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MAYBE OBAMA WAS RIGHT TO IMPOSE AN OFFSHORE DRILLING MORATORIUM ...

While it is popular in conservative circles to denigrate President Barack Obama and his Administration for poor judgement, corruption and a general drift towards European-style democratic socialism, sometimes it appears that they do something right for the nation.

I have just finished reading the prepublication copy of the National Academy of Sciences publication “Macondo Well-Deepwater Horizon Blowout: Lessons for Offshore Drilling Safety” report.

Without commenting on the exact operational failures of the systems and procedures of the Deepwater Horizon, from well-design of the Macondo Well to the pre-catastrophe events and then the final disastrous event itself, it appears that certain controls and backup systems – as presently used aboard other drilling rigs – were poorly engineered, poorly maintained or failed to operate in the design environment.

While there was a significant loss of employment, income and availability of hydrocarbon products during the operational moratorium, it appears that the decision was the correct one – provided that the appropriate authorities; commercial, regulatory and administrative, assessed all of the operational equipment, personnel and procedures of the remaining operations and initiated corrective action where required.

After reading this report, it becomes readily apparent that this was not an isolated incident, a freak accident if you will, but an inevitable consequence of misreading situational evidence and poor decision-making.

Even if, by accident (no pun intended), the Administration managed to do the right thing – they should be given some credit for bucking the media and commercial interests and taking action.

However, if they did not do the requisite re-inspections, re-engineering and replacement of potentially faulty equipment or allowed themselves, once again, to be corrupted by the special interests; all of the time, effort, money and lives lost in the Gulf oil spill will have served no apparent purpose.

The report itself makes fascinating reading and the recommendations are necessary for a petroleum industry that appears to make some decisions based on economics rather than ultimate safety. It is not that they deliberately set out to hurt people, damage equipment or impair production, but more like they are playing a statistical game of probabilities much like the old wildcatters who gambled everything to bring in a well.

Bottom line …

We need to take a wait-and-see attitude to find out if there is any evidence that the Administration has actually changed engineering specifications and operating parameters for deepwater oil drilling before we excoriate Obama for his “apparent” over-reaction to the Gulf drilling disaster.

-- steve


“Nullius in verba”-- take nobody's word for it!
"Acta non verba" -- actions not words

“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw

“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”

“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS

"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius

“A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell

“Fere libenter homines id quod volunt credunt." (The people gladly believe what they wish to.) ~Julius Caesar

“Describing the problem is quite different from knowing the solution. Except in politics." ~ OCS


HENRY WAXMAN ON CLIMATE CHANGE: I CALL BULLSHIT!

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I am normally suspicious when politicians mail me their self-congratulatory “Reports to the Community” …

One of the things that irritates me the most is that politicians have a penchant for misstating scientific fact in support of politically motivated public policies which would not survive the light of day were it not for being coated in the false piety of science.

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Climate change is the defining environmental
challenge of our time.

No! The defining environmental issue of our time is the corruption of the political process and certain portions of scientific inquiry relating to climate for the political purposes of making onerous public policies that disadvantage the public in favor of the politicians and the special interests who fund their campaign and back their efforts to gain or maintain political power.

More specifically, promoting profit-making schemes which allow gross polluters to continue polluting our land, water and air by purchasing indulgences which are nothing more than a “tithe” to the powers that would allow them to continue their affront to good stewardship of our planet.

Is there nothing more egregious than not providing clean water and sanitary facilities to those who live in substandard conditions? Just this issue alone is the defining environmental challenge of our time.

We know greenhouse gases in the atmosphere heat the planet, and we know humans are releasing large quantities of greenhouse gases, which are accumulating in the atmosphere and the oceans.

First, we must question the statement “we know” because it assumes facts not yet in evidence and highlights the fact that there is substantial evidence that climate change is a natural phenomenon and well beyond man’s present capabilities to influence directly. Man can adapt by altering location, shelter and clothing; but little else.

Second, greenhouse gases do not heat the planet. This is one of the most persistent canards that is patently and provably false. The most significant source of planetary heating is, of course, our Sun – which dwarfs any secondary sources by huge magnitudes.

As for greenhouse gases themselves, the most potent and prevalent of which is water vapor, they may absorb energy and re-radiate this energy in cooler conditions; but in no way are they a source of energy that heats the planet. If anything, they retard the cooling of the planet – delaying the escape of planetary heat to the colder atmosphere of space much in the same way a blanket does not heat a body, but slows the rate of cooling by preserving a portion of warmth already existent.

Third, while it is true that humans do emit “greenhouse” gases, it is a false conclusion that man’s emissions are having a deleterious affect on the climate or that man’s emissions are even measurable against the background of climate’s natural variability. The scale of man’s emissions is so unbelievably minute that they are almost imperceptible in the global scheme of things.

Forth, how many people know that there is a rough equilibrium between the amount of carbon dioxide (the greenhouse gas mostly cited by hyper-politicized climate alarmists) dissolved in the oceans and the concentration of atmospheric carbon dioxide? And it can be easily described by Henry’s law which posits:

“At a constant temperature, the amount of a given gas that dissolves in a given type and volume of liquid is directly proportional to the partial pressure of that gas in equilibrium with that liquid.”

Therefore, a rational explanation of the appearance of higher concentrations of atmospheric carbon dioxide is that it comes from the warming of our oceans; which, in and of itself, would be the natural consequence of a planet emerging from an ice age. Somewhat like opening a cold bottle of beer and watching the bubbles of carbon dioxide outgas and escape to a warmer region.

The best scientific information available
tells us that the planet is in fact warming, and as
warming continues, floods, wildfires, heat waves,
and extreme weather will increase and intensify. The threatened damage and costs are enormous.

Much of the scientific literature in the area of global climate change has been produced by a small number of extremely powerful scientists. Unfortunately, this group has been somewhat discredited for their manipulation of data and the scientific process. In effect subverting the benefits of peer review and competing hypotheses.

Many scientists who work for institutions and projects which receive massive funding from partisan political governments are afraid to risk their current and future livelihood by directly challenging the system. I am not saying everyone’s work is scientifically tainted; but I am saying that there is an inherent bias in selecting which scientific projects will be funded and that honest work produced by honest men can be combined in such ways that the conclusions cannot be fully justified by the underlying science.

While it is easy to suggest that increasing temperatures – actually increases in available energy – result in the possibility of stronger climate-related event; how many people actually explain that the rising costs are a function of building in known areas susceptible to extreme weather events and that the costs are directly proportional to the population and structure density in those areas. Or, in the case of developing nations, the paucity of inadequate building codes and the cost of engineering and materials.

Who in the right mind would rebuild the City of New Orleans knowing that much of the land was under sea level and that there will always be some extreme weather event or accidental mistake which will result in levee breaches and flooding? By all means keep New Orleans as a deep water port with great commercial value; only build residences on high grounds that are not susceptible to flooding. Of course, you need to also built them to withstand the ferocious winds of periodic hurricanes and tornados.

The basic foundation for action is an acknowledgement that there is a problem that must
be solved.

And we should acknowledge the the primary problem is political corruption in Congress and the Administration.

We cannot effectively meet this challenge unless we understand and accept the best scientific information.

The best scientific information is yet to come and the only conclusion from reading the scientific literature is that more study needs to be forthcoming.

How many people understand that the entire hypothesis of global warming is based on incomplete and flawed computer models that are based on questionable assumptions, use highly manipulated data and whose output cannot be verified by observation? How many people know that the timeframes for historical data analysis appears to be chosen to favor politically acceptable results and that using extremely short timeframes, geologically speaking, is next to useless when attempting to predict future climatic behavior?

Yet, in the current Congress the House is moving in the opposite direction. It has voted 21 times to block actions to address climate change, including passing legislation that would:

• Deny that "climate change is occurring, is caused largely by human activities, and poses signifieant risks for public health and welfare.”

Perhaps because that climate change is primarily caused by nature and that human activities are so negligible as to be unmeasurable against the background of natural climate variability.

• Block the Environmental Protection Agency's regulations to cut global warming pollution.

Perhaps that is because the Environmental Protection Agency appears to be run by radical extremists who believe their mission is one of fundamental transformation of American society and who have already decided that the end justifies the means; and thus are ready to use any means, fair or foul, to achieve their political goals.

• Repeal the Environmental Protection Agency's (EPA) authority to regulate greenhouse gases.

Considering such an effort would give an unelected, radical extremist group unlimited and unsupervised power, this is a good thing. There are some who consider the EPA so out-of-control as to suggest that the only solution to the hyper-politicization is to abolish the Agency altogether.

• Eliminate the EPA's greenhouse gas registry.

This is a nonsensical effort to keep track of carbon dioxide by rather dubious means. It would be tantamount to tracking the hydrogen, oxygen and nitrogen found in the air. Carbon dioxide is not a pollutant, but a necessary component of life – to demonize it for political purposes is not only insane, but morally and ethically wrong.

• Prevent the National Oceanic and Atmospheric Administration from creating a Climate Service.

There is no reason for the continued subversion of an Agency which was charged with apolitical scientific measurements by expanding its mission into hyper-partisan politics.

In 1992, I introduced the first global warming bill
ever proposed in Congress. In 2009, the House of
Representatives passed "The American Clean Energy
and Security Act (also known as Waxman/Markey),
a comprehensive energy policy that was designed to
make our nation the world's leader in clean energy
technology and create millions of new jobs.

I was deeply disappointed the Senate failed to consider this legislation and will continue to push hard for our transition to a clean and energy efficient future.

For more information about the anti-environmental
votes the House has taken this year, please visit
<link deleted>

Bottom line …

We need to stop the nonsense surrounding global warming or whatever these hyper-partisan political jihadists want to call it today. And we need to realize that science is not based on a consensus – and that cherry-picking timeframes is not objective science.

There is no doubt that there is climate change, the change is part of a chaotic climate system and that man needs to respond to the challenges of climate, whether it is warmer or colder. Historically, the planet has been hotter, cooler and with lesser and greater concentrations of atmospheric carbon dioxide. Since carbon dioxide lags temperature rise, it can hardly be causal as the politicians suggest. I am all for studying the phenomena, but with science institutions and scientists who are untainted by massive amounts of money based on preconditioning the results.

When I was growing up, there was a time when Henry Waxman was an honored name in my house. My parents, now deceased, were old-fashioned democrats who believed that the party stood up for the ordinary citizen against the hypocrisy of those who would subvert the political system.

Now we find that the democrat party has become the problem, trying to impose fundamental transformative change on America in order to turn us into the political equivalent of a European social democracy ruled by the politicians, unions and oligarchs whose interests are intertwined with that of the government. The party was always left of center; but not so far left as to see socialists and communists openly welcome in the White House.

We need to stop this nonsense now. I would suggest that all democrats be removed from office and be replaced, not by republicans – because that raises the same issues – but by constitutional conservatives who view socialists and communists as the enemy.

I am not telling you how to vote, but this may be the last real opportunity we have to repeal, reform and repair that which has been done to our beloved America.

-- steve


“Nullius in verba”-- take nobody's word for it!
"Acta non verba" -- actions not words

“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw

“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”

“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS

"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius

“A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell

“Fere libenter homines id quod volunt credunt." (The people gladly believe what they wish to.) ~Julius Caesar

“Describing the problem is quite different from knowing the solution. Except in politics." ~ OCS


Barack and Michelle: Just folks like you ...

I couldn’t stop laughing over this Obama campaign e-mail …

“Beyond the titles, it's easy to forget sometimes that our President and First Lady are, when it comes down to it, regular people like us.”

I don’t know about you, but I certainly wasn’t handed an affirmative action career with every step financed and managed by dubious mentors; mostly Marxists, terrorists and political thugs and some with affiliations to the communist party.

I haven’t asked my “people” to spend millions of dollars hiding my birth certificate and other personal information from others.

I haven’t – and would not given the opportunity – bow and scrape before thuggish dictators while apologizing for America’s past actions.

I do not delegate the important positions of my life to others and then pop-off for a little B-ball, golf or an expensive taxpayer-paid vacation.

For all appearances, Obama does not like to mingle with Congressmen and Administration officials, let alone the general public. So any invitation to dinner is part of a campaign stunt.

As far as I can tell, he is a ego-centric narcissistic elitist who believes it is his duty to lecture us on how we should live our lives.

So going to dinner with Obama is not on my agenda …

Capture12-19-2011-6.14.24 PM

Beyond the titles, it's easy to forget sometimes that our President and First Lady are, when it comes down to it, regular people like us.

So I'd encourage you right now to enter our contest to do what few people will ever get to do -- not just have dinner with the President and First Lady of the United States, but have dinner with Barack and Michelle Obama.

Here's the link to throw your name in the hat for dinner with Barack and Michelle: <link removed>

This dinner isn't just some sweepstakes -- it's also a way to help build this campaign just days before our Republican opponents start competing in primaries and caucuses, and inevitably step up their attacks on the President and our campaign.

So make sure to enter before the deadline, and to spread the word to a friend or two -- if someone you tell about this opportunity ends up winning, I'd guess you'd be at the top of their guest list.

Thanks,

Julianna

Julianna Smoot
Deputy Campaign Manager
Obama for America

Bottom line …

The sooner we remove this Marxist elitist and his fellow travelers from the government, the better.

And truth-be-told, he doesn’t need your money – his Marxist buddies have seen to that. What he needs is your precious vote to ratify his evil agenda which will move America closer to European-style democratic socialism. A society controlled by the government, the unions and the oligarch-like special interests.

-- steve


“Nullius in verba”-- take nobody's word for it!
"Acta non verba" -- actions not words

“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw

“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”

“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS

"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius

“A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell

“Fere libenter homines id quod volunt credunt." (The people gladly believe what they wish to.) ~Julius Caesar

“Describing the problem is quite different from knowing the solution. Except in politics." ~ OCS


Rethinking Newt Gingrich as a GOP contender ...

Every once in a while, I read something that make me review my past assessment of a candidate that I may have actually supported. Today’s think piece comes from Alan Caruba, a professional writer with a flair for conservative thinking. Here is a re-post of his thoughts on Newt from his blog “Warning Signs.”

Like Caruba, I find Newt Gingrich a stimulating candidate and one that I would very much like to see debate President Obama – rendering him as speechless as Rahm Emanuel without his middle finger.

I have highlighted the areas that present, in my opinion, the greatest concerns and considerations that speak to reasons to select another GOP candidate.

Warning Signs …

No Newt, Now or Ever

Back in March I wrote about “The Newt-ster” and ended by saying, “I like the Newt-ster. I just don’t want him to run.” I still don’t.

As Speaker of the House and since, Newt’s legislative record has been all over the political spectrum. He has long been known to have various enthusiasms that he later abandons.

Though Newt did get welfare reform, then-President Clinton played him like a fiddle, getting him blamed for shutting down the government. Then the House Democrats finished him off with a plethora of ethics charges, most of which were dismissed, but he ended up paying a fine for one and resigning.

He has been ethically challenged in both his political and personal life. That kind of behavior rarely changes.

His main claim to fame was engineering the return to power in Congress by Republicans after forty years of Democrat rule. He co-authored a Contract with America, organized the Republicans in Congress to get behind it, and power switched hands in 1994. President Reagan who held office throughout the 1980s demonstrated how much can be accomplished by real leadership even with a Democrat-controlled Congress.

I have a major warning to offer regarding Newt Gingrich and I say it as someone who has studied history and witnessed a big chunk of it. Whenever the U.S. has elected an intellectual, it has suffered.

The most notable example is Woodrow Wilson, a former New Jersey Governor and president of Princeton University. His legacy includes the implementation of the income tax and establishment of the Federal Reserve. He wanted the U.S. to ratify the League of Nations, but the Senate rejected it for the same reason it should have rejected the United Nations.

Before him, Teddy Roosevelt, a man of action as well as intellect, was a progressive whose own party would not nominate him and who formed a third party which the voters rejected. This is not to say men of superior intellect have not been President, but the office calls for both leadership and the pragmatic capacity to understand “the real world” as opposed to the world of the mind. It also requires real courage.

Throughout history, men of intellect have concocted some of the worst systems to control the human population which they generally regarded with contempt. Karl Marx comes to mind. Generally speaking, intellectuals distrust the common sense of a humanity unencumbered by idiotic laws. These days the process of control is referred to as “social engineering.”

Obamacare is an example of social engineering and all the wasted billions on Green or renewable energy is another. The pathetic efforts to stamp out the use of the word “terrorism” from government pronouncements as well as the idiotic “Fast and Furious” gun-running program to undermine the Second Amendment are two more. So far as the federal government is concerned, there is no aspect of our lives in which it does not want to interfere or require obedience. Incandescent light bulbs anyone? The volume of water in a toilet? Nutritional standards? It is endless!

Gingrich began his career as a professor of history and his present rhetoric reveals his penchant for lecturing audiences while demonstrating his intellectual prowess. He is an engaging speaker, but behind it is a life spent being on both sides of most issues and often on the wrong side. Since leaving Congress he has been a well-paid “consultant” to anyone seeking to eat from the federal trough.

A glaring example of his willingness to embrace really bad ideas was his book, “A Contract with the Earth” which espoused all the usual environmental claptrap that assists and underwrites the horrid Green legislative agenda to limit carbon dioxide emissions for the real purpose of harming economic growth.

A Wikipedia synopsis describes the book thusly: “’A Contract with the Earth’ is, broadly, a manifesto that challenges those on the right to provide a strategy for repairing the planet and calls on government to embrace the concept that a healthy environment is required for a healthy democracy and economy. This approach, alternately branded mainstream and entrepreneurial environmentalism by the authors, requires that companies should lead the way in environmental issues while governments provide them with incentives to reduce their carbon footprint.” (Emphasis added)

Carbon footprints are an absurd concept conjured up by the same crowd that tried to impose the Kyoto Protocols on nations in 1997. As of the recent UN conference on climate change, most nations have signaled they will, having signed on, ignore it, along with China which was exempted along with India. Canada will drop out. And the Protocols will be consigned to the dustbin of history along with “global warming.”

Newt has never found some absurd intellectual notion that he would not embrace, short of Communism. He was dismissive of the congressional Republican proposals to reduce spending as “right wing social engineering” when many understand that they represent the best way to extricate ourselves from the enormous debt the Obama administration has imposed on the nation and the necessity of restructuring Medicare.

In short, he could just as easily run as a Democrat as a Republican and, if nominated, would be utterly destroyed by Barack Obama and the Democrat machine in the same way Obama dismembered Hillary Clinton’s bid in 2008.

A December 15 poll by Rasmussen Reports found that Gingrich “now trails President Obama by double digits, his second straight weekly decline since becoming the GOP frontrunner.”

If, by now, you have concluded that I distrust intellectuals and most of the ivory tower academicians, you are right. Since the 1960s many of left-wing ideologues---protesters---found their way onto the faculties of the nation’s colleges and universities, and it is why the teacher’s unions have done everything in their power to eliminate the truth about American history from the curriculum.

No Newt now or ever is my slogan and I hope he is rejected by sensible Republicans in the forthcoming primaries.

© Alan Caruba, 2011 <Source>

Bottom line …

Not only do I enjoy reading Alan Caruba’s Warning Signs, I tend to agree with him; especially in matters involving the progressive's global hoax that is global warming.

The unflattering portrait of Newt that Caruba paints is one of a mercurial opportunist whose “free market solutions” always seem to have a “big government” component.

My biggest concern, however, was Gingrich’s attempt to spin his $1.6 million Freddie Mac consulting engagement as an exercise in capitalism. There is no way to spin the fact that Freddie Mac and its much larger counterpart, Fannie Mae, has pursued every opportunity to engage and motivate Congress to expand their fundamental mission and loan limitation caps.

I see Freddie Mac employing Newt Gingrich as an historian much the same way I see that Fannie Mae employed House Financial Services Committee member Barney Frank’s boyfriend/lover for his financial acumen and then assigned him to “unofficially” lobby the House Financial Services Committee. Perhaps Michelle Bachmann said it best, “Consulting or lobbying, it’s all influence peddling.”

I have changed my mind when it comes to Newt Gingrich. I am sorry to see this dynamic debater drop from my consideration, but if it helps the GOP beat President Obama in 2012 I will gladly push him off the platform and under the bus.

-- steve

Newt’s sinking fast …

Capture12-19-2011-1.31.59 PM

Reference Links …

Alan Caruba’s Warning Signs


“Nullius in verba”-- take nobody's word for it!
"Acta non verba" -- actions not words

“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw

“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”

“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS

"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius

“A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell

“Fere libenter homines id quod volunt credunt." (The people gladly believe what they wish to.) ~Julius Caesar

“Describing the problem is quite different from knowing the solution. Except in politics." ~ OCS


MF Global: Déjà vu all over again ...

After viewing a number hours of direct testimony by officials of MF Global and others before Congress, I am struck by the disingenuous behavior of Members of Congress, the Administration, the financial community and the financial media.

This entire situation is almost a mirror image of what occurred during the broader financial meltdown.

There were the ratings agencies who knew weeks before their disclosure that there might have been problems with MF Global and their overwhelming and overleveraged bet on foreign sovereign debt. And it was the pronouncement of a “ratings downgrade” that precipitated an investor and counterparty crisis of confidence in MF Global, much in the same way an old-fashioned bank run is created.

There were the accounting gurus who, while openly enabling ENRON-type accounting, once again had put forth rules that allowed MF Global’s “Repurchase to Maturity” securities to be treated as sales rather than financings and that made it legal to allow these transactions to be held “off the balance sheet.” Thus burying the transactions in the footnotes of voluminous official filings and disclosures.

There was the widely touted Sarbanes-Oxley legislation which criminalized executive behavior for knowingly signing-off in a financial statement that the executive had reason to believe was incorrect. In which executives claim that they relied on the representations of honest brokers and various third-parties to attest to the accuracy of the statements and disclosures they were signing.

There were Congressional hearings to demonstrate to the American public that Congress was taking the MF Global situation seriously and was considering even more legislation to prevent further situations of this nature. Of course, these hearings were mostly smoke and mirrors with legislators asking questions to which there were no coherent answers. Such answers could not be rationally provided until the end of an multi-jurisdictional investigation and a forensic audit of all accounts. Accomplishing nothing except reminding one of Shakespeare: “Told by an idiot, full of sound and fury, Signifying nothing.”

The failure of the regulatory agencies to detect wrongdoing or even provide adequate explanations of what had taken place after the fact. It turns out that one regulatory agency only audits the self-regulating group who is responsible for firms like MF Global. Only occasionally looking directly at companies such as MF Global; and only then to determine the adequacy of the self-regulators audit capabilities.

Who has the money?

Policies, Procedures and People form a system of safeguards and controls against accidental or deliberate wrongdoing. People who actually transfer money using computer terminals are tightly controlled, must work under direct supervision and have the appropriately-signed paperwork before initiating a transfer. The idea that some rogue clerk decided to transfer funds to save a company in crisis is almost incomprehensible.

At this point in time, there are a number of working scenarios:

Money was borrowed from a foreign subsidiary or third-party and when the money was not paid back, this party simply withheld funds legitimately due to the firm which precipitated a cash crisis.

A temporary loan was arranged using client securities plus an additional buffer amount as collateral – something that can be permissible under certain circumstances – and when the loan remained unpaid, the customer’s collateral was converted to cash, thus producing a shortfall.

Believing that his was a temporary cash flow problem that would be resolved within a week, someone authorized the transfer of funds from segregated customer accounts to the firm’s accounts – thus making a huge “Las Vegas” bet that the funds would be returned and the accounts would be balanced before anyone was the wiser. Unfortunately, the firm was caught off-guard by a ratings downgrade and the counterparties holding the firm’s money simply delayed transferring the funds back to the firm. Possibly protecting themselves against a bankruptcy filing if the firm went South.

This one has nothing to do with the Federal Reserve …

“Fed Chairman Ben Bernanke today characterized the downfall of MF Global as an “idiosyncratic” case, and he made clear other regulators — not the Fed — were responsible for oversight of the failed brokerage.” <Source>

MF Global: Not to big to fail or simply doomed by circumstance?

Did the Obama Administration fail to bailout one of its fellow progressives – Jon Corzine, the man who was touted to be Treasury Secretary Tim Geithner’s replacement – because they could not afford to have another financial brouhaha so close to an election year? And especially since Corzine was the former CEO of Goldman Sachs – a firm whose alumni appear to be found at every level of the Obama Administration?

Bottom line …

Where are the progressives who would be calling for the CEO’s head had Jon Corzine been a Republican?

Why the front-loaded Congressional Hearings when the basic facts are unknown and Corzine and his cohorts are claiming that their inability to access company records is the reason they are unresponsive to Congressional questions and refuse to even speculate on an answer?

People, certainly at the ratings agency, knew what was about to happen. I wonder if any of this information was passed to politicians in Congress who, as we just found out, are not subject to “insider information” regulations should they trade on non-public confidential information.

What are we likely to learn? That the responsibility has been so diffused that no executive can be held accountable? That the firm’s insurance carrier will pony up money to the bankruptcy trustee if there is truly a shortfall. The firm’s customers will be made whole – by hook or crook – and the matter will fade from public view?

In my opinion, it all depends on if honest brokers get elected to the House, Senate and the White House this coming year. Without any reversal of legislative or administrative policy, the only ones hurt will be, once again, the public consumer.

-- steve


“Nullius in verba”-- take nobody's word for it!
"Acta non verba" -- actions not words

“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw

“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”

“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS

"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius

“A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell

“Fere libenter homines id quod volunt credunt." (The people gladly believe what they wish to.) ~Julius Caesar

“Describing the problem is quite different from knowing the solution. Except in politics." ~ OCS


Who won the replay of the Fox News Presidential Debate?

The re-broadcast of the December 15th Fox News Republican debate has given me a chance to revisit the the debate and its reception among conservatives and others.

Newt Gingrich was the recipient of an attack on selling consulting services to Freddie Mac, the government sponsored enterprise who was at the heart, along with Fannie Mae, of the mortgage meltdown. Michelle Bachmann probably had the best shot by saying that there is little difference between consulting and lobbying because it is all related to influence peddling.

Newt’s big misstep was suggesting that errant judges should be called before Congress to explain their decisions. Something that would upset the balance of power among the branches of government.

Newt’s big moment was calling out the President for the incomprehensible action of threatening to kill American jobs and prosperity by vetoing the Keystone Pipeline for environmental reasons.

Mitt Romney took the high road and refused to attack Newt Gingrich when presented with the perfect opportunity. Another solid performance for this "presidential appearing" candidate.

Ron Paul donned his “tinfoil hat” and believes that there is no evidence that Iran has a nuclear capability that is problematical and that this is just more “war talk.” I wonder if Ron Paul is simply fund-raising to advance his son’s political career.

Rick Perry was more engaged and energetic, but his solid performance did not rise to move him into the top tier.

Michelle Bachmann still does not appear to be Presidential as she claims she is the sole conservative on the stage and will immediately attack Obamacare and Dodd-Frank.

Rick Santorum – the true conservative with leadership experience remains bland. With little money and no organization, it appears that he may doing this for practice – planning a future run or auditioning for the position of Vice President.

Jon Huntsman appears to be a diplomat that is well-versed in Chinese relations, but is not a standout performer when it comes to moving beyond sound bites on the economy.

Bottom line …

Almost every person on the stage, with the exception of Ron Paul, could beat Barack Obama. While it may come down to an issue of “electability” rather than specific financial, social or foreign policy issues, it appears that the actual race has now tightened to Gingrich, Romney, Perry and possibly Ron Paul as comic relief.

-- steve

Reference Links …

Who Won the Fox News Presidential Debate -- December 15, 2011?


“Nullius in verba”-- take nobody's word for it!
"Acta non verba" -- actions not words

“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw

“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”

“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS

"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius

“A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell

“Fere libenter homines id quod volunt credunt." (The people gladly believe what they wish to.) ~Julius Caesar

“Describing the problem is quite different from knowing the solution. Except in politics." ~ OCS


Global Warming: The climate alarmists have chosen politics over science ...

Any rational person with scientific training will explain that weather is a chaotic system controlled by the supreme forces of nature and any attempt to predict future behavior or modify conditions are doomed to failure due to the magnitude of the forces involved.

And that the progressives have subverted science to push their toxic political agenda which sees a much larger, stronger central government, more dictatorial central planning, a higher portion of a person’s labor confiscated in higher taxes and consumer goods and services – and, worst of all, a continuing loss of individual freedom to make our own choices as how best to live our lives.

I, for one, am tired of the “don’t do as I do, do as I say” asshats who are pushing this clear and present danger to life in America. People who are well-insulated – by position, money, power and connections -- from the vagaries of life and from the actions they propose.

Therefore, I would like to point out how this pseudo-science creeps into legitimate discussions of everyday events until it becomes accepted as “conventional wisdom.”

From the Sacramento Bee …

Pressure system muddles La Niña rain outlook”

“La Niña is back in control of California's weather, and like last winter, her temper seems to be flaring.”

It's been a strange La Niña,’ said Ken Clark, a senior meteorologist at AccuWeather based in Southern California. ‘It's playing havoc with our precipitation amounts so far. We've got a lot of signs that were right on track, but the weather pattern's been kind if screwy.’"

Anthropomorphizing a weather condition as if it were a capricious sentient being rather than simply suggesting that the weather pattern is deviating from the “predictions” of the forecasters would be a more honest response. The weather is reality – what is, IS – and the fault lies within the inaccuracies and inabilities of the forecasters.

“What's screwy is a high-pressure system parked offshore of Northern California, diverting storms around the region and into Southern California instead. That's not normal La Niña stuff.”

Screwy? Is that a scientific term for when predictions are not confirmed with reality? And it a chaotic system, there is no “normal.” Where probabilities and possibilities are described by statistical terms, each with a margin or error. Again, the weather is reality and the predictions are just that – predictions based on our current and limited understanding of the underlying phenomena.

“La Niña is a periodic cooling of the equatorial Pacific Ocean that causes the jet stream to arc far to the north. It is a fickle phenomenon in California because the position of the jet stream determines whether the state is wet or dry in La Niña conditions.”

Fickle? Hardly a scientific term describing nature’s infinite variability in a chaotic system.

It all sounds so “scientific” …

“In Central California latitudes, including Sacramento and Lake Tahoe, the outcome is often a tossup.”

“Last winter's La Niña was wet and snowy, partly because other phenomena pressed the jet stream well south. Among them: a negative Arctic oscillation, which pushed bitter northern cold into the United States, and a periodic cooling of the North Pacific, known as the negative phase of the Pacific decadal oscillation, which amplifies a La Niña effect.”

“The Arctic influence is not in play so far this year, but the Pacific oscillation remains negative.”

“More importantly, La Niña itself is tamer than last year. The National Weather Service calls this winter's version moderate.”

The truth is that much of science is rear-facing; looking at the historical patterns and trying to impute meaning – and then using this partial understanding to create testable hypotheses about future events. The key issue being our current and partial understanding of the underlying physical processes in climate science.

“Even so, in a prediction for the December through February period, released Nov. 30, the Weather Service predicted wetter-than-normal conditions for California roughly north of Sacramento.”

Bill Patzert, a climatologist at NASA's Jet Propulsion Laboratory in Pasadena, agrees with that prediction.

"’I would say, look for the impacts of last winter, but muted,’ he said. ‘I don't see mammoth breaking news again.’"

First, do not confuse the musing of well-credentialed scientists working at government-sponsored and well-respected institutions with credibility. Credibility only comes from the testing of hypotheses and having a high degree of correlation and confidence that the description matches the observed phenomena. Whether or not the process can be extended to accurately predict the future is often questionable. Second, my best advice is to test each of the assertions without regard to those making the assertions as science is definitely not performed by consensus.

Dr. Patzert is an oceanographer who is often called the "Prophet of California climate" by the media. “His research is focused on the application of NASA satellite data to improving our understanding of our planet's climate and important environmental problems ranging from developing El Niño, La Niña and longer-term climate forecasts to monitoring the health of coral reefs.” But it should be recognized that Dr. Patzert’s agreement with specific weather-related assertions often comes with the caveats and disclaimers that appear to keep the scientist’s work credible in the face of the unknown.

“Last year's big La Niña broke a three-year drought in California. Recent history has brought the state other big winters that falsely promised to end a drought that proved longer lasting; but forecasters don't seem worried about that yet. The state's reservoirs are still splashing with last winter's bounty, and winter hasn't even officially begun yet. That happens Dec. 22 with the winter solstice.”

Again with the anthropomorphism, nature does not promise anything – so there can be no false promises; only deviation between reality and the forecaster’s best efforts.

“Anybody brave enough to make a 10-day forecast, however, sees no break in the current cold and dry conditions.”

Bravery has no place in the recordation of observable phenomena unless you are on the precipice of an active, lava-spewing volcano or in truly hostile climates collecting data for your research. Extending a forecast beyond prudent bounds, without understanding the physical process and having verifiable supporting data is about as brave as the fortune teller explaining your future.

"’We're thinking it will be later in December and more into January and February when things really pick up,’ Clark said.”

“Once the pattern does change, officials will be bracing for the kind of extreme events that have made La Niña famous.”

“California's Central Valley has seen many of its most extreme flood emergencies during the Pacific's cool phase, not its warmer El Niño sibling. Weather experts say atmospheric rivers, of which the feared ‘Pineapple Express’ is but one variety, are more likely in La Niña years.”

This is where I should point out that climate-related emergencies result from the lack of proper prior planning by humans who tend to ignore empirical evidence of potential “extreme” weather events and put both human life and structures in harm’s way. How else can you reconcile the absurdity of rebuilding New Orleans below sea level and dependent upon man-made structures for protection? Or continually rebuilding sea-side homes when repetitive storm damage produces repetitive insurance claims – driving costs up for all insurance pool participants.

“An atmospheric river is California's version of a hurricane, the difference being that the water and wind are strung across the Pacific Ocean from the tropics like a fire hose, rather than concentrated in a swirling mass.”

A nice turn of phrase to evoke a mental image of a physical phenomena which is hardly comprehensible to the average person.

Enter the radical politics …

“Scientists say such extreme weather events are becoming more common due to climate change. It is a creeping effect that is difficult to measure, said Thomas Peterson, chief scientist at the National Climatic Data Center in North Carolina, an arm of the National Oceanic and Atmospheric Administration.”

So what? The climate will be whatever nature dictates. The combined forces of the Sun’s output, the location of Earth with respect to the Sun, our planet’s rotational dynamics, volcanic activity and plate tectonics, the deep ocean currents, and the effects of the greatest greenhouse gas, water vapor – all tremendous forces beyond man’s capability to influence in any measurable way.

“Borrowing a metaphor from another researcher, Peterson compared it to a home-run hitter who starts taking steroids. As the drug's effect begins to take hold, you might see a slight increase in homers, but no clear pattern gives away the cause.”

A bad analogy. We can test athletes for artificial stimulants and ban their usage. There is no such ability when it comes to the weather which is presented to us mere mortals as a “take it and adapt” or “reject it and die” basis.

“Another season or two go by, however, and suddenly there's a string of home-run records to look at and you can see that a change has clearly taken place.”

Again, it is a bad analogy. One, it assumes that there is a correlation between homers and steroid use. On this basis, should we make the possibly false assumption that steroids – not improved skill, increased natural strength, ballparks and poor opponents may play a part in producing more homers? Should we tell the public we know that this correlation is true and should comprehensively test every batter who hits above .150?

“Greenhouse gases are like the steroids of the atmosphere, Peterson said, and we're only now beginning to notice the patterns.”

Let us concentrate on the known science for a moment. Greenhouse gases do not contribute to the warming of the Earth as they, in and of themselves, do not add additional energy to the climate system. If anything, they delay the cooling of the Earth during night much as a blanket helps a body retail heat during colder temperatures. This can be observed at the tropics where delayed heat and increased moisture produce muggy nights.

You can also notice the inferential tone which implies global warming is a bad thing; which is far from the truth as periods when we have experienced warmer temperatures and greater concentrations of atmospheric carbon dioxide has been extremely beneficial to mankind.

“NOAA reported last week that the nation set a record in 2011 with a dozen extreme weather events, measured as those that caused at least $1 billion in damages.”

If NOAA were a straight-up scientific organization, perhaps they should have added an observational caveat. Man’s locations of increasing density of populations is areas of weather-susceptible events is the proximate cause for larger damage costs and it is unrelated to the climate change which is normal and customary.

"’Heavy precipitation is definitely increasing. Heat waves are definitely increasing. Both are attributable to climate change,’ said Peterson. ’We are changing the weather. Absolutely.’"

Someone should provide Peterson with a dose of reality.

One, weather is constantly changing and infinitely variable. With or without man’s permission or puny inputs.

Two, the fact that weather is not better understood or predictable by forecasters is a human failing. Nature is what nature is.

Three, there will be periods of greater storm activity just as there will be periods of lesser storm activitiy. Using past data, much of which is inaccurate or highly manipulated by researchers, there is proof only that the weather is variable.

Four, it is normal and customary to see a rise in temperatures as the Earth exits the Little Ice Age. And such rising temperatures are likely to warm the oceans and produce the type of outgassing of dissolved carbon dioxide as to raise the concentrations of carbon dioxide in the atmosphere. So nature is what nature is.

And five, there is no absolute proof that we are changing the weather – as any signal of manmade activity is obscured by the natural variability of the climate pattern itself. Anyone who makes such absolute assertions is either a fool or disingenuous about his personal, professional and political agenda.

Bottom line …

Corrupt individuals are trying to sell the American public on allowing draconian changes to our capitalist system, government operations and way of life based on speculative science promoted by a very small cadre of committed scientist/activists whose reputations and continued livelihood depend on upholding a scientific fiction to support the politicians who fund their activities.

We are seeing the unprecedented corruption of the media, government, politicians and science. We need to repeal, reform and restore that which is what makes us Americans and not some unexceptional third-world banana republic.

2012 is rapidly approaching and if mankind is doomed, it will be from the political choices now being made and not the climate.

-- steve

Reference Links:

Pressure system muddles La Niña rain outlook - Sacramento News - Local and Breaking Sacramento News | Sacramento Bee

NASA: Meet Dr. William Patzert


“Nullius in verba”-- take nobody's word for it!
"Acta non verba" -- actions not words

“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw

“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”

“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS

"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius

“A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell

“Fere libenter homines id quod volunt credunt." (The people gladly believe what they wish to.) ~Julius Caesar

“Describing the problem is quite different from knowing the solution. Except in politics." ~ OCS


Who Won the Fox News Presidential Debate -- December 15, 2011?

Capture12-6-2011-9.58.13 PM

Gingrich, as before, stood his ground and answered all comers succinctly and effectively. Romney was rather bland and polished. Perry, Bachmann,  Santorum and Huntsman held their own but made no breakout moments. Ron Paul was his usual wackadoodle self on Iran and nukes and impressive on separation of powers between judiciary and other branches. Bachmann continued her attacks on Newt.

Venue: On December 15, 2011 six Republican candidates will meet for the Fox News  Republican debate to be held in the Sioux City Convention Center in Sioux City, Iowa .

Moderator: Bret Baier (News Anchor) with assistance from Neil Cavuto (Business), Megyn Kelly (Law/Political Science), Chris Wallace (General Reporting)

Format: Podium format.

Subject: General but with an emphasis on the economy and electability.

Still too many people! While we have a reduced field due to the suspension of Herman Cain’s campaign, there are still to0 many people on the stage to get a meaningful feel for the top-level candidates who reply in short sound bites and refer to off-air position papers at their websites.

Bias: None apparent.

Each of the candidates will have something to prove or a point to make …

Newt Gingrich. He has positioned himself as the smartest man in the room, offering real solutions which he is happy to enumerate and historical perspective on issues affecting America. He is now the presumptive frontrunner having bested Romney in a number of state polls and continues to resonate with the broader electorate. Newt needs to keep his focus on the issue, stay on message and keep his answers understandable and shorter. His greatest challenge will be to offset his prior personal, congressional and financial baggage that forms the basis of his opposition’s campaign. The major point that must be made is that he can actually beat Obama in 2012 despite the polls which show Romney beating Obama in an almost dead heat. We are wondering if he will attack Ron Paul’s foreign policy based on Paul’s strong anti-Newt commercials.

Mitt Romney. No longer the frontrunner, Romney remains presidential, patrician and mostly plastically passionless, Romney must prove to the American public that he is more than an expeditious politician willing to say or do anything to achieve office – this time around. And he must soundly attack Newt on substantive issues without looking petty. He must step beyond his comfort zone.

Ron Paul. Quirky and negative like someone’s doddering old uncle, Ron Paul must start putting forth plans and using statistics. There is a limit to simply saying “no,” it’s unconstitutional, and I will immediately save 1 trillion dollars. He must convince the American public that he is not a niche nutcase supported by overly-enthusiastic libertarian cultists. There is some question whether Paul will leave the Republican party to run as an Independent rather than support the nominee; something which makes him appear flaky.

Rick Perry. Perry is a self-described “poor debater” who needs to rise beyond looking like the third Bush to run for the presidency. His latest “Hail Mary” play for the evangelicals by slamming gays in the military and offering to stand up for traditional values is not enough. He must have a breakout performance or he is toast.

Rick Santorum, always pushing his conservatism, family values and political service. Unexciting and sometimes openly contentious, Santorum needs to prove to the American people that he is presidential in stature instead of a “me too” politician. This might represent a breakout moment for Santorum whose conservative folksy family values should resonate well among the audience. He is a true conservative, and unlike Ron Paul, does have a record of significant conservative accomplishment.

Michelle Bachmann. Conservative and pushing family values, Bachmann keys on repealing ObamaCare, Dodd-Frank and her unwavering support for Israel. Somehow, that does not seem enough. Look for Bachmann to be received well, like Santorum, where her conservative folksy family values will resonate. Even though she is a conservative, Bachmann’s factual errors makes her suspect.

Jon Huntsman. Huntsman is considered by many to be Romney-light with political experience paid for by billionaire Daddy’s connections and donations. While he is a bona fide diplomat, he does not appear to be a strong leader. His strong showing on a one-on-one debate on foreign policy with Newt Gingrich has seemed to revitalize his candidacy. Many traditional Northeastern GOP apparatchiks appear to support his candidacy although they will hold their nose while promoting Mitt Romney over Newt Gingrich. Even after serving Barack Obama as the Administration’s Ambassador to China – something that is not available without mega-cash campaign funding.

Donald Trump. Sorry, couldn’t resist throwing “The Donald” in the mix to see if you were awake. If there were a candidate with even less chance of obtaining the GOP or any other nomination than Ron Paul, it is the tough-talking self-promoting Trump.

The Players, comments and result …

Regardless of the candidate’s position on foreign affairs, the dominant factor remains who can beat Barack Obama.

WIN

CANDIDATE

COMMENTS

cyan_rightcyan_right Capture11-9-2011-8.43.36 PM
MITT
ROMNEY

I can get America right again. Spent life in private sector. Can debate Obama and draw from his private sector experience which Obama does not has.

Points out his 80% democrat legislature in Massachusetts and his ability to lead and work with all parties.

Vulnerable to charges of creative destruction of businesses as being hard-hearted. Attacked Obama rather than go after Newt. in the real world, some things work and some things don’t make it. I know how the economy works, the President doesn’t.

Says Ryan (R) and Wyden (D) came together and worked in a bi-partisan manner.

Free markets, not government, will decide which sectors will offer future opportunities. Thinks manufacturing will come back. Needs to open up energy sector. 

Romney nominated Democrats over Republicans to the court when Governor of Massachusetts. To get his nominees, he chose people who would pass democrat muster. Half of Justices on Supreme Court will be appointed by the next President. Can pass new Amendments and new laws to reign-in the courts.

Iran: Obama’s timidity and weakness invite aggression.  A strong America is what is required. America has to lead the world. Obama believes appeasement or accommodating tyrants makes the world safer – he is wrong. We need to strengthen America: economy, values, families and military. Modernize military.

Immigration identification cards – employer gets sanctioned if they employ illegal aliens. Get at the back of the line and apply to come here.

Supports gay rights, opposes same sex marriage; changed mind on issue of abortion; now pro-life; always supported the Second Amendment. More of a champion of gay rights than Teddy Kennedy. Looks like a expedient flip-flopper.

Romney claims he wanted legislation to define marriage as between a man and woman.

cyan_upcyan_up Capture11-9-2011-8.45.12 PM
NEWT GINGRICH
Electability is about believing what you are talking about, has big solutions. get the economy growing, understands foreign policy and the person to debate Obama.

Pushes seven three-hour debates with Obama.

Adequately handled the question of conservatism and focus.

Leadership is the key to overcome the Alinsky campaigner-in-chief. Shows leadership by working with Clinton to pass big reforms.

Promoted Freddie Mac’s model in the past – attacked Barney Frank and Chris Dodd abusing power. He was a private citizen engaged in business. Worked with Habitat for Humanity.

Some GSE’s do a number of good things. Did no lobbying.

Says what Bachmann asserts is factually untrue. Some people should have facts before they make wild allegations.

For breaking up Fannie Mae and Freddie Mac. Worked with people whose values he shared and having people able to buy a house is a value that is important in America.

A free society should make very big decisions with the support of the people. Gives Romney credit for helping to solve a Medicare issue.

Megyn Kelley on: subpoenaing judges to testify before Congress about certain decisions they make. Advocate impeaching judges or abolishing courts . Will this alter checks and balances?  Courts have become grotesquely dictatorial, far too powerful and too arrogant in misreading the American people. We do not have a judicial dictatorship in this country and we need to rebalance the three branches of government. Prepared to take on the judiciary.  No nine people can make law in our country – that would be the end of our freedom.

Would not leave the U.N. but would reform the relationship.

President is totally irrational to veto pipeline to protect left-wing environmental activists in San Francisco.

Cuts off all aid to sanctuary cities. Long list of immigration solutions.

Again, attacks Bachmann on her facts. Life begins at conception. No experimentation on embryos.

Opposed partial birth abortions and would like to ban abortions. Defund Planned Parenthood and give the money to adoption clinics.
cyan_downcyan_down Capture11-9-2011-8.43.58 PM
RON
PAUL
Anybody could beat Obama. Something different to offer: emphasizes civil liberties, pro-American foreign policy, monetary policy. Falls back on philosophy of Constitution and rule of law and $1 trillion savings in answer to his electability. 

On a question of leadership: the government is too big, the debt is too big and you have to cut spending to get people to come together. Two factions: one wants warfare and the other wants welfare. Get half of the cuts from both factions.

Newt has different idea of private sector; Government Sponsored enterprise is a dangerous compromise – possibly can go to fascism. Starts speaking about bubble and the Fed. Not a free market enterprise.

Earmarks: Took earmark money and never voted for an earmark. Congress needs to earmark every penny and not deliver that power to the executive branch. I would be a different type of President. I wouldn’t look for more power. I don’t want to run the world, I don’t want to police individual activities and doesn’t want to run the economy.

Dealing with the courts is a serious matter and can open up a can of worms. Challenges idea that Congress can subpoena judges and claims it is an affront to the separation of powers.

When asked to pick favorite Supreme Court judge: They are all good and they are all bad – freedom has been split into two pieces: personal liberty and economic liberty.

Iran: War propaganda going on – another Iraq coming – no evidence of nuclear weapons; greatest danger that we would have a President who over-reacts and bomb Iran. Sentiment, even in Israel, is mixed. Useless war in Iraq and lost so much.  Everybody is armed: India, Pakistan, Israel. We don’t need another war.  Supports Obama’s positions with respect to Iran.

Doesn’t want Iran to have a nuclear weapon; doesn’t want war. They want to hurt us because we are hurting them. How are we going to rebuilt the military and take care of the people when we are broke?  The danger is not Iran, but us over-reacting.

Paul calls Bachmann’s assertion that the IAEA has evidence that there could be a bomb within months false and that there is no evidence. There has been no enrichment. 
cyan_rightcyan_right Capture11-9-2011-8.44.53 PM
RICK
PERRY
Getting used to handling debates. Can debate with Obama about what we have done in Texas. Mentions Tim Tebow and hopes he is the Tim Tebow of the Iowa caucuses.

Need a president with executive experience that can work both sides of the aisle. Needs leadership.

Don’t believe everything you read. Like any other business, our state had some guaranteed loans which failed. Need to tell the difference between lobbying and consulting. Need a part-time Congress. Send them home and let them get a job like everyone else; live within the laws they pass. And pass a balanced budget amendment and the problems facing America will be minor.  140 days every other year like we do in Texas.

No lifetime terms for Justices.

No-fly zone for Syria as they are Iran’s partner. No space between U.S. and Israel.

Should have destroyed or retrieved drone.

Strongly supports the 10th Amendment to put policies in place to make them more competitive. Government shouldn’t be picking winners and losers from Washington.
Calls out Holder on Fast and Furious. Notes the problem with Iran is South and Central America.
cyan_rightcyan_right Capture11-9-2011-8.45.29 PM
MICHELLE BACHMANN
Can attract independents and democrats because she is a woman who said what she meant and meant what she said. A person of action. Someone you can trust.

Call people together – no new taxes; government can spend any more money than what it is taking in; follow the Constitution of the United States. Prioritize spending. Long-term reform now. 

Evidence that Newt cashed checks from Freddie Mac is proof. Need to get rid of Fannie Mae and Freddie Mac.

Claims Politico said everything Bachman says is true. Don’t need to be within the technical definition of lobbyists to be influence peddling with politicians.

On 9th Circuit Court – are the Courts following the Constitution. The intention of the founders was that the Courts should be the least powerful. Take the Constitution back. 

Great thing about this country is rule of law.

Believes Ron Paul has the most dangerous answer for American security. Iran will use a weapon against Israel and the United States.

Supports Keystone pipeline.

Believes the issue of life is crucial to to GOP. Newt chose not to defund Planned Parenthood as Speaker of the House. Gingrich campaigned for partial birth abortions. 100% pro-life from conception to natural death.

Bachmann admonishes Newt by saying I am a serious candidate and my facts are accurate.

cyan_rightcyan_right
Capture11-9-2011-8.45.47 PM
RICK SANTORUM
Expects ground work in Iowa to pay off. Strong conservative, been there and done it – and did it as a leader. Fights for conservatives in both majority and minority times.

Tell Americans a narrative and remind how we solve problems. Motivate the public to talk to their representatives. How we built America – free markets, free people.

Proposed Made-in-USA plan includes money made overseas can be repatriated at 5-1/2% tax rate; special rate of 0% if they invest the money in plant and equipment in America. We need to rebuild the manufacturing base in America. Need to be competitive. Cut taxes on manufacturing sector. Promises to repeal every single Obama regulations – not laws – regulations.

Campaigned against certain judges. He confronted the courts.

Iran has been at war with us since 1979 – ruled by a radical theocracy; goal is martyrdom. Mutually assured destruction is not a deterrent, but an inducement to war. Create a calamity; hate us because who we are. Work with Israel. Ultimatum: close down their facilities.

Problems Iran and terrorism  in Central and South America.

Attacked Romney saying he issued gay marriage license marriage.
cyan_rightcyan_right Capture11-9-2011-8.44.29 PM
JON HUNTSMAN
I am the “consistent conservative” and I am not going to pander. I am not going to sign silly (no tax)pledges. We are getting screwed as Americans. We have economic deficit and “trust” deficit. Wants term limits, revolving door, no “too big to fail.”

Leadership is action, not words. Flat-tax proposal. Utah -- finest business climate in the U.S. Got 80% of the vote.

China is a large and complicated relationship; part trade, North Korea, Iran, Pakistan, Burma, South China Sea, military-to-military engagement. Move one part and it impacts the other. Best thing: invite a few dissidents to the U.S. embassy. Create reform and change in China. Need more than a transactional relationship; needs shared values.

U.N. serves a useful purpose in the area of peacekeeping and some humanitarian work. Hates the anti-America and anti-Israel behavior. Need to fix our core here at home first and foremost. Foreign policy must be driven by economics first.

For pipeline as building internal strength. Promotes natural gas.

Limited government, pro-growth. Be who we are and no need to pander to illegal aliens. Secure border. Legal immigration is an engine of growth. 

Best lines …

“I am not in the business of blaming Governor Romney, I am in the business of trying to understand what we can do as a policy.” – Gingrich

Megyn Kelly: “Something that was highly criticized.” Newt Not by anyone in power in 1802.” Jefferson when asked if the Supreme Court is Supreme said it would be absurd. That would be an oligarchy.

“NFL Player whose name doesn’t come to mind said if you don’t get your tail kicked every now and then, you are not playing at a high enough level. And I want to give you all credit for letting me play at a high enough level.” – Perry

 

Bottom line …

This is the final debate before the Iowa Caucuses and the holiday season. It is still ludicrous to limit answers to one-minute responses and thirty-second rebuttals. This was a great debate with substantive and interesting questions. The American people was the true winner.

We all agree …

Capture8-29-2011-7.21.20 PM

-- steve


“Nullius in verba”-- take nobody's word for it!
"Acta non verba" -- actions not words

“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw

“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”

“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS

"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius

“A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell

“Fere libenter homines id quod volunt credunt." (The people gladly believe what they wish to.) ~Julius Caesar

“Describing the problem is quite different from knowing the solution. Except in politics." ~ OCS


Who cares department: John Ziegler attacks Newt Gingrich ...

John Ziegler is a personality purporting to be a conservative, when in fact he is nothing but a self-promoter looking for his next gig.

He admits to being a little off …

  • fired from multiple radio stations; for using the n-word, talking about the sex life of one of his lovers, arguing with co-workers on air.
  • so depressed, he considered killing O.J. Simpson when he was acquitted; had a romance with Ron Goldman’s sister.
  • was openly provocative leading to a near-arrest to publicize a project.

The Sarah Palin project …

He was an ardent supporter of Sarah Palin, only to turn negative and nasty when she did not run for office and take Ziegler along with her …

Editorial by John Ziegler

An Open E-mail to Sarah Palin (10/5/2011)

Dear Governor Palin:

Wow. So, is this really how your political saga is going end? By letting down your remaining supporters and telling them, with a straight face, that you can do more to impact change as a Fox News Contributor than you can as President of the United States?

The only reason the liberal media has been obsessing over whether you might run for president is that you would have added to the entertainment value of a Republican race with which they are already getting bored.

As you recently accurately (and, given your family’s penchant for participating in such endeavors, rather ironically) observed that they see the whole thing as a “reality show” in need of a new wacky character to spice things up. Plus, they would love for you to have somehow been the nominee to insure Obama’s reelection.

Now that you aren’t running you have made yourself almost totally irrelevant. Unlike with Chris Christie (did you notice how much more passionately the media pined for him than you?), no one with an actual chance will want your endorsement. Once the nominee and the new VP candidate are chosen you will be very old news, and with no elected office (or, thanks to you’re your incredible lack of popularlity in Alaska, even the theoretical chance of one), you will have no opportunity to alter your narrative or make any news.

My guess is that you won’t even end up speaking at the convention because you are too big for a minor slot and too dangerous for a prime one.

Read the rest of the snarky letter in context here.

The goal?

Is this just another attempt to get media attention for himself or his projects?

Is this an attempt to position himself as a hanger-on with Mitt Romney’s campaign?

Or is he just another self-promoting nut-burger seeking another payday?

The attack on Newt …

Dear John Ziegler Mailing List Members:

On Wednesday I am launching a brand new web site devoted to telling the truth about Newt Gingrich from the conservative perspective.

The site promises to be by far the most comprehensive source of information about why it would be a bad idea for Republicans to nominate Newt Gingrich. It also announces a $10,000 bet offer regarding Gingrich's candidacy.

The site can be found at the following urls:

www.TheCaseAgainstNewt.com

www.NewtCantWin.com

www.NewtWontWin.com

www.NewtIsAFraud.com

www.NewtVsMitt.com

www.NewtIsWorseThanMitt.com

If, after reading its extensive content, you support this cause, PLEASE share the site with friends and membes of the media via e-mail or Facebook, which is easily done through the site itself. The only way this message is going to get out in time is for like minded people to communicate the truth to each other.

Thanks for our continued support,
John Ziegler

Bottom line …

Another self-appointed arbiter of the truth attempts to capitalize on the political process by attacking a front-running candidate.

Sad; very, very sad. As for Ziegler’s opinion and website machinations, who the “eff” cares.

-- Steve

Reference Links …

John Ziegler Explains Why Sarah Palin Will Screw The GOP and Run in 2012

Host

John Ziegler: The Wild Card In Sarah Palin's Camp?


“Nullius in verba”-- take nobody's word for it!
"Acta non verba" -- actions not words

“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw

“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”

“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS

"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius

“A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell

“Fere libenter homines id quod volunt credunt." (The people gladly believe what they wish to.) ~Julius Caesar

“Describing the problem is quite different from knowing the solution. Except in politics." ~ OCS


THE BIG LIE: CALIFORNIA PROGRESSIVE POLITICIAN'S CLAIM "IT'S FOR THE CHILDREN!"

If it were all about the “children,” there would have been a commensurate improvement student scores and dropout rates over the years of rising educational spending.

If it were all about the “children,” there would be fewer administrators and more classroom teachers.

If it were all about the “children,” there would be no need to build super-massive high schools costing hundreds of millions of dollars in excess of what a “standard” high school cost to build.

And if it were all about the “children,” there would be an emphasis on core subjects that could prepare children for future competition and less emphasis on radical activism and progressive agenda items.

The truth is is not for the children, it is for the adults, in particular the teacher’s unions, the administrators and the special interests such as the developers and other vendors whose obscene profit margins make rising costs enviable.

WE ARE CREATING A PRIVILEGED CLASS OF PROGRESSIVE POLITICAL OPERATIVES MASQUERADING AS TEACHERS …

Where in private industry do you find a guarantee of lifelong employment, cushy salaries, perks, healthcare and retirement benefits that match what today’s teachers and administrators earn?

Where in private industry are you exempt from punishment for malfeasance, ineptitude and not mastering your subject matter?

Where in private industry does an office clerical worker become a lathe operator? Yet you may find physical education instructors teaching math, science, English and a host of other subjects?

Where in private industry is seniority rewarded over merit, mediocrity over innovation and personnel costs rising precipitously in the face of declining productivity?

From the Sacramento Bee …

“Brown initiative seeks higher taxes to avoid deep school cuts”

“Gov. Jerry Brown asked voters Monday to increase taxes on sales and the rich in California, warning of damaging cuts without new money and blaming Republicans for partisan gridlock.”

Let me see if I understand this …

Governor Jerry Brown is playing progressive class warfare and suggesting we soak the rich – the productive individuals and companies in California – to perpetuate the educational community which has proven resistant to reform and without demanding any increase in transparency, accountability and the curtailment of rising personnel costs?

Why should I take money out of my pocket to reward teachers and others who seem to be failures when it comes to educating children?

Why should I support their progressive politics when I know that the public has been denied a seat at the bargaining table and there is virtually no difference between the positions of the union representatives and the politicians they threaten with adverse consequences if they do not “toe the line?”

Why should I stand idly by and watch children being turned into mini-political action units to persuade their parents to perpetuate a system which has failed other children for decades.

“The Democratic governor's initiative would raise the statewide sales tax a half-cent and impose higher income taxes starting with individuals making at least $250,000 a year.”

California has some of the highest taxes in the nation and yet our progressive politicians keep squandering money on their pet socialist projects and the Mexification of California by allowing, no -- encouraging, sanctuary policies for illegal aliens. $250,000 affects almost every small business – the core of California employment – where small business owners are taxed as individuals rather than corporations; many of whom pay little or no tax.

And, there is nothing but progressive democrat corruption that is bankrupting our formerly golden state.

“The plan would raise $7 billion annually for five years to shrink the state's deficit problem. The state's top budget analyst estimated last month that California must tackle a $12.8 billion deficit next year.”

How many freaking times have I heard governors, of both parties, say that this tax increase or borrowing authority will be the last and that the systemic and structural deficit would be resolved?

I call bullshit! The politicians and bureaucrats have become even more corrupt – demanding that the public refill their pension coffers when our retirement funds and investments have been depleted by the economic cataclysm that is upon us.

Does anyone in the State legislature suggest that special “no tax” and reduced utility bills given for tens of years to attract business be rescinded first? Especially the money going to the Hollywood propaganda machine.

They are incapable of telling the truth …

’The stark truth is that without new tax revenues, we will have no other choice but to make deeper and more damaging cuts to schools, universities, public safety and our courts,’ Brown wrote in what he dubbed ‘An Open Letter to the People of California,’ which he initially issued through his Twitter account.”

No! The truth is that each of the affected agencies can operate just fine if we ask the employees to take a 10% pay cut and start paying their “fair share” of their pension and healthcare obligations like the rest of us. After all, isn’t it the progressive democrats who are all about “shared sacrifice?”

Brown's proposal has two components. The half-cent sales tax would apply broadly; in most of Sacramento County, the rate would increase from 7.75 percent to 8.25 percent.

Asking the people to vote …

“Brown joined a crowded field of tax proponents vying for the November 2012 ballot. At least five groups have filed proposals, including a left-leaning coalition led by the California Federation of Teachers and Courage Campaign that submitted a $6 billion tax on millionaires on Monday.”

“The governor promised during his 2010 campaign that he would agree only to higher taxes with voter approval. He asked Republicans last year to place taxes on the ballot, but talks broke down after disagreements on pensions and regulations. Labor groups also raised concerns that voter support was weak.”

Invoke the boogeyman for your failure to govern and contain ever rising non-necessary costs …

“In his letter on Monday, Brown blamed GOP lawmakers for blocking his plan.”

"’I am going directly to the voters because I don't want to get bogged down in partisan gridlock as happened last year,’" he wrote.”

Exactly what that douchebag Governor Schwarzenegger said – and look what progress he made with his democrat legislature. Even from day one, kissing progressive ass by appointing a long-time, progressive democrat lesbian who served democrat governor Gray Davis as his Chief of Staff.

Bottom line …

First, I am not sure that Governor Jerry Brown, the doddering old fool, is actually running the Governor’s Office as I suspect he wife/girlfriend/beard/whatever is doing it for him.

Second, I am opposed to creating a California where some animals are more equal than others. We do not need a political class of unionized bureaucrats who are immune from the consequences of their own actions and the consequences of a failed state and federal government. Especially when the guarantees come out of my pocket. This is more of “don’t do as I do, do as I say” propaganda from those who do not understand the American way of life.

Third, before these progressive political weasels pick my pocket by telling me that cutbacks will affect public safety (fire, police, medical), let me remind them that “We the People” hired them to prioritize expenditures with the highest priorities going to public safety – not arts programs, not LGBT sensitivity classes and certainly not customer-facing cubicle workers.

Therefore, I suggest everyone vote “NO” on any tax increases and demand that these people do their jobs. If not, throw the bums out of office.

When an individual or company finds themselves burdened by taxes and onerous regulations, they decamp for friendlier places. Nevada. Arizona. Texas. Our outsourcing to foreign countries. Leaving fewer and fewer productive taxpayers to pay the bills while more and more illegal alien squatters inherit what was once the best place on Earth to live. But maybe that’s the plan of the progressive socialists and communists in the democrat party.

-- steve

Reference Links …

Brown initiative seeks higher taxes to avoid deep school cuts - Sacramento Politics - California Politics | Sacramento Bee


“Nullius in verba”-- take nobody's word for it!
"Acta non verba" -- actions not words

“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw

“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”

“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS

"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius

“A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell

“Fere libenter homines id quod volunt credunt." (The people gladly believe what they wish to.) ~Julius Caesar

“Describing the problem is quite different from knowing the solution. Except in politics." ~ OCS