Posts Tagged ‘Thomas Sowell’

‘Unexpected’ Increase In Tax Revenues: More Confirmation That Lower Taxes Increases Growth/Revenue

May 9, 2011

I just finished responding to a pair of enjoyable comments from Robbie (here and here).  And Robbie posts an excellent 5:46 minute video of the great economist Thomas Sowell:

As Robbie points out, I say much the same things as Sowell.  What he says about tax rate cuts and increased investment and growth having been proven by four presidents over nearly a century (Calvin Coolidge, John F. Kennedy, Ronald Reagan and George Bush) is exactly what I pointed out in my article “Tax Cuts Increase Revenues; They Have ALWAYS Increased Revenues.”

We just had more confirmation of the effectiveness of tax cuts in INCREASING tax revenues (which means that when the government has lower tax rates, it actually collects MORE in tax revenue than it would were it to have higher tax rates):

WASHINGTON – Treasury Secretary Timothy F. Geithner now is saying that, contrary to his recent dire warnings of “catastrophic economic consequences” should Congress fail to increase the nation’ debt limit, there has been an apparent unexpected increase in projected tax revenue, and the deadline for possible default has been benched until mid-spring.

Allow me to define “unexpected” for you: it is an adjective in Democratese for, ‘We’re too stupid to understand why, and too dishonest to admit it, but conservative economic policies are working.'”

A little more information as to why we had this “unexpected” increase in tax revenue comes out of an interview:

CHIOTAKIS: So how did the Treasury Secretary do this? I mean, I thought the old deadline of July 8th was pretty firm.

GENZER: Yeah, that’s what everybody thought. But Geithner actually got a little help from you and me, Steve — the taxpayers. It seems the IRS actually took in more tax revenue than expected last month.

There was an expectation that was building for the entire second half of 2010 that Republicans would win big in November, which greatly stimulated the stock market:

More than 85 percent of institutional investors see the GOP taking the House next month. While political polls suggest that changes are likely in Washington, a staggering number of professional investors think that the Republicans will win back the House of Representatives in November and that may be adding to their sense of a better business environment going forward. Since government policy error remains the biggest fear of investors, according to the poll, the view of DC trends matters.”

The unemployment rate – which had been steadily going UP, has gone down every month since Republicans were overwhelmingly elected and took over the House.  As I have pointed out in the past:

Here’s an interesting factoid that doesn’t seem to get any mention in the mainstream media: Unless I’m seriously mistaken, the unemployment rate has gone down every month since Republicans took control of The House in January:

Unemployment was if anything going UP.  And then Republicans took over, and whammo.  It started going down.  But Republicans didn’t receive so much as a scintilla of credit from the mainstream media.  It’s just amazing.

One of the things that investors and businesses were looking for from Republicans was their central promise that they would not budge in demanding that the Bush tax cuts be extended.  And as confidence grew that the Republicans would win in November and force Obama to reverse his repeatedly stated intention of pursuing Marxist class warfare and punishing investment, production and growth, people who actually produce in this nation began to act accordingly.

Hence the “unexpected” increase in tax revenue.

Democrats invariably point to the Clinton years as “proof” that the century proving that tax rate cuts increase revenues was just a ninety year fluke.

But the Clinton years actually prove the opposite: conservative policies were right during the Clinton years, too.

First, Clinton and Democrats increased taxes on the top marginal income rates in 1993.  Did wonderful things happen after that?  Well, if you’re a Republican, yes, they most certainly did: as a result of the complete failure of Clinton’s economic policy, 1994 marked the biggest takeover by Republicans in history, with Republicans slaughtering Democrats and taking over both the House and the Senate.

It wasn’t until Clinton reduced the capital gains rates that we really saw the kind of growth that Democrats love to point to.  It wasn’t until AFTER Clinton announced “the era of big government is over.”  And yet the actual reasons for that growth prove that their policies are totally wrong.

With the help of mainstream media propaganda, the American people have largely forgotten that Bill Clinton was forced to say, “The era of big government is over.”  With the help of mainstream media propaganda, the American people have largely forgotten that the “good” Clinton years came as a direct result of Republicans dominating both the House of Represenatives and the United States Senate.  With the help of mainstream media propaganda, the American people have largely forgotten that the “Clinton surplus” was the direct result of the Contract with America and its pledge for a balanced budget – literally over Clinton’s constant attempts to prevent it.

The mainstream media – like the Democrat Party whose propaganda whores they are – WILL NOT tell the truth about such matters.

But here we are again.  Republicans pass tax cuts, and then there’s an “unexpected” increase in revenue.  Just like every single other time.

After George W. Bush passed his tax cuts, we had dishonest and confused liberals reacting as the New York Times did:

“For the first time since President Bush took office, an unexpected leap in tax revenue is about to shrink the federal budget deficit this year, by nearly $100 billion.”

And for the record, President George Bush’s 2003 tax cuts:

raised federal tax receipts by $785 billion, the largest four-year revenue increase in U.S. history. In fiscal 2007, which ended last month, the government took in 6.7% more tax revenues than in 2006.

These increases in tax revenue have substantially reduced the federal budget deficits. In 2004 the deficit was $413 billion, or 3.5% of gross domestic product. It narrowed to $318 billion in 2005, $248 billion in 2006 and $163 billion in 2007. That last figure is just 1.2% of GDP, which is half of the average of the past 50 years.

Lower tax rates have be so successful in spurring growth that the percentage of federal income taxes paid by the very wealthy has increased. According to the Treasury Department, the top 1% of income tax filers paid just 19% of income taxes in 1980 (when the top tax rate was 70%), and 36% in 2003, the year the Bush tax cuts took effect (when the top rate became 35%). The top 5% of income taxpayers went from 37% of taxes paid to 56%, and the top 10% from 49% to 68% of taxes paid. And the amount of taxes paid by those earning more than $1 million a year rose to $236 billion in 2005 from $132 billion in 2003, a 78% increase.

It boils down to this: the more you hate America; the more you hate American economic power; the more you want to see the American people suffer; the more you should vote Democrat.

Now, I mentioned two comments to Robbie.  The other comment was about QE2 and its impact.

QE2 is the economic equivalent of sugar in nutrition.  Will it provide quick energy?  Sure it will.  Will that quick energy come at the expense of future health?  You bet it will.

Right now, as a result of the Obam Federal Reserve’s policy of increasing the monetary supply by buying debt from itself (literally creating money out of thin air), there is more economic activity.  Right now, as a result of this policy, credit rates are lower.  Fewer banks and corporations are going under because of the ready access to cheap money.  Investors see the stability and invest.

We should all feed our children tons of sugar, so we can enjoy the short term bonanza of frenetic activity.

Unless you worry about all the cavities, the weight gains, the diabetes, and of course that huge depressing crash with all of those catastrophic health consequences that necessarily come later..

The first time we ended QE1, the stock market lost 16% of its value in two weeks.  Which is to say it didn’t work the first time for the same reason it won’t work this second time.  Or a necessary third time, etcetera.

One of the more sinister effects of quantitative easing is that it essentially becomes a tax on saving.  You were busy at work putting away as much as you could during a period when your money was worth more.  But now, as a result of artificially increasing the money supply, all that money you accumulated in saving is worth less.  Why is this?  Because you can increase the money supply all you want, but you’ve still got the same finite amount of goods and services.  And when you’ve got twice as many dollars in the money supply as you had before, over time those same goods and services will cost twice as much as before, and so on.

Right now, prices are going up dramatically on virtually everything that matters.  And yet the only ones who refuse to admit it are the federal government and its stauchest mainstream media propagandists who think and report what the Obama regime wants them to think and report.

Meanwhile, the key factor that led to the economic crash in 2008 – the housing market – just had its worst quarter since the darkest depths of that crash.  And as bad as that is, the experts are saying that we are STILL  a ways off from hitting bottom.  Obama hasn’t solved anything.  And economists are described as being in the fetal position over this “unexpected” – (there’s that word again) – development.

It’s just like feeding that little kid sugar: frenetic activity that actually accomplishes nothing, followed shortly afterward by a nasty crash.

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Why Did Our Economy Melt Down In 2008? (Email This To Your Friends)

October 25, 2010

Note: I did not write the following; I am only passing it along.  I hope you read it and then pass it along as well.

Remember the LONG-TERM Causes of the Financial Sector Meltdown (an email pre-formatted for sending)
FreedomKeys.com ^ | 20101010 | various
Posted on 10/23/2010 12:49:32 PM PDT by FreeKeys

Would the Last Honest Reporter Please Turn On the Lights?
by novelist Orson Scott Card, a Democrat
_________
.. This [financial crisis] was completely foreseeable and in fact many people did foresee it.  One political party, in Congress and in the executive branch, tried repeatedly to tighten up the rules.  The other party blocked every such attempt and tried to loosen them.
..
Furthermore, Freddie Mac and Fannie Mae were making political contributions to the very members of Congress who were allowing them to make irresponsible loans.  (Though why quasi-federal agencies were allowed to do so baffles me.  It’s as if the Pentagon were allowed to contribute to the political campaigns of Congressmen who support increasing their budget.) …
..
If you who produce our local daily paper actually had any principles, you would be pounding this story, because the prosperity of all Americans was put at risk by the foolish, short-sighted, politically selfish, and possibly corrupt actions of leading Democrats, including Obama.
..
If you who produce our local daily paper had any personal honor, you would find it unbearable to let the American people believe that somehow Republicans were to blame for this crisis. …
..
So I ask you now: Do you have any standards at all?  Do you even know what honesty means?
..
[Was] getting people to vote for Barack Obama so important that you will throw away everything that journalism is supposed to stand for? …
..
… tell the truth about John McCain: that he tried, as a Senator, to do what it took to prevent this crisis.  You will tell the truth about President Bush: that his administration tried more than once to get Congress to regulate lending in a responsible way.
..
This was a Congress-caused crisis, beginning during the Clinton administration, with Democrats leading the way into the crisis and blocking every effort to get out of it in a timely fashion.
..
If you at our local daily newspaper continue to let Americans believe — and vote as if — President Bush and the Republicans caused the crisis, then you are joining in that lie.
– Novelist Orson Scott Card, a Democrat, on October 5, 2008,HERE
..
.. The Financial Sector Meltdown ..
1.  Almost all of the financial problems we see today are based on bad mortgage lending.  That would be lending money to people to buy homes who didn’t qualify for a loan.
..
2.  The Democrats, under Clinton, strengthened a government-created monster called the “Community Reinvestment Act” [first foisted upon the country under Jimmy Carter].  This law was then used by “activists” and “community organizers” …  to coerce lending institutions to make these bad loans … millions of them.
..
3.  Now we see what happens when political “wisdom” supplants good loan underwriting.  When private financial institutions are virtually forced to make loans to people with a bad credit and job history … this is what you get.  Enjoy it. — Neal Boortz, here ..


.
Enough cards on this table have been turned over that the story is now clear. The economic history books will describe this episode in simple and understandable terms: Fannie Mae and Freddie Mac exploded, and many bystanders were injured in the blast, some fatally.
..
Fannie and Freddie did this by becoming a key enabler of the mortgage crisis. They fueled Wall Street’s efforts to securitize subprime loans by becoming the primary customer of all AAA-rated subprime-mortgage pools. In addition, they held an enormous portfolio of mortgages themselves.
..
In the times that Fannie and Freddie couldn’t make the market, they became the market.
.. — Kevin Hassett, Bloomberg News, here ..

 


.. Obama choice helped Fannie block oversight
National security adviser tied to discrediting of probe ..
By Jim McElhatton, The Washington Times,October 13, 2010 here
..
UNDER SCRUTINY: Thomas E. Donilon worked as a registered lobbyist for Fannie Mae from 1999 to 2005.
..
Years before Fannie Mae foundered amid a massive accounting scandal, President Obama’s choice for national security adviser oversaw an office inside the mortgage giant that orchestrated a negative publicity blitz to fight attempts by Congress to increase government oversight, records show.
..
Thomas E. Donilon, who won the job as national security adviser this month, worked as a registered lobbyist for Fannie Mae from 1999 to 2005 at a time the company’s officials insisted finances were sound. He also earned more than $1.8 million in bonuses [from Frannie Mae] before the government took over the troubled company in the wake of an accounting scandal.
..
Vice President Joseph R. Biden Jr. and Mr. Obama, who railed against lobbyists on the campaign trail, hailed Mr. Donilon’s appointment last week, but made no mention of his time as a registered lobbyist.st wee
..

 


..
Democrats and some [big-government] Republicans opposed reform in part because Fannie and Freddie were very good at greasing palms. Fannie has spent $170 million on lobbying since 1998 and $19.3 million on political contributions since 1990.
..
The principal recipient of Fannie Mae’s largesse was a Democrat, Sen. Chris Dodd (D, CT), chairman of the Senate Banking Committee. No. 2 was another Democrat, Sen. Barack Obama (D, IL).
..
Mr. Dodd was also the second largest recipient in the Senate of contributions from Countrywide’s political action committee and its employees, and the recipient of a home loan from Countrywide at well below market rates.  The No. 1 senator on Countrywide’s list? Barack Obama. Check it out here:  http://tinyurl.com/4h9955
..

 


..
“Congressman Frank and Senator Dodd wanted the government to push financial institutions to lend to people they would not lend to otherwise, because of the risk of default.
..
“The idea that politicians can assess risks better than people who have spent their whole careers assessing risks should have been so obviously absurd that no one would take it seriously.” — Dr. Thomas Sowell, Professor Emeritus, Economics, Stanford University, HERE
..

 


..
When the Bush administration tried to rein in Freddie and Fannie from continuing to engage in risky practices, guess who stepped in to block their efforts? Democratic senators Chris Dodd, John Kerry, Hillary Clinton, and — are you ready? — Barack Obama.
..
Meanwhile, guess who were the top four recipients of campaign contributions from Fannie and Freddie between 1988 and 2008?
..
Senators Chris Dodd, John Kerry, Hillary Clinton, and — still ready? — Barack Obama.
..
A coincidence, I tell you — just a coincidence.
..
More mere coincidences: Franklin Raines — a former Carter- and Clinton-administration official and former head of Fannie Mae, now under investigation for cooking its books — had a lot of powerful people in Congress beholden to his agency. Here is a list of his campaign-contribution recipients. Meanwhile, Democratic honcho Jim Johnson, another former Fannie Mae CEO, has been an economic adviser to and major fundraiser for Barack Obama, and even ran his vice-presidential search committee until growing scandals over his Fannie management forced him to step down in July. – Robert Bidinotto, here ..

 


..
On May 25, 2006, Sen. John McCain spoke forcefully on behalf of the Federal Housing Enterprise Regulatory Reform Act of 2005.  He said on the floor of the Senate:
..
“Mr. President, this week Fannie Mae’s regulator reported that the company’s quarterly reports of profit growth over the past few years were “illusions deliberately and systematically created” by the company’s senior management, which resulted in a $10.6 billion accounting scandal.
..
“The Office of Federal Housing Enterprise Oversight’s report goes on to say that Fannie Mae employees deliberately and intentionally manipulated financial reports to hit earnings targets in order to trigger bonuses for senior executives. In the case of Franklin Raines, Fannie Mae’s former chief executive officer, OFHEO’s report shows that over half of Mr. Raines’ compensation for the 6 years through 2003 was directly tied to meeting earnings targets. The report of financial misconduct at Fannie Mae echoes the deeply troubling $5 billion profit restatement at Freddie Mac.
..
” The OFHEO report also states that Fannie Mae used its political power to lobby Congress in an effort to interfere with the regulator’s examination of the company’s accounting problems. This report comes some weeks after Freddie Mac paid a record $3.8 million fine in a settlement with the Federal Election Commission and restated lobbying disclosure reports from 2004 to 2005. These are entities that have demonstrated over and over again that they are deeply in need of reform.
..
“For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac–known as Government-sponsored entities or GSEs–and the sheer magnitude of these companies and the role they play in the housing market. OFHEO’s report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO’s report solidifies my view that the GSEs need to be reformed without delay.
..
“I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.
..
“I urge my colleagues to support swift action on this GSE reform legislation.”
..
It died at the hands of the DEMOCRATS —
HERE’s a video clip showing their anger.
..

 


..
“Many politicians and pundits claim that the credit crunch and high mortgage foreclosure rate is an example of market failure and want government to step in to bail out creditors and borrowers at the expense of taxpayers who prudently managed their affairs. These financial problems are not market failures but government failure.The credit crunch and foreclosure problems are failures of government policy.” — Dr. Walter E. Williams, the John M. Olin distinguished professor of economics at George Mason University, HERE
..

 


..
“Barack Obama wasn’t just the second-largest recipient of Fannie Mae and Freddie Mac political contributions. He was also the senator from ACORN, the activist leader for risky ‘affirmative action’ loans. … [The CRA] gave groups such as ACORN a license and a means to intimidate banks … ACORN employed its tactics in 1991 by taking over the House Banking Committee room for two days to protest efforts to scale back the CRA. … Obama represented ACORN in a 1994 suit against redlining.  ACORN was also a driving force behind a 1995 regulatory revision pushed through by the Clinton administration that greatly expanded the CRA and helped spawn the current financial crisis. Obama was the attorney representing ACORN in this effort.” — IBD Editorials
..
“The Woods Fund report makes it clear Obama was fully aware of the intimidation tactics used by ACORN’s Madeline Talbott in her pioneering [“community organizer”] efforts to force banks to suspend their usual credit standards. Yet he supported Talbott in every conceivable way. He trained her personal staff and other aspiring ACORN leaders, he consulted with her extensively, and he arranged a major boost in foundation funding [via CAC and Woods Fund] for her efforts.” — Stanley Kurtz, “BARACK’S ‘ORGAANIZER’ BUDS PUSHED FOR BAD MORTGAGES”HERE
.

 


.
Bloomberg News has an excellent recap of
the history of the financial meltdown:.HERE.
.

 


 

Barney Frank, Chris Dodd, Jimmy Carter, Barack Obama
not shown: Bill Clinton


..

 


“Scratch the surface of an endemic problem — famine, illness, poverty —  and you invariably find a politician at the source.” —  Simon Carr

 


“One of the methods used by statists to destroy capitalism consists in establishing controls that tie a given industry hand and foot, making it unable to solve its problems, then declaring that freedom has failed and stronger controls are necessary.” — Ayn Rand

 


“I think that we all need to consider the possibility … just the possibility … that Obama is engaged in a conscious effort to destroy our free market economy so that he can build a government-controlled socialist party on the rubble.” — Neal Boortz, here
[Conscious effort or not, we have an emergency on our hands.]

 

On How Obama Will Damage America For Decades To Come

September 30, 2010

Obama is a disaster in every possible sphere of leadership.

But the question then becomes, “In which particular sphere does Obama’s disastrous failure of leadership represent the greatest danger to America?”

Thomas Sowell answers the question:

September 28, 2010
A Warning from Thomas Sowell
Anthony Kang

Frankly, there aren’t enough words or superlatives in the English dictionary to describe the great Thomas Sowell. With an unparalleled gift to explain even the most complicated subjects in simple and easily understandable terms, few can match the pedigree and contributions of the Hoover Institute senior fellow. Author of the new book, “Dismantling America,” Sowell recently sat down for an interview with Investors Business Daily’s David Hogberg. And along with a few priceless jabs at Michelle Obama, sociology, Newsweek, and the public education system, Dr. Sowell discussed why he (like Niall Ferguson) believes America may be entering a prolonged period of decline.

“The only analogy I can think of from history is when the Norman conquerors of England published their laws in French for an English-speaking nation,” Sowell says about the Obama administration’s governing style, a style he characterizes as unconstitutional.

As someone who, if forced to, would label himself as more libertarian than conservative — though he has irked many with his support of American combat missions in Iraq — most noteworthy (and a bit shocking) about the interview is what Sowell believes the greatest threat is — terrorism, Iran’s nuclear ambitions and the international scene. Questioned as to what some of the current markers of national decline are, it isn’t “huge bills that fundamentally change the way the economy operates,” reckless government spending, social engineering programs and the national debt which worry the economist the most, it is national security and President Obama’s foreign policy.

And Sowell makes a few not-so-subtle Neville Chamberlain analogies that are almost impossible to ignore:

Of course, the one that trumps them all is on the international scene. That’s where Iran is moving toward nuclear weapons. I’m just staggered at how little attention is being paid to that compared to frivolous things. If a nation with a record of sponsoring international terrorism gets nuclear weapons, that changes everything and it changes it forever.
Someday historians may wonder what were we thinking about when you look at the imbalance of power between the U.S. and Iran, and we sat there with folded hands and watched this happen, going through just enough motions at the United Nations to lull the public to sleep. That, I think, is the biggest threat.

Sowell also condemns the president for affronting our allies (in particular, the British and Israelis) in “clever” yet unmistakable ways the general public may not notice, further hastening America’s decline:

His first foreign policy gambit was to fly to Russia and offer to renege on the American commitment to put a missile shield in Eastern Europe…All he really got out of that was a demonstration of his amateurishness and of his willingness to sell out allies in hopes of winning over enemies. That ploy was tried in the 1930s and didn’t work all that well.

These are no ordinary times, with no ordinary president. Leading up to the historic “Hope and Change” election, commentators on the Right could not possibly have attacked Obama and his intentions to fundamentally change the identity and economy of America more than they already had. Even so, not only has President Obama fulfilled every single “fear-mongering” indictment down to a tee, he’s exceeded them — making even some his most extreme opponents look clairvoyant. So with keeping that in mind, and considering all the new challenges we face domestically, that one of the greatest economic minds of our time would still elevate national security and terrorism to such a level truly speaks volumes about the reality and situation of Iran.

Also citing the lack of expertise and national discussion in international issues, former U.S. Ambassador John Bolton confirmed to Greg Gutfeld that he was seriously considering a presidential run on Red Eye last week. Bolton-Sowell 2012? One can only dream. But hey, if a community organizer can get elected, why not someone with ten times the accomplishments and wisdom?

I’ve said many of the same things, myself.  Just not as well, and not as succinctly.  For example, I said:

If Iran gets its nukes, it will be able to do a number of things: 1) attack Israel, assuring Israel that if it uses its nukes against Iran, Iran will use its nukes against Israel; 2) shut down the Strait of Hormuz, which would immediately drive up the price of oil.  The cost of gasoline in the U.S. would soar above $15 a gallon; 3) dramatically increase Iranian-sponsored terrorism worldwide.

If you don’t believe that a nuclear-armed Iran would pick a minimum of one of these options, you’re just nuts.

Just as I also pointed out that Obama was enraging our enemies even as he alienated our allies.

It shouldn’t take a rocket scientist to see that Iran is employing a lot of rocket scientists to create a ballistic nuclear missile capable of striking the United States and Israel.  But when Democrats are in charge, even the most trivial aspects of common sense are akin to the most sophisticated form of theoretical mathematics.

It is a fact – a FACT – that George Bush tried to deal with the threat of Iran when it was possible to avert their nuclear ambitions; but that Democrats did everything they could to prevent him from succeeding against the insane jihadist regime.  I quoted an LA Times article from just three years ago in which every single Democrat presidential candidate stated that Iran was not a meaningful threat, and in which they denounced Bush’s efforts to draw attention to the danger posed by Iran:

“DES MOINES — Democratic presidential candidates teamed up during a National Public Radio debate here Tuesday to blast the Bush administration over its policy toward Iran, arguing that a new intelligence assessment proves that the administration has needlessly ratcheted up military rhetoric.

While the candidates differed somewhat over the level of threat Iran poses in the Mideast, most of them sought to liken the administration’s approach to Iran with its buildup to the war in Iraq.”

But the fact that the failure to deal with Iran rests ENTIRELY in Democrats’ hands won’t stop them from blaming Bush when Iran rears its vicious head against the world.  Any more than it stopped them from blaming Bush for the 2008 economic collapse in spite of the fact that they had had total control of Congress for the previous two years, and even though they had repeatedly prevented Bush from regulating and reforming GSEs Fannie Mae and Freddie Mac – which were at the epicenter of the disaster.

It’s just what cowards do.  And the Democrat Party is the party of moral cowardice going back to at least the Carter years, if not dating back to the waning days of the LBJ administration.

You can go back and review the record.  Nearly 60% of the Democrats in the U.S. Senate (29 out of 50) voted to authorize the Iraq War Resolution.  Furthermore, virtually every single top Democrat was on the factual record agreeing with George Bush and supporting his reasoning to attack Saddam Hussein –

http://www.truthorfiction.com/rumors/b/bushlied.htm
http://www.freedomagenda.com/iraq/wmd_quotes.html
http://www.snopes.com/politics/war/wmdquotes.asp

– and yet Democrats en masse cowardly, despicably, and I would argue treasonously, turned on Bush and turned on our troops in time of war.  For no other reason than to treacherously obtain a cheap political advantage aided and abetted by a mainstream media propaganda apparatus that could have come right out of the vile brain of Joseph Goebbels.

In addition to their opposition to the Iraq War (which again 60% of Senate Democrats voted for, only to repudiate and claim Bush deceived them), Democrats opposed the Patriot Act; opposed Domestic Surveillance which allowed the US to track calls from international terrorists into the United States; opposed Gitmo, even though it is the clearly the ONLY reasonable place to hold incredibly dangerous terrorists that no country wants; opposed allowing terrorists to be tried in military tribunals to safeguard intelligence techniques and personnel, and to prevent the court system from being hijacked by enemies of freedom; opposed  even the most reasonable use of profiling to weed out terrorists intent upon murdering Americans; and even declared surrender in the vile “I believe that … this war is lost” statement of Harry Reid, the Democrat Senate Majority Leader.  I could go on.  It boils down to the fact that the left despise anything that help us win the war on terror or protect us from terrorism.

"RUN AWAY!!!"

"RUN AWAY!!!"

To the extent that Barack Obama has done anything – ANYTHING – right at all in the war on terror, it has only been because he repudiated himself and demonstrated that he was either an incompetent fool or a lying hypocrite.  Obama – after publicly denouncing, undermining and alienating the CIA – has continued the policy of “torture” by continuing the policy of “rendition” in which terror suspects are sent to other countries that use torture.  Obama – after continually denouncing Bush over Gitmo – has STILL not closed the facility down two full years after usurping the office of the presidency with lies.  Obama is using a surge strategy in Afghanistan after denouncing Bush’s successful surge strategy in Iraq and blatantly predicting it would fail.  And Obama is now continuing the Bush policy of using predator drones to attack terrorist positions inside Pakistan that US Special Operations forces cannot reach.

That said, Obama – in denouncing Iraq (the war we could and did win) while demanding we massively build-up in Afghanistan (our second Vietnam) may well prove to be the most disastrous military quagmire since the LAST time Democrats led us into the actual Vietnam.

Iran WILL get the nuclear bomb.  Democrats guaranteed that Iran would be able to do so.

Iran will become a plague upon global peace and security unlike anything the world has ever seen at least since the rise of the Nazis and the abject failure of FDR and Neville Chamberlain to deal with the clear and present danger.

And when that day comes, America will be unable to meaningfully deal with it because Barack Obama and the Democrat Party made us economically incapable of rising to any significant occasion.

Recession Ended In June 2009? Really? Then What The #*$% Do You Call This?

September 21, 2010

Did you hear?  Happy Times have been here again since June 2009.  And don’t check outside your window to find out that the sun smiles down; listen to the “experts”:

It’s official: The Great Recession ended last summer
By Neil Irwin

The Great Recession is officially over — and has been for more than a year.

The panel of economists that is the widely accepted arbiter of business cycles has called an end to what is now officially the longest U.S. economic downturn of the post-World War II era. The recession ended in June 2009, 18 months after it began in December 2007, according to the National Bureau of Economic Research’s business cycle dating committee.

Yes I see all the qualifiers that the economists hastened to add to say that things aint rosy.

But I also can’t help but notice how convenient the proclamation was: just in time for the post-labor day political silly season, when people finally begin to listen to the campaign rhetoric.

It’s almost as if … No.  Couldn’t be.  No way a panel of economists would ever allow themselves to be useful idiots for big government liberalism.

On the other hand, Thomas Sowell DOES point out that the liberal intelligentsia have pretty much always been useful idiots for big government leftist ideologies in the past:

“George Orwell said that some ideas are so foolish that only an intellectual could believe them, for no ordinary man could be such a fool. The record of twentieth century intellectuals was especially appalling in this regard. Scarcely a mass-murdering dictator of the twentieth century was without his intellectual supporters, not simply in his own country, but also in foreign democracies, where people were free to say whatever they wished.  Lenin, Stalin, Mao and Hitler all had their admirers, defenders, and apologists among the intelligentsia in Western democratic nations, despite the fact that these dictators ended up killing people of their own country on a scale unprecedented even by despotic regimes that preceded them” – Thomas Sowell, Intellectuals and Society, p. 2.

In any event, I recently compiled a list of crises that were gripping the country during the period that Obama was gripping a golf club a few weeks back:

I want you to go back over that list and see how many of these disasters are basically under the banner of “worst since …”  And that many of these go back several decades.

Does that make it sound like we went through the rough patch and come out the other side?  When less than a month ago we saw the jobless numbers at their highest in 9 months, pre-owned homes sales sink to their lowest level in 15 years, new home sales sink to their lowest level since 1963, durable goods orders sink to their lowest level in 1 1/2 years, the federal deficit soaring to its highest level in 65 years, the trade gap rising to its widest margin in 26 years, and so on?

How about this description of Obama’s economic legacy: the highest poverty rate increase in FIFTY YEARS just reported????

Poverty Rate In U.S. Saw Record Increase In 2009: 1 In 7 Americans Are Poor
HOPE YEN and LIZ SIDOTI | 09/11/10

WASHINGTON — The number of people in the U.S. who are in poverty is on track for a record increase on President Barack Obama’s watch, with the ranks of working-age poor approaching 1960s levels that led to the national war on poverty.

Now, you see all those other terrible numbers and you think, “And the eggheads say we’re out of recession now?”

Even DEMOCRATS don’t believe this load of giant load of junk:

Disappointed Supporters Question Obama
By SHERYL GAY STOLBERG
Published: September 20, 2010

WASHINGTON — It was billed as “Investing In America,” a live televised conversation between President Obama and American workers, students, business people and retirees on the state of the economy, a kind of Wall Street to Main Street reality check.

But it sounded like a therapy session for disillusioned Obama supporters.

In question after question in Monday’s one-hour session, which took place at the Newseum here and was televised on CNBC, Mr. Obama was confronted by people who said, in short, that they had expected more from him. People from Main Street wanted to know if the American dream still lived for them. People from Wall Street complained that he was treating them like a piñata, “whacking us with the stick,” in the words of a former law school classmate of Mr. Obama’s who now runs a hedge fund.

“I’m exhausted of defending you, defending your administration, defending the mantle of change that I voted for,” said the first questioner, an African-American woman who identified herself as a chief financial officer, a mother and a military veteran. “I’ve been told that I voted for a man who was going to change things in a meaningful way for the middle class, and I’m waiting, sir, I’m waiting. I still don’t feel it yet.”

The jokes on you, fools.  You voted for demagogic rhetoric and empty promises of “hope” and “change.”

And you got precisely what you voted for; the worst failure in American history.

Obama’s response to the woman was his typical load of demagogic garbage that the Republicans only care about their own power, whereas Obama is transcendentally hovering above politics, only caring about the people.  Even though Obama was there in the first place for a political campaign event.

The elite liberal government class will, of course, continue to assure us that Obama’s economy is somehow proceeding exactly according to plan.  But when these people tell you “Good morning,” you’d darned well better check outside:

Because these eggheads aren’t telling you the truth.

ObamaCare Will Bring Abortion Mindset To Treatment Of Elderly

May 13, 2010

D. James Kennedy prophetically said years back, “Watch out, Grandpa!  Because the generation that survived abortion will one day come after you!”

And coming they are.  And coming after Grandma, too, of course.

One of the morally depraved assumptions of abortion is that the baby has a duty to die for the convenience of his or her mother.

And guess what, Grandma and Grandpa?  It’s getting to be YOUR turn to quit burdening us with your useless lives.  It’s getting to be time that you shoved off and “died with dignity.”

May 11, 2010 12:00 A.M.
A ‘Duty to Die’?
Thomas Sowell

There was a time when some desperately poor societies had to abandon the elderly to their fate, but is that where we are today?

One of the many fashionable notions that have caught on among some of the intelligentsia is that old people have “a duty to die” rather than become a burden to others.

This is more than just an idea discussed around a seminar table. Already the government-run medical system in Britain is restricting what medications or treatments it will authorize for the elderly. Moreover, it seems almost certain that similar attempts to contain runaway costs will lead to similar policies when American medical care is taken over by the government.

Make no mistake about it, letting old people die is a lot cheaper than spending the kind of money required to keep them alive and well. If a government-run medical system is going to save any serious amount of money, it is almost certain to do so by sacrificing the elderly.

There was a time — fortunately, now long past — when some desperately poor societies had to abandon old people to their fate, because there was just not enough margin for everyone to survive. Sometimes the elderly themselves would simply go off from their families and communities to face their fate alone.

But is that where we are today?

Talk about “a duty to die” made me think back to my early childhood in the South, during the Great Depression of the 1930s. One day, I was told that an older lady — a relative of ours — was going to come and stay with us for a while, and I was told how to be polite and considerate towards her.

She was called “Aunt Nance Ann,” but I don’t know what her official name was or what her actual biological relationship to us was. Aunt Nance Ann had no home of her own. But she moved around from relative to relative, not spending enough time in any one home to be a real burden.

At that time, we didn’t have things like electricity or central heating or hot running water. But we had a roof over our heads and food on the table — and Aunt Nance Ann was welcome to both.

Poor as we were, I never heard anybody say, or even intimate, that Aunt Nance Ann had “a duty to die.”

I only began to hear that kind of talk decades later, from highly educated people in an affluent age, when even most families living below the official poverty level owned a car or truck and had air conditioning.

It is today, in an age when homes have flat-paneled TVs and most families eat in restaurants regularly or have pizzas and other meals delivered to their homes, that the elites — rather than the masses — have begun talking about “a duty to die.”

Back in the days of Aunt Nance Ann, nobody in our family had ever gone to college. Indeed, none had gone beyond elementary school. Apparently, you need a lot of expensive education, sometimes including courses on ethics, before you can start talking about “a duty to die.”

Many years later, while going through a divorce, I told a friend that I was considering contesting child custody. She immediately urged me not to do it. Why? Because raising a child would interfere with my career.

But my son didn’t have a career. He was just a child who needed someone who understood him. I ended up with custody of my son and, although he was not a demanding child, raising him could not help impeding my career a little. But do you just abandon a child when it is inconvenient to raise him?

The lady who gave me this advice had a degree from Harvard Law School. She had more years of education than my whole family had, back in the days of Aunt Nance Ann.

Much of what is taught in our schools and colleges today seeks to break down traditional values and replace them with more fancy and fashionable notions, of which “a duty to die” is just one.

These efforts at changing values used to be called “values clarification,” though the name has had to be changed repeatedly over the years, as more and more parents caught on to what was going on and objected. The values that supposedly needed “clarification” had been clear enough to last for generations, and nobody asked the schools and colleges for this “clarification.”

Nor are we better people because of it.

— Thomas Sowell is a senior fellow at the Hoover Institution. © 2010 Creators Syndicate, Inc.

Don’t think Sowell knows what he’s talking about?

How about lifelong Democrat talking head and economist Robert Reich?

“Thank you so much for coming this afternoon. I’m so glad to see you and I would like to be president. Let me tell you a few things on health care. Look, we have the only health care system in the world that is designed to avoid sick people. And that’s true and what I’m going to do is that I am going try to reorganize it to be more amenable to treating sick people but that means you,  particularly you young people, particularly you young healthy people…you’re going to have to pay more.

“Thank you.  And by the way, we’re going to have to, if you’re very old, we’re not going to give you all that technology and all those drugs for the last couple of years of your life to keep you maybe going for another couple of months. It’s too expensive…so we’re going to let you die.”

That’s right, young folk.  You get to pay more to have the privilege of one day being euthanized like an unwanted dog at the county animal shelter.  I know I’D certainly happily pay more for a privilege like that.  Pay more for my health care?  And then get to die a slow, painful death of medical neglect because I’ve been considered to be a useless burden like all those millions of babies Democrats have murdered?  Where can I sign?

Oh, I’m ALREADY signed up for it?  Coool.  I just can’t wait until that cancer starts eating holes in my body, and my government health plan offers me suicide in lieu of any actual care.  Or maybe I’ll get REALLY lucky and simply be left to die in my own filth.

Robert “Third” Reich isn’t the only one pointing out this actually quite obvious central tenet of the Democrats’ health plan.  Obama has appointed at least two other “experts” to advise him on medical issues.  Here’s White House Chief of Staff Rahm Emanuel’s brother, Ezekiel Emanuel, whom Obama appointed as OMB health policy adviser in addition to being picked to serve on the Federal Council on Comparative Effectiveness Research:

“When implemented, the Complete Lives system produces a priority curve on which individuals aged between roughly 15 and 40 years get the most substantial chance, whereas the youngest and oldest people get chances that are attenuatedThe Complete Lives system justifies preference to younger people because of priority to the worst-off rather than instrumental value.”

“Attenuated” means, “to make thin; to weaken or reduce in force, intensity, effect, quantity, or value.”  Attenuated care would be reduced or lessened care.  Dare I say it, in this context it clearly means, “rationed care.”

Dr. Ezekiel Emanuel included a chart with his work (available here), which shows how he wants to allocate medical resources under a government plan:

When you’re very young, or when you start reaching your 50s and 60s, you start receiving less and less priority.

Then there’s Cass Sunstein, Barack Obama’s Regulatory Czar, who wrote in the Columbia Law Review in January 2004:

“I urge that the government should indeed focus on life-years rather than lives. A program that saves young people produces more welfare than one that saves old people.”

Barack Obama’s Regulatory Czar explains:

“If a program would prevent fifty deaths of people who are twenty, should it be treated the same way as a program that would prevent fifty deaths of people who are seventy? Other things being equal, a program that protects young people seems far better than one that protects old people, because it delivers greater benefits.”

There’s a great deal more about Obama’s own advisers’ plans here.

Which very much jives with what Obama himself told a woman concerning her mother:

“At least we can let doctors know — and your mom know — that you know what, maybe this isn’t going to help. Maybe you’re better off, uhh, not having the surgery, but, uhh, taking the painkiller.”

We can sum it up quite nicely with the words of Obama’s former senior economic adviser: “So we’re going to let you die.”

Die with dignity.  Or die without it.  It doesn’t matter.  What matters in the brave new world of ObamaCare is that liberals have finally succeeded in turning health care into a socialist boondoggle.  And it will one day be your duty to die in order to sustain that boondoggle.

Abraham Lincoln’s Wisdom Applied To ObamaCare

March 9, 2010

Thought I’d add my own wrinkle to the excellent thought shared by Vocal Minority:

Abraham Lincoln once asked an audience how many legs a dog has, if you called the tail a leg? When the audience said “five,” Lincoln corrected them, saying that the answer was four. “The fact that you call a tail a leg does not make it a leg.”

That same principle applies today. The fact that politicians call something a “stimulus” does not make it a stimulus. The fact that they call something a “jobs bill” does not mean there will be more jobs.

Thomas Sowell

The same thing applies to “health care reform” under the Democrats.

“Health care reform” is neither about health care or reform.  It’s about power and control, and whether the government or the people should have it.

Even Obama acknowledges that ObamaCare is much more about “Obama” than it is “care”:

“To maintain a strong presidency, we need to pass the bill,” Obama told the liberals

You can call this monstrosity whatever you want: You can call it the “Fatal Attraction bill” in honor of how many times you think you’ve finally killed it, only to see it come screaming back at you again; or the “Fiscal Nightmare Plan” in honor of how many blatant accounting shenanigans the bill has to make it seem like it somehow isn’t a black hole of boondoggles; or  even the “Arrogance of Power Power-grab bill,” in honor of Joe Biden’s previous remarks on the reconciliation strategy that would force it’s passage.  But it certainly isn’t “health care reform.”  Any more than a tail is a leg.

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.