I want one!

After receiving a FAA waiver for being 120lb overweight to qualify for a Light Sport aircraft designation, the Flying Car finally takes to the air for a test flight.


The Terrafugia Transition, a light aircraft that can convert into a road-legal automobile, is to go into production after being given a special weight exemption by the US Federal Aviation Administration. — UK Telegraph, June 29, 2010.


For more information, check this website.

Drool…

I want one!

After receiving a FAA waiver for being 120lb overweight to qualify for a Light Sport aircraft designation, the Flying Car finally takes to the air for a test flight.


The Terrafugia Transition, a light aircraft that can convert into a road-legal automobile, is to go into production after being given a special weight exemption by the US Federal Aviation Administration. — UK Telegraph, June 29, 2010.


For more information, check this website.

Drool…

Loss of Faith.

From Investor’s Business Daily

Democracy: It’s an awful thing in a country when its people no longer believe the government protects them and their rights. Yet, a new poll shows that’s exactly where Americans are headed right now.

In a Rasmussen poll of 1,000 adults taken last Friday and Saturday, nearly half, or 48%, said they see government today as a threat to their rights. Just 37% disagreed. The poll also found that only one in five (21%) believe current government has the consent of the governed.

In other words, people think much of what our government does today is illegitimate — possibly even illegal.

For a democratic republic such as our own, this is extraordinarily dangerous. The Declaration of Independence and the Constitution were created explicitly to protect Americans’ rights by limiting the scope, reach and power of the federal government.

The Declaration promises “life, liberty and the pursuit of happiness,” and goes on to say that “to secure these rights, governments are instituted among men, deriving their just powers from the consent of the governed.”

In short, our government was designed to protect our rights — not to serve as an all-embracing nanny state that slowly, silently strips us of our ability to act as free individuals.

Editorial, Investor’s Business Daily, June 24, 2010

There’s more at the website. What the column says is that we are in an extremely dangerous period in our country’s history. When the majority of the citizen’s of our nation believes that the government no longer represents the people and that nearly half of the country believes the government is dangerous and a threat to our rights and liberty, open revolt can occur at any spark.

Yes, a very dangerous time indeed.

Breaking: Senator Robert C. Byrd (D) dead at 92

Democrat Senator Robert Byrd, AKA “Sheets”, died this morning in a Fairfax, VA hospital. There’s one less democrat in the senate—for a while.

West Virginia Governor Joe Manchin, a Democrat, will appoint a replacement for Byrd, leaving the seat in Democratic hands. — San Francisco Chronicle Online, June 28, 2010

However, Governor Manchin provided no time-line for choosing Byrd’s replacement. Byrd, a Kleagel, or recruiter, and a former Grand Wizard of the Ku Klux Klan, acquired the nickname, “Sheets” due to his membership in the Klan. Byrd is also the last surviving democrat in office who voted against the Civil Rights Act of 1964.

As for me, he will not be missed. He retained his senate seat by being the senate’s most prolific user of bribes pork projects for his state of West Virginia.

Keynesian Economics

Keynesian Economic Theory was the core of FDR’s failed plan to improve the US economy in the 1930s.

Keynes argued that the solution to the Great Depression was to stimulate the economy (“inducement to invest”) through some combination of two approaches: a reduction in interest rates and government investment in infrastructure. Investment by government injects income, which results in more spending in the general economy, which in turn stimulates more production and investment involving still more income and spending and so forth. The initial stimulation starts a cascade of events, whose total increase in economic activity is a multiple of the original investment.[3]Wikipedia

Part of Keynesian theory is that economics is a zero-sum environment. Wealth can neither be created nor destroyed. It can be moved from one sector, private or public, as controlled by government. Sounds familiar doesn’t it? It is the core of the democrat political agenda.

It doesn’t work.

This theory was thoroughly debunked in the 1970s, partly due to the failure of LBJ’s Great Society and his War on Poverty. Billions of dollars were spent, wasted, for no positive benefit. What LBJ did create was an entitled welfare class of millions that has grown until it now is a significant portion of our population. I call them the Parasite Class. Generations of families have subsisted under this welfare state. Everything is provided and there is no incentive for them to raise themselves to be self sufficient.

Keynesian theory is a keystone of democratic economic policy because it demands statist control of the economy. According to the theory, since wealth cannot be created—it is a fixed state, wealth must be controlled by the government and redistributed to those areas as needed. Doesn’t that sound familiar? Redistribution of wealth…

Classical Economic Theory operates bunder Say’s law.

A central tenet of the classical view, known as Say’s law, states that “supply creates its own demand“. — Wikipedia.

Keynes rejected Say’s Law but that law has been proven to be valid, while Keynesian Theory has not. The economic recovery in the 1980 driven by Reagan after the disastrous Carter Administration is a prime example of Say’s Law. Say’s Law says that wealth can be created by cutting taxes, eliminating regulation that constrains growth. The theory says that supply and demand will drive economic grown by producing goods and services that are needed and desired. We have some prime examples of this in Microsoft and Google.

The two main differences between Keynesian and Classical theories is that Keynesian is driven top-down or statist control, and the Classical is driven from the bottom up and that statist control prevents growth and the creation of wealth.

Look at our economy from 2006 when the democrats gained control of Congress and that of the Reagan years of the 1980s when Reagan’s Tax-cuts drove the economy through the end of the century.

Obama, Reid and Pelosi versus Ronald Reagan. Which do you prefer? For me, Reagan proved that less tax, less regulation, less government means growth. Obama and the dems have proven that more taxes, more spending, more regulation, bigger government, bigger unions stifles growth, stifles liberty and produces nothing but waste. What a situation. FDR created the New Deal, LBJ created the Great Society and neither worked, did nothing to improve the economy and instead of reducing poverty, increased poverty and the the welfare state.

Chuck Asay has some thoughts on this.

Day by Day: A Proclamation of the People

Sometimes you find something that just speaks volumes. Today, it’s Chris Muir‘s cartoon for Sunday, June 27, 2010. It deserves the widest distribution.

Quote of the Day.

Now more than ever before, the people are responsible for the character of their Congress. If that body be ignorant, reckless, and corrupt, it is because the people tolerate ignorance, recklessness, and corruption. If it be intelligent, brave, and pure, it is because the people demand these high qualities to represent them in the national legislature. …

If the next centennial does not find us a great nation … it will be because those who represent the enterprise, the culture, and the morality of the nation do not aid in controlling the political forces.

James A Garfield, 20th President of the United States, addressing the centennial of the Declaration of Independence, July, 1876.