Thomas Brewton

Anti-Americanism - Budget - Business - Communism - Congress - Constitution - Democrats/Leftists - Economy/Finances - History - Liberals - Socialism - Society/Culture - Thomas Brewton

Gore Tips His Hand

July 16, 2009 by

-By Thomas E. Brewton

Liberal-progressives’ drive to integrate the United States into a world government, a new socialist international under the UN, is a carefully concealed element in the man-made global warming scam.

Needless to say, Al Gore and other self-anointed intellectuals envision themselves in positions of great personal power in the forthcoming socialist world government.

Anarchist Mikhail Bakunin, opposing Marxian collectivism in 1872, described what life was to be under such men:
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Gore Tips His Hand”

Anti-Americanism - Barack Obama - Budget - Business - Congress - Constitution - Democrats/Leftists - Economy/Finances - Liberals - Society/Culture - Taxes - Thomas Brewton

Economic Miasma Ahead

July 13, 2009 by

-By Thomas E. Brewton

You will be disappointed if you expect the economy and the stock market to rebound vigorously after we hit the bottom of the economic cycle.

What’s in store for us, if the President’s budget and Congress’s pet projects are enacted, is a long, dreary slog of the sort imposed upon the nation by Franklin Roosevelt’s New Deal social engineering. For eleven years, beginning in 1929 with President Herbert Hoover, himself a liberal-progressive social engineer, business operated well below the levels attained in the late 1920s, and unemployment was always in double digits.

Our present-day economy is bound for the same slough of despond, because President Obama and the Democrat/Socialist Congress are energetically repeating Hoover’s and Roosevelt’s mistakes. Higher costs imposed upon business – via regulation, taxes, support for socialist labor unions, expanded welfare-state entitlements, and “green” regulation – will reduce profits and incentives for business to create new jobs, just as similar actions did under Hoover and Franklin Roosevelt.
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Economic Miasma Ahead”

Anti-Americanism - Barack Obama - Budget - Business - Communism - Congress - Democrats/Leftists - Economy/Finances - Liberals - Socialism - Society/Culture - Taxes - Thomas Brewton

Government Action Causes Unemployment

July 12, 2009 by

-By Thomas E. Brewton

The more the President flails around with barrages of new programs, taxes, mandates, and business takeovers, the warier businessmen become about hiring new workers.

Hence the accelerating level of unemployment, now at 9.5%, the highest level in more than 25 years. That picture is even worse when allowing for the decline in the average work week to 33 hours.

The administration continues to use the crutch of blaming President Bush for everything that goes wrong. But it can’t escape the fact that its first official economic act was the $787 billion stimulus package, which was by many multiples the largest such program in history. When it was enacted, the unemployment level was approximately half the present 9.5%.
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Government Action Causes Unemployment”

Anti-Americanism - Barack Obama - Censorship - Democrats/Leftists - Family - History - Israel - Liberals - Religion - Society/Culture - Thomas Brewton

Don’t Stand On The Sidelines Complaining

July 10, 2009 by

-By Thomas E. Brewton

It’s always easier to carp about things you don’t like than to stand up, become involved, and work to correct the problem.

Sunday’s sermon at the Cohocton, New York, Assembly of God Church was preached by Rev. Jason McGuire, who serves as the legislative director of New Yorkers for Constitutional Freedoms. His text was Proverbs 24:10-12.

10 If you falter in times of trouble, how small is your strength! 11 Rescue those being led away to death; hold back those staggering toward slaughter. 12 If you say, “But we knew nothing about this,” does not he who weighs the heart perceive it? Does not he who guards your life know it? Will he not repay each person according to what he has done?

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Don’t Stand On The Sidelines Complaining”

Barack Obama - Democrats/Leftists - Environment - Liberals - Science - Thomas Brewton

Criminal Suppression of Evidence

July 7, 2009 by

-By Thomas E. Brewton

President Obama, Nancy Pelosi, and other leaders of the Democrat/Socialist Party are guilty of criminal suppression of evidence that makes the Waxman-Markey cap-and-trade bill unnecessary, as well as ferociously expensive for all of us.

My thanks to Frank Madarasz, who alerted me to this article on the Investor’s Business Daily website.
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Criminal Suppression of Evidence”

Anti-Americanism - Barack Obama - Congress - Constitution - Democrats/Leftists - Founders - Judges - Liberals - Media Bias - Rights - Socialism - Society/Culture - Supreme Court - The Law - Thomas Brewton

A New 4th of July Declaration of Independence

July 5, 2009 by

-By Thomas E. Brewton

The 1776 Declaration was a resolution to throw off the tyranny of big government.

Borrowing from the 1776 document, the history of the present political administration is a history of repeated injuries and usurpations, all having in direct object the establishment of an absolute socialist tyranny over these states. When a long train of abuses and usurpations, pursuing invariably the same object evinces a design to reduce us under absolute despotism, it is our right, it is our duty, to throw off such government, and to provide new guards for our future security.

Democrat/Socialists have made judges dependent upon their ideological will alone. They have erected a multitude of new offices, and sent hither swarms of officers to harass our people, and eat out our substance. To support socialist labor unions they have threatened to cut off our trade with all parts of the world. They have altered fundamentally the forms of our government. They propose, for specious, scientistic purposes, to destroy major mining and manufacturing industries.
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A New 4th of July Declaration of Independence”

Barack Obama - Congress - Constitution - Democrats/Leftists - Founders - History - Journalism - Judges - Liberals - President - Society/Culture - Supreme Court - The Law - Thomas Brewton

Ivy League Realism

June 24, 2009 by

-By Thomas E. Brewton

The social justice views of Supreme Court nominee Sonia Sotomayor have deep roots.

Several recent articles in both liberal-progressive and conservative media attributed Judge Sonia Sotomayor’s interpretation of the law to the doctrine of legal realism. Specifically mentioned in that connection was 1920s and 30s legal scholar Jerome Frank.

In fact, Mr. Frank was just one voice, although a prominent one, among many legal scholars who articulated the doctrine of legal realism. That doctrine’s genesis goes back to Oliver Wendell Holmes, Jr.’s 1881 lectures at Harvard law School, later published as The Common Law. Holmes in 1902 was elevated to the Supreme Court by President Theodore Roosevelt, a Harvard graduate and early member of the Eastern liberal-progressive establishment.
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Ivy League Realism”

Barack Obama - Budget - Business - Democrats/Leftists - Economy/Finances - Liberals - Media Bias - Socialism - Society/Culture - Taxes - Thomas Brewton

Why the Steepening Yield Curve?

June 4, 2009 by

-By Thomas E. Brewton

Investors are beginning to look ahead, anticipating surging inflation.

A reader signing himself AmendmentX posted a comment with a link to Federal Reserve puzzled by yield curve steepening.

As he noted, that supports my statement that:
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Why the Steepening Yield Curve?”

Barack Obama - Democrats/Leftists - President - Society/Culture - Thomas Brewton

Where’s David Axelrod?

May 28, 2009 by

-By Thomas E. Brewton

If real substance is to emerge from the vacuity of the President’s policies, it presumably will come from Mr. Axelrod, his behind-the-scenes campaign manager and PR crafter.

It was widely noted early in the presidential primaries last year, that Mr. Axelrod was the creator of the Obama public persona. To many it appeared that Mr. Axelrod was a puppeteer who pulled Mr. Obama’s strings.
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Where’s David Axelrod?”

Abortion - Barack Obama - Children - Communism - Congress - Constitution - Crime - Democrats/Leftists - Family - Feminism - Health - History - Liberals - Media Bias - Race - Religion - Rights - Socialism - Society/Culture - Thomas Brewton

Hillary Clinton, Racist Fellow-Traveler

May 3, 2009 by

-By Thomas E. Brewton

Secretary of State Clinton’s praise of Margaret Sanger was an endorsement for the doctrine that Hitler used to justify the Holocaust.

One of the most horrendous doctrines to emerge from Charles Darwin’s evolutionary hypothesis was the eugenics movement, instituted by his cousin, Sir Francis Galton. Today’s birth control and abortion, according to apologists for abortion, are merely eugenics updated.

Eugenicists in the late 19th and early 20th centuries, denying God as the creator and designer of the universe, asserted that evolution of species was, according to the Darwinian hypothesis, without design. Unstructured evolution among humans, however, could result in mongrelization of the human race, they said. Eugenics thus may be described as Darwinian evolution in a hurry.
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Hillary Clinton, Racist Fellow-Traveler”

Anti-Americanism - Barack Obama - Budget - Congress - Conservatives - Democrats/Leftists - Economy/Finances - Elections - Liberals - Media Bias - Society/Culture - Taxes - Thomas Brewton

What a New New Deal Means For You

May 1, 2009 by

-By Thomas E. Brewton

Socialism, the motivating ideology of Franklin Roosevelt’s New Deal, is the opposite of the political state envisioned in the Bill of Rights. Socialism requires that your individual liberties be subordinated to the needs of the political state.

Whatever its proclaimed intentions for the betterment of society, socialism must diminish your range of individual political and economic freedoms, transferring them to state bureaucrats who promulgate regulations.

One socialist aim, for example, is to reduce or eliminate unemployment, a major concern near the end of World War II. At that time, the British socialist Labour Party was planning its takeover of government, and Friedrich Hayek wrote “The Road to Serfdom” to describe what lay ahead for the British people. Sir William Beveridge, a Labour Party leader, candidly stated the basic fact of the socialized welfare state:
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What a New New Deal Means For You”

Barack Obama - Budget - Business - Democrats/Leftists - Economy/Finances - Liberals - Media Bias - President - Society/Culture - Taxes - Thomas Brewton

Government-Imposed Uncertainty Deepens The Recession

April 30, 2009 by

-By Thomas E. Brewton

Repeated Federal interventions in the economy make businessmen fearful of what the government may do next. And that fear prolongs recessions.

In Publicly Berating Bankers and Businessmen Has Consequences, I wrote:

In addition to the problem that New Deal regulations prevented reducing costs enough to produce at a profit, businesses did not expand and rehire, because they were in perpetual uncertainty and fear about what FDR would do next. As a consequence, private investment was at historically low levels during the New Deal era.

A Jackboot at Home, an Olive Branch Abroad listed a few of the heavy-handed, arbitrary interventions by the Obama administration, interventions that create great uncertainty and deter business and bankers from revving up production and lending.
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Government-Imposed Uncertainty Deepens The Recession”

Anti-Americanism - Barack Obama - Censorship - Communism - Congress - Conservatives - Constitution - Democrats/Leftists - Economy/Finances - Education - Elections - Founders - Free Speech - GOP - History - Liberals - Media Bias - Patriotism - President - Republicans - Rights - Security/Safety - Socialism - Society/Culture - Taxes - Thomas Brewton

Ideological Civil War

April 27, 2009 by

-By Thomas E. Brewton

Democrat/Socialists started the ideological warfare in Congress with their slanderous attacks that blocked the 1987 Supreme Court nomination of Judge Robert Bork. Now they are upping the ante by considering criminal prosecutions against Bush administration officials for legal and policy opinions about interrogating captured Islamic terrorists.

The Wall Street Journal reports (Obama Open to Probe of Bush Officials Who Devised Interrogations, April 21, 2009):
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Ideological Civil War”

Anti-Americanism - Barack Obama - Budget - Business - Congress - Constitution - Democrats/Leftists - Economy/Finances - Freedom - GOP - Liberals - Media Bias - News - Society/Culture - Taxes - Thomas Brewton

A Jackboot at Home, an Olive Branch Abroad

April 25, 2009 by

-By Thomas E. Brewton

President Obama seems intent upon cramming stifling socialist programs down our throats domestically, while he relies upon pretty-word diplomacy with foreign nations that have vowed to destroy us.

Reportedly the President’s chief of staff Rahm Emanuel stated that an economic crisis is too good an opportunity to be wasted on economics, when it can be used, as Franklin Roosevelt did in the Depression, to revolutionize the nation’s social and political structure, in effect to amend the Constitution without the bother of submitting amendments in accord with the Constitution’s Article V.

This connotes a domestic jackboot approach evident in many recent Federal actions and policy initiatives. For example:
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A Jackboot at Home, an Olive Branch Abroad”

Anti-Americanism - Barack Obama - Budget - Business - Congress - Constitution - Democrats/Leftists - Economy/Finances - Liberals - Media Bias - Society/Culture - Taxes - Thomas Brewton

Government as the Agent of Prosperity

April 3, 2009 by

-By Thomas E. Brewton

A reader asserts that, in the chicken-or-egg-first debate, prosperity is not possible without organization of the economy by government.

David Airth, a reader who frequently posts thought-provoking ripostes to articles appearing on this website, commented in response to AIG Employees’ Side of the Story.

He wrote, in part:
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Government as the Agent of Prosperity”

Barack Obama - Congress - Conservatives - Constitution - Democrats/Leftists - Education - Elections - Founders - Liberals - Society/Culture - Thomas Brewton

The Constitution Be Damned

March 28, 2009 by

-By Thomas E. Brewton

Tocqueville forewarned us about the tyranny of majorities that by nature impose ill-considered policies trampling upon individual liberties, liberties which the Bill of Rights was enacted to protect.

The Constitution created a government that people expected to defend them against foreign aggression and to protect the natural law rights of individuals to life, political liberty, and free exercise of private property rights. Today, instead of protecting individual rights against mob will, we have a Federal government that follows the mob and presumes the power to force people to conform to the schemes of academic state-planners.
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The Constitution Be Damned”

Barack Obama - China - Communism - Democrats/Leftists - Economy/Finances - Liberals - Media Bias - President - Security/Safety - Socialism - Society/Culture - Thomas Brewton

China Puts Us on Notice

March 25, 2009 by

-By Thomas E. Brewton

China’s premier publicly expressed concern that the Obama administration’s present and prospective surges of deficit financing are impairing the creditworthiness of the massive amounts of Treasury debt that China holds as our largest creditor.

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The Wall Street Journal reports, in its March 13 edition (Wen Voices Concern Over China’s U.S. Treasurys):

BEIJING — Premier Wen Jiabao voiced confidence in China’s economy, saying his government’s finances give it room to spend even more to support growth if needed, but expressed concern about the outlook for the U.S. and the safety of its Treasury bonds…

“We have lent a huge amount of money to the U.S., so of course we are concerned about the safety of our assets. Frankly speaking, I do have some worries,” Mr. Wen said in response to a question. He did not offer specific suggestions on economic policy to the U.S. government, but called on it to “maintain its credibility, honor its commitments and guarantee the security of Chinese assets.”

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China Puts Us on Notice”

Anti-Americanism - Barack Obama - Budget - Business - Congress - Democrats/Leftists - Economy/Finances - Jobs - Liberals - Media Bias - President - Socialism - Society/Culture - Taxes - Thomas Brewton

Publicly Berating Bankers and Businessmen Has Consequences

March 23, 2009 by

-By Thomas E. Brewton

Fanning the flames of public outrage, abrogating legal contracts, and punishing businessmen with punitive, ex post facto taxes deepens a recession.

The Wall Street Journal editorializes:
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Publicly Berating Bankers and Businessmen Has Consequences”

Communism - Congress - Constitution - Democrats/Leftists - Economy/Finances - Liberals - Media Bias - News - President - Socialism - Society/Culture - Thomas Brewton

We Know What’s Best For You

March 9, 2009 by

-By Thomas E. Brewton

Democrat-Socialists are prepared to force everyone to do what their academic planners think will be best for the new one-world government.

Two current examples of Democrat-Socialist dirigisme are “green” energy and nationalized healthcare.

During the presidential campaign primaries, Hillary Clinton proposed to institute a national health insurance plan that would compel every person to subscribe to it. The same sort of program already exists in socialist Massachusetts (with catastrophically bad results, per the Kaiser and Harvard Medical School studies). Many elements of those plans are incorporated into the President’s budget proposal.
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We Know What’s Best For You”

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Stimulus Disincentives

March 4, 2009 by

-By Thomas E. Brewton

Family farms are losers in the stimulus pork barrel.

Bob Utterback writes a regular column called Outlook. It appears in the Farm Journal, the largest national circulation publication focusing upon family-owned farms.

Mr. Utterback travels continually among farming communities across the nation to gauge market conditions and farmers’ market sentiment. His February 14 column suggests that President Obama’s stimulus bill will be, on balance, a series of disincentives for family farms to run the risks of aggressive farming, because the stimulus bill unfavorably raises the risk / reward ratio.
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Stimulus Disincentives”

00Publius Contributor - Barack Obama - Budget - Business - Communism - Congress - Democrats/Leftists - Economy/Finances - Jobs - Liberals - Media Bias - News - Socialism - Society/Culture - Taxes - Thomas Brewton

The Limitations of Econometric Computer Models

February 26, 2009 by

-By Thomas E. Brewton

Computer models were the tools employed to inflate the subprime mortgage balloon that precipitated collapse of our financial markets. And the same sorts of inherently faulty computer models are generating proclamations that President Obama’s near-trillion-dollar stimulus and mortgage protection programs will create millions of new jobs and restore the economy to prosperity.

The old saw is “garbage in; garbage out.” When the computer model is too complex and attempts to cover too wide a scope, its output is worse than useless; disaster is just around the corner.
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The Limitations of Econometric Computer Models”

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The Long and Short of It

February 24, 2009 by

-By Thomas E. Brewton

Asked about long-term inflationary effects of government deficit spending that he recommended to combat the Depression, economist John Maynard Keynes’s flippant dismissal was, “In the long run we are all dead.”

Keynes’s irresponsible mode of thinking has become Congress’s accepted way of dealing with any problem having more than a six-months horizon. Exhibit A is the refusal of Democrat/Socialists to face up to the looming unfunded liabilities of the Social Security, Medicare, and Medicaid funds. Exhibit B is the near-trillion dollar stimulus bill, to be funded largely by the Fed’s bookkeeping entries creating fictitious, fiat money out of thin air.
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The Long and Short of It”

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Don’t Blame President Obama

February 15, 2009 by

-By Thomas E. Brewton

The simple truth is that no president can pull an economy out of recession or guarantee continuous prosperity.

Our nation has become hypnotized by the PR hype surrounding all presidents. The proposed stimulus plan almost certainly will do little to boost employment, but it will give a huge boost to inflation. In our economic ignorance, we desperately want to believe that presidents can take steps to manage the economy back to low unemployment and prosperity. We therefore demand action, even if such action always leads to inflation that makes economic problems worse.

Chalk the misperception up to President Franklin Roosevelt (FDR). He was the first president to operate on the hubristic presumption that a president could plan and successfully manage the entire economy to prosperity by imposing the liberal-progressive ideology of social justice. Even Arthur Schlesinger, Jr., one of President Roosevelt’s most sycophantic eulogizers, was compelled to tie the New Deal to what he termed the imperial presidency.
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Don’t Blame President Obama”

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A Simple, Inescapable Fact

February 9, 2009 by

-By Thomas E. Brewton

Corruption can be reduced only by reducing the size of the Federal government.

Much is being written about unsavory political influence exercised by the army of Washington lobbyists, who act as conduits for large amounts of influence money from special interest groups. Those special interest groups range from business and environmental groups, to abortion advocates, and labor unions.

Tom Daschle’s exit from nomination as the commissar of a national socialized healthcare system is among the headliners. Another is Leon Panetta, bound for the CIA, coming off large lecture earnings from groups doing millions of dollars worth of business with the CIA. Already fading into the background is Secretary of State Hillary Clinton’s husband’s big-bucks connections with some of the less reputable characters on the international scene, people against whom Secretary Clinton must represent the interests of the United States.
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Questionable Judgment

February 7, 2009 by

-By Thomas E. Brewton

The OECD Secretary-general seems not to understand the first and foremost responsibility of banks.

The Wall Street Journal carries the following brief interview note:

Angel Gurria, secretary-general of the Organisation for Economic Co-operation and Development, says the economic crisis will hit bottom in the last quarter of 2009, with a meager recovery starting in early 2010.

“2009 will be a very bumpy and bad year,” Mr. Gurria said. “2010 will be weak, but positive and in the black.”

Asked what sectors of the economy will drive the recovery, Mr. Gurria said: “Frankly the guys in the banks have to start doing their jobs again and start lending.”

A major contributor to the collapse of the financial community is the widely held attitude expressed by the Secretary-general that a bank’s job is to lend money. Arguably, it was precisely the urge to lend at the highest possible rates of return that led banks and other financial institutions to acquire too many high risk assets.
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Why Government Is The Problem

January 31, 2009 by

-By Thomas E. Brewton

As Friedrich Hayek noted (A Free-Market Monetary System), government monopoly of the right to issue currency is the ultimate source of our economic miseries.

President Reagan, in his first inaugural address, famously said:

In this present crisis, government is not the solution to our problem; government is the problem.

In 1981, when he said it, economic conditions were in many respects identical to those we face today. And for the same fundamental reason: governments almost always arrogate to themselves the exclusive right to issue and/or to regulate the issuance of currency. The Constitution, Article I, Section 8, states: The Congress shall have Power… To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures…

This power, for any government, creates a temptation to over-expand the money supply and debase the currency. Only the unwritten constitution of the nation can guard against it.
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Social Justice As Foreign Policy

January 27, 2009 by 1 Comment

-By Thomas E. Brewton

President Obama and Secretary of State Hillary Clinton reportedly believe that the key to world peace is an international welfare state to equalize wealth distribution worldwide.

Both the President and his Secretary of State are on record as believing that the key to world peace and the end of Islamic jihad is to buy-off the enemy with welfare benefits, funded by American taxpayers. Given the current state of the economy and the Federal government’s massive deficits, this may be unrealistic.

Theirs is an approach based on social justice, the liberal-progressive hypothesis that institutions supporting private property rights foster unfair accumulation of wealth in the hands of greedy capitalists, leading to social discontent. Redistributing wealth, in liberal-progressive doctrine, removes incentives to aggression, crime, and war. As Hillary Clinton said in her primary campaign for the presidency, she intended to take more wealth, via higher taxes, from some people and put it to better social purposes.
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A Fading Dream

January 21, 2009 by

-By Thomas E. Brewton

The much lamented fading of the American dream of a better future results from the continuous, corrosive effect of policies initiated by President Franklin Roosevelt in the 1930s.

Democrat/Socialists blame Republicans for foreclosing the American dream, the expectation that things will be better for our children than they were for us. Their explanation is that presidents Ronald Reagan and George W. Bush took income away from the middle class and from low-income citizens and gave it to “the rich” via tax cuts.

The incoming Obama administration vows to change that.
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Inquisition or Scientific Investigation?

January 11, 2009 by

-By Thomas E. Brewton

Is it in the spirit of scientific research to ostracize and to punish anyone who brings new and contradictory evidence to the table?

The Spanish Inquisition was not an effort to discover the truth. It was a means to eliminate any dissent from orthodoxy.

Today’s ferocious reaction by the scientific establishment against any voice questioning the hypothesis of man-made global warming is remarkably similar in spirit to the Inquisition.

On one level, none of this is surprising. It’s a reflection of human nature. Everyone wants to protect his turf and to preserve his claim to recognition. Science, however, is supposedly welcoming to revision of hypotheses to account for new evidence. In the fields of cosmology and nuclear particle physics new evidence continually necessitates theoretical revisions.
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