via AbnormalReturns
A great read by John Spong at TexasMonthly.com
Comments »Monthly Archives: April 2012
Joel Kotkin: The Great California Exodus
‘California is God’s best moment,” says Joel Kotkin. “It’s the best place in the world to live.” Or at least it used to be.
Mr. Kotkin, one of the nation’s premier demographers, left his native New York City in 1971 to enroll at the University of California, Berkeley. The state was a far-out paradise for hipsters who had grown up listening to the Mamas & the Papas’ iconic “California Dreamin'” and the Beach Boys’ “California Girls.” But it also attracted young, ambitious people “who had a lot of dreams, wanted to build big companies.” Think Intel, Apple and Hewlett-Packard.
Now, however, the Golden State’s fastest-growing entity is government and its biggest product is red tape. The first thing that comes to many American minds when you mention California isn’t Hollywood or tanned girls on a beach, but Greece. Many progressives in California take that as a compliment since Greeks are ostensibly happier. But as Mr. Kotkin notes, Californians are increasingly pursuing happiness elsewhere.
Nearly four million more people have left the Golden State in the last two decades than have come from other states. This is a sharp reversal from the 1980s, when 100,000 more Americans were settling in California each year than were leaving. According to Mr. Kotkin, most of those leaving are between the ages of 5 and 14 or 34 to 45. In other words, young families.
The scruffy-looking urban studies professor at Chapman University in Orange, Calif., has been studying and writing on demographic and geographic trends for 30 years. Part of California’s dysfunction, he says, stems from state and local government restrictions on development. These policies have artificially limited housing supply and put a premium on real estate in coastal regions.
“Basically, if you don’t own a piece of Facebook or Google and you haven’t robbed a bank and don’t have rich parents, then your chances of being able to buy a house or raise a family in the Bay Area or in most of coastal California is pretty weak,” says Mr. Kotkin.
While many middle-class families have moved inland, those regions don’t have the same allure or amenities as the coast. People might as well move to Nevada or Texas, where housing and everything else is cheaper and there’s no income tax.
And things will only get worse in the coming years as Democratic Gov. Jerry Brown and his green cadre implement their “smart growth” plans to cram the proletariat into high-density housing. “What I find reprehensible beyond belief is that the people pushing [high-density housing] themselves live in single-family homes and often drive very fancy cars, but want everyone else to live like my grandmother did in Brownsville in Brooklyn in the 1920s,” Mr. Kotkin declares.
“The new regime”—his name for progressive apparatchiks who run California’s government—”wants to destroy the essential reason why people move to California in order to protect their own lifestyles.”
Read the rest here.
Comments »British Gameshow Contestant Puts On Badass Display Of Game Theory
Joe Weisenthal
This is so cool (via Gawker and Justin Wolfers): A British gameshow called “Golden Balls” invites contestants to play a version of the Prisoner’s Dilemma, wherein the two contestants have to decide whether they’re going to “split” or “steal” a pot of money.
If they both opt to split, they split the money. If one opts to split, and one opts to steal, the one who steals it gets the whole pot. And if they both opt to steal it, then neither get the money.
You have to watch this video to appreciate the raw game theory power move that one contestant pulled.
See the video here.
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Grope and Change
Unlike the government of the United States, I can’t claim any hands-on experience with Colombian hookers. But I was impressed by the rates charged by Miss Dania Suarez, and even more impressed by the U.S. Secret Service’s response to them.
Cartagena’s most famous “escort” costs $800. For purposes of comparison, you can book Eliot Spitzer’s “escort” for $300. Yet, on the cold grey fiscally conservative morning after the wild socially liberal night before, Dania’s Secret Service agent offered her a mere $28.
Twenty-eight bucks! What a remarkably precise sum. Thirty dollars less a federal handling fee? Why isn’t this guy Obama’s treasury secretary or budget director? Or, at the very least, the head honcho of the General Services Administration, whose previous director has sadly had to step down after the agency’s taxpayer-funded public-servants-gone-wild Bacchanal in Vegas.
All over this dying republic, you couldn’t find a single solitary $28 item that doesn’t wind up costing at least 800 bucks by the time it’s been sluiced through the federal budgeting process. Yet, in one plucky little corner of the Secret Service, supervisor David Chaney, dog-handler Greg Stokes, or one of the other nine agents managed to turn the principles of government procurement on their head. If the same fiscal prudence were applied to the 2011 Obama budget, the $3.598 trillion splurge would have cost just shy of $126 billion. The feds’ half a billion to Solyndra would have been a mere $18 million. The 823-grand GSA conference on government efficiency at the M Resort Spa & Casino would have come in at $28,805.
Chaney-Stokes 2012! Grope . . . and Change! Red lights, not red ink.
Read the rest here.
Comments »Rising Fears That Recovery May Once More Be Faltering
SEC Charges British Twin Brothers Touting “Stock Picking Robot” in Internet Pump-and-Dump Scheme
FOR IMMEDIATE RELEASE
2012-72
Washington, D.C., April 20, 2012 – The Securities and Exchange Commission today charged twin brothers from the U.K. with defrauding approximately 75,000 investors through an Internet-based pump-and-dump scheme in which they touted a fake “stock picking robot” that purportedly identified penny stocks set to double in price. Instead, the brothers were merely touting stocks they were being paid separately to promote.
The SEC alleges that Alexander John Hunter and Thomas Edward Hunter were just 16 years old when they set their fraud in motion beginning in 2007. They disseminated e-mail newsletters through a pair of websites they created to tout stocks selected by the robot – which they described as a highly sophisticated computer trading program that was the product of extensive research and development. Their claims were persuasive as the Hunters received at least $1.2 million from investors primarily in the U.S. who paid $47 apiece for annual newsletter subscriptions. Some investors paid an additional fee for the “home version” of the robot software.
In reality, the SEC alleges that the Hunters used a third website to offer their services as stock promoters, claiming that they could “rocket” a stock’s price and increase its volume by sending out newsletters. The Hunters were consequently paid at least $1.865 million in fees from known or suspected stock promoters, and they did not disclose to their newsletter followers the conflicting relationship between their two businesses.
“The Hunters used the anonymity of the Internet and the promise of easy riches to prey on investors,” said Thomas A. Sporkin, Chief of the SEC’s Office of Market Intelligence. “While touting their supposed breakthrough investment technology on two websites, the Hunters were racking up fees as stock promoters through a third.”
According to the SEC’s complaint filed in U.S. District Court for the Southern District of New York, the Hunters created websites Doublingstocks.com and Daytradingrobot.com to falsely tout that a former trading algorithm programmer from a large investment bank had designed a stock picking robot that they named “ Marl.” The robot could purportedly analyze the over-the-counter securities markets and identify penny stocks that were set to experience large price increases. The brothers offered investors paid subscriptions to their e-mail newsletter that would contain the robot’s latest stock pick.
The SEC alleges that the brothers separately created the website Equitypromoter.com where they marketed their newsletter subscriber list to penny stock promoters and boasted, “One email to this list of people rockets a stock price.” The Hunters were in turn paid to send selected penny stock ticker symbols to their subscribers, who were misled to believe that the stock “picks” were the product of the robot. The Hunters sent out their newsletters near the beginning of the trading day, and the price and volume of the promoted stocks spiked dramatically as newsletter subscribers rushed to purchase shares. However, the stocks typically fell precipitously shortly thereafter, leaving investors with shares worth less than they had purchased them for earlier in the day.
According to the SEC’s complaint, the Hunters also offered subscribers a downloadable version of the stock picking robot for an additional fee of $97. Rather than performing the analysis advertised, the software was actually designed to just deliver users a stock pick supplied by the brothers. In soliciting bids in 2007 from free-lance coders to create the software, Alexander Hunter wrote that the software should “not actually find stocks at all. It should connect to my database and simply request any new stocks I have put in.” He bluntly explained that the software “is almost a ‘fake’ piece of software and needs to simply appear advanced to the user.” Like the newsletter, the home version of the stock picking robot was no more than a fraudulent delivery vehicle for stock symbols that the Hunters had been compensated to promote.
The SEC’s complaint charges the Hunters with violating the anti-fraud provisions of the U.S. securities laws, namely Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The SEC is seeking permanent injunctions, disgorgement of all ill-gotten gains with prejudgment interest, and financial penalties.
The SEC’s investigation was conducted by Adam M. Schoeberlein. The SEC’s litigation will be led by Robert I. Dodge.
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http://www.sec.gov/news/press/2012/2012-72.htm
Comments »Gay Porn Interrupts Canadian Local TV Newscast
Time to Cut Back on Apple?
By BEN LEVISOHN And JOE LIGHT
How do you like them apples?
Investors got a scare on Monday when Apple, AAPL -2.46% among the best-performing stocks of 2012, tumbled 4.2%, capping a five-day stretch during which it lost 8.8%. The stock continued its slide later in the week, finishing Friday down 10% from its all-time high.
Read the rest here.
Comments »American Professors Gather in Tehran for Occupy Wall Street Conference
An alarming news report from Iran’s Press TV, a propoganda arm of the Iranian government, showing American professors gathering in Tehran to discuss the Occupy Wall Street Movement:
Read the rest here.
Comments »WATCH LMAO: President Obama: “Dog Eater,” the Music Video
Beautiful Souls
Power Of Disincentives: IMF Raise Means EU Can Hold Less Reserves?
Martin Wolf just said something that should terrify anyone who believes the EU crisis can be navigated without default.
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Comments »The other news is Wolf expects IMF chief Christine Lagarde will get her request for at least $400 billion, which would double the fund’s lending capacity.
Wolf supports the idea of the IMF having a larger insurance fund, so countries won’t need to hold as much currency reserves but thinks it should be more global in nature.
“To put it all into Europe? That looks to me like a very dangerous game for the IMF,” he says. “They’ve made quite clearly some serious mistakes getting so involved in a political project they don’t really control.”
Detroit Nullifies 48 Union Contracts, Mayor Takes Heat
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Comments »In the end, Detroit Mayor Dave Bing said, he didn’t really have a choice. He had to sign off on a consent agreement with the state or the city would have fallen under the control of an emergency manager.
“It was either sign the agreement or bring in an emergency manager — those were my options,” Bing said. “So with that as my option I had no choice but to sign the agreement.”
Today is the first time Bing has spoken at length about the agreement that was approved April 4. The mayor spoke with reporters this morning via speakerphone. Bing has been at home recuperating from a March 24 colon surgery and blood clots in his lungs.
In his absence members of Bing’s administration negotiated with state officials and crafted a consent agreement that offered the city no short-term bailout cash and demanded that the city rip up tentative agreements with its 48 labor unions. Bing said he is disappointed, especially about the union contracts, and will work to mend fences with labor leaders.
“That’s a personal relationship and I’ll have to get back involved in that,” he said. “I think they’re intelligent and basically good people. We’re going to have to sit down and once again see what we can agree upon…I was very appreciative of the relationship we have established with labor, and labor is still going to play a key role in bringing this city back.”
Under the consent agreement, if new labor contracts are not approved by July 15 the city can impose terms.
Bing said he hold no animosity toward Gov. Rick Snyder or State Treasurer Andy Dillon, because “my approach was and is, try to do what’s right for the citizens of Detroit.”
“It’s about looking forward, not about looking back,” he said.
Happy Birthday, Hitler
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Comments »Today, Friday, April 20 is Adolph Hitler’s birthday.
Incredibly, sixty-two years after his suicide, Hitler’s image still seems to be popping up everywhere. One would think that the legacy left by the man who personified ultimate evil would serve as an antidote to hate and extremism. A good thing, right? Not always.
Here in America, character assassination—not of Hitler—but of contemporary figures abound. Attacks from both political extremes often equate America’s top leaders from President George W. Bush to President Barack Obama—with the worst world leader of all time.
Meanwhile in Germany, this April 20th still finds neo-Nazi thugs and three-piece suit bigots still drawing inspiration from the Fuehrer.
Now from China comes an incredible attack on the Dalai Lama—the Fuehrer’s antithesis—as a “new” Hitler. A commentary on China Tibet Online, also carried by the official Xinhua News Agency, accused the exiled Tibetan leader and Nobel Peace Prize winner of “Nazi” racial policies including encouraging Tibetans to segregate themselves and planning a Holocaust against Han Chinese. This from a regime whose treatment of Tibetans, it could be argued sometimes bears a resemblance to the Nazi treatment of Poles.
Elsewhere in Asia, trendy invocations of Hitler in countries with virtually no Jews are even harder to account for. “Hitler chic” manifests itself in fashion, music, advertising campaigns, and even school competitions:
In Thailand—a Buddhist country of 64 million with less than 1,000 Jews—there was a disgraceful parade at the exclusive Catholic Sacred Heart Preparatory School in Chiang Mai led by students who gave the “Sieg Heil” salute carrying Nazi flags. Gun-toting adults proudly accompanied their children.
In Japan, the popular rock group Kishidan appeared on MTV Japan wearing SS-like uniforms. To its credit, Sony responded to criticism with a press release: “We will not broadcast, transmit, or distribute the video recording of Kishidan’s performance with the said costume and the recording will be disposed of immediately.”
Of course, there was no explanation from Kishidan as to why the garb of genociders was chosen in the first place.
In South Korea, where Hitler-themed sports bars remain popular, an advertising firm produced an ad campaign with a Nazi soldier and Hitler symbolizing the “revolutionary” moisturizing and calming effects of a skin lotion.
In India, where, of course the swastika had a religious significance long before the Nazis perversely appropriated it, there was the “Hitler Crossing Café” in Mumbai and a publisher who has a smash best-seller marketing “Mein Kampf” to grad students and aspiring business leaders as a prime example of an highly-organized mind.
Closer to the epicenter of Mideast fault lines, in Turkey, the chief rabbi of that country’s beleaguered 500 year-old Jewish community, protested a television commercial for Biomen’s “100 percent male shampoo” showing Hitler shouting in a dubbed-over Turkish voice: “If you are not wearing women’s dress, you shouldn’t be using women’s shampoo either!” At a time when Turkey’s president anti-Israel rants continue unabated it took international protests to finally force the Biomen Hitler campaign from the airwaves.
Search Google and you will be overwhelmed with new titles every year containing the word “Hitler,” including those about “the young Hitler” that flirt with sympathy for that “troubled teenager.”
Nazi-themed art is also hot. Just a few years ago, artist Tom Sachs produced for the New York Jewish Museum’s Mirroring Evil exhibition his “Giftgas Giftset” exhibit consisting of simulated poison gas canisters bearing names and logos like Chanel.
Sachs explained: “I use the iconography of the Holocaust to bring attention to fashion… Fashion is good when it helps you to look sexy but it’s bad when it makes you feel stupid or fat because you don’t have a Gucci dog bowl and your best friend has one.”
Historian Peter Novick justified such trendy art as a necessary iconoclastic corrective to conventional moral revulsion at the Holocaust: “There are more important lessons about how easily we become victimizers to be drawn from the normal behavior of normal Americans in normal times than from the SS in wartime.”
Do critics like Novick mean that the sins of Middletown, USA, have more to teach us about murderous evil than the esprit de corps of the Storm Troopers—or the videocam that Toulouse’s serial killer Mohamed Merah wore around his neck?
Leaders of our Global Village may argue that they already have too much on their plate; that Job Number 1 is to focus on the Herculean task of regaining economic momentum. But history teaches us again and again that societies rushing headlong into the future—willfully oblivious to the past—are destined for disaster.
A generation after Auschwitz, Hitler’s aura still looms large. The only stave that can finally slay Hitler’s ghost is educating the conscience of future generations. We can either confront evil or watch our grandchildren march to its totalitarian hymns.
Arlen Specter: Obama-Bush Stimulus Saved Economy
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Comments »The country may be focused on the presidential election but former Senator Arlen Specter says Congress is the key to what happens to the U.S. economy.
“Regardless of who is elected president, if Congress is gridlocked nothing will happen in Washington,” Specter tells The Daily Ticker. And there are many issues that require Congressional attention, including the expiration of the Bush tax cuts and the $1.2 trillion in automatic spending reductions that will all take effect by year end if Congress does nothing.
Specter spent 30 years in Washington as a senator from Pennsylvania, most of them as a Republican. But after he voted for the president’s stimulus plan in 2009 — “the single most important vote of 10,000” he notes — Specter switched to the Democratic Party, setting the stage for the end of his political career. He recounts it all in his new book Life Among The Cannibals.
Specter hasn’t endorsed a candidate for the presidential election. He’s critical of Mitt Romney’s constant position shifts and says the former Massachusetts governor doesn’t have a plan to revive the economy. But Specter says President Obama hasn’t had much success with the economy either and should explain why he didn’t follow through on recommendations from the Simpson-Bowles commission to cut the deficit.Unlike Romney, Specter supports the stimulus plans of Presidents Obama and Bush which together injected about $1.5 trillion into the economy. Those programs “saved us from a depression” says Specter. Now he says it’s up to U.S. voters to do their job come election day by choosing a Congress that will “take care of the people’s business.”
This Guy Thinks Economic Slump Taught Americans Value Of Saving
AHAHAHAHAHAhHAHA
Uh, read here:
Comments »Households in the U.S. may remain intent on repairing tattered finances by rebuilding savings for years to come as the specter of job losses and meltdown in stocks triggered by the recession lingers.
Americans are putting money away at a pace more than double that leading up to the economic slump. The saving rate has averaged 4.8 percent since June 2009, when the 18-month contraction ended, compared with 2.2 percent in the three years leading up the downturn.
“Households are going to be mired in this deleveraging environment for a few more years,” Ellen Zentner, a senior U.S. economist at Nomura Securities International Inc. in New York, said in a telephone interview. “That’s not atypical following a financial crisis.”
Almost three years into the recovery, the world’s largest economy has yet to regain even half the 8.8 million jobs lost and $16.4 trillion in household net worth washed away as a result of the worst recession since the 1930s. While the saving rate has dropped recently, longer term the need to boost cash reserves and pay down debt may eclipse the urge to be the first on the block to drive the newest model car.
Auto Demand
Pent-up demand for automobiles helped propel a 0.8 percent gain in consumer spending in February, the biggest in seven months, according to Commerce Department data. The pickup carried over into March as figures this week showed retail sales also advanced 0.8 percent, reflecting stepped-UNNp purchases of furniture, clothes and electronics.Stronger earnings, reflecting in part the recent pickup in sales, are boosting share prices. The Standard & Poor’s 500 Index climbed 0.4 percent to 1,382.32 at 10:03 a.m. in New York. General Electric Co. (GE), Microsoft Corp. (MSFT) and Schlumberger Ltd. reported profits that topped analysts’ estimates.
Shares were also boosted by better economic news elsewhere. A report showed German business confidence unexpectedly increased in April for a sixth month,
Arlen Specter: Extremists Run Washington
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Arlen Specter, the fiery former senator from Pennsylvania, has returned to the spotlight, haranguing his Beltway colleagues and giving an unvarnished view of Congress in his new book, “Life Among The Cannibals.” Specter was elected to the Senate in 1980 as a moderate Republican but switched parties in 2009 because “as the Republican party has moved farther and farther to the right, I have found myself increasingly at odds with the Republican philosophy and more in line with the philosophy of the Democratic Party,” Specter said at the time. Specter ultimately lost his seat to two-term Republican Congressman Joe Sestak in the 2010 midterm election, ending the storied career of one of the Senate’s most well-known and influential figures.
In a no-holds-barred interview with The Daily Ticker, Specter shares his views on Congress, Citizens United, the Tea Party and more.
On the current state of Congress:
America is not being governed, Specter says. Extremist members in the Republican and Democratic parties are controlling the parties, causing the gridlock that threatens to shut down the government, he notes. As a result, lawmakers are afraid to buck party lines in fear that they will be booted out of office. Specter points to longtime Connecticut Senator Joe Lieberman, who forced to run as an Independent after liberal Democrats voted against him in the state’s 2006 primary and Bob Bennett, the former Republican Senator from Utah, who was defeated in 2010 by an aggressive campaign led by the Tea Party despite being well-liked and having a fairly conservative record in Congress. Olympia Snowe, the moderate Republican senator from Maine, recently announced she was retiring from the Senate because of the increasingly partisanship environment in Washington. The Tea Party, Specter says, intends to drive out all moderates in Congress including sitting senators Dick Luger of Indiana and Orrin Hatch of Utah.
“There’s not a single moderate left in the Republican Congress,” Specter argues. “The art of politics is the art of the possible — it is accommodation. You have a very complex society with many divergent rules. Today, compromise is a dirty word in Congress. The extremists have laid down the gauntlet and they’re tougher than hell.”
On the Supreme Court:
Citizens United “was a horrendous decision,” Specter says. “The court has gone too far …it’s really out of control. It disregarded a 100-year-old precedent.”
Specter, a fervent supporter of healthcare reform, says President Obama’s Affordable Care Act is “constitutional and a legitimate exercise of congressional authority.”
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Comments »Vikram Pandit, Citi Board Sued By Shareholder For Compensation Abuse
Comments »REUTERS – Days after being rebuked by shareholders, Citigroup Inc (C.N) Chief Executive Vikram Pandit and the bank’s directors have been sued by a shareholder accusing them of awarding outsized pay to top executives.
The complaint, filed Thursday in Manhattan federal court, said directors breached their fiduciary duties by awarding more than $54 million of compensation in 2011 to the executives, including $15 million to Pandit, though the bank’s performance did not necessarily justify it.
At Citigroup’s annual meeting on Tuesday, about 55 percent of shareholders participating in an advisory vote rejected Pandit’s pay package. That marked the first time that investors had rejected a compensation plan at a major U.S. bank.
That vote “has cast doubt on the board’s decision-making process, as well as the accuracy and truthfulness of its public statements,” said the complaint, brought by shareholder Stanley Moskal. “Absent this (lawsuit), the majority will of the company’s stockholders shall be rendered meaningless.”
Citigroup spokeswoman Shannon Bell said the lawsuit is without merit and that the bank will seek its dismissal, “consistent with court rulings in similar cases.”
“The board takes the shareholder vote on executive compensation very seriously and will consult with representative shareholders to better understand their concerns,” she added.
Shareholders won the right to vote on executive pay at most public companies under the 2010 Dodd-Frank Act. Many analysts remained skeptical the “say on pay” votes would matter much.
Richard Parsons, a Citigroup director retiring as chairman of the New York-based bank, called the rejection of Pandit’s pay package a “serious matter” that the board would address.
Pandit was paid a symbolic $1 in 2010 and $128,741 in 2009. He had joined Citigroup in 2007 when the bank bought his hedge fund Old Lane Partners for $800 million. Citigroup is the nation’s third-largest bank by assets.
Reminder: Gold’s Not Just A Rock In Utah
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Comments »We’re just a few days away from the third Federal Open Market Committee meeting of the year, and the air is thick with speculation about QE3, the U.S. economy and our money.
As has been the case for some time, you would be hard-pressed to find a Fed watcher who’s calling for any real drama next week. In short, don’t expect a rate increase or clear pronouncements about future monetary injections. Do expect substantial parsing of every grammatical tweak in the central bank’s statement and ongoing talk about whether the dollar is living on borrowed time.
In all seriousness, the Fed and its actions over the past few years have been no small matter. That holds whether you view Chairman Ben Bernanke and his colleagues as saviors of the American economy, in which case you’ve supported moves aimed at bolstering the money supply, or whether you view them as destroyers of the American economy, in which case you’ve viewed their decisions as setting us on a course toward inevitable and out-of-control inflation.
Those worries about the Fed, the dollar, the U.S. and the future in general have played no tiny part in lifting investor interest in precious metals. You don’t have to be a commodities trader to know that gold and silver have been very good performers in recent years. Start with silver. Even after the decline from last year’s trip to near $50 an ounce, if you’ve owned the metal for around two years you’ve almost doubled your money. As of now, it’s about $32. Gold is off a couple hundred dollars from it’s high near $1,900 an ounce a few months ago, but it still has had an outstanding run. In the last two years you’re up about $500 and over five years by roughly $1,000.
Supporters of physical metals as legitimate currencies like to view themselves as practical. Detractors like to mock them as helmet-wearing cave dwellers. But we’re getting to the point where the dollar’s fate, as well as that of the metals, isn’t simply an academic exercise. See Utah, where Gov. Gary Herbert recently signed legislation liberalizing the use of gold and silver as currencies. When you’re talking about metals as legal tender in one of the lower 48, that’s saying something about the times in which we live.
And Utah’s not alone, potentially. CNNMoney noted a couple of months ago that more than a dozen states have lawmakers in office who are at least exploring options to the dollar. On the federal level, long-serving U.S. Rep. Ron Paul, who, yes, is still seeking the GOP nomination for president and whose image made an appearance on a silver coin a few years ago, has been one of the nation’s most visible proponents of dollar alternatives for years.
So is Utah the start of a trend? We can’t say that for sure yet, but the issue isn’t going away. Of course, neither is the Fed, and neither is the debate.
Documentary: Iraq For Sale
This is your God
Disguised as
I have said before that it is one thing to make a mistake, but it is entirely another to ignore that mistake.
It does not matter if your left, right, religious, atheist, young or old; you must diffuse your lines of separation and stand up against the common threat both foreign and domestic.
[youtube://http://www.youtube.com/watch?v=B1T8xgHdMEM 450 300]Comments »
