Saturday, June 19, 2010

Edison Retrieved

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In one of the recordings, Edison spoke about the creation of the incandescent light bulb on its 50th anniversary.

In his remarks for "Edison Light's Golden Jubilee" program on Oct. 21, 1929 in which he shared the stage with Hoover and Ford, Edison offered a stirring, emotional oratory even though he was nearly completely deaf and in declining health. He died two years later, nearly to the day, at 84.

"I am told that tonight my voice will reach out to the four corners of the world," Edison said, his voice squeaky and thin, as he occasionally stumbled and lost his place. "It is an unusual opportunity for me to express my deep appreciation and thanks to you for the countless evidences of your good will. I thank you from the bottom of my heart.

Hitler And Christianity II

During the first years of the regime, and just prior to it,
Hermann Rauschning recorded Hitler's conversations
with his inner circle. According to Rauschning, a conservative
in the ranks of the Nazi party who became the president

of Danzig, Hitler said of Christianity: ---

"Leave the hair-splitting to others. Whether it's the
Old Testament or the New, or simply the sayings

of Jesus, it's all the same old Jewish swindle.

It will not make us free.

A German church, a German Christianity
is a distortion.
One is either a German or a Christian.

You cannot be both......
The very doctrines of National Socialism and

Christianity are antithetical.

Christianity was held to be the forerunner
of Bolshevism, and both were revolts
against Nature herself, with the Jews

to be behind each.

Bormann records Hitler as stating :

"Christianity is a religion against natural law,
a protest against nature. taken to its logical
extreme, Christianity would mean the

systematic cultivation of the human failure.

Hitler And Christianity

Hitler commented of Minister of Religion Kerrl’s effort
to identify Nazism with "positive Christianity" that it
was "the noblest of intentions, but I don't believe
the thing's possible,

and I see the obstacle in Christianity itself."

"As for the men close to me", he stated, "who, like me,
have escaped from the clutches of dogma, I've no reason
to fear that the Church will get its hands on them.
We'll see to it that the church cannot spread abroad
teachings that conflict with the interests of the State.
We shall continue to preach the doctrine of
National Socialism, and the young will no longer be

taught anything but the truth."

"In the long run National Socialism and religion will
no longer be able to exist together.
The ideal solution would be to leave the religions to

devour themselves, without persecutions."

"The dogma of Christianity gets worn away before the
advances of science. Religion has to make more and

more concessions. Gradually the myths crumble."

Have You Been Brainwashed?


"We are socialists, we are enemies of today's capitalistic economic system for the exploitation of the economically weak, with its unfair salaries, with its unseemly evaluation of a human being according to wealth and property instead of responsibility and performance, and we are all determined to destroy this system under all conditions." --Adolf Hitler

(Speech of May 1, 1927. Quoted by Toland, 1976, p. 306)

Hitler was intent on having a community of mutual interest that desired mutual success instead of one that was divided over the control of money or differing values.


I think so...

The Same Way

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DOCTOR ZERO: The Helpless Titan. “It’s not necessary to ignore the misdeeds of British Petroleum to criticize the appalling performance of our massive super-State. Big Government and Big Business have become so entwined that any disaster on the scale of the Gulf oil spill, or the subprime mortgage crisis before it, will have both public and private agencies to blame. Suggesting that government cannot be criticized until every one of its private-sector ‘partners’ has been bankrupted or nationalized is a recipe for tyranny. We should study the example of BP and understand that only one half of the government-business alliance can call press conferences at will, addressing a media prepared to extend them unlimited credit for their good intentions.
The politicians who brought you the subprime crisis are richer and more powerful than ever before. The Gulf oil crisis may well end the same way.”

The Bind

The welfare state's death spiral is this: Almost anything governments might do with their budgets threatens to make matters worse by slowing the economy or triggering a recession. By allowing deficits to balloon, they risk a financial crisis as investors one day -- no one knows when -- doubt governments' ability to service their debts and, as with Greece, refuse to lend except at exorbitant rates. Cutting welfare benefits or raising taxes all would, at least temporarily, weaken the economy. Perversely, that would make paying the remaining benefits harder.

Greece illustrates the bind.

If only a few countries faced these problems, the solution would be easy. Unlucky countries would trim budgets and resume growth by exporting to healthier nations. But developed countries represent about half the world economy; most have overcommitted welfare states.

Friday, June 18, 2010

Absolutely Safe!

On Tuesday, I wrote about the numerous false statements in President Obama's Oval Office speech on the oil spill in Obama's Long Nose. Byron York points out one that I missed: "Who told Obama drilling is 'absolutely safe'?"

There was one particularly striking moment in President Obama's widely panned Oval Office speech on the Gulf oil disaster. About midway through his talk, Obama acknowledged that he had approved new offshore drilling a few weeks before the Deepwater Horizon rig explosion on April 20. But Obama said he had done so only "under the assurance that it would be absolutely safe."

That is, of course, ridiculous. In the world of engineering, nothing is "absolutely safe"--certainly not deep-sea drilling.

It seems obvious that Obama was lying to cover his own rear end. It is inconceivable that any expert told him that deep sea petroleum exploration is "absolutely safe."

Tinfoil Apocalypse Update: The Ollusion

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“I hereby announce that from this point forward, one of the Iranian nation’s main aspirations will be to deliver the American people from [its] undemocratic and bullying government.”

Thank goodness someone is going to help us in that regard /sarc.

Your guess is as good as mine as to how he plans on accomplishing that but his take on Jews remains about the same as when we had a clenched fist.

“…Sixty years ago, they [i.e. the West] gathered the filthiest and greatest of criminals, who [only] appear to be human [i.e. the Jews] from all the corners of the earth, organized and armed them – on artificial and false pretexts, fabricating information and inventing stories [hinting at the Holocaust]. They gave [the Jews] propaganda and military backing so that they would occupy the lands of Palestine and uproot the Palestinian nation…”

Rhetoric says, at least to me, that the Islamists are warming up to another run at Israel sometime in the not to distant future.

O Non-Socialist Socialism

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Well, not really. What Bammy is actually doing is taking our tax money and giving it to a car company. We taxpayers don't get any actual ownership or financial benefit from the deal.

Tesla plans to spend $42 million to purchase the former New United Motor Manufacturing Inc. plant in Fremont, Calif., a few months after the IPO. The plant is owned by Toyota and Motors Liquidation Co., which is the remains of the former General Motors Corp. that is in bankruptcy.

In other words, the government is forcing Tesla to use shareholder money to buy a factory, but then will pay back the shareholders with taxpayer money.

Better yet, the car company builds $100,000 cars. So, basically, he's subsidizing a car company for his rich elite homies. Does this make him a non-socialist?

The Greenspan Pig Flies

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With huge deficits currently having no evident effect on either inflation or long-term interest rates, the budget constraints of the past are missing. It is little comfort that the dollar is still the least worst of the major fiat currencies. But the inexorable rise in the price of gold indicates a large number of investors are seeking a safe haven beyond fiat currencies.

The United States, and most of the rest of the developed world, is in need of a tectonic shift in fiscal policy. Incremental change will not be adequate. In the past decade the U.S. has been unable to cut any federal spending programs of significance.

I do not believe that our lawmakers or others are aware of the degree of impairment of our fiscal brakes. If we contained the amount of issuance of Treasury securities, pressures on private capital markets would be eased.

Here To Stay?

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No foolin’. Sounds like the free market, while still officially verboten, is finally here to stay.

Bowing to reality, the North Korean government has lifted all restrictions on private markets — a last-resort option for a regime desperate to prevent its people from starving.

The fact that they’re now bowing to the same market they tried to starve six months ago speaks volumes. There’s surely no moral imperative within the leadership to prevent mass starvation, so I can only guess that Kim and company have concluded they’re so weak that another round of famine could actually topple the government.
Irony of ironies, the dreaded free market might now actually be the only way to preserve authoritarian rule in Pyongyang, a lesson learned long ago by Kim’s friends in Beijing. Speaking of which, your exit question via WaPo: Is the market-ization of North Korea evidence that China’s suddenly gotten stingy with aid?

Cold Water

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A simple Okun analysis leads to the conclusion that the unemployment rate rose higher than was warranted given the severity of the Great Recession Why? Perhaps businesses, fearing another Great Depression, panicked and just hacked their workforces to bits. Okun’s Law was suspended, but only temporarily perhaps.

If one buys this theory, then eventually there should be some payback for that psychological overreaction. At some point soon, unemployment should fall way faster than what the rate of economic growth would indicate according to Okun’s Law. At least this is what the White House —  and congressional Democrats hope. And if they are right, the job market might well unexpectedly strengthen right into the November midterm elections, helping avert the worst for Democratic House and Senate incumbents. No Republican tsunami.

But a brand new study from the economics team at Goldman Sachs throws cold water on all this.


Taxing The Sheep II

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OBAMA: My critics say everything is a tax increase. My critics
say that I'm taking over every sector of the economy. You know
that. Look, we can have a legitimate debate about whether or
not we're going to have an individual mandate or not, but...

STEPHANOPOULOS: But you reject that it's a tax increase?

OBAMA: I absolutely reject that notion.

Nowhere in the findings
is the mandate referred to as a tax. The Justice Department is
now calling it a tax to try and convince the court not to rule on
whether or not Congress exceeded their authority under the
Commerce Clause by legislating that all citizens must purchase
private health insurance or face a penalty."

Put another way, the administration is now arguing in federal
court that Obama signed a massive middle-class tax increase, in
violation of his campaign pledge.

Taxing The Sheep

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In order to protect the new national health care law from legal
challenges, the Obama administration has been forced to argue
that the individual mandate represents a tax -- even though Obama
himself argued the exact opposite while campaigning to pass the

Late last night, the Obama Department of Justice filed a motion
to dismiss the Florida-based lawsuit against the health care law,
arguing that the court lacks jurisdiction and that the State of
Florida and fellow plaintiffs haven't presented a claim for which
the court can grant relief. To bolster its case, the DOJ cited
the Anti-Injunction Act, which restricts courts from interfering
with the government's ability to collect taxes.

The Act, according to a DOJ memo supporting the motion to
dismiss, says that "no suit for the purpose of restraining the
assessment or collection of any tax shall be maintained in any
court by any person, whether or not such person is the person
against whom such tax was assessed."

Thursday, June 17, 2010

Proof That The Federal Government Is A Very Large Mental Institution

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PLUG THAT HOLE — WITH ALL DELIBERATE SPEED, AFTER CHECKING FOR LIFEJACKETS AND STUFF. More Incompetence… Crude-Sucking Barges Ordered By Gov. Jindal Shut Down By Feds. “Against Governor Jindal’s wishes the federal government blocked oil-sucking barges today because needed to confirm that there were fire extinguishers and life vests on board and were having trouble contacting the owners.” Remember when the selling point for Obama was that he’d be more competent than Bush? Well . . . .

Tuesday, June 15, 2010

About To Be Dead

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Perhaps the best explanation of these all-too-tangible risks comes from Anthony Crescenzi, a strategist at Pacific Investment Management Co., the world’s largest bond-fund manager. The question is this: As the U.S. is aggressively backing its financial system, who is backing the U.S.?

The reason that you’d think even your run-of-the-mill economist might be a little more tuned in to the signals that the gold price has been sending derive from John Maynard Keynes’ prediction that counter-cyclical deficit spending would ultimately come up short – something about, “in the long run, we’re all dead”.

It seems that, after reaching its “Minsky Moment“, the world is now barreling toward a “Keynesian Endpoint”, two phrases that historians will no doubt find irresistible when they set out to explain what happened back in the early 2000s.

Not Translated Into Spanish

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There are now places within our national borders in which it's easier for the local government to post signs warning Americans to stay out than it is to warn armed foreign invaders to stay out.

I note with interest that it's not translated into Spanish.


Sunday, June 13, 2010

Amazed In Afghanistan

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So far, the biggest mineral deposits discovered are of iron and copper, and the quantities are large enough to make Afghanistan a major world producer of both, United States officials said. Other finds include large deposits of niobium, a soft metal used in producing superconducting steel, rare earth elements and large gold deposits in Pashtun areas of southern Afghanistan.

Just this month, American geologists working with the Pentagon team have been conducting ground surveys on dry salt lakes in western Afghanistan where they believe there are large deposits of lithium. Pentagon officials said that their initial analysis at one location in Ghazni Province showed the potential for lithium deposits as large of those of Bolivia, which now has the world’s largest known lithium reserves.

“On the ground, it’s very, very, promising,” Mr. Medlin said. “Actually, it’s pretty amazing.”

Did I Forget To Mention That You Are A Mouse?

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Sec. 6. Reports. Not later than July 1, 2010, and annually thereafter until January 1, 2015, the Council shall submit to the President and the relevant committees of the Congress, a report that:

(a) describes the activities and efforts on prevention, health promotion, and public health and activities to develop the national strategy conducted by the Council during the period for which the report is prepared;

(b) describes the national progress in meeting specific prevention, health promotion, and public health goals defined in the national strategy and further describes corrective actions recommended by the Council and actions taken by relevant agencies and organizations to meet these goals;

(c) contains a list of national priorities on health promotion and disease prevention to address lifestyle behavior modification

Time To Shear The Sheep

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Last week, with little fanfare, among the ever deteriorating oil spill crisis, the White House quietly noted the issuance of an executive order "Establishing the National Prevention, Health Promotion, and Public Health Council", in which the president, citing the “authority vested in me as President by the Constitution and the laws of the United States of America” is now actively engaging in "lifestyle behavior modification" for American citizens that do not exhibit "healthy behavior." At least initially, the 8 main verticals of focus will include: smoking cessation; proper nutrition; appropriate exercise; mental health; behavioral health; sedentary behavior; substance-use disorder; and domestic violence screenings. Eventually we fully anticipate that the program will also target such wholesome activities as screening for precious metal holdings, monthly minimum usage of available revolving credit (and a minimum threshold thereto)

Train Wreck

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Now, if people know tax rates will be higher next year than they are this year, what will those people do this year? They will shift production and income out of next year into this year to the extent possible. As a result, income this year has already been inflated above where it otherwise should be and next year, 2011, income will be lower than it otherwise should be.

Also, the prospect of rising prices, higher interest rates and more regulations next year will further entice demand and supply to be shifted from 2011 into 2010. In my view, this shift of income and demand is a major reason that the economy in 2010 has appeared as strong as it has. When we pass the tax boundary of Jan. 1, 2011, my best guess is that the train goes off the tracks and we get our worst nightmare of a severe "double dip" recession.

Unintended Consequences (Part 67,983)

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DAVID WARREN: “We learned a simple thing this week: that the BP clean-up effort in the Gulf of Mexico is hampered by the Jones Act. This is a piece of 1920s protectionist legislation, that requires all vessels working in U.S. waters to be American-built, and American-crewed. So while, for instance, the U.S. Coast Guard can accept such help as three kilometres of containment boom from Canada, they can’t accept, and therefore don’t ask for, the assistance of high-tech European vessels specifically designed for the task in hand. This is amusing, in a way: a memorable illustration of … the sort of stuff I keep going on about. Which is to say, the law of unintended consequences, which pertains with especial virulence to all acts of government regulation.”