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Posts by phelanw

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  • Dick Armey: Tom Tancredo is ‘destructive’ to Republicans on immigration

    03/15/2010 11:02:01 PM PDT · 50 of 68
    phelanw to Lancey Howard

    25% of the welfare benefits paid out in Los Angeles County are to illegal immigrants. That does not count the cost of educating their children.

  • White House Censorship? NPR Trying to Keep its Reporter Off of Fox News

    12/06/2009 10:26:29 PM PST · 21 of 37

    They are just mad that the only liberal gets pwned by Krauthammer. Every time. It makes libtards look so bad.

  • No incentive for BCS conference teams to play Boise State

    11/04/2009 1:14:04 PM PST · 15 of 33

    The SEC teams don’t want another tough game because the conference schedule is very tough. With three top ten teams this year in the conference, and a conference championship game, they have plenty of competition. I guess the same can be said of the Big 12 and others. Still, I would like to see Boise play another legitimate team each year. They’ve earned it.

  • What you can do to protest the NFL's attitude toward Rush Limbaugh

    10/16/2009 10:43:10 AM PDT · 29 of 34
    phelanw to MtnClimber

    Woo Pig Sooie!

  • Killer Australian Shark will Not be Hunted: Police

    12/27/2008 11:04:50 PM PST · 12 of 32
    phelanw to SWAMPSNIPER

    Maybe not the cottonmouths.

  • Recession's 3G's: Fearful Buy Gold, Guns and Generators

    12/25/2008 11:10:47 PM PST · 45 of 126
    phelanw to KingNo155

    The only thing I want to hoard is some of that subprime mortgage paper. I hear the big banks sold a lot of that off to investors before we bailed them out. I think we need to bail out banks that sell toxic waste to investors. I think it was Goldman that sold California state bonds to people, then turned around and advised their own clients to short the same bonds. Then we helped Goldman with their business. I like the way this government stuff works. Every bad deed gets rewarded.

  • Recession's 3G's: Fearful Buy Gold, Guns and Generators

    12/25/2008 10:52:18 PM PST · 40 of 126
    phelanw to phelanw

    An investment that is a lot better than gold or silver is subprime mortgage debt, turned into collateralized mortgage obligations, rated AAA by Moody’s and Standard and Poor’s, and cut into tranches. If you are lucky you can have Madoff Investment Securities LLC purchase the C tranch for you and keep the paperwork on their premises.

  • Recession's 3G's: Fearful Buy Gold, Guns and Generators

    12/25/2008 10:02:56 PM PST · 10 of 126

    We should all certainly trust paper — stocks, bonds, derivatives, credit default swaps, and so on. We should trust the organizations that invest our life savings in that paper. Paper investments with former presidents of the NASDAQ will probably turn out to be the best. We should not trust something we can have in our hand, something the state is not monitoring. Things like that just get stolen anyway. That sort of investment is also based on greed and fear. Paper investments sold by Wall Street are not based on greed, but on old fashioned American Values. Wall Street types are never motivated by greed. I think I’m starting to get it.

  • Great Depression 2009 Follows $30 Trillion Deflation

    12/24/2008 5:09:32 PM PST · 71 of 162
    phelanw to dilvish
    Okay, lets measure manufacturing as a % of US GDP. Here is a website that will let you compare 1985 numbers with 2005 numbers:
    Sorry, I forgot how to imbed. In 1985 it was 20% of GDP, in 2005 it was 14.4%. Their numbers don't go back past 1985.
    If you go back further the number would be higher.
    The problem with importing more than we export is of course the fact that it increases our indebtedness to the rest of the world. With a total debt of 350% of GDP and climbing (far higher as a percentage than during the depression) we can't afford to take on new debt. We are also seeing signs that foreigners willingness to lend to us is declining. So our standard of living went up in large part because we were piling up debt, and that game is over.
  • Great Depression 2009 Follows $30 Trillion Deflation

    12/24/2008 4:14:16 PM PST · 60 of 162
    Our population has more than doubled since WWII, and our manufacturing base has not kept pace. Almost all of the clothes I wear, from shoes to shirts, is made somewhere else. Almost all of the nails and screws and other hardware I buy, and the tools to use them, are made somewhere else. I can't find an American made fish hook. The American steel industry is a shadow of its former self. I have bought an American made coffee maker, the only one left.

    Prior to WWI we supplied all our own petroleum needs. Now we import over 70%. The $800 billion trade deficit is partly the result of oil imports, but not all of it. A lot of it comes from buying products made abroad that used to be made here. We can't export wedding planners, personal trainers, and so on. Until we start exporting as much as we import, and move to a balance in the current account, and until the government gets its budget under control, our standard of living will decline.

  • Great Depression 2009 Follows $30 Trillion Deflation

    12/24/2008 3:27:10 PM PST · 34 of 162
    Our standard of living was sustained for the past few years by borrowing $700-800 billion per year (current account), plus half of government deficits, from the rest of the world. The rest of the world has no incentive to continue loaning us 1 trillion per year. The game is over. We will recover only after we rebuild our industrial capacity. But where will the capital for that come from?

    Total indebtedness of the U.S. is now 350% of GDP. State governments are sinking. They are looking for a bailout. Pension plans are underfunded and have lost much of their asset capitalization. We are shedding half a million jobs a month currently. Government revenues are falling. The credit card bubble is set to hit, along with option ARMS, commercial real estate, and etc. It will be years before we dig ourselves out of this.

  • Big Tobacco & Halliburton On Bailout Short List

    11/16/2008 11:18:26 PM PST · 15 of 19
    phelanw to writer33

    There was a dream that was America.

  • Gold hits fresh peak around 820 usd as oil prices surge

    11/07/2007 6:20:19 PM PST · 178 of 190
    phelanw to Professional

    One can start looking for a top in gold when M3 stops growing at 3 times economic growth. And yes, I know the fed doesn’t publish M3 growth rates anymore (which was a good signal to buy gold). If one wants to know what the number is one may look in the back pages of the Economist. When M3 is growing only slightly faster than the economy one should be out of gold. I don’t expect to see that any time soon.

  • Mexican gov't blasts killing of migrant (demands exhaustive investigation and punishment)

    01/16/2007 11:13:51 PM PST · 9 of 39
    phelanw to onyx

    We are losing our country. Slowly but surely. A country whose leaders refuse to protect its borders has abandoned its sovereignty and will eventually lose its national identity. We are trading the legacy of Washington and Lincoln for the legacy of Pancho Villa. I should have taken Spanish instead of French. I can only imagine how much worse it will get under the democrats.

  • The Letter That Rocked Orange County

    01/14/2007 10:06:49 PM PST · 63 of 65
    phelanw to Eric_WA

    The article says the House found several hundred illegals voted in the election when Dornan was defeated. He was all over the airwaves talking about it. I remember it plainly. What sort of proof are you asking for? A video with names, dates, times and admission of guilt?

  • A Family at Cross-Purposes: Billy Graham's Sons Argue Over a Final Resting Place

    12/14/2006 8:26:22 AM PST · 7 of 36
    phelanw to shrinkermd

    I have come to respect him less over the years. First it was the comment that there was religious freedom in the USSR, then statements (memory a bit hazy here) about all religions being the same. There was a Reader's Digest article lately that had a picture of him with a glow around his head, as if he was divine. I thought it was in poor taste, so I tore it out and threw it away.

  • Actor Robert Duvall speaks against power line

    12/12/2006 6:53:56 AM PST · 48 of 68
    phelanw to netmilsmom

    Burying a power line is less efficient. You lose more energy in transmission and have to use larger lines to make up for the loss. I'm no engineer, so I can't give you the physics of it. I put a new electrical service on my farm and the power company told me how many sizes up I had to go with the underground wire to make up for the power loss.

  • Note To Angry Republicans: Stay Angry But Vote Republican (Dennis Prager Alert)

    10/30/2006 10:37:54 PM PST · 7 of 33

    I don't think the problem is the 28% of the population (or whatever it is) that ID's Republican. I think it's the 33% that ID's independent. That's who need convincing, the swing voters. What has been done in the past 6 years to convince them?

  • Fear of Too Many Babies is Hard to Bear - Mark Steyn

    10/24/2006 11:50:46 PM PDT · 114 of 117
    phelanw to dufekin

    The heyday of immigration is now. If you study immigration patters and numbers, you will see that since the '65 law, we have had historic levels of immigration. The decade of the 90's was the highest on record with about 1 million per year. This decade will surpass it. And that measures only legal, not illegal immigration.

  • Woman shoots would-be burglar in Canyon Country (CA)

    10/18/2006 10:49:32 PM PDT · 32 of 101
    phelanw to crucifiedhope

    Would it have been better for her to have let the guy kill her, if that was his intent? This is not a rhetorical question.

  • Wynn accidentally damages Picasso

    10/17/2006 10:22:17 PM PDT · 43 of 167
    phelanw to supercat

    Modern art is trash (excepting Dali, but that is my peculiar fancy). Modern music (art song) is trash. Modern theatre, so far as I am conversant with it, is trash. Anyone who would pay more than a day's wages for any of it (including Dali) is a fool

  • Gold scales new 25-year high, silver shines

    05/03/2006 7:49:53 PM PDT · 25 of 29
    phelanw to Centurion2000
    The back pages of the Economist report money supply growth for several countries. Interesting story. Of course the Fed has stopped reporting M3, but their numbers up till then showed growth of 8-8.9%.

    If the economy is growing at 4.X%, as they say, money supply is still growing twice as fast. Anyone who is not protecting their assets by diversifying into some PM and other commodities needs to take Macroeconomics 101.

  • Gold scales new 25-year high, silver shines

    04/28/2006 11:30:05 AM PDT · 6 of 29
    phelanw to Glenn
    Yes and if you bought Enron or Global Crossing, how would you be doing today? Or tulip bulbs way back at the top of that mania in Holland?

    Only a fool would have bought gold at the top in the 80's. Likewise, it did not take a genius to see 12 months ago that precious metals, especially silver, were set for a big rise. In the past 9 months silver has nearly doubled in value. Those who keep reminding us that there was a top in the 80's are probalby the same ones who have missed out on the recent run up in prices, because they had tunnel vision and thought one fact comprised the whole story.

    The real question is this: why are the prices of all of the following in parabolic rises -- gold, silver, zinc, uranium, copper, iron.

  • Sowing the Seeds of the Next Crisis

    04/27/2006 11:42:51 AM PDT · 13 of 14
    phelanw to pfony1
    From a fact-based question you can deduce what I'm hoping for and that I'm on a "dismal parade of doom." Are you sure you studied economics instead of rhetoric and mind reading? Or are you just a bit supercilious?

    Your textbook asnwer 1(a) does not factor in repos, by which one hand of the fed increases m3 while the other hand raises interest rates. It does not consider the potential negative effects of rising interest rates on a home mortgage market heavy in ARM's. Your 1(b) flies in the face of recent government reports showing wages are and have been for some time falling behind the rate of inflation.

    Your 2 does not explain how the American consumer, up to his eyeballs in debt, and having tapped all of his home equity to keep his spending spree going, will be able to increase his demand for consumer goods. Otherwise your answer was brilliant.

  • Sowing the Seeds of the Next Crisis

    04/26/2006 11:45:18 PM PDT · 10 of 14
    phelanw to pfony1

    Since you are so well trained in economics, I have a question for you. What happens to an advanced economy where M3 grows at a rate of 8-9% per year, while economic growth is about 3%, and this persistes for several years? Add in record levels of consumer debt; record levels of government debt; record levels of current account deficit; record low personal savings; monstrous government retirement program and medicare obligations looming in the near future. What is likely to happen to such an economy?

  • Sowing the Seeds of the Next Crisis

    04/26/2006 8:23:25 PM PDT · 9 of 14
    phelanw to Marxbites
    The bottom line is the money supply is growing much faster than economic growth here and the same is happening in very many places across the globe. Don't take my word for it; the Economist reports on this regularly. The copper wire I bought 3 years ago is worth more than 3 times what I paid for it, in depreciated dollars. Silver has gained about 80% in the past 8 months. Gold is going up. Copper. Lead. Oil. Platinum. Zinc. Inflation abounds.

    Those who wish are certainly entitled to hoard paper, in dollars, bonds, etc. However, most paper assets are losing value relative to most commodities.

  • Freshmen required to undergo homosexual indoctrination

    04/25/2006 4:55:01 PM PDT · 53 of 58
    phelanw to Old Professer

    Well, I think every course I teach by choice is worth the teaching. I teach American Government to 120 students each year. This year I taught Constitutional Law and Civil Liberties. I taught a course on Congress, from which my students won 3 awards for writing excellence from Illinois State U and Eureka College. I taught my first course on the philosophy of Leo Strauss. The last was probably the most rewarding to me as the professor, although I love con law.

  • Freshmen required to undergo homosexual indoctrination

    04/24/2006 6:20:52 PM PDT · 32 of 58
    phelanw to DBeers
    My oldest son registered for Bradley University in Peoria, went for student orientation, and saw something similar to this in action. Except that it was "I'm comfortable with that," or "I'm uncomfortable with that," or "no position." One scenario was "you see two men holding hands on campus." The rest were the usual political correctness.

    He consistently took the common sense position. At this particular indoctrination session the moderator would ask a person from each group why they took that position. My son was called on almost every time, since he was often alone. Eventually, some of the parents started joining him. The exercise backfired on the school.

    He came home, called Bradley and told them he was going to Eureka College, where I teach, and told them why. While Eureka is no bastion of conservatism, there are enough of us of us here to keep the place halfway sane.

  • Illegal Immigration Rally Santa Ana Report (pics)

    04/10/2006 8:38:18 PM PDT · 61 of 107
    phelanw to Number57
    I guarantee most of the illegals don't want to get registered as "guest workers" and employers sure don't want them to. Here's why: then the employer has to pay 7.65% social security taxes, workman's comp, unemployment insurance, minimum wage. That makes the illegal no cheaper than the unskilled American to employ. It levels the playing field between workers, and it drives the employers' costs up. You can offer all the gust worker packages you want, but "undocumenteds" will remain undocumented.
  • There Is No Hell

    04/01/2006 7:49:23 PM PST · 17 of 84
    phelanw to churchillbuff

    Dear Rev: read John 14:6.

  • Scalia Rails Against the 'Judge-Moralist'

    03/16/2006 11:06:06 PM PST · 84 of 137
    phelanw to Mad Dawg

    Careful jumping to conclusions. You might get hurt. The only time I have seen the inside of a law school was as a guest, twice as a guest lecturer.

  • Scalia Rails Against the 'Judge-Moralist'

    03/16/2006 12:20:46 AM PST · 36 of 137
    phelanw to no one in particular

    Most laymen have never even read the constitution. I suggest this as a test for the "appoint laymen" crowd: next time your car breaks down take it to someone with no mechanical training who has never read the manual. See if you like those results.

  • Government Farm ID Plan Raises Questions [Coast to Coast AM Discussion Now!]

    03/15/2006 11:07:40 PM PST · 5 of 35
    phelanw to ex-Texan
    BTW, there's no reason this should stop with livestock. Non-native fish, reptiles, etc are turned loose in our environment. They need to be tracked from capture/birth to new owner. Dogs and cats can be a problem as strays, etc. Parakeets, parrots should be chipped and tracked. Tame rabbits, chickens, tame pheasants, tame quail, chinchillas, heck, just every domesticated animal should be tagged, tracked, and of course have a federal tax attached to it. If it disappears you have to let the government know within 24 hours. No more taking sick and dying kitty out with a .22 Every animal dispatched will have to go to the vet or there will be PETA to pay.

    It's all for our own good.

  • Government Farm ID Plan Raises Questions [Coast to Coast AM Discussion Now!]

    03/15/2006 11:00:13 PM PST · 4 of 35
    phelanw to ex-Texan

    I'm from the government and I'm here to help.

  • Our Worst Nightmare: The Puncture of the Current U.S. Housing Bubble

    03/15/2006 1:36:15 PM PST · 34 of 86
    phelanw to RegulatorCountry

    Implyinging unfair and subjective analysis based on source is not an argument. Stating that the numbers cited in the article or the conclusions reached in the article are wrong, and providing evidence, is an argument.

  • Our Worst Nightmare: The Puncture of the Current U.S. Housing Bubble

    03/15/2006 1:14:23 PM PST · 26 of 86
    phelanw to RegulatorCountry
    Gold's not looking so good over the past month. What does the goldbug newsletter responsible for this article have to say? Is the gold bubble bursting?

    Gold has gone from $540 to $550 in the past 30 days, about .5% increase, or 6% annualized. Silver has gone from $9.15 to $10.25, more than a 10% increase, or over 120% annualized.

    Where the article came from makes no difference of course, unless you are into ad hominems. The fact is the problems identified in the article are real, and the potential for trouble with Fannie and Freddie is real.

  • Latinos paid dearly after Katrina

    03/15/2006 8:44:05 AM PST · 18 of 46
    phelanw to Fighting Irish
    This politics of race and identity sh+t gets old, doesn't it?

    Since we treat illegals so badly, maybe they'd better just stay home.

  • Saved By Revolt ("In Handing the President His Hat, His Party Did Him a Service")

    03/10/2006 3:50:58 AM PST · 27 of 153
    phelanw to meadsjn
    You list exactly expresses my worries and concerns, those of my family, and those of many of my Republican friends here in rural, central Illinois.
  • University expels cheater scan (Canadian college gives students free ride to plagiarism)

    03/10/2006 3:40:21 AM PST · 9 of 18
    phelanw to Dahoser
    If you plagiarize your dissertation in the United States you can lead a civil rights movement and get a holiday named after you. But only if you consort with a different woman the night before each major speech (behind your wife's back, of course).
  • 'Red America' gets the blues over left-leaning Oscars

    03/07/2006 10:01:23 PM PST · 39 of 284
    phelanw to phelanw

    Well, actually it was Sunnyland, not East Peoria. But close.

  • 'Red America' gets the blues over left-leaning Oscars

    03/07/2006 9:59:49 PM PST · 37 of 284
    phelanw to george76

    Note to Yahoo: I'm not seething, I'm really very calm. I'm not playing your game, I'm giving you no satisfaction whatsoever. I'm also not spending my $ on trash. The wife and I went to see Harrison Ford in Firewall the other night in East Peoria. It's so similar to a dozen other films (Clear and Present Danger, Gibson in the one where his son gets kidnapped, etc) but it was decent enntertainment. The screen with rump ranger sheep herders was empty. Rump ranger sheep herders evidently don't play in East Peoria.

  • Senate bill outlines '(Illegal Alien) GOLD CARD' program

    03/07/2006 5:21:57 PM PST · 16 of 35
    phelanw to VU4G10

    Tha tears it for me. I am now a man without a political party.

  • Biomass can change the world

    03/06/2006 8:47:43 PM PST · 17 of 25
    phelanw to thackney
    Raw statistics tell us very little. Note Canada's huge jump in "proven" reserves. That's due primarily to the tar sands. With conventional oil you get 25-30 times the energy out that you put into extraction. With tar sands you get 1.5%.

    Oh, and those Saudi "proven" (but only estimated, as the chart says) reserves, those were doubled several years back, as were most other OPEC producers "reserves", without drilling a single exploratory hole. Their annual production quotas were tied to their reserves, so they simply upped their "reserves." See Matthew Simmons' book, Twilight in the Desert for all the details.

  • Chris Rock: Oscars only for 'gays'- Officials with Academy concerned about choice of host

    03/05/2006 9:33:44 PM PST · 7 of 24
    phelanw to Coleus

    Drudge is a freaking moron. Hollywood deserves what comes around. I hope Rock disses em good.

  • Kentucky students can't skip anti-gay harassment training

    02/20/2006 8:35:48 PM PST · 21 of 118
    phelanw to Coleus
    In West Virginia v. Barnette, the Supreme Court wrote:

    If there is any fixed star in our constitutional constellation, it is that no official, high or petty, can prescribe what shall be orthodox in politics, nationalism, religion, or other matters of opinion or force citizens to confess by word or act their faith therein. If there are any circumstances which permit an exception, they do not now occur to us.

    Now the liberals want to change their tune. WVa couldn't force a flag salute/pledge recitiation, but the school can require indoctrination on this topic? I can't believe this would fly with the Supremes.

  • The End of Dollar Hegemony

    02/20/2006 7:09:05 PM PST · 23 of 35
    phelanw to Irontank
    China has found a better way to use those dollars than plow them back into treasuries. It gave BHP Billiton some exploration cash and in return got the rights to buy a huge chunk of Billiton's iron ore production for the next 25 years. link

    China is going around the world locking up petroleum reserves, copper, etc, for the next 25 years, taking care of its next generation. We are leaving a huge debt service to our children. In a world of growing populations and increasingly dear natural resources, whose long term plan would you prefer?

  • The End of Dollar Hegemony

    02/20/2006 6:39:22 PM PST · 21 of 35
    phelanw to Irontank
    While I do not agree with Paul's political interpretations, he is spot on economically. Whether we had to go into Iraq or not, whether we have to do something about Iran or not, the consequences of our economic policy cannot be avoided much longer.

    You simply cannot continue flooding the world with $700 billion per year (trade deficit) and $350 billion per year (50% of federal deficit) and not see the dollar fall. As the dollar falls foreigners who own dollar denomiated assets see them depreciate. Thus the Fed has to raise interest rates to compensate for the depreciation, and perhaps slow it down. The U.S. government does not want the dollar to fall, since a falling dollar makes US securities less attractive as an investment. Americans now have a zero % savings rate, so we cannot finance our own government's debt.

    Then you look down the road at the unfunded liabilities of the social security system and Medicaid. See this from Bush's State of the Union:

    By 2030, spending for Social Security, Medicare and Medicaid alone will be almost 60 percent of the entire federal budget. And that will present future Congresses with impossible choices -- staggering tax increases, immense deficits, or deep cuts in every category of spending. Congress did not act last year on my proposal to save Social Security -- (applause) -- yet the rising cost of entitlements is a problem that is not going away. (Applause.) And every year we fail to act, the situation gets worse.

    Presently the SS system pumps about $130 billion surplus into the federal coffers each year. By 2016 that annual surplus will disappear, as SS begins to run a deficit. So you can add roughly $200 billion more to the federal deficit by 2020 for that item alone. My conclusion is that after you add in the immense debt service required to pay the interest on our ever rising debt, the government will be unable to meet its obligations in the early 2020's by taxation and borrowing. Their only option will be to print enough dollars to pay their debts. Got gold?

  • Cartoon Violence

    02/19/2006 10:24:35 AM PST · 16 of 31
    phelanw to Incorrigible
    I had come to expect much clearer thought and expression from the Rockford folks. I think what is going on in this article is the author has some ideas which he can’t bring himself to express openly, so he dissembles them behind critiques of others.

    What I get from the article is that freedom of thought and expression are false ideals. Individuals are not entitled to such. Free thought and expression are corrosive of true Christian values in places where those values are held. For the sake of civility and protection of the faith, we mustn’t have totally free speech. This is why liberalism and Christianity are totally incompatible.

    The implication that Europe will become Muslim is a taunt to them to come back into the fold, to re-embrace Catholicism.

  • Designed to Create Controversy: 40% of UCSD Freshmen Students Skeptical of Evolution

    02/17/2006 11:05:53 PM PST · 61 of 77
    phelanw to phelanw

    I'm sorry. Intent should have been intend.

  • Designed to Create Controversy: 40% of UCSD Freshmen Students Skeptical of Evolution

    02/17/2006 10:59:25 PM PST · 60 of 77
    phelanw to Ichneumon
    No, it isn't, because a) you're talking about a different sort of "endpoint" than he is, and b) even by your own version, your claim is simply a statement of your belief, and not something that you have managed to establish or is so self-evident that it warrants your flat declaration that a statement about ateological endpoints would be on its face oxymoronic.

    Telos is Greek for end or purpose. If the universe is teleological then its development is toward a purpose or end. That is central premise -- a self evident "if-then statement" -- of Aristotelean metaphysics. Aristotelean metaphysics prevailed until positivism supplanted it with the notion of an ateleological universe.

    The central theses of Darwin's work are descent with modification and natural selection. My friends in the biology department, evolutionists all, tell me that the process of evolution for which these premises are central is a purposeless process, that it did not intent man or dog. I'm taking their word for it since they earned PhD's in their fields.

    A purposeless process is by definition ateleological. There is nothing that can be designated an end in the metaphysical sense. We can talk about the present stage of evolution and what it has produced up till this moment. We cannot foresee what it might produce next, since the project is driven not by reason (unless you now think man is totally in control of his own fate) but by the interaction of organism and environment. Therefore it is improper to speak of ends either temporally or metaphysically.

    It is also invalid to think of evolution as moving from low to high, except in the sense of from simple to complex. But to consider complexity morally or metaphysically superior to simplicity is to engage in value judgements, which are, strictly speaking, outside the province of science.