Tuesday, July 22, 2003

Saddam's Two Sons Killed in U.S. Raid [AP World News] Given the government's history of repeatedly lying about things like this, I'll wait for additional confirmation. If it is true, it would be good news for the Iraqis. I suspect it won't be as good for the occupying forces as they would like, though. 3:04:27 PM    comment () The Abuses of Adversity. Another wacky story from California's $38 billion deficit follies. Yesterday, a group of lefty Democrats in Sacramento held a secret meeting to discuss how they could prolong the month-old budget impasse (the one that is beginning to shutter daycare centers and schools around the state), in order to score political points against Republicans, and popularize a union-backed initiative to amend the California Constitution so that the legislature could raise taxes with a 55 percent vote, instead of usual two-thirds. Unluckily for them, they forgot to turn off the intercom. The response from ringleader Jackie Goldberg, upon learning that other legislators were listening in to her plotting on their "squawk boxes"? "Oh [expletive], [expletive]." [Hit & Run] The linked article is in the Los Angeles Times, which requires registration. Since the impasse began the editorial page has been hammering the Republicans for their alleged obstruction--I wonder if they'll bother to acknowledge this in their propaganda? 10:31:46 AM    comment () Quote of the Week. "I think all foreigners should stop interfering in the internal affairs of Iraq." --Paul Wolfowitz [Hit & Run] A perfect example of "do as I say, not as I do." 10:25:32 AM    comment () Ron Paul's Texas Straight Talk - Federal Reserve Inflation Punishes Saving - I've never heard Dr. Paul say this in so many words, so I will. The Federal Reserve must die! Centralized planning is as disastrous in monetary affairs as in economic affairs. Just as Russian commissars could not determine prices or production levels in the absence of a free market, the Federal Reserve Board cannot determine the "proper" level for interest rates or the money supply. Our fiat currency and artificially low interest rates can only result in the deterioration of the U.S. dollar through inflation, which in the end will cause interest rates to rise no matter what the Fed says or does. Older Americans especially stand to suffer most from Mr. Greenspan's easy money policies. [End the War on Freedom] A good article, but it's worth pointing out that the Federal Reserve is only bad for savings in dollars. Savings in gold, however, are safe. 10:13:59 AM    comment ()

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