Next Article Will Be Published On October 25

This second article has to be finished because it will be a reference point for future entries.

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Robber Baron Capitalism in Four Lessons – Part III: The Report on the Manufactures Revisited

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“In the days of Henry Clay, I was a Henry Clay-tariff-man and my views have undergone no material change on that subject.”

Letter from Lincoln to Edward Wallace, May 12, 1860

“During my whole political life, I have loved and revered Clay as a teacher and leader.”

Lincoln, July 6, 1852

“Give us a protective tariff, and we shall have the greatest nation on earth.”

Lincoln, 1847

“Such are some of the items of this vast system of protection, which it is now proposed to abandon. We might well pause and contemplate, if human imagination could conceive the extent of mischief and ruin from its total overthrow, before we proceed to the work of destruction. Its duration is worthy, also, of serious consideration. Not to go behind the Constitution, its date is coeval with that instrument. It began on the ever memorable 4th day of July the 4th day of July, 1789. The second act which stands recorded in the statute book, bearing the illustrious signature of George Washington, laid the cornerstone of the whole system. That there might be no mistake about the matter, it was then solemnly proclaimed to the American people and to the world, that it was necessary for “the encouragement and protection of manufactures,” that duties should be laid.

[…]

Mr. Hamilton, surveying the entire ground, and looking at the inherent nature of the subject, treated it with an ability which, if ever equalled, has not been surpassed, and earnestly recommended protection.”

Henry Clay before the United States Senate on the National System, February 2, 3, and 6; 1832

“If the system of perfect liberty to industry and commerce were the prevailing system of nations—the arguments which dissuade a country in the predicament of the United States, from the zealous pursuits of manufactures would doubtless have great force. It will not be affirmed, that they might not be permitted, with few exceptions, to serve as a rule of national conduct. In such a state of things, each country would have the full benefit of its peculiar advantages to compensate for its deficiencies or disadvantages. If one nation were in condition to supply manufactured articles on better terms than another, that other might find an abundant indemnification in a superior capacity to furnish the produce of the soil. And a free exchange, mutually beneficial, of the commodities which each was able to supply, on the best terms, might be carried on between them, supporting in full vigour the industry of each. And though the circumstances which have been mentioned and others, which will be unfolded hereafter render it probable, that nations merely Agricultural would not enjoy the same degree of opulence, in proportion to their numbers, as those which united manufactures with agriculture; yet the progressive improvement of the lands of the former might, in the end, atone for an inferior degree of opulence in the mean time: and in a case in which opposite considerations are pretty equally balanced, the option ought perhaps always to be, in favour of leaving Industry to its own direction.

But the system which has been mentioned, is far from characterising the general policy of Nations. The prevalent one has been regulated by an opposite spirit.

The consequence of it is, that the United States are to a certain extent in the situation of a country precluded from foreign Commerce.”

Alexander Hamilton, The Report on the Manufactures, December 1791

Continue reading “Robber Baron Capitalism in Four Lessons – Part III: The Report on the Manufactures Revisited”

Trump Cages The Two Great Lovers, Mueller & Comey

If the game Trump was playing was obstruction of justice (not collusion) then it’s Mueller and Comey who have the legal problems.

And I assert this with confidence as one who has – and who will continue to in this article – argued all along the FBI has created a legal fiasco for itself.

And all this superb content done without myself bothering to give you, the reader, analysis of the convoluted legal facts.

As I predicted back in May of 2017, Comey never had evidence of collusion with Russia.  His real plan to threaten Trump with impeachment (and then launch a Comey 2020 Presidential campaign which I also predicted in May 2017) was to provoke Trump into firing him and then later having a special counsel charge Trump with obstructing of justice because of Comey’s firing.

From May 2017:

Comey’s strategy was a variant taken from the playbook of his mentor and friend, Patrick Fitzgerald.  The Fitzgerald strategy is to spend years kindling a media firestorm with limited, but carefully selected, leaks about a major investigation into the supposed crimes of a Republican White House, but only to end up nailing a few suspects on investigative crimes unrelated to the major felony the media was yearning for.

This was Fitzgerald’s approach to the bogus Valerie Plame “outing”; I believe it was Comey’s strategy in the bogus election investigation.

But with modifications.

Instead of being satisfied with exonerating the White House for the underlying crime but nailing advisers on unrelated charges as Fitzgerald did in “Plamegate“, Comey hoped to bring down Trump on an obstruction of justice charge; charges that could either leave his Presidency sandbagged with a large scandal or actually lead to impeachment.

Comey’s reported actions are consistent with passive-aggressive attempts to anger Trump in order to get him to make statements that could be construed as interfering with the investigation.

Based on what has been reported about their private conversations, Comey appeared very coy responding to Trump’s questions about what state the investigation was in, who was under investigation, whether the intelligence probe was being converted to a criminal case, or whether Trump himself was being criminally investigated.

Meanwhile, Comey quietly encouraged the media to speculate about the direction of the investigation (such as the urine soaked “dossier”) based on leaks strategically fed to them even though Comey himself had known for months there was no underlying crime.

In public testimony to the Congress, Comey was careful to give as little information as possible.

By keeping the true state of the investigation a very tightly held secret and letting it unnecessarily drag on despite most Congressmen and Senators admitting in public they had seen no evidence of a crime, he hoped to let Trump’s imagination and frustration grow wild in meetings Comey meticulously kept notes about.

Eventually, he planned, Trump would make enough small to medium size (or one obviously over the line) statements that bordered on obstruction for Comey to later argue collectively made for a true case of obstruction.

 

So much for that obstruction case.

The IG report gives extensive evidence Comey’s Directorship was so questionable that Trump will have no problem spinning (regardless of facts) that Comey deserved to be fired for gross mismanagement.

Continue reading “Trump Cages The Two Great Lovers, Mueller & Comey”

Simulation Modeling the Midterms Correctly

Wrong election models?  There is no shortage.

For good election models (as with all good statistical models) we require good methodology.

Sound methodology in this field starts with anticipating what the election dynamic will be between dominant variables.  If the right dynamic and dominant variables are chosen, we then sift through the results of the the model for useful information about the election.  From this useful information we then determine what course of action (if any) to take in an election.

And, if you want to compare my c.v. on predictive analytics with others, I refer you to these examples –

From November 07, 2016:

IBD’s number today suggest R-D turnout levels will be even.

Early voting totals suggest IBD is right, but that state pollsters haven’t adjusted their turnout models correctly.

For example, in the CBS/Yougov poll of Florida, which had the state tied 45-45, their weighted sample had whites being only 61.7% of all voters, Hispanics 19.8 and blacks 13.7.

But according to early Florida vote results whites are 66% of the electorate, Hispanics 15% and blacks 13%. If the CBS turnout model is adjusted with these actual figures then Trump is ahead by over 1 point in Florida, and this before election day voting which will break strongly for him.

I’m now confident Trump will take Florida tomorrow.

For another example, most state polls of North Carolina have that state even despite early voting being disastrous for Democrats.

If state polls are generally built around 2012 turnout models and if IBD is right that Republican and Democrat turnout will be even, the state polls, which are very tight, are overestimating Hillary’s actual position.

 

From August 29, 2015

Actually, Trump is winning a plurality of Evangelicals and just about every other Republican demographic. Trump is also performing well enough in general election matchups that I’m now comfortable switching my support from Walker to him.

As for Ben Carson, his bump is probably a temporary result of the debate. I suspect Carson will fade and Cruz will pick up most of his social con supporters. But it won’t be enough for Cruz to stop Trump.

 

That last excerpt is from back in 2015 when Scott Walker was still in the GOP presidential primary, and when Ben Carson was in second place, ahead of Ted Cruz.  Cruz, if you remember, did go on to pass Carson and finish second to Trump in delegates.

Continue reading “Simulation Modeling the Midterms Correctly”

Three Memorial Day Cheers for the Condor Principle & Three Jeers for Iraqi “Democracy”

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By the Condor Principle I mean the Hamiltonian foreign policy principle which, like every other diplomatic modus operandi of the glorious Party, had its fine details ironed out, and subsequently put into motion, during the Cold War.

The Condor Principle is named in honor of Operation Condor.  The central idea behind that noble Operation was it does not matter at all if a foreign government is Dictatorial nor how many “human rights” violations it commits; it matters only if the dictatorship is aligned (or at least neutral) with American corporate-military-industrial interests or if it is hostile to American corporate-military-industrial interests.

If you comply, Hamiltonians ignore how many of your citizens were foolish enough to be in a village, town, or city when you firebombed it.

And if you do not, it is you who are firebombed.

Continue reading “Three Memorial Day Cheers for the Condor Principle & Three Jeers for Iraqi “Democracy””

Legal Facts Do Not Matter – As I Predicted, the Russia Investigation has Backfired on Spymaster Comey & his Investigators

Just call James Comey Spymaster.

And this spymaster has finally been hit with the investigatory knockout I’ve been expecting

If they refer to criminal activity involved with the FBI’s monitoring of the Trump campaign that likely means they see particular violations of particular legal statutes.

If it turns out there is evidence of criminal use of FISA warrants then the investigation is likely cooked: Among other effects Comey and McCabe would potentially become targets of a criminal investigation, Mueller as Comey’s close friend and mentor would be too biased to remain as special counsel, the trustworthiness of the Russia investigation will suffer a decisive loss in public confidence, other FBI officials lower on the food chain may squeal on their superiors to save themselves, and so forth.

Continue reading “Legal Facts Do Not Matter – As I Predicted, the Russia Investigation has Backfired on Spymaster Comey & his Investigators”