Let's see where I left off on The American Jobs Act. May as well read it Congress is on vacation 24/7 these days.

Subtitle D -- Repeal Oil Subsidies


...Sec. 434.  Section 199 Deduction Not Allowed With Respect to Oil, Natural Gas, or Primary Products Thereof



Section 199, Internal Revenue Code of 1986, as amended (click here)
The “Domestic Production Deduction”
Jack C. Butler, Esq.


Hm. This is interesting. The WTO ruled against the narcisstic laws of Republicans to prevent taxation of domestic oil and gas production. But, in retaliation the Bush/Cheney Republican Congress in 2004 circumvented the WTO ruling. Well, that isn't nice at all. Predictable, of course. Nice, no.


In 2004, to ameliorate the repeal of a tax benefit for U.S. exporters (in response to a World Trade Organization ruling that the "extraterritorial income exclusion" violated international trade laws), Congress created a new deduction for U.S. businesses. The deduction, allowed by Code Sec. 199 for both the regular tax and the alternative minimum tax (AMT), doesn't have an official taxcode name. It's been referred to as "the U.S. production activities deduction," the "domestic production deduction," and the "domestic manufacturing deduction."  It appears that from the literature “domestic production deduction” is the more prevalently used name.  Throughout this presentation we will call the deduction the “199 deduction”.


The 199 deduction is allowed to all taxpayers - - individuals, C corporations, farming
cooperatives, estates, trusts, and their beneficiaries. The deduction is allowed to partners and the owners of S corporations (not to partnerships or the S corporations themselves), and may be passed through by farming cooperatives to their patrons. And, it's fully available to taxpayers who don't export.


Oh, dig this, the deduction goes up instead of down. I would think the largest investment period is the beginning, yes? Yes. But, that isn't the way it is structured. Oh, wait a minute. Oh, how tricky can the Republicans be?


-for years 2005, 2006:  3% of lesser of (a) qualified production activities income      
or (b) taxable income for the taxable year.
·  for 2007 through 2009:  6% of lesser of (a)  qualified production activities 
income or (b) taxable income for the taxable year.
·  for 2010 and beyond:  9% of lesser of (a) qualified production activities income      
or (b) taxable income for the taxable year.


Why provide all the deduction in the first year? The first year is when the costs without deduction can be taken off the income. So, by deferring the deduction to later years, the petroleum industry maximizes it's first year expenses as leveraged against incomes and then takes greater deductions when costs are down. How very, very clever.


This is an offset, so it is to increase the monies received and/or kept by the USA Treasury. This is more of the subsidies received by the petroleum industry. It is amazing the monies this industry DOES NOT pay to the USA Treasury on domestic production of land 'the people' lease to them.


Section 434 reads:



(a) In General.—Subparagraph (B) of section 199(c)(4) of the Internal Revenue Code of 
1986 (relating to income attributable to domestic production activities) is amended--

SEC. 199. INCOME ATTRIBUTABLE TO DOMESTIC PRODUCTION ACTIVITIES. (click here)

(c) QUALIFIED PRODUCTION ACTIVITIES INCOME- For purposes of this section--

(4) DOMESTIC PRODUCTION GROSS RECEIPTS-

(B) Exceptions.--Such term shall not include gross 
              receipts of the taxpayer which are derived from--
             (i) the sale of food and beverages prepared 
                 by the taxpayer at a retail establishment, 
             (ii) the transmission or distribution of 
                 electricity, natural gas, or potable water, or
             (iii) the lease, rental, license, sale, 
                   exchange, or other disposition of land.

(1) by striking “or” at the end of clause (ii),
(2) by striking the period at the end of clause (iii) and inserting in lieu thereof “, 
or”, and
(3) by adding at the end thereof the following new clause:
“(iv) the production, refining, processing, transportation, or distribution of 
oil, natural gas, or any primary product (within the meaning of subsection (d)(9)) 
thereof.”.

Section 434 removes the deductions for all the above without exception. The petroleum industry, especially when fracking uses huge amounts of water. They take that as a cost to production, so there is absolutely no incentive to use less water. Rather, there is an incentive to use more than necessary to increase cost ratios over production incomes. So, all those incentives to use our natural resources with abandon for profits is returned to the treasury. The American Jobs Act innocently believes all the water, etc., cited by the petroleum industry as a necessary expense is HONESTLY required. Or, in sophistication actually sought to end the exploitative use of same. I have to consider the fact this is to pay for the increase in support of jobs, so I have to go with the idea the Jobs Act actually believes the petroleum industry honestly reports. Hm.

Sec. 435.  Repeal Oil and Gas Working Interest Exception to Passive Activity Rules



That just ends everything on New Years Eve 2012

Sec. 436.  Uniform Seven-Year Amortization for Geological and Geophysical Expenditures

(a) In General.—Paragraph (1) of section 167(h) of the Internal Revenue Code of 1986 

(relating to amortization of geological and geophysical expenditures) is amended by striking “24-month” and inserting in lieu thereof “7-year”.

Maybe I covered this section before, but, it extends the 24 month (2 years) to 7 years, hence lowering the amount of deduction annually. Two years is ridiculous. That is a frank gift to the petroleum industry.

Sec. 437.  Repeal Enhanced Oil Recovery Credit


Self explanatory through New Years Eve 2012. See these credits are suppose to give incentive to the activity. Let me ask this, "Does anyone believe the petroleum industry WON'T recover oil?" Could BP make it more clearer that every drop of the oil recovered from the Deepwater Horizon will go to USA shores? Honestly, now does the petroleum industry actually need an incentive?


Sec. 438.  Repeal Marginal Well Production Credit


Oh, this one is beautiful. MARGINAL WELLS is what hydrualic frackering is all about. Hello? Do we want fracking? Do we care about marginal wells? Do we as a country give a flyin' hoot if the lousy stuff is left in the ground? NOOOOoooooooo........ 


Do we actually believe the petroleum industry WON'T FRACK without this incentive? NOOOOooooooooooo..........


I'll pick up with Subtitle E of Title IV next.

US House Rep. Buck McKeon voted for the military cuts in the budget ...

...because he never believed they would actually happen.   : )


Now, McKeon is trying to scare everyone by saying there will be 1.5 million jobs lost of those cuts happen.


Hm. They must be with NASCAR.

Congressman Howard P. “Buck” McKeon, (click title to entry - thank you) Chairman of the House Armed Services Committee, accepted the prestigious Eisenhower Award last evening. Given by the National Defense Industrial Association, the award recognizes leaders “in support of the military services and other security-related agencies.” Past recipients include former Chairmen of the Joint Chiefs of Staff Richard Myers and Colin Powel, General David Petraeus, and former HASC Chairman Ike Skelton.

Sour Grapes.

...Why did he do it? (click title to entry - thank you) Because he carries two identities. Jurisprudentially, he is a constitutional conservative. Institutionally, he is chief justice and sees himself as uniquely entrusted with the custodianship of the court’s legitimacy, reputation and stature....


The Political Right Wing derives its' identity from the past, the decisions regarding the individual began with the Burger Court. Previous to the Burger Court there was little recognition of how a minority as small as one citizen mattered to the outcomes of the laws of the USA. 


The Right Wing likes to use labels to simplify their ranting and call this liberalism. The USA Framers were individuals, they were few compared to the number of House and Senate members today, but, they carved out an understanding of the rights of individuals from their first words in Amendment One.


The Affordable Care Act recognizes the rights of individual citizens to hold their health in esteem and receive assurances they can protect their own lives. That is the greatest right of any citizen in the USA. The act is complicated because health care is complicated. There are numerous checks and balances throughout the Affordable Care Act. It seeks to understand the health care needs of the individual in this country. It has many panels charged with the task of reviewing records of life and death while improving on the outcomes of all diagnosis and diagnostics. The Affordable Care Act is incredibly important to the vitality of this country and to that end the five Justices wrote an opinion to support the new law while honing its rough edges.


The practice of law is as much an art as a science, if not more of an art than a science. The semantics of language was obviously not important when, in the opinion, of the Political Right Wing, the word 'fee' was not a tax when listed on a form used by the USA IRS to collect taxes since 1861 Sixteenth Amendment.


There was nothing political about the opinion by the five justices of the Supreme Court, there was deep political reasoning in the decent. Justice Roberts has backed the law because the brevity not to was staggering. In the opinion of the Political Right Wing the wellness of citizens and the lack of health insurance by more than 10% of the population was ludicrous and continues to be so. 


The responsibility of the USA Constitution is to uphold the sovereignty of the USA. Well, hell, if health of the citizens and the vitality of the nation isn't a sovereign issue don't ask me what is. The responsibility of the Supreme Court is to uphold the depth of the USA Constitution and its brevity to the citizens of the USA. In a day when there exists an overtly hostile Plutocracy in the USA intent on carving out every advantage to it's bottom line the citizen has to be placed as a center piece to the laws of this country in order to have them survive.


Everyone wants to dance the political hoedown when in fact the so called Liberals carved out huge reliance on capitalism in their majority decision. The majority opinion ruled to uphold an individual mandate which the insurance industry dearly loves and strike down the requirement to expand Medicaid which the insurance industry despised from the beginning. The audacity to think this majority hasn't improved the bottom line of capitalism in the USA is a desperate political agenda.


The idea the Supreme Court has to hold a political loyalty to a Right Wing out of control of their own moral compass is ridiculous above all else. God forbid the Supreme Court should do the right thing as if the original framers never demanded the same from them. The decision to uphold The Affordable Care was morally correct as well as correct in honoring the original document from the beginning of the nation. 


I haven't read the analysis which states, three ladies on the court has definite impact on the integrity of our nation as well as our Constitution. This session has been a blow to the macho persona of the court. It shows in most all the decisions since this session began. The change is refreshing and welcome.

From the White House website today.

Dan Lungren is not for real.

He stated the subpoenas before the Justice Department is about terrorists? To begin, that is Homeland Security. There is nothing introduced at all about terrorist activity involved with this? I don't believe Lungren can assure jurisdiction under that standard.


5:00 PM on the House floor: Issa just admitted he subjugated the hearings regarding the priorities of the ATF agents in regard to gun control to protect the agents as brought forward by the minority members. That is the problem here. Issa conducted a political agenda at the cost of the American people while subjugating the authority of committee to come to conclusions to legislate to protect the agents and hence the American people. There is continued violence in Mexico due to continued traffiking of weapons and Issa stands in the way of resolving that.


Rep. Laborador's priority is wrongly applied if there are agents before the committee sincerely interested in their own protection and their peers. A House Committee is not suppose to postpone the proper legislation to protect the nation by extending reading sessions of classified documents. If there are only 5% of the documents provided the list may be inappropriate. The need for hearings to develop legislation to protect the nation isn't suppose to be overburdened by unnecessary hunting for reasons to act. The delay in obtaining the needed facts is the fact of the lack of leadership in the House. The majority is divided with a minority of freshman seeking to scrutinize the record rather than obtain the facts and legislate.


Testimony means something. It costs real money to bring agents from the field to testify before the House. Issa is wasting everyone's time. Let's just say the program was signed off by the Justice Department. Basically, so what? The standard of operation was already set before the previous administration. The death of Officer Brian Terry ended the program. Authorizing a program does mean the Justice Department carried it out, it means there was funding for requests from ATF. The entire focus is ridiculous and political. The focus by Issa has not satisfied the needs of the agents in the field and leaves the USA vulnerable to violence and drugs from Mexico across the USA border. It is outrageous what has happened here and it isn't the fault of the Justice Department. The House nor Senate has legislated the necessary law to protect the nation and our agents. 


There has been one death. One unfortunate death, but, it has brought to light the need to act and not delay the protection of Americans and our agents. It is time the House actually listens to the needs of the ATF and the Border Patrol rather than standing in the way of them.

President Obama's Bilateral Meeting with President Calderón of Mexico

There is no information to give up relevant to knowing the facts. The error made early in the investigation when the topic was new to the Justice Department has been admitted and corrected. There is nothing to prove. 


President Obama has the right to Executive Privilege for obvious reasons. 


Perhaps the USA Republicans need the help of Murdoch's phone hacking office to get to the  REAL truth about AG Holder.


The desperation of the Arizona ATF was obvious, but, they don't hold anyone responsible for the bleeding of weapons to Mexico from the USA except THE LACK OF LAWS to prosecute those guilty of the crimes. The ATF agents want to stop this hideous killing in Mexico, but, the laws available to them are weak. If that sounds like there needs to be tighter gun laws then that comes from the needs of American Agents and their reality in the field in trying to protect the American people from cartels determined to market their illegal goods in this country.


Issa never focused on what was important, but, with the assistance of the political activists at Murdoch's media, the focus fell to political aspirations facilitated by a tragic death of a Border Agent as brave as the any at the ATF trying to protect the people of this country.


Now, either Issa wants to get down to the reasons why Border Officer Brian Terry died in the first place and legislate real laws to protect men and other agents like him or he wants to be scored well by the National Rifle Association !

Congressman Steny Hoyer is correct.

The Issa investigation to the gun walking charges were seriously flawed.


A journalist has conducted a more thorough investigation than Issa. Katherine Eban didn't need emails to bring real facts to the public.

Fortune magazine reporter Katherine Eban reveals details of her “Fast and Furious” investigation that finds gun walking “proof” unreliable. (click title to entry - thank you)

Eban says, “After six months of investigation, what became clear to me is that the things that Congress was holding up as centerpieces of proof that guns had been walked were, in fact, misconstrued, incorrect, resulted from other motives, other reasons, that there were alternate explanations and that really, this was a case of cherry picking, you know, small phrases, sentences, without any of the context really that you need in order to understand what actually happened in Phoenix Group Seven.”...


Rep. Hoyer pointed out any other contempt hearing before the House took the 87 days in average to reach the floor. Time to allow the House members to prepare for the hearing and understand not only the charge, but, the facts. This is a railroading of AG Holder.

I watched the hearings, Issa never looked for the applications of the ATF activities, he was looking for reason for impeachment. He wanted documents and nothing more. He harassed the AG even when the Assistant AG testified it was not good enough. Issa never called the agents involved to the House floor.


...Ten weeks later, an ATF agent named John Dodson, (click here) whom Voth had supervised, made startling allegations on the CBS Evening News. He charged that his supervisors had intentionally allowed American firearms to be trafficked—a tactic known as "walking guns"—to Mexican drug cartels. Dodson claimed that supervisors repeatedly ordered him not to seize weapons because they wanted to track the guns into the hands of criminal ringleaders. The program showed internal e-mails from Voth, which purportedly revealed agents locked in a dispute over the deadly strategy. The guns permitted to flow to criminals, the program charged, played a role in Terry's death....


The scandal was never going to have the substance enough to bring down the Obama White House so it became a focused effort to 'find a way' to discredit the Holder Justice Department with Right Wing Senators likes Brown demanding his resignation. There was never an adequate investigation by the House. When the Assistant Attorney General said there never was reason for a Special Prosecutor it should have ended, but, the end game was political and not ethical or moral. Unfortunately, the Terry family has been put into the Republican meat grinder and this is the result.


There is no basis for contempt. The guns were not provided by ATF, they were purchased and tracked. So, the facts, even as Issa reports them to the media is incorrect. A contempt of congress charge has to be backed by facts and Issa himself hasn't put forward anything as proof beside rhetoric.


There is a lot more than 200 Mexicans dead and the USA didn't pull the trigger.

Thank you. The Supreme Court has returned the priority of the citizen.

The citizen is paramount to the authority and sovereignty of the USA. 


This is a great moment for all of us. 


Thank you.


There is some discussion about the mandatory expansion of Medicaid being ruled out. There are other methods of achieving the same goal. The participation can be an incentive. I think the Secretary of Health and Human Services can carry that out. There have been statutes in the past which can apply as an incentive to participation.


The states need incentives and guidelines from the Secretary to develop the State Exchanges.

Healthcare to create 5.6 million new jobs by 2020 (click title to entry - thank you)

Tomorrow is Republican Super Thursday.

It is where they dance on the grave of the Affordable Care Act while carrying out a no confidence vote on AG Holder.


This is the very latest about Voter ID from Dennis Miller, "They are making way to much of this all anyone needs is a Netflex card for cryin' out loud."..."The people without picture ID are either too old or gaming the system."


So, tomorrow is the day when Republicans take over the majority of the government this November. "Dominate Or Bust!"


The Republicans are sincerely nasty, if Miller is an example. He stated, what bothers him a great deal is the fact the people unable to obtain photo ID probably have proper ID for their welfare, food stamps and Medicaid. Mr. Miller obviously doesn't know these people because his basis for discrimination is baseless. The people on survival funds in the USA have to prove they are living in the district of which they are applying. They can qualify with a letter from the relative they are staying with. Social Workers usually follow up on all that on the local level. 


The financial records required to purchase merchandise at a big box store is very different than when people without a financial institution pay in cash. Miller has no argument to back up the corruption of the party he claims knows how NOT to govern.

Tagg Romney is absolutely correct, they are simply biding their time. Republican corruption of the American democracy.

Romney doesn't have to run, he has to be on the ballot and show up for work.


The Republicans don't care about Americans or America. They are not working for jobs for Americans, they are working for themselves.


From "The Grio"


...Pennsylvania state House Republican Mike Turzai (click title to entry - thank you) got very candid in a speech to the state’s Republican committee. He said that newly passed voter ID laws would allow Mitt Romney to win the state of Pennsylvania. Politics PA reports Republicans cheered, but his remarks hit a nerve with critics of this kind of legislation, who considered Turzai’s claim an admission that the laws are an obvious effort to suppress Democratic voters....

Typical to these systems, "Debbie" skipped over land and reorganized in the Atlantic.

June 26, 2012
1730.00z
UNISYS Enhanced Infrared Geostationary East Satellite (click title to entry - thank you)

June 26, 2012
1730.00z
UNISYS Visual Southeast Satellite 


These are the remnants of the system. Some kind of remnants, huh?


Thousands told to stay home as Debby's floods hit Florida, Georgia (click here)

"You go around once, may have take on impeachment. That was the goal in the first place after all."

Impeachment of President Obama with a House Republican majority has always been the goal. The death of Border Patrol Brian Terry was never the most important aspect of Issa's attack dog venture.

The circumstances surrounding Mr. Terry''s death has already been addressed, the program has been stopped. The only reason Issa has to go forward is to attack the President and his cabinet. What does Issa hope to prove? He knows who provided misinformation to the House Committee and the information has been restated. President Obama is correct and he does not have to preoccupy his daily priorities with Issa's rantings and Speaker Boner's aspirations to the Executive Office through default. Why settle for Obama, there needs to be a plan for the Vice President, too.

By LARRY MARGASAK
Associated Press
June 26, 2012


...Obama's claim broadly covers administration documents about the program called Operation Fast and Furious, not just those prepared for the president. But Rep. Darrell Issa, R-Calif., chairman of the House Oversight and Government Reform Committee that recommended the contempt charge, maintains the privilege is reserved for documents to and from the president and his most senior advisers....

Who knew Syria was at Defcon 5?

Syria reacted far too quick without any diplomatic confirmation regarding the incident. A country never wagers their military has done the right thing in an isolated incident. 

The Turkish jet was a single incident and Syria never bothered to confirm it was an error. Simply shooting down another country's jet without confirming hostile intent or establishing a warning to a repeat offense is dangerous business. 

I'm telling you Assad is looking for a larger scale war, it is the only way out for him. If he can justify being attacked, anything goes and he'll call upon Russia and China to engage NATO in hostilities. Right now Assad is cornered into his own reality and the only way out is to seek a larger war in hopes to win. He knows he is defeated, he is looking for a way out of his own creation. I think of him as a wildcat pacing the cage.

Selah Hennessy

June 26, 2012

LONDON - NATO member states have condemned Syria for shooting down a Turkish military jet last Friday.  Speaking Tuesday, NATO chief Anders Fogh Rasmussen called the action "unacceptable." 

Rasmussen spoke at a news conference in Brussels after a meeting of the ambassadors from NATO’s 28 member states.

During the Brussels meeting, Turkey outlined its account of last Friday’s incident.

Turkish officials say the military jet was an unarmed plane on a training mission and was flying above international waters when it was shot down. Damascus says it acted in self-defense after the plane entered Syrian airspace.

Rasmussen said that NATO stands in solidarity with Turkey.

"It is another example of the Syrian authorities disregard for international norms, peace and security and human life," said Rasmussen....

How many co-anchors has Matt Lauer had?

He has been with the Today Show since January 1994.


Ann Curry started with the Today Show in 1997 and anchoring since 2011. It would seem as though Lauer can outlive any woman in the business.


Lauer has seen three women co-anchors since taking a seat on the Today Show. Katie Couric started her debut in 1991 with Bryant Gumbel. Katie left in 2006 and was replaced with Meredith Vieira in 2006.


I do remember a rather bruising interview with Meredith where she stated working with Lauer was more than difficult. Now there is speculation Ann Curry can't withstand the it either?

I really think NBC needed to examine their motives in demeaning Ann Curry in such a short stay at the Today Show and why women don't have good experiences co-anchoring with Lauer. If I was Curry I'd hold the network responsible for every dime they owe in the contract and then some considering this is causing some diminished image.


This is crazy, Curry can't even get a foothold before egos are pushing her out the door. Anyone thinking of replacing Curry must be giving the possibility a second, third and fourth rethink before engaging the commitment.

By Rene Lynch

June 25, 2012, 2:12 p.m.

Ann Curry is reportedly (click here) getting at least $10 million to leave "Today," the nation's No. 1 morning show.

If TMZ's "network sources" are correct, Curry will find herself amid the ranks of millions of Americans who are out of a job, albeit with a nice chunk of severance thanks to a three-year contract guaranteeing her that amount annually....

The Supreme Court stated Congress has been negligent in their responsibility to legislate.

There is nothing enforcing racism. The law "paper please" is simply saying law enforcement officers can't be intimidated in asking for confirmation of the legal status of citizen. The "Paper Please" provision is not license for racial profiling. A person has to be stopped for other reasons in order to be legally assessed for citizenship status. Or better said, legal standing in being in the USA.


The Supreme Court saw the borders of the USA as a single entity. They viewed it as an obligation of the federal government to enforce the laws regarding immigration. I suppose. The "Papers Please" section admits there is an interest by other law enforcement in the immigration issue and to that end there is a State's Rights agreement. In other words, catching those breaking the law often falls on the shoulders of law enforcement other than federal authorities.


I don't believe there is anything unusual in this decision. It maintains the status quo. It clearly states racial profiling is not a legal standard, however, if a person is stopped for other legitimate reasons, their legal citizenship can be questioned. That happens when a police officer stops anyone for driving a car carelessly or too fast in a speed zone. The person has to provide a qualifying license when stopped by the officer. They have to provide that upon request. So, there isn't anything here that is a radical departure from current law. It simply states the authorities of police and those enforcing the laws including judges in court can ask for proof of citizenship. The Supreme Court decision doesn't remove the right of any authority outside the federal system to ask.


I always carry a USA Passport anyway. It is a habit. It is handy, too. But, there is a cost requirement that might be difficult for some citizens to overcome so it is not the best method of identification for every citizen. I never have problems offering a Passport as identity when asked.


The Congress is negligent. There needs to be immigration reform, the border of the USA south has been problematic and people have been in the country illegally for a long time. They have worked, contributed to the tax structure of the country, paid into SSI and grew families. These children are now adults. 


That status of illegal immigrants crossing the USA southern border is far different due to the fact it is unenforceable to simply find them and remove them. We know a full one third of illegal immigrants have gone on to achieve a Green Card and legal status. I think that is the precedent. If a third of all illegal immigrants achieve citizenship over time that is definitely a precedent. That is not a minor reality. Laws have to reflect that precedent.


The Legislative Branch of the USA needs to legislate and they haven't because it is a delicate topic for the political Right Wing. They have no guts to stand up to their constituents and state honest people do come to the USA and provide good service to the country. We know the illegal immigrants coming to the USA are desperate to leave behind poverty. Now, enters human rights. This is not difficult to legislate.


The only way the USA is going to solve the southern border illegal immigration issue is to work with Mexico to improve the quality of life for citizens, abolish the drug wars. That standard is not an easy achievement. Due to that these illegal immigrants, unless they are part of the drug cartels or here for illegal reasons other than seeking work and life, are refugees, quite frankly. If these people are viewed as refugees, the problem solving will change. So long as the USA legislators simply see this as a law enforcement problem to pick up the illegals and send them back on the next bus, nothing will change. 


The experience of the illegal alien in the USA is very different than simply a person who is here illegally, can be found and returned. The experience of these people, even the ones coming from as far as South America passing through nation after nation on foot, sometimes carrying children, is a matter of taking refuge from poverty and sometimes from violence. When those realities are finally assigned to the people who cross our borders illegally the problems will start to be solved. Until that happens we'll have nonsense like this go on.


President Obama won his court case. The "Papers Please" ruling is nothing unusual. I simply maintains status quo.

The National Rifle Association employs intimidation before Congressional Vote.

There is absolutely nothing regarding policy that would impact the NRA members in this vote. This is suppose to be about the death of a Border Patrol Agent and a false statement of which the ATF Chief already has declared the 5th Amendment. I am confident AG Holder is aware of the position of the leadership at the ATF. It sounds like a culture problem that may very well place liability on the department if the Director's 5th Amendment rights are violated. I don't believe any of this is as straight forward as Issa wants everyone to believe.

The National Rifle Association (NRA) (click title to entry - thank you) will score a House panel vote to hold Attorney General Eric Holder in contempt. 

The NRA has longstanding issues with Holder, something it said was "no secret" in a letter the group wrote to leaders of the House Oversight and Government Reform Committee announcing its decision....


The Obama Administration did not go into office intending to overthrow the government. As a result some of the Bush programs remained intact and the gun walker programs were one of them. They had been in existence from 2005. There was no reason to stop a three year program until it was proving to be dangerous. When that occurred the program was ended. Ending and ATF program is a significant result.


I am sorry the Terry Family believes there is something the government is hiding, but, there has been recognition of the dangers of this program and it was ended. Certainly, the Terry program doesn't believe their son was murdered by his own peers? Or there was intention for him to be killed in any way.


Border Agent Terry was a very brave man intending to carry out his job by entering a very dangerous territory where cartel members were known to be organized with weapons. Is there concern the Border Agents didn't know about the ATF program? That is a different question and the ATF Director needs to speak to that directly. But, he has the right not to answer those questions and the department has the right to deny access to records compromising their operational integrity. So, I don't see this is an issue with clear understanding as to what the Terry Family believes anyone is hiding. I also don't understand what they understand will result at their insistence. The program stopped. They were instrumental in that. I am confident there are families in the USA regarding operations in Afghanistan that had the backing of the Republican Congress to investigate, such as Pat Tillman, but that doesn't happen either.


I don't believe the NRA is representative of the industry and they are seeking to corrupt a Congressional vote.


The actual industry is more than happy to end the exploitation of their products causing disruption in the peace in Mexico by drug cartels. So, what is the NRA trying to achieve?

Firearms Industry Statement on ATF Leadership Change (click here)

August 30, 2011 

By Larry Keane 

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The National Shooting Sports Foundation (NSSF) – the trade association for the firearms industry – responded to the White House nomination of U.S.Attorney the District of Minnesota B. Todd Jones to lead the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) with the following statement:

As the ATF begins its leadership transition with the appointment of U.S.Attorney.  Todd Jones to serve as the bureau’s acting director, NSSF looks forward to meeting with Mr. Jones and to continuing our industry’s cooperative relationship with ATF in helping them to curtail the illegal acquisition and misuse of firearms. Though NSSF is still reviewing Mr. Jones’ record on Second Amendment-related issues, NSSF hopes to find in him an effective leader who can move the ATF forward and be supportive of the bureau’s cooperative relationship with America’s firearms industry.

One example of this cooperative relationship is the ATF-NSSF anti-straw purchasing campaign called Don’t Lie for the Other Guy – a program that educates retailers on how to better detect and deter illegal purchases of firearms and warns the public that it is a serious crime to attempt such an illegal purchase.

Forbes is delusional. The Housing Market in China is transient. It is a communist nation.

Do capitalists have a clue? I am serious. Capitalists actually expect a housing market in China? Should someone tell them?

They have no connection to the real world. They should make a study of what occurred when China built the Three Gorges Dam and where people lived then as opposed to where they live now. There was no Eminent Domaine, payments to property owners or mass building of new suburbia. Hello?


What Forbes is bemoaning is a speed bump in the road of a global economy. It nearly isn't noticeable. 

China’s housing bubble (click title to entry - thank you) is still getting the wind knocked out of it.  Real estate prices fell to a 16-month low in May as officials pledged to keep property curbs that have sapped demand, according to SouFun Holdings Ltd, owner of the nation’s biggest real estate website.

China’s deflating real estate bubble is more ala Japan than it is similar to the U.S.  Japan’s real estate bubble inflated in the 80s before losing nearly 60% of its value within a decade.

In China, homes are declining slowly.  The fell just 0.3% from April to 8,684 yuan ($1,364) per square meter, SouFun said in an e-mailed statement on Friday, based on its survey of 100 cities in the country....

WillardMitt Kardashian throws a party, could prosecutions follow?

Let's say Mitt Kardashin has broken the law. He and Rove believe as soon as the Presidency is bought and he takes office, Mitt can provide pardons for everyone. 


Do I detect Scooter Libby nearby?


No one can accuse him of slumming.

...The unprecedented scale (click title to entry - thank you) of the gathering earned it the nickname Romneypalooza, where fundraisers from the worlds of business and finance came to mingle with party elders, campaign strategists and with the candidate himself.

The event triggered a new round of betting in the so-called "Veepstakes", since it showcased several of the politicians being vetted as potential vice-presidential candidates. The current front-runner, Ohio Senator Rob Portman, was there. His appointment could help Mr Romney win that crucial swing state. Former Minnesota Governor Tim Pawlenty was also speaking. Invitations went out to donors who have given $50,000 or who are planning to bundle together contributions of $250,000 or more from their associates....

"Morning Papers" - Its Origin (click title to entry - thank you)

The Rooster
"Okeydoke"

"Good Night, Moon"

Waxing Crescent Moon


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