The Sanctuary Country

Posted on July 9th, 2015

Obama at White house, illegal-immigration,By George Neumayr

Illegal immigration can’t be solved in an age of political correctness.

When national politicians fret about states that defy federal laws or even national attitudes, they aren’t talking about “sanctuary cities.” No, that kind of defiance meets with their approval. If those cities flew confederate flags or tardily issued gay marriage licenses, pols could work themselves up into a lather about them. But ignoring federal immigration law? That’s no big deal, until an illegal immigrant in one of those cities shoots somebody and then the finger-pointing begins.

Pols have to pretend to care about the murder in San Francisco by an illegal immigrant, Juan Francisco Lopez-Sanchez, who has re-entered the country repeatedly. But once the outcry over that dissipates, they will resume their pro-amnesty noises.

The Obama administration, which has condemned states like Arizona for cracking down on illegal immigration and praised states like California for going soft on it, is taking no responsibility for San Francisco’s policies. Never mind that all of Obama’s political friends backed the city’s sanctuary policies. Never mind that the Obama administration loosened federal policy to permit that disobedience. San Francisco’s City and County Sheriff Ross Mirkarimi let it be known that Obama’s immigration officials knew all about the city’s lax policies. Read More..

Is Ukraine The Next In Line For Default?

Posted on July 9th, 2015

Ukraine Economy Flag and CoinsBy Brandon Turbeville

As Greece concludes its vote to reject IMF austerity measures and impossible “debt repayment mechanisms” and as the Puerto Rican debt cauldron bubbles off the shores of the United States, there is yet another country whose debts to private bankers, the IMF, and other “creditors” is about to come due – Ukraine.

Around the end of July, approximately $15.3 billion dollars of bonds will be due to be paid to a wide variety of creditors – government, IMF, and private holders. On July 26, however, Ukraine will be unable to pay the money it owes to those creditors.

Interestingly enough, when the Greek default hung in the air along with the possibility of the continued rejection of IMF austerity measures, compounded with the likelihood that the Greeks would begin to pursue a new policy of independence, sovereignty, and dirigism, the result was media and financier panic. That panic is not being played out over the Western airwaves when it comes to the question of Ukraine, however. Read More..

Obama Tells Another ‘Whopper’ — He Did Not Create 12.8 Million Jobs

Posted on July 9th, 2015

Obama Speaking of Jobs CreatedBy David Stockman

America is better off when President Barack Obama is out on the stump bloviating and boasting rather than in Washington actively doing harm.

But the whoppers he just told the students at the University of Wisconsin are beyond the pale.

Said our spinmeister-in-chief:

And the unemployment rate is now down to 5.3 percent. (Applause.) Keep in mind, when I came into office it was hovering around 10 percent. All told, we’ve now seen 64 straight months of private sector job growth, which is a new record — (applause) — new record — 12.8 million new jobs all told.

We are now 29 quarters from the pre-crisis peak and total non-farm labor hours utilized by the U.S. economy are no higher than they were in Q4 2007.

In other words, if you use a common unit of measure — labor hours rather than job slots which treat coal-miners and part-time pizza delivery boys alike — there have been no new units of employment at all. Read More..

FOLLOW-UP: Obama Wants to Reengineer Your Neighborhood

Posted on July 8th, 2015

Single Family HomeBy Marc A.Thiessen

This is what you get when you put a community organizer in the White House — he tries to reorganize your community from Washington.

Apparently, President Obama thinks your neighborhood may not be inclusive enough, so he has instructed his Department of Housing and Urban Development to issue a new rule called Affirmatively Furthering Fair Housing, which is designed to force communities to diversify.

According to the Obama administration, in too many neighborhoods “housing choices continue to be constrained through housing discrimination, the operation of housing markets, [and] investment choices by holders of capital.” (Yes, that is a quote from an actual HUD document, not a bad undergraduate thesis on Karl Marx.)

Under Obama’s proposed rule, the federal government will collect massive amounts of data on the racial, ethnic and socioeconomic makeup of thousands of local communities, looking for signs of “disparities by race, color, religion, sex, familial status, national origin, or disability in access to community assets.” Then the government will target communities with results it doesn’t like and use billions of dollars in federal grant money to bribe or blackmail them into changing their zoning and housing policies. Read More..

What Greece’s Alleged ‘Collapse’ Is, and Is Not

Posted on July 8th, 2015

Greece last proposalBy John Tamny

With Greece expected to default on its government debt, markets are to varying degrees convulsing. The obvious question is whether or not the panic is rooted in something real to worry about. Not really. As is always the case, market fears are a creation of government error, not worries about a very minor economic entity.

To see why, it needs to first be remembered that a Greek default would be nothing new. As Carmen Reinhart and Kenneth Rogoff noted in their much talked about 2009 book This Time Is Different, Greece has been in default mode roughly half of its modern existence. That its creditors might suffer a “haircut” on what is owed them is far from novel.

The only reason a default constitutes news has to do with who holds some of the country’s debt. As evidenced by how the shares of German and French banks have rallied over the years each time a potential debt workout was reached, the story behind the non-story that is a Greek default involves banks that do not have an Athens address. In short, Greece’s debt troubles have little to do with an historically profligate country, and everything to do with banks that are wrongly seen as too important to be allowed to suffer their mistakes.

Importantly, if banks were properly allowed to fail much like other private business are allowed to with great regularity, bank exposure to Greece would be a non-story. Better yet, banks likely wouldn’t have exposure to Greece in the first place given its lousy track record. In short, government involvement in what should be the private doings of the private economy has created a “crisis” that would not exist absent the desire of politicians to insert themselves into a global economy that would be much healthier without political meddling. Read More..

Can One of the Liberal Four Supremes Dissent on Anything?

Posted on July 7th, 2015

Attention Alert noticeBy Silvio Canto, Jr.

What do the last three big Supreme Court decisions have in common?  The liberal four all voted alike.

What about the conservative five?  They disagreed a lot among themselves.  There is nothing predictable about the five, as many of us learned last week.

On the subsidies, not one of these four liberals raised a single objection: hey, guys, shouldn’t we read the law as written?  Is it really our job to rewrite what Congress wrote?

On the marriage case, not one said this: hey guys, didn’t Justice Ginsburg once said that it would have been better to leave abortion in the hands of voters?  Shouldn’t we sit back and give the public a little time to figure this out across the land?  Aren’t a bunch of states already discussing this?  Let’s trust the people and send this one back to the states. Read More..

Greece Votes NO – Let The Chaos Begin…

Posted on July 6th, 2015

NO signs, NOEDITOR’S COMMENT: Clearly, this is a MUST and THOROUGH READ for those of you, who want to stay informed on the evolving Greece crisis! By the way, that should be everyone, as this is potentially that important!

By Michael Snyder

The result of the referendum in Greece is a great victory for freedom, but it is also threatens to unleash unprecedented economic chaos all across Europe.  It is being reported that approximately 61 percent of Greeks have voted “no” and only about 39 percent of Greeks have voted “yes”.  This is a much larger margin of victory for the “no” side than almost everyone was anticipating, and it represents a stunning rejection of European austerity Massive celebrations have erupted on the streets of Athens and other major Greek cities, but the euphoria may not last long Greek Prime Minister Alexis Tsipras is promising that Greece will be able to stay in the euro, but that gives EU bureaucrats and the IMF a tremendous amount of power, because at this point the Greek government is flat broke.

Without more money from the EU and the IMF, the Greek government will not be able to pay its bills and virtually all Greek banks will inevitably collapse.  Meanwhile, the rest of Europe is about to experience a tremendous amount of pain as financial markets respond to the results of this referendum.  The euro is already plummeting, and most analysts expect European bond yields to soar and European stocks to drop substantially when trading opens on Monday morning. Read More..

President Obama Wants To End Independence Day As We Know It. End of Fireworks Shows and Backyard Grilling.

Posted on July 6th, 2015

WAIMH Red ArrowBy Drew Johnson

Enjoy Independence Day while you still can. If President Obama gets his way, this could be the last Fourth of July worth celebrating.

New ground-level ozone standards being pushed by Obama and the Environmental Protection Agency would result in widespread bans on fireworks shows, backyard grilling and other Independence Day traditions.

Because the proposed ozone rule is set so low, things as harmless as a few backyard chefs grilling burgers in the same area at the same time, or even festive fireworks being launched during an Independence Day celebration, could cause an area to violate federal ozone standard thresholds. Such a violation of the EPA’s unreasonably low ozone limit would result in fines and other penalties for local governments from federal regulators. Read More..

Greece Just ‘First Domino to Fall’

Posted on July 6th, 2015

Greek Myth Math from # 165954By Peter Morici

The troubled euro has always been a bad idea because a single currency just doesn’t make sense for too many European Union countries, says leading economist Peter Morici, a professor at the University of Maryland.

“Europe had a perfectly sound economic community before the Euro,” Morici said

“The Euro is a symbol more than a useful tool and they need to get away from symbols and get back into doing what they need to do. And that is to continue to reform and strengthen their economies. A currency doesn’t do that for them.” Read More..

It’s the Obama Record That O’Malley and Sanders Are Bashing!

Posted on July 2nd, 2015

Better off food stampsBy Silvio Canto, Jr.

Governor O’Malley made it official.  He is in and running for us, as he told the crowd:

Our economic and political system is upside down and backward and it is time to turn it around[.]

Senator Sanders said something similar a few days ago.

Who’s been in the White House for seven years?  Whose stimulus didn’t stimulate?  Whose “shovel ready” jobs weren’t ready after all?  Who promised so much and didn’t deliver? Read More..

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