June 2010

Thomas Sowell, as usual, cuts through the political demagoguery and CYA positioning surrounding the Gulf oil spill. In a pair of articles published at http://www.JewishWorldReview.com entitled “Oil and Snake Oil” and “Degeneration of Democracy” he calls us back to reason and establishes the central issues for our consideration.

I, personally, find it interesting that through all the rhetoric and finger pointing (which reminds me of my second grade class when our very stern looking teacher steps back into the room after a brief absence and stands glaring with her arms crossed) no one has presented one iota of evidence that BP has done anything illegal. Until that happens, BP must be considered the unfortunate victim of a terrible accident.  (What a concept: innocent until proven guilty!) In which case they are being crucified to help compound their misfortune and provide political currency.

The big oil spill in the Gulf of Mexico is bad enough in itself. But politics can make anything worse.
Let’s stop and think. Either the government knows how to stop the oil spill or they don’t. If they know how to stop it, then why have they let thousands of barrels of oil per day keep gushing out, for weeks on end? All they have to do is tell BP to step aside, while the government comes in to do it right.
If they don’t know, then what is all this political grandstanding about keeping their boot on the neck of BP, the Attorney General of the United States going down to the Gulf to threaten lawsuits— on what charges was unspecified— and President Obama showing up in his shirt sleeves?
Just what is Obama going to do in his shirt sleeves, except impress the gullible? He might as well have shown up in a tuxedo with white tie, for all the difference it makes.
This government is not about governing. It is about creating an impression. That worked on the campaign trail in 2008, but it is a disaster in the White House, where rhetoric is no substitute for reality.
If the Obama administration was for real, and trying to help get the oil spill contained as soon as possible, the last thing its Attorney General would be doing is threatening a lawsuit. A lawsuit is not going to stop the oil, and creating a distraction can only make people at BP start directing their attention toward covering themselves, instead of covering the oil well.
If and when the Attorney General finds that BP did something illegal, that will be time enough to start a lawsuit. But making a public announcement at this time accomplishes absolutely nothing substantive. It is just more political grandstanding.
This is not about oil. This is about snake oil.

~~~~~AND~~~~~

Just where in the Constitution of the United States does it say that a president has the authority to extract vast sums of money from a private enterprise and distribute it as he sees fit to whomever he deems worthy of compensation? Nowhere.
And yet that is precisely what is happening with a $20 billion fund to be provided by BP to compensate people harmed by their oil spill in the Gulf of Mexico. Many among the public and in the media may think that the issue is simply whether BP’s oil spill has damaged many people, who ought to be compensated. But our government is supposed to be “a government of laws and not of men.” If our laws and our institutions determine that BP ought to pay $20 billion– or $50 billion or $100 billion– then so be it.
But the Constitution says that private property is not to be confiscated by the government without “due process of law.” Technically, it has not been confiscated by Barack Obama, but that is a distinction without a difference.
With vastly expanded powers of government available at the discretion of politicians and bureaucrats, private individuals and organizations can be forced into accepting the imposition of powers that were never granted to the government by the Constitution.

If you believe that the end justifies the means, then you don’t believe in Constitutional government. And, without Constitutional government, freedom cannot endure. There will always be a “crisis”– which, as the president’s chief of staff has said, cannot be allowed to “go to waste” as an opportunity to expand the government’s power.
That power will of course not be confined to BP or to the particular period of crisis that gave rise to the use of that power, much less to the particular issues.

Please enjoy both commentaries in their entirety at:

Oil and Snake Oil

and:

Degeneration of Democracy

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Nationally syndicated radio host and bestselling author, Monica Crowley, has published a thought provoking article at politicalmavens.com entitled “McChrystal Goes Rogue — Again”

Shortly after President Obama assumed the Commander-in-Chief duties, he retired the existing commanding general in Afghanistan and hand-picked his successor: General Stanley McChrystal. McChystal was always known as a brash and outspoken military man, an expert in counterinsurgency, greatly respected by the troops under his command, and as having little patience for fools.

His requirement to have to answer to Obama, then, was a trainwreck waiting to happen.

Last year, McChrystal made no secret of his desire to have as many as 80,000 additional troops to press the fight in Afghanistan. He went to the press to state that objective and to dismiss those, like VP Joe Biden, who opposed any kind of surge.

…while McChrystal was right on policy (never commit militarily to an operation without committing overwhelming force and having a clear plan), he was wrong to go public …

Today… McChrystal is being recalled  … to explain disrespectful comments he and his aides made to Rolling Stone magazine about Obama, Biden, other top national security officials, and the war strategy. Once again, McChrystal is right on policy (Obama is a destructive, disengaged, uninterested fool whose withdrawal timetable and ridiculous hamstringing rules of engagement are costing us lives and progress), but he was wrong to go public with that criticism.

~~~~~

But there are 2 big points to consider as this story unfolds:

1. McChyrstal is a four star general, graduate of West Point, has extensive combat experience and a chest full of medals. In other words, he knows what he’s doing. This was NOT a mistake. These comments were not “off the cuff” or limited to just one or two flippant remarks. And the interview was deliberately given to far-Left, anti-war Rolling Stone. None of this was a coincidence.

That can only mean one thing: that McChrystal is playing a game of chicken with Obama. He was daring Obama to respond. Obama runs a huge risk if he fires him. If the war goes under, it’ll be Obama’s fault for firing an insubordinate and prickly but effective general. If he doesn’t fire him, he may look weak and McChrystal will likely feel freer to do what he needs to do to win on the battlefield. Either way: McChrystal has made his point.

2. Many are asking today: Does Obama still have the necessary trust and confidence in McChrystal? I think the more appropriate and important question is: Does McChrystal have ANY trust and confidence in the Commander-in-Chief?

Please read the entire article and other interesting commentary at:

http://politicalmavens.com/index.php/2010/06/22/mcchrystal-goes-rogue-again/

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Obama says BP oil spill impact ‘echoes’ 9/11; relative of WTC victim calls President ‘off-base’

‘World News’ Political Insights: President Obama Seeks Control of Sticky Storyline

Obama golfs for four hours in sweltering heat

Obama to Tea Partiers: See! The Gulf Disaster is What Smaller Government Will Get You

White House turns up heat on BP with flurry of new demands

US turned down Britain’s offer to help clean up BP oil rig spill

Obama fundraises off of the Gulf

Are unions Dock Blocking oil cleanup ships in the Gulf of Mexico?

BP oil spill: Largest shareholders cut stake as price falls

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Big Risk: $1.2 Quadrillion Derivatives Market Dwarfs World GDP

World Bank warns of double-dip risk


Economist argues 2011 tax hikes will cause financial disaster

The High Cost of $13 Trillion

The Global Debt Bomb

Ben Bernanke all but rules out double-dip

Economist Predicts Market Crash

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Publishing Company Under Fire for Putting Warning Label on Constitution

Written By: Diane Macedo

A small publishing company is under fire after putting warning labels on copies of the U.S. Constitution, Declaration of Independence and other historical documents.

Wilder Publications warns readers of its reprints of the Constitution, the Declaration of Independence, Common Sense, the Articles of Confederation, and the Federalist Papers, among others, that “This book is a product of its time and does not reflect the same values as it would if it were written today.”

The disclaimer goes on to tell parents that they “might wish to discuss with their children how views on race, gender, sexuality, ethnicity, and interpersonal relations have changed since this book was written before allowing them to read this classic work.”

Walter Olson, senior fellow at the Cato Institute, says the company may be trying to ensure that oversensitive people don’t pull its works off bookstore or library shelves.

“Any idea that’s 100 years old will probably offend someone or other,” Olson told FoxNews.com. “…But if there’s anything that you ought to be able to take at a first gulp for yourself and then ask your parents if you’re wondering about this or that strange thing, it should be the founding documents of American history.”

Please Read More Here…

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U.S debt to rise to $19.6 trillion by 2015

As Gold Hits Record, Central Banks in Focus

Evercore’s Anthony Fry: Invest In The Real Hard Assets, Barbed Wire And Guns

Annual Federal Deficit Will Hit $1 Trillion This Month–With 3-Plus Months to Go in Fiscal Year

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Photo: Irony, thy name is BP

BP attempts damage control, buys search phrases on Google and Yahoo

Another Gulf oil spill: Well near Deepwater Horizon has leaked since at least April 30

And now for something completely Hollywood..errr… stupid…

Kutcher fails mention that he is the owner of a Navistar CXT. A 14,500 lb. monster pickup that gets 7 miles a gallon in its 70-gallon fuel tank.

Source: Video: Ashton Kutcher Blames Oil Spill on RNC Convention Speakers

Rosie O’Donnell: “Call it Socialism, call it Communism, call it whatever you want…. Seize their assets. Take over BP!”

Ok, one more…

Rate of Oil Leak, Still Not Clear, Puts Doubt on BP

Obama, Pressed to Get Tough on Oil Spill, Talks About ‘Kicking Ass’

Spill reveals Obama’s lack of executive experience

Democrats propose further tax hike on offshore oil

Possible Solution for Gulf Oil Spill

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Osama bin Laden and top aides are hiding in Sabzevar, Iran

Drug cartels smuggling illegals create security risk, officials say

High School: N.J. Terror Suspect Dangerous as Student

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CBS Decides Al and Tipper’s Separation is the Fault of….George W. Bush

CNN Blames Bush for Israeli Flotilla Raid

Huffington: Oil Spill ‘1,000 % Bush-Cheney’s Fault’

Nancy Pelosi: Blame Bush for MMS problems

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Wow! Very touching.

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