Henry Hazlitt on Marx and wealth envy.
Chicago columnist reports that Chicago-style politics have taken over Washington. Ya think?
You know Obama's plan for banks and the financial markets is bad when Paul Krugman rips it. Obama is playing another round of privatize profits and socialize losses. It's worked so well so far.
In effect, Treasury will be creating — deliberately! — the functional equivalent of Texas S&Ls in the 1980s: financial operations with very little capital but lots of government-guaranteed liabilities. For the private investors, this is an open invitation to play heads I win, tails the taxpayers lose. So sure, these investors will be ready to pay high prices for toxic waste. After all, the stuff might be worth something; and if it isn’t, that’s someone else’s problem.
As narcissistic and dumb as Obama is, surely his advisers have told him this is a bad idea, but he's going to try to force it down our throats anyway.
It's good to see conservatives suddenly waking up to the true nature of government. I could have written these paragraphs.
Everybody makes mistakes, and I made a beaut the other day. I was wrong to call members of Congress blow-hards and buffoons and declare them worse than useless.
I was too kind.
I should have said our representatives are gangsters in pinstripes and pearls. They are petty tyrants and the more power they grab, the more at risk we are. Homeland Security should flash Code Red any time this Congress is in session.
We've needed conservatives to think this way for 8 years, but better late than never. They need to understand the anger felt by the great mainstream of America has been building under Bush, and is just now boiling over because Obama is like Bush on steroids. If conservative voices like this guy carry this to the next step and realize that Bush and his Republicans were nearly as bad and that government itself is the problem, we have some hope for the future.
The problem is the author limits his criticism to this Congress. Granted, this Congress is easily the worst I've ever seen, but the last 4 or 5 have been almost this bad, and Congress has been controlled by petty power-hungry tyrants for 100 years. Still, this essay provides a glimmer of hope.
AIG is not the problem, Obama and the Congress are the problems. Contrary to what the crooks running our government want us to think, the AIG bonuses were no secret.
"A November SEC filing by the company details $469 million in 'retention payments' to keep prized employees."
In January, two House members urged the Federal Reserve and the Treasury to block such bonuses. Last month, the Senate passed an amendment outlawing such payments by companies getting federal bailout funds -- and then dropped it.
The White House was also in the loop. Sen. Chris Dodd (D-Conn.) says that the administration asked him to attach a provision to the stimulus bill that authorized such bonuses. Dodd protests that he only agreed because he didn't understand what the measure would do.
Maybe other people who voted for it in the Senate and House didn't either. Maybe Dodd and the rest ought to read legislation before they approve it.
It turns out I was right about those bonuses being used to keep top talent from fleeing the sinking ship. Let's redirect the pitchforks where they belong - the White House and the Capitol. I still think this all a smoke screen for a far broader tax that will pass constitutional muster and never be applied to the AIG employees.
This double standard burns me up. Here's a conservative calling for the end of corporate welfare, which wonderful position, but he blames all the corporate welfare on Democrats. Give me a break. Do you think he's had a lobotomy making him forget that Bush and bipartisan effort from Republicans and Democrats started this mess? The author mentions Paulson, but you'd never know he was a Republican, and the article never mentions Bush. Did his lobotomy make him forget that both Republicans as well as Democrats have supported corporate welfare for decades? For America to recover, conservatives need to get over this partisan crap and start acknowledging the governments of both parties are the problem, both parties are destroying America, and it's just that Democrats are doing it more quickly than Republicans.
Police seizing money despite no crime being committed.
Though the processes may differ with each case and whether it’s handled by federal or state prosecutors, people who typically have money seized must file a claim if they want it back. They have to show how they got the money and that it was procured legally.
This is insane. Citizens should not have to account to policemen for how much money they have, no matter how much it is. Apparently cops and prosecutors have never heard the term burden of proof. Why hasn't the Supreme Court put an end to this? The Constitution is spinning in its grave.
Depending on the subtleties of the case and what court is involved, the money usually ends up divided among prosecutors and the police agency or agencies responsible for seizing the money.
Hello? This is supposed to be a America. This is just theft pure and simple. "Hey, wer'e running a little short on cash." "Don't worry, we'll just go sieze some today." Naturally the article doesn't mention under what authority the police do this.
Hot girls don't have to worry about jobs in the recession. They can always do porn.
I don't have a problem with allowing the Taliban to form a political party in Afghanistan. That's for the Afghans to decide, not us. I have a problem with continuing to try to build a state in Afghanistan that is doomed to fail. If the Afghans want to embrace the Taliban, that's their choice. Our concern in Afghanistan should only be US security.
Democrats in Chicago are so corrupt they even manage to screw up privatizing parking meters. Because of the high rates, Chicago residents aren't parking on downtown streets anymore. Chicago, California, Michigan, Ohio and other are all suffering from self-inflicted pain from big government.
Moody's list of 283 troubled companies.
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