Archive for the ‘bailout’ Category

 

As technological developments increased farm yields over the last two centuries, the share of the US population employed in agriculture fell from around 90 percent to around 2 percent.

The lay American public supposes that when workers lose their jobs, we become worse off — they suffer from what economist Bryan Caplan calls the ‘make-work’ bias. But would anyone prefer to live in a society in which many went hungry and no one enjoyed the wealth, financial security, job growth, and innovation created as all those workers lost their farm jobs?

Follow Caplan, author of The Myth of the Rational Voter, as he explains the gap between the public’s opinion and the economist’s facts. In this video, Caplan talks about the merits and demerits of ‘making work’ – instead of letting individuals find work.

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Frederic Bastiat contends that to aim to increase the proportion of effort to output is to imitate Sisyphus in his hopeless attempt to move a stone up a hill:

http://mises.org/daily/6157/Industry-…

Daniel J. Mitchell explains the fallacy that government creates jobs:

http://www.cato.org/publications/comm…

► For resources, transcripts, videos, and more visit: http://www.learnliberty.org/videos/ma…

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via Make Progress, Not Work | Econ Chronicles | Learn Liberty – YouTube.

The environmental agenda has been infected by extremism—it’s become an economic suicide pact. And we’re here to challenge it. On Earth Day, visit http://www.freemarketamerica.org.

We all know why the Watermelons (Green outside, red inside) want America to fail. A failed state is ripe for totalitarian takeover. Just ask the Germans, the Russians, the Chinese, the Cubans, the Venezuelans, the Vietnamese, the Rhodesians (if you can find any), soon the Argentinians. and on and on and on.

 

And to remind you of how long the Watermelon totalitarians and their media accomplices have been working on this:
From Newsweak (sic) April, 28, 1975


Click here for your full size pdf.

Part One: Taking Fame and Casting Blame

Zo examines a liberal meme that blames conservatives and credits liberals for a list of policies and issues in American history.

Zo also points to the cowardice of democrats trying to throw people off the scent of their rotten history by trying to switch labels to stigmatize conservatives. Are you going to let democrats twist and paint what conservatism is?

Part Two: Switching Labels and Telling Fables

Zo continues with his examination of a liberal meme that blames conservatives and credits liberals for a list of policies and issues in American history.

Zo further points out the cowardice of democrats trying to This is part 3 of 4 of Zo’s examination of a liberal meme that blames conservatives and credits liberals for a list of policies and issues in American history. Zo also points out more of the cowardice of democrats trying to throw people off the scent of their rotten history by trying to switch labels to stigmatize conservatives. Are you going to let democrats twist and paint what conservatism is? Here more in this ZoNation!throw people off the scent of their rotten history, by trying to switch labels to stigmatize conservatives.

Are you going to let democrats twist and paint what conservatismis? Here more in this ZoNation!

Part Three: It’s the Republicans Fault That Democrats Oppress You

This is part 3 of 4 of Zo’s examination of a liberal meme that blames conservatives and credits liberals for a list of policies and issues in American history. Zo also points out more of the cowardice of democrats trying to throw people off the scent of their rotten history by trying to switch labels to stigmatize conservatives. Are you going to let democrats twist and paint what conservatism is? Here more in this ZoNation!

Part Four: ‘Hey Democrats–I Can Still See You Behind You Label Switching

Zo wraps up his examination of a liberal meme that is as close as Zo wants to get to a colonoscopy (considering how full of crap this meme is). Its a meme that blames conservatives and credits liberals for a list of policies and issues in American history. Zo also points the cowardice of democrats trying to throw people off the scent of their rotten history by trying to switch labels to stigmatize conservatives. Are you going to let democrats twist and paint what conservatism is? Here more in this ZoNation!

Experience the creative energy and conservative insight that Zo delivers in every show. Click here to buy the ZoNation Complete Series Collection: http://bit.ly/ZoNationCompleteSeries

From: Maxine Waters Appointed Top Democrat on House Financial Service Committee

On Tuesday, House Democrats unanimously selected Rep. Maxine Waters (D-CA) to be the top Democrat on the House Financial Services Committee.

Waters will be the ranking member on the committee that deals with banking issues. Last year, the House Ethics Committee investigated Waters, one of the most partisan members of the Congressional Black Caucus, for allegedly using her position in Congress to bail out a bank in which her husband owned $350,000 worth of stock.

The Ethics Committee cleared Waters of any wrongdoing, because it could not find “clear and convincing evidence” that Waters used her influence and position to directly help OneUnited Bank secure a $14 million federal bailout from the TARP program. Six members actually recused themselves from the investigation.

The Ethics Committee did send Waters’ grandson and chief of staff, Mikael Moore, a letter of reproval for his role in taking “certain actions on behalf of OneUnited when he knew or should have known” of his family’s financial interest.” Waters’ office aggressively lobbied the Treasury Department in 2008 to secure bailout funds for OneUnited Bank.

Moore told the committee he had no idea his grandfather owned stock in OneUnited Bank and said it was an “impossible standard” for him to have to find out whether his family members potentially owned stock in banks for which his office was trying to secure bailout funds.

Melanie Sloan, head of the left-leaning Citizens for Responsibility and Ethics (CREW), said then that Moore’s employment in his grandmother’s office “set the stage for potential problems.”

“In light of this case, perhaps now the Administration Committee will add grandchildren to the list of relatives members may not employ,” she said.

Rep. Jeb Hensarling (R-TX) will chair the House Financial Services Committee, and Waters said she hoped to “reconcile our visions” in the next Congress. The two do not agree on much. Hensarling wants to reform Dodd-Frank, while Waters wants to strengthen the legislation that is crippling small banks with regulation.

Waters also said she intends top push for “housing finance reform” and a financial system that “facilitates economic opportunity and wealth creation for all.”

“Housing finance reform, in particular, will be crucial to ensuring the long-term success and stability of our economy,” Waters said. “I believe we need a financial system that facilitates economic opportunity and wealth creation for all, and I stand ready to work with my colleagues towards that goal.”

The environmental agenda has been infected by extremism—it’s become an economic suicide pact. And we’re here to challenge it. On Earth Day, visit http://www.freemarketamerica.org.

We all know why the Watermelons (Green outside, red inside) want America to fail. A failed state is ripe for totalitarian takeover. Just ask the Germans, the Russians, the Chinese, the Cubans, the Venezuelans, the Vietnamese, the Rhodesians (if you can find any), soon the Argentinians. and on and on and on

And to remind you of how long the Watermelon totalitarians and their media accomplices have been working on this:
From Newsweak (sic) April, 28, 1975


Click here for your full size pdf.

A sex scandal puts the International Monetary Fund on the front page. But what does the global organization really do and are their banking practices as messy as their personal intrigues?

I have been wondering about the seemingly incoherent policies propagating out of the District of Corruption and trying to develop a model of thinking and goals that would be consistent with the insanity. I have had to abandon any thought of citizen or taxpayer well-being or maintenance of American exceptionalism in order to come up with a somewhat consistent model.

The District of Corruption has become, in essence, a wholesale club sized Faculty Lounge that has developed a plan to run the country as a university focused on the welfare of the faculty over the students or the payers of the tuition.

First is the plan to get out of debt seems to be Quantitative Easing III, IV, V, VI, and however many more it takes to make all those outstanding Treasury Bills (and their interest obligations) worthless. The fact that it will impoverish the American citizenry is as Microsoft used to say, “not a bug, but a feature.” It will wipe out the rich as well as the successful and the thrifty, thus putting all citizens’ welfare in the hands of those best qualified to judge a persons worth (no not the free market, that is seen as cruel, unfair and idiotic to the insufficiently rewarded, it must be those with the wisdom of Solomon, the Tenured).

This destruction of the dollar not only gets us out of debt while punishing those so rude to have been more successful in the free market than the new masters, but also sets the stage for the resurgence of America as a “properly structured society.” In other words the serfs need to acknowledge their proper place in the presence of their accredited and credentialed betters.

That brings us to the master stroke. In claiming that the oil companies get a “tax incentive” by writing off business expenses such as depreciation, exploration, and the cost of failed production attempts (things that legitimate costs of doing business in every other business, just bigger numbers in the oil business), the stage is set for the DOE to revoke all leases and nationalize the oil fields. After the dollar has been destroyed and whether the new currency that purchases oil is a “basket of currencies” or the PetroBuck® the wealth in the oil fields of what was previously called the United States will be more than enough to support the proletariat in their virtual slavery while the masters party like Nero. Issuing decrees as the Gods from Olympus (you have to “properly guide” those serfs, dontcha know?).