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Monday, July 7, 2014

Articles of Impeachment for Obama


The Dems are raising money  by alarming donors with the prospect of impeachment.  “Give money to preserve our Democrat Senate lest the evil Republicans impeach our President.” I doubt that will happen but I guess I agree with their premise.  So if we impeached Obama, what could we charge him with?  My granddad would have offered the following as a starter.

 

“He has refused his Assent to Laws, the most wholesome and necessary for the public Good.”

“He has…obstruct[ed] the Laws for Naturalization of Foreigners.”

“He has erected a multitude of new offices, and sent hither Swarms of Officers to harass our People, and eat out their Substance.”

“He has combined with others to subject us to a Jurisdiction foreign to our Constitution, and unacknowledged by our Laws; giving his Assent to their Acts of pretended Legislation.”

“For …abolishing our most valuable Laws, and altering fundamentally the Forms of our Governments.”

“He has excited domestic Insurrections amongst us.”

“In every stage of these Oppressions we have Petitioned for Redress in the most humbe Terms; Our repeated Petitions have been answered only by repeated Injury.  A Prince whose Character is thus marked by every act which may define a Tyrant, is unfit to be the Ruler of a Free People.”

                                    --Declaration of Independence

 

Actually great great great great great grandfather, General Daniel Morgan, didn’t actually sign this document; but he would have if he’d been in Philadelphia.  Nonetheless, he was General Washington’s southern commander, organizer of the Virginia Sharpshooters.  Certainly would have taken a shot at King George III if he had had a chance. And I think we could bank on him to recommend the above articles of impeachment.  Those hotheads like George Washington, Patrick Henry and Samuel Adams would have been raising an army by now.

Sunday, July 6, 2014

Journalists!!


So where do I get the idea that journalists are simply a bunch who know how to write and broadcast but know little about anything else?  And who infect each other with leftist politics?

Watching the Weather Channel this morning, I got an education of blowout preventers.  The bozo with the microphone told us that hardly anybody knew what a blowout preventer was until the BP oil disaster and that oil companies don’t like to talk about blowout preventers.  The gist of the article was about some guy who has invented an undersea cleaner to clean things dropped on the deep sea floor of mud and other contaminants.  Good invention.  But the author went on to say that the notion that things might be dropped under construction is hush-hush by the evil oil industry. 

Hunh?  Blowout preventers have been around since the 1920s.  They are the things that keep wells from spewing crude into the air.  Come to Oklahoma and talk to anybody who works on a drilling rig.  Or anybody in an oil company.  Or just about any casual citizen who lives around the oil industry.  Any lawyer, state regulator, or accountant who has ever seen an Income and Expense sheet for an oil and gas concern.  If you have a reservoir two miles deep and an overburden of rock that is at least twice as heavy as water, it’s like sitting on a water balloon and poking a hole with a needle through a bore hole straw.  Do you think the water will try to blow out the straw?  Same with an oil or gas well. So now as we approach the 100th anniversary of blowout preventers with an entire competitive industry of well services, the journalists are clueless of their existence. 

Now it’s okay to be a layman and not know about the engineering, but to then to blame that your own stupidity on perniciousness of an industry is sort of telling about your own moral character.  Let me give another example.  The left has been fretting about how the Hobby Lobby decision will allow Big Companies to use religion to exonerate and extricate themselves from other things they dislike like taxes.  Indeed, I sit facing a cartoon that shows a tall building labeled as megareligion corporation and big headlines about how the company wants poor pay for women, no minimum wage, and no pensions, no taxes.  I have one little question.  Does the writer know anything about any religion out there?  Did Jesus say something about not liking minimum wage?  Did Buddha nix pensions?  Lao-tzu decry taxes? Maybe Moses wanted his sister Miriam to work for free.  Okay, so Islam might want unequal pay but that’s something for the Justice department to pursue.  The point is that the Godless Left knows so little about faith it’s laughable.  They spew airheaded manure and believe their own dung.

Finally came a supposedly serious article by AP, “Absolutely Pretentious” about how the US economy is just wondrously better than all the rest of the world, and immune to the problems that plague those other poor countries.  The author lists reasons why.  Employment is booming with 288,000 jobs created, entrepreneurship is just sky high, USA knows better than to cut spending much, and the stock market is glorious.  Hmm.  The jobs report for this month shows 800,000 part-time jobs created and 500,000 full-time jobs lost giving a net +288,000. But the loss of all those full-time jobs is troubling, by most any economist’s thinking.  USA has gradually stopped being a highly entrepreneurial country under the thumb of heavy regulation.  Before the 90’s, 13 to 14% of companies were less than a year old showing a lot of new enterprises starting—a statistic true for over a hundred years.  Today we are down to 6-8%, the statistic that reminds one of France and the PIIGS countries of the European Union.  Germany has more start-ups than USA.  Deficit spending has continued so long that debt service will become a devastating issue if the interest rate ever goes up—in other words, when the economy tries to improve.  So our national debt may be a drag on overall growth for years to come.  Finally stocks now trade at an average price-to-earnings ratio of 25.  Historically US stocks have traded at 10-16 P/E and whenever they have gone above 20, they won’t stay that way for long.  Either a crash or sea change of earnings increases has to take place. 

If anything, this AP article could be viewed as a strong indicator of a market crash, like Joe Kennedy, a week before Black Monday, listening to the shoe shine boy talk equities and concluding that things had come to a pretty pass and it was time to get out of the market.  Me?  I just think it is time to stop listening to the journalists.