Tuesday, March 29, 2011

@OBAMA_CZAR, 3/29/11 10:06 AM

ANNA RAND (@OBAMA_CZAR)
3/29/11 10:06 AM
Obama: I authorized this war that is not a war, which is narrowly focused but broad in scope, so we could lead. As helpers. via @Pecos197




"A bureaucrat is the most despicable of men, though he is needed as vultures are needed, but one hardly admires vultures whom bureaucrats so strangely resemble. I have yet to meet a bureaucrat who was not petty, dull, almost witless, crafty or stupid, an oppressor or a thief, a holder of little authority in which he delights, as a boy delights in possessing a vicious dog. Who can trust such creatures?"

--Cicero

Sunday, March 27, 2011

Harvard’s Mankiw- a disgrace to the economics profession

The Center of the Universe

CAUTION: BE SEATED WHEN READING

COMMENTS BELOW:

It's 2026, and the Debt Is Due

By N. Gregory Mankiw

March 26 (NYT)

The following is a presidential address to the nation — to be delivered in March 2026.

My fellow Americans, I come to you today with a heavy heart. We have a crisis on our hands. It is one of our own making. And it is one that leaves us with no good choices.

For many years, our nation's government has lived beyond its means.

A rookie, first year student mistake. Our real means are everything we can produce at full employment domestically plus whatever the rest of the world wants to net send us. The currency is the means for achieving this. Dollars are purely nominal and not the real resources.

We have promised ourselves both low taxes and a generous social safety net. But we have not faced the hard reality of budget arithmetic.

The hard reality is that for a given size government, there is a 'right level' of taxes that corresponds with full domestic employment, with the size of any federal deficit a reflection of net world dollar savings desires.

The seeds of this crisis were planted long ago, by previous generations. Our parents and grandparents had noble aims. They saw poverty among the elderly and created Social Security.

Yes, they decided they would like our elderly to be able to enjoy at least a minimum level of consumption of goods and services that made us all proud to be Americans.

They saw sickness and created Medicare and Medicaid. They saw Americans struggle to afford health insurance and embracedhealth care reform with subsidies for middle-class families.

Yes, they elected to make sure everyone had at least a minimum level of actual health care services.

But this expansion in government did not come cheap. Government spending has taken up an increasing share of our national income.

The real cost of this 'expansion' (which was more of a reorganization than an expansion of actual real resources consumed by the elderly and consumed by actual healthcare needs) may have consumed an increasing share of real GDP, but with continued productivity this would have been at most a trivial amount at current rates of expansion.

Today, most of the large baby-boom generation is retired. They are no longer working and paying taxes, but they are eligible for the many government benefits we offer the elderly.

Yes, they are consuming real goods and services produced by others. The important consideration here is the % of the population working and overall productivity which he doesn't even begin to address.

Our efforts to control health care costs have failed. We must now acknowledge that rising costs are driven largely by technological advances in saving lives. These advances are welcome, but they are expensive nonetheless.

Still no indication of what % of real GDP he envisions going to health care and real consumption by the elderly.

If we had chosen to tax ourselves to pay for this spending, our current problems could have been avoided. But no one likes paying taxes. Taxes not only take money out of our pockets, but they also distort incentives and reduce economic growth. So, instead, we borrowed increasing amounts to pay for these programs.

At least he gives real economic growth a passing mention. However, what he seems to continuously miss is that real output is THE issue. Right now, with potential employment perhaps 20% higher than it currently is, the lost real output, which compounds continuously, plus the real costs of unemployment- deterioration of human capital, broken families and communities, deterioration of real property, foregone investment, etc. etc. etc.- are far higher than the real resources consumed by the elderly and actual health care delivery. Nor does he understand what is meant by the term Federal borrowing- that it's nothing more than the shift of dollar balances from reserve accounts at the Fed to securities accounts at the Fed. And that repayment is nothing more than shifting dollar balances from securities accounts at the Fed to reserve accounts at the Fed. No grandchildren involved!!!

Yet debt does not avoid hard choices. It only delays them. After last week's events in the bond market, it is clear that further delay is no longer possible. The day of reckoning is here.

This morning, the Treasury Department released a detailed report about the nature of the problem. To put it most simply, the bond market no longer trusts us.

For years, the United States government borrowed on good terms. Investors both at home and abroad were confident that we would honor our debts. They were sure that when the time came, we would do the right thing and bring spending and taxes into line.

But over the last several years, as the ratio of our debt to gross domestic product reached ever-higher levels, investors started getting nervous. They demanded higher interest rates to compensate for the perceived risk.

This is all entirely inapplicable. It applies only to fixed exchange rate regimes, such as a gold standard, and not to non convertible currency/floating exchange rate regimes. This is nothing more than another rookie blunder.

Higher interest rates increased the cost of servicing our debt, adding to the upward pressure on spending. We found ourselves in a vicious circle of rising budget deficits and falling investor confidence.

With our non convertible dollar and a floating exchange rate, the Fed currently sets short term interest rates by voice vote, and the term structure of interest rates for the most part anticipates the Fed's reaction function and future Fed votes. Nor is there any operational imperative for the US Government to offer longer term liabilities, such as 5 year, 7 year, 10 year, and 30 year US Treasury securities for sale, which serve to drive up long rates at levels higher than otherwise. That too is a practice left over from gold standard days that's no longer applicable.

As economists often remind us, crises take longer to arrive than you think, but then they happen much faster than you could have imagined. Last week, when the Treasury tried to auction its most recent issue of government bonds, almost no one was buying. The private market will lend us no more. Our national credit card has been rejected.

As above, the US Government is under no operational imperative to issue Treasury securities. US Government spending is not, operationally, constrained by revenues. At the point of all US govt spending, all that happens is the Fed, which is controlled by Congress, credits a member bank reserve account on its own books. All US Government spending is simply a matter of data entry on the US Governments own books. Any restrictions on the US government's ability to make timely payment of dollars are necessarily self imposed, and in no case external.

So where do we go from here?

WE DON'T GET 'HERE'- THERE IS NO SUCH PLACE!!!

Yesterday, I returned from a meeting at the International Monetary Fund in its new headquarters in Beijing. I am pleased to report some good news. I have managed to secure from the I.M.F. a temporary line of credit to help us through this crisis.

This loan comes with some conditions. As your president, I have to be frank: I don't like them, and neither will you. But, under the circumstances, accepting these conditions is our only choice.

Mankiw's display of ignorance and absurdities continues to compound geometrically.

We have to cut Social Security immediately, especially for higher-income beneficiaries. Social Security will still keep the elderly out of poverty, but just barely.

We have to limit Medicare and Medicaid. These programs will still provide basic health care, but they will no longer cover many expensive treatments. Individuals will have to pay for these treatments on their own or, sadly, do without.

We have to cut health insurance subsidies to middle-income families. Health insurance will be less a right of citizenship and more a personal responsibility.

We have to eliminate inessential government functions, like subsidies for farming, ethanol production, public broadcasting, energy conservation and trade promotion.

The only reason we would ever be 'forced' to make those cuts would be real resource constraints- actual shortages of land, housing, food, drugs, labor, clothing, energy, etc. etc. And yes, that could indeed happen. Those are the real issues facing us. But Mankiw is so lost in his errant understanding of actual monetary operations he doesn't even begin to get to where he should have started.

We will raise taxes on all but the poorest Americans. We will do this primarily by broadening the tax base, eliminating deductions for mortgage interest and state and local taxes. Employer-provided health insurance will hereafter be taxable compensation.

He fails to recognize that federal taxes function to regulate aggregate demand, and not to raise revenue per se, again showing a complete lack of understanding of current monetary arrangements.

We will increase the gasoline tax by $2 a gallon. This will not only increase revenue, but will also address various social ills, from global climate change to local traffic congestion.

Ok, finally, apart from the revenue error, he's got the rest of it sort of right, except he left out the part about that tax being highly regressive.

As I have said, these changes are repellant to me. When you elected me, I promised to preserve the social safety net. I assured you that the budget deficit could be fixed by eliminating waste, fraud and abuse, and by increasing taxes on only the richest Americans. But now we have little choice in the matter.

Due entirely to ignorance of actual monetary operations.

If only we had faced up to this problem a generation ago. The choices then would not have been easy, but they would have been less draconian than the sudden, nonnegotiable demands we now face. Americans would have come to rely less on government and more on themselves, and so would be better prepared today.

What I wouldn't give for a chance to go back and change the past. But what is done is done. Americans have faced hardship and adversity before, and we have triumphed. Working together, we can make the sacrifices it takes so our children and grandchildren will enjoy a more prosperous future.

N. Gregory Mankiw is a professor of economics at Harvard.

And no small part of the real problem we face as a nation!

Feel free to repost and distribute

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"A bureaucrat is the most despicable of men, though he is needed as vultures are needed, but one hardly admires vultures whom bureaucrats so strangely resemble. I have yet to meet a bureaucrat who was not petty, dull, almost witless, crafty or stupid, an oppressor or a thief, a holder of little authority in which he delights, as a boy delights in possessing a vicious dog. Who can trust such creatures?"

--Cicero

2010 Census: Growth Above Average in No Income Tax States and Right to Work States

Newsalert
Michael Barone explains the data of the 2010 Census:
The lesson is that high taxes and strong public employee unions tend to stifle growth and produce a two-tier society like coastal California's.

The eight states with no state income tax grew 18 percent in the last decade. The other states (including the District of Columbia) grew just 8 percent.

The 22 states with right-to-work laws grew 15 percent in the last decade. The other states grew just 6 percent.

The 16 states where collective bargaining with public employees is not required grew 15 percent in the last decade. The other states grew 7 percent.


The laws of microeconomics have an effect.
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"A bureaucrat is the most despicable of men, though he is needed as vul­tures are needed, but one hardly admires vultures whom bureaucrats so strangely resemble. I have yet to meet a bureaucrat who was not petty, dull, almost witless, crafty or stupid, an oppressor or a thief, a holder of little authority in which he delights, as a boy delights in possessing a vicious dog. Who can trust such creatures?"

--Cicero

Wednesday, March 23, 2011

An Obamacare Weiner-Waiver for New York City?

Michelle Malkin

**Written by Doug Powers

Last year, New York Rep. Anthony Weiner took personal ownership of the magnificent health care law, even to the point of proclaiming "the bill and I are one" like a monk trying to attain enlightenment using nothing but willpower and a trillion dollars of other people's money. In short, Anthony Weiner loves the health care bill.

It's just that… well… it might not be right for his district:

Rep. Anthony Weiner said Wednesday he was looking into how a health law waiver might work for New York City.

Weiner, who is likely to run for mayor of New York, said that because of the city's special health care infrastructure, his office was looking into alternatives that might make more sense. Weiner is one of the health care law's biggest supporters; during the debate leading up to reform, he was one of the last holdouts in Congress for the public option.

"The president said, 'If you have better ideas that can accomplish the same thing, go for it,'" said Weiner. "I'm in the process now of trying to see if we can take [President Barack Obama] up on it in the city of New York, … and I'm taking a look at all of the money we spend in Medicaid and Medicare and maybe New York City can come up with a better plan."
[...]
"We in New York already have hospitals, we already employ doctors and we employ nurses. We have a lot of uninsured people. … [Setting up] the exchanges is the one piece of the puzzle that would be difficult for us to do," he said. "I'm just looking internally to whether the city can save money and have more control over its own destiny."

I thought the health care law was the mechanism that would save state and local governments as well as businesses money. It turns out that's what the waivers are for and not the law itself. Gee, it's almost as if they were lying about all this from the very beginning.

It's possible Weiner believes he'll have trouble being elected Mayor of NYC unless he can successfully disconnect them from the health care law that is his pride and joy — a fact that should give voters there all the more reason to question his judgment.

**Written by Doug Powers

Twitter @ThePowersThatBe

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"A bureaucrat is the most despicable of men, though he is needed as vul­tures are needed, but one hardly admires vultures whom bureaucrats so strangely resemble. I have yet to meet a bureaucrat who was not petty, dull, almost witless, crafty or stupid, an oppressor or a thief, a holder of little authority in which he delights, as a boy delights in possessing a vicious dog. Who can trust such creatures?"

--Cicero
mailto:?subject=You%20have%20received%20a%20YouTube%20video!&body=http%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3D_dRFJ6CF2Mw%26sns%3Dem


"A bureaucrat is the most despicable of men, though he is needed as vultures are needed, but one hardly admires vultures whom bureaucrats so strangely resemble. I have yet to meet a bureaucrat who was not petty, dull, almost witless, crafty or stupid, an oppressor or a thief, a holder of little authority in which he delights, as a boy delights in possessing a vicious dog. Who can trust such creatures?"

--Cicero

Obama: Drill, Brazil, Drill! - Investors.com

http://www.investors.com/NewsAndAnalysis/Article/566719/201103211908/Obama-Drill-Brazil-Drill.htm

Sunday, March 20, 2011

Crony Capitalism Digest: General Electric to Purchase Immense Fleet of Chevy Volts That Aren't Marketable in the Real World

Doug Ross @ Journal
Every once in a while we get a glimpse into GM's Chevy Volt sales and they always remind me of Chris Farley in Tommy Boy.

'How many Volts did we sell, Tommy?' 'Uhm... ni... niner.' 'I can't hear you, you're trailing off and did I catch a niner in there?'

...General Motors lobbied for a $7,500 tax refund for all buyers, under the shaky (if not false) promise that it was producing the first all-electric mass-production vehicle... At least that's what we were once told... GM has continually revised downward its estimates of how far the machine would go before the gas engine fired, and now says 25 to 50 miles.

It turns out that the premium-fuel fired engine does drive the wheels... It's doubtful that GM would have gotten such a subsidy if it had been revealed that the car would do much of its freeway cruising with a gas engine powering the wheels. [After all, a] hybrid is a hybrid, and the Prius no longer qualifies for a tax credit.

...[The Volt Consumer Reports] tested cost [a] whopping $48,700 minus the credit... [one] reason that Volt sales are anemic: 326 in December, 321 in January, and 281 in February. GM announced a production run of 100,000 in the first two years. Who is going to buy all these cars?

...Recently, President Obama selected General Electric CEO Jeffrey Immelt to chair his Economic Advisory Board. GE is awash in windmills waiting to be subsidized so they can provide unreliable, expensive power.

Consequently, and soon after his appointment, Immelt announced that GE will buy 50,000 Volts in the next two years, or half the total produced. Assuming the corporation qualifies for the same tax credit, we (you and me) just shelled out $375,000,000 to a company to buy cars that no one else wants so that GM will not tank and produce even more cars that no one wants...

Don't bother waiting for Statist kooks like Anthony Weiner to decry these tax breaks for 'millionaires and billionaires'.

And a related thought: don't liberals read history books? Obviously not, because the last command-and-control economy this size was in a land called the Soviet Union.

And we all know how that turned out.


Hat tip: Moonbattery.

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"A bureaucrat is the most despicable of men, though he is needed as vul­tures are needed, but one hardly admires vultures whom bureaucrats so strangely resemble. I have yet to meet a bureaucrat who was not petty, dull, almost witless, crafty or stupid, an oppressor or a thief, a holder of little authority in which he delights, as a boy delights in possessing a vicious dog. Who can trust such creatures?"

--Cicero

"‎The President does not have power under the Constitution to unilaterally authorize a military attack in a situation that does not involve stopping an actual or imminent threat to the nation."



"A bureaucrat is the most despicable of men, though he is needed as vul­tures are needed, but one hardly admires vultures whom bureaucrats so strangely resemble. I have yet to meet a bureaucrat who was not petty, dull, almost witless, crafty or stupid, an oppressor or a thief, a holder of little authority in which he delights, as a boy delights in possessing a vicious dog. Who can trust such creatures?"

--Cicero
An evil Arab dictator has been in power for decades. He personally controls his country's vast oil wealth. A sponsor of terrorism, he has provoked the West to take military action against him in the past. Islamic fundamentalists despise him as much as the West does. When his people rise up against him, he murders them ruthlessly. The United Nations Security Council has passed resolutions condemning him. An American president, intent on promoting democracy in the Middle East, demands that the dictator abdicate. When the dictator fails to leave, the American president authorizes the use of military force. Our "allies," including Great Britain, are asked to help. The endgame for the use of force is unclear.

Sound familiar? No, we're not talking about Moammar Qaddafi and Barack Obama. We're talking about Saddam Hussein and George W. Bush. The difference is this: in almost the exact same set of circumstances, Bush was called "Hitler" by the Left. Leftists wrote plays and stories and movies about killing him. Democratic Party politicians, like Sen. Dick Durbin, likened our troops to "Nazis." Democratic Senators like John Kerry and Hillary Clinton, who voted for the military action, accused the president of lying. Mass demonstrations and protests, sponsored by the communist and socialist Left, broke out in the U.S. and Great Britain. Antiwar groups like Code Pink staged demonstrations at military recruiting stations, and had to be dragged shrieking from the halls of Congress. Opponents of the war shouted that Saddam's Iraq never attacked us, and that our military action was a violation of international law. The Left cried for the impeachment of Bush and Cheney.



"A bureaucrat is the most despicable of men, though he is needed as vultures are needed, but one hardly admires vultures whom bureaucrats so strangely resemble. I have yet to meet a bureaucrat who was not petty, dull, almost witless, crafty or stupid, an oppressor or a thief, a holder of little authority in which he delights, as a boy delights in possessing a vicious dog. Who can trust such creatures?"

--Cicero

Community Organizer Turns Cowboy at Austin Bay's Blog

Community Organizer Turns Cowboy at Austin Bay's Blog

Le�gal In�sur�rec�tion: How Long Before John Kerry Is Against The Libyan War That He Was For?

Le�gal In�sur�rec�tion: How Long Before John Kerry Is Against The Libyan War That He Was For?

Saturday, March 19, 2011

@Richard_Florida, 3/19/11 8:33 AM

Richard Florida (@Richard_Florida)
3/19/11 8:33 AM
Did Americans really "pay-down" debt or just give up & default - WSJ RealTimeEconomics - http://on.wsj.com/grVnMm




"A bureaucrat is the most despicable of men, though he is needed as vultures are needed, but one hardly admires vultures whom bureaucrats so strangely resemble. I have yet to meet a bureaucrat who was not petty, dull, almost witless, crafty or stupid, an oppressor or a thief, a holder of little authority in which he delights, as a boy delights in possessing a vicious dog. Who can trust such creatures?"

--Cicero

Friday, March 18, 2011

Roger’s Rules » ‘Where Are the Americans?’ A Tale of Two Tsunamis

http://pajamasmedia.com/rogerkimball/2011/03/17/%E2%80%9Cwhere-are-the-americans%E2%80%9Da-tale-of-two-tsunamis/


"A bureaucrat is the most despicable of men, though he is needed as vultures are needed, but one hardly admires vultures whom bureaucrats so strangely resemble. I have yet to meet a bureaucrat who was not petty, dull, almost witless, crafty or stupid, an oppressor or a thief, a holder of little authority in which he delights, as a boy delights in possessing a vicious dog. Who can trust such creatures?"

--Cicero

@JimPethokoukis, 3/18/11 2:19 PM

James Pethokoukis (@JimPethokoukis)
3/18/11 2:19 PM
CBO totally refudiates WH line that it is stabilizing US debt situation. Actually, it veers wildly into danger zone




"A bureaucrat is the most despicable of men, though he is needed as vultures are needed, but one hardly admires vultures whom bureaucrats so strangely resemble. I have yet to meet a bureaucrat who was not petty, dull, almost witless, crafty or stupid, an oppressor or a thief, a holder of little authority in which he delights, as a boy delights in possessing a vicious dog. Who can trust such creatures?"

--Cicero

Thursday, March 17, 2011

Roger’s Rules » ‘Where Are the Americans?’ A Tale of Two Tsunamis

http://pajamasmedia.com/rogerkimball/2011/03/17/%E2%80%9Cwhere-are-the-americans%E2%80%9Da-tale-of-two-tsunamis/


"A bureaucrat is the most despicable of men, though he is needed as vultures are needed, but one hardly admires vultures whom bureaucrats so strangely resemble. I have yet to meet a bureaucrat who was not petty, dull, almost witless, crafty or stupid, an oppressor or a thief, a holder of little authority in which he delights, as a boy delights in possessing a vicious dog. Who can trust such creatures?"

--Cicero

@Boomerjeff, 3/17/11 9:49 AM

Jeff Douglas (@Boomerjeff)
3/17/11 9:49 AM
List of Deliberate steps taken by Obama Administration to reduce domestic oil production and increase gas price http://bit.ly/cEJ73M #tcot




"A bureaucrat is the most despicable of men, though he is needed as vultures are needed, but one hardly admires vultures whom bureaucrats so strangely resemble. I have yet to meet a bureaucrat who was not petty, dull, almost witless, crafty or stupid, an oppressor or a thief, a holder of little authority in which he delights, as a boy delights in possessing a vicious dog. Who can trust such creatures?"

--Cicero

Tuesday, March 15, 2011

@Forums4Justice, 3/15/11 6:57 AM

Forums4Justice (@Forums4Justice)
3/15/11 6:57 AM
We are spending over $71 Billion Dollars per week, when we only have a $40 Billion Dollar per week income @cspanwj




"A bureaucrat is the most despicable of men, though he is needed as vultures are needed, but one hardly admires vultures whom bureaucrats so strangely resemble. I have yet to meet a bureaucrat who was not petty, dull, almost witless, crafty or stupid, an oppressor or a thief, a holder of little authority in which he delights, as a boy delights in possessing a vicious dog. Who can trust such creatures?"

--Cicero

Monday, March 14, 2011

Tweet forwarded by @tpatrician

CMEGroup: Ethanol accounts for 8% of fuel in the US but consumes almost 40% of corn crops @TheEconomist http://ow.ly/4dSA6 $EH_F $ZC_F

Original Tweet: http://twitter.com/CMEGroup/statuses/47257895070470144


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Sunday, March 13, 2011

"New Civility," RIP

Power Line

One would think that if anything is uncivil it is a death threat. Local news outlets in Wisconsin report that a number of Republican legislators have received such threats. Democratic Party activists have gone to Majority Leader Scott Fitzgerald's house and pounded on his windows, demanding that he come out, at 6:00 in the morning. Crazed mobs have repeatedly menaced Republicans, who had to be spirited out of the state Capitol by armed state patrolmen. If this isn't uncivil, what is?

Apparently that isn't how the national media see it. Noel Sheppard notes that ABC, CBS, NBC, MSNBC, NPR, the New York Times, Washington Post, USA Today, and the Los Angeles Times have all ignored these multiple death threats against Republican politicians, even though they have been deemed credible by local law enforcement.

Of course, these are all Democratic Party news outlets. It is no surprise to anyone that their calls for a "new civility" were nothing but an attempt to shut up conservatives. They are perfectly content with mob rule, as long as the mob is a mob of Democrats. "New civility," RIP. We won't miss you.

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"A bureaucrat is the most despicable of men, though he is needed as vul­tures are needed, but one hardly admires vultures whom bureaucrats so strangely resemble. I have yet to meet a bureaucrat who was not petty, dull, almost witless, crafty or stupid, an oppressor or a thief, a holder of little authority in which he delights, as a boy delights in possessing a vicious dog. Who can trust such creatures?"

--Cicero

@nelaontherun, 3/13/11 6:04 PM

nela (@nelaontherun)
3/13/11 6:04 PM
When shown images of Blair embracing Gaddafi, Margaret Thatcher said, "I never hugged him, I bombed him" http://bit.ly/fIsfJY #libya feb17




"A bureaucrat is the most despicable of men, though he is needed as vultures are needed, but one hardly admires vultures whom bureaucrats so strangely resemble. I have yet to meet a bureaucrat who was not petty, dull, almost witless, crafty or stupid, an oppressor or a thief, a holder of little authority in which he delights, as a boy delights in possessing a vicious dog. Who can trust such creatures?"

--Cicero

Jesse Jackson: Scott Walker Pushing a “Confederate Agenda”…



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Friday, March 11, 2011

Cold Fury » The New Civility not really taking hold



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@SheboyganSpirit, 3/11/11 7:02 AM

SheboyganSpirit (@SheboyganSpirit)
3/11/11 7:02 AM
1990-2010 American Fed. of State, County, & Municipal Employees donated $40,281,900 to DEMS, $547,700 to REPUBS http://bit.ly/fzyOWH




"A bureaucrat is the most despicable of men, though he is needed as vultures are needed, but one hardly admires vultures whom bureaucrats so strangely resemble. I have yet to meet a bureaucrat who was not petty, dull, almost witless, crafty or stupid, an oppressor or a thief, a holder of little authority in which he delights, as a boy delights in possessing a vicious dog. Who can trust such creatures?"

--Cicero

@krauthammer, 3/11/11 6:46 AM

Charles Krauthammer (@krauthammer)
3/11/11 6:46 AM
What Social Security trust fund? http://wapo.st/goe2Ai http://fb.me/Hj20dZvb




"A bureaucrat is the most despicable of men, though he is needed as vultures are needed, but one hardly admires vultures whom bureaucrats so strangely resemble. I have yet to meet a bureaucrat who was not petty, dull, almost witless, crafty or stupid, an oppressor or a thief, a holder of little authority in which he delights, as a boy delights in possessing a vicious dog. Who can trust such creatures?"

--Cicero

@CNBCtopStories, 3/11/11 5:01 AM

I saw this article and did a double take.  An earthquake can help an economy because it spurs rebuilding activity?  By that logic, a good way for all countries to grow would be to destroy all of our buildings and houses and then rebuild them.  Idiots.  The fact that Larry Summers would let such ridiculous shit come out of his mouth is astonishing.

CNBC Top Stories (@CNBCtopStories)
3/11/11 5:01 AM
Earthquake May Boost Economy Short Term: Summers http://bit.ly/feun5f $$ #Economics/CentralBanks/BankofJapan #LifeLeisure/NaturalDisasters


"A bureaucrat is the most despicable of men, though he is needed as vul­tures are needed, but one hardly admires vultures whom bureaucrats so strangely resemble. I have yet to meet a bureaucrat who was not petty, dull, almost witless, crafty or stupid, an oppressor or a thief, a holder of little authority in which he delights, as a boy delights in possessing a vicious dog. Who can trust such creatures?"

--Cicero

Thursday, March 10, 2011

@indyrallen, 3/10/11 6:52 AM

Ross P (@indyrallen)
3/10/11 6:52 AM
"Pay us what we want or you we will shut your business down." Union or Mafia? Isn't it kind of telling that you can't tell the difference.




"A bureaucrat is the most despicable of men, though he is needed as vultures are needed, but one hardly admires vultures whom bureaucrats so strangely resemble. I have yet to meet a bureaucrat who was not petty, dull, almost witless, crafty or stupid, an oppressor or a thief, a holder of little authority in which he delights, as a boy delights in possessing a vicious dog. Who can trust such creatures?"

--Cicero

Tuesday, March 8, 2011

@Leo_Pusateri, 3/8/11 7:51 AM

Leo Pusateri (@Leo_Pusateri)
3/8/11 7:51 AM
"The cost of energy will NECESSARILY skyrocket under my policies" -Candidate Barack Hussein Obama, 2008 - By DESIGN, folks. #tcot #hhrs #p2




"A bureaucrat is the most despicable of men, though he is needed as vultures are needed, but one hardly admires vultures whom bureaucrats so strangely resemble. I have yet to meet a bureaucrat who was not petty, dull, almost witless, crafty or stupid, an oppressor or a thief, a holder of little authority in which he delights, as a boy delights in possessing a vicious dog. Who can trust such creatures?"

--Cicero

@HumanEvents, 3/8/11 7:22 AM

Human Events (@HumanEvents)
3/8/11 7:22 AM
Union Myths: http://ow.ly/4a06e Free lunches do not exist in Thomas Sowell's dojo.




"A bureaucrat is the most despicable of men, though he is needed as vultures are needed, but one hardly admires vultures whom bureaucrats so strangely resemble. I have yet to meet a bureaucrat who was not petty, dull, almost witless, crafty or stupid, an oppressor or a thief, a holder of little authority in which he delights, as a boy delights in possessing a vicious dog. Who can trust such creatures?"

--Cicero

@RightWingNews, 3/8/11 7:00 AM

RightWingNews (@RightWingNews)
3/8/11 7:00 AM
Michael Moore: Big Fat Union Hypocrite -- http://dld.bz/QTzb




"A bureaucrat is the most despicable of men, though he is needed as vultures are needed, but one hardly admires vultures whom bureaucrats so strangely resemble. I have yet to meet a bureaucrat who was not petty, dull, almost witless, crafty or stupid, an oppressor or a thief, a holder of little authority in which he delights, as a boy delights in possessing a vicious dog. Who can trust such creatures?"

--Cicero

"Everyday Dumb Ideas"in Boston; They Have a Shortage of Grocers, But Mayor is Anti-Wal-Mart

http://mjperry.blogspot.com/2011/03/everyday-dumb-ideas-in-boston-they-have.html

Friday, March 4, 2011

@KatyinIndy, 3/4/11 5:28 PM

Katy (@KatyinIndy)
3/4/11 5:28 PM
Krauthammer: The revolutions in the Middle East are exposing W's critics. http://is.gd/8oNN2c #tcot #gop #hhrs #sgp #tlot




"A bureaucrat is the most despicable of men, though he is needed as vultures are needed, but one hardly admires vultures whom bureaucrats so strangely resemble. I have yet to meet a bureaucrat who was not petty, dull, almost witless, crafty or stupid, an oppressor or a thief, a holder of little authority in which he delights, as a boy delights in possessing a vicious dog. Who can trust such creatures?"

--Cicero

@michellemalkin, 3/4/11 6:53 AM

Michelle Malkin (@michellemalkin)
3/4/11 6:53 AM
My column today on unhyphenated Americans: Hey, Eric Holder - Meet MY people! http://tinyurl.com/4rthra2




"A bureaucrat is the most despicable of men, though he is needed as vultures are needed, but one hardly admires vultures whom bureaucrats so strangely resemble. I have yet to meet a bureaucrat who was not petty, dull, almost witless, crafty or stupid, an oppressor or a thief, a holder of little authority in which he delights, as a boy delights in possessing a vicious dog. Who can trust such creatures?"

--Cicero
http://www.zerohedge.com/article/updated-macro-observations-strategic-alpha


"A bureaucrat is the most despicable of men, though he is needed as vultures are needed, but one hardly admires vultures whom bureaucrats so strangely resemble. I have yet to meet a bureaucrat who was not petty, dull, almost witless, crafty or stupid, an oppressor or a thief, a holder of little authority in which he delights, as a boy delights in possessing a vicious dog. Who can trust such creatures?"

--Cicero

@RightWingNews, 3/4/11 4:40 AM

RightWingNews (@RightWingNews)
3/4/11 4:40 AM
European media calls George W. Bush visionary -- http://dld.bz/PZWU




"A bureaucrat is the most despicable of men, though he is needed as vultures are needed, but one hardly admires vultures whom bureaucrats so strangely resemble. I have yet to meet a bureaucrat who was not petty, dull, almost witless, crafty or stupid, an oppressor or a thief, a holder of little authority in which he delights, as a boy delights in possessing a vicious dog. Who can trust such creatures?"

--Cicero

Thursday, March 3, 2011

@GregWHoward, 3/3/11 8:30 AM

Greg Howard (@GregWHoward)
3/3/11 8:30 AM
Let's recap. #WIUnion shut down schools, cost the state $5 million in extra security costs. Yeah, that was a win. #tcot #p2 #ocra #teaparty




"A bureaucrat is the most despicable of men, though he is needed as vultures are needed, but one hardly admires vultures whom bureaucrats so strangely resemble. I have yet to meet a bureaucrat who was not petty, dull, almost witless, crafty or stupid, an oppressor or a thief, a holder of little authority in which he delights, as a boy delights in possessing a vicious dog. Who can trust such creatures?"

--Cicero

@toddeherman, 3/3/11 8:06 AM

Todd Herman (@toddeherman)
3/3/11 8:06 AM
How many new rights has Prez Obama invented for Executive? Right to displace secured creditors, appoint czars, refuse to enforce laws ...




"A bureaucrat is the most despicable of men, though he is needed as vultures are needed, but one hardly admires vultures whom bureaucrats so strangely resemble. I have yet to meet a bureaucrat who was not petty, dull, almost witless, crafty or stupid, an oppressor or a thief, a holder of little authority in which he delights, as a boy delights in possessing a vicious dog. Who can trust such creatures?"

--Cicero

The Tax on Consumers of Higher Gas Prices | Global Macro Monitor

http://macromon.wordpress.com/2011/03/02/the-tax-on-consumers-of-higher-gas-prices/

Open Letter to Rush Limbaugh

http://cafehayek.com/2011/03/open-letter-to-rush-limbaugh.html

Tuesday, March 1, 2011

@WILLisms, 3/1/11 8:32 AM

Will Franklin (@WILLisms)
3/1/11 8:32 AM
Texas one of just nine states where private-sector employees earn more than government employees: http://usat.ly/fyTwKC




"A bureaucrat is the most despicable of men, though he is needed as vultures are needed, but one hardly admires vultures whom bureaucrats so strangely resemble. I have yet to meet a bureaucrat who was not petty, dull, almost witless, crafty or stupid, an oppressor or a thief, a holder of little authority in which he delights, as a boy delights in possessing a vicious dog. Who can trust such creatures?"

--Cicero

@bakkenblog, 3/1/11 7:33 AM

BakkenBlog (@bakkenblog)
3/1/11 7:33 AM
Harold Hamm of Continental Resources: 'Something incredible is going to develop up here with the Bakken'. http://bit.ly/eT5VYg




"A bureaucrat is the most despicable of men, though he is needed as vultures are needed, but one hardly admires vultures whom bureaucrats so strangely resemble. I have yet to meet a bureaucrat who was not petty, dull, almost witless, crafty or stupid, an oppressor or a thief, a holder of little authority in which he delights, as a boy delights in possessing a vicious dog. Who can trust such creatures?"

--Cicero