I just was looking at u tube. I saw this video from Fox ( I can't believe they call this) News. On it was this ex-judge Napolitano claiming that the 17Th amendment was unconstitutional. (I wish I knew how to upload from another source, this you got to hear).
The reason the honorable Napolitano said it was unconstitutional because it stepped on states rights and our founding fathers wanted the states to have the last word. What? I must misunderstood what I heard.
States right was what the civil war was fought for, wasn't it?
The history books in NYC when I as a mere lad stated the article of confederation wasn't workable, so our forefathers decided to have a stronger central government, and they brought forth the Constitution. They had to have a consensus, the mostly manufacturing north against the large landholders from the south.
Now this is from the history books that I read in NYC, it seems that our forefathers like the idea of the English system with a house of Lords (the senate) and the house of commons ( congress). They didn't trust all the people all the time so they had the states appoint their senators. Our founding fathers did have the wisdom to put into our Constitution an ability to amend it. Well those damn progressives decided that they were going to trust the people and have them elect directly the senators. Of cause the states agreed with those damn progressives, because if they didn't, the amendment wouldn't become part of the Constitution.
Now lets get back to this word progressive that I keep hearing on the sly old fox news network.
I looked up the word Progressive in my Marion Webster dictionary.
One believing in moderate political change.
Social improvement by government action.
Now call me slow, but I just don't understand how the Honorable Judge Napolitano can call the height of progressive movement just prior to the roaring 20s.
Giving the women the right to vote, He's right that was progressive.
Making alcohol illegal in the Constitution, that was draconian.
Now I wouldn't call a President that called "The Birth of A Nation" an accurate depiction of history progressive. Nor the same president who payed 3/4 the pay for African American soldiers because he believed that the were 3/4 of a man. (Not exactly social improvement by government).
Are progressives evil setting up sewer systems. Having National Parks system. Trying to make sure that the food we eat is safe. These are some of the progressive things that happened between Roosevelt and Wilson.
I guess it was a terrible progressive era.
Saturday, November 20, 2010
Saturday, November 13, 2010
Steves barking at the China US trade war?
Oh no mister Bill China is complaining that the US fed is cheapening the dollar leading to a trade war.
No the fed is not cheapening the dollar its actually doing just the opposite?
What the f***?
The fed is buying bonds, putting more money in circulation there by enabling the people of the United States to by the products produced in China.
Now possible this is just a ruse to on the Chinese part as payback for the United States pushing to have the Yuan higher.
Of cause I'm still trying to think of 20 US Businesses that would hyper US workers to sell their wares to the Chinese if the yuan was revalued. I can't think of 15 or even 10.
Now the cost of goods that are sold in the US that are made in China will go up and or profits of certain will go down. There's even a good chance US unemployment will rise.
Nothing like having 19Th century economics to the 21st century.
No the fed is not cheapening the dollar its actually doing just the opposite?
What the f***?
The fed is buying bonds, putting more money in circulation there by enabling the people of the United States to by the products produced in China.
Now possible this is just a ruse to on the Chinese part as payback for the United States pushing to have the Yuan higher.
Of cause I'm still trying to think of 20 US Businesses that would hyper US workers to sell their wares to the Chinese if the yuan was revalued. I can't think of 15 or even 10.
Now the cost of goods that are sold in the US that are made in China will go up and or profits of certain will go down. There's even a good chance US unemployment will rise.
Nothing like having 19Th century economics to the 21st century.
Monday, November 8, 2010
Steve's barking at the bankruptcy of America
America's not going bankrupt or is it?
I'm writing about fiscal bankruptcy, not moral bankruptcy which I'm sure some one else can blog about.
So, how can that be, after all the United States is the richest country in the world?
I'm going to be very brief, if you borrow money and don't pay it back under the the terms that it was borrow, you are in default of that loan.
The way I see the U.S. government borrowed money from the social security trust fund. Now there is talk by politicians of not paying the whole amount as promised. If this were to happen that means that the government reneged on it's deal when borrowing the money.
Now because I'm a plain simple guy (some might even say I'm a simpleton)the only way not to pay what is promised is to declare bankruptcy. This being the case America could very well be declaring it's self bankrupt.
I'm writing about fiscal bankruptcy, not moral bankruptcy which I'm sure some one else can blog about.
So, how can that be, after all the United States is the richest country in the world?
I'm going to be very brief, if you borrow money and don't pay it back under the the terms that it was borrow, you are in default of that loan.
The way I see the U.S. government borrowed money from the social security trust fund. Now there is talk by politicians of not paying the whole amount as promised. If this were to happen that means that the government reneged on it's deal when borrowing the money.
Now because I'm a plain simple guy (some might even say I'm a simpleton)the only way not to pay what is promised is to declare bankruptcy. This being the case America could very well be declaring it's self bankrupt.
Wednesday, November 3, 2010
Steve's barking at short selling America
On November 2 the United States voted for the social experiment of the government that governs less governs best.
For this reason I'm short selling the United States. Is the United States economy going to go down the tubes? You betcha !
Can the federal reserve save the economy? Not on its best day.
Unemployment insurance extensions going, going, gone. Are these unemployed going to find jobs? I think not. Are they going to buy new clothes or a new car? Are you kidding?
Is the budget going to be past on time? We'll be lucky to have a budget at all. How do I know this? I'm positive that the new representatives are people of their word and they want to reduce spending, the professional politicians will fight them tooth and nail.
We'll no longer have subsidy's for farmers, making many of our farms unprofitable. Less farms, higher prices, higher prices for food, less discretionary income.
The big question is will the US become the new Italy were government was disfuncional? Yes but unlike parliament governments we can't get rid of the bums until two years.
Will the deficit go down? Are you kidding, it's going to get worse even though we be borrowing less.
Why do I think this foolishness. I can't see why China and or any other countries would want to have our bonds when we can't buy their goods and services.
What about our stock market? Surly the stock market will go up. No way! The big buyers of stocks are pensions and 401ks. Guess what they will have less money to buy stock, and because less people will be working they will have to pull money out of the market. Dow Jones less then 8000 in two years anybody.
Unemployment over 20% anybody?
New hiring for the private sector, there's no reason to hire. More business going out of business? Yes because they are trying to get blood out of a stone.
Pray that inflation isn't double digit in two years. Better yet pray that I don't know Jack what I'm writing about. I am.
For this reason I'm short selling the United States. Is the United States economy going to go down the tubes? You betcha !
Can the federal reserve save the economy? Not on its best day.
Unemployment insurance extensions going, going, gone. Are these unemployed going to find jobs? I think not. Are they going to buy new clothes or a new car? Are you kidding?
Is the budget going to be past on time? We'll be lucky to have a budget at all. How do I know this? I'm positive that the new representatives are people of their word and they want to reduce spending, the professional politicians will fight them tooth and nail.
We'll no longer have subsidy's for farmers, making many of our farms unprofitable. Less farms, higher prices, higher prices for food, less discretionary income.
The big question is will the US become the new Italy were government was disfuncional? Yes but unlike parliament governments we can't get rid of the bums until two years.
Will the deficit go down? Are you kidding, it's going to get worse even though we be borrowing less.
Why do I think this foolishness. I can't see why China and or any other countries would want to have our bonds when we can't buy their goods and services.
What about our stock market? Surly the stock market will go up. No way! The big buyers of stocks are pensions and 401ks. Guess what they will have less money to buy stock, and because less people will be working they will have to pull money out of the market. Dow Jones less then 8000 in two years anybody.
Unemployment over 20% anybody?
New hiring for the private sector, there's no reason to hire. More business going out of business? Yes because they are trying to get blood out of a stone.
Pray that inflation isn't double digit in two years. Better yet pray that I don't know Jack what I'm writing about. I am.
Tuesday, November 2, 2010
Steve's barking don't blame Me
Don't blame me, I voted for the madam (Kristien Davis) for governor. She's better suited to be governor of New York then any other candidate. Just think about it.
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