Historical happenings

3/16/1913 ~ The 15,000-ton battleship Pennsylvania is launched at Newport News, VA.

3/16/1926 ~ Physicist Robert H. Goddard launches the first liquid-fuel rocket.

3/16/1964 ~ President Lyndon B. Johnson submits a $1 billion war-on-poverty program to Congress.


Because change admits we’re wrong…

… and the Eco-Nazi Left never admits that.

Rep. Peter Welch admits government’s ‘well-intentioned flop’ on ethanol

Vermont Democratic Congressman Peter Welch has been an advocate of doing away with ethanol subsidies for a while. As the program’s serious failures mount, Welch is gaining some allies, and there is actually a possibility that the subsidies will be phased out. Here’s what he recently had to say on the subject:

We’ve now had more than a decade of experience with [ethanol subsidies], and it had the best of intentions. But it has turned out to be a well-intended flop.

It actually doesn’t cut down on greenhouse gas emissions, it expands them. It’s had a significant impact on overplanting in fragile areas of the corn belt. It has had significant impacts on small engines. And it’s also had a significant impact on feed prices … and there is a lot of evidence it has increased the cost of food. (Source: Red State)

What a refreshing admission from a politician. Our meddling actually made matters worse in pretty much every respect, and we should just stop.

Now, if only Welch and his colleagues would come to similar revelations regarding their actions in, say, healthcare reform, where government intervention (very well intentioned) has led to higher insurance costs, longer wait times to access care and an opioid crisis. Or in regard to their “help” with access to higher education, which has caused the price of a college degree to explode while the value of those degrees, in many cases, has declined. Or government’s approach to welfare, which has destroyed the black family in America and is now corroding other demographic groups.

The list is almost endless. But ethanol policy is a start.

Rob Roper is president of the Ethan Allen Institute.

Getting any change in this policy will require a massive movement in the electorate. The farm lobby will raise money, donate to non farm candidates to insure votes outside the farm belt keeping ethanol in the gas tanks of American cars. It has nothing to do with cleaner air, better fuel economy or less damage to machinery. It has only to do with money in someone’s pocket.

Look for Archer Daniels Midland to lead and other members of the consortia to follow such as Union Pacific RR ( Big AG) and Monsanto. Then we shall find out who in the MSM own large blocks of Big AG and blow off the downside of ethanol.

Historical happenings

3/14/1900 ~ The United States currency goes on the gold standard.

3/14/1947 ~ The United States signs a 99-year lease on naval bases in the Philippines.

3/14/1964 ~ A Dallas jury finds Jack Ruby guilty of the murder of alleged assassin Lee Harvey Oswald.


Ponder this

It is no longer an unwritten law of American capitalism that industry will attempt to maintain wages at a level that allows a single wage to support a family.

~ Christopher Lasch


Biased Agendas

Perhaps some of you can remember back to the Good Ole Jimmuh Carter days where interest rates on a used car started at 11.5% and up and Oh, just try to buy a house. Jimmuh liked Socialism, thought it was good for the little people. That’s mere “peanuts” compared to what the Bamster bunghole had in store for you.

This is NOT a mere ‘coincidence’… from Rico

Who was President of the US from 2009-2016?
– No, I am not referring to the fake Social Security number he used, the fake Birth Certificate he produced, or even the fake name and persona…I refer to the sudden ‘explosion’ of the US money supply. Look at the attached chart. We can talk about the doubling of the national debt during the same period another time, but be assured that neither one was a mere ‘coincidence’ it was an intentional effort to smash America financially.

Doubt me? Consider Weimar, Argentina, Zimbabwe and Venezuela.
– How many of those people wished they had Gold instead of fiat currency?

It’s too late for you when you have both too many and not enough paper fiat notes at the same time.


Big Spenders

Well it’s off to the races one time more, once more. Twixt Trump’s tariff announcement and the uproar from the EU and our Congress, the markets are back on their Pogo stick.

It is 10:55 and the DOW is down 99± after having a pre-market future of -300±. Bet on Lettuce to come in a head and tomato to ketchup.
As for the metals, gold was up 13± USD and silver up 48¢/oz.
Today, not so much.

[Most Recent Quotes from www.kitco.com]

What do we think about the tariffs?

Screw the politicians. Bet on human nature.
The Pols say they’ll tax US exports such as motorcycles, Wrangler jeans, bourbon and who knows what else. The Europeans are far more adept at protesting and getting what they want than we are. They want American jeans without the higher price, they’ll get them. They’ll travel to buy what they want. (There it is like going from Vermont to New Hampshire to avoid the sales tax) The EU isn’t that strong.

Trump also will use the tariffs as a club to get what he wants, then drop them for his true bargaining position. Our politicians are far too wimpy to withstand that type of negotiations, especially the GOP.


Historical happenings

3/4/1789 ~ The first Congress of the United States meets in New York and declares that the Constitution is in effect.

3/4/1791 ~ Vermont is admitted as the 14th state. It is the first addition to the original 13 colonies.

3/4/1908 ~ The New York board of education bans the act of whipping students in school.