Monday, July 18, 2011

So, What Happens If....

I believe the Republicans are in a no-win on the debt ceiling.  Shut down the government and the administration will withhold Social Security checks.  Check and Mate.  The media will scream bloody murder over the Republicans starving grandma and the Indies will buy it.  Allow the debt ceiling to rise and taxes to increase and the TEA Party Wing stays home in 2012.  In addition, the Democrats and their Big Media beat the GOP over the head with that club.  The McConnell Plan may be the biggest problem.  Successful and Obama gets the credit.  Disaster (which I expect) and it's "the McConnell Plan".

The GOP might as well stick to their guns.  They're doomed anyway.

Wednesday, July 13, 2011

DEMOCRATS WIN DEMOCRAT PRIMARY!!!!!

Duh.


No bias at all in the article.  "Fake Democrats" or "Protest Candidates"?  Guess that depends on which side of the fence you are, but none of them ever claimed to be Democrats.


But the real bias story here is in the heralding of the Democrats winning their own primary election.  Of course they won.  Anyone expect they wouldn't?  The protest candidates didn't spend a dime on campaigning, only what it cost to enter the race.


Here is the big story, though.  The protest candidates scored huge numbers.  Gladys Huber lost to Sandy Pasche, but still pulled about 35% of the vote.  Shelly Moore was lucky to defeat her Protest Candidate opponent (55%-45%).  This does not bode well for the Democrats, IMHO.


We will see for certain in about a month.

Sunday, July 10, 2011

Friday, July 8, 2011

Free Citizen? Or Thrall? Which Do You Choose?

Some awesome stuff via Dad29.



I do not believe the government can accomplish any given task more efficiently than the private sector.  The awful record of our bankrupt State argues conclusively to the contrary.

I deny both the right and wisdom of government to “own” any industry.  Industry cannot succeed without the threat of failure, and the State never has to worry about going out of business.  Ownership is the prerogative of citizens, not the government they authorize to perform certain essential duties.

I reject the notion that a just government can exist in the absence of a strictly obeyed Constitution.  It is not an archaic document to be evaded when it interferes with the agenda of public officials.  A republic must be bound by laws that its elected representatives cannot easily change.

I deny the wisdom of the political class to achieve prosperity through economic control.  Their failure is massive and evident.  I challenge them to relinquish their control, and watch the creativity and judgment of free citizens surpass their own.

I do not believe the wealth of a free citizen belongs to the government, to re-distribute in accordance with the moral judgment of the elite. 


Proving a Negative

Again, the meme of "it could have been so much worse".  But it was not so much worse because it was, IMHO.

Let's take the "Major Spike in Oil Prices".  A major spike in oil prices DID happen.  At the bottom of the recession, oil fell to on the order of $30-$40 per barrel.  It peaked at over $100, fell slightly, but is on its way back up.  I'd call that a major spike (call me crazy).  The ONLY reason it is not higher is the slow economy.  And the Administration has made no real effort to improve the situation (releasing oil from the Strategic Reserve is not a "real" effort).

The Financial Panic in Europe has not happened....yet.  The Greek crisis still has the ability to sppread to the rest of Europe.  Do not count this one as "done".

Runaway Inflation is again something that has not happened only because the economy is slow.  If it heats up, expect inflation to do the same.  And food prices will not come down until two things happen:  energy prices fall and we stop mandating the use of our food supply for our fuel tanks.

I am not at all confident that the stock market is in a true uptick.  Maybe it is, but I have serious doubts.  Earnings are up slightly, but it is a short trip back into the tank with nearly 10% unemployed.

I do believe a "housing led depression" is no longer a potential scenario.  The market seems to have stabilized at some sort of bottom, but it is not rebounding much at all.  Had the feds allowed people to go to foreclosure, I believe we would be out of that part of the mess already as bargain hunters sucked up the bargains.

Read the article and make up your own mind.  On the way up?  Or stuck near the bottom?

Friday, July 1, 2011