Archive for the ‘ Economy ’ Category

Sen. Feinstein, the “common thread” isn’t merely guns and ammo. Why do you refuse to take a look at SSRI meds?


US Senator Diane Feinstein (Democrat, California) has recently come out guns blazing, noting the “common thread” between recent mass shootings and the use of high powered assault rifles and high ammo clips.

Never mind the guns she and other vocal libs such as Piers Morgan are attacking number in the millions whilst you can count mass shootings on one or two hands.

Add everything together, make all the necessary caveats, carry the two, and we reach the conclusion that there are somewhere around 3,750,000 AR-15-type rifles in the United States today. If there are around 310 million firearms in the USA today, that means these auto-loading assault-style rifles make up around 1 percent of the total arsenal.

Yes, there’s a lot of gun violence in the US, but the measures being proposed now are even less than a futile gesture.

One thing you can count on, however, is that all of these mass shooters were either on, or had recently come off SSRI medication such as Prozac.

But even then, you have millions upon millions of Americans on SSRIs, and yet, however tragic each and every mass shooting is, still only that handful or two of them.

Sure, do a background check for every legal gun purchase, but be careful on the rest of the liberal proposals.

We all know it’s a leftist’s wet dream to have a world ridded of guns, but that simply is never going to happen. That’s not how our species works.

At best, proposals such as Feinstein’s will make it harder for the good guy, and won’t do a thing to kerb most gun violence, about 3/4 of which is gangbangers and the like (google it if you don’t believe that).

TBH, most of the stuff I’m hearing, from the gun debate to Benghazi, to Obama’s renewed push to combat climate change :roll: is nothing more than a constant media barrage designed to distract America and the world from…

that $16 and a half trillion dollar debt that nobody’s doing anything about.

Do the math


It seems the ALP isn’t much chop at it.

Riddle me this. With any budget surplus and carbon tax compo set to be tied to a hopeful EU carbon (dioxide) price of around $29 a ton, how’s it all going to work when it’s less than $5 a ton?

Occupy Unmasked


It was Andrew Breitbart’s final project before his untimely death.

And the full movie is about to be released.

Meanwhile…

And currently…

What Romney said is actually spot on


How is this a bad thing?

REPUBLICAN Mitt Romney has a new headache after a video surfaced showing him telling wealthy donors that almost half of all Americans believe they are victims, entitled to government support.

He added that as Republican candidate for the White House, “my job is not to worry about those people”.

A new headache? Only insofar as a bunch of morons will attack him for statements that are absolutely on the money. That gives me a headache.

If you consider yourself a “victim” in this context, and that just simply for breathing, you deserve free money – which is actually money other people earned who are having it snatched from them – then get stuffed, no-one should worry about you.

Perhaps those people should worry, and do something, about themselves first.

Taxes are necessary, but they are not fine when wasted on tripe like this.

Carbon carking it


Just walk away already. How many more billions need to be wasted on useless gestures?

The world’s only global system of carbon trading, designed to give poor countries access to new green technologies, has “essentially collapsed”, jeopardising future flows of finance to the developing world.

Billions of dollars have been raised in the past seven years through the United Nations’ system to set up greenhouse gas-cutting projects, such as windfarms and solar panels, in poor nations. But the failure of governments to provide firm guarantees to continue with the system beyond this year has raised serious concerns over whether it can survive.

No worries. There’s another junket in Qatar this December.

Image H/T Craig Kelly MP, via reader Sean (on Facebook)

Kelly:

Australian taxpayers are funding a 21-strong delegation of bureaucrats from the Department of Climate Change to attend a UN “Climate Change Conference” in Bangkok, with all the departmental staff travelling bus
iness class.

This delegation follows a $360,000 trip for a 38-member delegation to last year’s UN “Climate Change Conference” in Mexico, where Climate Change Minister Mr. Combet, parliamentary secretary for Climate Change Mark Dreyfus, and their advisers all flew business class to exotic Cancun – which followed the then Rudd government spending nearly $1.5 million on travel and accommodation costs for his delegation of 68 to Copenhagen “Climate Change Conference”.

Killing the golden goose


Perfect timing for a carbon tax and mining super profits tax! /sarc

And after all that, boy oh boy will Queensland Premier, the LNP’s Campbell Newman be unpopular. TBH, I think he’s going to far with all his cuts and stuff.

His latest is raising state mining royalties by 50% to the tune of an extra $1.6 bil.

OK, so he has to raise revenue (and slash 14,000 public sector jobs) to deal with the disastrous $90 bil odd debt Labor left QLD in, and thus he really is in between a rock and a hard place, and sure, he has time before the next election, but one suspects a lot of people who voted for him will be quite grumpy indeed.

Swan will blame Newman. Newman will blame Swan :roll:

UPDATE

The editorial in the Australian:

THERE should be no surprise if the Newman government’s first state budget was tough. Treasurer Tim Nicholls must have known there could be no half-measures if he is to restore the once-prosperous state’s financial position. He told Queenslanders: “we trust and hope neither this government, nor any other government will need to undertake such a difficult task of such magnitude again.” After years of fiscal ill-discipline in other jurisdictions, we would not be too sure.

A word of warning? Tony Abbott winning the next federal election isn’t even going to be half the battle. Our gross national debt will have gone up more than $100 bil by then.

Thank goodness the mining boom might be over


Finally.

RESOURCES Minister Martin Ferguson has declared the end of the mining boom, following the shelving by BHP Billiton of its Olympic Dam mine expansion.

OK, so people will lose their jobs, families will be affected. But those families shouldn’t worry about what they’ll eat for dinner, or how the kids’ education will be paid for, or where they’ll sleep that night.

Rather, they should think of themselves as, now, part of the Solution whereas before, they were part of the Problem. As they withdraw that Centrelink welfare cash, a warm inner glow should be felt, bright with the knowledge that the planet is being saved.

When the planet will actually be saved, how we’ll ever know, and when we’ll be told by the authorities is an argument for another time, but to be clear, when your house is foreclosed and your belly rumbles, fret not, and feel the positive Gaia energy flowing into your hearts from literally millions of Australians who care for the earth.

Much praise, of course, goes to both the current and former Prime Ministers of Australia, Julia Gillard and Kevin Rudd, respectively. Without their foresight, their vision – and we are of course talking about the extra mining tax, the belated carbon tax, and not to mention the myriad of other reassuring regulations recently implemented – the earth’s salvation could have been delayed by years, or worse, never have manifested.

Footnote: And a little added bonus is that those affected families will no longer have to worry about the rightful condemnation extolled by Wayne Swan, our Treasurer of the Year.

So the carbon tax won’t hurt small business, eh?


Hmm.

SMALL business owners are are unable to pass on rising costs from the carbon tax because of unfair competition from landlords and big retailers, a lobby group says.

A national survey of 186 small firms has found 50 per cent are reporting carbon tax-related price hikes to power bills and other supplies. But only 33 per cent are making their clientele pay.

That’s OK. Everybody knows small businesses have huuuuuge profit margins.

Some businesses claimed the effect of the tax is so bad they may have to close some operations.

“We have to consider closing one business down to keep the other business open because of the carbon tax,” said Doug Cush, the owner of Bellata Gold Pasta, in the northern NSW electorate of New England.

A real vote winner.

Should be fun when those quarterly power bills start coming in.

North Korea’s new economic reforms


A sliver of light, glimpsed ever so briefly, at the conclusion of a most long and dark tunnel? Perhaps.

The beginning of the end of North Korea’s debilitating socialist economic system?

News reports suggested that [North Korea] has sought to expand its implementation of the so-called June 28 measures, which some observers said are tantamount to the renouncement of the socialist system.

The measures give greater autonomy to state corporations, allowing them to choose their production items, prices, amounts and marketing methods, according to reports.

They also allow farmers to take in 30 percent of their harvest.

Imagine that. North Korean farmers will now be able to keep and sell 30% of the fruits of their labour. Easily mocked in our rich Capitalist society, but it’s a step forward, progress, from the old socialist system whereby farmers could only keep what was left over from the quota the state made them harvest.

And imagine that: companies being allowed to produce what they want and set a price.

Funny old world isn’t it? As rich, free Capitalist countries toy more and more with socialist this and socialist that, a down-trodden, poor-as-fuck, relatively isolated, under-the-boot socialist country toys with the idea of Capitalism.

Ha! North Korea’s leader Kim Jong-un is essentially saying, “Over to you, people,” whilst Obama is saying to every hard worker, businessman and entrepreneur in America, “You didn’t build that!”

But with these latest North Korean economic reforms, I said it’s only a sliver of hope for a reason.

Yang Un-chul, of the Sejong Institute think tank:

“Even if they allow some autonomy to farmers and corporations, when they don’t have any personal property, such incentives would not work. Even though they take in some percentage of their harvest, this would, after all, be taken away by middle-level officers.”

We have oil, people


Lots of it.

A million people in North Dakota by 2030 and a million barrels of oil per day by 2015 are possible…

H/

Gillard’s first carbon tax carcass


And she’s going to sick the ACCC onto him, too, with their potential $1.1 million fines.

JULIA Gillard’s carbon tax has claimed its first job with the resignation of the Brumby’s bakery chain manager who advised franchisees to “let the carbon tax take the blame” for price rises.

Brumby’s managing director Deane Priest tendered his resignation yesterday after drawing the ire of the federal government and sparking an investigation by the consumer watchdog.

Hell hath no fury and all that.

Beware the wounded beast. Have uglier politics ever been witnessed in Australia?

The Snowy Mountain Scheme: what Labor giveth, Labor taketh away


Quite astonishing that Julia Gillard likened her carbon tax to the Snowy Mountain scheme insofar at how momentous it is.

It’s funny because the Snowy Mountain Hydro scheme is on her bucket list of the top 250 “big polluders”.

The Snowy Mountain scheme was started by Labor, and yet it is Labor driving the first nail into its coffin.

And wasn’t hydro electricity meant to be pretty clean and green, anyway?

What a farce. And it doesn’t end there.

Remember when it was 1000 companies that would have to pay? And then it was watered down to 500? And now it’s 250?

And mere days in, there’s talk of that $23 per tonne being watered down to $15.

It makes you wonder if this government has a clue about what it stands for, and what it’s doing.

Thus, business is left most uncertain, as if penalising the big polluders engines of Australia wasn’t enough (and no, they don’t trust Abbott, either).

Two weeks


I don’t know. Who will this be worse for? Folks trying to get their shopping done, or Julia’s poor lackeys?

JULIA Gillard will begin a fortnight-long national blitz next week to sell her carbon tax to a sceptical public, ordering ministers and backbenchers out into the electorate in a desperate bid to revive the government’s fortunes.

MEP Nigel Farage: break up the euro; let Greece go


So, bribes can work


Bit of a shame really, and with our deficit climbing at around $2 billion per week, how many times will the Gillard government be able to bribe itself into some (short term?) popularity?

Labor’s targeted cash handouts to lower-income earners in the budget saw the government’s popularity jump to 30 per cent of the primary vote, up from 27 per cent last fortnight.

A bit of a shame because as adults, we should be able to see past expensive gimmicks.

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