Monday, October 27, 2008

A small personal note from a quiet Australian Sunday morning

I gather that for most employed people the financial crisis has had negligible effects. I am however one of the investor class. As a retired man, I live almost entirely on the proceeds of my stockmarket investments. And about half of those investments are in Australian bank stocks. So I am in big trouble, right?

Not at all. One reason why I invested heavily in banks was that Australian banks had big meltdowns at the time of the Hawke/Keating deregulation a couple of decades ago. Most of the State banks went broke and even Westpac (then the biggest bank) tottered a bit. And that all happened because of incautious lending to the "entrepreneurs" of the day. So I figured that the banks had learned their lesson and were not likely to risk any recurrence of that. And I was right. The Australian banks are in good shape. They were and are still making profits and sub-prime loans have not been a significant problem in Australia. The bank share prices are way down but as long as the dividends keep coming, why should I worry about that? The new high is always higher than the old high so the share prices will bounce back in due course.

And September/October is dividend time so I have had a good cash inflow recently. I like to keep a fair bit of cash on hand to fund the various gifts and donations that I give out from time to time. My own needs are minimal. I mostly give direct to the intended beneficiary. Giving to charitable organizations usually just supports a herd of parasites. Most of what you give to Big Charity pays for "administration". The only exceptions I make are that I do give to the Salvation Army and to Legacy (an organization that looks after the wives and children of military men who did not come home). The fact that I have some army background is probably sufficient explanation for the latter and it explains a lot of the former too. Many old soldiers will tell you how good the Sallies have been in wartime. And I do have a soft spot for real Christians.

Even so, I recently found that I did have about $10,000 that I had no obvious use for so I BOUGHT SOME MORE SHARES. Why everybody is not doing so rather escapes me. Prices are very rarely as low as they are at the moment. It is a great time to buy cheap.

All of which, in my view, shows one benefit of managing your own money rather than giving it to someone else to manage. I can ride out the share price downturn because I don't need to sell anything. But superannuation funds and the like are always having to sell in order to fulfill their obligations to people who have reached retiring age. So they are selling at a huge loss, which drags down the funds available to everybody on their books. Not smart!

So my recommendation is just buy blue-chip stocks in your own name as a way of saving for retirement.

*************************

Journalists hardly even pretend any more

The traditional media is playing a very, very dangerous game. With its readers, with the Constitution, and with its own fate. The sheer bias in the print and television coverage of this election campaign is not just bewildering, but appalling. And over the last few months I've found myself slowly moving from shaking my head at the obvious one-sided reporting, to actually shouting at the screen of my television and my laptop computer.

But worst of all, for the last couple weeks, I've begun - for the first time in my adult life - to be embarrassed to admit what I do for a living. A few days ago, when asked by a new acquaintance what I did for a living, I replied that I was "a writer", because I couldn't bring myself to admit to a stranger that I'm a journalist.

Now, of course, there's always been bias in the media. Human beings are biased, so the work they do, including reporting, is inevitably colored. Hell, I can show you ten different ways to color variations of the word "said" - muttered, shouted, announced, reluctantly replied, responded, etc. - to influence the way a reader will apprehend exactly the same quote. We all learn that in Reporting 101, or at least in the first few weeks working in a newsroom. But what we are also supposed to learn during that same apprenticeship is to recognize the dangerous power of that technique, and many others, and develop built-in alarms against their unconscious.

But even more important, we are also supposed to be taught that even though there is no such thing as pure, Platonic objectivity in reporting, we are to spend our careers struggling to approach that ideal as closely as possible. That means constantly challenging our own prejudices, systematically presenting opposing views, and never, ever burying stories that contradict our own world views or challenge people or institutions we admire. If we can't achieve Olympian detachment, than at least we can recognize human frailty - especially in ourselves.

For many years, spotting bias in reporting was a little parlor game of mine, watching TV news or reading a newspaper article and spotting how the reporter had inserted, often unconsciously, his or her own preconceptions. But I always wrote it off as bad judgment, and lack of professionalism, rather than bad faith and conscious advocacy. Sure, being a child of the `60s I saw a lot of subjective "New" Journalism, and did a fair amount of it myself, but that kind of writing, like columns and editorials, was supposed to be segregated from `real' reporting, and at least in mainstream media, usually was. The same was true for the emerging blogosphere, which by its very nature was opinionated and biased.

But my complacent faith in my peers first began to be shaken when some of the most admired journalists in the country were exposed as plagiarists, or worse, accused of making up stories from whole cloth. I'd spent my entire professional career scrupulously pounding out endless dreary footnotes and double-checking sources to make sure that I never got accused of lying or stealing someone else's work - not out any native honesty, but out of fear: I'd always been told to fake or steal a story was a firing offense . . .indeed, it meant being blackballed out of the profession.

And yet, few of those worthies ever seemed to get fired for their crimes - and if they did they were soon rehired into an even more prestigious jobs. It seemed as if there were two sets of rules: one for us workaday journalists toiling out in the sticks, and another for folks who'd managed, through talent or deceit, to make it to the national level....

But nothing, nothing I've seen has matched the media bias on display in the current Presidential campaign. Republicans are justifiably foaming at the mouth over the sheer one-sidedness of the press coverage of the two candidates and their running mates. But in the last few days, even Democrats, who have been gloating over the pass - no, make that shameless support - they've gotten from the press, are starting to get uncomfortable as they realize that no one wins in the long run when we don't have a free and fair press. I was one of the first people in the traditional media to call for the firing of Dan Rather - not because of his phony story, but because he refused to admit his mistake - but, bless him, even Gunga Dan thinks the media is one-sided in this election.

Now, don't get me wrong. I'm not one of those people who think the media has been too hard on, say, Gov. Palin, by rushing reportorial SWAT teams to Alaska to rifle through her garbage. This is the Big Leagues, and if she wants to suit up and take the field, then Gov. Palin better be ready to play. The few instances where I think the press has gone too far - such as the Times reporter talking to Cindy McCain's daughter's MySpace friends - can easily be solved with a few newsroom smackdowns and temporary repostings to the Omaha Bureau.

No, what I object to (and I think most other Americans do as well) is the lack of equivalent hardball coverage of the other side - or worse, actively serving as attack dogs for Senators Obama and Biden. If the current polls are correct, we are about to elect as President of the United States a man who is essentially a cipher, who has left almost no paper trail, seems to have few friends (that at least will talk) and has entire years missing out of his biography. That isn't Sen. Obama's fault: his job is to put his best face forward. No, it is the traditional media's fault, for it alone (unlike the alternative media) has had the resources to cover this story properly, and has systematically refused to do so....

More here

************************

McCain Versus the Juggernaut. We stand with him.

by William Kristol

It's always darkest before it goes totally black. This is one of John McCain's favorite remarks, ascribed (apocryphally, it seems) to Chairman Mao. Well, with 10 days to go before the election, it's getting pretty dark out there.

Still, we hope for a McCain-Palin victory, for the sake of the country. And also for the pleasure of seeing the dejection of the mainstream media, the incredulity of the leftwing triumphalists, and the humiliation of the pathetically opportunistic "conservatives" who've been desperately clambering on board the Obama juggernaut. We're proud to stay off that juggernaut. We're proud, in our modest way, to stand with John McCain and Sarah Palin against it.

An Obama-Biden administration--working with a Democratic Congress--would mean a more debilitating nanny state at home and a weaker nation facing our enemies abroad. We, of course, have confidence that the nation would survive such an interlude, and we would even hope that a President Obama might adjust course from the path he's advertised, especially in foreign policy. But the risk of real damage is great, especially when compared with the prospect of a tough-minded center-right McCain-Palin administration that could lead the country sensibly through these difficult times.

Reading the endorsements of Obama in the liberal media should strengthen the determination of all believers in American self-government and greatness to fight this election campaign to the end. Time magazine's Joe Klein tells us that Obama "seems a grown-up, in a nation that badly needs some adult supervision." To the contrary, we are a nation of adults. We don't need the "supervision" of a conventionally liberal and totally untested junior senator whose most impressive lifetime achievement has been the construction of an effective narrative about himself.

But wait. Obama does have one great achievement. He's run a good campaign. The New York Times tells us, "After nearly two years of a grueling and ugly campaign, Senator Barack Obama of Illinois has proved that he is the right choice to be the 44th president of the United States." And how has he proved this? "Mr. Obama has met challenge after challenge, growing as a leader and putting real flesh on his early promises of hope and change."

The "challenges" Obama has met have been political and electoral. He's met them well, and we'd be the first to pay tribute to his disciplined and effective campaign. Still, is this "proof" of a capacity to be president? Obama has run the most impressive campaign by a non-incumbent since George W. Bush in 2000, and by a non-incumbent Democrat since Jimmy Carter in 1976. Do the Obama acolytes want to hold up the Bush or Carter administrations as models for the proposition that a good campaign translates into a good presidency?

We also hear a lot of squeaking from rats deserting the McCain ship about Barack Obama's exemplary temperament. So what? If he'd had his way, Obama would have lost the war in Iraq--with equanimity. He would have been calm, cool, and collected as U.S. interests were sacrificed and U.S. honor besmirched. Neville Chamberlain also had a fine temperament and a good intellect. Joe Biden, by the way, has neither. But he did--much as he now wishes people to forget it--support the Iraq war. These days, he can barely be bothered even to mention Iraq. Oh well, start a war, lose a war. Gotta move on.

John McCain didn't move on. He helped to win the war. In a fine article on National Review Online last week, Byron York reported on a moment at a McCain rally:
"I just gave John McCain my Purple Heart," Marine Sgt. Jack Eubanks told me a few minutes after McCain finished a speech at a campaign rally in Woodbridge, Virginia, Saturday. "I said, 'I want to give this to you, sir, as a reminder that we want you to keep your promise to bring us home in victory and honor, so it will mean something.'?"

The 22-year-old Eubanks has been injured twice in Iraq. He's now teaching Marine recruits at Quantico--and walking with a cane. York explains that Eubanks saw remarkable progress in Iraq between his 2005 and 2007 tours and is concerned that it might all be for naught. "I think Obama's just going to pull everyone home as soon as he can, despite what's going on over there," he told York. "I just don't want it to turn into another Vietnam or worse where everything we fought for, and all my buddies who died over there, it was just for nothing."

We would hope that Obama might be more responsible with respect to Iraq as president than he was as senator, now that the surge he opposed and derided has worked. But hope is all anyone can do. And in dealing with other foreign threats, he'd more than likely follow his natural inclination--reflexively liberal, post-nationalist, timid to a fault.

More here

For more postings from me, see OBAMA WATCH (2), TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS, IMMIGRATION WATCH INTERNATIONAL, EYE ON BRITAIN and Paralipomena

List of backup or "mirror" sites here or here -- for readers in China or for everyone when blogspot is "down" or failing to update. Email me here (Hotmail address). My Home Pages are here or here or here

****************************

The Big Lie of the late 20th century was that Nazism was Rightist. It was in fact typical of the Leftism of its day. It was only to the Right of Stalin's Communism. The very word "Nazi" is a German abbreviation for "National Socialist" (Nationalsozialist) and the full name of Hitler's political party (translated) was "The National Socialist German Workers' Party" (In German: Nationalsozialistische Deutsche Arbeiterpartei)

****************************

Sunday, October 26, 2008

Hatred and Politics

Politics in America is a contact sport. Passions flare and the rhetoric can get heated and nasty. Political parties stoke these fires, playing on people's fears as a key fund-raising tactic.

Conservative authors have produced books with insulting titles like "If Democrats Had Any Brains, They Would Be Republicans" and "Liberalism is a Mental Disorder." The political left counters with ugly titles like "The I Hate Ann Coulter, Bill O'Reilly, Rush Limbaugh... Reader," "The I Hate Dick Cheney... Reader," and "The I Hate George W. Bush Reader."

It is ironic, yet natural, that the political left dominates hate literature. The irony is that the left championed "hate crimes" legislation. Having outlawed public expressions of hatred against various groups -- racial, linguistic, sexual orientation, etc.-- the left sees nothing hypocritical about fomenting hatred toward people of a different political orientation. Even if the "hate" authors don't personally hate Bush et al., people on the left must realize how such ugly language can poison susceptible minds.

While ironic, it is not surprising that hatred of political opponents is so virulent on the left. Hatred has long been a central pillar of leftist ideologies, premised as they are on trampling individual rights for the sake of a collectivist plan. Karl Marx boasted that he was "the greatest hater of the so-called positive." In 1923, V.I. Lenin chillingly declared to the Soviet Commissars of Education, "We must teach our children to hate. Hatred is the basis of communism." In his tract "Left-Wing Communism," Lenin went so far as to assert that hatred was "the basis of every socialist and Communist movement."

Indeed, it is easy to see the thread of hatred running through the various illiberal regimes of history, whether Soviet or Chinese communism or Hitler's national socialism. Only hatred could explain the willingness to kill, enslave, and rob vast numbers of innocent human beings. Hatred corrodes one's conscience. Under its toxic influence, a person will regard man's God-given right to be secure in his life, liberty, and property as nuisances to be overcome, not commandments to be obeyed. The flip side of hatred is an inflated self-love, self-importance, and self-righteousness so extreme that respect for other human beings diminishes and, in extreme cases (Stalin, Mao, Castro, Kim, et al.), disappears.

An incident recounted in the late Alexander Solzhenitsyn's The Gulag Archipelago illustrates this mental deformity (see "Thank You, Alexander Solzhenitsyn"). Soviet officials wanted to transport heavier loads of steel by railroad. When railroad engineers said that heavier loads would break down the tracks, they were shot as saboteurs of progress. When the loads were then increased, the tracks indeed broke down. Political goals could not nullify the principles of engineering.

A leftist conceit is that will-power can change the way the world works. It can't. This mad tendency persists today; signs of it are all around. A recent letter to the editor angrily insisted that the law of supply and demand didn't cause high gasoline prices, but that (what else?) evil oil companies did. The writer then vilified Americans for using too much gasoline (thereby contradicting his earlier statement that demand was irrelevant). So full of hatred is this writer that he spews contempt for economic laws. In his arrogant egotism, he blames the world's problems on the fact that millions of people make choices that he-who fancies himself more enlightened and morally superior to his fellows-thinks they shouldn't make. Welcome to the soul of leftism/illiberalism.

Hatred of individuals for ideological reasons is pathetic to behold. After conservative journalist Tony Snow passed on from a horrible disease (see "Tony Snow: Defender of the President and the Faith"), posters on the leftwing blog Daily Kos wrote "rest in hell" and "[I hope] there really is a hell and [Snow]'s burning in it now." How tragically self-demeaning such hatred is. It is a great sickness of spirit.

More recently, Gov. Sarah Palin has been the object of vicious vituperation and seething hatred (like the threat by comedienne Sandra Bernhard that Palin would be gang-raped if she campaigns in New York City). Perhaps her female attackers feel rebuked by her decision to choose life for babies. Perhaps they feel inadequate by comparison. When I see their contorted faces and hear the desperate unhappiness in their voices, I feel sorry for them and pray that the venom might leave their hearts.

Source

***********************

Virginia Officials Illegally Discard Military Votes, Allow Out-of-State Votes

In Virginia's liberal Fairfax County, officials are illegally discarding absentee ballots cast by members of the military based on a technical requirement that is preempted by federal law. Meanwhile, people who live out-of-state are being allowed to vote (some people have boasted of being registered to vote, and voting, both in Virginia and another state) in Virginia elections, contrary to state law, based on instructions from liberal state voting officials and false claims by liberal advocacy groups.

The Washington Examiner reports on October 24 that "Fairfax County elections officials are rejecting about 200 overseas ballots, many of them from members of the military, saying the voters failed to observe a minor technicality in filling out their absentee forms." As retiring Congressman Tom Davis notes, that technicality "violates federal law" through its "disparate treatment of overseas voters."

"The State Board of Elections last week instructed county officials to adhere to the letter of the [state] law," even though it is preempted by contrary federal law. Officials at the State Board of elections are appointed by liberal Governor Tim Kaine.

Meanwhile, that same Board of Elections ordered Norfolk registrar Elisa J. Long to ignore state law by allowing college students not domiciled in Virginia to register and vote in Virginia elections.

The military votes in Fairfax County are being discarded by long-time Democratic operative Rokey Suleman, who became the Fairfax County registrar (a supposedly non-partisan position) after long being "active in Ohio Democratic politics." Suleman earlier sent staffers into the Fairfax County jail to register criminals to vote.

Source (See the original for links)

**************************

Voter fraud last time

The problem of voter fraud today is thoroughly revealed in a recent book by Wall Street Journal columnist John Fund, Stealing Elections: How Voter Fraud Threatens Our Democracy (Encounter Books). One of the best features of that book is that it reveals what really happened in Florida in 2000: The Democrats tried to steal the election for Gore, but failed.

On the day after the election, Bush was declared the winner in Florida by 1,784 votes. Gore kept demanding broader and broader recounts, which were conducted in heavily Democrat counties mostly by Democrat party officials. Bush's margin kept declining, but he kept winning the recounts by hundreds of votes. Finally, Gore won a decision by the notoriously liberal fiction writers on the Florida Supreme Court, who began rewriting Florida election law to require a new statewide hand recount without clear uniform standards for each county. Both because the state court was changing the election rules as specified by the legislature, and because the counties would do the recount without uniform statewide standards, the U.S. Supreme Court held that the mandated recount violated the Constitution's Equal Protection Clause. With the recounts ended, the Florida Secretary of State declared Bush the final winner by 537 votes.

After all the shouting was over, a consortium of major news organizations conducted their own thorough Florida recount. Despite well-developed Democrat mythology, supported by an idiotically irresponsible HBO movie on the controversy, the New York Times reported the results as follows: "A comprehensive review of the uncounted Florida ballots from last year's presidential election reveals that George W. Bush would have won even if the U.S. Supreme Court had allowed the statewide manual recount of the votes that the Florida Supreme Court had ordered to go forward."

But Fund shows that only widespread Democrat vote fraud made the election as close as it was. The highly liberal Palm Beach Post conducted an investigation concluding that the county had illegally allowed 5,600 convicted felons to vote. Felons, of course, vote overwhelmingly for Democrats, apparently seeing them as soul mates. By contrast, Democrat lawyers won a motion to disqualify 1,420 military ballots because they didn't have a foreign postmark (which most likely resulted because the ballots were sent back through the U.S. military rather than foreign post offices). Those serving in the U.S. armed forces overwhelmingly vote Republican.

The national TV networks declared that Florida's polls were closed at 7 p.m. Eastern time, even though the polls in the heavily Republican Florida panhandle were still open for another hour because they are in Central time. Fund notes that CBS broadcast 33 erroneous statements between 7 p.m. and 8 p.m. that Florida's polls were closed. NBC followed almost immediately by other networks even called the state for Gore at 7:48 pm Eastern time. Fund cites Democrat and Republican pollsters, as well as academics, who concluded that this cost Bush a net loss of close to 10,000 votes.

Most importantly of all, Fund conducts a detailed analysis of Palm Beach County election return anomalies, buttressed by local interviews, to conclude that Bush was deprived of another 15,000 votes through a little scam known as double punching. After the polls closed, Democrat election officials appeared to have taken dozens of the punch hole ballots at a time, and punched through the little box for Gore on all of them, using a nail or pencil. For ballots that had been voted for Bush, this would have resulted in invalid ballots that appeared to have been punched for both Bush and Gore. For ballots that had been voted for Gore, this would have had no effect, because the nail or pencil would have just pushed through a box that had already been punched out for Gore.

Washington State

Fortuitously, what Gore was trying to do by seeking recount after recount in Florida was demonstrated in the Governor's race in the state of Washington in 2004. On election night that year, Republican Dino Rossi had apparently won the Governor's race over Democrat Christine Gregoire by 3,000 votes.

Washington is comprised of heavily Democrat Seattle and King County, surrounded by a sea of Republican counties. Democrats in King County first focused on provisional ballots that were legally invalid because they were not signed or the signatures did not match the voter registration on record. (Provisional ballots are ballots that are cast because the voter does not appear on the registration rolls, so his vote is taken and kept to be verified later if possible.) Even though federal law requires the identity of such voters to be kept private, the Democrats found a judge who ordered that the names and addresses of these provisional voters be given to the Democrat party so they could go to the residence of each one and get the signatures straightened out.

Doing this only in the overwhelmingly Democrat county but not the others obviously would generate a lot more votes for the Democrat candidate. Fund further reports how the process worked, writing, "Democrats spent the next three days knocking on doors and speed dialing voters..Democrat volunteers asked if voters had cast ballots for Ms. Gregoire. 'If they say no we just tell them to have a nice day,'..Only if they said yes did the Democrats ask if they wanted to make their ballots valid." Gregoire got a net gain of 400 votes this way.

Then just two days before the final vote was to be certified, King County announced that it had found another 10,000 absentee ballots. Rossi's lead was soon down to 261 votes. That was enough to require a mandatory machine recount of all votes. Fund reports, "But in King County the recount went beyond running the ballots through the counting machines. Officials there 'enhanced' 710 votes that had been rejected by the machines, in some cases altering them with white out or filling in the ovals on the optical scan ballots." This netted another 219 votes for Gregoire, reducing Rossi's lead to 42 votes.

Democrats demanded and won yet another statewide hand recount. During that recount, heavily Democrat King County found another 561 ballots, more than a month after the election, that had been rejected because election officials couldn't find the voter's original signature in the registration records. Two days later, they found another 22 ballots hidden in voting machines that were already in storage, not sealed and secured in any boxes. "Another treasure hunt turned up 150 more votes that had been mistakenly put into storage," Fund reports. Meanwhile, in the hand recount, officials in King County decided they wouldn't automatically reject "overvote" ballots where the voter had mistakenly marked the ballot for both Rossi and Gregoire. These ballots were forwarded to the canvassing board, which somehow determined that some of these ballots were intended for the Democrat.

Fund reports, "The vote changes piled up so that by December 21, Ms. Gregoire took the lead by eight votes. Democrats promptly claimed victory..Ms. Gregoire was declared the winner by 129 votes two days before Christmas. She praised the whole process as 'a model for the rest of the nation and the world at large..'" This is how democracy has been suspended in Washington state for the last four years.

This is also what Gore was trying to do in Florida. Keep demanding recounts, until Democrat party election officials in heavily Democrat counties could find, create, manufacture, or rule in enough votes for Gore to take the lead. Then the counting would be over

More here

For more postings from me, see OBAMA WATCH (2), TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS, IMMIGRATION WATCH INTERNATIONAL, EYE ON BRITAIN and Paralipomena

List of backup or "mirror" sites here or here -- for readers in China or for everyone when blogspot is "down" or failing to update. Email me here (Hotmail address). My Home Pages are here or here or here

****************************

The Big Lie of the late 20th century was that Nazism was Rightist. It was in fact typical of the Leftism of its day. It was only to the Right of Stalin's Communism. The very word "Nazi" is a German abbreviation for "National Socialist" (Nationalsozialist) and the full name of Hitler's political party (translated) was "The National Socialist German Workers' Party" (In German: Nationalsozialistische Deutsche Arbeiterpartei)

****************************

Saturday, October 25, 2008

No Reason For Conservatives To Jump Ship

By CHARLES KRAUTHAMMER

Contrarian that I am, I'm voting for John McCain. I'm not talking about bucking the polls or the media consensus that it's over before it's over. I'm talking about bucking the rush of wet-fingered conservatives leaping to Barack Obama before they're left out in the cold without a single state dinner for the next four years. I stand athwart the rush of conservative ship-jumpers of every stripe - neo (Ken Adelman), moderate (Colin Powell), genetic/ironic (Christopher Buckley) and socialist/atheist (Christopher Hitchens) - yelling "Stop!" I shall have no part of this motley crew. I will go down with the McCain ship. I'd rather lose an election than lose my bearings.

First, I'll have no truck with the phony case ginned up to rationalize voting for the most liberal and inexperienced presidential nominee in living memory. The "erratic" temperament issue, for example. As if McCain's risky and unsuccessful but in no way irrational attempt to tactically maneuver his way through the economic tsunami that came crashing down a month ago renders unfit for office a man who demonstrated the most admirable equanimity and courage in the face of unimaginable pressures as a prisoner of war, and who later steadily navigated innumerable challenges and setbacks, not the least of which was the collapse of his campaign just a year ago. McCain the "erratic" is a cheap Obama talking point. The 40-year record testifies to McCain the stalwart.

Nor will I countenance the "dirty campaign" pretense. The double standard here is stunning. Obama ran a scurrilous Spanish-language ad falsely associating McCain with anti-Hispanic slurs. Another ad falsely claimed McCain supports "cutting Social Security benefits in half." And for months Democrats insisted that McCain sought 100 years of war in Iraq.

McCain's critics are offended that he raised the issue of William Ayers. What's astonishing is that Obama was himself not offended by William Ayers.

Moreover, the most remarkable of all tactical choices of this election season is the attack that never was. Out of extreme (and unnecessary) conscientiousness, McCain refused to raise the legitimate issue of Obama's most egregious association - with the race-baiting Rev. Jeremiah Wright. Dirty campaigning, indeed.

The case for McCain is straightforward. The financial crisis has made us forget, or just blindly deny, how dangerous the world out there is. We have a generations-long struggle with Islamic jihadism. An apocalyptic soon-to-be-nuclear Iran. A nuclear-armed Pakistan in danger of fragmentation. A rising Russia pushing the limits of revanchism. Plus the sure-to-come Falklands-like surprise popping out of nowhere.

Who do you want answering that phone at 3 a.m.? A man who's been cramming on these issues for the last year, who's never had to make an executive decision affecting so much as a city, let alone the world? A foreign policy novice instinctively inclined to the flabbiest, most vaporous multilateralism (e.g., the Berlin Wall came down because of "a world that stands as one"), and who refers to the most deliberate act of war since Pearl Harbor as "the tragedy of 9/11," a term more appropriate for a bus accident?

Or do you want a man who is the most prepared, most knowledgeable, most serious foreign policy thinker in the United States Senate? A man who not only has the best instincts, but has the honor and the courage to, yes, put country first, as when he carried the lonely fight for the surge that turned Iraq from catastrophic defeat into achievable strategic victory? There's just no comparison. Obama's own running mate warned this week that Obama's youth and inexperience will invite a crisis - indeed a crisis "generated" precisely to test him. Can you be serious about national security and vote on Nov. 4 to invite that test?

And how will he pass it? Well, how has he fared on the only two significant foreign policy tests he has faced since he's been in the Senate? The first was the surge. Obama failed spectacularly. He not only opposed it. He tried to denigrate it, stop it and, finally, deny its success. The second test was Georgia, to which Obama responded instinctively with evenhanded moral equivalence, urging restraint on both sides. McCain did not have to consult his advisers to instantly identify the aggressor.

Today's economic crisis, like every other in our history, will in time pass. But the barbarians will still be at the gates. Whom do you want on the parapet? I'm for the guy who can tell the lion from the lamb.

Source

**************************

ELSEWHERE

IBD/TIPP Tracking Poll: McCain close: "McCain has cut into Obama's lead for a second day and is now just 1.1 points behind. The spread was 3.7 Wednesday and 6.0 Tuesday. The Republican is making headway with middle- and working- class voters, and has surged 10 points in two days among those earning between $30,000 and $75,000. He has also gone from an 11-point de?cit to a 9-point lead among Catholics. An analysis of Final Certified Results for the 2004 election showed IBD's polling partner, TIPP, was the most accurate pollster of the campaign season."

AP presidential poll: All even in the homestretch: "The presidential race tightened after the final debate, with John McCain gaining among whites and people earning less than $50,000, according to an Associated Press-GfK poll that shows McCain and Barack Obama essentially running even among likely voters in the election homestretch. The poll, which found Obama at 44 percent and McCain at 43 percent, supports what some Republicans and Democrats privately have said in recent days: that the race narrowed after the third debate as GOP-leaning voters drifted home to their party and McCain's "Joe the plumber" analogy struck a chord.

Leftist hate again: "The home of a Central Florida Republican headquarters manager was shot up and damaged over his support of Sen. John McCain, the man told police. The Republican manager said he is convinced he was targeted because of new McCain signs he added around his home. "All I can tell you is this, I have a very good relationship with my neighbors," Coverely said. "I mow my lawn. The only thing that has changed is I have two McCain signs in my front yard."

In Obamaland: Black Chicago: "Dozens of mailboxes remain empty after the post office suspends service in one south suburban neighborhood. Some people get angry when their mail is late. But in Harvey, people have been waiting for days and days. They're not getting any mail at all. CBS 2's Dana Kozlov reports that one mail carrier in Harvey feels threatened. The U.S. Post Office seems to think that this is one of the most dangerous blocks in the country. People who live on it say they haven't gotten any mail delivered to their homes in almost two weeks. Venus Jones is one of them. "Between robberies and shootings and delayed police response, several things going on, that would make it unsafe," said Harvey resident Venus Jones. One of those shootings on the morning of October 10th reportedly happened yards away from the mail carrier. That's when the mail stopped on Marshfield between 151st and 152nd streets, but the post office didn't tell anyone. "Some of the people didn't even know that it was being held at the post office," Jones said. Now Jones, who says her own home has been broken into three times in 30 days is talking to her neighbors about the mail problem and what should happen next."

For more postings from me, see OBAMA WATCH (2), TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS, IMMIGRATION WATCH INTERNATIONAL, EYE ON BRITAIN and Paralipomena

List of backup or "mirror" sites here or here -- for readers in China or for everyone when blogspot is "down" or failing to update. Email me here (Hotmail address). My Home Pages are here or here or here

****************************

The Big Lie of the late 20th century was that Nazism was Rightist. It was in fact typical of the Leftism of its day. It was only to the Right of Stalin's Communism. The very word "Nazi" is a German abbreviation for "National Socialist" (Nationalsozialist) and the full name of Hitler's political party (translated) was "The National Socialist German Workers' Party" (In German: Nationalsozialistische Deutsche Arbeiterpartei)

****************************

Friday, October 24, 2008

Obama's mother

Follow-up to my "outrageous" post yesterday about Obama's mother is in two different posts on OBAMA WATCH and TONGUE-TIED.

***************************

Some practical socialism

Today on my way to lunch I passed a homeless guy with a sign the read "Vote Obama, I need the money." I laughed. Once in the restaurant my server had on a "Obama 08" tie, again I laughed--just imagine the coincidence.

When the bill came I decided not to tip the server and explained to him that I was exploring the Obama redistribution of wealth concept. He stood there in disbelief while I told him that I was going to redistribute his tip to someone who I deemed more in need-- the homeless guy outside. The server angrily stormed from my sight.

I went outside, gave the homeless guy $10 and told him to thank the server inside as I decided he could use the money more. The homeless guy was grateful.

At the end of my rather unscientific redistribution experiment I realized the homeless guy was grateful for the money he did not earn, but the waiter was pretty angry that I gave away the money he did earn even though the actual recipient deserved money more. I guess redistribution of wealth is an easier thing to swallow in concept than in practical application.

Source

**************************

Why do they hate Sarah Palin?

The abuse being heaped on Sarah Palin is such a cheap shot. The complaint against the Alaska governor, at its most basic, is that she doesn't qualify for admission to the national political fraternity. Boy, that's rich. Behold the shabby frat house that says it's above her pay grade. Congress has the lowest approval rating ever registered in the history of polling (12%!). She isn't the reason polls are showing people want the entire Congress fired, with many telling pollsters they themselves could do a better job.

Presidential candidates such as John McCain and Barack Obama have become untethered from the discipline of party institutions, largely because the parties have lost coherence. So we get celebrity candidates made famous, fundable and electable by dint of their access to the Beltway media. For voters, this election is a national Hail Mary. For nearly two years, all the major candidates have rotated through our lives as solitary personalities attended by careerist campaign professionals. Barack, Hillary, Rudy, Mitt, Mike, McCain. When the moment arrived to pick a running mate, input from the parties was minimal. That famous party boss, Caroline Kennedy, advised Barack Obama. They picked a three-decade denizen of the Senate. John McCain's obligation was himself and his endless slog to this big chance.

The quick surge of party-wide excitement and campaign contributions after his selection of Sarah Palin made clear that the McCain candidacy was moribund and headed for a low-turnout debacle. If he had picked any of the plain-vanilla men on his veep short list -- Pawlenty, Sanford, Romney or Lieberman -- they'd have won approval from the media's college of cardinals, and killed his campaign.

The stoning of Sarah Palin has exposed enough cultural fissures in American politics to occupy strategists full-time until 2012. We now see there is a left-to-right elite centered in New York, Washington, Hollywood and Silicon Valley who hand down judgments of the nation's mortals from their perch atop the Bell Curve. It seems only yesterday that the most critical skill in presidential politics was being able to connect to people in places like Bronko's bar or Saddleback Church. When Gov. Palin showed she excelled at that, the goal posts suddenly moved and the new game was being able to talk the talk in London, Paris, Tehran or Moscow. She looks about a half-step behind Sen. Obama on that learning curve.

Lorne Michaels, the executive producer of "Saturday Night Live," lives on the forward wave of American life. This week he gave his view of Sarah Palin to EW.com: "I think Palin will continue to be underestimated for a while. I watched the way she connected with people, and she's powerful. Her politics aren't my politics. But you can see that she's a very powerful, very disciplined, incredibly gracious woman. This was her first time out and she's had a huge impact. People connect to her." Uh-oh. Sounds like the cancer could be in remission.

More here

*******************

ELSEWHERE

The media again: "MSNBC has launched a news project with a variety of left-wing special interest groups to boost their Election Day coverage and help viewers experiencing problems at the polls. One of the groups involved in MSNBC's "Election Protection" project is the Association of Community Organizers for Reform Now. ACORN has been involved in rampant voter registration fraud across the nation this election cycle and is actively supporting Democratic presidential candidate Barack Obama for president. When asked for comment about ACORN's role in the project MSNBC spokesman Jeremy Gaines wrote Townhall in an email "this a question for them, not us." Most of the groups MSNBC wants their viewers to contact and shape their news coverage on Election Day have extreme liberal agendas ranging and focus on variety of issues including housing, gay rights, amnesty, environmental policies and labor."

Sophisticated media commentary: "CNN contributor Roland Martin used an unoriginal line to attack Rush Limbaugh on Monday’s Election Center program. Host Campbell Brown wanted Martin, a Barack Obama supporter, to comment on something the talk radio host had said about Colin Powell’s endorsement of the Democratic presidential candidate: "Rush Limbaugh said today, this is about race. That's all it's about." Martin’s response: "I think I will quote Al Franken when talking about Rush Limbaugh -- is a stupid, fat idiot."

The usual Leftist hatred of anything that oprdinary people respect: "Israeli Foreign Minister Tzipi Livni today condemned a photomontage of Pope Benedict XVI with a swastika displayed on his chest which was published on a website run by supporters of her Kadima party, a close aide said.... One of the owners of unofficial site, Tziki Avissar, told public radio that the image was a way of "protesting against the Vatican's role during the Nazi genocide" in the face of the "shocking" support shown by Benedict for the beatification of his wartime predecessor Pius XII. The pope has insisted Pius spared no effort in the defence of the persecuted but often acted in silence, and earlier this month he praised his predecessor's memory on the 50th anniversary of his death."

Democrats now an openly elitist party: "What happened to the Democratic Party? Just a few generations ago, the party of Franklin Roosevelt went to bat for the little guy, the common man, the everyday Joe the plumber. Not anymore. Now, the wealthy elites who run the Democratic Party have declared war on working-class Americans while pretending to defend them against greedy and heartless Republicans. Those would be the same Republicans whose vice presidential nominee, Sarah Palin, doesn't just talk about working-class people but actually embodies one and yet has been savaged by liberals. And those would be the same Republicans who have devised a tax plan that might just appeal to “Joe the Plumber” Wurzelbacher, the Ohio resident who dared to confront Barack Obama over the unfairness of his tax plan."

For more postings from me, see OBAMA WATCH (2), TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS, IMMIGRATION WATCH INTERNATIONAL, EYE ON BRITAIN and Paralipomena

List of backup or "mirror" sites here or here -- for readers in China or for everyone when blogspot is "down" or failing to update. Email me here (Hotmail address). My Home Pages are here or here or here

****************************

The Big Lie of the late 20th century was that Nazism was Rightist. It was in fact typical of the Leftism of its day. It was only to the Right of Stalin's Communism. The very word "Nazi" is a German abbreviation for "National Socialist" (Nationalsozialist) and the full name of Hitler's political party (translated) was "The National Socialist German Workers' Party" (In German: Nationalsozialistische Deutsche Arbeiterpartei)

****************************

Thursday, October 23, 2008

Naughty Obama Mamma

It's amazing what there is on the internet. A geneological researcher has emailed me with three pictures of Obama's mother in the nude. That would be of trivial interest except for the setting in which the picures were taken. They were clearly taken in a sophisticated mid-century apartment and my correspondent suggests that the apartment details could be used to identify the photographer. He feels that the photographer is the Communist "Frank" whom Obama mentions as his mentor. That Frank was so intimate with Obama's mother would support the contention that Frank was in fact Obama's father. Various bloggers have pointed out how similar Obama looks to "Frank" and the coverup of Obama's birth certificate is certainly very suspicious.

I will not post the pictures here as Google would undoubtedly take down this blog as soon as I did. Instead, I have posted the pictures here and here and here.

I give below part of the email from my correspondent:
By pure serendipity I found a photo of what I believe is Stanley Ann Dunham; two more I found through sheer plod. They are taken before Christmas by the decorations and unopened presents. Also a stereo and records that an expert could confirm as jazz records are in view.There is a distinctive grain to the wood floors. I do research including genealogical and had downloaded everything I could find. Not much. So when I saw the picture, I locked on the the ear lobes, chin, eyebrows. It is she. A nude photo,not distasteful, but posed, I believe, by a mature man who knows what he likes, including jazz and now we know young girls. One could ascertain the location of where the photos were taken.

And the shoes..not indigenous to Hawaii,but maybe not unsual for Helen Canfield Chicago socialite and Marshall's second wife. The photos are important in the sense that they explain the going to Chicago and the immediate acceptance by the hard left, if his father is Frank Marshall Davis, not just his mentor


*************************

McCain Outperforming Bush in Ohio Bellwethers?

I continue to hear from my source on the ground in Ohio, who is seeing results for McCain that are surprisingly good. He puts it, "in a key bellweather section of Ohio, McCain continues to show internals that are exceeding the national pollsters' results. This portends a potentially larger McCain victory in Ohio than Bush had in 2004."

As for those national pollsters, note that Fox News/Rasmussen puts McCain up 2, NBC/Mason-Dixon puts McCain up 1 and Rasmussen had it a tie last week. My guy on the ground thinks this might mean that the internal polling is a leading indicator, and he's noting that if McCain does as well among the key demographics in neighboring Pennsylvania as he is in Ohio, then the Democrats ought to be sweating about that state.

That's far from a given, of course; Pennsylvania is a bluer state than Ohio. I don't know that McCain will win Pennsylvania, but it isn't like he hasn't been given enough material - "spread the wealth around", "no coal plants", Murtha alternately calling his constituents "racists" and "rednecks," the bitter small-town clinger comment, etc.

I can hear it now - "Jim, Jim, what about the Suffolk Poll showing McCain losing Ohio by 9?" Well, if the Ohio electorate on Nov. 4 really does turn out to be 54 percent women and 46 percent men, and 45 percent Democrat and 31 percent Republican, then that may very well be the result. But I would be curious about which debilitating virus is attacking those with Y chromosomes in that state. (Having said that, the 2004 exit poll put the gender split at 53-47 in favor of women.)

Source

***************************

There Will Be No Righting Voting Wrongs in Ohio

Reporting in the DC Examiner today, Quin Hilyer reports that there will be no righting voting wrongs in Ohio, in part because of the fact that Department of Justice lawyers who should be paying attention are not. Instead, they're "in the tank" for Barack Obama:

The kicker: The DOJ attorney on the case, former Ted Kennedy-affiliated lawyer James Walsh, is a contributor to the Obama campaign, as is his boss, former ACLU attorney Mark Kappelhoff. In all, DOJ lawyers and staff in the metro area have donated at least $150,000 to Obama. No wonder they seem more interested in prosecuting those who warn against vote fraud than enforcing vote-fraud laws.

This disconcerting news comes four days after I published a post (Supreme Court Confirms It: The Fix Is In!) about the high court's decision to allow Ohio's Secretary of State Jennifer Brunner - a Democrat! - to ignore the temporary restraining order issued by the United States District Court for the Southern District of Ohio that ordered her to update Ohio's Statewide Voter Registration Database in compliance with Section 3003 of the Help America Vote Act of 2002.

Now, more than ever, it appears the fix is in and there's nothing within the law that anyone can do about it until the next election cycle - unless, that is, the fears outlined by The Gadfly come to fruition under an Obama Administration.

Source

***************************

Willie Brown: ACORN thinks it is entitled to break the rules

I am starting to like Brown, the former mayor of San Francisco who served 15 years as California's Speaker of the House. He'sa Democrat's Democrat. I hope he does not mind this little lift from his Sunday's column:
The Republicans do, however, have a point about ACORN and those voter registration drives. I have dealt with organizations like that for years. They all think they are sacrosanct and entitled to play fast and loose. They see themselves as advocates of the deprived, and they are made up of a combination of idealists, elements of the religious movement, and people like Obama. People who come out of college or law school and don't really need to go out and work, so they do a stint at community service.

ACORN and organizations like it are great places to do a stint like that. You use your skills and relationships to help them get grants. In return, groups like ACORN are unabashedly supportive of those who help them - especially with voter registration and get-out-the-vote drives.

We used to call that telling it like it is.

Source

For more postings from me, see OBAMA WATCH (2), TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS, IMMIGRATION WATCH INTERNATIONAL, EYE ON BRITAIN and Paralipomena

List of backup or "mirror" sites here or here -- for readers in China or for everyone when blogspot is "down" or failing to update. Email me here (Hotmail address). My Home Pages are here or here or here

****************************

The Big Lie of the late 20th century was that Nazism was Rightist. It was in fact typical of the Leftism of its day. It was only to the Right of Stalin's Communism. The very word "Nazi" is a German abbreviation for "National Socialist" (Nationalsozialist) and the full name of Hitler's political party (translated) was "The National Socialist German Workers' Party" (In German: Nationalsozialistische Deutsche Arbeiterpartei)

****************************

Wednesday, October 22, 2008

Conservatives are dumb fundraisers

No wonder Obama is so far ahead of McCain. I received an email asking me to donate to The McCain Palin Victory 2008 fund. I decided to send them $1,000. When I tried to do so, however, I was asked to give my State of residence. But only American States were listed. So I was unable to donate.

I ran into the same problem in responding to fundraising emails from David Horowitz and his Front Page outfit. I tried to get around the problem by randomly choosing an American State but that did not work as my credit card details did not line up with that State. No wonder Obama gets a heap more foreign donations!

*********************

So you think you can trust snopes.com?

I rarely put up emails I receive but the one below coincides with my own experience and I think the facts of the matter need to be known. Amusingly, I looked for the email on snopes and it was not mentioned!

We have all become accustomed to going to snopes.com to verify hoax emails and other facts but did you know that, regarding political issues, snopes is not the source to go to?

I became suspicious after going to snopes.com and typing in the search word 'Obama' which brought up almost every known accusation against Obama. Surprisingly, virtually each and every one of them was labeled 'false' or had some other explanation rendering it not true. Then I did a search using the search word 'McCain' and lo and behold.... there was virtually nothing that came up regarding accusations made against McCain but again brought up some of the same things that McCain supporters have made against Obama and again....claiming them 'false'.

I then did a web search on 'snopes.com' and found many articles and websites stating that snopes.com is a known liberal biased website. Here's a quote off of one website: 'Snopes is reluctant to admit that most of the conservative political and religious emails are 'true' as far as snopes can determine. There is always a disclaimer, footnote or lengthy oratory explaining why everything from crime statistics to reports from Iraq must be viewed and understood through the 'snopes lens.'

Need more proof? Do your own web search on snopes and find many more things there talking about the political bias of snopes. So any of you who have misguided liberal friends or family that keep throwing 'check snopes.com' in your face, please understand what you are looking at and inform those that use it as a crutch that it is a biased website that may be good to check email hoaxes, but not one to go to for political facts!!

***********************

BrookesNews Update

The US recession and Obama's destructive economic snake oil: Obama's tax plan is a recipe for economic stagnation if not worse. It is a direct attack on capital accumulation, the process that raises real wages and living standards. The only ones who would escape the consequences are the Democrats' billionaire supporters whose wealth will actually be protected by Obama's tax proposals
Why Rudd's $10.4 billion hit will not prevent a recession: There is no way Rudd's $10 billion package will ward of the impending recession. Monetary conditions have been extremely tight since last December, even being deflationary for the period of January to May. There is absolutely no way an increase in consumer spending can possibly offset the monetary squeeze the Reserve created
Australian journalists join the Democrats smear-mongering campaign: Journalists have ruthlessly smeared Obama's critics, calling them liars, racists, hypocrites, crooks, and far worse. This was done for the sole purpose of hiding from the public the real Obama, the one that lurks behind the public mask. The mass of journalist are lying political bigots who loath their own societies and their fellow citizens. The cloacal Geoff Elliott of The Australian is one such reptilian creature
Why do billionaires fund the Democrats' fascist economic policies?: The further away a businessman is from the actual production of physical things the greater is the possibility of him voting for leftist policies. I do not know of a single Democrat billionaire who is directly involved in manufacturing. But I can name those who are perfectly willing to give financial support to the Dems' fascist economic policies
Rev. Jeremiah Wright: The Cuban Connection: How curious, the Rev. Jeremiah Wright - Obama's religious mentor and a vicious anti-Semite - admits he is linked to Cuba's intelligence agency through its religious front the Cuban Council of Churches. But this is par for the course for Democrats: we have Obama's strong links to America haters and unrepentant terrorists, Kerry's support for America-hating leftist thugs, Teddy Kennedy's offer to help the KGB bring down Reagan, Biden's promise to the Kremlin to betray dissidents, and many more examples of the left's treason
Top of form five-star green hypocrisy: The World Wildlife Fund is going to take a group of uber rich supporters on a private jet expedition that will have the carbon footprint of a volcano. (I'm exaggerating - but only a little). What we have here is another sickening example of the green ubermenschen's utter contempt for ordinary people. For them the environment is their playground and the little people can drop dead
Electing Obama will put us on the road toUSSA - United Socialist States of America: "Barack Obama entered electoral politics as a member of a radical Marxist group aimed at gaining control of the Democratic Party in order to implement a version of socialism in America. He signed a contract promising to maintain a visible relationship. Obama should be pressed by McCain to reveal that contract and proclaim his adherence to socialist goals before the American people approve him for our highest office
Metaphors reveal the economic ignorance of politicians and journalists: The stupidity, ignorance, economic illiteracy and sheer vacuousness of politicians and the media with respect to the financial panic is a singular lesson on the importance of a basic grasp of sound economics and a reasonable knowledge of economic history
Obama sowing ACORNs to reap the biggest oak tree in Washington, DC: America's corrupt media in covering up Obama's hatred of America and his links to activists and unrepentant terrorists like Ayers who want to destroy her. So why are they doing it? Because these phony journalists hate America just as much as Ayers does
The Indigenous Lives of Jesus and Mohammed: Leftwing 'academics' are writing American elementary school texts that are anti-Semitic and supportive of terrorism

For more postings from me, see OBAMA WATCH (2), TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS, IMMIGRATION WATCH INTERNATIONAL, EYE ON BRITAIN and Paralipomena

List of backup or "mirror" sites here or here -- for readers in China or for everyone when blogspot is "down" or failing to update. Email me here (Hotmail address). My Home Pages are here or here or here

****************************

The Big Lie of the late 20th century was that Nazism was Rightist. It was in fact typical of the Leftism of its day. It was only to the Right of Stalin's Communism. The very word "Nazi" is a German abbreviation for "National Socialist" (Nationalsozialist) and the full name of Hitler's political party (translated) was "The National Socialist German Workers' Party" (In German: Nationalsozialistische Deutsche Arbeiterpartei)

****************************

Tuesday, October 21, 2008

Real conservatism needed

If the election were held today, Barack Obama would be the new President of the United States of America. The latest Real Clear Politics average of national polls shows Obama ahead of McCain by nearly seven percentage points. It looks like the Democrats are going to have control of both the White House and Congress for the next four years. And, mark it down, if there is a Democrat sweep, conservative Republicans will get the blame.

The fact of the matter is, however, that President Bush and the Republicans who dominated Congress during most of his administration governed as anything but conservatives. Except during election season, it has been difficult to find any trace of conservative principles among incumbents within the Republican Party. During their tenure, Republican governance was characterized by out of control spending, record-setting earmarks, affirmative action programs for corporate wrongdoers, corrupt relations with special interests, and sexual scandal. While they often described themselves as "conservatives," their walk was very different from their talk...

During the period of Republican hegemony, no real ground was gained on reforming entitlements, no major effort was made to curb abortion (or even abortion funding), and the national debt as a percentage of gross domestic product rose to a 50-year high!

Few Republicans in leadership in government during the past decade have been authentic conservatives. At best, they have been counterfeit conservatives, which no doubt accounts for why Republicans lost so many seats in 2006 and why they appear ready to lose more seats and the Presidency this November.

Because of the divergence between the words and deeds of those who have called themselves conservatives, there is a lack of clarity of what it really means to be a "conservative." Conservatives are sometimes confused with libertarians. But true conservatives are not autonomous individuals seeking absolute freedom. The siren call of extreme libertarianism is no less destructive than the liberal dream of the nanny state. Conservatives understand that every person is a part of a family and a community; they understand that each generation is just one link in the long chain of human history; and they understand that each person and each generation has duties to those who went before, those who are living today, and those who will come after us. A sense of duty and history governs the lives and thoughts of conservatives....

A recovery of conservatism begins with a recovery of the family. Families are the cornerstone of a healthy society. Families are the units that raise our children, transmit our values, and prepare children for life in society as responsible adults. In addition to providing protection, provision, and guidance, families provide an environment in which children learn how to order their lives as they live in community with others.

Conservatives believe that both mothers and fathers have unique and invaluable roles to play in the development of healthy children. Feminine and masculine role models are important for girls and boys alike. In our youth, we look to our mothers and fathers to learn how to live and relate to others. However, divorce, promiscuity, and co-habitation have devastated America's families. Many children have only a single parent to raise them. Consequently, children are often raised with a "gender gap," and they receive instruction and guidance at home from just a single parent. The pathologies of single parent children are all too familiar: academic failure, drug abuse, teen suicide, sexual promiscuity, juvenile delinquency. Conservatives, therefore, advocate policies that strengthen and undergird the family, knowing that such policies strengthen and undergird society.

Conservatives understand the value of work. Work is the means by which families sustain themselves economically. Since families (unlike government) are not able to print money, they understand the work-wealth connection. Conservatives deem the willingness to work hard to support oneself and one's family a virtue. They eschew policies that diminish incentives to work or encourage a lack of self sufficiency.

Conservatives also understand the importance of living within one's means. They understand the importance of savings and investment and know that to do either requires that they resist the temptation for instant gratification. They understand that the future is uncertain and life has its ups and downs. Therefore, in good times they set aside a portion of their earnings for the difficult times that may be around the bend. They favor policies that promote savings and investment and oppose those that promote unhealthy speculation, which they see as the equivalent of gambling.

Conservatives believe that markets should be free from excessive government regulation and that free market forces, not government intervention, should determine winners and losers in the market place. Competition is typically the best and most efficient way to determine which goods and services the consuming public wants. Government control of the means of production of consumer goods and government dictation of consumer preferences should be discouraged.

More here

************************

Good Little Stuff from Big Mac

It certainly wasn't the big-bang across-the-board tax-reform and tax-cut plan that I and others lobbied for. But John McCain's "Pension and Family Security Plan" unveiled today on the campaign trail does have some solid pro-growth nuggets. I'm calling it some good little stuff.

The most important pro-growth measure is a reduction in the capital-gains tax rate to 7.5 percent in 2009 and 2010. Although I wish it were permanent, at least it will reward investors who scoop up undervalued assets, including bargain-basement stocks and underwater homes. Two years is not a very wide window. But this could promote a faster recovery in asset prices and wealth creation.

Alongside the cap-gains cut, McCain is proposing to increase the amount of capital losses eligible for tax write-offs from $3,000 to $15,000 for tax years 2008 and 2009. It's an offset to ordinary income. And again, while it should be permanent, at least it will be helpful.

Also in his plan, withdrawals from tax-preferred retirement accounts will be taxed at the lowest rate (10 percent) for the first $50,000 withdrawn from these accounts. Tax rules forcing seniors to sell retirement-account stock holdings when they reach age 70.5 will be suspended. That's good.

In effect, going into the final debate, McCain has a significant corporate tax cut and a modest capital-gains tax cut. He also wants to keep the Bush income-tax cuts in place. All of these measures are pro-growth.

I would have preferred a Paul Ryan modified flat tax with two brackets of 10 and 25 percent. In other words, a true across-the-board reduction in marginal tax rates as an economic recovery measure to connect with folks who are worried about recessionary losses for their jobs and home mortgages. Economic anxieties are big, and a big-bang tax-cut response would be optimal.

But cutting taxes for businesses, capital gains, and individuals does give McCain a lot of pro-growth meat on the bone for the big debate.

Now, if only McCain can succeed in selling these measures. Especially the corporate tax cut, which should be sold as a middle-class consumer tax cut inasmuch as corporations pass along their tax costs to consumers in the form of higher prices. This is the key to selling the corporate tax cut.

Source

**********************

ELSEWHERE

Wayne Lusvardi is campaigning for California's Proposition 8 -- which is aimed at stopping homosexual "marriage". He argues that it is in the interests of feminists to support the proposition. He won't convince the feminazis but lots of women have moderate feminist views.

High ratings for Palin on SNL: "The entertainment summit of the season -- Sarah Palin and her impersonator, Tina Fey -- earned "Saturday Night Live" its best ratings in 14 years. But if you blinked, you might have missed it. Fey was answering questions at a news conference, something Palin hasn't done yet as the Republican vice presidential nominee, when Palin walked on the stage. Fey beat a hasty retreat in the opening segment, walking past the real Palin with a barely perceptible nod. Palin's guest shot, widely anticipated since Fey began imitating her a month ago, led "Saturday Night Live" to its highest mark in overnight Nielsen Media Research ratings since March 1994, when assaulted skater Nancy Kerrigan was guest host. Although a complete audience estimate for the rest of the country won't be available until later in the week, it is likely to be around 14 million. For the first half-hour, when Palin first came out, the audience was about 17 million. That's pretty impressive for a TV program around midnight."

Canada looks to Europe in anticipation of Obama protectionism: "Barack Obama's promise to unilaterally rewrite the North American Free Trade Agreement if Canada and Mexico won't go along with his ideas on labor and the environment has not gone unnoticed in Ottawa. If Canadians are going to have a tougher time selling their goods and services south of the border, who can blame them for looking east -- across the Atlantic to Europe. Prime Minister Stephen Harper and President Nicolas Sarkozy of France signed an agreement Friday to begin negotiations for a free trade pact between Canada and the European Union. A Canada-EU study released last week outlines the joint economic benefits of such a partnership, with two-way trade estimated to increase 22.9% by 2014."

Typical Leftist destructiveness in Paris: "In a move that has ignited furious protests, Bertrand Delanoe, the Mayor of Paris, has approved plans for 180 council flats in Porte d'Auteuil, across the road from Villa Montmorency in well-heeled west Paris. Its rich and famous residents have signed petitions, berated MPs and complained that tenants will be able to see into their leafy and secret world from the tower block that Mr Delanoe wants to put up. Claudie Fournier-Christol, the chair of Porte d'Auteuil Environnement, a residents' association, accused the council of bringing "suburban crime" to the doorstep of France's "biggest taxpayers".

Farmers given more control in China: "Anxious at the spreading unrest among farmers left behind in the rush to get rich, China's Communist Party leaders yesterday unveiled sweeping reforms to give its 730 million or more rural residents more say in what they do with their land. The measures herald potentially the most far-reaching changes in rural China since a party plenum exactly 30 years ago when the late leader Deng Xiaoping launched market-oriented reforms with a decision to move away from communes and to allow farmers to till individual plots of land. Approved at a twice-a-year plenum of the party's Central Committee earlier this month, the scheme will allow farmers to transfer their land-use rights and to join share-holding entities with their farmland. The policies, still lacking in crucial details, effectively give farmers - rather than village leaders - the authority to decide how to use their land. Public ownership of land is a fundamental tenet of Communist Party rule and any attempt to enshrine farmers' ownership of their plots provokes howls of anger from Marxist ideologists. However, the current system of 30-year leases that can be extended gives effective ownership while maintaining the fig-leaf of public control - but has created a system rife with abuse. Under the new rules, severe punishment would be meted out to anyone violating farmers' interests."

For more postings from me, see OBAMA WATCH (2), TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS, IMMIGRATION WATCH INTERNATIONAL, EYE ON BRITAIN and Paralipomena

List of backup or "mirror" sites here or here -- for readers in China or for everyone when blogspot is "down" or failing to update. Email me here (Hotmail address). My Home Pages are here or here or here

****************************

The Big Lie of the late 20th century was that Nazism was Rightist. It was in fact typical of the Leftism of its day. It was only to the Right of Stalin's Communism. The very word "Nazi" is a German abbreviation for "National Socialist" (Nationalsozialist) and the full name of Hitler's political party (translated) was "The National Socialist German Workers' Party" (In German: Nationalsozialistische Deutsche Arbeiterpartei)

****************************

Monday, October 20, 2008

THE ASIAN MENTAL ADVANTAGE IS REAL

An interesting research finding below

Chinese Children Excel on Novel Mathematics Problems Even Before Elementary School

By Robert S. Siegler and Yan Mu

ABSTRACT- Kindergartners in China showed greater numerical knowledge than their age peers in the United States, not only when tested with arithmetic problems, which Chinese parents present to their children more often than U.S. parents do, but also when tested with number-line estimation problems, which were novel to the children in both countries. The Chinese kindergartners' number-line estimates were comparable to those of U.S. children 1 to 2 years more advanced in school. Individual differences in arithmetic and number-line-estimation performance were positively correlated within each country. These results indicate that performance differences between Chinese and U.S. children on both practiced and unpracticed mathematical tasks are substantial even before the children begin elementary school.

Psychological Science, Volume 19 Issue 8, Pages 759 - 763, 2008

********************

A big boost to socialism on the way?

The great credit crisis of 2008 and its aftermath come as a result of a "perfect storm" of almost unrelated events. Leftist attitudes were reaching a crescendo among the ideological classes, spurred on by such disparate and often logically irrelevant notions as racism, feminism, environmentalism, global warming, a health care crisis, an unpopular war and high energy costs. The political part of the mix included a bizarre set of primary elections and unlikely final candidates, one of whom is perhaps the most liberal figure in American politics. Globalization and increasing international trade stirred up the nativists and protectionists more than usual. The inevitable market-distorting results of interest rates kept too low showed up alongside a poor man's affirmative action lending program, all of which created a bubble that had to burst eventually. And new and not well-understood financial devices and organizations were creating public confusion and mistrust.

It was unlikely that all these influences would come to fruition at the same time, but they did. That is the nature of random events. The unlikely happens, and, almost by definition, no one is prepared for it when it does.

In spite of government efforts to reinflate the economy, we will now suffer a deep and painful recession/depression or stagflation, after which things will never be the same. That much of New Deal history can be confidently predicted to repeat itself.

The political direction of the country is now determined for a long time to come, and it is inevitably leftward. Politicians would never resist a popular but massive demand for more government regulation (even the few with enough brainpower to recognize what is going on). The business community has never been a strong supporter of free market capitalism, and it certainly cannot be counted on to change its stance this time around. The media, the various leftist trend-setting elites and university faculties have been waiting a long time for an opportunity just like this, and we can be sure that they won't squander it. The shrillness of their attacks on free markets will reach new heights of righteous indignation and assumed moral and intellectual superiority.

No policy issue based on private property, low taxes, small government or free trade will escape the charge that any unregulated free market will lead to disastrous excesses just as happened with the great financial crisis of 2008. This will be true for such soon to be rebuffed ideas as tuition vouchers for private schools, private health care, lower estate taxes, deregulation in its many forms, reduced use of eminent domain, tort liability restraint and free trade.

We can anticipate a new reign of mercantilism, as the protectionists among us wield this strong new weapon against globalization and open markets. And all of this is true in large degree regardless of who wins the forthcoming election. If Sarbanes-Oxley was any indication of the kind of legislation that results from crisis, then we can be sure that even more ham-handed regulation of all kinds will be the main product of the next Congress. Henry Waxman's grandstanding this past week about bankers' greed has been merely the warm-up for what is to follow.

Bankers eager for federal help now will find themselves regulated not far short of total federal control of their business behavior. Banks won't be permanently nationalized, but what we will get will differ from that result semantically more than factually. Derivatives, for all their promise of alleviating panics and distributing risk, will not now be allowed to evolve into the brave new system once predicted for them. Accounting rules will become even more convoluted as we continue to ask for more information out of double-entry bookkeeping than it can ever deliver.

Still, there is a glimmer of hope left to those who detest this seemingly inexorable slide into socialism or its first cousin, the super-regulatory state. That glimmer comes from the ghosts of Adam Smith, Milton Friedman and Friedrich Hayek, who still haunt the halls of the left. And in spite of all the claims made that this debacle marks the demise of free market philosophy, it won't go away so easily.

This time around, unlike during the New Deal, there is a substantial intellectual establishment to ride herd on leftist proclivities. There are numerous free market blog sites, which, for instance, can be properly credited with forcing modification of the recent short-sale ban. There are countless free market think tanks in Washington and all around the country exerting considerable influence on government policies. Libertarians are a small but growing political factor, and there are even a few university economics departments and law schools where sanity prevails or is at least occasionally evident.

Like it or not, these few intellectual bastions of freedom philosophy will be about the only thing that keeps these ideals alive in the coming years. But we should never underestimate the power of good ideas. Like the bad ones we are about to witness in large numbers, they may just have to bide their time until a new crisis causes the fickle and uninformed public to demand a new direction.

If these ideas are maintained in the inventory of ultimate possibilities, then there is always the chance of their public rediscovery and rebirth. It has happened with liberty before. And one thing is absolutely certain: Sooner or later the new era will end in another crisis. Perhaps then the defenders of freedom will be able to claim the moral high ground.

Source

*****************************

ELSEWHERE

The Anchoress is collecting reactions to Sarah Palin's brief appearance on Saturday Night Live. The Puffington Host and their ilk are saying that it was a disaster for Palin but they think that it is a disaster that she even breathes. It was of course devoted to ridiculing her but that might actually have gained her some sympathy. Newsbusters has the video.

British airport security a farce too: "Replica bombs were smuggled past security staff in hand luggage during a safety inspection at Britain's second busiest airport. Staff at Gatwick failed to identify artificial explosives carried by undercover transport inspectors from Brussels even though one device was allegedly identified as suspicious by X-ray scanners. The device was apparently handed back to the purported terrorist because the person carrying out the screening did not realise what had been found, according to an airport source. The shortcomings high-lighted by the European commission's inspection this month will be tested again this week in a follow-up audit. Sources at Gatwick claim the work of security staff is being hampered by the need to keep queues to a minimum."

McCain Finally Uses The 'S' Word: "At least in Europe, the Socialist leaders who so admire my opponent are upfront about their objectives. They use real numbers and honest language. And we should demand equal candor from Senator Obama. Raising taxes on some in order to give checks to others is not a tax cut it's just another government giveaway.

What Do They See That Obama Didn't?: "The University of Nebraska-Lincoln has cancelled a speech by Bill Ayres -- after it became clear that an Omaha charitable foundation would pull all its donations to the university if Ayres spoke. That, incidentally, is the appropriate response to a man who tried to blow up the Pentagon, whose group tried to firebomb the home of a New York state supreme court judge, and who said -- as recently as 9/11/01 -- that "we didn't do enough." In essence, the charitable group refused to be associated in any way with Ayres. Why didn't Barack Obama feel the same way?"

For more postings from me, see OBAMA WATCH (2), TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS, IMMIGRATION WATCH INTERNATIONAL, EYE ON BRITAIN and Paralipomena

List of backup or "mirror" sites here or here -- for readers in China or for everyone when blogspot is "down" or failing to update. Email me here (Hotmail address). My Home Pages are here or here or here

****************************

The Big Lie of the late 20th century was that Nazism was Rightist. It was in fact typical of the Leftism of its day. It was only to the Right of Stalin's Communism. The very word "Nazi" is a German abbreviation for "National Socialist" (Nationalsozialist) and the full name of Hitler's political party (translated) was "The National Socialist German Workers' Party" (In German: Nationalsozialistische Deutsche Arbeiterpartei)

****************************

Sunday, October 19, 2008

Brilliant money manager says the privileged elite are stupid

You see his point when you look at what overvalued assets have just done to the financial system

Andrew Lahde, the hedge-fund manager who quit after posting an 870% gain last year, said farewell to clients in a letter that thanks stupid traders for making him rich and ends with a plea to legalize marijuana. Lahde, head of Santa Monica, California-based Lahde Capital Management, told investors last month he was returning their cash because the risk of using credit derivatives - his means of betting on the falling value of bonds and loans, including subprime mortgages - was too risky given the weakness of the banks he was trading with.

"I was in this game for money," Lahde, 37, wrote in a two-page letter in which he said he had come to hate the hedge-fund business. "The low-hanging fruit, i.e. idiots whose parents paid for prep school, Yale and then the Harvard MBA, was there for the taking. These people who were (often) truly not worthy of the education they received (or supposedly received) rose to the top of companies such as AIG, Bear Stearns and Lehman Brothers and all levels of our government.

"All of this behavior supporting the Aristocracy, only ended up making it easier for me to find people stupid enough to take the other sides of my trades. God Bless America."

Lahde, who managed about $US80 million, told clients he'll be content to invest his own money, rather than taking cash from wealthy individuals and institutions and trying to amass a fortune worth hundreds of millions or even billions of dollars.

"I do not understand the legacy thing," he wrote. "Nearly everyone will be forgotten. Give up on leaving your mark. Throw the Blackberry away and enjoy life."

He said he'd spend his time repairing his health "as well as my entire life - where I had to compete for spaces at universities, and graduate schools, jobs and assets under management - with those who had all the advantages (rich parents) that I did not."

More here

****************************

AN ECONOMY YOU CAN BANK ON

It turns out that John McCain, who was widely mocked for saying that "the fundamentals of our economy are strong," was actually right. We're in a financial crisis, not an economic crisis. We're not entering a second Great Depression, says Casey B. Mulligan is a professor of economics at the University of Chicago. How do we know? Well, the economy outside the financial sector is healthier than it seems. One important indicator is the profitability of non-financial capital, what economists call the marginal product of capital:

* It's a measure of how much profit that each dollar of capital invested in the economy is producing during, say, a year.

* Some investments earn more than others, of course, but the marginal product of capital is a composite of all of them -- a macroeconomic version of the price-to-earnings ratio followed in the financial markets.

* When the profit per dollar of capital invested in the economy is higher than average, future rates of economic growth also tend to be above average.

* The same cannot be said about rates of return on the S.& P. 500, or any another measurement that commands attention on Wall Street.

Since World War II:

* The marginal product of capital, after taxes, has averaged 7 percent to 8 percent per year (in other words, each dollar of capital invested in the economy earns, on average, 7 cents to 8 cents annually).

* During 2007 and the first half of 2008, when the financial markets were already spooked by oil price spikes and housing price crashes, the marginal product was more than 10 percent per year, far above the historical average.

* The third-quarter earnings reports from some companies already suggest that America's non-financial companies are still making plenty of money.

Source

****************************

ELSEWHERE

Death duties dying in Taiwan: "The cabinet's plan, announced yesterday, is to convert the inheritance tax to a flat rate of 10% from the current 2%-50% range and increase the amount of inheritance exempt from any tax. The move would encourage more taxpayers to bring their savings and investments back onshore -- boosting domestic liquidity and consumption and generating employment in the high-paying wealth-management and investment-fund sectors. The plan also would increase the standard deduction on the personal income tax, effectively reducing household tax burdens."

Murdoch publications doing fine: "News Corporation chairman and chief executive officer Rupert Murdoch has expressed tremendous confidence in the media giant's future and its ability to weather the global financial crisis. Addressing the annual meeting of News Corp's stockholders overnight in New York, Mr Murdoch was expected to say the company would most certainly be tested by the current economic turmoil. But he said the company would remain faithful to its core mission that had served it well for more than 50 years. "And as long as we do, we will do what we do best: Connecting people all over the world, creating choice where none exists, informing with a purpose, challenging with a mission, taking on established competitors, and always reinventing ourselves while judiciously investing for the long term," Mr Murdoch said. In advance remarks of his speech, Mr Murdoch told stockholders that News Corp had reported its sixth consecutive year of record earnings." [Political balance pays off]

French bank loses a billion: "French bank Caisse d'Epargne lost 600 million euros ($1 billion) in a derivatives trading "incident" during last week's market turmoil, the company said today. The dramatic loss suffered by the mutual bank, one of France's biggest and generally regarded as a safe haven for cautious small savers, was the latest blow to confidence in a sector already ravaged by the credit crunch. Finance Minister Christine Lagarde ordered France's banking commission to conduct an immediate audit of the bank's trading activity, while stressing that there was no risk of the bank failing. News of the loss came in the same week as directors of Caisse d'Epargne approved plans to merge it with another company, Banque Populaire, and become France's second-largest retail bank. "Because of the extreme volatility in the markets and the stock market crash of the week of October 6, the Caisse d'Epargne group underwent a major incident in the derivatives market," the statement said."

Who are the villains of the mortgage mess?: "In this current mess, one problem is identifying the heroes and villains in Congress. Many analysts conveniently dodge this question and instead make the rather novel claim that the turmoil in financial markets somehow is the result of deregulation. Yet the financial services industry is probably the most heavily regulated sector of the American economy, saddled with hundreds of laws, thousands of regulations and a plethora of government agencies. If red tape were the answer, this problem never would have happened."

Community Reinvestment Act: The risk of unintended consequences: "As policymakers consider ways to address the current mortgage crisis, it is important to evaluate new proposals with an eye toward their future effects on the economy. The unintended consequences of government programs can have far-reaching economic and social effects. It's important to keep in mind that government intervention played a central role in creating and elevating the current crisis: Interest rate manipulation, tax code loopholes, and 'smart growth' land-use policies all contributed to artificially inflating home prices and shifting investment counter to real demand."

For more postings from me, see OBAMA WATCH (2), TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE, FOOD & HEALTH SKEPTIC, AUSTRALIAN POLITICS, IMMIGRATION WATCH INTERNATIONAL, EYE ON BRITAIN and Paralipomena

List of backup or "mirror" sites here or here -- for readers in China or for everyone when blogspot is "down" or failing to update. Email me here (Hotmail address). My Home Pages are here or here or here

****************************

The Big Lie of the late 20th century was that Nazism was Rightist. It was in fact typical of the Leftism of its day. It was only to the Right of Stalin's Communism. The very word "Nazi" is a German abbreviation for "National Socialist" (Nationalsozialist) and the full name of Hitler's political party (translated) was "The National Socialist German Workers' Party" (In German: Nationalsozialistische Deutsche Arbeiterpartei)

****************************