Category Archives: Randoms

SNIPPETS FROM ELSEWHERE

Closing words at the end of the second presidential debate:

I believe that the free enterprise system is the greatest engine of prosperity the world’s ever known. I believe in self-reliance and individual initiative and risk takers being rewarded.   President Barack Obama

Real Clear Politics reaction:

I have no doubt that Obama believes he believes in free enterprise — except in the case of health care policy, the auto industry, the housing market, education, banking, job creation, manufacturing, green energy and so on and so forth.

If you believed the free enterprise system is the mechanism of great prosperity, your crowning achievement might not be legislation that constricts competition in health care, layers it generously with regulations, institutes effective price controls, coerces participation and sets up a government board to mete out advice on rationing.

Put it this way: Folks who admire free enterprise seldom spend two months bashing private equity to kick off a re-election campaign for president.

About bailouts, by Steven Haywood:

Milton Friedman liked to say, the capitalist system is a profit and loss system.  The losses are just as important as the profits because they discipline ongoing resource allocation.  Bailing out losing firms assures us of mediocre economic growth.  Haywood [edited]

When losses are made, under the present system these losses are borne by the individuals who sustained them and took the risk and judged things wrongly, whereas under State management all losses are quartered upon the taxpayers and the community as a whole.  The elimination of the profit motive and of self-interest as a practical guide in the myriad transactions of daily life will restrict, paralyze and destroy British ingenuity, thrift, contrivance and good housekeeping at every stage in our life and production, and will reduce all our industries from a profit-making to a loss-making process.  Winston Churchill 1947

If Obama is re-elected,
He will fundamentally transform America from a society that strives to eliminate class to a society of four classes: wealthy elites, government and union bureaucrats, the growing dependent poor, and a shrinking pool of working gainfully employed taxpayers supporting everyone else.

RANDOM THOTS OCT-5-2012

The Debate  –  from today’s New York Times

Under fire from fellow Democrats, Mr. Obama came out swinging, accusing Mr. Romney of lying to the American people about his plans for the nation. “I met this very spirited fellow who claimed to be Mitt Romney,” Mr. Obama told 12,000 supporters during a lakeside rally. “But it couldn’t be Mitt Romney, because the real Mitt Romney has been running around the country for the last year promising $5 trillion in tax cuts that favor the wealthy. The fellow onstage last night said he didn’t know anything about that.”

Isn’t Obama saying he was thrown off course in the debate because Romney surprised him?  It sounds more like a confession that he can’t handle surprises than it does like an excuse.  He would have done better to say that he, Obama, was not himself last night.

Ben Stein on insurance

“Fathom the hypocrisy of a government that requires every citizen to prove they are insured… but not everyone must prove they are a citizen.”

Now add this, “Many of those who refuse, or are unable, to prove they are citizens will receive free insurance paid for by those who are forced to buy insurance because they are citizens.”

Powerline with another paradox

“Suspected terrorists can be killed without legal process by drone strikes but, if captured in the hope that they will provide valuable intelligence, cannot be slapped in the face.”

RANDOM THOTS ABOUT NOISES, JILL BIDEN and APPLE

You may have heard that Ahmadinejad and Barack Obama have both said Israel’s concern over a nuclear Iran is a lot of noise.  To Obama, the “noise” is a political distraction founded on a baseless fear from a people and a nation he does not like.  T Ahmadinejad, the noise is the sound of a nuclear bomb exploding in Tel Aviv.

Jill Biden, Slo Joe’s wife told an off color joke about her husband on the stump.  (Jill not Joe).  It was about her husbands qualifications for office.  She gestured with her hands and entendered that when it comes to work ethic, she has seen her husband up close and he has a big one.  Apparently Mr.’s Biden can’t spell any better than Dan Quayle.  What Churchill said was a great world leader should walk softly but carry a big stick.

In other news I see Apple is on tack to be the first company worth one trillion dollars.  That’s quite a turn around from the days when the board fired Steve Jobs in 1985 because the company was headed for bankruptcy.  Today’s management must know something about how to go from doing things wrong to doing things right in order to pile up all that cash they have.  Should we hope they buy the United States?

WHAT OTHERS ARE SAYING

“If Obama Can Stop the Seas From Rising Why Can’t He Bring Down Gas Prices” ~ George Will

“Shift on Executive Power Lets Obama Bypass Congress” ~ New York Times.  Actually the headline said “…Bypass Rivals but in the article it was clear that the strategy is to bypass Congress.

This president has brought us out of the dark and into the light. ~ Michelle Obama.  The crowd “applauded as the first lady likened her husband to a Jesus-like figure.”

THE TEA PARTY vs. THE OCCUPIERS and OTHER RANDOM THOTS

There is no comparison.
The Tea Party members stand for less federal spending, less federal debt, less government restriction, more personal liberty, more growth and more jobs.  As a group they are peaceful, familial, respectful of private property, employed and proud of their American heritage.

The Occupy movement still hasn’t decided what it stands for as a group.  Members have taken stands against corporate bailouts, unequal wealth, capitalism, Israel, anything military and the notion that there is any reason whatever to be proud of their country.  They have asked for bailouts for individuals, free college tuition, higher taxes on other people, (the demonstrators themselves pay little or none), and redistribution of the wealth of others unto themselves.  Their methods are disruptive, sometimes destructive and occasionally violent and frequently illegal.  They show disrespect for the American flag, private property and the rule of law.  They have been unable to control criminal activity within their own group.

Our president expresses support for the Occupiers and holds Tea Party members in contempt.  Until Barack Obama we had never had a President like this.

Where’s the swamp?
The ripest department for corruption in any town is the housing department.  If you have ever dealt with one you know how involved the permitting and inspection process can be.  It is rich with opportunities for those in power to ‘earn’ a little income on the side.  The big opportunities are in the realm of awards to private contractors for municipal construction and other town services.  This is by no means an indictment of these departments as a whole for malfeasance, but where corruption does exist this is where you are most likely to find it because it’s the most fertile ground.

At the federal level, the equivalent that comes to mind is infrastructure programs.  Think about it.

More Republicans should play chess.
Republicans in Washington fell into a trap because they didn’t anticipate the Democrat’s future moves.

The Republicans were set up when they supported a temporary suspension of the payroll tax.  Now the Democrats want to extend it and the Republicans do not.  Obama has been given ammunition for his class warfare battle.  Now Republicans “want to increase taxes on the working man but never on the rich”.

Continuing the payroll tax suspension also plays into the Presidents plan to spread the wealth.  As it stands, the working man is contributing nothing to fund the Social Security he will collect.  Obama wants to keep it that way.

RANDOM THOTS for Nov 16, 2011

Thomas Sowell had this to say about Herman Cain:

The 90 percent black vote for Democrats is like money in the bank on election day. A prominent black conservative who offers an alternative view of the world is a serious danger politically, because if that alternative view has the net effect of reducing the black vote for Democrats just to 75 percent, the Democrats are in big trouble at election time.

In this political context, merely defeating a black conservative at the polls or at confirmation hearings is not enough. He must be destroyed as an influence in the future — and character assassination is the most obvious way to do it.

On the corporate income tax.
Who pays the corporate income tax?  Corporations?  You may as well ask who pays the cigarette tax?  Cigarettes?  Neither corporations nor cigarettes pay tax.  Only people pay tax.  It’s all reflected in the price.

On the 99 Percenters
There is a cute video floating around somewhere in the blogosphere, or what is it they call it now, the cloud?  The script was inspired by the Halloween tradition of trick or treat.  A young boy asks a young girl for her candy because he has none.  They spar back and forth for a bit as the girl explains how she worked for her candy and saved some rather than eating all of it as she received it.  The boy’s response never varied.  He simply repeated “I want some of your candy”.  The young girl never gave in.  Finally the boy ended the debate with “It doesn’t matter.  I will get your candy.  There are 99 of us and only one of you.”


But fear not faint heart.  The candy bullies are closer to 1% than the 99% they claim.  You are free to share your candy as you see fit.

RANDOM THOTS on WARREN BUFFETT and PALESTINIAN SUPPORTERS

Warren Buffett
Warren Buffett’s salary is $524,000.  That would put him squarely in the 35% tax bracket; however he chooses not to pay it.  Instead he peals off some of his Berkshire Hathaway stock and gives it to his Buffet Foundation.  The market value of the shares qualifies as a charitable contribution which he can deduct from his taxable income.

The maximum deduction he can take in any one year is 30% but that’s not 30% of his salary; it’s 30% of his adjusted gross income.  We don’t know what that is because he won’t release his tax returns.  So we don’t know how much of his income he protects from being taxed by the money he gives to his foundation.

What he is doing may not be all that bad but we wish he would be up front about it.  By giving directly to charitable causes through his foundation, Buffet is avoiding the middle man, the U.S government.  There is much abuse in the foundation world but there is no indication of it in the Buffett Foundation.  He, not the government, decides where the money goes, what to support and what not to support.  The bureaucratic slippage is less and, presumably, none of the money is lost to corruption.

By the way, Mr. Buffett did not say he paid less tax than his secretary, as we often see quoted.  What he said was he pays at a lower rate.  His secretary could pay at a lower rate too, if she gave 30% of her income to charity.

The Palestinian cause
Israel gives Palestinians a voice in the Israeli government.
Not one single Arab nation gives one single Jew a voice in their government.

Thousands of suicide bombers have killed thousands of Jews.  They blow people to bits in public markets, schools and on buses.  In some cases they target children intentionally.
Have you ever heard of as much as one Jewish suicide bomber killing one Palestinian?

If the Arabs laid down their arms, there would be peace.
If Israel laid down its arms, there would be no Israel.

Palestinians teach their children that mass murder, even of non Jews, is an honorable act provided that some Jews are included in the intended death toll.


–0O0–

It is hard to conceive how an honorable person can lend support to such atrocities, regardless of the cause.  And please don’t tell me you support the cause but not the tactics.  That’s not possible.  Lending support to the cause while theses tactics are being employed encourages continuation of the tactics.

Palestinian supporters, you have blood on your hands.

 

RANDOM THOTS AFTER THE SPEECH

Markets plunge after speech
Is it Europe or is it Barack Obama’s speech.  It’s both.  The common denominator is the playing out of socialistic agendas.  Europe was a little farther along Insolvency Road but Obama is propelling us to what may prove to be a photo finish.

BHO is FDR Redux, not Carter II
Minutes after Random Thots published Jobs and Economics a la Barack Obama, Steven Hayward published Obama vs. FDR.  Great minds think alike.  There is little doubt (in great minds, that is) that BHO is repeating FDR’s mistakes. Everyone should read The Forgotten Man by Amity Shlaes. It is the definitive work on FDR.  I would also refer you to my article in American Thinker on the Obama/Roosevelt comparison. (shameless plug).

Turner 50 – Weprin 44   WOW !
If you are not a woman you can never know what it is like to birth a baby.  If you are not from District 9 in Brooklyn you can never know the significance of Turner’s lead over Weprin.  It was about as likely as a Bernie Sanders endorsement of Sarah Palin.  We covered the race initially in Daily News Endorses Turner vs. Weprin. It is understandable why the President’s wife bowed her head and appeared to pray before her husband spoke.

RANDOM THOTS Aug 23, 2011

Recommended reading
Star Parker, writing for Town Hall, has penned a superb treatise on the confusion among blacks about the failures of Barack Obama.  Her thesis is that blacks are undecided between the ideas that Barack has sold them out or that he is just incompetent.  A few may even wonder if liberalism could be at fault.  There is much more; read it all.

Press Conferences
Obama is the first President ever to call on a member of the Press without looking up.  First he reads the name from the teleprompter, and then he looks up to locate the person in the room.  You don’t see raised hands asking for the privilege to pose a question in one of this president’s press conferences.

Methinks
The fortunes of everyday Americans are on a see-saw.  The economy is sitting on one end of the board and Barack Obama is on the other.  America was on the downswing when Obama was riding up.  Methinks Mr. Obama’s weight has peaked and America is in a bottoming phase.  The keystone tenet of Alcoholics Anonymous is: first you must acknowledge you have a problem, and then you must want to fix it.  The President’s actions, along with those of Nancy Pelosi, Harry Reid and the SEIU have exacerbated the nation’s woes to the point that everyone has come to acknowledge we do have a problem.  From the election results of 2010 to the 64 year old lady Democrat screaming that Obama is an idiot because he won’t cut Medicaid, there is ample evidence that Americans want to fix it.

We are at the bottom of a deep hole.  Call me an optimist if you must, but I think the shoveler’s shovel is finally broken.  Now we are about to fix it, (the hole, not the shovel).

THE BIG BUST AND OTHER RANDOM THOTS

The President’s big bust tour didn’t go very well.  It’s not surprising when you know the tour was in fly over Tea Party country.  Even the black congressional caucus didn’t like it.  He spent too much time with white folks.  Maxine Waters pleaded with Black Caucus followers to “release us” and then we’ll go at him.  The Caucus is caught between Scylla and Charybdis on this one.

A recent Newsmax poll found that only 42% of voters will admit they voted for Barack Obama.  Now I know why all those Obama/Biden bumper stickers are disappearing from cars everywhere, except in college towns of course.

The goal of public service union leaders is to maximize membership.  If two people can easily do the job, five is better.  Five votes to count, five dues to collect, what could be sweeter than that?  On the other hand, the taxpayers, as citizens paying the wages are entitled to a day’s work for a day’s wages paid.  The negotiating table is supposed to resolve the conflict of interest between the public service unions and we the people.  But it’s the union dues that put the negotiators in their seats across the table.  What could be sourer than that?

Charles Koch responds to Warren Buffet

“Much of what the government spends money on does more harm than good; this is particularly true over the past several years with the massive uncontrolled increase in government spending.  I believe my business and non-profit investments are much more beneficial to societal well-being than sending more money to Washington.  — Charles G. Koch, Chairman and CEO, Koch Industries, Inc.

Charlie must be reading RandomThots.  We said here last Monday.