Asking If ‘Big Gov’t Sucks’ Got This Girl in Trouble with Cops, Kicked Off Campus

BrowardLauren Cooley, a 22-year-old journalist and
conservative activist, canvassed Broward College last week asking
students there whether they agreed that “big government sucks.” The
question soon answered itself: Campus police officers interrupted
Cooley, told her that she had to restrict her activities to the
designated “free speech zone,” and threatened to arrest her unless
she left the campus.

Broward is a Miami-area community college and public institution
that hosted a debate between Florida gubernatorial candidates Rick
Scott and Charlie Crist last week.

According to The College
Fix
:

She spent nearly 90 minutes there asking students “Hey, do you
think big government sucks?” as she worked to find students
interested in signing a petition to launch a Turning Point student
club on campus, she said in an interview with The College
Fix.

As Cooley was leaving the Davie, Florida campus she saw a
male student and asked him if he thought big government sucked, and
at that point she was told by a campus security guard that she
needed to go to the “free-speech area,” she said in an interview
Friday with The College Fix.

Cooley recorded the incident. The cops insisted that she was not
allowed to speak to students about a political topic outside the
free speech zone, even though many students—having just attended a
political debate—were actively discussing politics out in the open
(how shocking!). Cooley was wise enough to ask whether she was
being detained and declined to hand over her ID. Eventually, an
officer told her to leave the campus at once or be arrested for
trespassing.

“Alright,” Cooley said as she walked away. “Remember, big
government sucks.”

“Yeah, I know,” the officer can be heard saying in the
background.

After being told in absolute terms by a police officer that she
was not permitted to speak to students and would be arrested if she
remained any longer, Cooley left the campus.

According to The College Fix, Cooley is a resident of
Broward County. “It’s literally the college my taxdollars go to
partially fund,” she said.

Free speech zones are pernicious and manifestly unconstitutional
staples of many campuses. That a public institution of higher
learning would want to prevent a young person from discussing
politics with students is inexcusable.

That the cops would aggressively enforce this restrictive policy
is even worse.

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Poll: 53% of Americans Satisfied with House and Senate Candidates; Independent and Independent-Leaning Republicans Least Satisfied

While 73
percent of Americans say most members of Congress do not deserve to
be reelected
 this November, Reason-Rupe
finds
 that 53 percent are yet still satisfied with the
candidates running for Congress in their own districts.
However, only 9 percent report being “very satisfied” while 44
percent are “somewhat satisfied.” Thirty-four percent are
unsatisfied (20% somewhat, 14% very), while 12 percent don’t have
an opinion.


In keeping with America’s federalist tradition
, Americans are
more supportive of candidates closer to home. Fifty-seven percent
say they are satisfied with candidates for state level offices, and
a third are dissatisfied. Slightly more, 62 percent, are satisfied
with candidates for local level offices, and a quarter are
dissatisfied.

Strong Democratic (60%) and Republican (56%) partisan voters are
about equally likely to report satisfaction for their districts’
House and Senate candidates for the upcoming midterm elections.
Only 3 in 10 report dissatisfaction with state-level
candidates.

However, independent and
independent-leaning Republican voters are least likely to be happy
with candidates running in their districts. Instead, 53 percent of
non-partisan independents and 48 percent of independent-leaning
Republican voters say they are dissatisfied with the
House and Senate candidates running in their districts.
Independent-leaning Democrats are similar to strong Democrats with
only 30 percent dissatisfied.  

Similarly at the state-level, pluralities of Independents and
independent leaning-Republicans are dissatisfied (roughly 46%) with
state level candidate options, while about 4 in 10 are satisfied.
Conversely, majorities (6 in 10) of strong partisans are satisfied
with state-level candidate choices, and 27 percent are
dissatisfied.

Independents are more supportive of local-level candidates. Both
partisan and independent leaners are satisfied with candidates for
local level offices—roughly 60 to 70 percent. About a quarter are
dissatisfied.

Only at the local level do a plurality (48%) of non-partisan
independents report satisfaction with candidate options, with a
third dissatisfied.

Taking a closer look at who these dissatisfied voters are
reveals they tend to come disproportionately from independent and
independent-leaning Republican voters, are more male (57%), and are
more likely to favor
smaller government and free market solutions to complex economic
problems
.

These results comport with oft-found
survey results
 that Americans dislike Congress but like
their own member of Congress. They also demonstrate that candidates
running closer to home receive higher marks than federal-level
candidates.

These data also suggest that Republican
candidates must deal with more unpredictable voters
, as
independent-leaning Republicans are considerably less happy with
their candidates than independent-leaning Democrats and partisan
voters.

The Reason-Rupe national telephone poll, executed
by Princeton Survey Research Associates International,
conducted live interviews with 1004 adults on cell phones (503) and
landlines (501) October 1-6, 2014. The poll’s margin of error
is +/-3.8%. Full poll results can be found here including
poll toplines (pdf) 
and crosstabs (xls). 

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Maine Rep. Larry Lockman Finds It’s Hard to Live Down Pro-Rape Comments

A state lawmaker in Maine is having a hard election season after
some comments he made about rape decades ago resurfaced. “If a
woman has the right to abortion, why shouldn’t a man be free to use
his superior strength to force himself on a woman?” asked Rep.
Larry Lockman (R-Amherst) in 1990. Now that phrase features
prominently
in a new anti-Lockman mailing
from the Maine Democatic
Party. 

Apparently Lockman’s political career has been dotted with
controversial commentary. In February, Bangor Daily News
writer
Mike Tipping noted that Lockman
—a first-term representative who
has “quickly established himself as a vocal leader” of the Maine
GOP’s tea party wing—was once active in campaigning against income
taxes but switched focus in the mid-1980s to HIV fearmongering and
denouncing gay men. In one 1987 letter to the Lewiston Sun
Journal
, Lockman wrote:

In the overwhelming majority of cases, people are dying because
of their addiction to sodomy. They are dying because progressive,
enlightened, tolerant people in politics and in medicine have
assured the public that the practice of sodomy is a legitimate
alternative lifestyle, rather than a perverted, depraved crime
against humanity.

He also called anal sex “biologically-insane” and the
“normalization of homosexuality” one of the most pressing moral
issues of our time. In the early 1990s, Lockman became highly
concerned with protesting abortion. A letter-to-the-editor of the
Lewiston Sun Journal
quotes Lockman
saying the following: 

If a woman has (the right to abortion), why shouldn’t a man be
free to use his superior strength to force himself on a woman? At
least the rapist’s pursuit of sexual freedom doesn’t (in most
cases) result in anyone’s death. 

A woman’s bodily autonomy comes second to either an embryo’s
or a man’s claims on it, but certainly somebody other than the
woman herself has a right to it, of that much Lockman is
certain!
(And can we just pause to recognize the utter
creepiness of the phrase “the rapist’s pursuit of sexual
freedom”?) 

After the Bangor Daily News column came out,
Lockman released a statment
saying “I have always been
passionate about my beliefs, and years ago I said things that I
regret. … today I am focused on ensuring freedom and economic
prosperity for all Mainers.”

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Turkey Eases Way for Kurdish Reinforcements, Dem Election Prospects Infected by Ebola, Colorado May Ban Pot Brownies: P.M. Links

  • Pot brownieHaving just recently denounced
    the Kurdish Peshmerga as “terrorists,” Turkey’s government is
    now
    allowing Kurdish reinforcements
    through to Kobani to battle
    ISIS. The enemy of my enemy…
  • Obamacare, assaults on civil liberties, and hostility to
    entrepreneurs and business might not have torpedoed Democratic
    election hopes, but
    fumbling the response to Ebola
    has them bleeding from the
    eyes.
  • Voting is
    already underway in 34 states
    by the way, so get ready for smug
    hectoring from those who have already chosen institutional party
    Candidate A over institutional party Candidate B.
  • British gun owners now face
    unannounced, warrantless visits
    to their homes by the cops,
    just because. All the more reason to keep your guns off the
    books.
  • Marijuana-based edibles such as brownies, cookies, and candy

    will be banned
    if Colorado officials have their way, because—
    Oh, let’s not pretend there’s any logic behind this.
  • “He’s been giving us descriptions, cooperating and accompanying
    us to locations,” Hammond, Indiana, Police Chief John D. Doughty

    says of Darren Deon Vann
    who, apparently, admits to at least
    seven murders over 20 years. Better late then never.

Follow us on Facebook
and Twitter,
and don’t forget to
sign
up
 for Reason’s daily updates for more
content.

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Ira Stoll: Obama Ally Wages Class Warfare

“Megarich Plaintiffs, Legally Adrift,” is the
headline The New York Times ran over the latest article by
Steven Rattner, the money manager and former Obama administration
official. As the Times headline makes clear, Rattner’s
argument concerns less the merits of the case than it does the
wealth of the plaintiffs. But as Ira Stoll observes, the fact that
one party to a legal dispute is rich should be entirely irrelevant
to the merits of the case. That’s why the classical portrait of
justice has her wearing a blindfold.

View this article.

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Will Our Private Savings Be Sacrificed To Pay Down The Public Debt?

Submitted by Adam Taggart via Peak Prosperity,

Recently, an article by Daniel Amerman caught our attention. Titled Is There A “Back Door” Method For The Government To Pay Down The Federal Debt Using Private Savings?, it details the process known as financial repression, where sovereign debts are slowly paid off by syphoning private savings from an unaware populace.

In this week's podcast, Chris discusses the mechanics of the process, as well as its probability, with Dan: 

To understand financial repression, we have to understand that we've been there before. Many nations have gone through periods in the past where they've had very high levels of government debt. And there are four traditional ways of dealing with that.

 

One of them is austerity. Everyone understands that. You raise the tax rates. You lower the government spending. This is a painful choice. It can last for decades. And what do you think the voters think about that?

 

There is another option and this we can call this the Argentina option. And that's defaulting on government debts. It’s radical. Everybody understands it. How do the voters feel about it?

 

There is a third option is rapidly destroying the value of currency. Creating high rates of inflation that very quickly wipe out the true value of a national debt. But that also wipes out the true value of everyone else’s savings and salaries and so forth. It is such an obvious process you can’t really hide it. So how do the voters feel about that?

 

Those first three – they all work. They've all been done before. But they're all very painful and make the voters very angry.

 

Now there is a fourth way of doing this. There's nothing controversial about its existence; it's not the slightest bit controversial for professional economists or people who have studied economics extensively. It's financial repression. And it works. It's what the advanced western nations did after World War II. It was a process that took 25 to 30 years, depending on the country. The West went from an average debt as a percentage of national economy from over 90% to under 30%. So we know it works in practice.

 

To understand what this fourth alternative is where governments like to go is that there are no political repercussions. It's actually just as painful for the population as a whole. You've got to get the money one way or another. But financial repression is, for most people, just complex enough that the average voter never gets it. And because they don’t get it, they're paying the penalty, but they don’t realize it. And they don't see anyone to blame. That's really good if you want to stay in office.

 

The key is a concept called negative real interest rates. If the rate of inflation is higher than the interest payments you are taking in, savers are losing purchasing power every year. Remember, this is a zero sum game between the borrower and the saver — with the saver funding the borrower. Every dollar in purchasing power that the savers, which are you and I, are losing every year — that goes to the benefit of the borrower, which in this case is the Federal government. 

Click the play button below to listen to Chris' interview with Daniel Amerman (56m:04s):

 

 




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Quote of the Day from K.K.R. – Wall Street Officially Becomes a Parody of Itself

Screen Shot 2014-10-20 at 2.18.48 PMLongtime readers of Liberty Blitzkrieg will know that I think the greatest parody of Wall Street ever created is courtesy of SNL about a made-up firm called Global Century Investments. Before I provide a link to the video, I want to highlight a stunning quote from Gretchen Morgenson’s excellent New York Times article detailing the extraordinarily shady relationships between private equity firms and public pension funds. The quote comes in at the end of the article:

Kristi Huller, a spokeswoman for K.K.R., initially denied that it could reduce or eliminate its fiduciary duties. But after being presented with an excerpt from the agreement, she acknowledged that its language allowed “a modification of our fiduciary duties.”

What K.R.R. spokeswoman Kristi Huller does is straight up lie about the firm’s fiduciary duties, only to backtrack once she realizes she has been caught.

That is exactly what happens at the end of the SNL spoof. Yes it’s official, Wall Street has become a literal parody of itself.

Watch the video here and compare it to the quote above. Remarkable.

continue reading

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Stop Smokin The Import Crack…

Submitted by FinancialJuice – Financial News Tailored by You

Seriously folks, enough.  We’ll start slow.  Interventions are not as palatable as they once were

FACT: The size of the US consumer base is approximately 11 Trillion Dollars per annum. That is the equivalent to China’s and Japan’s GDP, combined minus a mere 2 Trillion.  The size of the US Consumer is 1/3 of the Global Consumer Market.  More than Japan, more than EU, more than China.

Let me say this before opinions start flying like the Luftwaffe over Poland: It Is our G-D given right to enjoy the products we purchase and use our reward based credit cards to buy them.  Now that we have that out in the open.  Let us move on.

So we know that we are a consumer based economy, right? Yes.  $11 Trillion is about 70% of the overall economy.  We love our products and we love to get new products.  I don’t have the actual data, but the churn rate on new products must be in the range of 18 – 26 months.  Think Iphone.  

Scenario that is impossible to implement but interesting to consider: The US consumer stops buying anything outside of food, Water, and Gas.  No new cars, no new technology, no new clothes. Never going to happen, right? Correct.  

Our next point, if you had the opportunity to cater to an economy that is falling over itself in its attempt to get the latest and greatest, would you? No brainer category.

We told you we would start slow, so let’s step it up a bit.  

The US economy is able to sustain itself from Aunt Janet and her predecessor uncle Ben.  Don’t forget our long lost cousin Alan.    The US, with one of the highest bond ratings in the known universe, is able to borrow $ at the lowest rates since the Great Depression.  See chart.

We use the $ borrowed from the Treasury Auctions to supply the feeding frenzy provided by the Fed.  Pretty straight forward, right? Kind of.  

The treasury market is approximately $11.8 Trillion dollars. Foreign money holds approximately $6 Trillion on an annual basis.  This is a mix of short term and long term securities.  As of August 2014, China’s US Treasury holdings were at$ 1.269  Trillion.  So no, China does not hold half of our Treasuries. 

Treasuries are denominated in USD.  In order for Foreign investors to buy T-Bills, T-Notes, T-Bonds, conversions into the USD would need to take place.  Thereby, selling the foreign currency and purchasing the US dollar.  Providing strength in the USD and, for the moment, weakness to the foreign currency.  Selling the currency X, buying the USD.  Multiply this by the steady stream of interest in the US Treasuries and you experience a rising tide in the US currency. US based consumers are able to purchase goods manufactured in international locations cheaper without sacrificing domestic purchasing power.  Conversely, foreign based companies and consumers would experience more expensive goods when purchasing US products.

WIFC: What’s In It For China?  This is where things get interesting.  The common contention is that China is allowing the US to continue its spending spree until all-heck breaks loose.  We feel a bit differently.

What if the Chinese would like to make sure that the Yuan fluctuation, which is seemingly regulated by the government, remains low for the benefit of the Chinese? The Chinese are merely looking for a pathway to keep the currency low to promote the goods produced in China as financially attractive as possible.  With some esoteric currency plays and good ole fashioned financial engineering, it’s possible and already in play.    

This turning out to be a more of a currency play than just a macroeconomic motif.  China needs to stay relevant.  This isn’t about the US and its consumers but about the Chinese desire to create a relevant economy and more relevant presence on the world economic stage.  

If China does not purchase USD based securities the probability that the US $ will not continue its buoyancy will decrease. When USD buoyancy exists the picture, the purchasing power of the US consumer will decrease in relation to its foreign supplier.  The Supplier and Manufacturer in China will immediately feel the impact in the decrease in demand for the product.  In turn, more intervention will need to take place to keep the Yuan by the Chinese government.

We need to remember that the US need not be the focus of these discussion.  The focus should be on the Chinese manufacturing and supply chain integrity.  This bring to light the true implication of currency movements and asset purchases.  

The reason the US is at the center of this discussion on a global scale is the fact that we refuse to stop spending.  Perhaps this is more of a philosophical than a fiscal, monetary, or economic discussion.

For what it’s worth, I like my crack. 

 




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Stocks Green Despite Big Blue; Greenback & Black Gold Red

If only stock indices only included stocks that were green… IBM's 80-point weight on the Dow disappointed some but that was no problem for the index-pushers who needed the S&P 500 to tap its 200DMA. The only thing that mattered to stocks today was EURJPY… and that managed to get the S&P 500 'almost' to its 200DMA (but noit quite) and ensure a green close for the Dow. The USDollar slipped lower all day (-0.4%) led by EUR and GBP strength. Gold ($1245) and silver gained on the day but even with a weak USD, oil and copper dropped (with oil very volatile). US Treasury yields drifted lower by 1-2bps (thin trading) decoupling from the post-European close exuberance in stocks. HY credit decoupled from stocks initially (post-Europe) but as stocks ramped so did spreads and VIX continues to run ahead of stocks (under 19 today) as it appears hedges are being lifted. Of course, AAPL was a big help, up over 2% pushing back towards its magical $100 ahead of this evening's results. S&P futures volume was dismally low.

 

First – spot the rally days in the S&P 500 (based on the lower pane only)…

 

On the day, stock indices were green (except the IBM-stunted Dow)

 

And from Bullard's QE4 comment…

 

and Financials and Tech are underperforming off the Bullard bottom… with Homebuilders squeezed higher

 

VIX notably ahead of stocks…

 

And while HY decoupled initially, it ramped pretty rapidly as stocks surged…

 

Treasury yields dipped lower on the day… rallying after Europe closed…

 

Decoupling from stocks…

 

The USD drifted weaker all day too (led by GBP and EUR strength – and AUD ahead of the China GDP tonight)

 

But stocks only cared about the fun-durr-mentals of EURJPY (notably decoupled from USDJPY)

 

USD weakness helped PMs modestly but not copper and oil…

 

With some notable volatility in oil prices today… but that's nothing new…

 

Simply put – someone really wanted the S&P back at its 200DMA to 'prove' recovery was back on.

 

AAPLtastic… testing up to $100 and the 50DMA

 

Charts: Bloomberg

Bonus Chart: When machines read Chipotle's earnings report…




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NSA Opponent Mike Udall Could Lose Senate Seat

While Sen. Mark Udall (D-Colo.) is not exactly a libertarian’s
best friend, he has been one of the
loudest critics
of the National Security Administration’s (NSA)
surveillance program. He may also be en route to losing his Senate
seat. The
most recent polls
give his opponent, Rep. Cory Gardner
(R-Colo.), a narrow lead.

A Udall loss could be grim news for civil libertarians hoping to
rein in the NSA.
The Hill reports
:

Udall’s possible defeat would leave a void in the Senate and on
the powerful Intelligence Committee, civil liberties and
anti-secrecy advocates fear.

Udall has long been one of the Senate’s biggest fighters against
government secrecy, tough spying programs,
the Guantánamo Bay detention facility and other issues
important to civil libertarians.

On the campaign trail, however, the NSA and the security state
have become non-issues—not least because of Udall’s own
bungling campaigning
:

Part of the problem for Udall is that the focus of his efforts
are just not a top issue for most Americans. Americans consistently
rate economic issues as the most important problem facing the
country…In Colorado, Gardner and Udall have focused their attacks
largely on women’s health and energy issues. 

Recently, Udall has taken to emphasizing his national security
and surveillance positions, but it’s probably too little, too late.
Real Clear Politics
notes
that Udall needs a big break in order to pull even with
Gardner, who has won all polls but one since mid-September.

In 2011, as a member of the Senate Intelligence Committee, Udall
anticipated the Edward Snowden leaks by
warning of gross overreach
under the PATRIOT Act. He
called for the resignation
of CIA Director John Brennan after
it came to light that the agency was spying on Senate computers. He
sponsored
a bill
designed to limit the NSA’s power—and tried to
strengthen the bill
when its key provisions were weakened.
Udall has also teamed up with
Sen. Ron Wyden (D-Ore.) and Sen. Rand Paul (R-Ky.)
in
criticizing NSA dragnet surveillance.

Gardner himself has expressed tepid support for Udall’s
efforts—though his past voting
record belies
this agreement. And even if Gardner’s support is real, civil
libertarians fear what the loss of a staunch supporter on the
Intelligence Committee could mean:

“I do think it would be a significant loss for the movement,”
said Laura Murphy, the head of the American Civil Liberties Union’s
Washington office.

“What Udall has is the institutional memory, and the
relationships in the civil liberties community, in the Democratic
Party and in the tech industry so that we don’t have to start over
again with someone new,” she added, while noting that her concern
would be the same if Republican civil liberties advocates were also
at risk of losing their seats.

Whatever one might think of his other positions, it’s clear that
if Udall loses, it will further dim the prospects of real reform to
America’s burgeoning surveillance state.

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