Friday, January 22, 2010

The bank robber in the White House

The bank robber in the White House terrorizes job creators, while offering rights to 911 mass killers. The brazen robber regards banks: their owners/investors, management, and employees, not as free individuals with inalienable rights, but as slaves. This article reports: “We should no longer ALLOW banks to stray too far from their central mission of SERVING their customers," Obama said in a White House address -

Mr. Obama: Free men DO NOT NEED PERMISSION. Free men TRADE.

To King Barack’s unbridled greed for coercive power:

Banks: Assert freedom! Fight the knave!
     Else: Be crowned cowards - willing slaves.

When brazen looters and thugs occupy the seat of coercive power, a monopoly, it is time for Henry Reardens to do a Patrick Henry. --

More government intervention into the financial industry will neutron bomb jobs and will deepen the recession. House Financial Services Committee: Be a George Washington, not a King George III.

The Founders fought a king and his mighty empire that ALL individuals be free from coercion by other men and by the government. When asked to do good by force – to be king of the USA – George Washington responded: “Abhorrent!” He upheld individual rights. He rejected power. Power-lust is for little men. --

Thursday, January 21, 2010

Are you a Jeffersonian or a Reaganite?

To answer “Both” is to unwittingly destroy glorious greatness, to support deceitful taxation, and to sanction tyranny.

1) Thomas Jefferson reduced the national debt from $83 million to $57 million while Ronald Reagan quadrupled it from $700 billion to $3 trillion. Jefferson did so while abolishing ALL excise taxes including the whiskey tax in the first year of his presidency, and then spending $15 million to double the then size of the USA. Reagan added $2.3 trillion to the national debt while increasing and expanding the Social Security tax and the Alternative Minimum Tax.

The Tax Reform Act of 1986 was ostensibly to reduce or eliminate tax deductions. This legislation expanded the Alternative Minimum Tax (AMT) from a law for untaxed rich investors to one refocused on middle class Americans who had children, owned a home, or lived in high tax states. This parallel tax system hits middle class Americans the hardest by reducing their deductions and effectively raising their taxes. Meanwhile, the highest income earners (with incomes exceeding $1,000,000) are proportionately less affected thereby shifting the tax burden away from the richest 0.5%. In 2006, the IRS's National Taxpayer Advocate's report highlighted the AMT as the single most serious problem with the tax code. As of 2007, the AMT brought in more tax revenue than the regular tax which has made it difficult for Congress to reform. --

The Wealth Redistribution Amendment was ratified in 1913. Jefferson accomplished the aforementioned without the income tax, originated by Republicans: the first US President to advocate extortion was Theodore Roosevelt - “In 1908 Theodore Roosevelt endorsed both an income tax and an inheritance tax, becoming the first President of the United States to openly propose that the political power of government be used to redistribute wealth.”

Origin of the Income Tax --

“I come to bury Reaganomics, not to praise it.” --

Jefferson abolished taxes because he revered Rights. Reaganomics is a deceitful hocus pocus perpetrated upon a trusting people, busily working to earn a living.

2) Ayn Rand and Abraham Lincoln extolled Thomas Jefferson.

Ayn Rand worshipped: "If it is ever proper for men to kneel, we should kneel when we read the Declaration of Independence… the greatest document in human history, both philosophically and literarily."

Abe Lincoln extolled: "THE PRINCIPLES OF JEFFERSON ARE THE DEFINITIONS AND AXIOMS OF FREE SOCIETY… ALL HONOR TO JEFFERSON - to the man, who in the concrete pressure of a struggle for national independence by a single people, had the coolness, forecast, and sagacity to introduce into a merely revolutionary document an abstract truth, applicable to all men and all times, and so embalm it there that to-day and in all coming days it shall be a rebuke and a stumbling-block to the very harbingers of reappearing tyranny and oppression.”

Contrast Jefferson’s quest for precision in his defense of Rights with Reagan tactics: Reagan’s SEC chairman, who initiated the explosive growth of insider trading prosecutions in 1981, said about defining ‘unfair use’: “Once you get one, it doesn’t take sophisticated minds long to figure out where the edges are.” Laws without edges are tyrannical.

Why Businessmen Need Philosophy (page 186 – by Richard M. Salsman): “The Reagan administration strictly enforced laws against “price fixing”, “predatory pricing”, “intent to monopolize”, and horizontal mergers”… antitrust investigations averaged two hundred a year in the mid-1980s. Imprisonment for antitrust violations also continued: in 1985 more than a dozen executives from electrical contracting firms were jailed.

[Page 197: 2 “Electrical Contractors Reel Under Charges That They Rigged Bids,” Wall Street Journal, November 29, 1985. In addition to this antitrust case, of course, other successful businessmen were unjustly imprisoned under Reagan, including financier Michael Milken (under the non-objective securities laws) and hotelier Leona Helmsey (under the non-objective Federal tax code).”

Read the brutality against Wall Street under Ronald Reagan (from page 111, also by Richard M. Salsman). On page 113: “The injustice is not merely that a clear definition of insider trading is lacking, but the government makes a conscious effort to avoid defining it. Former SEC Chairman John Shad who initiated the explosive growth in prosecutions in 1981, said about naming a definition: ‘Once you get one, it doesn’t take sophisticated minds long to figure out where the edges are.’…”

Daniel Fischel, a professor of law and business at the University of Chicago Law School, wrote about the viciousness against Mike Milken, the creator of 62 million jobs, in Payback - The Conspiracy to Destroy Michael Milken and his Financial Revolution.

I depicted the utter brutality and injustice in Royal Serf. Under Reagan’s watch, businesses and good people were gestapoed by Rudy Giuliani. -- All this was part of a drive by the administration to protect inefficient corporate managers from the dread threat of takeover bids, by which means stockholders are able to dispose easily of ineffective management and turn to new managers. Can we really say that this frenzied assault on Wall Street by the Reagan administration had no impact on the stock market crash [October 1987]?

And yet the Reagan administration has reacted to the crash not by letting up, but by intensifying, regulation of the stock market… -- The administration's stance toward the Savings and Loan industry contributed to the Savings and Loan crisis… partially influenced the stock market crash of 1987

Are you a Jeffersonian or a Reaganite?

Tuesday, January 19, 2010

Revered Quotes

1. “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — …” – Declaration of Independence

2. "Rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I do not add 'within the limits of the law' because law is often but the tyrant's will, and always so when it violates the rights of the individual." – Thomas Jefferson

3. "Fix reason firmly in her seat, and call to her tribunal every fact, every opinion. Question with boldness even the existence of a God; because, if there be one, he must more approve of the homage of reason, than that of blindfolded fear." – Thomas Jefferson

4. “Is life so dear, or peace so sweet, as to be purchased at the price of chains and slavery? Forbid it, Almighty God! I know not what course others may take; but as for me, give me liberty or give me death!" – Patrick Henry

5. “Abhorrent!” -- George Washington, when asked to be king of the USA

6. “No.” -- Abraham Clark, when dragooned to renounce his signature on the Declaration of Independence for the release of his two sons, officers in the Continental Army, captured and tortured by the British

7. “A wise and frugal Government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government.” – Thomas Jefferson

8. “A is A.” -- Aristotle

9. “What reason shows to be true is absolutely true, so that the opposite is absolutely false and impossible.” – Thomas Aquinas

“If religion, therefore, teaches something that is opposed to reason, … it would teach what is absolutely false and impossible.” – The Radical Academy

10. "... Believing with you that religion is a matter which lies solely between Man & his God, that he owes account to none other for his faith or his worship, that the legitimate powers of government reach actions only, & not opinions, I contemplate with sovereign reverence that act of the whole American people which declared that their legislature should "make no law respecting an establishment of religion, or prohibiting the free exercise thereof," thus building a wall of separation between Church & State..." -- Thomas Jefferson, On New Year's Day in 1802

11. “The very atmosphere of firearms anywhere and everywhere restrains evil interference - they deserve a place of honor with all that's good.” – George Washington

12. “Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.” -- William Pitt the Younger

13. “Definitions are the guardians of rationality, the first line of defense against the chaos of mental disintegration… A concept or mental integration is not arbitrary; it has a basis in reality… Definitions are determined by the facts of reality within the context of one’s knowledge.” - Ayn Rand

"... But soberly, it is now no child's play to save the principles of Jefferson from total overthrow in this nation. One would state with great confidence that he could convince any sane child that the simpler propositions of Euclid are true, but nevertheless he would fail, utterly, with one who should deny the definitions and axioms. The principles of Jefferson are the definitions and axioms of free society...

All honor to Jefferson -- to the man who, in the concrete pressure of a struggle for national independence by a single people, had the coolness, forecast, and sagacity to introduce into a merely revolutionary document, an abstract truth, applicable to all men and all times, and so to embalm it there, that today, and in all coming days, it shall be a rebuke and a stumbling-block to the very harbingers of reappearing tyranny and oppression." – Abraham Lincoln

14. “My philosophy, in essence, is the concept of man as a heroic being, with his own happiness as the moral purpose of his life, with productive achievement as his noblest activity, and reason as his only absolute.” -- Ayn Rand

15. “The only good which men can do to one another and the only statement of their proper relationship is — Hands off!” -- Howard Roark, The Fountainhead by Ayn Rand

16. "If it is ever proper for men to kneel, we should kneel when we read the Declaration of Independence… the greatest document in human history, both philosophically and literarily." -- Ayn Rand

“It is in this context — from the perspective of the bloody millennia of mankind's history — that I want you to look at the birth of a miracle: the United States of America. If it is ever proper for men to kneel, we should kneel when we read the Declaration of Independence.

The concept of individual rights is so prodigious a feat of political thinking that few men grasp it fully—and two hundred years have not been enough for other countries to understand it. But this is the concept to which we owe our lives—the concept which made it possible for us to bring into reality everything of value that any of us did or will achieve or experience.” – Ayn Rand

17. “If I were to speak your kind of language, I would say that man’s only moral commandment is: Thou shalt think. But a “moral commandment” is a contradiction in terms. The moral is the chosen, not the forced; the understood, not the obeyed. The moral is the rational, and reason accepts no commandments.

My morality, the morality of reason, is contained in a single axiom: existence exists — and in a single choice: to live. The rest proceeds from these. To live, man must hold three things as the supreme and ruling values of his life: Reason — Purpose — Self-esteem. Reason, as his only tool of knowledge — Purpose, as his choice of the happiness which that tool must proceed to achieve — Self-esteem, as his inviolate certainty that his mind is competent to think and his person is worthy of happiness, which means: is worthy of living. These three values imply and require all of man’s virtues, and all his virtues pertain to the relation of existence and consciousness: rationality, independence, integrity, honesty, justice, productiveness, pride.” -- John Galt, Atlas Shrugged by Ayn Rand

18. "I swear, by my life and my love of it that I will never live for the sake of another man, nor ask another man to live for mine." -- John Galt, Atlas Shrugged by Ayn Rand

19. “Thomas Jefferson said: ‘Reason and persuasion are the only practicable instruments.’ To remove the use of force from citizen interactions so that individuals may deal with each other only by reason and persuasion, citizens delegate their right to self-defense to their government. Citizens cannot delegate a right they do not possess – hence, the government has no right to regulate inherent inalienable Rights, including the rights of individuals who hold that selfishness is a virtue.” – Apollo, Royal Serf

20. “Don’t you want to be better than Toni?” Lola replied, “I don’t compare myself to anyone. I want to be good – period. I want to be the best I can be. I also admire intelligent people, like Toni.” -- Ten-year-old girls, Reason Reigns

21. “Good can exist without evil, whereas evil cannot exist without good.” -- Thomas Aquinas

22. “Genius is 1% inspiration and 99% perspiration.” -- Thomas Edison

23. “I will build a motor car for the great multitude. It will be large enough for the family, but small enough for the individual to run and care for. It will be constructed of the best materials, by the best men to be hired, after the simplest designs that modern engineering can devise. But it will be so low in price that no man making a good salary will be unable to own one.” -- Henry Ford

24. Property is the fruit of labor... property is desirable... is a positive good in the world. That some should be rich shows that others may become rich, and hence is just encouragement to industry and enterprise. Let not him who is houseless pull down the house of another; but let him labor diligently and build one for himself, thus by example assuring that his own shall be safe from violence when built. – Abraham Lincoln

Saturday, January 16, 2010

BB&T Chairman John Allison: It’s Patrick Henry Rearden Time

When brazen looters and thugs occupy the seat of coercive power, a monopoly, it is time for Henry Reardens to do a Patrick Henry.

After being coerced to accept TARP funds, after being allowed to pay back “a huge rip-off”, after paying $67 million to repurchase warrants on top of the 9% on federal borrowing you “didn't want in the first place", King Barack now calls for more extortion while constantly vilifying banks. He whimsically singles out banks, thus, exempting Fannie Mae, Freddie Mac, AIG, GM, Chrysler, and GE, the owner of NBC, MSNBC, and CNBC.
“Is life so dear, or peace so sweet, or BB&T so precious, as to be purchased at the price of chains and slavery? Declaration Signer Abraham Clark endured the brutal torture of his two captured sons as he refused to renounce the Declaration of Independence. To do less than what the Founders did: risk life and fortune in order to be free, is to betray one’s sacred honor and their legacy.”

Mr. Allison: if you do not sue the government for extortion, who will? If you do not lead the fight to reclaim inalienable rights and the Declaration of Independence, who will?

When a youngster in Reason Reigns is warned, “Alisa, you are putting yourself and Toni in danger” – she responds:

“I am terrified. But Toni and I do not care to live without the freedom to think and act. We will not follow blindly nor live in fear. No. Not ever. I cannot stand by in safety while other decent people confront evil. I cannot hold convictions without acting upon them. To do nothing is not an option because I won’t like myself then. I have to help expose and stop the evildoers.”

I quote another innocent from Royal Serf:

“Dear Businessmen:

I am an eighteen-year-old student and babysitter. I do not yet have your knowledge and mental prowess. But I always do my best. I have convictions and the integrity to stand by them. I revere heroes - you are among them.

A man of great knowledge has achieved a mind superior to most men. When a man with such a mind compromises his convictions, he is delivering the innocents, youngsters as well as adults like me, to evil.

When a man of great learning and superb mental prowess does not stand up for reason and rights, he is destroying the barriers protecting the innocents. He is unleashing evil upon the innocents.

There is no greater use of your abilities, no greater gift to mankind, than fighting for your own rights and property…”

Royal Serf’s Apollo appeals to professionals, businessmen, and scientists:

“People dedicated to reason and metaphysical reality immerse themselves in the physical sciences. They continue to achieve greatness. It is time for these heroes to save the humanities from unreason, so that their kind will never again suffer Galileo’s fate, a great scientist convicted of heresy because he declared the Earth revolves around the sun.

Heroes of the physical sciences: use your fidelity to reason on the humanities - that great pioneers will never again be called robber barons. That never again will citizens be regarded as properties of the state and never again will 58,159 soldiers be forced to sacrifice their lives. That the reign of brilliant innovation will never again be derided as the decade of greed. That never again will the best businessmen terrorized or hauled to prison, their greatest achievements looted or denounced as evil. That never again will the top five-percenters, who shoulder the bulk of government expenses and welfare, be treated as undeserving of dignity and protection by the government.

Men of reason: rise up to protect freedom and the innocents.”

BB&T Chair Blasts TARP as 'Huge Rip-Off'

Transcript: Obama's January 16, 2010 Weekly Address