Do You Take Your Financial Advice From The Same Morons Who Thought China Had A Solid Economy?

So here’s a question for the Masters of the Universe who think they run our economy.

Which of you morons pinned our so-called economy to China’s growth prospects?

Was it the same clown who told hedge funds in 2004 that they should invest in companies which loaned people making $50,000 a year in Las Vegas $400,000 to buy a $100,000 house for $380,000?

Or, perhaps it was the same genius who said that after we sell these putrid mortgages to stupid rich people, we’ll sell other, slightly smarter, rich people a new security based on a bet that those putrid mortgages will not be paid?

Or maybe the same thief who told President George W. Bush—who should have known better—that the whole economy would collapse unless the Federal Government took over AIG insurance and paid off the fake insurance policies on those putrid mortgages, much of which went—oddly enough—to that thief’s company.

I couldn’t wait to wake up last Monday morning and tune in the talking media heads because watching a train wreck on Wall Street is almost as much fun as watching the night race at Talladega.

The talking heads wail, the middle class gets screwed, and the brokers leave just enough on the table to buy food with tomorrow. It’s a hell of a show. (You don’t have to worry too much. It’ll be better by the end of the week; they rarely close the casino for long.)

You’d think that the buying and selling of stock on Wall Street is the business of America.

It’s not.

If you ask most people, they’ll tell you that when they buy stock on the New York Stock Exchange or the NASDAQ, they’re “investing” in a company.

That’s just not true. Investing in a company is when you borrow on your credit cards to start your own company.

Very rarely does money you hand a stockbroker actually go to the company which the stock represents ownership in. (Usually only during an initial public offering.)

What you are usually doing is buying that stock from somebody else who bought it from somebody else going all the way back to when the stock was issued by the company. In short, you’re not funding American business; you’re either allowing the previous owner to take a loss or a profit. That’s what they call “liquidity.”

It’s not much different from playing blackjack at the MGM Grand in Las Vegas–except the odds are a little better at the corner of Tropicana and the Strip.

So, when you hear that the “market” is “down,” what that really means is that the stock which somebody may have purchased from the original company—maybe years ago—is being sold at a lower price than it was earlier.

It doesn’t mean that the company itself is losing money.

And, interestingly enough, when there is a huge sell-off in the market, do you know who makes money?

The same clowns who made money selling bad mortgages and bets against those mortgages to investors.

Seventy-five years ago, a guy named Fred Schwed wrote a book called Where Are the Customers’ Yachts? The title came from a classic Wall Street story about a visitor in New York more than a century ago. After admiring yachts Wall Street bought with money earned giving financial advice to customers, he wondered where the customers’ yachts were. Do I need to tell you how many yachts belonged to the customers (then and now)?  Here’s a hint: None.

The same clowns who tell you to buy or sell make money every time you do. You may or may not make any money, but they always do.

So, if you got a call from one of those clowns last week telling you it was time to sell–or later, after the carnage, that it was time to buy–you might have been better off putting the money in a savings account so you could, someday, buy a yacht.

By the way, the answer to the China question should be obvious since CBS News’ Lesley Stahl reported on 60 Minutes over a year ago that the Chinese were building empty cities with all the iPhone money they tricked us out of (I’m paraphrasing).

Apparently, Masters of the Universe are too busy out in Connecticut on Sunday night to watch 60 Minutes.  Or they made so much money on our housing bubble that a bigger one in China meant nothing to them. Remember that the economy of China is controlled by their Army.

Either way, the only thing the Wall Street Masters lost last week was a little sleep as they got to the office so they could make some more money to pay for their yachts.

The views expressed in this opinion article are solely those of their author and are not necessarily either shared or endorsed by WesternJournalism.com.

This post originally appeared on Western Journalism – Equipping You With The Truth

Sesame Street Is Brought To You By A Grant From HBO And The Letters F And U (And Taxpayers Like You)

(That sound you hear is my late father, Philip Weinberg, turning over in his grave.)

My father, among other things, founded the public television station in Peoria, Illinois, with very little public money because he believed in 1971 that programs like Sesame Street and the Electric Company from the Children’s Television Workshop were important–and they should be freely available for free on free over the air television. Largely because things funded by the government should be free to its owners.

Granted, that was before the birth of HBO, ESPN or even CNN.

Back in those days, cable TV companies had vice presidents in charge of telling lies to city councils and other vice presidents in charge of telling the same city councils that the first guy lied.

And, over the years, one of the few bright spots in educational and children’s television were those aforementioned programs. They probably did more to prepare kids to learn than any combination of all day kindergarten and operation Head Start for a lot less money. And, ironically, they still do.

Now, I’m not Bernie Sanders. And, neither was my father.

And you can legitimately question whether or not we need public television in our brave new 500 channel world. I give my father’s former associates heartburn every time I write a column like this.

But, our problem here is that Sesame Street was designed to reach kids who might otherwise not be ready for school on the same schedule as their more affluent friends. In short, we’re talking about poor kids. And, in this economy, that is a lot of kids. You can sugarcoat it all you want, but we didn’t pay good public dollars to develop a new and innovative way to get kids ready for the classroom that actually worked so that only those kids whose parents could afford it would get first shot at it.

It was not HBO; it was Television.

You can get your television on a TV or on a smartphone or on a tablet or on a computer; but however you get it, it is still television.

We, the taxpayers, paid millions of dollars to help what used to be called the Children’s Television Workshop develop Sesame Street both directly and indirectly. Against the better judgment of many taxpayers, the Corporation for Public Broadcasting subsidized much of the infrastructure which put Sesame Street on the air and made it popular. And, finally, the people behind the Children’s Television Workshop played the tax exempt organization provisions of our tax code like a Stradivarius. Much better than the Tea Party.

As the Cookie Monster might have said, “me don’t want to pay no taxes when I’m working on Sesame Street.”

The fact is that Sesame Workshop, as it is now called, has executives making nearly seven figure salaries; and its cushy deal with HBO is built on the backs of the taxpayers who funded the original development of the program.

A much fairer version of this deal would be for HBO to donate the money to the Sesame Workshop, allow those shows to air for free on PBS stations and THEN put them on the network which advertises that it’s not television. (This program is brought to you by a grant from the letters H, B and O)

This deal is crony capitalism at its absolute worst, and for a conservative like me to have to call foul as opposed to Barack Obama—who you’d think would be concerned about poor kids being sent to the back of the bus—is an outrage. Can you see the irony here?

It’s not the biggest outrage which has happened in government even during the last week.

And nobody in the TV biz—either commercial or allegedly non commercial—wants to make Time Warner mad at them.

So the taxpayers and poor kids everywhere will probably get screwed.

However, I can’t help but think that my Dad would have said that this program was brought to you by the letters F and U. Next time I’m in Peoria, I’ll go on down to Springdale Cemetery and ask him.

The views expressed in this opinion article are solely those of their author and are not necessarily either shared or endorsed by WesternJournalism.com.

This post originally appeared on Western Journalism – Equipping You With The Truth

Will Republican National Committee Self-Immolate To Stop Trump?

I have a friend who is a Republican heavyweight. This is a guy with Lee Atwater’s reputation who is not a fan of what today passes for GOP orthodoxy. You don’t see him on TV much exactly because his advice is valued by people who actually take it—as opposed to the talking heads which Fox needs to fill airtime.

He told me the other day that what passes for intelligentsia at the Republican National Committee in Washington (a fairly low bar) will immolate themselves and the party before they allow Donald Trump to get the nomination.

If, in fact, that proves to be true, than good riddance; we can do without that GOP.

Trump threw some more gas on the fire during the first GOP debate on the lead-off question when he refused to pledge his support to the eventual GOP nominee if it is not him and refused to rule out a third party run (“why give up that leverage”). And he later went after a notably bitchy Meygn Kelly, who asked him what in any other setting would have been a question about political correctness leaving Fox, of all networks, in the odd position of huffing about Trump’s political incorrectness.

I believe that Donald Trump is representing, among others, the 4,000,000 Republican voters who skipped the 2008 and 2012 elections and gave us Barack Obama for eight years.

Don’t get me wrong.

I believe that Scott Walker, Mike Huckabee, John Kasich or any combination of them would make a good ticket. It might even win.

Who knows? A GOP administration might actually do what it campaigns on as opposed to the McConnell-Boehner regime which, in truth, has a track record not totally dissimilar to Reid-Pelosi.

Trump is speaking truth to what passes for power.

He’s saying that to businesses—such as his own—money buys access, which means that the only people who do not have access to the political class are the people who actually elected them.

He is saying that America sends people to negotiate deals which affect our everyday lives who we probably wouldn’t hire to clean our toilets. And other countries are smarter than that.

He’s saying that being politically incorrect and being right are not mutually exclusive positions.

And, like Ronald Reagan when he was 30 points away from Jimmy Carter in 1980, he’s saying that it’s time to make us feel as good about our country as we naturally should.

Now those are good talking points. But here’s what the Trump voter is really pissed off about:

They sent a Republican House to the Hill in 2010 and a Republican Senate to the Hill in 2014; and to see their collective track record, you’d think that Harry Reid was still running the Senate and Nancy Pelosi was still running the House.

Yet, the Republican National Committee is most worried about guys like Jeb Bush and the Washington hacks who follow him around like dogs begging for food.

All of which pretty well puts what passes for leadership in the Grand Old Party into perspective. It would seem that the Republican National Committee is largely composed of people who are hacks following Jeb Bush around like dogs begging for food—which in this case means the $120,000,000 Bush has raised from people who will want things from him should he get elected.

And you wonder why Donald Trump is leading the polls no matter what he says?

Every time you see a talking head on Fox or some other network with the label “Republican Strategist” under his or her head bashing Trump, think of your family dog at suppertime doing his or her happydance.

I still don’t know if Trump can win; but unless the rest of the GOP stops pushing away the same voters they pushed away in 2008 and 2012 (hint: we’re NOT talking about Hispanics), they may never see another “Republican” in the White House. And that might be a good thing.

The views expressed in this opinion article are solely those of their author and are not necessarily either shared or endorsed by WesternJournalism.com.

This post originally appeared on Western Journalism – Equipping You With The Truth

Babies, Alive Or Dead, Are NOT Personal Property

Maybe, in my sixth decade, I’ve become an old curmudgeon.

Or, maybe, I just grew up during a time when we knew what was right, what was wrong and what was a gray area—despite a generational fling with “if it feels good, do it”.

Whatever, I just cannot dismiss the stories of doctors who take the Hippocratic oath, partially birthing, then custom killing a 20-week-old baby so as to best preserve the body parts to sell.

As reviled as the Roe v. Wade decision by the Supreme Court is, here is the relevant part to these baby killings, euphemistically referred to by the left as “procedures”:

(b) For the stage subsequent to approximately the end of the first trimester, the State, in promoting its interest in the health of the mother, may, if it chooses, regulate the abortion procedure in ways that are reasonably related to maternal health.

(c) For the stage subsequent to viability the State, in promoting its interest in the potentiality of human life, may, if it chooses, regulate, and even proscribe, abortion except where necessary, in appropriate medical judgment, for the preservation of the life or health of the mother.

Any state that doesn’t choose to stop this nonsense during the second and third trimesters is, quite simply, adding abortions to their definition of justifiable homicide.

Only it’s not a homeowner standing his ground against a home invasion.

Frankly, we need prosecutors—who all too often worry about offenses like “hate crimes” and bad checks—to hold a grand jury inquiry about every abortion performed after 12 weeks. Roe v. Wade clearly gives states that ability. Nevada Revised Statute 442.250 was actually adopted by a vote of the people and cannot be revised. The statute is quite specific; and it is interesting, in light of the disclosures made by the recent videos, that prosecutors have not hauled in the mother and the doctor and allowed a group of regular citizens to ask if, indeed, the health of the mother was involved–or if it was merely a ruse to get rid of an unwanted life.

Maybe it’s time to start asking prosecutors why they don’t.

More than that, we need to call a spade a spade.

We need to start calling things what they are instead of using euphemisms so that we all feel more comfortable.

When you drag a baby in the second trimester from a mother’s womb and crush its skull, that’s not an abortion or a reproductive health procedure or an exercise in women’s health.

That’s killing a baby. I don’t care what Hillary Clinton or Debbie Wasserman Schulze calls it because they’re in it for votes and money.

Baby killing is almost the same as killing a lion in Zimbabwe.

Do you know what the difference is?

The lion can run.

Nobody loves animals as much as we do. And I fail to see the sport in killing a 13 year old lion simply because some clown paid $55,000 so he could.

But if they extradite that clown to Zimbabwe, we also ought to be prosecuting any doctor who performs an abortion of any baby in the second or third trimester–unless it can be conclusively proven that there was a real and immediate threat to the mother’s life or health.

If doctors know that they are going to have to answer those questions to a grand jury under oath, my guess is that the number of second and third trimester baby killings will be sharply reduced.

And, frankly, I’ve had just about enough of hearing that a woman has the right to decide what to do with her own body.

Maybe she does during the first trimester per Roe v. Wade; but slavery is over, and babies are no more personal property today than black slaves were then.

The views expressed in this opinion article are solely those of their author and are not necessarily either shared or endorsed by WesternJournalism.com.

This post originally appeared on Western Journalism – Equipping You With The Truth

Planned Parenthood: Custom Killing 20 Week Old Babies To Harvest Their Organs

So, let me get this straight.

If you have an objection to a Planned Parenthood staffer telling an undercover investigator that they can do things to make an aborted fetus “less crunchy” in an attempt to preserve viable organs, you have declared a war on women.

If you object to using the euphemism “fetal tissue” when they really mean “body parts” harvested from late term, partial birth abortions, than you have declared a war on women.

Well, I don’t know about that. But I do know that Planned Parenthood has apparently declared a war on viable babies, and I know it because I saw the video and read the unedited transcripts.

If there were ever a reason to declare a war on a half a billion tax dollars funding this organization, this is it.

And their lamo response?

The video was “heavily edited,” and shooting the video was possibly illegal since the poor miscreants from Planned Parenthood didn’t know they were being recorded.

As my step children would have said before they all became adults (because their mother wisely decided to have them), duuuhhhh…

Even the moron doctor who said she wanted a Lambo when she was haggling over the price probably would have cleaned up her big fat white wine rinsed mouth if she knew she was being recorded.

ABC News does a program with John Quinones called “What Would You Do?” where they set up a whole situation somewhere with actors and hidden cameras. This would have been a fascinating episode because all that was missing was the big reveal with John stepping out and introducing himself. Nobody says that ABC has violated anybody’s rights.

What do you think the abortionist would have said under those circumstances?

What would you have done—no matter your political leaning—if you were at the next table?

Harry Reid (D-Ritz Carlton, Washington DC) defended Planned Parenthood, noting that the videos were “politically motivated” and that fetal tissues had been used in research for a long time.

The part about fetal tissue is true.

But whole organs? Which were harvested by a doctor who—for lack of a better term—custom kills a baby so as not to damage the organs?

I don’t know about you, but that’s a little too much playing God for me.

It sounds pretty close to what Dr. Josef Mengele (The Nazi Angel of Death) did during the third Reich.

It’s only a small step from there, to just picking out a kid whose life maybe doesn’t matter as much as others and harvesting his or her organs.

Just like they custom kill a cow to get a specific cut of meat.

It is typical of the left that even when they get caught doing or supporting the most horrific of things, they never, ever admit that they might have gone over the line.

I’m a realist. I don’t think you will ever stop abortions as long as you have irresponsible people having irresponsible sex.

Reasonable people can differ on when life begins.

But when you can harvest an intact heart and lungs, then what you are really doing is murdering a baby.

Anybody who can argue with that has never seen an ultrasound at 20 weeks.

We don’t have to pay for it with tax dollars, and we certainly don’t have to encourage late term partial birth abortions where the baby is custom killed by a doctor who is trying to harvest the baby’s organs intact.

When people getting federal funding to the tune of half a BILLION dollars a year admit what they are doing over white wine, salad and brie, we need to stop paying for it.

Only God can play God.

The views expressed in this opinion article are solely those of their author and are not necessarily either shared or endorsed by WesternJournalism.com.

This post originally appeared on Western Journalism – Equipping You With The Truth