The Fed is never going to raise rates (?), Economy facing headwinds from overseas, Job participation rate 38 year low

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As we’ve said China is driving things economically right now. The Federal Reserve doesn’t want to say it. It wants everyone to think that though our boat is leaking it is unlikely to leak as much as the rest of the the world’s economic “boats”. And right now that may be true. But we are still taking on water. The Great Economic Experiment post 2008 is failing, as many of the more market oriented have long predicted, and now the American central bank has very few options.

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Congressman Stephen Fincher: From Tea Partier to corporate welfare champion

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The old joke is that many a congressperson gets elected by explaining to his constituents that he going to go to Washington so that he can drain the swamp. But once he gets to DC he decides that the “swamp” is more like a hot tub and he slides right in, martini in hand. Looks like we lost another one to the hot tub.

And the guy is from West Tennessee too. Real “Murica” (in the best sense.) Sounds like the boys in Jackson need to take a trip up the highway to set their Congressman straight.

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CBS Goes on the Defensive After Clinton Emails Reveal “Planted” Questions for Wikileaks Interview

We posted on this yesterday. But it’s worth another look.

So a staffer at the State Department said in an email (revealed in one of the Hillary email dumps)  that the agency had “planted” questions in a 60 Minutes interview with Julian Assange.

“Planted” is the word used by the staffer as one can see in the below email.

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French people are so underworked it’s leading to clinical depression

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I was recently going through the checkout line and I overheard the cashier talking to the bagger. “Man, if I could just get paid for doing nothin’. That’d be sweet.”

I looked right at the cashier who was all of 18 or so and I said that I disagreed. A really sweet job was one which provided a living while one did meaningful and enriching work. Doing nothing is boring.

Both the cashier and the bagger agreed that meaningful work was better than doing nothing. Then we talked about cars.

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Native Americans Can Now Grow and Sell Marijuana Legally on Reservation Lands

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Each sovereign reservation will have the choice whether to legalize or not. But this is progress I’d say.

My feeling is that if Native Americans can make some money off of liberalizing paternalistic laws, gambling, pot, I say good for them.

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The US Chamber of Commerce wants free market conservatives/libertarians gone from Congress, Will spend $100 million to kill TEA Party

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Somehow, for many people, the TEA Party has become some sort of social conservative thing. This is the dominant narrative repeated in much of the press and indeed some social conservatives have tried to run with this recharacterization.

But the TEA Party wasn’t and isn’t about social issues. It is about reducing the size of government. It is about bringing the political class in line. It is about We the People saying ENOUGH! And most importantly it is about being TAXED ENOUGH ALREADY. T-E-A.

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Economists Can’t Find the Silver Lining in Today’s Jobs Report

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The good news is the market seems to be shrugging of the relatively bad news. The assumption is that the Federal Reserve is unlikely to raise rates before the end of the year in light of the jobs report. The central bank won’t raise rates because it can’t, though it wants to. (Most people think anyway. Some think the Fed has no intention at all of raising rates anytime soon. They are the small minority though.) As such Wall Street gets to continue enjoying 0% rates. So the Street sees at least a bit of a silver lining (for itself) even if “economists” do not.

The jobs numbers are quite poor but not grim. In light of the Chinese, and increasingly global slowdown the dip in the number is of serious concern however.

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Republicans move to revive government bank loathed by conservatives

Ohio Congressman Steve Stivers who is in charge swaying Republicans to join Democrats to restart Ex-Im, Boeing's Bank.

Ohio Republican Congressman Steve Stivers who is in charge swaying Republicans to join Democrats to restart Ex-Im, Boeing’s (and GE’s) Bank.

Find your member’s phone number HERE.

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Questions About Leak at Federal Reserve Escalate to Insider-Trading Probe

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Hey, now this is interesting. Don’t expect much to come of it though. This stuff always seems to fade away with the Fed. Remember the email which went out to a bunch of the big banks containing Fed minutes information before the Fed minutes were officially released? As far as we know nothing was done about that. Why should we expect anything different this time?

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In Uber fight, London may mandate five-minute wait for a ride

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Why, other than blatant pro cab company cronyism is such a restriction being put on Uber drivers? Uber is a better product than your standard cab ride. It makes more sense than the antiquated cab companies of old. In most cases it’s cheaper and the service better than what we used to have. But the buggy whip…er…I mean… taxi companies around the world have worked to shut out competition by enlisting crony friends in city governments in an effort to stop legitimate progress.

At least London cabbies aren’t beating up Uber drivers (with union blessing) like they are in Paris.

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Over $700,000 for each job “created” over 45 years, Like Ex-Im The Overseas Private Investment Corporation needs to die and stay dead (VIDEO)

The charter for OPIC expired but it still has an IV in its vein, much like the Export-Import Bank does at this moment. But lawmakers need to pull the plug. Flatline style.

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Obamacare co-opts imploding everywhere, billions of your tax dollars wasted

Gee, usually things which are this complicated usually work like a charm. Please note that the amount of graft (legal and otherwise) is comesurate with the complexity of a government program. There are probably thousands of revenue streams for cronies of various sorts in Obamacare.

Gee, usually things which are this complicated work like a charm. Please note that the amount of graft (legal and otherwise) is commensurate with the complexity of a government program. There are probably thousands of revenue streams for cronies of various sorts in Obamacare.

There are people who honestly believe that markets are some sort of human construct, that supply and demand aren’t as simple as water flowing downhill. These people have done great damage to our economy and our society over the years. The Obamacare “co-opts” are just the latest example of this kind of magical policy thinking.

Markets are natural phenomena. Ebb and flow. But they can be inconvenient for some who would like to construct a new reality out of whole cloth. Kind of like how gravity is inconvenient for those who would like to be able to jump to the moon.

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Life in an American concentration camp (Beautiful photos from a Japanese-American “internment camp.”)

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The story of the forced internment of Japanese Americans, American citizens, probably most of them born in this country, many multiple generations deep in the USA, is one of the things which sent me down the small government road way back when I was a kid. How was it that the AMERICAN government could do this to AMERICAN citizens? How could we, the land of the free, have a government powerful enough to commit such a horrible injustice? I was young and naive, but fundamentally the crime committed by FDR, and I think it’s fair to say crime, struck me as almost unbelievable.

Sadly it really did happen. There is a reason why my grandmother said that FDR was the closest this country had ever come to a dictator.

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Top Secret Service official urged release of unflattering information about congressman (Chairman of the committee which oversees Secret Service)

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This isn’t surprising. And it begs the question – What other agencies are sitting on “embarrassing information” about other members of Congress and other government officials? The FBI had files and files on Kennedy, and likely every other president since. I imagine they still have files going on lots of elected officials, likewise the NSA, the Secret Service, and who knows what other alphabet soup agencies.

But it’s one thing to have a file. (Still not cool, but let’s be real.) It’s another to leak such information to undermine the chairman of the committee which polices your agency.

Let’s see if any heads roll on this one. Given the recent track history of this administration on similar matters I won’t hold my breath.

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