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Greenspan
Policies Aided Inflation | November 22, 2005
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I have known Harry Schultz
since the 1970’s. He has been a good friend and a wise counselor.
In Sir Harry’s October 30,
2005 edition of his superb newsletter, Harry Schultz’s Life Strategies
(one-year subscription US$377, check should be made payable to HSL,
via fax, phone, or e-mail to Harry’s Fulfillment Office in Costa Rica,
866-725-3724 by phone, or 506-272-6261 by fax), he provides evidence
suggesting that fired Fed Chief Alan Greenspan, hailed as a foe of
inflation, has in fact presided over one of the most inflationary periods in
American history.
Quoting Harry, "Sept’s
CPI (Consumer Price Index) rose 1.2% & rose 4.7% for prior 12mos. Sept
was biggest monthly rise in 25yrs & the biggest 12-mo rise in 14yrs.
That 1.2% is 14.4% annualized! … These budget-buster data were followed up
a few days later with the PBI (Producer Price Index), another inflation
indicator. It rose 1.9%, which is 22.8% annualized. It was also the highest
jump in 25yrs. The core rate (useless as it excludes food/fuel) was also up
notably. Washington removed food from the CPI in the 1970’s, as inflation
numbers made the interest rate look bad. A few months later DC bureaucrats
deleted fuel, as CPI rose despite food removal. …
"[Here’s a shortened
quote of Washington-Post 10/14 report] … ‘The benefits
adjustment, or COLA, provided to govt retirees is one of the foundations of
the Washington-area economy. Over 327,000 civil service retirees &
spouses of deceased retirees live in the District, Maryland & Virginia,
& over 174,400 military retirees live there. Nationwide, there are about
2.4 million civil service retirees & about a 1.9 million military
retirees. Payments will rise 4.1% for retirees covered by Civil Service
Retirement System & those who receive military annuities. Those retired
under the newer Federal Employees Retirement System & are 62 or older
will receive 3.1% increase under the rules for that program. Benefits will
go up by 4.1% also for recipients of Supplemental Security income, paid to
low-income people.’ "
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World
Bank & China | November 16, 2005
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U.S. Taxpayer
Subsidies to World Bank Underwrite Communist Party Control of Chinese
Mainland
In 2001, as
President of The Conservative Caucus Research, Analysis, and Education
Foundation, I led a geo-strategic tour which took our 25-person group to
Hong Kong, Singapore, Shanghai, Beijing, and Taipei.
While in Beijing, we met with
officials of the World Bank and were shocked to have documented for us how
billions of U.S. taxpayer dollars were being used to, in effect, reinforce
the infrastructure and control of the Central Committee of the Communist
Party of the People’s Republic of China.
According to The
Financial Times of October 18, page 9: "China
will remain an important client of the World Bank, Paul Wolfowitz, the bank’s
president, said yesterday, despite questions over whether a country with
swelling financial resources still needs development assistance as it lifts
tens of millions of people out of poverty. …
"China is still
the bank’s largest client measured by outstanding loans, but has not been
the largest single recipient country in recent years in terms of new
borrowings. …
"But China’s
own growing overseas aid programme, its ability to finance expensive
programmes such as manned space flights and its huge stock of foreign
exchange reserves, which are on track to reach $1,000bn (£570bn, €830bn),
have prompted questions about Beijing’s need for development assistance.
"Mr Wolfowitz
defended the loans, saying the bank had China had developed a mutually
beneficial partnership, in which each could learn lessons from the other
about poverty reduction.
" ‘I genuinely
admire what they have accomplished. I am not without some criticisms, but it
has been good for the whole world,’ he said. …
"Mr Wolfowitz’s
trip took in a small village in Gansu in impoverished western China, which
is home to a large Muslim minority.
"The press reported that
he joined prayers at the local mosque, reciting from heart parts of the
Koran. He said he had first learnt the prayer as US ambassador to Indonesia,
but had memorized it during three funerals he had attended for ‘Iraqi
martyrs’ in recent years."
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Why
did the GOP lose Virginia? - Part II | November 11, 2005
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VIRGINIA GOP GUBERNATORIAL
NOMINEE DEMORALIZED HIS BASE BY ACTIVELY PANDERING TO HOMOSEXUAL ACTIVISTS
Joe Glover, head of Virginia’s
Family Policy Network, had the following observations concerning the
decisive defeat of the "Kilgore for Governor" candidacy:
"You can't make friends of
your enemies by making enemies of your friends."
"The pundits are spinning the demise of Jerry Kilgore as a defeat
for conservatism and a victory for the "moderate" middle of the
road. Such conclusions are based on the idea that successful campaigns
appeal to so-called "swing voters" who support
"reasonable" candidates from either party on a given day.
The poll numbers from Tuesday's election tell us something entirely
different, since two unapologetically pro-life, anti-tax conservative
candidates fared much better than the moderated version of Jerry Kilgore.
What's interesting is that most voters didn't know about Kilgore's leftward
drift, but that didn't keep it from shooting him in the foot. It all started
very soon after he won his first statewide race, when he began to compromise
in a futile attempt to win the second.
Four years ago, Jerry Kilgore ran for Attorney General as a conservative
prosecutor from Southwest Virginia, making no bones about his traditional
values. Much was made of his conservative roots and hometown values, and he
carried the state with sixty percent of the vote.
Unfortunately, that was then. This is now. And a whole lot has changed in
just four years.
Very soon after Jerry Kilgore was sworn in as Attorney General in January of
2002, he began thinking and acting as if his next campaign was already in
full swing. Members of the Attorney General's office grumbled privately to
GOP operatives that Kilgore almost immediately began making decisions in
light of his chances of becoming Governor. Conservatives who heard these
complaints were concerned, but hoped Kilgore's conservative roots would
prevent any collapse in his values.
Unfortunately, Jerry Kilgore's ambitions got the best of him in his first
year in office, and he adopted a new way of reaching his goal that often
sold his friends down the river. Early in the second year of Kilgore's
tenure as Attorney General, the small-town conservative from Southwest
Virginia began spreading his political wings in new directions. He began to,
as they say in political science classes, "reach out" to new
demographic constituencies.
Here are just a few examples of Jerry Kilgore's deeds done in the name of
demographical "outreach:"
* In March of 2003, six activists from the pro-homosexual "Log
Cabin" club publicly engaged Jerry Kilgore on social issues at a
political fundraiser in Northern Virginia. Kilgore was very complimentary of
their organization, making a number of overtures that raised conservative
eyebrows. For example, Kilgore promised them "his office does not
discriminate in hiring on the basis of sexual orientation." When asked
whether or not he welcomed [people who engage in homosexuality] as part of
the Republican Party, Kilgore said he did, and he "acknowledged the
contribution the [Log Cabin homosexual club] has made to the Republican
Party over the past few years, particularly in northern
Virginia." (See: VA
Family Policy Network)
* In May of 2003, Jerry Kilgore shocked pro-lifers when he officially
rejected the long-held belief that life begins at conception in an effort to
ensure state colleges and universities could freely distribute the
morning-after abortion pill to college students. (See: VA
Family Policy Network)
* In 2003, Kilgore betrayed fiscal conservatives in Republican primary races
by joining the campaign committees of liberal politicians like Sen. John
Chichester (R-Fredericksburg), who proposed a greater tax increase than
Democrat Governor Mark Warner within a month of the senator's reelection.
* In October of 2003, Kilgore won the praise of homosexual activists and the
scorn of pro-family groups when he participated in a pro-homosexual public
relations scheme by promising not to discriminate on the basis of a person's
so-called "sexual orientation." The Family Foundation's Victoria
Cobb responded to Kilgore's participation by saying, "Voters who have
supported the Attorney General have cause to be deeply concerned and will be
anticipating more clarity in the future."
(See:www.washblade.com/2003/10-24/news/localnews/vacon.cfm)
(See also:VA
Family Policy Network)
* In the spring of 2005, Jerry Kilgore frustrated fiscal conservatives again
when he endorsed a slate of rebellious Republican Delegates who backed the
largest tax increase in Virginia history, against conservative Republicans
in several districts throughout the Commonwealth.
* After the 2005 primary, Kilgore violated Ronald Reagan's 11th Commandment
by publicly criticizing conservative GOP House member Brad Marrs for
exposing the major homosexual support of his Democrat opponent. Marrs
subsequently lost his reelection bid by less than 50 votes to a pro-choice,
pro-tax increase Republican running as an Independent.
(See:Richmond
Times Dispatch Article and VIPNet)
* Although he promised to promote "a culture of life" as a
candidate for Governor, Jerry Kilgore never excited Virginia's pro-life
voting block by spelling out a concrete plan of action. During a candidate
debate in September, Kilgore refused to tell moderator Tim Russert of NBC's
"Meet the Press" that he would sign a bill to ban abortions in
Virginia. News of his response sent shock waves throughout the pro-life
movement in the Commonwealth. Here is a description of the exchange between
Russert and Kilgore from MSNBC.com's web site:
In that debate, Kilgore dodged what he said was a
"hypothetical" question about whether he would sign a law banning
abortion in Virginia. Debate moderator Tim Russert of NBC's "Meet the
Press" then asked Kilgore if he would veto a tax increase. Kilgore said
yes. "That's a hypothetical question," Russert interjected,
prompting laughter from an audience that seemed largely sympathetic to Kaine.
"Word of mouth among political insiders was really negative regarding
Kilgore's performance overall and his response to that one question in
particular," said [Catholic University political science professor
Mark] Rozell.
(See: MSNBC Article)
* In October, the Washington Post reported that Kilgore was hedging his bets
on opposing new tax increases. To the dismay of fiscal conservatives in the
GOP, Kilgore said he would allow Northern Virginia "and other
regions" the power to raise taxes for roads. Later in the month, the
conservative Virginia Club for Growth criticized Kilgore for refusing to
sign a Taxpayer Bill of Rights, and demanded that he "speak out
unequivocally against new taxes." Club president Phil Rodokanakis said,
"Jerry Kilgore continues to run an elusive campaign and refuses to let
the voters know where he really stands on these issues."
(See: Washington Post Article
and Virginia
Club for Growth)
There's no doubt that most conservatives voted for a straight GOP ticket in
Tuesday's election. Most believed Jerry Kilgore to still be the conservative
Republican from Gate City they had supported in 2001. However, some knew
better.
Some knew better because they fought Jerry Kilgore on conservative issues
while he occupied the Attorney General's office. Others knew better because
they fought his influence in primary battles against liberal incumbents.
Still others knew better because Jerry Kilgore couldn't muster the courage
to sign a taxpayers pledge or promise to endorse a bill to protect the
unborn.
Whatever the reason and whatever the number, there was a group of
disgruntled conservatives who wouldn't work or vote for a politician they
would have to fight once they got him elected. Kilgore's team dismissed
those principled conservatives by saying instead they would win or lose with
the "lazy" voters who would otherwise stay home. That move may
have been the straw that broke the camel's back for some who were planning
to hold their noses and support him despite his shortcomings. That quote
certainly didn't encourage them to lend a hand.
The rise and fall of Jerry Kilgore should serve as a model of compromise
that conservative politicians should seek to avoid. A wise old adage among
political types in Washington, D.C. says "You can't make friends of
your enemies by making enemies of your friends." It seems the
Republican running at the top of Virginia's statewide ticket this year had
to learn that lesson the hard way.
Conservatives thinking of running for statewide office in the future would
be wise to learn that lesson from Jerry Kilgore so they don't have to learn
it the hard way themselves."
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Why
did the GOP lose Virginia? | November 11, 2005
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The overwhelming defeat of
former Virginia Attorney General Jerry Kilgore, the Republican nominee for
Governor in the November 8 election, can be explained in various ways:
1. Kilgore demoralized his
pro-life supporters by avoiding clear answers on where he stood regarding
abortion in two debates and elsewhere in the campaign.
2. Kilgore ran an entirely
negative campaign. He never explained in a positive sense why people
should support his gubernatorial candidacy. This was similar to the
failure of Mark Earley, the GOP nominee four years ago, but unlike the
campaign of Jim Gilmore who was elected Governor in 1997 with a clear
promise to eliminate the "car tax".
3. President Bush’s last
minute visit to Virginia did little to inspire Republicans disillusioned
with his Presidency, and did much to remind Democrats that they had an
opportunity to stick it to the GOP.
4. Democrat Tim Kaine
projected a sense of heft, gravitas, and, if you will, manliness which did
not emanate from the persona of Jerry Kilgore.
5. Republicans by supporting
Governor Mark Warner’s tax increase agenda divided their party and
prevented Kilgore from using taxes as a winning issue.
6. Voters were generally
satisfied with Warner’s governorship and saw a vote for Lieutenant
Governor Kaine as a way of giving Governor Warner a second term.
Kaine’s victory is a big
boost to the Democratic Party Presidential aspirations of Mark Warner, and
certainly does nothing to push forward Senator George Allen’s prospective
Presidential candidacy.
In 1974, the year of the
Watergate elections, Republicans were clobbered, not because Democrats
increased their vote, but because Republican voters, confused and
demoralized, stayed home.
Some of that happened in
Virginia. Unhappiness with Bush and various issues of ethics and integrity
could well stultify the GOP base in 2006, leading to a Democratic Party
takeover of at least one house of Congress.
George Bush will not change.
His "New World Order" agenda will still be in place in November,
2006. Iraq, the price of gas, concerns about Social Security, disagreements
with Bush concerning Federal education policy, the United Nations, McCain-Feingold,
foreign aid, ethical concerns, immigration, trade policy, and other issues
will hurt every candidate running on the Republican line.
What Christians, conservatives,
and Constitutionalists need do is have our own "Contract with
America", in which we set forth ten pivotal issues and encourage
candidates to endorse our agenda as a prerequisite to our endorsing and
supporting them.
The agenda should cover
parental rights, Constitutionally-defiant judges, immigration, trade,
abortion, the United Nations, sodomy, and other key issues. It should be
very specific, setting forth particular pieces of legislation such as the
Right to Life Act (establishing the legal personhood of the unborn) and
avoid vague generalities.
Ron Paul’s "American
Sovereignty Restoration Act" to get America out of the U.N. should
definitely be on the list, along with the Constitution Restoration Act (CRA),
the "Defense of Marriage Act", and similar specific proposals.
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Samuel
Alito | November 3, 2005
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OPPOSITION TO MIERS AND
GONZALES PAVED THE WAY FOR ALITO
Constitutional conservatives
owe a debt of gratitude to Alan Keyes, Ann Coulter, Laura Ingraham, David
Frum, George Will, David Keene, National Review, Human Events,
Rush Limbaugh, Mat Staver, Gary Bauer, Phyllis Schlafly, Richard Viguerie,
Robert Bork, Bill Kristol, Charles Krauthammer, and members of The
Conservative Caucus for their outspoken challenge to the nomination of
Harriet Miers to be an Associate Justice of the Supreme Court.
It’s also a plus that so many
conservative leaders warned of their opposition should President Bush name
his Attorney General, Alberto Gonzales, to a seat on the court.
Because so many conservatives
– a large number of whom had previously been uncritical of the Bush
presidency – took a stand in the Miers case, we now have a much better
choice to sit on the court, Samuel Alito.
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