Free Markets, Free People

Michael Wade

0% Tolerance; 100% Nonsense

We’ve all heard the stories about students being suspended for bringing aspirin to school, etc., where administrators are tasked with enforcing a “zero tolerance” policy with respect to drugs, weapons, and the like. While being kicked out of school for a few days for bandying over-the-counter analgesics is bad enough, when kids who are otherwise good citizens are thrown into reform school you know things are really getting out of hand:

Zachary Christie is a six-year old student in Newark, Delaware who is facing 45 days in reform school because he brought his new Cub Scout eating utensil to school for lunch. The utensil includes a knife, and this violates the school’s brainlessly, robotically enforced zero-tolerance policy on “weapons on school property.”

I can sort of understand the school’s problem with Christie having a knife (although, if it isn’t a lock-blade, it’s use as a weapon is awfully questionable), but how on earth does that merit being sent to reform school? When I used to work with troubled kids in a alternative-education wilderness program (where most of the kids came to us through social services and/or the courts), they were allowed to have pocket knives, and these were the kids who were kicked out of every school they had ever attended. If they could be trusted with such a utensil, why is that a Cub Scout can’t have one?

If I were the kid’s parent, I would be looking to move as quickly as possible, because that sort of non-tolerance is simply intolerable.

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Podcast for 11 Oct 09

In this podcast, Michael and Dale discuss Obama’s Nobel Peace Prize and health care reform.

The direct link to the podcast can be found here.

Observations

The intro and outro music is Vena Cava by 50 Foot Wave, and is available for free download here.

As a reminder, if you are an iTunes user, don’t forget to subscribe to the QandO podcast, Observations, through iTunes. For those of you who don’t have iTunes, you can subscribe at Podcast Alley. And, of course, for you newsreader subscriber types, our podcast RSS Feed is here. For podcasts from 2005 to 2007, they can be accessed through the RSS Archive Feed.

Grant For Firefighters Goes To … ACORN?

Apparently the funds were intended to be used for the improvement of fire safety in low-income and poor households (e.g. adding smoke detectors). But somehow or another ACORN managed to beat other grant applicants for the funds, by a rather wide margin:

Nearly $1 million in Homeland Security funding typically earmarked for fire departments has been awarded to ACORN, despite a clear signal from Congress that it intends to cut off federal funding to the embattled group …

It was one of only three such grants issued to the state and made up almost 80 percent of the firefighting money earmarked for Louisiana, prompting one of the U.S. senators fr-m the state to demand that the funds be taken back.

That Senator, who cited the O’Keefe-Giles prostitution sting as a reason for revoking the grant, was David Vitter. Predictably, thanks to Vitter’s problems with fidelity, his involvement evoked this response:

When asked how the money would be spent, ACORN spokesman Brian Kettenring issued a statement criticizing the senator, who confessed in the past to having used an escort service.

“Senator Vitter knows a lot more about prostitution rings than anyone here does, so we’ll defer to him on any matters pertaining to the videos attacking ACORN,” the statement read. It did not explain how the group plans to spend the Federal Emergency Management Agency grant.

Had to see that one coming, didn’t you, Senator?

Nevertheless, how ACORN was able to secure a grant making up 80% of Louisiana’s firefighting money from the federal government is an awfully curious question. Considering that Congress has been systematically defunding the organization over the past several weeks, and that ACORN has no firefighting expertise to speak of, one wonders how other more deserving applicants were overlooked.

One such group might have been the St. Tammany Parish Fire District No. 3, which applied for a $120,000 grant to purchase smoke alarms for low-income families after a January fire killed four children in a home that had no working detectors.

“We wanted to buy smoke detectors to spread to homes all over the community to prevent that fr0m happening again,” Chief Charles Flynn said in an interview Tuesday.

“I have no problem with not getting a grant, I’ve lost grants before,” said Chief Flynn, one of the fire officials who complained to Mr. Vitter in a letter.

“My issue is ACORN in New Orleans. Their mission statement says nothing about fire safety or fire prevention. It bothered me that ACORN got $1 million and there are so many smaller and bigger departments that have a need for that money.”

The Monroe Fire Department was the only squad in Louisiana to receive a grant and will be awarded $192,000. The Louisiana State Fire Marshal’s Office will receive $62,000.

ACORN received $997,402, slightly less than the maximum allowable grant of $1 million. A total of $35 million was available for the grants project to fire districts across the country this year.

This story just screams corruption with a capital “C”. I’m sure Congress will get right on that. [/sarcasm]

[HT: Hot Air HL]

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Quote Of The Day

It’s actually from last week, but too good of a comment not to highlight, even tardily [Via Synova]:

Americans believe that the normal state of things is not-violence…

Do you suppose that’s true? That that’s why we have such absurdities as people climbing in zoo cages to cuddle the animals? It would explain a lot of things.

It would explain, for instance, why the writer of that article is able to regurgitate a century and a half of Socialist propaganda and get commenters calling it “insightful”. Two centuries of modern capitalism have resulted in such ease, such comfort, such near-total safety and security, that Americans (at least, some Americans) don’t just take it for granted but consider it the normal state of affairs, so much so that they are ready and willing to smash the structures that created it, in the confident “knowledge” that the safety and prosperity will remain because they are “normal”.

Ric’s observation stemmed from a Firedoglake post (linked above) in which capitalism is noted as the source of violence. I think Ric pretty much nailed why such thinking is so absurd. Also see Synova’s thoughts on the matter, which are also quite good.

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Anti-Semitism and Anti-Capitalism

Ann Althouse is watching the propaganda so you don’t have to. Something in her review of the new Michael Moore agitprop, “Capitalism: A Love Story”, struck me as interesting:

The most striking thing in the movie was the religion. I think Moore is seriously motivated by Christianity. He says he is (and has been since he was a boy). And he presented various priests, Biblical quotations, and movie footage from “Jesus of Nazareth” to make the argument that Christianity requires socialism. With this theme, I found it unsettling that in attacking the banking system, Moore presented quite a parade of Jewish names and faces. He never says the word “Jewish,” but I think the anti-Semitic theme is there. We receive long lectures about how capitalism is inconsistent with Christianity, followed a heavy-handed array of — it’s up to you to see that they are — Jewish villains.

Am I wrong to see Moore as an anti-Semite? I don’t know, but the movie worked as anti-Semitic propaganda. I had to struggle to fight off the idea the movie seemed to want to plant in my head.

I may be alone in this observation, but for quite some time I’ve viewed anti-semitism and anti-capitalism as basically one and the same. Said another way, hatred for Jews appears to me to be closely tied to their historical affiliation with capitalist enterprises.

Certainly the anti-semitism found in the Middle East is somewhat different, in that there are religious and historical factors mixed in to that particular bigotry. And Christian Europe was never terribly friendly to the Jews either, with religious rivalry and illogical scape-goating (i.e. holding Jews responsible for killing Jesus, even though it was the Romans who actually did it, and Jesus was supposed to die according to the scriptures) being played out in large part there as well. Even so, I think there is definitely an anti-capitalist element to anti-semitism.

During the Middle Ages in Europe, Jews were often forbidden from owning land, or entering certain professions, which relegated them to doing the work that the Christians wouldn’t do. Lending money for interest had long been considered to be an awful enterprise, so much so that it was forbidden for Christians to engage in it (much as it is still so for Muslims). Therefore the Jews, who had no strictures* against charging interest, settled into those roles (as well as tax collectors, accountants, rent collectors, and other money-centered jobs), and for quite some time were the only lenders around. During the Roman Empire they were both reviled and tolerated for the practice. Of course, being the only lenders in town meant that when defaults happened, it would be a Jew who would looking for his “pound of flesh” and that did not make them any more desirable. Maybe it was during this time that the capitalist enterprises of making a profit from the use of money became closely associated with Jews, or perhaps it occurred much earlier, but before the term “capitalism” even existed there were Jews performing those functions.

Antisemitic Judensau from 18th Century Frankfurt

Antisemitic Judensau from 18th Century Frankfurt

With the rise of socialism in the industrial age, especially during the Progressive Era, all those capitalistic endeavors in which Jewish families had staked their claims started to fall into disfavor (even as they were employed with great abandon). Charging interest for money, always historically suspect, and all other occupations concerned with amassing capital were looked upon with increasing scorn. These were anti-social behaviors engaged in by the “greedy” who placed money above all else, and especially human well-being. It wasn’t uncommon for Jews to be treated as the face of these unsympathetic capitalist sorts.

In the age of industrialization vast sums were risked in building factories and the like, and huge fortunes were made, while regular working stiffs found themselves displaced from their idyllic farms and shacked up in dirty tenements, teeming with poverty (or so the story goes). As in medieval times when the Lord came up short on his payments, and couldn’t provide for those who depended on him, the Jewish lenders made for an easy target when industrialists failed. Wealthy bankers such as the Rothschilds and the Warburgs often came under scrutiny (and still do today) because of their Jewish heritage and massive family fortunes, and many conspiracy theories concerning Jewish attempts to control the world through their financial houses flourished. Indeed, during this ironically anti-capitalist period (ironic because of capitalism’s rapid spread during this time, raising the living standards of millions upon millions of people), political parties and community groups were sometimes formed based quite openly on their antisemitism. As an acceptable social prejudice, anti-semitism was often found to be quite politically useful in Europe and here in the United States. At the same time, prevailing political winds were blowing strongly in the direction of scientific socialism, and decidedly against capitalism and individualism.

Again, I don’t know how or when anti-semitism and anti-capitalism became so intertwined, but for at least the last 150 years I think it’s safe to say they share common space. If you were to replace the words “multinational corporations” with “the Jews” in the popular anti-capitalist screeds of today, I don’t think one would see much of difference in coherence (be that as it may) or objection from purveyors of these conspiracy theories.

Bringing it full circle, I think that close connection between anti-semitism and anti-capitalism is why Althouse gets this feeling from Michael Moore’s film:

He never says the word “Jewish,” but I think the anti-Semitic theme is there. We receive long lectures about how capitalism is inconsistent with Christianity, followed a heavy-handed array of — it’s up to you to see that they are — Jewish villains.

In some ways, the bigotries may be inseparable.

* To be sure, the Bible does prescribe certain regulations for lending, one of which has been interpreted as meaning that Jews were forbidden from charging interest to other Jews, while doing so for loans to gentiles was perfectly acceptable. As I understand it, however, these Biblical restrictions treat “lending” as a sort of charity (that may or may not be paid back), in which Jews were encouraged to be free with their money in the service of their tribe, while having no compunction to be so charitable with “outsiders” (although, there too, be charitable when possible is encouraged). In short, it is a “take care of you family” sort of restriction on lending and not a “screw anyone who’s not Jewish” policy that it is sometimes made out to be.

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Crushing of ObamaCare Dissent

A couple of weeks ago we learned that the Obama administration was “warning” insurance companies about how they addressed concerns with the plans being pushed in Congress, and in one case the Health and Human Services Department, at the behest of Sen. Max Baucus, started an investigation of Humana, Inc. regarding a mailer it sent out to its customers:

The Obama administration warned insurance companies Monday they face possible legal action for allegedly trying to scare seniors with misleading information about the potential for lost benefits under health care legislation in Congress.

“As we continue our research into this issue, we are instructing you to immediately discontinue all such mailings to beneficiaries and to remove any related materials directed to Medicare enrollees from your Web sites,” said a notice from the Centers for Medicare and Medicaid.

Teresa DeCaro, an agency official, sent the notice to all companies that sell private Medicare coverage and stand-alone drug plans to seniors. The warning came as President Barack Obama’s health care legislation is moving toward key tests in a Senate committee over the next several days, and with public polls showing widespread skepticism among seniors.

In one case, the Health and Human Services Department, which oversees CMS, launched an investigation of Humana after getting a complaint from Sen. Max Baucus, D-Mont., a senior lawmaker usually viewed as a reliable ally of the insurance industry.

“It is wholly unacceptable for insurance companies to mislead seniors regarding any subject — particularly on a subject as important to them, and to the nation, as health care reform,” Baucus said Monday, disclosing the HHS investigation.

It seems that at least one state is following in the federal government’s footsteps:

The Connecticut attorney general is seeking information about what the state’s five largest health insurers may have sent policyholders over legislation that would reform the Medicare program for the elderly.

[…]

Connecticut Attorney General Richard Blumenthal wants information from Aetna Inc (AET.N), UnitedHealth Group Inc (UNH.N), Health Net (HNT.N), WellPoint Inc’s (WLP.N) Anthem Health Plans unit and ConnectiCare Inc.

[…]

Health insurers have argued that cuts to Medicare Advantage would raise costs and reduce benefits for those who want the private plans.

Blumenthal and Healthcare Advocate Kevin Lembo said they made their requests after reports that Humana sent policyholders “deceptive” materials urging them to oppose changes to the Medicare Advantage program.

“Health insurers must stop using seniors as pawns — scaring them with misinformation in mailings — to oppose cost-saving healthcare reforms,” Blumenthal said in a news release.

Stephen Jewett, a spokesman for ConnectiCare, said health insurers are already required by federal law to have Medicare Advantage marketing materials approved by CMS.

“ConnectiCare believes this request is being spurred by ‘health reform politics’ and is not warranted,” Jewett said in a statement.

Humana, and apparently others, had committed the great offense of warning its Medicare Advantage clients that the current legislation proposed would negatively affect their coverage, which according to the CBO is entirely truthful. In fact, this has been known for quite some time, and Obama himself has said that cuts to Medicare would be part of of the way he intends to realize savings in his health care overhaul. Nevertheless, Obama and Baucus sicced the government on Humana anyway for what they allege were false and misleading claims.

The free speech and abuse of power implications were enough to draw fire from Republicans in Congress, one of whom, Rep. Dave Camp, took CMS to task:

I am writing to express my deep suspicion that the Centers for Medicare and Medicaid Services (CMS) may be selectively and inappropriately using its regulatory powers to intimidate and silence those who under the First Amendment of the United States Constitution are expressing legitimate facts about the Medicare cuts proposed by President Obama and Congressional Democrats.

[…]

Given the importance of health care to America’s seniors, I am sure you will agree seniors currently enrolled in MA have a right to know about how pending policy changes could affect them. I am certainly aware that MA marketing regulations are supposed to be used to ensure that communications from plan sponsors or affiliated groups do not include inaccurate information that would inappropriately steer seniors to certain MA plans. I have read the letter from Humana to its members and it does neither.

Moreover, I am concerned that CMS has taken action for political purposes, which threatens the integrity of the agency and of our democracy. To my knowledge, Humana is the only such plan to be targeted for investigation for speaking out against the Administration and Congressional Democrat’s plan. However, today CMS issued a ban on all MA health plans from distributing similar information.

Camp also pointed out that the AARP, “which has the largest MA plan in Medicare at 1.7 million enrollees, has been a vocal advocate in favor of the President Obama and Democrats’ health care proposals.”

They have spent millions of dollars communicating to its members the group’s support of President Obama’s proposed changes to Medicare via bulletins, television ads, newsletters, and its website. According to USA Today, AARP sent 8 million direct letters about health care reform and Medicare policies under consideration in Washington to its members over Labor Day. Additionally AARP has a “Health Action Now!” website that asks seniors to contact Members of Congress using an AARP-drafted letter that seniors can send via e-mail. These communications seem to be largely similar to the communications sent by Humana, other than they are in support of President Obama’s position.

For example, AARP’s website states that it’s a “myth” that “health care reform will hurt Medicare”, saying that it’s a “fact” that “none of the health care reform proposals being considered by Congress would cut Medicare benefits or increase your out-of-pocket costs for Medicare services.” This flies in the face of what the non-partisan Congressional Budget Office (CBO) has found as it relates to the MA cuts.

The reason behind the AARP’s advocacy may be good old-fashioned graft:

Again, how does AARP benefit from this? Why are they pushing this so hard to their members?

It benefits because along with the rest of the overhaul, Obama wants to institute changes to Medicare Advantage, the current public option for seniors.

Medicare Advantage is a catch-all program for low-income seniors which allows them to choose their drug insurance plan from a variety of companies. Basically, a senior pays into the program, picks an insurance company to go with, and the government subsidizes that company for the cost of the senior’s prescriptions. Everybody wins. (Note: This is different from the Medicare program, which is fully single payer, government run)

So if Obama cuts or eliminates Medicare Advantage, what will those seniors do? Well, they will either go directly to Medicare (the government single-payer option) or they will be forced to buy a supplementary package with a company like… AARP!

Currently, this supplementary drug option – called MediGap – accounts for 70% of AARP’s annual income. How much nicer would things be if they were the only game in town, huh?

Just to recap, the proposed ObamaCare plans will make cuts to the Medicare Advantage program, which will decidedly benefit MediGap policy sellers like the AARP. The AARP, in opposition to its members’ wishes, actively campaigns for ObamaCare, and in doing so spreads the myth that Medicare will not be changed by any of the proposed legislation. Meanwhile, insurance companies offering Medicare Advantage plans warn their clients that cuts are planned that will negatively affect their policies, a fact backed up by the CBO. The Obama administration, Max Baucus, the CMS, and no the Attorney General of Connecticut go after the insurance companies for allegedly spreading false and misleading information in an attempt to scare seniors away from supporting ObamaCare.

Recall also that the Obama administration, through the NEA, sought to enlist the artistic community’s support of its health care plans. This was a blatant attempt to create state-funded (or, at least, state-sanctioned) propaganda. Yet, insurance companies speaking the truth on behalf of themselves and their clients are besieged by the government? I repeat what I stated in the NEA post:

Now, you can call me a conspiracy theorist if it makes you feel important and wise, but how else other than “totalitarian” would you describe “free speech for me but not for thee” enforced at the end of a gun? Does that necessarily mean that we’re headed for gulags? No, but don’t let the failure to cross that line fool you. The Obama administration is putting on a full court press to pass its agenda, and apparently has no qualms about using every resource within its power, legal or otherwise, to accomplish that goal.

It should be clear by now that the only goal Obama truly wants to accomplish is universal health care, either straight away or in a time-release capsule. No other domestic policy takes up anywhere near as much of his time and effort, and his foreign policy is mostly an after thought. That’s fine. I believe he is damaging the country in pursuing this agenda, but it’s his presidency and his legacy, he can waste his political time as he sees fit. However, what is not acceptable in the least are the lengths to which he and his supporters are going to pass that agenda. That’s not just hurting the country from a policy perspective, it’s also seriously violating the constitution and further eroding any confidence the polity has in its government.

Again, was this the change people were hoping for?

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Podcast for 04 Oct 09

In this podcast, Bruce, Michael, and Dale discuss the Obama Enigma, the current state of politics, and Iran’s progress towards nuclear weapons.

The direct link to the podcast can be found here.

Observations

The intro and outro music is Vena Cava by 50 Foot Wave, and is available for free download here.

As a reminder, if you are an iTunes user, don’t forget to subscribe to the QandO podcast, Observations, through iTunes. For those of you who don’t have iTunes, you can subscribe at Podcast Alley. And, of course, for you newsreader subscriber types, our podcast RSS Feed is here. For podcasts from 2005 to 2007, they can be accessed through the RSS Archive Feed.

IMF to UK: Universal Health Care Unsustainable

While Pres. Obama and Congress go merrily about their way cramming some sort of government funded and controlled health care down the throats of an American public who doesn’t want it, the IMF is sending drastic warnings to Britain about its system:

Gordon Brown was warned last night to raise the retirement age above 65 and introduce NHS charges to tackle the soaring state deficit.

In a devastating intervention, the International Monetary Fund called for radical changes to the pension system and spending cuts that go far beyond the plans outlined by the Prime Minister this week.

The global watchdog said root and branch changes to public sector spending would be necessary to ‘help keep a lid on the debt’ and restore financial stability.

The IMF’s broadside is highly unusual ahead of an election and reflects grave concern at the debt mountain built up by the Brown government.

[…]

Oliver Blanchard, the IMF’s top economist, told a press conference at a joint annual meeting with the World Bank that the next British government will ‘have to take measures that improve the medium-term debt outlook’.

He added: ‘That means reforms of the retirement system, that means reform of the healthcare system.’

[…]

Mr Blanchard said reform was vital, adding that it would be ‘a joke’ if the Government settled instead for new fiscal rules that might be torn up at times of crisis.

The IMF estimated that by next year Britain’s debt will represent 81.7 per cent of output.

Even with planned cuts and tax increases, it predicted a figure of 98.3 per cent by 2014.

Supporters of ObamaCare will try to differentiate the crumbling NHS system, and the IMF’s prescription for it, by pointing out that the bills proposed here would require premium payments for health insurance. But that ignores the (highly front-loaded) $900 Billion price tag vaunted by the president himself which, when added to the costs of the already bankrupt Medicare and Medicaid programs, will balloon far beyond anything being promised. Combined with the also bankrupt Social Security system that is about to see a lot more beneficiaries come of age, the “Stimulus”, bailout funds, and whatever other pet projects the government finds to waste our tax dollars on, it’s difficult to see how we can avoid a similar diagnosis to that of the UK.

[HT: WTH]

Podcast for 29 Sep 09

In this podcast, Bruce, Michael, and Dale discuss the Obama Enigma, the current state of politics, and Iran’s progress towards nuclear weapons.

The direct link to the podcast can be found here.

Observations

The intro and outro music is Vena Cava by 50 Foot Wave, and is available for free download here.

As a reminder, if you are an iTunes user, don’t forget to subscribe to the QandO podcast, Observations, through iTunes. For those of you who don’t have iTunes, you can subscribe at Podcast Alley. And, of course, for you newsreader subscriber types, our podcast RSS Feed is here. For podcasts from 2005 to 2007, they can be accessed through the RSS Archive Feed.

NEA Fallout: White House Responds

Jake Tapper reports the White House response to the Big Hollywood scoop:

An August 10, 2009 National Endowment for the Arts conference call in which artists were asked to help support President Obama’s agenda — a call that at least one good government group called “inappropriate” — has prompted the White House to issue new guidelines to prevent such a call from ever happening again.

“The point of the call was to encourage voluntary participation in a national service initiative by the arts community,” White House spokesman Bill Burton told ABC News. “To the extent there was any misunderstanding about what the NEA may do to support the national service initiative, we will correct it. We regret any comments on the call that may have been misunderstood or troubled other participants. We are fully committed to the NEA’s historic mission, and we will take all steps necessary to ensure that there is no further cause for questions or concerns about that commitment.”

It’s not clear why new guidelines are necessary. Is the Obama administration trying to suggest that the old guidelines are to blame?

White House officials say they are enacting specific steps to make sure such a call never happens again.

Today White House officials are meeting with the chiefs of staff of the executive branch agencies to discuss rules and best practices in this area, a conversation during which they will be told that that while White House lawyers do not believe that the NEA call violated the law, “the appearance issues troubled some participants,” Burton said. “It is the policy of the administration that grant decisions should be on the merits and that government officials should avoid even creating the incorrect appearance that politics has anything to do with these decisions.”

Well that should be an easy task:

Step 1 — Don’t call potential grant recipients and “ask” them to push your political agenda.

Step 2 — See Step 1; yes, even if you think you can get away with it.

Step 3 — Really, we know that the media won’t care, but there’s always some crybaby concerned citizen who will blab, so just go back to Step 1.

Step 4 — My, you are persistent, aren’t you! Please see David Axelrod for reassignment. We think he’ll find you to be a real “Winner”.

Step 5 — You aren’t the person we thought we knew. Please find room under the bus.

In any case, now that the White House has acknowledged at least some cause for concern over the conference call, the MSM has sprung into action. Here’s a list of the articles fr-om your major news organs:

New York Times — N/A
Washington Post — N/A
Los Angeles Times — N/A
MSNBC — N/A
ABC News — N/A (although, the Tapper article above can be found if you root around the site long enough)
CBS News — N/A

That’s your intrepid Fourth Estate for you. Meanwhile, there are tons of questions left to be answered, such as why Buffy Wicks (with the White House Office of Public Engagement) was involved on the call, and what her supervisor, Valeria Jarrett, knew about it. Why was an employee of Winner & Associates on the call? And, again, what was wrong with the old guidelines that they need to be revised? Moreover, what about the $2 Million in grant money doled out by the NEA (about $1 million of which was from stimulus funds) finding its way back to Washington in the form of political donations and lobbying expenses?

Digging deeper i-nto the grants only reveals more disturbing questions. Among the recipients of the grants, in this case, $50,000 fr-om the stimulus package, is a group named Americans for the Arts. According to federal records published at OpenSecrets.org, Americans for the Arts has already dedicated $250,000 to lobbying expenses this year alone. The president of Americans for the Arts is an Obama donor and the affiliated political action committee gave $48,000 to congressional Democrats in the last election cycle. According to NEA records analyzed by The Washington Times, donors to the PAC received more than an additional $500,000 in stimulus funds.

Surely there is some story to be written there.

Most interesting of all is that questions regarding the legality of the NEA propaganda push have all but been swept under the rug. Tapper reported that “White House lawyers do not believe that the NEA call violated the law,” which apparently suffices for the rest of the press corp.

All I can say is that if Breitbart decides to go public with one of his media ventures, I would rate that stock as a serious “buy and hold”.