Obama, here's why your FDR CCC 2.0 won't work

 

CCC = Civilian Conservation Corps

To Obama's Transition Team

To Obama's Transition Team

American Solutions For American Problems
And why the "conventional wisdom" won't work
by Karl Denninger (Excerpts)

(...) When one compares the GDP and total US Debt, you find a striking fact – there has been no actual GDP growth at all in the last eight years. In fact, you can go back through President Clinton's second term in office and you will find the same thing – the entirety of so-called "growth" since 1996 was in fact growth in debt, not GDP.

Once we understand the foundation of what has happened, we can then look at the basic facts surrounding our economy. These facts include:

• There has been no actual GDP growth for more than ten years; claiming "growth" from increased debt is exactly identical to my going out and borrowing $200,000 on my credit cards, then claiming to be $200,000 richer. I am in fact poorer than when I started since I must not only repay the $200,000 but must also pay interest on it!
• We have replaced productive output (building cars, computers, TV sets, washing machines, etc) with non-productive output (shuffling paper, creating "financial innovation", etc)
• "Financial innovation" is in fact equity-stripping; if there is 300 basis points of profit available in a bundle of mortgages over the reference rate (e.g. 10 year swaps), that's all there is. You can allocate who gets the 300 basis points but you cannot increase the amount of actual profit available. Financial "innovation" is in fact a fraud as the only means by which you can obtain more than originally existed is through lying; this is typically accomplished through obfuscation and opacity (e.g. CDOs with 100,000 pages of underlying documentation which are flatly impossible to read due to volume before the purchase decision is made.)
• The fiscal and monetary policies of the previous ten years and more have been insanely inflationist, causing the prices of necessary goods and services, such as homes, education and health care, to skyrocket, while global wage arbitrage has caused real standards of living to decline for 90% of Americans. We must stop this now if we are to have a working middle class in this nation going forward.

(...) From this we find the foundation for solutions that are driven first by mathematical necessity, and then by maintenance and improvement of the public weal, both directly and indirectly. These are: (Click here to read solutions)

HAT TIP: Excellent blog ... Highly recommended! -- The Market Ticker

Election Success: Don't move from conservative to Republican

Tennessee State Rep. Stacy Campfield explains election success and how to maintain a majority now that the GOP controls both the Tennessee House and Senate even in the Obama electoral wave.

New level, New Devil

As I said in my last political post I think [Tennessee] Republicans have a very strong shot of not only maintaining the majority but also expanding it. Is that a guarantee? No. While I do not see the Democrats taking majority from us (The issues and idea people are not over there) I do think Republicans can fumble the ball on their own.

How?

To look forward, we must look back. Over the years I have had the opportunity to speak with and listened to several Republicans who were part of the Reagan revolution as well as many people who have worked long and hard to put us in the majority. They all seem to offer similar advice on what to do and what not to do.

I hear a lot of "Don't let happen what happened to us", "Let Tennessee be a leader for the country to see why Republicans should lead again"

These are the top 9 things I gleaned....

1. Don't Compromising values for power, position and money. Campaigns and leadership, if done correctly, are hard work for regular people. In the legislature people don't necessarily offer bribes (As far as I know) but it is well known who gives money and the issues that are important to them. Some fear loosing the money or having that money used against them. They would rather compromise their principles then possibly offend some group and have to do the physical work of a campaign against the big money people. In the long run though, it will disenfranchise people from us and our message.

2. Family values does not means "involvement" with multiple people from different families outside your own. We won on family values. Republicans are held to a higher standard on social issue. When one of us stumbles it pulls down the entire team. Proof can be seen at the national level where one Republican and a male intern or bathroom stall incident pulls down the entire party at election time. Should someone screw up at the wrong time it could hurt us all.

3. Don't move from conservative to Republican. The warnings came from many people that saw it happen in congress. After six or eight years many of the conservatives retired from congress back into private life. What replaced them were not true believers but were more liberal or moderates who ran on the ticket as Republicans but served as liberal Democrats. They lost the strong conservative agenda that swept Republicans into power. It diluted the brand message. It just took time to be exposed and removed.

4. Don't get cocky and lazy. Do not stop doing the things that got us there. Hard work, door to door, going to events having listening tours, doing surveys, etc..

5. Not pushing what we promised. Many groups worked hard to help us get where we are. They expect and deserve to be rewarded for that hard work by our following through with what we promised them. Homeschooling groups, legal gun owners, right to life groups have great expectations.

 

 

6. Don't fall for the Bright lights, big city/Don't "Go Nashville".

Big parties and pretty people laughing at all your bad jokes can be very addicting to some people. They like the people so they fear loosing the friendship if they cut their department. It is so addicting that many people forget to go home. They forget that the only people that matter aren't their "Friends" in Nashville. They are the real friends back in their home district. The people in Nashville don't knock on doors, put up signs or stand at the polls for us. The people at home do.

 

  

7. Watch out for Personal greed. Some legislators have gotten "rich" from their time and connections in Nashville. Sooner or later it gets exposed and looks terrible. Our goal should not be to get rich or make our immediate friends and family rich because we are suddenly in power. It is to remove barriers to success for everyone. To give all people back more of their money so they they have an equal opportunity to make a living or get rich. As momma said "If you didn't come with it and it wasn't clearly part of the deal then don't leave with it."

 

 8. Compromising for compromise sake. Trying to be everything to everybody is a sure way to sooner or later mean nothing to anybody. When some reasonable compromise can be reached it is fine but don't give away the farm to buy some chickens.

 

 

 

9. Power as a multiplier They say three things can really multiply the negative aspects of people. Money, drugs and power.

Now that we are in power we must guard against letting the negative sides of our personal nature get the best of us. Obviously as conservatives versus Liberals our ideas are going to greatly diverge but if A Democrat comes up with an idea it should get a fair hearing and an honest vote.

Statist Snob Sen. Harry Reid: We won't smell the tourists anymore

Reid: We won't smell the tourists anymore

By Jeff Dufour and Patrick Gavin
POSTED December 2, 2008 | 11:00 AM    DC Examiner.com

The Capitol Visitors Center, which opened this morning, may have tripled its original budget and fallen years behind schedule, but Senate Majority Leader Harry Reid found a silver lining for members of Congress: tourists won't offend them with their B.O. anymore.

"My staff tells me not to say this, but I'm going to say it anyway," said Reid in his remarks. "In the summer because of the heat and high humidity, you could literally smell the tourists coming into the Capitol. It may be descriptive but it's true."

But it's no longer going to be true, noted Reid, thanks to the air conditioned, indoor space.

And that's not all. "We have many bathrooms here, as you can see," Reid continued. "Souvenirs are available."
 
$621 million well spent.

"We have many bathrooms here, as you can see," Reid continued. 

(Editorial comment inserted below)

Interesting: Hillary Ineligible for Cabinet Post?

It seems eligibility is in the news today. Via Instapundit, I read two articles, one at DailyKos and one at The Volokh conspiracy, regarding Hillary Clinton's eligibility to serve as Secretary of State for the Obama administration. My reading of the story online indicates the DailyKos blog came first.

The source of the issue is something called the Emoluments Clause, which is a clause in the Constitution that essentially states that, while a person is serving a term of office to which they were elected, he or she may not be appointed to any civil office which was newly created, or for which the compensation was increased in that same term. So because there was a pay raise given to the position of Secretary of State during Senator Clinton's current term, she is ineligible for appointment to this office. The wording: "No Senator or Representative shall, during the Time for which he was elected, be appointed to any civil Office under the Authority of the United States which shall have been created, or the Emoluments whereof shall have been increased during such time; and no Person holding any Office under the United States, shall be a Member of either House during his Continuance in Office."

That's not all, either. This is not, apparently, the first time the issue has come up. Multiple examples are available at the sources above, but one in particular would be pertinent in the case of Hillary. When President Nixon wanted Sen. William Saxbe for his Attorney General, he had Congress reduce the wage, which had been increased and triggered the clause, in order to get around the restriction. The maneuver has been dubbed the "Saxbe fix".

 

Read more ...

 

Link: Calabe Howe

The Political Machine

SC To Have Sales Tax Free Holiday For Gun Sales

We should do this in our state!

Link: Columbia, SC—Most people are probably unaware of it, but on the Friday and Saturday after Thanksgiving, handguns, rifles and shotguns will be sales tax free in South Carolina. State lawmakers passed a bill in June that includes the sales tax holiday on firearms. They called it the Second Amendment Recognition Act.

Rep. Mike Pitts, R-Greenwood, was the sponsor of the original bill. He said he got the idea after talking to the owners of a hunting outfitters shop in Clinton about the late summer sales tax holiday for back-to-school supplies and clothing. The store owners said they could use the stimulus, too. "It was to help dealers," Rep. Pitts says. "Another point was to bring recognition to the 2nd Amendment."

Kent Parsons, manager of Barron's Outfitters hunting and fishing store in Columbia, says the days after Thanksgiving are typically busy sales days anyway. He's hoping that even more people than usual will be buying shotguns and rifles from his store since they'll be sales tax free. Sales tax will still be charged on ammunition and accessories.

Global Socialists Toast Victory over America

By Cliff Kincaid of Accuracy in Media  (11-16-08)

"...the growing anger over the endless series of taxpayer bailouts is getting louder and louder."

The American people may be losing their jobs and savings, but on Friday night, on the eve of the international financial summit, they provided President Bush and other G20 leaders a lavish banquet that included $300-a-bottle wine, Vermont Brie, eggplant fondue, and rack of lamb. Details of the "culinary delights" and "sumptuous feast" provided to the politicians who departed their black limousines were included in wire service stories. They were toasting the demise of America as a global economic and military superpower and planning to loot another trillion dollars from U.S. taxpayers. 

 

Read the rest of this article ...