It is precisely now that one must not despair. Now is the time for lovers of liberty to throw themselves into the national scale. You are the natural guardians of the Constitution. Now is not the time for Summer Soldiers and Sunshine Patriots; now is the time for the heirs of George Washington, Thomas Jefferson, James Madison, Alexander Hamilton, John Hancock, Ben Franklin, James Monroe , John Adams, John Paul Jones, Patrick Henry, Nathaniel Greene and Ethan Allen.
Tuesday, March 23, 2010
The Federalist Papers and Obamacare
The Federalist Papers and Obamacare
Sunday, March 21, 2010
Health Care Bill
Just wanted to congratulate president Obummer, Pelosi & Reid for destroying the U.S.A.!
Thursday, March 18, 2010
EDITORIAL: Obama surrenders gulf oil to Moscow - Washington Times
EDITORIAL: Obama surrenders gulf oil to Moscow - Washington Times
The Obama administration is poised to ban offshore oil drilling on the outer continental shelf until 2012 or beyond. Meanwhile, Russia is making a bold strategic leap to begin drilling for oil in the Gulf of Mexico. While the United States attempts to shift gears to alternative fuels to battle the purported evils of carbon emissions, Russia will erect oil derricks off the Cuban coast.
Wednesday, March 17, 2010
Daily Gut: Flying the American Flag in Haiti
Daily Gut: Flying the American Flag in Haiti
So as you know, many countries have set up camp to in Haiti help those recovering from the devastating earthquake. And at these camps, they are flying their flags. Only one country isn’t – and it’s the country that has done more to help Haiti – and the world in general
Wednesday, March 03, 2010
'Grassroots' Coffee Party Organizer Exposed as Obama Political Operative | NewsBusters.org
'Grassroots' Coffee Party Organizer Exposed as Obama Political Operative NewsBusters.org
It turns out that the "grassroots" organizer of the "progressive alternative" to the Tea Parties, the Coffee Party, has been exposed as an Obama political operative. If you had read the profiles of the Coffee Party founder Annabel Park (photo) in the Washington Post or New York Times you wouldn't have had a hint as to her extensive political activity in the 2008 Obama campaign.Read more: http://newsbusters.org/blogs/p-j-gladnick/2010/03/02/grassroots-coffee-party-organizer-exposed-obama-political-operative#ixzz0h8pllzTC
It turns out that the "grassroots" organizer of the "progressive alternative" to the Tea Parties, the Coffee Party, has been exposed as an Obama political operative. If you had read the profiles of the Coffee Party founder Annabel Park (photo) in the Washington Post or New York Times you wouldn't have had a hint as to her extensive political activity in the 2008 Obama campaign.Read more: http://newsbusters.org/blogs/p-j-gladnick/2010/03/02/grassroots-coffee-party-organizer-exposed-obama-political-operative#ixzz0h8pllzTC
DEMINT: White House land grab - Washington Times
DEMINT: White House land grab - Washington Times
A secret administration memo has surfaced revealing plans for the federal government to seize more than 10 million acres from Montana to New Mexico, halting job- creating activities like ranching, forestry, mining and energy development. Worse, this land grab would dry up tax revenue that's essential for funding schools, firehouses and community centers.
Congress Is Wasting a Good Crisis
Here's another fine mess their getting us into:
By: Peter EavisWall Street Journal, 3/3/2010-- Has anyone in Congress actually explained to taxpayers how much they could be on the hook for if the banking system were to crater again?
Compromises are being struck in the Senate that could soon clear the way for the passage of financial-system-overhaul legislation. That would seem a cause for celebration, given the need for reform and the many sensible proposals in draft legislation. However, the overhaul could be undermined by parts that aim to construct enormous government backstops for banks. Indeed, if Congress gets its way, the taxpayer may soon have to stand behind some of the riskiest parts of banks' balance sheets.
Before the credit crisis, government support to the banks looked sensibly limited. Through the Federal Deposit Insurance Corp., the taxpayer effectively guaranteed deposits up to a certain size. In theory, other bank liabilities, like bonds, interbank loans and derivatives claims, weren't backed. But when the credit crisis hit, the government rushed in to make sure all manner of bank liabilities could be repaid, including even "repo" obligations, short-term loans whose collateralized nature was supposed to make them super-safe.
Now, in the overhaul legislation, Congress effectively wants to formalize much of that emergency support. Creditors to banks could gain protection that lenders to other sectors will likely never enjoy, creating even more moral hazard. The two main proposed backstops are a program to guarantee bank debt and a $4 trillion Federal Reserve repo facility for banks to tap, both of which would be made available in shaky times.
Granted, these provisions contain features that aim to protect the government and the taxpayer. But this would be difficult in practice. The draft legislation would make it possible for the U.S. to lend to a large financial firm it had seized because it was unstable. The rationale for this is that some debts need to be honored to prevent financial contagion. But that standard could easily lead to the government once again paying out on the sort of derivatives obligations that nearly sank American International Group. As government defenders of the AIG bailout repeatedly say, those were done to prevent contagion.
What should Congress have done? First, instead of enshrining a system for backstopping liabilities like market debt, legislation should have put defined limits on it-- and forced firms that use a lot of it to hold more capital. Second, the advantageous treatment derivatives counterparties enjoy under bankruptcy law should have been reversed. These perks undermine market discipline and can increase systemic instability when a firm fails, says Harvard University law professor Mark Roe.
Congress is highly unlikely to insert such changes. In January, President Obama said he would send back an overhaul bill that doesn't contain "real reform." The backstops are reason alone to do just that.
By: Peter EavisWall Street Journal, 3/3/2010-- Has anyone in Congress actually explained to taxpayers how much they could be on the hook for if the banking system were to crater again?
Compromises are being struck in the Senate that could soon clear the way for the passage of financial-system-overhaul legislation. That would seem a cause for celebration, given the need for reform and the many sensible proposals in draft legislation. However, the overhaul could be undermined by parts that aim to construct enormous government backstops for banks. Indeed, if Congress gets its way, the taxpayer may soon have to stand behind some of the riskiest parts of banks' balance sheets.
Before the credit crisis, government support to the banks looked sensibly limited. Through the Federal Deposit Insurance Corp., the taxpayer effectively guaranteed deposits up to a certain size. In theory, other bank liabilities, like bonds, interbank loans and derivatives claims, weren't backed. But when the credit crisis hit, the government rushed in to make sure all manner of bank liabilities could be repaid, including even "repo" obligations, short-term loans whose collateralized nature was supposed to make them super-safe.
Now, in the overhaul legislation, Congress effectively wants to formalize much of that emergency support. Creditors to banks could gain protection that lenders to other sectors will likely never enjoy, creating even more moral hazard. The two main proposed backstops are a program to guarantee bank debt and a $4 trillion Federal Reserve repo facility for banks to tap, both of which would be made available in shaky times.
Granted, these provisions contain features that aim to protect the government and the taxpayer. But this would be difficult in practice. The draft legislation would make it possible for the U.S. to lend to a large financial firm it had seized because it was unstable. The rationale for this is that some debts need to be honored to prevent financial contagion. But that standard could easily lead to the government once again paying out on the sort of derivatives obligations that nearly sank American International Group. As government defenders of the AIG bailout repeatedly say, those were done to prevent contagion.
What should Congress have done? First, instead of enshrining a system for backstopping liabilities like market debt, legislation should have put defined limits on it-- and forced firms that use a lot of it to hold more capital. Second, the advantageous treatment derivatives counterparties enjoy under bankruptcy law should have been reversed. These perks undermine market discipline and can increase systemic instability when a firm fails, says Harvard University law professor Mark Roe.
Congress is highly unlikely to insert such changes. In January, President Obama said he would send back an overhaul bill that doesn't contain "real reform." The backstops are reason alone to do just that.
Monday, March 01, 2010
California is a greater risk than Greece, warns JP Morgan chief
Mr Dimon told investors at the Wall Street bank's annual meeting that "there could be contagion" if a state the size of California, the biggest of the United States, had problems making debt repayments. "Greece itself would not be an issue for this company, nor would any other country," said Mr Dimon. "We don't really foresee the European Union coming apart." The senior banker said that JP Morgan Chase and other US rivals are largely immune from the European debt crisis, as the risks have largely been hedged.
Read the entire article here
Monday, February 22, 2010
Mark Steyn: Why the West is going down the drain
Great article by Mark Steyn!
Read it all here
It is now certain that Tehran will get its nukes, and very soon. This is the biggest abdication of responsibility by the Western powers since the 1930s. It is far worse than Pakistan going nuclear, which, after all, was just another thing the CIA failed to see coming. In this case, the slow-motion nuclearization conducted in full view and through years of tortuous diplomatic charades and endlessly rescheduled looming deadlines is not just a victory for Iran but a decisive defeat for the United States. It confirms the Islamo-Sino-Russo-everybody else diagnosis of Washington as a hollow superpower that no longer has the will or sense of purpose to enforce the global order.
Read it all here
Tuesday, February 02, 2010
Carly Fiorina, Chuck DeVore, Israel, Islam and Jesse Jackson: Only One Reasonable Choice for California Republicans
Carly Fiorina
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So what does Carly Fiorina believe? Does she understand the challenges in the Middle East? Does she understand Iraq and Iran, Hezbollah and Hamas? Can she see through the "rhetoric of peace" that Nasrallah or Ahmedinejad, Abbas or Assad may articulate in an English-language interview with Reuters -- and understand that the same person's Arabic interview with Al Jazeera is more telling? Does she "get" the dangers we face in the coming decade, as Iran assures us that they are not building a nuclear weapon -- even as they continue building?
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Monday, February 01, 2010
California’s Class Warfare: PLAs Pit Union and Non-Union Workers Against Each Other
California’s Class Warfare: PLAs Pit Union and Non-Union Workers Against Each Other
So, without adequate time for all to review the draft, without any backup analysis provided to justify the use of up to $350,000,000 in Measure C taxpayer funds, without giving the public reasonable time to voice their opinions, and with an unemployment rate of over 12% when non-union workers are in even greater need of jobs than union workers…why would three of Riverside’s five board members vote to move forward with a final negotiation anyway? Why the rush? Residents and business owners in Riverside are wondering the same thing, and hope to have the chance to weigh in before the PLA’s final draft is signed.
Friday, January 29, 2010
“1975 ‘Endangered Atmosphere’ Conference: Where the Global Warming Hoax Was Born”
“Global Warming” is, and always was, a policy for genocidal reduction of the world’s population. The preposterous claim that human-produced carbon dioxide will broil the Earth, melt the ice caps, and destroy human life, came out of a 1975 conference in Research Triangle Park, North Carolina, organized by the influential anthropologist Margaret Mead, president of the American Association for the Advancement of Science (AAAS), in 1974.
Damn interesting article! Read it all here
Thursday, January 28, 2010
A Letter To Barack Obama From A 95 Year Old World War 2 Veteran
A Letter To Barack Obama From A 95 Year Old World War 2 Veteran
Here's just a taste for ya:
So follow the link and read it!
Here's just a taste for ya:
Shape up and start acting like an American. If you don't, I'll do what I can to see you get shipped out of that fancy rental on Pennsylvania Avenue. You were elected to lead not to bow, apologize and kiss the hands of murderers and corrupt leaders who still treat their people like slaves.
So follow the link and read it!
Wednesday, January 27, 2010
Tom Campbell, Cali GOP U.S. Senate Candidate: Loves Terrorist Sami Al-Arian
Tom Campbell, Cali GOP U.S. Senate Candidate: Loves Terrorist Sami Al-Arian “Like a Brother”
Check this out and do the research. Think about Chuck Devore or another conservative candidate.
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Check this out and do the research. Think about Chuck Devore or another conservative candidate.
Posted using ShareThis
Tuesday, January 26, 2010
Wednesday, January 13, 2010
EDITORIAL: The forgotten virtue of firearms - Washington Times
EDITORIAL: The forgotten virtue of firearms - Washington Times
An important detail that is neglected in news coverage is that all the multiple-victim public shootings in America - crimes in which more than three people were killed - happened where legal concealed handguns are banned. The Wytheville post office is such a gun-free zone, not to mention that the felon who committed the crime was banned from possessing a firearm anywhere. The Oklahoma City attack was stopped because the man who stopped it could carry a concealed handgun.
What a telling and haunting statement. Think of all the people that could be alive today if we were allowed our constitutional right to bear arms (shall not be infringed)!
An important detail that is neglected in news coverage is that all the multiple-victim public shootings in America - crimes in which more than three people were killed - happened where legal concealed handguns are banned. The Wytheville post office is such a gun-free zone, not to mention that the felon who committed the crime was banned from possessing a firearm anywhere. The Oklahoma City attack was stopped because the man who stopped it could carry a concealed handgun.
What a telling and haunting statement. Think of all the people that could be alive today if we were allowed our constitutional right to bear arms (shall not be infringed)!
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