Sunday, September 21, 2008

The Silent Encroachment: Goverment Against the People?

I know it has been far too long since my last post, however, recent events with the economy and now the governmental response have forced a response from these otherwise dormant pages.

As anyone who has been paying attention to the news for the last couple of months knows, and certainly anyone with any money in the stock market is aware, we are in the midst of arguably one of the worst economic corrections this country has seen since 1929.  First, I refuse to refer to this recent down-turn in the market as a crisis.  This is not a crisis since we are not dealing with a situation where people are jumping out of windows or literally swallowing a bullet to resolve their troubles.  The hope is that investors have learned from history and adequately diversified their interests to prevent the true destruction of the financial system.  Watching trading trends shows that money is still to be made in the futures and commodities markets such that we aren't staring down the pipe at the kind of bankrupting bust of Black Monday.  This doesn't mean that I am happy with the present circumstances.  I don't like seeing 500 point swings on the Dow Jones any more than any other investor.  However, we are far from the crisis the media would have us believe plagues our portfolios.  In addition, our nerves should be settled some by the fact that the economic big wigs can't decide whether we are presently mired in a recession.  Looking at the economy with a level head, we see a lot of people, some in high places and some in not so high places, who made a lot of bad decisions.  The current result is a market correction.  Besides, anyone who is willing to throw around the "R" word needs to remember that the Dow is still up well over 1000 points since the last recession.

That being said, we need to look at what those geniuses on Capitol Hill are suggesting to fix the problem.  First, there was the Bear Sterns bailout.  This was an understandable move since the debt load taken on by the government is still debt that could be recovered.  The same goes for Fannie, Freedie, and AIG.  Leheman Brothers was allowed to die a slow free market death because it didn't necessarily impact the greater economic good by having an influence on the operation of the American or World economies.  These moves have brought positive repsonses in the markets as would be expected by the likely benefits they will provide in stabilizing the insanity that has consumed the credit markets since the beginning of the year.  Now, though, there is a ludacris idea that a member of the Bush administration should be handed the reigns of the credit markets in what one commentator has called the biggest peacetime hand-over of power from the legislative to the executive.

Last week, a bill floated into Congress suggesting the creation of an new administrative entity that would be in charge of watching and maintaining the credit markets.  Superficially, this sounds great, a solution for all of this market instability.  On further review, the office suggested is far more deletarious to the American taxpayer.  The bill would create an office that reports to Congress on the health of the credit system once every 6 months, and is responsible for managing volatile mortgage debt.  I want to be clear, the ambit of power provided to this agency specifically concerns mortgages.  Effectively, $700 Billion (yes that says BILLION) would be used to "purchase" a bulk of the bad mortgages floating around the system, reinfusing the financial industry with all of the funds that seem to be caught up in a myriad of mortgage foreclosure litigation.  The other scary aspect of this bill is its increase on the federal debt cap to $11,315,000,000,000 (the thought of $11 trillion in national debt makes me physically ill).  At present, the national debt sits just shy of $9.7 trillion.

Also, I have to point out that Section 8 of the bill prevents any other governmental body from reviewing or revoking its decisions in direct contravention of the Constitution and the Administrative Procedure Act.  Isn't this kind of unchecked authority what landed us in this mess in the first place?  This goes without even raising the concern of this section setting a precedent for permitting the President or one of his subsidiary entities from opting out of review and regulation.  Could you imagine what would happen if the next version of the PATRIOT Act permitted the Secretary of Defense this kind of Deference?

The bill has some other interesting ramifications as well.  It will be able to get funding under only one part of the US Code not withstanding the restrictions of other sections esbalished by Congress.  In addition funds will be raised by buying and selling mortgage backed securities.  Is it me, or does it sound like the Executive Branch just opted the whole of the American Electorate into a joint mortgage backed securities investment firm?  With the current state of the markets, that doesn't sound like it will protect the American Taxpayer or stabilize the markets (the considerations the secretary of this new administrative body is legislatively bound to take pursuant to Section 3 of the bill).  In addition, this new found ability to acquire and secure mortgages and mortgage securities sounds a lot like what Fannie and Freddie were doing before their "takeover".  It is almost as if these financial firms were taken over by the Executive in a legislatively backed adminstrative fiat.  I shudder to think of the exposure of the average American, many of us reeling from current state of the economy.

The bottom line:  This probably isn't a good move.  First, deregulation proposed by the Bush administration got us into this mess.  The conflagration grew as a result of the Federal Reserve attempting to control deflation by keeping interest rates very low.  The economy boomed because of this loose liquidity.  The government, namely the President, kept spending, too, racking up unheard of amounts of national debt thanks to a war no one wanted but the President wanted in the first place.

Why should we permit the Executive branch, who so thoroughly managed to put us in this situation, dig the taxpayers into a deeper hole through more bad policy and economic centralization?

I wouldn't go so far as to call this the next step on the way to a Fascist American government, but it certainly won't help anyone any more than if it were.

Saturday, May 03, 2008

Cutting the gas tax = bad poltics

While stumping in North Carolina this week, Hillary Clinton proposed something absurd, a holiday from the Federal Gas Tax.

At first, this may not seem like such a bad idea. However, if you dig into what Clinton proposes, you will soon see a zero-sum game dressed up as political pandering. The bill would free the end consumer from the per gallon tax, but would impose a tax on oil company profits. Anyone who knows anything about cost shifting in business, or has even a small iota of common sense can see why this is such a bad idea. The Oil companies get taxed, so to recuperate this extra "cost" they shift the burden on the end consumer. The net result is an increased cost for their product. While the price at the pump may not contain the extra federal sales tax, the inflated cost of the product being purchased nullifies any net reduction in fuel costs. Its no wonder so many people have started raising considerable doubt about the proposition.

Senator Obama has already made his comments. In addition, other members of the media have discussed the potential harm to the economy.

I would like to see something honest from the Clinton campaign that isn't loaded with useless double-talk or empty promises. Maybe then we could actually consider her a real candidate for President. Otherwise, she should do us all a favor and bow out.

The Media....Really.....

I can't figure out what is going on with the media these days, particularly when it comes to political coverage. I understand that there was a sizable upswing in ratings for political news during the writers' strike. At that point there wasn't any need for sensationalizing the primaries. It seems now that this need for ratings could be the only reason for covering the elections as they have recently.

You only need to look at the CNN Politics front page to see what I am talking about. In this instance, the top of the page has a picture of Reverend Wright, and asks whether he will have an impact on the Presidential election. While there are glimmers of decent and unbiased reporting on the site, none of it seems to sit in a place of prominence.

I am all for free press, but when entertainment value and ratings are favored to the detriment of the political process, media outlets have clearly gone astray of their Constitutional obligation to provide accurate information to the public.

Friday, April 11, 2008

Someone over at CNN is an Idiot...

Huffington Post broke the following story about Barack Obama and his statements at a recent fund raising event.

To put his language out there:

So, it depends on where you are, but I think it's fair to say that the places where we are going to have to do the most work are the places where people are most cynical about government. The people are mis-appre...they're misunderstanding why the demographics in our, in this contest have broken out as they are. Because everybody just ascribes it to 'white working-class don't wanna work -- don't wanna vote for the black guy.' That's...there were intimations of that in an article in the Sunday New York Times today - kind of implies that it's sort of a race thing.

Here's how it is: in a lot of these communities in big industrial states like Ohio and Pennsylvania, people have been beaten down so long. They feel so betrayed by government that when they hear a pitch that is premised on not being cynical about government, then a part of them just doesn't buy it. And when it's delivered by -- it's true that when it's delivered by a 46-year-old black man named Barack Obama, then that adds another layer of skepticism.

But -- so the questions you're most likely to get about me, 'Well, what is this guy going to do for me? What is the concrete thing?' What they wanna hear is -- so, we'll give you talking points about what we're proposing -- to close tax loopholes, you know, roll back the tax cuts for the top 1 percent. Obama's gonna give tax breaks to middle-class folks and we're gonna provide health care for every American.

But the truth is, is that, our challenge is to get people persuaded that we can make progress when there's not evidence of that in their daily lives. You go into some of these small towns in Pennsylvania, and like a lot of small towns in the Midwest, the jobs have been gone now for 25 years and nothing's replaced them. And they fell through the Clinton administration, and the Bush administration, and each successive administration has said that somehow these communities are gonna regenerate and they have not. And it's not surprising then they get bitter, they cling to guns or religion or antipathy to people who aren't like them or anti-immigrant sentiment or anti-trade sentiment as a way to explain their frustrations.

Um, now these are in some communities, you know. I think what you'll find is, is that people of every background -- there are gonna be a mix of people, you can go in the toughest neighborhoods, you know working-class lunch-pail folks, you'll find Obama enthusiasts. And you can go into places where you think I'd be very strong and people will just be skeptical. The important thing is that you show up and you're doing what you're doing.

The editors over at CNN felt it was necessary to sensationalize a portion of this text, namely:

Here's how it is: in a lot of these communities in big industrial states like Ohio and Pennsylvania, people have been beaten down so long. They feel so betrayed by government that when they hear a pitch that is premised on not being cynical about government, then a part of them just doesn't buy it. And when it's delivered by -- it's true that when it's delivered by a 46-year-old black man named Barack Obama, then that adds another layer of skepticism.

Lets look at this for a moment. The argument against Obama's statements, and comments clearly meant to start a pro-Clinton row, presents the speech in a light that suggests Obama is stereotyping small-town America.

You could call this the worst kind of contextual political hyperbole that has little to no merit.

In reality, Obama is highlighting the trouble any political candidate will have connecting to the those who live in small towns ravaged by the policy of the federal government over the last 25 years. This isn't a stereotype, this is the unfortunate truth. Obama made a statement about the way our federal government has harmed middle America. These circumstances, created by two Bushes, a Clinton, and a Reagan, are what needs fixing in this country. Obama used the truth as an example of how he hopes to change things in this country.

It is unfortunate that CNN had to take a decent speech out of context in order to make political news.

Saturday, April 05, 2008

A moment on Inflation...

I have commented on the inflation and the state of the economy in the past, however, this particular post will focus on how we can fix the systemic problem plaguing our economy.

I don't characterize the problem as systemic lightly. We need to look at the history of the nation to really determine how we got here. In reality it all seems to have started with the Great Depression, and then was exasperated with the rise of social programs in the 1950's. The demise of the gold standard was only the start of the problem.

Monetary Inflation comes from an increase in the availability of liquid currency. The current situation in Zimbabwe and in Germany between 1914 and 1923 are examples of extreme inflation, also called hyperinflation. These situations resulted from the government printing money to subsidize the cost of their debt, social programs, or militarization. Interestingly, something similar is going on in the United States.

Currently, the national debt stands at just under $9.5 Trillion. Much of this deficit comes from the creating of funds through securities to other countries like China. Until recently, the greenback was the favored international currency because of American economic dominance. However, this is no longer the case, pushing the government to the edge of hyperinflation, something every American should be concerned about.

Debt is really the problem. Historically, the amount of debt has steadily increased. As debt increases, so does the availability of liquidity. Applying basic principles of supply and demand, the increase in availability typically means a decrease in value. The net result of there being more money available for everyone to spend means the decrease in the value of the greenback.

While debt is the problem, it doesn't seem like personal debt is really the issue. Security, as extended by credit companies, theoretically operates to insure the continual operation of the economy by making what is hard to get a hold of easier to attain by the average individual. However, when this tactic is employed by the government, the result is a devaluation of the dollar, and the increase in the value of everything dependent upon that currency.

In the United States, this seems to have created a compound problem. The government has outrageous debt, and to keep up, the average American has to have an equally outrageous amount of debt. All of this money in the air lead to a spike in the number of security instruments available, e.g. mortgage notes, credit card debt, etc. Like the value of the dollar, the value of these securities is contingent on their availability. The increase in the transaction of security instruments, and their increased availability would ultimately lead to their devaluation. However, the value of security instruments didn't seem to decrease in value like everything else in the market. The only reason I can think of is that they aren't real commodities. The only value a security is tied to is the value of the currency that supports it and the currency that supports it and the potential interest that will accrue on the debt.

Lets put the entire economy into perspective for a moment. We have a remarkable increase in the value of property, driving largely by inflation. We have an increase in the transaction of mortgage based securities and other debt securities as a way to create derivative income for large lenders. We have smaller banks getting involved in the business of securities as a way to leverage their business. However, everything is reliant upon a steady value of the dollar. Now, throw current inflation into the mix. The net result is a substantial devaluation of all of these securities. The only way for the debt based economy to keep pace is to issue more debt. Personal debt layered upon the exponentially increasing national debt only adds to the push toward the downward spiral of hyperinflation.

The ultimate question is whether there is a solution. Some have proposed switching back to the gold standard. This is idea is fundamentally flawed because the overnight revaluation of the dollar would make every household rich if they were permitted to retain the money they currently possess. The only way to implement this change would be to redistribute liquid assets to every individual based on their actual gold worth. For example, your $1000 bank account would end up only having a total balance of $25. No reasonable human being would be interested in such a situation.

Instead, a better solution would be to reduce the national debt, increase interest rates, and for the average American to spend a substantial portion of their disposable income. This will result in the constriction of the availability of liquid assets while insuring that the economy keeps pace from a consumer perspective. As the Federal Government and the population restrict the availability of the dollar, we will get back to a point where inflation turns to deflation, bringing the value of the dollar up and the price of everything else down. The steady process would eventually reach a point where the value of the dollar effectively hits the gold standard on its own. At that point, steps should be taken by the federal government to normalize its policy to prevent the situation the United States economy is currently in by developing sound economic policy.

However, the gold standard shouldn't be the goal. Rather, if we can get back to a point where we are close to parity with major international currencies, still have reasonably available consumer credit, and very strict governmental economic policy, we will see a market that returns to being driven by the consumer and not the Government.

That should really be the goal, a healthy and consumer driven market not reliant on the whims of government spending. Instead, the market would permit flexible valuation of commodities based on production, insure that workers receive a livable wage, and result in greater prosperity for all of us.

Sunday, March 30, 2008

A Moment For Iraq...

I haven't touched on this subject much because the war, while still raging, has been in a bit of a stalemate while the political process has attempted to create a more stable Iraq.

Leave it to the politicians to screw things up!

The Prime Minister of Iraq, Nouri al-Maliki, decided to disregard the cease fire between the Sadr militia, also known as the Mahdi Army, in favor of a new offensive to weed out militants at the end of last week. Unfortunately, United States and British forces have been dragged into the fray. Those on the ground fear this is the start of an Iraqi Civil War.

At the very least, this should be cause for an American military withdrawal from Iraq, with due haste. The Iraqi government has now taken affirmative steps to govern itself, and pursued a policy objective wholly separate from the aims of any U.S. Military operation. The Iraqi government has disregarded our help, and it is time for them to deal with their decision, and our mistake. There may be a smart way out, contingent upon the election of a Democrat for President. We can only hope. Imagine what the budget for the war would do for our economy or our educational system.

This is proof that the powers that be don't care about the results. Why not let them lie in the beds they have made.

In a word...Quixotic...

Those who watch this blog with some regularity (who I appreciate to no end), probably noticed that it has been some time since an update. This is due to circumstances of life as well as circumstances of content. Realistically, the news these days seems absolutely unpredictable and irrational. In a word, quixotic.

I wanted to take some time to step back and let things percolate. I had a need to see what would happen with things like the FISA amendment debates (more in the future), with the situation in Iraq, or the fallout from the mortgage foreclosure debacle before I could continue to opine in these pages. In the interim, crazy things have been happening. The House, while not passing the Senate FISA bill, did pass its own abomination. The Iraqi government unilaterally broke the cease fire with the Mahdi Army. Bear Sterns is the most recent casualty of the American credit crunch (also consider yourself warned going into Presidential election season of the connection between John McCain and the guy who got us into this mess).

Strangely, this isn't the weird stuff. No, instead we have a new attorney general who is equally as incompetent as the old one, demonstrating a propensity to use party line fear-mongering in unrelated debates concerning things like intellectual property piracy. That high school kid subject to the RIAA's extortionist litigation tactics is probably not supporting terrorism, but Mukasey sounds like he wouldn't mind sending the kid to Guantanamo for spring break.

It gets worse. Some nut case seems to think that the new particle accelerator going on line at CERN will destroy the world. For the record, it is impossible to create a quantum singularity using an atom smasher. Just ask this guy, who, I am sure, would know a thing or two about the possibility of a world-ending catastrophe. As a side note, who is the idiot lawyer who took this case and why did they think subject matter jurisdiction exists, even in a Hawaii federal court? I hope the retainer is huge, with sufficient disclosures regarding the unlikelihood of succeeding.

On a completely unrelated note, Hillary Clinton is an ego-maniacal habitual liar hell bent on destroying American Democracy.

So, yes, the state of our union just under three months into the year is clearly evincing some problems in recognizing reality. Why aren't we more concerned with interesting breakthroughs in nanotechnology or bio-technology that could lead to finding new energy sources, or realizing the precipice on which we, as a world population, currently stand? We need to wake up and get focused on finding solutions to real problems!

Sunday, March 09, 2008

Amazing Ignorance and Idiocy...

I think the title of this post is sufficient to describe Senator Steve King's recent comments about the prospect of an Obama presidency.

I understand if Senator King is making a comment regarding Senator Obama's stance on how to wage the war on terror, but to implicate Senator Obama's middle name in conjunction with his corresponding "rhetoric" stoops to the level of arrogant, ignorant, irresponsible fearmongering. Lets consider what has been going on in recent history. The President, a Republican and supposed conservative, has spent $2 Trillion to wage the so-called war on terror, which has done little to sully the world's opinion of our great country, burned political bridges, and managed to do nearly irreparable harm to two of the largest economies in the world. If this is how we are supposed to fight the so-called global war on terror, a reasonable mind might think it is time for a change.

The name Hussein, though, isn't a bad name. In fact, his name was meant as a tribute to a family member.

The reality of Senator King's comments boils down to little more than xenophobia driven largely by party line ideology. I had hoped that our elected officials would be far more decorous. Clearly I am mistaken.

Senator King, as an American, you should know full well that this kind of worthless rhetoric has no place in United States politics. You should be ashamed of yourself as an American, but especially as an elected official.

Friday, February 29, 2008

Coming back to FISA...

I stated in my last post that I would spend some time discussing the dangers of the proposed amendments to the Foreign Intelligence Surveillance Act, or FISA. Last year, Congress passed the Protect America Act, which expired a couple of weeks ago. At the beginning of February, the Senate voted to make the Act permanent. As discussed in a previous post, the Act provides protection for telecommunications companies assisting in the NSA Domestic Surveillance Program by substituting the Federal Government for those companies in litigation against them over the program. Making this law permanent would insulate the federal government, permanently, from repeated violations of the Fourth Amendment. The defense oriented rhetoric coming from the Whitehouse is remarkably abhorrent on this issue, particularly in regard to amendments to FISA.

I find it very interesting that this rhetoric specifically states that the proposed bill would permit the government to use third parties to assist in foreign intelligence gathering without the threat of reprisal. I am amused that the focus is on avoiding the need to obtain court orders for foreign surveillance. Interestingly, FISA doesn't restrict the ability of the President to order wire taps on targets outside of the country. Originally, FISA operated as a check to verify that the President wasn't doing something in violation of an international treaty or the US Constitution. The notion that the purpose of the bill is to empower foreign intelligence gathering is downright absurd. The President already has this power, so an expansion of FISA isn't necessary. Moreover, the only reason to propose these amendments is to side-step the fourth amendment. If the purpose is really to target foreign targets, why is the NSA tapping the phone lines of everyday Americans? Watching Bob Smith on the corner has nothing to do with catching Osama Bin Laden. The administration may argue that this is necessary to root out homegrown terrorism, an fear mongering buzz word recently in the news, however, this kind of problem has always been considered a problem for law enforcement. This new encroachment into personal privacy takes a step well beyond the historical roles for the Federal Government.

The worst part of this whole situation, though, is the Whitehouse's insistence on pursuing domestic surveillance regardless of having Constitutional or Legislative authority.

The House of Representatives was correct in letting this bill die. It should never be revived either. Passage of this bill will only verify for the President that he can continue to violate the Constitution without fear of retribution. Hopefully, the 2008 Presidential election will provide some form of restitution to the American people by electing a candidate who won't so willingly discharge his constitutional oath. If this bill is to pass, it would provide an ample basis to pursue impeachment as the President would be in clear violation of his oath by enforcing a law that clearly abrogates the Constitutional restrictions of the Fourth Amendment.

Impeach the President, and replace any member of Congress who continues to permit such gross violations of the supreme law of the land. That is what American citizens deserve to see happen.

Saturday, February 16, 2008

FISA and the slide towards totalitarianism

I have stayed out of this fray this week largely because I wanted to see how things would develop after the Senate decided to authorize the amendments to FISA, also known as the Protect America Act. While I will have a more detailed review of the Senate's vote in my next post, I want to use this post to comment on the President's reaction to the resistance by House Democrats to the Senate's measure. For more on the legal ramifications of this proposed law, see my previous posts on the subject.

For the record, the President stated:

They'll have to ask themselves, 'Do you trust the intelligence community more than you trust Democrats who are beholden to their left-wing?' And that's the debate that this country is going to have.


The American people will find it baffling that on a day that House leaders are trying to put off passing critical legislation to keep us safer from the threat of foreign terrorists overseas, they are spending scarce time to become the first congress in history to bring contempt charges against a president's chief of staff and lawyer. ... The 'people's House' should reflect the priorities of the American people, not the fantasies of left-wing bloggers.

I find both of these comments repugnant. In the last 7 Years we have grown accustom to random statements of absolute incompetence from Mr. Bush, however, this one in particular takes the cake.

Mr. Bush, the amendment to FISA you advocate is the most liberal and violent act of proposed legislative fiat seen in this country since the passage of the Espionage Act of 1917. This Bill would permit the Federal Government to tap the phone of any American citizen without the need for probable cause or a warrant. This law would do away with individual privacy on a substantive level. Moreover, this wholesale assault on civil liberties is far from the conservative values to which you claim to ascribe.

Mr. President, it is not the "left-wing bloggers" who are to blame here, it is yourself. This brazen attempt to subvert the Constitution, expand executive police power, and install yourself as a defacto dictator is an act so contrary to the notion of American Democracy as envisioned by this Country's founders that it is virtually impossible for you to continue to call yourself a conservative let alone a United States Citizen. The only kind of conservative you can rightly call yourself, Mr. Bush, is a fascist. You should be ashamed at yourself for rattling the saber of fear at the American people under the auspice of national security. Clearly, this is an act of Presidential insecurity, one that demonstrates how callow you and your administration has truly become it comes to dealing with the American people and your artificially inflated threat of terrorism. How dare you impugn those who are exercising their right to speak and inform the public of exactly how despicable these acts are and the effect they will have on the average American.

Merely Advocating for this kind of law is a flagrant violation of your oath of office. You, sir, should be ashamed of even considering imposing such an unconstitutional amendment on a law that originally operated well within the constitutionally founded notion of checks and balances. At this point, I call for your resignation, and the resignation of the Vice President, or for Congress to take the necessary steps to impeach you and the Vice President for a violation of your oath. A person supporting such an un-American ideology does not deserve to sit at the helm of the Executive branch of this government nor does he or she deserve the support of the electorate.

Saturday, February 09, 2008

One More Shot at FISA...

I am posting the following link from the ACLU on FISA. I posted last week about the dangers of the so-called "Protect America" Act. It is really more like the "Protect Corrupt Despotic Politicians From Prosecution" Act. Read up, be aware, CALL YOUR CONGRESSMEN!

One side note, the statement about the purpose of FISA isn't entirely accurate. At its core, the original purpose of FISA was to restrict the ability of the President to wire-tap phones outside of the United States, not wire-tap Americans. However, earlier amendments to FISA made it apply to Americans when it never had before. FISA never applied to Americans before because that is supposed to be the role of the Fourth Amendment. At the very least, you can see how far we have come already, and why further amendments to this bill need to end.

Saturday, February 02, 2008

Rights and Telecom Immunity...

Recently, the President and even the Vice President have been stumping for a bill that would provide retroactive immunity to telecommunications companies who assisted the NSA Domestic Surveillance Program. To be clear, this portion of the proposed FISA amendment substitutes the federal government for a telecommunications company in civil law suits brought by plaintiffs for the telecommunications company's participation in the Warrantless Surveillance program. However, the proposed amendment also permits the application of any and all defenses, privileges, and immunities available to the federal government. The net result of substituting the Federal Government for telecommunications companies is to permit the Federal Government to utilize the "state's secrets" privilege to bar further litigation of cases that would restrict otherwise unconstitutional action by the executive branch via organizations like the FBI, CIA, and NSA.

There are other beneficial consequences to these proposed amendments, they effectively insulate the present leaders of the executive branch from future prosecution for violations of civil liberties and war crimes by preventing evidence of their wrong doing from coming to life. The fact of the matter remains that the leaders of our country are concerned with covering their own behinds. Keith Olbermann's special comment elaborates on this point. The special comment, though, doesn't really get at the meat of the issue. FISA exists, and has existed since the Nixon administration. The purpose of FISA was to put a limitation on the Executive's ability to spy on individuals outside of the United States. The 2003 amendments to FISA undercut this purpose by unconstitutionally permitting the FISA courts to hear petitions by the Federal Government to tap American Citizens on American soil, something regularly left to a neutral magistrate under the Fourth Amendment. Congress has already rendered FISA useless in pursuing its original purpose.

What is most important about this situation is the realization that telecommunications immunity amendment to FISA only serves to further insulate the brazenly unconstitutional actions of the President and his minions. Pragmatically, this bill would rubber stamp the domestic surveillance program under the law, making it legal for the government to disregard the Constitution. This will further progress the Fascist shift currently occurring in the United States.

If this law passes, we can be sure that Big Brother will be listening, regardless if you have a right for them not to be.

Tuesday, January 29, 2008

Interesting Thought...

The following YouTube video got me thinking about a lot of things. At the very least it should raise a question regarding the need things like income tax and the CIA. What is more impressive is that this is just one example of where politicians have gone wrong these days. Check it out.

Saturday, January 19, 2008

Returning to the armchair of Economics...

Some time ago, I authored a post discussing the nature of the economic dangers presented by the current operation of the American economy. That post detailed the dangers of inflation caused by the ever-increasing national debt. Interestingly, it appears our credit has finally run out.

Anyone who watched Chairman Bernanke's address to Congress last week knows that the economy is in a dangerous place. Without an explicit statement, the Chairman suggested that Congress pass an economic stimulus bill that does not increase the national deficit. This demonstrates the danger inflation currently presents to the economy. Add to that almost 30 years of wasteful government spending without seeming end, and the United States could easily end up bankrupt (no guarantee on how long this link will last).

This paper, published by the Federal Reserve in St. Louis, shows that our current economy will collapse absent a radical change towards a stronger dollar and stable economy. Current swings in the market clearly demonstrate the presence of these dangers driven largely by the fall out from the sub-prime mortgage debacle.

The sub-prime situation should be a sound lesson for legislators and investors alike. This situation has presented an example of what happens when debt comes due quickly and the debtor can't pay. Recent economic data from China suggests that a down-turn in their markets will likely advance the debt owed by the United States. If this occurs, the United States will end up in the hot-seat, destroying the value of the dollar and resulting in hyperinflation. This would be the end of the American economy as we know it. At this point, the United States really does look bankrupt. Maybe it is time for our governmental leaders to realize that the best economic shot in the arm starts with fiscal responsibility at home.

Friday, January 04, 2008

On Politics and Religion...

I have been struggling with these thoughts since the beginning of the Presidential election season. There will likely be a very different perspective on this very same issue at my other blog, Rants of a Confused Christian, explaining the dangers to faith when religion plays a central role in politics. This post is not directed at religion in a derogatory way; rather, it aims to consider the pragmatic aspects of having a political leaders who focus on their religious beliefs instead of the needs of the people they are elected to serve. This should be considered as an examination of the detrimental effects caused by religion playing a central role in politics.

A fundamental principle undergirding the structure of American democracy is the concept of personal autonomy. Given the history of this nation, it is no surprise that part of this concept of liberty is the right and ability for any citizen to follow the religion of their choice. After all, this country was founded by people persecuted for their beliefs. The structure of our government aims very specifically at escaping the trappings of restrictions on religious beliefs.

While religion is very important on a personal level, it should not carry a strong focus in American politics. The law of the land declares this country a secular nation, lead by reason, and aimed at protecting the personal interests of the individual. Religion should be personal and remain that way for several reasons.

First, the duties of a President are to consider the interests of the individuals making up our melting-pot society. To have a President who is driven solely by religious fervor is to disregard the interests of every other individual who does not share the President's religious ideology. Current Executive policy is rife with examples. Abstinence education is an apt instance. Take the position of one think tank. Ideally, abstinence education would solve social problems created by teen sex. However, the numbers suggest such a policy fails. Abstinence only education originates from a strong Judea-Christian moral structure that advocates purity of the body before marriage. I agree with the concept, but the reality of the situation is more concerned with what non-Christians do in the face of Christian-influenced policy. The fact of the matter is this so-called "religious" policy fails because it doesn't concern itself with what non-Christians will do. Considering more ubiquitous policies that approach a problem in a contextual manner is clearly the only adequate method. This means religious ideology cannot be the driving factor behind public policy.

Second, broad executive decision making should focus on determining the consequences of policy and the effect of such policies on American citizens. All too often it seems that religion creates a singular vision in the eyes of a political leader. They may be serving God's purpose, but does that purpose live up to God's mandate? The best example of this situation is the President's "war on terror." Policy decisions made in the face of this singular agenda ascribe to a focused ideology also common in many major religious organizations. The leader loses sight of the tress, so to speak, for the forest. The only thing that matters is the major goal. Beyond this point, the minutiae makes little difference. However, in present historical examples like the "war on terror" or the Iraq War, it is all to clear that the costs to the country were not adequately considered because too much weight was/is placed on the ultimate goal. The current net result is large American casualties, a reduction in protections for civil liberties, and the creation of new enemies intent on using "terrorist tactics" against American citizens. Clearly, this kind of mono-focused policy track fails to adequately preserve the needs of the people. Limiting the role of religion in pursuing foreign policy may provide a desirous result.

These are two of the most prevalent examples of how having a political leader driven by religion in making policy can, and do, detrimentally affect the greater secular whole. The result is not a better America, but one that fails to pragmatically approach social issues confronted by the average American. The executive loses sight of the important interests of the people (the trees) for the goal of their grand policy (the forest). This single minded approach to governance fails to benefit those whom the establishment was created to foster and protect. As a result, we should aim to elect leaders who put the people before the plan, who consider the practical effect of those plans, and adjust the goal according to the best interests of the public.