On Campus: The Pro-Palestinians' Real Agenda

Interesting article:

During a recent visit to several university campuses in the U.S., I discovered that there is more sympathy for Hamas there than there is in Ramallah.

Listening to some students and professors on these campuses, for a moment I thought I was sitting opposite a Hamas spokesman or a would-be-suicide bomber.

I was told, for instance, that Israel has no right to exist, that Israel’s “apartheid system” is worse than the one that existed in South Africa and that Operation Cast Lead was launched only because Hamas was beginning to show signs that it was interested in making peace and not because of the rockets that the Islamic movement was launching at Israeli communities.

I was also told that top Fatah operative Marwan Barghouti, who is serving five life terms in prison for masterminding terror attacks against Israeli civilians, was thrown behind bars simply because he was trying to promote peace between Israelis and Palestinians.

Furthermore, I was told that all the talk about financial corruption in the Palestinian Authority was “Zionist propaganda” and that Yasser Arafat had done wonderful things for his people, including the establishment of schools, hospitals and universities. Read more...

FDR's policies prolonged Depression by 7 years, UCLA economists calculate

In an article in the August issue of the Journal of Political Economy, Ohanian and Cole blame specific anti-competition and pro-labor measures that Roosevelt promoted and signed into law June 16, 1933.

"President Roosevelt believed that excessive competition was responsible for the Depression by reducing prices and wages, and by extension reducing employment and demand for goods and services," said Cole, also a UCLA professor of economics. "So he came up with a recovery package that would be unimaginable today, allowing businesses in every industry to collude without the threat of antitrust prosecution and workers to demand salaries about 25 percent above where they ought to have been, given market forces. The economy was poised for a beautiful recovery, but that recovery was stalled by these misguided policies." [snip]

"The fact that the Depression dragged on for years convinced generations of economists and policy-makers that capitalism could not be trusted to recover from depressions and that significant government intervention was required to achieve good outcomes," Cole said. "Ironically, our work shows that the recovery would have been very rapid had the government not intervened."

Riddle Me This

Why is it that people seem to think it's o.k. to "tax the rich"? What is "rich"? And how did Mr O come to decided that families/people making $250k + are rich? What if you've worked years and years, struggling, scraping, bumping your hump (or in some folks case, humping your bump) to get to that "rich" point of $250k and now, guess what, your fellow Americans and Mr O want to take it away from you. Penalize you. Take from you. TAKE. TAKE. TAKE. Think people. Think.

For those not versed in Economics*:

Lesson 1: That 95% who WON'T be taxed and why this is a big fat lie:
Who Pays for the Cap and Trade? Hint: They were promised a tax cut during the Obama campaign.

Politicians love cap and trade because they can claim to be taxing "polluters," not workers. Hardly. Once the government creates a scarce new commodity -- in this case the right to emit carbon -- and then mandates that businesses buy it, the costs would inevitably be passed on to all consumers in the form of higher prices. Stating the obvious, Peter Orszag -- now Mr. Obama's budget director -- told Congress last year that "Those price increases are essential to the success of a cap-and-trade program."

Hit hardest would be the "95% of working families" Mr. Obama keeps mentioning, usually omitting that his no-new-taxes pledge comes with the caveat "unless you use energy." Putting a price on carbon is regressive by definition because poor and middle-income households spend more of their paychecks on things like gas to drive to work, groceries or home heating.

Lesson 2: For all non-economists: FDR did NOT bring us out of the depression. The NEW DEAL extended it. “Government intervention,” says Amity Shlaes , “helped make the Great Depression great.”

Speaking of greatness...Sayeth Mark Steyn:

National Greatness: FDR put the "Great" in the "Great Depression". Lots of other places - from Britain to Australia - took a hit in 1929 but, alas, they lacked an FDR to keep it going till the end of the Thirties. That's why in other countries they refer to it as "the Depression", but only in the US is it "Great".

(I'm confident President Obama will be able to bring us the world's first Totally Awesome Depression.)

History and facts are important folks if we're going to get out of this deepening crisis. And it IS getting worse. If you are getting ready to retire and hope to pull from your 401k, I am sorry, there is nothing there for you. You are YO-YO.

*note: I was an Economics major.

He looks like he needs a cigarette

Welcome, Prez Obama, to the world of actually managing things and having responsibility for the consequences. McCain would have the same problem, no doubt. They are both "gov't types". Never ran anything. Never really had true responsibility for others' lives. Born of a bureaucracy laden with do-nothings, know-it-alls and judge-alls:

Sources close to the White House say Mr Obama and his staff have been "overwhelmed" by the economic meltdown and have voiced concerns that the new president is not getting enough rest.

British officials, meanwhile, admit that the White House and US State Department staff were utterly bemused by complaints that the Prime Minister should have been granted full-blown press conference and a formal dinner, as has been customary. They concede that Obama aides seemed unfamiliar with the expectations that surround a major visit by a British prime minister.

But Washington figures with access to Mr Obama's inner circle explained the slight by saying that those high up in the administration have had little time to deal with international matters, let alone the diplomatic niceties of the special relationship.

Allies of Mr Obama say his weary appearance in the Oval Office with Mr Brown illustrates the strain he is now under, and the president's surprise at the sheer volume of business that crosses his desk.

A well-connected Washington figure, who is close to members of Mr Obama's inner circle, expressed concern that Mr Obama had failed so far to "even fake an interest in foreign policy".

A British official conceded that the furore surrounding the apparent snub to Mr Brown had come as a shock to the White House. "I think it's right to say that their focus is elsewhere, on domestic affairs. A number of our US interlocutors said they couldn't quite understand the British concerns and didn't get what that was all about."

The American source said: "Obama is overwhelmed. There is a zero sum tension between his ability to attend to the economic issues and his ability to be a proactive sculptor of the national security agenda.

"That was the gamble these guys made at the front end of this presidency and I think they're finding it a hard thing to do everything."

Ask Not What Your Education Can Do for You...

From Reason:
While researching this week's column, I was struck by this passage about education in President Obama's recent speech to Congress (emphasis added):

It is our responsibility as lawmakers and educators to make this system work. But it is the responsibility of every citizen to participate in it. And so tonight, I ask every American to commit to at least one year or more of higher education or career training. This can be community college or a four-year school; vocational training or an apprenticeship. But whatever the training may be, every American will need to get more than a high school diploma. And dropping out of high school is no longer an option. It's not just quitting on yourself, it's quitting on your country—and this country needs and values the talents of every American.

The collectivism implicit in this rhetoric is pretty creepy. Evidently all of us have a duty to optimize our educations so we can maximize our earnings and give our country the full benefit of our talents. "Every American will need to get more than a high school diploma," Obama decrees. But why stop there? If someone with strong mathematical and spatial reasoning abilities majors in sociology instead of engineering, it's plain that he will not be giving his country as much value (and tax revenue) as he could. What about the potential doctor who decides to play the violin or the writer who could have been a software developer? Given Obama's premise, it's hard to see why such choices should be permitted, especially when the country is so generously subsidizing higher education.

I can't help but compare this mindset to communist Russia.

Wow. Just...Wow

“[T]he truly unforgivable mistake of the Chinese authorities was the failure to intervene on a timely basis to nip the demonstrations in the bud, rather than — as would have been both wise and efficacious — to intervene with force when all other measures had failed to restore domestic tranquility to Beijing and other major urban centers in China. In this optic, the Politburo’s response to the mob scene at ‘Tian’anmen’ stands as a monument to overly cautious behavior on the part of the leadership, not as an example of rash action…

“I do not believe it is acceptable for any country to allow the heart of its national capital to be occupied by dissidents intent on disrupting the normal functions of government, however appealing to foreigners their propaganda may be. Such folk, whether they represent a veterans’ ‘Bonus Army’ or a ’student uprising’ on behalf of ‘the goddess of democracy’ should expect to be displaced with despatch [sic] from the ground they occupy.”

Obama's (and ours) head of National Security Council.

Good to know.

Shades of Waco...Ruby Ridge...? Let's hope not.