Tag Archives: Wall Street Journal

This isn’t Camelot or the court of the Sun King

Reading The American Spectator today, Norman Podhoertz in the Wall Street Journal and Nile Gardiner of the UK Telegraph, reminded me of Evan Thomas (grandson of that loser but perennial socialist presidential candidate, Norman Thomas) declaring to Chris “tingly leg” Matthews in 2009 that “Obama is sorta god.”

(As an aside, Chris really should have this tingly leg thing checked out. It could be neuropathy caused by undiagnosed diabetes or something and maybe shove himself away from those jelly doughnuts, just in case it is. A weekly workout in the MSNBC gym wouldn’t hurt him, either. His god-dess Michelle will be the first to tell him, and the rest of us, that obesity is the number 1 cause of diabetes.)

But I digress and that’s a whole other blog.

Those were the days, weren’t they? Obama on the cover of every “news” magazine in the grocery store checkout line with the celestial halo around him, head upturned and nose in the air; the frown of determination and decisiveness across his face.

Under the spell of the messiah on Rolling Stone

Yes, Evan, he really was above us – on a ledge of your making. And every journalist in the nation, nay world, was all too quick and willing to acquiesce to their new found god Obama. His was the soaring rhetoric that was going to heal the world:

In the American Spectator, George Neumayr relates that “Obama loomed even larger than Lincoln. He was a “Lightworker,” as San Francisco Chronicle columnist Mark Morford​ put it in 2008, “that rare kind of attuned being who has the ability to lead us not merely to new foreign policies or health care plans or whatnot, but who can actually help usher in a new way of being on the planet, of relating and connecting and engaging with this bizarre earthly experiment.” [A bizarre earthly experiment? Does anyone really talk like this? Maybe if you were in a 70’s consciousness raising group, or something…]

Now that the Lightworker has fallen to earth and the glorious new way of being on the planet turns out to be a lowered credit rating, some of his prominent supporters have fallen silent or resentful. Heady Lincoln comparisons have given way to Carter comparisons, sotto voce: “We are watching him turn into Jimmy Carter right before our eyes,” an anonymous Democratic Senator said to New York Times columnist Maureen Dowd​.

Yep, well it’s a long, hard fall when you’re up “above the world” looking down.  It’s an even harder fall when you start to believe all the mythology about yourself.

The new Emperial president.

There is a disturbing let them eat cake mentality projected by the Obama White House … No US presidency in modern times has been more elitist or out of touch than the present one, which exudes the kind of condescending left-wing snobbery that is normally the preserve of an ivory tower common room. President Obama looks increasingly aloof and out of sync with the American people, three quarters of whom now believe the country is heading down the wrong track – including a staggering 58 percent of Democrats, according to Rasmussen. Nile Gardiner/UK Telegraph

Norman Podhoretz says that his “own answer to the question, “What Happened to Obama?” is that nothing happened to him. He is still the same anti-American leftist he was before becoming our president, and it is this rather than inexperience or incompetence or weakness or stupidity that accounts for the richly deserved failure both at home and abroad of the policies stemming from that reprehensible cast of mind.”


Understated humor of James Taranto

bin Ladin's mansion/NY Post

There Goes the Neighborhood
Maybe his presence brought down property values, maybe he got hit by the real estate bubble, or maybe he just overpaid. Whatever the case, London’s Guardian reports Osama bin Laden’s house isn’t worth as much as had been advertised:

After Sunday night’s dramatic raid by US Navy Seals, a senior Obama administration official told reporters that the property, an “extraordinarily unique compound” in an “affluent suburb,” was valued at around $1m.

But two property professionals in Abbottabad–a quiet, military-dominated town–said that much of that was incorrect. Based on the size of the plot and the house, which was built in 2005, and using recent property sales as a guide, they estimated that it would fetch no more than $250,000 on the current market.

Assuming bin Laden made the customary 20% down payment and took out a mortgage for $800,000 in 2005, he’s going to be underwater for a long time.

From the James Taranto/Wall Street Journal

… UNDERWATER FOR A LONG TIME!!! AAHAHAHAHAHAHAHA!


George Soros owned Gavilon quietly purchasing our food

My brother-in-law is a wheat farmer and reads websites daily about wheat prices, grain news and agri-business in general. He read a story last week, that he since can’t find and I can’t find when I googled it, which makes me wonder if the story was scrubbed, about George Soros purchasing grain elevators in Nebraska. These particular elevators are apparently the last stop before the wheat is shipped out of the county.

Please read on. I did find some interesting stories about Soros and his acquistion of other grain and grain elevators. The name of his company is Gavilon and according to several agri-business sites, it’s the 3rd largest business, now just behind  ADM (Archer Daniels Midland) and Cargill. Last fall he also purchased a huge amount of the grain business in Australia. This from Agrimoney.com in December:

AWB [Austrailan wheat] was in talks to sell a stake in its domestic grains handling business to US-based Gavilon before the Australian group became a takeover target.

Gavilon, which is backed by George Soros’s Soros Fund Management has since unveiled its own expansion plans in Australia, the southern hemisphere’s top wheat-exporting target.

Soros is not just a tumor in America, he’s a global cancer.

This from Reuters on March 24th, which makes no mention of  Soros:

Gavilon acquisition allows it to support PNW export mkt

* Elevator purchase equates to 8.4 million bushel capacity

(Reuters) – U.S. grain firm Gavilon Grain said on Thursday it will buy Union Elevator and Warehouse’s 16 grain elevators in the Pacific Northwest, the company’s second big purchase of U.S. grain facilities in the last six months.

Privately held Union Elevator, where employees own a significant share of the company, approved the transaction on Wednesday, with sale expected to be completed during the second quarter of 2011.

The purchase of 16 elevators at 12 locations in eastern Washington will expand Gavilon’s grain capacity by 8.4 million bushels.

“The addition of Union Elevator’s grain facilities and origination capabilities position us well to support the growing Pacific Northwest export wheat market and serve the Columbian Basin feed grain market,” Greg Konsor, vice president and general manager of Gavilon Grain, said in a statement.

The Pacific Northwest is the No. 1 wheat export terminal in the United States.

Omaha, Nebraska-based Gavilon — a commodity trading firm formed in 2008 when ConAgra Foods (CAG.N) sold it to investors — purchased grain handler DeBruce Companies last year, making it the third-largest U.S. grain storage network behind Archer Daniels Midland (ADM.N) and Cargill Inc [CARG.UL].

(Reporting by Christine Stebbins; Editing by Lisa Shumaker)

In October (also from Reuters), a deal was made with Soros backed Gavilon to purchase the privately owned and Kansas City based, DeBruce Grain.

The purchase includes DeBruce’s grain handling facilities, fertilizer distribution network, feed mills and a soybean crushing plant.

DeBruce Grain Inc has grain elevators in Kansas, Iowa, Nebraska, Texas, Kentucky, Oklahoma, Mississippi, Alabama, Indiana, Wisconsin and Mexico, with combined licensed storage capacity in excess of 140 million bushels.

The DeBruce purchase will raise Gavilon’s grain storage capacity to nearly 300 million bushels, making it the No. 3 U.S. grain handler after ADM Grain Co., a unit of Archer Daniels Midland Co (ADM.N), and privately held Cargill Inc., according to data from Milling & Baking News, an industry publication.

According to the Wall Street Journal, DeBruce also owns feed-livestock mills – feed for beef and pork. How soon before Soros starts buying up the feed lots, I wonder?

You can find more interesting information on this topic, Obama and other current events at Barnhardt Capital Management.  I highly recommend reading her blog.

Big Thank You to my brother-in-law, Mark for bringing this to our attention.




Quote of the Day – Dick Armey

[…] Mr. Armey has one final piece of advice for the new conservative members he has done so much to elect. “The first rule of conservatism,” he chuckles, “is to accept that if you are true to yourself, Hollywood celebrities will never hug you in public. Ultimately, serving the people and upholding the Constitution will be much more satisfying.”

John Fund/WSJ


Mark Steyn on Molly Norris and the loss of the First Amendment

When someone destroys a Bible, U.S. government officials don’t line up to attack him. President Obama bowed lower than a fawning maitre d’ before the King of Saudi Arabia, a man whose regime destroys Bibles as a matter of state policy, and a man whose depraved religious police forces schoolgirls fleeing from a burning building back into the flames to die because they’d committed the sin of trying to escape without wearing their head scarves. If you show a representation of Mohammed, European commissioners and foreign ministers line up to denounce you. If you show a representation of Jesus Christ immersed in your own urine, you get a government grant for producing a widely admired work of art. Likewise, if you write a play about Jesus having gay sex with Judas Iscariot.

. . .

On the advice of the FBI, she’s [Molly Norris] been forced to go into hiding. If you want to measure the decline in western civilization’s sense of self-preservation, go back to Valentine’s Day 1989, get out the Fleet Street reports on the Salman Rushdie fatwa, and read the outrage of his fellow London literati at what was being done to one of the mainstays of the Hampstead dinner-party circuit. Then compare it with the feeble passivity of Molly Norris’ own colleagues at an American cartoonist being forced to abandon her life: “There is no more Molly”? That’s all the gutless pussies of The Seattle Weekly can say? As James Taranto notes in The Wall Street Journal, even much sought-after Ramadan-banquet constitutional scholar Barack Obama is remarkably silent:

Now Molly Norris, an American citizen, is forced into hiding because she exercised her right to free speech. Will President Obama say a word on her behalf? Does he believe in the First Amendment for anyone other than Muslims?

Who knows? Given his highly selective enthusiasms, you can hardly blame a third of Americans for figuring their president must be Muslim. In a way, that’s the least pathetic explanation: The alternative is that he’s just a craven squish. Which is odd considering he is, supposedly, the most powerful man in the world.

Read entire column here.

~~~ooOoo~~~

The non-liberal press, i.e. Mark Steyn (NJR), James Taranto (WSJ) and Diana West seem to be the only journalists questioning this double standard in our society and speaking out on this atrocity visited on Molly Norris.

Liberals or not, thank God, someone is.


Couple of facts from Karl Rove to confound your goofy liberal friends

from Karl Rove in todays WSJ

Mr. Obama and his people also mischaracterize where most stimulus dollars go. Their constant prattle about “shovel ready projects” is an attempt to leave the impression that most goes to bricks and mortar. Not true: Only 3.3% of the $814 billion stimulus went to the Federal Highway Administration for highway and bridge projects.

The administration’s misleading statements and obfuscations aren’t limited to the economy. On health care, for example, Mr. Obama continues saying that (a) health-care reform will reduce costs and the deficit, (b) no one who wants to keep existing coverage will lose it, and (c) the law’s cuts in Medicare won’t threaten any senior’s health care. These assertions are laughable.

The president’s habit of exaggeration and misstatement has infected other Democrats. Speaker Nancy Pelosi, for example, routinely talks about how the recently passed “Stimulus II” spending bill protected the jobs of police and firemen.

But it didn’t.

Stimulus II consisted of two parts: $10 billion for education and $16 billion for Medicaid. States can’t spend Medicaid money for anything but Medicaid, and they can only spend the education money on education, i.e., they can’t shuffle state funds around. Language allowing Stimulus II dollars to pay for police and firemen didn’t make it out of the Senate. Yet Democratic leaders persist in saying that their latest stimulus has helped keep police and firefighters on the job. The claim is flatly untrue.


The Hindenburg Omen, Glenn Beck and Cheryl

It’s kinda funny how somethings come together. They might all turn out to be nothing or they might turn into something, as they kinda meld.

The other day I wrote about my friend in Asheville, the RN who is convinced that something bad is going to happen. In her words – “a total collapse”  and before the November elections. Completely unrelated to this, I read an article over the weekend in the Wall St. Journal about something I didn’t understand – the Hindenburg Omen. I understood even less after I read the article because I’m not an investor broker and I don’t have an MBA. Then this morning I was watching yesterday’s episode of Glenn Beck and he explained what I had read a couple days before.

And unknowingly, it was all too similar to what Cheryl and I had talked about on Saturday.

As I said, Cheryl is a liberal. I would have to bind and gag her in order to get her to watch even 10 minutes of Beck. But she and I have been able to remain friends, in spite of our very diametrically opposing political views and I sent her the clip from Fox News with Beck explaining the Hindenburg Omen. I hope she watches it.

It’s almost a goofy coincidence that all 3 of those things came together for me in just 3 days.

Watch the stock market and we’ll see what happens.


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