01 December 2010

The Fab One: TAXMAN!

If you try to drive, I will tax Main Street...


Today we have Dear Leader 'negotiating' with the GOP re. precisely who gets fleeced after January 1st... this on top of $670B in wreckless Obama tax increases already.  

And if he does succeed in allowing Bush tax cuts to expire on the entrepreneurial class that Reagan said 'create most or all of the job growth' in the US -but whom Obama plainly considers class enemies- the feeble American economy will sure-as-you're-born be plunging straight into cardiac-arrest mode...

 Washington Examiner (highlights RR):

The Obama administration is sending in high-ranking mediators in hopes of ending its stalemate with congressional Republicans over extending the Bush-era tax cuts. 
.......
The disagreement between the two parties over who should continue to get a tax cut has turned into a high-stakes game of chicken, with neither side willing to budge. 

Most Democrats want the current tax cuts extended to individuals earning less than $200,000 or couples making less than $250,000. Republicans are insisting the cuts be extended to everyone, saying it would help revive the fragile economy. 

Senate Majority Leader Harry Reid, D-Nev., said that if the new round of negotiations fails to produce an agreement, he will introduce a bill that would extend tax cuts only to the lower-income taxpayers.


Of course Obama is blaming his desire to bleed those he perceives as "rich" on the dubious ambition of reducing a federal deficit he and his own congressional allies tripled in just one year... this while ignoring clear historical precedent that proves total revenues could grow significantly under the real stimulus of a tax cut on those who employ people in this country.

Peter Ferrera (ex. Reagan WH Office of Policy Administration) writing in American Spectator (highlights RR) labels Obamanomics' revenue-side schemes Tax Piracy... while ineffectual and even deeply damaging:
...President Obama has consistently followed exactly the opposite of every plank of Reaganomics. As a consequence, we can rightly expect that America will now suffer exactly the opposite results, unless those economic policies are quickly overturned by new Congressional majorities. 

In 1983, President Reagan's third year, his tax rate cuts became fully effective, and real GDP zoomed upward over the first 4 quarters of recovery by 7.7%. That recovery flowered into a generation-long, 25-year economic boom, interrupted only by two short, shallow recessions, following President Bush's budget deal increasing tax rates in 1990, and the 9/11 terror attack in 2001. 

Art Laffer and Steve Moore have rightly called this Reagan boom "the greatest period of wealth creation in the history of the planet." Indeed, more wealth was created in America during this 25 year boom, from 1983 to 2007, than in all the prior 200 years of American history, from George Washington to Jimmy Carter, combined. That is why Steve Forbes has rightly called it an "economic Golden Age." 

The mirror image opposite of this economic performance would be the natural, logical result of following the mirror image opposite of Reagan's economic program, including the counterproductive incentive effects of Obama's comprehensive federal tax rate increases, the costs and burdens of Obama's reregulation hitting next year, and the continued drain of private sector resources due to President Obama's supposedly stimulative spending increases and deficits. 

Laffer explains: 
[W]hen the U.S. economy comes to 2011, the train's going to come off the tracks…. The tax boundary that will occur on January 1, 2011 tells me that GDP growth in 2010 will be some 6% to 8% higher than GDP growth in 2011. 
A year on year decline from trend of some 6% to 8% in GDP growth would represent a larger collapse than occurred in 2008 and early 2009. We see signs of that already even in this year's economy, which, again just the opposite of Reagan's performance, should be the peak economic year in President Obama's reign of error. 

Economic growth is in a tailspin, falling from 5% in the fourth quarter of 2009, to 3.7% in the first quarter this year, to 1.6% in the second quarter. Unemployment is rising again, with the economy continuing to lose jobs every month. 

The stock market has been long stalled, mired 30% below its record highs over 14000 in the Dow. This weak economy couldn't be a worse time to raise Federal tax rates across the board. 

With President Obama's current economic policies, the probability of a renewed, double-dip recession is over 100%...


The GOP caving to this politically-feeble would-be redistributor would be a very bad sign of things to come... let's hope Boehner, Cantor, and McConnell can stick to the proven Reaganite principles they must uphold without exception if there's any hope still of turning this ship away from the falls.

More background on Reaganomics -which gave this country eight of the best years it's ever seen- vs Obamanomics... a comprehensively flawed set of policies that has America careening towards the fate of the Weimar Republic -here-

-Pookie's Toons-

30 November 2010

WikiLeaks Site Under Massive Cyber-Attack; Assange May Face Charges from AG Holder

Talk about pushing your luck... Julian Assange 
now wants to release docs stolen from a major US bank


The WikiLeaks site has come under an extended seige today... it's about time, good grief:
The WikiLeaks website said it came under a forceful Internet-based attack on Tuesday morning, making some of the content, including the controversial “Cablegate” documents, inaccessible for hours to users in the U.S. and Europe. 

The site appears to have responded by switching its main hosting base from Sweden to the U.S., making it available again. On Tuesday, traffic to the site went to Amazon.com Inc.’s server-for-rent service, based in the U.S. 

The site, which distributed a trove of U.S. diplomatic documents on Sunday, said in a Twitter message on Tuesday morning that it was under a “distributed denial of service attack,” a method commonly used by hackers to slow down or bring down sites. WikiLeaks didn’t identify the attackers. 

“We are currently under a DDOS attack,” according to one tweet early Tuesday. Shortly after 9 a.m., another tweet was sent, saying, “DDOS attack now exceeding 10 Gigabits a second.” The site, which is devoted to releasing anonymously submitted documents, also came under attack Sunday, but Tuesday’s attack appeared to be more powerful.

And endangering troops and US security is not enough for this cyber-vermin, it seems: now he's threatening to take down a major US bank...

Cubachi via Riehl:
However, Assange an admitted anarchist who loves to commit crisis, is not done. 

As if he hasn’t wreaked havoc enough, now Assange told Forbes magazine that his next expose will be on big businesses and a major American bank. He claims it’ll be comparable to Enron. 

Nice to know that the media loves to glorify this character....

After Rep Peter King (R-NY) and others suggested we should charge Assange under the Espionage Act and label WikiLeaks a terrorist organization, generally-useless Eric Holder is actually threatening to go after him... 
Federal authorities are investigating whether WikiLeaks founder Julian Assange violated criminal laws in the group's release of government documents, including possible charges under the Espionage Act, sources familiar with the inquiry said Monday.

But other observers looking to assign blame here -such as the ultraliberal Washington Post- are even more shocked to see Obama doing nothing to prevent this rolling disaster. Seems he welcomes still more opportunity (Cloward-Piven) by having the nation in a perpetual state of turmoil and crisis... what other explanation as he sits on his rear watching this freak rape our national security over-and-over again:
What action did the Obama administration take to prevent the impending release of such volatile information?

State Department legal adviser Harold Koh sent a strongly worded letter urging WikiLeaks to cease publishing classified materials. I'm sure that made Assange think twice. 

Is the Obama administration going to do anything - anything at all - to stop these serial disclosures of our nation's most closely guarded secrets? 

Just this past week, the federal government took decisive action to shut down more than 70 Web sites that were disseminating pirated music and movies. Hollywood is safe, but WikiLeaks is free to disseminate classified documents without consequence. 

With this latest release, Assange may now have illegally disclosed more classified information than anyone in American history. He is in likely violation of the Espionage Act and arguably is providing material support for terrorism. 

But unlike leakers who came before him, Assange has done more than release information; he has created a virtual system for the ongoing collection and dissemination of America's secrets.

The very existence of WikiLeaks is a threat to national security. Unless something is done, WikiLeaks will only grow more brazen - and our unwillingness to stop it will embolden others to reveal classified information using the unlawful medium Assange has built...

Perhaps somebody ought to tap ole Julian on the shoulder right about now and make sure he's aware that there's an organization called the CIA that's in the business of neutralizing those who pose a threat to US national security... just sayin.

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What Would Churchill Say?

Sir Winston Churchill was born 135 years-ago on this day. Sadly, we already know what our current misguided president thinks of him... Obama made clear his contempt for this great man and friend of America when he sent his bronze bust on display at the White House back to London his first full month in office, in March '09. 

He then replaced it with one of MLK -surely due to the fact that his father's (and possibly his own) native land of Kenya was once a British colony.

This flippant act -apparently based on Obama's weird historical grudges- shocked and dismayed allied patriots on both sides of the Atlantic- but was to be only the first in a number of seemingly-intentional slights directed against America's closest ally. So what might the ol' bulldog have thought of Obama...? 

Quoth Churchill: 

"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery." 


"If you have ten thousand regulations you destroy all respect for the law." 


"An appeaser is one who feeds a crocodile, hoping it will eat him last" 


"The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries." 


"Criticism may not be agreeable, but it is necessary. It fulfils the same function as pain in the human body. It calls attention to an unhealthy state of things. " 


"Do not let spacious plans for a new world divert your energies from saving what is left of the old." 


"To build may have to be the slow and laborious task of years. To destroy can be the thoughtless act of a single day." 


"However beautiful the strategy, you should occasionally look at the results." 


"Russia is a riddle wrapped in a mystery inside an enigma." 


"There is no such thing as a good tax." 


LOL, well not much apparently- and just maybe BHO should have read something besides left-wing rabble-rousing manuals and works of other disgruntled subversives back when he was forming his warped world-view... could have saved us all a lot of (ongoing) grief.





MC Hopenchange: Don't Touch My Junk!

I know the theme is getting tired... but this is pretty funny


More of the same from RX2008 -here-


Brooklyn's Nine-Term Congressman Stephen J. Solarz Dead at 70

Foreign affairs expert Stephen Solarz exposed
Imelda Marcos' 3000 shoes... but also angered fellow Democrats with his support for the Gulf War in 1992

NYT:
When he was elected to the House in 1974, Mr. Solarz finagled a seat on the Foreign Affairs Committee with the idea that he could appeal to his largely Jewish district by attending to the needs of Israel. He immediately threw himself into foreign policy issues, visiting leaders of Israel, Jordan, Egypt and Syria in his first month on the job. He soon became a leading voice in the House on foreign affairs. 

Mr. Solarz was defeated in a Democratic primary in 1992 after being caught up in a scandal involving the bank operated for House members and after his district had been redrawn to facilitate the election of a Hispanic candidate.
.......
Mr. Solarz would go on to be the first congressman to visit North Korea in 30 years; have a nine-hour conversation with Fidel Castro; introduce a nuclear freeze resolution; help alter Reagan administration policies in Central America and Lebanon; and battle many in his own party when he supported the Persian Gulf war in 1991. 

Mr. Solarz visited more than 100 countries, more than earning his nickname, the Marco Polo of Congress...
.......
In his 1986 hearings on the Philippines, Mr. Solarz provided irrefutable evidence that President Ferdinand Marcos was misusing foreign aid, leading to the uncovering of the vast United States real estate empire he shared with his wife, Imelda — not to mention Mr. Solarz’s blockbuster disclosure about her shoes.



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29 November 2010

WikiLeaks: North Korea Shipped 19 Advanced Nuclear-Capable Missiles to Tehran

Berlin and Moscow now within range 
of the vile, apocalyptic Iranian regime...


Most defense experts had heard of individual advanced missile components supplied to Tehran by Pyongyang- but entire nuclear-capable North Korean missiles complete with their massive boosters are a bit of a shocker... and how did they get them there, anyway?

Alas, the BM-25's were indeed serendipitously sent, and are already in Iran... where they are being studied, improved, while the technologies are applied to their space program and ongoing development of an ICBM that can reach the US mainland. 

They immediately increase the range Iran's arsenal to 2000 miles from the previous 1200 max...
Secret American intelligence assessments have concluded that Iran has obtained a cache of advanced missiles, based on a Russian design, that are much more powerful than anything Washington has publicly conceded that Tehran has in its arsenal, diplomatic cables show. 

Iran obtained 19 of the missiles from North Korea, according to a cable dated Feb. 24 of this year...

The missiles could for the first time give Iran the capacity to strike at capitals in Western Europe or easily reach Moscow, and American officials warned that their advanced propulsion could speed Iran’s development of intercontinental ballistic missiles.

There has been scattered but persistent speculation on the topic since 2006, when fragmentary reports surfaced that North Korea might have sold Iran missiles based on a Russian design called the R-27, once used aboard Soviet submarines to carry nuclear warheads. In the unclassified world, many arms control experts concluded that isolated components made their way to Iran, but there has been little support for the idea that complete missiles, with their huge thrusters, had been secretly shipped. 

The Feb. 24 cable, which is among those obtained by WikiLeaks and made available to a number of news organizations, makes it clear that American intelligence agencies believe that the complete shipment indeed took place, and that Iran is taking pains to master the technology in an attempt to build a new generation of missiles. 

The missile intelligence also suggests far deeper military — and perhaps nuclear — cooperation between North Korea and Iran than was previously known. At the request of the Obama administration, The New York Times has agreed not to publish the text of the cable.


Interestingly, two important Iranian nuclear engineers driving to work this morning had bombs attached to their car by motorcycle-mounted assassins while in motion... one dead, one wounded.  

Oh well, that's a dangerous business they chose... -here-
(h/t Weasel Zippers)




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