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While Obama And Kerry Slept

by Thomas E. Brewton on Monday, May 26th, 2014

This is article 1185 of 1247 in the topic International

Posturing in a vain attempt to persuade Abbas et al to forego the Muslim aim to destroy Israel, then blaming Israel for failure of peace negotiations, may be great PR moves for Obama and Kerry with their liberal-progressive, anti-Israel fanatics.  But focusing on that effort to bludgeon Israel left them blindsided by Russia and China.

The need is, not for the U.S. to engage in belligerent confrontation with Russia or China, but to abandon liberal-progressives’ fairy-land view of international relations.  Somebody, somewhere in the administration, ought to be continually looking as far ahead as possible to foresee potential problems and to anticipate the consequences of our own foreign policy.  Weakening our military capacities or reneging on commitments to our allies in the name of socialism’s fantasy of harmonious world government is dangerous and foolish.

The now consummated deal between Russia and China had been widely known for many months, except to Obama and Kerry, who get all their information, after the fact, from TV reports of problems, if we are to believe the excuses offered for the IRS’s criminal actions and mismanagement at VA hospitals.

Read David P. Goldman’s commentary on The New Sino-Russian Alliance.

Mr. Goldman writes, “I may have lost most of my remaining Republican friends for ridiculing the sanctions and saber-rattling at Russia over Ukraine. We spoke loudly and carried a small stick. What do you propose to do now, big talkers?”

No doubt, Obama and Kerry will solemnly intone, “There will be consequences,” a threat that foreign governments by now know is empty rhetoric.

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Obama’s Unshakeable Faith In Mythology

by Thomas E. Brewton on Monday, April 7th, 2014

This is article 306 of 334 in the topic Global Warming

The president’s faith in the fantasy of man-made global warming would be charming were it not so savagely destructive.

That faith drives Obama to destroy the coal mining industry, throwing thousands of people out of work, while championing “green” energy that is far less efficient and vastly more expensive than petroleum and natural gas.  To the extent that Obama’s power-grab pretensions become realized, individuals’ heating and lighting bills will increase substantially, and businesses will have to raise prices to cover increased energy costs.

After 17 years years without global warming, despite endless predictions of doom, one has to wonder whether something other an interest in science is driving the president.

A major motive, revealed by the “climate gate” scandal, is perpetrators’ aspiration to become gods, presuming the power to control the earth’s climate by gaining dictatorial regulatory control over earth’s inhabitants.  No less compelling for the president’s “scientific” cohort is the immense flow of taxpayers’ money with which they enrich themselves.

Fortunately, increasing numbers of real scientists are recognizing that the Emperor Obama is wearing no clothes and that the UN’s IPCC reports are nothing more than campaign speeches for personal glory and political power.  See here, here, here, here, here, and here.

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The Cost Of Junk Science

by Thomas E. Brewton on Thursday, February 27th, 2014

This is article 253 of 264 in the topic energy

GERMAN GOVERNMENT ADVISERS CALL FOR ABOLITION OF RENEWABLES SUBSIDIES

BASF, the world’s biggest chemical maker by sales, will make the most of its capital investments outside Europe for the first time, as it responds to the continent’s higher energy costs and growing demand in North America and emerging markets such as China. “In Europe we have the most expensive energy and we are not prepared to exploit the energy resources we have, such as shale gas. We have relatively high wage costs and we have a stagnating market,” said Kurt Bock, BASF chief executive. Mr Bock has been a prominent critic of German and European Union climate and energy policies, arguing these are ineffective, raise costs for industry and cause job losses.—Chris Bryant, Financial Times, 26 February

If anyone thinks Germany’s move to renewable energies has been a success, you may want to take a few minutes and read what center-left news weekly Der Spiegel has just written. Overall Germany’s energy revolution has made the country’s energy unaffordable, unreliable and has ruined its own idyllic landscape, and ravaged rainforests abroad as well. “Rising energy costs are becoming a problem for more and more citizens in Germany. Just from 2008 to 20111 the share of energy-poor households in the Federal Republic jumped from 13.8 to 17 percent.” Much of the rapid increase in energy prices is owing to Germany’s growth in expensive wind and solar energy. Ironically, despite more than 20% of Germany’s energy now being supplied by renewables, CO2 emissions have been rising just the same.—Pierre Gosselin, No Tricks Zone, 24 February 2014

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Setting The Record Straight

by Thomas E. Brewton on Tuesday, December 3rd, 2013

This is article 74 of 82 in the topic Redistribution of wealth/socialism

Liberal-progressives were quick to interpret, incorrectly, the Pope’s recent apostolic exhortation as condemnation of capitalism.  According to Edward Morrissey’s post in The Fiscal Times’s website, the emphasis, instead, was on individual responsibility for charitable action, along with condemnation of corrupt, crony capitalism that oppresses the poor.

Liberal-progressives frequently assert that socialism is more in accord with original Christianity than Christianity itself.

Even before the 1917 Russian Revolution, leading universities in the United States had begun a transition from the Christian roots of our nation into atheistic, secular materialism in their teaching of the so-called social sciences.

Nominally-Christian theological seminaries were in the vanguard of the movement toward socialism.  Rochester Theological Seminary’s professor Walter Rauschenbusch, one of the best known socialist spokesmen of his era, was a founder of the Social Gospel movement late in the 19th century.  Social Gospel was nothing more nor less than socialism masquerading as Christianity.

Social Gospel embraced the avowed aims of socialism, which sound similar to the results that flow from the Bible’s commandment to love one’s neighbor as he would wish to have his neighbor love him.  The insurmountable problem is that socialism, and therefore Social Gospel, is atheistic and materialistic, i.e., the antithesis of Christianity and religious Judaism.

To believe that Social Gospel is true Christianity is to believe that the Soviet dictatorship of the proletariat was truly democratic.

In “Christianizing the Social Order” (1912), Professor Rauschenbusch wrote:

“The Socialists found the Church against them and thought God was against them, too.  They have had to do God’s work without the sense of God’s presence to hearten them…..Whatever the sins of individual Socialists, and whatever the shortcomings of Socialist organizations, they are tools in the hands of the Almighty…….Socialism is one of the chief powers of the coming age……God will raise up Socialism because the organized Church was too blind, or too slow, to realize God’s ends.”

Two other prominent seminaries, among many others, were active promoters of socialism.  Their spokesmen also were nationally known figures: Dr. Harry F. Ward of Union Theological Seminary in New York and Dr. Bernard Iddings-Bell of St. Stephens College in Annandale, New York.

Dr. Ward wrote “The New Social Order,” to express sympathy for Socialism and to laud the Bolshevik revolutionary movement in Russia, which he regarded as a desirable replacement for the Russian Orthodox Christian Church.  Dr. Ward also was chairman of the American Civil Liberties Union (ACLU), which actively defended the terrorist tactics of the radical IWW labor organization, whose members murdered more than a dozen employees and executives of industrial companies they sought to intimidate with demands for labor seizure of management control.

Dr. Iddings-Bell in “Right and Wrong After the War,” in this case World War I, advocated Sigmund Freud’s version of Marxian materialism, in which human life is controlled by hunger and the sex urge.  From this theory of secular and materialistic human nature, he concluded that (1) private property should be abolished; (2) income earned from investments, savings accounts, and rental property is robbery; (3) the family as a social unit should be abandoned except as a temporary arrangement for purely sexual relations.  
In his sermon delivered on May 23, 1920, at the Cathedral of St. John the Divine, Dr.

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The Greenspan Put Survives

by Thomas E. Brewton on Friday, November 8th, 2013

This is article 54 of 61 in the topic Finance

Obama’s nomination of Janet Yellen to succeed Ben Bernanke as chairman of the Federal Reserve was joyously received in Wall Street.  Reassured that the “Greenspan put” (the readiness of the Federal Reserve to pump fiat dollars into the financial system to shore up stock and bond prices) remains in force, stock and bond market speculators turned on a dime and pumped the markets back up after word of Yellen’s nomination.  Financial market speculation will remain a no-risk game as long as the Greenspan put survives; speculators can be confident that they can borrow whatever amounts they need, at far-below-real-market interest rates.

Even more than current Fed chairman Ben Bernanke, Yellen has been an aggressive supporter of flooding the financial markets with trillions of phony, fiat dollars.  Bernanke and Yellen both believe that the continuing inflation of stock market and bond prices will create a “wealth effect” that will fully revive the economy.  So far, their expectations, to put it kindly, have not been met by economic performance.  We continue to endure the slowest economic recovery since that of the the 1930s socialistic New Deal.

Main Street America will just have to keep scavenging for crumbs, while Wall Street speculators rake in huge trading profits, courtesy of the Fed.

In a free-market economy, little of which remains today, investors would focus on real, underlying economic factors such as the growth outlook for corporate sales and profits, along with increases in the numbers of well-paying, full-time jobs.  Stock market prices would reflect that sort of fundamental analysis.  More importantly, the stock and bond markets would be funded by individuals’ savings, not by the expectation that banks and hedge funds could continue indefinitely to borrow unlimited amounts of short term money at near zero rates of interest.

In a free-market economy, with a stable currency, bank lending would be for the purpose of financing production of real goods and services, not to fund leveraged buyouts or stock repurchases by corporations to pump up earnings per share artificially.  Long-term investors such as insurance companies and pension funds would use the savings of individuals to fund expansion of corporations’ plant and equipment, based on rational expectations of long-term profit generation.

Of critical importance, in a free-market economy individual and corporate debt would be limited by the borrower’s actual, not imagined, ability to repay the debt.

Increasingly since the October 19, 1987, Black Monday stock market crash, the stock market has become a forum for rampant speculation and imprudence on a massive scale.  That turn away from fundamentals is the direct product of the Federal Reserve’s flooding the financial markets with liquidity to buoy the stock market averages.  Since then, in the 1990s dot.com speculative boom-and-bust and the Long Term Capital Management collapse in 1998, through the implosion of the housing bubble and the bankruptcies of Bear Stearns and Lehman Brothers in 2007-2008, the pattern has been the same: whenever the stock market dives or financial institutions waver, the Fed immediately endeavors to rescue them with massive infusions of monetary liquidity through book entries on the Fed’s books of account, i.e., via creation of money out of thin air.  Needless to say, the Fed’s money creation vastly outstrips the growth of America’s real production of goods and services.

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C.S. Lewis and ObamaCare

by Thomas E. Brewton on Saturday, November 2nd, 2013

This is article 567 of 693 in the topic Healthcare

The Wall Street Journal’s October 31, 2013, Quote of the Day:

From C.S. Lewis’s essay anthology “God in the Dock” (1948):

My contention is that good men (not bad men) consistently acting upon that position would act as cruelly and unjustly as the greatest tyrants. They might in some respects act even worse. Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron’s cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience. They may be more likely to go to Heaven yet at the same time likelier to make a Hell of earth. This very kindness stings with intolerable insult. To be ‘cured’ against one’s will and cured of states which we may not regard as disease is to be put on a level of those who have not yet reached the age of reason or those who never will; to be classed with infants, imbeciles, and domestic animals.

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Ignore Wall Street

by Thomas E. Brewton on Saturday, October 5th, 2013

This is article 371 of 391 in the topic economy

The financial press and Wall Street stock market gurus confidently declare that the Republicans will be “brought to their senses” if the stock market continues to retrench in the face of uncertainty wrought by the government slim-down.

Members of Congress not committed to worship of the Democrat-Socialist Party’s collectivist control should ignore stock market speculators’ distress and look to the long-term welfare of the real America.  Having gone thus far, Republicans should stick to their guns.

Unhappily, recent history gives stock market speculators reason to believe that Federal policy, particularly action by the Federal Reserve, will kowtow to the stock market, as if that were the real economic heart of the nation.  Supposedly a prolonged market selloff would damage the economy.  The truth, to the contrary, is that the stock market bubble of the past couple of years is to a major extent a creation of the Fed’s easy-money policies.

Beginning in the aftermath of the huge market selloff in October 1987, the Fed under Alan Greenspan, instituted what became known as the Greenspan put: stock market speculators became confident that the Fed would flood the market with low-interest-rate, fiat money to counter any weakness in the stock market.

Since then, and egregiously since the 2007-2008 meltdown of financial, housing, and subprime mortgage markets, the Fed’s only focal point has been levitating the stock and bond markets at whatever cost to the devaluation of the dollar.

Both Greenspan and his successor, Ben Bernanke, have consistently ignored the real deterioration of the economy, as measured by the inflation-induced decline in production of real goods and services and the fostering of low-cost, job-killing imports from China and Southeast Asia.  Bernanke opined that higher stock market prices would somehow create new jobs.  But it hasn’t worked, certainly not as predicted by Bernanke’s Keynesian economic theories.

Meanwhile only the denizens of Wall Street are again becoming fabulously wealthy, feasting on the Fed’s near zero-cost financing.  The rest of the country struggles with high unemployment and family income that is steadily declining in purchasing power as a result of Fed-created inflation to bolster the stock market.

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Compromise And The Constitution

by Thomas E. Brewton on Tuesday, October 1st, 2013

This is article 118 of 131 in the topic US Congress

The 1787 Constitutional Convention in Philadelphia could not have produced our Constitution without a long string of compromises among the sovereign states, some of which had populations that dwarfed others, and all of which had different economic and social interests.

That is a lesson for today’s acrimonious political maneuvering that seems likely to result in a government shutdown.  But compromise is a two-way affair.

Obama has adamantly, for nearly five years, refused to negotiate in good faith with Republicans.  For him compromise is out of the question.  Instead he has deliberately goaded Republicans for two years, aiming for a government shutdown, which he believes will enable the Democrat/Socialist Party to regain control of the House of Representatives.  Thereafter, with Nancy Pelosi again running the House of Representatives, Obama proposes to ignore any political views other than the secular religious ideology of socialism.

See Jonathan Tobin’s Intransigent Democrats and the Shutdown.

For background on the principle of comprise at the core of the Constitution, see Peter Wehner’s Compromise and the American Constitution.

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Al Gore Shivers In The Cold Wind Of Truth

by Thomas E. Brewton on Tuesday, September 24th, 2013

This is article 265 of 334 in the topic Global Warming

Climate science is a legitimate field of inquiry when it is acknowledged that climate scientists today really understand very little about the extraordinarily complex nature of earth’s climate.  Latest revelations in the growing avalanche of real evidence make clear that the secular religion of man-made global warming, now called climate change, is emphatically not science.

The two articles below summarize the most recent compilations of counter evidence against the Great Gore brigade of leeches busily sucking taxpayers’ life blood, the pretenders to climate science.

Objective Science Unmasks Global Warming Alarmists As The True Science ‘Deniers’
The Palpable Politicization Of Science By Global Warming Alarmists

Everyone should understand that there are huge costs in decreased standards of living and higher unemployment arising from the proposed and already implemented regulations based on belief in man-made climate change.  The UK and continental Europe, Germany in particular, are staggering under large increases in energy costs.  Costs have gone so high that many households in the UK are compelled to go without heat in the winter.  German industry is shutting down plants or moving them overseas to less regulated locations.  In the United States Obama’s war on the coal industry is clobbering areas already suffering poverty conditions.  Many millions of taxpayer dollars are being wasted on entirely uneconomic green power and green automobile projects.  Blocking the pipeline from Canada has cost thousands of jobs.  In western New York where I live, shutting down fracking has blocked our participation in creation of the thousands of jobs that have come into existence in Pennsylvania and Ohio.  Adherents to the belief in man-made climate change are now endeavoring to block the resurgence of natural gas production, one of the greatest forces for revitalization of American industry (and the creation of millions of jobs).

At bottom the secular religion of man-made climate change is simply an appendage to the liberal-progressive-socialist lust to regiment and to control every activity of every individual in the nation.  The Federal government already controls the nation’s financial sector as effectively as if it owned it.  Add the nation’s energy to its control and we have Henri de Saint-Simon’s original conception of social engineering in the socialist state.  Only disinterested public experts, he preached, have the knowledge and skill to administer the whole of society to achieve social justice.

As Franklin Roosevelt’s 1932 campaign advisor Stuart Chase, who coined the term New Deal, stated the liberal-progressive lust for power:

“The drive of collectivism leads toward control from the top. … At bottom the conception of economic planning is science supervising a people’s housekeeping. … And so the final idea of a National Planning Board emerges; … a group which knows the past, can give capable advice as to the present, and sees into the future, especially the technological future. … The real work, the real thought, the real action must come from the technicians: that class most able, most clear-headed of all in American life, hitherto only half utilized in technical detail and in college class rooms. … This is a long-swing project we are starting, longer than the secular trend; longer than the industrial revolution itself. Errors will be made; methods will be tried out and discarded; but the principle of control from the top must go on.”

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Accelerating Decline

by Thomas E. Brewton on Sunday, August 11th, 2013

This is article 60 of 82 in the topic Redistribution of wealth/socialism

America’s Retreat Becomes a Fiasco in Russia as Well as Egypt

In the theology of liberal-progressivism-socialism, human society is inevitably evolving toward a single world government ruled by an academic elite.  This is the most likely explanation for Obama’s cringing approach to the rest of the world and his disparagement from time to time of our nation and its history.  This idyllic world of the future is envisioned by liberal-progressives as one of peace and social justice (i.e., regulated equality of consumption).

This is merely today’s version of Karl Marx’s expectation that workers would rise up and destroy capitalist owners and managers in a bloody revolution.  Presumably the fiery furnace of revolution would transform human nature, bring a society ruled by socialist workers, and allow government eventually to wither away.  Thereafter, everyone would give his best efforts to society and expect only what he needed.  Lions would lie down with the lambs.

The barbaric core of Marx’s vision, and that of Obama and his fellow liberal-progressives, is the necessity for intellectuals to make and impose the rules to create this fancied idyllic society.

Anarchist Mikhail Bakunin, opposing Marxian collectivism in 1872, accurately foretold what life was to be under socialism:

“The government will not content itself with administering and governing the masses politically, as all governments do today.  It will administer the masses economically, concentrating in the hands of the State the production and division of wealth, the cultivation of land…All that will demand the reign of scientific intelligence, the most aristocratic, despotic, arrogant, and elitist of all regimes.  There will be a new class, a new hierarchy…the world will be divided into a minority ruling in the name of knowledge, and an immense ignorant majority.  And then, woe unto the mass of ignorant ones!”

Lenin’s Bolshevik cohort demonstrated that while some intellectuals might actually have noble aspirations, so-called social democracy in practice emerged from the business end of a gun barrel.  Lenin and Stalin liquidated tens of millions of Russian citizens deemed enemies of the revolution.

Obama, with his massive outpouring of executive orders and regulatory bureau edicts designed to thwart Congress and the judicial branch, is moving, albeit from a distance, along the same path.

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