The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.
NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, BONDS OR FUTURES.
The author may have a position in any company or security mentioned herein. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.
Market charts, when present, used with permission of TD Ameritrade/ThinkOrSwim Inc. Neither TD Ameritrade or ThinkOrSwim have reviewed, approved or disapproved any content herein.
The Market Ticker content may be sent unmodified to lawmakers via print or electronic means or excerpted online for non-commercial purposes provided full attribution is given and the original article source is linked to. Please contact Karl Denninger for reprint permission in other media, to republish full articles, or for any commercial use (which includes any site where advertising is displayed.)
Submissions or tips on matters of economic or political interest may be sent "over the transom" to The Editor at any time. To be considered for publication your submission must include full and correct contact information and be related to an economic or political matter of the day. All submissions become the property of The Market Ticker.
Considering sending spam? Read this first.
Here's what you get if you basically draft me, since I don't fit either the RINO or Communist party profile:
To the extent any of this requires Congressional approval I will veto at my discretion every single bill that comes across my desk until the necessary statutes are enacted or repealed. This specifically includes but is not limited to all spending bills. In addition to the extent spending is constrained by said vetos I will direct that the first cuts are to all security, maintenance, utility and other facilities and programs that benefit any member of Congress or their staff. They will either do their damn job or they'll take the brunt of their refusal, unlike Barry Soetero who punished ordinary Americans when Congress didn't do what he wanted.
There's plenty more but this will be a good start for my platform.
I'm available for public debate on any or all of this platform against anyone else who believes they have better ideas and wishes to take the left seat. As noted, since I'm aware of no party interested in these positions one of them will have to draft me....
As for electors and the state filings for same we'll cross that bridge if there's enough to be worth doing what has to be done to make that happen.
This page is subject to update but no commitment above shall be materially weakened or changed to the detriment of the people of this nation, and if challenged on same I will produce the entire audit log of this page back to the original posting of this message. -- Karl
Since nobody at CPAC wants to talk about it.... I will.
The bill is really quite simple:
That stops the influx.
No "free" education, health care, housing, food stamps or anything else -- either directly or indirectly. You cannot poop out a child on US soil and have their presence create an obligation to you -- not for your birth expenses, not for your housing expenses, nor for your food, utility or other expenses. While a State could fund whatever it wants it cannot use any federal funds for such a program, including Medicaid, public schools (which obtain federal funding), food stamps or similar.
If you come here under a resettlement arrangement you have five years to show that (1) you intend to assimilate and (2) you are willing and able to both work and meet all other criteria for lawful permanent residence. If not you're cut off -- period. No more Little Mogadishu nonsense that has produced a crazy number of jihadi wannabes.
If you employ an illegal invader and get caught everyone with actual or constructive knowledge of it goes to prison. It does not matter who you are -- whether you're a CEO, Controller, Payroll Clerk, farm owner or someone hiring a nanny. Period.
Do the above as a simple bill and the entire illegal invader problem disappears overnight.
What the hell are you doing.
I get it. You're worried about pandering to women. Well, you either stand on The Rule of Law or you do not.
Clearly, you do not.
Therefore, I am now voting for Cthulhu.
Republican presidential front-runner Donald Trump quickly walked back a statement he made earlier Wednesday that if abortion were illegal in the United States, then women who have the procedure should be punished - saying later that only those who performed the procedure should be punished.
“If Congress were to pass legislation making abortion illegal and the federal courts upheld this legislation, or any state were permitted to ban abortion under state and federal law, the doctor or any other person performing this illegal act upon a woman would be held legally responsible, not the woman,” Trump said in a written statement. “The woman is a victim in this case as is the life in her womb.”
Earlier, at a taped MSNBC town hall to be aired later Wednesday, Trump said if abortions were illegal, women should be held responsible.
Sorry, but no.
Yes, it was a trick question, designed to elicit a "wrong" answer that can then be used for "gotcha."
That doesn't matter.
If abortion is made illegal then everyone conspiring to perform one, which I remind you includes the person who purchased the service, is a co-conspirator and equally guilty under long-standing legal principles.
Put bluntly, should abortion be made illegal on a blanket basis, declared as murder, then anyone who solicits one has put out a "hit" on a human being as a matter of law and must be punished accordingly.
With that said, I happen to believe that the Supreme Court decision Roe .v. Wade, which held that only a first-trimester abortion was unconditionally legal, is defensible on both history and the law.
But.... if that decision is overturned, and there are clear arguments that it should be, then nobody who is involved in the decision to what becomes at that time an act of murder can be excused.
As for both Kascish and Cruz, neither is pro-life or pro-rule of law. You cannot claim to support the rule of law and excuse those who fund an act of lawbreaking and induce the act of lawbreaking itself through their offer of money.
That's outrageous and anyone who claims otherwise has no business being in the White House.
I'm forced to vote for Cthulhu once again and this, friends, may well be my last comment on this political cycle.
OK folks, time for some truth.
Jeb claims he was a budget hawk and "cut spending" during his time in office from 1999 to 2007.
Incidentally the population of Florida went from 15.76 million to 18.53 million during that time period, or an increase of 18% -- far less than spending increased.
If you want to know why Trump was outright calling Jeb a liar on stage there it is, in numbers. Jeb is a liar and this sort of crap ought to lead to him being charged and imprisoned for attempted fraud upon the public.
He didn't shrink state spending he basically doubled it.
Now Jeb claims he had a 4.4% economic growth rate. However, government spending went up at roughly 7%, as anyone with basic knowledge of the Rule of 72 knows is the rate that gets you a doubling in 10 years.
In other words he grew government at a rate almost twice that of the alleged economy, and what's even worse is that he financed a huge part of that on the back of the common Floridian with the housing bubble that blew up right after he left office.
Even the Wall Street Journal admitted to this in July of 2015.
In addition the state's debt went from $15 -> $23 billion, and annual interest payments nearly doubled from $900 million to $1.7 billion. (Source: Miami Herald)
I lived here the entire time, incidentally. Jeb's claim that the economy was "booming" was a load of crap. What we saw during that time was ramping fees and costs, which have not abated (e.g. MidBay Bridge anyone?), massive spending increases and crazy, unconscionable acts by local and county officials (including but not limited to school boards) to try to cover up what they had done -- such as our local system that tried to get the people to pay twice for roof and refrigerator replacements in the schools. (See, they had not bothered with a sinking fund from tax receipts, so when the inevitable end-of-life came they tried to sucker the people into accepting a sales tax override. We told them to go screw a goat, and justly so.)
To finance all of this the state encourage and looked the other way while the housing bubble doubled prices on houses, which of course came with ramping real estate taxes -- and all of those houses were built with illegal immigrant labor that paid no taxes and broke the law, yet Jeb's "regulators" in the licensing of said contractors did exactly zero to pull the licenses of all of those builders.
Jeb Bush deserves prison, not the nomination.
Trump was telling the truth last night. Jeb, on the other hand, was lying through his teeth.
I was here and witnessed all of it, from start to finish, and in any event the math is what it is.
This sort of article is flat-out nauseating.
It starts by claiming to explain, but what it really tries to do is parent. Yes, parent you. An adult. It attempts to claim the mantle of telling you what you should be and in fact are voting for and wanting in a politician.
Indeed, Trump caught the right wave at the right time – and it has yet to crest.
And feeds the wave with every brazen statement, like this week’s Muslim travel ban.
The fact is, the more his language is over the top, the stronger his position appears to be at the top.
But is this what Republican primary voters really want in their nominee – a brash outsider who takes on anyone and everyone? Or do they want, as they told us before, a moderate with real results?
The simple truth is, they want to have their cake… eat it, and then shove it in Washington’s face. Their frustration is borders on rage – and Trump is their megaphone.
But they’re equally desperate for someone who doesn’t just rail against the problems; they want someone who can also solve them. Our national polls and voter focus groups demonstrate this again and again.
That’s why the true frontrunner is not Donald Trump.
The real frontrunners are – or will ultimately be – Marco Rubio and Ted Cruz.
Neither Rubio or Cruz has the first clue about ISIS and radical Islam. Neither will call it by its name. Both have sat idly by while the party machinery went so far as to call Trump unAmerican for proposing an act that Jimmy Carter took a number of years ago without any such calls being made for his head.
Both are convicted internationalists, interventionists and believers in thuggery. Both are ineligible for the office and of the two Cruz has no excuse of infancy or dependence (not that it legally matters) as he held adult Canadian citizenship, an act that brings to the fore the very reason for our constitutional prohibition on divided loyalties.
Listen to Rubio explain his plan for the innovation economy. For improving education. For making career-oriented job training mean something again. Listen to him explain not just the intricacies of his tax plan – but the benefits of it as well.
Listen to Cruz talk about his plan to defeat radical Islamic terror. For reining in wasteful Washington spending. His solutions for American-made energy to create jobs and protect our national security.
Oh really? What plans are those? Neither has a plan to do anything about the Health Care debacle, which is a huge problem -- in fact, it's the problem. "Repeal and replace" sounds great, but replace with what? Where are the promises of prosecution for the existing acts that by any reasonable definition rise to felony violations of long-standing federal law -- the Sherman, Clayton and Robinson-Patman Acts?
Nowhere, that's where. Neither of these clownfaces has any sort of cogent plan to deal with any of that, including the most-outrageous and egregious parts of it, the rank violations of the "first sale doctrine" that, were it to be enforced, would instantly force prices to level for drugs to flatten between nations and resolve a large part of the problem. I remind everyone that college textbook publishers tried to run this same crap recently and were shot down in the courts, so there's plenty of precedent.
Of course the medical scam doesn't end there. If you fixed it all of the budget problems at the Federal, State and local levels would disappear immediately and permanently without raising a dime in taxes. The Federal deficit would become a surplus and as a result consumer purchasing power would rise every year instead of falling. That outcome would be the result of math, by the way, not politics.
Do you think Trump doesn't know, as a businessman who has been writing big checks to this monopoly for decades, that this is a problem? He most-certainly does. Now explain to me how Cruz or Rubio has any experience with any of it. They don't. I do, because I wrote those checks on behalf of my employees. Trump does because he has as well. Rubio and Cruz have evidenced zero understanding of any of it.
Rubio has no idea how to improve education. No amount of federal involvement will ever do any of it. Remember that we were told that the Department of Education would be abolished under the "Contract With America." Was it? No, that was a lie. Rubio is also lying and the electorate knows it.
The Republican party is imploding because it is incapable of telling the truth. It is imploding because of patronizing little ****heads like you, David, who think you can tell us what to think and who to vote for.
You claim that most people don't believe Trump could deport 11+ million illegals. True, but he doesn't have to. All he has to do is lock up all of your damned "friends" that employ them and 10.9 million will leave on their own. We can certainly deport the remaining 100,000 that decide that gang membership is a better idea.
And by the way, maybe we should consider you to be part of that gang -- a gang going out of style, and one that's being slowly, but certainly, ejected from the political sphere.