The IUSB Vision Weblog

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

Archive for June 15th, 2011

Obama Policies Failing: Sinking Stats Tell Story

Posted by iusbvision on June 15, 2011

Central planning of an economy doesn’t work in large, diverse, environments, and works poorly in small homo-genius societies (Greece, Spain, Portugal all collapsing).

Government spending does not create wealth and in only limited circumstances does it have a long term positive impact with a high velocity of money. Politicians do not spend money on the greatest needs of individuals, businesses and communities; rather they spend those dollars with the hope that it will buy votes, increase influence, and come back in the form of campaign donations. People tend to act in their own self interest, so how can a politicians best interest be everyone elses?

Central planners are also very fond of “tax credits” which they call “tax cuts”. You get a tax credit if you engage in a behavior that the government approves of.  This causes people and businesses to act not in what is best for them, their family, their business, their economic needs or the needs of their customers, rather they are acting in the interests of a politician. How is that good for the economy when it comes down to you feeding and taking care of your family? This also results in mass corruption as the tax code becomes a behemoth filled with politicians picking winners and losers. This is called “crony capitalism” or “state run capitalism” (all of which is just a mutation of socialism/corporatism).

Tax credits are also used as the politicians rhetorical ruse. Very often government tax credits are such a regulatory burden they are an economic non starter or they are so “targeted” it means that almost no one will qualify for them [Example: Tax credit for a family of four who makes under $40,000 per year, who is buying house over 2,000 square feet, that is ran by solar power].

The more the planner’s plans fail the more the planner’s plan – Ronald Reagan.

Larry Kudlow:

With a flamboyant downgrade of the outlook for economic growth, jobs and profits, Wednesday’s 280-point Dow plunge to launch the so-called June stock swoon is a warning shot across the bow.

The Dow tanked alongside a batch of dismal economic data. The ISM manufacturing index, ADP employment, Case-Shiller home prices and consumer confidence are all pointing to 2 percent growth or less, rather than the kind of 5 percent growth we ought to be getting coming out of a deep recession.

The economy now looks like a Government Motors engine that’s stalling out. Or perhaps, with energy and food inflation, and housing deflation at the same time, the economy is acting like a pinball machine on permanent tilt.

There’s a key message here: Big-government stimulus never works.

First there was the massive Barack Obama stimulus spending. Then QE1. And now QE2 is winding down. And what did we get for all this? Slower growth overall, paltry job creation, more energy and commodities inflation, continued housing deflation, and virtually no new business start-up entrepreneurship.

We know the Obama spending package failed to create a 7 percent to 8 percent unemployment rate, as advertised. And now we’re learning that the Fed’s QE2 has actually done more harm than good.

All that money-printing stimulus worked to depreciate the dollar and jack-up commodity prices, especially oil and gasoline, but also food. So both companies and consumers have been punished.

Some demand-side boneheads on Wall Street want the Fed to move to QE3, allegedly to fight a stalling economy. But if the central bank prints another $600 billion or so, all that will do is sink the greenback another 10 percent and drive oil and gasoline prices higher and higher. And that, in turn, will slow business and consumers even more.

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Posted in Chuck Norton, Click & Learn, Corporatism, Economics 101 | 1 Comment »

Press Banned from Vice President Biden’s Fund Raiser Gala’s

Posted by iusbvision on June 15, 2011

OK on one hand I am totally in favor of this because I do not have to watch them.

On the other hand they are a violation of the Obama Administration’s repeated promises of openness and transparency.

Real Clear Politics:

A little more than a week ago, Vice President Joe Biden traveled to fundraisers in two battleground-state cities, Pittsburgh and Cincinnati.

Neither stop included the White House press corps; requests by local media to cover the events were denied by the vice president’s press office. The Democratic National Committee arranged the events for the Obama Victory Fund.

A number of seasoned political reporters and former White House press-office staffers consider that lack of coverage a dangerous precedent.

“It would behoove the Obama administration to keep its promise of transparency even with fundraisers,” agrees Jeff Brauer, a political history professor at Keystone College. “The United States is a democracy, after all.”

Having press coverage of fundraising events that feature the president or vice president matters for at least two reasons, Brauer explains.

“One, large amounts of taxpayer dollars are being used for personal security at such events. As with all tax dollars, they should be spent with accountability.

“Two, it is important for the public to know what the president and vice president are saying to donors. Is it the same message they are saying to the electorate at large?”

Such knowledge helps citizens judge officeholders’ authenticity and integrity.

More

Days before Biden was sworn in as vice president in 2009, he promised to be more open than his predecessor, Dick Cheney.

Yet his official schedule more often than not lists meetings as “closed press” or shows no public events at all.

Posted in 2012, Chuck Norton, Journalism Is Dead, Obama and Congress Post Inaugration, Regulatory Abuse | Leave a Comment »

Creepy Clinton Appointee Judge Tries to Ban All Spiritual References at Graduation Speech – Gets Overturned by Appeals Court

Posted by iusbvision on June 15, 2011

View Liberty Institute’s news release and the Fifth Circuit Court’s ruling.

Watch Angela’s speech on YouTube, and see out this Fox News segment.

Fox News:

A federal judge has ordered a Texas school district to prohibit public prayer at a high school graduation ceremony.

Chief U.S. District Judge Fred Biery’s order against the Medina Valley Independent School District also forbids students from using specific religious words including “prayer” and “amen.”

The ruling was in response to a lawsuit filed by Christa and Danny Schultz. Their son is among those scheduled to participate in Saturday’s graduation ceremony. The judge declared that the Schultz family and their son would “suffer irreparable harm” if anyone prayed at the ceremony.

Texas Attorney General Greg Abbott said the school district is in the process of appealing the ruling, and his office has agreed to file a brief in their support.

“Part of this goes to the very heart of the unraveling of moral values in this country,” Texas Attorney General Greg Abbott told Fox News Radio, saying the judge wanted to turn school administrators into “speech police.”

“I’ve never seen such a restriction on speech issued by a court or the government,” Abbott told Fox News Radio. “It seems like a trampling of the First Amendment rather than protecting the First Amendment.”

Judge Biery’s ruling banned students and other speakers from using religious language in their speeches. Among the banned words or phrases are: “join in prayer,” “bow their heads,” “amen,” and “prayer.”

He also ordered the school district to remove the terms “invocation” and “benediction” from the graduation program.

“These terms shall be replaced with ‘opening remarks’ and ‘closing remarks,’” the judge’s order stated. His ruling also prohibits anyone from saying, “in [a deity’s name] we pray.”

Should a student violate the order, school district officials could find themselves in legal trouble. Judge Biery ordered that his ruling be “enforced by incarceration or other sanctions for contempt of Court if not obeyed by District official (sic) and their agents.”

The Texas attorney general called the ruling unconstitutional and a blatant attack from those who do not believe in God — “attempts by atheists and agnostics to use courts to eliminate from the public landscape any and all references to God whatsoever.”

“This is the challenge we are dealing with here,” he said. “(It’s) an ongoing attempt to purge God from the public setting while at the same time demanding from the courts an increased yielding to all things atheist and agnostic.”

 

The judges ruling was not just wrong, it was unhinged. This is what happens when political donors, cronies, political hacks and campaign envelope lickers get awarded judgeship’s as an “atta boy”.

Posted in Chuck Norton, Culture War, Trashing the Constitution | 1 Comment »

New Book: Hollywood producers and directors openly admit they “black list” conservatives.

Posted by iusbvision on June 15, 2011

In the explosive new book Primetime Propaganda: The True Hollywood Story of How the Left Took Over Your TV Hollywood’s elite sat down with Ben Shapiro and admitted it all.

How did he get them to open up? Says Shapiro, “I put on a ‘Harvard Law’ hat and they just figured I was a left winger as well. They opened right up.”

Actors such as Dwight Schultz lost parts due to conservative black listing

Via The Blaze (2):

Dwight Schultz

Dwight Schultz

Some of the videos have executives making rather obvious revelations, like when Larry Gelbart and Gene Reynolds talk about pacifist messages in M*A*S*H or when MacGyverproducer Vin Di Bona says anti-gun messages were a recurring theme in that show.

But an additional video has Di Bona, who also created America’s Funniest Home Videos, becoming remarkably blunt about his approval of a lack of political diversity in Hollywood. When Shapiro asks what he thinks of conservative critics who say everyone in Hollywood is liberal, Di Bona responds: “I think it’s probably accurate, and I’m happy about it.”

Another video has Leonard Goldberg — who executive produces Blue Bloods for CBS and a few decades ago exec produced such hits as Fantasy IslandCharlie’s Angels and Starsky and Hutch — saying that liberalism in the TV industry is “100 percent dominant, and anyone who denies it is kidding, or not telling the truth.”  Shapiro asks if politics are a barrier to entry. “Absolutely,” Goldberg says.

When Shapiro tells Fred Pierce, the president of ABC in the 1980s who was instrumental in Disney’s acquisition of ESPN, that “It’s very difficult for people who are politically conservative to break in” to television, he responds: “I can’t argue that point.” Those who don’t lean left, he says, “don’t promote it. It stays underground.” …

In the book, subtitled “The true Hollywood story of how the left took over your TV,” Shapiro also tells anecdotes of bias against conservatives. One example is Dwight Schultz, best known for his roles as Murdock in The A-Team and Barclay in Star Trek: The Next Generation.

The late Bruce Paltrow knew that Schultz was a fan of President Ronald Reagan. When Schultz showed up to audition for St. Elsewhere, a show Paltrow produced, to read for the part of Fiscus, Paltrow told him: “There’s not going to be a Reagan a**h*** on this show!” The part went to Howie Mandel.

Here is Dwight Schultz in an award winning scene from Star Trek: The Next Generation

Dwight Schultz as Murdock in The A-Team

Dwight Schultz as Barclay in Star Trek: Voyager

 

MORE!

McGuyver Creator: I am Happy With the blacklisting of conservatives

COPS – Manipulated to be politically correct? –

Fred Silverman of NBC, ABC, and CBS:  The progressive perspective is the only one that is available.

Leonard Goldberg, CBS Producer: Leftism is “100% dominant” –  

 

Posted in Chuck Norton, Culture War, Leftist Hate in Action | Leave a Comment »