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L i k e U s ! ! !

HALF-FULL REPORT 4/15/11


"I missed lunch for this?" That's how Texas Republican Congressman Jeb Hensarling dismissed with disgust Zero's fiscal policy speech on Wednesday (4/13).

This was, by general consensus, the worst speech in modern presidential memory.  "A new standard for class warfare rhetoric," Hensarling described it.  Arizona's Jeff Flake simply said it was "weird."

The best observation of all was that of Illinois Republican Joe Walsh:  Zero "is irrelevant right now.  It's like the train has passed him by."

Walsh is not dumb, he knows how much juice the Oval Office has.  He means that no one is paying any attention to Zero's policy proposals because he hasn't got any - that Zero's only power is to block Republican objectives, maintain the status quo, and thus continuing to bankrupt America while enriching his cronies and supporters.

In other words, all Zero is, like the Corruptocrat Party in general, is in the way.  They are nothing but obstacles, objects to be gotten around.  Let's hope the Pubs remember this when it comes time to raise the debt ceiling next month.

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The utterly asinine budget deal that Boehner said was the best he could get does not inspire the slightest confidence, however, in Republican courage.  Pathetic enough at $38 billion in phony cuts, the CBO then revealed it was actually a microscopic $352 million cutback.

Yet this turkey sailed through the House yesterday (4/14), 260-167.  How could this happen?

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WILL THE GOP GO FOR A TOUCHDOWN OR PUNT?

Did you know that federal government spending and revenues in 1968 as a percentage of gross domestic product (GDP) were almost identical to the levels in 2008?

What is new is the big jump in federal government spending in the past two years, from an average of about one-fifth of GDP to about one-quarter of GDP, and to this must be added another 13 percent for state and local government spending as a percentage of GDP, causing the total government sector to rise from about one-third of GDP to almost 40 percent.

The Republicans' big test is that because they oppose tax increases — correctly in my judgment — they must propose ways to bring down government spending to the historic average of about 20 percent of GDP.

Thus the real test for the Republicans: Will they be courageous and responsible in proposing real solutions to the spending problem, or will they "punt" like the Democrats and watch the economy go over the cliff?

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THE SCAM OF CHINA


The headline on Bloomberg today (10/22) is dramatic:  China's Economy Grows 8.9%.

So the Scam of China continues, one the greatest feats of cook-the-books fraudulent accounting in history, but at least it's a teachable moment in Chinese - and Communist -  metaphysics.

First, the scam.  How is it possible for China's explosive economic growth to be based on gargantuan exports of manufactured goods, for the sale of those exports to fall off a cliff (down over 20% this year), then continue to grow just as explosively without massive exports?

The answer is a) you can believe it because you are Alice in Wonderland's Red Queen who could believe "as many as six impossible things before breakfast," or b) the Chicoms are lying.  Which do you choose?

They are lying because, for Chinese, and for Marxist Communists, there is no difference between make-believe and reality.  There is no such thing as reality.  There is only what people believe.  If people believe something is true, it is.  If they don't, it isn't, it doesn't exist.  This is best exemplified by the Chinese concept of "face" or lien.

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THE ANTI-ALLY OF PAKISTAN


After days of vehement denials and indignant claims that NATO's recent attack on Pakistani outposts was unprovoked and deliberate, a "senior Pakistani defense official" has admitted that it was the Pakistanis who started the firefight with "mortar and machine gun fire."

His words come a bit too late to stop the firestorm of anti-Americanism and the damage to the Afghan war effort, but may prove useful if they prompt Washington to take a sober look at our "alliance" with Pakistan.

The stark reality is that ten years after we forced Islamabad into a shotgun wedding in the aftermath of 9/11, Pakistan is no more of an ally (let alone a "strategic" ally) than before, but an adversary with interests often diametrically opposed to our own.

A survey of the Pakistani press in the days since the border incident reveals a society that is in serious trouble. Hysterical anti-Americanism aside, stories included:

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HALF-FULL REPORT 04/08/11


Aren't Prelims just so exciting?  Every boxing fan knows the preliminary bouts are where the real action is - who cares about the Main Event, right?

So - the entire gaggle of DC elite and pinkostream enemedia punditry is going ga-ga-goo-goo over The Shutdown looming over them at midnight tonight - and while this is going to be really exciting to watch, baby, they ain't seen nothin' yet.

As we discussed last month in A Tsunami of Insanity, the only chance we have to divert the insanity from sweeping the US economy away is for Congress next month to refuse to raise the debt ceiling.  As we saw in last week's HFR, one Senator who realizes this is Marco Rubio.

This week, Reuters/CNBC revealed the numbers.  Brace yourselves, hold on tight.  For the federal government to continue spending at current levels for the rest of FY2011 - i.e., for just the next six months -  Congress will have to increase the federal debt ceiling by over one trillion dollars.

Yes, it will take a trillion dollars of more debt just to keep the federales going to the end of September.  To keep them going through November 2012 will take well over two trillion.

Gasping for breath?  Feel you need three fingers of Famous Grouse?  Better keep the bottle handy because this is coming fast. 

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PUT THE DEPARTMENT OF EDUCATION IN A TIMEOUT

The U.S. Department of Education was created with the primary stated goal of increasing students' test scores, but test scores for 17-year-old American students have remained essentially flat since 1970. The department's budget has grown to a whopping $107 billion this year. Per pupil, taxpayer-financed education spending (adjusted for inflation) has risen by more than 200 percent since 1970 (and 150-plus percent since 1980). Clearly and unambiguously, the department deserves a grade of F.

The employees and bureaucrats at Education have been rewarded for failure each year by ever-increasing budgets, which give them more control of state education departments and local school boards. If you reward failure, you tend to get more of it, and if you reward success, you tend to get more successes. Thus, it is no surprise that test scores have not improved.

Suppose Congress said to the department, "We are going to cut your budget and payroll by 20 percent per year until test scores start improving, and if they have not substantially improved within five years, the department will be dust." What do you think would happen to test scores?

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A TIME FOR CELEBRATING WESTERN CIVILIZATION


The second week of October offers a triad of heroic anniversaries worth celebrating by any admirer of Western Civilization.

Yesterday, October 11, was time to celebrate the 1,277th anniversary of the Battle of Tours in 732 AD, when Charles Martel (686-741), forever known as The Hammer, and his 30,000 Christian soldiers crushed an invading horde of 200,000 Moslem Jihadis in what is now central France. 

Tomorrow, October 13, is for celebrating the 84th birthday of the great Lady Champion of Liberty, the most heroic woman of the 20th century, Margaret Thatcher.  The story of how she, with Ronald Reagan and Pope John Paul II, saved Western Civilization from Soviet Communism is told in Now There Is One (April 2005).

Today, October 12, is for celebrating the 517th anniversary of Columbus' discovery of America. We commemorate this as a true discovery in contrast to all the claims of Vikings, Chinese, Irish, and others who supposedly came earlier - for once and only after  Columbus discovered America, it stayed discovered.

Unfortunately, Columbus Day is for most Americans just an excuse for a three-day weekend.  What it should be is a commemoration and celebration of  Western Civilization - which is why the Left hates Columbus and his holiday.

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THE WAR FOR THE FREE WORLD

Not too long ago, the conventional wisdom was that Europe would emerge as a unified and mighty economic and political superpower. We were told it would engage in earnest, if friendly, competition with the United States, but that -- thanks to its substantially larger population and productive capacity -- the European Union (EU) would inevitably displace America on the world stage.

It took less than a fortnight of rioting in France, and now in several other countries of what Donald Rumsfeld has called "Old Europe," to lay bare the preposterousness of this prospect. Even before Islamists took to the streets of Paris' suburbs, the EU was a house of cards waiting to be toppled or burned down.

As usual, underlying conditions are clearer with hindsight. It is now unmistakable that Europe faces a "perfect storm" of socioeconomic, demographic, military and Islamist challenges.


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SHAPES OF THINGS TO COME


"We should do what we can to wake people up, but reality is far more eloquent than we can ever be."
-- Dagny on the TTP Forum

I'm afraid Dagny is right. America probably won't wake up until the OPM (Other Peoples' Money) suddenly runs out, quite possibly with the dollar blowing up and all the drastic consequences (how do we then import oil?) thereof.

Although we don't know yet which candidate will win the Republican nomination or whether that candidate will replace BO, we already know enough to foresee some near future consequences that will occur whoever wins.

Whether BO wins another term or one of the plausible Republicans wins, the five most important existentially threatening problems and their outcomes will be the same.  These are the shapes of things to come.

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HALF-FULL REPORT 04/01/11


Well, he had to crack under the pressure sooner or later, and thank heavens it's sooner.  Everyone on Capitol Hill this morning can't stop talking about it.  Boehner and Reid have just been told to expect a momentous announcement from the White House. 

At 9pm EDT this evening, the President will announce on national television that, due to the overwhelming difficulties the nation faces which have proven impossible for him to solve because Republicans refuse to cooperate, he is resigning the presidency effective immediately.  Good luck, America, he will say, you'll have to solve your problems without me.

And yes, today is April Fool's Day.

*  *  *  *  *  * 
So let's talk about fools - and their luck.  Zero just might pull Libya off.  He'll have David Cameron to thank for it, and MI6, which is disintegrating Gaddafi's regime via defections.

Conservative contempt for Zero is so bottomless that many don't want him to succeed even when it's in our clear interests that he do so.  He was right in saying the US could not stand by while Gaddafi perpetrated genocidal slaughter upon his own people, and wrong in not solving the problem immediately by an assassination strike on Gaddafi.

So now he owns this war which has to be won - for if Gaddafi stays in power he will "return to international terrorism and resume his nuclear weapons program," warns John Bolton who is nobody's fool.  When asked about the rebels fighting Gaddafi and if they might be radical Islamists, John responded,

"Yes, there is uncertainty about them - but when there is Muammar Gaddafi on one side and uncertainty on the other, you pick uncertainty."

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OBAMA’S IMAGINARY TAX CUT

How many times have you heard the president and the congressional Democrats say Americans who make less than $200,000 a year have not had, and will not have, any of their taxes increased? Unfortunately, it is not true, and it is likely to become a whole lot worse.

The 111th Congress has already enacted $352 billion in net tax increases and may, in the upcoming lame-duck session, enact the largest tax increases in history, which will hit every man, woman and child - as well as every business in America.

The president and most congressional Democrats have been claiming they will make sure no one making less than $200,000 per year will face a tax increase when all of the "Bush tax cuts" expire on midnight Dec. 31. Given they have not been truthful about the tax increases they already have enacted, why should anyone believe these new claims?

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A MAGICAL REFUGE


There is a magical island where everything grows - forests of fir, cedar, and sycamore trees along with forests of giant tropical tree ferns, fields of corn and fields of taro (the starchy staple of Polynesia - Hawaiian poi is made from taro), and every kind of flower in riotous abundance.

Orchards produce every kind of fruit from tropical to citrus.  Herds of cows produce every dairy product including fabulous cheeses - and great steaks.  Due to its unique ocean location, the sea swarms with fish and seafood.  It's on a main migration route for sperm whales and a dozen types of dolphins.  The sport fishing, such as for blue marlin, is fantastic. So is the trout fishing in the mountain streams.

So is the golf, the sailing, the scuba-diving, the surfing, the hiking on mountain trails to hidden waterfalls and hot springs.  The coastline is dotted with beaches, picturesque fishing villages, and tiny coves with natural rock swimming pools.  The interior is dotted with crater lakes, among which is one of the most beautiful lakes in the world.

Temperatures are in the mid-60s in the winter and mid-70s in the summer, the sun shines most every day, when it rains it usually pours for 15 minutes then out comes the sun again.  There are neither snakes nor mosquitoes.  Nor is there any pollution - the air is sparkling clear, the land preserved spotlessly clean by the islanders.  The place is so peaceful it's virtually crime-free.

The beer the islanders make is good, the wine even better.  The islanders are friendly, hospitable, devoutly Christian, and proud members of Western Civilization.  A great many speak English, but there are not a great many of them.  They number 150,000 spread out over 300 spectacularly scenic square miles.

They love liberty so much they've had this motto emblazoned on their coat of arms for centuries:  Rather die free than live in peaceful subjugation.

You can fly here from the US East Coast in four hours for 300 bucks.  If you're looking for a Plan B refuge - or just a momentary escape - from ObamaLand, this magical place could be it.

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SELL THE LAND!

If you spent more each month than you made and got deeper and deeper into debt, but had an asset equal to your debts, like a big expensive boat you never used, what would you do? If you were rational, you would sell the boat.

The U.S. government has spent more than it receives in tax revenue for most of the last 75 years, and, as a result, the national debt and the associated interest payments have gotten bigger and bigger. But what is not well known is that the U.S. government also has many trillions of dollars of assets, which may exceed the value of the debt. I say "may" because, in fact, no one knows because the government has no accurate balance sheet of what it owns and what it owes.

For instance, the federal government owns somewhere between 600 and 700 million acres of land, or over 30 percent of all U.S. land.

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FAILING SCHOOLS ARE A SIGN OF FAILING NATIONAL CHARACTER


During a workout last weekend, I watched and listened as Secretary of Education Arne Duncan bemoaned our "crumbling schools." Sorry, but it's not our schools that are crumbling, Mr. Secretary: It's our values. 

But we can't even discuss the problem honestly and have to trim the conversation to keep it within politically correct patterns. Well, when yet another survey trumpets that the U.S. has fallen to sixth place in teaching math or science, or that we're fifteenth in education overall, my reaction is "Okay, break those scores out by specific school locations." 

Generally, our suburban and many small-town schools still deliver competitive (if less than optimal) educations. Our statistics skew sharply downward because of the appalling conditions in the inner-city and barrio holding pens and teacher's-union bunkers we pretend are real schools.

The left, for political advantage, has written off poor blacks and browns educationally-confining them in schools that are now about the unionized teachers, not the students.  And let's be honest: Conservatives have made no serious attempts to reform those schools, either.

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HALF-FULL REPORT 3/25/11


Week after week after week - when will this torrential deluge of news stop or at least slack off?  It hasn't let up for a couple of months now.  Well, let's jump in and go with the flow.

We'll start with a follow-up to Islam in Libya, since everyone's so focused on what Zero is doing there.  What's confusing us all is Zero's state of confusion regarding no clearly stated end-game.  As Sarah Palin told Greta Van Sustern on Fox Wednesday (3/23), "Be in it to win it, or if there's doubt we get out."

Palin sees the purpose of the mission in Libya is for Gaddafi "to end up dead," or the mission is a failure.  That would be the best outcome (see Roger Simon make the case), but there better be a Plan B.  Here it is.

From the history discussed in Islam in Libya, we saw that Libya has from its inception 2,600 years ago been divided in two:  Greek Cyrenaica and Punic Tripolitania.  The two were unified by King Idris only in 1951 - and even then there were two capitals:  the parliamentary one of Tripoli and the royal one of Benghazi.

This bifurcation has emerged once again today, with the Libyan Opposition controlling Eastern Libya or the old Cyrenaica, and Gaddafi controlling Western Libya or Tripolitania.  So obviously, Plan B is to split the country in two, with "reunification" a la East/West Germany a goal of the future.   Who gets the oil?  Here's the map:

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