Category Archives: Fascism

‘The United Socialist States of America’

Barack Obama, Debt, Economy, Fascism, Federal Reserve Bank, Regulation

Obama’s “new regulatory regime” has Peter Schiff anticipating that the U.S.S.A. may soon “appoint a Politburo, move into dilapidated housing blocks, and parade [its] missiles in the streets.”

“The underlying problem is that the excessive risk taking which brought about the crisis was not market-driven, but a direct consequence of government interference with risk-inhibiting market forces. Rather than learning from its mistakes and allowing market forces to once again control risks and efficiently allocate resources, the government is merely repeating its mistakes on a grander scale – thereby sowing the seeds for an even greater crisis in the future.

As is typical of government attempts to control economic outcomes, Obama’s plans focuses on the symptoms of the disease and not the cause. The American financial system imploded for two reasons: cheap money and moral hazard – both of which were supplied by the government. Under the proposed new regulatory structures, these toxic ingredients will be combined in ever-increasing quantities.

The proposals most notably involve extra regulatory oversight of financial entities that the government deems ‘too big to fail.’ This implies that it is desirable to have such entities in the first place, and that the government will continue to back those large organizations that fall under its protection.”

A voice in the wilderness…

'The United Socialist States of America'

Barack Obama, Debt, Fascism, Federal Reserve Bank, Regulation

Obama’s “new regulatory regime” has Peter Schiff anticipating that the U.S.S.A. may soon “appoint a Politburo, move into dilapidated housing blocks, and parade [its] missiles in the streets.”

“The underlying problem is that the excessive risk taking which brought about the crisis was not market-driven, but a direct consequence of government interference with risk-inhibiting market forces. Rather than learning from its mistakes and allowing market forces to once again control risks and efficiently allocate resources, the government is merely repeating its mistakes on a grander scale – thereby sowing the seeds for an even greater crisis in the future.

As is typical of government attempts to control economic outcomes, Obama’s plans focuses on the symptoms of the disease and not the cause. The American financial system imploded for two reasons: cheap money and moral hazard – both of which were supplied by the government. Under the proposed new regulatory structures, these toxic ingredients will be combined in ever-increasing quantities.

The proposals most notably involve extra regulatory oversight of financial entities that the government deems ‘too big to fail.’ This implies that it is desirable to have such entities in the first place, and that the government will continue to back those large organizations that fall under its protection.”

A voice in the wilderness…

Update IV: Cooking The Books To Make Cuba-Care Come True

Debt, Economy, Elections 2008, Fascism, Healthcare, Individual Rights, Objectivism, Politics, Propaganda, Republicans, Socialism

To listen to the reports by the malpracticing media, health care lobbyists have volunteered, for the good of all, to pay for a large portion of the so-called health care reforms: “Representatives from hospitals, the insurance industry, medical device and pharmaceutical companies, labor and physicians came to the White House to discuss major steps being taken to lower health care costs across the board” by $2 trillion.

That’s the narrative coming from the White House and the cretinous press corp.

Yep, that’s how the “market” works: the president sweet talks “stakeholders” in an industry, and, before you know it, they’re cutting costs and improving delivery. And Meghan McCain will grow a brain.

“A good rule in politics,” explains Cato’s Michael Cannon, “is that if something sounds too good to be true, it usually is. Lobbyists don’t simply propose to reduce their members’ incomes. If they did, they would be fired and replaced with different lobbyists.”

“According to the Urban Institute, covering the uninsured would cost a minimum of $120 billion per year. Over 10 years, the cost could easily hit $2 trillion.That money’s gotta come from somewhere. And that’s where politics comes in. Everybody wants that money to come from someone else.” …

“Another possibility is that the industry – which would get more customers under universal coverage – wants to help the president and Congress ignore the math.”

“Democrats have offered reforms that they claim would reduce health care spending over time, including more coordinated care, preventive care, and disease management. The industry endorsed those reforms in its recent letter to President Obama. But the number-crunchers at the Congressional Budget Office say there’s little to no evidence that those measures will produce savings. And unless the CBO agrees, Congress has to cut payments or raise taxes.”

“Senate Finance Committee chairman has spoken openly about getting the CBO to change its mind. If reformers can say that even the industry is committed to achieving savings with these reforms, that might make it easier to get the CBO to relent, and allow health care reform to pass without the necessary payment cuts or tax increases – even if there’s still no evidence that the assumed savings will appear.”

Cannon, director of health policy studies at the Cato Institute, doesn’t call it “cooking the books”; he calls it “the new math of universal coverage.”

Update I: Myron, last I checked, procuring private care in Canada was against the law. Socialized medicine—more often than not analyzed only from a utilitarian point of view—is coercion and tyranny that criminalize consensual, naturally licit contracts. If Obama is indeed building-up to Cuba-cum-Canada care by increments, it’ll end in coercion of the worst kind. Canada, North Korea and Cuba do not have second-tier medicine.

Update II (May 12): My man Myron again: In Canada, politicians jump the queue or hop over to the US. The rich and powerful are seldom without. Obama may be an operational centrist, but he’s all about heavy-duty planning. The guy can’t conceive of anything but a planned economy.

As bad as the Democrats are, let us not forget the quintessential con men and women: the Republicans. They’ve just about to compromise on a credit-card bill of rights. As you know, the right to carry debt with no penalty is enshrined in the Constitution.

Yaron Brook of the Ayn Rand Institute details the Republicans’ contribution to socializing American health care:

“[A]lthough they claim to oppose the expansion of government interference in medicine, Republicans don’t, in fact, have a good track record of fighting it.

Indeed, Republicans have been responsible for major expansions of government health care programs: As governor of Massachusetts, Mitt Romney oversaw the enactment of the nation’s first ‘universal coverage’ plan, initially estimated at $1.5 billion per year but already overrunning cost projections. Arnold Schwarzenegger, who pledged not to raise any new taxes, has just pushed through his own ‘universal coverage’ measure, projected to cost Californians more than $14 billion. And President Bush’s colossal prescription drug entitlement–expected to cost taxpayers more than $1.2 trillion over the next decade–was the largest expansion of government control over health care in 40 years.”

“The solution to this ongoing crisis,” writes Brook, “is to recognize that the very idea of a ‘right’ to health care is a perversion. There can be no such thing as a ‘right’ to products or services created by the effort of others, and this most definitely includes medical products and services. Rights, as our founding fathers conceived them, are not claims to economic goods, but freedoms of action.

You are free to see a doctor and pay him for his services–no one may forcibly prevent you from doing so. But you do not have a ‘right’ to force the doctor to treat you without charge or to force others to pay for your treatment. The rights of some cannot require the coercion and sacrifice of others.

So long as Republicans fail to challenge the concept of a ‘right’ to health care, their appeals to ‘market-based’ solutions are worse than empty words. They will continue to abet the Democrats’ expansion of government interference in medicine, right up to the dead end of a completely socialized system.

By contrast, the rejection of the entitlement mentality in favor of a proper conception of rights would provide the moral basis for real and lasting solutions to our health care problems…”

[SNIP]

The Republicans—who, as I’ve joked quite seriously, need a giant tin-foil hat; not a bigger tent—have never made an argument from rights. I doubt they know what a negative individual right is.

With the exception of Meghaaan McCain and Carrie Prejean, of course.

Update III (May 13): LEONARD PEIKOFF is still the best at battling the enslavement of doctors.

Update IV (May 14): A correction to the low-ball guesstimates hereunder as to the amount of debt carried by each American: “Every American is now burdened, most of them unknowingly, with $184,000 in federal liabilities and unfunded government promises.”

Top House Democrat Dumbfounded By Report On ‘Right-Wing Extremism’

Fascism, Homeland Security, Intelligence, Military, Propaganda, Terrorism

By now most of you will have heard that, as the Washington Times divulged, the Department of Homeland Security, headed by Janet Napolitano, “issued April 7 a nine-page document titled ‘Rightwing Extremism: Current Economic and Political Climate Fueling Resurgence in Radicalization and Recruitment.'”

Rightwing extremism,” the report said in a footnote on Page 2, goes beyond religious and racial hate groups and extends to “those that are mainly antigovernment, rejecting federal authority in favor of state or local authority, or rejecting government authority entirely.”

“It may include groups and individuals that are dedicated to a single issue, such as opposition to abortion or immigration,” said the report, which also listed gun owners and veterans of the Iraq and Afghanistan wars as potential risks.

To one Democrat’s credit, he protested. Rep. Bennie Thompson of Mississippi, the top House Democrat with oversight of the Department of Homeland Security, demanded that “Homeland Security officials explain how and why they wrote the report and whether it poses any threat to civil liberties.”

“As I am certain you agree, freedom of association and freedom of speech are guaranteed to all Americans – whether a person’s beliefs, whatever their political orientation, are ‘extremist’ or not,” Mr. Thompson said.

Everyone is up in arms about the libel this is to army men. What about to immigration patriots? Second Amendment defenders? Limited government crusaders? Tax protesters?

Every time, someone cries “the children; we’re saddling our children with debt, ” I cringe. F-ck the children. What about We the Workings Stiffs? I’m beginning to feel the same about “our men and women in the military” mantra. The military is not more deserving than the rest of us.

One more thing: The report was commissioned during the administration of President George W. Bush and completed by his worthy successor.