UPDATED: Mañana: Manna Will Fall From DC Heavens (Bunk Obama)

Barack Obama, Debt, Economy, EU, Europe, Federal Reserve Bank, Journalism, Media, Political Philosophy, Regulation

Streamed into American living rooms, almost hourly, is an ad with MSNBC commentator Rachel Maddow. In the ad, Maddow, whose version of a tinfoil hat is the hardhat, has taken up a position at the foot of the Hoover Dam. Face turned upwards, with childlike faith, she seems to be expressing hope that money will fall like manna from the DC heavens, and that the government will build another such giant dam. Rumor has it that the Messiah will deliver. Mañana.

More to the point, the American cognoscenti, monetary movers-and shakers included, are agreed: The make-work projects of a bankrupt government can cure a country’s economy. Perhaps they don’t know that the money to make work is either stolen (taxed), printed (theft by stealth), or borrowed (fraud if you can’t pay it back).

Among these people a consensus exists: National bankruptcy could never befall the US, because it has a printing press—a paper Pantheon where magic money is manufactured. And we are all expected to believe, based on the divination of the animal spirits, that an abundance of paper, and not production, will produce prosperity.

No less a moocher than the Greek Finance Minister seems to understand that to fix his country’s finances he must privatize industries, cut public-sector wages, and implement a range of labor-market reforms.

He gets it, but not Rachel Maddow. She’s waiting for BHO to deliver. Tomorrow.

UPDATE (Sept. 8): BUNK OBAMA. Please don’t expect a run-down of Zero’s latest plan to spend more money without incurring any more debt. That’s the administration’s claim for its latest political shenanigans.

I’ll be bunking Barack’s speech.

“Illinois Republican Rep. Joe Walsh was the first to announce his intentional absence last week, saying he didn’t want to act as a ‘prop’ for Obama’s speech.” Others have followed, including Ron Paul, who had set the precedent for skipping presidential extravaganzas.

How low have we fallen: The White House is touting
an enhanced live stream with charts, graphs, and quick stats at WhiteHouse.gov/live.” Yippee. ONLY NEXT WEEK will the president divulge how he intends to pay for the purported $400 billion in deficit-spending he will be proposing, shortly.

If the guy meant business, he’d repeal ObamaCare and all the thousands of pages of other regulation he has signed into law since his pox-full presidency began. He’d adopt flat, very LOW, corporate and individual tax rates. And he’d stop stimulating his package in public. It’s obscene.

UPDATED: Scheuer: Big Bad Israel Vs. Poor Little Empire (The ‘Sir’ Thing)

America, Anti-Semitism, Education, Foreign Policy, Israel, Political Economy, Technology

Michael Scheuer is so predicable in his attempts to be unpredictable. I knew right away what Scheuer would say when Judge Napolitano, of Freedom Watch, brought up the matter of US spying on Israel. The Jewish State is no ally; it deserves what it gets, said Scheuer.

Oh the contradictions! The likes of Scheuer see the US as a bad actor everywhere around the world. Except when it comes to the Jewish State. When it concerns Israel, big bad America suddenly becomes poor little Empire.

Inconsistency in thinking is never a nice thing to behold.

Scheuer also claimed that Israel has been stealing America’s intellectual property, an assertion for which he offered no evidence.

Who do you think invented Microsoft’s “Kinect,” which is in the Guinness Book of Records as the “Fastest-Selling Consumer Electronics Device” ever? Scheuer would like to claim the invention for the US, but it belongs to an Israeli outfit called PrimeSense.

Jealously is as ugly as inconsistency. My sources in the high-tech industry confirm that Israel has been on the cutting edge for quite sometime. Significant is the trend. And it is unmistakable: “Emerging markets,” as Israel is, are becoming freer, whereas America is becoming less free. The devil is in that detail.

Moreover, there is the issue of education. Take Germany. It is socialistic like Israel, but has a splendid education system, which remains unburdened by political correctness. The Germans run the same sort of schools I attended growing up in Israel, where, because no pedagogue believes all kids are created equal, students are streamed into different tracks. Israel, I suspect, is unencumbered by the kind of education system that graduates retarded kids as America does.

UPDATE: THE “SIR” THING. Kerry, it’s uncanny. I was thinking the same. Scheuer’s habit of saying “Sir” constantly is his way of appearing like a straight arrow. You know; like man with military discipline. “Take what I say to the bank, Sir.” It’s so phony.

Perry’s Political Pedigree

Democrats, Elections, Republicans, Ron Paul

Ron Paul was one of only 4 congressmen to endorse Ronald Reagan’s campaign for president. After Reagan, Al Gore found an enthusiastic cheerleader in Texas, who looked nothing like a Dallas Cowboys cheerleader. According to the latest Campaign For Liberty ad, Rick Perry helped lead the Al Gore campaign to undo the Reagan Revolution. The Paul Campaign’s pitch about an untrustworthy Perry is persuasive. Rudderless is also a good description for the core of Perry.

Wrong About Ron

Democrats, Elections, Foreign Policy, Left-Liberalism And Progressivisim, Military, Republicans, Ron Paul

The DC Establishment, left and right—the engorged organism I call the media-military-congressional complex—thinks of Ron Paul as “charming”; his “heresies—his denunciations of ‘militarism,’ even his suggestion that Iran might have understandable reasons for wanting nukes and it might not be so terrible if they got one—[as the] tolerated [and] lovable eccentricities of a cranky but harmless uncle.” Or so writes Hendrik Hertzberg of The New Yorker.

Hertzberg has a point.

But his kind is as detached from mainstream America as the Republicans he lambastes (Let us hope that this will be their undoing.) Ron Paul’s stance against American militarism around the world makes him appealing to voters on the left, the (real) right, and the center. All are well represented among the millions who are jobless and without an income. All would prefer to see “charity” (I use the word in the loosest possible way for the evil the US perpetrates around the world) begin at home, not abroad. Like or dislike him, Ron Paul is the only Republican presidential contender whose foreign policy position can unite left, right and independent Americans.

Provided all factions begin to … THINK.