The fiscal cliff is exposing some brassy hypocrisy on Wall Street. Eager to score points with the White House, one CEO after another is throwing capitalism over the edge. Remarks by leading captains of industry over the past few weeks have sounded alarmingly anti-market. Some of these multimillionaires have even questioned the value of the economic system that allowed them to flourish. Here´s a rundown of some of the more disturbing murmurings coming from corporate America these days: • In a recent interview with CBS News´ "This Morning" co-host Charlie Rose, General Electric Chief Executive Jeffrey Immelt
Of course the big business guys don´t defend capitalism. They can make more money by being the preferred monopoly supplier in a socialist system. They don´t have to make a better product or keep their costs down. And their business investment risk is reduced to near zero as it is protected by the socialist government. They only have to keep the politicians on their side. And they like the fact that the socialist system gets rid of their small business competitors.
Just look at how big industries scream bloody murder when the government threatens to allow private industry competition. Example: The public education system.
Political Correctness: Its force structure decimated by sequestration and budget cuts, the Marine Corps considers exchanging its proud and honored look for hats similar to the gendarmes who direct traffic in Paris. If sequestration´s annual spending cuts continue past this year, the Marine Corps will lose 8,000 in troop strength, Commandant Gen. James F. Amos told the Defense Writers Group in June. But those who remain will at least be fashion-conscious if a proposal for changes in their dress headgear goes forward. Men and women in the Marines
Junk Science: Al Gore, patron saint of climate fraud, argues with Australia´s prime minister that its brushfires are not caused by warming and that the record shows the koala bear, like the polar bear, is quite safe. They were the largest Australian bushfires in a populous region in recorded history, consuming half the state of Victoria, claiming 12 lives and destroying an estimated 1 million sheep and thousands of cattle. And they occurred in February 1851 during one of the coldest years on record. Bushfires have been part of Australian life for centuries
Energy: The Golden State´s governor has signed legislation that regulates but does not ban the technology that has sparked an energy boom nationwide — and which may yet restore the state to solvency. If any state were to ban hydraulic fracturing, commonly referred to as fracking, the process that releases oil and natural gas trapped in porous shale formations, one would think it would be California. Gov. Jerry Brown, who leads the government in a state that hosted Solyndra and embraces endangered bird-chopping wind turbines,
Scandal: A deadly battle involving grenades between a drug cartel and Mexican police has added to the toll of lives taken with weapons trafficked by suspects that U.S. officials watched but did not stop. The same Obama administration officials responsible for letting thousands of weapons walk into Mexico and right into the hands of drug cartels in Operation Fast and Furious also passed on several opportunities to arrest and prosecute an arms smuggler who was busy supplying the cartels with hand grenades. This according to a report by Sharyl Attkisson of CBS News, the one reporter
Corruption: The crash-prone government health-care site asks applicants if they want to register to vote as they try to sign up for ObamaCare. By sheer coincidence, a plurality of the uninsured are likely Democratic voters. Call it Motor Voter on steroids — the piggybacking of voter registration to an otherwise unrelated government function. Those trying to navigate Healthcare.gov, a website that looks and functions as if designed by the department of motor vehicles, are being asked if they want to register to vote just in time for crucial 2014 midterm elections
Regulation: From lost jobs to fewer hours to premium hikes that would make a loan shark drool, Barack Obama´s home state is a case study in why the first rule in health care reform, as in medicine, should be to do no harm. The president and his cohorts in the media have long accused Republicans of being out of touch with ordinary people. Remember the concocted story about President Bush the elder being so out of touch he was unfamiliar with supermarket bar-code scanners? But it´s President Obama who´s out of touch with ordinary people
Health Care: In a stunning admission, our Health and Human Services secretary admits ObamaCare is part of the fundamental transformation of America away from a free market in anything to a nanny state on steroids. Maybe Kathleen Sebelius was being sarcastic, or maybe she thought it might be a good way to reach the "young invincibles" who feel they had better things to do with their money than enroll in ObamaCare. But her recent appearance on Jon Stewart´s show on Comedy Central went about as well as ObamaCare´s train wreck of a rollout.
I have never been much of a conspiracy theorist. For me it was always Oswald by himself from the Texas School Book Depository and nothing in the intervening fifty years has disabused me of this notion. For the most part, I’m an Occam’s Razor kind of guy — the most obvious explanation is likely to be true. (Snip) To put it bluntly, Occam’s Razor has moved. Things that were once possibilities now seem almost certainties to me. Principal among those is that Obama’s academic records are perpetually unavailable for a reason — and that reason is most likely that they reveal
President Obama will cast growing income inequality and a decline in economic mobility as a “fundamental threat to the American dream” during a speech Wednesday in Washington. The speech will serve as an early preview for next year’s State of the Union address, according to a White House official, who said Obama would focus much of his energy over the next three years on the issue. “The decisions we make over the next few years will determine whether or not our children will grow up in an America where, if you work hard, you can get ahead,” the official said.
Good stuff from Jonathan Turley at today’s House hearing on executive power, although I regret that I couldn’t find a more user-friendly format for you to watch. There’s no compilation clip; you’ll have to make do with the C-SPAN embed by fast-forwarding to the time cues I give you and being patient while the vid buffers (and buffers, and buffers).(Snip)That brings us to point two: Even if Congress can’t stop Obama, the courts can. The problem there, though, says Turley, is that O and the DOJ have argued successfully in many cases that no one has standing to sue him
One of President Obama´s chief political assets has been his ability to excite young people like almost no politician in history. But the days of America´s youth fawning over the president are over. A new Harvard University Institute of Politics poll released Wednesday confirms what other surveys have shown in recent months: Millennials have soured on Obama so much this year that their opinion of him largely mirrors the American public´s. Even though Obama does not ever have to face another election, he should be worried about the findings for a couple of reasons, which we will dive into momentarily.
During a presentation at the White House in which President Barack Obama touted the benefits of the Affordable Care Act, the president declared that his signature health care reform law was not going to be repealed. This assertion led his administration members, his staff, and audience members to rise from their seats and give the president a standing ovation. Obama said that ACA opponents’ alternative to the health care reform law is to champion repeal and going back to the health care delivery system status quo ante. He specifically cited Sen. Mitch McConnell (R-KY) who he said was asked directly for
A woman has revealed how difficult it is to eat healthily and stay full when living off an average food stamp budget. Melinda Moulton, from Huntington, Vermont, was one of 200 people to take part in the 3Squares Challenge, which saw her living for a week on just $36 worth of food, or around $1.71 a meal. Opting to try and eat as healthily as possible, Ms Moulton resorted to cheap foods like yogurt for breakfast, two handfuls of peanuts for lunch and lentil stew for dinner, all of which left her unsatisfied.´I don´t know how people do it,´ said
[Video] President Obama on Wednesday declared that addressing income inequality would be the focus of “all” of the White House’s efforts “for the rest of my presidency.” In a sweeping address that touched on raising the minimum wage, investing in infrastructure and ending tax breaks for the wealthy, Obama warned that the American economy has become “profoundly unequal,” declaring economic mobility the “challenge of our time.” “The combined trends of increasing inequality and decreasing mobility pose a fundamental threat to the American dream, our way of life, and what we stand for around the globe,” he said in an hour-long