Posted tagged ‘Scott Pruitt E.P.A. Director’

Must Reads For The Week 4/7/18

April 9, 2018

Mr. Mark Robinson Addresses Greensboro City Council In Support Of The Second Amendment. No one could have made these points better.

Mr. Robinson Nails It. Read this quote from Atlas Shrugged by Ayn Rand: “Did you really think we want those laws observed?” said Dr. Ferris. “We want them to be broken. You’d better get it straight that it’s of a bunch of boy scouts you’re up against…..We’re after power ad we mean it….There’s no way to rule innocent men. The only power any government has is the power to crack down on criminals. Well, when there aren’t enough criminals one makes them. One declares so many things to be a crime that it becomes impossible for men to live without breaking laws. Who wants a nation of law-abiding Citizens? What’s there in that for anyone? But just pass the kind of laws that can neither be observed nor enforced or objectively interpreted – and you create a nation of law-breakers – and then you cash in on guilt. Now that’s the system, Mr. Reardon, that’s the game, and once you understand it, you’ll be much easier to deal with.”

Ayn Rand: “The smallest minority on earth is the individual. Those who deny individual rights cannot claim to be defenders of minorities.”

London Mayor Unveils  New Stop-And Frisk Police Policy To Enforce City-Wide Knife Ban, at zerohedge.com. I didn’t think this was real. This could have been from The Onion. This story makes the above quote from Atlas Shrugged ring true. London Mayor Sidiq Kahn said: “….These statistics (37,443 knife offenses) show …… a government that has been desperately weak on crime for the last eight years, as well as weak on the causes of crime.” So what is the ’cause of crime”? Knives! Here is more from Mayor Sidiq Kahn: “Let me be clear – there is no reason to carry a knife. To anyone who does – they will be caught, and they will feel the full force of the law.

Michelle Obama Says Barack ‘Was Like The Good Parent’, Calls Trump ‘The Other Parent’. by William Cummings, at usatoday.com. The fact that progressive leftists, like Michelle, think of the President and the government as a parent means they think we are their children. The problem with this paternal relationship narrative, constructed by the progressive left, is that close to 50% of the citizenry believe it. Nothing could be further from the truth. You are responsible for yourself. Our Government was not founded to be responsible for you. When Government does something for you, it means that politicians and bureaucrats must first take from what other citizens have produced. Why? Because Government doesn’t produce anything. Individuals in the market produce wealth. Government consumes wealth.

DHS Has Detected Possible Cell Phone Surveillance In D.C. and Doesn’t Know Who Is Doing It, at washingtonpost.com. These StingRay devices have been used against U.S. citizens for years by local and federal law enforcement. So the Government is getting a taste of its own surveillance medicine. Good! Doesn’t taste so good. Does it?

Scott Pruitt Is Trump’s Biggest Asset, So The Left Wants Him Gone, by Mollie Hemingway, at thefederalist.com. Rolling back onerous EPA regulations has made Scott Pruitt a hero in my book. Which is why he is a villan in the eyes of the progressive left.

Illegal Immigrants Shielded From University Of California Out-Of-State Tuition Hike, at thecollegefix.com. Illegal Immigrants in California don’t have to pay out-of-state tuition. But out-of-state U.S. citizens do. This makes perfect sense. Illegals living in California vote in California elections. U.S. citizens living outside of California don’t vote in California elections.

THE ECONOMY

Fed’s QE-Unwind Proceeds Despite Stock Market Sell-Offs, at zerohedge.com. First of all the Fed should never have purchased U.S. T Bills and/or Mortgage Backed Securities. The Fed interfered with what the market would have decided these assets were worth. This interference has kept interest rates below what they would have been on the free market. The liquidation would have been painful but swift. All the Fed has done is allow more pain to be felt incrementally over time.

Subprime Auto Implosion In Full Effect As Lenders Start Dropping Like Flies, at zerohedge.com. This is the automobile businesses version of the popping of the 08 Housing bubble. Loaning money to people who can’t pay it back is a recipe for disaster.

Mall Vacancies At Six-Year High As Local Economies Stumble On Retail Slump, at zerohedge.com. Commercial real estate was over built thanks to easy money from the Fed. Under market interest rates and sound money this commercial bubble would not have gotten off the ground. Building all these malls was a waste of scarce resources. This land (resources), labor and capital could have been used in more productive activities. Artificially low interest rates funneled resources into non productive activities. On a similar note, Retail Real Estate Bubble Turns Manhattan Into A “Shopping Wasteland“, at zerohedge.com, Please. No more government help or bail outs. Government intervention is what caused the bubble in the first place. Allow the liquidation to happen. It will hurt, but it will put the economy on solid ground from which to build.

US Congressman Pushes Bill To Reinstate Gold Standard, at zerohedge.com. Our dollars purchasing power would increase if it was pegged to a certain weight in gold. Prices rising is not inflation. Printing money is inflation. Increased prices is the symptom of the money printing problem.

the

Advertisements

Must Reads For The Week 2/18/17

February 18, 2017

THE ECONOMIC REALITY OF OIL

US Rig Count Rise Continues: What Will OPEC Do If The Market Doesn’t Rebalance? at zerohedge.com. The oil market is always balanced between existing supply and demand for oil. It may not be balanced from the perspective of OPEC, but it is always in balance. When the price of oil rose to $120 a barrel  in 2008 the oil price was balanced, and OPEC was happy, because they were the seller. But consumers of oil were not happy. Unfortunately for OPEC, but fortunately for the consumer, this price allowed the US fracking industry to enter the supply side of the market and ramp up production. As a consequence of this price increase, the fracking industry found lower cost ways of extracting oil. On the demand side, people started to use less oil because of the high price. The increased supply and decreased demand eventually reduced the price of oil to $40 a barrel. This price was ‘balanced’ at $40, but OPEC didn’t like this balance. OPEC decided to cut production which would decrease supply and eventually push the price back up. Unfortunately US fracking is now profitable in the $40-$50 a barrel range. As the OPEC cuts raised the price, to above $50, frackers were able to supply oil at this price, establishing a lower price that OPEC is not happy with, but consumers are. The OPEC ‘cartel’ doesn’t have the influence over the world oil market it once had. Thanks to the dynamic US fracking industry. Read my article: Decreased GAsolint Demand + Increased Oil Supply = Decreased Oil Prices.

Goldman Stunned By Collapse Of In Gasoline Demand: “This Would Require A US Recession“, at zerohedge.com. This is the other side of the supply and demand coin that we talked about above. Demand is collapsing. Which means the price will drop to sell off the over-supply which doesn’t coincide with the decreasing demand. The lower price will eventually bring supply and demand back in line with the desires of consumers and producers. Does this collapse mean that the economic activity is shrinking? Maybe. Or will demand go up when the price decreases? Read my article: Gasoline Consumption Is Down: Why?

HEALTHCARE  REALITY

Major Blow To Obamacare Mandate: IRS Won’t Reject Tax Returns That Don’t Answer Health Insurance Question, at reason.com. What does this tell us about Obamacare when bureaucrats don’t want any more paperwork and information? Trumps executive order providing relief from Obamacare seems to be effective.

Healthcare Is No Immune To The Laws Of Economics, by Jonathan Newman, at mises.org. This is why healthcare is not a right. Healthcare is an economic good that has to be produced by someone. You don’t have a right to take what someone produces. You have to exchange something you own for what the healthcare provider produces. Calling healthcare a right doesn’t magically change the reality that it is an economic good.

Judge Rules Health Insurance Companies Matter More Than Taxpayers, by Tho Bishop, at mises.org. The tax payers not only pay for the losses of  insurance companies who participated in government created high risk pools. We have to pay for our own increased insurance costs. Heads they win, tails we loose.

Two Health Insurance Company Mega-Mergers Collapsed Today Update (Humana Out Of Obamacare), at hotair.com. Government intervention always leads to a less optimal economic reality than would exist if the market was allowed to function freely.

DRAINING THE SWAMP

Rex Tillerson Cleaning House At State Department, by Danial Halper, at nypost.com. Getting rid of unelected decision makers who are biased toward big government (insiders) is a great start to changing the culture in the federal government.

E.P.A. Workers Try To Block Pruitt In Show Of Defiance, at nytimes.com. Who still thinks that government workers (public servants) are not biased politically. They don’t want anyone to be elected who they think will cut the size and scope of government. More unelected decision makers are going to be fired.

Over Massive Opposition, Betsy DeVos Is Confirmed As Education Secretary, at thinkprogress.org. If teacher’s unions and their allies are against her confirmation, her confermation must be a good thing. Teacher’s unions main concern is to increase the number of teachers in the country so money from union dues will increases. Educating children isn’t important to the leadership of the teacher’s unions. Although it probably is the main concern of a majority of the teachers who are members of the union.

House Republican Introduces A Bill To Get Rid Of Dept. Of Education, at zerohedge.com. Now this would really drain the swamp. Unfortunately the Republicans don’t have enough hangie down things to pass this bill.

MISCELLANEOUS

Medallion’ Bubble Bursts Around The World, at zerohedge.com. Who is shocked that a government created monopoly is collapsing because of an unforseen competitor. Government created artificial scarcity for Taxi medallions drove up their price. Now look who is paying the cost of this artificial scarcity. It isn’t the Government. It is the suckers who bought the medallions at the inflated prices.

Officials Continue To Dodge Attempts To Disclose Use Of Stingrays, at reason.com. Stingrays are cellular surveillance devices used by police.

Riot-Prone Mobs Are A Product Of America’s Cult-Like Education, at thefedrealist.com. Excerpt from the article: “….Today’s street theater is the culmination of decades of radical education revision. The radical Left’s systematic attack on the study of Western Civilization has essentially been an attack against the study of any and all civil societies. It is an attack n the features that make a society civil and free. Those features include freedom of expression, civil discourse, the Socratic method of figuring out truth, value of the individual, and a common knowledge of the classics of history and literature that help us understand what’s universal in the human experience.”