Elizabeth Warren’s Batty Plan to Nationalize . . . Everything

This is too good! Finally someone showing the true colors of demoncrats(socialist party)

From The National Review:

Senator Elizabeth Warren of Massachusetts has one-upped socialists Bernie Sanders and Alexandria Ocasio-Cortez: She proposes to nationalize every major business in the United States of America. If successful, it would constitute the largest seizure of private property in human history.

Warren’s proposal is dishonestly called the “Accountable Capitalism Act.” Accountable to whom? you might ask. That’s a reasonable question. The answer is — as it always is — accountable to politicians, who desire to put the assets and productivity of private businesses under political discipline for their own selfish ends. It is remarkable that people who are most keenly attuned to the self-interest of CEOs and shareholders and the ways in which that self-interest influences their decisions apparently believe that members of the House, senators, presidents, regulators, Cabinet secretaries, and agency chiefs somehow are liberated from self-interest when they take office through some kind of miracle of transcendence.

Under Senator Warren’s proposal, no business with more than $1 billion in revenue would be permitted to legally operate without permission from the federal government. The federal government would then dictate to these businesses the composition of their boards, the details of internal corporate governance, compensation practices, personnel policies, and much more. Naturally, their political activities would be restricted, too. Senator Warren’s proposal entails the wholesale expropriation of private enterprise in the United States, and nothing less. It is unconstitutional, unethical, immoral, irresponsible, and — not to put too fine a point on it — utterly bonkers.

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Show Notes 07/03/2014

Thursday Show 7/3/14

9 things you may not know about the Declaration of Independence
1. The Declaration of Independence wasn’t signed on July 4, 1776.
On July 1, 1776, the Second Continental Congress met in Philadelphia, and on the following day 12 of the 13 colonies voted in favor of Richard Henry Lee’s motion for independence.

NM ranching family tells feds: ‘Don’t fence us out’
For more than a century, the Lucero family has grazed livestock in the majestic landscape near Fenton Lake in the Santa Fe National Forest. They started with sheep and, in the 1920s, switched to cattle.

Josh Earnest has immigration slip
With a slip of the tongue in his July 3 news conference, White House press secretary Josh Earnest stumbled, saying President Barack Obama plans to use the Fourth of July to naturalize “illegal” immigrants.

NY Times Jackie Calmes cheers Democratic quest to hold Senate through single women
Jackie Calmes, New York Times reporter (and reliable water-carrier for Democrats), made Thursday’s front page with a story on the competitive Senate race in North Carolina, a seat the Democrats desperately need to keep in order to maintain their hold on the U.S. Senate.

CBS has no time for latest Obamacare scandal, hypes Malia’s birthday instead
On Thursday, all three broadcast news networks continued to ignore the latest outrage over ObamaCare and the Veterans Affairs scandal. Instead, CBS This Morning chose to file a 3 minute and 26 seconds report on what Malia Obama’s plans were for her 16th birthday on Friday.

NRA changes stance on guns for abusers
Last week, the Governor of Vermont signed a law allowing police to confiscate guns from anyone under a judicial order for domestic abuse. This means that men and women accused of domestic crimes in Vermont could lose their Second Amendment rights before ever seeing a jury.

Open carry celebration set for July 4th
For the second year, members and supporters of Open Carry Tyler are taking to the streets of downtown for Independence Day to practice their Second Amendment rights.

How Disco Clams Put on Undersea Light Shows
Tiny “disco clams” create rippling light shows on the ocean floor, thanks to reflective mirrors that coat their lips, new research shows. Scientists previously believed the 2-inch (5 centimeters) clams (Ctenoides ales) were bioluminescent. But new high-speed video reveals that the clams’ lips are actually covered with tiny silica spheres that reflect natural light.

Pelty Is a “Magic” Bluetooth Speaker Powered by the Element of Fire
Scientists studying the effects of the psychedelic chemical in magic mushrooms have found the human brain displays a similar pattern of activity during dreams as it does during a mind-expanding drug trip.

Show Notes 09/12/2013

Show Thursday 09/12/13
What is the Senate up to: continued
– Sen. Kelly Ayotte (R-N.H.) amendment 161, to have a full audit of the financial statements of the Department of Defense by 2017.
– Sen. Mark Kirk (R-Ill.) amendment 671, to address Iran sanctions.
– Sen. Lisa Murkowski amendment 672, to provide fishery assistance.
Public Schools Now Teaching Government Is Like Your Family
The latest bit of socialist, leftist drivel comes to us today from the heartland of America. Actually this is part of Obama’s old stomping ground: Skokie, Illinois. The East Prarie School District is now teaching their fourth graders that the government is just like your family.
Parents who home school question Common Core reach
There are few things 9-year-old Rhett Ricardo relishes more than curling up on his family’s living room couch and delving into a novel, like “Twenty Thousand Leagues Under the Sea” – his imagination whirling as he reads the fantastical plot about a mysterious sea monster and a submarine, his mother says. 
Adam Smith’s economy
Adam Smith (1723-1790) was a Scottish philosopher and economist who is best known as the author of An Inquiry into the Nature and Causes of the Wealth Of Nations (1776), one of the most influential books ever written.
Thomas Jefferson’s Draft of the Declaration of Independence


Show Notes 09/08/2013

Show Sunday 09/08/13
Rosh Hashanah
Rosh Hashanah occurs on the first and second days of Tishri. In Hebrew, Rosh Hashanah means, literally, “head of the year” or “first of the year.” Rosh Hashanah is commonly known as the Jewish New Year.
Promises made promises broken: The betrayal of pensioners and taxpayers
Comprehensive research into the funded status of state level defined benefit public pension plans reveals that public employee retirement promises are underfunded by $4.1 trillion. Combined, state public pension plans are just 39 percent funded.
Early turnout appears strong in Colorado recall effort on gun control legistation
Colorado residents go to the polls Tuesday to vote on whether to recall two state senators who supported stricter gun laws in the aftermath of two 2012 mass shootings.
JP Morgan Chase pulls out of the student loan market
This is not a good sign, as one may glean from the title of the CNBC post from John Carney, “The Student Loan Bubble Is Starting To Burst.”
California city welcomes doomsday bunkers amid concerns over safety use
Part of a small but vocal group of survivalists in Menifee, some 80 miles east of Los Angeles, Jones, 46, has pushed for the right to build a bunker on his 1-acre property for nearly a year. He wants to be ready for anything, be it natural disaster or a nuclear attack.
Senate votes to stop US from joining UN arms treaty
In the last batch of amendment votes to the budget, the Senate voted on several foreign policy proposals.

Senators to shine light on credit card practices

I have been complaining about this behavior for years…

From Reuters:

Legislation may be needed to stop overzealous credit card companies from piling on interest rates and fees that have plunged millions of American families deeply into debt, a senior Democratic senator said on Tuesday.

On the eve of a hearing on the industry’s practices, Carl Levin of Michigan, who chairs the Senate permanent subcommittee on investigations, said too many consumers are suffering from what he called predatory practices and murky fees.

“Millions of families… are kept in debt and are in over their heads not just because of their own purchases… but because of the abusive practices and the excesses of the credit card companies,” Levin told reporters.

Testifying before Levin’s panel on Wednesday will be executives from Bank of America Card Services, JPMorgan Chase’s Chase Bank and Citigroup’s Citi Card.

The three companies did not immediately respond to messages asking to comment on the hearing.

Last week, Citigroup, the third-largest U.S. credit card issuer, said it will no longer automatically raise interest rates for cardholders who fail to make payments on other bills. Known as “universal default,” the practice has long been criticized by consumer advocates who argue that it victimizes poorer borrowers.

Norm Coleman of Minnesota, the top Republican on the subcommittee, said Citigroup’s recent move was encouraging.

We have got to bring back the usery laws I grew up with, the banking industry just plain needs to be controlled. I know I am a capitalist, but we give banks federal insurance to customers and we already regulate banking, so we need to control how much they can charge over the prime interest rate. We also need to do away with these fees and automatic jump in interest rates when you are in financial straights. Banks should be working with people in financial trouble, not raping them.