Free Markets, Free People

Daily Archives: February 21, 2013


Economic Statistics for 21 Feb 13

Here are today’s statistics on the state of the economy:

Consumer prices were unchanged in January, but the core CPI (ex-food and energy) rose 0.3%. On a year-over-year basis the CPI is up 1.6%, and the core CPI is up 1.9%.

The Conference Board’s index of leading economic indicators rose 0.2% in January, though the consumer expectations component is still depressed.

The Philadelphia Fed survey fell from -5.8 to a worse than expected -12.5 for February, as mid-Atlantic regional business conditions worsened.

Initial jobless claims surged by 20,000 to 362,000 last week. The 4-week average rose 8,000 to 360.750, and continuing claims rose 11,000 to 3.148 million.

The Bloomberg Consumer Comfort Index rose to -33.4, the highest level of the year so far.

Existing home sales rose slightly, up 0.4% to an annual rate of 4.92 million. Sales are up 9.1% on a year-ago basis.

The PMI Manufacturing Index Flash fell -0.3 points to 55.2, though this is still firmly in positive territory.

~
Dale Franks
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Mexico wants tighter gun control in the US and the names of gun owners

Given Fast and Furious, I’d suggest that Mexico ask for the names of gun runners instead.  We’d top that list with the names “Barack Obama” and “Eric Holder”.  However:

On February 18th, Sentinel reported about a new law passed by Mexican legislators – a mandate for a formal request of our US Senate to create and share a gun registry of all commercial firearms in the border states with the Mexican government and police. Private gun ownership names and addresses would then be in the hands of the Mexican government  and police that all agree are filled with corruption.

In the past, I’d unhesitatingly say, “yeah, not going to happen”.  With this administration, it wouldn’t surprise me in the least if they tried to comply.

Mexican ambassador to the U.S., Eduardo Medina Mora, said he hopes the Newtown shooting “opens a window of opportunity for President Obama” to pass tighter gun control laws.”

“The Second Amendment and the regulations adopted in the U.S. is not, never was and never should be designed to arm foreign criminal groups,” the nervy ambassador said.

Mexican activists in Mexico City have passed in a petition with 54,000 signatures asking for tighter US gun control.

Of course they have – the murder and mayhem among their criminal class is out of control and epidemic and they need someone to blame.  And, of course, this would provide a wonderful premise on which to clamp down on private ownership of firearms, Constitution be damned.

Of course realty says that, stipulated, even if they could and did do this, nothing would change:

George W. Grayson, a Mexico expert at the College of William and Mary, doubts tighter gun control laws in the U.S. will greatly affect violence in Mexico. Cartels, Grayson said, can easily find AK-47s and other assault weapons on the international market – places such as China, France, Brazil and Israel.

“The lion’s share of weapons used by cartels come from the United States, but having said that, if the Virgin of Guadeloupe were to stop the flow of weapons southward it would be a nuisance for the cartels but it certainly would not end the bloodshed,” Grayson said.

Ultimately, he said, Mexico would do itself a favor by looking domestically for the roots of the drug war – fixes are badly needed to the country’s corrupt judicial system, military and police force.

But reality and facts have never before stopped a political agenda.  Arms such as those the cartels use are readily available from dozens of international arms dealers.  Screwing the rights of Americans to keep and bear arms as guaranteed by the 2nd Amendment wouldn’t change that one iota.

And they know that.  But, as pointed out the other day, this isn’t about facts.  This is about a social and political agenda.  In the case of such agendas, pretty much anything is considered fair, to include ignoring facts, science and the Constitution.

Let’s see if anything develops from this.

~McQ


What does this headline tell you?

Seen today on an MSN newsfeed:

Gingrich, Rove and the right for the Republican Party

What does it say?  It says the GOP is more screwed than we ever understood.

The “old ladies” are still predominant and now are fighting among themselves and attacking the Tea Party, which should, if you believe GOP propaganda, be a natural ally. 

As long as that condition prevails, the GOP will remain a minority party in national politics.   And yes, I know, there are some new faces attempting to emerge.  But between the left, the media and the old ladies, their chances of emerging anytime soon without having their character assassinated are likely slim and none.

~McQ