Ted Cruz Wins Texas Primary

July 31, 2012

AP Has it for Ted Cruz.

Tea Party wins another one … Tea Party has rocked our world! 🙂

A century of freedom and free markets: Celebrating Milton Friedman

July 31, 2012

Milton Friedman, the man to celebrate when talking the joys of free market capitalism. He would be 100 years young today, read his work, books. Especially his 1980 book “Free to Choose,” authored with his wife Rose, refuted popular claims that “more government” would improve the quality of our lives.

Know him, tell others.

Exactly a century ago, the United States was a highly charged magnet for immigrants around the world.  Thousands entered Ellis Island each day on the hope of making a better life for themselves and their families.  Two of those immigrants were Jeno and Sara Friedman; they would become the parents of Milton Friedman, one of the most influential and important economists of the 20thcentury.

Today, we are advertising our welfare state in Mexico. What a let down. If America goes, freedom goes.

Notable quotes:

History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition.
Milton Friedman
If you put the federal government in charge of the Sahara Desert, in 5 years there’d be a shortage of sand.
Milton Friedman

A major source of objection to a free economy is precisely that group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.
Milton Friedman

And what does reward virtue? You think the communist commissar rewards virtue? You think a Hitler rewards virtue? You think, excuse me, if you’ll pardon me, American presidents reward virtue? Do they choose their appointees on the basis of the virtue of the people appointed or on the basis of their political clout?
Milton Friedman

Columbus did not seek a new route to the Indies in response to a majority directive.
Milton Friedman

Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.
Milton Friedman

Concentrated power is not rendered harmless by the good intentions of those who create it.
Milton Friedman

Every friend of freedom must be as revolted as I am by the prospect of turning the United States into an armed camp, by the vision of jails filled with casual drug users and of an army of enforcers empowered to invade the liberty of citizens on slight evidence.

Another Company Scraps US Expansion Plans Due To Obamacare Medical Device Tax

July 31, 2012

Thirty-seven House Democrats joined Republicans last month in voting to repeal the medical device tax in Obamacare. The bill is now sitting in the Senate, where Republicans who support repealing the tax are doing so because it will cost thousands of jobs as well as force companies to cut R & D, etc.

Repeal Obamacare is the only option.

Here’s the latest fallout:

An Indiana company’s decision to scrap expansion plans due to a looming tax on medical devices has renewed pressure on the Senate to consider a House-passed bill repealing the tax.

They’re just going into subcontracting new expansion, outsourcing. Off shore sourcing,

House Speaker John Boehner, in a written statement, urged the Senate to take up the bill “as soon as possible.”

Companies in the medical device industry for months have been calling on Congress to strip the provision. Amid the complaints, though, several firms have already taken steps to cut back U.S. investment out of concern for the tax’s impact.

Cook Medical, an Indiana-based medical equipment manufacturer, last week said it’s nixing plans to open five new plants in the next five years — claiming the tax will cost between $15 million and $30 million a year, cutting into money that would otherwise go toward expanding into new facilities in the Midwest.

“Unfortunately, we have had to shelve these expansion plans and look overseas for that,” Allison Giles, vice president for federal affairs with the company, told FoxNews.com. “It’s a huge amount for us.”

Could news like this prompt more senators to join the device tax repeal? Probably not enough of them. If you were to tell somebody like Harry Reid that people are losing their jobs because of the ACA’s medical device tax, he’d probably retort, “and thanks to us they won’t lose their health care too!”.

When everybody is in the wagon, does anybody think the wagon will not just stop?

In other health care news

Global Warming Debunked

July 31, 2012

Science is not about consensus, it’s about testing hypothesis.

First a setup video — Professor Bob Carter has some lecture shorts on the subject if you are interested.

Prof Carter is one of the most interesting lectures on this subject, and knowledgeable as well. This is just part 1, there are four parts on youtube.

The global warming hoax is all but finished off with this new research. The mathematical computation computer models that pass for global warming research are just that, they are computer models, they make predictions and no one verifies they actually predicted what happens on Earth. They have been making these predictions for 20 years. Well yes some have verified the predictions, and no the computer models don’t match what happens in the real world, so that explains why you never hear about that fact.

In fact, nothing predicted by the computer models has been born out with empirical data. You would think after 20 years, that would bury the hoax.
Read the rest of this entry »

Romney Concludes Foreign Trip With Speech On Polish, American Ties

July 31, 2012

(audio only)

Mitt Romney wrapped up his foreign tour on Tuesday with a speech emphasizing the deep ties of friendship between America and Poland and expressing his appreciation to Poland for standing beside the U.S. in conflicts over many generations, including the wars in Iraq and Afghanistan.

During a speech at the library of the University of Warsaw, which followed separate, private meetings with the Polish Foreign Minister and Poland’s president, Romney said he was inspired by “the path of freedom tread by the people of Poland.”

Earlier today:

Lech Walesa, the Nobel Prize winner and former Polish president, effectively endorsed Mitt Romney for president here Monday.

Republican presidential candidate Mitt Romney meets with Poland’s former President Lech Walesa, Monday, July 30, 2012, in Artus Court in Gdansk, Poland. (Charles Dharapak – AP)

“I wish you to be successful because this success is needed to the United States, of course, but to Europe and the rest of the world, too. Governor Romney, get your success, be successful!” Walesa said through a translator following their joint meeting in Gdansk. He hit his handon the table for emphasis.

The favorable comments came as Romney began a visit to Poland at the end of an overseas trip that included stops in London and Jerusalem. Romney’s schedule on Monday also includes meetings with Poland’s Prime Minister Donald Tusk.

OK so this post is for my Polish wife.

Please Don’t

July 31, 2012

Why? When your budget for each year looks like and exploding star, should’t you want us all to know?

GM Is Sponsoring Two British Soccer Teams

July 31, 2012

From Reuters:

GM signs Man[chester] United deal day after marketing executive exit

General Motors Co signed a sponsorship deal with Manchester United on Monday after rewording the terms negotiated with the popular English football club by the U.S. automaker’s ousted global marketing chief.

Under the seven-year jersey sponsorship deal starting in 2014-2015 for the Chevrolet brand, GM will pay $60 million to $70 million a year, said a person with knowledge of the contract who asked not to be identified. GM also will pay the club a $100 million activation fee, making the deal’s total value worth as much as $600 million, the person said…

GM announced on May 31 that Chevy would take over as Manchester United’s automotive sponsor, replacing Volkswagen’s Audi brand. Terms of that deal, which runs for five years, were not disclosed, but analysts said it is likely worth at least tens of millions of dollars…

GM, which spent almost $4.5 billion on advertising last year, said in May it wanted to tap in to Manchester United’s estimated 659 million fans around the world to boost the image of its Chevy brand, especially in Asia.

The automaker also announced a four-year auto sponsorship deal last week with Manchester United rival Liverpool…

What could be more ‘all American’ than apple pie, Chevrolet, and soccer? Outsourcing sales.

Political spending by unions far exceeds direct donations

July 31, 2012

Organized labor spends about four times as much on politics and lobbying as generally thought, according to a Wall Street Journal analysis, a finding that shines a light on an aspect of labor’s political activity that has often been overlooked.

Previous estimates have focused on labor unions’ filings with federal election officials, which chronicle contributions made directly to federal candidates and union spending in support of candidates for Congress and the White House.

But unions spend far more money on a wider range of political activities, including supporting state and local candidates and deploying what has long been seen as the unions’ most potent political weapon: persuading members to vote as unions want them to.

The new figures come from a little-known set of annual reports to the Labor Department in which local unions, their national parents and labor federations have been required to detail their spending on politics and lobbying since 2005.

The hours spent by union employees working on political matters were equivalent in 2010 to a shadow army much larger than President Barack Obama’s current re-election staff, data analyzed by the Journal show.

Fail: It’s Come To This: ‘Donate $10 To Get Vote Obama Car Magnet. Simple As That.’

July 31, 2012

$10 vote Obama car magnet?

They’ll throw 4 years of misery in for free!

Hopey-changey buttons to the discount bins, while there is still time!

How about a stopper?

Fed Seen Forgoing New Bond Buying Program Until September

July 31, 2012

After saying buying our own debt won’t ever be done, he does just that. There are limits to what monetary policy can do.

Federal Reserve Chairman Ben S. Bernanke will probably forgo announcing a third round of large- scale asset purchases this week, and is more likely to wait until September to unveil plans to buy $600 billion in housing and government debt, according to median estimates of economists in a Bloomberg News survey.

Eighty-eight percent of economists say the Federal Open Market Committee will refrain from starting new purchases at a two-day meeting that began today in Washington. Forty-eight percent say the FOMC will announce the buying at its Sept. 12-13 meeting, according to the July 25-27 survey of 58 economists.

%d bloggers like this: