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We all watch in horror the tragedy of the cruise ship aground off Giglio Island. “Inexcusable!” is the universal cry. “Those reefs are on my chart,” says veteran sailor and FOX News host Geraldo Rivera. Anyone else see President Obama as Captain Schettino, America as the Costa Concordia , and self-absorbed...
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We’ve heard much about various politicians’ “Vision of America” – come next November, we’ll find out what the voters see. First, let’s dispense with the discussion about whether or not this election will be a referendum on President Obama. All presidential elections...
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King Pyrrhus of Epirus defeated the Romans at Heraclea (280BC) and at Asculum (279BC), but at the cost of irreplaceable casualties to his own forces. Upon being congratulated by a cohort, the King replied, “one more such victory would utterly undo me [1] .” I get an inkling of King Pyrrus’s lament as...
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The Supreme Court has agreed to combine three cases ( National Federation of Independent Business v Sebelius , No 11-393; US Department of Health and Human Services v Florida , No 11-398; and Florida v Department of Health and Human Services , No 11-400) to review for ruling on the legal legitimacy of...
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The hatful of lawsuits challenging ObamaCare are likely to be heard before the Supreme Court of the United States during this session. All of the cases ask the Court to rule on whether the Commerce Clause of the Constitution allows Congress only to regulate commerce that is being committed, or if Congress...
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I received the following this morning from a new contact on LinkedIn. Thought I would share it. --- A seminary professor was vacationing with his wife in Gatlinburg, Tennessee when they stopped at a small country diner for breakfast. While waiting for their order to arrive, they noticed a distinguished...
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The history of bubbles is that they inflate until “conventional wisdom” catches up with reality and people realize that the inflated commodity is dangerously overvalued, and the bubble pops. This results in an overreaction, depressing the value of the commodity until it is undervalued, and people get...
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Remembering that a market economy will tend to recover from recession in around 18 months on its own, recovery strategies by government need to affect the general economy within that first year and a half, or it is wasted. Realizing that we need two or three quarters to confirm that we are in a recession...
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Well, Ben Bernanke gave his Federal Reserve speech at the Jackson Hole [WY] symposium, and he didn’t mention another round of “quantitative easing” (read: printing money), so the Fed isn’t gong to help the president with his “secret plan” for restarting the economy...
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We got to Cost of Government Freedom Day on Saturday, August 13. We worked 41 days to pay for the $1.5 trillion federal deficit; 62 days to pay for the $2.3 trillion federal non-deficit budget; 44 days to pay for the total of $1.6 trillion of state and local government spending; 49 days to pay for the...