Proud to be an American.
Today is my favorite holiday. It celebrates who some of us are, who we were and provides some hope. I like July 4 food – t-bones, corn on the cob, and so forth. I like going out and doing patriotic things and ending the day with fireworks.
In an act of breathtaking defiance and spitefulness not seen since Southern states engaged in “massive resistance” to the Supreme Court’s 1954 Brown v. Board decision, the New York State Legislature gave a middle finger to the Supreme Court and voted Friday to effectively nullify the Court’s decision last week in New York State Rifle and Pistol Association v. Bruen. In a truly bizarre and Kafkaesque clause that can only be characterized as the “BLM and Antifa Protection Act,” it becomes a felony to possess any handgun, rifle, or shotgun during “any gathering of individuals to collectively express their constitutional rights to protest [sic] or assemble.”
New York has made it clear that the Constitution does not apply within its boundaries, no matter what the Supreme Court says. As was the case after the Heller decision of 2008, the state’s gun laws have actually become an order of magnitude more repressive following the legal “victory.”
The State’s actions confirm that the most seemingly paranoid fears about the true intentions of the gun-grabbers are quite well grounded in reality. The claim that the left seeks only “commonsense gun safety” is purely deceitful; the left will stop at nothing less than police-state disarmament, the Bill of Rights be damned.
Pistol Pete, the butt guy is hard at work
On Thursday, Transportation Secretary Pete Buttigieg announced that the Department of Transportation would be spending at least $1 billion in taxpayer money to address so-called “racism” in America’s public roads as part of his Independence Day celebration.
As reported by the Daily Caller, the program will be called Reconnecting Communities, which the Transportation Department calls the “first of its kind.” The new initiative says it will focus on rebuilding communities that were “racially segregated or divided by road projects.”
Claiming, with no evidence, that the design of the interstate highway system in the 1950s was specifically meant to negatively impact African-American areas, Buttigieg said that the program will provide financial handouts over the course of five years to predominantly African-American communities across the country.
“Transportation can connect us to jobs, services and loved ones, but we’ve also seen countless cases around the country where a piece of infrastructure cuts off a neighborhood or a community because of how it was built,” Buttigieg said during his announcement speech in Birmingham, Alabama.
“We can’t ignore the basic truth: that some of the planners and politicians behind those projects built them directly through the heart of vibrant populated communities,” Buttigieg falsely claimed. “Sometimes as an effort to reinforce segregation. Sometimes because the people there have less power to resist. And sometimes as part of a direct effort to replace or eliminate Black neighborhoods.”
The announcement builds off of previous suggestions by Joe Biden, laid out in his proposals for the American Jobs Plan in 2021, to spend as much as $20 billion to “reconnect neighborhoods cut off by historic investments and ensure new projects increase opportunity, advance racial equity and environmental justice, and promote affordable access.”
Among the cities seeking federal handouts from the new program are: Portland, Oregon; St. Paul, Minnesota; Tampa, Florida; Syracuse, New York; Houston, Texas; and New Orleans, Louisiana.
Even left-wing groups admitted that the concept of “racist” roads was a “fringe idea,” but nevertheless praised the Brandon Administration for promoting such a conspiracy.
(Epoch Times) Former Secretary of State Hillary Clinton has revealed that President Joe Biden can count on her endorsement to stay in the White House for a second term if he chooses to run again in 2024.
“If he decides to run, he’s a sitting president,” Clinton told NBC News’ Yamiche Alcindor, who moderated a panel during the June 29 Aspen Ideas Festival that Clinton took part in.
“Would you endorse him?” Alcindor asked.
“Joe Biden beat in a huge landslide victory in the popular vote Donald Trump. I think that says a lot,” Clinton added.
…there is a record $2.33 trillion in cash parked at the Fed’s overnight facility, doing nothing…
…Well not nothing: it was nothing when rates were zero, but at 1.55% which is the current reverse repo rate, that $2.33 trillion is a golden goose for the 108 counterparties that are parking cash at the facility, a mixture of money market funds, banks, GSEs and various other financial intermediaries.
How big is this particular Golden Goose? The chart below shows the payment in interest that the Fed makes day on this record $2.33 trillion in funds: as of today it amounts to just over $100 million every single day! That’s right, more than $100 million in interest payments on funds parked with the Fed, which is by definition the world’s only risk-free counterparty!
Consider today an open forum blog. There are always things to discuss, particularly today. If you want to get something off your chest, blaze away.
As we watch the fireworks on this glorious day, do not forget what they represent: Musket balls cannon shot and rockets being hurled into the faces of those who would deny us our freedom, and who were ardent in their desire to disarm us.