Category: national politics & policies

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free trade & free markets ideological culture national politics & policies

Can You Bank On It?

Old Glory, bank, money, savings

With major financial institutions going belly up lately, now may not seem the best time to start a new bank.

But economic conditions are always dicey. 

In any case, much depends on whether the partners in such a venture follow sensible policies or treat depositors’ funds as gambling chips to be flung about in accordance with wishes, prayers, and prejudices.

Singer John Rich, doctor and politician Ben Carson, and pundit Larry Elder are teaming up to run Old Glory Bank. They’ve got at least one thing right. They see a market for “digital-first banking solutions” that is expressly anti-cancel-culture.

The three purchased an existing bank, First State Bank of Elmore City, Oklahoma, and are giving it a new name and modified mission.

According to Elder, Old Glory Bank, currently accepting account reservations, will be guided by principles of “liberty, privacy, security, community, family, and faith.” It’ll eschew what Rich calls “the political weaponization of the financial system.”

This sentiment contrasts with the animus animating outfits like PayPal, which cancels customers for having PayPal-disapproved views or political goals. (A pro-democracy group in Hong Kong is one victim of this policy.)

Some standard banks, too, have begun spurning customers involved in certain legal but politically controversial industries, like the firearms industry.

According to a press release issued late last year, Old Glory Bank “will never cancel law-abiding customers for their beliefs or for exercising their lawful rights of free speech.”

We will hold you to that.

This is Common Sense. I’m Paul Jacob.

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Alien National Capital

Joe Biden, democracy, voting, illegal immigrants

While the 58th anniversary of the Selma, Alabama, Bloody Sunday seemed an apt occasion to address the right of all citizens to participate democratically in their government, leaving the job to President Joe Biden was . . . awkward. He said nothing of consequence.

But back in 2020, candidate Biden said this: “In order to be able to vote, it’s important that you be a U.S. citizen.” That’s consequential.

In 2021, however, when the New York City Council extended suffrage to foreign nationals living legally in the Big Apple, against the will of the majority of New Yorkers, I don’t recall hearing even the slightest peep from 1600 Pennsylvania Avenue.

Now the wackos in Washington, D.C., have enacted a non-citizen voting measure that goes further. It allows Russian nationals working for Mr. Putin at their embassy in our nation’s capital to vote on city candidates and ballot issues and welcomes onto Washington’s voter rolls Chinese citizens here promoting Xi Jinping and the interests of his genocidal regime. 

The District of Columbia’s ordinance extends the franchise even to people here illegally, allowing anyone from anywhere in the world able to avoid deportation to cast a ballot. Legally.

Thankfully, House Joint Resolution 24, which seeks to block the D.C. non-citizen voting ordinance passed the U.S. House last month, garnering support from every Republican present as well as roughly one in five Democrats. Action now moves to the Senate. 

“After years of lamenting so-called ‘foreign interference’ in our elections,” argues Sen. Tom Cotton (R-Ark.), “every single Democrat ought to join in invalidating this insane policy.”

But will they? 

Congressional Democrats might claim that their support for local control in D.C. excuses them for allowing this non-citizen voting measure to become law. But it’s not even a fig-leaf after Biden declared he would sign the congressional Republicans’ repeal of another D.C. council enactment, a controversial crime “reform” law, which District officials then hurriedly withdrew to placate nervous national Dems.

Talk about awkward!

This is Common Sense. I’m Paul Jacob. 

Note: Biden certainly has a cavernous credibility gap on election integrity. After he attacked Republicans as “un-American” and the 2021 election reform legislation enacted in Georgia as “Jim Crow in the 21st Century,” the Peach State saw “record breaking turnout” in last year’s election. Sadly, much of the media merely ignored reality; CBS News headlined one report, “Effect of Georgia’s voting law unclear, despite high turnout.”

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Imprudent Skeptics?

Covid origins

“For nearly three years, anyone asking whether COVID-19 originated as a lab leak outbreak was silenced and branded as a conspiracy theorist,” stated Senator Josh Hawley (R-Mo), on Monday. “Now these prudent skeptics stand vindicated.”

While I enthusiastically support the bill he and Mike Braun (R-Ind.) introduced, the COVID-19 Origin Act of 2023, may I be excused if I get caught up on that term “prudent skeptic”?

Apparently Hawley means “skeptics” such as himself. But who are the imprudent skeptics? 

What would Hawley say should they be vindicated?

The bill, unanimously passed the Senate, would require the Biden administration to “immediately declassify all intelligence reports pertaining to the origins of COVID-19 and the Wuhan Institute of Virology.” Hawley insists that we, the people, “deserve to know the truth.”

But is it a mere curiosity that neither he, in his above-quoted statement, nor The Epoch Times, in its article on the bill, finger any likely entity other than the Wuhan Institute for Virology and the Chinese government?

For, as noted here many times, the evidence of culpability for conducting dangerous gain-of-function bat coronavirus research in China does not point merely to the Chinese. 

It points to the U.S. Government, the offices of Dr. Anthony Fauci, specifically.

Hawley doesn’t mention that evidence, nor does The Epoch Times.

This is not to let China off the hook for the pandemic, a Debacle At Best. (I’m not known for being “soft on China.”) I bring this up because of the implication: we skeptics of the Zoonotic Origin Theory have not been pointing only to the Chinazis, but also to our own governmental conspirators.

Surely it’s not imprudent to be skeptical of our own government.

This is Common Sense. I’m Paul Jacob.

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Decreases & Increases & Krugman

Paul Krugman, taxes, Social Security

Social Security was never designed for sustainability. The “Ponzi” element was there at the beginning: early recipients received HUGE benefits over their contributions, but as the population matured, that ratio of what working taxpayers put in compared to what they received in benefits decreased. 

Further, because there never was a “lock box” much less any investment of funds — it was always a transfer scheme — as the system matured it hit the point of financial default. Back in the 80s this was fixed by raising the taxes on working people.

And then the kicker: with the rate of reproduction in the U.S. falling like Sisyphus’s rolling stone, the ratio of taxpayers to subsidized retirees went in the wrong direction. The folks assigned to keep track of the system’s finances predict that a major insolvency moment occurs about a decade from now, a few years ahead of earlier predictions.

So what does Nobel-winning economist Paul Krugman, of The New York Times opinion page, advise?

While we fret about the devastation that benefit cuts and tax hikes would cause, Reason’s Eric Boehm notes that Krugman doesn’t think the cuts are necessary. “First, Krugman says the CBO’s projections about future costs in Social Security and Medicare might be wrong. Second, he speculates that they might be wrong because life expectancy won’t continue to increase. Finally, if those first two things turn out to be at least partially true, then it’s possible that cost growth will be limited to only about 3 percent of gross domestic product (GDP) over the next three decades and we’ll just raise taxes to cover that.”

Hope over reason! And the progressive’s blithe acceptance of always-increasing tax burdens.

Serious people should confront facts . . . and avoid Krugman.

This is Common Sense. I’m Paul Jacob.

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Lessons Not Yet Learned?

Dr. Anthony Fauci, virus, masks

When will we learn to distrust big government?

While readers of this Common Sense have been tracking the Wuhan Lab Leak story for two years now, most people are still behind the curve. Fortunately, another government agency has weighed in on the Lab Leak side, as reported by Michael R. Gordon and Warren P. Strobel in the Wall Street Journal: “Lab Leak Most Likely Origin of Covid-19 Pandemic, Energy Department Now Says.”

No wonder there’s disagreement and confusion, though: “The Energy Department made its judgment with ‘low confidence,’ according to people who have read the classified report,” Gordon and Strobel explain. 

There remains much we do not know, of course. But we should understand that is largely because China’s totalitarian regime has purposely hidden information from the world. With the full assistance of Dr. Anthony Fauci and Big Government Science in the U.S. . . . and evasive coverage by our media.

Then consult Brett Stephens’ “The Mask Mandates Did Nothing. Will Any Lessons Be Learned?” in The New York Times last week.

Now, many of us embraced masks early on, when little was known, bascally advising mask wearing as a signal of hope. We can do something. But soon the masks themselves masked something other than hope: the raw powerlust of the elites in their lockdown tyranny over the masses.

But for actual reduction in the contagion of a virus, Stephens reports, masks are useless. Citing an Oxford epidemiologist with the great name of “Tom Jefferson,” not even N-95 masks do the trick: “Makes no difference — none of it,” said Jefferson.

What about those studies we were informed proved the case? They were “nonrandomized,” “flawed observational studies.”

Yet lots of politicians and bureaucrats — including “the mindless” Centers for Disease Control — keep pushing masks.

It’s not that we cannot learn. It’s that they don’t want us to.

This is Common Sense. I’m Paul Jacob.

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The 2021 Spike

Covid, vaccines, side effects

The graph is startling. It shows VAERS reporting numbers in Florida from 2006 through 2022. 

VAERS is the Vaccine Adverse Event Reporting System. Little blips of data run along the bottom of the graph through 2020, a year in which there were 2466 reports of negative effects. 

And then came 2021, the year in which mRNA and viral vector vaccines were rolled out in the United States, pushed heavily by the federal government and All Responsible Opinion, subsidized per the dose to the drug companies, as well as by lifting the burden of liability for . . . adverse effects.

The number of Floridians reporting such adverse effects soon after taking the vaccines spiked to 41,473.

The next year it subsided a bit, but to an otherwise walloping high of 9,104.

“In Florida alone, there was a 1,700% increase in VAERS reports after the release of the COVID-19 vaccine, compared to an increase of 400% in overall vaccine administration for the same time period,” Florida Health tells us in the online “Health Alert on mRNA COVID-19 Vaccine Safety,” of February 15. “The reporting of life-threatening conditions increased over 4,400%. This is a novel increase and was not seen during the 2009 H1N1 vaccination campaign.”

“Just publish the data; give us the facts,” Dr. John Campbell stated in his online talk on the report. He’s appreciative of the Sunshine State’s newfound transparency: “Well done, State of Florida.”

But nearly all other governments have failed to acknowledge such data much less act on it “in meaningful ways”: “badly done, other 49 states. Badly done, the UK; badly done, Europe; badly done, Canada; badly done, New Zealand, Australia.”

Quite a spike in government “badly dones.”

This is Common Sense. I’m Paul Jacob.

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Identified Floating Object?

China, balloon, surveillance, spying

It’s always something. 

Last week, it was a Chinese spy balloon floating over Alaska, Canada and then across the continental United States from Montana all the way to South Carolina — repeatedly loitering over strategic military installations — before being downed by a Sidewinder missile fired by a U.S. military jet over the Atlantic.

China claims it was a civilian balloon gathering meteorological data that had accidentally blown off course; the U.S. says its flight path was deliberate and “We know it is a surveillance balloon.”*

With growing controversy about why the Biden Administration allowed a spy balloon to traverse the country, the Pentagon shockingly stated that the Chinese had done this before — once earlier in Biden’s term and three times during the Trump Administration. 

So just normal stuff, eh? 

Well, no. As Byron York sorts out at The Washington Examiner, those Chinese spy balloons were “near” U.S. territory, just possibly crossing into our airspace — nothing like last week’s cross-country cruise.

So, just what are the Chinazis up to?

“[The Chinese] want it to be seen,” argues Professor Michael Clarke, a defense analyst for Australia’s Sky News. “They want it to be noticed. My view is that it is all about the Philippines.” 

Clarke points to the South China Sea where China has been illegally building militarized artificial islands in areas that rightfully belong to the Philippines. Last week, the Philippines agreed on opening four more bases to the U.S. military, sending a strong message that Chinese aggression will be met with force. This was the Chinese government bringing the conflict to people in North America. Us!

While we still lack important information, analysis of the wreckage may allow us to learn more.

On the other hand, don’t we already know everything we need to know about the CCP? 

This is Common Sense. I’m Paul Jacob. 

* I have nearly zero trust in ‘fog of war’ U.S. government pronouncements, but less than zero in the great gaslighting Chinazis.

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Earmarked Nation

pork, spending, Congress, debt

The big secret of the federal government’s budget is that there isn’t one.

Instead of proposing a rational budget, Congress spends money in huge omnibus bills, which sweep up most of the big items into a bucket which is then poured out into the economy. Since these buckets contain more money than can actually be found in federal coffers, the consequent deficits are covered by debt. 

Which accumulates. 

Looming larger and more ominous every year.

One way these omnibus bills are managed is that almost no one reads them. As former House Speaker Nancy Pelosi said of Obamacare, ya gotta pass it to find out what’s in it.

How to get congressmen to go along with this financial chaos? Bribery. Make the spending binge even bigger with earmarks.

That’s where members of Congress place local boondoggle projects into the omnibus bills and get them through without having to convince anyone but the leadership of the projects’ dubious merits.

I used to talk more about earmarks. But when the Tea Party Republicans entered in 2011, they nixed earmarking “the pork.”

When the Democrats came back into power, the aforementioned Mrs. Pelosi brought them back, which, in the last big omnibus bill, pushed spending up an extra $8 billion or so.

Though Democrats love earmarks as an institutional practice, Republican protests are often merely pro forma. Alabama’s Retiring Republican Senator Richard Shelby, for example, “got $666.4 million down there to Alabama,” explained Tom Temin recently. “Sounds like there’s going to be a lot of Richard Shelby bridges, Richard Shelby schoolhouses, Richard Shelby highways.”

Thankfully, one of the concessions Speaker of the House McCarthy made with the Freedom Caucus (whom the president calls “ultra-MAGA” and “semi-fascist”) was to attack the earmarking practice again — after a failure to decide against earmarks late last year.

We’ll see how that goes. But the real test will be the abandonment of omnibus spending packages.

This is Common Sense. I’m Paul Jacob.

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How Congress Works

Congress, pawns, power

“Who knew that our time-tested and powerful democracy could not survive a few days of debate and disagreement on our most important questions?” asked journalist Glenn Greenwald weeks ago during the House voting for Speaker.

“To hear establishment mavens all tell the story,” he pointed out, “the failure of Congress to smoothly and swiftly and immediately elect a speaker that’s been preordained — with little debate (as it usually does) — has put the U.S. Government on the verge of collapse.

“Apparently, a healthy democracy requires that everyone march in lockstep, follow orders from on high, and never question anything,” he added sarcastically. 

Greenwald is onto something.

“One of the dirty secrets of how Congress works in the modern era,” he explained, “has been that actual members of Congress, your representatives, have very little power — almost none. They’re more like little, tiny chess pieces moved around for a tiny coterie of party leaders.

“It’s a dynamic that has turned Congress into a profoundly anti-democratic institution,” noted Greenwald. “And it’s one of the main reasons why we get so little reform and so much corruption out of [Congress].

“Many Americans remain convinced that the two parties can’t agree on anything . . . can’t make anything happen, when in fact they’re making a lot happen.” Such as making “tens of trillions of dollars fly out the door.”

Mr. Greenwald blames “a small handful of omnipotent party leaders, from each party, who are willing to play the game, join hands and ensure that totally insulated from election outcomes and public debate, the Washington consensus churns on.”

What to do? Greenwald did not mention term limits. But I just did.

This is Common Sense. I’m Paul Jacob.

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national politics & policies term limits U.S. Constitution

The Demand for Term Limits

Rep. Matt Gaetz, US Capitol, Term Limits

Lots of talk about term limits last week — in Washington. 

Of all places. 

What bizarre chain of events caused career congressmen to start jawboning and horse-trading about the popular reform that most of them viscerally oppose?

It was the work-product of a small number of hardcore conservative Republican legislators, a mere 20, flexing their strength and commitment at a critical political point — the election of the House Speaker — and armed with concrete demands.

“We offered Kevin McCarthy terms last evening that he rejected,” Rep. Matt Gaetz (R-Fla.) told reporters last Tuesday. One of those? “We’ve sought a vote in [the] first quarter of the 118th Congress on term limits.”

By week’s end, however, McCarthy had been elected Speaker of the House . . . but only after having pledged to bring to the floor that congressional term limits amendment, authored by Rep. Ralph Norman (R-SC), one of the 20 holdouts, along with making other concessions. 

Meet the Press host Chuck Todd yesterday cast shade on the effort, calling these “show votes.” 

While it’s true that incumbents are unlikely to vote for the term limits amendment in the 2/3 supermajority the Constitution requires, or for the balanced budget amendment for which the holdouts, mostly Freedom Caucus members, also secured a commitment from McCarthy. 

“We’ve got to start taking steps to make fundamental change in America,” Rep. James Comer (R-Ky.) told Todd. And putting every U.S. representative on record on term limits sounds like a great first step for early 2023.

Worth the battle.

This is Common Sense. I’m Paul Jacob.

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