Friday, November 28, 2008

The More Right You Are, The Harder The Idiots Will Laugh At You

Peter Schiff understood the American economy. He predicted the burst of the real estate bubble almost two years before it happened. He extended his prediction to include credit when everybody was calling it a "minor blip" for the economy. And while he was warning America, America was laughing at him.

A little information on the man for those who don't know him:

Peter D. Schiff (born 1964) is the president of Euro Pacific Capital Inc., a brokerage firm based in Darien, Connecticut. Schiff adheres to the principles of the Austrian School of Economics and the Ludwig von Mises Institute. Schiff frequently appears as a guest on CNBC, Fox News, and Bloomberg Television and is quoted in major financial publications.

Schiff points to the low savings rates of the United States as its worst malady, citing the transformation from being the world's largest creditor nation in the '70s to the largest debtor nation at the turn of 2000. His extremely bearish views on the U.S. Dollar, the United States stock market, bond market, and the United States economy have earned him the nickname "Dr. Doom."

H/t Paul Hsieh

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Tuesday, November 18, 2008

How To Solve A Problem Like A Liberal

Hope and change, change and hope. Hugh Laurie helps us out by putting some meat on those bones. All we have to do to solve the world's problems is:

H/t Noodle Food

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Thursday, November 6, 2008

*Wink, Wink*: Gerard Kennedy Unsure About Entering Liberal Leadership Race

In a recent letter to his supporters, Gerard Kennedy expresses his paralyzing uncertainty about whether or not he should run for the Liberal leadership. He just isn't sure, you see, since all he really cares about is party unity. I mean, don't get him wrong, he'd be willing to take one for the team and run if that's what everybody wants. After all, as he is quick to remind everybody in an early paragraph of the letter, he is the hero who stole a seat from the NDP (in an historically Liberal downtown Toronto riding) in the last election. Well, he's just going to have to mull it over.

A choice section from the letter:

I have really been moved by the dozens of emails and phone calls I've received about the leadership. My supporters have not heard a great deal from me since the convention because I felt it was critical to put all of our efforts into supporting the Leader.

Leadership is not our only challenge. It is vital to ensure that the upcoming leadership contest does not impair either party unity or our ability to function well for the Canadian public in these times of economic urgency. Only then will our party will be able to gain back the full trust of Canadians, and defeat Stephen Harper.

I believe we need to ask ourselves the following questions:

Who can connect with and speak for the middle class, particularly in smaller cities and towns across Canada and in large Western cities?

Who can make people, first Liberals and then all Canadians, believe that renewal of the party - openness, effectiveness, meaningful grassroots engagement - will actually take place?

Who can articulate a powerful vision for tomorrow's economy?

Who can position Liberals again as the party of progress – the `radical centre' that is able to define the Canadian consensus about new ways to move the country forward?

Gee. I wonder who Mr. Kennedy thinks satisfies all of those conditions. I bet he'll feel a bit more sure once his supporters - the only ones he sent the letter to - slap him on the back and remind him how great he is.

Good thing the Liberal Party isn't desperate to avoid a large, expensive, and divisive leadership race. Otherwise, he might just find himself kind of unpopular come the convention.

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Hey, Remember When Paul Martin Was Quiet For Two Years?

Boy, that was nice.

So says Martin:

"China is a superpower, as is India, and they have got to be able to play on a level playing field with the other superpowers but it's very important to us that they do it because that's what's going to make the world work.

"And it's very important for us 33 million people to be involved with these massive markets and their huge economies and we should be doing a great deal more."

Always fun to get your opinion, Paul. Could you crawl back under your rock now, please?

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Not A Joke: Obama Spent $11 PER PERSON On His Campaign

... Compared to McCain's spending of $1.49 per person.

4-Block World paints the picture for us:

There has never been a campaign in U.S. history that has spent even close to this kind of money. I guess the night was historic in more ways than one, am I right Mr. Obama?

Now, I should caution, the number $700 million may be a bit inflated. I found the number $640 million in a bunch of articles but the contrast is startling either way.

H/t Fairly Conservative

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Well, Doncha Know, McCain Aides Are Just Gunnin' For The Barracuda, By Gosh

Since the old man's November 4th election loss, McCain staffers have started speaking out against Sarah Palin, accusing her of confusion over Africa's status as a continent and leaking stories painting her as a "hillbilly". I know, I'm shocked too. It isn't as if they've been subtly suggesting that if McCain lost it would be her fault for the last two weeks.

I'm not of the opinion that Palin is responsible for McCain's electoral defeat. He ran a weak campaign and he is a weak political character (to head off McCain supporters at the pass, that is to say a weak political character - I acknowledge the danger he has faced to defend his country and the quality of character that demonstrates).

Once McCain was nominated to lead the GOP, I essentially turned off the ideological side of my brain. My views were not well represented by either candidate for the American presidency. From a strategic standpoint, however, I was excited by the Palin choice. It was surprising - and who doesn't enjoy a plot twist? - and, more importantly, it seemed consistent with the spirit of the election period: change, change, change.

Now that I've turned on the ideological side of my brain again, however, I'm finding it extremely difficult to muster up an ounce of support for the so-called Barracuda. She represents the now-dominant side of the Republican Party that I evaluate to be the least conducive to pursuing policies with an eye towards liberty. She is socially conservative across the board, she could certainly benefit from purchasing "Economics For Dummies" from her local Indigo, and she fits very comfortably within the evangelical tradition of Republicanism.

If these were the reasons the McCain aides were gunning for Palin in the wake of the Republican election loss, I wouldn't have much problem with it. Unfortunately for them, it just looks bratty. The Republicans lost the election because many conservatives aren't too thrilled about a "maverick" running their divided and enfeebled party. Can you blame them?

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Wednesday, November 5, 2008

Harper Won't Push Obama To Visit The Great White North First

Does anybody else smell a fresh new angle for the Canadian left?

"Oh! Harper hates Obama and won't even set aside his scary hidden agenda to have a friendly meeting with The One, our closest ally, before he goes to stupid Mexico or something. Obviously, Harper is still the enemy of Hope and Change and Christmas and Puppies. Harper still equals Bush!"

Story from CTV:

Prime Minister Stephen Harper won't be pushing his newly elected American counterpart to make Canada his first foreign stop, a spokesman said Wednesday.

Kory Teneycke says Harper doesn't have to be best friends with Barack Obama to have a strong professional relationship with the president-elect.

After all that campaign talk about revisiting NAFTA, I'm not too jazzed about the guy popping over for a visit either. I don't blame the Prime Minister for wanting to put it off as long as possible.

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Harper Free To Be Conservative Now That Obama Takes The Reigns

What will Canadian politics look like now that the "Bush card" is off the table?


Stephen Harper equals ObamaHitler, Steve Harper is acting just like his good friend Barack Obama, Stephen Harper is walking in lockstep with Barack Obama and so on.

The Canadian left are now going to have to start coming up with new ideas to mock the prime minister and fear-monger Canadians. If Barack Obama was president during our recent federal election the Conservatives would have won a majority simply because Bush Derangement Syndrome wouldn't have had any play

Now that we've shuffled the Bush card back to the bottom of the deck, will the media choose to put the Obama card into play or will they suddenly feel remorse for the harsh treatment they showed the last president and urge unity in a time of crisis and division?

The Wall Street Journal:

Our failure to stand by the one person who continued to stand by us has not gone unnoticed by our enemies. It has shown to the world how disloyal we can be when our president needed loyalty — a shameful display of arrogance and weakness that will haunt this nation long after Mr. Bush has left the White House.

Whatever the case may be, I'm thinking Harper is going to have a lot more room to maneuver when it comes to pursuing a right-wing economic and foreign policy agenda.

Just ask Norman Spector.

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Shocker: California Outlaws Gay Marriage

With Arizona and Florida following suit.

A few thousand couples are waking up this morning mighty curious about whether their marriage is still valid. I guess we'll have to wait to hear from the courts for the final verdict.

I've always found it difficult to gauge just where most Canadian tories fall on the gay marriage issue. For the record, though, I'm glad I live in a country where citizens are free to do as they please. I support freedom in the economic realm when it comes to government action. For the same reasons and in the same way I support the laissez-faire approach in the social realm.

And, more importantly, how did this ever happen in a state containing Los Angeles and San Francisco? Come on, Cali, I thought you were cool.

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The Reason Obamaism Won't Last

As long as people like this exist, America will remain true to its spirit.


Mr. Obama,

Given the uproar about the simple question asked you by Joe the plumber, and the persecution that has been heaped on him because he dared to question you, I find myself motivated to say a few things to you myself. While Joe aspires to start a business someday, I already have started not one, but 4 businesses. But first, let me introduce myself. You can call me “Cory the well driller”. I am a 54 year old high school graduate. I didn’t go to college like you, I was too ready to go “conquer the world” when I finished high school. 25 years ago at age 29, I started my own water well drilling business at a time when the economy here in East Texas was in a tailspin from the crash of the early 80’s oil boom. I didn’t get any help from the government, nor did I look for any. I borrowed what I could from my sister, my uncle, and even the pawn shop and managed to scrape together a homemade drill rig and a few tools to do my first job. My businesses did not start as a result of privilege. They are the result of my personal drive, personal ambition, self discipline, self reliance, and a determination to treat my customers fairly. From the very start my business provided one other (than myself) East Texan a full time job. I couldn’t afford a backhoe the first few years (something every well drilling business had), so I and my helper had to dig the mud pits that are necessary for each and every job with hand shovels. I had to use my 10 year old, 1/2 ton pickup truck for my water tank truck (normally a job for at least a 2 ton truck).

A year and a half after I started the business, I scraped together a 20% down payment to get a modest bank loan and bought a (28 year) old, worn out, slightly bigger drilling rig to allow me to drill the deeper water wells in my area. I spent the next few years drilling wells with the rig while simultaneously rebuilding it between jobs. Through these years I never knew from one month to the next if I would have any work or be able to pay the bills. I got behind on my income taxes one year, and spent the next two years paying that back (with penalty and interest) while keeping up with ongoing taxes. I got behind on my water well supply bill 2 different years (way behind the second time… $80,000.00), and spent over a year paying it back (each time) while continuing to pay for ongoing supplies C.O.D.. Of course, the personal stress endured through these experiences and years is hard to measure. I do have a stent in my heart now to memorialize it all.

I spent the next 10 years developing the reputation for being the most competent and most honest water well driller in East Texas. 2 years along the way, I hired another full time employee for the drilling business so that we could provide full time water well pump service as well as the well drilling. Also, 3 years along the path, I bought a water well screen service machine from a friend, starting business # 2. 5 years later I made a business loan for $100,000.00 to build a new, higher production, computer controlled screen service machine. I had designed the machine myself, and it didn’t work out for 3 years so I had to make the loan payments without the benefit of any added income from the new machine. No government program was there to help me with the payments, or to help me sleep at night as I lay awake wondering how I would solve my machine problems or pay my bills. Finally, after 3 years, I got the screen machine working properly, and that provided another full time job for an East Texan in the screen service business.

2 years after that, I made another business loan, this time for $250,000.00, to buy another used drilling rig and all the support equipment needed to run another, larger, drill rig. This provided another 2 full time jobs for East Texans. Again, I spent a couple of years not knowing if I had made a smart move, or a move that would bankrupt me. For the third time in 13 years, I had placed everything I owned on the line, risking everything, in order to build a business.

A couple of years into this, I came up with a bright idea for a new kind of mud pump, a fundamentally necessary pump used on water well drill rigs. I spent my entire life savings to date (just $30,000.00), building a prototype of the pump and took it to the national water well convention to show it off. Customers immediately started coming out of the woodworks to buy the pumps, but there was a problem. I had depleted my assets making the prototype, and nobody would make me a business loan to start production of the new pumps. With several deposits for pump orders in hand, and nowhere to go, I finally started applying for as many credit card as I could find and took cash withdrawals on these cards to the tune of over $150,000.00 (including modest loans from my dear sister and brother), to get this 3rd business going.

Yes, once again, I had everything hanging over the line in an effort to start another business. I had never manufactured anything, and I had to design and bring into production a complex hydraulic machine from an untested prototype to a reliable production model (in six months). How many nights I lay awake wondering if I had just made the paramount mistake of my life I cannot tell you, but there were plenty. I managed to get the pumps into production, which immediately created another 2 full time jobs in East Texas. Some of the models in the first year suffered from quality issues due to the poor workmanship of one of my key suppliers, so I and an employee (another East Texan employed) had to drive across the country to repair customers’ pumps, practically from coast to coast. I stood behind the product, and made payments to all the credit cards that had financed me (and my brother and sister). I spent the next 5 years improving and refining the product, building a reputation for the pump and the company, working to get the pump into drill rig manufacturers’ product lines, and paying back credit cards. During all this time I continued to manage a growing water well business that was now operating 3 drill rig crews, and 2 well service crews. Also, the screen service business continued to grow. No government programs were there to help me, Mr. Obama, but that’s ok, I didn’t expect any, nor did I want any. I was too busy fighting to make success happen to sit around waiting for the government to help me.

Now, after manufacturing the mud pumps for 7 years, my combined businesses employ 32 full time employees, and distribute $5,000,000.00 annually through the local economy. Now, just 4 months ago I borrowed $1,254,000.00, purchasing computer controlled machining equipment to start my 4th business, a production machine shop. The machine shop will serve the mud pump company so that we can better manufacture our pumps that are being shipped worldwide. Of course, the machine shop will also do work for outside companies as well. This has already produced 2 more full time jobs, and 2 more should develop out of it in the next few months. This should work out, but if it doesn’t it will be because you, and the other professional politicians like yourself, will have destroyed our countrys’ (and the world) economy with your meddling with mortgage loan programs through your liberal manipulation and intimidation of loaning institutions to make sure that unqualified borrowers could get mortgages. You see, at the very time when I couldn’t get a business loan to get my mud pumps into production, you were working with Acorn and the Community Reinvestment Act programs to make sure that unqualified borrowers could buy homes with no down payment, and even no credit or worse yet, bad credit. Even the infamous, liberal, Ninja loans (No Income, No Job or Assets). While these unqualified borrowers were enjoying unrealistically low interest rates, I was paying 22% to 24% interest on the credit cards that I had used to provide me the funds for the mud pump business that has created jobs for more East Texans. It’s funny, because after 25 years of turning almost every dime of extra money back into my businesses to grow them, it has been only in the last two years that I have finally made enough money to be able to put a little away for retirement, and now the value of that has dropped 40% because of the policies you and your ilk have perpetrated on our country.

You see, Mr. Obama, I’m the guy you intend to raise taxes on. I’m the guy who has spent 25 years toiling and sweating, fretting and fighting, stressing and risking, to build a business and get ahead. I’m the guy who has been on the very edge of bankruptcy more than a dozen times over the last 25 years, and all the while creating more and more jobs for East Texans who didn’t want to take a risk, and would not demand from themselves what I have demanded from myself. I’m the guy you characterize as “the Americans who can afford it the most” that you believe should be taxed more to provide income redistribution “to spread the wealth” to those who have never toiled, sweated, fretted, fought, stressed, or risked anything. You want to characterize me as someone who has enjoyed a life of privilege and who needs to pay a higher percentage of my income than those who have bought into your entitlement culture. I resent you, Mr. Obama, as I resent all who want to use class warfare as a tool to advance their political career. What’s worse, each year more Americans buy into your liberal entitlement culture, and turn to the government for their hope of a better life instead of themselves. Liberals are succeeding through more than 40 years of collaborative effort between the predominant liberal media, and liberal indoctrination programs in the public school systems across our land.

What is so terribly sad about this is this. America was made great by people who embraced the one-time American culture of self reliance, self motivation, self determination, self discipline, personal betterment, hard work, risk taking. A culture built around the concept that success was in reach on every able bodied American who would strive for it. Each year that less Americans embrace that culture, we all descend together. We descend down the socialist path that has brought country after country ultimately to bitter and unremarkable states. If you and your liberal comrades in the media and school systems would spend half as much effort cultivating a culture of can-do across America as you do cultivating your entitlement culture, we could see Americans at large embracing the conviction that they can elevate themselves through personal betterment, personal achievement, and self reliance. You see, when people embrace such ideals, they act on them. When people act on such ideals, they succeed. All of America could find herself elevating instead of deteriorating. But that would eliminate the need for liberal politicians, wouldn’t it, Mr. Obama? The country would not need you if the country was convinced that problem solving was best left with individuals instead of the government. You and all your liberal comrades have got a vested interested in creating a dependent class in our country. It is the very business of liberals to create an ever expanding dependence on government. What’s remarkable is that you, who have never produced a job in your life, are going to tax me to take more of my money and give it to people who wouldn’t need my money if they would get off their entitlement mentality asses and apply themselves at work, demand more from themselves, and quit looking to liberal politicians to raise their station in life.

You see, I know because I’ve had them work for me before. Hundreds of them over these 25 years. People who simply will not show up to work on time. People who just will not work 5 days in a week, much less, 6 days. People always looking for a way to put less effort out. People who actually tell me that they would do more if I just would first pay them more. People who take off work to sit in government offices to apply to get free government handouts (gee, I wonder how things would have turned out for them if they had spent that time earning money and pleasing their employer?). You see, all of this comes from your entitlement mentality culture.

Oh, I know you will say I am uncompassionate. Sorry, Mr. Obama, wrong again. You see, I’ve seen what the average percentage of your income has been given to charities over the years of 2000 to 2004 (ignoring the years you started running for office - can you pronounce “politically motivated”), you averaged of less than 1% annually. And your running mate, Joe Biden, averaged less than ¼% of his annual income in charitable contributions over the last 10 years. Like so many liberals, the two of you want to give to the needy, just as long as it is someone else’s money you are giving to them. I won’t say what I have given to charities over the last 25 years, but the percentage is several times more than you or Joe Biden… combined (don’t you just hate google?). Tell me again how you feel my pain.

In short, Mr. Obama, your political philosophies represent everything that is wrong with our country. You represent the culture of government dependence instead of self reliance; Entitlement mentality instead of personal achievement; Penalization of the successful to reward the unmotivated; Political correctness instead of open mindedness and open debate. If you are successful, you may preside over the final transformation of America from being the greatest and most self-reliant culture on earth, to just another country of whiners and wimps, who sit around looking to the government to solve their problems. Like all of western Europe. All countries on the decline. All countries that, because of liberal socialistic mentalities, have a little less to offer mankind every year.

God help us…

Cory Miller
just a ordinary, extraordinary American, the way most Americans used to be.

P.S. Yes, Mr. Obama, I am a real American… meet me at: ; and:


Linked at Fairly Conservative

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Message To The GOP: No More McCain, No More Huck, A Lot More Reagan Please

John McCain is a war hero. Unfortunately, that about exhausts the characteristics that I can identify in his personality which made him a "great" pick for the party's leadership. If we're being honest, he was a profoundly mediocre candidate. He made a strategically interesting veep choice (and, for the record, I highly doubt a different choice would have produced a significantly different result) but his campaign was otherwise strategically ineffective. He focused on branding himself as The Maverick rather than exploiting the ample opportunity that the economic crisis presented him with from a policy standpoint. Most importantly, he failed to court the Americans that can be counted on to win you elections: the capitalists.

The Reagan Coalition is not dead; it's just dormant. There have been some important changes to the demographics - particularly the electoral play that social conservatism on the issues of abortion and gay marriage get - but not very many. A successful Republican Party will court the voters that have been active since Barry Goldwater's glorious (albeit ill-fated) campaign in 1964. The consequences of failing to do so are clear in last night's results.

I'm skeptical, however, about the chances of the GOP succeeding in saving their party in the short term. The McCains of the party (and, according to an unfortunate interview I saw yesterday, the Pawlentys) would tack to the center on economics and foreign policy and take the pragmatist approach. On the other hand, the Huckabees of the party would drag them further along the path towards an entirely religion-dominated platform. Neither of these models reflect the Reagan Coalition as it survives today. If the Republican Party wants to rebuild itself, if it truly has an interest in winning elections again, then it will drop the evangelical 'tude, tone it back on the social issues, and remember that Republicans used to be Capitalists, and that most Americans still are.

Four years of President Obama ought to be enough to remind the United States of the consequences of allowing the culture of entitlement to have free reign. While the moochers suckle on the teat of an expanding government, entrepreneurs and businessmen and women will fail because Obama is so eager to "spread the wealth".

This election was a wake-up call for the Republicans. Free markets, free people. This is what America wants. Why not give it back to them?

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