We’ve had an amazing run in the markets and many people think the bull will just keep on running. Maybe so. But eventually every bull runs out of steam even ones which are fed by the Fed.
We at ACC have been highlighting the “warrior cop” phenomenon for a couple of years. The militarization of police forces is a very bad thing for our country. Cops shouldn’t have MRAPs, and grenade launchers and they certainly should not have snipers actively scanning protests.
But a “federal police czar”? A czar? This is one of the most colossally stupid ideas I’ve heard in the past month and I just came from Washington DC.
Crony capitalism stinks all the away around but when young innovative companies engage in it it’s especially frustrating. Elon Musk, Mr. SpaceX and Mr. Tesla, has long benefited from the goodwill of the American (or in this case Texas) taxpayers.
One of the points we try to make here at ACC is that it’s not that “bad” people are in government and that what we need are “good” people to come in and take the reins. It is of course a very good thing when we are lucky enough to have honest people representing us in Washington, and it does happen, but generally it is the system that is the problem. It is too large. It runs too much of our lives. There is too much power vested in Washington. This power attracts the power hungry like moths to a bug zapper and often corrupts the decent people who find themselves in DC.
Some people get on us for pointing out that public employee unions are kind of a JV crony team which costs the taxpayers of this country billions each year. Invariably the people who benefit form unionized government work howl and insist that they are in fact the “good guys.” They are just trying to do their job and to be paid adequately for it. And oh, by the way, don’t touch their pension. We should focus our attention on the evil corporate America.
As Bill Frezza correctly identifies in the attached piece, the federal indictment of FedEx on drug trafficking charges is a shakedown pure and simple. For $1.6 billion.
Cough it up FedEx.
I am pretty sure the point the creators of this infographic are trying to make is that the bazillionares should “pay their fair share.”
I have a different take.
I would actually argue that this is an antiquated way of looking at things. I would be more interested to know which cities leaned more toward statism and which generally leaned away.
Well this is interesting. And as you can see all the major news outlets are all over this one.
Some people sure appear to be.