Leftwing helps itself to TARP, bailout booty … The same left-wing groups (like ACORN) who complained that bailout companies shouldn't be awarding bonuses to their executives, might be getting their hands on some of the bailout money according to one senator. CNBC's Larry Kudlow asked Sen. James Inhofe, R-Okla., about that possibility on his April 22 program. The senator had sent out a press release the same day which said ACORN, Friends of the Earth, Planned Parenthood, the Natural Resources Defense Council and Conservation International Foundation, could be receiving TARP funds, at least indirectly. The Oklahoma Republican said the ideology of the people running the country in Congress and the presidency makes it possible for money to get to these groups from beleaguered TARP-receiving institutions. "Well, I tell you what I think about it," Inhofe said. "The problem is we have a majority of liberals running the House and the Senate and the White House right now. And their mentality is you want to micromanage companies, we want to make sure that money gets to the groups that support us." "Now we find out that Geithner was back behind this thing all the time, too," Inhofe said. "So it's that crowd, they actually put money – do you remember what they said, they promised they would use this money to buy damaged assets. They didn't buy one damaged asset. They lied to Congress." (businessandmedia.org)
Latin communists predict surge in U.S. funeral industry … Guess it's time to pack it in, guys. The heads of state of Bolivia, Cuba, Dominica, Honduras, Nicaragua and Venezuela have all declared that capitalism is, and I quote "leading humanity and the planet to extinction." If we wanted to lead humanity and the planet to extinction, we have no shortage of examples from the 20th century on what to do. We'd just adopt straight-out socialism (rather than the watered down version we have now). Let's take a quick tally of democide in the 20th century. This excludes war casualties, and reflects the number of citizens killed by their own government (from U. of Hawaii historian R.J. Rummel's website): China (1949-1987) 76,702,000 • U.S.S.R (1917-1987) 61,911,000 • Germany (1933-1945) 20,946,000 • Total 159,559,000. One thing that all of these governments had in common (besides leading humanity to extinction) is that they were virulently anti-capitalist. Most of them produced documents similar in moral and tone to the one these jokers just published, blaming capitalism for everything under the sun. That is, until they took power, and began killing everything under the sun, including (and especially) their constituents. The majority of the above deaths were from starvation, an incredibly inhumane way to die. Why starvation? They took food production out of the market pricing mechanism, which resulted in shortages and rationing. Capitalism means the freedom to exchange goods and services based on mutual benefit, and has resulted in the largest explosion of wealth creation and life expectancy since the big bang or whichever day it was that god created earth (depending on your superstition). I do sympathize with a few points from the memo - but of course the authors have it completely backwards. War and Imperialism (despite Lenin's protests) are not extensions of capitalism, but government acts which can only be undertaken at the expense of the capitalist economy, financed through taxation or inflation. Our economy would be much more capitalistic (and much, much healthier) if we abandoned our overseas bases and adventures and let individuals decide what they wanted to do with their share of the defense budget. Capitalism is the absence of government. Don't these people read their Rothbard? There are many very real problems that we face. Abandoning capitalism and the free market will exacerbate all of them. With regard to Hugo Chávez and his entourage, Clint Eastwood (libertarian) said it best: "A guy like him should shut his face." (examiner.com)
Union-backed, tax-funded fraud group survives condemnation … ACORN, the community activist group embroiled in controversy over its voter registration practices during the presidential campaign, caused one of the livelier discussions at the Pennsylvania Association of Township Supervisors' annual conference last week in Derry Twp. A resolution calling for ACORN — the Association of Community Organizations for Reform Now — to disband was narrowly defeated, but not before several supervisors stood up to condemn the organization. In a related resolution, also defeated, the Lycoming County contingent asked the organization to seek legislation to prohibit tax dollars from being used by nonprofit agencies to perform a government function like voter registration. The resolutions committee had recommended against action on either resolution, saying it is not a township issue. During the presidential election, some ACORN employees were accused of fraudulently registering voters. ACORN officials, however, said those registration forms were flagged as suspicious and those voters did not make it on to voter lists. (pennlive.com)
ACORN, LWV fight oppressive U.S. Supreme Court anti-fraud rule … The bills attack grass-roots groups that lead mass voter registration drives, which usually benefit Democrats. Behind the move is anger at the Association of Communities Organized for Reform Now, the liberal group accused by many Republicans - but not Florida Secretary of State Kurt Browning - of fraud while signing up more than 1 million new voters nationwide before the November election in which President Obama carried Florida. Instead of 10 days to submit registrations, the House bill would allow two. Groups like ACORN would have to register. Fines would increase tenfold. "Those fines can put organizations like ours out of business," said Pamela Goodman, past president of the nonpartisan League of Women Voters of Palm Beach County. Senate Majority Leader Alex Diaz de la Portilla, R-Miami, argued that the bills are meant to eliminate voter fraud. (palmbeachpost.com)
Unchecked power: In the short run is it OK for democracy? … The African National Congress came within a whisker of receiving a two-thirds majority in the national election, according to the IEC results system. The party received 65,90 percent of the 17,680,729 valid votes cast. The Democratic Alliance, the official opposition party, received 16.66 percent of the votes, with 2,945,829 South Africans backing the party. Reacting to the final results, United Democratic Movement leader Bantu Holomisa said his party was concerned about the "looming spectre of a near two-thirds majority". He said the major win brought with it an arrogance of power. "One-party dominance is not healthy for democracy in the long run." (themercury.co.za)
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