Wild and not going in the right direction… ========= Of all the excuses, explanations and alibis pouring forth in the saga of the IRS kneecapping of conservative groups during the victorious Obama 2012 campaign, the one that deserves attention is this from David Axelrod: “Part of being president is that there’s so much beneath you that you can’t know, because the government is... Read more
Archive for the ‘Socialism’ Category
Flight Delay Rebuke
April 28 | Posted by mrossol | American Thought, Debt, Sequester, SocialismIf you ran a business this way… =========== It isn’t quite Ronald Reagan breaking the 1981 air-traffic controllers strike by firing 12,345 of them, banning them from government employment for life, and decertifying their union. But it’s close enough for cheering. On Thursday night the Senate unanimously reversed the Federal Aviation Administration’s sequester furloughs, and the House followed on Friday with a... Read more
Big Sugar Is Set for a Sweet Bailout
March 13 | Posted by mrossol | American Thought, SocialismWhere do the bail-outs stop!!!! ========= The U.S. Department of Agriculture is considering buying 400,000 tons of sugar—enough for 142 billion Hershey’s HSY +0.08% Kisses—to stave off a wave of defaults by sugar producers… The USDA wouldn’t say how many companies have received loans, or identify them. U.S. Sugar said it doesn’t have any USDA loans outstanding. American Crystal and Amalgamated didn’t... Read more
More Debt and Taxes
January 2 | Posted by mrossol | American Thought, Debt, Party Politics, Socialism, Tax IssuesTerm limits need to happen. ====== By DAVID MALPASS Whatever ultimately emerges from the fiscal-cliff negotiations over the past 48 hours, the country will survive. But the damage can’t be undone. Taxes are going up for all working Americans. And so is the size of government. Businesses have been waiting to see whether a second Obama administration will encourage the economy. During the fiscal-cliff... Read more
American Exceptionalism?
November 3 | Posted by mrossol | American Thought, Liberal Press, Socialism, The LeftI don’t agree with Podhoretz on everything, but this article is pretty good. ============ Is America Exceptional? NORMAN PODHORETZ served as editor-in-chief of Commentary magazine from 1960-1995. He was a Pulitzer Scholar at Columbia University, earning his bachelor of arts degree in 1950. He also holds bachelor’s and master’s degrees from Cambridge University, England, where he was a Fulbright Scholar and a Kellett... Read more
Debasing the Currency – and more…
October 28 | Posted by mrossol | American Thought, Economics, SocialismThis is a must read. We are repeating history… to our detriment. ========= Popular Delusions Memo to Central Banks: You’re debasing more than our currency By Dylan Grice, Societe Generale At its most fundamental level, economic activity is no more than an exchange between strangers. It depends, therefore, on a degree of trust between strangers. Since money is the agent of exchange, it is the... Read more