Archive for January, 2012


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Six House Democrats, led by Rep. Dennis Kucinich (D-Ohio), want to set up a “Reasonable Profits Board” to control gas profits. 

The Democrats, worried about higher gas prices, want to set up a board that would apply a “windfall profit tax” as high as 100 percent on the sale of oil and gas, according to their legislation. The bill provides no specific guidance for how the board would determine what constitutes a reasonable profit.  read more

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I don’t blame the Democrats for wanting to seduce Republicans into a tax-increase trap. Indeed, I completely understand why some Democrats said their top political goal was getting the GOP to surrender the no-tax-hike position.

I’m mystified, though, why some Republicans are willing to walk into such a trap. If you were playing chess against someone, and that person kept pleading with you to make a certain move, wouldn’t you be a tad bit suspicious that they weren’t trying to help you win?

When I talk to the Republicans who are open to tax hikes, they sometimes admit that their party will suffer at the polls, but they say it’s the right thing to do because of red ink.

I suppose that’s a noble sentiment, though I find that most GOPers who are open to tax hikes also tend to be big spenders, so I question their sincerity (with Senator Coburn being an obvious exception).

But even if we assume that all of them are genuinely motivated by a desire to control deficits and debt, shouldn’t they be asked to provide some evidence that higher taxes are an effective way of fixing the fiscal policy mess?  read more

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Civilization in Reverse

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In Greek mythology, the prophetess Cassandra was doomed both to tell the truth and to be ignored. Our modern  version is a bankrupt Greece that we seem to discount.

News accounts abound now of impoverished Athens residents scrounging pharmacies for scarce aspirin — as Greece is squeezed to make interest payments to the supposedly euro-pinching German banks.

Such accounts may be exaggerations, but they should warn us that yearly progress is never assured. Instead, history offers plenty of examples of life becoming far worse than it had been centuries earlier. The biographer Plutarch, writing 500 years after the glories of classical Greece, lamented that in his time weeds grew amid the empty colonnades of the once-impressive Greek city-states. In America, most would prefer to live in the Detroit of 1941 than the Detroit of 2011. The quality of today’s air travel has regressed to the climate of yesterday’s bus service.  read more

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A few months ago we learned that outgoing Freddie CEO Ed Haldeman quit Freddie after just two years of work, pocketing  over $4 million primarily to collect over $21 billion in bailout funds from the US government. Now, it is the turn of the other broke GSE: according to a just filed 8K, Fannie Mae CEO Michael Williams is also stepping down without a replacement, so obviously the decision was made in haste and is an indication that nobody at the helm of the two largest mortgageholders want to do anything with what Obama and the Chairsatan have in store for the two behemoths holdings over $6 trillion in mortgages in their books. Incidentally, according to Forbes, Williams made $4.84 million in comp last year. His claim to fame: receiving a total of $60 billion in Treasury bailout cash (net of $17.2 billion in dividend payments) – hard job that one.

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A potentially huge Democratic scandal is brewing in upstate New York, regarding a trophy-keeping abortion   practitioner who had a collection of 17 frozen fetuses confiscated from a clinic in Albany back in 1996.  An assistant to the Attorney General’s office is now claiming that the doctor, Dr. Steven Chase Brigham, was never thoroughly investigated due to political pressure from the Albany Democratic machine.  Now, sixteen years after the fact, that same doctor has been charged with murder.

Dr. Steven Bringham

Could hindering an investigation of Dr. Brigham make Democrats in Albany an accessory to murder?

Last week, LifeNews reported on a pair of abortion practitioners who were charged with murder across two states:

    Operation Rescue has learned that abortionists Steven Chase Brigham and Nicola Irene Riley have been charged with murder related to the deaths of viable babies at an illegal secret abortion clinic that the pair operated in Elkton, Maryland.

    Brigham is currently in the custody at the Camden County Jail in New Jersey and Riley was arrested and is currently in the custody of the Salt Lake County Jail in Utah. Both are awaiting extradition to Maryland.

    Brigham was charged with five counts of first-degree murder and five counts of second-degree murder. Riley was charged with one count of first-degree murder and one count of second-degree murder. The charges are the result of a Grand Jury investigation.  read more

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