Day Traders: How Congress, Wall Street and the Media Traded America’s Future for the Next Short Term Fix

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If someone had woken you from a dead sleep 20 years ago and asked what the Republican Party stood for, you would’ve had no trouble answering: Fiscal restraint, a strong national defense and lower taxes. Those were the three pillars of the GOP. The party’s brand was clear. Voters understood it, and many approved. In the days before Obama, Republicans won seven out of ten presidential elections.

Things have changed for the muddier. Scratch the surface and you’ll find there is no longer a consensus among Republicans on foreign policy. Fiscal restraint? Years of earmarks, record deficits and at least one new federal entitlement under Republican congresses make that idea a bitter joke.

Of the three principles that have united the party since Reagan, only taxes remain. Republicans have been able to claim — sincerely, and with continuing success at the ballot box — that they are for lower taxes. Until Tuesday.

Here’s what happened: For reasons that aren’t entirely clear but are probably related to panic and a basic lack of principle, the Speaker of the House and other Republicans in Congress signed on to Democratic calls for “balance” between tax hikes and spending cuts — this despite the overwhelming evidence that spending is the real problem.

So, even before the negotiation began, they abandoned decades of principle on taxes. The result: Two months later, we have a deal, but no balance. It’s all tax hikes. Zero spending cuts. Nice job.

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Hezbollah Joining Cartels in Mexico’s War

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The Mexican Drug War has killed an estimated 60,000 people since 2006, but the violence has stayed out of the minds of most US citizens. That is about to change as Islamic extremist groups setting up shop in Mexico.

The House Committee on Homeland Security released a November 2012 report that reveals Islamic terror organizations and networks are indeed exploiting profits from narcotics, and the ease of weapons attainment, and the vast technological abilities of Mexican and other southern cartels that are thriving in Mexico’s lawlessness, along with other southern regions. The report, titled A Line In The Sand: Countering Crime, Violence, and Terror at the Southwest Border, details the growing involvement of Iran and Hezbollah in Mexico and other countries south of the southern US border.

“In 2006, the Subcommittee reported on the presence of both Iran and Hezbollah in Latin America. Since then, that presence has continued to grow with Iran now having embassies in 11 Latin American countries that include Bolivia, Chile, Colombia, Nicaragua and Uruguay.

This unsettling trend was the reason for a Subcommittee-led Congressional Delegation to Latin America in August 2012. The Delegation traveled to Mexico, Colombia, Paraguay, Argentina, as well as the Tri-Border Area (TBA) of Brazil, Paraguay and Argentina, for a first- hand assessment of the increasing threat posed by Iran and Hezbollah in Latin America.”

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Al Gore and Partners Sell Current TV . . . to Al Jazeera

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photo credit: mooks262

Al Jazeera, the pan-Arab news giant, has long tried to convince Americans that it is a legitimate news organization, not a parrot of Middle Eastern propaganda or something more sinister.

It just bought itself 40 million more chances to make its case.

Al Jazeera on Wednesday announced a deal to take over Current TV, the low-rated cable channel that was founded by Al Gore, a former vice president, and his business partners seven years ago. Al Jazeera plans to shut Current and start an English-language channel, which will be available in more than 40 million homes, with newscasts emanating from both New York and Doha, Qatar.

For Al Jazeera, which is financed by the government of Qatar, the acquisition is a coming of age moment. A decade ago, Al Jazeera’s flagship Arabic-language channel was reviled by American politicians for showing videotapes from Al Qaeda members and sympathizers. Now the news operation is buying an American channel, having convinced Mr. Gore and the other owners of Current that it has the journalistic muscle and the money to compete head-to-head with CNN and other news channels in the United States.

Al Jazeera did not disclose the purchase price, but people with direct knowledge of the deal pegged it at around $500 million, indicating a $100 million payout for Mr. Gore, who owned 20 percent of Current. Mr. Gore and his partners were eager to complete the deal by Dec. 31, lest it be subject to higher tax rates that took effect on Jan. 1, according to several people who insisted on anonymity because they were not authorized to speak publicly. But the deal was not signed until Wednesday.

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Obama’s Tax Evaders of the Year

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President Obama will kick off the new year the same way that he kicked off the old year: by demanding that the wealthy pay their “fair share” in taxes. But while millions of small-business owners, struggling entrepreneurs, inventors, and investors brace for a double whammy of fiscal-cliff tax hikes and new Obamacare taxes, the class-warrior-in-chief’s richest pals are getting a pass.

It’s a golden pass for liberal millionaires and billionaires who support higher Obama taxes for everyone but themselves. Meet the Democratic tax evaders of the year.

Google. The left-wing Internet giant provided Silicon Valley’s biggest campaign-finance boost to Obama, with individual-employee donations supporting the tax-hiking candidate by a ratio of more than 31-to-1. Google rank-and-file workers pitched in some $800,000 to Obama. Google’s CEO Eric Schmidt, co-founder Sergey Brin, chief legal officer and senior vice president David Drummond, and vice president and chief Internet evangelist Vint Cerf are all vocal Obama supporters and top donors.

In December, Google’s Netherlands subsidiary disclosed in a tax filing that it had shifted nearly $10 billion in revenues to a Bermuda shell company. That’s “almost double the total from three years before,” according to Bloomberg News. In response to criticism, Google defended the scheme as a legal response to government incentives. “It’s called capitalism,” Schmidt snarked defiantly.

Wonder what all of Obama’s operatives and media lapdogs who bashed evil, selfish Republican offshore tax havens have to say about that? Cue crickets chirping.

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Video: Mark Steyn: Biden-McConnell Fiscal Cliff Negotiation ‘Deeply Embarrassing,’ ‘A Mark of Shame’

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(DC) On Fox News Radio’s “Kilmeade & Friends” on Wednesday, National Review columnist Mark Steyn expressed strong dissatisfaction with the process that led to Tuesday’s fiscal cliff agreement.

“I think it ought to be deeply embarrassing to any developed society that 300 million people are sitting there on Monday, and they don’t know what their tax rates are going to be on Tuesday,” Steyn said. “That’s the mark of shame.”

Steyn, the author of “After America: Get Ready for Armageddon,” told host Brian Kilmeade that the fiscal cliff negotiations resembled a scene from the Soviet Union.

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Photo of Baby Reaching Out From Womb During C-Section Goes Viral

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A new photo of a baby reaching out of the womb and holding a doctor’s finger during a Caesarian section delivery has gone viral and is being passed around Facebook by tens of thousands of people.

A Phoenix-area couple took the picture during the delivery of Nevaeh — Heaven spelled backward — and a local news report says even the physician and hospital nursing staff were surprised by what unfolded.

“It was such an amazing photo. [Hospital staff] had possibly heard of it happening but they had never seen a photo of it,” said Alicia Atkins, Nevaeh’s mother.

Few lives will be as well documented as little Nevaeh’s. Her mother is a professional photographer who owns A Classic Pin-Up in Glendale. However, it was her dad, Randy, who snapped the picture.

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Beware of Years That End in 13

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Before this one, the last year that ended in “13” turned out to be one of the unluckiest in American political history. Now comes word from astronomers that a recently discovered comet is heading our way in 2013, predicted by some to blaze ten times brighter than a full moon. If you’re afflicted with triskaidekaphobia (fear of the number 13), or if you believe the old myth that a comet is a bad omen, you’re already looking forward to 2014.

I’m not superstitious, but I earnestly hope 2013 doesn’t bring us anything as calamitous as 1913 did. It was a disastrous year that we’re still paying a hefty, annual price for a full century later.

The presidential election of 1912 featured three main contenders: Woodrow Wilson, the Democrat; William Howard Taft, the Republican incumbent; and former president Theodore Roosevelt, the candidate of the Progressive (or “Bull Moose”) Party. Teddy remains an overrated politician, but he was a colorful and commanding figure whose daughter Alice summed him up well: “My father always wanted to be the baby at every christening, the bride at every wedding, and the corpse at every funeral.” His vanity and animosity for Taft handed the election of 1912 to Wilson, arguably the worst president of the 44 who have held the office. His first of two dreadful terms commenced in March 1913.

Wilson’s racism and philandering are now legendary among serious historians. As president of Princeton University, he barred blacks from the campus. As President of the United States, he ordered the segregation of all departments within the executive branch and appointed ardent segregationists to high positions. He covered up his adulterous affairs while posturing as a man of personal integrity. He led us into a major war he had promised to avoid, then campaigned for a peace treaty that all but guaranteed the next great conflict. He locked up political dissidents right and left as he trampled on the Constitution’s guarantees of speech, assembly, and press freedoms. His wartime economic controls were hideously stupid and counterproductive.

1913 would rank as an unlucky year if all that had happened was Wilson’s ascendancy to the presidency. Three things he helped give us that year, however, make it unforgettable in the most pejorative sense: the income tax, the direct election of U.S. senators, and the Federal Reserve System.

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Obama’s Immigration Reform Push To Begin This Month

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WASHINGTON — Despite a bruising fiscal cliff battle that managed to set the stage for an even more heated showdown that will likely take place in a matter of months, President Barack Obama is planning to move full steam ahead with the rest of his domestic policy agenda.

An Obama administration official said the president plans to push for immigration reform this January. The official, who spoke about legislative plans only on condition of anonymity, said that coming standoffs over deficit reduction are unlikely to drain momentum from other priorities. The White House plans to push forward quickly, not just on immigration reform but gun control laws as well.

The timeframe is likely to be cheered by Democrats and immigration reform advocates alike, who have privately expressed fears that Obama’s second term will be drowned out in seemingly unending showdowns between parties. The just-completed fiscal cliff deal is giving way to a two-month deadline to resolve delayed sequestration cuts, an expiring continuing resolution to fund the government and a debt ceiling that will soon be hit . . .

Good news for immigration advocates may have come Tuesday night, when Boehner broke the so-called “Hastert Rule” and allowed the fiscal cliff bill to come for a vote without support from a majority of his Republican conference. Given opposition to immigration reform by many Tea Party Republicans, the proof that Boehner is willing to bypass them on major legislation is a good sign, the Democratic aide said.

“If something is of such importance that the GOP establishment [is] telling Boehner, ‘You must do this. You need to get this off the table soon,'” the Democratic aide said, the speaker could break the Hastert Rule again.

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Moody’s Warns of Credit Downgrade if Congress Doesn’t Address Deficit

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Moody’s Investors Service announced Thursday that a compromise to avoid the “fiscal cliff” is not enough to protect the nation’s AAA rating, calling for further action from policymakers.

It said a deal over raising the debt limit, which could include new spending cuts, tax hikes and entitlement reforms, could determine whether the nation’s credit rating is downgraded.

“The debt trajectory resulting from this process is likely to determine whether the Aaa rating is returned to a stable outlook or downgraded to Aa1,” the agency said.

The Treasury Department said the U.S. reached its $16.4 trillion debt limit on Dec. 31, but that extraordinary measures can be taken for roughly the next two months to keep paying the nation’s bills.

The credit rater said the deal hammered out by Congress and the White House on taxes is merely a first step, and the U.S.’s credit rating could be affected “negatively” if Washington fails to take further steps to rein in the deficit. In fact, it said it was “necessary” for policymakers to adopt further measures to bring down the deficit to keep the U.S. rating intact.

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Claim: Classified Records Reveal US Tested ‘Tsunami Bomb’ Off New Zealand Coast During WWII

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The tests were carried out in waters around New Caledonia and Auckland during the Second World War and showed that the weapon was feasible and a series of 10 large offshore blasts could potentially create a 33-foot tsunami capable of inundating a small city.

The top secret operation, code-named “Project Seal”, tested the doomsday device as a possible rival to the nuclear bomb. About 3,700 bombs were exploded during the tests, first in New Caledonia and later at Whangaparaoa Peninsula, near Auckland.

The plans came to light during research by a New Zealand author and film-maker, Ray Waru, who examined military files buried in the national archives.

“Presumably if the atomic bomb had not worked as well as it did, we might have been tsunami-ing people,” said Mr Waru.

“It was absolutely astonishing. First that anyone would come up with the idea of developing a weapon of mass destruction based on a tsunami … and also that New Zealand seems to have successfully developed it to the degree that it might have worked.” The project was launched in June 1944 after a US naval officer, E A Gibson, noticed that blasting operations to clear coral reefs around Pacific islands sometimes produced a large wave, raising the possibility of creating a “tsunami bomb”.

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