Tag: George W Bush

Obama votes present on the Somali pirates

After Barack Obama’s embrace of the troops in Iraq I was actually warming up to the guy, but now that his international bow and flagellate tour is interrupted by a hostage crisis on the high seas, his silence is shameful and embarrassing. There were more pirate attacks this time last year off the coast of Somalia, and yet it is now, for the first time in, what, centuries, that an American vessel has been hijacked by pirates in, what, centuries? The pirates want to see how weak we are, and I fear Barack Obama, with all the nuance he can muster, just may demonstrate exactly how far we can capitulate.

Today, for the first time in a long time, I missed George W Bush. Someone who wasn’t afraid to call an evildoer evil, and when hit in the mouth took the fight to terrorists. I have some problems with how the Iraq war has been handled, but during the Bush administration nobody wanted to hijack our boats and push us around to get paid.

What irks me most is it seems that Barack’s biggest problem is how the pirate’s are crimping his style.

Out of the mouths of babes

I got this in the inbox:

I asked my friend's little girl what she wanted to be when she grows up. She 
said she wanted to be President some day. 

Both of her parents, liberal Democrats, were standing there, so I asked her, 'If 
you were President what would be the first thing you would do?' 

She replied, 'I'd give food and houses to all the homeless people.' 

'Wow...what a worthy goal.' I told her, 'You don't have to wait until you're 
President to do that. You can come over to my house and mow, pull weeds, and 
sweep my yard, and I'll pay you $50. 
-Then I'll take you over to the grocery store where the homeless guy hangs out, 
and you can give him the $50 to use toward food and a new house.' 

She thought that over for a few seconds while her Mom glared at me, then she 
looked me straight in the eye and asked, 'Why doesn't the homeless guy come over 
and do the work, and you can just pay him the $50?' 

I said, ‘So you’re running as a Republican.’

Her folks still aren’t talking to me.

I would add something like, Goldwater Republican, or perhaps Reagan Republican. Definitely not a compassionate conservative, who would pay a Mexican $25 to pull weeds and invest the rest in a hedge fund through AIG.

Bailout Edutainment

Rather crude and not for kids.

Speaking of conflicts of interest, it should be noted that Paulson’s three immediate predecessors as CEO of Goldman Sachs — Jon Corzine, Stephen Friedman, and Robert Rubin — each left the company to become a U.S. Senator, chairman of the National Economic Council, and Treasury Secretary in the Clinton administration, respectively. If there isn’t a conspiracy theory website about this, somebody should really buy www.goldmansachsisinfiltratingthegovernment.com.

Also funny, Obama’s mental notes

An alternative to the bailout plan

As always here on Logipundit.com we want you to know that there is more than two ways to look at a subject, and that it occasionally might require us to use our imagination (and well…brains)  to come up with alternative solutions.

For instance, let’s imagine for a second that our Congress had authority over our economy…which if I’m not mistaken was the way our Constitution was originally intended.  Second, let’s pretend that whoever is in charge has FISCAL authority, and not simply MONETARY tools with which to manipulate our financial system.

And let’s further go down the yellow brick road and pretend that it might be a good idea to make our country even MORE economically competitive (and attractive to outside investment) by NOT trying to tax our producers to death.

If we were to live in this dream world, then the following article from NRO might represent an alternative to just forking out $700 BILLION of taxpayer money for Bureaucrats in Washington to have “tight controls” over our financial institutions:

Rep. Jeb Hensarling (R., Texas) chairs the Republican Study Committee, the congressional caucus of idea-driven, free-market stalwarts. These practicing Reaganites seem appalled to watch their GOP president morph before their eyes from GWB to LBJ to FDR. At a Capitol Hill press conference at high noon on Tuesday, Hensarling and a dozen RSC members expressed deep misgivings about Bush’s $700-billion baby. Preferring to drown it in the bathwater, Hensarling and his band of true believers rejected Bush’s collectivism and offered their own proposals for escaping this rubble — and returning America to a path of robust growth:

Give the capital-gains tax a two-year vacation. “Suspending capital gains taxes would bring as much as a trillion dollars of capital sitting on the sidelines back into the market,” Hensarling predicts. Also, as the Tax Foundation proposes, cutting America’s 35-percent corporate tax — the industrialized world’s second highest, after Japan’s — would boost U.S. global competitiveness. Since equity prices partially reflect long-term after-tax profits, lowering corporate levies should buoy stock markets.

Denationalize, then privatize Fannie and Freddie. “These troubled financial Frankensteins — created in a government laboratory — are not creatures of the free enterprise system,” Hensarling said. “We must ultimately take their monopoly powers away and return them to the marketplace.” Why not array Fannie’s and Freddie’s loans according to mortgage holders’ surnames? They then could be divided alphabetically into 26 units and auctioned off.

Waive “mark-to-market” accounting. As the Competitive Enterprise Institute’s John Berlau argues, when distressed mortgage-backed securities sell at bargain-basement prices, unhelpful new bookkeeping regulations require that similar instruments elsewhere — including viable loans — be valued at equally low prices. This needlessly stains balance sheets.

Strengthen the dollar. Bernanke should boost U.S. currency, not pose as America’s uber-stock broker. A strong dollar lowers inflation, cheapens oil, and soothes world markets.

Sounds crazy, people who profess to be proponents of Free Markets actually proposing alternative legislation to keep our markets free. As the article goes on to point out, nothing can be less imaginative than the Bush plan to simply buy “troubled assets.”

Meanwhile, as of a few hours ago, a bunch of “Bi-partisan” big government schmuckheads swore they were getting “close to a deal.”

Nothing scares me more than “Bi-partisanship” in today’s Congress. The next time I hear the terms “Bi-partisan” or “reach across the aisle,” I think there is not enough duct tape on the planet to keep my head from exploding.

Nancy Pelosi supports the Tibetan Buddhists

Great quote from Nancy Pelosi:

“If freedom loving people throughout the world do not speak out against China’s oppression and China and Tibet, we have lost all moral authority to speak on behalf of human rights anywhere in the world,” said Mrs. Pelosi, a Democrat.

I must give the good speaker credit when due.  I wouldn’t expect Denny Hastert to be visiting the Dalai Lama.  George W Bush, who has talked a good game about spreading democracy, has been much more ambivalent on his approach to China, and the upcoming olympic games.  For shame, Mr. President.  It is sad to see that on an issue of such importance he is outflanked on the right by Nancy Pelosi, of all people.