Capitalism

Business - Capitalism - Computers - Democrats/Leftists - Economy/Finances - Free Trade - Google - Government - Inernet - Net Neutrality - Scott Cleland - Technology

Chart: How Google-AdMob Creates a Bottleneck; How New DOJ/FTC Merger Guidelines Affect the Deal

May 4, 2010 by

-By Scott Cleland

Given the FTC is very likely to disapprove Google’s acquisition of AdMob soon, I have prepared a one-page chart that illustrates the core reason the deal is anti-competitive: it would create a substantial bottleneck for advertisers and publishers entering the in-application mobile advertising market.

To help people get up to speed on the deal and the likely FTC disapproval coming up, I have also pulled together a 30-page Google-AdMob backgrounder, which includes a one-page summary, charts, the top 10 reasons the deal is anti-competitive, why Google is a monopoly, how Google has abused its monopoly and why Google’s main antitrust defenses, like “competition is one click away,” are specious.

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Chart: How Google-AdMob Creates a Bottleneck; How New DOJ/FTC Merger Guidelines Affect the Deal”

Banks - Barack Obama - Budget - Business - Capitalism - Democrats/Leftists - Economy/Finances - Government - Liberals - Thomas Brewton

Fiduciary Responsibility and Judgment vs. Caveat Emptor

May 3, 2010 by

-By Thomas E. Brewton

Right or wrong, the charges against Goldman Sachs highlight divergent standards of banking.

There is every reason to suspect that the charges against Goldman Sachs are little more than a political ploy by the administration to shift attention away from its own financial improvidence and to add impetus to its proposed regulatory strangulation of the banking business.. Right or wrong, however, the SEC’s action questions Goldman Sachs’s reputation for probity.

In many respects the frothy nature of Wall Street securities dealings leading to the current crisis are reminiscent of the mid-19th century marketing of canal-building and railroad-building securities that financed the nation’s rapid industrial and agricultural growth from the 1820s until the 1880s.

During that period, far too many speculative financial deals were marketed by Wall Street banks, deals in which securities buyers often lost their money. It was a time when bank notes issued as currency by banks all over the nation were equally varying in soundness.
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Fiduciary Responsibility and Judgment vs. Caveat Emptor”

Budget - Business - Capitalism - Congress - Democrats/Leftists - Free Trade - House of Representatives - Liberals - President - Public Employees Unions - SEIU - Senate - Socialism - Taxes - Unions - Warner Todd Huston

Washington to Give Unions More Power to Tell Corporations What to Do

April 30, 2010 by

-By Warner Todd Huston

Senator Chris Dodd (D, Conn.) wants to give unions more power in the boardrooms of our nation’s businesses. In essence, Dodd wants to force corporate boards under the thumb of unions by federal fiat.

Carefully hidden in Dodd’s new regulations are provisions that give new powers to board members, powers aimed at giving unions more say in the operations of businesses from the inside through investments of pension funds.

The Dodd bill takes away from the states the ability to make rules governing how corporate boards are established and run and for the first time reassigns that power to the federal government through the SEC. Democrats expect to use this new power to affect corporate boards to force pension fund investors to obtain more seats on those boards and that means union pension funds will suddenly have more influence on business simply because of their influence in Washington.

This will severely alter the relationship between business and labor, effectively erasing the ability of a company to operate in its own interests and will force it to serve the interests of Big Labor and Washington D.C.

This is just one more small step in the elimination of America’s private business community and the implementation of a quasi-socialist business state. One more anti-American arrow in Obama’s quiver shot over the bow of America.
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Washington to Give Unions More Power to Tell Corporations What to Do”

Business - Capitalism - Computers - Economy/Finances - Free Trade - Google - Inernet - Net Neutrality - Scott Cleland - Technology

Google’s Liability Decade: Why Google’s Leadership Ducks Investors

April 30, 2010 by

-By Scott Cleland

The abrupt change, that Google’s CEO Eric Schmidt will no longer be accountable to shareholders on Google’s earnings calls, should prompt investors to ask why?

Google claimed that they wanted to put more focus on Google’s strong financials, but they did not disclose any more than Google’s usual barest minimum of information to investors. The most obvious reason for this abrupt change is the literal explosion of real franchise liabilities and risk overhangs to Google that reared their ugly heads this past quarter. Had CEO Schmidt been available to answer investor questions, Google’s exploding liabilities could have dominated the Q&A and the investment narrative coming out of the earnings call.

What has changed, and what Google has been not been open about, is the very serious ripening of three different types of going-forward franchise risks (antitrust, privacy/security and intellectual property) that cumulatively herald a de facto change in Google eras: from the roaring “Growth Decade” of 2000-2009, to the more unpredictable “Liability Decade” of 2010- 2019.
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Google’s Liability Decade: Why Google’s Leadership Ducks Investors”

Budget - Capitalism - Chicago - Cook County - Democrats/Leftists - Economy/Finances - Education - Elections - Government - Illinois - Illinois State Government - State Government - Taxes - Warner Todd Huston

Illinois School Fund ‘Money Laundering’ Bill Passed by Both Houses

April 29, 2010 by

-By Warner Todd Huston

Unfortunately a bill that will allow schools to pull a bait-and-switch and pilfer funds that are supposed to go for other things and apply those funds to unapproved building projects has now passed both houses in Springfield. This means that schools might now be able to take funds that are supposed to be used for specific things and pour them into building projects (or any other use) for which the schools did not get voter’s approval. I wrote about this bill on April 28.

The way our system is supposed to work is that schools that want major new building projects or other such high ticket needs must go before the voters for a bond issue, for taxes to be raised. The voters say yes and taxes are raised or bonds issued to satisfy the school’s needs. But if voters say no, then the schools are supposed to do without. That is they way democracy is supposed to work.

But lo and behold special interests and consultants that make their living off our schools by consulting them on bond issues and spending plans wrote HB6041 that convinced lawmakers to allow schools to raid specified funds any time they feel like doing so and use those funds for whatever they want to use them for. This is now misappropriation of funds made legal.
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Illinois School Fund ‘Money Laundering’ Bill Passed by Both Houses”

Barack Obama - Business - Capitalism - Children - Democrats/Leftists - Economy/Finances - Education - Government - Liberals - President - Science - Warner Todd Huston

Behavioral Science, Behavioral Economics, Social Science, Psychology… How are these ‘Science’? Why Is Obama Using them to Ruin This Nation?

April 27, 2010 by 1 Comment

-By Warner Todd Huston

OK, let me get this straight. The bulk of the “research” that the so-called sciences mentioned in the headline above are done in university labs. There they conduct these “experiments” mostly, not exclusively, but mostly, on grad students and other students willing to go to the lab and take surveys, answer questions, and participate in the “experiments,” often for money.

The “results” of these hackneyed “experiments” are then used as “proof” of an often politically motivated concept, like “why are conservatives filled with fear,” or “why are the religious so hateful and full of fear,” or “why are Republicans so hateful and full of crap?,” of “why are gays and lesbians so cool”? You know, important questions like that.

Now, I remind you who the participants are in these pseudo experiments: college students.
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Behavioral Science, Behavioral Economics, Social Science, Psychology… How are these ‘Science’? Why Is Obama Using them to Ruin This Nation?”

Business - Capitalism - Computers - Economy/Finances - Free Trade - Inernet - Net Neutrality - Scott Cleland - Technology

Why FCC’s broadband public option is a lose-lose gamble

April 27, 2010 by

-By Scott Cleland

The FCC would be making a longshot, bet-the-farm gamble, if it decided to mandate the broadband public option, i.e., deeming broadband to be a common-carrier-regulated service and regulating the Internet essentially for the first time.

It would be a classic lose-lose gamble because the FCC is very likely to lose in court — accomplishing nothing, but damaging the hard-built trust, cooperation and commitment necessary for public-private partnerships to be able to get broadband to all Americans fastest. Also everyone else would lose from the irreparable damage to private broadband investment, innovation, growth, jobs and America’s broadband ranking in the world.

I. Lose in Court:

It is a given that the FCC would be sued; and it is very likely that the Appeals Court and/or the Supreme Court would overturn any FCC unilateral assertion of authority to deem broadband a common carrier service. It is also likely that the court would stay such an FCC action from going into effect because of the likelihood of the petitioners winning on appeal and because of the easy case that it would cause irreparable harm.
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Why FCC’s broadband public option is a lose-lose gamble”

Barack Obama - Budget - Business - Capitalism - Communism - Congress - Democrats/Leftists - Economy/Finances - Free Trade - Government - History - Liberals - Media - Media Bias - President - Radio - Socialism - Taxes - Tea Party - Warner Todd Huston - Western Civilization

Does Obama Want to Destroy America? Yes, But…

April 26, 2010 by

-By Warner Todd Huston

Rush Limbaugh and a few other radio hosts have made it a center piece of the attack against President Obama, the Tea Partiers have often put such sentiment on their protest signs, and the conservative chattering classes have been abuzz with the question: does Barack Obama want to destroy the United States?

The only real answer is “yes, but…” Yes he does, but only if it’s your ox being gored. Yes he does but there is more to it than that. And if it’s someone else’s veritable Oxen the answer might still be “yes, but…”

Conservative radio host Michael Medved, for one, emphatically denies that Obama wants to “destroy the country.” Medved employs the conventional logic that a politician that wants to be re-elected would not want to destroy the very nation that he has been elected to lead. That would make sense if only Obama were a conventional politician and if only Obama himself hadn’t told ABC News, “I’d rather be a really good one-term president than a mediocre two-term president.” That very sentence straight from this president’s own mouth seems to shoot full of holes Medved’s conventional logic.

Still, in a way, Medved has stumbled upon a certain amount of truth no matter how small. The problem is that what we really have here is a misunderstanding of concepts. The fact is, following his straight down the line, left-wing, anti-American, radical ideology, Obama does want to destroy the U.S.A. as it is now. But in his mind he is not trying to destroy America simply because he wants utter destruction and devastation to be the only outcome. You see, mere destruction isn’t his end goal as those on the right fear. In his left-wing ideology, he thinks after America’s fall he and his left-wing comrades will be building a new and better U.S.A. Where real Americans see destruction and the end of everything, the leftists see a re-birth to a better and, in their eyes, more moral America. He and his left-wing friends see the U.S. as a Phoenix rising from the ashes of the bad old days.
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Does Obama Want to Destroy America? Yes, But…”

Budget - Capitalism - Congress - Democrats/Leftists - Economy/Finances - Government - Liberals - Taxes - Warner Todd Huston

I Want to Fire All Government Workers

April 26, 2010 by

-By Warner Todd Huston

[Time to break this one out again…]

We conservatives are fond of wanting to oust everyone in office and for wanting to “vote the scoundrels out.” But, I’d like to add one more level to the throw-them-out-of-government arena. Let’s fire every government worker from the smallest village receptionist or sewer worker to the staffers of the highest Senator and every menial clerk and recalcitrant paper shuffler in between. O.K., this is a little bombast, but only a little.

It’s not just pique at the famous laziness of government workers I indulge here and it’s not just the fact that the only reason they got their jobs is because they are pals with one politician or another. It’s not just that they are better paid than just about any real American in the private sector — whether they deserve it or not — and it’s not because they are impossible to fire, nor is it because they get a better pension and health care than anyone who really contributes to society… well, OK, it is because of that stuff. All that stuff and more.
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I Want to Fire All Government Workers”

Budget - Business - California - Capitalism - Democrats/Leftists - Economy/Finances - Government - Jobs - Public Employees Unions - SEIU - State Government - Taxes - Unions - Warner Todd Huston

How Unions Are Destroying California

April 21, 2010 by

-By Warner Todd Huston

Steve Malanga of City journal has a great piece detailing how California’s public employee unions are destroying that once great state.

Malanga starts by repeating the ominous warning to the politicos at the state capitol in Sacramento made by a Service Employees International Union chief. “We helped to get you into office and we got a good memory” the official said on to California’s pols. “Come November, if you don’t back our program, we’ll get you out of office.”

To me this is reminiscent of the warning by the old Soviet Union’s Nikita Kruchev who said that “we will bury you.” Only, the SEIU has far more power to bury our governments than the old Soviets had!
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How Unions Are Destroying California”

Anti-Americanism - Barack Obama - Budget - Capitalism - Democrats/Leftists - Economy/Finances - Government - President - Taxes - Warner Todd Huston - Welfare

Baskin-Robberts New Ice Cream Flavor Honors Obama

April 19, 2010 by

-By Warner Todd Huston

In honor of the 44th President of the United States , Baskin-Robberts Ice Cream has introduced Barocky Road, its new flavor.

Barocky Road is a blend of half vanilla, half chocolate, and surrounded by nuts and flakes. The vanilla portion of the mix is not openly advertised and usually denied as an ingredient. The nuts and flakes are all over sized, very bitter, and hard to swallow.

The cost is $100.00 per scoop.

When purchased it will be presented to you in a large beautiful cone, but after you pay for it, the ice cream is taken away and divided up between the people in line behind you. But none of the others get too much and leave unsatisfied.

You are left with an empty wallet and holding an empty cone with no hope of getting any ice cream.

If you don’t like your new ice cream experience, members of ACORN and the SEIU will surround you, push you around, and call you a racist. The police will ignore this harassment.

Welcome to your Barocky Road experience. Enjoy it… it’s the sort of change you wanted.
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Baskin-Robberts New Ice Cream Flavor Honors Obama”

Business - Capitalism - Democrats/Leftists - Free Trade - Government - Immigration/Immigrants - Jobs - Liberals - Media - Media Bias - Warner Todd Huston

Cokie Roberts: Japanese Internment Was an Immigration Issue?

April 16, 2010 by 1 Comment

-By Warner Todd Huston

Why is it that lefties always get history wrong? The Jewish World Review recently published an editorial by NPR commentator Cokie Roberts and her hubby meant to urge the country toward “comprehensive” immigration reform by praising America’s history of immigrant labor. But even as much of what the two Roberts say is dead on, there are still a few glaring errors one of which is their claim that Japanese internment during WWII was an immigration issue.

Cokie, whose full name is a mouthful — Mary Martha Corinne Morrison Claiborne Boggs — garbled history at the tail of her piece by saying that the internment of Japanese during WWII was little but “anti-immigrant sentiment.”

American history has been scarred by outbursts of anti-immigrant sentiment… In the 1940s, we interned Japanese-Americans living on the West Coast.

But this is an absurd statement to make. Japanese Americans were not interned into holding camps during WWII merely because they were immigrants, it was because their distant fellow Japanese relatives were at war with us. In fact, Franklin Roosevelt also interned Germans and Italians in similar camps, though in lesser numbers, because he was worried that they might be enemies within. This was no “anti-immigrant sentiment,” it was war. Right or wrong, it was war.
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Cokie Roberts: Japanese Internment Was an Immigration Issue?”

Business - Capitalism - Computers - Economy/Finances - Google - Inernet - Net Neutrality - Scott Cleland - Taxes - Technology

FCC deeming broadband to be regulated opens Pandora’s Box

April 16, 2010 by

-By Scott Cleland

Proponents of the FCC asserting new “deeming authority,” to “deem” broadband to be a regulated phone service and thus subject to the FCC’s existing Title II telephone authority, have not even begun to answer the most fundamental questions of what such a foundational change would mean.

Premature characterizations that this nouvelle, regulatory “deeming” would somehow be easy, clean or containable, simply have not thought through the potential chaos, havoc and uncertainty that such a radical, foundational and over-reaching regulatory “deeming” would wreak on:

  • Legal/policy precedent, clarity and stability;
  • Business investment and innovation — assumptions, incentives, models and practices;
  • Economic growth, private investment and job creation;
  • Industry financial stability, contracts and debt covenants; and
  • Trust, cooperation and respect the FCC needs to fulfill its mission and its National Broadband Plan.

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FCC deeming broadband to be regulated opens Pandora’s Box”

Budget - Capitalism - Democrats/Leftists - Economy/Finances - Free Trade - Liberals - President - Race - Taxes - Tea Party - Warner Todd Huston - Western Civilization

Race Baiting at Philly Tea-Party: Anti-Tea Party Democrats No Better than Fred Phelps?

April 15, 2010 by 2 Comments

-By Warner Todd Huston

On March 6, former George H. W. Bush speechwriter Michael Johns was speaking before a tea party gathering in Philadelphia when someone from the audience took exception to the fact that during his address he did not say “President Obama” but merely called him Mr. Obama. The heckler screamed a racial slur at Mr. Johns calling him a “white boy.”

“It’s President Obama, President Obama, white boy, President Obama,” the heckler yelled. Apparently this heckler did not recall the many times the Old Media called President Bush “Mr. Bush” all those eight years, but, there you have it. (There is a video of Mr. Johns’ full speech at YouTube)

Mr. Johns reacted well by not engaging this creep and asking him to say his piece after Mr. Johns was done, but otherwise carrying on.
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Race Baiting at Philly Tea-Party: Anti-Tea Party Democrats No Better than Fred Phelps?”

Barack Obama - Budget - Business - Capitalism - Democrats/Leftists - Economy/Finances - Government - Health - Liberals - President - Socialism - Taxes - Warner Todd Huston

Here’s a Leftist Spin on Healthcare For You

April 14, 2010 by

-By Warner Todd Huston

AFL-CIO President Richard Trumka said that Obamacare is a ”momentous step toward comprehensive health care.” Implicit in that statement is that Obamacare isn’t finished and the left fully intends to up the ante even more as time goes on. But that isn’t the spin I announced in my headline. Here is something from the AFL-CIONowBlog written by one Mike Hall. Try this on for spin…

The bill survived a $100 million lie-and-distortion campaign by Big Insurance to kill it—the same kind of tactics these groups have aimed at health care proposals for six decades.

That is some wonderful spin, isn’t it? The bill “survived” a distortion campaign designed to “kill it,” says Hall. But he’s spinning one hundred miles an hour with his claim. The truth is that the bill did not survive that campaign.
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Here’s a Leftist Spin on Healthcare For You”

Barack Obama - Budget - Business - Capitalism - Democrats/Leftists - Economy/Finances - Free Trade - Government - Liberals - President - Taxes - Unions - Warner Todd Huston

Obama’s Assault on Non-Union Businesses

April 13, 2010 by 1 Comment

-By Warner Todd Huston

Donald Lambro has a great piece discussing the new rules that Obama wants to impose on every single business in America that derives even the tiniest part of its income from the federal government. In essence, Obama wants to impose Project Labor Agreements (PLAs) on everyone.

As Lambro says, Obama wants to “shatter decades-old, competitive contract rules that seek the best quality work at the lowest price” and this would cost government untold billions in higher costs as well as destroy untold thousands of small businesses that won’t be able to support the wild increase in their expenses. This will also cost thousands of jobs and give great payoffs to unions.

In the still-little-known initiative taking shape in the White House, senior officials are working on regulations that would use the full power of the government’s vast $500 billion a year contracting business to favor firms ,that offer higher wages and economic benefits, while ruling out firms whose wage, pension and even environmental record may not meet with the administration’s approval.

The Obama Administration is perpetrating the absurdity that this policy of forcing every business that does business with the government to increase wages and benefits to come in line with union benefits will somehow save the federal government money.
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Obama’s Assault on Non-Union Businesses”

Anti-Americanism - Barack Obama - Budget - Business - Capitalism - Congress - Dan Scott - Democrats/Leftists - Economy/Finances - Liberals - President - Taxes

The Inflationary Spiral

April 13, 2010 by

-By Dan Scott

The wild spending policies of Barack Obama and his allies in Congress give one pause to consider if anyone with a half a brain could not foresee-ably know such deficit spending will not end well for the country. This pattern has played itself out many times in countries such as Zimbabwe. No matter how insular a demagogue is he has to face reality at some point and at least have considered the issue of hyperinflation because his critics warned him about it. Given that liberals like Barack Obama operate under the principle of Equality of Outcome, it has become very clear that such policies are designed to LOWER the living standard of the wealthy via taxes and regulations BUT NOT increase the living standard of the poor by maintaining their cost of living. Or have you not noticed that liberals constantly harp on the issue of income inequality and the widening gap between the richest person and the poorest? What easier way is there to wipe out income inequality but to inflate the dollars in the hands of the poor while making the dollars in the hands of the rich worth less?

Inflation while decreasing the buying power and accumulated wealth of the rich gives the illusion to the poor that their increased wages or subsidies have made them richer while not advancing at all. The initial economic growth with inflation as its base is insidiously deceptive at first since everyone defines “growth” or “increased” economic output in terms of currency usage. The GDP is defined and counted in Dollars. At first the economy seems to be moving again however, what’s really happening is investors are liquidating their cash equivalent positions in a move to harder assets like stocks, land or durable goods. Once inflation takes hold, an inflation psychology develops discouraging saving and investment. The flight from cash is in reality the draining of liquidity preventing the finance system from making loans for future expansion killing off a real recovery such as experienced under President Carter.
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The Inflationary Spiral”

Budget - Business - Capitalism - Democrats/Leftists - Economy/Finances - Free Trade - Illinois - Illinois State Government - Jobs - Liberals - Regulation - State Government - Taxes - Warner Todd Huston

Illinois Lawsuit Loan Sharks? Stop This Latest Trial Lawyer Bill

April 12, 2010 by

From the U.S. Chamber Institute for Legal Reform…

Illinois’ reputation for lawsuit abuse hurts our jobs climate.

The last thing we need are measures in Springfield that would encourage trial lawyers to file more lawsuits.

So then why are our state legislators considering a law that would do just that?

This wrongheaded bill (S.B. 3322) would legimitize a new “lawsuit lending” industry in Illinois — creating new “lawsuit loan sharks” who loan money to help people file lawsuits.

More Illinois lawsuits? That’s the last thing we need.
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Illinois Lawsuit Loan Sharks? Stop This Latest Trial Lawyer Bill”

Anti-Americanism - Business - Capitalism - Democrats/Leftists - Government - Immigration/Immigrants - Jobs - Liberals - SEIU - Unions - Warner Todd Huston

SEIU Union Chief: My White Union Members are all Racists

April 12, 2010 by

-By Warner Todd Huston

On a panel talking about immigration on April 6, 2010, union chief Gerry Hudson of the Service Employees International Union (SEIU) said that his white union members are “so fuc_ing rabidly racist” that is scares him.

I am also a bit amused that this nut is shocked that there is “significant worker opposition to comprehensive immigration reform.” I mean, isn’t that logical? Union workers are afraid that this flood of illegals will take all their jobs away from them! It seems like a “Duh!” to me and I don’t understand why he doesn’t get that? Hudson is so sold out to the Democratic agenda that he doesn’t even understand his own members. The man fails utterly as a union representative.

Barack Obama - Budget - Capitalism - Constitution - Democrats/Leftists - Economy/Finances - GOP - Government - Liberals - Media Bias - Newspapers - Republicans - Taxes - Tea Party - Warner Todd Huston - Western Civilization

Washington Post Ombudsman Misses Point

April 12, 2010 by

-By Warner Todd Huston

Today, in his guise as the Washington Post’s ombudsman, Andrew Alexander posted a discussion about the recent misreporting by the Old Media about the various “incidents” that supposedly occurred between the admittedly raucous tea party protesters and members of Congress in Washington, D.C., during the healthcare fight. But while Alexander finally makes some admissions on how the Old Media dropped the ball on these exaggerated reports, he still missed the point of the whole mess.

Alexander starts his report off with an interesting rhetorical style. He writes about incidents as if they actually happened even as he admits later down the page that either they didn’t or might not have. He recounts the supposed incidents in affirmative language instead of using qualifiers. “The Post and other news organizations had reported a series of incidents so ugly,” Alexander says, “they were denounced by congressional leaders of both parties.” Notice how he didn’t use qualifiers like “alleged incidents”? No, he said “reported on incidents” as if they were actual incidents that have been proven. If someone were to stop reading after the first few paragraphs they’d go away thinking those “incidents” were confirmed and true.
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Washington Post Ombudsman Misses Point”

Banks - Barack Obama - Budget - Business - Capitalism - Economy/Finances - Jeff Lukens

2008 Market Crash Should be Investigated

April 12, 2010 by

– By Jeff Lukens

Almost two years after the mortgage crisis and stock market crash, no one seems to wonder about the “September surprise” that shifted the 2008 presidential election to an unknown leftist politician who had been elected to the Senate only two years before. A pulp-fiction writer could hardly have created a more contrived and bizarre story. But this was not make-believe. No, it is now our own gritty reality show that we only wish we could turn off.

The week of Sept. 15, 2008, was a debacle of huge proportions. On Monday, Lehman Brothers filed for bankruptcy while other lending institutions lined up like dominoes teetering on the edge of bankruptcy. But the week was hardly over. On Thursday, an electronic run on the banks occurred. In an unprecedented move, the Treasury and the Federal Reserve had to act together to stop what had become a full-fledged panic. On Saturday, Sept. 20, The Wall Street Journal recounted events of that previous Thursday:

“Instead of lining up at bank windows, investors were unloading financial assets on their PCs. Credit markets had seized up, to the point that even routine daily settlements had stopped until banks had the actual securities or cash in hand.”
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2008 Market Crash Should be Investigated”

Anti-War - Capitalism - Communism - Democrats/Leftists - Economy/Finances - Government - Iraq - Israel - Liberals - Media Bias - Military - Palestinians - Patriotism - Republicans - Socialism - Society/Culture - Taxes - Tea Party - Warner Todd Huston - Western Civilization

The Dregs of American Society Meet at Another Anti-War Rally

April 9, 2010 by

Imagine the body odor at this thing!

Flag burners, hypocrites, hippie wannabes, terror supporters, Taqiyya-pushing, Islamic terror loving, anti-American cretins, and the average and generally uninformed, hate-filled leftists… you know, the kind that fills the Democrat Party… the kind we’ve all met that lean to the anti-American left? You know, those kind that are just like every Democrat? Yeah, here they are for your viewing enjoyment…

Notice that communists and socialists proudly display their signs among these sort of human debris? This video is in stark contrast to anything you’d find at a Tea Party protest. There you’ll find true patriots. Sure they are mad at what is going on in the U.S. today but they don’t despise their country like these creeps in this video do.

From the good folks at Accuracy In Media.

Banks - Capitalism - Democrats/Leftists - Economy/Finances - Government - Jobs - Liberals - Pensions - Public Employees Unions - SEIU - Unions - Warner Todd Huston

Pot Calling the Kettle… Unions Say Banks are Corrupt

April 9, 2010 by

-By Warner Todd Huston

The Hill Newspaper is reporting that unions are “amping up” for a battle against America’s big banks when Congress is next in session. Uniopns want Congress to institute financial regulatory reform because they feel that banks need to be “held accountable.”

The first thought that comes to mind is to wonder when Congress will ever hold unions accountable for anything! Perhaps unions should avoid throwing stones in that glass house of theirs!

Service Employees International Union (SEIU) head Anna Burger railed against the “greedy actions of the financial industry” and announced that the SEIU was scheduling protests against banks in San Francisco, Kansas City, Charlotte and on Wall Street.

It is a hoot to see the SEIU saying that other people are “greedy.” Seriously. A union thug railing against other’s greed! It’s just a hypocrisy beyond belief.

The SEIU is also upset at the executive pay of several bankers. One wonders that if the SEIU is so against high salaries, when they will cut the salaries of their own chiefs that make hundreds of thousands, if not millions, of dollars a year?
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Pot Calling the Kettle… Unions Say Banks are Corrupt”

Budget - Capitalism - Dan Proft - Democrats/Leftists - Economy/Finances - Free Trade - Government - House of Representatives - Illinois - Liberals - President - Taxes - Warner Todd Huston

They came first for John Deere, Caterpillar, AT&T and Verizon…

April 8, 2010 by

From Dan Proft, Urquhart Media…

Henry Waxman is confused and afraid.

Waxman is the California Congressman who looks like a fruit bat and heads up the House Committee on Wealth Extraction and Job Disappearance.

Waxman is confused by the growing chorus of U.S. corporations reporting that Obamacare will add tens of millions of dollars in cost to their bottom lines and afraid of the implications.

So Waxman and his colony of fellow bloodsuckers have descended on the CEOs of John Deere, Caterpillar, AT&T and Verizon and will hold hearings to find out if one of those CEOs can teach them how to read a balance sheet.
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They came first for John Deere, Caterpillar, AT&T and Verizon…”

Banks - Barack Obama - Business - Capitalism - Congress - Democrats/Leftists - Economy/Finances - Free Trade - Government - Matthew J. O'Connor - President - Socialism - Taxes - Western Civilization

Professor Paul Krugman: Team Obama’s Prof. K-9

April 8, 2010 by

-By Matthew J. O’Connor

One of the left wing’s most vocal and pernicious purveyors of liberal rhetoric is the Nobel prize winning, new age globalist professor of macroeconomics, Paul Krugman. Professor Krugman is one of the left’s most respected economic advisers and has gained much notoriety over the past decade as a constancy providing economic theory and political punditry [centered left of left ] – communicated through a certain arrogance and hubris on a level somewhere between the stratosphere and Valhalla.

One only has to periodically read and watch Mr. Krugman to detect the vanity and self-righteous indignation he holds for those who challenge his findings or opinions; it is quite fascinating and at the same time quite instructive into the politically liberal mindset. A mindset which the ubiquitous Professor Krugman staunchly guards and promotes throughout the media as the liberals’ economic attack dog; code name, Professor K-9.
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Professor Paul Krugman: Team Obama’s Prof. K-9″

Adam Andrzejewski - Barack Obama - Budget - Business - Capitalism - Chicago - Christianity - Congress - Constitution - Democracy - Democrats/Leftists - Economy/Finances - Elections - Federalism - Free Trade - GOP - Government - Health - House of Representatives - Illinois - Jobs - Liberals - Religion - Republicans - Senate - Socialism - Society/Culture - State Government - Taxes - Tea Party - Warner Todd Huston - Western Civilization

Tea Party Express Hits Rockford, Illinois

April 6, 2010 by 1 Comment

-By Warner Todd Huston

No posts have emerged from me today because I was away for most of the day witnessing the Tea Party Express as it rolled into rolled into Rockford, Illinois.

Rockford is situated about 90 miles west (and a bit north) of Chicago in Northern Illinois. It’s a region that has been hit particularly hard by this recession and has the highest unemployment rate in a state that has one of the highest unemployment rates in the country.

The Tea Party Express is ranging across the country in an effort to keep the Tea Party spirit alive. If you want to find out if the Tea Party Express is coming to a town near you, check out the itinerary at www.teapartyexpress.org.

The Rockford Tea Party folks had hoped to get 1,000 Illinoisans to attend their rally, but there was at least 2,000 that actually came (some say 3,000) so they most certainly met their goals. These were some great Constitution-loving Americans that were very concerned about the downward direction that their country is taking. These people were worried, of course, but all seemed buoyed by their shared fellowship in patriotism. These are all great Americans. With citizens like this, we may yet bring our nation back from the brink of the leftism that is destroying Europe… unless Obama, his regime and their co-conspirators can help it.

The pre-event was held by the Rockford Tea Party folks (www.rockfordteaparty.org). And they had a nice line-up of local Illinois pols and political folks.
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Tea Party Express Hits Rockford, Illinois”

Anti-Americanism - Barack Obama - Capitalism - Communism - Constitution - Democrats/Leftists - Liberals - President - Socialism - Thomas Brewton

Once Again: What Is Socialism?

April 6, 2010 by

-By Thomas E. Brewton

The commonly used definition is wrong.

News reporters, editorialists, academics, and liberal-progressive politicians generally deny that the Obama administration is socialistic. Socialism, they say, is a political state in which the government owns the means of production and distribution of goods and services. Because some businesses still are privately owned, ipso facto, ours is not a socialistic government.

That definition is confuted by the earliest theoretical writings on socialism. In France, Henri de Saint-Simon, in the first decades of the 1800s, and his pupil and colleague Auguste Comte, in the 1820s and 30s, along with Robert Owen contemporaneously in England, stated that the essential feature of what Owen called socialism is government regulation of the means of production and distribution.
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Once Again: What Is Socialism?”

Anti-Americanism - Business - Capitalism - Card Check - Democrats/Leftists - Economy/Finances - EFCA - Elections - Government - Health - Jobs - Liberals - Pennsylvania - State Government - Taxes - Warner Todd Huston

Unions Cutting off Noses To Spite Their Faces

April 5, 2010 by

-By Warner Todd Huston

Despite all our talk of CommieObamie being a socialist, it is a straight out fact that the far left in America are mad that Obama didn’t turn us into the U.S.S.R. lite the second he took office. His pace at selling us out and turning us into a social democratic system ala France isn’t happening fast enough for them. For unions the fact that Obama hasn’t summarily castrated the business community and forced card check down everyone’s throats yet is a downer. And with that in mind, unions have announced that they are taking their ire out on those mythical “Blue Dog” Democrats that are trying to run for reelection in conservative districts in the upcoming midterms.

Friend to the blog David Denholm gave us a delicious example of this cutting off of the Democratic nose to spite the union’s face going on in Pensylvania’s 17th Congressional District.

There the AFL-CIO is refusing to support “Blue Dog” Tim Holden. Why? Because he voted “no” on Obama’s take over of American healthcare, that’s why. Ridiculously enough, Pennsylvania’s AFL-CIO front man, Bill George said that Holden has “been good to us on a number of bread-and-butter issues,” but that they have refused to support him because Obamacare was a “revolutionary, historical vote.”

Viva la Revelucion.
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Unions Cutting off Noses To Spite Their Faces”