Government Admits Selective Service Law is Sexist!

___On sss.gov: While there has been talk recently about women in combat, there has been NO decision to require females to register with Selective Service, or be subject to a future military draft. Selective Service continues to register only men, ages 18 through 25.

___If women want the equality granted by the Equal Pay Act of 1963, then they should accept the responsibility to the country!

Economic Freedom in 2016

___The Heritage Foundation published its 2016 Index of Economic Freedom on 1 February. The categories are:

Rule of Law: Property Rights; Freedom from Corruption

Limited Government: Government Spending; Fiscal Freedom

Regulatory Efficiency: Business Freedom; Labor Freedom; Monetary Freedom

Open Markets: Trade Freedom; Investment Freedom; Financial Freedom

___The United States moved from 12th to 11th when Denmark moved down a full point while the U.S. only moved down 0.8. You should hold the celebration and the champagne since we are still behind Chile and Estonia!

View the new Index at:

heritage.org/index

Labor Force Participation in America

___Among the major worker groups, the unemployment rates for adult men (4.5 percent) and Whites (4.3 percent) declined in January. The jobless rates for adult women (4.5 percent), teenagers (16.0 percent), Blacks (8.8 percent), Asians (3.7 percent), and Hispanics (5.9 percent) showed little change over the month.

___The number of long-term unemployed (those jobless for 27 weeks to 99 weeks) was essentially unchanged in January, at 2.1 million, and has shown little movement since June. These individuals accounted for 26.9 percent of the unemployed.

___After accounting for the annual adjustments to the population controls, the civilian labor force and total employment, as measured by the household survey, were little changed in January. The labor force participation rate, at 62.7 percent, is the lowest since 1977.

Charles Krauthammer on The Clinton Foundation

___The Clinton Foundation is "organized crime" at its finest, and we are financing it! Here is a good, concise summary of how the Clinton Foundation works as a tax free international money laundering scheme. It may eventually prove to be the largest political criminal enterprise in U.S. history. This is a textbook case on how you hide foreign money sent to you and re-package it, to be used for your own purposes. All tax free.

___Here's how it works:

1. You create a separate foreign "charity." In this case one in Canada.

2. Foreign oligarch's & governments, then donate to this Canadian charity. In this case, over 1,000 did, contributing mega millions. I am sure they did this out of the goodness of their hearts, and expected nothing in return. (Imagine Putin's buddies waking up one morning and just deciding to send un-told millions to a Canadian charity).

3. The Canadian charity then bundles these separate donations & makes a massive donation to the Clinton Foundation.

4. The Clinton Foundation, and the cooperating Canadian charity claim Canadian law prohibits the identification of individual donors.

5. The Clinton Foundation, then "spends" some of this money, for legitimate good works programs. Unfortunately, experts believe this is on the order of 10%. Much of the balance goes to enrich the Clinton's, pay salaries to un-told numbers of hangers on, & fund lavish travel, etc. Again virtually all tax free, which means you & I are subsidizing it.

6. The Clinton Foundation with access to the world's best accountants, somehow fails to report much of this on their tax filings. They discover these "clerical errors" and begin the process of re-filing 5 years of tax returns.

7. Net result: foreign money, much of it from other countries, goes into the Clinton's pockets tax free & untraceable back to the original donor. This is the textbook definition of money laundering.

___Oh, by the way, the Canadian "charity" includes, as a principal one Frank Giustra. Google him. He is the guy who was central to the formation of Uranium One, a Canadian company that somehow acquired massive U.S. uranium interests & then sold them to an organization controlled by Russia. This transaction required U.S. State Department approval, and, guess who was Secretary of State, when the approval, was granted? As an aside, imagine how former, Virginia Governor Bob McDonnell feels. That poor schlep is in jail because he and his wife took $165,000 in gifts and loans for doing minor favors, for a guy promoting, a vitamin company. Not legal, but not exactly putting U.S. security at risk.

The Coming Boom in America - Will It Happen?

___Would you like to see a dramatic increase in the value of your IRA or 401k? What the federal government and the Fed have done so far with stimulus/QE and devaluing the dollar has been ineffective.

___American multinational companies have made trillions of dollars in profits overseas and have paid the foreign taxes on those profits. Our profligate-spending, big government Congress wants another 35% of those profits, so those profits stay in foreign banks stimulating our competitors. More than two trillions of dollars being injected into our anemic economy will cause it to boom. Our corporations will be significantly stronger fiscally, and they will be able to compete better.

___The stimulus didn't work because tax dollars were used to pay the stimulus. Consumption was simply shifted from taxpayers to politicians. QE didn't work because it created money and devalued the dollar. The stock market went up, but this was artificial. There was no actual increase in valuations of stock companies. Bringing back foreign profits already taxed is very different. No money is taken from taxpayers, and American corporations spend the money for growth and jobs.

___The employees of corporations do not pay the “corporate tax.” The purchaser of their product does. The ideal tax on American corporations is zero. Employee income and stockholder dividends would be taxed as ordinary income, and Warren Buffet's rate would not be lower than his secretary.

___The American economy is set to boom when the onerous regulations and taxes are reduced. We are literally “sitting on a gold mine” with our abundent resources. The ignorant ban on exports of American oil has finally been lifted, and we can sell some of the “oversupply” that God and technology has blessed us with. Even though the Employment Prevention Agency (Obama's EPA) has killed the coal industry in America, China and India will gladly buy our coal and pollute the planet's atmosphere.

___In November we will elect a new President. He/she will hopefully embrace and value the American idea (Constitution, free market, Judeo-Christian values, rule of law, etc) instead of denigrating and apologizing for it.

Email to Congressman Joe Wilson (SC-2) on Education & Abortion

___I have received your responses of federal control of education and defunding Planned Parenthood. You actions seem insincere and hypocritical when you have voted to fully fund both in the Omnibus funding bill.

___Speaker Ryan has said that appropriations will begin in the appropriate committees, expert witnesses will be heard in committee and separate appropriation legislation will be sent to the floor - hopefully by 30 June. Please make this happen so that taxpayers are not extorted with a shutdown as in past years.

___Your Heritage Action score is 65 indicating big government, establishment, political class.

The Case For IBM

___IBM is one of the DOW 30 companies. It has a long history of excellence and innovation. I used the model 360 mainframe computer in 1968 while in graduate school at U. of Missouri. Two 360 mainframes controlled the thousands of transmitters and receivers of the phased-array radar where I was Senior Director in 1975. IBM became a leader in the PC world and made MS-DOS the standard OS when it licensed it from Microsoft's Bill Gates. It eventually sold its PC business to Chinese company Lenovo as the PC business has become a commodity business.

___IBM has had decreasing revenues as the high-technology world transitions to the global economy. Its most recent quarter, it reported revenue of $22.1B and net income of $4.5B. Profit for the year will be about $13.4B While most companies would be ecstatic with such results, IBM stock plumeted to $118. The stock had reached about $200/share in 2013.

___Like other multinational companies, IBM has left its foreign profits overseas instead of having them taxed a second time. IBM has been buying back its stock for years as its dividend yield has increased. It has been cheaper to borrow money than pay dividends – now about 4%. It has about $154B in Treasury stock. It also has about $141B in Retained Earnings and $9B in cash.

___IBM has an effort called “Strategic Initiatives” which is doing well and growing at an impressive rate. It has major competitors in Amazon, Google and Microsoft for cloud computing and other initiatives (like smart homes and smart cities). When the global downturn ends, there be much money to efficiently control the production and use of electricity and other power and energy sources. Waste and polution has been minimized in the United States using technology, and the same thing can be done in the BRIC (Brazil, Russia, India, China) and other nations.