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The way to crush the middle class is to grind them between the millstones of taxation and inflation. – Vladimir Lenin

Archive for March, 2010

Dr. Adams Blasts Notre Dame: The University of Notre Shame

Posted by iusbvision on March 8, 2010

Dr. Mike Adams is a famed criminology professor and one of the most widely read columnists in the country. As a former leftist atheist he has an interesting perspective on religious and cultural issues. Regardless of ones views on homosexual behavior, Adams is correct that Notre Dame’s committment to the teachings of the church seems nonexistent. Marxists and those who are hostile to The Word seem to do much of the teaching and seem to be in charge. Notre Dame advertises itself as something special because it claims to be a Catholic University when the facts continue to present the case that it just isn’t. 

A note to Matt Gamber, if Dr. Adams is correct that you have engaged in prior restraint censorship of Prof. Rice’s regular column. Prior restraint is a phrase that makes any ethical journalist cringe and I doubt that any ethical journalist would ever respect you after such a grotesque breach of journalistic ethics – Editor

Dr. Adams writes:

It’s understandable that student newspapers at public universities are left-leaning. The advisors of the papers are usually left-leaning and they often have a left-leaning administration leaning on them. So their coverage of issues like abortion and homosexuality is often skewed. But private religious universities once provided a safe haven for those who wished to express views not approved by the immoral minority. It’s tough to comprehend the extent to which they have fallen prey to political correctness in recent years.

Dr. Mike Adams

The Observer, the student newspaper at the University of Notre Dame, has shown that our nation’s Catholic universities no longer provide an escape from the politically correct orthodoxy running rampant on our nation’s public campuses. And the paper has shown a remarkable contempt for intellectual honesty – not to mention the Ninth Commandment.

The Observer declined to print a column that defends Church teachings on homosexual activity, which was written by Charles Rice – a Notre Dame Professor of Law. Rice has written a regular column with the Observer for nearly two decades.

At 996 words, Professor Rice’s column is a little long. At first, Observer Editor Matt Gamber used the column’s length as an excuse for non-publication. The excuse sounded credible but, after doing a little research, I’ve concluded that his excuse is an outright lie.

When Barack Obama came to speak at Notre Dame, Professor Rice wrote an 1172-word column, which harshly criticized his appearance as at odds with the school’s principles. Note to Matt Gamber: An 1172-word column is longer than a 996-word column. That much is as clear and obvious as the Bible’s teachings on homosexuality.

But, now, Matt Gamber is saying that the subject matter of homosexuality could best by handled by printing opposing views on the subject. But why must a student newspaper at a Catholic university censor Professor Rice in the absence of some “opposing viewpoint”? And what are the implications of this new policy?

If Professor Rice decides to write a column opposing polygamy, will the Observer withhold its publication until someone submits a pro-polygamy column?

If Professor Rice decides to write a column opposing incest, will the Observer withhold its publication until someone submits a pro-incest column?

If Professor Rice decides to write a column opposing adultery, will the Observer withhold its publication until someone submits a pro-adultery column?

Finally, if Professor Rice decides to write another column opposing abortion, will the Observer withhold its publication until someone submits a pro-abortion column?

The answers to my four hypothetical questions follow: No, no, no, and no.

And the reason for the pattern is simple: The Observer carves out a special “opposing viewpoint” exception for homosexuality because the Observer is intensely homophobic.

And the reason for the intense homophobia manifested by Matt Gamber and the Observer is also simple: Homosexuals are less tolerant of criticism than any other portion of the American population, including feminists and Muslims.

But the consequences of homosexual intolerance are not as simple. They are twofold: 1) Homosexual intolerance tends to result in the suppression of contrary views, and 2) Such intolerance tends to make others fearful of talking to homosexuals. In other words, homosexual intolerance actually promotes homophobia.

The present situation at Notre Dame is damaging to both sides of the debate. The Observer should allow Professor Rice to present his views (as unthinkable as it may seem to present the views of the Catholic Church at a Catholic university). Then, they may decide whether the views of the opposition warrant publication.

I believe the other side should be presented after Professor Rice’s column is printed if someone at Notre Dame actually thinks the Holy Bible is unclear on the issue. If they do, the Notre Dame community will wind up with a greater appreciation of the truth via its juxtaposition with falsity.

But the prior restraint of the views of Professor Rice is not defensible. While not a technical violation of the First Amendment – Notre Dame is a private school – it is an assault on both Catholicism and common sense. And it leaves many Catholics wondering whether there is any safe haven in this land that once placed religious liberty above political correctness.

Posted in Campus Freedom, Indoctrination & Censorship, Chuck Norton, Culture War | Leave a Comment »

Neglected by ‘lazy’ nurses, man, 22, dying of thirst rang the police to beg for water

Posted by iusbvision on March 7, 2010

Yet another in a long string of problems of cruelty and neglect in the British National Health Service (NHS).

Read the article below and tell me if you spot the union mentality of the nurses who helped kill this young man. It is the same mentality that failing union teachers have.

UK Daily Mail:

A man of 22 died in agony of dehydration after three days in a leading teaching hospital.

Kane Gorny was so desperate for a drink that he rang police to beg for their help.

They arrived on the ward only to be told by doctors that everything was under control.

The next day his mother Rita Cronin found him delirious and he died within hours.

She said nurses had failed to give him vital drugs which controlled fluid levels in his body. ‘He was totally dependent on the nurses to help him and they totally betrayed him.’

A coroner has such grave concerns about the case that it has been referred to police.

Sources say they are investigating the possibility of a corporate manslaughter charge against St George’s Hospital in Tooting, South London.

Mr Gorny, from Balham, worked for Waitrose and had been a keen footballer and runner until he was diagnosed with a brain tumour the year before his death.

The medication he took caused his bones to weaken and he was admitted to St George’s for a hip replacement in May last year. The operation left him immobile and unable to get out of bed.

His 50-year-old mother says that he needed to take drugs three times a day to regulate his hormones. Doctors had told him that without the drugs he would die.

Although he had stressed to staff how important his medication was, she said, no one gave him the drugs.

She said that two days after his hip operation, while Miss Cronin was at work, he became severely dehydrated but his requests for water were refused.

He became aggressive and nurses called in security guards to restrain him.

After they had left, he rang the police from his bed to demand their help.

Miss Cronin, who is divorced from her son’s father Peter, said: ‘The police told me he’d said, “Please help me. All I want is a drink and no one is helping me”.

‘By this time my son was confused due to his lack of medication and I think the nurses just ignored him because they thought he was just being badly behaved.

‘They were lazy, careless and hadn’t bothered to check his charts and see his medication was essential.’

That evening, Miss Cronin visited him. She said: ‘I told Kane to behave himself because I thought he had been causing trouble – and I feel so bad about that now. I thought maybe he was having a bad reaction to the morphine he was on but in fact it was because he had not had his medication.’

The next morning she visited him before going to work. ‘He was delirious and his mouth was open,’ she said. ‘I gave him a drink of Ribena.

‘I told three nurses there was something wrong with my son and they said, “He’s fine” and walked off. I started to cry and a locum doctor who was there told me not to worry.

‘Eventually the ward doctor came round, took one look at Kane and started shouting for help.’

Miss Cronin was asked to leave her son’s bedside. ‘He died an hour later,’ she said. ‘I didn’t even realise he was dying. I didn’t even have a chance to say goodbye.’

The death certificate said Mr Gorny had died because of a ‘water deficit’ and ‘hypernatraemia’ – a medical term for dehydration.

And you can’t sue them because they are the government.

Posted in 2012, Chuck Norton, Corporatism, Culture War, Economics 101, Health Law, Leftist Hate in Action | Leave a Comment »

Should the states amend the Constitution to stop these land grabs?

Posted by iusbvision on March 6, 2010

The Founders never wanted to see federal power used this way. The video also gives a good example of how constant meddling by the federal government undermines consumer and investor confidence.

Most of these land grabs serve one purpose, to stop mining, drilling, natural gas, foresting, hunting etc etc. These land grabs are huge job killers. This also tends to make forest fires much worse. The timber companies used to manage the underbrush in the forests. When Bill Clinton forbade them to do that we ended up with forest fires that consumes massive amounts of land. ….that’s right, government mismanages land too, not just your money.

Via Ed Morrissey at Hotair:

Jim DeMint took to the Senate floor and the pages of the Washington Times earlier this week to expose a plan by the White House to seize over 10 million acres of land in nine Western states. Using an obscure clause in the Antiquities Act of 1906, the Department of the Interior under Ken Salazar would designate the land as “monuments” in order to block the use of the resources in those states. DeMint correctly asserts that this is not only a perversion of the intent of the Antiquities Act, but also a huge power grab by the federal government at the expense of the states.

Americans should be wary of any plans a president has to seize land from the states without their consent. Any new plans to take away states’ freedom to use land as they see fit must be stopped.

That’s why I sponsored an amendment to block Mr. Obama from declaring any of the 14 lands listed in the memo as “monuments.” Unfortunately, the Senate, led by Democrats, rejected it on Thursday evening by a vote of 58-38.

It was particularly disappointing that the Senate Majority Leader Harry Reid, of Nevada, voted against the amendment. The government owns more than 80 percent of the land in Nevada and the unemployment rate there is 12.8 percent. Surely it would help job prospects if more land were open for business.

This is a nationwide problem. The government currently owns 650 million acres, or 29 percent of the nation’s total land.

Federal bureaucrats shouldn’t be wasting time thinking up ways to acquire more, especially in the middle of a recession. Taking the nation’s resources offline will stifle job creation and dry up tax revenues.

If anything, the government should be selling land off, not locking more up. By voting against my amendment, the Democrats tacitly endorsed Mr. Obama’s secret plan to close off millions more acres to commerce.

It’s not the first time an administration has used this act to seize land from states. Jimmy Carter grabbed 50 million acres from Alaska over their loud objections, and Bill Clinton almost 6 million in 22 separate actions. These executive actions bypassed Congress altogether and made a mockery of state sovereignty. After all, if a state can’t keep the federal government from unilaterally declaring that their land no longer belongs to them, then states have no real power at all — and neither do the people, represented by Congress.

DeMint’s amendment got defeated on a party-line 58-38 vote.

..and the Democrats said that jobs are their number one priority….

Posted in 2012, Chuck Norton, Corporatism, Economics 101, Obama and Congress Post Inaugration | 1 Comment »

CBO: Banks wont pay the new Obama bank tax, you will…

Posted by iusbvision on March 6, 2010

The government doesn’t want to be the baddie when it raises your taxes, so it places taxes and fees on various businesses, they pass on the cost to you and you in turn are angry at said business, when in reality it is your government you should be upset with.

Ask not for whom the tax bell tolls, it tolls for thee!

ABC News:

But the Congressional Budget Office today warned that “the ultimate cost of a tax or fee is not necessarily borne by the entity that writes the check to the government.”

“The cost of the proposed fee would ultimately be borne to varying degrees by an institution’s customers, employees, and investors,” the CBO said today in a letter to Sen. Chuck Grassley.

“Customers would probably absorb some of the cost in the form of higher borrowing rates and other charges, although competition from financial institutions not subject to the fee would limit the extent to which the cost could be passed to borrowers. Employees might bear some of the cost by accepting some reduction in their compensation, including income from bonuses, if they did not have better employment opportunities available to them. Investors could bear some of the cost in the form of lower prices of their stock if the fee reduced the institution’s future profits.”

The availability of credit – already a problem for some consumers and businesses – could also be limited by the proposed fee, the CBO said.

“The fee would probably lower the total supply of credit in the financial system to a slight degree. It would also probably slightly decrease the availability of credit for small businesses.”

The effect of the fee on the banks, the CBO said, would be “small”.

In response to the CBO analysis, Grassley released a statement, saying, “A lot of analysts have said banks would pass the fees onto their customers. The CBO analysis confirms this and adds a lot of points for consideration from a very credible source. Before this proposal moves forward, Congress needs to understand the consequences, good or bad.”

Posted in 2012, Chuck Norton, Economics 101, Mortgage Crisis, Obama and Congress Post Inaugration | 1 Comment »

Head of IMF Proposes Dropping the Dollar as World Reserve Currency

Posted by iusbvision on March 6, 2010

As we have been saying for almost a year, the Federal Reserve and the Treasury are trashing the dollar. It’s value is tanking. The world has been begging us to stop printing and burrowing like we have. Now the world wants out of the dollar and who can blame them?

Associated Press:

Dominique Strauss-Kahn, the head of the International Monetary Fund, suggested Friday the organization might one day be called on to provide countries with a global reserve currency that would serve as an alternative to the U.S. dollar.

“That day has not yet come, but I think it is intellectually healthy to explore these kinds of ideas now,” he said in a speech on the future mandate of the 186-nation Washington-based lending organization.

Strauss-Kahn said such an asset could be similar to but distinctly different from the IMF’s special drawing rights, or SDRs, the accounting unit that countries use to hold funds within the IMF. It is based on a basket of major currencies.

He said having other alternatives to the dollar “would limit the extent to which the international monetary system as a whole depends on the policies and conditions of a single, albeit dominant, country.”

Strauss-Kahn, a former finance minister of France, said that during the recent global financial crisis, the dollar “played its role as a safe haven” asset, and the current international monetary system demonstrated resilience.

“The challenge ahead is to find ways to limit the tension arising from the high demand for precautionary reserves on the one hand and the narrow supply of reserves on the other,” he said.

Several countries, including China and Russia, have called for an alternative to the dollar as a reserve currency and have suggested using the IMF’s internal accounting unit.

Posted in 2012, Chuck Norton, Economics 101 | Leave a Comment »

Senate Democratic Leader “36,000 job losses is ‘really good.’”

Posted by iusbvision on March 6, 2010

They don’t feel our pain.

Is Harry Reid running for RNC spokesman?

All I can say is, imagine the reaction of Bush had said this.

Seriously, bad economic policy and political corruption cause great suffering among the people. Most of us know people who have been suffering since the mortgage collapse.

Posted in 2012, Chuck Norton, Journalism Is Dead | 1 Comment »

The Cubanization of Venezuela

Posted by iusbvision on March 6, 2010

The Weekly Standard:

The Cubanization of Venezuela began a long time ago, but it took another large step in early February, when Cuban general Ramiro Valdés arrived in Caracas to serve as a government consultant. Valdés, 77, has been one of the most brutal enforcers of the Castro regime, beginning in the 1960s when he was responsible for crushing popular protests over energy-use restrictions. He established Castro’s ruthless G2 intelligence service and is currently number three in the Cuban hierarchy. 

According to Venezuelan president Hugo Chávez, Valdés and his retinue are there to help the South American country solve its dire electricity crisis.  Cuba has been experiencing major electricity problems for 50 years, so it’s unclear just what assistance its advisers would be able to provide on energy policy. (Writing in the Ven-ezuelan newspaper El Universal, journalist Nelson Bocaranda noted that the Cubans have actually damaged several Venezuelan power generators.) 

And Valdés is no energy expert. He is an expert in managing the repressive organs of a police state. He’s been sent to Venezuela to help Chávez suppress the popular revolt and further consolidate his autocracy. It’s part of a broad Cuban effort to prop up the Bolivarian revolution and ensure that Chávez keeps providing the Communist island with generous shipments of cheap oil.

Havana has good reason to be worried about Venezuelan stability. Recent months have seen massive anti-Chávez demonstrations, with tens of thousands of angry Venezuelans filling the streets to complain about, not just electricity shortages, but also water rationing, high crime rates, runaway inflation, corruption, and the erosion of democracy. Venezuela is suffering from a lengthy drought, which isn’t Chávez’s fault. But the rest is. As Venezuelan exile Gustavo Coronel has written, “For the last ten years the infrastructure generating both hydroelectric and thermal electricity in the country has been badly neglected, in favor of Chávez’s demagogic programs of handouts to poor Venezuelans and to friendly politicians in the region.”

Posted in Other Links | Leave a Comment »

British Government wants competence tests before you can be a dog owner

Posted by iusbvision on March 6, 2010

England is going broke, they have a health care system that is akin to a shop of horror’s but hey they have their priorities straight.

Europe is so enlightened aren’t they? Just ask any progressive and they will tell you.

UK Daily Mail:

Every dog owner will have to take a costly ‘competence test’ to prove they can handle their pets, under new Government proposals designed to curb dangerous dogs.

Owners of all breeds would also have to buy third-party insurance in case their pet attacked someone, and pay for the insertion of a microchip in their animal recording their name and address.

The proposals are among a range of measures to overhaul dog laws in England and Wales being considered by senior Ministers, who are expected to announce a public consultation within weeks.

But critics said responsible dog owners would be penalised by yet more red tape and higher bills – one expert estimated the extra costs at £60 or more – while irresponsible owners of dangerous dogs would just ignore the measures.

They added that genuine dog lovers could end up paying for efforts to control a small number of ‘devil dogs’ that terrorised socially deprived areas.

Posted in Other Links | Leave a Comment »

Remember when Pelosi and the Dems said that those who engage in unethical behavior should resign?

Posted by iusbvision on March 6, 2010

So what if the guy who writes the tax laws is a tax evader and has corporations buy him trips to island resorts…. it’s not like he endangered national security Pelosi says…

After seeing that Republicans started making hay with this Rangel has asked for a leave of absence from the chairmanship of the most powerful committee in Congress (Ways & Means) till the election is over and then he can jump right back in. Rangel took this action on his own after over a year of this nonsense going on. Pelosi wasn’t out there making a press conference like you saw above. Oh yea and how long did they protect that Congressman from new Orleans who had the bribe money stored in his freezer?

Posted in 2012, Campaign 2008, Chuck Norton, Government Gone Wild, Leftist Hate in Action | Leave a Comment »

CJR: Almost half of magazine websites don’t note post-publication corrections

Posted by iusbvision on March 5, 2010

Oh yes it is those evil traditionalist/conservative/libertarian bloggers who have no journalistic standards….

Stick this in your pipe and smoke it.

I had to find out about this Columbia Journalism Review study on Hotair.com because I have realized that CJR removed me from their mailing list. Gee I wonder why they did that :-). I guess I will have to resubscribe with a secret email addy.

Ed Morrissey:

The next time bloggers hear that they don’t have standards up to par with the mainstream American media, this study by Columbia Journalism Review will come in handy.  Bloggers have a practice that has become an industry standard to note corrections and changes to posts, especially substantive changes in facts or conclusions.  CJR’s survey of print magazines with websites reveals that almost half of them don’t bother:

The new CJR survey on the practices of magazine Web sites (read it here!) contains lots of interesting information, but one of the most striking nuggets relates to online correction policies. According to the survey, forty-six percent of the magazines at which a print editor is in charge of online content reported that “major errors” are corrected with no notice to readers. For sites where a Web editor makes online content decisions, the figure (54 percent) is even higher.

The findings suggest that many magazine sites haven’t internalized a point made by, among others, CJR’s Craig Silverman: that “one practice that simply isn’t an option for responsible journalists is scrubbing—removing incorrect or outdated information from an online article without adding a correction, editor’s note, or some similar disclosure for readers.”

Scrubbing isn’t limited to magazines, either.  The Miami Herald extensively rewrote an entire article on Marco Rubio last week after its first version questioned whether Charlie Crist had chosen a strategy that would likely backfire on him.  The new version of the article was much more harsh to Rubio, and it contained no indication that the newspaper had changed a thing.  It’s certainly not the first time we’ve seen that from a newspaper’s website, either.

Some may note that magazine websites usually have shoestring budgets, with limited resources for rewrites and corrections.  That’s probably true, although that’s not exactly the point of the CJR study.  It asks when those corrections get made, do these media outlets let their readers know about them?  The higher-trafficked sites — those with monthly unique visitors over 50,000 — are actually less likely to inform their readers of a factual correction (page 20).  Whether the website is profitable or not makes little difference in the correction policy.

Bloggers who used this kind of policy would get reamed by their colleagues, and rightly so.  Perhaps the time has come to demand that media outlets meet the same standard as bloggers?

Posted in Other Links | Leave a Comment »

Profiles in Unrestrained Progressivism: Detroit

Posted by iusbvision on March 5, 2010

See your utopia in action.

Progressives are always touting all the things that they do for minorities. Well lets see, they keep those in the inner city trapped in failing and unsafe schools, they chase away wealth which makes for bad infrastructure and poor opportunities for employment and as the entire situation breaks down crime starts to run rampant.

One of these days the people of the inner city are going to have had enough and either revolt or start voting for someone else. Look at the places where the left has unrestrained power, look at what is happening to those places economically and culturally. It is very sad.

You see this is the result of progressivism. There are biological progressive socialists like David Duke, who want to redistribute power and wealth according to his own biological and societal engineering standards. There are class warfare socialists like Van Jones and the President who want to redistribute wealth and engineer society in a way they wish. What they don’t tell you is that while both of them do this in the name of “freedom” or “culture” or “diversity”; in order to achieve their goals it always requires a leviathan state with themselves in control over you as the individual.

Their “freedom” isn’t freedom at all, it is tyranny with a smiley face. The only politician who says freedom and means it is the one who tries to get government out of your way and off of your back, doesn’t bankrupt you and doesn’t take half of your money. Economic power is real power and weather it is David Duke, Van Jones or the President, they seek  to strip someone of their private property and economic power and empower themselves in the process.

Posted in Campus Freedom, Indoctrination & Censorship, Chuck Norton, Culture War, Economics 101, Leftist Hate in Action | Leave a Comment »

Jews Flee Southern Sweden over Racist Muslim Attacks.

Posted by iusbvision on March 5, 2010

This is a story that we have written about before (1, 2, 3). It is very fashionable to be antisemitic among the European left, so much so that when radicalized muslims started moving into Europe in mass to exploit their welfare state little to nothing was done when they started making a state within a state in a full-blown effort to balkanize themselves.

Criticizing Jews is considered fashionable in Europe, but critiques of radicalized islamic enclaves can result in “hate speech” charges against those who dare speak the truth of what is going on. Ayann Hirsi Ali spoke the truth and her friend Theo Van Gogh was murdered for it. Mark Steyn was taken to court over his accurate portrayal of the problem.

To those who are not familiar with Europe might think that Europe is much like the United States in this regard. It is not. The stigma that comes with racism in the United States just isn’t as strong in Europe. The only antisemitism I have ever seen first hand are from a radicalized student who threatened me to try to shut me up (you can see how well that worked) and a few professors here at IUSB. Although antisemitic displays are common at fair left anti-war protests. This film is an example: 

UK Telegraph:

Jews leave Swedish city after sharp rise in anti-Semitic hate crimes

Sweden’s reputation as a tolerant, liberal nation is being threatened by a steep rise in anti-Semitic hate crimes in the city of Malmo.

In 2009, a chapel serving the city’s 700-strong Jewish community was set ablaze. Jewish cemeteries were repeatedly desecrated, worshippers were abused on their way home from prayer, and “Hitler” was mockingly chanted in the streets by masked men.

“I never thought I would see this hatred again in my lifetime, not in Sweden anyway,” Mrs Popinski told The Sunday Telegraph.

“This new hatred comes from Muslim immigrants. The Jewish people are afraid now.”

Malmo’s Jews, however, do not just point the finger at bigoted Muslims and their fellow racists in the country’s Neo-Nazi fringe. They also accuse Ilmar Reepalu, the Left-wing mayor who has been in power for 15 years, of failing to protect them.

Mr Reepalu, who is blamed for lax policing, is at the centre of a growing controversy for saying that what the Jews perceive as naked anti-Semitism is in fact just a sad, but understandable consequence of Israeli policy in the Middle East.

While his views are far from unusual on the European liberal-left, which is often accused of a pro-Palestinian bias, his Jewish critics say they encourage young Muslim hotheads to abuse and harass them.

Professor Jacobsen comments HERE.  

I know that my support of Israel raises the ire of some of the extreme left on campus. Too bad.

Posted in Campus Freedom, Indoctrination & Censorship, Chuck Norton, Israel | 2 Comments »

College Friend of Obama: He was a committed Marxist-Leninist

Posted by iusbvision on March 5, 2010

Dr. John C. Drew, “I was a Marxist myself back in 1980…”

Listen to the interviews HERE and HERE.

Is this news? Not if you have read Obama’s books. Obama states that he was raised by Marxists, mentored by them (Frank Marshall Davis etc), and chose to hang around Marxist professors in college.

Listen to the part about how Drew and Obama praised the Soviet Union and how the academic left thought it was the way to go. As someone who was alive and engaged during that time this is not suprising at all. It may seem hard to believe by today’s attitudes, but almost to the time of the Soviet collapse, the academic, journalistic and activist left was well steeped in Soviet apologetics. I remember it well.

The average uninformed voter (like most students) may be surprised by this information or just go into denial about it, but to anyone who has studied Obama understood this well before this interview with Dr. Drew.

Posted in 2012, Campaign 2008, Campus Freedom, Indoctrination & Censorship, Chuck Norton, Obama and Congress Post Inaugration | Leave a Comment »

Economics 101: The Kondratiev Wave and the Value of Loss in Capitalism

Posted by iusbvision on March 5, 2010

Capitalism is a profit and loss system. Profit rewards good ideas, good management, satisfied customers, and reasonable risk. Loss punishes those who take foolish risks, manage badly, abuse customers, etc.

Loss often saves companies and jobs. When the government bailed out the airlines decades ago, they still went bankrupt did they? But after they did the airlines reorganized and did better. Some airlines went under and they were bought up by the good ones so parts of those companies were preserved. When Studebaker went under the good parts of it were bought up. If GM had been allowed to reorganize under bankruptcy or if the good parts of GM would have been bought up the company would have relaunched itself likely better than the position it is in today.

On the long-term macro-economic scale, the government, keynesian theory, and socialist/progressives try to stop that wave or its impact; doing so is often foolish and damaging to an economy in the long-term.

Government tries to prop up the economy in the down cycle or during recessions by spending and rewarding loss with bailouts so that the utility effect of loss isn’t allowed to progress as it should. The ill-conceived stimulus package is an example, while a small percentage of it was helpful, most of it was good money after bad.

Glenn also talks about how capital and investments go where they are treated well. China has lower corporate taxes and capital gains taxes than the United States. China also does not have a problem with political ideologues bent on punishing wealth.

Posted in Chuck Norton, Corporatism, Economics 101, Obama and Congress Post Inaugration | Leave a Comment »

Watch Rachel Maddow Lie About Tax Cuts and Reconciliation

Posted by iusbvision on March 3, 2010

First watch this -

And now the reality.

While reconciliation has been abused to pass S-CHIP and the new drug entitlement and those indeed were abuses of this rule, she leaves them out for some reason. Reconciliation is only to be used for budget issues because the Constitution says that Congress has to pass a budget so it may not be filibustered. Even Senator Byrd says that passing health care sweeping regulations under reconciliation is illegal. The Democrats had a cow when the Republicans threatened to use reconciliation to stop their illegal filibuster of nominations (you see, confirmation votes on nominees is a Constitutional requirement too which is why filibustering a nominee is illegal); apparently what is good for thee is not good for we.

UPDATE - Video: Obama says health reform should not pass with a 50 plus 1 vote - LINK.

Almost every one of those acts she listed are budget bills. Tax legislation is a part of budget issues and using reconciliation for that is perfectly appropriate. By the way, government revenue skyrocketed after the tax cuts. When Maddow says tax cuts caused deficits she is lying and below is a small sample  of the evidence of the increased revenue [I have more here].

You see, when your revenue shoots up and you still go in the red, that indicates a spending problem not a revenue one. Like I said before, correcting Maddow could fast become a full time job.

Reducing the capital gains tax rate from 20% to 15% increased capital gains tax receipts by 79% from 2000 to 2004. Cutting the dividend tax rate by more than half–from 39.6% to 15%–increased dividend tax receipts by 35% from 2002 to 2004. And corporate tax receipts have nearly tripled since 2003, reaching $250 billion for the past nine months, 26% higher than the same period last year. (WSJ July 25, 2006)

WASHINGTON — The federal deficit in the budget year that just ended fell to a four-year low of $247.7 billion _ a figure President Bush touted Wednesday as “proof that pro-growth policies work.” The deficit for the budget year that ended Sept. 30 was 22.3 percent lower than the $318.7 billion imbalance for 2005, handing Bush a welcome economic talking point as Republicans battle to hold onto control of Congress in the midterm elections. (AP Oct. 11, 2006)

One place it has come from are corporations, whose tax collections have climbed by 76% over the past two years thanks to greater profitability. Personal income tax payments are up by 30.3% since 2004 too, despite the fact that the highest tax rate is down to 35% from 39.6%. The IRS tax-return data just released last month indicates that a near-record 37% of those income tax payments are received from the top 1% of earners — “the rich,” who are derided regularly in Washington for not paying their “fair share.” (WSJ Oct. 6 2006) – The rich are paying more in real dollars since the tax cuts.

US Treasury Sets New 1-Day Tax Receipt Record Of $85.8 Billion
Tuesday September 19th, 2006 / 0h04

WASHINGTON -(Dow Jones)- The U.S. government recorded record-high overall and corporate tax receipts on Sept. 15, which was a quarterly deadline for tax payments, the Treasury said Monday.

Total tax receipts were $85.8 billion on Friday, compared with the previous one-day record of $71 billion on Sept. 15 of last year, the Treasury said.
Within the overall figure, corporate tax receipts Friday were $71.8 billion, up from $63 billion in September of last year.

Treasury Undersecretary for Domestic Finance Randal Quarles said Friday’s numbers provided a “continuing demonstration of the strength of the U.S. economy.”

“In fact, Friday’s gross receipts were the largest in a single day in the nation’s history – 20% higher than receipts on the same quarterly tax payment date last year,” Quarles said in a statement.

October 27, 2006 at 10:30 pm e
Laffer’s Victory – July 10, 2006 – The New York Sun
July 10, 2006 Edition
Laffer’s Victory
New York Sun Staff Editorial
July 10, 2006

It’s official — Arthur Laffer wins. New data show federal revenues surged in the first three quarters of the current fiscal year. Corporate tax receipts are up more than 26% over the same period last year, ringing in at $250 billion. Individual income tax collections, at $791 billion, are up 14% over the first nine months of fiscal 2005. The Congressional Budget Office projects corporate tax receipts will total $330 billion by the end of the fiscal year. As a result, the deficit for the year is expected to be about $300 billion, down from $318 billion last year and $412 billion the year before.

What, you ask, has led to this miraculous event? A tax cut, it turns out. Or rather, an array of tax cuts, on corporate income, personal income, and capital gains. These tax cuts, passed in 2001 and 2003, appear to be having the desired effect of spurring economic growth by creating addition incentives for work and entrepreneurship. The latest numbers, moreover, offer some hard data to challenge some of the charges leveled against President Bush and congressional Republicans in respect of tax cuts. These tax cuts haven’t exactly benefited “the rich.” A third of those higher income-tax revenues came from the highest-earning 1% of households, according to the New York Times.

Budget Deficit Drops $296B Under Estimate
Jul 11, 11:01 AM (ET)
By ANDREW TAYLOR
My Way
WASHINGTON (AP) – President Bush touted new deficit figures Tuesday showing considerable improvement upon earlier administration predictions, saying it shows the wisdom of his tax cuts.

Bush himself announced the figures – a task that for the most part has been left to lower-ranking administration officials in the past. The new figures show the deficit for the budget year ending Sept. 30 will be $296 billion – much better than the $423 billion that Bush predicted in February and a slight improvement over 2005.

October 27, 2006 at 10:33 pm e
Surprising Jump in Tax Revenues Is Curbing Deficit
Surprising Jump in Tax Revenues Is Curbing Deficit – New York Times
By EDMUND L. ANDREWS
Published: July 9, 2006

WASHINGTON, July 8 — An unexpectedly steep rise in tax revenues from corporations and the wealthy is driving down the projected budget deficit this year, even though spending has climbed sharply because of the war in Iraq and the cost of hurricane relief.

Graphic: Mixed Signals On Tuesday, White House officials are expected to announce that the tax receipts will be about $250 billion above last year’s levels and that the deficit will be about $100 billion less than what they projected six months ago. The rising tide in tax payments has been building for months, but the increased scale is surprising even seasoned budget analysts and making it easier for both the administration and Congress to finesse the big run-up in spending over the past year.

Tax revenues are climbing twice as fast as the administration predicted in February, so fast that the budget deficit could actually decline this year.

A flood of income tax payments pushed up government receipts to the second-highest level in history in April, giving the country a sizable surplus for the month. In its monthly accounting of the government’s books, the Treasury Department said Wednesday that revenue for the month totaled $315.1 billion as Americans filed their tax returns by the April deadline. The gusher of tax revenue pushed total receipts up by 13.4 percent from April 2005. (AP May 10, 2006)

WASHINGTON, July 8 — An unexpectedly steep rise in tax revenues from corporations and the wealthy is driving down the projected budget deficit this year, even though spending has climbed sharply because of the war in Iraq and the cost of hurricane relief. (NYT July 9, 2006)

Here is a Video of JFK talking about how tax cuts can increase revenue.
YouTube – Income Tax Cut. JFK Hopes To Spur Economy 1962/08/13 (1962)

SOURCE: CBO, White House Office of Management and Budget | The Washington Post – March 21, 2009

Mona Charen, who is one of the finest thinkers alive, has the best column explaining this:

Let’s imagine that President Obama decides to go help out in Fargo, N.D., where they are experiencing floods. Mr. Obama enters the home of a flooded family. The water is already six inches high in the living room. The president produces a fire hose and begins to douse the room with even more water. “What are you doing?” cry the anguished homeowners. The president fixes them with one of his impatient looks, and explains “May I remind you that I inherited this flood?”

President Obama has reminded us countless times that he inherited a $1.3 trillion deficit. Even if he were about to propose the most responsible, prudent, visionary budget imaginable, that complaint would still be petulant and unseemly. But considering what Obama’s own spending will do to the deficit, it’s jaw-droppingly galling. He now proposes to increase that deficit to $7 trillion in ten years. And that $7 trillion is probably a low estimate (the Congressional Budget Office estimates that it will be $2.3 trillion higher). When the new spending for programs like Pell grants, education for handicapped children, and so forth comes up for renewal in a few years, Congress is not going to let it lapse. So, to review, it was terrible for President Bush and the Democratic Congress (the president neglects to mention the latter) to saddle him with all this debt. His answer is to triple it. That’s showing ‘em!

Posted in Other Links | 4 Comments »

Glenn Beck Catches a Progressive/Communist’s Speaking Frankly on Video

Posted by iusbvision on March 3, 2010

March 2, 2010.

Posted in Campus Freedom, Indoctrination & Censorship, Chuck Norton, Culture War, Economics 101 | Leave a Comment »

UC San Diego minority student responsible for hanging a noose in campus library

Posted by iusbvision on March 2, 2010

Seems like a big shock, except to those who have done the research. Most of the known ”outrageous” examples racial symbols and race based “propaganda attacks” on campus are either committed by the alleged minority victims or other minorities. Ann Coulter had a chapter in her book just about these incidents.

The radical left tries to spread fear by spreading a narrative that klansmen are everywhere. I may be a student but I am older than most of my professors. As time goes on it seems to me that the nuts over at stormfront are likely the same couple of hundred people around the world that all talk to each other. I have never met or seen a white supremacist or a skinhead or a klansman. I have never seen anyone in real life who holds that view, but I have seen members of the faculty who want central control over our society and economy and I have talked to antisemitic leftist faculty as well. As a student it is just a matter of time before a professor asks you to do some research on the stormfront crowd. Their rhetoric, view and presentation is so over the top and silly I felt compelled to laugh out loud at them because they are so ridiculous.

L.A. Times:

The UC San Diego student reportedly responsible for hanging a noose last week in a campus library issued a public, but anonymous, apology Monday and said she had no racist motivation.

The noose’s discovery set off protests at a school that is already tense from recent racially charged episodes and triggered condemnations from UC leaders and Gov. Arnold Schwarzenegger.

In a letter published Monday on the front page of the UC San Diego student newspaper, the Guardian, the student wrote that the incident was “a mindless act and stupid mistake” and was not meant to recall the lynching of blacks.

“As a minority student who sympathizes with the students that have been affected by the recent issues on campus, I am distraught to know that I have unintentionally added to their pain,” the student wrote. She was suspended Friday and remains under investigation for a possible hate crime.

Incidents like these are not so uncommon.

Human Events Magazine:

Out of legions, here are just a few hoax hate crimes on college campuses.

– In 1997, at Duke University, a black doll was found hanging by a noose from a tree at the precise spot where the Black Student Alliance was to be holding a rally against racism. Two black students later admitted they were the culprits and were immediately praised for bringing attention to the problem of racism on campus. Indeed, four years later the president of Duke gave a baccalaureate address nostalgically describing the hoax as a “protest” against racism. Next stop: the Nobel Peace Prize.

– In 2003, vile racial epithets were scrawled on the dorm room doors at Ole Miss, producing mass protests and a “Say No to Racism” march. And then it turned out the graffiti had been written by black students, against whom no charges were brought. A “Say Yes to Racism” rally at Ole Miss was later canceled due to lack of interest.

– In 2005, obscenity-laced racist and anti-Semitic messages appeared on dormitory walls at the College of Wooster in Ohio. The fliers were instantly blamed on “typical white males,” even though all the letter I’s in the epithets were dotted with little hearts. Breadcrumbs left by the culprits included the message “Vote Goldwater” among the obscenities. The matter was dropped and flushed down the memory hole when the perpetrators turned out to be a group of leftist students led by a black studies major.

– Just this year, anti-Muslim fliers were put out on the George Washington University campus — by leftists, including a member of “Iraq Veterans Against War.” When it was thought the leaflets were from the conservative group Young Americans For Freedom, the dean called for the expulsion of the culprits and the university demanded that YAF officers sign a statement disavowing “hate speech.” But when it turned out leftists had distributed the fliers, the matter was dropped faster than Larry Craig was dropped from Mitt Romney’s campaign.

The one real example of racism on a college campus in recent memory was perpetrated against white men of the Duke lacrosse team. As that injustice was being perpetrated, gender and ethnic professors at Duke kept droning on about the “racism and sexism” students “live with every day” — as the professors put it in an open letter that falsely presumed the players were guilty of rape. We don’t expect a rally against the prejudiced professors, but an apology might be nice.

 

We had our own similar scandal at IU when IUPUI student Keith Sampson was charged with racial harassment by the IUPUI administration for reading a book about how the Klan attacked Notre Dame University in 1925. IUPUI even went so far as to shamelessly smear him in the national press. IUSB Vision Editor Chuck Norton took an active role in Sampson’s defense. When it was all over with IUPUI admitted its false smears against Sampson and sent him a letter of apology.

The faculty and the administration lined up against Sampson. When a couple of professors asked about academic freedom to read a book in a faculty meeting the IUPUI Black Faculty and Staff Council levied a not so thinly veiled threats of racism to stop any serious inquiry in the matter.

IUPUI hired an outside investigator who ended up having racially charged problems herself. IUPUI could not have handled the situation more poorly or dishonestly.

During the ordeal I learned that radicalized “EEOC officers” and “judicial affairs officers” have the view that you are presumed guilty if you are white because of what they refer to as “white privilege”.  Quinn’s Laws define it thusly:  “white privilege is racist idea used by leftist proponents of group politics to explain away the economic and social failure of ’group politics’”. Those who are radicalized frame everything in marxist conflict theory, white vs black, rich vs poor, man vs women etc. They need incidents like these to justify their world view even if they have to invent them out of thin air. They do this in the name of “freedom” or “diversity” but the real goal is just to increase one’s own power. In this regard Lillian Charleston and David Duke are very much alike.

Imagine how flawed our universities must be to have this number of minority students feeling the need to pull off these racial PR stunts. It is sad.

To see our coverage of the IUPUI incident Part 1 of our investigation is HERE and part 2 is HERE.

To see a video documentary of the incident go HERE.

Posted in Campus Freedom, Indoctrination & Censorship, Chuck Norton, Culture War | 1 Comment »

 
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