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Climate of Hate

Sheriff Dupnik in Arizona says:

“The kind of rhetoric that flows from people like Rush Limbaugh, in my judgment he is irresponsible, uses partial information, sometimes wrong information,” Pima County Sheriff Clarence Dupnik said today.

“[Limbaugh] attacks people, angers them against government, angers them against elected officials and that kind of behavior in my opinion is not without consequences.”

http://abcnews.go.com/CleanPrint/cleanprintproxy.aspx?1294755126375

So…..lets look at who it is that has created this climate of hate:

http://michellemalkin.com/2011/01/10/the-progressive-climate-of-hate-an-illustrated-primer-2000-2010/

Regards,

Steamboat Jack (my evil twin)

An article in the UK Guardian.  You have to make allowances as the Guardian is a rabidly left-wing paper with a Hate America agenda.  However, once you take that into account, this is an interesting column.  It makes the case very well that GW was telling the truth!

http://www.guardian.co.uk/world/2011/jan/07/iraq-weapons-factory-al-qaida-us-failure?showallcomments=true#comment-fold

Ask yourself:  “Self, did you believe the liberal mantra of “Bush Lied and People Died”?  If so, “yourself” was snookered again!

Regards,

Steamboat Jack

Alice laughed. “There’s no use trying,” she said: “one can’t believe impossible things.”

“I daresay you haven’t had much practice,” said the Queen. “When I was your age, I always did it for half-an-hour a day. Why, sometimes I’ve believed as many as six impossible things before breakfast.”

(Through the Looking Glass, Chapter 5)

*****

And then you ask yourself:
“Self, how many impossible things do you believe?”

************

http://edition.cnn.com/2011/HEALTH/01/05/autism.vaccines/index.html?hpt=T1&iref=BN1

Tks to http://www.barcepundit-english.blogspot.com/

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http://wattsupwiththat.com/2011/01/09/monckton-skewers-steketee/#comment-569667

******

http://opinion.financialpost.com/2011/01/03/lawrence-solomon-97-cooked-stats/

****

http://wattsupwiththat.com/2011/01/08/new-rate-of-stratospheric-photolysis-questions-ozone-hole/

*******

And then you say to yourself:

“Self, you didn’t make this stuff up.  Who convinced you to believe these impossible things?”

The real question for yourself is:

“If certain individuals caused YOU to believe so many things that are “impossible” why in the world would you trust them about ANYTHING? Wouldn’t trusting them again be really, really stupid?”

Regards,

Steamboat Jack

Wikileaks revisited

While the Pundits babble on, here is an alternate perspective on Wikileaks.

From:  http://www.strategypage.com/

Regards,

Steamboat Jack (my evil twin)

***********************************

INFORMATION WARFARE:  Why Wikileaks Backfired

December 6, 2010:
Wikileaks obtained hundreds of thousands of secret American military and diplomatic documents from a U.S. soldier (PFC Bradley Manning) who worked in intelligence. As such, Manning had a security clearance and access to SIPRNet (Secret Internet Protocol Router Network). This was a private Department of Defense network established in 1991, using Internet technology and able to handle classified (secret) documents. But Manning got access to a computer with a writable CD drive, and was able to copy all those classified documents to a CD (marked as containing Lady Gaga tracks) and walk out of his workplace with it. The big error here was having PCs available with writable media (USB ports, diskettes, printers or writable CD drives).

You need some PCs with these devices, but they should be few, and carefully monitored. Normally, you would not need to copy anything off SIPRNet. Most of the time, if you want to share something, it’s with someone else on SIPRNet, so you can just email it to them, or tell them what it is so they can call it up themselves. A network like SIPRNet usually (in many corporations, and some government agencies) has software that monitors who accesses, and copies, documents, and reports any action that meets certain standards (of possibly being harmful). SIPRNet did not have these controls in place.

Diplomatic messages, at least some of the lower level classified stuff, was put on SIPRNet by a  presidential directive that sought to get other departments sharing relevant data with military intelligence. This was to avoid the kind of bad communications that made possible the September 11, 2001 attacks. Before then, even though some American government agencies had prior information on the attackers, no one made the connection. Unless all this information is collected together to make it obvious what is going on, the attackers will go undetected until it is too late. As a result of the Manning leak, the State Department withdrew access to its material by SIPRNet.

In the last nine years, SIPRNet became extremely active, and what controls there were on the network were strained to the point that you could do just about anything. This sharing of information was very helpful in fighting Islamic terrorists. Yet, with 2.5 million troops and civilians having access to SIPRNet, there were very few leaks. All it takes is one person, though. For three years, Manning was a one man SIPRNet crime wave. He is now in jail, facing life in prison.

The leaked documents were meant (according to the Wikileaks leader) to embarrass the United States and expose American hypocrisy and underhanded operations, but the result was quite the opposite. The U.S. was shown trying to do what it said, publicly, that it was trying to do. But many other nations were shown to be quite different in their private conversations, than in their public ones. Some of these leaders now claim that they were misquoted, or that Wikileaks documents were a fabrication. It was initially believed that the released documents would make foreign officials more reluctant about speaking frankly with American officials. Didn’t happen. Those conversations take place mainly because everyone wants something from the United States, and unless you establish a relationship with American diplomats or officials, nothing will happen. Moreover, many foreign officials found the revelations useful, as the leaks got out into the open things (like Arab relationships with Iran and Israel) that could not be discussed openly at home. For the most part, Wikileaks confirmed what was already known, something the Wikileaks crew assumed could not be true.

Alfie and QE2

In this case QE2 does not refer to the ship, but monetary policy.

What’s it all about Alfie?   Is it just about the moment we live?

http://www.youtube.com/watch?v=48oLsDImC5A

The movie was about a guy that lived only for himself and the consequences be damned.  Nobody else mattered.

So…what does that have to do with Quantitative Easing (QE)?

QE is in the headlines these days; most of the world is going “postal” over what the Federal Reserve (Fed) and the Treasury are doing.

http://online.wsj.com/article/SB10001424052748703514904575602820114533804.html?mod=WSJ_hp_LEFTTopStories

http://www.bloomberg.com/news/2010-11-09/china-to-tighten-control-on-capital-inflows-with-audits-position-limits.html

http://www.cbsnews.com/stories/2010/11/08/ap/business/main7035938.shtml

http://www.spiegel.de/international/world/0,1518,727801,00.html

http://online.wsj.com/article/SB10001424052748703514904575603023040162294.html?mod=WSJ_hp_MIDDLENexttoWhatsNewsTop

http://www.chron.com/disp/story.mpl/business/7285743.html

http://news.yahoo.com/s/nm/20101109/bs_nm/us_markets_precious

http://www.reuters.com/article/idUSTOE6AA0BA20101111

 

First off, what is Quantitative Easing?  That means putting more money into circulation.  When the Donks’ housing bubble collapsed, the value of housing collapsed.  The value of housing had been used to secure loans and those loans were exchanged for money.   Since housing had lost value and the related securities were now worthless, it was the same as if money had been lost out of the economy.  The Feds wanted to inject money into the financial markets to keep the economy working and to keep interest rates low.  That would, hopefully, increase economic activity.

So…round one, known now as QE-I .  The Fed bought $1.5 Trillion of mortgage-backed securities and $300 Billion in Treasury Bonds.  (The purchase of those mortgage-backed securities saved the big financial companies and ensured that the Donks would continue to get their mega-million campaign donations.)

http://www.americanchronicle.com/articles/view/197725

http://www.huffingtonpost.com/dean-baker/quantitative-easing-round_b_780734.html

But… Just where does the Fed get the some $1.8 Trillion to buy all of those securities and T-bills??  From “HE whose MIDDLE NAME cannot be spoken”, HIS stash?

OK Bunkie, listen up-this is important.  The Fed has an unlimited supply of money:  they just print it.  As much as they want, literally trillions.  Meanwhile, the Government Treasury department “sells” Treasury Bonds (T-bills) as a means to borrow money.  If the Fed “buys'” T-Bills with their newly printed “money”, one piece of paper is exchanged for another piece of paper.  All of a sudden the Government has more money to spend! Just like Magic!  Anyone can buy T-Bills: you, the Japanese, the Communist Chinese, anyone.  In fact, the Communist Chinese and the Japanese are the two largest foreign holders of US debt.

So, the Fed merely printed $1.8 Trillion dollars, hoping that the economy would revive.  It may have provided “liquidity” to keep the economy running, after all if you didn’t have enough “money” in circulation, then you would have to “barter”.  But it didn’t work to expand the economy, though.

Since it didn’t work the first time, they are going to do the same thing again.  They have announced that they are going to print some $600 Billion more dollars.  There might be an appearance of growth.  All of that new money in circulation will cause the price of assets to increase. Not the “value” but the “price”.  Mostly, the “value” of the assets won’t change but the US$ will be worth less so the “price” will go up.

Now you may ask yourself: “Self, why do all of these foreign countries care about what we do?”

Two reasons:  1.  The US$ will lose value.  Since the US$ is worth less, foreign companies will want more dollars for the same thing.  It will appear to us that the “price” has increased even thought he “value” has not.  In effect, foreign-made goods will cost more in the US and US-made goods become cheaper in foreign countries.  That’s good for the trade balance, but it screws people like you and me.

2.  But there is another problem.  When you buy something made in China, that US$ ends up in China.  You have traded a piece of paper (US$ bills) for something of value, like a lap-top.  You now have something of value and they have…..paper.  They can put that piece of paper under the mattress, or they can use it.  They can buy “stuff” with it, like real estate in Los Angeles or strategic materials like copper.  Another common ways to deal with it is to invest it by buying US T-bills.  The US has sold trillions of dollars in T-bills to foreign governments.

(The total US Federal debt is over $13 Trillion.  Foreign-owned debt is about $4.2 Trillion and the debt owned by Social Security is about 2.5 Trillion.  You see Bunkie, a funny thing happened to the Social Security surplus.  The government SPENT IT and printed up “T-bills” to replace it.  You traded your labor for US$.  Then, the government confiscated part of it for Social Security with the promise that they would take care of you when you got old.  Now they are going to make the US$ worth less so the value of your Social Security will be worth less.  Maybe literally worthless!  The bottom line is that they lied.)

http://www.treas.gov/tic/mfh.txt

For QE2, the Feds are printing another $600 Billion for the Treasury to spend.  The effect is that Foreigners have loaned us money with a certain value, i.e. you could exchange that $ for a certain amount of goods or services.   Now the Fed and the Treasury are going to turn our money into MONOPOLY MONEY.  The US$ denominated assets those people have are going to be worth less.  As are your life savings, i.e. they are going to be worth less.  No wonder they are pissed.  Why aren’t you???

See here for another look at it.

http://www.americanthinker.com/2010/11/is_the_federal_reserve_destroy.html

It’s dangerous ground that the Fed, and “HE who’s MIDDLE NAME cannot be spoken” are treading.  Those fools are living for the moment and really don’t care what the future may bring.  In a flash, the US dollar could collapse and our economy with it.  What is going on now is different from all the other times it has been tried.  But in every other case, it has been a disaster.

On his recent trip to Asia, every foreign leader treated “I AM the ONE we have been waiting for” as a wilful, foolish and arrogant child.

http://www.breitbart.tv/abc-news-obama-asia-trip-fails/

http://www.nytimes.com/2010/11/13/world/asia/13prexy.html?_r=2&hp

http://news.yahoo.com/s/ap/20101112/ap_on_bi_ge/as_economic_summits;_ylt=ApjLR61okDfz5fvDCFI9XW134T0D;_ylu=X3oDMTJrMGI2N25pBGFzc2V0A2FwLzIwMTAxMTEyL2FzX2Vjb25vbWljX3N1bW1pdHMEY3BvcwMxBHBvcwMyBHNlYwN5bl90b3Bfc3RvcnkEc2xrA2ctMjByZWZ1c2VzdA

http://www.bloomberg.com/news/2010-11-12/sarkozy-takes-over-g-20-leadership-with-pledge-to-update-monetary-system.html

http://apnews.myway.com/article/20101112/D9JEJ36G0.html

http://www.politico.com/news/stories/1110/44989.html

(Requires a free subscription) http://www.ft.com/cms/s/0/e65d6a44-ee2e-11df-8b90-00144feab49a.html#axzz15HBipmH9

We have taken back the House, but it’s not over yet Bunkie. We (we: you and I) have to weed out every liberal in a position of poweer

Regards,

Steamboat Jack (my evil twin)

When I read the head line for this post at the WSJ, I was curious.  But, Ms. Noonan is right.  The Tea Party movement IS saving the Republican party from the likes of GW.

http://online.wsj.com/article/SB10001424052702304023804575566503565327356.html?mod=WSJ_hp_mostpop_read#articleTabs%3Darticle

 Poor GW went to Washington believing in a fantasy. When he was Governor of Texas, the head of the Democrats in the legislature, Bob Bullock, worked with him to make Texas a better state. To paraphrase what Bob said of GW: he was the best Governor we have ever had. You could trust him to keep his word.

GW thought that he could conduct business the same way when he became President. For example, he let that drunken fool Kennedy write the No Child Left Behind act. Less than a year later Kennedy was making speeches about how GW had betrayed the children of America with his education policies.

In fact shortly after 9-11 Kennedy and Kerry started the attack to cause GW to fail. Watch the State of the Union speech for 2005. GW is nearly begging the Democrats to help him reform Social Security and save the financial future of our children. Then watch the 2006 address. The Democrats are booing poor GW when he says how they caused him to fail in saving our country. And watch Hillary. She is gloating.

Repeatedly, poor GW reached out in friendship and repeatedly the Democrats spit on him. And he never learned.

While GW wasn’t the only Republican to “reach across the aisle” (Specter, Snow, et al) he was the one labeled as most representing conservative principles and he certainly has the highest profile.

Poor GW compromised with the Democrats to be “bipartisan”. For a Republican, you can’t out-Democrat the Democrats. You can only betray the reason people voted for you.

Regards,

Steamboat Jack (my evil twin)

The Elite and Us

The self-annointed elite inside the Beltway and the so-called “Main Stream” media are oh-so smart and oh-so clever.  They are oh-so sophisticated and while they attend their oh-so special parties and nibble their brie and sip their chardonnay, they demean us as stupid f_____g red necks.  Red necks, that’s people like you and me and Sharron Angle.  It is anyone that actually produces something of value (I.e. “works”) and believes in God (as distinct from going to church).

 Perhaps the most important concept that they really don’t understand is how their contempt is returned in spades.  They are so special and gifted and entitled, how could anyone despise them?   It is beyond them, so if the predicted political tsunami strikes they will be totally bewildered. 

They proven themselves to be fools by what they have done to the economy and in a thousand other ways.  And they think that they are some kind of elite! 

Here is an interesting commentary on their inability to be in touch with the greater reality.  (Inside the beltway is a giant echo chamber wherein all you hear is the babbling of fools endlessly repeated to one other.)

http://www.americanthinker.com/2010/10/god_laughs_sharron_angle_vs_ha.html

The Angle-Reid campaign is just a microcosm of the larger change in American politics.  It is so high-profile only because of who Harry Reid is.   My hope is that once we retake out country, the great majority does not again fall asleep. 

the price of freedom is eternal vigilance.”  —  Thomas Jefferson

and

I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking  care of them.“– Thomas Jefferson

Regards,

Steamboat Jack (my evil twin)