Politics

David Stockman exposes Mitt Romney as a plutocrat, not an entrepreneur.

"Bain Capital is a product of the Great Deformation. It has garnered fabulous winnings through leveraged speculation in financial markets that have been perverted and deformed by decades of money printing and Wall Street coddling by the Fed. So Bain’s billions of profits were not rewards for capitalist creation; they were mainly windfalls collected from gambling in markets that were rigged to rise."

Insiders knew all this. The rest of us did not, and most still do not. I wrote before that Romney's statements on the economy showed he had no idea how an economy worked. Stockman verifies this:

"The waxing and waning of the artificially swollen LBO business has been perfectly correlated with the bubbles and busts emanating from the Fed—so timing is the heart of the business. In that respect, Romney’s tenure says it all: it was almost exactly coterminous with the first great Greenspan bubble, which crested at the turn of the century and ended in the thundering stock-market crash of 2000-02. The credentials that Romney proffers as evidence of his business acumen, in fact, mainly show that he hung around the basket during the greatest bull market in recorded history.

Needless to say, having a trader’s facility for knowing when to hold ’em and when to fold ’em has virtually nothing to do with rectifying the massive fiscal hemorrhage and debt-burdened private economy that are the real issues before the American electorate. Indeed, the next president’s overriding task is restoring national solvency—an undertaking that will involve immense societywide pain, sacrifice, and denial and that will therefore require “fairness” as a defining principle. And that’s why heralding Romney’s record at Bain is so completely perverse. The record is actually all about the utter unfairness of windfall riches obtained under our anti-free market regime of bubble finance."

Romney knows how to use government to milk the people to enrich the plutocrats. That has nothing to do with knowing how an economy works.

Supreme Court refuses to hear case, effectively siding with Obama, on challenge to early voting in Ohio.

"Initially, early voting on the final weekend before Nov. 6 was available solely for members of the military and overseas residents, but the Obama campaign filed suit to make that weekend open for all registered voters in the state. "

I have to agree with Obama on this one. If some people can vote, everybody should be able to vote.

I'm not surprised that underage students support Obama over Romney 51 - 45. They are brainwashed to bow to their rulers.

Oh my gosh, the Onion nails it again.

"According to reports, millions of viewers across the country are expected to tune in to tonight’s town-hall-style presidential debate at Hofstra University in order to determine which complete and utter sociopath they find more likable this time around."

This is humor because it's the truth but almost nobody realizes it. What kind of people kill foreigners including women and children in mass murders from 50,000 ft? Sociopaths. What kind of people use threats of violence backed by violence to steal money from every family in the US? Sociopaths. What kind of people use threats of violence backed by violence to coerce people into doing activities they don't want want to do, and to prevent them from engaging in peaceful activities? Sociopaths. We've created a society ruled by sociopaths.

I'm going to hate it when Boortz quits writing the Nuze. Here's a good one.

"On the campaign trail in the week after the presidential debate, Obama mentioned Big Bird 13 times -- 13 times more than he mentioned Libya."

As I wrote before, we live in Bizzaro world.

This picture from Reason really slams Hillary Clinton. She looks like an old, pregnant hippy idolizing Obama.

I'd be surprised if this was an accident. The content of the article is immaterial. It's easy to use pictures to bias opinion. This looks like Reason did exactly that.