Archive for June, 2011

June 26, 2011

June 26, 2011

Thomas G. Brown |

Libya and our Imperial President

The term imperial president was first used by author Arthur M. Schlesinger, Jr. as the title of his 1972 book The Imperial Presidency which pointed out since World War II that the Executive Powers have grown beyond their Constitutional powers. The Current President is the poster child of the title “Imperial President”. Bush lied to use to go to War in Iraq in 2004 and everyone thought that was the worst thing a President has ever done. Well, I guess Mr. Obama wanted to show us he could one up his neoconservative brethren with the “Non-War” we have going on it Libya. If you have been following any of the mainstream media you should know by now that President Obama sent our troops into battle on March 18, 2010 when we started to bomb the city of Tripoli through the United Nations. This was all done and is continued without any deference given to the Constitution and what it says about the war powers and the President. In Article I section 8 the Constitution clearly states the Congress has the power “To declare War, grant Letters of Marque and Reprisal, and make rules concerning Captures on Land and Water;”.

But he is not alone it the rise of the King in the United States. The Congress should shoulder an equal blame as they have given up their powers to address this issue and stop the war and reprimand the President for his illegal actions. Last week Congress voted to condem the actions of the President’s actions in entering the war in Libya without consulting with the Congress and then turned around and voted to continue to fund the war anyway. They where upset about the not consulting on this issue, WTF? These Congressmen should be angry and outraged that this President has taking their Constitutional power of declaring war away from them. But instead they pass a weak condemnation vote and end up funding the illegal actions instead. . This is the vote that defeated H.R. 2278 which would cut off funding for the Libyan conflict. An Aye vote is a vote to restore the Congressional Powers and cut funding a Nye is to allow the President to do what ever he wants regardless of the law.

June 20, 2011

Regulation does nothing but cost money

Thomas G. Brown |

Regulatory agencies do nothing but cost the American taxpayer, consumers, and businesses time and money. In addition it creates a false sense of security, a moral hazard. Let’s take the example Doug Casey mentioned an interview with Howe Street that I listened to this weekend. The Securities and Exchange Commission (SEC) cost the American public two billion dollars a year to operate. This alone should be a reason to dissolve this useless Federal agency.
Then there is the cost in attorneys and administrative costs that are incurred by businesses to comply with the ridiculous regulations that are dreamed up by this agency and the Congress. In addition there is a cost that companies incur when they have to enter into litigation if regulations are violated. These violations are subjective and often hard to define as the regulations are broadly written and often tough to define even by those charged with enforcing them.
The Regulations also increase the cost that investors must pay to purchase a share of a company that trades on the various exchanges. This is due false sense of security that the average investor gains from having the SEC around. They are lead to believe that the stocks of the companies on the exchanges traded in the US have be scrutinized by the SEC so that most of the work in investigating a company has already been done. As we have seen in the past with Enron, World Com and many other example despite the SEC accounting scams have been perpetrated on the investing public. The SEC didn’t do much to prevent the 2010 Bernie Madoff scam in fact it could be argued that because this agency put it’s stamp of approval on Mr. Madoff’s business he was able to sustain his criminal behavior for so long.
Another big problem with all this regulations is that they keep out many small firms who could have offered investors better opportunities for the investment of their money if not for the costs attached to compliance. Right no many large businesses that are poorly run or that participate in dubious practices attract capital due to the lack of competition that these regulations prevent. In short all of use would be better off without regulations and the agencies that oversee them. If a company performs badly we have contract laws that would solve these problems and the competition offered by more firms would allow the best run to survive and those who don’t to fall by the wayside. The one thing we can be sure that these regulations does well is to keep competition out!

June 16, 2011

Real Patriots Needed

Thomas G. Brown |

We need real Patriots again. Not folks who waive the flag and have yellow ribbons on their cars that support our troops. What we need are principled citizens to get more active and get involved in getting our government back under the Constitution. The TSA is now allowed to grope our girlfriends at the airport. The Federal Government is allowed to search through your banking, health, and gun records without probable cause or a warrant from a judge. The government is also now allowed to pick winners and losers in private sector as we have seen in the Bank and Car Industry’s bailouts with tax payer funds. Our government is stealing right out of your wallets the purchasing power of your pay check through their Quantities Easing policies. Enough is Enough Democrats, Republicans, Independents and all in between we must all work together to get our nation back.

June 14, 2011

End our war on the Economy

Thomas G. Brown |

Our wars in Iraq and Afghanistan have done nothing to make us safer. The opposite it most likely the case we have created resentment for our intervention in countries throughout the world. In addition we have the blood of our citizens as well as others on our hands. According to the Unknown News website919,967 soldiers, contractors, civilians, and journalist have been killed in both wars since 2001. This is more that we lost in the Civil war. All this carnage has lead to more attacks on our soldiers by folks who want nothing else than us to simply leave their countries.

If this number does not shock you take a look at the cost of Afghanistan and Iraq which has added $1,205,835,500,000 to our debt according to the Cost of War website. We are also bombing Syria, Pakistan, and Libya on a daily basis. This is money we don’t have and can not afford to spend. This money does not include the cost of rebuilding these countries after we destroy them. We can not change hearts and minds through force and violence. We need to enact a foreign policy that does not push for nation building and preemptive wars. Our nation should instead promote freedom and liberty through ideas and through free trade. By free trade I am referring to actual free trade to sell and purchase goods and services by individuals and companies across boards without the need for permission from international groups and treaties. This is how to promote a safer world for everyone not just Americans.

We should also look at closing the 900 plus military bases around the world. Many of which are not needed anymore. Take the military bases in Japan, Germany and South Korea to name a few. We have bases we haven’t had a military conflict in since the 1950’s. Why can’t we shut these bases down and bring the soldiers home this will go a long way in unwinding the cost of the Empire we have set up around the world. I hear folks say we need these bases to protect us abroad and secure our interests. How about we worry a little more about protecting our national’s boarders and less on the Iraq/Iran boarders.

While we are on the subject of nation building we should also address the wasted money we spend on foreign aide. We give billions each year to hundreds of nations in the name of promoting democracies and goodwill around the world. For the most part we prop up dictators such as in Egypt, Syria, Libya, Saudi Arabia and many other countries. This only suppresses the will of the citizens of these sovereign nations and creates resentment which manifests in blow back against the Untied States. In addition we more often than not supply aide to opposing sides. Take the Palestinians and Israel, we have given hundreds of billions to each side which basically allows them to further arm themselves and continue the violent hostility towards one another.

In short all of this is taking money the tax payers don’t have and wasting it on missions doomed to fail all except those profiting from the military industrial complex and those select despots we see as favorable to our agenda.