1.11.2009
1.10.2009
Feel-good story of the day
The Somali pirates who hijacked a Saudi oil tanker last year got their ransom payment...and then drowned making their getaway.
Innocence
A father asked his ten-year old son if he knew about the birds & the bees.
"I don't want to know," said the boy, bursting into tears. "Promise you won't tell me."
Confused, the father asked his son what was wrong.
The boy sobbed, "When I was six, I got the 'There's no Easter Bunny' speech. At seven, I got the 'There's no Tooth Fairy' speech. When I was eight, you hit me with the 'There's no Santa Claus' speech. If you're going to tell me that grown-ups don't really get laid, I'll have nothing left to live for."
From Mohawk Campfire.
"I don't want to know," said the boy, bursting into tears. "Promise you won't tell me."
Confused, the father asked his son what was wrong.
The boy sobbed, "When I was six, I got the 'There's no Easter Bunny' speech. At seven, I got the 'There's no Tooth Fairy' speech. When I was eight, you hit me with the 'There's no Santa Claus' speech. If you're going to tell me that grown-ups don't really get laid, I'll have nothing left to live for."
From Mohawk Campfire.
Ron Paul on Madoff
Zactly what I said:
Paul actually said this a few days ago, but I just found the video.
[H]aving agencies like the SEC gives people a false sense of security.
Kind of like the FDA and the Consumer Product Safety Commission. They don't really check for melamine in food or lead in toys from China. But they give the public a false sense of security: "Well, I know there's a government agency responsible for it somewhere, so it must be OK!"
Sure, there will always be Ponzi schemes. But they don't grow to $50 billion without government endorsement.
Paul actually said this a few days ago, but I just found the video.
1.09.2009
Atlas Shrugged
Stephen Moore in the Wall Street Journal:
The current economic strategy is right out of "Atlas Shrugged": The more incompetent you are in business, the more handouts the politicians will bestow on you. That's the justification for the $2 trillion of subsidies doled out already to keep afloat distressed insurance companies, banks, Wall Street investment houses, and auto companies -- while standing next in line for their share of the booty are real-estate developers, the steel industry, chemical companies, airlines, ethanol producers, construction firms and even catfish farmers. With each successive bailout to "calm the markets," another trillion of national wealth is subsequently lost. Yet, as "Atlas" grimly foretold, we now treat the incompetent who wreck their companies as victims, while those resourceful business owners who manage to make a profit are portrayed as recipients of illegitimate "windfalls."
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