davidl on December 5th, 2011

Phyllis Schlafly has endorsed Michele Bachman, from Des Moines Register: Social conservative Phyllis Schlafly has endorsed Michele Bachmann for president and is urging Iowans to caucus for her, Bachmann’s campaign told The Des Moines Register tonight. In a written statement, Schlafly says: “Most important, Michele has the courage to be a leader among her peers. […]

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davidl on November 20th, 2011

Alan Colmes has his knickers in twist over this statement by Alan Keyes,  Liberaland: If the allegations against Sandusky are true, there’s an aspect of the situation that doesn’t make sense. Why would higher-ups be willing to risk their reputations and life-long careers to cover for the wrongdoing of one of their subordinates? Despite the […]

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davidl on August 29th, 2011

Much ado, from Toby Harnden,Telegraph(UK): The surf may have told a story but so too did the sight behind the reporter of people chatting and ambling along the sea front and just goofing around. There was a man in a t-shirt, a woman waving her arms and then walking backwards. Then someone on a bicycle […]

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Eric Florack on June 7th, 2011

(Newburgh, NY–) I’m off Interstate 84 at Exit 5 tonight, at the TA in Newburgh, NY. It’s been a long day and I’m feeling tired but with the feeling I have accomplished something for the day. I’ve showered…. always a plus on a hot day…. and I’m now cooking some dinner.Some rice, some Brocolli, and […]

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davidl on June 5th, 2011

Gurkha – 30, Taliban – 0, from Daily Mail (UK): Corporal Dipprasad Pun defeated more than 30 Taliban fighters single-handedly Used the tripod of his machine gun to beat away a militant after running out of ammunition A Gurkha soldier who single-handedly defeated more than 30 Taliban fighters has been awarded the Conspicuous Gallantry Cross […]

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davidl on April 26th, 2011

Dumbo in over his trunk, from By Jennifer Rubin, Washington Post: Obama out of depth in troubled times President Obama’s approval ratings are languishing in the mid-40s again. Conservatives argue that Obama lacks executive acumen. They say that he’s a prisoner of leftist ideology, immune to facts and experience. There’s a lot to all of […]

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davidl on February 5th, 2011

Fack Camp David, Muslim Brotherhood wants to scrap Egypt’s peace treaty with Israel, from Ria Novosti: Egypt’s banned Muslim Brotherhood movement has unveiled its plans to scrap a peace treaty with Israel if it comes to power, a deputy leader said in an interview with NHK TV. Rashad al-Bayoumi said the peace treaty with Israel […]

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davidl on December 9th, 2010

Dumbo’s Delusions, Peter Wehner, is searching for a word to describe Barack Obama, but doesn’t quite find it.  The word is not contradictions but rather delusions, from Commentary: It appears to me that Obama is a man of tremendous internal contradictions. He fancies himself as a post-partisan, post-ideological figure who alone can elevate public discourse. […]

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davidl on November 9th, 2010

Dumbo underestimated political cost of Obama Care, from Daily Mail(UK): Barack Obama today admitted his controversial plans to overhaul the healthcare system have proved more costlier in political terms than he anticipated. In a TV interview, the President also said he ‘gets discouraged’ when facing up to scale of the economic problems facing America. Speaking […]

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davidl on October 22nd, 2010

Juan Williams, National Public Radio Fox News: Yesterday NPR fired me for telling the truth. The truth is that I worry when I am getting on an airplane and see people dressed in garb that identifies them first and foremost as Muslims. This is not a bigoted statement. It is a statement of my feelings, […]

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davidl on October 2nd, 2010

Meltdown:  Rich Sanchez version.   CNN fires Rick Sanchez, from Steve Krakauer, Mediaite: CNN released this statement today: “Rick Sanchez is no longer with the company. We thank Rick for his years of service and we wish him well.” They will broadcast CNN Newsroom from 3-5pm for the foreseeable future. Here’s more from the story earlier […]

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Eric Florack on May 3rd, 2010

Welcome one and all to the most intense nightly read on the web…. The BitsBlog Nightly Ramble. IT’S THE BOMB, BRO: The big news of last evening, of course, was the incendiary device on four wheels parked in the middle of New York’s Times Square. The news stations certainly covered it well enough, but there […]

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davidl on April 30th, 2010

Do they really all look alike? The Washington Post’s Macaca moment. Aliens who are  not welcome, from Fausta: If outsiders do not enhance the country’s “economic or national interests” or are “not found to be physically or mentally healthy,” they are not welcome. Neither are those who show “contempt against national sovereignty or security.” They […]

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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 15th, 2010

Taxing the sick to pay for Obama Care, David Freddoso, Washington Examiner: You don’t think Democrats in Congress would knock over their own cancer-stricken mothers to squeeze out a few extra dollars for earmarks? Oh, you’re so wrong. Currently, people with massive medical expenses — more than 7.5 percent of their income — can deduct […]

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