Sunday, July 24, 2011

GOP Should Call Obama's Bluff on Debt Deal

Friday, 15 Jul 2011 09:32 AM By David Limbaugh


Ordinarily, I'd have difficulty grasping the magnitude of arrogance driving President Barack Obama in budget negotiations that could determine the survival of our nation, but after several painful years of observation, I've come to expect it from him.

Obama's personality type does not well handle opposition, so when House Majority Leader Eric Cantor refused to budge on Obama's unreasonable demand that the GOP agree to raise taxes during these economic hard times, which would not raise revenues, Obama blew up and "stormed out of the room."

Cantor suggested that the parties opt for a short-term deal to avert the debt ceiling deadline, but Obama adamantly refused. "Enough is enough," said Obama. "I've reached my limit. This may bring my presidency down, but I will not yield on this."

Why is it acceptable for Obama to be overtly uncompromising but express outrage that his GOP opposition is unyielding? It's as if he's saying, "How dare you be as intransigent as I'm being."

Obama also warned Cantor, "Don't call my bluff." Notice all the I's and my's in Obama's threatening language. Did anyone ever tell this narcissistic man "no" before he became president?

He acts as though the United States is his personal chattel to do with as he pleases, and no one (including members of the co-equal legislative branch) and nothing (including the Constitution) dare get in his way. He masquerades as a mere bystander in all this instead of the primary mover in accelerating this financial catastrophe and the primary obstructer of the reforms necessary to avert it.

Such petulance isn't Obama's only unbecoming conduct concerning these negotiations. He recently attempted to horrify seniors that their Social Security payments would be withheld if Republicans didn't compromise.

Obama knows better than that. Reaching the debt ceiling wouldn't prevent the government from spending money, only from spending more than it takes in, which means it could decide which payments to honor and which to forgo. There are plenty of expenditures less urgent than benefits to seniors. But Obama chooses to scare seniors anyway.

This same principle applies to Obama's refusal to exercise calming presidential leadership at Wednesday's announcement by Moody's that the government's credit rating is under review for a potential downgrade. Moody's said the ongoing debt limit stalemate increases the risk of the government's default on its debt.

But that is clearly untrue, and a president fulfilling his fiduciary duty to the nation would say so in unambiguous terms. What is true is that if we don't radically reduce our overall spending and structurally reform our entitlement programs at some point in the near future, we will be unable to honor our obligations.

But it is the exploding national debt that is the enemy, not the debt ceiling, without which there's no telling how much worse off we'd already be.

Obama should have immediately assured Moody's and the rest of the world that no matter what happens in these negotiations, the United States will honor its debts. But just as he does with seniors, he prefers to ruthlessly leverage international fear as a negotiating weapon in his mission to remake America.

I repeat: It is past time that Republicans take the gloves off and man their offensive battle stations. Obama's constant assumption of the offense and the Republicans' deferential defensive positioning create the illusion that Obama has more power than Congress and that he is not mainly culpable in the events giving rise to this impasse.

Whether or not he accepts this reality, Obama owns this economy and the alarming explosion of the debt in recent years. He is the one whose reckless policies have greatly exacerbated our dire financial condition. He is the one whose unconscionably wasteful and irresponsible economic policies have tanked the economy and suppressed employment.

He is the one who, along with his party, has not presented a budget in 800 days. He is the one who formed a bipartisan deficit commission and then ignored its findings. He is the one who hasn't presented a concrete budgetary plan. He is the one who refuses to reform entitlements despite objective evidence that if we don't, the nation will go belly up. Yet he is the one who is pointing all the fingers of blame against the Republicans as if they were the culprits.

Republicans, choose your spokesman (Rep. Paul Ryan would be a good choice), and call daily pressers to make your case instead of always ceding that turf to Obama. In charge of the purse, you have every bit as much right to speak out on fiscal matters as does Obama. Then begin passing your reform bills over and over again, forcing the Democratic Senate and Obama to reject them.

It's time that the president and party who are creating the mess were put back on their heels and exposed for their wanton fiscal destruction.

David Limbaugh is a writer, author and attorney. His latest book, "Crimes Against Liberty," was No. 1 on the New York Times best-seller list for nonfiction for its first two weeks. Follow him on Twitter @davidlimbaugh and his website at www.DavidLimbaugh.com.

Sunday, July 3, 2011

What Do You Know About Israel?

The Middle East has been growing date palms for centuries. The average tree is about 18-20 feet tall and yields about 38 pounds of dates a year. Israeli date trees are now yielding 400 pounds/year and are short enough to be harvested from the ground or a short ladder.
 
Israel the 100th smallest country, with less than 1/1000th of the world's population, can lay claim to the following: The cell phone was developed in Israel by Israelis working in the Israeli branch of Motorola, which has its largest development center in Israel.
 
Most of the Windows NT and XP operating systems were developed by Microsoft-Israel.
 
The Pentium MMX Chip technology was designed in Israel at Intel.
 
Both the Pentium-4 microprocessor and the Centrino processor were entirely designed, developed and produced in Israel.
 
The Pentium microprocessor in your computer was most likely made in Israel. Voice mail technology was developed in Israel.
 
Both Microsoft and Cisco built their only R&D facilities outside the US in Israel.
 
The technology for the AOL Instant Messenger ICQ was developed in 1996 by four young Israelis.
 
Israel has the fourth largest air force in the world (after the U.S, Russia and China). In addition to a large variety of other aircraft, Israel's air force has an aerial arsenal of over 250 F-16's. This is the largest fleet of F-16 aircraft outside of the U. S.
 
Israel's $100 billion economy is larger than all of its immediate neighbors combined.
 
Israel has the highest percentage in the world of home computers per capita.
 
According to industry officials, Israel designed the airline industry's most impenetrable flight security. US officials now look (finally) to Israel for advice on how to handle airborne security threats.
 
Israel has the highest ratio of university degrees to the population in the world.
 
Israel produces more scientific papers per capita than any other nation by a large margin - 109 per 10,000 people -- as well as one of the highest per capita rates of patents filed.
 
In proportion to its population, Israel has the largest number of startup companies in the world. In absolute Israel has the largest number of startup companies than any other country in the world, except the U.S. ! (3,500 companies mostly in hi-tech).
 
With more than 3,000 high-tech companies and startups, Israel has the highest concentration of hi-tech companies in the world -- apart from the Silicon Valley, U.S.
 
Israel is ranked #2 in the world for venture capital funds right behind the U.S.
 
Outside the United States and Canada, Israel has the largest number of NASDAQ listed companies.
 
Israel has the highest average living standards in the Middle East.
 
The per capita income in Israel in 2000 was over $17,500, exceeding that of the UK.
On a per capita basis, Israel has the largest number of biotech startups.
 
Twenty-four per cent of Israel's workforce holds university degrees, ranking third in the industrialized world, after the United States and Holland and 12 per cent hold advanced degrees.
 
Israel is the only liberal democracy in the Middle East. In 1984 and 1991, Israel airlifted a total of 22,000 Ethiopian Jews (Operation Solomon and Moses) at Risk in Ethiopia, to safety in Israel.
 
When Golda Meir was elected Prime Minister of Israel in 1969, she became the world's second elected female leader in modern times.
 
When the U. S. Embassy in Nairobi, Kenya was bombed in 1998, Israeli rescue teams were on the scene within a day -- and saved three victims from the rubble.
 
Israel has the third highest rate of entrepreneurship -- and the highest rate among women and among people over 55 - in the world.
 
Relative to its population, Israel is the largest immigrant-absorbing nation on earth. Immigrants come in search of democracy, religious freedom, and economic opportunity. (Hundreds of thousands from the former Soviet Union)
 
Israel was the first nation in the world to adopt the Kimberly process, an international standard that certifies diamonds as "conflict free."
 
Israel has the world's second highest per capita of new books.
 
Israel is the only country in the world that entered the 21st century with a net gain in its number of trees, made more remarkable because this was achieved in an area considered mainly desert.
 
Israel has more museums per capita than any other.
 
Medicine... Israeli scientists developed the first fully computerized, no-radiation, diagnostic instrumentati! on for breast cancer.
 
An Israeli company developed a computerized system for ensuring proper administration of medications, thus removing human error from medical treatment. Every year in U. S. hospitals 7,000 patients die from treatment mistakes.
 
Israel's Given Imaging developed the first ingestible video camera, so small it fits inside a pill. Used to view the small intestine from the inside, cancer and digestive disorders .
 
Researchers in Israel developed a new device that directly helps the heart pump blood, an innovation with the potential to save lives among those with heart failure. The new device is synchronized with the camera helps doctors diagnose heart's mechanical operations through a sophisticated system of sensors.
 
Israel leads the world in the number of scientists and technicians in the workforce, with 145 per 10,000, as opposed to 85 in the U. S., over 70 in Japan, and less than 60 in Germany. With over 25% of its work force employed in technical professions. Israel places first in this category as well.
 
A new acne treatment developed in Israel, the Clear Light device, produces a high-intensity, ultraviolet-light-free, narrow-band blue light that causes acne bacteria to self-destruct -- all without damaging surrounding skin or tissue.
 
An Israeli company was the first to develop and install a large-scale solar-powered and fully functional electricity generating plant, in southern California's Mojave desert.
 
All the above while engaged in regular wars with an implacable enemy that seeks its destruction, and an economy continuously under strain by having to spend more per capita on its own protection than any other county on earth.
 
. . . . AND THE FRENCH AMBASSADOR IN ENGLAND SAYS: "ISRAEL IS NOTHING BUT A SHITTY LITTLE COUNTRY"

Friday, June 17, 2011

The Dirty Little Secret Behind the Chevy Volt

The "Dirty Little Secret Behind the Chevy Volt"....

Patrick Michaels is a senior fellow in Environmental Studies at the Cato Institute and the editor of the forthcoming Climate Coup: Global Warming's Invasion of our Government and our Lives, as well as the author of several other books on global warming.

His Forbes column on the Chevy Volt is a case study in the nexus between big government corruption and big business rent-seeking.

Michaels briefly recaps the well-known consumer fraud in which GM has touted the Volt as an all-electric mass production vehicle on the supposed basis of which its sales receive a $7, 500 taxpayer subsidy, which still renders it overpriced and unmarketable.

Michaels notes that "sales are anemic: 326 in December, 321 in January, and 281 in February." There seems to be a trend here.

Michaels adds that GM has announced a production run of 100, 000 in the first two years and asks what appears to be a rhetorical question: "Who is going to buy all these cars?"

But wait! Keep hope alive! There is a positive answer to the question.

Jeffrey Immelt's GE will buy a boatload of those uneconomic GM cars. Here the case study opens onto the inevitable political angle: Recently, President Obama selected General Electric CEO Jeffrey Immelt to chair his Economic Advisory Board.

GE is also awash in windmills waiting to be subsidized so they can provide unreliable, expensive power.

Consequently, and soon after his appointment, Immelt announced that GE will buy 50, 000 Volts in the next two years, or half the total produced.

Assuming the corporation qualifies for the same tax credit, we (you and me) just shelled out $375, 000, 000 to a company to buy cars that no one else wants, so that GM will not tank and produce even more cars that no one wants. And this guy is the chair of Obama's Economic Advisory Board?

But of course. Michaels includes this hilarious detail in his case study:

In a telling attempt to preserve battery power, the heater is exceedingly weak. Consumer Reports their tests averaged a paltry 25 miles of electric-only running, in part because it was testing in cold Connecticut. (The [GM] engineer at the Auto Show said cold weather would have little effect.) It will be interesting to see what the range is on a hot, traffic-jammed summer day, when the air conditioner will really tax the batteries. When the gas engine came on, Consumer Reports got about 30 miles to the gallon of premium fuel; which, in terms of additional cost of high-test gas, drives the effective mileage closer to 27 mpg.

A conventional Honda Accord, which seats 5 (instead of the Volt's 4), gets 34 mpg on the highway, and costs less than half of what CR paid, even with the tax break.

The story of the GM Volt deserves a place in the Harvard Business School curriculum....but of course, it won't. It's a classic tale of the GOVERNMENT deciding what the public needs, not the marketplace.

PS.- Just in case you may have missed part of the point: What is one of the reasons for this? Why, to keep the UAW in business, because Obama owes them for his election. Starting to make sense yet?


Tuesday, February 8, 2011

Liberal v Conservative

Note: Rabbichutzpah neither endorses nor opposes the following anecdote.

A young woman was about to finish her first year of college. Like so many others her age, she considered herself to be very liberal, and among other liberal ideals, was very much in favor of higher taxes to support more government programs, in other words redistribution of wealth.

She was deeply ashamed that her father was a rather staunch conservative, a feeling she openly expressed. Based on the lectures that she had participated in, and the occasional chat with a professor, she felt that her father had for years harbored an evil, selfish desire to keep what he thought should be his.

One day she was challenging her father on his opposition to higher taxes on the rich and the need for more government programs.

The self-professed objectivity proclaimed by her professors had to be the truth and she indicated so to her father. He responded by asking how she was doing in school.

Taken aback, she answered rather haughtily that she had a 4.0 GPA, and let him know that it was tough to maintain, insisting that she was taking a very difficult course load and was constantly studying, which left her no time to go out and party like other people she knew. She didn't even have time for a boyfriend, and didn't really have many college friends because she spent all her time studying.

Her father listened and then asked, How is your friend Audrey doing?

She replied, Audrey is barely getting by. All she takes are easy classes, she never studies and she barely has a 2.0 GPA. She is so popular on campus; college for her is a blast. She's always invited to all the parties and lots of times she doesn't even show up for classes because she's too hung over.

Her wise father asked his daughter, Why don't you go to the Dean's office and ask him to deduct 1.0 off your GPA and give it to your friend who only has a 2.0. That way you will both have a 3.0 GPA and certainly that would be a fair and equal distribution of GPA.

The daughter, visibly shocked by her father's suggestion, angrily fired back, That's a crazy idea, how would that be fair! I've worked really hard for my grades! I've invested a lot of time, and a lot of hard work! Audrey has done next to nothing toward her degree. She played while I worked my tail off!

The father slowly smiled, winked and said gently, Welcome to the conservative side of the fence.

If anyone has a better explanation of the difference between conservative and liberal or progressive or neocon I'm all ears.

Tuesday, January 11, 2011

The 2011 Handbook

Health:

1.       Drink plenty of water.
2.       Eat breakfast like a king, lunch like a prince, and dinner like a beggar.
3.       Eat more foods that grow on trees and plants, and eat less food that is manufactured in plants.
4.       Live with the 3 E's -- Energy, Enthusiasm and Empathy
5.       Make time to pray.
6.       Play more games.
7.       Read more books than you did in 2010.
8.       Sit in silence for at least 10 minutes each day
9.       Sleep for 7 hours.
10.     Take a 30-minute walk daily. And while you walk, smile!

Personality:

11.    Don't compare your life to others. You have no idea what their journey is all about.
12.   Eliminate negative thoughts and things you cannot control. Instead, invest your energy in the positive and in the present moment.
13.    Don't overdo. Know your limits.
14.    Don't take yourself so seriously. No one else does.
15.    Don't waste your precious energy on gossip.
16.    Dream more while you are awake!
17.    Envy is a waste of time. You already have all you need.
18.    Forget issues of the past. Don't remind your partner of his/her mistakes of the past. That will ruin your present happiness.
19.    Life is too short to waste time hating anyone. Don't hate others.
20.    Make peace with your past so it won't spoil the present.
21.    No one is in charge of your happiness except you.
22.    Realize that life is a school, and you are here to learn. Problems are part of the curriculum; they appear and fade away but the lessons you learn last a lifetime.
23.    Smile and laugh more.
24.    You don't have to win every argument. Agree to disagree.

Society:

25.    Call your family often.
26.    Each day do something good for others.
27.    Forgive everyone for everything.
28.    For a learning experience, spend some time with people over the age of 70 & under the age of  8.
29.    Try to make at least three people smile each day.
30.    What other people think of you is none of your business.
31.    Your job won't take care of you when you are sick. Your friends will. Stay in touch.

Life:

32.    Do the right thing!
33.    Get rid of anything that isn't useful, beautiful, or joyful.
34.    GOD heals everything.
35.    However good or bad a situation is, it will change.
36.    No matter how you feel, get up, dress up, and show up.
37.    The best is yet to come.
38.    When you awake alive in the morning, thank GOD for it.
39.    BE HAPPY EACH DAY!

Last but not the least:

40.    Consider passing this on.