We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are

Life, Liberty and the pursuit of Happiness.

That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed,

Monday, November 22, 2010

Full Spectrum Dominance: 8 Examples Of How The Government Is Attempting To Take Total Control Of Our Food, Our Health, Our Money And Even Our Dignity

This needs to be shared with everyone, well thought out and presented....

Full Spectrum Dominance: 8 Examples Of How The Government Is Attempting To Take Total Control Of Our Food, Our Health, Our Money And Even Our Dignity

Power-Mad Bureaucrats and the Men Who Encourage Them

It's amazing, in order not to offend a suspected terrorist, the American people must be punished for trying to live the good life that they've worked so hard to attain. Are we reaching a breaking point with political correctness?

Power-Mad Bureaucrats and the Men Who Encourage Them

Limousine Liberals

Last week, Warren Buffett wrote his typical folksy "thank you big government" letter in an attempt to play the "capitalist loves big government" role that he has come to embrace and prop up his buddy Obama.  On CNBC I challenged his quote that people who work for him pay more in taxes than he does by suggesting that if Mr Buffett is so concerned about paying enough in taxes, that he should promote a tax on wealth instead of income since he only pays himself $100,000 per year in salary.  Unfortunately, my comments never made the broadcast (hmmm.....wonder why?).

Porter Stansberry, who has been linked on this blog several times before has started quoting the phrase "Limousine Liberal" to identify scum bags like Buffett, Soro's, John Kerry, Herb Kohl, Jay Rockefeller and others who have no issue with taxing your income while they sit on billions of their own wealth.  Here is an update from an earlier post regarding Obama'a former "car czar"...

Porter Stansberry: "You're the joke"

Saturday, November 20, 2010

Back in May, I made Reuters and Barron's headlines when I booed financier turned Obama "car czar" Steve Rattner during Ira Sohn's annual investment conference in New York.

Listening to him tell one lie after another about the bankruptcy of General Motors was bad enough. (And believe me… I know a little bit about GM's balance sheet, having been the first analyst anywhere to predict the carmaker's bankruptcy as early as 2005.) But having to listen to this scumbag lecture me about the evils of "income inequality" was more than I could bear.

This man was personally implicated in bribing New York state pension officials. He made close to $500 million via his private-equity fund (Quadrangle), while his investors underperformed municipal bonds. This guy lives in a $15 million home on Martha's Vineyard and in the same Fifth Avenue apartment building as George Soros.

This is a guy who flies his own plane… whose wife is the leading fundraiser for the Democratic Party. This is Arthur Sulzberger Jr. and Michael Bloomberg's best friend. And Barry Diller's. This guy spent his entire life in the rarified world of Ivy League colleges, investment banks, and New York City's most elite social circles.

And yet… even with all these advantages, he ended up accused of bribing New York State pension officials to get them to invest with his private-equity firm. (By the way… I have to hand it to Obama on appointing Rattner as the "car czar." Obama knew about the corruption charges, and appointed Rattner to restructure General Motors anyway. After all, who better to steal from bondholders than a crook?) And now, Rattner was going to lecture us, the great unwashed, about "income inequality." It was simply unbearable…

After spending about 20 minutes congratulating himself on the bailout of GM (which cost taxpayers roughly $80 billion and bondholders roughly $27 billion), Rattner put up a chart he seemed to believe indicated rich people in America were making far too much money. I let out a loud "Boooo…."

Really, it was more of a moan of agony. I just couldn't take anymore. How could such a person ever have been allowed to reach such levels of power and influence? How could an idea as obviously repelling as government-directed income redistribution ever be discussed at an investment conference filled with thousands of capitalists?

Rattner's response to my loud "boo" was remarkable. In his most condescending, the-government-knows-best tone, he said, "I hope you're joking." As if to even question the role of government in redistributing the wealth of our society made me some kind of a mental invalid or moral outrage. I replied, in a much, much louder and more hostile tone, "YOU'RE THE JOKE."

When I write about not recognizing my fellow Americans… and feeling like I live in a country called Amerika, I'm talking about the Rattnerization of our country. This guy is the very embodiment of the term "limousine liberal." He wants to raise your taxes because his income is now all sheltered. And he thinks he knows how to use your money far better than you do. In his mind, he's doing you a big favor when he raises your taxes.

As the whole global warming thing falls apart (hard to believe it's lasted this long), guys like Rattner need a new slogan. They need a new calling – a new, better, and simpler reason to motivate voters. Their cry will be "income inequality." The free market has failed, they say, because some people are getting very, very rich.

And Rattner knows the 50% or so of the people who no longer pay federal income taxes will believe income inequality is a problem (instead of the result of a wonderful technological revolution). And they will support every possible measure to correct "the problem." This will keep people like Rattner in power for a long, long time.

Look for Al Gore's next movie to be about income inequality. You think I'm kidding. But I'm not. Rattner even has a hockey stick chart, just like Gore did, showing that income inequity is soaring… and threatening to destroy us all.

Well, our buddy Rattner is back in the headlines this week… And it's not because of General Motors' initial public offering. New York Attorney General Andrew Cuomo filed two lawsuits this week accusing Rattner of bribing folks to invest in his private-equity firm, Quadrangle.

Cuomo wants at least $26 million from Rattner and a lifetime ban from the securities industry. Separately, the SEC announced Rattner agreed to pay $6.2 million to settle similar charges. Rattner issued the following statement:

While settling with the SEC begins the process of putting this matter behind me, I will not be bullied simply because the Attorney General's office prefers political considerations instead of a reasoned assessment of the facts.

This episode is the first time during 35 years in business that anyone has questioned my ethics or integrity – and I certainly did not violate the Martin Act. That's why I intend to clear my name by defending myself vigorously against this politically motivated lawsuit.

The suit alleges Rattner secured investments for Quadrangle by arranging for a firm to distribute a movie produced by David Loglisci, the New York retirement fund's chief investment officer, and his brothers. Rattner also allegedly contributed $50,000 to the reelection campaign for former New York Comptroller Alan Hevesi.

So far, Hevesi pleaded guilty to a corruption charge and agreed to cooperate in Cuomo's investigation. In total, seven people – including Hevesi and Loglisci – have pleaded guilty. Rattner hasn't, though he exercised his Fifth Amendment right not to answer questions under oath 68 times.


Porter Stansberry

Wednesday, November 17, 2010

Michigan Engineering | Making Oil at Warp Speed

This type of research and not Cap and Trade or Batteries made of scarce raw materials or Corn is the answer to our future energy needs. Real science can create what junk science seeks to impair...

Michigan Engineering Making Oil at Warp Speed

Friday, November 12, 2010

Setbacks aside, Obama claims stronger global hand - Yahoo! News

The man is delusional....prior to being elected and shortly thereafter we went around the world telling our enemies and allies alike that he was going to reduce our influence in the world. Well Mr. President, you succeeded and now the new economic leaders are treating you like the rest of the 3rd world dictators.....

Setbacks aside, Obama claims stronger global hand - Yahoo! News

End of Liberty Video

This is produced by a group calling itself the National Inflation Association.  The video is long and a bit chilling...do not watch it alone or in the dark!

Independent Voters Pushed GOP Wave Further Right « Wisconsin GOP Blog

Note to Republicans...Ignore AP, ABC, CBS and NBC. You were sent to Washington to unwind this massive parasite that is sucking the life out of the American people.

We don't want Big Government compromise
We don't want Euro-socialist institutions and handout programs
We don't want any new stimulus unless it is in the form of tax cuts
We don't want more debt
We don't want to be beholden to foreign oil nor government - subsidized "clean energy" projects that are not economically sustainable
There is no such thing as CO2-based global warming only liberal hot air

Tha American people have made it pretty clear...
Independent Voters Pushed GOP Wave Further Right « Wisconsin GOP Blog

Thursday, November 11, 2010

The Perfect Cover for the Republicans

Unwittingly, President Obama handed the Republicans a huge Christmas present when he created his own Deficit Reduction Commission. Although I sure he assumed he'd see a proposal full of Big Government solutions such as cap and trade, a Value Added Tax and Payroll tax increases for Social Security and Medicare, what he got was a well thought out and realistic plan to address the real problems with the deficit.

Think about this, with mortgage interest rates at ridiculously low levels, who wouldn't give up the interest rate deduction in exchange for a top income tax rate of 23%? Where do I sign up?

Hopefully the new Republican leadership will pound the tables over this for the next 2 years and continuously cite "Obama's own Commission" as they roll out positive changes in fiscal policy.

Can you hear us John Boehner?

Commission leaders say cutting deficit will hurt - Yahoo! News

Tuesday, November 09, 2010

Why Soaking the Rich Doesn't Work

I'm still waiting for the day when 1 Republican challenges the notion of taxing the wealthy through an income tax versus a wealth tax. Many on the left would just sit there dumbfounded if we proposed taking away 50% of a persons net worth above say....$10 million since I don't know anyone who can't live on $10 million...

Why Soaking the Rich Doesn't Work

Reject the Welfare/Warfare State

By Ron Paul

Reject the Welfare/Warfare State

Gold and Guns

A familiar theme, and he's right.....

Gold and Guns

Thursday, November 04, 2010

Quote of the Day

"Society is full of busybody do-gooders and navel-gazing morons who are happily eating up a larger and larger share of the nation’s once- productive capital. And, as this group grows and grows, they eventually shift from a disheartened minority down on their luck to taking full control of Congress. That’s when the taxpayer checkbooks really come out. Initiatives that begin as “state services” invariably end up making us servants to the state. And, in the end, voters only have themselves to blame."

- Joel Bowman, Whiskey and Gunpowder

Did Barack Obama Save America?

From an email I received this AM, author unkonwn...

"One 82-year-old lady loves Obama and she may have a very good point.� She says that Obama is amazing, and is rebuilding the American dream! She gives us an entirely new slant on the "amazing" job Obama is doing,� and she says that she will thank God for the President.� Keep reading for her additional comments and an explanation.  When discussing Obama, she says:

1. Obama destroyed the Clinton Political Machine, driving a stake through the heart of Hillary's presidential aspirations - something no Republican was ever able to do.

2. Obama killed off the Kennedy Dynasty - no more Kennedys trolling Washington looking for booze and women wanting rides home.

3. Obama is destroying the Democratic Party before our eyes! Dennis Moore had never lost a race. Evan Bayh had never lost a race. Byron Dorgan had never lost a race. Harry Reid - soon to be GONE!(well..almost...) These are just a handful of the Democrats whose political careers Obama has destroyed. By the end of 2010, dozens more will be gone. Just think, in December of 2008 the Democrats were on the rise. In the last two election cycles, they had picked up 14 Senate seats and 52 House seats. The press was touting the death of the Conservative Movement and the Republican Party. However, in just one year, Obama put a stop to all of this and will probably give the House - if not the Senate - back to the Republicans.

4. Obama has completely exposed liberals and progressives for what they are. Sadly, every generation seems to need to re-learn the lesson on why they should never actually put liberals in charge. Obama is bringing home the lesson very well:

Liberals tax, borrow and spend.
Liberals won't bring themselves to protect America .
Liberals want to take over the economy.
Liberals think they know what is best for everyone.
Liberals are not happy until they are running YOUR life.

5. Obama has brought more Americans back to conservatism than anyone since Reagan. In one year, he has rejuvenated the Conservative Movement and brought out to the streets millions of freedom loving Americans. Name one other time when you saw your friends and neighbors this interested in taking back America !

6. Obama, with his "amazing leadership," has sparked the greatest period of sales of firearms and ammunition this country has seen. Law abiding citizens have rallied and have provided a "stimulus" to the sporting goods field while other industries have failed, faded, or moved off-shore.

7. In all honesty, one year ago I was more afraid than I have been in my life. Not afraid of the economy, but afraid of the direction our country was going. I thought,Americans have forgotten what this country is all about.My neighbors and friends, even strangers, have proved to me that my lack of confidence in the greatness and wisdom of the American people has been flat wrong.

8. When the American people wake up, no smooth talking teleprompter reader can fool them!� Barack Obama has served to wake up these great Americans!

Again, I want to say: "Thank you, Barack Obama!" After all, this is exactly the kind of hope and change we desperately needed!!"

Tuesday, November 02, 2010

Keynesian Confusion - John Mauldin's Outside the Box - InvestorsInsight.com | Financial Intelligence, Advice & Research / Investment Strategies & Planning for Individual Investors.

A great piece about why things aren't "working as planned"...

Keynesian Confusion - John Mauldin's Outside the Box - InvestorsInsight.com Financial Intelligence, Advice & Research / Investment Strategies & Planning for Individual Investors.

A Market-Based HealthCare Solution

From Heritage, I believe that if every working American was signed up for a Health Savings Account (HSA) starting with their first job (in other words, they would have to opt out if they didn't want it or were covered by their spouse's job), the debate over providing Health Care to our citizens would end in 10 years.......

The Entitlement Crisis | The Heritage Foundation

Common sense staring points for fixing our financial woes..

The Entitlement Crisis The Heritage Foundation

Be Careful What You Wish For - Thoughts From The Frontline - InvestorsInsight.com | Financial Intelligence, Advice & Research / Investment Strategies & Planning for Individual Investors.

Be Careful What You Wish For - Thoughts From The Frontline - InvestorsInsight.com Financial Intelligence, Advice & Research / Investment Strategies & Planning for Individual Investors.