Eric Florack on July 4th, 2011

(Rochester, NY)– I’m home as this is written, and will be heading for York,PA in a coup0le hours, then to Schenectady New York. about 500 miles worth of driving, but a fairly easy lope, all considered.  Thoughts on July 4th: Jeff Jacoby, who I all too rarely link, here, has some excellent thoughts for this […]

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davidl on June 3rd, 2011

Hope has died, from Ben White, Politico: President Barack Obama is heading into his reelection campaign with a flagging economy that appears incapable of producing the sustained job growth needed to push unemployment below crisis levels. And there appears to be very little he can do about it, at least in the short term. The […]

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davidl on May 16th, 2011

Noted in passing, I see that the Dope from Hope. b/k/a Mike Huckabee is not running for President.  If Mr Huckabee wants to be President, he should run as what he is, a democrat.  Good riddens Meanwhile, Dumbo, b/k/a Barack Obama is pretending to support increased domestic production of oil and immigration reform.    I got […]

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davidl on November 24th, 2010

Obami* stuck on Green, going green is not the same as going smart.  from the Washington Post: [Laurence] Anton has been out of work since 2008, when his job as a surveyor vanished with Florida’s once-sizzling housing market. After a futile search, at age 56 he reluctantly returned to school to learn the kind of […]

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davidl on September 15th, 2010

Liberal reads Constitution, can’t find First Amendment, from Lucy Madison, CBS News: During an appearance on ABC’s Good Morning America this morning, Supreme Court Justice Stephen Breyer addressed the recent controversy over a Florida Pastor’s plan to hold a Quran-burning rally on the anniversary of the September 11 terrorist attacks, saying he wasn’t convinced the […]

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Brian Nygaard on April 27th, 2010

Crisis On Wall StreetWhen Senator Levin says “Goldman made a lot of money by betting against the mortgage market” what do we think he might have meant?  Knowing some of the political philosophy of the esteemed senator from Michigan, it is obvious that his inference was that Goldman was acting in a fashion that was either illegal or immoral.  How could any American institution bet against motherhood, apple pie or the American dream of universal home ownership?  And certainly the notion of ”making a lot of money” is of dubious quality on its face.  The Senator is literally screaming “These people are the enemy of the state, and they need to be leashed, or chained, or imprisoned, or tortured…all for the good of the system of the people.”

It is always amusing when a single statement contains such a large number of fallacies.  Let us count the ways.

First, Goldman was acting in their role as an investment broker.  Everything they do is essentially either a bet for or against something…or the facilitating of someone else doing the same thing.  More technically, they are simply acting as brokers, and not as agents. Agents represent a buyer or seller.  Brokers facilitate the transaction. This is the “market mechanism” and it is what guides the whole system of the effective allocation of resources.  It is fundamental to our material progress.  As significantly, if people […]

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davidl on April 8th, 2010

Obama ponders destruction of the State of Israel, David Ignatius, RCP: WASHINGTON — President Obama is “seriously considering” proposing an American peace plan to resolve the Israeli-Palestinian conflict, according to two top administration officials. “Everyone knows the basic outlines of a peace deal,” said one of the senior officials, citing the agreement that was nearly […]

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davidl on March 22nd, 2010

Israel attacked, from Haaretz: A Qassam rocket fired from the Gaza Strip struck an open field in a kibbutz near Ashkelon on Sunday, just three days after a foreign worker was killed by a rocket in the northern Negev. There were no casualties or damages reported in the attack on Sunday No reason to expect […]

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davidl on March 19th, 2010

Was I Won ever a constitutional law professor? Barack Obama has made the claim and soem the media have accepted it.  However a real law professor, Ann Althouse seem to have her doubts: Yeah. Et cetera, indeed. As if procedure is a frivolous sidetrack that only trivial or devious people care about. Barack Obama was […]

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davidl on March 18th, 2010

White House flood of misinformation, Ramesh Ponnuru, National Review: Talking Points Memo, living up to its name, is providing the White House’s talking points on health care. Obamacare is to be voted on amid a final orgy of misinformation. Are the Obami sane? Israel announces plans to build new housing in her capital.  The Obama […]

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