Reid Withdraws Request to Use ‘Slush Funds’ to Pay for Senate Wind Down Costs

Hey, alright. This is good to see. We covered Reid’s original request HERE. We are glad to see that common sense (for once) seems to have triumphed.

Sorry, soon to be former senator Reid, but you’re going to have to pay for your personal assistant and Lord only knows what else by yourself. I’m sure you’ll figure out a way to cover the costs.

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To All Those New York City Journalists Horrified By Cruz’s Jab: Get Over Yourselves

The best thing to come out of New York.

I like New York. Half of my family is from Manhattan (“Dry dock Country” as they say). I’ve been backstage at Carnegie Hall. I’ve run around Central Park plenty of times. I’ve wandered the canyons of Downtown and been in the kind of clubs many folks think died in 1981. I’ve spoken on the stage of the Cipriani and in the shadow of the new World Trade Center. I had too many beers in the straight bar (and former Kerouac hangout) right next to the Stonewall.

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CNBC: A recession worse than 2008 is coming

Image: CNBC

For the record, we have been calling this for a good while now. We warned of slowing in the Ultimate Crony Capitalist State, China. We warned that the great neo-Keynesian experiment was destined for an ugly end (and we are by no means the only ones who said this).

Is this THE turn? It looks increasingly so but the next few months will show us for sure. Will it be worse than 2008?

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How Laissez-Faire Made Sweden Rich

An excellent piece of history here. Sweden became an economic leader because of its long commitment to liberal markets and free trade. The wealth created from this free market situation (more free market than the US at the time according to the author) was then taken for granted and many believed that this wealth could be used to finance a cradle to grave welfare state. Turns out wealth needs to be generated on an ongoing basis and regulating commerce into oblivion is not a prescription for long term prosperity.

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Crony farmers, corporate welfare, and the ongoing scamming of the taxpayer in the name of “farming”

This article reminded me of a parody Funny or Die did of a Dodge truck commercial a couple of years ago entitled “God made a factory farmer.”


Farming is one of the croniest areas of the American economy. The industry is rife with subsidies of all sorts, herds of lobbyists, Republican pandering (and Democrat pandering too though most of the Dems have been chased to the cities), and inside political deals of all sorts.

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Stadiums and the Olympics are giant politician driven ripoffs (Video)

Word is that the St. Louis Rams are headed back to Los Angeles. The reason? St. Louis wouldn’t spend enough of its taxpayer’s money on a new stadium to keep the franchise.

I say, St. Louis, good for you. Let the NFL owners pay for their own stadiums. (Not that politicians in other cities won’t put their constituents on the hook.) The NFL has gotten boring anyway.

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A National ID Card Is Coming Soon — and You Will Need It to Fly and Drive

Let’s just make sure everything’s in order…

It’s for your own good you know. If the government didn’t track your whereabouts who would? And what if you’re a terrorist? What then? Yes, everyone must now subject themselves to the ever prying state wherever one goes. Because you know, that’s the spirit of America, land of the free and home of the brave.

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After Poland Compares EU To Nazis, Brussels Launches “Unprecedented” Review Of Polish Media Laws

Big surprise that the NPR coverage of this story this morning emphasized the European Union’s supposed commitment to “the rule of law.” The backward Poles we were to understand were the ones in the wrong, and now Brussels (really Berlin) had to deal with the Warsaw yokels.

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Societe General economist: S&P will plunge 75% on China deflation

That’s a bold statement. So bold that if Mr. Edwards turns out to be right it will be one of the greatest calls ever.

The underpinnings of his analysis are sound. Financial assets have been inflated artificially since March of 2009 and we are now (according to Edwards) going to see the deflation of that bubble back to more or less where we were around the time of the Crash.

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Did Your Senators Vote to Audit the Fed?

Here’s another list to cross check with whether your senator voted “yea” on the Omnibus bill.

I look at it this way. We are starting to get a very clear picture of who is on what side of the great crony debate. Those who think that the status quo can continue, even at this late date, need a wake up call in November.

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US oil stumbles below $30 for first time since Dec 2003 – Break out the Suburban and Humvee! (Just kidding please don’t)

This is it guys! Whoopee! Gas is cheap again and going to be cheaper. Oil is under $30 a gallon. It’s cheaper than before we started bombing Saddam! Yay! Hoot! … I say yay! … Yay?

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Supreme Court may limit ability of public unions to forcibly take money from ‘members’

This would be a positive for the country. (Though some will of course wail.) Unions shouldn’t be able to just take money out of people’s paychecks just because a particular union says that it represents a particular worker. That’s crazy.

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Former Dem Senator Has Lucrative History With New Lobbyist Employers

You know you really shouldn’t feel bad when senators lose their seats (because I know you do). They never really go away. They just get their wingtips and join the ranks of lobbyist heaven on K Street. Sure the official power is gone, but the pay in the “private sector” is so much better. More often than not senators are just fine.

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FBI’s Clinton probe expands to public corruption track

How much weirder is this election going to get? If history is an indication (and it usually is) probably weirder still.

Looks like the old FBI is expanding its investigation into Ms. Clinton’s time as Secretary of State beyond her email issues.

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Wow: Clinton Considered Secret Plan to Spark Palestinian Protests, Sought To Use Clinton Foundation Donors to Pressure Israel

OK, this is pretty darn interesting. So some of the folks at State thought it would be a good idea to foment unrest in the Palestinian Territories (or whatever you want to call them) to force Israel to the negotiating table? Gee, I wonder why Netanyahu has such a problem with the current White House?

Anyone who reads us regularly knows that we have our issues with Israel, significant issues. On the other hand we also recognize Israel as an important ally (if not always a friend) in the Middle East.

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