Saturday, March 07, 2009

FS: High-Rise Office Building, Close to Recreation

Former New York governor Eliot Spitzer has purchased a 13-story office complex in D.C., just one block from the Mayflower Hotel where he cavorted with a high-priced call girl.

Speaking of his time in public office, as New York's attorney general (where he made his name shutting down prostitution operations -- eliminating competition for the ones he patronized -- and blackmailing innocent businessmen into doing the "right" thing by threatening them with frivolous prosecutions) and governor, Spitzer said, "Obviously it brought great joy for a great period of time." Obviously.

Since Spitzer was a tax-funded parasite and a Democrat, there were no Congressional inquisitions into his executive salary and perks. Contrast the treatment given him by the ruling elite with their spleen vented on private sector CEOs.

Friday, March 06, 2009

Maybe Obama Can Find a Cabinet Post for Bernie Madoff

The reliably evil Senator Christopher Dodd (D - Hell) is pushing a bill to let the FDIC borrow up to $500 Billion from the US Treasury. Round up the usual suspects: Treasury Secretary Tim Geithner, Federal Reserve Chairman Ben Bernanke, and FDIC Chairman Sheila Bair are Dodd's co-conspirators.

Let's see if I have this straight:
  • In the middle of a banking collapse, in order to encourage depositors to leave their money in insolvent institutions, the Congress votes to raise the FDIC deposit insurance limit from $100,000 to $250,000;
  • The FDIC says it needs to borrow money from the Treasury because more banks are failing than FDIC's present assets can cover;
  • The US Treasury, itself bankrupt (approx. $14 - $20 trillion in debt), loans one-half trillion dollars it doesn't have to FDIC;
  • Everyone lives happily ever after.
Excuse me, but isn't this the sort of financial trickery we're sending Bernie Madoff to jail for?

Thursday, March 05, 2009

Harvey Milk Day

So Sean Penn and Mark Leno think San Francisco should have a Harvey Milk Day. I think this is an excellent idea, but I would like to take it one step further.

San Francisco already has the Moscone Convention Center, named after the martyred mayor. Yet no one, to my knowledge, has proposed any official remembrance for the man who helped both men to power and whom they, in turn, rewarded with the money, prestige, and patronage that made his own grand project possible: the Reverend Jim Jones. I believe he merits, at the very least, a statue in front of City Hall. Justice demands it.

Daniel Flynn has concisely and elegantly recapped the S.F. Left's love affair with the evangelical Communist Jones. It's well worth a read. Don't miss the link to Harvey Milk's letter to then-President Carter, a mere nine months before the Jonestown Massacre, demanding that Jones's critics be silenced.

Wednesday, March 04, 2009

Heir or Parent?

President Barack Obama's Treasury secretary says the administration has inherited "the worst fiscal situation in American history."

Inherited? I'd say Obama & Co. were instrumental in bringing about the current mess.

The root of the economic disaster is the inflationary regime of fiat money brought about by the creation of the Federal Reserve and FDR's creation (by confiscating all of the monetary gold in private hands and nullifying all contracts, public and private, for payment in gold) of a federal monopoly over money. Geithner was head of the New York Federal Reserve for fifteen years, which means he has been wrong about everything for at least that long.

The Democrats, Obama included, did nothing to reign in Bush's mad imperial ambitions. Sure, they made the obligatory opposition noises but, in action, they gave Bush everything he wanted. Now, in the aftermath of this crime against humanity, the Democrats, including Obama and his oh-so-ethical Attorney General, say that no one will be brought to justice.

Ah, but what about the greedy banks that knowingly made loans to uncreditworthy people? Excuse me, but didn't Obama and ACORN, among others, use the Community Reinvestment Act to browbeat "racist" banks into making the very loans the "community organizers" are now denouncing the "greedy" banks for having made?

Obama didn't inherit this mess; it's his bastard child.