Tag Archives: culture

Still only Chit-Chat

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Now ex-President Barack Obama (D) thinks it was a mistake to essentially ignore the Green Revolution in Iran in 2009, the Iranian people’s uprising against the tyrannical Ayatollah regime.

That’s awfully … of him to say so, now, 13 years too late for it to matter for the Iranian people or for him to suffer any consequences, even as it comes amid the current protests by Iranian women against that same tyrannical Ayatollah regime.

Now he’s saying,

Every time we see a flash, a glimmer of hope, of people longing for freedom, I think we have to point it out.
We have to shine a spotlight on it. We have to express some solidarity about it[.]

Chit-chat. Obama, and his BFF President Joe Biden (D), still are interested in limiting themselves to yakking about the Iranian people’s efforts. Talk is cheap; what concrete action would today’s Obama or Biden be willing to take?

They’re not quite being silent.

Bank of England Fails

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The Bank of England, in its panic over the British bond market repricing, is extending its intervention into that market. The purpose of the BOE’s intervention, though, is exposed by the beneficiaries of the move [emphasis added].

The central bank on Tuesday said it would add inflation-linked government bonds to its program of bond purchases after a fresh attempt on Monday to help pension funds failed to calm markets.

And [emphasis added]

The central bank first launched its bond purchases on September 28 in an effort to help pension funds that held large positions in derivative-based investments that were upended by the surge in UK government bond yields.

Clearly, the BOE is not in the business of maintaining a stable pound; it’s in the business of protecting special interests from the results of their foolishness—like “investing” pensioners’ and future pensioners’ money in risky vehicles like those derivatives.

The proper move would be for the BOE to stand aside and let the market do what it will—which is to say let the market investors, all of them buyers and sellers according to their own imperatives, do what they will according to their own, independently arrived at, imperatives. That will be painful during the (re)adjustment period, but the outcome will be what investors, with their pounds, say they want.

After all, a properly free and open market is self correcting; a government intervened-in market never can be. Aside from the fact that a centrally directed market cannot respond quickly enough, those interventions color those investors’ imperatives, driving them necessarily away from independent development. Such politically-created market distortions permanently block corrections from running to completion.

Catch-22?

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No, typical Leftist “misunderstanding.”

In a piece about the possibility of an inflation-related increase in Social Security payments, Megan Henney, writing for FOXBusiness, cited this remark from Mary Johnson, The Senior Citizens League‘s Policy Analyst/Editor, about the supposed downside of the increase.

Higher Social Security payments are a bit of a Catch-22. They can reduce eligibility for low-income safety net programs, like food stamps….

That demonstrates a complete misunderstanding of safety net programs. With greater income, there’s less need for the safety net, so of course eligibility should be reduced commensurately.

Only a Leftist, who believes in ever-growing government, could say such a thing with a straight face.

Visit the Border?

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Nah. The border tsar was too busy noshing with mega-donors in Texas to take the time to go to the border and see with her own eyes the disaster the Biden-Harris administrating is inflicting on us. She has people to do that, with their eyes. Except, no, she doesn’t….

She did, though, spend her busy time speechifying.

Harris [joined] a conversation at the LBJ Presidential Library on Saturday to discuss abortion access, then [gave] a speech at a fundraiser for the Texas Democratic Party.

The LBJ library, in Austin, is just about 200 miles from the Rio Grande River, a bare 3 hours, more or less, by auto and even quicker via Marine Two. But it’s too much trouble for the woman appointed by President Joe Biden (D) to the responsibility of dealing with our border to spend half a day there, on the river, seeing the illegal aliens walking/wading across that border, illegal aliens that Biden, through his Press Secretary, yokked it up (skip ahead to 1:50) over the very idea that anyone walked/waded across.

A Method of Identifying Acceptable Views

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The Wall Street Journal‘s Thursday Notable & Quotable contains an excerpt from a Times Literary Supplement piece in which the piece’s writer recounted a classroom incident in which he had touted a free market society and the instructor had written on his paper, “Are you Margaret Thatcher?” and left the paper ungraded. The classroom boy was mortified.

[T]he comparison shocked me into a more thoughtful politics and provided an early lesson: if you don’t like the fact that you share a view with someone objectionable, consider revising that view.

And

That doesn’t mean that every person with [fill in that disagreeable person’s identity] views endorses those links, but some soul-searching is surely called for.

Of course. It isn’t the merits of the message that’s important; rather, it’s the merits of the person carrying that message.

This is what has passed for teaching our children for too many years.