Bloomberg View's First (Half) Honest Look
The Market Ticker ® - Commentary on The Capital Markets
Posted 2012-12-24 11:33
by Karl Denninger
in 2ndAmendment
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Bloomberg View's First (Half) Honest Look
 

Well look what we got here!

U.S. President Barack Obama was right when he said after the Newtown, Connecticut, massacre that America had not done enough to keep its children safe. He closed his comments by reading the names of the 20 first-graders killed in the slaughter.

Newtown’s story turns up one more child who may have been, in one way, failed by America: The isolated, awkward boy who would become the 20-year-old killer, Adam Lanza. What, precisely, afflicted Lanza is not yet known. His brutal final act, however, suggests he had a mental disorder. 

It took how long for you to print the obvious?  Anyone who commits mass-murder of unarmed innocents clearly is mentally deranged in some form.

But then Bloomberg's View once again blows it, starting with this line of crap:

The statistics are appalling. An estimated 22 percent of children in the U.S. ages 13 to 18 suffer from mental illness severe enough to impair their daily functioning or produce serious distress. Yet only 20 percent of mentally ill children receive treatment.

Their claim comes from a cite that, unsurprisingly, comes from the very people who have done their level best to define everyone as mentally disabled in some form or fashion.

Do you actually believe that nearly 1/4 of all adolescents suffer from a mental disorder that is severe enough to produce serious distress? 

I suppose it matters how you measure "distress", doesn't it?  Note that anxiety and mood "disorders" were listed as the most-common.  Who among us does not remember being significantly anxious or moody at some point in their teen years?

Give me a break.

First the medical profession invents a malady out of common human events, then it fleeces you to "treat" it -- and unfortunately what that industry often does is pump you full of drugs that in some cases cause more harm than they do good!

Have you wondered why it is that this mass-shooting by deranged young man thing appears to be a relatively recent phenomena?  Are you going to actually argue that people haven't been nuts since, well, forever?  Some of the most-brilliant individuals in recorded history were called deranged, kicked out of school or looked at as extremely odd, among them Thomas Edison and Albert Einstein.

So what has changed?

I'll tell you one thing that has changed -- we didn't drug our kids as soon as we didn't like how they behaved.  We recognized that young men were in fact boys and that boys had tendencies to be a bit unbalanced. 

But as I pointed out in my essay On Killing most boys, by the time their testosterone level began to spike, had experienced killing and had some level of respect for it.  They understood at a visceral level how food came to be on their table and that they were alive as a consequence of death.  They had a reverence that went beyond an explanation in a book or their mother saying "dinner's ready!", when "dinner" came out of a box or was delivered by a pizza guy at the door.

As a species we had built into us by our creator, through the very means by which we exist, a strong inhibitory factor that was very protective against these very sorts of events!  We've destroyed that through our puerile attempt to "sterilize" our environment and remove from it the essence of life.

The problem is not that video games are violent, or that TV is violent, or that the movies are violent.  I cannot count how many times I saw Wile-E-Coyote blown up, mutilated, dropped off a cliff, smashed with a monstrous boulder or run over by something really big, usually a truck or train.  Nor can I count how many times I watched Moe, Larry or Curley bash each other in the head with a hammer, wrap a pipe around each other's neck or otherwise deal physical violence at one another. 

So again, what changed?

Well, first we must understand that these incidents, despite being horrifying, are a tiny piece of the amount of death that our youth are subjected to.  11,000 people are murdered every year with a gun, and that's 11,000 too many.  But the FBI says that 1 million violent felonies are stopped or prevented with a firearm, and 98% of the time the gun is not discharged.  And not one of these events makes the national news!  Indeed, the Oregon Mall shooting, just taking place a few days before Newtown, featured a CCW holder who interrupted the insane man who was blasting unarmed shoppers, and who was very-likely responsible for that spree being aborted with a body count of 2 (plus the shooter who offed himself -- he doesn't count.)  You still have to dig deep into the news archives to find stories about the young man (yes, a young man) who drew on the gunman. 

The simple fact of the matter is that on balance guns in America are good, not bad, in that privately-held (NOT police-carried!) guns stop one hundred violent felonies for everyone who is murdered with one.  If you're one of the women who would have been raped, the 12 year old girl who shot an invader through her closet door (the assailant, incidentally, had previously been busted for kidnapping a developmentally-disabled girl -- he clearly didn't "just want to talk"!), the 14 year old boy who shot a home invasion suspect, or the other 14 year old who shot another home invader who pointed a gun at him (link elided as the source doesn't want it cross-linked -- use google) you're probably rather happy that you had a gun.

So why shouldn't teachers who are both willing and able be prohibited from carrying concealed? Remember that all teachers have already passed a background check before they were allowed to teach.

You may think it's a horrifying idea to arm teachers. 

Did you ever think to stop and ask why you believe that, and whether your viewpoint is rational -- or whether you're being manipulated by the media and politicians for their own ends at the expense of your children?

Let's analyze this.

Do you think it's wrong to have an armed guard in your bank?  How about the guy delivering the money to your grocery store in the armored car?  Should he have a gun?  Does your local grocery store's cash drawer -- or that of your bank -- have a higher value than your child?  If you believe that the armored car or bank should have someone carrying a gun to protect that cash drawer while your child's teacher should not, that is what you believe.

How about the President?  Should he have dozens of people all around him, every minute of the day, all with guns?  How about Obama's two daughters -- should they have an armed Secret Service detail at their school, with guns, every single day?  Do Obama's children have more value than yours?  If you believe his children should have someone with a gun available to protect them but your child's teacher should be barred by law from carrying concealed and thus able to serve as a last line of defense for your child, that is what you believe.

How important are your children?  More important than a drawer full of money?  As important as President Obama's daughters?  If you answered in the affirmative to both you do not want to ban guns -- you want the "Gun Free School" law repealed now and you want all teachers, administrators and staff who are willing and able to carry concealed firearms in the unlikely but possible case that a bad guy may try to murder your children.

There are in fact a tiny minority of people who are nuts enough to commit mass-murder.  I will note that the in this most-recent case gun laws as proposed would have prevented exactly nothing; the assailant murdered his mother to get the guns, and he had a nice assortment of them from a shotgun (which he mercifully left in the car) to a "black rifle" to two pistols.  I say "mercifully" because if you've ever seen what a shotgun does at close range and how quickly it can be reloaded you'll realize that it's good that he left that one behind.  Start banning guns in sufficient type and quantity to deter this guy and you'd have to ban pretty-much everything.  As such all so-called "political compromise" on guns is a factual lie; the politicians are using the dead but still-warm bodies of children for political purposes.  We as a body politic should be outraged all right -- we should demand that every single politician who has done so resign and if they refuse make damned sure they lose in the next election.

When it comes to mental illness the Bloomberg View solution is, of course, more government-mandated spending.  That's right -- we must "demand" that health insurance spend "equally" on mental services. 

Really Bloomberg?

How about this -- how about we stop handing out SSRIs and anti-psychotics like candy to adolescents and kids?

Do we have a desperate need to improve mental health facilities for our youth (and those who are not youth)?  You bet we do.  This begins with accountability -- and that means removing these drugs from the prescribing realm of family doctors and all others who are unable or unwilling to be responsible for monitoring on a proactive basis those who are using them.  This, in turn, means restricting prescribing to psychiatrists and imposing proactive monitoring requirements, along with criminal penalties for violations.

It also means a renewed look at how we handle involuntary commitments -- and whether we ought to be doing more of it.  Maybe yes, maybe no.  But this much is certain -- cavalier "toss 'em in the nuthouse" responses are both an abuse of civil liberties (and thus unacceptable) and will no more solve the problem than will gun control.  On the other hand there is every reason to believe that in the case of the Aurora Colorado shooting the accused gave plenty of warning that we was dangerously violent -- and there may have been a legitimate opportunity to get him in front of a judge for a commitment hearing before be shot up the theater.  Ditto for Tucson.  We don't know enough yet about Sandy Hook to know if the same could have legitimately prevented this tragedy.

The first test for any alleged "remedy" is that it must do more good than harm.  There are many other tests as well, but this one is paramount.  "More gun control" demonstrably will do more harm than good; when all other interdiction fails the only thing that stops an insane bad guy with a gun is a good guy with a gun, and no amount of beating around the bush changes this fact.

More mental health services might do more good than harm, provided we don't just throw drugs at the problem and call it "fixed."  Rather we need to, in my view, take a long, hard look at our use of "mental medications" and to a large degree ban them in adolescents and young adults.  

The simple fact of the matter is that while many consider the "severe" side effects listed as "less than 1%" that include extreme rage and similar to be "inconsequential" compared to the number of people allegedly "helped" if you write 100,000 prescriptions for these drugs and 1% of the people taking them become dangerously violent that is 1,000 Sandy Hook murders per year that are caused or potentiated by these drugs!

Did that number get your attention?

We don't know if Adam was on medication; there are reports that he was not.  But as I have said this is only part of the question; there are, indeed, people who are dangerous whether on prescription drugs or not.  When there is a clear indication that someone has mass-murder of innocents on their mind then due process of law for both the accused and their intended victims demand that we follow up on those indications. 

I believe we can all agree that this is one place where we can make a difference, we can do so without putting "shoot me, I'm unarmed" targets on our kids' shirts, and we both can and must demand that our politicians cut the crap and look at where the real problem lies -- and what can be done about it.

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Otiswild
Posts: 5613
Incept: 2009-03-09
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Inside you, the force is!
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Quote:
Start banning guns in sufficient type and quantity to deter this guy and you'd have to ban pretty-much everything.


Actually, that is insufficient, you'd have to not just ban everything but go house-by-house and confiscate everything, and develop a government infrastructure to do this regularly. The 4th amendment would need to be destroyed shortly after they do away with the 2nd, and the 5th won't last a whole lot longer.
Winstonsmith2009
Posts: 1060
Incept: 2009-08-05

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Want to see some anti-gun propaganda? Check out this graphic:

http://abcnews.go.com/Nightline/fullpage....

What they fail to mention, of course, is that of those killed by firearms, the VAST majority are suicides and, of those, I'll bet the VAST majority didn't require a hi-cap magazine or an AR-15.

The CDC states that the leading cause of violent death in the US is suicide. There were 38,364 suicides in the US in 2010. There have been 14,612 murders in the US in 2011 of which 9,903 involved firearms, about half of those involving African-American males between the age of 14 and 25.

So, unless you are an African-American male in that age group, you are nearly EIGHT TIMES more likely to intentionally KILL YOURSELF than you are to be killed by someone else using a firearm.

And is THIS just something that wouldn't have gotten national media attention at any other time, or is there an effort to push the gun control agenda by those who'd be able to get them anyway - criminals:

4 firefighters shot, 2 dead, after responding to blaze

http://usnews.nbcnews.com/_news/2012/12/....
Obseedian
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Silver
BBRY Central
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I have to say, I am greatly troubled by the push to label all these "weird" kids mentally ill. This hits close to home, as I bet as a kid I would have been labeled as mentally ill and drugged up. I was very introverted and shy, and also very intelligent. Although perhaps not to the extent as Adam Lanza. Still, I don't believe I am mentally ill.

These kids won't relate all that well to other, more average kids. The other kids will feel threatened by that intelligence and mock them, and the intelligent kids don't really have much to discuss with the average kids anyway. The solution would be to place them into environments with other gifted kids to whom they would be able to relate better.

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smiley

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Noodleman
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I know something that would slice gun related violence in half overnight. Stop the 'war on drugs' which has turned the inner cities into a virtual war zone. The black and hispanic populations should be eye-popping mad over this. But I hear very little resistance from them, especially in the media. For example, where is Sharpton everytime there's a drive-by in Harlem and some innocent kid get capped in the crossfire? Where are the marches and protests?

And I find it disgusting whenever I walk through any large US urban area at night and see humans sleeping behind garbage bins, in doorways, pushing shopping carts full of their worldly belongings looking disheveled while arguing with imaginary companions. And there aren't a handful. There's a landful of 'em. The US goverment which incarcerates 25% of the world's prison population while we only have 5% of the world's human population. And they say that living like a mad dog is a constitutional right and is the epitomy of 'freedom' in America. Don't make me barf. When have these congressional clowns ever given 2 hoots about 'freedom' or the US Constitution lately? They use it only when it furthers their agenda and turns out to be a money maker. Otherwise it's used as buttwipe. Oh, and it take only ONE of those derelicts to 'act out' which could ruin the day for many people and be tomorrow's headlines which calls for more gun control. It's all so stupid it makes me giddy. It's the vicious cycle of the rapid dog that perpetually chases it's own tail in attempt to bite itself. We are our own worst enemy.

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Swordsman
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Quote:
Do you actually believe that nearly 1/4 of all adolescents suffer from a mental disorder that is severe enough to produce serious distress?


I'm sure the alledged 1/4 believe they do. I've a very close friend who is an M.D. at a fairly large university health clinic. She gets many requests from students for anti anxiety drugs near the end of each semester. It has increased every year.

This generation coming up has difficulty dealing with just the stress school finals. What will they be like when they have to deal with real life stress?
Blurtman
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"Anyone who commits mass-murder of unarmed innocents clearly is mentally deranged in some form."

While this sounds like a statement worthy of an "Amen!" it is not supported by reality.

"Mentally deranged" is a not a diagnostic term, and this is more a term of condemnation, and rightfully so. The sad fact is, totally sane people can and do kill innocents.

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Jethrodull
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it's even worse...1,000.
J
Andysvw
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Those quacks got their claws into me for a week. Get this for beating up bullies. Then explaining why it was easy to do. They let me go when I told them they were very smart.
Im just a different kind of smart. As a group they only know book smart. So my kind of smart scares the **** out of them. They claim to have answers but they dont. All they have are theories and most of them are flawed. I had their BS covered in the 4th grade. You are better off talking to your bartender. jmo
Blurtman
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It is for the greater good. And why stop there?

NYPD Exploring Ways To Search Online For ‘Deranged’ Gunmen

Police Commissioner Ray Kelly said that their searches would be similar to those being used to spot terrorist chatter online.

“And what we’re talking about is publicly available websites, chatrooms, that sort of thing,” Kelly said, adding that algorithms could be used. That will enable us to use, perhaps, commonly used terms that are used by people engaged in this sort of activity,” he said

http://newyork.cbslocal.com/2012/12/21/n....

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Mannfm11
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I heard once that when you start thinking about killing them instead of yourself, you are getting better. Looks like the murders haven't caught up with the suicides.

The data Karl cited tells one fact. The US has a murder problem and not a gun problem. The anti-gun blowhards cite statistics in Europe, where murder is quite often lower. It is lower in a lot of countries than the non-gun murder rate in the US. How many US homecides are self defense, justifiable homecide? I think it counts whether it is self defense or murder in the first degree.

The main thing people in the US need to begin to realize is the government isn't our friend. Sure, they do a lot of good things, though it can be argued many of them could be done by the private sector. But, we have become and are continually becoming even more, a managed population. Very little of this management is for our benefit, just like livestock management isn't exactly for the cattle, sheep and hogs.

Part of this management is forcing pharmaceuticals down the throats of children. I read something years ago that much hyperactivity is caused, not by chemical problems in the body, but by incongruent, confusing messages from the outside. This is the primary cause of all non-biological mental illness, confusion of identity and message. How many of you remember the bitch teacher. I don't mean she was a real bitch. Merely talked like one all the time. I would squirm in my seat if a teacher used that tone and was actually trying to be nice. I read that in America, the words spoken are only 7% of the message, the context, tone and body language being the other 93%. I wonder, if they did a study, how much ADD has to do with a particular teacher and her own ****ed up delivery system?

This is a recent phenomenon. I graduated high school in 1974. A board on the ass was the behavioral modification program of schools. They were clearly less cruel back then, as a bust on the ass goes away, while a chemical lobotomy or speed addiction goes on and on. How much of school is merely pure boredom? I took the hardest classes the school offered at the time, though I never did homework and I can't brag about my grade point. I only worked at something if my grade was going to pot. I think if you ask the kids, they will tell you that they are either confused about what they are being taught or bored ****less.

The point being, there were no mass school murders 30 years ago. NONE. There were plenty of guns. 50 years ago, there were no mass school murders and there were almost no restrictions on who could buy a gun. I believe a kid could go to the hardware store and gun up any time they had the money. I have met guys that grew up in west central Texas who had their ass kicked by their fathers if they left their gun at home.

The primary reasons the murder rate has declined over the past 40 years is so many are in prison and there are fewer young people in relation to the population. The mental problems are societal. I wonder how many suicides today are triggered because the teenager doesn't have an iphone and all their friends do?

Guns are much less available to kids today than ever. Remember, 50 years ago most Americans were a mere generation or less from the farm. Guns were fixtures in rural homes, for use in protection and hunting.

Why don't we look at what has changed? We have politicians that seem to not value other peoples property at all. The education system tells kids messages that conflict with nature. Obama and his associated economists don't seem to see any problem with trillion dollar deficits, Krugman calling for more. Whose money is this? Surely it belongs to the very kids that are doing the shootings. There are no rules today. Order has been turned into disorder. Confusion rules.

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Anti
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By chance yesterday I saw a bumper sticker, "Psychiatry Kills" and some small print. I googled it today and this came up, pretty interesting so far,




ETA p.2 even more focused on children and the perversion of schooling

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Uppity_peasant
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Quote:
How about the President? Should he have dozens of people all around him, every minute of the day, all with guns? How about Obama's two daughters -- should they have an armed Secret Service detail at their school, with guns, every single day? Do Obama's children have more value than yours? If you believe his children should have someone with a gun available to protect them but your child's teacher should be barred by law from carrying concealed and thus able to serve as a last line of defense for your child, that is what you believe.


inline

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If it's true that "assault weapons" are "weapons of war" and don't belong on the streets of America, why do the police need them? Who are the police at war with?
Mdporter
Posts: 557
Incept: 2008-02-26

San Jose, CA
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this was a great ticker.

No politician is going to give up their own guns or body guards. Imagine how careful they would have to be in their decision making processes if they did that. Most would be paralyzed. :)
Bertdilbert
Posts: 2655
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There is an easy solution to this.

Fist stop advertising schools as "gun free zones". That is just lame.

Growing up, any time there was a big forest fire on TV or 3 refineries burning etc, my dad would go into this discussion of "You have no idea how big the United States is". Perhaps I had a look on my face that prompted him to give the talk as I was watching the news. Growing up on an Island 26 miles accross, perhaps he felt there was this extra need to be informed on how big the US was and I had no perspective on that in my sheltered upbringings.

But he was right, the US is a big country and when you take something like Sandy Hook, while a vicious and horrible situation, when taken into account the size of our nation, it is smaller than the head of a pin.

All Americans who work as an employee are subject to a death benefit under workers comp. There is thus a statutory death benefit placed on the lives of most Americans at present.

A statutory death benefit could easily be funded for school kids by Big Pharma. With only a few cents from each prescription from all the mental drugs they distribute to our kids and adult populations that seems to be present so often in these types of events.

This would be a lot cheaper than placing armed guards in every school. Given the size of our country and the actual number of incidents, this approach makes far more sense than spending more money that we don't have.


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Donethat
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Lot of smoke to distract from the blood sucking vampire squids.

Didn't you know?, one in seven women are touched by domestic abuse every year...

The police task force wrote that, it must be true, right?
Djm
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Incept: 2011-05-03

UK
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I am grateful that I live in a civilised country where I don’t feel the need to be armed and my chances of being shot dead are 30 times less than they would be in the USA.
I came to this blog for an alternative view on markets and the deficits which I find interesting. As regards the rest: whether it be Gun control , or teacher and Union bashing. I find the arguments puerile; there is very little if any debate and the comments tend to be largely sycophantic. When I read the arguments put forward justifying everyone being armed to the teeth, I don’t know whether to laugh or cry, but It really is too sad and pathetic to be amusing .
Br-549
Posts: 24
Incept: 2010-09-10
Green A True American Patriot!
On the back 60
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Djm

I am grateful that you are happy in your "civilised country." Like you, I am happy to be who I am, where I am and to be, at least by your standards, "armed to the teeth." My but it must be lonely for you perched on that morally superior high "civilised" ground. Surely you have many more worthy tasks than to lecture us poor misguided souls.

My best wishes to you this Christmas season. I suppose that I am just another sycophant here.
Bertdilbert
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Djm, you are confusing right to bear arms with obligation to bear arms. Right to bear is up to you if you want. Since you in the UK no longer have a right, you can only take a sour grapes approach.

Since murder by gun has dropped other forms by which you might die have risen. If you were to be murdered, you are probably open to more options of death than the average American. I guess you could say that in the UK, you have greater diveristy in death and thus are more advantaged than us Yanks.

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Dear Euroland: Relax, Germany has a plan for your money!

Political Capital Defined: We are out of money but will tax our citizens for whatever it takes to "SAVE" the Euro.
Winstonsmith2009
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Man set trap and then shot and killed firefighters responding to Webster, N.Y. fire

http://news.yahoo.com/blogs/lookout/two-....

A felon who shouldn't have possessed ANY firearms set fire to his house, barricaded himself inside, ambushed firefighters and then killed himself.

The intent behind this event? To close the no background check loophole in personal firearm sales. All of the other recent, major coverage rampages were done with legally purchased firearms.

Reason: tpyo
Uppity_peasant
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Incept: 2009-06-26

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Djm wrote..
I am grateful that I live in a civilised country where I don’t feel the need to be armed and my chances of being shot dead are 30 times less than they would be in the USA.

I came to this blog for an alternative view on markets and the deficits which I find interesting. As regards the rest: whether it be Gun control , or teacher and Union bashing. I find the arguments puerile; there is very little if any debate and the comments tend to be largely sycophantic. When I read the arguments put forward justifying everyone being armed to the teeth, I don’t know whether to laugh or cry, but It really is too sad and pathetic to be amusing .


Here's a little US history lesson, David:

Samuel Adams wrote..
“Contemplate the mangled bodies of your countrymen, and then say 'what should be the reward of such sacrifices?' Bid us and our posterity bow the knee, supplicate the friendship and plough, and sow, and reap, to glut the avarice of the men who have let loose on us the dogs of war to riot in our blood and hunt us from the face of the earth? If ye love wealth better than liberty, the tranquility of servitude than the animated contest of freedom, go from us in peace. We ask not your counsels or arms. Crouch down and lick the hands which feed you. May your chains sit lightly upon you, and may posterity forget that you were our countrymen!


Methinks posterity has forgotten you were our countrymen, Limey.

http://www.nationalcenter.org/SamuelAdam....

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If it's true that "assault weapons" are "weapons of war" and don't belong on the streets of America, why do the police need them? Who are the police at war with?

Reason: add Adams link
Drb
Posts: 195
Incept: 2011-01-02

TX
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Quote:
I'm sure the alledged 1/4 believe they do. I've a very close friend who is an M.D. at a fairly large university health clinic. She gets many requests from students for anti anxiety drugs near the end of each semester. It has increased every year.


If a student is on some medicine for ADD or anxiety, they get up to twice longer time on exams due to DISABILITY. The fact that they had longer time to take their exams is not revealed to their future employers.

I am sure there is no correlation between requirement of more time on exams and constant increase of ADD and anxiety on college campuses /sarc
Cmalbatros
Posts: 202
Incept: 2008-05-07
Green
Woodstock, GA
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If guns kill people , how does anyone get out of a gun show alive?

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The only regulation that works - is failure.
Remember, the value/price of stocks and shares fall as well as plummet.
Rentier
Posts: 193
Incept: 2010-06-19

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The number on licensed dealers is misleading at best. A fair number of people have dealer licenses just so they can shoot and posses full auto weapons and for other reason similar to that. They don't have a store or even sell guns.
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