UPDATED/Cain Campaign Suspended: Steamy Windows Or Steamed-Up Liberals? (& Does It Matter?)

Elections, Ethics, Media, Morality, Politics, Uncategorized

Dennis Miller, a very funny neoconservative (that is a liberal who really likes war), threw in the towel over the Cain fracas. Quoting a caller to his radio show, Miller said that when it comes to Republican presidential candidate Herman Cain, there is too much steam on the windows and too little in the engine. Bloody funny, for sure.

Still, I tend to think that Ann Coulter makes a good case about the meritless evidence against Cain. Writes Coulter: “Most people say, ‘Where there’s smoke, there’s fire.’ I say, ‘Where there’s smoke around a conservative, there are journalists furiously rubbing two sticks together.'” Read her assessment of that evidence.

Yes, Cain’s alleged consorts are trashy. But it could be that Mr. Cain is drawn to trashy women. The fact that these women are trashy is no proof that he has not consorted with them. Either way, alleged moral or ethical indiscretions don’t disqualify Mr. Cain for the position of “the boss of all bosses at 1600 Pennsylvania Avenue”; if anything, they make him eminently suited to be Capo di tutti capi of America.

“Saturday Is ‘Decision Day’ for GOP Presidential Contender Herman Cain.”

UPDATE (Dec. 3): Cain Campaign Suspended:

Herman Cain announced Saturday he was suspending his bid for the Republican presidential nomination, citing the “painful price” sexual harassment and extramarital affair allegations have had on his family.

One Nation Under Inflation

Debt, EU, Europe, Fascism, Federal Reserve Bank, Federalism, Political Philosophy, Regulation, Socialism, States' Rights

“When it grows up, the EU wants to be just like the US. That was Jose Manuel Barroso’s message to his host at the US Public Broadcasting Service.” The excerpt is is from “One Nation Under Inflation,” now on WND.COM:

“The EU Commission president, a chap called Jose Manuel Barroso, told PBS’s Jeffrey Brown, on November 28, that the European suprastate is not quite up to American statist standards.

Barroso lamented that the EU lacks America’s level of ‘convergence’: ‘We have a common currency, but not, for instance, a common treasury,’ said this slick operator. Fiscal discipline (one wonders what our commissar means by that) can only come about with more ‘pooling of sovereignty.’

The Commission’s president certainly sees the US as a model ‘fiscal union,’ with a high degree of ‘fiscal policy’ ‘integration’ throughout; and is almost envious of the fact that the US federal government possesses ‘the instruments’ that have allowed it to accumulate enormous liabilities: Evidently, America’s debt-to-GDP ratio is larger than the European Union’s.

In a nutshell: Barroso longs for Brussels to be able to do the necessary tinkering to keep the PIIGS of the Eurozone —Portugal, Ireland, Italy, Greece, and Spain—living at the expense of their more industrious, austere neighbors to the north. (Presiding European bureaucrats like himself live-it-up no matter where they reside.) The EU, complained its Capo di tutti capi, needs to create those “instruments.”

When it comes to Newspeak, Barroso still beats Obama.

In any event, when it grows up, the EU wants to be just like the US. That was Jose Manuel Barroso’s message to his host at the US Public Broadcasting Service. So successfully has the Unites States government submerged the sovereignty of its states that a top European technocrat longs to be like us. We must be in worse shape than we imagined. …”

The complete column, The excerpt is is from “One Nation Under Inflation,” now on WND.COM. Read it.

My book, “Into the Cannibal’s Pot: Lessons for America from Post-Apartheid South Africa,” is available from Amazon. (Don’t forget those reviews; they help.)

A Kindle copy is also on sale.

Barnes and Noble is always well-stocked and ships within 24 hours.

Still better, shipping is free and prompt if you purchase Into the Cannibal’s Pot from The Publisher. Inquire about an Xmas special on bulk buys.

Mr. Omega to Alpha Male Obama: ‘Quit Your Cr-p!’

Barack Obama, Business, Democrats, Education, Elections, Political Economy, Politics

“If I am not for myself, then who will be for me? … And if not now, when?” said Rabbi Hillel the Elder.

At last a fabulously rich, self-made man has awoken to the fact that it’s time to fight for his life’s work; stand up for his achievements, take pride in his intelligence and graft. Quit pretending an agitator from Chicago, who has lived off the public teat for his entire life, is better than a billionaire who has built a business from scratch. Billionaire investor Leon Cooperman has “made public his letter to the President.” Read it on Gerri Willis’ Fox Business blog.

I like the part where he shows president ponce what real work means, although I am sick of the give-back fallacy or the pleas about divisiveness. That the president is divisive is secondary to the fact that he’s an ass with ears, ignorant of economics and oblivious to rights.

To the letter (I think Cooperman is far more eloquent than Peggy Noonan, Court Courtesan to Bush, whom Cooperman praises):

Just to be clear, while I have been richly rewarded by a life of hard work (and a great deal of luck), I was not to-the-manor-born. My father was a plumber who practiced his trade in the South Bronx after he and my mother emigrated from Poland. I was the first member of my family to earn a college degree. I benefited from both a good public education system (P.S. 75, Morris High School and Hunter College, all in the Bronx) and my parents’ constant prodding. When I joined Goldman Sachs following graduation from Columbia University’s business school, I had no money in the bank, a negative net worth, a National Defense Education Act student loan to repay, and a six-month-old child (not to mention his mother, my wife of now 47 years) to support. I had a successful, near-25-year run at Goldman, which I left 20 years ago to start a private investment firm. As a result of my good fortune, I have been able to give away to those less blessed far more than I have spent on myself and my family over a lifetime, and last year I subscribed to Warren Buffet’s Giving Pledge to ensure that my money, properly stewarded, continues to do some good after I’m gone.

My story is anything but unique. I know many people who are similarly situated, by both humble family history and hard-won accomplishment, whose greatest joy in life is to use their resources to sustain their communities. Some have achieved a level of wealth where philanthropy is no longer a by-product of their work but its primary impetus. This is as it should be. We feel privileged to be in a position to give back, and we do. My parents would have expected nothing less of me.

I am not, by training or disposition, a policy wonk, polemicist or pamphleteer. I confess admiration for those who, with greater clarity of expression and command of the relevant statistical details, make these same points with more eloquence and authoritativeness than I can hope to muster. For recent examples, I would point you to “Hunting the Rich” (Leaders, The Economist, September 24, 2011), “The Divider vs. the Thinker” (Peggy Noonan, The Wall Street Journal, October 29, 2011), “Wall Street Occupiers Misdirect Anger” (Christine Todd Whitman, Bloomberg, October 31, 2011), and “Beyond Occupy” (Bill Keller, The New York Times, October 31, 2011) – all, if you haven’t read them, making estimable work of the subject. …

Read more.

Save the People; Fail the EU

Economy, EU, Europe, Federal Reserve Bank, Foreign Policy, Free Markets, Iran, Political Economy, Propaganda, Trade

“The EU is our biggest trading partner. We cannot afford to let it fail. We send much of our goods and services to Europe. We share their values. We want to crush Iran with our European pals. They bomb and regulate the world with us. If the Eurozone goes down in flames; if we let them—we’ll be next.” So said President Barack Obama on November 28. Well, sort of. (Okay, I’ve ad-libbed a LOT, but I think I know my president by now.)

Obama was entertaining leaders of the European Union. He promised them that America would stand ready to do its part to help them withstand the Eurozone crisis.

The stakes are too high, you say? For whom, Mr. President? Cui Bono? Who Benefits, Barack?

Ask yourself that question each time you hear a reporter/pundit/analyst/politician insist that the EU and the Euro zone cannot be allowed to fail.

In reply to the question as to what will happen if this colossus collapses, the stakeholders above parrot a bunch of non sequiturs or circular arguments. In the tradition of “a statement that does not follow logically from what preceded it,” these reasons don’t necessarily obtain:

We can’t allow the thing to fail because the stakes are too high. Again: For whom?

David Böcking of Spiegel Online (a most intelligent newspaper; the Germans are impressive) advances the arguments against the break-up of the Eurozone. These are mostly legalistic, and are not rooted in real economic realities. The treaties, observes Böcking, don’t allow for easy disengagement. Legal disputes could arise over debt owed if the seceding country had borrowed money. And, mostly, sinecured EU official would lose sway on the world stage.

Brace for impact, if you believed these bastards, but here are the economic realities:

We flesh-and-blood Americans trade not with Barack or with Brussels, the seat of the European central government, but rather with the people of Belgium, the Netherland, Germany, France. If the financial institutions into which Europeans and Americans have been herded by bureaucrats on both sides of the Atlantic collapse, well then, individual producers and traders will find a way to make a living without these artificial, inorganic structures.

This is a failure of government, not of all the people, although some of the governed, maybe even the majority, have failed. The people who’ve failed are those who have eaten the state’s forbidden fruit.