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Archive for the ‘Politics’ Category

Cruz, the Bushes and the content of their character

21 Jul

Revealing portrait of petulant pols. 

Source: A Contrast in Character

 
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Posted in Corruption, Donald Trump, Leadership, Politicians, Politics, Presidential campaign, Republicans

 

Help the Poor by Abolishing the Income Tax – The Future of Freedom Foundation

21 Jul

The income tax must be abolished to create sustainable prosperity.  

“The standard leftist position on helping the poor is: Increase income taxes on the rich and give the money to the poor in the form of welfare. The idea is that it’s just not fair that someone has more money when someone has less money. By equalizing people’s financial conditions, through the force of a progressive income tax and a welfare state, the financial plight of the poor will be improved. The left, however, is wrong. As our American ancestors, Continue Reading…”

Source: Help the Poor by Abolishing the Income Tax – The Future of Freedom Foundation

 
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Posted in Crony capitalism, Economy, Employment, Federal Government, Free markets, Income taxes, Politicians, Politics, Poverty, Spending, Taxes, Welfare state

 

C.E.O.s Meet in Secret Over the Sorry State of Public Companies

21 Jul

Regulations and easy money are having adverse consequences on corporate governance. Wall Street has turned into a big casino.

 

“In a series of meetings, titans of business and finance grappled with what they see as a problem of too much money going and staying private.”

Source: C.E.O.s Meet in Secret Over the Sorry State of Public Companies

 
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Posted in Business cycle, Economy, Free markets, Leadership, Politics, Regulations, Stock market

 

Ted Cruz:  What class guy!

21 Jul

Ted Cruz ended his political career last night. Four years ago Ron Paul  was not invited to speak at the GOP convention.  Classless Mitt showed he lacked self confidence.   Ron did not endorse Mitt Romney, because the GOP nominee is a Big Government Republican.    Ron held a rally for his supporters down the street from the convention instead.  Trump showed class by inviting Cruz to speak.  When Trump was informed Cruz was not going to endorse him, Trump shrugged it off.   Whatever you think of Trump, he is supremely self-confident–a trait the American people admire.  

“Ted Cruz failed to endorse Donald Trump in his speech to the Republican National Convention, telling Americans to “vote your conscience.”

Source: Ted Cruz Booed as He Tells Republicans: ‘Vote Your Conscience’

 
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Posted in Donald Trump, Leadership, Politicians, Politics, Presidential campaign, Republicans

 

Signs of a Trump Political Dynasty?

21 Jul

Robert Wenzel sums up the events at the GOP convention. 

Source: Target Liberty: Republican National Convention Day 3: Signs of a Trump Political Dynasty?

 
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Posted in Donald Trump, Hillary Clinton, Leadership, Politicians, Politics, Presidential campaign

 

US Airstrikes Kill Up to 200 Civilians in Northern Syria Villages, ‘Mistook Them for ISIS’

21 Jul

Interventionism is killing innocent people.  And the neocons wonder why foreigners hate the federal government and there is blowback. 

George Washington outlined the only moral foreign policy in his Farewell Address: no entangling alliances and commerce with all.    In addition, the federal government should not be “exporting democracy” and being the policeman of the world.   

“US Airstrikes Kill Up to 200 Civilians in Northern Syria Villages, ‘Mistook Them for ISIS’ | Potentially deadliest strike on civilians in entire war…”

Source: US Airstrikes Kill Up to 200 Civilians in Northern Syria Villages, ‘Mistook Them for ISIS’

 
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Posted in Constitution, Federal Government, Foreign policy, Leadership, Middle East, Military-industrial complex, Neocons, Politicians, Politics, Terrorism, Warfare state

 

What If the Fix Was In?

21 Jul

Judge Napolitano raises the most important questions about Hillary, Obama, and the FBI.

Source: What If the Fix Was In?

 

You can just call me Jeff

20 Jul

Tom DiLorenzo sent me a copy of his new book, The Problem With Socialism, with the following inscription.  You can hear Tom Woods interview Tom here.  This book should be a best seller based on my review of the contents.   I will read it ASAP and discuss it in a future post. 

Tom's kind words

 

A gloomy assessment of the future

20 Jul

“Six Major Events That Will Change History By Egon von Greyerz   Investors globally have never faced risk of the magnitude that the we are now exposed to. But sadly very few are aware of the un…”

Source: Six Major Events That Will Change History | GoldSwitzerland

 
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Posted in Business cycle, Central banks, Crony capitalism, Debt, Economy, Federal Reserve, Inflation, Money, Politics

 

Field trip with my colleagues to the Museum of American Finance

19 Jul

I spent this morning with three of my colleagues visiting the American Museum of Finance on Wall Street, down the street from the NYSE, the Trump building and a couple of blocks form the New York Fed.  Last week I joined the AMOF and will organize a trip in September for my Financial History of the US course.  I urge you to join at www.moaf.org

Below are some pictures I took inside the museum.  If you will be visiting NYC, I highly recommend spending some time viewing the exhibits, which show how American finance was instrumental in creating our prosperity.

 

Bull and bear tug of war

Evolution of paper money

Evolution of paper money

Gold, real money

Gold, real money

Statue of Hamilton next to a room housing a collection of his works

 
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Posted in Banks, Central banks, Crony capitalism, Economy, Federal Reserve, Gold standard, Government debt, Money, Politics, U.S. Dollar

 

GOP convention begins…

19 Jul

and Robert Wenzel tells it like it is…a beating of the war drums.  I heard Sen. Jodi Ernst speak, and it was clear why Trump did not choose her as the VP.  She is a terrible speaker. 

Source: Target Liberty: Republican Convention Night One: Insanity

 

New Jersey pols, their consultants and the Turkey connection

19 Jul

Yes, and a top Menendez advisor and a top Christie advisor too.  What are the people who guide the political lives of the state’s top elected officials doing in a firm that works for an Islamist strongman like President Recep Tayyip Erdogan of Turkey? Once upon a time, there were campaign managers who came up through the ranks alongside the politicians whose careers they helped to manage.

In Great Britain, they call them election “agents” and this is how they once operated in this country too — wedded to the ups and downs of a particular political personality, often finding a job in the bureaucracy in between campaigns.  From these manager/agents came the first campaign consultants.  Regional or statewide at first, but with the centralizing power of the national committees and national money there soon came to be the “national” consultant — recommended by one of the party committees or put in place by them.

We recall a list, circa 1994, that the NRCC (National Republican Congressional Committee) gave out, with the names of those “recommended” media consultants and pollsters on it. There were about a dozen names in all. But as more money washed into DC and was funneled into campaigns, that changed.  Consultants proliferated and firms became larger.  Following the money, a few either merged with or morphed into public relations and lobbying (government relations) operations.  Why not?

Corporations paid big for access to politicians and there is nobody politicians love more than the person who got them elected. It was only a matter of time that things went global.  And that is how three New Jersey political operatives became members of an international firm representing the interests of the Turkish government.  This firm itself is a subsidiary of an even larger international firm that handles the image-making  for Russian President Vladimir Putin, receiving credit for, among other accomplishments, getting Putin’s face on the cover of Time magazine — as the “Person of the Year” for 2007. The three are Mo Butler, United States Senator Cory Booker’s campaign consultant, former chief of staff, and “longtime advisor”; Michael Soliman, United States Senator and former Chairman of the Senate Committee of Foreign Relations Robert Menendez’s political advisor and former State Director; and Michael DuHaime, Governor Chris Christie’s campaign consultant and someone who has worked on several Republican presidential campaigns.  Two Democrats and a Republican. Their firm is called Mercury Public Affairs.

Began in 1999 as a decidedly Republican shop with connections to the RNC and politicians like John McCain and Mitt Romney, around 2013 it embarked on a mission to “diversify” — meaning making the firm “more bipartisan and full-service.”  Mike DuHaime joined the firm in 2009, first as a “managing director” but swiftly rising to partner.  Michael Soliman joined Mercury in 2013 and became a partner this year.  Mo Butler joined as a “managing director” earlier this year.  Mercury Public Affairs has 10 partners and 160 employees.  Omnicom purchased Mercury in 2003. Mercury Public Affairs has 18 offices worldwide — including London; Mexico City; Washington, DC; New York; and Westfield, New Jersey.  The New Jersey offices (a satellite operates out of Trenton) of Mercury are the haunt of Messrs. DuHaime, Soliman, Butler, and other connected operatives like “seasoned lobbyist” Connor  Fennessy, newspaperman Darryl Isherwood (former top political reporter for the Star-Ledger and editor of PolitickerNJ), and “Christie campaign vet” Mark Mowers.  Mowers, who testified before the Legislature’s BridgeGate inquiry, has recently joined the Trump campaign.

In January 2015, Michael Soliman registered with the United States Justice Department, pursuant to the Foreign Agents Registration Act of 1938, as a person representing the Embassy of the State of Qatar.  You must have read about Qatar in the news…Amnesty International has accused Qatar of being complicit in human trafficking and modern-day slavery.  Yes, slavery.  In fact, in March of this year, the United Nations gave Qatar one year “to end migrant worker slavery” or face an international investigation.  Qatar is just one of freedom’s garden spots represented by Mercury.  Remember the controversy in Uganda, when the President of that country decided that homosexuality was a crime that should be punishable by death?  Well, the law he wanted passed was “moderated” in December 2013, substituting life imprisonment for the death penalty.   In 2015, Mercury was brought on to provide public relations, lobbying, and media monitoring services with regards to the Office of the President and the Ugandan government

Source: Top Booker advisor’s firm guides Turkish authoritarian

 
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Posted in Crony capitalism, Democrats, Foreign policy, Middle East, New Jersey, Politicians, Politics, Republicans

 

Thumbs down for both Donald and Hillary

18 Jul

“In both their policies and personalities, Hillary Clinton and Donald Trump are the natural offspring of the upside-down incentives of the political plunderland that the American system has degenerated into: where governance is perverted into a regime of kleptocratic power-grabbing and the paternalistic social engineering of human relationships.”

Source: Donald and Hillary in Plunderland | Foundation for Economic Education

 

“The Saudis Did 9/11″…

18 Jul

Or “ally” in the Middle East…With allies like the Saudis who need enemies?

“News reports about the recently released 28 pages of the Joint Inquiry into the 9/11 attacks are typically dismissive: this is nothing new, it’s just circumstantial evidence, and there’s no “smoking gun.” Yet given what the report actually says – and these news accounts are remarkably sparse when it comes to verbatim quotes – it’s […]”

Source: The Saudis Did 9/11 – Antiwar.com Original by — Antiwar.com

 

Trump takes lead over Clinton by 7 points

17 Jul

“Just days before the Republican National Convention is expected to formally nominate him for president, Donald Trump has taken his largest lead yet over Hillary Clinton.”

Source: White House Watch – Rasmussen Reports™

 
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Posted in Donald Trump, Hillary Clinton, Political parties, Politicians, Politics, Presidential campaign