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

New Book, White House Burning, Reprises Old Keynesian Canards

U.S. Total Deficits vs. National Debt Increase...

On April 3 the book White House Burning, authored by two hard-core Keynesian economists and internationalists, will be released, and the noisy propaganda surrounding its publication has already begun in earnest.

According to the book store Barnes and Noble, which is discounting the $26.95 hardcover book to $17.96, though the national debt amounts to $30,000 for every individual in the country, the solution is easy: Stop treating debt as a moral issue and raise taxes. Says B and N, the authors “account for the debasement of our political system in the 1980’s and 1990’s (read: Reaganomics and the Laffer Curve), which produced today’s dysfunctional and impotent Congress.” But if something isn’t done soon,

The national debt will harm ordinary Americans by reducing the number of jobs, lowering living standards, increasing inequality, and forcing a sudden and drastic reduction in the government services we now take for granted….

They debunk the myth that such crucial programs as Social Security and Medicare must be slashed to the bone. White House Burning looks squarely at the burgeoning national debt and proposes to defuse the threat to our well-being without forcing struggling middle-class families and the elderly into poverty.

The authors, Simon Johnson (formerly the chief economist for the International Monetary Fund and now a professor at MIT) and James Kwak (associate law professor at the University of Connecticut and a fellow at Harvard Law), have based their book on a set of statist foundational principles about the role of government in a free society: More is better.

They explained in their introduction that when Alexander Hamilton, as Treasury Secretary, urged Congress to declare war on Great Britain in 1812, he put the responsibility for paying for it onto a reluctant Congress. Congress refused to raise taxes and the Treasury had to go begging to a private individual, Philadelphia banker Stephen Girard, to loan the money to pay for the war. This set the stage for the end of Hamilton’s Federalists (according to the authors) and the rise of Jefferson and Madison’s Democratic-Republican party. The authors then drew the parallels to today’s “dysfunctional” government, which is engaged in the same discussion: how to pay for

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New Evidence, More Questions in Florida Shooting Incident

Trayvon Martin Protest - Sanford

The shooting of Florida teen Trayvon Martin has drawn national attention to the incident with many commentators already drawing conclusions about guilt and innocence in the matter. New information and evidence in the case continues to feed the controversy.

According to CBS News, Martin had been suspended from school three separate times for offenses ranging from tardiness and truancy to vandalism. In fact, he was on a 10-day suspension from school at the time he was shot by George Zimmerman, captain of the local Neighborhood Watch team. Preliminary evidence indicates that Martin had violated his school’s zero tolerance drug rules.

New information about exactly what happened that evening was released by law enforcement officials to the Orlando Sentinel, which published the following late Monday evening: 

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Speech: Bernanke Fails at Transparency, Rails at Gold Standard

M6 - Money

When Federal Reserve Chairman Ben Bernanke donned his professorial cap and addressed 30 undergraduate students at George Washington University on Tuesday, he claimed it was all in the interest of transparency. According to the New York Times, “The Fed is concerned that it is neither loved nor understood by many Americans, and that public anger could lead to constraints on its powers.”

A close look at his actual presentation, augmented by slides, confirms his attempt to direct the students’ attention away from the Fed’s obvious dangers, faults, and failures and instead concentrate on its alleged virtues.

For example, his attack on the gold standard was filled with falsehoods and half-truths that failed to convince, only to confuse:

The gold standard as an alternative to a central bank: The gold standard sets the money supply and [the] price level generally with limited central bank intervention.

What the professor fails to state is that there is the gold standard and there is a paper standard that can only be enforced when a central bank is given a monopoly over what citizens may use as money. He fails to make clear that it’s the quantity of gold that “sets the money supply” and from that is derived the value of each piece, which is reflected in its purchasing power in the marketplace. It’s the citizen, freely accepting, using and exchanging gold for goods and services in the marketplace, who sets the price level. Buried in the comment “with limited central bank intervention” is the core of the problem: Bernanke doesn’t want people making those choices and decisions for themselves. Those decisions must be left to experts like

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Obama Economic Recovery Still Underwater

President Barack Obama signs the Tax Relief, U...

For proof that the Obama “recovery” remains unimpressive compared to previous recoveries, Cato Institute scholar Dan Mitchell gathered evidence from a number of sources to make his point.

President Obama promised that at this point in the recovery unemployment would be down to six percent, but it remains stubbornly above eight percent if one believes the government numbers. At least five million people who lost their jobs in the recession are still unemployed or underemployed. The number of Americans living below the poverty level has set a new record. Government spending is virtually out of control with annual deficits now admitted to be above $1 trillion for the foreseeable future. Higher taxes are coming unless the Bush tax cuts are somehow permitted to remain in force. And the housing market is still looking for a bottom.

But according to President Obama everything is coming up roses: More than three million jobs have been created in the past two years and the Dow Jones Industrial Average just exceeded 13,000, nearly doubling from under 7,000 in March 2009.

Thanks to the Minneapolis Federal Reserve’s interactive website, the Obama recovery can easily be compared to (and contrasted with) 10 previous recessions all the way back to 1948. Whether looking at jobs or at economic output, the performance under Obama has lagged behind each of the previous recoveries very significantly. As noted by Mitchell, “Under Obama’s policies…we’ve just barely gotten back to where we were when the recession began…[and] the jobs chart is probably even more discouraging…. [It] is still below where it started.”

On February 2, 2012, Phil Gramm and Mike Solon wrote in the Wall Street Journal:

Never before in postwar America has…employment still been lower four years after a recession began….

If in this recovery our economy had grown and generated jobs at the average rate achieved during the 10 previous postwar recessions…13.7 million more Americans would be working today….

President Ronald Reagan’s policies ignited a recovery so powerful that if it were being repeated today…some 16.9 million more Americans would have jobs.

The negative impact of the Obama administration’s policies is also evident when America’s economic performance is compared to that of

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NSA’s Spy Program “Stellar Wind” Exposed

MILSTAR: A communication satellite

The lead story in Wired magazine for April exposed the Stellar Wind program for its intended purpose: to spy on every jot and tittle of every American citizen’s life all the way down to his “pocket litter:” parking-lot stubs, receipts from McDonald’s, tickets from his haircut at Cost Cutters, as well as all the way up to the content of his every e-mail, every Google search, every telephone or cellphone conversation.

Stellar Wind is the code name for an effort approved by President George W. Bush following the September 11, 2001 attacks to mine a large database of communications of American citizens but which was allegedly terminated when Congress pushed back against it.

However, the National Security Agency, awash with funds provided by Congress, is nearly finished constructing its Utah Data Center as the collection point for data provided from around the country and around the world. Its purpose: “to intercept, decipher, analyze and store vast swaths of the world’s communications…[including] all forms of communication, including the complete contents of private emails, cell phone calls and Google searches.” In other words, according to James Bamford, author of The Shadow Factory: The Ultra-Secret NSA from 9/11 to the Eavesdropping on America, when the $2 billion facility (consisting of four 25,000 square-foot buildings full of computer servers and their air conditioning units plus a 900,000 square-foot building to house its technical and administration people) is completed in September, 2013,

virtually everything one communicates through any traceable medium, or any record of one’s existence in the electronic medium, which these days is everything, will…become the property of the US government to deal with as its sees fit.

William Binney, a former NSA crypto-mathematician who quit NSA after he realized it was openly and deliberately ignoring privacy limitations built into the Constitution, said in an interview with Bamford, holding his thumb and forefinger close together: “We are this far from a turnkey totalitarian state.”

Binney headed up a team that built the infrastructure to spy on everyone all the time and, at the time, recommended that NSA install its “tapping gear” only at the nation’s “landing sites”—physical locations where fiber optic cables come ashore—to limit its eavesdropping to international communications only and preserving Americans’ right to privacy. But NSA ignored Binney’s recommendation and instead decided to

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White House Shifts Legal Gears as ObamaCare Heads to Supreme Court

President Barack Obama and Vice President Joe ...

The pressure of the continuing countdown to Monday, March 26, when the Supreme Court takes on the challenge to ObamaCare, has forced legal advisors to the White House to change their strategy in hopes of successfully rebuffing it and preserving the Obama administration’s key legislative victory signed into law in March, 2010.

It’s all about the mandate and whether it can be sustained by claiming justification for it under a generous reading of the Commerce Clause (Article 1, Section 8, Clause 3) in the Constitution. Without that mandate, the administration claims that the rest of the law would necessarily fail due to its excessive costs. The Congressional Budget Office just reported that those costs would be double what the Obama administration touted in its cram-down of the law two years ago. And another CBO study said that, if implemented, millions of citizens—between 3 million and 20 million—would actually lose their present coverage, while public polls continue to show declining support for the whole idea of the federal government’s virtual takeover of the country’s health delivery system.

An ABC News/Washington Post poll taken in January showed that most of those polled think that ObamaCare, if implemented, will cost jobs, hurt the economy, and cost more than projected. Last week’s poll from the same source showed that two-thirds of those polled “say the U.S. Supreme Court should throw out either the individual mandate…or the law in its entirety.” According to the pollsters, “[T]he law has never earned majority support in ABC/Post polls—and this update…finds a strong sense its critics are dominating the debate. Seventy percent of Americans report hearing mainly negative things about the law…”

Another measure of the intensity surrounding the pending Supreme Court hearings (a record six hours are scheduled over three days next week) is the number of “amicus” or “friend of the court” briefs that have been submitted by parties who are interested in influencing the outcome of a lawsuit but who are not parties to it. Reuters reported that 136 briefs have been filed with the court (a stack about two feet high), a third more than

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Is Ryan’s Budget Plan Headed in the Right Direction?

WASHINGTON, DC - APRIL 05:  U.S. Rep. Paul Rya...

Rep. Paul Ryan (R-Wis.) announced on Tuesday the Republican budget plan to take into the election debate; it is in sharp contrast to the Obama administration’s budget announced last month. Two key differences stand out: reducing the number of income tax brackets from the current six to just two (10 percent and 25 percent), and cutting corporate income tax rates from 35 percent currently to 25 percent. The Obama administration wants to raise taxes instead.

There were other features to Ryan’s proposal, of course: vouchers for Medicare recipients, and spending cuts to balance the budget by the year 2040. And of course, Ryan’s bill has no chance of passage. Said Ryan: “We don’t expect to make law this year, but we expect to give the country an alternative choice for the future.” Ryan’s plan echoes proposals by Republican presidential candidates Rick Santorum and Mitt Romney, who also want to reduce and simplify the tax code, but is a far cry from the initial first-year $1 trillion cuts proposed by candidate Ron Paul (with a balanced budget in the second year of his first term).

The Heritage Foundation gave Ryan’s proposal an initial approval, saying that it largely met its own criteria for what needs to be done to rein in the government:

  • Does it cut spending sharply and quickly?
  • Does it begin decisive entitlement reform?
  • Does it avoid any tax hikes?
  • Does it ensure a strong national defense?
  • Does it contain pro-growth tax reforms?
  • Does it move swiftly and surely to a balanced budget?

No, says the Heritage Foundation, but it comes close: “It should be bolder in implementing entitlement reforms [and] it should strive for more aggressive

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Roger Stone, Former Nixon Hit Man, Now a Libertarian

2008 Libertarian National Convention

In a note to his readers on February 15th Roger Stone announced his resignation from the Republican Party, changing his voter registration to the Libertarian Party. A self-proclaimed “GOP hit-man,” Stone became involved in politics in his teens, working for President Nixon’s reelection campaign in 1972 (known as the Committee to Re-elect the President, or CREEP), serving as the National Director of Youth for Reagan in 1976 and then as the Young Republican National Chairman from 1977 to 1979. He worked for the Reagan presidential campaign in 1980 and in 1984 and then for Jack Kemp’s campaign for president in 1988.

In so doing Stone left behind a legacy of political dirty tricks and outrageous shenanigans that in some cases altered American political history. He was born with the ability to observe a situation and then see how to take advantage of it. In the first grade his first political trick was to support John F. Kennedy in his campaign against Nixon in 1960. He brags: “I remember going through the cafeteria line and telling every kid that Nixon was in favor of school on Saturdays. It was my first political trick.” When he ran for election as president of his high school senior class he said he “built alliances and put all my serious challengers on my ticket. Then I recruited the most unpopular guy in the school to run against me. You think that’s mean? No, it’s smart!”

He saw an opportunity for another trick during Nixon’s campaign in 1972. He adopted the name Jason Rainer and made contributions in the name of the Young Socialist Alliance to Pete McCloskey’s campaign (McCloskey was Nixon’s challenger in the primary). He then sent the receipt to the Manchester Union Leader to “prove” that McCloskey was in fact a left-wing stooge.

Later on Stone hired a GOP staffer, gave him the pseudonym Sedan Chair II, who wound up serving as George McGovern’s chauffeur creating in information pipeline directly to the Nixon campaign.

Perhaps the most outrageous, and historically important, of Stone’s tricks, known as the “Brooks Brothers riot,” took place in Miami-Dade County, Florida on November 21st, 2000, during the recount of ballots in the Presidential election. The Florida Supreme Court had just ruled in favor of Al Gore to allow a recount but it had to be completed by November 26th. Stone saw his opportunity to delay the recount until after the 26th by bringing in

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Amendment to End Energy Subsidies Fails in the Senate

Senator speaking at CPAC in .

Senator Jim DeMint (R-S.C.) introduced the Energy Freedom & Economic Prosperity Act (EFEPA) in February and then offered his bill as an amendment to the Transportation Bill last week. Had it passed it would have eliminated all energy tax credits not only for wind, solar, biomass and biofuels but for coal, oil and natural gas as well. Said DeMint:

Our tax code is riddled with loopholes for special interests and it’s time to end this corporate welfare that is hurting our economy. When Washington picks winners and losers in the energy market, those with the highest paid lobbyists win while the small businesses and taxpayers lose. We shouldn’t favor ethanol over hydrogen, nuclear over natural gas, or oil over renewables. The free market economy works when everyone competes on a level playing field and works to provide Americans with the best, lowest-cost products.

The original bill and the amendment were supported by a raft of free-market advocates including Americans for Prosperity, Club for Growth, Heritage Action and the National Taxpayers Union. In a letter to its members FreedomWorks urged them to pressure their senators to vote for the amendment, noting that “these subsidies have long distorted the market for new sources of energy by allocating funding to the technologies with the best lobbyists instead of those with the most value to consumers.”

According to the U.S. Energy Information Administration’s study of subsidies to the energy industry completed last July, the federal government in 2010 gave out $37 billion of taxpayer monies, more than double the amount given away in 2007. Biofuels received $6.6 billion, wind received $5 billion, solar and biomass each received $1.1 billion, coal received $1.3 billion while oil and gas received subsidies of

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Gas Prices Up, Obama Poll Numbers Down

$4.06 Gas Prices, Lewiston, Maine, Cumberland ...

As gasoline prices approach (and in some places exceed) $4 a gallon nationally, the president appears to be taking much of the blame with two recent polls showing sharp declines in support for his handling of the issue.

The latest Washington Post/ABC News poll now shows a record number of Americans giving the president “strongly” negative reviews on his handling of the economy. Nearly two-thirds of those polled say they disapprove of how he is handling gas prices compared to just 26 percent approving—his lowest rating by the poll. Specifically, 59 percent of those polled disapprove of his handling of the economy in general, a jump of 9 points in just one month and this despite the appearance of some signs of an improving economy. Most of the damage being done to Obama is among independents with 57 percent now disapproving, along with 66 percent of white non-college graduates disapproving as well.

The New York Times/CBS poll also showed the president losing 9 percentage points of approval during the past month, with 47 percent of those polled voicing their disapproval.

In a third poll by the Christian Science Monitor two-thirds of those polled say that the government should allow increased production from offshore wells and from shale deposits on federal lands as a way to increase supply to bring down prices. 54 percent favor drilling in the Arctic National Wildlife Refuge (ANWR) in Alaska, while 47 percent favor rolling back some environmental restrictions to help increase energy production. That poll also reflected expectations that the price of gas will exceed $4 a gallon nationally within the next three months and one-third of those polled are expecting $5 a gallon gas by summer.

The president’s response has been, as it has been since his election, to push for alternative energy resources such as renewables and wind. His recent decision to stop the Keystone XL Pipeline project reflects his commitment to raising prices on oil in order to make alternatives more attractive. His comment on Saturday’s weekly address that “We can’t just drill our way to lower gas prices,” reflects that ideology.

In North Dakota, however, that is precisely what is being done to increase oil production, with North Dakota on track to overtake

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White House Jobs Growth Celebration is Premature

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

White House announcements celebrating the jobs report from the Bureau of Labor Statistics (BLS) were optimistic: “Private sector employers added 233,000 jobs to their payrolls in February [which] means the economy has added jobs for 24 consecutive months…” This illustrates “the progress of the last two years and the importance of doing everything we can to continue strengthening our economy and creating jobs for the months and years ahead,” wrote Megan Slack on the White House blog. Alan Krueger, chairman of the Council of Economic Advisors, was equally enthusiastic:

Today’s employment report provides further evidence that the economy is continuing to heal…. It is critical that we continue the economic policies that are helping us dig our way out of the deep hole that was caused by the recession…

MarketWatch.com joined with the White House in its analysis of the numbers: “By almost every measure the employment picture has brightened considerably…”

Unfortunately both sources were reading from the top line of the BLS report. A closer look would likely have dampened their enthusiasm. From that report, 

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Allen Stanford’s Ponzi Scheme a Study on Regulatory Capture

Allen Stanford, former chairman of the Stanford Financial Group of Companies, was convicted on Tuesday on 13 counts of fraud, conspiracy, obstructing justice, violating U.S. securities laws—for operating a Ponzi scheme. Sentencing is scheduled for June, which could result in Stanford remaining behind bars for at least another 20 years.

The scheme, valued at $7 billion at its zenith, has only $300 million in various accounts. Another jury has just ruled these accounts may be seized for potential customer restitution.

The Ponzi scheme was elegantly simple. Stanford’s offshore bank in the British overseas territoryof Montserrat was closed down for “irregularities” in the mid-1980s so he moved it to Antig

English: Sailing in Antigua Deutsch: Segeln au...

ua where he ingratiated himself, using investors’ money, with the local government by lending it millions of dollars and building government administration offices and a hospital. Meanwhile his investors were fooled into thinking they were buying ultra-safe Certificates of Deposit paying above-market rates of interest. His influence went way beyond the local government, however, with regular, sometimes daily, flights of U.S. Senators and Congressmen coming to Antigua to partake of Stanford’s generosity and enjoy his lavish parties. As Mikeda Mikel, the owner of a private jet company in Antigua explained: “They were partying on yachts in an exclusive resort, and when you have US politicians supporting a man like Mr. Stanford on an island as small as Antigua…if you had any doubts before [about his honesty] they go out the window. America has sanctioned him [therefore] he’s good to go.”

By investing in regulatory “protection,” Stanford was able to live for years on his investors’ capital without being disturbed by annoying questions into how he could pay such generous dividends to his clients. As Gaston Browne, chairman of the Antigua Labour Party (ALP), which was in power during Sanford’s heyday, said: 

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Obama’s Birth Certificate a Forgery says “Cold Case Posse”

English: This is the long form birth certifica...

The “Cold Case Posse” of Maricopa County, Arizonahas concluded it has “probable cause” that the President’s birth certificate released by the White House last April is “a computer-generated” forgery.

Made up of three retirement law enforcement officers and two lawyers with law enforcement experience who were appointed by Sheriff Joe Arpaio back in September, the posse is privately funded through a non-profit organization. At its press conference on Thursday, the posse released five videos that explored in detail how the forgery was made. Additionally, the posse has identified “at least one person of interest” in the alleged forgery.

The posse interviewed dozens of witnesses, examined hundreds of documents, and took “numerous” sworn statements from witnesses “around the world.” The posse concluded, according to Mike Zullo, its lead investigator, that the State of Hawaii’s Department of Health has “engaged in a systematic effort to hide from public inspection any original 1961 birth records it may have in its possession.” He added:

Officers of the Hawaii Department of Health and various elected Hawaiian public officials may have intentionally obscured 1961 birth records and procedures to avoid having to release to public inspection and to the examination of court-authorized forensic examiners any original Obama 1961 birth records [that department] may have.

After the birth certificate released by the White House last April was analyzed, the posse reported that “the evidence contained in the computer-generated PDF file released by the White House as well as important deficiencies in the Hawaii process of certifying the long-form birth certificate establish probable cause that a forgery has been committed.”

Two crimes were committed, according to the posse. First, someone in the White House

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Feisty, Brash Andrew Breitbart, Conservative Lightning Rod, Dead at 43

Media personality Andrew Breitbart gives a spe...

Within minutes of posting his last tweet at 11:25 p.m. PST on Wednesday night, in which he apologized for calling one of his followers a “putz,” Andrew Breitbart was dead of an apparent heart attack at the age of 43. Most of Breitbart’s followers adored his energy, his brashness and his courage. Jonah Goldberg of National Review Online said “He was one of the most fearless people I ever knew.” Tucker Carlson of the Daily Caller agreed with Goldberg: Breitbart “was completely fearless…he thrived on the brawling.” Terry Moran of ABC News said “I’ll remember his enormous, brawling passion…” Rick Santorum added: “What a powerful force. What a huge loss.”

Ned Ryun, president of the American Majority and a personal friend of Breitbart, was thoughtful in his mourning:

The conservative movement has lost a powerful voice in the fight to protect our freedom. Andrew was a pioneer in using social media and digital technology to bring a courageous conservative message to America’s grassroots.

He did something many in the conservative movement are afraid to do — go right at the left and not back down. He served as an example to the rest of the conservative movement of how to fight for our values without apology or compromise.

In one brash moment Breitbart’s fearless and relentless personality was on display. Following his publishing of improper photos of former Congressman Anthony Weiner last May on his website, BigGovernment.com, Weiner was forced to appear at a press conference to confess. Breitbart was there and jumped in front of Weiner, grabbed the microphone and shouted:

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Obama’s Tax Plan Neither Simplifies Nor Reduces

Tax

President Obama’s tax plan announced yesterday claims to simplify the tax code and make it fairer. This being an election year it is more likely his proposal is designed to attract votes instead of Congressional approval.

His plan proposes to reduce the top corporate income tax rate from 35 to 28 percent in exchange for eliminating some “loopholes” placed in the tax code in the past to reward cronies, promote public policy and misdirect investment. But as Danielle Kurtzleben wrote, “How effective the proposal might be is a matter of perspective.”

If one is a tax attorney the tax plan could reduce his workload as a lower tax rate, if it worked, would reduce somewhat the incentive to find so-called tax shelters. It might cost less to pay the lower taxes than hire accountants to find ways around them. As Thomas Lys, professor of accounting at Northwestern, keeping tax rates where they are means that “We’re not better off, but lawyers and accountants are better off, because they make money on creating these monsters.”

If one owns a company that invests heavily in research and development, he will like Obama’s plan to expand some of his tax credits. And his plan to limit manufacturers from paying more than an effective rate of 25 percent will be music to those most likely to contribute big bucks to keep Obama in office.  Steven Schier, a political science professor at Carleton College, said “I really don’t think that a lot of businesspeople are going to be changing who they support based on Obama’s new proposal. But what it may do is…allow him to raise more money from people in the business community who are already sympathetic to him.”

His proposal to reduce corporate rates will likely be perceived as “pro-business,” offsetting his increasingly strident anti-capitalist behaviors over the last three years. As Schier put it, “This will position him better to make that spiel that he is not a wild

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Unemployment Up in February, Obama Reelection Chances Down

Ambassador Karl Eikenberry, left, and General ...

The U.S. unemployment rate jumped in February from 8.3 percent to 9.0 percent, according to Gallup. Gallup’s numbers are highly correlated to the same reports from the Bureau of Labor Statistics (BLS). The differences between the two are very slight: Gallup calls people age 18 and up; the BLS calls people age 16 and up. Gallup polls 30,000 people every month; the BLS polls 60,000. Gallup makes those calls continuously throughout the month; the BLS calls during one week in the middle of the month. Gallup’s numbers aren’t seasonally adjusted; the BLS numbers are.

Gallup also reported that those “underemployed”—working part-time but wanting full-time work—also increased, to 19 percent compared to January’s mid-month report of 18.1 percent. Said Gallup:

Regardless of what the government reports [on Friday, March 2nd], Gallup’s unemployment and underemployment measures show a sharp deterioration in job market conditions since mid-January…[these numbers are] consistent with an economy that continues to struggle with modest growth, particularly as gas prices surge. Further, it suggests that it is premature to assume the condition of the economy will not remain a major issue for Americans both financially and politically in 2012.

With total employment hovering around 130 million since 1999, it is clear that as soon as someone is hired, someone else is laid off. But stepping back, America’s total population has grown from 272 million 12 years ago to over 313 million today, a gain of 41 million people. So employment as a percentage of population has been decreasing, dropping from 67 percent to just over

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Geithner Ignores Subpoena to Testify in Lehman Bros. Case

Secretary of State Hillary Clinton and Treasur...

The creditors’ committee representing what’s left of Lehman Brothers asked bankruptcy Judge James Peck last week to force Timothy Geithner—currently Obama’s Treasury Secretary but President of the New York Fed at the time of the Lehman Brothers’ bankruptcy—to answer some questions. The original subpoena issued by the committee to Geithner to appear last August was ignored and so the committee appealed to Judge Peck.

The committee claims that Geithner played a pivotal role in Lehman’s collapse and may have “unique” knowledge about a last-minute transfer of some $8 billion out of Lehman to JPMorgan just before that collapse. Lehman is suing JPMorgan in an attempt to get that money back and Geithner’s testimony is crucial. Time is running out: The discovery period for the committee ends on March 16.

The committee claims that JPMorgan did a “last-second collateral grab” in order to save itself while inflicting fatal damage on Lehman at the same time. And Geithner was in on it. The week before the Lehman collapse Geithner made 35 phone calls to Lehman’s CEO Richard Fuld and another 10 calls to JPMorgan’s CEO Jamie Dimon, and at least some of those calls, said the committee, centered on those collateral demands. Therefore, the committee insists that Geithner should be required to reveal what those calls involved.

Geithner has remained silent; however, a spokesman for the Treasury Department, Anthony Coley, said he couldn’t understand what all the fuss is about: “Treasury and the Fed have provided

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Obamanomics, the State of the Union, and Reality

English: President Obama just about to deliver...

In his State of the Union address President Obama touted the “rebound” in the economy, taking credit for his administration’s policies in its recovery. He pointed to two years of job growth and the fastest job creation since 2005 but without putting such results in context.

Among the first to take umbrage at such omission was James Sherk, writing for the Heritage Foundation: “In normal economic times they [the results]would represent healthy growth, but in the aftermath of the worst recession in two generations they represent a historically slow recovery. New jobs have been created—but not nearly enough.”

This was echoed by the Congressional Budget Office (CBO) in its just-released study which noted, 

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The Clock is Ticking on Obama’s Eligibility

Barack Obama’s last California visit, Silicon ...

Attorney Van Irion of the Liberty Legal Foundation (LLF) filed an appeal to a Georgia superior court to review and overturn the decision by Georgia’s Secretary of State Brian Kemp to keep Barack Obama’s name on the state’s 2012 primary ballot. Irion claimed that Kemp’s decision was based on a faulty ruling by administration law Judge Michael Mahili who threw out testimonies presented by Irion and two other attorneys in a hearing on January 26th.

At issue is whether Obama is a “natural born citizen” as required under the Constitution to qualify to run for the office of president. Georgia law requires that “every candidate for federal office…shall meet the constitutional and statutory qualifications for holding [that] office…”

In his appeal Irion claimed that Mahili failed to follow procedures properly, and attempted to make a judgment on the facts presented rather than certifying them. Irion said that when he pressed Mahili for a response, Mahili stepped aside, saying that

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Ga. Court Rules Obama Eligible to Run; Appeal Slated

Barack Obama and Michelle Obama

Following the hearing on January 26, and after reviewing briefs presented on behalf of plaintiffs alleging that Barack Obama is not a “natural born citizen” under the Constitution and therefore ineligible to run for President in the state of Georgia, administrative hearing Judge Michael Malihi rejected those allegations.

He tossed the allegations presented by lawyer Orly Taitz that Obama fraudulently obtained social security numbers, forged his Hawaiian birth certificate, and did not “otherwise possess valid U.S. identification papers,” holding that the witnesses whom Taitz presented were neither “reliable” nor of any “probative” value (evidence that is useful to prove something important in a court of law), and found their “testimony…to be…wholly insufficient to support [Taitz’s] allegations.”

The judge had a little more trouble dispensing with the allegations brought by the Liberty Legal Foundation that Obama is not a natural born citizen under Article II, Section 1, Clause 5 of the U.S. Constitution. Noting that a proper definition of “natural born citizen” has been the source of much debate and at least two Supreme Court decisions, the judge finally decided that an Indiana Court of Appeals in 2009 had

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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.
Copyright © 2020 Bob Adelmann