Posts Tagged ‘Barbara Boxer’

California Bucked Trend, Voted For Democrats – And Now Will Get A Facefull Of Hell

November 20, 2010

California is in a total meltdown.  But don’t worry.  The state elected a governor formerly known as “Moonbeam” to face reality so the residents wouldn’t have to.  It re-elected the most ideological witch (I’m sorry, SENATOR Witch – she worked so darned hard for that title) in the entire US Senate.  And it actually ADDED to the number of Democrats who already had total control of the state.  Oh, and it passed a proposition that will give Democrats even more total control by making the Republican minority totally irrelevant in the budget process.

Which is another way of staying, it’s time for all the rats to jump overboard and start paddling furiously.  Because the Good Ship Lollipop is about to take a trip to Davy Jones’ Locker.  And she aint no submarine:

Panic in the California Municipal Bonds
November 17th, 2010 1:30 pm MT

There is a fund called the PIMCO California Municipal Income Fund II symbol PCK on the New York stock exchange.

In the last few days the fund has been going vertical down.  Investors can’t get rid of this turkey fast enough. (SEE PICTURE TOP LEFT-DOUBLE CLICK ON CHART TO ENLARGE).

“It might be argued that muni markets are merely reflecting similar declines in Treasuries (TLT). Fair enough. Bond holders, though, are probably are more interested in the fact that their bonds have declined rather than why.

Warren Buffett warned back in June on the muni bond market as local and state municipalities struggle to meet their obligations amid declining tax revenues.

There was a time — before the 2008 crash — when triple AAA rated, insured munis were seen as the safest of safe investments. Times have changed though. Only Assured Guarantee (AGO) still insures municipals, but the company has been recently downgraded from AAA to AA. Ambac (ABK) is in bankruptcy. MBIA (MBI) is entangled in litigation and no longer writes new policies. The financial guarantee business today is but a shadow of its past.

Even though defaults, so far, are rare, the Fed’s zero interest rate policy has thrown a cloud of uncertainty over all bond markets. One can’t help but wonder what happens when ZIRP is withdrawn. Declining tax revenues, rating downgrades, loss of insurance and rumors of bailouts all contribute to the uncertainity and suspicion.

It may be wise to lighten up on all medium to long term bonds at this juncture. Greece, Ireland and Portugal may not be as far removed from New York, Illinois, and California as we might wish.” More…

You have got to love the above quote especially when it says that this precipitous drop is no cause for alarm but at the same time it might be a good idea to lighten up. We prefer to say that there is panic in the California bond markets.

Basically what investors are saying is that they want more interest from these bonds because they are not paying enough. When bonds go down interest on the bond goes up. The problem is that California has no money. The more it raises taxes, the worse the economy does and the less revenue there is. Where is the money going to come from to pay more interest?

The answer is that it will not come from anywhere. The bond market knows this and is getting rid of this investment in search of better performance. It could also be argued that the bond market is also giving the newly elected government Jerry Brown and his union supporters a vote of no confidence. The bond markets know that Brown and Company  will not be able to find the money to pay higher bond yields and therefore the value of the bond is greatly diminished.

At least 80% of states are in this mess and Arizona is no exception. Just yesterday a Hispanic man on Access, Arizona’s welfare healthcare system. was denied a liver transplant because the Obamacare health care reform has heaped an extra $1.2 billion shortfall on the state. There was outrage that this man was not able to get his liver. What does this have to do a a collapsing bond market? People still just expect government to pay and pay and pay and that money is unlimited. This collapse of the bond market signals very clearly that the party is over and the money has dried up even though many people expect differently.

Arizona just does not have the means to pay its existing overhead or to raise money through the bond market. The more states raise taxes the less tax revenue comes in because our economy is shrinking. Arizona’s plight is no different than California’s and the illustration of the PCK bond fund collapse reflects clearly that the markets are signaling they have no faith in the states’ abilities to pay their bills.

Someone is probably going to say, “But Arnold Schwarzenegger was a Republican!”

Because everyone knows that a guy who is pro-gay marriage, pro-abortion, pro-embryonic stem cell research, pro-global warming alarmist, pro-radical environmental agenda, pro-illegal immigrant, pro-bailout, and pro-Obama-stimulus, is clearly a “Republican.”

And California decided to teach RINO pseudo-Republicans a lesson by deciding to pass on the successful billionaire chief executive officer of the incredibly successful company and elect Moonbeam instead!!!  Because I don’t want to look at the hand I just pooped in; I want to look at all the wishes in my other hand instead.

California is facing a MASSIVE $25.4 BILLION deficit.  And unlike Barry Hussein, Governor Moonbeam can’t just print more increasingly worthless dollars.

If that isn’t insane enough, California is facing its black hole of debt by digging faster than ever.  As we speak, California is borrowing $40 million PER DAY 24/7 from the federal government (which can print money and devalue the dollar further and further) to pay for jobless benefits.

Because California’s unemployment rate is 12.4%, and, after two years of bennies, liberals have decided that unemployed workers should get a lifetime of unemployment benefits so they never need to worry about finding a job.

Barbara Boxer Caught In The Act Exhibiting Classic Liberal Racism

July 17, 2009

As we reflect upon the profound racial bias exhibited by Sonia Sotomayor in both her speeches (a wise Latina woman can reach a better conclusion than a white male) and her rulings (the New Haven firefighters case), stop and think that she is well within the liberal mainstream in her racism.

It’s liberal racism.  And liberal racism is multiculturalism, pluralism, identity politics, moral relativism, a profound hostility to American exceptionalism, and the most cynical kind of demagoguery for partisan political benefit all rolled into one incredibly self righteous package.

Reflect for a moment on a situation that was going on simultaneouosly to Sonia Sotomayor’s hearing:

Black Business Leader Charges Sen. Boxer With Racial Condescension
The president and CEO of the National Black Chamber of Commerce accused Sen. Barbara Boxer Thursday of racially condescending to him during an Environment and Public Works hearing.

FOXNews.com

Thursday, July 16, 2009
Recommendations by Loomia

The president and CEO of the National Black Chamber of Commerce accused Sen. Barbara Boxer on Thursday of racially condescending to him during an Environment and Public Works Committee hearing.

Republican members of the committee had sought the testimony of Harry C. Alford, an opponent of a climate change bill that narrowly passed in the House.

Alford said in his opening statement that he spoke on behalf of his organization when he argued that the bill would have devastating consequences for small and minority-owned businesses.

But he took offense when Boxer countered his statement by quoting an NAACP resolution that approved the climate change bill and putting it on the record.

Clearly agitated, Alford asked why Boxer would cite that group’s resolution.

“Sir, they passed it. They passed it,” Boxer responded. “Now, also, if that isn’t interesting to you, we’ll quote John Grant, who is the CEO of 100 Black Men of Atlanta.”

Alford protested that Boxer was condescending to him.

“I’m the National Black Chamber of Commerce and you’re trying to put up some other black group to pit against me,” he said angrily.

Boxer claimed that if Grant was there, he would be proud she was quoting him.

“He should have been invited,” Alford exclaimed. “All that’s condescending and I don’t like it. It’s racial. I don’t like it. I take offense to it. As an African-American and a veteran of this country, I take offense to that.”

When Boxer asked if he was offended that she would quote Grant, Alford said, “You’re quoting some other black man. Why don’t you quote some other Asian. You are being racial here. And I think you’re getting to a path here that’s going to explode.”

Boxer defended herself by saying she believes statements by the NAACP and 100 Black Men, who acknowledge the threat of global warming, are relevant.

“There is definitely differing opinions in the black community, just as there are in my community,” she said, adding that she was trying to show the diversity of support behind the climate change bill.

But that didn’t satisfy Alford.

“We are referring to the experts regardless of their color,” he said. “And for someone to tell me, an African-American, college-educated veteran of the United States Army that I must contend with some other black group and put aside everything else in there. This has nothing to do with the NAACP and really has nothing to do with the National Black Chamber of Commerce. We’re talking energy and that road the chair went down, I think, is god-awful.”

Boxer’s office later declined to comment about the exchange.

Harry C. Alford is a great American patriot.  And may God bless him for his integrity and his courage.

Why was he so outraged?

It bothered him that a liberal white elitist like Barbara Boxer would cite other blacks to dismiss and undermine him.  Like race is a card you can deal in a game and say, “I’ve got the Ace of Spades in my hand.  I win.”

What you say really doesn’t matter, Harry, because I’ve got blacks on my side, giving me political cover.  My blacks are better than your kind of black, Harry.  Just like Sonia Sotomayor’s conclusions are better than a white man’s – at least as long as both continue to oppose traditional or conservative principles.

What was Alford’s argument?  Let’s see that opening statement again:

Alford said in his opening statement that he spoke on behalf of his organization when he argued that the bill would have devastating consequences for small and minority-owned businesses.

It wasn’t, “Look how black I am.  Look how black my group is.”  He said, “You’re going to hurt small businesses, including minority-owned small businesses.”  And there are facts galore to back up the devastation Democrats are going to reap among small businesses.  And red or yellow, black or white, small business owners are going to get nailed by these massive tax increases.  They are going to experience a double whammy, seeing the taxes on their earnings shoot up with higher rates and surcharges even as they get nailed with an 8% payroll tax to fund health care.

And Barbara Boxer’s response was none of that matters, because she’s got even BETTER blacks (liberals universally agree the NAACP raises the best blacks, after all) on her side.  Her blacks cancel out Harry’s blackness and make it so it doesn’t even matter that Harry C. Alford happens to be black.

We’ve seen what liberals think of the “other kind” of black.  Clarence Thomas, Condoleezza Rice, Thomas Sowell, and others: they’re “House negroes.”  They’re “Uncle Toms or Aunt Jemimahs.”  They’re “Oreo cookies.”  Or as Janeane Garofalo contemptuously dismisses them, they are stupid negroes with Stockholm Syndrome, slobberingly kissing the feet of their massahs.  Nothing to see here, folks.  These black people don’t count.  It’s okay to demonize conservative blacks in the most racist fashion imaginable because we’ve got our own blacks.

Colin Powell and Bill Cosby seem to leap in and out of their “house negro” status, depending on what they say on any given day.  Today, as long as they spout the language of global warming alarmism, they are not house negroes.  But they had damn well better tow the liberal line.

Barbara Boxer wants “her kind” of house negro.  And that nasty Harry C. Alford doesn’t want to be her house negro.  My gosh.  That uppity black man doesn’t want to be anybody’s house negro.  He wants to be his own man, if you can believe it, and stand up for legitimate business principles that will benefit anybody of any color.  That kind of attitude will get him in trouble.  Because liberalism is the new “bus.”  And conservative blacks had better get in the back and stay quiet if they know what’s good for them.

Barbara Boxer’s “kind” of house negro is Al Sharpton.  Think of Al when confronted by the fact that the Tawana Brawley “assault” was the worst kind of racist hoax:

‘The Brawley story do (sic) sound like bullshit, but it don’t matter. We’re building a movement. This is the perfect issue. Because you’ve got whites on blacks. That’s an easy way to stir up all the deprived people, who would want to believe and who would believe—and all [you’ve] got to do is convince them—that all white people are bad. Then you’ve got a movement…It don’t matter whether any whites did it or not. Something happened to her…even if Tawana don’t (sic) it to herself.’

Ah, now THIS is the kind of negro white liberal elitist like Boxer wants.  She can use them like laborers in the liberal plantation to spread the message of Marxist class warfare turned identity politics.  Bourgeoisie versus proletariat, white versus black, it’s all the same to us: We can exploit both versions in our big government narrative just the same.  “You’re a helpless victim!  Let us help you!  Let us grow government to encompass your entire world to create a cocoon of safety for you!”

Some years back, philosopher Francis Beckwith related a story of participating in a radio talk program with the subject under discussion being rape.  A woman calling in said Francis had no right to an opinion because he was a man.  And Francis asked her, “How do you know I’m a man?  My name is Francis.”  The woman said, “You have a deep voice.”  And Francis said, “So does Bea Arthur.”  Francis continued to object to being called a man, until finally the woman was resorted to shouting, “You’re a man!  You’re a man!” over and over again.

As Francis later related, actually that felt pretty good.

Francis Beckwith IS a man.  But his point was that arguments don’t have testicles.  An argument is true of false by virtue of whether it corresponds with logic and reality; it is not dependent upon the gender of the one making the argument.

Arguments don’t have melatonin, either.

Unless of course, you are a liberal.  If you are a liberal, nothing counts as being “true” unless it is said by a member of an official, certified victim group.  And then it becomes irrefutable whether it has anything to do with logic or reality.

Truth doesn’t matter.  Facts don’t matter.  The quality of the arguments being presented don’t matter.  Only the status of being a minority or a victim matters.  I am victim.  Hear me whine.

And if the fact is that a white male would have without question been crucified upside down for saying, “I would hope that a wise white male with the richness of his experiences would more often than not reach a better conclusion than a Latina woman who hasn’t lived that life,” so much the worse for the facts.  Blatant discrimination is fine, as long as the one being discriminated against isn’t a member of a liberal victimhood group.  Or as long as you have your very own blacks to draw upon.

Harry Alfred, thank you.  And not, “Thank you as a white man to a black man,” but rather, “Thank you as a man for standing up for values that transcend race because they equally apply to all men and women of all colors.

Allow me to say one final thing.  And if someone wants to tell me, “You’re just like Barbara Boxer, playing the ‘My black is better than your black’ game,” so be it:

Martin Luther King was a Republican who stood for the content of peoples’ character and the quality of their ideas being far more important than the color of their skin.  Does anyone believe that Dr. King would have been anything other than appalled that a man like Al Sharpton would be a leading figure in the movement he gave his life to advance?  Does anyone believe that he would have been anything other than outraged that a Latina woman could utter such profoundly racially biased words with such aplomb?  Tragically, Martin Luther King embodied transcendent principles that have largely been dismissed and even reviled by the left in favor of their near polar opposites.