April 29, 2011
The Destruction of Economic Facts – BusinessWeek
This is huge and well worth reading… titled “The Destruction of Economic Fact”, this article is about how financial rules have been changed to circumnavigate the truth in order to gain short term profit. The end result is not just uncertainty, but an erosion of stability that previously attracted so much worldwide investment into the US economy.
…businesses are left to figure out reality on the basis of connections, influence, and private information. Just like we do in developing and former communist countries.
January 23, 2011
The PJ Tatler » The real political parties
Men by their constitutions are naturally divided into two parties: 1. Those who fear and distrust the people, and wish to draw all powers from them into the hands of the higher classes. 2. Those who identify themselves with the people, have confidence in them, cherish and consider them as the most honest and safe, although not the most wise depositary of the public interests.
This is a quote from Thomas Jefferson and “…although not the most wise depository” is my emphasis. It’s also the thought that has been coming to mind recently.
Common people are by definition not “the best” so it’s understandable there will be those who think normal people are not capable of governing themselves. However a frequent component of common people is the ability to recognize the limits of their talents, which will often result in the restraint of humility along with a capacity to understand the faltering limits of others.
“There but for the grace of God go I” would be a phrase more comfortable in the conversation of a common man than an academic “public servant”. And why shouldn’t it be since we’ve all but dismissed the topic of God from our public forums.
Trust me on this – the greatest powers of God are reserved for the weak and the humble. And the opposite is very much true as well – pride is a nearly insurmountable obstacle to receiving God’s grace.
So while the common man is not the best at everything, he has a resource available that may as well be considered a secret weapon in the eyes of those who would look down upon him. And that weapon is the grace of God.
November 20, 2010
Capitol Hill’s Stock Trading: What the Academic Research Concludes – Deal Journal – WSJ
Did you know Congress is exempt from stock insider trading laws?
As the Journal points out, a piece of legislation called the STOCK Act proposes to bar members of Congress from trading securities based on nonpublic information they obtain. The bill so far has languished.
“Is it really surprising that this has gotten stuck?” Bainbridge said in an interview. “Until there is a very big scandal, it’s one of those classic good government reforms that will go nowhere.”
May 3, 2010
FOXNews.com – Mich. Militia Members Can Leave Jail Until Trial
Whiskey Tango Foxtrot… this is the kind of thing that really sets me off.
Original MSM reports gave the impression that our government had just saved us from horrible people in Michigan intent on destroying America. And now these same monsters have been freed from jail?
The politics here are amazing… every Democrat in a close election joined ex-president Bill Clinton in decrying domestic violence against the government. It was just too easy to associate this with the growing Tea Party movement and the popular message that government is out of control.
This merely drives home the point further.
March 17, 2010
Instapundit » Blog Archive » MORE PROBLEMS with the Slaughter Solution? The biggest problem, of course, is that two weeks ago Ob…
Glenn Reynolds at Instapundit points to an explanation of “Slaughter Solution” rules, however I love Glenn’s appropriate comment:
The biggest problem, of course, is that two weeks ago Obama was calling for an up-or-down vote, and now the House is doing its best to avoid just that…
I think this is a huge reason for the public’s skepticism regarding Obamacare – it changes from week to week in nearly every way… who’s supporting it, what’s covered, how much it costs, how it will get thru Congress. For normal people catching the news on a even a semi-regular basis, healthcare reform is a huge question mark.
Add to that the certainty that very few government programs effectively accomplish what their supposed to do and you shouldn’t be surprised to find a majority of people don’t want Obamacare.
March 14, 2010
How is it that Republicans are responsible for the demise of healthcare reform when Democrats own majorities in both houses of Congress and possess the greatness of The One? Either Repubs have some magic Kryptonite in their possession or the Dems were never as strong as their media enablers would have everyone believe.
Then there’s the argument that healthcare reform is unpopular because the vast majority of America is too stupid to avoid being manipulated by Republican scare tactics. But then those same stupid Americans have a hard time swallowing the obvious political payback occurring between the Democrats and their union supporters. Why can’t stupid Americans stay stupid when it comes to the Dem’s political tricks?
Finally, congress is mandating that everyone must pay into this wonderful plan of theirs – except members of congress.
Seriously… this is just too lame to believe.