Friday, April 17, 2009
A few days ago I warned you not to mistake the current uptick in markets for the end of the bad times.
Patricia Chadwick warns that the financials are going to be hit hard by a rapid rise in credit card debt defaults. If you been reading Whiskey and Gunpowder or The Daily Reckoning, you already knew this, so take this as the "two minute warning".
The current rally is not occurring because investors are starting to buy again, but because of traders trading. This means that this market bounce can be canceled on a moment's notice--literally.
Folks, this isn't over--not by a long shot. There's no need to panic, but there's also no need to get sucked into a false recovery. Keep your wits about you and pay careful attention to the news.
And that's it for your Daily Dose of Doom.
Thursday, April 16, 2009
Of course,the nutjobs think that this is terrible, just terrible. Why, how dare Sen. Burr have anything less than blind faith in the government's ability to deal with the situation.
The only negative thing I can say is that the Senator was a bit late in preparing for disaster. Senator, if you need some tips on how to start really preparing, get in touch. I'll be happy to hook you up.
- In Charlotte, protesters waved flags and signs – one read “Reduce Spending, Elect Drunken Sailors.”
- Greensboro and Eden drew crowds.
- In Winston Salem, Joy Fain carried a sign that read, "I'm Not Your ATM."
- The Raleigh News and Observer buries their Tea Party story off the front page of their web site. Well, color me shocked.
- And our last report, from the Blue Ridge Blog on the Boone Tea Party--What I saw was everyday Wataugans pretty darn irritated with what they consider irresponsible government spending from not only the current administration and congress, but from those that preceded it...
Wednesday, April 15, 2009
Without Sen. Specter's seat in the Senate, which Mr. Toomey would certainly lose, there would no longer be 41 Republican senators to filibuster and stop the Democrats from passing card check, raising taxes, and implementing President Obama's massive spending plans.
Forgive me if I don't give a rat's posterior how many Republicrats or Democans are in the Senate. The only number I give a crap about any more is how many of them have conservative credentials. Toomey does, Specter doesn't.
If I were a Pennsylvania voter, that would tell me all I needed to know.
Don't I remember another idiot with a talk show who said some untoward things about females of another color? Oh yeah, it was Don Imus talking about the Rutgers womens basketball team. As I recall, he lost his job.
Care to bet whether or not Jamie loses his? I thought not.
The easy answer to that question of course is that liberals hate, that's what they do. They hate anyone who disagrees with them. They try to debate, but soon are sputtering, changing the subject, and always come down to calling their political opponents some form of stupid. To them, name calling equals logical debate. They hate when that doesn't turn out to be true, and they look like a cry-baby, calling someone a moron instead of refuting their point.
And it keeps on going in that vein. Worth a read.
... part of a series of diplomatic steps by the Obama administration to fight piracy off the coast of Somalia.
Aw, crap! I thought they were talking about taxes!
I've been watching the #teaparty tweets, and I'm amazed at the number of "Bush did this" and "Bush did that" tweets, trying to belittle the Tea Partiers.
Obviously, you are confusing "conservative" with "Republican". As recent history has shown, there is a difference.
Some of those "tolerant liberals" decided that Tom Tancredo should not be heard at a UNC-CH speech.
I'm beginning to think that "tolerant liberals" are as much a myth as the "gun show loophole".
Tuesday, April 14, 2009
Weaver was the originator of the "Weaver Stance", modifications of which are still in widespread use today. His contribution (using both hands to create an isometric tension that steadies the gun) lead to a quantum leap in pistol technique--so much so that Col. Jeff Cooper incorporated it into his Modern Technique of the Pistol.
We've lost another of our Elder Giants, folks.
Now it seems that the pirates are pissed and are snatching ships left and right. Do you suppose those SEALs need some more target practice, or should we just take the munchkin wrangler's position instead?
Curtis Lowe links us to Michelle Malkin on Homeland Security's hit piece on conservatives. I guess the specter of all those Tea Parties has Team O a trifle wiggly, don'tcha reckon?
The High Rock Lake Association Board of Directors unanimously approved a motion last week to take issue with North Carolina’s proposal to take over the Yadkin Project, Alcoa’s power generation facilities and reservoirs on the Yadkin River.
In a written review of the proposed Senate Bill 967, Larry Jones, president of HRLA, pointed out that there are several areas that demand explanations from legislators, including causing further delays in the license renewal process, lack of legal precedent, loss of county tax revenues, adding to North Carolina taxpayers’ burden, assuming responsibility for pollution abatement, destroying the “business friendly” reputation of the state and circumventing normal requirements of accountability and transparency in creating a new “authority.”
Cynic that I am, I have to suspect that this is happening simply because the monied owners of all those fancy water-front houses are worried about their property values and continued ability to use the lakes for boating. Then again, that's one of the big motivators in capitalism and free enterprise--enlightened self interest.
Thank you, HRLA, for joining the fight.
The center says that North Carolina had about 350,000 illegal residents in 2008, compared with 375,000 in 2005. The study, which used U.S. Census data to estimate the number of illegal immigrants in each state, provides the first state-by-state snapshot since 2005.While one can argue with the numbers (I would say that the number of illegal aliens ("residents" my butt) and the number who have self-deported are both far higher than the Pew numbers), it's a promising beginning.
Monday, April 13, 2009
A proposed state Senate bill would transfer secondary roads from the state's responsibility to local counties. Under Senate Bill 758, local counties would be responsible for the construction and maintenance of secondary roads.
Oh, but wait, I'm wrong!
Sen. Bob Rucho, the primary sponsor of the bill, said the purpose of the bill is to make the N.C. Department of Transportation more efficient.
"The system we have is not functioning. It is in disrepair," he said.
I'm sure that couldn't have anything to do with the Legislature raiding the Highway Trust Fund.
Claire, is it time yet?
Alcoa, which owns the project, has held a Federal Energy Regulatory Commission (FERC) license since 1958.
It's no wonder that North Carolina is getting the nickname of "California East". Here's a note for all you legislative sponsors and cosponsors of this insult to free enterprise: Not only will I never, ever, vote for your sorry ass again, but I will actively work against you in every campaign from here on out.
Yeah, I'm one of those evil one-issue voters--FREEDOM is my issue. You're stealing it, and that makes you my enemy.