Barack Obama

Specter Of 1994 Looms Over Democrats In Renewed Push For Gun ‘Control’

Speaking of Barack Obama and gun “control” this morning, I hear the Democrats are doubling-down on the issue months before the crucial November mid-term elections. Ned Resnikoff reported on the MSNBC website last Thursday:

Gun control, long a dormant issue in American politics, surged to the forefront of the Democratic agenda following December 2012’s massacre at Sandy Hook Elementary School in Newtown, Connecticut. Yet in the following months, as bill after bill failed to pass through Congress, the renewed push for gun control once again subsided – until now.

One hundred sixty-three House Democrats – over 80% of the entire caucus – signed onto an open letter Thursday addressed to Republican House Speaker John Boehner demanding that he allow “a vote on substantive legislation to address gun violence.” The timing of the letter suggests that Democrats are prepared to make gun control in an issue in the 2014 midterm elections…

“The timing of the letter suggests that Democrats are prepared to make gun control in an issue in the 2014 midterm elections”

Just like they did in the lead up to the 1994 mid-term contests?

I’ve suggested it before on this blog- history could “rhyme” again soon for the Democrats.

On September 13, 1994, Congress passed the Violent Crime Control and Law Enforcement Act, which included a 10-year ban on so-called “assault weapons.” U.S. President Bill Clinton signed the legislation into law the same day.

In the months that followed, Democrats were being swept out of office left and right during the “Republican Revolution.”

Now, some doubt the impact of the gun “control” push on this turnover. Here’s what the former president had to say about that period of his administration in his 2005 autobiography My Life:

Ironically, I had hurt the Democrats by both my victories and my defeats. The loss of healthcare and the passage of NAFTA demoralized many of our base voters and depressed our turnout. The victories on the economic plan with its tax increases on high-income Americans, the Brady bill, and the assault weapons ban inflamed the Republican base voters and increased their turnout. The turnout differential alone probably accounted for half of our losses, and contributed to a Republican gain of eleven governorships

(Editor’s note: Bold added for emphasis)

This, from the man himself.

As I pointed out in that 2013 post and an earlier September 2012 piece about the Democratic Party’s adopted National Platform, the Democrats own gun “control.”

And evidently, they’re trying to remind the American people of that fact in the months leading up to November.

Political hara-kiri all over again?

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Resnikoff, Ned. “Democratic House members demand gun control vote.” MSNBC.com. 26 June 2014. (http://www.msnbc.com/msnbc/democratic-house-members-demand-gun-control-vote). 30 June 2014.

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Quote For The Week

“This is the only advanced country that tolerates something like this. We have, what’s basically a mass shooting, it seems like happening once every couple of weeks: kids on college campuses, kids at home. And we’re not going to be able to eliminate all of that violence, and there’s a strong tradition of gun ownership, wonderful folks who are sportsmen and hunters, and I respect all that. But we should be able to take some basic, common sense steps that are, by the way, supported by most responsible gun owners. Like having background checks so you can’t just walk into a store and buy a semi-automatic…”

-U.S. President Barack Obama, speaking at a June 26 “town hall” meeting in Minneapolis, Minnesota

“Like having background checks so you can’t just walk into a store and buy a semi-automatic”

Since 1993, every retail firearm purchase- semi-automatic or otherwise- has required a background check by the Federal Bureau of Investigation via the National Instant Criminal Background Check System, or NICS.

So basically, no one has been able to “just walk into a store and buy a semi-automatic” in over two decades.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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2.9 Percent GDP Contraction Casts Doubt On Sustainability Of Economic ‘Recovery’

Remember that U.S. GDP “hiccup” from the first quarter?

It’s been revised. And let me just tell you, barf-o-rama baby. Barf-o-rama.

From a Reuters piece on the CNBC website earlier today:

The U.S. economy contracted at a much steeper pace than previously estimated in the first quarter, but there are indications that growth has since rebounded strongly.

The Commerce Department said on Wednesday gross domestic product fell at a 2.9 percent annual rate, the economy’s worst performance in five years, instead of the 1.0 percent pace it had reported last month.

While the economy’s woes have been largely blamed on an unusually cold winter, the magnitude of the revisions suggest other factors at play beyond the weather

(Editor’s note: Bold added for emphasis)

Wow, did I just read that last part right? Usually the MSM plays along with that oft-used weather excuse as bad government economic reports are concerned.

The general feeling I’m getting tonight from mainstream media outlets is one of “don’t worry, be happy.” Of course, damage control is in overdrive. Jeffry Bartash reported on the MarketWatch website:

The revised GDP report briefly stunned Wall Street and clearly unsettled the White House. President Obama’s chief economic adviser, Jason Furman, cast doubt on the report and argued the economy is much stronger than the first-quarter contraction implied.

Investors, for their part, shrugged off the backward-looking report. The economy appears to have rebounded in the second quarter and economists polled by MarketWatch predict growth will turn positive again, with a 3.8% increase…

(Editor’s note: Bold added for emphasis)

3.8 percent increase in GDP in the second quarter? After revisions? It will be interesting to see if they’re right.

Personally, I feel that abysmal first quarter GDP report is a worrisome sign the sustained economic “recovery” we keep being told about is getting long in the tooth.

“Taper” to go full reverse soon, like “crash prophet” Peter Schiff has been predicting?

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

“Bad to worse: US economy shrank more than expected in Q1.” Reuters. 25 June 2014. (http://www.cnbc.com/id/101787838). 25 June 2014.

Bartash, Jeffry. “Economy’s stumble in first quarter historic.” MarketWatch. 25 June 2014. (http://www.marketwatch.com/story/us-growth-contracted-29-in-first-quarter-2014-06-25). 25 June 2014.

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Quote For The Week

“Are we witnessing right now the most radically, extremely liberal, ideological president of our entire lifetime right here in the United States of America, or are we witnessing the most incompetent president of the United States of America in the history of our lifetimes? You know, it is a difficult question. I’ve thought long and hard about it. Here’s the only answer I’ve come up with, and I’m going to quote Secretary Clinton: ‘What difference does it make?’”

-Louisiana Governor Bobby Jindal, speaking at the Faith and Freedom Coalition’s annual conference yesterday

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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U.S. Senator Michelle Obama (D-IL)?

“SUPER WIN FOR CHICAGO AND AMERICA!”

-Comment on website of Chicago NBC affiliate Channel 5 tonight regarding speculation surrounding a U.S. Senate run by First Lady Michelle Obama

Could First Lady Michelle Obama be our next United States Senator here in Illinois?

I spotted the following on The Great Debate blog on Reuters.com earlier this evening. Keith Koffler wrote last night:

Speculation about a possible political future for Michelle Obama has naturally centered on the White House. But that’s the wrong place — at least for now.

Illinois has a Republican senator, Mark Kirk, and he is up for reelection in 2016. He’ll be formidable, particularly given his brave recovery from a stroke. But Illinois is a heavily Democratic state, and the race could be close.

No Illinois Democratic candidate would bring the star power and nationwide fundraising capacity that Obama would.

She has proven herself a superb speaker on behalf of her pet projects and is now a veteran campaigner for her husband. She’s also remained highly popular — even as the president’s ratings have plummeted.

She could represent the Democrats’ best chance to pick up a desperately needed — and winnable — seat. A December 2012 Public Policy Polling survey put her ahead of Kirk, 51 percent to 40 percent. Democratic leaders’ pressure on her to run might get intense…

Personally, I believe that if Mrs. Obama runs for Senator Kirk’s seat, she might just win it.

Nothing against Kirk. But Koffler isn’t kidding when says the “Land of Lincoln” is a heavily Democratic state. A super-majority in both the Illinois House and Senate attests to that. And there’s always “The Machine,” which is still in good working order in Chicago.

That’s not the say the city or state is, though.

I previously thought the Obamas would bid farewell to the “Windy City” after POTUS leaves the Oval Office. But if Michelle decides a Senate seat is something she wants, then it could be several more years still…

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Koffler, Keith. “Is Michelle running for the Senate?” The Great Debate. 4 Jun. 2014. (http://blogs.reuters.com/great-debate/2014/06/05/is-michelle-running-for-the-senate/). 5 Jun. 2014.

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Thursday, June 5th, 2014 Government, Political Parties 2 Comments

Eric Holder: Domestic Terrorism Executive Committee Created To Combat ‘Homegrown’ Terrorists

Occasionally when I hear/see the word “Committee” used in reference to an ad hoc, high-level governmental entity, my thoughts drift to another time and place I’ve read about in the history books.

1793 France. And the Comité De Salut Public (Committee of Public Safety)

From the Encyclopaedia Brtiannica website:

The Committee of Public Safety was set up on April 6, 1793, during one of the crises of the Revolution, when France was beset by foreign and civil war. The new committee was to provide for the defense of the nation against its enemies, foreign and domestic…

I heard this morning that a mothballed committee at the federal level has just been resurrected. Timothy Phelps reported on the Los Angeles Times website yesterday morning:

Atty. Gen. Eric H. Holder, Jr. on Monday announced the creation of a task force within the Justice Department to combat an “escalating danger” from “homegrown” terrorists within the United States.

The task force will chiefly comprise leaders from the FBI, the Justice Department’s National Security Division and U.S. Attorneys. Called the Domestic Terrorism Executive Committee, it is a recreation of a task force formed by former Atty. Gen. Janet Reno after the 1995 Oklahoma City bombing. The task force fell into disuse after 9/11.

Though the original task force, which was little known, focused mainly on right-wing zealots, Holder’s version is aimed at U.S. citizens or visitors radicalized via the Internet

(Editor’s note: Bold added for emphasis)

While I don’t dispute the threat posed by “homegrown” terrorists to public safety and the need for the federal government to keep on top of this matter, I also fear the Domestic Terrorism Executive Committee could eventually go the way of the Committee of Public Safety, which under Maximilien François Marie Isidore Robespierre spearheaded the ensuing Reign of Terror in France.

Already there’s chatter across the Internet of DTEC being used against the “enemies” of the Obama administration.

Mikael Thalen wrote on Infowars.com earlier today:

In reality, Holder’s task force will undoubtedly focus on the Obama administration’s political enemies, mainly returning military veterans, conservatives and those who identify with the Tea Party. Such groups have been increasingly linked to terrorism by multiple federal agencies…

Undoubtedly? Let’s hope the targeting of political “enemies” isn’t the real intention behind resurrecting and giving life to DTEC.

All I know is this. If that Nevada rancher- Cliven Bundy- and others like him get designated “homegrown terrorists” in the coming days/weeks/months, I’ll get suspicious as to the real motives of the Domestic Terrorism Executive Committee.

In the meantime, I’ll give the Committee the benefit of the doubt regarding their stated mission.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

Phelps, Timothy M. “Holder announces task force on ‘homegrown’ terrorists.” Los Angeles Times. 2 Jun. 2014. (http://www.latimes.com/la-na-nn-holder-terrorism-task-force-20140601-story.html). 3 Jun. 2014.

Thalen, Mikael. “ Holder to Create ‘Homegrown’ Terrorism Task Force.” Infowars. 3 Jun. 2014. (http://www.infowars.com/holder-to-create-homegrown-terrorism-task-force/). 3 Jun. 2014.

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Al-Qaeda Poised To Strike U.S.?

“Thanks to the service and sacrifice of our brave men and women in uniform, the war in Iraq is over. The war in Afghanistan is winding down. Al-Qaeda has been decimated…”

-U.S. President Barack Obama, while campaigning in Green Bay, Wisconsin, on November 1, 2012

Not only is Al-Qaeda alive and well according to some former Pentagon officials and counter-terrorism analysts who just appeared before Congress, but there’s even chatter of the Muslim extremists possibly striking the “homeland” not too far off in the distance. Barbara Starr, CNN’s Pentagon Correspondent, reported on the TV news station’s website Wednesday:

A series of al Qaeda-based threats to attack American and Western targets in Europe, as well as threats to launch attacks inside the United States, has caused significant concern inside the U.S. intelligence community, CNN has learned…

U.S. officials as well as analysts have long said they believe al Qaeda is focused on attacking outside the United States because of the difficulty in penetrating U.S. homeland security. But these latest threat streams suggest domestic U.S. targets also continue to be looked at by al Qaeda.

Worry No. 1: Al Qaeda in the Arabian Peninsula

One of the biggest concerns right now remains efforts by Yemen-based al Qaeda in the Arabian Peninsula to attack inside Yemen, in Europe and inside the United States

While it’s believed AQAP is mainly focused on targeting inside of Yemen, officials say an attempt to attack inside the United States or to recruit others to carry out such an attack cannot be ruled out.

Worry No. 2: Core group in Pakistan

Separately, still another official confirms to CNN that the core al Qaeda group in Pakistan is also seeking to place operatives in places to attack U.S. targets overseas and domestically

(Editor’s note: Bold added for emphasis)

On the topic of “core” Al-Qaeda, Rob Crilly reported on the website of The Telegraph (UK) Wednesday:

Al-Qaeda is not a spent force in Afghanistan and is using a shadow army to hide its true strength, according to testimony presented by former Pentagon officials and counter-terrorism analysts to a US Congressional committee.

Thomas Joscelyn, a senior fellow at the Foundation for Defence of Democracies, said Osama bin Laden’s heirs had successfully hidden their strength as they spread their influence throughout the Middle East.

As a result, Afghanistan risks becoming a terrorist haven once again when Nato-led combat troops leave the country this year.

His evidence contradicts repeated claims that the movement had been “decimated” – particularly in Afghanistan – and Barack Obama’s public assessment earlier this year that its current leaders were junior varsity basketball players dressed up as superstars of the NBA after replacing senior commanders killed in drone strikes or other actions.

“Part of the reason these assessments have been flawed is that al-Qaeda has a ‘deep bench’ to draw from, both from within its own organisation and allied groups,” said Mr Joscelyn, pointing out the secrecy of the movement’s structure and personnel.

“Al-Qaeda is constantly in the process of recruiting new talent as well.”

Other witnesses gave similar evidence to the House of Representatives subcommittee on Terrorism, Nonproliferation and Trade on Tuesday.

David Sedney, former deputy assistant defence secretary, said focusing on the core al-Qaeda leadership missed the bigger strategic picture, which showed the group as decentralised.

“My view is that al-Qaeda, despite our tactical counter-terrorism successes, continues to be a major strategic threat to the United States and its allies,” he said. “Tomorrow, al-Qaeda will be an even greater threat because of its ongoing evolutions.”

(Editor’s note: Bold added for emphasis)

One of these days, I’m convinced Al-Qaeda, an affiliate, or sympathizer(s) is going to launch another attack inside the United States.

It would be a real shame if the U.S. counter-terrorism apparatus underestimates the threat posed by present-day Al-Qaeda.

To think of this jihadist movement as “decimated” may be committing a huge strategic blunder that could come back to haunt America down the road.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

Starr, Barbara. “Stream of al Qaeda threats has U.S. intelligence concerned.” CNN.com. 21 May 2014. (http://www.cnn.com/2014/05/20/us/al-qaeda-threats-intelligence/). 23 May 2014.

Crilly, Rob. “Al-Qaeda ‘not defeated’ in Afghanistan.” The Telegraph. 21 May 2014. (http://www.telegraph.co.uk/news/worldnews/al-qaeda/10846151/Al-Qaeda-not-defeated-in-Afghanistan.html). 23 May 2014.

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36,000 Immigrant Criminals Released Back Onto U.S. Streets Last Year

Soon to be committing a crime on a street near you?

More than likely by me, as I (mostly) run this blog just outside the “Sanctuary City” of Chicago.

Stephen Dinan reported on The Washington Times website earlier today:

Immigration officials knowingly released dozens of murderers and thousands of drunken drivers back into the U.S. in 2013, according to Obama administration statistics that could undercut the president’s argument that he is trying to focus on the most serious criminals in his immigration enforcement.

Among the 36,000 immigrants whom U.S. Immigration and Customs Enforcement released from custody last year there were 116 with convictions for homicide, 43 for negligent manslaughter, 14 for voluntary manslaughter and one with a conviction classified by ICE as “homicide-willful kill-public official-gun.”

The immigrants were in deportation proceedings, meaning ICE was trying to remove them from the country and could have held them in detention but released them anyway, according to the Center for Immigration Studies, which published the numbers Monday. The Washington Times also obtained the data…

(Editor’s note: Bold added for emphasis)

As someone who used to handle such matters for the Democrats, I fully understand the focus on immigration by the Obama administration is primarily about securing votes.

But to knowingly jeopardize public safety through the release of murderers and other criminals back onto the streets of America in order to woo “minority” votes?

That’s just cold, man.

Couple this fiasco with the Justice Department’s recent move to significantly expand the number of prisoners eligible for clemency (blogged about here) and other instances where criminals aren’t either going to jail or remaining there very long, and no wonder firearm sales remain healthy in the United States today.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Dinan, Stephen. “Feds released hundreds of immigrant murderers, drunk drivers, sex-crimes convicts” The Washington Times. 12 May 2014. (http://www.washingtontimes.com/news/2014/may/12/feds-released-hundreds-immigrant-murderers-drunken/). 12 May 2014.

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Surviving A Nuclear Attack On Washington, D.C.

Personally, I think there’s a good possibility enemies of the United States will someday detonate nuclear devices in Washington, D.C. and New York City.

Why?

Because these political and cultural centers in America are just too juicy of targets for the bad guys to ignore.

Particularly that new Freedom Tower (One World Trade Center), which is expected to open to the public this year.

I’m not the only one who thinks nuclear terrorism could be in the cards for us. Read further down my “About” page and you’ll understand what I mean.

And don’t forget this from March 24. I blogged:

Earlier today, President Barack Obama spoke at a news conference while attending the Nuclear Security Summit 2014 in Holland. The U.S. President brought up the danger of a nuclear device being detonated in one of America’s major cities. From a transcript provided by the Federal News Service:

And so my response then continues to be what I believe today, which is Russia’s actions are a problem. They don’t pose the number-one national security threat to the United States. I continue to be much more concerned when it comes to our security with the prospect of a nuclear weapon going off in Manhattan

(Editor’s note: Bold added for emphasis)

Think POTUS knows something that we don’t?

Getting back to the nation’s capital, Marc Ambinder recently wrote an article on The Week website entitled, “If a nuclear bomb exploded in downtown Washington, what should you do?” Armbinder inquired in the April 14 piece:

I was wondering if the government had deigned to share with us citizens any tips for, you know, surviving something their own intelligence points to as the likeliest unlikely Black Swan event… it turns out that there is quite a lot that you or I can do if we get stuck in Washington when something like that happens. Choices we make could very well make the difference between our imminent death and a relatively full and happy life, assuming the bomb is a one-off.

The Lawrence Livermore National Laboratory released a report in 2011 that spells all this out. It hasn’t gotten nearly the attention it deserves.

It’s called the “National Capital Region Key Response Planning Factors for the Aftermath of Nuclear Terrorism” and it makes for fascinating reading…

It really does, and if I lived or worked in the nation’s capital, I’d read that November 2011 U.S. Department of Homeland Security-funded publication as if my life depended on it.

Because it very well might one day.

You can find the 120-page publication here (.pdf format) on the Homeland Security Digital Library website.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Ambinder, Marc. “If a nuclear bomb exploded in downtown Washington, what should you do?” The Week. 14 Apr. 2014. (http://theweek.com/article/index/259829/if-a-nuclear-bomb-exploded-in-downtown-washington-what-should-you-do). 15 Apr. 2014.

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Wednesday, April 16th, 2014 Government, Man-Made Disasters, Terrorism No Comments

Signs Of The Time, Part 74

Any readers know who Oscar Ramiro Ortega-Hernandez is?

He was the young man charged with the attempted assassination of U.S. President Barack Obama back in November 2011 when he fired shots at the White House. Thankfully, no one was hurt in the attack.

The other day, I spotted this on the legal news site LawyerHerald.com. A staff writer reported Tuesday:

According to a Bloomberg report, an Idaho man has been sentenced to 25 years in prison after pleading guilty to firing an assault rifle at the White House from his car. 23 year-old Oscar Ramiro Ortega-Hernandez admitted to shooting at the White House from his car. His lawyers claimed in a memo to presiding US District Judge Rosemary Collyer that their client has the misguided idea that his action would make the public aware that an Armageddon is coming and that Ortega-Hernandez has no intention to hurt anyone nor President Barack Obama…

Ortega-Hernandez’s lawyers had asked Collyer to hand down only a 10-year jail sentence for their client…

According to the memo submitted to Collyer for a reduced sentence, Ortega-Hernandez allegedly fell under the influence of survivalists following a childhood where he has been living in many places and saw his parents separated…

(Editor’s note: Bold added for emphasis)

Ah, it was the survivalists’ fault.

Apparently, Judge Collyer didn’t buy that argument.

But it was only a matter of time before someone demonized preppers/survivalists again after the Sandy Hook shootings.

Remember what was being said back then about one of the first victims of the violence- Nancy Lanza? I blogged on December 17, 2012:

I’ve come across two more web articles that don’t paint the modern survivalist movement in a positive light.

In fact, some might argue they’re attempting to connect prepping with the Sandy Hook school shootings.

From The Telegraph (UK) website yesterday:

Connecticut school shooting: Adam Lanza’s mother was preparing for disaster

The mother of the gunman who killed 20 children and seven adults in America’s worst school massacre, was a gun-proud “survivalist” preparing for economic collapse, it has emerged.

Nancy Lanza, whose gun collection was raided by her son Adam for Friday’s massacre at Sandy Hook school, was part of the “prepper” movement, which urges readiness for social chaos by hoarding supplies and training with weapons.

“She prepared for the worst,” her sister-in-law Marsha Lanza told reporters. “Last time we visited her in person, we talked about prepping – are you ready for what could happen down the line, when the economy collapses?”

And then there’s this from The Independent (UK) site this morning:

Mother of Sandy Hook school gunman Adam Lanza was a ‘prepper’ survivalist preparing for economic and social collapse, say reports

Friends and family have portrayed Mrs Lanza as a paranoid ‘survivalist’ who believed the world was on the brink of violent collapse.

“Paranoid.” Regrettably, preppers and survivalists should expect more of the same from the establishment politicians, their “presstitutes,” and low-information supporters going forward.

Whereas I- not a prepper but gleaning ideas and knowledge from them- see these individuals for the most part as simply wanting to carry on with their lives and look after themselves, loved ones, and friends in the event of an emergency or disaster.

Did I mention that by their actions they free up police, fire, and other public safety agencies to attend to those who for some reason or another failed to prepare for a major crisis?

Paranoid, or actually patriots?

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

“Court hands out a 25-year prison sentence on White House shooter.” Lawyer Herald. 1 Apr. 2014. (http://www.lawyerherald.com/articles/5175/20140401/court-hands-out-a-25-year-prison-sentence-on-white-house-shooter.htm). 4 Apr. 2014.

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President Obama: ‘Nuclear Weapon Going Off In Manhattan’ Top U.S. Security Threat

Occasionally, I blog about the threat of nuclear terrorism for the United States.

Earlier today, President Barack Obama spoke at a news conference while attending the Nuclear Security Summit 2014 in Holland. The U.S. President brought up the danger of a nuclear device being detonated in one of America’s major cities. From a transcript provided by the Federal News Service:

And so my response then continues to be what I believe today, which is Russia’s actions are a problem. They don’t pose the number-one national security threat to the United States. I continue to be much more concerned when it comes to our security with the prospect of a nuclear weapon going off in Manhattan, which is part of the reason why the United States, showing its continued international leadership, has organized a forum over the last several years that’s been able to help eliminate that threat in a consistent way…

(Editor’s note: Italics added for emphasis)

Think he knows something the majority of Americans don’t?

Personally, I’d be hard-pressed to live in or around New York City or Washington, D.C., if you catch my drift…

You can read the entire transcript on The Washington Post website here.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Tuesday, March 25th, 2014 Europe, Foreign Policy, Government, Terrorism No Comments

Chicago To Host Nuclear Security Summit 2016

This morning, I found out Chicago will be hosting another international summit two years from now. Stacy St. Clair reported on the Chicago Tribune website a short time ago:

President Barack Obama will host the next nuclear security summit in Chicago in 2016, once again gathering world leaders in his hometown for a major international event.

Obama made the announcement this morning at the end of this year’s summit in the Netherlands, where the leaders from 53 countries participated. The exact date has not been announced.

This would be the second major international gathering held in Chicago during Obama’s presidency. In 2012, the city hosted a NATO summit that drew representatives from more than 60 countries as well as a sizeable group of protestors from around North America…

Ah yes, the protesters. I’m sure the Chicago Police Department are thrilled to hear of this announcement.

Here’s some video of the “civil disobedience” taking place at this year’s Nuclear Security Summit at The Hague:


“The Netherlands: Nuclear Security Summit draws protests”
YouTube Video

Not much unruliness going on from what I can see. Still, two years from now economic conditions may be significantly worse, with the gathering serving as a focal point for increased discontent.

For all you Chicagoans hoping to get out of Dodge during the summit, like St. Clair said, nothing’s been scheduled yet. However, the prior three summits have all taken place in late March-first part of April, if that helps.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

St. Clair, Stacy. “Obama to host nuclear security summit in Chicago in 2016.” Chicago Tribune. 25 Mar. 2014. (http://www.chicagotribune.com/news/local/breaking/chi-obama-to-host-nuclear-security-summit-in-chicago-in-2016-20140325,0,5154031.story). 25 Mar. 2014.

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Illinois Millionaire Tax Hike Could Pass As Part Of Class Warfare Push By Democrats

While I’ve been putting a lot of time lately into my offshore Web projects, Illinois Democrats have been grabbing the local headlines as they replicate President Obama’s class warfare strategy to win votes in November. Monique Garcia, Ray Long, and Maura Zurick reported on the Chicago Tribune website last Friday:

Illinois Democrats went all-in Thursday with their election-year class warfare theme as Speaker Michael Madigan pitched the idea of asking voters to raise taxes on millionaires, Senate President John Cullerton advanced a minimum-wage increase and Gov. Pat Quinn compared wealthy opponent Bruce Rauner to TV villain Mr. Burns…

The newest front in the campaign battle came as Madigan held a rare news conference to announce he wants lawmakers to put a question on the Nov. 4 ballot asking voters whether the state should raise the income tax by 3 percentage points on those who make more than $1 million a year.

The powerful Democratic speaker said the tax hike on millionaires is a way to generate more than $1 billion for elementary and high schools. Madigan based his calculations on what he said are roughly 13,675 millionaires that lived in Illinois in 2011, brushing aside a question about whether such a tax hike might drive them out of the state.

“Well, if they’re in Illinois today, they’re probably so much in love with Illinois that they’re not going to leave,” Madigan said

(Editor’s note: Italics added for emphasis)

I’m not as optimistic as the 71-year-old Speaker of the House is about Illinois millionaires sticking around if they’re targeted with a tax hike.

After all, money typically gravitates to where it’s being treated the best.

And recent demographic data suggests Chicagoland and Illinois residents may not be “so much in love” with the area as Mr. Madigan claims.

That includes the rich as well.

“Cook County’s population grew by 17,000 people in 2012, about .3 percent- but much of that gain came from immigrants, according to Census Bureau estimates released Thursday.

The figures showed that about 32,000 more domestic residents moved out of Cook County than moved in. But a net increase of 17,000 immigrants, along with a high ratio of births over deaths, contributed to an overall gain for the county…”

-Chicago Sun-Times website, March 13, 2013

Moving Out
The top outbound states for 2013 were:

1. New Jersey
2. Illinois
3. New York
4. West Virginia
5. Connecticut
6. Utah
7. Kentucky
8. Massachusetts
9. New Mexico”

-United Van Lines press release, January 2, 2014

“As the Great Recession churned job prospects for many, Cook County lost about 13,000 residents with six-figure household incomes to other places, despite the widely hyped revival of downtown housing and jobs…”

-Crain’s Chicago Business website, February 14, 2014

“Roughly 13,675 millionaires that lived in Illinois in 2011”

Should Illinois Democrats jack up their income taxes, I suspect the number of Illinois millionaires right before the tax hike is implemented will plummet. Revenue will follow. Out-of-state vacation homes in Indiana and Wisconsin will be declared as primary residences.

“A way to generate more than $1 billion for elementary and high schools”

I highly doubt that.

So does the proposed millionaire tax hike have a chance of becoming reality?

Consider what Greg Hinz blogged on the Crain’s Chicago Business website Friday:

Springfield Democrats have such big legislative majorities that they won’t need any Republican votes to pass the measure if they hang together. And Springfield insiders are saying that odds are much better that Democrats will unify behind the speaker’s proposal- which, after all, would affect only millionaires like Bruce Rauner- than behind another plan being pushed by Senate Democrats to implement a graduated income tax, which would affect far more voters.

Stay tuned. If you can stomach it.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

Garcia, Monique, Long, Ray, and Zurich, Maura. “Illinois Democrats go all-in on class warfare theme.” Chicago Tribune. 21 Mar. 2014. (http://articles.chicagotribune.com/2014-03-21/news/chi-speaker-madigan-proposes-asking-voters-to-raise-taxes-on-wealthy-20140320_1_tax-hike-bruce-rauner-income). 24 Mar. 2014.

Hinz, Greg. “GOP leaders blast Madigan’s millionaires tax, but idea likely has legs.” Greg Hinz On Politics.” Crain’s Chicago Business. 21 Mar. 2014. (http://www.chicagobusiness.com/article/20140321/BLOGS02/140329950/gop-leaders-blast-madigans-millionaires-tax-but-idea-likely-has-legs). 24 Mar. 2014.

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Crimea Crisis

I spotted the following (creator unknown) last week regarding the crisis in the Crimea:

Crimea Humor

I don’t know about you, but I think it’s a pretty good depiction of what’s happened to date.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Wednesday, March 19th, 2014 Europe, Foreign Policy, Government, Humor No Comments

Peter Schiff: U.S. GDP Fell From 2.8 Percent In 2012 To 1.9 Percent In 2013

“Investor Warren Buffett says the economy continues the steady improvement that began in fall of 2009 and he remains optimistic despite Russia’s advance into Ukraine.

Buffett appeared on the business cable channel CNBC Monday morning after releasing an upbeat annual letter to his Berkshire Hathaway Inc. shareholders over the weekend. Buffett is chairman and CEO of the Omaha, Neb., conglomerate.

Buffett said the reports he gets from Berkshire’s 80-odd subsidiaries in a variety of industries show that the economy is growing at a moderate rate, despite swings in investors’ mood.

“The American economy for five years has been moving at a fairly steady rate upwards —not as fast as people would like — but I think that absolutely continues now,” he said…”

-Associated Press, March 3, 2014

Well-known stock investor Warren Buffett has been bullish on the U.S. economy for some time now. Not so for a number of the “crash prophets,” including Peter Schiff. The Euro Pacific Capital CEO and Chief Global Strategist added a new entry Friday on his YouTube video blog The Schiff Report where he pointed out that U.S. GDP numbers for the past two years tell a different tale than the one Buffett shared with CNBC viewers this morning. Schiff observed:

The GDP numbers that were released today for the fourth quarter the government came back and revised down. It was a downward revision to fourth quarter GDP. They originally told us the economy grew by 3.2 percent in the fourth quarter. And today, they revised that down to just 2.4 percent. 2.4 percent.

Now, if you look at the entire year of 2013, the GDP grew by 1.9 percent. For the year.

In 2012- the prior year- the GDP grew by 2.8 percent.

Now, wait a minute. President Obama said in his many speeches in late 2013 that this is the year the recovery became real. That we finally have the real recovery that he’s been promising.

Well wait a minute. If GDP in 2013 was up by 1.9 percent, but it was up by 2.8 percent in the year before when the recovery wasn’t real- how is the recovery more real when the economy is growing more slowly now than it was before?


“Recovery Fantasy Persists Despite Contrary Data”
YouTube Video

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Monday, March 3rd, 2014 Crash Prophets, GDP, Recovery No Comments


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