Quotes

"Fascism and communism both promise "social welfare," "social justice," and "fairness" to justify authoritarian means and extensive arbitrary and discretionary governmental powers." - F. A. Hayek"

"Life is a Bungling process and in no way educational." in James M. Cain

Jean Giraudoux who first said, “Only the mediocre are always at their best.”

If you have ten thousand regulations, you destroy all respect for the law. Sir Winston Churchill

"summum ius summa iniuria" ("More laws, more injustice.") Cicero

As Christopher Hitchens once put it, “The essence of tyranny is not iron law; it is capricious law.”

"Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it." Ronald Reagan

"Law is where you buy it." Raymond Chandler

"Why did God make so many damn fools and Democrats?" Clarence Day

"If I feel like feeding squirrels to the nuts, this is the place for it." - Cluny Brown

"Oh, pshaw! When yu' can't have what you choose, yu' just choose what you have." Owen Wister "The Virginian"

Oscar Wilde said about the death scene in Little Nell, you would have to have a heart of stone not to laugh.

Thomas More's definition of government as "a conspiracy of rich men procuring their own commodities under the name and title of a commonwealth.” ~ Winston S. Churchill, A History of the English Speaking Peoples

“Laws are like cobwebs, which may catch small flies, but let wasps and hornets break through.” ~ Jonathon Swift

Thursday, September 22, 2011

He is behind more than that - Soros turns up in Obama's LightSquared imbroglio

The downfall of America is his goal.

Soros turns up in Obama's LightSquared imbroglio | Campaign 2012

As Republican lawmakers begin to dig into the White House's cozy relationship with a startup wireless company and the wealthy Democratic donor who owns it, a new character has appeared on the story's edges: liberal superdonor, conservative bete noire and controversial investor George Soros.

Soros reportedly invested in the telecom company LightSquared through a hedge fund, and many of the nonprofits he finances have backed LightSquared in regulatory and policy disputes.

The background:

LightSquared wants to compete with AT&T, Verizon and Sprint to provide mobile broadband (for instance, email and Internet on your Blackberry or iPhone).

Harbinger Capital Partners, a hedge fund run by billionaire financier Philip Falcone, owns LightSquared, and deftly steered the company through some tricky regulatory waters (with would-be competitors AT&T and Verizon fighting him along the way) to get preliminary approval for its plan to start a high-speed broadband wireless network.

Today, LightSquared is scuffling with the global positioning satellite industry, which argues that the company's current plan would interfere with GPS signals. Air Force Gen. William Shelton, head of Space Command, testified to Congress this month that giving LightSquared the radio frequencies it is slated to get would interfere with the military's GPS needs.

Here's the potential scandal: Ahead of Shelton's testimony, White House officials nudged Shelton to go easy on LightSquared, according to Daily Beast reporter Eli Lake. Shelton reportedly said that someone (presumably in the administration) had leaked the first draft of his testimony to LightSquared -- which Falcone denies.

-read on at link-
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