Monthly Archives: May 2011
While most of us suspected that Congressional members have an “in” to some easy money, it appears those ties between Congress and Wall Street run deeper and more intimate than most of us feared. A new study, “Abnormal Returns From the Common Stock Investments of Members of the U.S. House of Representatives”, released this week in the Business and Politics journal, (part of the Berkeley Electronic Press) focused on the higher percentages of stock earnings by 300 House members as compared to private investors with no access to non public information. The jaw dropping results revealed abnormally consistent stock successes that, over a period of decades with even a modest market, could net the elite Congressional members millions in portfolio earnings.
Arguably the most consistent practice on the part of democrats and this administration is to avoid doing the necessary and important things.
Democrats have a long history of avoiding the really important issues. They denied anything was wrong at Fannie and Freddie and hijacked every effort to reform the GSE’s all the while the country was circling the bottom of the toilet. They have failed to produce a budget for more than 700 days. Democrats blocked George Bush’s effort to reform Social Security, but had nothing better to offer either then or now. Bush’s effort to reform Social Security died because Bush had the audacity to insist that the Social Security system be solvent over the long term. Bush did not want to play kick the can down the road. Continue reading
Well, it seems I need to add the Senate Republicans to the naughty Christmas list…. that’s assuming this admin will allow us to distribute coal and not ban it as an illegal substance. But someone may want to send a physician up to the Senate chamber and find out if any on in there has a pulse… because there doesn’t appear to be a heartbeat when it comes to addressing serious spending cuts and reform of the entitlement programs.
I’m going to have to throw the Democrats a bone here. At least they were up front in their political reasons for dodging the Medicare bullet, telling the nation they have no plans to commit to budget cuts prior to the POTUS election. Continue reading
One has to ask the question about Greens, do they even live on this planet they are trying to save? They often seem to be living in a completely different universe if not just a different planet.
The most recent example of this is the LED light bulb, the latest answer to Congress’s 2007 energy efficiency mandate – which was regrettably signed by George Bush. Last week a story emerged that the 100 watt LED light bulbs slated to replace 100 year old inefficient incandescent bulbs will cost upwards of $50 apiece! That’s right, $50 for a light bulb… Continue reading
In a classic example of Socialist Realism, Obama has messed his trousers and now seeks to limit the damage by relying on the old Socialist concept of Ideynost. By definition, all Socialist literature must embody political and social themes that reflect a Progressive nature. Censors and critics will not accept material that is lacking in ideological content; especially, material that reflects negatively on the regime or material that is intended to divert or entertain.
Obama has backed the PLO in its struggle against Israel by demanding that Israel cede its occupied territories to the Palestinians and accept Palestine as a nation. Of course this represents the demands of the PLO, except for the part about cutting the throat of every Jew on the face of the earth. Obama was sly enough not to mention that demand.
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