The Republicans first day in office over at the House is a screaming disappointment.
THIS would be the moment to let your Congressman know that you are watching. Call, write, email, smoke signal.... whatever. Just let them know The People are watching. If they fail here, its all over but the gunshot.
Disappointing as it may be, the Left is absolutely correct in their assessment of this first day.
I sincerely hope that this is not just more of the same... but I am bitterly disappointed at the moment. The time for half-truths and half-measures has passed.
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Please read this very intelligent piece on Chapter 9 Municipal Bankruptcy. I find it amusing that some think that these issues will be settled by a Judge in a Court of Law. No such luck for you Activist Jurist enthusiasts. In the end, what will happen is what happens to many debts in the private sector - they simply won't be paid; there will be a great hew and cry, some gnashing of teeth, and a couple of circle jerks... and then they still won't be paid.
"You can't get blood from a stone."
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Oil is NOT an easy trade here. But on any pull back I want to be long Dec 12 Futures, and let's hope the curve comes in with the front month... Oil is at risk to the equity market, just like every other commodity.
Look at the chart of the Baltic Dry Goods Index and the Railfax report. Goods have to be transported. The volume of goods shipped and the price commanded by the shippers reflect what is going on in the real economy.
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The incomprenhensiable position of the "Progressives" regarding the U.S. Constitution should be glaring to the American people on this day.
All of America's elected representatives and appointees draw their authority FROM THE CONSTITUTION IN ITS ENTIRETY. You don't get to edit or omit portions that might be offensive to the descendants of slaves or of women who did not have the vote until 1920. That's what we have the amendment process for.
Ladies and Gentlemen of both houses. This is our history and the basis for all of our law. You, and we, are going to have to live with ALL of the document... warts, hair and all. How dare you exercise authority granted you by an instrument you then reject?
Yes, Senator Schumer, the SCOTUS does have the FINAL say on what is Constitutional, and Congress should have THE FIRST SAY AND NOT PASS LAWS THAT ARE IN OBVIOUS CONTRADICTION OF THE INTENT OF THE FOUNDERS. Further my dear Senator, your group's brilliantly executed strategy of flooding the Law Schools and the Courts with activist Jurists has run its course, Thank G-D.
FDR should rot for his contributions in the matter. Members of the Lucky-Sperm-Club such as FDR and JFK are very, very dangerous in high office... as FDR famously quiped they seem to possess "first-rate temperaments and second-rate intellects"... and are burdened with the guilt that comes from privileged circumstances at birth.
Thank goodness we were spared Teddy Kennedy.