Filed under: Bureaucracy, Capitalism, Democrat Corruption, Economy, Free Markets, Freedom, History, Progressivism, The United States
The real motives of liberals have nothing to do with the welfare of other people. Instead, they have two related goals—to establish themselves as morally and intellectually superior to the rather distasteful population of common people, and to gather as much power as possible to tell those distasteful common people how they must live their lives.
Filed under: Bureaucracy, Capitalism, Democrat Corruption, Economics, Economy, History, Law, Media Bias, National Security, Politics, Progressivism, Taxes, The United States, Unemployment | Tags: Endangering National Security, Hillary's Graft, Trump's 11 year-old words
More releases of Hillary e-mails, and more than 2,500 e-mails from John Podesta, Hillary’s Campaign Chairman*, were released by Wikileaks, with more promised. The Podesta e-mails included excerpts from Hillary’s speeches to Wall Street groups. Podesta was a former Chief of Staff to Bill Clinton, a longtime antiwar activist of the New Left, and is currently the President and CEO of the Center for American Progress. His most lasting contribution to the Left’s cause was:
his promotion of a strategy that White House aides dubbed “Project Podesta.” This was a system that enabled the Clintons to push through unpopular policies that neither Congress nor the American people wanted. Its implementation marked a dramatic tilt in the balance of power, giving the executive branch an unprecedented ability to force its will on the legislative branch.
Project Podesta enabled the President to bypass Congress through the use of executive orders, presidential decision directives, White-House-sponsored lawsuits, vacancy appointments to high federal office, selective regulatory actions against targeted corporations, and a host of other extra-constitutional tactics.
Hillary went to ground, and lo and behold, an audio of Donald Trump being crude about women surfaced just in time to keep the media talking about the awfulness of Trump and overshadowing anything that Hillary might have said in those speeches she was so reluctant to talk about. Just a coincidence of course.
Donald Trump is a flawed candidate, not my first choice, nor the first choice of many others. The fact that he said something crude about a woman in a tape from 2005 in a private conversation with another man is not exactly a surprise. We all knew that Trump was frequently crude. Hillary said in a 2013 “private” speech to the National Multifamily Housing Council that it was important to hold two positions on political issues — a “public” one and a separate “private” one. That’s hardly a surprise either. We all knew that her public pronouncements were just for public consumption. Truth and accuracy are not among her better known characteristics.
The reaction from major Republicans has been outrage and horror that they might get tarnished with the effluent from Trump’s “shocking” remarks. There seems to be some extra importance to the fact that his crude remarks were about women. Would there be as much outrage if he had made crude remarks about men? Or don’t the advances women have made in the way of equality count when they require the extra consideration due simply because they are female?
Donald Trump is not the first politician to make crude remarks. I give you LBJ, who was remarkably crude, And Bill Clinton has been accused of far, far worse. Hillary told executives at a Brazilian bank in a private speech that:
My dream is a hemispheric common market, with open trade and open borders,” Clinton says in an excerpt from a speech to Unibanco Itau, a Brazilian bank. “We have to resists protectionism [and] other kinds of barriers to market access and to trade.”
The EU has been such a colossal failure that it’s hard to imagine anyone actually believing a common market in this hemisphere would be desirable. Free markets and trade, of course, but a common market run by the usual corrupt and unaccountable bureaucrats — is one of the dumber ideas I’ve ever heard. No wonder she didn’t want anyone to know what she said in her speeches, to get such big donations for the Clinton Foundation.
Donald Trump has said some rude things, that he shouldn’t have said. Hillary has played fast and loose with our national secrets to get enough payola to afford her walled estate, and the lifestyle among the rich and famous that is so important to her. I was astounded the other day when I heard a woman on a radio show remark that” Hillary had done so much for women.” I couldn’t imagine what she was talking about.
Like so many on the Left, Hillary believes that the recession (the worst since the Great Depression) was caused by George W. Bush’s tax cuts. Collapse of the Housing Bubble? Never heard of it. They also believe firmly that extended unemployment benefits and food stamps help to grow the economy — which is apparently why we have had such a marvelous recovery. Taxes, especially on the rich, bring lots of “government money” which when spent on, oh, global warming and welfare benefits and food stamps, circulates through the economy, growing as it passes through each hand. Nancy Pelosi explained the economics carefully in a speech at the Brookings Institution. You can look it up.
*I said John Podesta was Hillary’s campaign manager. That was incorrect. He is Campaign Chairman. Campaign Manager is Robert Mook. Corrected.
Filed under: Bureaucracy, Capitalism, Economics, Economy, Free Markets, Freedom, Heartwarming, History, Politics, Regulation | Tags: The Money in the World, Wealth and Debt, Where Is It? Who Owns It?
That’s all impressive, but the derivatives market takes the cake. Derivatives are contracts between parties that derive value from the performance of underlying assets, indices, or entities. On the low end, the notional value of the derivatives market is estimated to be a whopping $630 trillion according to the Bank of International Settlements.
However, that only accounts for OTC (over-the-counter) derivatives, and the truth is that no one actually knows the size of the derivatives market. It’s been estimated by some that it could be as high as $1.2 quadrillion, and others estimate it could be even higher.
There are many financial critics who worry about the risk that these contracts pile onto the global financial system. With the sheer size of the derivative market dwarfing all others, it’s understandable why business mogul Warren Buffett has called derivatives “financial weapons of mass destruction”.
Filed under: Cool Site of the Day, Democrat Corruption, Domestic Policy, Election 2016, Foreign Policy, Freedom, History, Immigration, Intelligence, Law, Middle East, National Security, Politics, Terrorism, The United States | Tags: Capturing the Essence, Crackpot Policy, Michael Ramirez
It doesn’t always take a long-winded discussion to explain just what is going on in our world. Michael Ramirez strikes again!
Filed under: Bureaucracy, Capitalism, Domestic Policy, Economy, Free Markets, Freedom, History | Tags: International Trade, Protectionism Doesn't Work, Why It's a Good Thing
From economist Mark Perry st AEI: The quotation of the day on international trade comes from President Ronald Reagan’s radio address to the nation on international trade on August 6, 1983:
The winds and waters of commerce carry opportunities that help nations grow and bring citizens of the world closer together. Put simply, increased trade spells more jobs, higher earnings, better products, less inflation, and cooperation over confrontation. The freer the flow of world trade, the stronger the tides for economic progress and peace among nations.
I’ve seen in my lifetime what happens when leaders forget these timeless principles. They seek to protect industries and jobs, but they end up doing the opposite. One economic lesson of the 1930s is protectionism increases international tensions. We bought less from our trading partners, but then they bought less from us. Economic growth dried up. World trade contracted by over 60 percent, and we had the Great Depression.
Filed under: Asia, Australia, Canada, Europe, Foreign Policy, History, Japan, Military, National Security, Russia, The United States, United Kingdom, World War II | Tags: Six Years at War, The World At War, Why we Must Know History
Here’s a fascinating lecture by Victor Davis Hanson on why World War II matters. It ended 71 years ago, ancient history. The very last of those who served in the war are nearly all gone, and even those who really remember are passing on. How do we make those to whom it is ancient history, who may not even know who was fighting or why they were fighting or why it matters understand?
Dr. Hanson, Central Valley farmer, college professor, military historian, columnist, author and fellow at the Hoover Institution is presented here by the Hillsdale College History Department. Enjoy. It’s well worth your time.