anointed feet for fighting a war on our economy.
Obama's stimulus plan gives Microsoft $11 million to build an overpass connecting 2 of its campuses. Like Microsoft needs stimulus money. That's nothing but vote buying money, just like the rest of Obama's stimulus boondoggle.
Dayton is experiencing a bridge building bubble right now. In typical government fashion, this page hasn't even been updated in 2009. I think 8 bridges are either being repaired or have been demolished and are being replaced at one. The city is suffering traffic problems, costing us money because of it. Granted, it some of this construction is probably worth while, but certainly not all of it, and probably not most of it. And the resources to build these bridges are either being sucked from productive private sector jobs our from the unemployed. When the bridge building is over, hopefully there will be productive private sector jobs for all these people, but since Dayton is on the decline, and taking these resources away from the private sector and messing up our traffic is accelerating that decline. I predict when the bridges are fixed, the bridge bubble will pop and Dayton's recession will grow deeper.
Ben Bernanke says the biggest risk we face is lack of political will. Bull. The biggest risk we face is putting such tremendous power into the hands of a fool like Ben Bernanke who is destroying our economy while we sit and watch. The reason our financial system is still unstable is because Bernanke, Paulson and Geithner won't let failing banks and other failing institutions fail. Until they allow that to happen, our financial system will remain unstable. The era of high living was created by the Fed's infationary monetary policy, and Bernanke is repeating that same mistake, but even worse this time. You can't keep a burst bubble inflated, and Bernanke's inflationary policy will blow up another even bigger bubble. Ben Bernanke should resign immediately.
Michael Barone exposes the failure of Obama's agenda - his health care, cap and trade and education proposals would all harm our economy. Obama doesn't give a damn about our economy. He wants it bad so he can exploit it for his real agenda. But that approach is already backfiring on him, and Obama can never fix our economy because he's a central planner and our economy needs more freedom to recover.
President Obama's approval ratings are worse than Bush's at this time, and Bush didn't even have a majority of the popular vote when he was elected. This essay highlights the laundry list of Obama's failures and why the people are so worried about him. Some of the numbers are staggering.
George Will explains how racial gerrymandering went wild.
Words mean things, and Obama lies about the meaning of words. He's dishonest and unethical.
The President’s inconsistencies have become so egregious that Peter Whener of Washington, DC’s Ethics And Public Policy Center was compelled last week to describe Obama as an “agent of cynicism.” Writing in Commentary magazine, Wehner stated that Obama is pretending that “the politics of cynicism“ is the “politics of hope,” and is displaying a willingness to “vulgarize and invert the meaning of words” so as to advance his own “narrow aims.”
We need a leader to take back the meaning of words.
Many people don't listen to real climate experts, and the global warming frauds are doubling down on their lies and their allies in the press are repeating them because they sense their window to implement draconian anti-capitalist policies is rapidly closing.
The first in Copenhagen, billed as "an emergency summit on climate change" and attracting acres of worldwide media coverage, was explicitly designed to stoke up the fear of global warming to an unprecedented pitch. As one of the organisers put it, "this is not a regular scientific conference: this is a deliberate attempt to influence policy".
On the other hand, the conference of real climate scientists went largely ignored by the press.
Yet the terrifying thing, as President Klaus observed in his magisterial opening address, is that there is no dialogue on these issues. When recently at the World Economic Forum in Davos, he found the minds of his fellow world leaders firmly shut to anything but the fantasies of the scaremongers. As I said in my own modest contribution to the conference, there seems little doubt that global warming is leading the world towards an unprecedented catastrophe. But it is not the Technicolor apocalypse promised by the likes of Al Gore. The real disaster hanging over us lies in all those astronomically costly measures proposed by politicians, to meet a crisis which in reality never existed.
Oh my goodness, Mark Steyn is a national treasure. Thank goodness we gave that guy citizenship. Check out this quote from his latest essay on spendapallooza and the debt we're piling on our children:
The Bailout and the TARP and the Stimulus and the Multi-Trillion Budget and TARP 2 and Stimulus 2 and TARP And Stimulus Meet Frankenstein And The Wolf Man are like the old Saturday-morning cliffhanger serials your grandpa used to enjoy. But now he doesn't have to grab his walker and totter down to the Rialto, because he can just switch on the news and every week there's his plucky little hero Big Government facing the same old crisis: Why, there's yet another exciting spending bill with 12 zeros on the end, but unfortunately there seems to be some question about whether they have the votes to pass it. Oh, no! And then, just as the fate of another gazillion dollars of pork and waste hangs in the balance, Arlen Specter or one of those lady senators from Maine dashes to the cliff edge and gives a helping hand, and phew, this week's spendapalooza sails through. But don't worry, there'll be another exciting episode of "Trillion-Buck Rogers Of The 21st Century" next week!
Too funny.
And this Mark Steyn parody comparing Obama's big government to a superhero is hysterical:
If you find it hard to keep track of all these evolutions, the president in his address to Congress finally spilled the beans and unveiled our new hero in his final form: the Incredible Bulk, Statezilla, Governmentuan, a colossus bestriding the land like a, er, colossus. What superpowers does he have? All of them! He can save the economy, he can reform health care, he can prevent foreclosures, he can federalize day care, he can cap the salary of his archenemies the sinister Fat Cats who "pad their paychecks and buy fancy drapes." No longer will the citizenry cower in fear of fancy drapes: Pay no attention to the man behind the curtain! With one solar panel on the roof of his underground headquarters, Governmentuan can transform the American energy sector and power his amazing Governmentmobile, the new environmentally friendly supercar that soon we'll all be driving because we'll be given government car loans to buy the government cars! He'll have hundreds of thousands of boy sidekicks, none of whom will ever be allowed to drop out of high school because (in the words of his famous catchphrase) "that's no longer an option!" "Gee, thanks, Governmentuan!" says Diplomaboy the Boy Wonder, as he goes off to college to study Gender As A Social Construct until he's 34.
...
Is the new all-powerful Statezilla vulnerable to anything? Unfortunately, yes. He loses all his superpowers when he comes into contact with something called Reality. But happily Reality is nowhere in sight. There are believed to be some small surviving shards somewhere on the planet – maybe on an uninhabited atoll somewhere in the Pacific – but that's just a rumor, and Barack Obama isn't planning on running into Reality any time soon.
I had no idea that the French had rewritten histories claiming that the French liberated themselves from German occupation in WWII, even though everybody in France knew full well that wasn't true. I also had no idea that that bitterness about having been freed by Americans, Britons, and other English speaking people had fueled their anger and resentment of America ever since.
France, he said, had made peace with Germany, had forgiven Germany for the brutality of invasion and the humiliation of four years of occupation, but it could never - never - forgive the British and Americans for the liberation.
Wow.
Why is it the stupidest things always happen in Ohio? (Don't answer that.) Court says it will only take cases from people who bring their own paper because the court can't afford to buy any more paper. State of Ohio wants to cut down on kickball games on the Statehouse lawn during the summer to save the grass which is obviously more important to our state aristocrats than citizens. Detroit is pointing at Ohio and laughing.
Judge orders homeschooling mother to put children in government school even though they test 2 grades higher than their age because she's teaching them from the bible, i.e., she isn't teaching them science. I can see why the state has a problem with this because if she isn't teaching them science, then she's failing to provide them a full education that the state would require. Of course, I don't remember having any science classes until junior high anyway. But the state should not set curriculum requirements anyway. If parents fail to provide a quality education for their children, that's their own fault. The country needs menial laborers too.
Iowa Supreme Court rules that despite liability waiver, mother can sue city for damages because her daughter got hit in the head with a baseball bat a baseball game. How stupid. This ruling means liability waivers are worthless, and no children will get to go on field trips anymore. Personal responsibility is under a full out assault in America.
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