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Wednesday, February 11, 2026

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HALF-FULL REPORT 11/16/12


I must admit that I remain in a state of total shock over November 6th.  There is still a part of me that finds the results incomprehensible.  The actual results were within the margin of fraud, so the Dems stole it

At the Rendezvous, we had a world-expert on cyber-intelligence explain how "trivially easy" it is to hack into and rig voting machines.  Plus all the other voter-suppression tricks the Dems use in states with no Voter ID.

What Dems do is whatever it takes to win without any semblance of morals.  What Pubs do is blame each other, whine, and wimp out.  A perfect example is Bret Stephens in the Wall Street Journal on Monday (11/12) being a smart-ass ignorant jerk demanding IQ tests of Pub candidates.

He typifies the growing RINO chorus chanting the GOP must now capitulate on 1) abortion, 2) homosexual marriage, and 3) amnesty for illegals.  Why?  To get elected.  Power as an end in itself, not to politically accomplish something moral.  It is Stephens and his ilk who need to take an IQ test - as demonstrated by the evisceration of his argument for amnesty by Victor Davis Hansen on Tuesday (11/13).

Hansen's The Latino Vote Obsession is a masterpiece, simply a "must-read" this week.  Another masterpiece must-read is this interview with my dear friend Robert Agostinelli.  No one can tell it like it is like Robert.

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STOPPING THE SPENDAHOLICS


Tea Party members are going to be very unhappy.

Many of the new members of the House and Senate that the Tea Party helped elect are already becoming part of the political class, as evidenced by their votes for continued farm subsidies, refusals to put reasonable limits on the growth of the food- stamp program, support for unaccountable international organizations, and on and on.

(To see how any Congressman is voting according to conservative principles, consider conservativevotingrecords.com, byThe Madison Project.)

Members of Congress vote for unjustified spending because they think the recipients will reward them with campaign contributions and praise while the majority of the electorate will never notice.  So how do we stymie the spendaholics -- when even Tea Party politicians are getting drunk on spending?

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CAIN AND THE CASTRATION OF THE LEFT


Rendezvous XI begins tomorrow evening (10/07), and quite frankly, if you're not there you'll really wish you were.

In addition to the extraordinary camaraderie you get with your fellow TTPers, you'll hear from billionaire investor Robert Agostinelli on The Future of the World Economy and You, New Tang Dynasty satellite television manager Dong Xiang on What's Really Going On In China, the next United States Senator from Texas (and incredibly inspiring conservative speaker) Ted Cruz on Texas, the Senate, and 2012, Jack Abramoff on It's All Bribery Now in Washington, plus...

We are so honored to have a great American hero, on the battlefield and now on Capitol Hill, Lt.Col. and Congressman Allen West speak to us in a special presentation.

There's so much more (e.g., what you'll learn from one of our speakers Saturday night will totally blow you away), so if you don't want to miss out, call Miko now - immediamente - at 703-992-4529 to see how he can squeeze you in.

A Rendezvous is an opportunity to just relax and be with our own kind, rational conservatives.  There will be no zombies.  It was Bob Hope who first explained the connection between zombies and Democrats in his 1940 movie, The Ghost Breakers:

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AMERICA CAN NO LONGER AFFORD BARACK OBAMA


Americans are growing impatient with a White House that still just doesn't get it.

The President proves he doesn't understand that the biggest challenge facing our economy is today's runaway debt when he states we want to make sure "we don't get buried under a mountain a debt." That's the problem! We are buried under Mt. McKinley-sized debt.

It's at the heart of what is crippling our economy and taking our jobs. This is the concern that should be on every leader's mind. Our country's future is at stake, and we're rapidly reaching a crisis point. Our government is spending too much, borrowing too much, and growing too much. Debt is stifling our private sector growth, and millions of Americans are desperately looking for work.

So, what was the President's response? At a time when we need quick, decisive, and meaningful action to stop our looming debt crisis, President Obama gave us what politicians have for years: promises that more federal government "investment" (read: more government spending) is the solution.

What he is really promising America is a bullet train to bankruptcy.  Our country can simply no longer afford Barack Obama.

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ROPE AND CEMENT

On July 26, The London Telegraph ran the absolutely positively most delicious story I have seen in many an al-ilah (the moon, worshipped by pre-Islamic Arabs, and contracted into allah by Mohammed).

You know that famous quote of Lenin’s epitomizing his contempt for capitalism? “When it comes time to hang the capitalists, they will fight among themselves to sell us the rope.” You wonder what Lenin would say to fellow Marxist Yasser Arafat.

It turns out that Palestinian businessmen with connections to Arafat and other officials in the “Palestinian Authority” are making millions of dollars selling cement to the Israeli Government to build the Security Wall. Is this too beautiful or what?

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MAYBE WE WILL NEVER RUN OUT OF NATURAL GAS


Coal, oil and natural gas are "fossil" fuels, right? They are derived from ancient life-forms and are nonrenewable, stored energy, extracted from prehistoric sunlight. In the case of coal and most oil, this is obviously true: You can find fossil tree trunks and leaves in coal seams and chemicals in oil that come from plankton.

But there's increasing doubt about whether all natural gas (which is 90% methane) comes from fermented fossil microbes. Some of it may be made by chemical processes deep within the earth. If so, the implications could be profound for the climate and energy debates.

It may be that we will never run out of natural gas.  There may be a literally inexhaustible supply of it.  Who needs "renewable" energy any more?

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HALF-FULL REPORT 11/02/12


All devotees of Ayn Rand's Atlas Shrugged know how the book ends: the apocalypse of socialism, symbolized by the electricity failing in Manhattan and the great city plunged into darkness, permits John Galt to begin the resurrection of freedom and capitalism.

Thus it was a very eerie experience to see the lead headline on Drudge one week before America's most fateful election (10/30) NYC GOES DARK, with a picture of the post-Sandy New York skyline black.

Mitt Romney is no John Galt (who is?), but he'll do for now.  And who could have guessed that the October Surprise we all were scared of turned out to be an Act of God on Romney's side? 

Of course, our hearts and prayers go out to all those suffering from the destruction of Sandy.  Yet the Zero/Democrat Ineptocracy has made that suffering worse - people eating of dumpsters, looting, gun and fist fights - then added insult to injury by racing off to campaign in Wisconsin after a phony photo-op with the fatso governor of New Jersey.

Zero's uncaring incompetence is on glaring display for every voter in America, and is a final nail in his electoral coffin next Tuesday.  Make no mistake:  Hurricane Sandy is a disaster for Zero.

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SERVANTS, NOT CHARLATANS


Barack Hussein Obama has been loudly proclaiming that he is not responsible as president for the big increase in spending because it was already "baked in the cake." He could have been more accurate by noting that under the Constitution, Congress is responsible for spending.

In fact, Congress -- both Democrats and Republicans -- has been by nearly unanimous votes rejecting his proposed budgets, but only because they were not willing to spend as much as he was.

As can be seen in the table below, the big surge in spending began after the Democrats took control of Congress in the 2006 election. Members of the new Congress took office in January 2007, when the fiscal year was already a quarter complete. The first budget the new Congress was responsible for was the 2008 budget.

When Mr. Obama was a member of Congress, he voted for the big increases in spending. He also was the one who proposed, and got, a nearly trillion-dollar increase in spending as part of his "stimulus" program in early 2009 after he took office as president. So, for the president to argue that he is not at all responsible for the big increase in spending is, to put it politely, a bit much.

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ISN’T FASCISM FUNNY?


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It looks like a Photoshop gag, but it's real.  At 13 minutes and 50 seconds into the CNN video of Zero's risible Jobs Speech to Congress (9/08), Slo-Jo flicked his tongue out for a moment to lubricate his dry lips at the exact time Zero closed his eyes to blink - so in a freeze-frame capture, one looks like the doofus he is, the other blind like he is.

The WaPo's lib columnist Dana Milbank noted that Zero's speech had the GOP Senators and Congressmen in hysterics, treating it as a "big fat joke."  Can you recall a time when a Joint Session Congressional audience actually laughed at the President of the United States?  An angry outburst, like Joe Wilson's "You Lie!" at Zero, or audible grumbles of disagreement by Dems at George Bush, yes - but out loud laughter and ridicule to the president's face?  

A fascist becoming a joke whom nobody respects is a very good thing.  It's hard to be afraid of an object of ridicule.  Losing our fear of the fascists continuing to tighten their chokehold around our lives is a vitally necessary condition for starting to fight back against them.

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ENRON AND THE PRESIDENT

The indictment of Enron chairman Kenneth Lay gives the Democrats a “windfall” according to the San Francisco Chronicle:


The indictment of former Enron chief Ken Lay represents an election year windfall for Democrats -- who say the man President Bush nicknamed "Kenny Boy'' is a poster boy for corporate greed and malfeasance. Lay's indictment Wednesday (July 7) in connection with the energy giant's 2001 bankruptcy hands Sen. John Kerry and the Democrats the perfect person to link the president's re-election campaign to the high-living corporate miscreants who left their companies, workers and stockholders in financial ruin, politicians and analysts said.


It is true that the corruption and influence-peddling between Enron and the President of the United States went very deep. Consider:

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DEFUNDING OBAMACARE


Tomorrow (1/19), as one of the first acts of this 112th Congress, the House is due to pass language I introduced to repeal Obamacare: "as if such Act had not been enacted."

America's voters sent Republicans a mandate for repeal in November, and I have long argued that we have an obligation to keep faith with them by taking swift action to fulfill our campaign promises.

Holding a repeal vote at the outset of the new Congress eliminates doubts as to our commitment. It also reflects my frequently expressed belief that repealing Obamacare should be Congress's top priority.

Now, I look forward to working with my colleagues on the next part of my Obamacare repeal strategy: attaching language to block funding for its implementation and enforcement onto every appropriations bill or continuing resolution from this point forward.

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CHINA’S CREDIT BUBBLE IS A MINSKY MOMENT


Beijing.  China's shadow banking system is out of control and under mounting stress as borrowers struggle to roll over short-term debts, Fitch Ratings has warned.

The agency said the scale of credit was so extreme that the country would find it very hard to grow its way out of the excesses as in past episodes, implying tougher times ahead.

In an interview with Charlene Chu, Fitch's senior director in Beijing, she explained to me:

"The credit-driven growth model is clearly falling apart. This could feed into a massive over-capacity problem, and potentially into a Japanese-style deflation. There is no transparency in the shadow banking system, and systemic risk is rising. We have no idea who the borrowers are, who the lenders are, and what the quality of assets is, and this undermines signaling." 

"There is no way they can grow out of their asset problems as they did in the past," she continued. "We think this will be very different from the banking crisis in the late 1990s. With credit at 200% of GDP, the numerator is growing twice as fast as the denominator. You can't grow out of that." 

We may be seeing the arrival of a "Minsky Moment" for China, when the debt pyramid collapses under its own weight.

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HALF-FULL REPORT 10/26/12


Red Rocks Amphitheatre, October 23, 2012.  Remember the place and date, for history may record them as where and when America's spiritual rebirth began.  What happened here is simply astounding. There is an eyewitness account of it that made me cry.  I'd like to ask you to take a moment to read Mitt Romney's Quiet Prayer Amidst the Sound of Thunder...

...From the sublime to the absurdly disgusting.  Zero's latest official campaign ad, released yesterday (10/25), is a TV Bimbo comparing a girl's losing her virginity to voting for Zero.  Brietbart's Ben Shapiro has the video + transcript and appropriate comment.  Zero is sinking into the depths of desperation.  You wonder how much further he'll sink over the next 11 days....

...So as he sinks and it looks better for Romney-Ryan by the day, let's move to where a number of TTPers want to go:  the Senate. 

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THE RIGHT KIND OF HAT


A few days ago my best friend from High School sent me a 'Viet Nam Veteran' hat. I never had one of these before and I was pretty hyped about it, especially because my buddy was considerate enough to give it to me.

Yesterday, I wore it when I went to Walmart. There was nothing in particular that I needed at the world's largest retailer but, since I retired, trips to Wally World to look at the Walmartians is always good for some comic relief.

Besides, I always feel pretty normal after seeing some of the people that frequent the establishment. But, enough of my psychological fixes.

While standing in line to check out, the guy in front of me, probably in his early thirties, asked, "Are you a Viet Nam Vet?" "No" I replied.

"Then why are you wearing that hat?" he asked. "Because I couldn't find my one for the War of 1812." I thought it was a snappy retort.

"The War of 1812, huh." the Walmartian queried, "When was that?" God forgive but, I couldn't pass up such an opportunity. "1936."

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CENTRAL BANKS CAN CREATE MONEY, BUT ONLY THE PRIVATE SECTOR CREATES WEALTH


Assume you are a skilled heart surgeon and your patient needs a new heart valve, but you were given a spoon rather than a scalpel to cut open a chest. Relying on the Federal Reserve and the European Central Bank (ECB) to cure the lack of job growth is going to be no more effective than giving a heart surgeon a spoon.

Central banks, such as the Fed and ECB, can cause major economic problems by printing too much or too little money. They do not cause fiscal problems - too much taxing and spending - nor can they cure them. Last week, Fed Chairman Ben S. Bernanke came close to acknowledging what many already know - that the Fed can do little at this point:

"To the fullest extent possible, federal tax and spending policies should increase incentives to work and save, encourage investments in workforce skills, stimulate private capital formation, promote research and development, and provide necessary public infrastructure," he said. ECB Chairman Mario Draghi has basically said the same thing to the political leaders of the eurozone countries.

The political class, to cover its own irresponsibility, is trying to dump the economic crisis on the central banks.

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