Via Rob Zurrer who writes;
Victor Davis Hanson on what I would call a "blow off top" scenario in the bull market in government employees.
OK, I am in hope ( a foolish state) that we are dealing with the equivalent of the blow off top in the Nasdaq in 2000 , and a collapse in government employees on par with...... for example Yahoo's plunge from $130 to $3.75 in a bit more than a year. Personally, I'm glad the US is the most heavily armed citizenry in history. I won't elaborate.....
I just remember so well the day 3Com spun off 20% of its wholly owned subsidiary Palm, and at the end of the day that 20% of Palm was trading for a greater market value than the entire listed 3Com..... which still owned 80% of Palm.
It's that crazy.
And more crazy - Administration Proposes New Agency to Study Climate Change
I believe this story ties in nicely with my earlier post in "Readers Tips".
"If we don't once and for all remove the Left from the levers of power of every Western country in the world WE ARE ALL DOOMED!"
http://www.telegraph.co.uk/news/newstopics/politics/labour/7050044/Labour-invents-33-new-crimes-every-month.html
Atlas Shrugged
As Obama continues on his Road to American Ruin Tour . . . nostalgia makes a comeback
http://www.powerlineblog.com/archives/2010/02/025553.php
Incredible. Another climate agency alongside the already massive climate bureaucracy? Unfathomable.
And thanks, Mr. G, for the link to the Telegraph. I mourn for the land of my forefathers.
Porculus for incompetent scientists. Well, it
should be good for enrollment in science faculties
at US universities. Where else are all those
"Environmental Science" graduates supposed to go?
Political science, sociology, women's studies
graduates can all find comfortable nests
in government, why not physical and biological
scientists?
The dismantling of America continues...now he has signaled throwing Israel to the wolves. By allegedly ringing Iran with anti-missile technology he isn't protecting anyone. What he is doing is sending a clear signal that he has accepted a nuclear Iran.
Well it is harder to deal with lies you don't control. They can now predict the future with little interference. I won't comdemn it yet, it remains to be seen what they are tasked to do. It can be for carbon trading or against.
Fred, love the billboard and yes I do miss W.
VDH mentions the 2nd amendment-created armed citizenry as a damper to totalist or corrupt government but I wonder how effective an unorganized conventionally armed insurrection would be.
During the last 2 years of the Bush Admin and all of BO's admin, Washington has been gearing up for a domestic insurrection.
All indications (and they are very open indications) are that this administration intends to continue to steer America away from its constitutional roots of free republic towards a collectivist totalist statism - like an extended branch of UN-IMF globalism. They are aware there will be strong domestic dissent and have ramped Bush's homeland security agency into a paramilitary counter insugency force for domestic revolt.
The most chilling thing I read from this Washington administration was the domestic security directives which basically label any political dissent to Dem neo Marxism as potential domestic terrorism. It sets up Christians, veterans, gun owners, libertarians, constitutionalists, patriots and classic republicans as targets for security forces.
http://www.wnd.com/index.php?fa=PAGE.view&pageId=94803
It's a charged political environment in the US right now . with an unrepentant anti-traditionalist administration at war with constitutional restraints and an enraged citizenry which the administration proceeds to taunt and goad into some sort of drastic act to end the non stop treasury plunder and constitutional decay. Something will pop if the Fed Dems do not back off the heavy handed reactions to political dissent.
Clinton had the same imperialist tack and it netted him Waco,Ruby Ridge, OKC and a dozen lesser skirmishes between traditional Americans and federal goons. With 3 times the armed homeland security personnel and deployment of military weapons and tactics in a domestic setting, will BO's domestic war legacy be more devastating than Klinton's?
What IS it with these Dems always getting militant domestically with dissent? Dem Governments always expand domestic enforcement agencies and show police state belligerence towards any policy dissent. Why the paranoia of backlash? What are they doing they are afraid will enrage the public?
What is the origin of Rob Zurrer's quote?
Watcher
I have watch this develope since the start of the 2008 Presidential Campaign.
The Dems and their proxies ACORN, Sarah Brady are absolutely paranoid of an armed public.
That USSC inerpretation of the Second Amendment was a major defeat---pre-election at that.
The public responded by going on a spontanious arming.....
[.....VDH mentions the 2nd amendment-created armed citizenry as a damper to totalist or corrupt government but I wonder how effective an unorganized conventionally armed insurrection would be.]
Factor this...like the Tea-Party movement....
No identifiable leaders....vast numbers.
A mass of arms and munitions has dissolved into the population....more than sufficient to arm the combined militaries of India and China.
This constitutes a hidden critical mass, that militarilly makes Al Qaida abd the Taliban seem like an afternoon old ladies sewing circle.
It's potential is a powerful political factor.
RESIST THE NEW WORLD ORDER
Good question Aaron.
Just so you know, it really did happen roughly as I laid out, only it was worse. Far worse. Lunacy. Here are the key phrases from the article: http://news.cnet.com/2100-1040-237592.html&tag=mncol%3btxt
"After soaring to more than $160 yesterday, Palm shares have slid steadily, ending today at $80.25".
Despite the 1/2 price close, the valuation was as follows (math???? it may not be double but it definitely was then still greater than its parent)
"One other measuring stick shows the pricey nature of the shares: Palm's $45 billion market capitalization is more than double that of the company it was spun off from: 3Com's market value is about $29 billion. Oddly enough, 3Com still owns about 95 percent of Palm after the IPO."
Plus typical stupid "analyst's" comments:
"Some IPO analysts said that while Palm's 150 percent first-day gain was respectable, they were surprised that the performance was not even stronger".
We forget how absolutely insane things can get. Not sure if you caught it but:
Dateline Dec 11/09 - And the statistics at individual agencies are astonishing.
"When the recession started, the Transportation Department had only one person earning a salary of $170,000 or more. Eighteen months later, 1,690 employees had salaries above $170,000".
Where is the quote taken from?
Aaron, use the link provided for that information. Note the date of the article March 3, 2000.
Does not matter how hard you try, you will not be able to disprove it. This did happen. Why you would ask such a question without reading the article seems a bit desperate to me.
Look up the Tulip Bulb Mania, the South Sea Bubble, John Law's Mississippi Scheme for more examples of collective human insanity.
Hey, as long as the government is not in my bedroom, what do I care what they do? Just so long as they stay out of the bedroom, they can have every other room....
Kevin Lafayette at February 9, 2010 12:19 PM, that just means that if you incrementally acquiesce to Big Brother Government taking control of one room of your house at a time, they -wanting total control of your house- will take your bedroom last.
It sounds crazy now, but the bedroom is the one place they will never come. For some reason, people seem to think that if they are free to "do" whomever they please, then they are absolutely free. Animals, children, groups, corpses; eventually they will all be allowed in the bedroom, and it will be the only "freedom" left.
You should re-read 'Brave New World'. 1984 had the sex thing exactly backwards.
I don't see a link to Rob Zurrer, only to Hanson.
http://news.cnet.com/2100-1040-237592.html&tag=mncol%3btxt
Re "Administration Proposes New Agency to Study Climate Change"
Perhaps it is a way of clearing the decks. Copying India? Competition within government? Is that bad or good?