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July 16, 2012

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narciso

There's all the Superior Bank deal, which was the first subprime bustout.

Charlie (Colorado)

It's gonna be a long campaign.

NK

Love this post TomM-- so much sarcasm -- and rightfully so-- on so many levels. I especially like calling 'Bam on his projection on others about not doing anything on their own, I'm sure he believes that since he never wrote or did anything himself. BTW-- fracking wildcatters? the big boy cronies want to put them out of business-- see John Browne former BP pres, now a fracking CEO-- he says bring on the regulation-- that'll squash the small indie competitors.

narciso

I mean no one edits the Times, because it's like cutting through Tauntaun innards.


http://www.chicagobusiness.com/article/20120608/NEWS01/120609854/pritzkers-rid-themselves-of-remaining-superior-bank-debt

Threadkiller

From the same guy that doesn't understand liability insurance?

http://www.youtube.com/watch?v=vmo1rATDE00

Moron.

GMAX

I am going to listen to an explanation of capitalism from a community organizer, about as much as I would listen to Josh Hamilton expound on the quantum dynamics.

Clarice

Excellent rejoinder by James D. Glad TM quoted it.OT but any news on which dopes hired Patrick Fitzgerald?

Jim Ryan

Healthy bacteria in your colon deserve a cut of your profits, you capitalist pigs. If those bacteria weren't there, you'd drop dead and your company wouldn't make diddly squat. They make an enormous contribution to our economy.

$$ FOR BIFIDUS AND ACIDOPHILUS BACTERIA NOW!!

Thomas Collins

Obama, Warren and the rest of the progs apparently don't understand that providing a framework of infrastructure, police and military and fire and disaster personnel, and a rule of law protecting freedom of contract, is a far cry from bailing out GE, investing in Solyndra type projects, nationalizing health care and expanding the nanny/welfare state for Julia types. The thinking of the progs seems to be that if one operates a business within a body politic that provides essential governmental functions, the business operator must pay all taxes and be subject to all regulations conducive to the realization by the progs of their fantasy world.

Thomas Collins

The frackers have been so successful because they did do it on their own, and avoided governmental programs.

Thomas Collins

The frackers have been so successful because they did do it on their own, and avoided governmental programs.

NK

TC-- you're being too fair to the modern progs. The modern prog is like the Gambino crews selling fire insurance in East New York Bklyn the 1950s-60s-- everything is theirs, and they decide what to let you keep. It's feudalism, but with Government insiders replacing the Lords of the Manor.

Jim Ryan

To prove: "Capitalism" requires no moral defense.

Liberty is a natural right. This is self-evident. Take this as given.

"Capitalism" is an unavoidable result of freedom. If "capitalism" needs to be defended morally, then so does liberty. But ex hypothesi liberty does not need to be defended. Therefore, there is no need to defend capitalism. QED.

Any argument against capitalism is an argument against people's doing whatever they want with their property. It's a non-starter.

Danube of Thought

"...providing a framework of infrastructure, police and military and fire and disaster personnel, and a rule of law protecting freedom of contract,"

All of these are public goods and services, and it is right that they are publicly funded in even the freest of market economies. But that's about where it stops.

Obama understands none of this; neither does E. Warren. You would try in vain to converse with them on the subject.

Medieval Baron

Methinks Obama doth sound like that dastardly King John. Time for the barons to meet him at Runnymede and get the predator off our backs. I'm writing the Magna Carta right now. Will saddle up my charger, put on my armor and meet that arrogant churl in November.

GMAX

Print a common currency, form a standing army and get the hell out of the way. That is great motto for the Federal govt going forward. At local level we need s fire and police but that is no concern of the Feds.

matt

well, the Rissuan version of socialism broke down. The Chinese version broke down. It ain't looking too good in North Korea or in Cuba.

And the European model looks to be breaking down. In the meantime, we have allowed crooks and hijackers to commandeer the capitalist system into a form of oligarchy. It's time for another revolution.

Too big to fail is bullshit. London, Wall Street, Basel, and most of the rest are casinos rigged in every way. Hong Kong seems a bit straighter, but not much. More of an entrepot. Dubai is where all the drug money in Asia transacts.

Corruption is the single greatest threat to our modern economy, whether it's ploma o plombo in South America, Corzine, Madoff et al, or the whole rapine of the Congo.

Melinda Romanoff

Use Navy to protect trade routes.

MarkO

Obama was and is such a fraud. The more pressure Romney puts on him, the worse he will perform. He's never had pressure; never had serious opposition. He will have a hard time making progress with the race card or the hope and change idea.

That said, there are many Americans who prefer full security to liberty. Maybe too many.

NK

Matt@11:22 agree completely-- add Warren Buffett to you list-- buying a healthcare bill that transfer his employee healthcare costs to taxpayers, and Warren pockets the vig,

Extraneus

Obama understands none of this; neither does E. Warren.

I think they understand it fine. It's just that since it's unfair for some people to have more wealth than others, successful people must be taken down in order for their wealth to be distributed to the masses - after a nominal fee is skimmed off by the exempted leftist overseers, of course.

They know that corporate cronyism isn't "investment." It's just convenient to say it is. So is making believe that there's a multiplier effect to government spending.

They don't believe this b.s. any more than we do. It just furthers their goals to say they do.

rse

Anybody read VDH's post today at PJ?

He makes the point the more MO campaigns, the more her Chicago way personality emerges. And it is not what anyone wants to see in a First Lady.

Rick Ballard

"That said, there are many Americans who prefer full security to liberty."

MarkO,

We're very fortunate only 56% of the adult population bother to vote. If all the parasites were ever mobilized, we'd be cooked.

James D.

Jim Ryan, the problem is that there's a significant chunk of the electorate that DOESN'T take "liberty is a natural right" as a given.

That's what's so frustrating - that we have to defend, and, even worse, sometimes we have to explain in the first place to people who have been "educated" to the contrary, the value of liberty and the fact that it IS a natural right, and then move on to the things that flow from that fact.

Jim Ryan

Shlaes' Coolidge book delayed. Amazon giving up on it.

Clarice

Exactly, Rick.

Extraneus
The Obama Department of Agriculture has pulled the radio”novelas” that urged Spanish-speakers to wise up and get on the dole. (“In one of these, an individual tries to convince a friend to enroll in food stamps even though that friend declares: ‘I don’t need anyone’s help. My husband earns enough to take care of us,” says GOP Sen. Jeff Sessions, describing the novelas. “The first individual replies back: ‘When are you going to learn?’”)
Melinda Romanoff

Ex-

Is there a chance anyone might notice, or even bring up, the right hand/left hand activities of the Administration?

Just checking....

bgates

Obama has been attacking Romney because at some point Bain supposedly moved jobs offshore to China, but Bain couldn't exist if the Chinese had started a nuclear war with us, so don't we kind of owe them?

Jim Ryan

Sounds to me like the Chinese did their part, bgates.

pagar

"Ms. Pritzker’s wealth and business experience are huge assets but also potential liabilities."

http://www.lessthansuperior.org/

Own a failed bank. Negotiate an interest-free, long-term settlement. Get a prepayment discount. And, invest in a failed bank with FDIC assistance. What's wrong with this picture?

In other words, they ripped everyone off but it's OK because they are friends of the Obamas and their regime.

NK

Pagar@12:01-- what's your point? it's all the Chicago Way.

Jim Ryan

Shlaes lecturing on Coolidge. Takeaways: Coolidge penny-pincher's penny-pincher, Shlaes cute.

Jack is Back

This is what you get when you start to needle, one pin prick at a time, the thin, thin skin of a no-nothing narcissist - more utter stupidity and bullying. But then think of the audience in Roanoke, mostly moochers at the federal teat in a small community college where they get more people to show up for the adult education badminton tournament.

If Bain and anti-capitalist, anti-entrepreneurial is all they got - well then they got nothing.

rse

Well speaking of anti-capitalist, anti-entrepreneurial, here's today's post that once again joins the education, economic, and climate change visions.

http://www.invisibleserfscollar.com/real-change-will-require-new-values-and-new-ways-of-thinking-or-social-engineering-is-hard/

I think henry in particular will like this one because this propaganda is being launched on decision makers who have no basis usually for recognizing it is nonsense.

And let's remember Obama wants climate change to be the focus of his 2nd term.

Chubby

((They don't believe this b.s. any more than we do.))

I think a lot of lefties are that stupid that they do believe it.

jimmyk

If Bain and anti-capitalist, anti-entrepreneurial is all they got - well then they got nothing.

I guess they think since it worked when Romney ran against a Kennedy in Massachusetts, it's a winning formula. Now what is wrong with that picture?

Neo

Just imagine if someone had said:

“If Barack Obama has a Harvard law degree, he didn’t earn that. Somebody else made that happen.”

Or imagine if someone had said:

“If J.K. Rowling is cited as the author of the Harry Potter books, she didn’t write them. Somebody else made that happen.”

Or imagine if someone had said:

“If the Beatles are credited for writing and performing Rubber Soul, they didn’t do that. Someone else made that happen.”

Gus

This is even more simple.
LIBTARDS have spent us into oblivion by buying groups and group votes.
We've run out of money. LIBTARDS have 2 choices. ADMIT they are commies and were wrong. or..GO THE FULL COMMIE.

Liberals are dead enders.

Frau Bazillus

Jim Ryan @ 10:49
Thank you for your support. BIFIDUS AND ACIDOPHILUS BACTERIA are organizing and are presently in talks with the UMWA and SEIU. Bacteria toil tirelessly for "the man" without adequate compensation and under unimaginable conditions. Most are natural born and are entitled to all the rights of American citizenship.

Frau Bazillus

'...rights and *entitlements* "

Neo

You see this cat Shaft is a bad mother — (Shut your mouth)
But I’m talkin’ about Shaft (Then we can dig it)

Or imagine if someone had said:

“If Isaac Hayes is credited for writing and performing Shaft, he didn’t do that. Someone else made that happen.”

You see this cat Obama is a bad mother — we can dig it

Gus

Did Obama share the proceeds of DREAMS OF A LYING SONOFBITCHERS COMMIE FATHER-

With Bill Ayers?

narciso

I believe that was the 'Chewbacca defense' that they used to cheat Chef out of royalties.

pagar

"what's your point? it's all the Chicago Way.

My point is we should not have to live under the Chicago Way. The owners should have gone to jail over that Superior bank mess.

Sara

Romney - or his surrogates - need to counter garbage like Zero's speech yesterday with something like "successful business are successful because they DO give back ... blah, blah, blah

Romney should do a belly laugh and say, as he is laughing his ass off, "He said what? He really said that? I guess it is true what they say ... he's just not that smart, and he's a liar."

NK

Sara@2:55-- that's the way to respond to the lies, mock Obama. He hates that.

jimmyk

Another kind of response is to say, "Yes, business success does depend on government--a government that enforces laws, provides security, and builds roads and other infrastructure.

"And guess what? Government is funded disproportionately by the very people the president is demeaning, particularly those in the '1 percent.' Not only that, under President Obama, government has undermined the very rule of law that it is supposed to uphold, while asking for still more from those who already pay the most."

Joan

Obama's sincerity is that his core is socialism, and, at times I'd rather call it communism. This country was built by pioneers, people who journeyed in covered wagons, risking starvation, unbelievably hard physical labor, fear and pain, floods, drought sickness, fatal attacks from marauders, and there sure as hell weren't roads, bridges, manned rest stops, and government grants.

If I didn't hate to take the Lord's name in vain (in a public forum) I'd say "Goddamn I despise this man and his way of thinking."

To me, these statements in Virginia reveal him at his most despicable, ignorant, anti-American worst.

crazy

Then why do we need Obama to rebuild America?

bgates

There are some things, just like fighting fires, we don’t do on our own. I mean, imagine if everybody had their own fire service. That would be a hard way to organize fighting fires.

That's why local communities have fire departments. I mean, imagine if we federalized all fire departments. Imagine if Alaska and North Dakota got to vote on how many fire trucks New Mexico needed. Imagine, Obama-style, the ludicrous straw man of routing every emergency call for firemen or police or paralegals through a centralized federal office in Washington DC staffed by unionized government employees who worked only 10-3 Eastern time. That would be a hard way to fight fires too, wouldn't it?

Sara

This country was built by pioneers, people who journeyed in covered wagons, risking starvation, unbelievably hard physical labor, fear and pain, floods, drought sickness, fatal attacks from marauders, and there sure as hell weren't roads, bridges, manned rest stops, and government grants.

Mormon Hand Cart:


Winter Quarters:


Mormon handcart sculpture called "Written Upon the Heart" by Kenneth Wm. Packer at Mormon Museum. Salt Lake City, UT.

Dale Gribble

Hey Sara, thanks for the pics of the handcarts and winter quarters.All you need is a current pic of Salt Lake to show what my ancestors(much better people than myself) built in the desert. My great-great-great grandfather, Jefferson Hunt(founded SanBernardino,Ca and Huntsville,Ut)arrived in Salt Lake on Xmas or New years eve, went to dinner at Brigham's house and left to rescue the handcarts the next morning.

Dale Gribble

My great-great-great grandmother Celia Mounts Hunt lost half of her teeth at Winter Quarters due to scurvey.

sbw

Why are people dwelling on Mormonism. It's as irrelevant today as Kennedy’s Catholicism was in 1960. Certain people thought it was a political issue and -- surprise -- they were wrong.

mockmook

sbw,

The big attacks (by Dems) on Mormonism haven't started yet.

Sara

No one is dwelling on Mormonism, the pics were part of illustrating that there were lots of people who sacrificed greatly and did it without all those roads and bridges Obama was whining about and as an illustration of this statement:

This country was built by pioneers, people who journeyed in covered wagons, risking starvation, unbelievably hard physical labor, fear and pain, floods, drought sickness, fatal attacks from marauders, and there sure as hell weren't roads, bridges, manned rest stops, and government grants.

Not a word about religion, just hard driving pioneers and in the case of early Mormons, trying to escape the stranglehold of government.

East Bay Jay

Hyatt is notorious in the hotel industry for being skinflints. It's also closely held - just a handful of rich people that own it. And this woman supports Obama? Figures.

Sara

Dale: My family didn't become LDS until the mid 1970s, but in doing genealogy, I've had both the pleasure and the sadness to the point of tears in reading some of the Journal entries for those who made the Trek to the Desert. The hardships were unbelievable. We learned about it in school, but it was always taught along with tales of the Oregon Trail and the Santa Fe Trail, so I never even knew that being a Mormon was a religion and not just a name for a group of early pioneers. I always liked the handcart sculpture I posted because it shows a woman. From the Journals, it is really a shock to learn how many of the men died and the women picked up the slack and pulled those carts themselves. I know I'm very proud of some of my female ancestors where the record shows they held off contingents of British soldiers or fought off Indian attacks while the men were away. If I had a pioneer female ancestor who made that Trek pulling a handcart, I would be so proud to have those genes in me.

sbw

What my ancestors did, they did. Not me.

Sara

What my ancestors did, they did. Not me.

SBW: One should never try to ride on the shoulders of ancestors. I have strong feelings about that and it is one reason I'm never impressed by DAR/SAR membership or any of the other organizations where membership is conditional on what some ancestor did.

But that said, I love knowing that my genes include those who were strong and feisty and not willing to take carp off anyone. I am proud of those who risked everything or gave up everything to make a better life and were willing to fight for the right.

dual diagnosis

Two bottle diagnosis exists when an individual also has mental and importance abuse problems.
Figures reveal that do 53% of individuals suffer from mental illness, while 50% of alcoholics usually have mental problem as well.

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