Monthly Archives: May 2011

Atheists Need Not Apply

Gov. Mitch Daniels (R-IN) called for a “truce” on social issues, and then dropped out of the race.  Sen. Rick Santorum (R-PA) is the anti-abortion candidate, and he wants everyone to know it.  He is also a nitwit.  Pres. Obama would crush him in a debate.  Memo to Republicans – the abortion thing is a loser.  The Democrats already have a lock on racial minorities and all union workers.  So, how about a strategy to alienate women?  For good measure, alienate gays, too!

Republicans must be feeling pretty smug about the “party purity” that installed Sen. Harry Reid (D-NV) for a fifth term.  The next election needs to be about jobs, jobs and jobs.  So, why – in the twenty-first century – are the Republicans still married to social issues?  Only God knows, and she seems to be a Democrat.

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Filed under Civil Rights

Scare Tactics

Rep. Paul Ryan (R-WI) has had the temerity to propose entitlement reform, and he is being pilloried for it.  This is not a claim to fame for the Republican Party, but for Sen. Ryan alone.  Prominent Republicans have been running scared, even as the Democrats ramp up an unedifying portrayal of senior citizens “pushed off a cliff.”

I’m glad we won this race in New York, but I hope Democrats don’t use it as an excuse to do nothing on Medicare.

So, what is the point of the permanent campaign, if Democrats end up permanent rulers of a bankrupt America?  At last, the eminence grise of the Democrats, President Bill Clinton, stood up and called for a serious debate on entitlement reform.  There you have it, exactly one statesman in each camp.  The rest will fiddle while Rome burns.

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Capitalism Goes Underground

This month’s CFO magazine reports that the number of companies traded in America is on the decline, from 9,000 in 1997 to 5,000 today.  The article stops short of citing regulatory compliance as the culprit.

Goldman Sachs, however, spoke volumes when they decided to take the Facebook IPO offshore.  Regulators have been harassing Goldman ever since they avoided the mortgage lending debacle of 2008.  So, who needs the headache?  There are plenty of investors in China.

Goldman Sachs now says it will only offer Facebook equity to investors outside the US as the firm is apparently worried about scrutiny from regulators.

Politicians like to blame Wall Street for their problems, but stock ownership is the most egalitarian thing going.  As companies go private, or leave America entirely, it is the common man who will suffer.

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Filed under Finance