GOVEROTRAGEOUS: Rep. Barney Frank has chutzpah!

Monday, March 16, 2009

http://finance.yahoo.com/news/Frank-assails-bonuses-paid-to-apf-14646988.html  

Frank assails bonuses paid to executives at AIG
House committee chairman rails against bonuses paid executives of financially-strapped AIG
Monday March 16, 2009, 8:24 am EDT

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WASHINGTON (AP) — Rep. Barney Frank charged Monday that a decision by financially strapped insurance giant AIG to pay millions in executive bonuses amounts to “rewarding incompetence.”

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He should know incompetence. He’s part of the Fannie and Freddie mess. His hands aren’t clean by any means.

Aint congresscritters funny? If they were so dangerous to our liberties!

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INTERESTING: The time-honored and unchanging free-market principles needed

Sunday, March 15, 2009

http://corner.nationalreview.com/post/?q=YTkzMzllNmE3MDM3NDhmMjcxZjA5MTE0OTk5NDJkODQ=

NRO BLOG ROW – THE CORNER – Wednesday, March 11, 2009

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Accordingly, conservatism will return to prominence when it uses time-honored and unchanging free-market principles to address new problems, and when it finds advocates who both are adept at communication with non-traditional audiences (e.g., why it is in the interest of African-Americans to be skeptical of abortion on demand, why Hispanic small-business people need to be wary of intrusive regulations, why Asian-Americans should fear affirmative-action-driven de facto racial quotas at the University of California, why talented teachers should not have to join bureaucratic, ossified unions, why today’s young people should not have to pay off Obama’s annual $1.7 trillion deficits, etc.) and believe in their message’s resonance, without trimming[?] for the applause of the moment.

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As “conservatism” seeks to return us to the “classical liberalism” of the First American Revolution, a little L libertarian like myself can agree that it’s a good first step.

Unfortunately, for as smart as I feel the DOWGs were, and they were far smarter than I, and more courageous as well, I don’t think we can rewind the clock.

We have to take those “classically liberal” principles and move forward applying them to today’s problems.

Just as the King was rightly opposed as tyrannical, so to must we oppose the new “king” — the overpower all-encompassing gooferment.

Empowering the individual to make their own choices and bear the consequences of bad choices.

So, we have to have miniscule government. Close to the people. With it’s only mission being to protect the rights of individuals.

Argh!

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MONEY: FDIC is not really insuring banks

Thursday, March 5, 2009

http://www.lewrockwell.com/blog/lewrw/archives/025671.html

March 04, 2009
Re: Bair (or Is That Bare?) Says FDIC Going Broke
Posted by Kathryn Muratore at March 4, 2009 05:11 PM

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Lew, the counter-intuitive response of government-sponsored bureaucracies like the FDIC make me laugh. So we already know that the FDIC is not really insuring banks in any meaningful sense, although they keep that “Insurance” word in the title. But, imagine what an actual above-board insurance company would do in an emergency – say a hurricane hitting a populated area. In the days before and after the hurricane, can you imagine State Farm sending a bill to all of its customers in the Southeast for an emergency premium hike to cover the payouts that it knows are imminent?

*** end quote ***

Yeah, like Social Security Insurance, which isn’t “insurance” either.

When this musical chairs game stops, who will be left standing?

Taxpayers, the old, those on fixed income.

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POLITICIAL: Ron Paul on Bill Mahr simple and direct!

Saturday, February 21, 2009

http://www.youtube.com/watch?v=M5lb0l3sYBo&eurl=http://www.lewrockwell.com/blog/lewrw/archives/025457.html&feature=player_embedded

Ron Paul rocks on Bill Mahr’s show!

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RANT: “Birth Control” is stimulus.

Monday, January 26, 2009

FROM THE DRUDGE REPORT

http://www.drudgereport.com/flashpbc.htm

PELOSI SAYS BIRTH CONTROL WILL HELP ECONOMY
Sun Jan 25 2009 22:13:43 ET

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Speaker of the House Nancy Pelosi boldly defended a move to add birth control funding to the new economic “stimulus” package, claiming “contraception will reduce costs to the states and to the federal government.”

*** and ***

PELOSI: Well, the family planning services reduce cost. They reduce cost. The states are in terrible fiscal budget crises now and part of what we do for children’s health, education and some of those elements are to help the states meet their financial needs. One of those – one of the initiatives you mentioned, the contraception, will reduce costs to the states and to the federal government.

*** end quote ***

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SOOOOOooooooo….

The “stimulus package” covers any social engineering that they want to do!

Get ready for more nonsense under that “cover”.

Here’s an insight into their “liberal” philosophy: “Humans are an expense”. Wonder when abortion, eugenics, and killing off the elderly come in? After all one way to control Medicare “costs” is to get rid of those expensive old “senior citizens”. But, oh year, they can vote. We need to pick on those that can’t!

Argh!

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FUN: Monkey Bailout Parable

Tuesday, January 13, 2009

FROM LUDDITE, FORWARDING SOMETHING ON:

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Once upon a time a man appeared in a village and announced to the villagers that he would buy monkeys for $10 each.

The villagers, seeing that there were many monkeys around, went out to the forest and started catching them.

The man bought thousands at $10 and, as supply started to diminish, the villagers stopped their effort. He next announced that he would now buy monkeys at $20 each. This renewed the efforts of the villagers and they started catching monkeys again.

Soon the supply diminished even further and people started going back to their farms. The offer increased to $25 each and the supply of monkeys became so scarce it was an effort to even find a monkey, let alone catch it!

The man now announced that he would buy monkeys at $50 each! However, since he had to go to the city on some business, his assistant would buy on his behalf. In the absence of the man, the assistant told the villagers: “Look at all these monkeys in the big cage that the man has already collected. I will sell them to you at $35 and when the man returns from the city, you can sell them to him for $50 each.”

The villagers rounded up all their savings and bought all the monkeys for 700 billion dollars.

They never saw the man or his assistant again, only lots and lots of monkeys!

Now you have a better understanding of how the WALL STREET BAILOUT PLAN WILL WORK !!!!

It doesn’t get much clearer than this…………….

*** end quote ***

Funny. AND all to true!

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POLITICAL: “Government investment” is Orwellian

Monday, January 12, 2009

http://mises.org/article.aspx?Id=1423

Repudiating the National Debt

Daily Article by Murray N. Rothbard | Posted on 1/16/2004 12:00:00 AM

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In reality, however, government spending only qualifies as “investment” in an Orwellian sense; government actually spends on behalf of the “consumer goods” and desires of bureaucrats, politicians, and their dependent client groups. Government spending, therefore, rather than being “investment,” is consumer spending of a peculiarly wasteful and unproductive sort, since it is indulged not by producers but by a parasitic class that is living off, and increasingly weakening, the productive private sector.

*** end quote ***

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Here’s how to think about the bailouts and other “government spending”!

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RANT: See where bailouts take you? To absurdity and beyond!

Friday, January 9, 2009

http://www.usnews.com/articles/news/stimulus/2009/01/08/why-a-tiny-alabama-town-wants-a-375-million-chunk-of-the-stimulus.html

Why a Tiny Alabama Town Wants a $375 Million Chunk of the Stimulus
By Amanda Ruggeri
Posted January 8, 2009

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At first glance, the town of Edwardsville, Ala., with a population of 194 people, might raise a few eyebrows with its bid to receive $375 million from the economic stimulus package being assembled by Barack Obama and lawmakers in Congress.

The tiny town, located near the Georgia border and 26 miles from the nearest “big city” of Anniston (population: 24,276), added 33 proposals—about two thirds of them related to “green” energy—to the list of “ready- to- go” projects assembled by the U.S. Conference of Mayors. Total sum: $375,076,200.

*** end quote ***

http://www.breitbart.com/article.php?id=D95J4DV00&show_article=1

Obama warns of dire consequences without stimulus
Jan 8 01:29 PM US/Eastern
By JENNIFER LOVEN
AP White House Correspondent

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FAIRFAX, Va. (AP) – President-elect Barack Obama warned of dire and long-lasting consequences if Congress doesn’t pump unprecedented dollars into the national economy, making an urgent pitch Thursday for his mammoth spending proposal in his first speech since the election.

{Extraneous Deleted}

Obama laid out goals of doubling the production of alternative energy over three years, updating most federal buildings to improve energy efficiency, making medical records electronic, expanding broadband networks and updating schools and universities.

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www.ajc.com/business/content/business/stories/2009/01/08/flynt_porn_bailout.html

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Jan 8, 2009 … In an announcement that launched a thousand unprintable puns, adult- entertainment moguls Larry Flynt and Joe Francis said Wednesday that …

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There must be something in the air in the District of Corruption. The smell of the People’s money being available?

We really should thank Larry Flynt for pointing out the absurdity of the whole circus!

Have you contacted your congresscritter yet?

http://www.downsizedc.org/  

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Politics: The Gooferment is the Problem, imho!

Monday, December 29, 2008

http://online.wsj.com/article/SB123033898448336541.html

There’s No Pain-Free Cure for Recession
Belt-tightening is required by all, including government.
By PETER SCHIFF
* OPINION * DECEMBER 27, 2008

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Governments cannot create but merely redirect. When the government spends, the money has to come from somewhere. If the government doesn’t have a surplus, then it must come from taxes. If taxes don’t go up, then it must come from increased borrowing. If lenders won’t lend, then it must come from the printing press, which is where all these bailouts are headed. But each additional dollar printed diminishes the value those already in circulation. Something cannot be effortlessly created from nothing.

*** end quote ***

When will folks recognize that GOVERNEMENT IS THE PROBLEM.

It starts from a flawed set of paradigms (i.e., perceptions) and memes (i.e., ideas).

One flawed paradigm / perception is that the “benefits bestowed” come like magic rainfall from the heavens. It’s a miracle. What we don’t see, or chose not to see, is the sausage being made. Money extracted by force (Who voluntarily pays the mob in gooferment?) to fund the “benefits”. Minus of course the huge “handling fee” to do the “extracting” and “bestowing”!

One flawed meme is that there is such a thing as “government”. In our minds, we create the Wizard of Oz illusion that there something, (or even more laughable, that we are part of something), bigger than ourselves. No, what I see are craven immoral human beings dress up in fancy clothes pretending to have power over us. To “govern” us.

In the beginnings of human civilization, there were Tyrants. Then, came Kings. Now, we have Politicians.

There are all just people. Give them no more defference than you would a street thug. Be careful they can hurt you. But, don’t kid yourself that the Politician is any different than the Mafia Don.

Keep your pitchfork and torch at hand. Their time is coming.

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POLITICAL: Gooferment bailouts mere prolong the inevitable

Wednesday, December 24, 2008

http://www.lewrockwell.com/tucker/tucker115.html

The End of the US Piano Industry by Jeffrey A. Tucker

*** begin quote ***

Today government is even more arrogant and absurd, and it actually believes that by passing legislation it can save the US car industry. It can subsidize and pay for uneconomic activities, and pay ever more every year. The government can also pay millions of people to make mud pies because mud pies are deemed to be an essential industry. You can do this, but at what cost and what could possibly be the point? Eventually, even the government will have to accord itself to the reality that economics reminds us of on a daily basis.

*** end quote ***

It’s hard to envision a sadder time in American History.

The gooferment bailing out the UAW union.

That’s what this is all about.

The unions wield enormous political power.

And, like a parasite, they eventually kill their hosts.

Look at the Teacher’s Union and education. The ports with their union. The railroads with their union. Government workers and their unions.

And, don’t make the mistake that the Union is looking out for its members.

Sure, they do from time to time, but that’s to preserve the illusion.

Example, State of New Jersey hasn’t contributed to the pension plan for several administration. It’s under funded by 3T$. Think the Union has grabbed the politicians by their privates and insisted. No, they are all in bed together.

Example, UAW hasn’t insisted that Automakers align the executive’s interest with the worker’s. It’s a scandal that a CEO makes more than the line worker in salary. CEO’s shouldn’t make more than a 1$/year anytime. Give them stock options that vest in 5 year increments (i.e., 5, 10, 15, 20, 25, 30, …). Then stand out of the way as the thinking shifts to long term value.

Example, the Delta bankruptcy screwed all the retired pilots. Hear anything about that?

Unions are an institution that needs to be reinvented.

Where’s my “union” for bloggers?

Argh!

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