Archive for March, 2010
The yield on 10-year Treasuries – the benchmark price of global capital – surged 30 basis points in just two days last week to over 3.9pc, the highest level since the Lehman crisis. Alan Greenspan, ex-head of the US Federal Reserve, said the abrupt move may be “the canary in the coal mine”, a warning to Washington that it can no longer borrow with impunity. He said there is a “huge overhang of federal debt, which we have never seen before”.
David Rosenberg at Gluskin Sheff said Treasury yields have ratcheted up 90 basis points since December in a “destabilising fashion”, for the wrong reasons. Growth has not been strong enough to revive fears of inflation. Commodity prices peaked in January and US home sales have fallen for the last three months, pointing to a double-dip in the housing market.The trigger for last week’s sell-off was poor demand at Treasury auctions, linked to the passage of the Obama health care reform. Critics say it will add $1 trillion (£670bn) to America’s debt over the next decade, a claim disputed fiercely by Democrats.
The Mainstream Media is sure to stay away from this one since it involves a threat against a high-ranking Republican, House Minority Whip Eric Cantor. Norman Leboon, a documented Obama supporter, posted a Youtube video in which he threatened to kill Eric Cantor. From Foxnews.com:
A Philadelphia man was charged Monday with threatening to kill House Minority Whip Eric Cantor, a week after the Virginia Republican said his campaign office was shot at in the aftermath of the health care bill passing Congress.
Local reports said the bullet that shattered a window at Cantor’s office last week turned out to be a stray that had been fired into the air — but the federal charges filed Monday detailed how Cantor was allegedly threatened in an apparently separate incident.
Norman Leboon, 38, was charged after he allegedly recorded and posted on YouTube a video in which he threatened to kill the congressman and his family.
“My Congressman Eric Cantor, and you and your cupcake evil wife,” the video said, according to the complaint. “Remember Eric … our judgment time, the final Yom Kippur has been given. You are a liar, you’re a Lucifer, you’re a pig, a greedy f—ing pig, you’re an abomination, you receive my bullets in your office, remember they will be placed in your heads. You and your children are Lucifer’s abominations.”
Cantor’s office released a statement saying he was notified of the threat over the weekend and that he was “deeply grateful” to law enforcement for their help.
View the full article here.
Good read from George Will in the Washington Post.
A simple reform would drain some scalding steam from immigration arguments that may soon again be at a roiling boil. It would bring the interpretation of the 14th Amendment into conformity with what the authors of its text intended, and with common sense, thereby removing an incentive for illegal immigration.
To end the practice of “birthright citizenship,” all that is required is to correct the misinterpretation of that amendment’s first sentence: “All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the state wherein they reside.” From these words has flowed the practice of conferring citizenship on children born here to illegal immigrants.
A parent from a poor country, writes professor Lino Graglia of the University of Texas law school, “can hardly do more for a child than make him or her an American citizen, entitled to all the advantages of the American welfare state.” Therefore, “It is difficult to imagine a more irrational and self-defeating legal system than one which makes unauthorized entry into this country a criminal offense and simultaneously provides perhaps the greatest possible inducement to illegal entry.”
View the full article here.
Air America – the Left’s sad attempt at Liberal Radio in which their curious business model consisted of hate-speech, no audience, and therefore no sponsors – is auctioning off their users’ email addresses to the highest bidder as part of their bankruptcy filing. So though they repeatedly stated that their users’ info was safe, it turns out that wasn’t the case. Yet another hard lesson to be learned for those on the Left.
On the positive side, they had a pathetically small audience to begin with and I imagine the same could be said of the number of users who submitted their email addresses. So it’s probably not as bad as it seems.
It’s been reported that since progressive radio network Air America filed for bankruptcy on January 25th, 2010, everything has been for sale in the companywide liquidation that’s followed. The auction began today at 11:00 EDT.
While there may be something poignant about that for fans of the network, there’s one thing on the auction block that’s likely to bother them more than the broadcast equipment and cubicles: Their e-mail mailing list, which auctioneers are billing at “intellectual property.”
This in spite of the fact that Air America’s privacy agreement said that newsletter e-mail addresses “[would] not be divulged to any third party” as recently as January 17th of this year.
View the entire post here.
Excellent piece from Milton R. Wolf, M.D. in the American Thinker. Dr. Wolf is a Kansas radiologist who is also a 2nd cousin of Obama.
I am Milton Wolf. After this last week, you probably know me as the doctor who is Barack Obama’s cousin.
Like millions of other Americans, I watched with bafflement and frustration as Congress wrestled with the onerous task of reforming our health care system. After studying both the House and Senate’s health care plans, and a lot of sleepless nights, I knew I had to take a stand for my patients, my profession, my state, and my country. I made the decision to “go public” with my opposition to “ObamaCare.”
I wish my cousin well, but my oath is to my patients.
What began as a humble blog led to a Washington Times op-ed. Then a massive media storm erupted. Morning news with a visit to the Curvy Couch, radio interviews, ruffled feathers at Media Matters & Democratic Underground, another op-ed, an army of Davids carrying my questions to their representatives in Congress, Hannity, more FOX & Friends, radio, and more print and internet opinions than I could ever read. Last Saturday, it all culminated in an address to thirty thousand patriots who set their lives aside long enough to rush to the Capitol and try one more time to be heard by their elected leaders in Washington.
My message is simple: Patients will suffer under ObamaCare.
We are given a preview of what this rationing board will try in section 3007 of the Senate bill. This portion of the health care bill addresses a scheme that actually penalizes your primary care doctor for providing the care he has determined that your family needs. The top ten percent of doctors who refer patients to specialists, no matter how valid the reason, will be penalized. This ignores the expertise of the family care physician. It does not care if your daughter hurt her arm and needs an orthopedic surgeon. It does not care if your mother is short of breath and needs a pulmonologist. It matters to them only how many of your doctor’s patients are sick enough to need a specialist.
There’s no other way to say it: “ObamaCare” penalizes your doctor for providing medical care. This is rationing. It will get worse as costs continue their upward climb and more doctors opt out of Medicare and medicine altogether.
View the full article here.
From John McLaughlin in the American Thinker:
From the New Ledger blog comes news reported by Ben Domenech of an interesting item in the newly passed ObamaCare legislation now being scrutinized in detail:One such surprise is found on page 158 of the legislation, which appears to create a carveout for senior staff members in the leadership offices and on congressional committees, essentially exempting those senior Democrat staffers who wrote the bill from being forced to purchase health care plans in the same way as other Americans.Sweet, huh? Domenech explains that, during passage of the legislation, controversy arose as to whether Congress would commit to placing themselves under the same health care exchanges being mandated for average citizens. To that end, the words were added to the legislation mandating that each Member of Congress and the Member’s congressional staff would have health plans created under the Healthcare Act.
Sounds great until you dig into those pesky details — such as the definition of “congressional staff” (emphasis added):(ii) DEFINITIONS- In this section:(I) MEMBER OF CONGRESS- The term ‘Member of Congress’ means any member of the House of Representatives or the Senate.(II) CONGRESSIONAL STAFF- The term ‘congressional staff’ means all full-time and part-time employees employed by the official office of a Member of Congress, whether in Washington, DC or outside of Washington, DC.Thus, by this definition, the legislation applies only to a Member of Congress and the member’s personal office staff. It does not apply to the Democrat staffers employed by the various Congressional committees or the Congressional leadership. Domenech confirms:According to the Congressional Research Service, this definition of staff will only apply to those staffers employed within a member’s “personal office” – meaning that it will absolutely not apply to committee staff members, and may not apply to leadership staff.
It starts. As of today, nearly a dozen states are set to sue with another 26 in the initial phases of filing suit. From state-controlled Reuters:
“The health care reform legislation passed by the U.S. House of Representatives last night clearly violates the U.S. Constitution and infringes on each state’s sovereignty,” Florida Attorney General Bill McCollum, a Republican, said in a prepared statement announcing a news conference.
“On behalf of the State of Florida and of the Attorneys General from South Carolina, Nebraska, Texas, Utah, Pennsylvania, Washington, North Dakota, South Dakota and Alabama if the President signs this bill into law, we will file a lawsuit to protect the rights and the interests of American citizens.”
From John Boehner’s speech on the House floor:
“We have failed to listen to America. And we have failed to reflect the will of our constituents. And when we fail to reflect that will – we fail ourselves and we fail our country.”
Sen. Jim DeMint, one of the few Republican Senators not afraid to raise his voice, will introduce legislation to repeal the healthcare bill. It begins.
From The Freedom Post:
“This bill is unconstitutional and it cannot be fixed. It must be repealed,” said Senator DeMint. “The battle for health care freedom is not over and I will introduce legislation this week to repeal this health care takeover.
“Unless this trillion-dollar assault on our freedoms is repealed, it will force Americans to purchase Washington-approved health plans or face stiff penalties. It will fund abortions, raise taxes and insurance premiums, while reducing health care choices and quality.This arrogant power grab proves that the President and his party care more about government control than the will of the American people. Americans told Washington to keep its hands off their health care in opinion polls, at public protests, and at the ballot box, but their pleas were ignored. If the President and Democrats were serious about true health care reform, there were many free-market solutions we could have easily passed. Americans support commonsense reforms such as purchasing coverage across state lines, stopping frivolous medical lawsuits, and giving the same tax breaks to Americans who don’t get their insurance at work. Unfortunately, Democrats refused to listen.”
Good riddance. Major props to Andrew Breitbart, James O’Keefe III, and Hannah Giles (the brain, the pimp, and the prostitute) for bringing down this useless, corrupt, and taxpayer-funded organization.
The once mighty community activist group ACORN announced Monday it is folding amid falling revenues — six months after video footage emerged showing some of its workers giving tax tips to conservative activists posing as a pimp and prostitute.
“It’s really declining revenue in the face of a series of attacks from partisan operatives and right-wing activists that have taken away our ability to raise the resources we need,” ACORN spokesman Kevin Whelan said.
Several of its largest affiliates, including ACORN New York and ACORN California, broke away this year and changed their names in a bid to ditch the tarnished image of their parent organization and restore revenue that ran dry in the wake of the video scandal.
ACORN’s financial situation and reputation went into free fall within days of the videos’ release in September. Congress reacted by yanking ACORN’s federal funding, private donors held back cash and scores of ACORN offices closed.
At least he’s honest.
From Clarice Feldman in the American Thinker:
That case has been settled and the settlement is confidential.But one portion of it is now public and it indicates that Buckeye was successful. ACORN will no longer conduct election activities in that state.ACORN, the liberal group notorious for allegedly trying to inflate voter rolls through fraudulent practices, has seen its last election in Ohio.The Association of Community Organizations for Reform Now will permanently surrender its Ohio business license by June1 as part of a legal settlement with the conservative Buckeye Institute for Public Policy Solutions, both sides said yesterday.ACORN was active in Ohio in the 2006 and 2008 elections, working to register thousands of low-income people to vote and get them to the polls. The group’s efforts were marred by irregularities, including one case in which ACORN workers allegedly induced a Cleveland man to register to vote 72 times, offering cigarettes as an incentive.The Buckeye Institute’s 1851 Center for Constitutional Law teamed with two Warren County residents to sue ACORN in Warren County Common Pleas Court just before the 2008 election. The residents alleged that their rights were abridged by thousands of fraudulent voter registrations, each representing “a potential illegal vote that has the capacity to dilute (legitimate) votes.”
Illinois Senate Democrat Dick Durbin is actually telling the truth on this. One has to think that wasn’t what he meant to do… Courtesy of Hotair.com.
The state of Wisconsin faced serious problems of election fraud in the 2004 election in what some of us at the time called “The Silence of the Cheese.” In the aftermath of the embarrassing scandal, the state pushed hard for reforms — unsuccessfully at times, as with voter-ID laws — and raised the enforcement profile for voter fraud. Before the 2008 election, Wisconsin’s Attorney General J. B. Van Hollen and Milwaukee County District Attorney John Chisolm formed a special task force to combat attempts to pervert elections, especially in Milwaukee, where most of the problems occurred in 2004.
Today, Van Hollen announced indictments in five cases — including two felony indictments against ACORN for scheming to have registrants vote multiple times in November 2008.
View the full article here.
Yet not only is the Mainstream Media silent on this, but they continue to reference this incident as right-wing extremism. Truly pathetic. (which could also be said of their viewership/readership).
Voter info for John Patrick Bedell from Michele Malkin.
ResAddr1,ResAddr2,ResCity,ResState,ResZip 110 Georges Dr Hollister,CA
Well deserved, I’m sure. From John Leonard in the American Thinker:
The University of Tennessee announced that former Vice President Al Gore will receive an honorary doctorate of Laws and Humane Letters in Ecology and Evolutionary Biology on May 14 at graduation ceremonies, where he will be the featured commencement speaker. Reporter Chloe White Kennedy wrote on knoxnews.com that UT chancellor Jimmy (no tongue in) Cheek said:
Vice President Gore’s career has been marked by visionary leadership, and his work has quite literally changed our planet for the better. He is among the most accomplished and respected Tennesseans in history, and it is fitting that he should be honored by the flagship education institution of his home state.
Al will be adding to an impressive haul of honors and accolades that he’s accumulated over the years, including the first runner-up for Time Person of the Year in 2007, the Dan David award from Israel (with a million bucks), an Oscar, and the Nobel Peace Prize (and another million).
The green champion of global warming recently emerged from wherever he had been hiding since Climategate broke to submit a self-serving op-ed piece to the New York Times. Gore wrote,
But unfortunately, the reality of the danger we are courting has not been changed by the discovery of at least two mistakes in the thousands of pages of careful scientific work over the last 22 years by the Intergovernmental Panel on Climate Change.
The two errors to which Al referred were the claim the Himalayan glaciers were melting because of an article in a hiking magazine and the failure of certain researchers to abide by British Freedom of Information Act requests from climate change skeptics. In the Times piece, he also wrote that “e-mail messages stolen from the University of East Anglia in Britain showed that scientists besieged by an onslaught of hostile, make-work demands from climate skeptics may not have adequately followed the requirements of the British freedom of information law.”
Did Al actually read the article to which he provided the link in the quote above? It talked about how the scientists “flouted” regulations. Those were the same poor scientists “besieged by an onslaught of hostile, make work demands” who cheered at the death of a leading skeptic who had been hounding them to validate their alarmist claims.
Al conveniently ignored recent admissions by lead climate conspirator Phil Jones that there’s been no warming for fifteen years when he amazingly wrote, “What is important is that the overwhelming consensus on global warming remains unchanged.”
But Al cannot afford to accept this inconvenient truth. Climategate exposed the leading climatologists and global warming experts as conspirators, data-fabricators, and obstructionists. Al’s got too much skin in the game, standing to make billions if Obama advocates for cap-and-trade as he’s done for health care reform.
According to the U.K. paper The Guardian, Gore has invested in one company that received over half a billion dollars in subsidies from the Department of Energy. Another company he’s involved with received $683 million for “green investment.” With those two companies alone, Gore has interests that control over a billion dollars in U.S. funds, and if cap-and-trade is ever passed, he’ll control much, much more.
Hypocrisy is nothing new to Al Gore. He huffed (through a spokesperson, naturally) that he purchased more than enough green power to balance his electricity costs. However, in February 2007, Bruce Nussbaum reported in Business Week:
The average household in America consumes 10,656 kilowatt-hours (kWh) per year, according to the Department of Energy. In 2006, Gore devoured nearly 221,000 kWh-more than 20 times the national average.
Courtesy of Hotair.com.
Another Democrat embroiled in a scandal. How novel. Welcome to Hope and Change.
Facing “allegations of misconduct” that reportedly involve sexual harassment against a male staffer, freshman Rep. Eric Massa is resigning Monday.
“I own his reality,” the New York Democrat said in a statement, admitting to using language that “might make a chief petty officer feel uncomfortable.”
Massa went on to call Washington an “incredibly toxic atmosphere” and said the ethics committee probe “would tear my family and my staff apart.”
“In that investigators would be free to ask anything about me going back to my birth, I simply cannot rise to that level of perfection,” he said. “God knows that I am a deeply flawed and imperfect person.”
The House ethics panel is reviewing a complaint by a male staffer who reportedly felt uncomfortable in a situation with Massa that had sexual overtones.
Massa said he is resigning with a “profound sense of failure and a deep apology to all those whom, for the past year, I tried to represent as our nation struggles with problems far greater than anyone can possibly imagine.”
Massa announced Wednesday he would retire at the end of his term because of a recurrence of non-Hodgkins lymphoma, first diagnosed in 1996. He also addressed head-on the harassment allegations.
“The allegations are totally false. I am a salty old sailor,” Massa, a former Navy officer, said at a news conference. “These are blogs that are saying that I am leaving because of charges of harassing my staff. Do and have I used salty language? Yes, and I have tried to do better.”
Salty language? Don’t think so. View the full article here.
To quote Rosslyn Smith in the American Thinker, “Maybe it wasn’t such a good idea to let Amy Bishop kill her brother without prosecution.” Yet another shady Democrat leaving office w/o seeking reelection. See ya.
Congressman William Delahunt announced that he will not seek reelection. According to the veteran Massachusetts lawmaker, recently returned from an extended trip to the Middle East, it’s because he wants to spend more time with his infant granddaughter.“It’s got nothing to do with politics,” the Quincy Democrat said today. “Life is about change. I think it’s healthy. It’s time.”A few days ago it was noted that Delahunt appeared to be spending down his war chest so this announcement was not unexpected. While his seat has generally been considered a safe retention for Democrats in November two recent factors have put that conventional political wisdom into some doubt. Not only did Delahunt’s district break strongly for Scott Brown in the special Senate election but in recent weeks Delahunt found himself at the center of a surprising controversy. In 1986 when Delahunt was a District Attorney his office decided not to prosecute accused University of Alabama Huntsville shooter Amy Bishop for the shooting of her brother. Bishop had killed him with a pump action shotgun and was apprehended at gunpoint some distance away from the scene by Braintree police after she had pointed the shotgun at workers at a dealership in an attempt to obtain a getaway car. That information somehow never made it into the Massachusetts state police file when the case was handed over to them. The current District Attorney is conducting an investigation into how the 1986 case was mishandled. Jason Tuohy in the Boston Globe:Delahunt’s retirement is the 17th among House Democrats, and the third among lawmakers with close ties to Kennedy. Senator Christopher Dodd, Democrat of Connecticut and a close Kennedy friend, announced his retirement in January; Rhode Island Representative Patrick Kennedy, the late senator’s son, followed suit last month.In addition, when questioned about running should Delahunt retire, Joseph P. Kennedy III recently announced that he wasn’t interested in running for office at this time.