To fatten a cat 0

Redistribution is Socialism. No need to go looking for some dead economist’s definition of the S word. If a central agency with the power of coercion, which is to say a government, takes money from some and distributes it to others, that is Socialism in practice.  The reach of government is widened, individual freedom narrowed.

It should not be called an economic system, because it cannot create wealth. It stultifies innovation and productivity. It kills incentive. It levels down. It is the primrose path to poverty.

Under the leadership of Obama and his gang of collectivists, redistribution is well under way in America. Change to Socialism is well under way.

And Obama’s vision is not just of a socialist America but of a socialist world.

The Investor’s Business Daily comments on how a small, failing, Chicago bank that – inter alia – redistributes US tax-payers’ money to Kenya (the homeland of Obama’s father) is kept going by effort of the redistributionists in the White House.

Sometimes banks are too small to fail, such as when they are in the president’s hometown, deal with the president’s friends and serve the president’s agenda. Or should we perhaps say too connected to fail?

ShoreBank’s Web site boasts: “Van Jones [Obama’s erstwhile ‘Environment Czar’ and admirer of Mao – JB] saves at ShoreBank so his money fights for green jobs just like he does.” …

While President Obama rails against the robber barons of Wall Street, the politically connected Chicago financial institution with a politically correct agenda gets a pass and gets a bailout all its own. It is the poster bank for hope and change.

Fox Business points out that “ShoreBank has ties to the Obama administration. Valerie Jarrett, President Obama’s senior adviser and a fixture in Chicago politics (as was the president), served on the board of Chicago Metropolis 2020, a civic organization which was run by Adele Simmons, a director at ShoreBank.”

ShoreBank was in trouble and needed financial help, either from the government or other financial institutions that have already received government money.

Rep. Judy Biggert, R-Ill., has joined Rep. Spencer Bachus, R-Ala., in a letter to Obama asking for records concerning ShoreBank and how it lined up at least  $125 million in capital from major banks to qualify for $75 million from the federal government.

ShoreBank has a history of making the very kind of risky loans that leftist agitators such as Acorn, with government help, pressured banks to do under the Community Reinvestment Act.

During his visit to Africa last year, Obama praised the bank for its involvement in projects in Kenya.

Kenya? Why is a struggling community bank in the Windy City involved in projects in Kenya? We hesitate to guess.

Ten other Illinois banks have already failed in 2010, according to the Federal Deposit Insurance Corp. ShoreBank has reportedly received $20 million from General Electric, $20 million from Goldman Sachs and $20 million from Citigroup — with more promised by JPMorgan Chase, Bank of America and Morgan Stanley.

Considering ShoreBank’s track record, is this where taxpayer money should be going?

Forgive us. We forgot for a moment about that whole sharing the wealth and redistribution thing. …

“I did not run for office to be helping out a bunch of fat cat bankers on Wall Street,” President Obama said in an interview on the CBS “60 Minutes” program.

He did run to fundamentally transform America — and if those banks are on Main Street and they follow Obama’s agenda, they get help from those fat cats now in thrall to the government, not to mention all the president’s friends. Pretty sweet deal.

A thing of spit and cobwebs 0

Man-made Global Warming was a thing built with the spit and cobwebs of cynical political manipulation and ingenuous credulity.

Warmists are struggling ever more frantically to defend their myth. No wonder. Not only reputations but whole industries have been built on it and TRILLIONS  have been invested in them. Governments have distorted economies because of it. Untold millions of people have been so convinced of it they cannot swallow the fact that it has been exposed as untrue. It is  believed in by many as a religious faith, and like any religious faith it may long continue to hold them in its spell.

The great economist Walter Williams writes about this at Investor’s Business Daily:

John Coleman, founder of the Weather Channel, in an hourlong television documentary five-part series titled “Global Warming: The Other Side,” presents evidence that our National Climatic Data Center has been manipulating weather data in the same way as the now-disgraced and under-investigation University of East Anglia Climate Research Unit. The NCDC is a division of the National Oceanic and Atmospheric Administration. Its manipulated climate data are used by the Goddard Institute of Space Studies, a division of the National Aeronautics and Space Administration. …

Mounting evidence of scientific fraud might make little difference in terms of the response to man-made global warming hysteria. Why? Vested economic and political interests have emerged where trillions of dollars and social control are at stake. Therefore, many people who recognize the scientific fraud underlying global warming claims are likely to defend it anyway.

• Automobile companies have invested billions in research and investment in producing “green cars.”

• General Electric and Philips have spent millions lobbying Congress to outlaw incandescent bulbs so that they can force us to buy costly compact fluorescent light bulbs (CFL).

• Farmers and ethanol manufacturers have gotten Congress to enact laws mandating greater use of their product, not to mention massive subsidies.

• Thousands of major corporations around the world have taken steps to reduce carbon emissions, including giants like IBM, Nike, Coca-Cola and BP, the oil company. Companies like Google, Yahoo and Dell have vowed to become “carbon neutral.”

Then there’s the Chicago Climate Futures Exchange that plans to trade in billions of dollars of greenhouse gas emission allowances. Corporate America and labor unions, as well as their international counterparts have a huge multitrillion-dollar financial stake in the perpetuation of the global warming fraud. Federal, state and local agencies have spent billions of dollars and created millions of jobs to deal with one aspect or another of global warming.

It’s deeper than just money. Schoolteachers have created polar-bear-dying lectures to frighten and indoctrinate our children when in fact there are more polar bears now than in 1950. They’ve taught children about melting glaciers.

Just recently, the International Panel on Climate Change was forced to admit that its Himalayan glacier-melting fraud was done to “impact policymakers and politicians and encourage them to take some concrete action.”

What would all the beneficiaries of the global warming hype do if it became widely known and accepted that mankind’s activities have very little to do with the Earth’s temperature? I don’t know, but a lot of people would feel and look like idiots.

I bet that even if the permafrost returned as far south as New Jersey, as it once did, the warmers and their congressional stooges would still call for measures to fight global warming.