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In response to:

Angry Old Rich Dudes & Hypocrisy

John C6 Wrote: Sep 05, 2014 12:55 PM
No, the usage is correct: It's an application of Logic, not Grammar.
In response to:

Bureaucrats Making it Up as They Go Along

John C6 Wrote: Sep 05, 2014 12:28 PM
Gentle Readers, Dear Mr. Calabria, Thank you, Sir. May I add; The insurance contracts which caused AIG to fail weren't even written in the U.S. They were written by overseas subsidiaries. We could have simply guaranteed any insurance policy written here in the U.S. and insisted that premiums paid by policyholders for those policies not be used to pay claims on poliicies written outside the U.S. If foreign countries are going to allow insurance policies to be sold without charging a high enough premium to cover the risks, why should American policyholders and taxpayers bail out those policies when claims are filed? That's what happened. It cost us over $150 billion to bail out bad policies written in Britain and Germany. Sincerely, John Lepant Brighton CO ps: The reason we've had so much trouble the past several years is that, at this point in the discourse, Progressives will enter spouting nonsense about ' greedy insurance companies ' and Libertarians spouting nonsense about the evils of ' fiat money ', all of which is completely irrelevant, at best, and usually completely wrong. - John
People with cancer. This is medical marijuana, not recreational use.
In response to:

Why Obama's Majority Can't Govern

John C6 Wrote: Sep 05, 2014 11:16 AM
Gentle Readers, It's amazing how the New York Times can write the most complex article about the simplest problem. The problem is simple: Obama is a terrific candidate, with crummy policies. They market the candidate with billions of dollars, but once elected, his policies are, at best useless, and at worst, counter-productive and harmful. Sincerely, John Lepant Brighton CO
In response to:

Obamacare is Affecting Everyone

John C6 Wrote: Aug 30, 2014 10:11 AM
It doesn't reward people for being unproductive, it impedes those who desire to be productive.
In response to:

Militarization of Police II

John C6 Wrote: Aug 30, 2014 10:04 AM
Gentle Readers, If it's normal for construction workers to wear hard hats, why can't the police wear helmets? If football and hockey players wear protective clothing, why can't the police? Over 18 police vehicles were destroyed by rioters in Ferguson, and over 90% of those arrested during the riots were non-Ferguson residents. The police used armored cars because they needed them. Sincerely, John Lepant Brighton CO
Gentle Readers, Dear Dr. Skousen, Prof. Miron is correct. What was happening in Sept. 2008 was that people were moving money from Money Market Mutual Funds to Money Market Deposit Accounts which are FDIC insured, but pay a lower rate of interest. ( About $500 billion. was moved ) The Treasury borrowed $700 billion for the TARP program and then did a ' capital injection ' of $550 billion into the banks. This was very inefficient compared to the markets. The markets were already doing this quite efficiently whereas it took the government weeks to accomplish this, and was done with a raft of new restrictions on bank lending and operations. Instead of allowing the markets to reallocate capital from relatively higher-risk to relatively lower-risk accounts efficiently, the intervention inefficiently reallocated capital, increased the risk perception and discouraged investment while imposing new restrictions on lending. The markets would have operated better without the massive intervention. TARP was a mistake. The restrictions on lending worsened the crisis. Sincerely, John Lepant Brighton CO ps: By the way, TARP was never intended to be used for a ' captial injection ', it was supposed to be used to purchase ' toxic ' mortgage - backed securities. The trouble was that there were only $90 billion worth of ' toxic ' assets purchased by the program as it turned out there weren't very many ' toxic ' securities to purchase. Most of the bonds were sound. Thus, $610 billion went unused. This money went to the ' capital injection ' and the GM bailout, both of which were extraordinary measures eonomically more harmful than ordinary business and economic practices. - John
In response to:

The Continued Farce

John C6 Wrote: Aug 29, 2014 3:08 PM
Gentle Readers, Dear Mr. Erickson, While it is true that temperatures haven't increased globally for 17 years, it is important to understand why this matters. 20 years ago computer simulations were presented that predicted that the Earth would warm for the following 20 years due to human CO2 emissions. That didn't happen. Today, using the same computer models, the IPCC and the Obama Administration are predicting that human CO2 emissions will cause warming for the next 100 years. Yet, if the past predictions haven't been correct, why should policy be based on predictions from those models? Obviously, policy should not be based on predictions derived from models that have not been accurate up to now. Sincerely, John Lepant Brighton CO
Very few problems have come from residents, mostly people coming in from out of town. Over 90% of arrests during tihe riots were non-Ferguson residents.
Gentle Readers, This T-Shirt summarizes the policy of the Obama Administration. AG Holder has opened 2 investigations: One of the police shooring of Mr. Brown, and another of ths ISIS murder of James Foley. AG Holder equates American police officers with foreign terrorists. Americans need to remember this obscene policy on election day. From the perspective of many American Leftists, the police are an ' army of occupation ' to be resisted, and AG Holder has allowed this polluted thinking to influence policymaking at the Justice Dept. Sincerely, John Lepant Brighton CO
Paul Krugman is a ' neocon '?
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