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President Obama Wins Nobel Peace Prize - ABC News. LOL? This needs a little more tongue-in-cheek and it could be from The Onion.
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The WSJ shares my opinion that Franken stole the election ~:
The Minnesota Supreme Court yesterday declared Democrat Al Franken the winner of last year's disputed Senate race, and Republican incumbent Norm Coleman's gracious concession at least spares the state any further legal combat. The unfortunate lesson is that you don't need to win the vote on Election Day as long as your lawyers are creative enough to have enough new or disqualified ballots counted after the fact.
Mr. Franken now goes to the Senate having effectively stolen an election. If the GOP hopes to avoid repeats, it should learn from Minnesota that modern elections don't end when voters cast their ballots. They only end after the lawyers count them.
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Tags: [Current Events, Opinions/Politics]
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Al Franken is a senator. Good lord.
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Little Green Footballs - Islamists Lose Ground in the Middle East. Nice.
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Peter Schiff presentation @ Google (via). To watch.
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Obama budget could bring $9.3 trillion in deficits (via):
President Barack Obama's budget would produce $9.3 trillion in deficits over the next decade, more than four times the deficits of Republican George W. Bush's presidency, congressional auditors said Friday.
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Little Green Footballs - Gitmo Inmates to Be Released in US, Given 'Assistance':
President Barack Obama is not only planning to release Guantanamo Bay inmates into the United States—he’s going to give them welfare.
Yay... change?
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Fed to pump another $1 trillion into U.S. economy - International Herald Tribune. Woo the dollar is Monopoly money!
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steve dekorte: essence of the "rescue" plan
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My Way News - AIG execs' retreat after bailout angers lawmakers:
WASHINGTON (AP) - Less than a week after the federal government had to bail out American International Group Inc. (AIG), the company sent executives on a $440,000 retreat to a posh California resort, lawmakers investigating the company's meltdown said Tuesday.
The American gov't: redistribution of wealth to the rich. GJ there.
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Harvard Economist Jeffrey A. Miron: Bankruptcy, not bailout, is the right answer:
The current mess would never have occurred in the absence of ill-conceived federal policies. The federal government chartered Fannie Mae in 1938 and Freddie Mac in 1970; these two mortgage lending institutions are at the center of the crisis. The government implicitly promised these institutions that it would make good on their debts, so Fannie and Freddie took on huge amounts of excessive risk.
Worse, beginning in 1977 and even more in the 1990s and the early part of this century, Congress pushed mortgage lenders and Fannie/Freddie to expand subprime lending. The industry was happy to oblige, given the implicit promise of federal backing, and subprime lending soared.
The fact that government bears such a huge responsibility for the current mess means any response should eliminate the conditions that created this situation in the first place, not attempt to fix bad government with more government.
The obvious alternative to a bailout is letting troubled financial institutions declare bankruptcy. Bankruptcy means that shareholders typically get wiped out and the creditors own the company. ... In contrast, a bailout transfers enormous wealth from taxpayers to those who knowingly engaged in risky subprime lending.
Also, Chris Langreiter links to an article by economist Steven Horwitz: An Open Letter to my Friends on the Left (to read), as well as an economics blog focusing on the crisis, The Big Picture.
LA Times: You won't believe where that $700-billion bailout figure came from (via).
You know where that very important $700-billion figure came from?
Here’s a quote from that Forbes story:
"It's not based on any particular data point," a Treasury spokeswoman told Forbes.com Tuesday. "We just wanted to choose a really large number."
They made it up to be sufficiently ginormous to frighten everyone into rapid action.
And it worked.
Awesome.
Steve Dekorte has some more posts too:
Edit: Also, LGF linked to an article by Bill Whittle the other day that I'd like to read.
Edit: One more: LGF: Obama and ACORN
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Nashville ran out of gas for about a week, from about last Thursday to this Thursday. Someone wasn't happy about this.
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Tags: [Current Events, Funny]
More from/via Steve Dekorte on the economic crisis:
When Paulsen [link mine] asks for a trillion dollars to prop up the system, that's a trillion more dollars funneled to the rich and it will only delay and increase the size of the inevitable collapse.
This bailout is a mess and is going to hurt us more.
Congress is poised to vote to give the Executive Branch of government, and specifically the White House’s political appointees in the Treasury Department, the absolute right to take our money and give it to domestic and foreign banks and corporations without any oversight of elected officials, from the courts, or from the people.
The new legislation states: **“Decisions by the Secretary [of the Treasury] pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.”** The Legislation allows the Treasury Department to appoint the same bankers who created the crisis to administer and dictate the use of trillions of our tax dollars.
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YouTube - Burning Down The House: What Caused Our Economic Crisis? Seems to agree with what I read a few days ago about how the Democrats created the financial crisis.
Edit: updated link.
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lgf: Yon: On Patrol with the Iraqi National Police.
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lgf: Prospect: Mission Accomplished. I'm just going to quote the excellent portion quoted at LGF and read the rest later:
The question of what to do in Iraq today must be separated from the decision to topple Saddam Hussein four and a half years ago. That decision is a matter for historians. By any normal ethical standard, the coalition’s current project in Iraq is a just one. Britain, America and Iraq’s other allies are there as the guests of an elected government given a huge mandate by Iraqi voters under a legitimate constitution. The UN approved the coalition’s role in May 2003, and the mandate has been renewed annually since then, most recently this August. Meanwhile, the other side in this war are among the worst people in global politics: Baathists, the Nazis of the middle east; Sunni fundamentalists, the chief opponents of progress in Islam’s struggle with modernity; and the government of Iran. Ethically, causes do not come much clearer than this one.
Some just wars, however, are not worth fighting. There are countries that do not matter very much to the rest of the world. Rwanda is one tragic example; and its case illustrates the immorality of a completely pragmatic foreign policy. But Iraq, the world’s axial country since the beginning of history and all the more important in the current era for probably possessing the world’s largest reserves of oil, is no Rwanda. Nor do two or three improvised explosive devices a day, for all the personal tragedy involved in each casualty, make a Vietnam.
The great question in deciding whether to keep fighting in Iraq is not about the morality and self-interest of supporting a struggling democracy that is also one of the most important countries in the world. The question is whether the war is winnable and whether we can help the winning of it. The answer is made much easier by the fact that three and a half years after the start of the insurgency, most of the big questions in Iraq have been resolved. Moreover, they have been resolved in ways that are mostly towards the positive end of the range of outcomes imagined at the start of the project. The country is whole. It has embraced the ballot box. It has created a fair and popular constitution. It has avoided all-out civil war. It has not been taken over by Iran. It has put an end to Kurdish and marsh Arab genocide, and anti-Shia apartheid. It has rejected mass revenge against the Sunnis. As shown in the great national votes of 2005 and the noisy celebrations of the Iraq football team’s success in July, Iraq survived the Saddam Hussein era with a sense of national unity; even the Kurds—whose reluctant commitment to autonomy rather than full independence is in no danger of changing—celebrated. Iraq’s condition has not caused a sectarian apocalypse across the region. The country has ceased to be a threat to the world or its region. The only neighbours threatened by its status today are the leaders in Damascus, Riyadh and Tehran.
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CNN.com - Incoming House intelligence chief botches easy intel quiz. gg dems.
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Cox & Forkum: Then & Now
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TCS Daily - The Human Calculus of National Security (via).
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Tags: [Current Events, History]
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lgf: Poll: Americans Voted for Nothing in Particular.
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lgf: Cut and Run Party Will Push to Cut and Run.
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Reuters:
TEHRAN (Reuters) - Iran's Supreme Leader Ayatollah Ali Khamenei on Friday called U.S. President George W. Bush's defeat in congressional elections a victory for Iran.
Also see, LGF: Parties Across the Middle East
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Cox & Forkum: Give War A Chance.
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Dick Morris: The real Clinton emerges.
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Hot Air » Blog Archive » Bombshell: ABC independently confirms success of CIA “torture” tactics (via LGF). It appears that "torture" does work. Unless what he's saying is fabricated -- and I have no reason to believe that it's not legitimate -- it's a fact that these techniques work.
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Because I blogged about it so much back in the day (I'm going to go back tag all relevant posts with Valerie Plame), I'd like to quote some of the Washington Post's conclusion:
It follows that one of the most sensational charges leveled against the Bush White House -- that it orchestrated the leak of Ms. Plame's identity to ruin her career and thus punish Mr. Wilson -- is untrue. The partisan clamor that followed the raising of that allegation by Mr. Wilson in the summer of 2003 led to the appointment of a special prosecutor, a costly and prolonged investigation, and the indictment of Vice President Cheney's chief of staff, I. Lewis "Scooter" Libby, on charges of perjury. All of that might have been avoided had Mr. Armitage's identity been known three years ago.
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Nevertheless, it now appears that the person most responsible for the end of Ms. Plame's CIA career is Mr. Wilson. Mr. Wilson chose to go public with an explosive charge, claiming -- falsely, as it turned out -- that he had debunked reports of Iraqi uranium-shopping in Niger and that his report had circulated to senior administration officials. He ought to have expected that both those officials and journalists such as Mr. Novak would ask why a retired ambassador would have been sent on such a mission and that the answer would point to his wife. He diverted responsibility from himself and his false charges by claiming that President Bush's closest aides had engaged in an illegal conspiracy. It's unfortunate that so many people took him seriously.
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John Batchelor: Prelude to War (via).
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Tags: [Current Events, History]
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Plamegate's real liar:
But with his investigation all but over, prosecutor Patrick Fitzgerald has found no criminal conspiracy and no violations of the Intelligence Identities Protection Act, which makes it a crime in some circumstances to disclose the names of undercover CIA operatives. Among other problems, Plame doesn't seem to fit the act's definition of a "covert agent" — someone who "has within the last five years served outside the United States." By 2003, Plame had apparently been working in Langley, Va., for at least six years, which means that, mystery of mysteries, the vice president's chief of staff was indicted for covering up something that wasn't a crime.
To finish reading. Via Glenn Reynolds.
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Tags: [Valerie Plame]
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Gateway Pundit: Before Novak, The Joe Wilson Speech that Made Clear His Agenda, (via Glenn Reynolds). To finish reading.
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Friday, October 9, 2009
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