"...an utterly corrupt new religion called environmentalism..."
If the history of this planet's climate over millions of years is any guide, we are about to enter a new ice age.
CAIR spokesman Ibrahim Hooper indicated in a 1993 interview with the Minneapolis Star Tribune that he wants to see the United States become a Muslim country.
'Privileged Private Equity?'
By Tom Brewton (06/29/07)
Free markets do a far better job of policing than socialistic lawmakers.
Liberal-Progressives' politics of envy and class warfare, recently aimed at hedge funds and private equity groups, exemplifies the fairy tale nature of socialism.
As noted in Economic Class Warfare, hedge funds and private equity groups are not the product of privilege. Paradoxically they result from excessive Federal spending authorized by liberal-Progressives themselves. The financial world is flooded with excess liquidity, because the Federal Reserve, to fund Congressional spending, keeps pumping out phony money that fuels inflation.
Liberals in Congress have been pompously posturing, purportedly seeking regulations to protect the public, but in reality hoping to extort new taxes and open new avenues for class action suits by their money pals, the tort bar.
Today's (June 28, 2007) Wall Street Journal reports that the capitalist free markets have swiftly imposed judgment, more exactly and decisively than intellectual planners ever could manage. Summarizing an article titled Market's Jitters Stir Some Fears For Buyout Boom, Journal editors wrote:
Wall Street firms struggled to find buyers for several takeover-related debt offerings. Easy credit has been the driving force behind the rash of buyouts, and investors' reluctance to buy risky debt could put the boom in jeopardy.
Capitalistic free markets are self-regulating, because lenders and borrowers are two different groups. Borrowers have to convince lenders that their projects are creditworthy. If results fail to meet projections, projects are curtailed or shut down.
In contrast, there is no separation in Federal spending between lenders and borrowers. They are one and the same. Consequently, Congress seldom is concerned whether a spending program makes economic sense. The only criterion is how many votes it can buy. Which means that spending as much money as possible, for as long as possible, is the driving force for Congress. Once instituted, those spending programs become, like Dracula, the undead.
None of this is to say that capitalistic businessmen are not sometimes as stupid as politicians. Deal-making in the financial community is faddish. Recently hedge funds and private equity groups have been the hot spots for placing institutional funds. Earlier fads have ranged from high-yield junk bonds to REITS.
Inflationary creation of fiat money by the Federal Reserve, is the driver. When institutional investors have large amounts of money to invest, they aggressively seek deals, and Wall Street bankers are there to create the deals.
But, in the real-world, free-market arena, no species of project funding can continue expanding indefinitely. The financial community are always smashed to a halt when they overload the market with the latest fad deals. Credit scares or bankruptcies swiftly sober investors and deal makers.
Thomas E. Brewton
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Native of Louisiana; graduated from Louisiana State University in 1956. While there had the good fortune to study political science under Eric Voegelin and Constitutional law under Walter Berns.
Graduated from the Harvard Business School in 1958, then worked in the Wall Street financial community for thirty years. After retiring, surrounded by liberals in Scarsdale, New York, began writing op-ed pieces for local newspapers and essays for my children, aiming to counter the barbarism of liberal-socialism. From this came my website, The View From 1776 ( http://www.thomasbrewton.com/ ). A staff writer for the New Media Alliance, Inc.
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UPSSA
United Progressive Socialist States of America
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"Mexico, Canada partnership underway with no authorization from Congress"
The United States Is Being Overthrown By Our Politicians - "A silent but all-reaching coup is taking place within the
United States. This coup is not being directed by bomb-laden Muslim terrorists, nor will it ever be covered by the mainstream media.
The seditious act is being carried out by our very own elected officials, with President Bush leading the insurrection."
"The FDA has conveniently used the excuse of looking out for consumer safety to increase their perverse regulatory power,
undermine free speech, disrupt commerce, and generally get in the way of helping people improve their health. The "half-truth" of
the safety issue is used as a ploy to reduce the rights of Americans, one freedom at a time. Once again, the FDA is seeking more
police power to intimidate supplement companies. This is one step in an overall FDA master plan to eliminate therapeutic nutritional
supplements from the free market. Those who lose are the American public." The FDA - A Wolf in Sheep's Clothing
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