Category Archives: Politics

Hillary’s Trust Issue

Economy, Ethics, Hillary Clinton, Politics, Taxation

Not content with acquiring wealth through the dishonest, predatory process of politics (to contrast with the honest, productive, economic means of earning a living)—Hillary Clinton and husband have protected their ill-gotten gains from the taxman through trusts. These are “common among multimillionaires, and help shield some of their estate from the [inheritance] tax that now tops out at 40 percent of assets upon death.” BloombergBusiness:

Among the tax advantages of such trusts is that any appreciation in the [asset’s] value can happen outside their taxable estate. The move could save the Clintons hundreds of thousands of dollars in estate taxes …

The height of Hillary’s hypocrisy, however, is that, while she “shields her own wealth from it,” she recommended, during her last campaign, that estate taxes be further raised on Americans who’ve managed to amass more than $3.5 million.

… Clinton supported making wealthier people pay more estate tax by capping the per-person exemption at $3.5 million and setting the top rate at 45 percent, a policy Obama still supports. Congress decided to go in the other direction and Obama went along as part of a broader compromise. The per-person exemption is now $5.34 million..

Clinton has referred to estate tax as a “wealth tax.”

To say that she has a trust issue is to minimize how repulsive these people truly are.

Rand Paul Shoots From The Hip

libertarianism, Political Philosophy, Politics

Rand Paul might be a disappointment to principled libertarians, however, one cannot deny his smarts, quickness, humor and verbal fluidity. On some matters, Rand is even trying to somewhat pacify us libertarians by articulating a kind of gradualism; he seems to be promising to eventually arrive at our positions (no foreign aid, for example), only gradually, first kicking overt haters off US welfare rolls. That sort of thing.

His refusal to apologize and be more obsequious is refreshing.

Here are captions of Rand’s interview with Wolf Blitzer, down to the one hysterical headline:

“Rand Paul Sparks Uproar About Abortion.”

“Justice System Not Treating People Equally.”

On Hillary Clinton’s Emails.

“I’m Universally Short-Tempered With All Reporters.”

Carly Fiorina Kills It

Business, Economy, Elections, Hillary Clinton, Politics

Former Hewlett-Packard chief Carly Fiorina, soon to be a presidential candidate, comes across as a genius compared to the low IQ Hillary Clinton (as Ann Coulter diagnosed The Hildebeest).

As libertarian economist Murray Rothbard reminded, there “are two mutually exclusive ways of acquiring wealth”—the economic means is honest and productive, the political means is dishonest and predatory. … but oh so very effective. Democrats, who respect only the predatory political way of making a living—will hammer Fiorina for her business career.

Fiorina is eloquent in this candid interview with Fox News’ Chris Wallace.

WALLACE: Amid a crowded 2016 Republican field, the challenge now becomes finding a way to stand out. If she runs, former Hewlett-Packard chief Carly Fiorina would have no trouble doing that as the only woman in the GOP field. In recent weeks, she has also become a leading critic of Democratic front-runner, Hillary Clinton.

Ms. Fiorina, welcome back to “Fox News Sunday.”

CARLY FIORNIA, FORMER HEWLETT PACKARD CHIEF: Great to be with you. Happy Palm Sunday.

WALLACE: Well, thank you.

What are the chances that you’re going to run for president?

FIORINA: Very high.

WALLACE: You’re a former businesswoman. Give me a number.

FIORINA: Higher than 90 percent.

WALLACE: Really?

FIORINA: Yes, sir.

WALLACE: So what would prevent you? Why aren’t you willing to announce right here today, I’m a candidate for president?

FIORINA: Well, because, you know, we need — as other potential candidates are doing, we need to make sure we have the right team in place, that we have the right support, that we have the right financial resources lined up, just as all the other potential candidates are doing.

WALLACE: And when would you announce?

FIORINA: Probably late April, early May.

WALLACE: If you run, and it would be in a field of current and former governors, several current senators, why should Republican voters pick you?

FIORINA: Because I have a deep understanding of how the economy actually works, having started as a secretary and become the chief executive of the largest technology company in the world because I understand how the world works and know many of the world leaders on the stage today because I understand technology, a transformational tool, because I understand bureaucracies — how they work and how you need to change them and our government is a huge bureaucracy, and because I understand executive decision-making, which is making tough calls in tough times with high stakes for which you’re prepared to be held accountable.

WALLACE: OK. Let’s talk specifically about your experience as a business executive. Beyond the typical Republican talking points, not to say that they’re wrong, but what are your ideas that are different about the economy and about dealing with our national debt?

FIORINA: Well, I think we have two fundamental structural problems in our economy. One is that we have tangled people up in a web of dependence from which they can’t escape. We’re leaving lots of talent on the field. Secondly, we’re crushing small businesses now.

Elizabeth Warren is right, crony capitalism is alive and well. Big business and big government go hand in hand. But for the first time in U.S. history now, we are destroying more businesses than we are creating. And so, while we have 10 banks, too big to fail, now have become five big banks too big to fail, 3,000 community banks have gone out of business, and that’s where family-owned and small businesses get their chance. That’s important because small businesses create two thirds of the new jobs and employ half the people.

So, if we want mainstream and the middle class going and growing again, we’ve got to get small and family-owned businesses going and growing again. Washington, D.C. has become a vast unaccountable bureaucracy. It’s been growing for 40 years. We have no idea how our money is spent.

I think there are two things that would help tremendously. One, zero base budgeting, so we know where the money is spent. We’re talking about the whole budget and not just the rate of increase.

And two, pay for performance in our civil service. We have — how many inspector general reports do we need to read that say, you know, you can watch porn all day and get paid exactly the same way as somebody who is trying to do their job?

WALLACE: But, Ms. Fiorina, and you know this is coming, your record at head of Hewlett Packard, and you were the CEO for five and a half years, and you were the first woman to lead a Fortune 100 company, is going to be controversial. Let’s put up some of the things on the screen.

During your five and a half years, you laid off — the company laid off more than 30,000 American workers, many of those jobs went to India and China, and Hewlett-Packard stock fell 49 percent and the board of directors fired you.

Isn’t that a record that you’re going to get hammered with?

FIORINA: Well, I’m very proud of our record. We took Hewlett-Packard from about $44 billion to $88 billion in six years. We took the growth rate from 2 percent to 9 percent. We tripled the rate of innovation to 11 patents a day. We quadrupled cash flow.

We went from a market laggard to a market leader in every product category and every market segment. And we grew jobs.

It is true that I managed through the worst technology recession in 25 years. You will remember the NASDAQ has only now recovered to its dotcom boom highs after 15 years. So, virtually, every technology stock was down over that same period.

And while it’s true that in a technology recession, we had to lay people off, many of those people were in Europe and elsewhere, and the truth is we outsourced more California jobs to Texas than we did to India or China, demonstrating we have to compete for every job.

WALLACE: But you know what’s going to happen. If you were the nominee, exactly what happened to Mitt Romney. There were 30,000 American jobs that were lost and they can get two or three or 200 people to go on and say, well, Carly Fiorina got a $20 million severance package, I lost my job. I mean, they’ll make you look like an unfeeling multimillionaire.

FIORINA: Well, first, I think you’re reading the Democratic talking points because it was not all American jobs. But of course, laying people off is the last resort. It’s a terrible thing to have to do.

But when you are managing through the worst technology recession in 25 years, sometimes there are tough calls that need to be made for the overall health of the enterprise. And in the end, we took a company that was really struggling and turned it into an exceedingly successful company where overall jobs grew.

WALLACE: You seem to take special delight in going after Hillary Clinton. And here is one of your greatest hits.

(BEGIN VIDEO CLIP)

FIORINA: Unlike Mrs. Clinton, I know that flying is an activity, not an accomplishment. I have met — I have met Vladimir Putin, and I know that his ambition will not be deterred by a gimmicky red reset button.

Mrs. Clinton, please name an accomplishment.

(END VIDEO CLIP)

WALLACE: That’s pretty good stuff. What is your basic case against Hillary Clinton?

FIORINA: Hillary Clinton lacks a track record of accomplishment. She is not candid, which suggests her character is flawed. And I think now in e-mail gate, we not only have a situation where she is clearly not being candid. I mean, her saying all those e-mails she erased were just her and Bill chatting is a little bit like Richard Nixon saying those erased moments on the tape were he and Pat talking. That’s ridiculous. There’s more than that.

But I also think there’s a confidence issue now. Anyone in 2015 to say you can’t have two e-mail accounts on a single device obviously doesn’t understand technology. When she talks about we had Secret Service agents guarding our server, for heaven’s sakes we’re not concerned about the server being stolen. We’re concerned about the server being hacked.

WALLACE: All right. Let me pick up on that, because Clinton’s lawyers, the latest development is late Friday, they told the House Benghazi committee, there’s no point going after the server because we have wiped clean all of the e-mails and so all of those 30,000 private e-mails, so-called private e-mails are gone. One, what do you make of it? Two, what do Republican investigators do now?

FIORINA: Well, I think it was part of the plan all along that the Clintons had. Look, I think it was very deliberate that they had a private server. I think it was very deliberate that she used a personal e-mail account. I think this clearly was a deliberate effort to shield her communications.

I don’t quite know what the investigators can do at this point, but I know this, we need a nominee who will bring this up in the general election. The reason Benghazi was not enough of an issue in the 2012 election is because, unfortunately, our nominee pulled his punches when he had an opportunity to remind the American people of the Benghazi tragedy and scandal.

WALLACE: So, what are you saying, you won’t pull your punches on Hillary?

FIORINA: Oh, I will not pull my punches — not now and not in a general election.

WALLACE: Some people have suggested, even as I ask it, it sounds sexist, you’re really running to be the running mate, that you would the person to lead the attack against Hillary Clinton. It would be easier for you as a woman attacking another woman and that you would in a sense neutralize the vulnerabilities the Republican Party has with women?

FIORINA: You know, I come from a world outside of politics where track record and accomplishments count, words don’t. If I run for president, it’s because I can win the job and it’s because I can do the job.

WALLACE: Would you even consider being the running mate?

FIORINA: Well, when you start asking all the other candidates that question, then maybe we’ll have that conversation.

WALLACE: Fair enough. Carly Fiorina, thank you for coming in. Always good to talk with you. And we will be following your big decision.

FIORINA: Thank you so much, Chris, for having me.

WALLACE: Please come back here, and let us know.

FIORINA: All right.

Repeal Unnecessary Laws, But Quit The Ferguson Racism Libel

Crime, Law, Media, Politics, Race, Racism

The moron media, reporters like CNN’s Sara Sidner front-and-center, have framed the Ferguson Report released by the Department of Justice as offering conclusive proof of institutionalized racism. With pride can Sidner The Inciter tweet out praise for her impartial reporting, but that doesn’t make it so.

The Ferguson Report is the best of pseudoscience. Most in the media, Sidner for one, do not appear to have the wherewithal to understand that confounding variables are at play here: The reason blacks are more likely than whites to be stopped by law enforcement is that there are differences in rates of offense between blacks and whites (and Asian, by the way, who’re conveniently omitted from the “disparate impact” formula used by our racism-spotters, because they’re likely to commit fewer offenses than whites).

Not even Radley Balko’s plaintive account, illustrating the correlation between poverty and lack of compliance with the law, manages to make the case for institutionalized racism, as Megyn Kelly mindlessly called it.

Radley writes:

“These are people who make the same mistakes you or I do — speeding, not wearing a seatbelt, forgetting to get your car inspected on time. The difference is that they don’t have the money to pay the fines. Or they have kids, or jobs that don’t allow them to take time off for two or three court appearances. When you can’t pay the fines, you get fined for that, too. And when you can’t get to court, you get an arrest warrant.”

All Americans groan under too many laws and regulations. The police and government see us all “as little more than sources of revenue.” Some of us find it harder to comply with these many, mostly-unjust laws.

Repeal unnecessary laws—and certainly laws criminalizing the use of drugs and their sale—but stop the racism libel.

With respect to the open season on cops in Ferguson, Missouri, it’s hard to fault Andrew C. McCarthy when he suggests the following about politicians:

When public officials signal to the mob that its anger is so justified that its criminal behavior, even if not exactly condoned, will be rationalized, minimized, or ignored, they are facilitating criminality. So of course they should be deemed contributorily culpable when the criminality happens.

What about members of a media-congressional complex who pose as impartial agents when they are in fact agents provocateurs?