Amen!!!.....

Government is not the solution....government is the problem. Truer words have never been spoken, of course, that didn't mean shit in those days and it wont these days. Nothing will stop the Empire from imploding over the next decade or so.

Are you making any plans to save your ass?




Mish's Global Economic Trend Analysis: Misguided Views of Libertarian Economics and the Alternative "Regulation" Model

One of the brightest regulars who comments on my blog has a totally distorted view of what Libertarian economics is all about. Unfortunately, I am quite confident that her view is mainstream.

Tin Hat writes ...

Here is the core premise behind libertarian economics:

The private business sector will put ethics, morality and public employee good above profits, shareholders, bonuses, golden parachutes and CEO compensation -- IF they were completely unfettered from any government imposed rules, laws, and regulations.

And IF the private sector entity failed in its fiduciary duty to the public, Main Street would rise up and kick them out.

That's Corporatism.

Regulation Model vs. the Libertarian Model

Sorry Tin Hat but that is not what Libertarian economics is all about or stands for at all.

First let's ponder the "Regulation" Model.

The "Regulation" model assumes Barney Frank (feel free to substitute your least favorite representative) will write responsible legislation and Congress will stop taking bribes for legislation they want.

Here are some examples of what the regulation models has wrought.

* The regulation model sponsored Fannie Mae and Freddie Mac.
* The regulation model gave huge tax breaks written by GE for GE
* The regulation model encourages flight of jobs overseas
* The regulation model supports corrupt public unions that have bankrupted cities and states
* The regulation model gave us the Fed and its bubble blowing policies
* The regulation model gave us thousands of affordable home programs all of which drove up the price of homes
* The regulation model provides hundreds of billions of dollars of student loans the effect of which is to make those graduating from school now, perpetual debt slaves.
* The regulation model gave us a healthcare bill we literally "had to pass to find out what was in it" according to Nancy Pelosi. Congress did not write that bill, it was entirely written by a consortium of special interest lobbyists.

I can provide thousands of more examples of what the "regulation" model has given us.

The very best financial regulation will ever do is prevent the last crisis.

Hard to agree with this guy....

It's not a corporation's place to social engineer. Or create jobs just for the sake of being a do gooder. Piling up profits is what they are supposed to do then pass the wealth to their stock holders.

 The danger only comes when they finance governments! It's the cozy relationships, such as Oba mama's to Jeff Imelt of G.E

Gotta Love That Worker Productivity! - Decline of the Empire

Today we have another story typical of our times, another episode of our favorite daytime soap opera The Rich Get Richer. Corporations are piling up huge profits and sitting on huge piles of cash even as they lobby for lower taxes and avoid hiring new workers. McClatchy gives us the story in Strong corporate profits amid a weak economy - what's up with that?

WASHINGTON — U.S. corporations continue to post strong profits quarter after quarter, even as the unemployment rate remains high and the U.S. economic recovery plods along in fits and starts. What gives?

Corporate profits grew 36.8 percent in 2010, the biggest gain since 1950, according to Friday's latest report from the Bureau of Economic Analysis. No sign could be more clear that U.S. companies see the so-called Great Recession in the rearview mirror.

The strong profits, however, mask the continued difficult terrain for businesses. Yes, profits are high, but that doesn't mean business is strong.

[U.S. Chamber of Commerce chief economist Martin] Regalia and other analysts think several factors are behind the strong profits, which seem to contradict other indicators of an underperforming economy, especially the 8.9 percent unemployment rate. These factors include record low interest rates since late 2008, muted demand for borrowing by companies and a surge in productivity that has allowed companies to do more with the same number of workers or fewer.

Profits aren't rising solely because companies are making and selling more widgets to keep up with customer demand, which would be the case in a healthy, booming economy. Instead, they're more profitable because it now costs less to make the same widget, often because there are far fewer workers needed to make it...

According to the Gallup polling, unemployment is 10.2%, but more importantly, worker productivity is on the rise.

Here's a few ideas....

Quit wasting money killing people sitting on our oil! Hell, let's pump our own oil! How about no more corporate tax breaks to ship our jobs overseas? Or do away with the Federal Income tax that punishes me and you and gives the elites all the power! Maybe even quit all those welfare programs for the rich.

I've got an idea. Congress and Oba mama should just go on vacation and leave us alone!!!!


GOP Appears Poised to Take on Entitlements

n fact, many GOP freshmen seem bolder than ever. It's Democrats, especially in the Senate, who are trying to figure out how to handle the popular but costly retirement programs. Congress, meanwhile, is rapidly nearing critical decisions on the budget and the nation's debt ceiling.

In southeast Florida last week, first-term GOP Rep. Allen West, a tea party favorite, called for changes that some might consider radical: abolish the Internal Revenue Service and federal income tax; retain tax cuts for billionaires so they won't shut down their charities; stop extending unemployment benefits that "reward bad behavior" by discouraging people from seeking new jobs.

As for entitlements, West told a friendly town hall gathering in Coral Springs, if Social Security, Medicare and Medicaid "are left on autopilot, if we don't institute some type of reform, they'll subsume our entire GDP" by 2040 or 2050. GDP, or gross domestic product, measures the value of all goods and services produced in the United States.

Social Security, the largest federal program, mainly benefits retirees. Medicare provides health coverage for older people. Medicaid helps those with low incomes. Combined, the three consume about 40 percent of the budget. Their costs are growing rapidly. Social Security and Medicare benefits now exceed the payroll taxes that fund them.

This woman is beyond stupid!!......

How she ever became governor of Arizona is got to be a tale of corruption somewhere. I guess it just shows that anyone can get elected to public office and then end up with a fat cat job in Washington.

I guess the Dem's are desperate for leadership if they have to appoint these wackos for office. Oh wait, they did elect Oba mama didn't they? And yes, they are waiting for hope and change (no Republicans in office) aren't they?

Kind of shows us their caliber doesn't it? Let's see: get us out of Iraq, close Gitmo, No more wars for oil, no more military tribunals, no more tax breaks for billionaires, end corruption in Washington, arrest the scummy bankers and Wall Street gangsters, quit borrowing gobs of dollars to bribe foreign governments, stop shipping our jobs overseas, balance our Federal budget, etc. etc.

Makes you fell patriotic and hungry to vote, doesn't it?

Or riot!


Napolitano's comments on border 'wrong' - Washington Times

The U.S. Border Patrol union says Homeland Security Secretary Janet Napolitano’s comments reassuring Americans that the U.S. border with Mexico is safe and open for business are “wrong and give citizens a false sense of security.”

“It is time for the political games to stop for fear of insulting the government of Mexico,” the National Border Patrol Council (NBPC) said in a statement. “U.S. citizens are being kidnapped and killed while our Border Patrol agents fight a war at home that no one will allow them to win.

“Not one more Border Patrol agent should fall or citizen be victimized because our government fails to act,” said the NBPC, which represents all 17,500 non-supervisory U.S. Border Patrol agents. “Mexico is hemorrhaging violence, and we are being hit with the splatter.”

Ms. Napolitano told border-area mayors and business leaders in El Paso, Texas, on Thursday that the U.S.-Mexico border is safer than ever, adding that perceptions that the border area is at its most dangerous right now are false.

She said that the Obama administration is dedicated to ensuring that the Southwest border remains open for business amid drug cartel violence in Mexico, and that increased security should not come at the price of trade, travel and tourism.

Hey, did you hear anything from Congress?.....

Of course not! Still hiding from the voters because they ain't going to do shit about spending, LOL.

Meanwhile mot much good news is there? Paid $3.59 for gas yesterday. Yea, we need to attack some more oil producing countries to get gas above $5. After all, that way we wont have to create any jobs here in the good old U.S.A.

Oh yea, we need to fire all the dip shits in Washington and start over but that's not going to happen. Too many bums getting those "free" government checks to rock the boat.

I can't wait to get mine because their wont be anybody hiring  geezers and I'm too old to take up robbing 7-11's. Stay tuned!!

Get rid of these business taxes!.....

Sounds strange but true. Taxing corporations means they have incentive to bribe the government big time. Eliminate them and the jobs come back and the corruption level drops. You give campaign contributions to get something from politicians. Like tax exemptions which fuck over your competition.

Most Marxist realize this but they're on the "punish the rich" kick. The average guy thinks they can get government to do something about the rot by voting for the right politicians.

That's why they're paying all the taxes that the corrupt gangsters pass on to them and the jobs are going to China!


♫ GE, We Bring Good Lobbying to Congress ♫ « LewRockwell.com Blog

The New World Order/One World Government’s premier corporation, General Electric, paid ZERO corporate income taxes for 2010. Obviously I’m thrilled when any individual or the company of individuals doesn’t pay taxes/robbery to Government Almighty. But it’s a bit rich (pun intended) when every working stiff in the United States has to cough up a nice chunk of change from his or her personal income to Government Almighty while one of the biggest corporations in the world somehow is able to finagle its way out of that displeasure completely. (By the way, the article mentions how “small” government, “lower” taxes Ronbo Reagan made sure to get rid of a tax loophole when he was Puppet-in-Chief so that GE had to pay more taxes/robbery to Government Almighty back then. I guess Ronbo didn’t get the memo.)

What????.....

Mandate from the U.N? The sooner this guy is gone the better. Too bad we'll just get another like him!


Obama is keeping his peace prize | POLITICO 44

Saying he is focused on ensuring that Libyans can “live out their own aspirations,” Obama defended America’s involvement in Libya, saying, “we’re not invading a country, we’re not acting alone – we’re acting under a mandate issued by the United Nations Security Council in an unprecedented fashion and with unprecedented speed.”

And he said again that the U.S. military has already saved lives there. “I think the American people don’t see any contradiction in somebody who cares about peace also wanting to make sure that people aren’t butchered because of a dictator who wants to cling to power,” he said.

Some foreign leaders have called on Obama to return the Nobel Peace Prize he accepted in 2009 since ordering the Libya attack.
Click below for highlights from Obama's Nobel acceptance speech.

Not my RV LOL.......

Patti would have killed me if I brought this home. Hell, I would have killed me if I brought it home!

And you thought the left was peacefull!...

Oba mama is a war monger! LOL. Don't tell the nut jobs on the political left. They still think he's one of them!

Personally, I think we should have killed that bastard Qaddafi a long time ago instead of bribing him.  But what do I know. The empire has always been dicking around with their pet dictators and throwing them overboard when the going gets rough. Trust me, the gang in charge in Washington couldn't run a shit house let alone a war!

How many has Oba mama got going now?

What's interesting is listening to the politicians and suck holes in MEDIA blaming Bush for getting us into this mess.

No, really!


EDITORIAL: Obama's illegal war - Washington Times

“Nothing contained in the present Charter shall authorize the United Nations to intervene in matters which are essentially within the domestic jurisdiction of any state or shall require the Members to submit such matters to settlement under the present Charter.” Chapter VII of the charter, which enumerates U.N. intervention powers, applies only to international breaches of the peace. The December 1981 U.N. “Declaration on the Inadmissibility of Intervention and Interference in the Internal Affairs of States” reaffirmed this principle with its solemn declaration that, “No State or group of States has the right to intervene or interfere in any form or for any reason whatsoever in the internal and external affairs of other States.”

Five Security Council member states sat out the vote, including permanent members Russia and China, in addition to Germany, India and Brazil. China in particular objected to any action that would compromise Libya’s sovereignty, but did not veto the resolution. This may have been a political move, since the abstaining countries are now in a position to raise principled objections to whatever happens once force is utilized. To claim the United States forged an international consensus seems premature when Resolution 1973 did not have the support of countries representing 42 percent of the world’s population.

True to its internationalist instincts, the Obama administration would never contemplate an action that lacked U.N. approval, yet United Nations permission alone is inadequate. Sen. Richard Lugar, Indiana Republican, believes that the Congress should debate a declaration of war over intervening in Libya. But the White House has not sought even the type of congressional authorization for the use of force that President George W. Bush did before the invasions of Afghanistan and Iraq. It would be ironic to say the least if Mr. Obama waged war with less legal backing than his predecessor.

Ya think?.....

Color me skeptical. You have to have credible opposition to for a sitting president to lose. And we haven't seen any yet. especially when it downs on the Republicans that budget cutting ain't happening and balancing the budget drops us into Depression as all those debts have to be paid back.

Including the new war in Libya. Let's not forget that spending money like drunken Democrats is easy in Washington as it gets them reelected. Cutting gets them called bad names.

Not to say that not drilling our vast oil reserves to protect snails and rats doesn't seem to be very bright but we're talking about religious fanatics who believe the Earth is sacred and you and I are scum for wanting to defile it.

No really!!! Just listen to them.


Pump prices may put Obama in peril - Washington Times

Consumers’ pain at the gas pump will likely be shared by President Obama at the polls in 2012 and could cost him a second term unless energy prices take a drastic turn for the better in the next 18 months.

“Energy prices should be the Achilles’ heel for Obama,” said Scott Wheeler, executive director of a conservative political action committee.

The average gasoline pump price across the country is $3.621 per gallon, the Energy Information Administration reported. Prices in some parts of the country are already topping $4 a gallon.

And the uncertain global situation isn’t helping.

“Unrest in the Middle East and Japan’s loss of nuclear-powered electricity add pressure to oil prices that were already growing along with the world economy,” Heritage Foundation energy economist David W. Kreutzer told The Washington Times. “While the U.S. only generates 1 percent of its electricity from oil, Japan uses 9 percent and will need more to fuel standby generators and to replace lost nuclear production.”

How's the economy doing?....

Store sales still off by 5%. But some local hiring is going on including here at Walmart. Patty and I go get back our 40 hrs for now.  I'm watching for the big boys in the corporate world  to start buying and merging with each other as a better indication of the coming inflationary boom.

Still, even companies like ATT buying T-Mobile  this week may not mean much as housing is falling further into the toilet. Oil going nuts is much more important. And don't forget we need to bomb another oil producing country.

Oh wait!

Seems like I predicted that a year or so ago. I know I did but I'm too lazy to go through my archives and post it. Anyway,  Patty and I bought a truck and 5th wheel for our retirement which is possible for us in two or three years. We plan on taking it to California to visit my daughter Mary and ma this summer. We'll see if we get there or not..

Got to plan or end up here in the FUCKING snow bank and too broke to go!!

But we still have my "I told you so" moment when I told everybody 20 or 30 years ago, that I want to retire and spend the winter in Florida or Arizona and the summer in Alaska. Idaho, or Montana.

Now all I have to do is live long enough to say I told you so!

New 5th wheel for retirement. keep you posted.

I got a great idea.....

Let's bomb Libya! Yea, why not?  They must have done something to deserve it?? I guess anything to get our attention away from all those campaign promises, right?

What's really interesting is that it will work again!

Another fake fiscal conservative.....

This whore master is pathetic. Not a snowballs chance he becomes President. He even makes Biden look good for Christ's sake. Needless to say Oba mama's  a shew in with these pathetic liars running for President.

Don't believe me? Check out the halfwit Donald Trump!!!


Gingrich Says He Doesn't Regret Supporting Medicare Drug Plan Which Is Now a $7.2 Trillion Unfunded Liability | CNSnews.com

Former House Speaker New Gingrich (R-Ga.), a likely 2012 presidential candidate, told CNSNews.com today that he does not regret supporting the enactment of the Medicare prescription drug plan which now presents the federal government with a $7.2 trillion unfunded liability.

An unfunded liability is a benefit the federal government has promised to pay that is not matched by tax revenue to fund it and thus represents an anticipated increase in the national debt.

Just another day in Paradise....

Yesterday 50 degrees, this morning snow. A trace though. Winter in the Rockies! Oh well. Think I'll go shopping and buy something big and expensive. Stay tuned as I plan my escape for my old age.

Get your food in....

Get your act together that's the bottom line.  I told you so a year or so ago.

Currently,I'm shopping for a rv to retire in. South for the winter sounds like a winning program to me. Keep you posted on that as I'm negotiating with a dealer right now. We only have 20 thousand to work with so I'm being tough on these guys. Lol .


Wholesale prices up 1.6 pct. on steep rise in food - Yahoo! Finance

WASHINGTON (AP) -- Wholesale prices jumped last month by the most in nearly two years due to higher energy costs and the steepest rise in food prices in 36 years. Excluding those volatile categories, inflation was tame.

The Labor Department said Wednesday that the Producer Price Index rose a seasonally adjusted 1.6 percent in February -- double the 0.8 percent rise in the previous month. Outside of food and energy costs, the core index ticked up 0.2 percent, less than January's 0.5 percent rise.

Food prices soared 3.9 percent last month, the biggest gain since November 1974. Most of that increase was due to a sharp rise in vegetable costs, which increased nearly 50 percent. That was the most in almost a year. Meat and dairy products also rose.

Energy prices rose 3.3 percent last month, led by a 3.7 percent increase in gasoline costs.

Separately, the Commerce Department said home construction plunged to a seasonally adjusted 479,000 homes last month, down 22.5 percent from the previous month. It was lowest level since April 2009, and the second-lowest on records dating back more than a half-century.

Do you blame the politicians?....

They need guns in California because a whole lot of whoop ass is coming. Nothing is working in California as far as I can see and as soon as the Republicans in Washington turn off the free money to the state the sooner these clowns have to pay their bills from all that nutty overspending.

But the Republicans are famous for lying about cuts so they can get more money to use propping up dictators in various countries who hate our guts and want us dead. But not to worry the Dems only need an excuse for their voters to join them!

How's those gas prices coming along in your neck of the woods?

Told you so!!!

Usually whining about the evil Republicans and there's nothing we can do about it works to keep them in office. let's not forget that most of them are simple little fascist and will say anything to get elected and stay elected.


EDITORIAL: Guns for us, not for you - Washington Times

Some of the most far-out anti-gun laws are found on the left coast, but that could change - for privileged politicians. A California state Senate committee will consider a bill next week that grants legislators permission to carry concealed firearms. The measure highlights the growing rift between the bureaucratic class and taxpayers who don’t have the luxury of exempting themselves from bad laws.

Ordinary Californians who want a concealed carry permit need to apply to the local sheriff. In practice - outside of conservative, rural counties - only celebrities and the well-connected end up obtaining the coveted document. In a state of nearly 37 million, about 40,000 permits were issued in 2007. The proposal being offered by a pair of pro-gun state Senate Democrats would automatically define as eligible for a permit “any applicant who is a member of Congress, a statewide elected official or a Member of the Legislature.” These could carry a gun “for purposes of protection or self-defense.” Coddled lawmakers living in gated communities may think they face heightened risk, but it’s unlikely poor residents in sketchy urban neighborhoods have any less of a need.

O.k... Another rotten politician?.....

Oh no. Can't be. Everybody knows that it's not possible!

Every idiotic voter that is!


Stumbles by Gray disillusion many in D.C. - Washington Times

D.C. Mayor Vincent C. Gray has been in office just 2½ months, but his administration already is reeling under allegations that cash payoffs were made during his campaign and that he doled out high-paying city jobs to political friends who were either underqualified or had undisclosed criminal pasts.

U.S. Attorney Ronald C. Machen Jr. made a rare disclosure last week that his office is working with the FBI to evaluate the allegations.

The concerns of federal investigators and a top-ranking Republican House leader has, in part, resulted in Mr. Gray, a Democrat, retaining the services of Washington superlawyer Robert S. Bennett, who represented President Clinton during the Monica Lewinsky scandal, New York Times reporter Judith Miller in the Valerie Plame CIA leak grand jury investigation and former Defense Secretary Caspar Weinberger in the Iran-Contra scandal.

How my doing?....

Back in October I hit this oil price bullshit right on the head or was it a year or so earlier. Oh yea, Buy food!

 Remember trucks? They have to roll and it cost more everyday. Somebody has to pay. Check out this old post. Or this post from almost exactly a year ago. I've got more but I'm tired of repeating myself.

Told you so!

Now maybe we have a reason to worry......

The world more and more is practicing monoculture and anything can cause higher food costs.

Or no food at all!


Decline of honey bees now a global phenomenon, says United Nations - Nature, Environment - The Independent

The mysterious collapse of honey-bee colonies is becoming a global phenomenon, scientists working for the United Nations have revealed.

Declines in managed bee colonies, seen increasingly in Europe and the US in the past decade, are also now being observed in China and Japan and there are the first signs of African collapses from Egypt, according to the report from the United Nations Environment Programme (UNEP).

The authors, who include some of the world's leading honey-bee experts, issue a stark warning about the disappearance of bees, which are increasingly important as crop pollinators around the globe. Without profound changes to the way human beings manage the planet, they say, declines in pollinators needed to feed a growing global population are likely to continue. The scientists warn that a number of factors may now be coming together to hit bee colonies around the world, ranging from declines in flowering plants and the use of damaging insecticides, to the worldwide spread of pests and air pollution. They call for farmers and landowners to be offered incentives to restore pollinator-friendly habitats, including key flowering plants near crop-producing fields and stress that more care needs to be taken in the choice, timing and application of insecticides and other chemicals. While managed hives can be moved out of harm's way, "wild populations (of pollinators) are completely vulnerable", says the report.