Pragmatists are the new bigots

White people are a pretty crummy bunch.

At least that’s what I gather from the Unofficial Survival Guide published by students at Scripps College in California.

The 217-page book is billed as a by students, for students publication meant to help new arrivals navigate college life.

Compiled by more than 40 students, the guide makes it clear that white students should be comfortable being blamed for racism throughout history and accept that some minorities have the right to hate them.

“Anger is a legitimate response to oppression, as is sadness, fear, frustration, exhaustion, and a general distaste or hatred of white people,” the book says.

White privilege, the guide informs students, is “the set of unearned benefits white people gain as a result of systematic racism and discrimination.” And because of white privilege, even white students who suffer the abuse of “other forms of institutionalized oppression like ableism, classism, sexism, homophobia, and transphobia” still don’t have it as badly as minority students.

Immigration officials released thousands of violent criminals into the nation last year

The conservative Center for Immigration Studies says U.S. immigration officials released “deportable criminal aliens from its custody at an alarming rate in 2015,” including some convicted of robbery, rape and murder.

According to government figures analyzed by the organization, Immigration and Customs Enforcement let released 19,723 criminal aliens in the United States over the course of the year. Because of the 64,197 convictions shared between the group of illegal immigrants, ICE had the authority to deport the individuals.

DUIs made up the largest portion of the convictions, totaling 12,661. Remarkably, 8,234 of the convictions were for serious violent crimes. ICE released at least 208 convicted murderers and 900 illegal immigrants convicted of sex crimes.

ICE doesn’t seem to see the problem. In fact, the agency is touting the fact that it released around 500 fewer convicted criminals last year than in 2014.

The U.S. Economy Officially Joins The Global Economic Slowdown – 1st Quarter GDP Comes In At 0.5%

Slow Down - Public DomainEven the government is admitting that the U.S. economy is slowing down.  On Thursday, we learned that U.S. GDP grew at just a 0.5 percent annual rate during the first quarter of 2016.  This was lower than analysts were anticipating, and it marks the third time in a row that the GDP number has declined compared to the previous quarter.  In other words, GDP growth has been declining for close to a year now, and this lines up perfectly with what I have been saying about how the second half of last year was a turning point that plunged us into the early chapters of a brand new economic crisis.  And as you will see below, the official GDP number is highly manipulated, and the way that it is calculated has been changed numerous times over the years.  So the bad number that is being reported by the government is actually the best case scenario.

DOJ ordered to seriously consider smart gun use

President Barack Obama is quietly continuing his beleaguered gun control crusade this week, demanding that the Department of Justice begin taking a serious look at how widespread implementation of so-called smart gun technology might work.

DOJ, on Friday, will begin seeking public input about the viability of the technology, which is designed to render firearms incapable of unauthorized use, as part of the president’s Plan to Reduce Gun Violence.

From Justice: “The President is directing the Attorney General to work with technology experts to review existing and emerging gun safety technologies, and to issue a report on the availability and use of those technologies. In addition, the Administration will issue a challenge to the private sector to develop innovative and cost-effective gun safety technology and provide prizes for those technologies that are proven to be reliable and effective.”

The $20 terrorist

The $20 bill is getting a new face, Treasury Secretary Jack Lew announced last week. Relegated to the back of the bill is President Andrew Jackson. The new “face” of the $20 will be Harriet Tubman.

Spouting politically correct (and highly exaggerated) court history, CNN dutifully declared:

Tubman, who died in 1913 at the age of 91, escaped slavery in the south and eventually led hundreds of escaped slaves to freedom as a “conductor” of the Underground Railroad. After the slaves were freed, Tubman was a staunch supporter of a woman’s right to vote.

“What she did to free people on an individual basis and what she did afterward,” Lew said. “That’s a legacy of what an individual can do in a democracy.”

Fracking is Big Oil’s latest price gouging tool

I recently watched the documentary “Gasland.”

It’s about fracking. I recommend it, regardless of your view on the technology. It’s a clear view of the opportunities and risks of the current fracking boom in the U.S.

But the most compelling observation for me in the entire documentary was a financial analyst who discusses what the fracking boom represents to Big Oil, OPEC, the whole shebang.

But before I explain, I want to assure you, I had no agenda when I watched this.

I have built, written and edited many energy and utility financial products over my time. I know the businesses and appreciate their efforts to grow an industry and be competitive.

My backstory on this issue started about five years ago, when I had to work with a couple folks in Scranton, Pennsylvania on a project.

The Future Of America? – More Than Half Of All U.S. Adults Under Age 30 Now Reject Capitalism

Young People Abstract - Public DomainA shocking new survey has found that support for capitalism is dying in America.  In fact, more than half of all adults in the United States under the age of 30 say that they do not support capitalism at this point.  You might be tempted to dismiss them as “foolish young people”, but the truth is that they are the future of America.  As older generations die off, they will eventually become the leaders of this country.  And of course our nation has not resembled anything close to a capitalist society for quite some time now.  In a recent article, I listed 97 different taxes that Americans pay each year, and some Americans actually end up returning more than half of what they earn to the government by the time it is all said and done.  So at best it could be said that we are running some sort of hybrid system that isn’t as far down the road toward full-blown socialism as most European nations are.  But without a doubt we are moving in that direction, and our young people are going to be cheering every step of the way.