David Kellerman, the acting Chief Financial Officer and Senior VP at Freddie Mac, was found dead early this morning from at his home in Virginia. It is described as an apparent suicide. The press is rightly comparing this with the very similar “suicide†of Enron’s top accountant. When large sums of money disappear, the person who knows most about where the money went often, by an interesting coincidence, winds up …
Iran tells it like it is:
In his April 15, 2009 speech, Iranian President Mahmoud Ahmadinejad told America: We say to you that you yourselves know that you are today in a position of weakness. Your hands are empty, and you can no longer promote your affairs from a position of strength. … with the grace of God, and thanks to Iran’s national unity, the recommendations of Supreme Leader, and the following of his [path], nearly …
We are all terrorists now
The liberty papers found an interesting Obama document. It seems that it is not those poor misunderstood adherents of the Religion of Peace that are a problem. It is any American who disagrees with the Obama agenda. Michael Malkin confirms the document is real, not a parody. Veterans are also terrorists, no doubt it comes of persecuting those poor adherents of the Religion of Peace.
Dr Lindzen on “corrected†data
Dr. Richard Lindzen on “corrected†climate data. it has become standard in climate science that data in contradiction to alarmism is inevitably ‘corrected’ to bring it closer to alarming models. None of us would argue that this data is perfect, and the corrections are often plausible. What is implausible is that the ‘corrections’ should always bring the data closer to models.
Worshippers of the Obamessiah start to wake up
The New York Times almost gets it right: Obama’s Ersatz Capitalism What the Obama administration is doing is far worse than nationalization: it is ersatz capitalism, the privatizing of gains and the socializing of losses. It is a “partnership†in which one partner robs the other. Close but no banana. It is crony capitalism, which at its more socialist extreme is fascism, the corporate state, where business and the citizen …
Government pisses away the entire GDP in five months
Bloomberg reports that since November, the government has spent, loaned, or guaranteed 12.8 trillion, an amount very close to one year’s GDP – one year of everyone’s income, or $42,105 for every man, woman, and child in America.
Smashing capitalism
President Barack Hussein Obama tells us: Your warranty will be safe. In fact, it will be safer than it has ever been. Because starting today, the United States will stand behind your warranty. This reads like something out of “Atlas Shruggedâ€. I predict fifty percent inflation or so over the next three or four years – and that is if we eventually turn back from this course, or at least …
Geithner’s plan explained
President Barack Hussein Obama tells us: Your warranty will be safe. In fact, it will be safer than it has ever been. Because starting today, the United States will stand behind your warranty. This reads like something out of “Atlas Shruggedâ€. I predict disturbing inflation or so over the next three or four years – and that is if we eventually turn back from this course, or at least stop …
The crisis explained
I have been seeing a lot of references to “a speculative bubble†Nope. They were not speculating. The crisis consisted of people, mostly members of protected minorities with nothing to lose, buying houses they could not afford with borrowed money in the expectation that they would go up, and if they went down, it was the bank’s problem. So the people who bought houses were taking no risk, since mostly …
Racefail 09 explained
Constantinople drew my attention to “This way lies fascism†which explains the conflict of which Racefail 09 is part. The left claims authority to convict people for thought crimes committed in other people’s dreams. The hearer can find an offensive meaning without concern for authorial intent, and the author is guilty regardless of his intended meaning. This leads to conflict, Racefail 09 being part of that conflict. Under Racefail 09 …