NOVATOWNHALL

has been reconceptualized yet again

Archive for the 'Socialism' Category

Their Plan Is Working

October 10th, 2008 by jack

First, destroy the economy by creating government corporations that separate risk from reward in the mortgage lending.  Then, force banks to make bad loans and have the government corporations buy some of them.  (But not all, because you want the banks to collapse too.  You just need enough to control the market.)  When you have driven the housing market to sky-high prices, let the bottom fall out.  The government will have to bail out the banks, and in doing so, the government can take over the banks as a condition for doing so.  Even better, put up a sock-puppet for President just as you engineer the collapse, blame the collapse on the other party so you get the sock-puppet elected, and you control the Presidency, too.

Socialism, here we come.  Brought to you by the Socialist Democrat Party.

Addendum: I neglected to mention one critical part of the plan — take over the public school system to create a populace too ignorant of economics and history to understand what you are doing.

Category: Campaign 2008, Den of Thieves, Economics, Socialism | 7 Comments »

Do we really want to delay economic recovery?

October 9th, 2008 by Brian Withnell

Someone finally looked at the great depression, and figured out that FDR had nothing to do with the recovery, and likely caused the depression to last 7 years longer than it should.

The Dems got it wrong before, and they will get it wrong again if they are in office. Do we really want economic melt down yet again? The socialism of FDR kept the country from recovery until the war got him out of trouble. We don’t need the Dems needing another war to get us out of a slowdown.

Category: Campaign 2008, Politics, Socialism | 1 Comment »

Bank Regulations Accelerated Financial Collapse

October 8th, 2008 by jack

Yes, contrary to all the socialists’ claptrap that lack of regulation lead to the current financial collapse, it was in fact SEC accounting and capitalization regulations that accelerated the collapse.  The primary culprit is the “fair-value rule,” S.F.A.S 157, a.k.a. Mark-to-Market.  That regulation says that banks must carry assets at their current fair-market value — what they can be sold for today.

Now, let us say that I own a bond, which I intend to hold until maturity, and which I fully expect to be paid.  Previously, one could compute the Present Value of the bond, assuming it to be held to maturity, and assuming some nominal inflation rate.  With the Fair Value rule, the value of that bond is determined by the current state of the market.

The Fair Value Rule is not bad in and of itself — it does give investors a better sense of the book value of the companies of interest.  However, the Fair Value Rule did not stand alone.  Banks are required to keep a certain amount of capitalization.  So, when the market tanked, banks were forced to sell assets to keep up the capital reserves.  Barron’s said it better than I can:

Mark-to-market accounting, which stipulates that assets be carried on balance sheets at their current market price, has been blamed for exacerbating the credit crisis. By requiring writedowns on loans and securities that have declined in price, institutions have to make a corresponding reduction on the other side of the balance sheet, to capital. That only worsens the credit crunch.

“Ending the credit crisis will be highly unlikely without some type of accounting accommodation,” according to Bridgewater Associates, the highly respected institutional money manager. “Because mark-to-market accounting on existing assets threatens bank capital today, it increases solvency concerns today, which raises funding costs and accelerates the need to sell assets today, which depresses the prices of those assets, which threatens capital and raises funding costs.

This rule may be relaxed or removed soon, but it may be too late.  We have again paid the price of unintended consequences of government meddling and ineptitude.  Will we ever learn?

Category: Economics, Socialism | 25 Comments »

Socialism-Plain And Simple!

October 8th, 2008 by ACTivist

obamaski.jpg

Brokaw: “Do you think that health care is a priveledge, a right or a responsibility?”

McCain: “It’s a responsibility.” Maybe.

Obama: “It’s a right.” 

Really?  It’s in the Constitution?  They call what you want an entitlement, Barry and that is NOT in the Constitution!  When elected officials and others in the government-especially the president-lay their hand on that Bible (in your case Chairman Mao’s Red Book) and swear to “uphold the Constitution”; it does not mean circumvent with entitlements.

I have been alive for most all of the Cold War. A generation exists that has no understanding of what socialism is or does to a populace.  It has infected our system slowly and, like a cancer, continues to fester out of control.  The legislative branch of our government is just about terminal.  The Executive branch is very close and the Judicial branch is teetering.  Time and again it has been proven that once you allow your freedoms to be eliminated, it takes a hard-fought uphill battle and a great length of time to get SOME of them back.  Do you really think the Russians are happy with their lives?  The old USSR is not dead.  Do you really believe that all Germans loved Hitler and what he had done to their country?  Do you people who think that Osama-bama is the next Messiah really believe that he will deliver what he promises?  If so, what do you think that YOU will have to give up and sacrafice?  At what point will you begin to fight back?  When he dictates the car you drive; the school your children go to; the curiculum they are forced to learn and ingest; the type of house and its size; etc.  How about “community service”?  He wants to double the Peace Corps.  What he might really intend is to MANDATE community service, where dictated, for all.

This campaign, in any sense of the imagination, is not a joke.  This philosophy is DANGEROUS to a democracy.  You can say later you made a mistake but you know what they say about hindsight.  Don’t be selfish and don’t be conned.  Think of the U.S. as a whole and tell this guy NO OBAMA!!!

Category: Campaign 2008, Economics, Obama files, Philosophy, Politics, Socialism | 17 Comments »

Being a Socialist, Senator Биден Doesn’t Understand the Economy

October 3rd, 2008 by jack

Here, straight from the mouth of Товарщ Биден, we have one of the basic fallacies of modern socialism:

We’re going to focus on the middle class, because it’s — when the middle class is growing, the economy grows and everybody does well….

And later, repeating himself:

 The economic engine of America is middle class. It’s the people listening to this broadcast. When you do well, America does well. Even the wealthy do well.

Finally, this nugget:

The middle class is the economic engine.

As on most everything else, Товарщ Иосиф is wrong here, too.  In fact, he has it completely backward.  When the economy grows, the middle class grows, not the other way around.  It is not the people who are struggling who create jobs, but those who have money to spare.

Today, the House is expected to vote on the $700B bailout.  Where will the money come from.  Read the bill.  The fed will sell bonds to raise the money.  Who’s going to buy the bonds — the middle class?  No.  The rich are.

And that brings us to the dirty little secret — the real reason the leftists don’t want to lower taxes on the wealthy.  If the marginal rates on the wealthy are reduced, the value of the fed’s tax-exempt bonds are reduced, and the fed has to pay a higher interest rate on them to attract buyers.

Category: Campaign 2008, Economics, Socialism | 37 Comments »

Иосиф Биден, Socialist

October 2nd, 2008 by jack

I’d like to ask the leftists on this blog to define “fair” as used by Senator Биден to justify raising taxes on the wealthy.

Update: O’Bama and Биден want to raise taxes only on the top 5% of earners.  That top 5% already pays 60% of the federal income taxes in this country.  So when you hear the leftists bitch that 50% of some tax break will go to the top 5%, remember that that tax cut will actually increase the percentage of the income tax they pay.

Category: Campaign 2008, Socialism | 31 Comments »

Holy Sh!t

September 8th, 2008 by jack

How else can one respond to the government’s takeover of Fannie Mae and Freddie Mac?  I’m sure our resident socialists will be happy (or at least they would be if anyone but Bush had done it), but this is unbelievable.  Where the hell is Bush’s constitutional authority to take over these companies and assume such massive debt?  And even better, according to the LA Times:

Domestic reports indicate that China holds about $376 billion of Fannie and Freddie debt, Cao said, “so if those two companies went bankrupt, with all the securities that China’s central bank and the foreign exchange bureau hold, they could also go bankrupt.”

He said China’s central bank’s capital amounts to just $3 billion to $4 billion, after huge losses from the falling U.S. dollar and housing market. “I believe the central bank will definitely decrease the proportion of dollars” that it holds in the future, Cao said, echoing sentiments across Asia.

Tim Condon, chief Asia economist for ING Financial Markets in Singapore, thinks stock and bond markets in Asia, excluding China, will likely be big beneficiaries of the Fannie-Freddie rescue plan.

All the more reason to let them fail.  China’s purchase of these bonds fueled the bubble, so China should lose when the bubble bursts, not be bailed out by people (U.S. Taxpayers) who have been paying ludicrous prices for housing brought on by cheap debt, never-mind the increased property taxes.  That’s called Capitalism — you places your bets and you takes your chances.

But no, we have to bail out not only the idiots that took out adjustable rate mortgages when interest rates were at all-time lows (where did they think the interest rates were going to go, anyway?), but we also have to bail out the idiots who lent money to people who were taking such loans because they could not afford the higher interest rate of a fixed-rate mortgage.  When failure has no consequences, behavior gets riskier and riskier.  Actually, that’s wrong, because there is no risk anymore!  The risk is taken on by the government (taxpayers)!

I have to say it again: Holy sh!t.

Category: Economics, Politics, Socialism | 13 Comments »

A Question for the Socialists

September 5th, 2008 by jack

Here’s a simple question for our Socialist/Marxist friends:

Does someone who retires at 65 with $500k in the bank deserve as much government assistance as someone the same age who has worked at minimum wage jobs, 40 hours a week, from the age of 18?

Why or why not?

Category: Campaign 2008, Economics, Socialism | 14 Comments »

The Olympic Charade

August 18th, 2008 by jacob

Between the phony fireworks display and the little girl miming her lines there appears to be a lot of chicanery on the part of the socialist dictators in Beijing. There is fear in China. The people, wisely, fear their government. Government fears the people. This is socialism in the age of the internet.

Read the rest of this entry »

Category: Socialism | 5 Comments »

Pro-Life Nutjobs!

June 16th, 2008 by ACTivist

In the communist Post today was a story about faith based drugstores starting to crop up around the states.  One will actually be opening soon in Chantilly.  This is nothing more that an alternative to your society stores that also carry the profanity magazines as well “other” sexual aids.  Here in part is the article.

“The United States was founded on the idea that people act on their conscience-that they have a sense of right and wrong and do what they think is right and moral” said Tom Brejcha, president and chief counsel at the Thomas More Society, a Chicago public interest law firm that was fined and reprimanded for refusing to fill prescriptions for birth control pills.  “Every pharmicist has the right to do the same thing,” Brejcha said.

But critics say the stores could create dangerous obstacles for women seeking legal, safe and widely used birth control methods.  “I’m very, very troubled by this,” said Marcia Greenberger of the National Women’s Law Center, a Washington advocacy group.  “Contraception is essential for women’s health.  A pharmacy like this is walling off an essential part of health care.  That could endanger women’s health.”

Say WHAT?  This is liberal speak for ” we got to ban guns because they are a public health risk.”  Yeh, I get it.  Here’s more.

Some pro-life pharmicies are identical to typical drugstores except that they do  not stock some or all forms of contraception.  Others also refuse to sell tobacco, rolling papers or pornography.

Some critics question how such pharmicies justify carrying drugs, such as Viagra, for male reproduction issues, but not those for women.  “Why do you care about the sexual health of men but not women?” asked Anita L. Nelson, a professor of obstetrics and gynecology at the David Geffen School of Medicine at UCLA.  “If he gets his Viagra, why can’t she get her contraception?”

Viagra is a contraceptive?  Oh, please tell me it’s not soooooo!

“in general, I think product differentiation expressive of differing value is a very good thing for a free, pluralistic society,” said Loren E. Lomasky, a bioethicist at the University of Virginia in Charlottesville.  “If we can have 20 different brands of toothpaste, why not a few different conception of how pharmicies ought to operate?”

Others maintain that pharmicists, like other professionals, have a responsibility to put their patients’ needs ahead of their of their personal beliefs.  “If you are a health care professional, you are bound by professional obligations,” said Nancy Berlinger, deputy director of the Hastins Center, a bioethics think tank in Garrison, N.Y.  “You can’t say you won’t do part of that profession.”

Excuse me?  You mean that anyone that takes the hippocratic oathe should violate the oathe and their own beliefs so that you could, say, have an abortion because it is legal to do so?

What is being said from the opposition is that they want it their way.  How dare we try to have any morals or seek to cater to a specific group.  Get this:

Critics also worry that women might unsuspectingly seek contraceptives at such a store and be humiliated, or that women NEEDING the morning-after pill, which is most effective when used quickly, may waste PRECIOUS time.  “Rape victims could end up in a pharmacy not understanding this pharmacy will not meet their needs,” Greenberger said.  STOP!  What is a rape victim doing in a pharmacy?  They should be at the hospital or police station.  Rape is a crime-not a wound in need of some antiseptic and a band-aid! Continue.  “ We’ve seen an alarming developement of pharmicists over the last several years refusing to fill precriptions…”  (What kind of prescriptions would that be?)

You get the gist.  Now let the fun begin.  I say if you’re Chik-filet and you don’t want to do business on Sunday for religious reasons then GOD bless you!

Category: Abortion, Culture, Socialism, religion | 48 Comments »

Obama: “We can make progress…”

April 15th, 2008 by joe

Barack and Michelle Obama
Yes, it’s old news, but it’s important enough to recall this quote periodically to ensure everyone goes into the voting booth with eyes wide open:

But the truth is, is that, our challenge is to get people persuaded that we can make progress when there’s not evidence of that in their daily lives. You go into some of these small towns in Pennsylvania, and like a lot of small towns in the Midwest, the jobs have been gone now for 25 years and nothing’s replaced them. And they fell through the Clinton administration, and the Bush administration, and each successive administration has said that somehow these communities are gonna regenerate and they have not. So it’s not surprising then that they get bitter, they cling to guns or religion or antipathy to people who aren’t like them or anti-immigrant sentiment or anti-trade sentiment as a way to explain their frustrations.

Category: Campaign 2008, Socialism | 9 Comments »

Jury Trials, Voting and Compassion

February 19th, 2008 by ACTivist

I am about to give you an example of apples and oranges and show how they can be different yet mix well together and become compatible.

I was recruited for jury duty in a capital murder case.  To make this short, this person killed their spouse.  The defender presented a wonderful case and suppressed gobs of incriminating evidence.  The prosecutor was espousing facts without producing evidence or substance.  This was sad.  3 of us on the jury got it.  2 copped out because of job hardships (that’s why there are alternates) and the other nine were individual fixated on one (and different) piece of evidence.  After days of fact finding and discussion I realized that it is like conservatives and liberals.  Not much gets done.  Well, compromises were made to keep the jury from being hung and starting over on a lesser charge.  The jury presented its verdict to the judge for 6 and one half years.  3 of these were mandatory by state for using a firearm in the commision of a felony.  Thank the law for small favors.  The judge at sentencing did not reduce this sentence.  We later read that a piece of evidence was omitted where the defendant admitted killing his spouse (non-chalant as it was) for making aspersions of his manhood.  How utterly pathetic.  The defendant got away with murder and it only cost 6 and a half years.  Why?  Compassion.

We have lived thru the last local elections and we are already talking about more schools and higher taxes.  We pay our local officials higher salaries and they give us social programs that they want to fund.  Loudoun is looking to build ANOTHER new government center.  Isn’t this a recession?  State government has faired no better with there wants.  They want to build a new general assembly building (temporarily) with funding to study a permenant location.  How to pay for this when we are strapped for cash and the governor (little g for a little gov) can’t get his socialist programs enacted?  How about an extra 5 cent state tax per gallon of gas!  What?  Gas is over three bucks; what’s another nickle.  Next in line are the candidates for the White House.  Socialists with promises of freebies for everyone.  What about the illegals you say?  No big deal.  There are bigger fish to fry like getting our soldiers home and insurance for everyone.  How about college anyone can afford and handouts to those who are not rich (including 12 million illegals) so that they may feel like americans too.  How does this happen?  Compassion.

Americans are very compassionate people.  They give to charities and come to the aid of the world when ever the call goes out.  We will go out of our way to help those in need that can’t do it all on their own.  Where we stop is when it is againest the law.  We aren’t compassionate with those that use and abuse others.  What am I saying!  The examples above prove different.  The landscape has changed.  There are no more rules or barriers.  Anything goes.  Be compassionate for that drunk driver that just killed a family.  The priest that fondled little boys for 20 years.  That gang member that killed his rivals because they killed his brother gang member.  Are you kidding me?

I would rather see sympathy and empathy towards these types of people.  Then let the law handle the rest.  That is why we have laws.  Compassion is for the dog that got hit by the car.  Or the homeless guy looking for a meal.  How about a mother trying to take care of 3 kids while working 16 hours a day.  The children that need cancer research.  It seems that compassion (the apples/oranges mix) is being predominately used to harm the innocent instead of helping them.  Remember this when you start voting in the next election.  If you vote compassionately it may severely harm the country.  Try using research and logic to know what to do.  Don’t let compassion get in the way.

Category: Philosophy, Politics, Socialism | 32 Comments »

On Ranting and Racism

January 17th, 2008 by joe

Maybe I can clear something up for our visitors who have become entangled in the recent long discussion. You see, there is a significant strand of modern liberal thought which is deeply vested in the notion that white America is inexorably racist. The only way this condition can be cured, the theory goes, is through major structural reforms.

As most of us know, the whole “major structural reform” concept is a dear one to the left, particularly if it mitigates against anything that might be considered remotely “traditional” about our nation and our culture.

You know, our horrible, patriarchical society where sex is deeply repressed (funny how people have kept getting themselves reproduced, though!), our values such as personal self-sufficiency and personal responsibility are unfair, and where the whole dirty thing was basically born out of the sin of slavery.

For a number of reasons, many of those on the left are invested in this interpretation of reality. This is why our friends like Zimzo see bigots behind every tree. And in a sense, this is true, because in that reality being white means you are likely a bigot unless you are a leftist like Zimzo (although, as we have seen, Zimzo has had serious problems overcoming his own original sin in this regard.)

In fairness, we do need to allow that many “liberals” - whom I do not equate with “leftists,” which I might delve into further in another post - simply have not thought this one through. They are TAUGHT that whites are by nature bigots, and it may take time for them to overcome this cultural “bad parenting.”

Since our cherished yet ultimately misguided resident liberals are clamoring for someone, ANYONE to respond to the notorious post #9: Your eagerness touches me, so this time I will tell you what I think:

I think H.E. is seriously pissed off, but from all of his or her previous posts over the past two years I do not think the person is a racist at all. They demonstrate a fair amount of worldliness and have indicated they live in a multi-ethnic neighborhood - either Sterling or Manassas. I can tell you that both of these areas have been heavily Hispanic for a long time, but the you-know-what has only hit the fan in the past 7 years.

H.E. has in fact agreed with the thesis that illegal immigration has its worst impact on black Americans. I don’t see this individual shying away from brown or black people in the supermarket check out line.

The gist of H.E.’s axe to grind seems to me to be not a problem with who or what “they” are, but with what they DO - i.e. not demonstrating a willingness to play by the rules, jump through the proper hoops, and in general take the necessary steps to become American.

I have written about this phenomenon that migrant workers are akin to “renters” writ large in the context of our culture: They have no investment in it, and do not intend to become part of it, and therefore create their own enclaves.

(I know Zimzo argues that the lessons of 1908 should guide our policies today. I strongly disagree, but that is an argument for another post.)

I get the sense that H.E. has some direct experience with the subculture of illegal domestic employment. He or she has spoken with apparent personal knowledge about conditions in the public schools and social services agencies. If H.E. lives in one of the areas of Manassas with higher population of illegals, it does not surprise me that his or her rants might occasionally take on a tribal tone because I have heard the same thing from many other longtime residents who would not otherwise be classified as racist in the least.

I fall on the side of libertarianism when speech is involved, as you all know, and I think our nation is raising a generation (or two) of crybabies, so even though they were characterizations I would not use, I would not call H.E. a bigot. I’d just say H.E. is ranting, so deal with it.

But it is a fascinating topic how speech is interpreted nowadays when so many otherwise intelligent people are wearing bigot-seeking goggles, so thanks for asking.

Category: Culture, Socialism, immigration | 102 Comments »

What Did You Expect

January 14th, 2008 by ACTivist

I’m not at the correct computer so I cannot link sites but I will give you times and locations.  Sorry.

Going backwards (in more ways than one) today’s Washington Post on the front page talks about an ILLEGAL immigrant who worried about graduating from Loudoun County public schools because he would loose his refuge.  Refuge?  But it seems that parents and counselors helped him out by having him return to Mexico for a year and speeding his visa to re-enter the U.S.  Now he can afford to go to college with in-state tuition.   How nice.  The article also states that there are about 65,000 illegal high school graduates a year.  Hummm.

Thursday, January 10 has an article in the Loudoun Easterner that states the Loudoun County Board of Supervisors retracted their efforts to pursue allowing illegals from getting business permits and going after the businesses that hire illegals.   The state will handle it.  It is a federal problem.  We have other issues of more importance (i.e. the roads that are crowded, the schools that are crowded) and we need to find out how to pay for things with a depressed housing market.  After all, we don’t coax business to Loudoun to off-set taxes of homeowners.  We coax business so that we have places to go for school field trips.  Loudoun is alot more affluent than Fairfax and the residences can afford anything thrown at them.  We have deep pockets you know!

On this same thursday an article on the front page of the Washington Post talks about what Kaine will do with the issue of illegal immigration.  The state is proposing new laws againest illegals and pushing the point to the federal level.  “Kaine stressed that the state has taken steps to enforce laws and that he will fight proposals that seem mean-spirited”.  What is mean spirited about enforcing the law?  Also he states that “One in 10 Virginians was born outside the United States, Kaine said, and foreign companies created 2,000 jobs in the state.”  We created more jobs overseas then what is created here.  And those born outside the U.S. seem to mostly congregate in No. Va.

When the Democrats get into office, things change.  Not for the better.  With the articles above, socialism is festering right along.  Do you think a Democratic president will be any different or just a tremendous boost for the cause.

As Kaine states, “6 percent of Virginians have serious mental illness and that one in four have a diagnosed mental illness.”  Welcome to the state of mentals.

Category: Homeland Security, Socialism, immigration | 36 Comments »

Sanity in Venezuela

December 3rd, 2007 by joe

Reuters is reporting the Venezuelan people voted against President Hugo Chavez’ sweeping constitutional reforms which would have swept the nation back in time to approximately 1980s Soviet Union.

The president’s initiatives would have allowed him to run for an unlimited number of terms and provided enhanced presidential powers. Chavez said explicitly he intended to turn the country into a socialist state.

A couple weeks ago news stories revealed that food lines were commonplace for items that had come under national price controls.

“Do you think it’s good to be here waiting in line?”

Chavez’ term ends in 2012 and it appears he will not emulate Cuba’s Fidel Castro as president for life.

Category: Socialism | 11 Comments »