Democrats Threaten to Skip Next Week’s Debate Over Union Dispute

https://www.yahoo.com/news/warren-sanders-yang-threaten-skip-191620412.html

Democrats Threaten to Skip Next Week’s Debate Over Union Dispute

December 13, 2019

All of the Democratic presidential candidates who have qualified for next week’s debate say they will skip the event rather than cross a planned picket line at the venue.

The seven candidates — Joe Biden, Pete Buttigieg, Elizabeth Warren, Bernie Sanders, Amy Klobuchar, Tom Steyer and Andrew Yang — all said Friday that they would not show up for the debate at Loyola Marymount University in Los Angeles next Thursday if the Unite Here Local 11 goes forward with its protest of food service contractor Sodexo SA.

The union, which represents about 150 Sodexo employees at the LMU campus, reached out to the campaigns on Friday to inform them they planned to demonstrate. The union and the food-services company have been negotiating for months but their talks stalled this week.

This is the second labor issue to complicate plans for the December debate. It had been set to be held at the University of California at Los Angeles’s Luskin School of Public Affairs. But the Democratic National Committee asked the debate’s media sponsors to find a new location because the American Federation of State, County and Municipal Employees demanded that the candidates to boycott it over a contract dispute involving patient care workers at the university’s hospital system.

“The DNC should find a solution that lives up to our party’s commitment to fight for working people,” Warren wrote on Twitter. “I will not cross the union’s picket line even if it means missing the debate.”

Biden said he would not cross a picket line and had to stand with the union’s members “for affordable health care and fair wages.”

Xochitl Hinjosa, the DNC’s communications director, said late Friday that the group’s chairman, Tom Perez, “would absolutely not cross a picket line and would never expect our candidates to either.” She added that the DNC was trying to find a solution that “will enable us to proceed as scheduled with next week’s debate.”

(Michael Bloomberg is also seeking the Democratic presidential nomination. Bloomberg is the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News.)

December 16, 2019. Tags: , , , . Unions. Leave a comment.

Global warming hypocrite Al Gore says he supports the Green New Deal, but his actions are the exact opposite

Al Gore just spoke out in favor of the Green New Deal.

However, his actions are the exact opposite.

This video is called, “Hitler gets mad at Al Gore’s global warming hypocrisy.” The video’s description includes links to sources to verify the statements that are made in the video:

https://www.youtube.com/watch?v=bfr37Xn9IL8

December 14, 2019. Tags: , , , , , , , , , , , , , . Environmentalism, Humor. Leave a comment.

So Obama knew all along about the FBI bid to spy on his rival

https://www.americanthinker.com/blog/2019/12/so_obama_knew_all_along_about_the_fbi_bid_to_spy_on_his_rival.html

So Obama knew all along about the FBI bid to spy on his rival

December 10, 2019

Up until now, President Obama has said he knew nothing about the FBI bid to destroy his political rival, Donald J.Trump, as evidenced in the newly released and mighty critical Inspector General, report.

Back in August 2016, Obama said:

“I do not talk to the attorney general about pending investigations. I do not talk to FBI directors about pending investigations,” he insisted.

“I guarantee that there is no political influence in any investigation conducted by the Justice Department or the FBI — not just in this case, but in any case. FULL STOP. PERIOD. Guaranteed. Nobody gets treated differently when it comes to the Justice Department,” he said.

Today, Obama’s claim is in tatters. Julie Kelly of the Federalist, found references within the new IG report that Obama was briefed on the gamy investigation, and knew all about it all along.

Former FBI Director James Comey briefed President Barack Obama about the investigation into Donald Trump’s campaign before the 2016 election, according to a report released today by the Justice Department’s inspector general.

When we asked Comey about meetings with the White House concerning Crossfire Hurricane, he said that although he did not brief the White House about the investigation, he did mention to President Obama and others at a meeting in the Situation Room that the FBI was trying to determine whether any U.S. person had worked with the Russians in their efforts to interfere in the 2016 U.S. election. Comey said he thought it was important that the President know the nature of the FBI’s efforts without providing any specifics. Comey said although he did not recall exactly what he said, he may have said there were four individuals with ‘some association or connection to the Trump campaign.’ Comey stated that after he provided this information, no one at the meeting responded or followed up with any questions. Comey did not recall specifically when this meeting took place, but believed it may have been in August 2016.

The White House meeting also included then-National Security Advisor Susan Rice, then-Director of National Intelligence James Clapper, and then-CIA Director John Brennan, the inspector general found.

So Obama knew, quite contrary to his claims, that this now-criticized rat-king of an investigation on his rival, was happening as he watched.

It’s not a big surprise, actually. As Kelly notes, FBI officials Peter Strzok’s and Lisa Page’s emails suggested that that was going on:

One text causing raised eyebrows today seems to implicate the president: “potus wants to know everything we’re doing,” former FBI lawyer Lisa Page texted to her paramour, then-FBI counterintelligence agent Peter Strzok, on Sept. 2, 2016.  She said that she had just been in a meeting to discuss “TPs for D” (talking points for the director, i.e. FBI Director James Comey) to brief the president on their investigation.

Yet President Trump, who tried to resolve this matter by asking the Ukrainians to cooperate with investigators over the Obama-linked Biden tentacle of this octopus, is now being impeached today for taking actions “against his rivals.”

Obama did it earlier, and he sure as heck wasn’t impeached. Yet his string of crimes against his political rival was incredibly long, and there seems to have been a groupthink element to it, the way a group of crooks gets together and commits crimes together, except that their presence of one another seems to propel them along to do much worse than they would be capable of alone.

It wasn’t just the FBI investigation he knew about – it was also the ‘unmaskings’ that followed from the FBI bid to pin something on Trump – the timelines show that around the time of that Coomey briefing, the “unmaskings” of Americans caught up in intelligence dragnets, looking to see if any of them were Trump officials, were stepped up, ending only when Obama administration officials packed up and left the White House.

It’s apparently a whole slew of things he did to spy on and undercut his rivals. Had he used that formidable energy on America’s actual enemies, he might not have been such a failure as president. For now, Obama stands exposed.

December 10, 2019. Tags: , , . Barack Obama, Donald Trump. 2 comments.

Warren’s ‘Billionaire Tears’ Mug Is Sold Through A Billionaire-Run Company

https://dailycaller.com/2019/11/14/warren-billionaire-tears-mug/

Warren’s ‘Billionaire Tears’ Mug Is Sold Through A Billionaire-Run Company

November 14, 2019

A billionaire stands to benefit financially from the sales of Democratic presidential candidate Sen. Elizabeth Warren’s new “Billionaire Tears” mug.

The $25 mug, which Warren’s presidential campaign introduced Wednesday, is sold through Shopify, a Canadian e-commerce company whose founder and CEO, Tobias Lütke, is worth an estimated $2.8 billion.

“Savor a warm, slightly salty beverage of your choice in this union-made mug as you contemplate all the good a wealth tax could do: universal healthcare, student debt cancellation, universal free college, and more,” the mug’s product page states.

Warren’s presidential campaign began utilizing Shopify’s services shortly after the Massachusetts senator declared her candidacy in February. Her campaign has disbursed nearly $105,000 to Shopify for credit card processing fees so far in 2019, according to Federal Election Commission (FEC) records.

The Warren campaign did not return a request for comment.

Warren’s senatorial campaign also utilized Shopify’s services, disbursing $16,500 to the company between 2017 and 2019, FEC records show.

Warren’s proposed annual 2% wealth tax on net worth over $50 million and an annual 6% wealth tax on net worth over $1 billion has become a focal point of her campaign. She says the increased tax revenues from the proposal can fund her “Medicare for all” plan without raising taxes on the middle class.

But opponents of Warren’s proposed wealth tax say it’s fundamentally flawed. Of the 12 European countries that had a wealth tax in place in 1990, nine had rescinded the measure by 2019.

The Organisation for Economic Cooperation and Development found that the wealth tax was too expensive to administer, drastically altered investment decisions and drove wealthy citizens out of their homelands, NPR reported.

France’s wealth tax, initiated in 2000, led to an exodus of some 42,000 millionaires from the country in 12 years, according to NPR. French President Emmanuel Macron rescinded the measure in 2018.

November 16, 2019. Tags: , , , . Politics. Leave a comment.

President Obama Criticizes Woke Culture At Colleges

https://www.youtube.com/watch?v=YMwvL6rhpuo

October 30, 2019. Tags: , , , , , . Barack Obama, Social justice warriors. Leave a comment.

White liberals ‘patronize’ minorities while talking – but conservatives don’t, study says

https://www.miamiherald.com/news/nation-world/national/article222424675.html

White liberals ‘patronize’ minorities while talking – but conservatives don’t, study says

November 30, 2018

White liberals tend to present themselves as less competent when speaking to minorities — while conservatives do not, according to a new study from Yale University scheduled to be published in the Journal of Personality and Social Psychology.

“Most Whites, particularly socio-political liberals, now endorse racial equality. Archival and experimental research reveals a subtle but reliable ironic consequence: White liberals self-present less competence to minorities than to other Whites — that is, they patronize minorities stereotyped as lower status and less competent,” says the study, written by Yale professor Cydney Dupree.

Dupree analyzed the speech patterns of liberal and conservative presidential campaign speeches to pinpoint how often they used words that signified “warmth” and “competence.”

Words that emphasized warmth were things like “supportive” or “compassionate,” while words that emphasized competence were things like “assertive” or “competitive.” Dupree found that Democratic candidates used fewer “competence” words when speaking to primarily minority audiences, and they have been doing so for many years.

“It was really surprising to see that for nearly three decades, Democratic presidential candidates have been engaging in this predicted behavior,” she said in a news release.

There was not a similar pattern with Republicans, though it was harder to find examples of Republicans giving speeches to primarily minority audiences, Dupree said in the release.

But then the researchers took another step. They recruited people to participate in a study where they were told to email a partner using a list of words. Sometimes the email would be about some theoretical task, or it could just be a friendly introduction.

The catch? The person they were emailing either had a stereotypical “white” name like “Emily’ or a stereotypically “black” name like “Lakisha.”

The researchers found that liberals were less likely to use words that signified competence and more likely to use words signifying warmth when speaking with people they thought were black. There was no such connection for conservatives.

So why does this happen?

Dupree says it might be a sign that white liberals “may unwittingly draw on negative stereotypes, dumbing themselves down in a likely well-meaning, “folksy” but ultimately patronizing, attempt to connect” with minorities, according to the study.

“It was kind of an unpleasant surprise to see this subtle but persistent effect,” Dupree said in a news release. “Even if it’s ultimately well-intentioned, it could be seen as patronizing.”

She calls this a “competence downshift” and said people could either be doing it to try to “get along” because they want to seem likeable or, more insidiously, because of stereotypes.

“It’s somewhat counterintuitive,” said Dupree, according to The Washington Post. “The idea that people who are most well-intentioned toward racial minorities, the people actually showing up and wanting to forge these connections, they’re the ones who seem to be drawing on stereotypes to do so.”

Dupree told The Washington Post there were still a lot of questions up in the air: How do people change their speech when talking to other minorities, like Asian-Americans? Do the people pick up on the shift? Is the change in speech pattern actually effective in bringing people closer together?

“My hope is that this work will help include well-intentioned people who see themselves as allies but who may be unwittingly contributing to group divides. There is a broader need to include them in the conversation,” she wrote in the news release.

October 28, 2019. Tags: , , . Dumbing down, Racism. Leave a comment.

2 white UConn students arrested after video showed them shouting racial slurs

https://www.nbcnews.com/news/nbcblk/2-white-uconn-students-arrested-after-video-showed-them-shouting-n1069891?cid=referral_taboolafeed

2 white UConn students arrested after video showed them shouting racial slurs

Students on campus demanded action after video of the incident surfaced, saying it is indicative of broader issues of racism at the school.

October 22, 2019

Two white students at the University of Connecticut were arrested Monday after video that showed them shouting racial slurs prompted campus protests, university police told NBC News.

Jarred Mitchell Karal, 21, and Ryan Gilman Mucaj, 21, face charges of ridicule on account of race, color, or creed. They were released with a court date set for Oct. 30 at Rockville Superior Court in Vernon, Connecticut.

Karal and Mucaj’s charges could result in a $50 fine or up to 30 days in jail.

NBC sent emails to the two men Tuesday morning requesting comment but did not immediately hear back.

Campus police learned of the incident from social media footage showing Karal and Mucaj shouting epithets in an apartment complex parking lot, a university spokesperson told NBC News. The men were playing a game that involved yelling vulgar words, university police said, and then started shouting epithets. Karal and Mucaj were walking with a third man, whom police said did not shout epithets and was not charged.

The Oct. 11 incident sparked an outcry on campus, particularly from some black students who said it was indicative of broader issues of racism at the university.

“To just experience that on a daily basis and then having something that gets out to the public that everybody can see and understand, it’s really impactful for the rest of us,” freshman Mason Holland told NBC Connecticut.

The university last week organized a meeting at the apartment complex where the slurs were heard to discuss the incident.

On campus Monday, students marched to demand further action from the university, and they met at a gathering hosted by the campus NAACP chapter to discuss the climate for students of color on campus.

In a letter published in the student paper Monday, the NAACP also demanded that the university take action after the parking lot incident and another that allegedly occurred at a fraternity.

“If the university does not adequately address and handle these occurrences of racism appropriately, it will create a culture in which racism is tolerated and normalized,” the organization wrote, adding a list of demands aimed at making the campus safer and more welcoming to black students.

In a statement, University President Thomas C. Katsouleas said it was important to hold Karal and Mucaj accountable for their actions.

“It is supportive of our core values to pursue accountability, through due process, for an egregious assault on our community that has caused considerable harm,” he said. “I’m grateful for the university’s collective effort in responding to this incident, especially the hard work of the UConn Police Department, which has been investigating the case since it was reported.”

October 23, 2019. Tags: , , , , , , , , , , , . Police state, Political correctness, Racism, Social justice warriors. 2 comments.

Law abiding political candidate Marie Newman returns illegal campaign contribution that criminal Alexandria Ocasio-Cortez had illegally given to her

Marie Newman is a law abiding political candidate who is running for office in Illinois.

The largest campaign contribution that anyone is allowed to legally give to her campaign is $2,000.

However, this report from the Federal Election Commission shows that Alexandria Ocasio-Cortez donated $5,000 to Newman’s campaign.

Here’s a screenshot which proves that Ocasio-Cortez broke federal campaign finance law. Source: https://docquery.fec.gov/cgi-bin/forms/C00639591/1357189/sb/21

Fortunately, Newman is a law abiding citizen, and returned the excess $3,000.

On the other hand, Ocasio-Cortez is a criminal who violated federal campaign finance law.

Democrats are always going on and on and on about how much we need to reform the current campaign finance laws. Well, here’s a chance for those very same Democrats to publicly speak out in favor of prosecuting one of their own for breaking the campaign finance laws which are already on the books.

October 18, 2019. Tags: , , , . Alexandria Ocasio-Cortez. Leave a comment.

Video: Antifa mob chokes and beats pro-Trump man in Minneapolis

https://www.youtube.com/watch?v=EpfrGE_UIfs

October 18, 2019. Tags: , , , , . Antifa. Leave a comment.

Greta Thunberg is an environmental hypocrite

Greta Thunberg wants the whole world to think that she cares about the environment because she traveled across the Atlantic ocean by boat instead of by airplane.

However, in the real world, multiple yacht crew members flew on an airplane from Europe to New York in order to bring the yacht back to Europe.

Furthermore, the yacht itself was made from propane and petroleum – the very same things that Thunberg was protesting against.

Of course, this whole environmental movement is far more about virtue signaling than it is about actually protecting the environment, which is why pretty much every single environmental celebrity and environmental politician is, in reality, an environmental hypocrite.

This video, which I wrote the dialogue for, is called “Hitler gets mad at Al Gore’s global warming hypocrisy.” The video’s description includes links to sources to verify each and every claim:

https://www.youtube.com/watch?v=bfr37Xn9IL8

I’ve said this before, and I’ll say it again: I never trust anyone who doesn’t live by the rules that they expect everyone else to live by.

October 9, 2019. Tags: , , , , , . Environmentalism. Leave a comment.

The only way that rich people could pay Bernie Sanders’s proposed annual 8% wealth tax would be by selling enough stock to get the money to pay the tax. This would drive down stock prices, and would hurt every single middle class person who has a pension, a 401K, or an IRA.

Billionaires don’t just have billions of dollars in cash just sitting around, waiting to pay Bernie Sanders’s proposed annual 8% wealth tax.

For example, the richest person in the world is Jeff Bezos, the guy who created amazon. 99.9% of his wealth is in the form of stock in the company that he himself created. In the beginning, that company was worth zero. The only reason that it has value today is because he created that value. The stock in any company is worth only as much as what people are willing to pay for it.

If Sanders forced Bezos to pay an 8% annual wealth tax, Bezos would have to sell enough of his amazon stock to get the money to pay the tax.

That would drive the price of the stock down.

And that would hurt every single middle class person who has a pension, a 401K, or an IRA.

And it gets even worse than that.

Sanders tried to justify his annual 8% wealth tax by saying

“Billionaires should not exist.”

But if billionaires don’t exist, then the companies that those billionaires created would not exist either.

And the goods and services that are provided by those companies would not exist either.

Which is why Sanders also said that people in the U.S. have too many choices when it comes to deodorant and shoes, and that it’s a “good thing” when people have to wait in line to buy food.

Sanders said that Americans have too many choices when it comes to deodorant and shoes. These are his exact words:

“You don’t necessarily need a choice of 23 underarm spray deodorants or of 18 different pairs of sneakers when children are hungry in this country.”

Well, as it turns out, the policies of Hugo Chavez and Nicolas Maduro have caused a shortage of both deodorant and shoes in Venezuela.

Sanders also said that it was a “good thing” when people have to wait in line for food.

These are Sanders’s exact words:

“It’s funny, sometimes American journalists talk about how bad a country is, cause people are lining up for food. That’s a good thing! In other countries people don’t line up for food: the rich get the food and the poor starve to death.”

You can see and hear Sanders saying those words in this video:

https://www.youtube.com/watch?v=zJBjjP8WSbc

Well, as it turns out, the policies of Chavez and Maduro have caused shortages of food in Venezuela.

For example, in May 2017, the Washington Post reported:

In a recent survey of 6,500 Venezuelan families by the country’s leading universities, three-quarters of adults said they lost weight in 2016 — an average of 19 pounds… a level of hunger almost unheard-of outside war zones or areas ravaged by hurricane, drought or plague.

Then in February 2018, Reuters reported:

Venezuelans reported losing on average 11 kilograms (24 lbs) in body weight last year… according to a new university study…

That’s 43 pounds in two years.

Here’s a photograph from 2014 of people in Venezuela waiting in line for food: (posted here under fair use from http://www.businessinsider.com/long-food-lines-are-in-venezuela-2014-2 )

You can read all about how Venezuela ended up like this at this link.

All of this happened in Venezuela because Chavez and Maduro decided to wage war against the rich.

What is exactly what Sanders is trying to do.

In fact, I have never, ever heard Sanders criticize any of the specific economic policies of Chavez or Maduro.

Sanders hasn’t criticized Chavez or Maduro for setting price controls on food.

Sanders hasn’t criticized Chavez or Maduro for nationalizing farmland.

Sanders hasn’t criticized Chavez or Maduro for nationalizing the electric, steel, cement, and construction industries.

On the contrary, every single economic policy that Sanders has ever expressed support for adopting in the U.S. is completely in line with the economic policies that were enacted by Chavez and Maduro in Venezuela.

You cannot help the poor and the middle class by hurting the rich people who provide the goods and services, as well as the jobs, that the poor and the middle class need.

Bernie Sanders’s hatred for the rich exceeds any concern for the poor and the middle class that he claims to have.

Sanders would rather hurt the middle class and the poor, as long as it also meant that he got to hurt the rich.

A falling tide lowers all ships.

Sanders has repeatedly criticized the existence of “millionaires and billionaires.” (Although he stopped doing so after the New York Times reported that he was one of them.)

Sanders defended his own millionaire status by saying the following:

“I wrote a best-selling book. If you write a best-selling book, you can be a millionaire, too.”

I agree with Sanders.

But here’s the difference between what I believe and what Sanders believes: I believe that it’s a good thing when any person becomes a millionaire or billionaire by providing their customers with the goods and services that their customers choose to buy. By comparison, the only person whose millionaire or billionaire status Sanders has ever defended is his own.

And I never trust anyone who doesn’t hold themselves to the same standards that they expect everyone else to follow.

October 9, 2019. Tags: , , , . Bernie Sanders, Economics. 1 comment.

Candace Owens gives speech at White House, explaining how Democrats hurt black people

https://www.youtube.com/watch?v=LObY49p3MDQ

October 6, 2019. Tags: , , . Donald Trump. Leave a comment.

Antifa Harass Elderly Couple Crossing The Street

https://www.youtube.com/watch?v=0mtIwff6E_U

October 6, 2019. Tags: , . Antifa. Leave a comment.

Netherlands Liberal MP Tjeerd de Groot calls for livestock production to be reduced by half

Last year, I published this blog post, which is called, “Here’s how most Venezuelans lost an average of 43 pounds in two years.”

Here’s a photograph from 2014 of people in Venezuela waiting in line for food: (posted here under fair use from http://www.businessinsider.com/long-food-lines-are-in-venezuela-2014-2 )

It looks like the Netherlands might be trying to achieve a similar effect.

The BBC just reported:

Liberal MP Tjeerd de Groot called for livestock production to be halved, meaning six million fewer pigs and 50 million fewer chickens

Meanwhile, I’d like to once again remind everyone that Bernie Sanders actually said that it was a “good thing” when people have to wait in line for food.

These are Sanders’s exact words:

“It’s funny, sometimes American journalists talk about how bad a country is, cause people are lining up for food. That’s a good thing! In other countries people don’t line up for food: the rich get the food and the poor starve to death.”

You can see and hear Sanders saying those words in this video:

https://www.youtube.com/watch?v=zJBjjP8WSbc

Depending on how things go next year, Bernie Sanders may be the next U.S. President.

October 2, 2019. Tags: , , , , , , , , , . Bernie Sanders, Environmentalism. Leave a comment.

CNN removed 540 words from the transcript of Trump’s phone call to frame him for something that he didn’t do

You can read about it at this link:

https://thefederalist.com/2019/09/25/cnn-just-yadda-yadda-yaddad-540-words-to-frame-trump-for-favor-he-never-requested/#.XYvr6bd00yo.twitter

 

September 26, 2019. Tags: , , , , , , . Donald Trump, Media bias. Leave a comment.

A California bank robber could get extra time in prison because social justice warriors said his mask was offensive

In Santa Monica, California, a bank robber could get extra time in prison because social justice warriors said his mask was offensive.

Here’s a still from the security footage which shows the mask in question: (Source)

I support the maximum prison time for anyone who robs a bank.

But I don’t think anyone should ever go to prison for doing something that some people consider to be offensive.

In this case, the proposed extra time for the robber is because the mask that he wore was a form of “cultural appropriation” which “violated the rights of indigenous peoples.”

The voters and politicians of California are insane.

September 17, 2019. Tags: , , , , , , , , , , . Political correctness, Racism, Social justice warriors. 2 comments.

Candace Owens criticizes Democrats for the high rates of violent crime and poverty in the inner cities that they control, as well as their policies that encourage women to have babies out of wedlock

https://www.youtube.com/watch?v=TOT7MbDQc00

September 16, 2019. Tags: , , , , , . Politics. 1 comment.

Did the Obama administration commit ‘the biggest accounting fraud in history’ with student loans? Experts weigh in

https://finance.yahoo.com/news/obama-administration-student-loans-experts-113140861.html

Did the Obama administration commit ‘the biggest accounting fraud in history’ with student loans? Experts weigh in

September 5, 2019

The Wall Street Journal’s editorial board (WSJ) recently accused the Obama administration of pulling off “the biggest accounting fraud in history” with student loans when eliminating the role of private lenders in the federal student lending market.

Experts who spoke with Yahoo Finance acknowledged the issue with the general policy in hindsight, though they disagreed on who exactly is to blame.

In 2010, Democrats “nationalized the market to help pay for Obama Care,” WSJ asserted. “The Congressional Budget Office at the time forecast that eliminating private lenders would save taxpayers $58 billion over 10 years. This estimate was pure fantasy, and now we’re seeing how much.”

The WSJ op-ed also highlighted the rising number of severely delinquent student loans since then and blamed the Obama administration for expanding plans in 2012 for new borrowers “to reduce defaults, buy off millennial voters and disguise the cost of its student-loan takeover.”

The editorial board then added: “This may be the biggest accounting fraud in history.”

‘There’s no way around that’

WSJ argued that eliminating private lenders from the student loan market severely hurt Americans and that by using fair-market accounting, it becomes clear that student loans will actually cost taxpayers nearly $307 billion over the next 10 years.

Douglas Holtz-Eakin, former director of the Congressional Budget Office (CBO) during the George W. Bush administration and currently president of the center-right American Action Forum, agreed that the accounting discrepancy manifested because of the “technique” used by the CBO to evaluate the cost of these loan programs.

“A widely known deficiency of the Federal Credit and Reform Act is that it does not allow the CBO to incorporate [market risk] into assessments,” Holtz-Eakin told Yahoo Finance. “So the loans, when they’re evaluated are evaluated as safer than they truly are, and thus, the losses are smaller than they may truly be. And there’s no way around that — the techniques force you to do that.”

He added that “that’s why when you when they switched from the private loans to the government loans, it appeared to save money… that is misleading. I don’t disagree, but it’s not the CBO’s fault — those are the rules.”

Sheila Bair, the chair of the U.S. Federal Deposit Insurance Corporation (FDIC) from 2006 to 2011, agreed that the WSJ was “right to call out the government” on the accounting issue and stressed that it is “a huge problem with federal budgeting and transparency generally.”

Income-based repayment plans were ‘poorly designed’

The WSJ argued that the key catalyst for the student debt crisis today — $1.48 trillion student loans outstanding, with 35% of the consumer loans in the “severely derogatory” category — was a result of the Obama administration’s policies regarding income-driven repayment (IDR) plans.

IDR plans allow borrowers to cap monthly student loan payments based on how much money they are making at a given time. As of September 2018, “almost half of the $898 billion in outstanding federal Direct Loans [were] being repaid by borrowers using IDR plans,” according to the Government Accountability Office.

Holtz-Eakin agreed with WSJ, arguing that the CBO “cannot anticipate a future action of either the Congress or the administration.”

If the government chooses “to move to a whole bunch of loan forgiveness and income-based repayment models, they can’t anticipate that and both of those things bring in less money,” he explained. “The money goes out and it doesn’t come back and they’re bigger losses.”

Holtz-Eakin added that the Obama administration “did that on a regular basis — there was nothing CBO could have done about it.”

Former FDIC Chair Bair, who headed the agency during part of both the Bush and Obama administrations, argued that the issue arose from the poor design of the repayment plan system.

“This has been a couple decades in the making, frankly,” said Bair. “I think that the concept of a payment based on income is a good one — it’s not a bad one. But the way these things have been designed, it’s like the worst of all possible worlds.”

With borrowers often in thousands of dollars in student debt, IDR plans are seen as an alternative for borrowers with high debt and low income. But the current income-based repayment plans is “very poorly designed… [and] confusing,” Bair said.

The WSJ pointed out that borrowers end up owing more than they borrowed even though they’re repaying their loans — called negative amortization — which Bair acknowledged.

“With a true income share, you have higher earners paying more and lower earners paying less, but you let the higher earners pay more to help with the cross-subsidization of the lower earners, and also just to mitigate the budget impact,” said Bair. “But what the government does do now is they cap you out.”

In other words, if a borrower decides that they want to increase their monthly repayment amounts, instead of being able to pay back loans quickly, they’re capped out because the repayment structure is based on their income. Hence, the borrower — despite being able to increase payments — is stuck with a loan that’s accruing interest for possibly 20 or 25 years.

‘Recreated the worst aspects of the subprime… crisis’

The other issue was underwriting.

Previously, the government guaranteed student loans that borrowers took out from private lenders. Today, it controls more than 90% directly.

When the Obama administration “got rid of the guarantee program with the private sector out of the process and made it a direct federal loan, they got rid of all underwriting,” Holtz-Eakin noted.

“And so they recreated the worst aspects of the subprime mortgage lending crisis,” he stated. “They gave anyone who walked up a loan, without any notion of their capacity to repay.”

September 5, 2019. Tags: , , , , , . Barack Obama. Leave a comment.

Alexandria Ocasio-Cortez is raising money to support Antifa members who threw urine at police officers. DNC Chairman Tom Perez said she “represents the future of our party.”

In July 2018, DNC Chairman Tom Perez said that Alexandria Ocasio-Cortez

“represents the future of our party”

You can see him saying those words in this video:

https://www.youtube.com/watch?v=tIriGu5dtHM

Given Perez’s statement, I think that it’s important that we pay attention to the many ridiculous and absurd things that Ocasio-Cortez says and does.

You can read about many of them here and here.

And now on to the newest example.

Ocasio-Cortez is raising money to support Antifa members who threw urine at police officers.

I’d be curious to hear what each of the current Democratic presidential candidates thinks of this.

September 5, 2019. Tags: , , , , , , , . Alexandria Ocasio-Cortez. Leave a comment.

Bernie Sanders wants to do the same things to the U.S. that Hugo Chavez and Nicolas Maduro did to Venezuela

Bernie Sanders has described his proposals for the Green New Deal on his website. (Original, archive.)

And here is a link to a blog post that I wrote about the things that Hugo Chavez and Nicolas Maduro did in Venezuela. It includes links to verify each and every one of my claims.

The two things are very similar in many ways.

Both Chavez’s and Sander’s plans call for massive government control of the agricultural, energy, transportation, manufacturing, construction, and steel industries.

Both plans call for replacing the free market with government decision making.

In the U.S., lots of people on the political left praised Hugo Chavez’s actions in Venezuela. In addition to the many college professors and social justice warriors who praised Chavez, Chavez also received praise from Sean Penn, Oliver Stone, Naomi Campbell, Michael Moore, Don King, Noam Chomsky, and Danny Glover.

The things detailed in Sanders’s plan sound a lot like the things that Chavez was talking about when he started implementing his policies. Before Chavez died, he personally chose Nicolas Maduro to be his successor. Since Chavez died in 2013, Maduro has been continuing Chavez’s policies.

The results of these policies in Venezuela have been horribly disastrous.

For example, in May 2017, the Washington Post reported:

In a recent survey of 6,500 Venezuelan families by the country’s leading universities, three-quarters of adults said they lost weight in 2016 — an average of 19 pounds… a level of hunger almost unheard-of outside war zones or areas ravaged by hurricane, drought or plague.

Then in February 2018, Reuters reported:

Venezuelans reported losing on average 11 kilograms (24 lbs) in body weight last year… according to a new university study…

That’s 43 pounds in two years.

You can read all about how this came to be in my blog post.

And then you can read about Sander’s proposals in his very long and detailed article on his website. (Original, archive.)

Just as huge numbers of progressives and other left wingers in the U.S. had praised Chavez’s policies, a lot of these same people are now praising Sanders’s proposals.

Both Chavez’s and Sander’s policies have massive government takeovers of the agricultural, energy, transportation, manufacturing, construction, and steel industries. Both plans involve replacing the free market with government control.

What makes Sanders think that the results of his policies would be any different than the results of the policies of Chavez and Maduro?

In fact, Sanders actually said that it was a “good thing” when people have to wait in line for food.

These are Sanders’s exact words:

“It’s funny, sometimes American journalists talk about how bad a country is, cause people are lining up for food. That’s a good thing! In other countries people don’t line up for food: the rich get the food and the poor starve to death.”

You can see and hear Sanders saying those words in this video:

https://www.youtube.com/watch?v=zJBjjP8WSbc

Here’s a photograph from 2014 of people in Venezuela waiting in line for food: (posted here under fair use from http://www.businessinsider.com/long-food-lines-are-in-venezuela-2014-2 )

Sanders also said the following:

“You don’t necessarily need a choice of 23 underarm spray deodorants or of 18 different pairs of sneakers when children are hungry in this country.”

Well, as it turns out, the policies of Chavez and Maduro have caused a shortage of both deodorant and shoes in Venezuela.

Sanders has repeatedly criticized the existence of “millionaires and billionaires.” (Although he stopped doing so after the New York Times reported that he was one of them.)

Sanders defended his own millionaire status by saying the following:

“I wrote a best-selling book. If you write a best-selling book, you can be a millionaire, too.”

I agree with Sanders.

But here’s the difference between what I believe and what Sanders believes: I believe that it’s a good thing when any person becomes a millionaire or billionaire by providing their customers with the goods and services that their customers choose to buy. By comparison, the only person whose millionaire or billionaire status Sanders has ever defended is his own.

Chavez and Maduro managed to scare many of the millionaires and billionaires, as well as their capital, investment, skills, innovation, and jobs, out of Venezuela. And when Chavez and Maduro scared away those millionaires and billionaires, they also scared away the production of the goods and services that those millionaires and billionaires had been engaged in.

Sanders wants to “break up big agribusinesses” and encourage “urban, rural, and suburban Americans” to “transform their lawns into food-producing … spaces.”

Chavez seized more than 10 million acres of farmland from private owners, and now Maduro is encouraging everyone to grow their own food.

The industrial revolution was powered by fossil fuels. Before the industrial revolution, 90% of people in the U.S. were farmers. Today, with the use of fossil fuels as both fertilizer and fuel, it only takes 2% of the U.S. population to feed the entire country. Truck drivers whose trucks are powered by fossil fuels then transport that food to the other 98% of the population.

Chavez reversed that trend in Venezuela, and now Sanders wants to do the same thing in the U.S. Just as the Venezuelan government took over big agribusiness and is now encouraging everyone to grow their own food, Sanders wants to do the same thing in the U.S.

Sanders wants to replace private automobile ownership with mass transit, even in “rural communities.” While I myself think that mass transit in densely populated cities is a great thing, I also understand that it’s not practical in “rural communities” with much lower population densities.

Chavez and Maduro caused sales of new cars to fall by 99.4%.

Sanders said:

“I favor the public ownership of utilities, banks and major industries.”

CNN reported that Sanders was in favor of nationalizing

“the energy industry, public ownership of banks, telephone, electric, and drug companies and of the major means of production such as factories and capital”

Chavez nationalized all of those things, and it destroyed each and every one of them. Venezuela now has long term, chronic shortages of pretty much everything.

In 2011, Sanders published the following on his official U.S. Senate website: (Original, archive.)

“These days, the American dream is more apt to be realized in South America, in places such as Ecuador, Venezuela and Argentina”

Of course, Sanders didn’t explain why so many Venezuelans have fled the country and relocated in the U.S.

Sanders also didn’t explain why no one in the U.S. is moving to Venezuela for these so-called better opportunities.

Sanders wants to get rid of fossil fuels.

Chavez and Maduro waged war against the oil industry, and now Venezuela has frequent blackouts.

After Chavez took over the country’s oil industry, he did such a terrible job of running it that he actually managed to create a shortage of gasoline in a country that has some of the world’s biggest oil reserves.

And that reminds me of this quote from Milton Friedman:

“If you put the federal government in charge of the Sahara Desert, in 5 years there’d be a shortage of sand.”

So, to summarize:

1) Sanders said that it’s a “good thing” when people have to wait in line for food.

2) Sanders said that people have too many choices when it comes to deodorant and shoes.

3) Sanders hates millionaires and billionaires (not withstanding the singular exception of himself).

4) Sanders wants to replace the free market with government control of the agricultural, energy, transportation, manufacturing, construction, and steel industries.

5) Sanders wants to replace large scale, industrial farms with urban gardens where everyone grows their own food.

6) Sanders wants to reduce private ownership of automobiles, even in rural areas with low population densities, where mass transit is not practical.

7) Sanders wants to nationalize major industries.

8) After Chavez had already adopted many of his own destructive policies, Sanders specifically cited Venezuela as being better than the U.S.

The more and more that Sander’s proposals get examined, the more and more it becomes apparent that they resemble those of Chavez and Maduro.

Bernie Sanders wants to do the same things to the U.S. that Hugo Chavez and Nicolas Maduro did to Venezuela.

September 3, 2019. Tags: , , , . Bernie Sanders, Economics, Venezuela. Leave a comment.

Hypocrite liberals who claim to care about illegal immigrants are against letting them live in their own neighborhood

Now this is just rich.

A bunch of liberal Democrats who live in the Washington D.C. area, and who claim to care about illegal immigrants, are trying to prevent the construction of new shelters for them in their own neighborhood.

The Washington Post recently reported:

… nearly uniform outcry from Washington-area politicians incensed at federal plans to build new shelters for migrant children in Northern Virginia and the District . The shelters, state-licensed and similar to scores across the county in operation since before President Trump took office, would help move migrant children out of squalid, cramped Border Patrol stations near the U.S.-Mexico border. They would provide a way station for unaccompanied minors while federal officials seek to place them with U.S.-based relatives or foster families.

But local politicians, nearly all Democrats, have balked at cooperating with federal authorities on any immigration matter. They have denounced the proposed new shelters with objections that smack of NIMBYism masquerading as humane concern for children. This month, the administration of D.C. Mayor Muriel E. Bowser (D) enacted emergency rules that blocked a planned federal shelter.

There are currently some 8,700 minors, mainly teenagers, housed in about 170 such shelters nationwide. For most, the stay in those facilities is relatively brief — on average, a little more than six weeks, until the Office of Refugee Resettlement, an agency of the Department of Health and Human Services, places them with relatives or foster families. Those facilities had insufficient beds to handle the surge of unaccompanied minors who crossed the border earlier this year, hence the appalling images of children stuck in jam-packed Border Patrol outposts and emergency detention centers.

By building new shelters, the government would add future capacity to avoid such bottlenecks and terrible conditions in the event of another spike in border crossings.

… Existing shelters, scattered in 23 states including Virginia, provide a range of services, including English instruction, health care, counseling, access to legal aid and recreation — just as they did during the Obama administration.

The opposition does not withstand scrutiny… By blocking them, local officials would become part of the problem by contributing to future logjams and inhumane conditions at the border. That’s a bad outcome for those who profess to care about treating immigrants humanely.

Shame on these hypocrite liberal Democrats!

August 29, 2019. Tags: , , . Immigration. Leave a comment.

When Bill Maher dies, I hope that he is very old, free from pain, happy, sexually satisfied, and high on all of his favorite drugs

Bill Maher just said the following about David Koch:

“I’m glad he’s dead and I hope the end was painful.”

You can see Maher saying those words, and other things about Koch, in this video: (skip to 3:06)

https://www.youtube.com/watch?v=ytQXasWZe5Q

I have always enjoyed listening to Maher’s political commentary (and that includes the many times that I have disagreed with him), and I will continue to do so. I don’t have cable TV, but I do watch him on his YouTube channel at this link.

When Bill Maher dies, I hope that he is very old, free from pain, happy, sexually satisfied, and high on all of his favorite drugs.

I also hope that everyone else who dies, regardless of their political views or affiliation, will do so in whatever condition it is that causes them to feel peace, joy, happiness, and comfort.

August 24, 2019. Tags: , , , . Politics. 1 comment.

How Obamacare blew up the student loan crisis

https://www.washingtonexaminer.com/opinion/how-obamacare-blew-up-the-student-loan-crisis

How Obamacare blew up the student loan crisis

July 2, 2019

Sen. Elizabeth Warren wants to cancel student loan debt for 95% of debtors. Fellow 2020 hopeful Sen. Bernie Sanders wants to cancel all of it. What they and every other statist and socialist eager to default on trillions owed to taxpayers forget that President Barack Obama nationalizing student loans brought us to this catastrophe in the first place.

Lost in the kerfuffle and fuming of the Affordable Care Act’s passage in 2010 was the Health Care and Education Reconciliation Act, signed into law just seven days after Obamacare. Half of the act consisted of small and otherwise innocuous amendments to the ill-fated Affordable Care Act, but the other half, Title II, radically overhauled the country’s student loan industry, replacing federally backed bank loans with direct government lending.

The private student loan industry was already dysfunctional and never truly private. The largest private student loan lender, Sallie Mae, originated as a government-sponsored lender, and the government-subsidized market only emerged out of a small but much older federal student loan market. But Title II replaced a mess with a nightmare.

Universities took advantage of the new, easier loan requirements to raise tuition rates still further. From 1995 to 2012, the average tuition at a 4-year private college had risen by 30%. In the following four years alone, it spiked by another than 12%. Researchers at the New York Federal Reserve Bank famously found in 2015 that the pass-through effect of subsidized federal student loans on tuition raised rates by 60 cents for every dollar of loans spent. Although lefty politicians love to hate on fraudulent for-profit schools and blame them for the problem, only 9% of all college students in the country attend for-profit institutions. More to the point, nonprofits still act like for-profits anyway.

For decades, student loan debt had remained in the low hundreds of billions, but during Obama’s presidency, it exploded from $150 billion to more than $1 trillion, the overwhelming majority of which is owed to the government. As student loan debt continues to spiral upward, the federal government’s revenue streams for the programs are becoming more tenuous than ever. For instance, the Department of Education has found that income-driven repayment plans, which allow lower-income borrowers to dodge payments and receive complete debt forgiveness 25 years after the loan initiation, increased by 625% alone.

Now Sanders and Warren want to erase the whole thing with a magic wand and nationalize the colleges’ tuition-hiking scam.

On a moral level, canceling student debt more or less translates to defrauding taxpayers. On a practical level, it defeats whatever incentive structure we’ve attempted to build into the loan process. Whereas home loans are secured by houses as collateral, debtors can’t exactly take your brain away when you default. To send a message both to students and colleges that loans constitute free cash will then only exacerbate the tuition crisis we face.

The federal government set the stage for this problem, exacerbated it by subsidizing and regulating private student loans, and finally sent it into a trillion dollar tailspin by nationalizing the whole mess. If the past serves as any lesson, the government’s best bet is to get out of this imploding industry entirely and refocus on forcing colleges to get some skin in the game.

August 15, 2019. Tags: , , , , . Barack Obama. 2 comments.

Bodyguard for CNN’s April Ryan attacks journalist covering her event

https://www.youtube.com/watch?v=V1vnTuVxwV4

August 15, 2019. Tags: , , , . Media bias. Leave a comment.

Trump gives early release to violent criminals and sex offenders

https://www.foxnews.com/politics/dozens-of-violent-criminals-have-been-released-under-first-step-act-data-shows

Violent criminals and sex offenders released early due to ‘First Step Act’ legislation

July 23, 2019

More than a hundred violent criminals and sex offenders have been released under the First Step Act, President Trump’s signature bipartisan criminal justice reform package, according to data from an administration official provided to Fox News on Monday.

The data, first obtained exclusively by “Tucker Carlson Tonight,” seemingly contradicted promises from lawmakers and the White House that the legislation would largely affect only prisoners sentenced for minor drug-related offenses. Of 2,243 inmates released under the First Step Act, only 960 were incarcerated for drug-related offenses.

On the other hand, 496 were in prison for weapons/explosives-related crimes, 239 for sex offenses, 178 for fraud/bribery/extortion, 118 for burglary/larceny and 106 for robbery, according to the data.

Another 59 were imprisoned over homicide/aggravated assault, 46 for immigration-related offenses, nine for counterfeiting/embezzlement and two for national security reasons.

In all, 2,023 of the inmates were male, while only 211 inmates were female. 1,017 of the 2,243 inmates are black, while 1,129 are white, 62 American Indian and 35 Asian/Pacific Islander.

The Justice Department announced last Friday that 3,100 federal inmates were being released as part of the First Step Act, which has been heralded by Sen. Cory Booker, D-N.J., as a start to righting a “broken” criminal justice system that has “disproportionately harmed communities of color.”

Nevertheless, on Tuesday, special assistant to the president Ja’Ron Smith told “Tucker Carlson Tonight” that many of the violent inmates would shortly have been released regardless of the First Step Act.

WHAT ARE THE PROVISIONS OF THE FIRST STEP ACT?

Several hundred of the 3,100 released inmates were transferred into Immigration and Customs Enforcement (ICE) custody or state prisons, which accounts for the discrepancy from the 2,243 figure provided by the administration official.

Speaking on “Tucker Carlson Tonight,” Louisiana Republican John Sen. Kennedy, who was one of a handful of lawmakers to oppose the bill, said the numbers were predictable.

“Good intentions sometimes have nothing to do with actual consequences,” Kennedy told Carlson. “We were told that this would only allow low-level, nonviolent criminals to go free. I didn’t believe it, and I didn’t believe it because I read the bill. And now we find out that in the first traunch of prisoners let free, 500 committed weapons or explosive crimes, 250 committed sex crimes, I think there were 60 or 70 that were guilty of homicide or aggravated assault. And those are not low-level, nonviolent criminals.”

Kennedy went on to describe the leadup to the bill as a “complete lie.” He said he had offered an amendment that would have required victims to be notified about inmates’ release, but that it was vetoed.

“To me, this is pretty simple,” Kennedy said. “I believe in the Kantean definition of justice. C.S. Lewis talked about it. Saint Augustine talked about it. Justice exists when people get what they deserve. Justice is not necessarily deterrence, or rehabilitation, though that can be a byproduct.”

Kennedy added: “And I don’t know why it is, Tucker — if I make it to heaven, I’m going to ask — but there are some people in this world, they’re not mixed up, they’re not confused, they’re not sick, it’s not a question that their mama or daddy didn’t love them enough.

“They’re just bad. And when they commit criminal acts, justice required they be punished.”

At the State of the Union address earlier this year, Trump touted the First Step Act as a major breakthrough focusing on nonviolent offenders.

“This legislation reformed sentencing laws that have wrongly and disproportionately harmed the African-American community,” Trump said. “The First Step Act gives nonviolent offenders the chance to reenter society as productive, law-abiding citizens. Now, states across the country are following our lead. America is a nation that believes in redemption.”

Last week, the DOJ published new standards to identify other inmates who may be eligible for “good time” releases under the law.

“Starting today at prisons around the country, nearly 3,100 inmates are being released from BOP (Bureau of Prisons) custody due to the increase in good-conduct time applied to reduce their sentences under the First Step Act,” Deputy Attorney General Jeffrey Rosen told reporters.

The move marked the largest group to be freed so far under a clause in the First Step Act that reduces more sentences due to “earned good time.”

In addition to reuniting with their families, the formerly incarcerated citizens could obtain employment opportunities announced by Trump last month at the White House as part of the “Second Chance” hiring program.

The department said last week it would move $75 million in existing resources to fund the bill in the 2019 fiscal year, and launch a new “risk and needs assessment system designed to assess inmates’ risks of recidivism and to identify their individualized needs to reduce their risks of re-offending.”

Meanwhile, the bill’s retroactive application of the 2010 Fair Sentencing Act has so far resulted in 1,691 sentence reductions, the department said in a press release. The 2010 Act reduced the difference between sentences for crack cocaine and powder cocaine possession at the federal level, in a bid to reduce the racial disparity in resulting incarcerations.

Other provisions in the First Step Act ease mandatory minimum sentences under federal law. For example, the legislation reduces the “stacking” of drug offenses to drive up sentences, and prescribes 25-year terms, rather than life terms, for many “third strike” crimes.

August 12, 2019. Tags: , , , . Donald Trump, Violent crime. Leave a comment.

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