De facto President Obama insists on making the “sequester” hurt as much as possible. Or so he thinks. But one executive, in an industry that takes many government subsidies, doesn’t want any more. In fact, he says the government should get out of the subsidy business. That, he says, would force his industry to concentrate on fundamentals, not on playing political games.
The parliament of Cyprus today said a big ΟΧΙ! – Ochi! – NO! – to the European Union’s demand to tax bank demand deposits for tribute. But by even thinking of such a step, the EU and the government of Cyprus have done damage neither side can repair. They have broken faith with every man, woman and child who has “money in the bank,” whether that bank be in Cyprus, or elsewhere in Europe, or here in the United States of America.
Cyprus has a long and troubled history – pawn in war for thousands of years, divided to this day between Greece and Turkey. Today, like a canary in a coal mine, Cyprus signals the total economic and social collapse that threatens all Western economies, This should surprise no one.
Don’t let that nice, comfortable grandfatherly look on Mr. Bernanke’s face fool you. He is as evil and destructive as George Soros and all the anti-American projects he funds. For those of us who have religious backgrounds the words “Father, forgive them for they know not what they do” can soften our hearts for those that have done wrong in an attempt to do right.
Congress did not avert the “fiscal cliff.” This government went over that cliff long ago. The numbers, when you read them, tell the tale.
Taxation without representation isn’t a new phrase. It’s one we usually associate with the Revolutionary War. However, in 2012, it may be time to start shouting this protest phrase once again. As is the case with the recent Tea Parties, which derive their name from our founders’ protest against high tea taxes levied by England, some things old seem to be new again. And – as was the case prior to the Revolutionary War – the people living on this continent in this country once again suffer taxation without representation. This time, however, is more insidious since we all erroneously believe that we do have representation in the form of elected officials. But do we?
The lunacy of worrying about the “fiscal cliff” can not be more easily shown than by this graphic.
This, my good people, is not the money both Democrats and Republicans have spent. This is money they spent, that they did not have.
Many opinion writers, like Dan Henninger at The Wall Street Journal, wonder what putative President Barack Obama has to gain if the “fiscal cliff,” or the “great sequester,” plays out. After all, they say, the economy goes into recession. This will only embarrass him and maybe lose him the Congress in 2014, and his power to choose a successor in 2016. But they’ve missed something. All of this is a sham. Barack Obama wants to go over the fiscal cliff. He wants a recession, or even a depression. Because only then can he and his advisers do a rerun of the Cloward-Piven Strategy.
America will go over the fiscal cliff. Putative President Barack Hussein Obama decided that yesterday. He sent out a (literally) ridiculous plan that would be worse even than the “sequester.” This, after he shot back to Mitt Romney that “it won’t happen.” If Republicans have any courage at all, they will walk away from this. Let the “sequester” play out. In fact, in moral terms they may do nothing else.
Warren Buffett published a rant of arrant nonsense three days ago in The New York Times. Worse, how he actually invests and manages his money, and companies he owns or takes over, does not agree with what he says. Thus he spouted not only nonsense but hypocritical nonsense. He acted like an actor reading a script he could never understand. And if he does understand it, then he lied.
