Tag Archives: Communism

News

Democrats planning government regulation of more large companies

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Story from Investor’s Business Daily.  (H/T ECM)

Excerpt:

Washington is quietly preparing a hostile takeover of Wall Street with a new bill that would put regulators in control of managing asset prices.

While all eyes are fixed on the cobra poised to strike the health care industry, a python is wending its way through Hill banking panels that would squeeze the life from the whole economy.

By Christmas, House Financial Services Committee Chairman Barney Frank hopes to pass legislation that would create an uber-regulatory body called the Financial Services Oversight Council.

It would give the Treasury secretary power to pick which large finance firms are “systemically critical,” or too big to fail. He’d have the final call when the government steps in to save or unwind a troubled firm.

The bill would “essentially turn over control of the financial system to the government and seriously impair competition in all areas of finance,” says former Treasury official Peter J. Wallison. It would put the government permanently in the business of picking winners and losers, he adds, creating a kind of permanent TARP.

[…]The new regulatory agency can regulate banks, bank holding companies, insurance companies, hedge funds, finance companies and any other kind of company that might be designated too big to fail.

“The existence of these designated companies will impair competition in every market they are allowed to enter,” says Wallison, “and will force the consolidation of competitors so that markets become dominated by government-backed giants like themselves.”

Under the new regime, designated companies will not be able to finance their affiliates’ sales, putting them at a severe disadvantage against foreign competitors. GE Capital, for example, would not be able to finance GE sales of aircraft engines.

In effect, designated companies will fall under the control of the feds, unable to start new activities or enter new markets or perhaps even open new offices without federal approval. “This is a degree of political control of business that has never been attempted before,” Wallison says.

When government gets involved in business, business must turn around and direct money toward influencing politicians through political contributions. And that causes them to spend less money hiring workers and producing goods, unless they avoid the regulations completely by shipping their operations, and jobs, overseas. Democrats cause firms to outsource by interfering in the free market.

My previous post explained how government regulation of business caused the recession that Obama is prolonging right now.

News

Climate-profiteer Al Gore could become the world’s first carbon billionaire

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Story from the UK Telegraph.

Excerpt:

Last year Mr Gore’s venture capital firm loaned a small California firm $75m to develop energy-saving technology.

The company, Silver Spring Networks, produces hardware and software to make the electricity grid more efficient.

The deal appeared to pay off in a big way last week, when the Energy Department announced $3.4 billion in smart grid grants, the New York Times reports. Of the total, more than $560 million went to utilities with which Silver Spring has contracts.

The move means that venture capital company Kleiner Perkins and its partners, including Mr Gore, could recoup their investment many times over in coming years.

Few people have been as vocal about the urgency of global warming and the need to reinvent the way the world produces and consumes energy as Mr Gore. And few have put as much money behind their advocacy and are as well positioned to profit from this green transformation, if and when it comes.

This is taxpayer money, folks. Your money and my money.

I note that Watts Up With That links to a UK Telegraph story up on how climate change beliefs are now given the same status and protections as religious beliefs. Well, that’s what global warming is, only it’s less supported by science than some religions I know.

Al Gore knows less about science than my keyboard

Here’s a Washington Times article about Al Gore’s academic performance.

Excerpt:

Despite Mr. Gore’s image as star pupil, the kid most likely to be the first to raise his hand in class, it seems that Mr. Gore barely applied himself during his years as an undergraduate and graduate student. Indeed, his sophomore year at Harvard, The Post notes, was “the year Gore’s classmates remember him spending a notable amount of time in the Dunster House basement lounge shooting pool, watching television, eating hamburgers and occasionally smoking marijuana.” Please, take a moment to appreciate the scene painted in that one sentence.

In introductory economics, the only economics course Mr. Gore ever took, he received a C-, which goes a long way toward explaining his December remark that he would consider raising taxes should the economy fall into recession.

If the rudiments of fiscal policy proved to be too taxing for young Al, it should hardly be surprising that the self-appointed protector of the world’s ecosystems had almost as much trouble understanding the basic concept of biology. After all, Mr. Gore’s high school performance on the college board achievement tests in physics (488 out of 800 “terrible,” St. Albans retired teacher and assistant headmaster John Davis told The Post) and chemistry (519 out of 800 “He didn’t do too well in chemistry,” Mr. Davis observed) suggests that Mr. Gore would have trouble with science for the rest of his life. At Harvard and Vanderbilt, Mr. Gore continued bumbling along.

As a Harvard sophomore, scholar Al “earned” a D in Natural Sciences 6 in a course presciently named “Man’s Place in Nature.” That was the year he evidently spent more time smoking cannabis than studying its place among other plants within the ecosystem. His senior year, Mr. Gore received a C+ in Natural Sciences 118.

At Vanderbilt divinity school, Mr. Gore took a course in theology and natural science. The assigned readings included the apocalyptic, and widely discredited “Limits to Growth,” which formed much of the foundation for “Earth in the Balance.” It is said that Mr. Gore failed to hand in his book report on time. Thus, his incomplete grade turned into an F, one of five Fs Mr. Gore received at divinity school, which may well be a worldwide record.

He also dropped out of law school at Vanderbilt, not just divinity school. But his father was a liberal U.S. Senator, so things worked out OK for the pot-smoking silver-spoon leftist. As long as he avoids debates on global warming with actual scientists, he can keep laughing all the way to the bank. Recall the recent post about the Finnish car company backed by Al Gore getting a 529M US government loan. He needs your money to pay for the massive electricity bills he runs up while living in his huge mansion.

Global warming alarmism has nothing to do with science

Global warming is a myth sold to us by greedy, power-hungry socialists like Al Gore.

Global warming is about enriching leftist elites while controlling the lives of productive private citizens.

Commentary

How socialism undermines the traditional family in Sweden

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Take a look at this guest post by LN at Gates of Vienna. He describes how socialism in Sweden has undermined traditional marriage and traditional parenting and caused health problems for children. For example, he discusses the effects of day care and schooling of children from the ages of 1-12 years.

Excerpt:

In large parts of the world it is natural — or at least it was — that young mothers work less than men or not at all. Career women and mothers with small children gave notice and abandoned their top skilled jobs to become “stay at home” mothers. In countries where motherliness and motherhood is a large and accepted part of life, women could leave work to become full-time mothers without losing prestige or merit.

But not in Sweden. Taxes are now so high that today it is generally required that both parents work and pay taxes to the yawning chasm that the state has become.

And this has profound effects on the children.

Excerpt:

Professor Jay Belsky is an internationally recognized expert in the field of child development and family studies. His areas of special expertise include the effects of day care, parent-child relations during the infancy and early childhood years, the transition to parenthood, the etiology of child maltreatment, and the evolutionary basis of parent and child functioning.

[…]Many hours in pre-school, regardless of quality, results in increased behavioral problems. Nor can pre-school compensate for the weak mothering of young children. A one-or two-year-old child with a less responsive mother develops better in the mother’s care than in many hours (10 hours/week) at pre-school. Children with a less responsive parent (mother) seem to need more time with the mother, said Belsky. Nor is there any evidence that preschool would improve the child’s social development.

And here’s another excerpt:

Dr. Gordon Neufeld is a clinical psychologist from Canada with a reputation for penetrating to the heart of complex parenting issues, and the author of the internationally recognized book Hold On to Your Kids — why parents need to matter more than peers. Dr. Neufeld’s message was that the younger generation’s lack of adult contacts in the Western world is one of the most disturbing and misunderstood trends of our time — peers replacing parents in the lives of our children. Dr. Neufeld has dubbed this phenomenon peer orientation [jämnårigorientering], which refers to the tendency of children and youth to look to their peers for direction: for a sense of right and wrong, for values, identity and codes of behaviour.

But peer orientation undermines family cohesion, poisons the school atmosphere, and fosters an aggressively hostile and sexualized youth culture. It provides a powerful explanation for conformism, aggression, schoolyard bullying, and youth violence; its effects are painfully evident in the context of teenage gangs and criminal activity.

Gates of Vienna also had a recent post about the epidemic of gang rape that is currently going on in Britain. (Click here to watch a British documentary which features interviews of women and men talking about this gang rape problem). This is especially sad because young unmarried women who are the victims of the breakdown of the family actually voted 77 percent for Obama, who favors the same socialist policies that cause mothers to leave the home and put the children into the hands of strangers.