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Archives for June 2010

June 28, 2010 By Fausta

Supreme Court supports gun rights

High Court Rules in Favor of Gun Rights

The Supreme Court ruled for the first time that gun possession is fundamental to American freedom, giving federal judges the power to strike down state and local weapons laws for violating the Second Amendment.

Hooray!

In a 5-4 ruling, the court held that the Second Amendment’s right to keep and bear arms is a fundamental right that binds states.

You can read the decision here. Starting on page 68, read Justice Thomas’s decision, with a history lesson. More from Instapundit

it really is interesting how much emphasis the majority, and Justice Thomas’s concurrence, put on the racist roots of gun control. See this article and this one by Bob Cottrol and Ray Diamond for more background. And isn’t it interesting that this is happening on the same day the Senate’s last Klansman went to his reward?

SCOTUS blog apparently is down. Will update with link once it’s available.

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Filed Under: Fausta's blog, SCOTUS Tagged With: Fausta's blog, MCDONALD v. CITY OF CHICAGO, Second Amendment

June 28, 2010 By Fausta

Robert Byrd dies, age 92 – updated with VIDEO

The Senate’s last Klansman died at 3AM today. The Washington Post refers to him as

Robert C. Byrd, 92, a conservative West Virginia Democrat who became the longest-serving member of Congress in history and used his masterful knowledge of the institution to shape the federal budget, protect the procedural rules of the Senate and, above all else, tend to the interests of his state, died at 3 a.m. Monday at Inova Fairfax Hospital, his office said.
…
As a young man, Mr. Byrd was an “exalted cyclops” of the Ku Klux Klan. Although he apologized numerous times for what he considered a youthful indiscretion, his early votes in Congress — notably a filibuster against the 1964 Civil Rights Act — reflected racially separatist views. As those views moderated, Mr. Byrd rose in the party hierarchy.

Back in 2001 he was still going at it,, only with a better veneer.

Instapundit:

And keep a list of hagiographers in the press who don’t mention Byrd’s Klan connection. Then we can cross-index with the Journolist membership when it comes out . . . .

Indeed.

UPDATE
Newsy report,

pp

Multisource political news, world news, and entertainment news analysis by Newsy.com

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Filed Under: Democrats Tagged With: Fausta's blog, Robert Byrd

June 28, 2010 By Fausta

The year without Mel Zelaya Carnival of Latin America, and VIDEO

LatinAmer Welcome to this week’s Carnival of Latin America and the Caribbean. As the title indicates, it’s been a year since Mel Zelaya was thrown out of office. He and his teddy bear are also gone from his tin foil-lined room at the Brazilian embassy in Tegucigalpa.

Today’s podcast at 11AM Eastern:
The UN Office for Drugs and Crime’s report

ARGENTINA
Collateral damage

Cristina se reunió con empresarios antes del comienzo de la cumbre del G20

Seventy-five years ago today

BARBADOS
Barbados and Panama sign double taxation agreement

BOLIVIA
Bolivian Bottles Build Houses

BRAZIL
Brazil’s foreign policy
An Iranian banana skin
Lula has little to show for his Tehran adventure

Lula’s adventure in Tehran smacks of the overconfidence of a politician who basks in an approval rating of over 70% and who sees the Iraq war and the financial crisis as having irreparably damaged American power and credibility. But the United States is still Brazil’s second-largest trading partner. Although some American and Brazilian officials are keen to prevent ill-will over Iran from spoiling co-operation in other areas, it nevertheless may do so. The United States Congress may be even less willing to support the elimination of a tariff on Brazil’s sugar-based ethanol, for example.

Lula wants the UN reformed to reflect today’s world, with Brazil gaining a permanent seat on the Security Council. But by choosing to apply his views on how the world should be run to an issue of pressing concern to America and Europe, and in which Brazil has no obvious national interest, Lula may only have lessened the chances that he will get his way.

Lula skips G20 summit due to deadly Brazil floods

CHILE
Piñera’s (dis)approval

Entrevista a Josep Montaner, “El rol de la sociedad civil ha de ser activo en cualquier situación” Video in Spanish,

Josep Montaner _ Rol de la sociedad civil from Plataforma Urbana on Vimeo.

COLOMBIA
THOMSON: Santos sweeps to the presidency
Platform for security, stability and development win b

Good news from Colombia, but does Obama appreciate it?

Ros-Lehtinen: Recognizing Colombia’s presidential election and the U.S.-Colombia alliance Ros-Lehtinen Resolution on Colombia Elections Passes House

Will Washington treat Colombia’s Santos as an ally?

COSTA RICA
Father’s Day in Costa Rica

CUBA
When Learning Turns to Dust

“Cuba experts”

Ramiro on a hunger strike?

Syrian president due in Havana on Sunday

Interviews With Dr. Darsi Ferrer and Juan Juan Almeida

ECUADOR
UPDATE: Filmmakers Argue Against Ruling In Chevron Case

HONDURAS
A year without Mel Zelaya

More intromission by US Ambassador Llorens and G-16

JAMAICA
Mr Coke turns himself in

Jamaican drug lord captured

MEXICO
Mexican Violence Crosses Borders; Attracts Media Attention

Mexico Represents Single Biggest Drug Trafficking Threat to U.S.

NICARAGUA
Nicaragua’s Sandinistas accused of paying for power
Daniel Ortega’s ruling Sandinistas Front is using strong-arm tactics to limit opposition, observers say.

PANAMA
Washington Post on retiring to Panama

PARAGUAY
Journalists in the crosshairs of Paraguayan People’s Army

PERU
Peruvian Franken-Corn Defamation Case Update

Keiko Fujimori Leads Peru Presidential Poll, El Comercio Says

Keiko Fujimori says “I will be in the second round” for president of Peru in 2011

Peru judge rules Van der Sloot confession valid

PUERTO RICO

Students approve strike pact. Back in the olden days when I was a student at the UPR they were striking, too, but no one slept in cute little tents on campus. Either way, the strikes are a total waste of time.

VENEZUELA
Today’s podcast at 11AM Eastern: UN: Most of the cocaine going to Europe passes through Venezuela

The report launched by the UN Office on Drugs and Crime (UNODC) expresses concern about Venezuela due to the existence of cells of armed insurgent groups, such as the Bolivarian Liberation Front and civilian militias supported by the government.

WDR 2010 website. PDF file: full report.

Syrian president meets with Chavez in Caracas

Revolutionary Rot, But News It’s Not: AP Ignores Venezuela’s ‘Battle for Food‘, also at BizzyBlog

Como el paternalismo crea dictadores


A radical shift to the radical left in Venezuela

Ollie Loves Hugo & Hugo Loves Ollie

Le Monde criticizes the selling out of Venezuela to Cuba, Chavez gets revenge by taking away a minor farm of Diego Arria and Letter from Diego Arria to Hugo Chavez

VenEconomy: Venezuela Dominated By & Split Up Into Ghettos

Commie Despot Renegs On Debts, Seizes Oil Rigs

Today’s Video: Oligarchs vs. Bolivarians

Maria Conchita Alonso on Oliver Stone’s South of the Border (VIDEO)

HUMOR
My cousin sent this, Por que Cuba No fue a el Mundial Los Pichy Boys

The week’s posts and podcasts:
How about, Sayonara, Citgo?
Venezuela to nationalize U.S. firm’s oil rigs
Venezuela’s fast-track doctors
Jamaica: Dudus Coke in the can
Mexican gangs’ lookouts in Arizona
Rum war?
Obama Secretary of Labor: Illegals Have a Right to Fair Wages VIDEO
In Silvio Canto’s podcast.
In Rick Moran’s podcast.

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Filed Under: Argentina, Barbados, Bolivia, Brazil, Canada, Carnival of Latin America, Chile, Colombia, Cuba, drugs, Ecuador, Honduras, Jamaica, Maria Conchita Alonso, Mexico, Nicaragua, Panama, Paraguay, Peru, Puerto Rico, Syria, UN, Venezuela Tagged With: cap and trade, Christopher "Dudus" Coke, Dr. Darsi Ferrer, Fausta's blog, G20, inauguration, Joran van der Sloot, Juan Juan Almeida, Keiko Fujimori, Manuel Zelaya, Mel Zelaya, UN Office on Drugs and Crime

June 27, 2010 By Fausta

Sunday evening tango: Monica & Pato

“Pato” Raúl A. Capelli and Mónica Paz dancing classic milonguero style,

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Filed Under: dance, entertainment, tango Tagged With: Fausta's blog, Monica Paz

June 27, 2010 By Fausta

The Keynesian Dead End

At the Wall Street Journal,
The Keynesian Dead End
Spending our way to prosperity is going out of style.

Like many bad ideas, the current Keynesian revival began under George W. Bush. Larry Summers, then a private economist, told Congress that a “timely, targeted and temporary” spending program of $150 billion was urgently needed to boost consumer “demand.” Democrats who had retaken Congress adopted the idea—they love an excuse to spend—and the politically tapped-out Mr. Bush went along with $168 billion in spending and one-time tax rebates.

The cash did produce a statistical blip in GDP growth in mid-2008, but it didn’t stop the financial panic and second phase of recession. So enter Stimulus II, with Mr. Summers again leading the intellectual charge, this time as President Obama’s adviser and this time suggesting upwards of $500 billion. When Congress was done two months later, in February 2009, the amount was $862 billion. A pair of White House economists famously promised that this spending would keep the unemployment rate below 8%.

Seventeen months later, and despite historically easy monetary policy for that entire period, the jobless rate is still 9.7%. Yesterday, the Bureau of Economic Analysis once again reduced the GDP estimate for first quarter growth, this time to 2.7%, while economic indicators in the second quarter have been mediocre. As the nearby table shows, this is a far cry from the snappy recovery that typically follows a steep recession, most recently in 1983-84 after the Reagan tax cuts.

The response at the White House and among Congressional leaders has been . . . Stimulus III. While talking about the need for “fiscal discipline” some time in the future, President Obama wants more spending today to again boost “demand.” Thirty months after Mr. Summers won his first victory, we are back at the same policy stand.

The difference this time is that the Keynesian political consensus is cracking up. In Europe, the bond vigilantes have pulled the credit cards of Greece, Portugal and Spain, with Britain and Italy in their sights. Policy makers are now making a 180-degree turn from their own stimulus blowouts to cut spending and raise taxes. The austerity budget offered this month by the new British government is typical of Europe’s new consensus.
…
President Obama’s tragic mistake was to blow out the U.S. federal balance sheet on spending that has produced little bang for the buck. The fantastical Keynesian notion (the “multiplier”) that $1 of spending produces $1.50 in growth was long ago demolished by Harvard’s Robert Barro, among others. That $1 in spending has to come from somewhere, which means in taxes or borrowing from productive parts of the private economy. Given that so much of the U.S. stimulus went for transfer payments such as Medicaid and unemployment insurance, the “multiplier” has almost certainly been negative.

With the economy in recession in 2008 and 2009, we argued that some stimulus was justified and an increase in the deficit was understandable and inevitable. However, we also argued that permanent tax cuts aimed at marginal individual and corporate tax rates would have done far more to revive animal spirits, and in our view would have led to a far more robust recovery.
***
What the world has now reached instead is a Keynesian dead end. We are told to let Congress continue to spend and borrow until the precise moment when Mr. Summers and Mark Zandi and the other architects of our current policy say it is time to raise taxes to reduce the huge deficits and debt that their spending has produced. Meanwhile, individuals and businesses are supposed to be unaffected by the prospect of future tax increases, higher interest rates, and more government control over nearly every area of the economy. Even the CEOs of the Business Roundtable now see the damage this is doing.

BizzyBlog adds,

  • The Journal left one name out of this passage who should be there: then-Ohio Congressman John Kasich. The Associated Press, in a too-rare example of historically accurate reporting in June of last year (original BizzyBlog post; saved AP article), noted that Ohio’s current GOP gubernatorial candidate “was the chairman of the U.S. House of Representatives’ Budget Committee in 1997 that balanced the nation’s budget for the first time in more than 30 years.” More than any other person, Kasich was responsible for the relative spending restraint in the 1998 and 1999 fiscal-year budgets that led to the actual and projected budget surpluses of the period. The restraint started its disappearing act after Kasich left Congress, and his claim that free-spenders on both sides of the political aisle quietly celebrated his departure is sadly true.
  • Unfortunately, I don’t agree that Obama’s and Congress’s decision to “blow out the U.S. federal balance sheet” was a “tragic mistake.” Given false intellectual cover by the likes of Larry Summers and Christine Romer, the administration and Congress gleefully did so. Perhaps Obama, Pelosi, and Reid are still deluded, as are Summers and Romer, about the awful historical record of doctrinaire Keynesianism. If they’re not, the only alternative is to assert that they have inflicted their damage deliberately.
  • Incredibly, no one except GOP candidate Rudy Giuliani was advocating further tax cuts. Democrats and their presidential candidates, most notably Obama, advocated vast tax increases; GOP candidates McCain and Romney were satisfied advocating making the current tax structure which had been in place since 2003 permanent. That wasn’t good enough, guys.
  • The FUDGE economy (Fear, Uncertainty, Doubt, and Government Excess) continues. The Business Roundtable’s tardy arrival to the corps of the concerned is no accident. The too-numerous band of crony capitalists in this group thought they would disproportionately benefit from a Washington-driven spending spree, and are late in recognizing that this administration’s hostility to the private sector was far more than election campaign posturing.

Q&O:

Most who understand at least rudimentary economics knows that some “stimulus” from government spending, coupled with other government actions, such as tax cuts for individuals and businesses, may have a beneficial effect in times of recession. The stimulus funds get money in circulation and the tax cuts encourage businesses to expand and hire.

What we’ve seen is nothing but “stimulus” – no tax cuts, no incentive for businesses to come off the side lines. Additionally we’ve seen attacks on the business community, calls for much more draconian regulation and new mandates imposed by legislation such as health care reform.

The result has been a seemingly perpetually unsettled business atmosphere that has provided absolutely no incentive for companies to expand or hire.

What we should have all taken from this is that government “stimulus” funded by massive public debt isn’t the answer we were led to believe it was and, when it is all that is done, is more of a problem than any sort of a solution. All the “stimulus” has managed to accomplish is the promise of large tax increases to pay down the debt it created.

The other service it hopefully has rendered is to prove defective the once cherished Keynesian belief that government can spend us out of recess.

And now for the bad news: Keynesian economics are not dead yet. Not by a long shot. For as long as there are politicians, there will be government spending as if there is no tomorrow.

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Filed Under: business, economics, politics Tagged With: Fausta's blog, John Maynard Keynes, stimulus bill

June 27, 2010 By Fausta

Wash Biden’s mouth with soap, again

Mrs. Biden (I mean his mom, not his wife) ought to have done a better job of washing young Joe’s mouth with Lifebuoy when he was younger.

First, the bfd, now telling a business owner not to be a smart *ss when the business owner asked him to lower our taxes:

Biden told the small business owner, “Say something nice instead of being a smarta$$ all the time.”

To that I say Bite me Joe Biden, bite me!

I wouldn’t call the frozen custard guy the next Joe the Plumber , though. James Joyner thinks he was hosting a campaign event for Russ Feingold, perhaps.

Either way, while campaigning for Russ, Joe said,

“there’s no possibility to restore 8 million jobs lost in the Great Recession.”

He blamed Bush and forgot to explain why we should throw more money after bad with a second stimulus considering how well the first stimulus has been working out, jobs saved or created and all that.

More,
The level of disdain this adminstration has not just for “big business” but small business is outright astonishing.

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Filed Under: Democrats, Joe Biden Tagged With: Fausta's blog, stimulus bill

June 27, 2010 By Fausta

O’s real item of interest at the G20

Alright, so the developing countries got elevated to the big boy’s club and the G8 got expanded into the G20, and so they go to the G-20 (except for Lula, who’s attending to the floods). Now what? A fight on spending.

Dan Mitchell says, The G-20 Fiscal Fight: A Pox on Both Their Houses

Austerity, in the European context, means budget balance rather than spending reduction. As such, David Cameron’s proposal to boost the U.K.’s value-added tax from 17.5 percent to 20 percent is supposedly a sign of austerity even though his Chancellor of the Exchequer said a higher tax burden would generate “13 billion pounds we don’t have to find from extra spending cuts.”

Raising taxes to finance a bloated government, to be sure, is not the same as Obama’s strategy of borrowing money to finance a bloated government. But proponents of limited government and economic freedom understandably are underwhelmed by the choice of two big-government approaches.

What matters most, from a fiscal policy perspective, is shrinking the burden of government spending relative to economic output. Europe needs smaller government, not budget balance. According to OECD data, government spending in eurozone nations consumes nearly 51 percent of gross domestic product, almost 10 percentage points higher than the burden of government spending in the United States.

Unfortunately, I suspect that the “austerity” plans of Merkel, Cameron, Sarkozy, et al, will leave the overall burden of government relatively unchanged. That may be good news if the alternative is for government budgets to consume even-larger shares of economic output, but it is far from what is needed.

Unfortunately, the United States no longer offers a competing vision to the European welfare state. Under the big-government policies of Bush and Obama, the share of GDP consumed by government spending has jumped by nearly 8-percentage points in the past 10 years. And with Obama proposing and/or implementing higher income taxes, higher death taxes, higher capital gains taxes, higher payroll taxes, higher dividend taxes, higher business taxes, and a value-added tax, it appears that American-style big-government “stimulus” will soon be matched by European-style big-government “austerity.”

Go read the rest, which includes this from the Christian Science Monitor.

But both Dan and the CSM may be taking the whole thing too seriously. Obama’s attention is elsewhere:

In the golf course.

I kid you not:

When U.S. President Barack Obama stepped off his helicopter in Huntsville on Friday, the first thing he said was, “You’ve got a lot of golf courses here, don’t you?” Industry Minister Tony Clement told the National Post in an exclusive interview.

See? It’s all in the drive.

Speaking of drives, the press was sent away. 150 miles away, that is,
Obama Gives Press the Slip

Last [Friday] night, the White House sent the press corps — which by agreement stays close to the president in order to report on any incident — back to Toronto, leaving the president 150 miles behind. In the wee hours of this morning, the crew of a dozen or so reporters and photographers in the press corps got back on a bus and returned to Muskoka for the day’s events.

It is highly unusual for the president to shun his permanent media detail that way, particularly at a high-profile event in a remote location.

Highly unusual, you say?

Name one president in the past twenty years who has done this at a G8/G20.

But hey, Obama doesn’t want anyone catching him on the links.

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Filed Under: Barack Obama, G8, Lula Tagged With: Fausta's blog, G20, golf

June 26, 2010 By Fausta

South of the Border’s lying lovefest

I’ve posted that South of the Border tanked in Caracas, and will tank here. Well, if you read this review, you can understand why,
To Chavez, With Love
Oliver Stone’s mash note to the dictators of Latin America.

While the film’s major focus is on Mr. Chávez, it also covers Bolivia’s Evo Morales, Brazil’s Lula da Silva, Argentina’s Cristina Kirchner, Fernando Lugo of Paraguay, Rafael Correa of Ecuador, and Fidel Castro’s younger brother, Raul. By Mr. Stone’s lights, all of these heads of state should be celebrated for daring to take on our country, the imperialist giant. “It is the big story that hasn’t been told,” Mr. Stone said. “These leaders are being trashed as dictators because our leaders don’t like them.”
…
The film depicts the ups and downs of Mr. Chávez’s rise to power, including his failed 1992 coup. It recounts how he was saved from death by armed forces loyal to him, and was brought back to power in large part by Gen. Raul Baduel. The general is shown discussing the role he played in Mr. Chávez’s restoration.

A small detail Mr. Stone conveniently leaves out is that in 2009, Gen. Baduel, who Mr. Chávez had appointed as defense minister, was stripped of power, indicted for corruption, and imprisoned because he had opposed Mr. Chávez’s attempts to institute constitutional changes that would transform Venezuela into a formal dictatorship.

What Mr. Stone and his writers have presented is a standard far-left narrative that is part of a long line of propaganda films, a modern American version of the old agitprop. There are no dissenting voices in this film. Nor is there any mention of the fact that Mr. Chávez has closed down television and radio stations that disagree with him and arrested dissenting political figures.

Another sin of omission: Mr. Stone makes no mention of Chile, which in the 1970s embraced economic liberalization and successfully reduced poverty much more than Mr. Chávez has managed to do in his own country. As writer Tariq Ali argued after the film ended, even under the recent socialist government Chile did not make the kind of structural Marxist changes that he and Mr. Stone believe is necessary for real change. Thus moderate leftist countries south of our border simply don’t count as “progressive.” Perhaps that’s why the filmmakers only praise those regimes that use their elected office to quickly institute an end to all limitations on their power.

Those interested in the truth about Latin America should save their money when “South of the Border” opens this weekend, and rent Ofra Bikel’s “The Hugo Chavez Show” from Netflix, or watch it for free on the PBS Frontline website instead.

Speaking of which, here’s FrontLine’s The Hugo Chavez Show, and the first part in YouTube,

While we’re watching movies, Syria’s Assad is on a state visit to Venezuela.

UPDATE
Alek Boyd:

The bit in the [New York Times] article that caught my attention though, was this:

Instead Mr. Stone relies heavily on the account of Gregory Wilpert, who witnessed some of the exchange of gunfire and is described as an American academic. But Mr. Wilpert is also the husband of Mr. Chávez’s consul-general in New York, Carol Delgado, and a longtime editor and president of the board of a Web site, Venezuelanalysis.com, set up with donations from the Venezuelan government, affiliations that Mr. Stone does not disclose.

For years I have been following the activities of Gregory Wilpert, arguing that he was nothing more than a paid propagandist, for I was convinced that, unless some benefit was derived, no one with a right mind would risk reputation defending Chavez so passionately, as Wilpert has done. Then I found out that the site he edits was registered and set up by Chavez’s Consul in San Francisco, and it was further revealed to me that Wilpert was married to a chavista: Chavez’s Consul in New York. I got to admit, some fanatics, Wilpert included, did write to me to say that my expose of Wilpert’s connections meant nothing. I guess now that it has been printed in the New York Times I can feel vindicated.

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Filed Under: Bashar Assad, Raul Baduel, Syria, Venezuela Tagged With: Fausta's blog, Oliver Stone, Soth of the Border

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