Category Archives: Business

Ponce-In-Chief: The Parasite Preceded The Host

Barack Obama, Business, Individualism Vs. Collectivism, Rights, Socialism, Taxation

Left-liberal news sites are not running with the headline. Why, they’re not even reporting the loathsome words that tumbled out of Barack Obama’s gob today:

Here’s this collectivist’s repudiation of the individual:

…look, if you’ve been successful, you didn’t get there on your own. You didn’t get there on your own. I’m always struck by people who think, well, it must be because I was just so smart. There are a lot of smart people out there. It must be because I worked harder than everybody else. Let me tell you something — there are a whole bunch of hardworking people out there. (Applause.) …
If you were successful, somebody along the line gave you some help. … Somebody invested in roads and bridges. If you’ve got a business — you didn’t build that. Somebody else made that happen. The Internet didn’t get invented on its own. Government research created the Internet so that all the companies could make money off the Internet.

And Booboos Americanus applauds, because this equally repulsive creature knows that, backed by the policing powers of the state, Obama will move in to take from he who has acquired wealth through work, to give to the man whose possessions come from the manipulation of the political system.

Indeed, “Statists say that if not for the state, man would be unable to produce. That’s like saying that the tick created the dog! Production predates government predation. Government doesn’t produce wealth—it only consumes it.”—ILANA (“Sixteen, the Number of the Beast,” in Broad Sides, 2004)

(Comment on my Facebook Wall.)

UPDATED: Those Gay Berets

Aesthetics, America, Business, Capitalism, Constitution, libertarianism, Outsourcing, Regulation, Sport

There is an alphabet soup of government agencies that ride American business. Business is buried under regulation, having to expend money and time on licenses, permits and forms for almost every transaction. What with the legal obligation to give an employee practically a lifetime of benefits, who can afford to make these gay-looking Olympic berets in the USA?

Capital flows to where it is best utilized.

I expect the PC patrol to come after me for saying that America’s Olympic team’s caps look campy.

But what’s wrong with a cowboy hat made in Texas? The gay berets cost a pretty penny and look … well, both gay and French.

My sartorial suggestion?

This here “Cattleman Wool Felt Cowboy Hat” costs $26.99.

And it looks American.

UPDATE: I FORGOT TO REMIND YOU ALL: Join the thread on Facebook, if you wish to contribute comments.

Here are my replies to the thread on Facebook:

To GJ: A cowboy hat is militarism to you? Where do you get that? Cowboys used to represent the (dying) great American frontier mentality. The equivalent of a “voortrekker” in South Africa.

To MP: MP is, of course, correct; there is no warrant in the Constitution or in libertarian law for state sponsorship of sports. But I always broaden the discussion to include more than libertarian justice/law—or else there would be little to discuss, as most of what the Federal Frankenstein does is unconstitutional/immoral, etc. And how dull, dour and lazy would that repetition be! But you already know that much about this writer, MP.

Mitt Must Answer For … Working Overtime

Barack Obama, Business, Democrats, Elections, Ethics, Natural Law, Republicans

The Securities and Exchange Commission (SEC) is a rogue agency. It is in the business of turning productive people by legislative fiat into common criminals. The SEC hunts for corporate prey using ill-defined, unconstitutional laws. It operates with the understanding that competition in capital markets must proceed from a level playing field. All investors are entitled to the same information advantage irrespective of effort and abilities. In a word, information socialism.

Mitt Romney, says the ponce of a president who has never done an honest-day’s work in his life, has done something to annoy the terrorists at the SEC. He “must answer questions about his ties to Bain Capital.”

On Thursday, Stephanie Cutter, the ponce’s handler, accused Mitt Romney of “misrepresenting his position at Bain to the SEC, which is a felony,” or “misrepresenting his position at Bain to the American people to avoid responsibility for some of the consequences of his investment.”

Boiled down, the charge against Romney is: working overtime.

I kid you not, it is just that: In addition to working “’12 hours a day, six days a week’ on the Olympics from 1999 to 2002,” Mitt might have been putting in a few extra hours at Bain.

OMG!

When will Romeny stop turning the other cheek?

Monkeying With The Money

Britain, Business, Fascism, Federal Reserve Bank

CNN Business News reports that British bankers and regulators have been caught red-handed, monkeying with interest rates.

And I thought that was the job description of the banking cartel.

Barclays Chief Executive Officer Bob Diamond conducted an “exhaustive internal investigation,” only to find that “other banks were involved [too] in setting and manipulating interest rates.”

In addition to the resignation of Diamond, del Missier and the chairman of the board, Barclays said many traders involved in the Libor manipulation are “no longer with the bank.” But Barclays plans to keep these individuals’ names confidential, since civil and criminal investigations are ongoing.
Meanwhile, Diamond had been consistently vocal about the need for bank to act responsibly. Speaking at the Fortune Most Powerful Women conference on June 18, Diamond said: “Being a better citizen is critically important to us in financial services today for all kinds of reasons. In order to be effective we need to regain trust in our industry.”

Buried in the news item is this nugget: “[T]op British banking regulators could be implicated in this wide-ranging investigation.”

USA, USA, We Are Always AAA: Expect the world’s top monopoly money counterfeiter to be right in the middle, stirring the money pot.

Two thoughts:

• When the ostensibly private arm of the baking cartel cops to mischief, its bankers take the heat and the hate. The public has been brainwashed into believing that Big Ben (Bernanke) and his counterparts in European and British governments are in the right to debase their countries’ coin. Therefore, the populations on our Ape Planet (where humans are becoming the dumber species) don’t blink over central banker shenanigans. (Except for Ron Paul, who gives Big Ben a hard time.)

• THE Cost. Barclays (BCS) spent “nearly £100 million” ($157 million) and three years conducting an ‘exhaustive internal investigation’ into its traders and executives’ role in manipulating … a key global benchmark interest rate.”

The populations affected (mentioned in the point above) disregard the price of central planning and the attendant regulation, even though these costs are passed on to the dumb public.

A free market in money would dispense with the waste.