Category Archives: Goldman Sachs

We Already Know how to Stop School Shootings…Concealed Carry!

wakeup2012
By Ann Coulter
December 19, 2012
In the wake of a monstrous crime like a madman’s mass murder of defenseless women and children at the Newtown, Conn., elementary school, the nation’s attention is riveted on what could have been done to prevent such a massacre.

Luckily, some years ago, two famed economists, William Landes at the University of Chicago and John Lott at Yale, conducted a massive study of multiple victim public shootings in the United States between 1977 and 1995 to see how various legal changes affected their frequency and death toll.

Landes and Lott examined many of the very policies being proposed right now in response to the Connecticut massacre: waiting periods and background checks for guns, the death penalty and increased penalties for committing a crime with a gun.

None of these policies had any effect on the frequency of, or carnage from, multiple-victim shootings. (I note that they did not look at reforming our lax mental health laws, presumably because the ACLU is working to keep dangerous nuts on the street in all 50 states.)

Only one public policy has ever been shown to reduce the death rate from such crimes: concealed-carry laws.

Their study controlled for age, sex, race, unemployment, retirement, poverty rates, state population, murder arrest rates, violent crime rates, and on and on.

The effect of concealed-carry laws in deterring mass public shootings was even greater than the impact of such laws on the murder rate generally.

Someone planning to commit a single murder in a concealed-carry state only has to weigh the odds of one person being armed. But a criminal planning to commit murder in a public place has to worry that anyone in the entire area might have a gun.

You will notice that most multiple-victim shootings occur in “gun-free zones” — even within states that have concealed-carry laws: public schools, churches, Sikh temples, post offices, the movie theater where James Holmes committed mass murder, and the Portland, Ore., mall where a nut starting gunning down shoppers a few weeks ago. Read More »

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December 20, 2012 · 9:06 am

Prosperity: US Drops Out of Top Ten and Behind Even Conservative Led Canada

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Prosperity: US Drops Out of Top Ten
Via InstaPundit, we learn that for the first time, the United States does not rank as one of the world’s ten most prosperous nations, as rated by London’s Legatum Institute. The authors of the report found that the U.S.’s slippage is being driven by “a decline in the number of US citizens who believe that hard work will get them ahead.” Well, they’re right: in Barack Obama’s America, hard work doesn’t cause you to get ahead; being politically connected does. We are all paying the price for the corruption of the Age of Obama.

Consistent with this finding is the fact that for the first time in history, the average Canadian is wealthier than the average American. Canada has a conservative government, and they have passed us like we are standing still. Which we are, at best.

All of which raises the question: do Barack Obama and his minions want America to be one of the world’s ten most prosperous countries? If you believe, as I do, that actions speak louder than words, the answer is No.

Image courtesy of Shutterstock.

Recommend this Power Line article to your Facebook friends.

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Filed under Corrupt US Financial System, dumb and dumber, Goldman Sachs, Illegal Aliens, Labor Unions, Liberals and Progressives, Obama, OWS, The Corrupt Democrat Party, The Global Banking System, Uncategorized

Wealth Confiscation…Democrats Target Private Retirement Accounts… Hearings Going on NOW!

Dems Target Private Retirement Accounts

Wednesday, March 30, 2011 at 2:26PM

By Karen McMahan – Guest Contributor

RALEIGH, NC – Democrats in the U.S. House have been conducting hearings on proposals to confiscate workers personal retirement accounts including 401(k)s and IRAs and convert them to accounts managed by the Social Security Administration. ARE YOU FREAKING KIDDING ME?

Triggered by the financial crisis the past two months, the hearings reportedly were meant to stem losses incurred by many workers and retirees whose 401(k) and IRA balances have been shrinking rapidly. The testimony of Teresa Ghilarducci, professor of economic policy analysis at the New School for Social Research in New York, in hearings Oct. 7 drew the most attention and criticism. Testifying for the House Committee on Education and Labor, Ghilarducci proposed that the government eliminate tax breaks for 401(k) and similar retirement accounts, such as IRAs, and confiscate workers retirement plan accounts and convert them to universal Guaranteed Retirement Accounts (GRAs) managed by the Social Security Administration.

Rep. George Miller, D- Calif., chairman of the House Committee on Education and Labor, in prepared remarks for the hearing on The Impact of the Financial Crisis on Workers Retirement Security, blamed Wall Street for the financial crisis and said his committee will strengthen and protect Americans 401(k)s, pensions, and other retirement plans and the Democratic Congress will continue to conduct this much- needed oversight on behalf of the American people.

Currently, 401(k) plans allow Americans to invest pretax money and their employers match up to a defined percentage, which not only increases workers retirement savings but also reduces their annual income tax. The balances are fully inheritable, subject to income tax, meaning workers pass on their wealth to their heirs, unlike Social Security. Even when they leave an employer and go to one that doesn’t offer a 401(k) or pension, workers can transfer their balances to a qualified IRA.

Mandating Equality Ghilarduccia’s plan first appeared in a paper for the Economic Policy Institute: Agenda for Shared Prosperity on Nov. 20, 2007, in which she said GRAs will rescue the flawed American retirement income system (www.sharedprosperity.org/bp204/bp204.pdf).

The current retirement system, Ghilarducci said, exacerbates income and wealth inequalities because tax breaks for voluntary retirement accounts are skewed to the wealthy because it is easier for them to save, and because they receive bigger tax breaks when they do.

Lauding GRAs as a way to effectively increase retirement savings, Ghilarducci wrote that savings incentives are unequal for rich and poor families because tax deferrals provide a much larger carrot to wealthy families than to middle-class families and none whatsoever for families too poor to owe taxes.

GRAs would guarantee a fixed 3 percent annual rate of return, although later in her article Ghilarducci explained that participants would not earn a 3% real return in perpetuity. In place of tax breaks workers now receive for contributions and thus a lower tax rate, workers would receive $600 annually from the government, inflation-adjusted. For low-income workers whose annual contributions are less than $600, the government would deposit whatever amount it would take to equal the minimum $600 for all participants.

In a radio interview with Kirby Wilbur in Seattle on Oct. 27, 2008, Ghilarducci explained that her proposal doesn’t eliminate the tax breaks, rather, than just rearranging the tax breaks that are available now for 401(k)s and spreading the wealth.

All workers would have 5 percent of their annual pay deducted from their paychecks and deposited to the GRA. They would still be paying Social Security and Medicare taxes, as would the employers. The GRA contribution would be shared equally by the worker and the employee. Employers no longer would be able to write off their contributions. Any capital gains would be taxable year-on-year. Analysts point to another disturbing part of the plan. With a GRA, workers could bequeath only half of their account balances to their heirs, unlike full balances from existing 401(k) and IRA accounts. For workers who die after retiring, they could bequeath just their own contributions plus the interest but minus any benefits received and minus the employer contributions.

Another justification for Ghilarduccia’s plan is to eliminate investment risk. In her testimony, Ghilarducci said, humans often lack the foresight, discipline, and investing skills required to sustain a savings plan. She cited the 2004 HSBC global survey on the Future of Retirement, in which she claimed that a third of Americans wanted the government to force them to save more for retirement.

What the survey actually reported was that 33 percent of Americans wanted the government to force additional private savings, a vastly different meaning than mandatory government-run savings. Of the four potential sources of retirement support, which were government, employer, family, and self, the majority of Americans said self was the most important contributor, followed by a government. When broken out by family income, low- income U.S. households said the government was the most important retirement support, whereas high-income families ranked a government last and self first (www.hsbc.com/ retirement).

On Oct. 22, The Wall Street Journal reported that the Argentinean government had seized all private pension and retirement accounts to fund government programs and to address a ballooning deficit. Fearing an economic collapse, foreign investors quickly pulled out, forcing the Argentinean stock market to shut down several times. More than 10 years ago, nationalization of private savings sent Argentina’s economy into a long-term downward spiral.

Income and Wealth Redistribution

The majority of witness testimony during recent hearings before the House Committee on Education and Labor showed that congressional Democrats intend to address income and wealth inequality through redistribution.

On July 31, 2008, Robert Greenstein, executive director of the Center on Budget and Policy Priorities, testified before the subcommittee on workforce protections that from the standpoint of equal treatment of people with different incomes, there is a fundamental flaw in tax code incentives because they are provided in the form of deductions, exemptions, and exclusions rather than in the form of refundable tax credits. Even people who don’t pay!

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Filed under 2012 Presidential Election, Conspiracy Theory, Corrupt US Financial System, dumb and dumber, Election Fraud, Executive Orders, Goldman, Goldman Sachs, Uncategorized

The Left’s Obsession with THE BIG LIE!

The Left’s Obsession with THE BIG LIE!
I solved the problem …I have unwound the deadlock and discovered the nature of its genesis in the graveyards and ruins of discarded and debunked liberal ideas. The reason Ronald Reagan said “it’s not that the democrats don’t know anything …it’s that they know so much that just isn’t so” …is because for years conservatives and libertarians have called the left out …fed them facts and figures refuting their claims …over and over and over again …and when they are presented with evidence that their worldview is based upon flawed and manufactured nonsense they get aggressive and abusive but more importantly they act as though you are speaking Japanese and completely ignore it

Its one thing to believe nonsense and it’s another thing entirely to disseminate it. The big lie is the left wing battle cry …it’s their secret handshake …it’s etched into their psyche … and on the tip of every leftwing tongue…“The GOP is the party of the 1% …the party of Wall Street and Big Corporations and they are all stealing everything you have! The surprising part is …people believe what they want to believe, and they believe this to the extent that no amount of evidence to the contrary will shake their loyalty to the big lie. After all, isn’t the fear of loss a stronger emotional motivator than the desire for gain? By supplying this mythical enemy (The Top 1%) …then telling people that it’s the GOP who is the party of the 1% and wall street (Both extremely provable lies) they are then free to load all of blame for their failed policies, stupid ideas, 9%+ unemployment, etc .etc etc ..Onto the backs of the Judas goat GOP and cast them all out… once again avoiding all responsibility for what they have done..

CONSIDER THIS CASE STUDY I PERFORMED LAST WEEK AT A LEFTWING ‘PROGRESSIVE’ BLOG
Written without a care in the world for the facts or the truth “Diogenes” (the man who has been quoted as saying “if there is one thing I know it’s my own ignorance…a suiting name indeed) showcases the lefts immoral and irrational death grip on the “Big Lie” like no other post I have ever read consider these salient and dispositive excerpts:
https://politicalminacity.wordpress.com/2011/11/16/the-lefts-obse…th-the-big-lie/

“The Republican Party has long been a minority party – the party of the One Percent – despite trumpeting itself as the “Silent Majority” and the “New Majority.”

Nikita Khrushchev, as I recall, once thought that the Democratic Party was the natural ruling party of America. (My note: High praise indeed from a communist)

To put this in perspective, we need only look at disturbing trends – not only in the Republican philosophy of government – but in their political tactics. Deception, corruption and manipulation. Since then, the Republican playbook has clearly been based on divide-and-conquer tactics. Fear-mongering, distrust and enmity toward the “other” is the order of the day. Damn the liberals, Democrats, immigrants, people of color, politically active women, NOW, ACORN, the Tri-lateral Commission, gun control advocates and on and on. (Projection…You think?) All demonized and held up to scorn by a legion of talking heads from Rush Limbaugh and Michael Savage to Sean Hannity.

The combination of Fox News and conservative talk radio has created a Republican echo chamber in which “facts” are transmitted only after they have been filtered and embellished by a host of talking heads. Almost always, these facts are lies, distortions or gross exaggerations. But then, propaganda does not require truth. It requires impact.

The overseers of the Republican Party – the ultra rich and various whole industries from Wall Street and international oil to health care and pharmaceutical interests – pay vast sums of money to control information and manipulate the electorate. Wealth-class propaganda

How does the One Percent control the Republican Party – money and lots of it. Corrupting politicians by means of campaign contributions and promises of future riches is not confined to Republicans of course, but it is part of the conservative fabric. That fabric is stronger than ever in the age of the Super Pac – grand old political slush funds activated by anonymous donors.
Thanks to the Citizens United case, decided by radical conservatives, we suffer under the destructive assertions that corporations are people and money is speech.

To this we add their stubborn obstruction in Congress where they have a majority. They are now truly the Party of No. Republican tactics and innovations do nothing less than undermine and subvert our democracy. Their agenda is clear: Preserve, protect and advance the interests of the financial elite and large corporations

The One Percent and the party it rules has overreached and America is waking up. “
WOW! Let’s break this down into bite sized chunks of wrong thinking …
Diogenes and The Big Lie say:

“The Republican Party has long been a minority party – the party of the One Percent” Meaning the GOP is the party of only the top 1% The Republican Party has long been a minority party – the party of the One Percent 1% of the wage earners in the country.”

Now let’s look at the facts:
Not only is it intuitively absurd …it’s also equally challenged for factual legitimacy. When we talk about the top 1% we are no longer talking about the ‘other evil rich people’, the ones who make 250k or above …no we are talking about the stinky rich… you know …the type who hang out on the Forbes 100 list … So let’s take a look at that list shall we? Here are the top 25 or so… Now who is the party of the 1% …the party of Wall Street …The Party of GE and the party of corporate America… always follow the money because when you do you will find Democrat politicians with one hand out and the other hand selling their votes and souls

DEMOCRATS
D-Bill Gates 56 Billion
D- Warren Buffett $50.0 billion
D- Lawrence Ellison $39.5 billion
D- Jim Walton 20.1 billion
D- Alice Walton 20 billion
D- S. Robson Walton 20 billion
D- Michael Bloomberg 18 billion (was a D for 20 yrs then became a RINO and is now an I)
D- Larry Page – Google – 15 billion
D- Sergey Brin – Google – 15 million
D- Sheldon Adwelson – 14.7 billion
D- George”Spooky Dude” Soros – Crime Inc,.14.2 billion
D- Mark Zuckerberg $13.5 billion
D- Dustin Moskovitz $2.7 billion
D- Sean Parker $1.6 billion
D- Peter Thiel $1.6 billion
D- Yuri Milner $1 billion
D- Eduardo Saverin $1.6 billion

REPUBLICAN
R- Michael Dell 14 billion
R- Charles Koch 21.5 billion
R- David KLoch 21.5 bllion

Progressives, even more so than liberals “have bought into ‘the big lie’ …hook line and sinker and there is no fact dispositive enough, and there is no argument compelling enough, to allow them to see the truth behind ‘the big lie

They completely ignore anything that doesn’t square with ‘the big lie’ because all of their arguments for all of their whiz bang gov’t programs and all of their income re-distributive ideas all require the big lie to be true. Imagine trying to start a class war with no rich people being vilified

Take this beautifully written post by Diogenes for example. When I read it thru the first time my jaw hit my desk in disbelief. I thought to myself “how can anyone believe this stuff …with the truth on these things so easy to access how is it possible to mis-quote reality so consistently and profoundly? Now I know …it’s because of the Big Lie.

What is the Big Lie?
The Big Lie is the lie from which most of their other incidents of wrong thinking flows…it is the belief that the GOP is the party of the rich. The Big lie is the GOP represents only the ‘wealth class”, the big big lie is that the GOP is in the pocket of Wall Street and Big Corporate America, the Big Lie is that all Fox news and Talk Radio report are lies (whenever I see someone say that they never bother to tell us all exactly what lies they are talking about or further attempting to provide any legitimacy to their barking) The Big lie is that the GOP is the overfunded political machine hell bent on instituting anti American ideologies on the unsuspecting citizenry…that they want to suppress the vote and kink the elections and that every time they find themselves in the majority it’s only because they managed to scare and confuse the electorate…and every time they vote according to the values and ideas their election to office was based upon then they are obstructionists and do nothings. But the heart and soul of the Big Lie (pabulum for the unproductive class) is that the GOP is only about money and Wall Street and greed and corporatism which they use to corrupt and subvert our way of life and values. Barf!

If the GOP is the terminal minority why do over 41% of Americans identify as conservatives (19% identify as liberals)

If the GOP is the party who exists to serve its Wall Street masters then why does Wall Street give most of its money to the Democrats?

If the GOP is responsible for the financial meltdown then why does left wing billionaire nutter George Soros keep saying this: “World financial crisis was “stimulating” and “in a way, the culmination of my life’s work.”

George Soros …fresh from enjoying the culmination of his life’s work (wrecking the US economy he says) invests billions of dollars in Petrobas (Brazils big oil company) at the time this became his largest single position in any company … 3 months later US President Obama goes to Brazil and stimulates their economy and specifically Petrobas to the tune of 2 billion US tax dollars (in loan guarantees) so they can expand their offshore drilling shortly after Obama shut down all US Offshore drilling costing the US over 160,000 jobs. And the GOP is in the pocket of big oil and the Wall Street ultra rich? Are you freaking nuts?…This is just 1 out of literally 100′s of examples of Obama propping up America’s competition in service to his Wall Street and international financial masters IT’S NOT THE GOP THEY OWN IT’S THE DEMOCRATS!

When are common sense and the facts, based upon the reality we live in going to start to impacting the lefty’s obsession with the Big Lie?

Goldman Sachs is one of the biggest of the big players on wall street …there are no fewer than 24 top officials / czars/ cabinet members etc in the Obama administration drafted from the list of Goldman Sachs executives … yet the GOP is the party controlled by Wall Street? Give me a break! That’s a Big Lie!

Diogenes quotes Khrushchev’s perception of who the ruling party of the US should be…that’s not an endorsement to brag about, but he goes on to say: “The overseers of the Republican Party – the ultra rich and various whole industries from Wall Street and international oil to health care and pharmaceutical interests – pay vast sums of money to control information and manipulate the electorate” The only problem with that is it does NOT mesh well with reality “Of the 16 Big Wall Street firms who gave large sums of money during the 08 election 16 of them gave most of that money to Democrats!” Isn’t it amazing how facts always disprove what Liberals and progressives wish were true? In my earlier comment up thread I listed the richest 25 people in the US and only 3 of them are Republicans …that’s reality. Thinking that the GOP is the party of the “ultra rich” …that’s Big Lie fantasy.

He rightly complains about the corrupting influence of money in our elections ….he mistakenly tries to suggest that the GOP are the people guilty of using super pac money and big corporate money to buy elections. This is certainly consistent with the big lie but also at radical odds with reality. In the 08 election it was Obama who ‘changed his mind’ (aka he lied) when he agreed to stop raising money after the convention and accept the public finance money … The result was that Obama and the DNC spent almost 1 billion dollars buying the necessary votes in the must win states to win the election… outspending the “party of wealth and wall street” by 3-400 million dollars!

He thinks that GOP efforts to stop dead people, and illegal aliens from voting in our elections (for Harry Reid lol) are examples of the GOP kinking our otherwise fair and open elections. His short term memory has forgotten about the felony indictments and defunding of ACORN and the voter registration crimes they committed for the Democrat party in all 50 states. The are forgetting the cheating that occurred when George Soros decided to buy mouth breather and left wing pond scum Al Franken his US Senate seat. Guess that doesn’t mesh with the Big Lie.

When you didn’t think it could shovel any faster we get this: “The One Percent and the party it rules have overreached and America is waking up. That overreach has produced the Occupy Movement which focuses on a prime symptom of the American malaise – gross mal-distribution of wealth” which according to the big lie is believable …but according to reality and the facts (and all of those emails and occupiers who went on the news to tell the world they were being paid $100 a day to be there) is just not so!

And lastly this truly misleading and false claim: “It (the OWS) has produced an awakening in Wisconsin where Republican radicals were unceremoniously evicted from the state senate. It has produced the results we saw in Ohio and Maine and all over the nation on Tuesday night.” Reality says that in Wisconsin the recall efforts which took place before OWS was a failure with 4 of the 6 people targeted for recall keeping their jobs and the GOP keeping their majority. There was no “producing results all over the nation” last Tuesday …there was a vote on public employee unions in Ohio and that’s it!

I understand that the facts that refute every single justification which leads to his conclusions here will be ignored just as surely as if I had been writing in Japanese. To those of you on the left who think all of today’s evils come to us from the GOP and the right I say … ‘physician …heal yourself”

CEJ

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