Progressives are a funny group when it comes to investing, and I mean real investing, not the phony code word for spending. If they’re the ones controlling the money and especially if the money is not theirs, then investing is fine. If it will compete with one of their sacred social programs and you will directly benefit from it, then bar the door it’s an out of control casino.
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Progressives and “Investing”
by Bill O'Connell on September 15, 2011
So Called Conservatives and Birthright Citizenship
by Bill O'Connell on August 18, 2010
A recent article in the Wall Street Journal, newly elected Republican Congressman from Hawaii Charles Djou called Birthright Citizenship a GOP Achievement. And to think I was happy to hear Mr. Djou was elected in an unusual special election where he ran against two Democrats simultaneously. They split the vote and he won. Birthright Citizenship is not a GOP achievement it is an accomplishment of judicial activism, pure and simple. Mr. Djou says, “The Citizenship Clause of the Constitution’s 14th Amendment provides that a person born in the United States is automatically a citizen, regardless of the race, ethnicity or citizenship of his parents.” Where the hell does it say that?
The Amendment actually reads, “All persons born or naturalized in the United States and subject to the jurisdiction thereof, are citizens of the United States and of the state wherein they reside.” These, so called conservatives, like the first part of the clause but seem to go ignorant or blind at the second part. If you are a Constitutional Originalist, you look to the meaning of the Constitution first in the actual text, then to any information that you can glean from what was discussed at the time of its passing. This is a case where that information could not be any clearer.
Senator Jacob Howard of Ohio was the author of the citizenship clause of the 14th Amendment. He said:
“[E]very person born within the limits of the United States, and subject to their jurisdiction, is by virtue of natural law and national law a citizen of the United States. This will not [emphasis added] , of course, include persons born in the United States who are foreigners, aliens, who belong to the families of ambassadors or foreign ministers accredited to the Government of the United States, but will include every other class of persons. It settles the great question of citizenship and removes all doubt as to what persons are not citizens of the United States. “
How much clearer could “not include aliens” be? Aliens are outside the jurisdiction of the United States and are subject to their home country.
Linda Chavez, who presents as her conservative credentials that she served in the Reagan and Bush administrations, points to English Common Law as the basis of the Birthright Citizenship. Since under Common Law you are immediately and forever a citizen of the place of your birth. However, with the Declaration of Independence we did away with that custom of English Common Law. Under Common Law, you could not renounce your citizenship, and if we are still under that law, we are still all Englishmen. It was also one of the causes of the War of 1812. The British did not recognize our process of Naturalization. They were stopping our merchant ships and taking off sailors they deemed to still be English citizens and pressed them into service in the Royal Navy. The concept that Ms. Chavez is arguing supports Birthright Citizenship is from feudalism, where the serfs belonged to the land. They received the lord’s protection and in return gave their lord a lifetime of service.
At the time of passage of the 14th Amendment, whose purpose was to grant citizenship to the freed slaves, the debate was whether it would also confer citizenship on the American Indians. Under Mr. Djou’s logic and Ms. Chavez’s they were born here, it was automatic. But it wasn’t. Not because of discrimination but because they were members of their tribes which were considered sovereign nations. The United States signed treaties with them. In the Supreme Court case Elk v Wilkins the court ruled:
“Indians, born within the territorial limits of the United States, members of and owing immediate allegiance to one of the Indian Tribes, an alien though dependent power, although in a geographical sense born in the United States, are no more born in the United States and ‘subject to the jurisdiction thereof’ …than the children of subjects of any foreign government born within the domain of that government, or the children, born within the United States, of ambassadors or other public ministers of foreign Nations.”
That was the law until 1898 in the Supreme Court case United States v Wong Kim Ark, where the majority used the Common Law argument to ignore what was written in the text of the Amendment, what was discussed at the time of the Amendment by the author of the Amendment and its supporters and the prior Supreme Court case. This is judicial activism at its baldest. In the dissenting opinion by Chief Justice Fuller he made it clear:
“when the sovereignty of the Crown was thrown off and independent government established, every rule of the common law and every statute of England obtaining in the colonies, in derogation of the principles on which the new government was founded, was abrogated.”
The American Revolution did away with that definition of Birthright Citizenship under the Common Law.
So along comes Lindsey Graham, who can’t decide if he is for open borders or against them, so his suggestion to amend the Constitution to end Birthright Citizenship sounds somewhat hollow. It is also irrelevant. Article I, Section 8 of the Constitution clearly grants the Congress the power “To establish an (sic) uniform Rule of Naturalization..” This does not require an amendment, just a simple clarifying law that Birthright Citizenship does not exist in the United States.
The irony is that the 14th Amendment was created to make it more difficult for future Congresses to repeal the Civil Rights Act of 1866, which said pretty much the same thing as the 14th Amendment and it was changed with the stroke of the pen of an activist Supreme Court. Perhaps we need to consider the idea of Mark Levin in that perhaps we need to have a legislative veto of Supreme Court decisions. If the role of the Supreme Court is to interpret laws written by Congress, why not let Congress with a two-thirds vote, explain what the Supreme Court misinterpreted?
Goldman Skirts Volker Rule – Well That Didn’t Take Long
by Bill O'Connell on July 28, 2010
It never ceases to amaze me how the political class thinks they are so much smarter than the rest of us. They think they can write a 2,000 page law that will really “fix” things and don’t believe that all the intellectual horsepower in America can’t disassemble their work in a matter of days. Today’s political class is too dumb to realize Thomas Paine was right and still is, “that government is best that governs least.”
This is from Fox Business News. Goldman Sachs has figured out a way to get around the Volker Rule’s restrictions on trading that was just enacted in the Dodd-Frank Act. It is doing this by changing its “risk taking- traders into asset managers.”
The move is designed to exploit a loophole in the Volker Rule, part of the recently signed financial-reform legislation named after presidential economic adviser and former Federal Reserve chief Paul Volcker. The Volcker Rule is supposed to scale back on Wall Street risk taking by ending what’s known as proprietary trading, where firms use their own ideas and capital to make market bets.
But by having the traders work in asset management, where they will take market positions while dealing with clients, Goldman believes it can meet the rule’s mandates, avoid large-scale layoffs and preserve some of the same risk taking that has earned it enormous profits, people close to the firm say.
This is really about the arrogance of those who have been breathing the heady air of Washington, DC for too long. From way up in those ivory towers they can’t see that among those on the ground are the most brilliant minds in the world and before one of their lofty laws tossed from the tower hits the ground, the huddled masses will turn it into mince meat. Why does Medicare/Medicaid lose $60 – $100 billion a year to fraud? Because for every beltway pinhead writing a regulatory rule, there are 100,000 people reading that same rule and finding all the ways to get around it and how to use the same rule to tie the government in knots so it can’t stop them.
Are they really that arrogant? When asked that question John Kerry sniffed and said, “Let them pay taxes.” He then cackled, stepped on to his 74 foot yacht Isabel and sailed off into the sunset, quaffing champagne as he went.
Liberty in Obama’s Crosshairs
by Bill O'Connell on October 28, 2008
[the Warren Court] “didn’t break free from the essential constraints that were placed by the Founding Fathers in the Constitution, at least as it has been interpreted.” — Barack Obama interviewed on Chicago Public Radio WBEZ-FM September 6, 2001
On January 20, 2009, Barack Obama may be standing before Chief Justice John Roberts, place his hand on the Bible and take the oath of office of the President of the United States and pledge to “preserve, protect, and defend the Constitution.” Can he take such an oath with a clear conscience?
Obama’s View of the Constitution
Steven G. Calabresi writes in the October 28th, 2008 Wall Street Journal, describing how Obama’s philosophy is that justice should not be viewed by our courts in a legal sense, but rather in a social sense. Social justice means just what he said to Joe the Plumber, spreading the wealth around is a good thing. Not only is it a good thing, but it should be guaranteed by the constitution.
What this means is that he believes that if an individual goes to court and has a hard luck story to tell, the judge should rule in that individual’s favor, regardless of the legal merits of the case. As Mr. Calabresi writes, “Empathy, not justice, ought to be the mission of the federal courts, and the redistribution of wealth should be their mantra.”
The Threat to Liberty
How does this impact our individual liberty? Well, liberty is defined as freedom from arbitrary or despotic control. So if a homeless person, breaks into your house and eats your food, he should not go to jail or be punished. Perhaps if he vandalizes your house, he may be punished, because that wasn’t necessary. However, if you were his former boss and you laid him off or fired him, then maybe the vandalism is okay. If you have food and can afford to buy more, then the homeless have a right, constitutionally protected, to take yours. Now you may well say, that will never happen! Maybe so, but then you will see the next best thing, the government will take the equivalent of your food in the form of your wealth and give it to the homeless person. And just what is the difference between a criminal with a gun, and the government with the power to throw you in prison when the goal of both is to take your wealth.
What Did the Founders Think?
The reasons the founders incorporated what Obama calls “essential constraints” into the Constitution was their deep seated distrust of a powerful government. They knew the power of a government that paid little heed to their liberty. They threw off that government with the Declaration of Independence. They were fearful of putting a similar one in its place. They felt that individuals should be free to enjoy Life, Liberty, and the Pursuit of Happiness, and that government is necessary, but should be minimal.
Listen for yourself:



