I lived just down the road from this farm for 3 years. Faquier County is a idyllic, pastoral area Just outside of the DC suburbs it is extraordinarily beautiful and the kind of place childless couples drive their BMW convertibles through on warm sunny fall afternoons. It’s a land of wineries and estates. And it is a place where families have held large swathes of land for generations. These families can be at times hostile to anyone who wants to do anything other raise Arabians on their land. This is the situation here.
Though this woman appears to be in compliance with her easement paperwork some in the county have a beef with her and as such she has been singled out by the county. This is her story.
Well no kidding Mr. Bernanke. What makes you think that? Now?
It should be noted that it is very hard to write campaign checks from prison. That is really frowned upon. Outside of the big house however funds can flow to influence peddlers freely. And Obama made it clear who the bankers owed for their “freedom” when he explained to a group of senior banking executives post-acute crisis that the only thing standing between them and the “pitchforks” was him.
So fellas, just so you know. I’m just trying to help you out. I sure would hate it if the Justice Department had to come sniffing around your firm. That’d be a tragedy.
The message was received. Heck, even Corzine is still running around the Hamptons.
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.
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.
Find your member’s phone number HERE.
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.
“if you don’t like the way I’m livin’ just leave this long haired country boy alone.”
– Charlie Daniels
Some people just want to be left alone. They don’t ask for anything other than peace and independence. It is an interesting, and in my opinion pretty desirable version of the American dream. No bills. Few neighbors. Quiet nights filled with stars. Many of these hardy souls have found refuge in the American Southwest. But even there the city folk encroach.
Living off the grid is a laudable goal. I certainly would love to do it at some point in my life. (My wife and children probably have a different opinion on the matter.) I mean, I’m not totally giving up the Internet or air conditioning, but if there is some super windmill which makes living off the grid and the Internet and air conditioning possible then I’m on it.
The people in the attached article don’t seem to need (or probably want) my necessary creature comforts.
Why can’t government just let people be?
Of course The Post thinks the fact that the public no longer trusts it is a bad thing. That a small group of media outlets can no longer completely dominate the news “narrative” is terrible in the eyes of one of the #oldmedia outlets. We wouldn’t expect them to like it. But that people no longer trust the “media” particularly the “legacy,” “old,” or “crony media” is actually a very good thing for the country.
It used to be that most Americans got their news from the local paper and Walter Cronkite and never even considered that they were being lied to and manipulated for political reasons. (Not that this was always the case.) Consider that Cronkite used to sign off of his broadcast with this little tag.
“And that’s the way it is.”
For Mr. Cronkite and his production staff maybe. Perhaps for the folks just down the road at The New York Times. But “That’s the way it is” is unbelievably arrogant. Yet at the time I’ll bet not that many people saw it that way.
Now we know better.
It happens. It hasn’t for a while. But it happens.
Still, pretty crazy if you think about it.
By Ron Paul
This month marks the seventh anniversary of the bursting of the housing bubble and the subsequent economic meltdown. The mood in Congress following the meltdown resembled the panicked atmosphere that followed the September 11th attacks. As was the case after September 11th, Congress rushed to pass hastily written legislation that, instead of dealing with the real causes of the crisis, simply gave the government more power.
Just as few understood the role our interventionist foreign policy played in the September 11th attacks, few in Congress understood that the 2008 meltdown was caused by the Federal Reserve and Congress, not by unregulated capitalism. Not surprising to anyone familiar with economic history, the story of the 2008 meltdown starts with the bursting of the Fed-created tech bubble.
Following the collapse of the tech bubble, the Fed began aggressively pumping money into the economy. This money flooded into the housing market, creating the housing bubble. The Bush Administration and the Republican Congress also added fuel to the housing bubble. These so-called “free-market” conservatives expanded federal housing programs in hopes of creating an “ownership society.”
If Congress understood the Austrian theory of the business cycle, it would have allowed the recession that followed the housing bubble’s inevitable collapse to run its course. Recessions are the economy’s way of eliminating the distortions caused by the Federal Reserve. Attempts by Congress and the Fed to end a recession via inflation and government spending will only lead to future, and more severe, economic downturns.
We wouldn’t put it past him. Indeed you can bet that long time “friends” like Boeing are leaning pretty hard on The Tanned One to make sure the Export-Import Bank, Boeing’s Bank, the taxpayer underwritten boondoggle for a few massive corporations, is revived from the grave for instance. The people who want Ex-Im gone are the same people who wanted Boehner gone. As such watch Boehner do the wrong thing here, either for old “friends,” out of spite, or both. He’s got one last chance to come through for the cronies and to thumb his nose at those who want a smaller government.
We’ll see how the rest of the day pans out. At this moment we’ve got an hour and a quarter to go. But medium term sentiment on Wall Street appears to be be shifting as we see yet another day of broad selling.
It’s been a weird ride since midsummer. Mostly down but with a few big pops up. The Dow is off 2000 points or so from its high. People are starting to look around with a little more adrenaline in thier veins. Is this it? Have we run out of gas? Are the predictions of the Fed critics coming true?
Again, we’ll see.
People in Washington DC are very concerned with “narratives” and “optics.” Such things drive the place in many respects.(Second only to money, and the 2 are entwined.) How do people think about stories? How do stories look in the eyes of the public. Spin. Bull. Propaganda.
Propaganda. It’s on the rise in this country, though it is not a new phenomenon. But now, the Obama administration is positioning psychologists and behavioral economists in government agencies in an effort to “nudge” the American public toward policies of which the administration – and the larger government apparatus approve. This is a new level of propaganda, more subtle. Potentially, much more dangerous.
As we have said before, many times, we are against crony capitalism and for capitalism not because “we just want to keep what’s ours.” Not because we feel some slavish devotion to an ethos of greed. (As some might call self interest.) But because the voluntary exchange of goods and services, capitalism, is the economic vehicle which raises more out of poverty and provides the most opportunity for everyday people. Where one can do business without the government or the local lord or mafia boss taking all the profits people can build wealth. They can then in turn invest this wealth. Which then in turn creates new jobs and new wealth creation and so on.
Where people can’t do business in an honest way wealth aggregates with cronies and eventually the broader economic system stagnates. Contracts aren’t respected. Investment wains. Jobs aren’t created or disappear. The everyday person is worse off. This is the reality of big government, and it creates poverty.
To deny this seemingly obvious reality (at least to us) is to condemn many people to lives of economic despair and social marginalization. We know the Pope doesn’t want that.
That Boehner is leaving is huge news generally and even bigger news for those of us who are concerned with the revival of the Export-Import Bank. Just yesterday we posted on the Speaker’s apparent willingness to work with Democrats to revive the crony program. Now the chess board has been tossed.
Attached is an interesting bit of history – it was last night – from reporter Jennifer Steinhauer at The Washington Post. A little bit of humanity (the kind we don’t usually see or hear about) from the hallowed halls of the Capitol Building.