The View from Alexandria: In advanced civilizations the period loosely called Alexandrian is usually associated with flexible morals, perfunctory religion, populist standards and cosmopolitan tastes, feminism, exotic cults, and the rapid turnover of high and low fads—in short, a falling away (which is all that decadence means) from the strictness of traditional rules, embodied in character and inforced from within. — Jacques Barzun [Now read the Seven Tenets of Liberalism]
Secrets and Lies of the Bailout: The federal rescue of Wall Street didn’t fix the economy – it created a permanent bailout state based on a Ponzi-like confidence scheme. And the worst may be yet to come.. It was all a lie – one of the biggest and most elaborate falsehoods ever sold to the American people. We were told that the taxpayer was stepping in – only temporarily, mind you – to prop up the economy and save the world from financial catastrophe. What we actually ended up doing was the exact opposite: committing American taxpayers to permanent, blind support of an ungovernable, unregulatable, hyperconcentrated new financial system that exacerbates the greed and inequality that caused the crash, and forces Wall Street banks like Goldman Sachs and Citigroup to increase risk rather than reduce it. The result is one of those deals where one wrong decision early on blossoms into a lush nightmare of unintended consequences. We thought we were just letting a friend crash at the house for a few days; we ended up with a family of hillbillies who moved in forever, sleeping nine to a bed and building a meth lab on the front lawn....
So what exactly did the bailout accomplish? It built a banking system that discriminates against community banks, makes Too Big to Fail banks even Too Bigger to Failier, increases risk, discourages sound business lending and punishes savings by making it even easier and more profitable to chase high-yield investments than to compete for small depositors. The bailout has also made lying on behalf of our biggest and most corrupt banks the official policy of the United States government. And if any one of those banks fails, it will cause another financial crisis, meaning we're essentially wedded to that policy for the rest of eternity – or at least until the markets call our bluff, which could happen any minute now.
Other than that, the bailout was a smashing success.
Everybody knows a Walt Kowalski. He is the grizzled Korean War veteran Clint Eastwood played in the movie Gran Torino. A man who spends his days sitting on the porch, keeping his house and yard immaculate, satisfied to drink his cheap beer while watching his neighborhood and country go to hell around him. He is an anachronism, a dinosaur -- part of the old America where you worked hard, took pride in your work and where you lived, and fought for your country and what it stood for when called upon. Armed with his M1 Garand rifle and 1911 .45 pistol he brought back from the war, he put new meaning in "Get off my lawn."... There are over twenty-five million veterans in the United States -- among them many Walt Kowalskis -- and most of them are gun owners. Some of them remember the horrors of the concentration camps and of communism. Others are from the Vietnam era and remember what awaited them when they came home. They see John Kerry, the same man who threw his medals over the White House fence and was photographed with Jane Fonda and the North Vietnamese, nominated as secretary of state. They remember. ObamaCare, where you get painkillers instead of treatment because you are old? They have heard this. They have been spat at and vilified before, and now, with time running out for them, and the America that they knew seemingly fading away, many will say, "At one time, I was asked to write a check to my country for up to and including my life. Do I need to do it again?"
I expect to die in bed, my successor will die in prison & his successor will die a martyr in the public square.. http://bit.ly/11ovq5i
Obamacare’s Other Shoe http://bit.ly/UbX4gl
It is fatal to enter any war without the will to win it. ~ General Douglas MacArthur
Hitler Gun Ban > A Lesson in Liberal Obfuscation http://bit.ly/11qrIbw
Obama Wants Men With Guns Around At All Times to Protect His Daughters, But Not Yours! http://bit.ly/11qZHQV