Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Category Archives: Politics

Senator Tom Coburn’s Annual “Wastebook” Released

"Dr. Coburn and Senator Obama look over t...

Senator Tom Coburn (R-Okla.) introduced his annual report, “2011 Wastebook,” noting, “This report details 100 of the countless unnecessary, duplicative, or just plain stupid projects spread throughout the federal government and paid for with your tax dollars this year.” He added, “Over the past 12 months, Washington politicians argued, debated and lamented about how to reign [sic] in the federal government’s out of control spending. All the while, Washington was on a shopping binge, spending money we do not have on things we do not need, like the $6.9 billion worth of examples provided in this report.”

Of the 100 projects covered, three are especially egregious, and reflect the “spend spend spend” mentality prevalent in the halls of Congress. “The Super Bridge to Nowhere” in Alaska is one of two projected bridges which became notorious during the 2008 presidential campaign.

The Knik Arm Bridge is designed to connect residents in the southern part of the Matanuska/Susitna Valley, or “MatSu,” with Anchorage, which would save them an hour’s driving time each way. The bridge would be 2.7 miles long and cost between $650 and $700 million (some estimates are much  higher). The only problem is that there are very few residents living in MatSu, hence the bridge is named in Coburn’s report. Corburn complained, “At least $15.3 million was spent on the project this year alone. In total, more than $65 million in federal taxpayer money has been directed to various aspects of the project, including $57,390 for a 14-minute video, ‘The Knik Arm Crossing: Bridge to Our Future.’ ”

And $1 million of that money was spent just for staff salaries to promote the project. 

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“The Economist” Rewrites History

English: MARTIN LUTHER IN CHURCH OF MARTIN LUT...

In last Saturday’s print edition of The Economist magazine, staff writers attempted to compare today’s Internet with the publication of Martin Luther’s 95 Theses in 1517. Claiming that by nailing his complaints onto a bulletin board, Luther started the Reformation. This was done, according to The Economist’s rewriting of history, “when Martin Luther and his allies took the new media of their day—pamphlets, ballads and woodcuts—and circulated them through social networks to promote their message of religious reform.” From there the article concentrates on the alleged “social network” that Luther had to promote his views, rather than on the message—the information—contained in those views: 

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Bill of Rights Day: Celebration or Mourning?

English: The Bill of Rights, the first ten ame...

The Cato Institute’s newspaper ad reminding citizens that December 15th was Bill of Rights Day summarized the desperate shape those first ten amendments to the Constitution of the United States is in, thanks to an overweening government and an uninformed citizenry. Reviewing each of the amendments, Cato pointed  to specific infringements of each of them, concluding that “It’s a disturbing picture, to be sure, but not one the Framers of the Constitution would have found altogether surprising. They would sometimes refer to written constitutions as mere “parchment barriers” [to totalitarian government].

The erection of the original “parchment barrier,” the Bill of Rights, was initially considered unnecessary because the language of the Constitution explicitly enumerated limited powers to the newly created government and why should further protections against powers not even granted be needed? As “Brutus,” one of the authors of the Anti-Federalist Papers, wrote: 

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Trump Claims He was Blackmailed by Republicans

Donald Trump

Donald Trump’s announcement on YouTube on Tuesday night that he was cancelling the Republican presidential candidate debate scheduled for December 27 tried to pin the blame on the Republican Party. A lot of the candidates aren’t coming to his debate “because they think I’m going to run for political office, something I can’t do now…. But around the middle of May I’ll be able to do whatever I want and I could run as an Independent. The Republican Party doesn’t want me running as an Independent. So they’ve made this debate pretty impossible…”

Trump claims he wants to keep his options open just in case the Republicans pick the wrong person to run against President Obama: 

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MF Global Head Jon Corzine Denies Involvement

Jon_Corzine

In testifying yesterday before the House Committee on Agriculture, Jon Corzine, former head of failed MF Global—which took customers’ funds for its own use when it had financial difficulties because of risky investments—expressed repeatedly his grief over what went wrong with his company, and his sympathy for the “plight” of his customers who lost millions if not billions of their money with its downfall: “Their plight weighs on my mind every day — every hour. And as the chief executive officer of MF Global at the time of its bankruptcy, I apologize to all those affected.”

He then pleaded ignorance: “I was stunned when I was told on Sunday, October 30, 2011, that MF Global could not account for many hundreds of millions of dollars of client money. I remain deeply concerned about the impact that the unreconciled and frozen funds have had on MF Global’s customers and others.” Then Corzine tried to distance himself from the disaster, saying that since he wasn’t involved in the day-to-day operations on the trading floor, he really couldn’t explain how things got so desperately out of hand:

I did not, however, generally involve myself in the mechanics of the clearing and settlement of trades, or in the movement of cash and collateral. Nor was I an expert on the complicated rules and regulations governing the various different operating businesses that comprised MF Global. I had little expertise or experience in

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Harvard Professor Calls OWS Protesters “Inchoate”

#OWS 3,000 strong to defend wall street

After being asked about the walkout of a few of his students from his Economics 10 class on November 2, Harvard professor Greg Mankiw responded with an open letter in the New York Times. The walkout involved only about 30 or 40 of the 750 students who usually attend, he noted. In addition, some other students entered his class as a “counter protest,” and at least one of the original protesters returned to his class because he didn’t want to miss his lecture.

His biggest disappointment, he said, was “at how poorly informed the…protesters seemed to be. As with much of the Occupy movement across the country, their complaints seemed to me to be a grab bag of anti-establishment platitudes without much hard-headed analysis or clear policy prescriptions.” He allowed that perhaps the protesters “were motivated by an inchoate feeling that standard economic theory is inherently slanted.” (Emphasis added.)

“Inchoate” is defined as “imperfectly formed or formulated.” And indeed that is the proper descriptor of the Occupy Wall Street movement. From its de facto website one learns such “anti-establishment platitudes” as

OWS is fighting back against the corrosive power of major banks and multinational corporations over the democratic process, and the role of Wall Street in creating an economic collapse that has caused the greatest recession in generations…. [OWS] aims to fight back against

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Did Romney Make a Mistake in Turning Down Trump’s Debate?

Mitt Romney Steve Pearce event 057

Republican presidential candidate Mitt Romney declined Donald Trump’s invitation to participate in his December 27 debate, sponsored by Newsmax Media and ION TV in Des Moines, Iowa, saying “We [already] have two debates in December that I’ve agreed to participate in. The rest of the month will be spent campaigning.”

Trump was gracious in his response, saying: “It would seem logical to me that if I was substantially behind in the polls, especially in Iowa, South Carolina and Florida, I would want to participate in this debate. But I understand why Gov. Romney decided not to do it.”

But all Trump’s response did was to raise questions: Was Romney really that busy? Would his campaign benefit by his absence, appearing to be aloof and “above the fray” while his lessers battled between themselves? Did Romney want to put some distance between himself and Trump, as that relationship was appearing to be getting awfully cozy? Would Romney’s absence spell the death knell for the debate now that three of the contenders were planning to be campaigning elsewhere?

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Trump Called Out as “Reflexive Liar” on MSNBC

On MSNBC yesterday Donald Trump and the host of “The Daily Rundown,” Chuck Todd got into a shouting match about who was telling the truth. At issue was Todd’s reporting of polls of Iowa and New Hampshire voters showing that an endorsement by Trump would likely cause them not to vote for Trump’s candidate for president by nearly two-to-one. The video can be seen here:

Trump took issue with Todd’s claim that Trump had asked for a chance to respond to those polls, saying that MSNBC had first approached him: “Your people called my office about 40 times!” Todd backed off but persisted in soliciting Trump’s response to those polls. Trump dismissed them out of hand, calling them faulty, because “I have a huge following of people,” and besides he studied polls while a student at the Wharton School in Pennsylvania, implying that those polls lacked validity and credibility.

Later that day Trump appeared again on MSNBC’s “The Last Word” with Lawrence O’Donnell, a longtime critic of Trump. O’Donnell referred back to those same polls and asked if

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The Story Behind the Best- and Worst-Run States

Seal of Wyoming

In its second annual survey of the best- and worst-run states, 24/7 Wall St. noted some significant changes but the same message: “States can do a great deal to control their fate.”

The report noted:

Well-run states have a great deal in common with well-run corporations. Books are kept balanced. Investment is prudent. Debt is sustainable. Innovation is prized. Workers are well-chosen and well-trained. Executives, including elected and appointed officials, are retained based on merit and not politics.

Based on data collected from numerous sources such as Standard & Poor’s, the Bureau of Labor Statistics, the U.S. Census Bureau, and the Tax Foundation24/7 Wall St. then ranked each state on its performance in 10 categories. The study concluded that the best-run state was

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Newsmax Media’s Cozy Relationship with the Insiders

When Brandon Burgess, CEO of ION Television, named the producers of the upcoming Republican presidential debate being cosponsored by Newsmax, in Iowa on December 27, he was ebullient in his praise: “ION, Newsmax and Mr. Trump are committed to host a serious presidential forum which will include some of the most reputable journalists and media people in the country.” The debate will be produced by veterans of CNN, CBS, and NBC News.

Newsmax CEO Christopher Ruddy was no less enthusiastic: “With Donald Trump and the top-notch media and production team led by Eason Jordan [who was president of CNN’s news gathering for 23 years] we have organized, we expect that the Newsmax ION 2012 Presidential Debate will have the largest audience of any Republican primary debate to date.”

Those named to the production team reflect Ruddy’s long-standing and friendly relationship with the mainstream media, which goes all the way back to when Ruddy started Newsmax with money and significant help from Richard Mellon Scaife, heir to the Mellon banking interests and one of the 250 wealthiest individuals in the world. Scaife owns and publishes the Pittsburgh Tribune-Review, which has been criticized for 

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Institute for Justice Celebrates 20 Years of “Litigating for Liberty”

Institute for Justice

Economist and conservative commentator Don Boudreaux attended the opening of the Institute for Justice (IJ) on September 10, 1991, and thought to himself at that time that “it sounded like a good idea.” Looking back at what IJ has accomplished since then, Boudreaux says, “IJ’s success over the past two decades is nothing short of phenomenal.”

At the ceremony marking the beginning of IJ, co-founder Clint Bolick spelled out exactly what they intended to do, and recognized the enormous changes in the way of their doing it. IJ is going to be focused, he said, on “removing barriers to opportunity and helping low-income people earn their share of the American Dream.” For instance:

Little Devon Williams, who was able to escape the cesspool of the Milwaukee Public Schools and instead get a good education in an excellent neighborhood private school, thanks to

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Paul Keeps His Honor, Rejects Trump’s Debate Invitation

Donald Trump

When Christopher Ruddy, CEO of Newsmax Media, decided to team up with Donald Trump by asking him to moderate Newsmax’s upcoming Republican presidential debate in Des Moines, Iowa, on Tuesday, December 27, he explained: “Our readers and the grass roots really love Trump. They may not agree with him on everything, but they don’t see him as owned by the Washington establishment [or] the media establishment.”

The timing for the debate appeared to be perfect, coming just a week before the Iowa caucuses. Ruddy no doubt was counting on the debate to increase Newsmax’s influence among its conservative supporters, hoping to build on its already-significant web traffic. Invitations went out to the Republican presidential candidates on Friday afternoon.

It didn’t take Ron Paul’s campaign manager, Jesse Benton, long to respond. On Saturday morning, he issued the following statement

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Forbes: Rich Nations Go Broke by Overpromising and Overspending

Russian coins in ice castle

Cato Institute senior fellow Jim Powell wrote in Forbes magazine about the inevitable and predictable decline of rich nations that debauched their currencies in order to pay their bills. Powell said that politicians’ urge to promise and then to spend is almost overwhelming, calling it “a visceral urge to spend money they don’t have. They can’t control themselves. They’ll weasel their way around any efforts to put the lid on the cookie jar.”

The Roman Empire was on a gold standard, minting and using the aureus from the 3rd century B.C. until the 4th century A.D. The aureus initially contained 10.9 grams of gold, which was worth about 25 denarii, or about a month’s wages. As the empire devolved into promising more and more services (grain subsidies, public entertainment, and a huge bureaucracy and military establishment) it soon exceeded revenues generated through taxation. To make up for the difference, the aureus was steadily debased so that by 50 B.C. it contained 9.09 grams of gold, 8.18 grams by 46 B.C., 7.27 grams by 60 A.D., 6.55 grams by 214 A.D., 5.45 grams by the year 292, 4.54 grams in 312, and 3.29 grams by 367.

Paper money was more easily debased, as the Chinese discovered. Powell noted that seven different Chinese dynasties issued paper money to pay their bills and all of them eventually collapsed or were

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Black Friday Redux: Cornell Professor Wants to Tax Black Friday Away

Black Friday shoppers at Walmart

On the lookout for perceived injustices in the marketplace, Cornell University professor Robert Frank decided that Black Friday needed his attention and wrote in the New York Times about just what was needed: more taxes to discourage unreasonable behavior.

His first complaint was about the unreasonable hours that stores were opening in an effort to respond to consumer demand: “For many years, stores opened at reasonable hours. Then, some started opening at 5 a.m., prompting complaints from employees about having to go to sleep early on Thanksgiving and miss out on time with their families. But retailers ignored those complaints, because their earlier start time proved so successful in luring customers away from rival outlets.”

He then iterated the now-familiar theme of major retailers opening earlier and earlier, also in response to consumer demand. He said it was thoughtless of those greedy merchants to

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Smackdown: Green Jobs vs. Real Jobs

English: Wind Turbine

The Wall Street Journal virtually called the Obama administration’s efforts to create “green” jobs a joke, decrying the President’s efforts to jump-start the economy with them as mere “conjuring” and suggesting instead that he drop his “ideological illusions” and face reality.

The reality is that no matter how much of other people’s money the President throws at the “clean” renewable alternative energy sector to force it to generate jobs, his efforts have been an abysmal failure. The name Solyndra is now synonymous with “loser” and the Washington Post reported last month that Obama’s green loan program of $38 billion has created just 3,500 jobs in two years instead of the 65,000 anticipated by the White House.

Instead, real jobs are being created in the real energy industry—in Pennsylvania, North Dakota, Texas, Louisiana, and Oklahoma. In the first six months of this year,

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Latest Economic Surveys Show Little Optimism

South façade of the White House, the executive...

The Republican Small Business Committee reported on November 8 that small-business optimism “remains extremely low,” and that business owners “simply are not hiring because they are pessimistic about consumer sales, the nation’s economic climate, and the amount of regulations to comply with.” Committee Chairman Sam Graves (R-Mo.) added, “The overall mood of the nation’s job creators is still at historic lows. The [Optimism Index of the National Federation of Independent Business] shows that over the next three months, only 9 percent of small business owners plan to increase employment [while] 12 percent plan to lay off workers. These numbers are…worse than the previous two months.”

NFIB’s Optimism Index has shown precious little change going back to January of 2009 and is matched by the University of Michigan’s Consumer Sentiment Index, which noted that “more households reported that their finances had worsened rather than improved for the 48th consecutive month [and that] just

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Market Economy Now a Game of Russian Roulette

Russian Roulette (game show)

Four of MF Global’s former clients have made public their experiences with the failed financial derivatives broker, each of them losing their money and two of them their businesses as a result of MF Global’s bankruptcy.

One, a commodity trading advisor who wishes to remain anonymous, described her experience when she first learned that MF Global was in trouble:

At first, as I heard, I was quite relaxed because I thought we’ve been through this a number of times in the industry. Usually the client has the opportunity to move [her] accounts—it just gets moved. [But] I knew on Monday something was fishy when they turned off my terminal…. Later in the day when [my] funds were frozen—that had never happened before. And then I knew that we were in trouble, because things were not happening in the way they were supposed to happen…. This was unprecedented.

Not only did she lose $100,000 of her own money, she lost her business as well, with three of her major European clients telling her that they never

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Options After the Supercommittee Failure

Newly Released Superman Returns Logo

Barring a miracle, the Supercommittee will announce Monday morning its failure at coming up with legislation to reduce the projected combined federal budget deficits over 10 years by $1.2 trillion, or $120 billion per year, starting in January 2013. Without enactment of these cuts, under the Budget Control Act the automatic option, called a sequester, will kick in, with $600 billion of the $1.22 trillion in cuts coming from defense spending. Social Security, Medicaid, and other low-income programs are exempt from the cuts, and cuts to Medicare would be modest.

Of course, there is the slim possiblity that the Supercommittee could come up with the cuts, in which case Congress would be expected to vote the legislation up or down without amendment. There are other possibilities too. The Supercommittee could “split the baby” and come up with a bipartisan deal that cuts less than the $1.2 trillion, leaving Congress to find the balance before the automatic cuts kick in. The Supercommittee could even hand Congress a package that includes tax increases as well as spending cuts.

But as of this writing, these possibilities appear unlikely. What appears more likely to happen is that, following a failure of the Supercommittee to present a bill, Congress will

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New York Times Distracts from the Real European Story

German Logo of the ECB.

Thursday’s article in The New York Times by writers Jack Ewing and Nicholas Kulish about the “rift” between factions over the role of the European Central Bank (ECB) was a distraction and misdirected attention from what is really happening there. The piece makes it sound as though the ECB is standing firm against pressures to have it buy up the debt from Greece and Italy in order to keep the debt “contagion” from spreading elsewhere.

For instance, the article quotes Spain’s Prime Minister, Jose Luis Rodriguez Zapatero, as saying that he expected the ECB to do whatever was necessary, for “this is what we transferred power for…[to] defend the common policy and its countries.” Of course Zapatero would have to say that or he would be gone, just as unelected bankers replaced elected leaders in Greece and Italy. Just a reminder as to who is in charge was reflected by the recent rise in Spain’s borrowing costs, the highest since 1997, and exceeding the “default” level of 7 percent on its 10-year bond. But nothing was said in the article that Zapatero’s comments reflected a desire to save his skin.

In fact the ECB has been taking an active role economically and politically by buying up the debt of those countries in massive amounts, already in excess of $250 billion, and manipulating interest rates to favor the newly installed rulers Mario Monti in Italy and Lucas Papademos in Greece. But authors Ewing and Kulish prefer to present the ECB as being run by “fiercely conservative stewards” who have “steadfastly resisted letting it take up the mantle of lender of last resort.” And to support that falsehood the authors enlisted the help of

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Germany’s Merkel Yields More Sovereignty to the EU

EPP Summit Helsinki 4 March 2011

At a joint briefing on Wednesday with Irish Prime Minister Enda Kenny, German Chancellor Angela Merkel announced the next step towards the creation of the supra-national European state: “Germany sees the need…to show the markets and the world public that the euro will remain together, that the euro must be defended, but also that we are prepared to give up a little bit of national sovereignty…” It must be done, she said, so that the euro is “strong and inspires confidence on international markets.”

This could be done through changes in the Lisbon Treaty that comprises the basis for the European Union, or more likely through the signing into law the European Stability Mechanism (ESM) by December 31, 2012. Merkel explained that, either way, this would allow for “an intervention and oversight role in respect of the preparation of national budgets…” among the member states.

This would represent the culmination of more than 60 years of efforts by the Bilderberg Group with the help of the Council on Foreign Relations (CFR), David Rockefeller, and funding of the effort by the Ford and Rockefeller foundations. Joseph Retinger, one of the founders of the Bilderberg Group in 1954, was also one of the principal architects of the European Common Market. As early as 1946, in a speech to the Royal Institute of International Affairs (RIIA), the British counterpart of the CFR, Retinger said that Europe needed to create a federal union and that it would be necessary for the European countries to “relinquish part of their national sovereignty” to secure it. As noted by Andrew Gavin Marshall, research associate for the Centre for Research on Globalization, the effort to create the dictatorship of Europe goes back many years and is the creation of many hands: 

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.