Saturday, March 22, 2008

Actions Speak Louder Than Words

Recently, presidential candidate Barack Obama treated us to a speech about race. He laments the results of discrimination against blacks:


But for all those who scratched and clawed their way to get a piece of the American Dream, there were many who didn’t make it – those who were ultimately defeated, in one way or another, by discrimination. That legacy of defeat was passed on to future generations – those young men and increasingly young women who we see standing on street corners or languishing in our prisons, without hope or prospects for the future. Even for those blacks who did make it, questions of race, and racism, continue to define their worldview in fundamental ways. For the men and women of Reverend Wright’s generation, the memories of humiliation and doubt and fear have not gone away; nor has the anger and the bitterness of those years.

So here's what I want to know, Barack. If the USA is such an awful place for blacks, then why did your father come here from Kenya? And why have so many blacks come to the USA from Africa and from the majority-black Caribbean countries?

Here are the numbers of people granted legal permanent residency in the USA from the following places of origin. Source is Migration Policy Institute (this doesn't even count illegal immigration):

Africa:

2004 66,403

2005 85,081

2006 117,411

Haiti:

2004 14,191

2005 14,529

2006 22,228

Jamaica

2004 14,430

2005 18,346

2006 24,976

If the USA were as bad for blacks as Barack claims it to be, you would see a mass migration in the opposite direction. So why the perpetual whining about racism? Why the need for the racist so-called "affirmative action" programs? Leftwing politicians like Barack and Hillary need their cult of victimology in order to advance their agenda. As one anonymous posted on lucianne.com once put it:

Liberals see a racist under every American rock. Their moral battle against racism is, in their small minds, justification for all the social and cultural damage liberalism has wrought. They want racism. They need racism. Therefore, they create racism.

Anyone who is in doubt that the left try to create racism where no such thing existed need look no further than the Duke Lacrosse Rape Hoax, or the Tawana Brawley Rape Hoax, or many other similar incidents.

Tuesday, March 18, 2008

Should the Government Intervene in the Real Estate Markets?

The latest I am hearing is talk in Washington about the federal government doing something to prevent housing prices from falling any further. This is sheer lunacy.

We had a bubble in housing prices in many parts of the country that ended just last year. Prices have dropped somewhat but they need to fall further so that middle income people can properly afford a house. For example, in Los Angeles, the median family income is approximately $60,000 per year. Here are the median prices of houses in that city:


Aug 07 $550,000

Sept 07 $525,000

Oct 07 $500,000

Nov 07 $499,000

Dec 07 $470,000

Jan 08 $458,000

Feb 08 $460,000

The median price needs to fall to about $200,000 so that the median income family can afford it. Houses are not properly viewed as investments. True, they may increase in value if the population of the area increases, but in the recent bubble the prices were increasing even in areas like the northeast, where population has been declining.

Houses are consumption goods. Buy a house on a piece of land, and 20 years later you still have the same house on the same piece of land. The condition of the building may deteriorate but it will never improve unless you spend more money on it. Over the long run, housing prices do not exceed the inflation rate.

What is needed is for housing prices to come down to earth in many parts of the country so that middle income people can afford them. When I lived in south Florida, there were large increases in housing prices and middle income people were being driven out of the area because of it. The area became more and more like a banana republic with only the very rich and the very poor living there, not a politically stable situation.

The government needs to get out of the housing business altogether and allow market prices to seek their own level. People who have paid excessively high prices for their houses and financial institutions that have made mortgage loans secured by overpriced collateral should eat their own losses.

Monday, March 17, 2008

Tom Hayden Laments the Ungrateful Vietnamese

Tom Hayden, who along with former wife, Hanoi Jane Fonda, gave moral support to the despots who enslaved the people of Vietnam, has recently visited the country again:

Why aren't the Vietnamese more grateful to Tom Hayden? Recently, he returned for the first time in 36 years to the country that he and his then-wife Jane Fonda tried to save from American domination in the Vietnam war. The trip disappointed him. As he writes in the March 10 issue of The Nation, Vietnam has turned capitalist. Was that what he fought for? Absolutely not. He remains capitalism's enemy, still the same lefty who helped found 1960s student radicalism.


Can you believe those ungrateful bastards? You would think those Vietnamese would have some social conscience and forget about themselves and their families, in order to toil selflessly for the good of the proletariat. But noooooooo.....

During his trip, a leading Vietnamese novelist told him, "Some Americans may sympathize with communism, but I lived under it and couldn't stand it." The novelist has a son making millions travelling for a high-tech corporation.

Perhaps the Vietnamese noticed that Hayden declined to join them in their workers' paradise, and instead lived in California while Jane made millions from acting in movies and selling exercise videos. Or perhaps the Vietnamese were too busy trying to escape the paradise by going out to sea in tiny overcrowded boats.

"Far be it from me," says Hayden. "to question the desire of the Vietnamese to share our globalized consumer culture like everyone else."

Hat tip to Kate at SDA.

Oh My God.....There's Another Provocateur!

Saw this one in the links from LGF. Who is this Mike Volpe guy anyway? I can't find an email for him.

But I read a few of his posts and found them rather good. The more the merrier, Mike.

Friday, March 14, 2008

Tibetan Uprising Against Chinese

Tibetans are rising up against Chinese hegemony


SHANGHAI -- Crowds of angry Tibetans surged through the streets of central Lhasa on Friday, attacking shops owned by ethnic Chinese and forcing a retreat by armed police and soldiers, according to multiple witnesses.
The escalation of the protests Friday appears to represent one of the most serious challenges to Chinese government authority in the province in nearly two decades.

The violence appeared centered on the area around the Jokhang monastery, a holy site in the center of Lhasa, according to others working nearby who were reached by phone.
Monks protesting Chinese treatment of Tibetans were arrested in front of the monastery on Monday, the anniversary of a failed 1959 uprising against Chinese rule. Police fired tear gas Tuesday to disperse demonstrators opposing the arrests.
It was difficult to gauge the number of people actually involved. Some observers said the crowds numbered more than 1,000.
China's Xinhua News Agency issued a terse report on the violence late Friday afternoon Beijing time saying "shops were set on fire in violence in downtown Lhasa on Friday afternoon." Xinhua, on its English language service, said that witnesses said a number of shops were burnt and others shut down
.

China has about as much right to occupy and rule Tibet as El Salvador has to occupy and rule Finland.

Tuesday, March 11, 2008


Why Do New Yorkers Make Such Poor Choices for Electing Politicians Statewide?
I can understand why someone who is of a leftwing persuasion would vote for someone with a similar philosophy. But why have New Yorkers fallen for such obviously power-mad politicians such as Eliot Spitzer and the Oinkubus?
New York has had some decent governors and US Senators in the past. Daniel Patrick Moynihan, although he was as lefty as they come, was a man of conscience who gave considerable thought to the issues of his day. Likewise Jacob Javits, although a Republican, was very leftwing and still was a man of thought and principle. I don't think I ever agreed with Mario Cuomo about one single thing, but his ethics were not to be questioned.
How do you end up with someone who zealously prosecutes a callgirl ring at the same time he is spending thousands on whores for himself? And how can you vote for someone like Her Ugliness who has such obvious problems with ethics and has megalomaniac written all over her face?
New Yorkers, there are plenty of Moynihans and Javitses out there.
The mind boggles.
Read what convicted pimp Heidi Fleiss has to say about Spitzer:


"It's so easy not to not get caught," reformed Hollywood madam Heidi Fleiss tells Radar, adding that she provided service to many a well known politician her day. "I saw many famous people—more famous than Eliot Spitzer—and you know what, you pay people right, you treat them right, you don't have a problem."

It was Spitzer's ethical crusade and no-ho posturing that did him in, too, Fleiss says. In 2004 Spitzer pontificated about the breakup of a Staten Island ho ring, calling it a "sophisticated and lucrative operation with a multi-tiered management structure," then adding, "It was, however, nothing more than a prostitution ring."
"I think think he's an arrogant prick and he thinks he's above the law; no one likes a hypocrite," Fleiss tells Radar.

"He could have gone to the Bunny Ranch and never would have had his cover blown. But this is an arrogant prick," Fleiss says. "Welcome to reality."



Mary Ann, Say it Ain't So!
Dawn Wells, that perpetual hottie of hotties, was busted for possession of marijuana in Idaho


DRIGGS, Idaho — Perhaps they should have called her Mary Jane.
A surprise birthday party for Dawn Wells, the actress who played Mary Ann on "Gilligan's Island," ended with a nearly three-hour tour of the Teton County sheriff's office and jail when the 69-year-old was caught with marijuana in her vehicle while driving home.
Wells is now serving six months' unsupervised probation for the crime. She was sentenced Feb. 29 to five days in jail, fined $410.50 and placed on probation after pleading guilty to one count of reckless driving.
The guilty plea came as part of an agreement with prosecutors in which three misdemeanor counts - driving under the influence, possession of drug paraphernalia and possession of a controlled substance - were dropped.
The case began the night of Oct. 18, when Teton County sheriff's Deputy Joseph Gutierrez arrested Wells as she was driving home from a surprise birthday party. She posted $4,000 bond and was arraigned on the charges the following day, pleading not guilty. A trial on the matter was scheduled for March 13, but was canceled because of the plea agreement.

Who was hotter: Mary Ann or Ginger? I don't think it was even close.


Air Force to Retire F-117 Stealth Fighter
The F-117 stealth fighter, which is actually more of a bomber, is being retired next month


DAYTON, Ohio) — The world's first attack aircraft to employ stealth technology is slipping quietly into history.

The inky black, angular, radar-evading F-117, which spent 27 years in the Air Force arsenal secretly patrolling hostile skies from Serbia to Iraq, will be put in mothballs next month in Nevada.
Wright-Patterson Air Force Base in Dayton, which manages the F-117 program, will have an informal, private retirement ceremony Tuesday with military leaders, base employees and representatives from Holloman Air Force Base in New Mexico.
The last F-117s scheduled to fly will leave Holloman on April 21, stop in Palmdale, Calif., for another retirement ceremony, then arrive on April 22 at their final destination: Tonopah Test Range Airfield in Nevada, where the jet made its first flight in 1981.
The government has no plans to bring the fighter out of retirement, but could do so if necessary.
"I'm happy to hear they are putting it in a place where they could bring it back if they ever needed it," said Brig. Gen. Gregory Feest, the first person to fly an F-117 in combat, during the 1989 invasion of Panama that led to the capture of dictator Manuel Noriega.
The Air Force decided to accelerate the retirement of the F-117s to free up funding to modernize the rest of the fleet. The F-117 is being replaced by the F-22 Raptor, which also has stealth technology.
Fifty-nine F-117s were made; 10 were retired in December 2006 and 27 since then, the Air Force said. Seven of the planes have crashed, one in Serbia in 1999.
Stealth technology used on the F-117 was developed in the 1970s to help evade enemy radar. While not invisible to radar, the F-117's shape and coating greatly reduced its detection.
The F-117, a single-seat aircraft, was designed to fly into heavily defended areas undetected and drop its payloads with surgical precision.

Sunday, March 09, 2008

Angry White Man

This article by Gary Hubbell is too good. I will have to quote it in full


There is a great amount of interest in this year’s presidential elections, as everybody seems to recognize that our next president has to be a lot better than George Bush. The Democrats are riding high with two groundbreaking candidates — a woman and an African-American — while the conservative Republicans are in a quandary about their party’s nod to a quasi-liberal maverick, John McCain.

Each candidate is carefully pandering to a smorgasbord of special-interest groups, ranging from gay, lesbian and transgender people to children of illegal immigrants to working mothers to evangelical Christians.

There is one group no one has recognized, and it is the group that will decide the election: the Angry White Man. The Angry White Man comes from all economic backgrounds, from dirt-poor to filthy rich. He represents all geographic areas in America, from urban sophisticate to rural redneck, deep South to mountain West, left Coast to Eastern Seaboard.

His common traits are that he isn’t looking for anything from anyone — just the promise to be able to make his own way on a level playing field. In many cases, he is an independent businessman and employs several people. He pays more than his share of taxes and works hard.

The victimhood syndrome buzzwords — “disenfranchised,” “marginalized” and “voiceless” — don’t resonate with him. “Press ‘one’ for English” is a curse-word to him. He’s used to picking up the tab, whether it’s the company Christmas party, three sets of braces, three college educations or a beautiful wedding.

He believes the Constitution is to be interpreted literally, not as a “living document” open to the whims and vagaries of a panel of judges who have never worked an honest day in their lives.

The Angry White Man owns firearms, and he’s willing to pick up a gun to defend his home and his country. He is willing to lay down his life to defend the freedom and safety of others, and the thought of killing someone who needs killing really doesn’t bother him.

The Angry White Man is not a metrosexual, a homosexual or a victim. Nobody like him drowned in Hurricane Katrina — he got his people together and got the hell out, then went back in to rescue those too helpless and stupid to help themselves, often as a police officer, a National Guard soldier or a volunteer firefighter.

His last name and religion don’t matter. His background might be Italian, English, Polish, German, Slavic, Irish, or Russian, and he might have Cherokee, Mexican, or Puerto Rican mixed in, but he considers himself a white American.

He’s a man’s man, the kind of guy who likes to play poker, watch football, hunt white-tailed deer, call turkeys, play golf, spend a few bucks at a strip club once in a blue moon, change his own oil and build things. He coaches baseball, soccer and football teams and doesn’t ask for a penny. He’s the kind of guy who can put an addition on his house with a couple of friends, drill an oil well, weld a new bumper for his truck, design a factory and publish books. He can fill a train with 100,000 tons of coal and get it to the power plant on time so that you keep the lights on and never know what it took to flip that light switch.

Women either love him or hate him, but they know he’s a man, not a dishrag. If they’re looking for someone to walk all over, they’ve got the wrong guy. He stands up straight, opens doors for women and says “Yes, sir” and “No, ma’am.”

He might be a Republican and he might be a Democrat; he might be a Libertarian or a Green. He knows that his wife is more emotional than rational, and he guides the family in a rational manner.

He’s not a racist, but he is annoyed and disappointed when people of certain backgrounds exhibit behavior that typifies the worst stereotypes of their race. He’s willing to give everybody a fair chance if they work hard, play by the rules and learn English.

Most important, the Angry White Man is pissed off. When his job site becomes flooded with illegal workers who don’t pay taxes and his wages drop like a stone, he gets righteously angry. When his job gets shipped overseas, and he has to speak to some incomprehensible idiot in India for tech support, he simmers. When Al Sharpton comes on TV, leading some rally for reparations for slavery or some such nonsense, he bites his tongue and he remembers. When a child gets charged with carrying a concealed weapon for mistakenly bringing a penknife to school, he takes note of who the local idiots are in education and law enforcement.

He also votes, and the Angry White Man loathes Hillary Clinton. Her voice reminds him of a shovel scraping a rock. He recoils at the mere sight of her on television. Her very image disgusts him, and he cannot fathom why anyone would want her as their leader. It’s not that she is a woman. It’s that she is who she is. It’s the liberal victim groups she panders to, the “poor me” attitude that she represents, her inability to give a straight answer to an honest question, his tax dollars that she wants to give to people who refuse to do anything for themselves.

There are many millions of Angry White Men. Four million Angry White Men are members of the National Rifle Association, and all of them will vote against Hillary Clinton, just as the great majority of them voted for George Bush.

He hopes that she will be the Democratic nominee for president in 2008, and he will make sure that she gets beaten like a drum.

Friday, March 07, 2008

Hillary's "silly" Irish Peace Claims

As is well known, the Oinkubus has never been one to let the truth stand in her way. So if she wants to claim the peace agreement in Northern Ireland to be her accomplishment, that is her prerogative. Whether or not it bears any resemblance to reality is of no consequence to her.


Hillary Clinton had no direct role in bringing peace to Northern Ireland and is a "wee bit silly" for exaggerating the part she played, according to Lord Trimble of Lisnagarvey, the Nobel Peace Prize winner and former First Minister of the province.

"I don’t know there was much she did apart from accompanying Bill [Clinton] going around," he said. Her recent statements about being deeply involved were merely "the sort of thing people put in their canvassing leaflets" during elections. "She visited when things were happening, saw what was going on, she can certainly say it was part of her experience. I don’t want to rain on the thing for her but being a cheerleader for something is slightly different from being a principal player."
Mrs Clinton has made Northern Ireland key to her claims of having extensive foreign policy experience, which helped her defeat Barack Obama in Ohio and Texas on Tuesday after she presented herself as being ready to tackle foreign policy crises at 3am.
"I helped to bring peace to Northern Ireland," she told CNN on Wednesday. But negotiators from the parties that helped broker the Good Friday Agreement in 1998 told The Daily Telegraph that her role was peripheral and that she played no part in the gruelling political talks over the years.

It gets even better.

Steven King, a negotiator with Lord Trimble’s Ulster Unionist Party, argued that Mrs Clinton might even have helped delay the chances of peace. "She was invited along to some pre-arranged meetings but I don’t think she exactly brought anybody together that hadn’t been brought together already," he said. Mrs Clinton was "a cheerleader for the Irish republican side of the argument", he added.
"She really lost all credibility when on Bill Clinton’s last visit to Northern Ireland [in December 2000] when she hugged and kissed [Sinn Fein leaders] Gerry Adams and Martin McGuinness."

That Hillary would side with the terrorists does not surprise me one bit.

Thursday, March 06, 2008

67
It would have been 68, but I misspelled Luxembourg.

Tuesday, March 04, 2008

Obama Claims Arab American Families Being 'Rounded Up'

This will be one of the many problems that he will solve with just a wave of his magic hand


In a televised twelve-second campaign spot aired in Texas, Senator Obama gives a stirring speech to a standing ovation. It is the predictable litany of American faults he will miraculously correct: literacy, expensive prescription drugs and insufficient civil liberties. However, he seems particularly concerned for Arab-Americans. "If there is an Arab American family being rounded up without benefit of an attorney, it threatens my civil liberties."

Barack would you please give us the names of these Arab American families, so we can unround them?


Monday, March 03, 2008

Happy Independence Day
Quote of the Week

"The challenge for our national economy in a world of competition is to become more like Texas and less like Ohio."

Having lived in both states, I can attest to this. A bad year in Texas is better than a good year in Ohio.
Real Interest Rates Have Gone Negative

During the month of February, the yields on the Treasury Inflation Protected Securities with maturities up to just over three years have gone from positive to negative:

Jan 15, 2009 maturity:

1/31/08 yield 0.142%, 2/29/08 yield -0.963%

Jan 15, 2011 maturity:

1/31/08 yield 0.339%, 2/29/08 yield -0.429%

April 15, 2012 maturity:

1/31/08 yield 0.574%, 2/29/08 yield -0.036%

Source: wsj.com