First, the population was dumbed down through a politicized and substandard education system based on pop culture, rather then the classics. Americans know more about their favorite TV dramas then the drama in DC that directly affects their lives. They care more for their "right" to choke down a McDonalds burger or a BurgerKing burger than for their constitutional rights. Then they turn around and lecture us about our rights and about our "democracy". Pride blind the foolish.
Then their faith in God was destroyed, until their churches, all tens of thousands of different "branches and denominations" were for the most part little more then Sunday circuses and their televangelists and top protestant mega preachers were more then happy to sell out their souls and flocks to be on the "winning" side of one pseudo Marxist politician or another. Their flocks may complain, but when explained that they would be on the "winning" side, their flocks were ever so quick to reject Christ in hopes for earthly power. Even our Holy Orthodox churches are scandalously liberalized in America.
The final collapse has come with the election of Barack Obama. His speed in the past three months has been truly impressive. His spending and money printing has been a record setting, not just in America's short history but in the world. If this keeps up for more then another year, and there is no sign that it will not, America at best will resemble the Wiemar Republic and at worst Zimbabwe.
Saturday, July 4, 2009
Friday, July 3, 2009
Time to stand up to tyranny!
"THESE are the times that try men's souls. The summer soldier and the sunshine patriot will, in this crisis, shrink from the service of their country; but he that stands by it now, deserves the love and thanks of man and woman. Tyranny, like hell, is not easily conquered; yet we have this consolation with us, that the harder the conflict, the more glorious the triumph."
Further Thoughts
The Fourth of July
Tomorrow, the 4th of July, it would do all of us good to read the Declaration of Independence and the Constitution, because without the former, we would not have the latter. The basic rights of humanity - Life, Liberty and the pursuit of Happiness - in that order and in that order of importance - are spelled out in the Declaration of Independence and from those three flow all else - and with those three we are held to a high level of responsibility - a fact forgotten by today's spoiled government dependent generations. Starting from these three fundamental and un-dissolvable rights the rules by which human kind interact derive. There is no right to a house, or fancy clothing or a car or an iPod or healthcare - these latter "things" are all individual responsibilities - part of being a person pursuing Happiness. So, on the 4th the Obama might consider how it has become a right for someone to have some government handout just because that someone chooses not to get it for themselves.
I volunteer ---- Congress, that is!
Volunteering to take part in clinical trials is a duty whose importance should be viewed on a par with voting, they say. Toward this end, the NIH researchers argue that recruiting ads should stop referring to participants as “everyday heroes,” because this implies that volunteering requires action above and beyond what should be expected of us. Rather, recruiting programs should implore people to do their part, like World War II era campaigns for recycling, rationing and folding bandages.
Thursday, July 2, 2009
The real culprit in the housing crisis
A simple statistic can help make the point: although only 12% of homes had negative equity, they comprised 47% of all foreclosures.
What about upward resets in mortgage interest rates? I found that interest rate resets did not measurably increase foreclosures until the reset was greater than four percentage points. Only 8% of foreclosures had an interest rate increase of that much. Thus the overall impact of upward interest rate resets is much smaller than the impact from equity.
The difference in policy implications is enormous: A significant reduction in foreclosures will happen when and only when housing prices stop falling and unemployment stops rising.
Unfortunately, recent attempts by politicians such as Barney Frank (D., Mass.) to again artificially increase homeownership levels might delay this return to sustainable equilibrium prices.
Wednesday, July 1, 2009
And we want to put this Sleaze on the high bench!?
Bazelon and Judge Sotomayor, who voted to uphold the city's decertification of the promotion test, are typical of liberal elites who are ready to ratify squalid political deals -- and blatant racial discrimination -- in return for the political support and the votes that can be rallied by the likes of Kimber. You supply the numbers on Election Day, and we'll supply the verbiage to put a pretty label on your shenanigans.
But I think we ought to reserve some of our sympathy for the purported beneficiaries of this wretched discrimination, the black firefighters. Their champions -- Kimber and DeStefano, Bazelon and Judge Sotomayor -- are telling them that their way up in life should not be determined by the content of their character or by mastery of their worthy craft, but by the color of their skin. Not by a fair and unbiased test, but by dishonest wire pulling and threats of political retaliation.
