Tuesday, August 4, 2009

The Religion of Peace is at it again

Peaceful Muslims indiscriminately attacked and killed Christians in Pakistan after a false report that some Christians had defiled a copy of the Koran.

"The mob opened fire indiscriminately, threw petrol bombs and looted houses as thousands of frightened Christians ran for safety. 'They were shouting anti-Christian slogans and attacked our houses,' Rafiq Masih, a resident of the predominantly Christian colony, said. Residents said that police stood aside while the mob went on the rampage. 'We kept begging for protection, but police did not take action,' Mr Masih said."

Eight members of one Christian family were burned to death and dozens of others were feared killed in a town with 50,000 Christians in eastern Pakistan.

Another day, another example of peaceful Muslims going about their business - killing infidels.

Monday, August 3, 2009

Evidence that Obama is lying about his healthcare plan

Anyone who doubts that Obama is lying about not using a "government option" to gradually squeeze out private insurance and create a government run single payer system should watch this video. Here is the man himself saying that is what he wants to do, before he says it isn't what he wants to do. Hope and change is evidently about changing your story and hoping people won't remember what you said.

Sunday, August 2, 2009

De-capitalizing America

The reason rich countries are rich is that they've managed to accumulate more capital than poor countries. All rich countries have relatively free market economies because that is by far the best way to accumulate capital. Governments in these countries tend to destroy less capital than governments of poor countries.

However, formerly rich countries can destroy enough capital to impoverish themselves. Obvious examples are Zimbabwe, which was among the richest countries in Africa until Marxist Robert Mugabe took over, and, on a longer time scale, Argentina, which was one of the richest countries in the world in 1900, before a succession of populist rulers depleted its capital.

The US government under Obama has recently engaged in an orgy of capital destruction using borrowed capital to fund myriad wasteful liberal causes and special interest groups, and by propping up failing businesses. The latest, and perhaps clearest example is the so-called "Cash for Clunkers" program.

Here the government is paying dealers to destroy cars traded in for new ones which get a whopping 4 miles per gallon better gas mileage. The market value of the used cars is effectively the residual capital value of those cars, so destroying them wipes out that much capital, in addition to raising the cost of used cars for poor people.

Programs like these are precisely how formerly rich countries become poor, as they de-capitalize their economies. Examples like Zimbabwe and Argentina show what happens as this process continues. The governments of both countries have ignored basic economic science to "help the poor", with the result that the poor are now poorer than ever.

The liberal agenda results in the mindless destruction of vast amounts of American capital, with the result that the American poor will be poorer than they would have been. If you doubt that, ask yourself if you would like to live in Zimbabwe.