Category Archives: Politics

Update II: Bachmann & Paul Against Bernanke

Federal Reserve Bank, Foreign Policy, Iran, Liberty, Military, Politics, Ron Paul, War

I like the idea of a Ron Paul and Michele Bachmann ticket. Paul needs no introduction, but Bachmann is bright in the way Palin isn’t; she is intellectually curious in the way Palin is not (this accounts for why she has beefed up her knowledge of the Fed and is familiar with Tom Woods’ Meltdown); she is attractive, and she drives liberals stark raving mad. (Or madder)

Here Bachmann introduces Paul:

And here is Paul:

Update (Sept. 28): With respect to “Hot Air,” advanced hereunder by Haym as an ostensible source of credible opinion; it isn’t. Credible news, quite possibly, but not opinion. At least not on foreign policy. And not on this site. (Yeah, the adventure in Iraq was fun wasn’t it!) This is a libertarian site; Hot Air is neoconservative. We’ve adjudicated the last 8 years of foreign policy here on BAB in blog posts and in article on IlanaMercer.com. My perspective, which comports with that of Paul, albeit with some differences, has been vindicated. I’m surprised war mongers are unrepentant, and are still be plumping for preemptive war against countries that have not aggressed against the US given the lessons of Iraq. I guess when it’s not your kid who’s hobbling around on prostheses or dead, it doesn’t much move the mind, much less the heart. The “isolationism” pejorative is lobbed by neoconservatives when they wish to discredit those of us who believe in fighting just wars only. It’s like pacifist.

Update II (Sept. 29): I am sure Myron has preordered his copy of “Going Rogue: An American Life.”

The Price Of The Parasitical Class

Business, Debt, Government, Labor, Politics, Regulation, Socialism, Taxation, The State

Maybe the following sobering statistics will penetrate the thick skulls of those who crave the creation of new government departments filled with workers who are free to pay themselves very generous packages, out of tax dollars, while looking forward to retiring a decade sooner than the stiffs who support them; and providing, in return, that stellar service for which the US Postal Service has become famous. Ah, for a government job!

The obscene numbers come courtesy of the “The Free Enterprise Nation”:

• When wages and benefits are combined, federal civilian workers averaged $119,982 in 2008, twice the average compensation of $59,909 for private sector workers.
• A State of California retiree gets an annual pension of $500,000
• A driver’s education teacher in Illinois gets a $170,000 annual salary and $120,000 annual pension.
• In New York, some city workers amass more than $100,000 in overtime during their last year before retirement to create a monthly pension higher than their salary.
• 420 of Illinois’s physical education teachers, 332 English teachers and 94 driver’s education teachers make more than $100,000 a year, with salaries for each position topping out at more than $160,000 a year.
• A senior citizen in Houston, Texas would find their number of police officers has remained the same for six years running, despite a 40 percent budget increase to cover higher salaries, pension and healthcare benefits.
• A small business receiving an IOU in California might be surprised to learn that in 2008, 40 percent of Vallejo’s 613 employees had salaries greater than $100,000 a year, the same year the city filed for bankruptcy.
• In Fort Worth, Texas, one police chief recently retired at age 55 with a guaranteed annual pension of $188,692. His successor retired at age 52 with an annual pension of $113,614. In the Northeast, two University of Connecticut professors are currently collecting six-figure pensions while simultaneously collecting a six-figure salary.

There are 115 million workers in the private sector, a portion of whom carry 20 million of these pampered parasites on their backs. (Yes, Republicans: Your beloved police and military are numbered among them!)

ANY PUNDIT WHO preaches, as MSNBC’s Rachel Maddow does nightly, more bureaucracies, should have to hear from YOU. Flood their miserable cable station with indignant letters.

“The Free Enterprise Nation” “is beginning a national effort to unite more than 5 million businesses with 115 million employees and everyday citizens to fight excessive government spending on a bureaucracy too big to sustain.”

The Free Enterprise Nation represents the economic interests of the businesses and employees who are taxed to provide government and public education employees higher wages and pension benefits, 10 to 25 years sooner, than can be provided in the private sector. The effort launched today with a full-page ad in the Wall Street Journal to be followed by full-page ads in Inc., FORTUNE Small Business, Forbes, and Fast Co.

The Value Of Lying

Christian Right, Conservatism, Debt, Politics, Religion, Republicans, Ron Paul, Sarah Palin

While we’re on the subject of liars and the lies they tell, a Values Voter Summit took place in Washington earlier today.

Read about John Boehner’s deceptions in this WSJ report.

Contra Boehner, the Democrats did not bankrupt the country; Bush did the dues before them; Barack is finishing what Bush began. The Republicans can’t “take our country back”; and Democrats have no more undermined national security than the Republicans did under Bush.

At the valueless summit, a straw poll was held and some straw men selected as favorites for president in 2012. Some learning curve, Middle America!

Huckabee grabbed nearly 29 percent of the vote. “Romney, Pawlenty, Palin and Pence each won roughly 12 percent of the 597 votes cast.”

Does anyone know if this hapless lot even invited Ron Paul?

Updated: No Experience In Ruining The Country

Capitalism, Debt, Economy, Federal Reserve Bank, Foreign Policy, Political Economy, Politics

“My lack of experience is my greatest attribute. I have no experience in ruining the country,” said a witty Peter Schiff, who announced (on MSNBC’s “Morning Joe”) a run for the US Senate in his home state of Connecticut. After whipping the Republicans, we hope, Schiff will challenge Democrat Chris Dodd, the poster boy for the “experience” that has ruined this country.

Update (Sept. 19): Van Wijk is correct: As a financial analyst with a considerable clientele, Schiff has wisely steered clear from being excessively political. To me, this means that he is a careful man, who thinks hard before mouthing off. The more issues one expatiates upon as a commentator, the more people one risks angering and alienating. I should know. Why do you think that so-called “courageous” columnists such as Ann Coulter stick to a limited range of issues—“liberal this; liberal that, the wonders of war, and the horrors of abortion, etc.”—while avoiding the hard ones (immigration, the “national question,” the economy)? Because by being completely uncontroversial she never risks alienating the base.

I always come back to Kevin Michael Grace’s aphorism: “The secret to becoming a successful right-wing columnist,” quipped the Canadian conservative, “is to echo the mob while complimenting yourself on your daring.”

Schiff has been fearless on matters economical—fearless and correct. He is also a libertarian and a former adviser to Ron Paul. His positions—and he’ll come out with them in the fullness of time—would correspond with Paul’s.

Another thing: everything does boil down to an understanding that one cannot spend funds one doesn’t have. Think about the Republicans who ran in the primaries. Did you ever hear any of them say, “folks, I’d love to indulge your phony rah-rah-for-the-troops patriotism and keep the army in Iraq, but we’re out of money”?