Wednesday, August 4, 2010

Missouri Overwhelmingly Passes Prop C

Hopefully there are many states to follow who will not allow federal mandates, even if they are ruled constitutional in federal courts, to be foisted upon them. I smell a secession movement on the rise...

Missouri voters on Tuesday overwhelmingly rejected a federal mandate to purchase health insurance, rebuking President Barack Obama's administration and giving Republicans their first political victory in a national campaign to overturn the controversial health care law passed by Congress in March.

"The citizens of the Show-Me State don't want Washington involved in their health care decisions," said Sen. Jane Cunningham, R-Chesterfield, one of the sponsors of the legislation that put Proposition C on the August ballot. She credited a grass-roots campaign involving Tea Party and patriot groups with building support for the anti-Washington proposition.
With most of the vote counted, Proposition C was winning by a ratio of nearly 3 to 1. The measure, which seeks to exempt Missouri from the insurance mandate in the new health care law, includes a provision that would change how insurance companies that go out of business in Missouri liquidate their assets.
"I've never seen anything like it," Cunningham said at a campaign gathering at a private home in Town and Country. "Citizens wanted their voices to be heard."
About 30 Proposition C supporters whooped it up loudly at 9 p.m. when the returns flashed on the television showing the measure passing with more than 70 percent of the vote.....

Congrats to Justin Amash

Justin Amash won his Michigan primary yesterday. Judging from the primary results, he has a fantastic chance in the general election as well. Reinforcements are on their way.

Monday, June 28, 2010


The riots and looting that took place while the G20 was meeting in Toronto probably will get little if any coverage in the mainstream media. Just like the riots and looting that took place in Pittsburgh did not get any coverage. I think that this is the kind of activity, meaning the massive economic planning, world economic planning in secrecy that is going to be the cause of violent outbreaks. The audacity and arrogance of these central planners spurs an equal and opposite reaction from the "pawns" who the planning is for. While we have raised a few generations now to become dependent on the government, I still think that most people (and their numbers are growing) just want their government and governments of the world out of their lives.



Wednesday, June 23, 2010

War, McChrystal and Obama

Could it be that the Rolling Stone Article about General McChrystal is what pulls us out of the Afghan War? If so, it's too bad it has taken so long for an article like this to come out!

I have been having more than my fair share of anti-war sentiment lately. I know that there are a lot of people who have done absolutely no research on the politics of the regions in which we are running military operations and subsequently have no problem giving their whole-hearted support for the wars. They have no problem offering our country's treasure and the precious lives of our young people, often times their kids grandkids to go and die so that another BP oil rig can be protected in the Middle East. If they are so much FOR the war, why don't they sign up and go fight and stop offering the lives of other people and other generations? Let's bring 'em home and put them all on our borders. I bet that would solve our illegal immigration problems real quick. 2 birds, 1 stone.

Tuesday, June 15, 2010

Ron Insana attacks Ron Paul

Ron Insana attacks Ron Paul - is this guy serious?
Robert Wenzel with the rebuttal.

TUESDAY, JUNE 15, 2010

Insane Insana: Ron Insana's Vicious Attack on Ron Paul

Now this is rich.

Ron Insana, a failed  hedge fund manager, just went on CNBC to diss Ron Paul's investment strategy.

Follow along here.

In March 2006, Insana left CNBC to start Insana Capital Partners, a money management firm that would manage a fund of funds. He closed the firm in less than two years. His return to investors who put money with him was negative 5% .

What is particularly noteworthy about Insana closing shop is that he charged a 1.5 percent management fee and would have taken 20 percent of all profits, if there were any.As NYT put it at the time:

Over the course of more than a year, Mr. Insana raised about $116 million. It was a respectable number, to be sure, but it wasn’t $3 billion. And here is where Mr. Insana ran into trouble...[Because he didn't make any money for his investors] That left his management fee, which amounted to $1.74 million. (That’s 1.5 percent of $116 million.) On paper, that may seem like a lot of money. But it’s not. Like many first-time fund managers, Mr. Insana was forced to give up about half of the general partnership to his first investor – in this case, Deutsche Bank – in exchange for backing him. After paying Deutsche Bank, Insana Capital Partners was left with only about $870,000.

That would have been enough if it was just Mr. Insana, a secretary and a dog. But Mr. Insana was hoping to attract more than $1 billion from investors. And most big institutions won’t even consider investing in a fund that doesn’t have a proper infrastructure: a compliance officer, an accountant, analysts and so on. Mr. Insana had seven employees, and was paying for office space in the former CNBC studios in Fort Lee, N.J., and Bloomberg terminals – at more than $1,500 a pop a month – while traveling the globe in search of investors. Under the circumstances, $870,000 just wasn’t going to last very long.

Now, contrast this with Ron Paul, his advice back in March 2006 (with no staff to help him with his advice) would have been to buy gold. You could have learned this not by sending him 1.5% of your assets and then sending him 20% of any profits, but by buying for $14.00 a copy of his book, The Case for Gold.

So we know Ron Insana shut down his fee charging money losing machine, after charging his investors over a million dollars in "management fees". How's Ron Paul doing, based on advice you could have received from him for $14.00?

Let's see, Ron Paul's advice in March 2006 , when Insana started his firm, would have been to buy gold. Gold back then was trading around $550 an ounce.  Today, it is trading at over $1200 an ounce, a gain that Insana might even be able to calculate out (although never achieve) that is more than 100%.

Yet, Insana has the balls to say on CNBC:

Listen, the Ron Paul stuff, you know, if it weren't part of a conflict story would be funny because Ron Paul is one of the many elected representatives who we have that doesn't even have a basic understanding of fundamental economics, let alone more complex issues and better ways to hedge against inflation than buying gold. Gold is a complex instrument. You know, it speaks to a bigger point. He doesn't even know what he's doing.
It would be really difficult to find a more ludicrous comment. Insana knows of a better hedge against inflation than gold? Is Insana going to fill us in, or just throw this flaky comment out? Insana's hedge fund buddy, John Paulson, who actually makes money for his clients, unlike Insana, just loaded up on gold by purchasing over a billion dollars worth. Is he as unsophisticated as Ron Paul? Is Insana going to go on the air and diss him?

And just what does Insana know about Ron Paul's knowledge of economics?

It's clear that if you really pay attention to Paul that he has read Ludwig von Mises, Frederic Bastiat, F.A. Hayek, Henry Hazlitt and Murray Rothbard. This country would be in much better shape if the public at large read half the books on economics that Paul has.

I really have to think that Insana is clueless about economics, if he can't pick up the cues that Paul is extremely well read on the subject.

Maybe it's time Insana stop reading his marching order memos, from his controls, to diss gold and Ron Paul, and start reading up on the subject so that he doesn't sound so ignorant in  future commentaries and so that maybe he can make some money the next time he tries to manage other peoples money. He might start his reading with a great book that explains how the Federal Reserve manipulates the system and how gold is the antidote to such manipulation. The book is titled, End the Fed,

Monday, June 14, 2010

Congressman Bob Etheridge Assualts Student (D-NC2)

Think to yourself if the tables were reversed and the student had treated the congressman this way. The student surely would be in a prison cell awaiting trial. Even if the student presses charges, which I personally think they should, it is highly likely that the congressman will get off after issuing some kind of meaningless apology for his actions.

Friday, June 11, 2010

Monday, June 7, 2010


The other night myself with a number of other friends and concerned citizens got the ordinance killed that I referenced in the "Generation Gap" post.

Now if we can just repeal a whole slew of other laws...I'll keep you posted. 

Friday, June 4, 2010

Thursday, June 3, 2010