Top Ten States for Making Money

Published: Fri, 06/28/13

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Giving Up the Identity of Navy Seals for Politics By E.J. Smith 
We Don’t Want Amnesty! By Richard C. Young 
Supreme Court Gives back Sovereignty to States By E.J. Smith
Top Ten States for Making Money By E.J. Smith
A Radical Extension of Federal Power By Richard C. Young 
All-Weather Fund Down 6% so far this…June By E.J. Smith
Energy Revolution By E.J. Smith
Kill Common Core By Richard C. Young  
Rand Paul: “I Can Recall no Utterance of Jesus in Favor of War or Any Acts of Aggression" By Richard C. Young


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Rand Paul: “I Can Recall no Utterance of Jesus in Favor of War or any Acts of Aggression.”
 

Rand Paul’s statements came as part of a speech outlined here by Daniel Larison in The American Conservative. A couple highlights:

“I can recall no utterance of Jesus in favor of war or any acts of aggression.”

“I simply can’t imagine Jesus at the head of any army of soldiers.”

 

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VIDEO: Think You Know Your Shotgun?
 

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Kill Common Core
 

Kill Common Core and get the federal government out of education. Heritage Foundation explains to NPR reporter Cory Turner that interest groups and the federal government are pushing common core on the states, even if they can’t mandate adoption.

“This is an effort largely driven by national organizations and the federal government,” says Lindsey Burke, an education fellow at the Heritage Foundation, a conservative think tank. “And for many, the fear is that that will come at the expense of state and local control of education.”

Burke is quick to point out, however, that the federal government is actually prohibited by law from telling states what or how to teach.

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Energy Revolution
 

Texas is leading the way in the gulf coast energy revolution. As Alison Sider, Dan Strumpf and Ben Lefebvre of The Wall Street Journal report:

The pipelines, all set to come online by the end of next year, mark a new phase in the U.S. oil boom.

Hydraulic fracturing has pushed U.S. oil output to its highest level in 17 years, but without adequate pipelines, much of the crude has been trapped at storage facilities, including domestically produced light, sweet crude at the massive storage hub in Cushing, Okla.

Because that Oklahoma crude is relatively stranded, its price is depressed compared with prices of oil stored in other parts of the U.S. and in Europe. But with the new pipelines, as well as increased use of rail cars and barges to move crude, Cushing prices are expected to rebound.

Light, sweet crude at Cushing is now trading at a discount of about $6 a barrel from imported European Brent crude, but far less than the $20 discount in February.

texas energy

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All-Weather Fund Down 6% so far this…June
 

Hedge funds that are supposed to do well in any type of market are having a tough go of it lately. As Gregory Zuckerman and Juliet Chung of The Wall Street Journal report:

Bridgewater Associates, which built a $150 billion hedge-fund empire with the promise of strong performance even in turbulent markets, is suffering from the market’s recent convulsions.

The firm’s All Weather fund, which manages about $70 billion, has lost 6% so far in June and has dropped about 8.5% for the year, according to a person close to the matter.

The firm’s flagship fund, the Pure Alpha fund, which manages about $80 billion, has lost money in June and is flat on the year, said a person familiar with the matter.

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A Radical Extension of Federal Power
 

Obama announces a radical extension of federal power of more far reaching than the travesty of Obamacare. And he plans an end run around Congress with his new anti-constitutional plan of EPA horror. The Editors of National Review detail Obama’s radical climate agenda.

[T]he president announced that, on behalf of “all of humankind,” he is in effect directing the EPA to take over the American economy. New power plants will be subject to emissions controls, and existing plants will have to be retrofitted to comply with new standards. New restrictions on heavy trucks will affect the movement of freight and goods across the country. New subsidies will be handed down for politically connected energy firms, and federal lands will be set aside for their use. New federal impositions will affect the construction of factories, commercial buildings, and private homes. The president says that this is all enabled by the “overwhelming judgment of science.”

It certainly has not been enabled by something so mundane as the law. We rather suspect that the overwhelming judgment of Congress would be against the president’s program of regimenting the entire American economy under the management of a newly empowered EPA. But the president has made it clear that he intends to act largely through administrative fiat, subverting the democratic process and the people’s elected representatives. Unhappily, the Supreme Court has abetted this ambition by misconstruing the Clean Air Act as a warrant of action on global warming.

Every economic activity involving energy or transportation — which is to say, every economic activity — will be affected by the president’s global-warming program.

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Top Ten States for Making Money
 

Yesterday I reviewed per capita personal incomes by state from 1990 to 2012 as reported by the Bureau of Economic Analysis. That’s a long enough time-frame to eliminate any outliers. In terms of average annual growth in per capita income growth over that time period, most of the top ten are “red” states. Washington, D.C. was number two, but unlike the pencil pushers at the Dept. of Commerce, I don’t consider it to be a state. The fact that it’s number two tells you all you need to know about government overreach at the federal level. Many of the top ten states are as far away from D.C. or California (the D.C. of the west) as you can get. And I was surprised that Vermont made the list, but then again the best thing going for it is, it isn’t New York. Here’s the list of the states and their average growth rate for the last 23 years. These ten states had income growth well above the U.S. average of 3.69%.

Top Ten States  Avg. Personal Income Growth per Year

  1. North Dakota     5.65%
  2. Wyoming             4.76%
  3. South Dakota     4.72%
  4. Louisiana             4.48%
  5. Mississippi          4.31%
  6. Oklahoma           4.18%
  7. Montana             4.16%
  8. Iowa                      4.16%
  9. Vermont              4.16%
  10. Texas                    4.12%

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Supreme Court Gives back Sovereignty to States
 

The Supreme Court correctly ruled to give back Constitutional sovereignty, when it comes to voting rights, to the states. Some states and areas of other states identified as having a history of discrimination, will no longer be required to submit changes in election practices to the Justice Department for approval. They are: Alaska, Arizona, Texas, Louisiana, Mississippi, Alabama, Georgia, South Carolina, Virginia and select counties and townships in California, South Dakota, Michigan, New York, and North Carolina. As The Wall Street Journal reports:

The Supreme Court nullified a core provision of the Voting Rights Act in an ideologically divided ruling that eroded a landmark of the civil-rights era and threw the issue into the lap of a gridlocked Congress.

In a 5-4 decision, Chief Justice John Roberts said Jim-Crow era discrimination no longer justified requiring a group of mostly Southern states to seek Washington’s approval before changing election practices. Joined by the court’s other conservatives, he said the court had to act to uphold states’ sovereignty, sparking a dissent from liberals who said the ruling would undermine progress made since the law was passed in 1965 to ensure fair treatment at the polls.

Tuesday’s ruling substantially eases the path for lawmakers in states that had been under federal supervision, which now can immediately implement changes in their election procedures without first obtaining clearance from the Justice Department. Nine states and portions of six others, primarily in the South and largely now under Republican control, are affected. Some, such as Texas, have clashed with the Justice Department over measures ranging from legislative redistricting to voter-identification laws.

The Journal’s “Review and Outlook” on President Obama’s reaction:

President Obama was especially disappointing, showing himself once again to be a divider, not a uniter. He declared in a rare public comment on the High Court that the decision “upsets decades of well-established practices” to keep voting fair in areas where “voting discrimination has been historically prevalent.” So the country that has twice elected an African-American to the highest political office must in his telling be forever locked into a “Mad Men” time warp.

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We Don’t Want Amnesty!
 

Karin McQuillan, writing at The American Thinker correctly throws down the amnesty gauntlet as she writes that the GOP won’t survive the passing of an amnesty bill.

The Republican Party won’t survive the passing of the Democrat’s illegal immigration amnesty bill.  This shouldn’t be too complex for the D.C. geniuses:  if you betray your party’s base to pander to the opposition’s base, they win, you lose.

If you screw the white working class to pander to the Hispanic vote, whites will stay home.

If you destroy your base’s trust in government, by passing yet another 2000 page bill no one has read, Republicans will stay home.  Republicans are too busy working and raising a family to waste their time voting for a bunch of cynical, lying politicians.

President Bush let down his base by spending money like a drunken sailor.  They stayed home.

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Giving Up the Identity of Navy Seals for Politics
 

The taking down of Bin Laden wrongfully exposed these national heroes.

Vice President Joe Biden and ex-U.S. Defense Secretary Leon Panetta were sued by the parents of Navy SEALs, who accused the officials of exposing their sons to retaliation by publicizing their unit’s role in the raid that resulted in the death of Osama Bin Laden.

The men were killed in an Aug. 6, 2011, attack on their helicopter, three months after the bin Laden raid, according to a complaint filed yesterday in federal court in Washington. The parents, seeking more than $200 million in damages, accused Biden and Panetta of revealing the team’s involvement for political purposes before the 2012 presidential election.

“The hard reality is that Biden and Panetta are alive ‘feasting’ on their ‘political notoriety,” power and wealth, while the brave heroes who gave their lives for our nation’s security are dead, thanks to them!” Larry Klayman, an attorney for the family, said in a statement on the filing.

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