Category: politics

economics

The party of the state

The number of federal workers earning $150,000 or more a year has doubled in the two years since President Obama took office Update: Bill however argues this is less alarming that it seems: The big jump in % over $150K is all from the fact that the GS scale maxed out less than $150K in 2005 and over $150K in 2010. It’s totally mechanical, an incident of drawing the line at $150K.

politics

Jihad watch reports Obama is Muslim

Jihad watch reports on the anointed one’s visit to India: Obama is visiting … a Muslim shrine. He has no plans to visit any holy places of the Sikhs (such as the Golden Temple, Amritsar), or any Hindu holy places, Buddhist holy places, or Jain holy places. Nor does he plan to visit Nariman house, the Chabad house in Mumbai that was the chief target of the jihad mass-murderers who killed 173 people in November 2008. India is majority Hindu. …

party politics

Yes, Obama is a Muslim.

I  doubt Obama believes in anything, not in God, not even the evidence of the senses – but to be officially a Muslim, you have to publicly pronounce the Shahada:  “There is no God but Allah, and Mohammed is his prophet”.  Obama did as a child, and recently repeated in public as an adult.  To cease to be a Muslim, you have to publicly reject that proposition, which he has not done, or publicly accept a contrary proposition, such as …

economics

Yet another vote for European style Social Democracy

As Europe collapses, Americans vote to be like Europe. The republicans now have control of the purse strings, and, among other things, have promised to reduce next years deficit from $1470 000 000 000 to $1370 000 000 000.  We are in a bus heading towards a precipice at seventy miles and hour, and the republicans promise to slow down to sixty five miles an hour. Any tea party candidate that made vague noises in the general direction of doing …

party politics

Vote Cthulhu

Why vote for the lesser evil? Bush, of course, launched numerous expensive new programs and entitlements, and failed to restrain the inherent growth of Clinton’s affirmative action easy mortgage program.  He encouraged the growth of that program, though to judge by the screaming of the Democrats at the time, probably slightly less than the Democrats would have done. But even if Bush had launched no new entitlements, restraining the inherent growth of Clinton’s mortgage program would have been unthinkably drastic …

economics

Fixing the financial system

We are in trouble, the entire west is in trouble, in substantial part because the financial system has been leaking a lot of money.  So has every other part of the governing apparatus, but the financial system is the biggest hole in the bucket. Now a lot of people are saying that this is a revolutionary election, it is about fundamental change.  Thomas Sowell, a man I enormously respect, tells us this is a crossroads election.  But is not.  The …

politics

Sarah Palin proposes an insignificantly tiny reform

Sarah Palin proposes an insignificantly tiny reform. The impressed response to Sarah Palin’s suggestion, the horde of blogs thrilled by her suggestion, shows how rare such suggestions are. She suggests a tiny move rightwards, while normally the extreme right wing of the Republican party merely proposes that we move leftwards at a slightly slower rate.

economics

Winning will be another Republican disaster

Everyone on the Republican side is sucking up to the anti capitalist left – including Sarah Palin and Christine O’Donnel.  None have the will to reverse the policies that are ruining the economy, making the middle class poor and insecure. So, when elected, will get the blame for the consequences of these policies.  Since the supposedly hard core capitalism of the Republicans will not work, obviously the solution must be more socialism. Sarbanes–Oxley, the regulatory door revolving, and Basel, have …

economics

Elections do not matter.

The most extreme of the “right wing” candidates are proposing measures far too feeble to make a difference. Consider for example, the mortgage scandal. Where is the candidate that suggests that to fix our financial system, the bums (the entire financial sector of wall street and the regulators to which they are connected by a revolving door) need to be fired for incompetence and imprisoned for fraud? A lot of people are proposing “solutions” for the mortgage crisis – but …

economics

The whitewash proceeds

One of the bigger criminals in the mortgage scam was Former Countrywide CEO Mozilo.  The SEC has made a symbolic settlement with him and a couple of his accomplices for seventy two million dollars, not a dime of which he has to pay personally, and which would be peanuts even if he had to pay it personally.  As a part of the agreement, all potentially embarrassing details associated with his crimes are sealed from nosy outsiders. What little money will …