Resistance

4 More Drones! Robot Attacks Are on Deck for Obama’s Next Term

"Civil libertarians rightly point to Obama’s reversals on expanding warrantless surveillance; the indefinite detention of terrorism suspects; military tribunals at Guantanamo Bay; prosecuting whistleblowers; and embracing an expensive definition of the war on terrorism’s executive powers. But there’s little evidence that Obama will change course. The evidence is staring everyone in the face. Obama has elevated a practice of stealthy robotic warfare to the tactic of choice for U.S. security priorities, and built around it a system that operates it practically on bureaucratic inertia." Continue reading →

Continue Reading4 More Drones! Robot Attacks Are on Deck for Obama’s Next Term

Obama Won. Now What Will You Do?

"Washington is headed for gridlock. This is good. This is not a dysfunctional government. A dysfunctional government passes lots of laws. The laws are almost always bad laws. Then the federal bureaucracy interprets and implements these laws in the Federal Register. What little that might have been good gets bad. A gridlocked government is the best we can hope for. My suggestion: start making major changes in your life’s plan. Make them in terms of reality: the unfunded present value of future federal liabilities: $222 trillion." Continue reading →

Continue ReadingObama Won. Now What Will You Do?

Gary North: Boehner Has Obama by the Boondoggles.

"I am hoping that the House will do nothing. I think that is the best we can hope for, given the fact that what Obama wants is a tax increase on the rich in order to save the Pentagon's budget. I would rather see the Pentagon have its budget cut than to see taxes, meaning progressive taxes, meaning graduated taxes, imposed on the rich . . . or anyone else. I would rather live with Bill Clinton's taxes than Obama's. Then, in 2016, Republicans can blame both of them." Continue reading →

Continue ReadingGary North: Boehner Has Obama by the Boondoggles.

California’s Economic Suicide and other News from Yesterday’s Ballot Measures

"Yesterday, the looters and moochers of the Golden State voted for Prop 30, a measure to significantly boost both the state sales tax and also hike income tax rates on investors, entrepreneurs, and small business owners. I’m generally reluctant to make predictions, but I feel safe in stating that this measure is going to accelerate California’s economic decline. Some successful taxpayers are going to tunnel under the proverbial Berlin Wall and escape to states with better (or less worse) fiscal policy. And that will mean fewer jobs and lower wages than otherwise would be the case." Continue reading →

Continue ReadingCalifornia’s Economic Suicide and other News from Yesterday’s Ballot Measures

Crony Capitalists: The Biggest Winners From President Obama’s Re-Election

"Ultimately the biggest winners may be those who finance municipal and state debt. Owing his election to the fiscal failures of New York, Illinois and California, Obama could have to use his executive power to forestall looming bankruptcies at the local and even state level. Ironically the biggest winner here in the crony capitalist sweepstakes will be firms like Goldman Sachs, who turned so vehemently against Obama, but have historically made much of their money on financing government operations. Some people never seem to lose no matter what the result of the election." Continue reading →

Continue ReadingCrony Capitalists: The Biggest Winners From President Obama’s Re-Election

Paul Craig Roberts: The Special Interests Won Again

"Washington is controlled by powerful interest groups, not by elections. What the two parties fight over is not alternative political visions and different legislative agendas, but which party gets to be the whore for Wall Street, the military-security complex, Israel Lobby, agribusiness, and energy, mining, and timber interests. Being the whore is important, because whores are rewarded for the services that they render. To win the White House or a presidential appointment is a career-making event as it makes a person sought after by rich and powerful interest groups. What is curious is that voters don’t understand how politics really works." Continue reading →

Continue ReadingPaul Craig Roberts: The Special Interests Won Again

Jim Rogers: Get Ready for Cheap Money ‘Run Amok’

"'If Obama wins, it’s going to be more inflation, more money printing, more debt, more spending.' Rogers told CNBC, saying he expected to sell U.S. government debt and buy precious metals, such as gold. 'It’s not going to be good for you me or anybody else. It looks to me like the money printing is going to run amok now, and spending is going to run amok now,' Rogers stated. 'I have to invest based on what’s happening and not what I would like.' Rogers said that he didn’t vote for either Romney or Obama, saying that 'they’re both evil as far as I’m concerned.'" Continue reading →

Continue ReadingJim Rogers: Get Ready for Cheap Money ‘Run Amok’

Treasury Quietly Warns: ‘Expect Debt Limit to Be Reached Near End of 2012′

"The U.S. Treasury quietly warned at the end of a statement issued last Wednesday that it expects the federal government to hit its legal debt limit before the end of this year--which means before the new Congress is seated--and that "extraordinary measures" will be needed before then to keep the government fully funded into the early part of 2013. On Aug. 2, 2011, President Obama signed a deal he had negotiated with congressional leaders to increase the debt limit of the federal government by $2.4 trillion. But, now, after only 15 months, almost all of that additional borrowing authority has been exhausted." Continue reading →

Continue ReadingTreasury Quietly Warns: ‘Expect Debt Limit to Be Reached Near End of 2012′

Banking with a human face: ‘Bank on Dave’ for people in UK

"Banking malpractice, excessive risk taking and bonuses paid for out of taxpayer bailouts. It's little wonder that people's patience with their banks has run out. But if not the global financial giants, where you entrust your hard-earned cash? RT's Laura Smith meets one British man, who thinks, he's got the answer." Continue reading →

Continue ReadingBanking with a human face: ‘Bank on Dave’ for people in UK