Tag Archives: law

GM Bailout Cost Taxpayers far more than just $11 Billion

Friday, 02 May 2014 07:34

General Motors HydroGen4

General Motors HydroGen4 (Photo credit: Wikipedia)

The Detroit Free Press’ announcement on Wednesday that taxpayers lost more on the General Motors bailout in 2009 than originally thought was brief, to the point, and missed most of the real story behind the GM bailout. Taxpayers lost $11.2 billion following the government’s sale of the last of the stock it held in GM following the company’s government-assisted bankruptcy and restructuring, according to the announcement.

The key quote from a Treasury spokesman, however, was revealing. Said Adam Hodge:

The goal of Treasury’s investment in GM was never to make a profit, but to help save the American auto industry, and by any measure that effort was successful.

Not if one was a bondholder in GM. Not if one believed that

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Connecticut Raises its Minimum Wage to $10.10 an Hour

Friday, 28 March 2014 11:24

Governor's Agreement With State Employees

Governor’s Agreement With State Employees (Photo credit: CT Senate Democrats)

In a remarkable display of hubris and economic ignorance, Connecticut Governor Dannel Malloy proudly announced on Thursday that his state is the first to raise the minimum wage to $10.10 an hour:

This is just a step in moving people in the right direction.

We will be lifting people out of poverty in the state of Connecticut. Increasing the minimum wage is not just good for workers, it’s also good for business.

What the new law will really do as it is phased in over the next three years is

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Anti-Gun California State Senator Charged with Gun Trafficking

Thursday, 27 March 2014 12:47

English: Leland Yee, Member of the California ...

Leland Yee, Member of the California State Senate from the 8th district (Photo credit: Wikipedia)

In a move that surprised nearly everyone who knew him, California State Senator Leland Yee was arrested by the FBI on Wednesday on felony charges ranging from gun trafficking to soliciting illegal campaign contributions in exchange for political favors. At about the time he was released on a $500,000 bond the State Senate’s President pro Tem Darrell Steinberg called for Yee to resign or else be suspended. Steinberg also

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NRA Warns of Potential Breakdown of Law in Connecticut

Monday, 10 March 2014 05:39

On Friday the National Rifle Association’s Institute for Legislative Action (NRA-ILA) published an update on the situation in Connecticut, claiming that confused answers to pointed questions about how the state will respond to gun owners who haven’t registered their now-illegal “assault” weapons and magazines, risks turning the rule of law in Connecticut into

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Gun makers stop selling guns in California thanks to the new microstamping law

Monday, 27 January 2014 06:30

Following Sturm, Ruger’s announcement last month that it would no longer be selling its semi-automatic handguns to California residents because of the state’s new microstamping law, Smith & Wesson announced on Wednesday, January 22, that it was following suit. From its press release, the company said:

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Plastic Water Bottle Ban Proposed for San Francisco

Saturday, 21 December 2013 07:01

The popular three-term President of the San Francisco Board of Supervisors, David Chiu, unveiled his proposal on Tuesday which would ban the sale of plastic water bottles on city property. Initially the ban would only apply to sites where there are already alternative water sources like drinking fountains, but would eventually apply to all events on San Francisco property. By 2016 the ban would also apply to outside vendors as well.

Said Chiu:

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First anniversary of Newtown shooting punctuated by anti-gun protests

Saturday, 14 December 2013 11:02

On Saturday, the first anniversary of the ghastly unprovoked attack on innocents at the Sandy Hook Elementary School in Newtown, Connecticut, last year, anti-gun rallies are being held in 35 states in an attempt to energize the push for more gun controls. Shannon Watts, the founder of Moms Demand Action for Gun Sense in America which will be ringing bells across the land in its “Silence No More” memorial rallies, said:

Moms won’t be silent anymore. Something changed after Sandy Hook. We can’t unring the bell, and we will be heard.

This is not the America I want for my children.

At the moment Watts’ efforts are being challenged by a rising tide of resistance. In April President Obama was visibly angry over

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Millions More to Lose Coverage under Obamacare

Thursday, 21 November 2013 11:17

The uproar from the estimated 4 ½ million Americans whose individual health insurance policies are being terminated thanks to Obamacare will pale into insignificance once the additional estimated 50 to 100 million workers covered under health plans at work discover that

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Mexican citizens are forming self-defense groups against drug cartels

Tuesday, 12 November 2013 12:31

Exasperated at failed attempts by the Mexican government to neutralize the drug cartel that virtually owns the Michoacán state and especially its principal city, Apatzingán, farmers and lime growers and other citizens are banding together into fuerzas autodefensas – self-defense forces – to accomplish the task.

Recruiting for those forces has accelerated thanks to

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Complaints about Obamacare Rollout Glitches are Merely a Smokescreen

Saturday, 26 October 2013 07:13

This article was first published at The McAlvany Intelligence Advisor on Friday, October 25th, 2013:

The complaints, charges, accusations, finger-pointing, and back-pedaling associated with the stumbling start of Obamacare are real and accelerating. They are also irrelevant, and a smokescreen hiding the real underlying problems with Obamacare itself.

Late night comedians are mining this disaster for all it’s worth. They have struck gold, and they are permanently damaging Obamacare’s image, and along with it

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Supreme Court’s Docket Full of Potential Mischief

Tuesday, 08 October 2013 12:06

As the Supreme Court opens its review of pending cases this week, there is substantial risk of constitutional mischief in many of them. The court will be ruling on

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More Americans Say Country is Headed in the Wrong Direction

Monday, 30 September 2013 06:28

Last week’s poll from Bloomberg show that 68 percent of Americans – two out of every three – say that the country is heading in the wrong direction, the most in two years and a substantial increase just since the first of the year. In addition, it appears that more Americans are blaming President Obama as the cause,

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District Court Judge Rules New York City’s “stop and frisk” policy is unconstitutional

Tuesday, 13 August 2013 08:55

In District Court Judge Shira Scheindlin’s ruling in Floyd v. The City of New York on Monday, there was both good news and bad news. The good news is that Mayor Michael Bloomberg’s policy, with the enthusiastic cooperation of his police commissioner Ray Kelly, violates both the Fourth and the Fourteenth Amendments to the United States Constitution. The bad news is that,

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Surveillance State to be Extended Nationally if NYPD Commissioner Raymond Kelly Replaces Napolitano at DHS

Wednesday, 17 July 2013 13:00

This article first appeared at The McAlvany Intelligence Advisor on Wednesday, July 17th, 2013:

Although President Obama says he has many strong candidates to replace Janet Napolitano as secretary of the Department of Homeland Security, it’s clear that NYPD Commissioner Raymond Kelly has the inside track. If Obama is determined to complete building the surveillance state nationally, Kelly is just the man

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Attorney General Holder wants to “question” States’ Stand Your Ground Laws

Wednesday, 17 July 2013 12:25

When Attorney General told his audience at the NAACP’s annual convention on Tuesday that “it’s time to question laws that senselessly expand the concept of self-defense and sow dangerous conflict in our neighborhoods,” he was either ignorant of, or didn’t want to consider,

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NYPD Commissioner Ray Kelly on Inside Track to replace DHS Napolitano

Monday, 15 July 2013 16:41

Within hours of Janet Napolitano’s announcement of her resignation as Secretary of the Department of Homeland Security names of people to replace her surfaced, but none with the credentials of NYPD Commission Raymond Kelly. Or the political connections. Said Senator Charles Schumer:

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When to shoot a burglar, and when not to

Thursday, 27 June 2013 06:41

This story teaches a useful lesson: shoot to end the threat and for no other reason.

“Mr. Tony” as he is called by his friends and neighbors, came home on Sunday afternoon to discover a teen-age thug taking items from his home and stuffing them into the back of his car. “Mr. Tony” DiSanto, age 84, shouted at the thug to stop. When the thug continued, DiSanto went into his home and got his gun and confronted the man. Here’s what happened, according to a neighbor who saw the whole thing:

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