American household net worth plummets 39.4 percent in Obama Democrat economy, Black households hit hardest, All households since recovery reduced ownership of homes stocks and business equity, Pew Research

American household net worth plummets 39.4 percent in Obama Democrat economy, Black households hit hardest, All households since recovery reduced ownership of homes stocks and business equity, Pew Research

“For now, the absence of young adults from the housing market continues to put a dent in the homeownership rate, which dropped to 64.8% in the first quarter, compared with 65.2% in the fourth quarter of 2013, according to U.S. Census statistics. The rate was as high as 69.2% in the fourth quarter of 2004. For those younger than 35, the rate has fallen noticeably faster. It slipped to 36.2% in the first quarter, from 36.8% in the fourth. The homeownership rate for this group was as high as 43.6% in the second quarter of 2004.”…Market Watch May 12, 2014

“The share of families with an employed member was unchanged at 80.0 percent in 2013. The likelihood of having an employed family member rose in 2013 for Asian families (to 88.8 percent) and for Hispanic families (to 85.1 percent). The likelihood for white and black families showed little or no change (80.1 percent and 75.7 percent, respectively).”…BLS report, April 25, 2014

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″



From 2007 to 2008 the Democrats controlled both houses of Congress.

From 2009 to 2010 they also controlled the White House.

The Democrats in lock step with Obama were instrumental in destroying the economy and household wealth.

From Pew Research December 12, 2014.

“Wealth inequality has widened along racial, ethnic lines since end of Great Recession”

“The Great Recession, fueled by the crises in the housing and financial markets, was universally hard on the net worth of American families. But even as the economic recovery has begun to mend asset prices, not all households have benefited alike, and wealth inequality has widened along racial and ethnic lines.

The wealth of white households was 13 times the median wealth of black households in 2013, compared with eight times the wealth in 2010, according to a new Pew Research Center analysis of data from the Federal Reserve’s Survey of Consumer Finances. Likewise, the wealth of white households is now more than 10 times the wealth of Hispanic households, compared with nine times the wealth in 2010.

Wealth Gaps by RaceThe current gap between blacks and whites has reached its highest point since 1989, when whites had 17 times the wealth of black households. The current white-to-Hispanic wealth ratio has reached a level not seen since 2001. (Asians and other racial groups are not separately identified in the public-use versions of the Fed’s survey.)

Leaving aside race and ethnicity, the net worth of American families overall — the difference between the values of their assets and liabilities — held steady during the economic recovery. The typical household had a net worth of $81,400 in 2013, according to the Fed’s survey — almost the same as what it was in 2010, when the median net worth of U.S. households was $82,300 (values expressed in 2013 dollars).

The stability in household wealth follows a dramatic drop during the Great Recession. From 2007 to 2010, the median net worth of American families decreased by 39.4%, from $135,700 to $82,300. Rapidly plunging house prices and a stock market crash were the immediate contributors to this shellacking.”

“A number of factors seem responsible for the widening of the wealth gaps during the economic recovery. As the Federal Reserve notes, the median income of minority households (blacks, Hispanics and other non-whites combined) fell 9% from its 2010 to 2013 surveys, compared with a decrease of 1% for non-Hispanic white households. Thus, minority households may not have replenished their savings as much as white households or they may have had to draw down their savings even more during the recovery.”

“All American households since the recovery have started to reduce their ownership of key assets, such as homes, stocks and business equity. But the decrease in asset ownership tended to be proportionally greater among minority households. For example, the homeownership rate for non-Hispanic white households fell from 75.3% in 2010 to 73.9% in 2013, a percentage drop of 2%. Meanwhile, the homeownership rate among minority households decreased from 50.6% in 2010 to 47.4% in 2013, a slippage of 6.5%.”

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91 responses to “American household net worth plummets 39.4 percent in Obama Democrat economy, Black households hit hardest, All households since recovery reduced ownership of homes stocks and business equity, Pew Research

  1. November 2014:

    Black unemployment rate: 11.1 percent

    Labor force participation rate: 61.5 ( 63.2 when Obama took office in Jan 2009 )

  2. CW…..
    “Fundamental Change of America”…….Gruber is right…..there are people among us who are so stupid they can’t see through the line of Bullshi#,and they think that America is going to become a UTOPIA for them in which EVERYTHING is FREE OF CHARGE,and all they have to do is walk into a store and take anything they want without paying for it, and if somebody gets in their way they just threaten them,and/or beat on them…….or create a riot and burn the stores to the ground. Where have we seen that exact sort of thing recently?The FINAL CONFLICT is BREWING,and when it begins those who think everything should be FREE will be among the FIRST TO FALL………..TO REALITY wherein there IS NO FREE LUNCH. NEVER HAS BEEN,AND NEVER WILL BE!
    The anger,and resentment of the behavior of these IDIOTS is slowly increasing. When the IDIOTS OFFEND they will feel the bight of reality.

  3. CW……….
    ……the slide in the price of crude has some potential to cause even further unrest. Should a barrel of crude get to $30.00,or less it could trigger mass layoffs in the energy sector. The only hope would lie in the FED buying up all surplus crude,at support prices. If it costs $100.00 a barrel to get it out of the ground,the oil companies would end up losing billions. …………soon gold and silver will follow. Be ready to unload on a moment’s notice. …..Wait too long and you could end up taking a bath in your precious metsls.

  4. OLDSAILOR82….good morning old friend
    Reference the price of a barrel of oil……it is all planned buy OPEC….

    They are reducing the price of crude trying to put the fracking operations in the US out of business….if that happens, the price of a gallon of gas will shoot up to five dollars….mark my words on that….

  5. RMINNC…….
    RIGHTO………..we have enough shale potential to last us for at least a couple of centuries. The fracking is going on now in even pumped out and previously abandoned oil properties. and almost throughout the Permian Basin. The old Black WarriorTrust is one of the American trusts, and is approaching paid out status. I used to own units of a trust which dealt in Canadian oil properties. When the slide started I bailed out. I should have SOLD SHORT, but I wanted out quickly.This was a Canadian Trust. I watch the Canadian oil market closer than I do our own. The only people who have not felt the downturn as badly are the Pipeline LP Companies. Kinder Morgan is one such American company,but there are lots of transmission companies. Most are MLPs.(Creates a need for some extra accounting services at tax time). Canada has already undergone a huge change with regard to MLPs, perpetrated by their HONCHO. (They call it exactly what we do……TAXES.) which resulted in complete restructuring of many Canadian MLPs.( MLPs are Master Limited Partnerships)

  6. oldsailor82…..

    Any American or European with an ounce of sense can see what those Arab OPEC nations are doing……

    When they bankrupt the fracking industry… will be “Katy bar the Door” with prices going out the roof……that should take a lot of cars off the road….

  7. MERRY CHRISTMAS…to every one of you fine people on this blog

    Just wanted to express my joy because for the first time in over a year December 21st…I will be able to HUG my grandson! We have been able to talk on the phone every day since he got out of that Hell hole county jail! He is doing fine in treatment and is doing really good on his GED classes. I am so proud of him.

    Some day I pray that the truth will come out where my grandson was set up not just the evil prosecutor but his buddy cops in two cities.
    My grand son’s lawyer ask the prosecutor don’t you have names for your witnesses and he replied “I do not have to.” What does that tell you? The meth charges was quietly dropped against my grand son but the other person with the almost same name as my grandson that is the guilty party but has never been charged for the Meth charges that would have put my grandson in prison for 20 to life! But the other male (with the same name) rapes a little eleven year old child is in jail waiting trail. Get this the male that helped to hold the little girl down has never been charged!!!!!!!!!!!!!!!!!

  8. Congrats Ginger!

  9. Ginger………..
    FAITH lies in the heart,and soul. You obviously vest a great deal of it in your grandson……….good for you! My prayers are with you…….he needs somebody!

  10. RMINNC…….
    While I was thinking over what you said regarding the fraccing,it occurred to me that even though very remote,it is entirely possible that one day the entire middle east could become one SUPER SIZE SINK HOLE. All of the oil that has been pumped out from underground over the last 100 years,could leave billions of cubic feet of DEEP and empty voids into which eventually the surface could go crashing into…….possibly taking MILLIONS of people with it. I am talking about a sinkhole the size of Arabia suddenly opening up. Given what is known about PLATE TECHTONICS,such a thing ever happening is REMOTE…..but POSSIBLE. It would turn into a catastrophe of unprecedented proportions. It would eliminate a lot of GOATHERDERS,and towelheads with out a doubt,and dependent upon where it occurs it could conceiveably clean out the ISIS band of child murdering BASTARDS.

  11. RMINNC……
    ……..the GOATLOVERS recently beheaded 4 Christian children all of whom were less than 15 years of age. I PRAY that GOD will soon drop the other foot on the those who do this sort of thing. They are the absolute WORST BASTARDS ON EARTH.

  12. ………it would seem that if God has the power to part the Red Sea,then it shouldn’t be difficult for him to turn the middle east into a SUPER GIANT sink hole.

  13. Thank You Mr. Wells and oldsailor82…God Bless You

  14. I have been praying for a very big sink hole underneath the white house. Only when the girls are at school! Can you imagine all the scum that can be done away with? All the Muslims that control the white house VJ, Communist scums.

    I pray that there is large sink holes in the middle east and God opens it up but protects the Muslim Christians. If that would happen I think a lot of people might start fearing for their lives knowing God is sick and tired of the evil among us

  15. OT, but very good: (seventy years ago this month)
    ‘This was beyond just good military planning or good fighting’>/b>


  16. Thanks cabbyaz.
    The hand of God throughout the war.

  17. Evil is very strong and maybe to much for us citizens and God knows this! He also knows that he has to help Israel….so please Lord take over and rid us with this evil.


  18. CW, you’re so welcome. I imagine there are other obscure or untold stories of similar nature, but this particular campaign, no doubt, turned the course of the war.

  19. Ginger,
    Just want you to know how overjoyed it makes us here to learn of your grandson’s improvement. You have every right to be so grateful and pleased. May he continue to gain ground as he feels secure in your love. You were certainly steadfast in your commitment, and now you are seeing the fruit of your labors.

  20. Here is one for EVERYBODY……
    Just happened to tune in to Fox this evening for a few minutes, when there he was once again MR.MORON WILLIAMS. When I hear him talk it makes me feel nauseous.He is about the most twisted person that I have ever listened to. He sounds like a RABID LIBERAL.He even implies that certified documents are in error,yet he OFFERS NO PROOF,as such. He tried to talk about stuff tonight that was WAY over his head, simply because he WAS NOT THERE WHEN THE CIA was investigated,after which Soetoro himself along with his (BACKSIDE buddy) (HOLD HER) stated PUBLICALLY there was NO PROSECUTABLE EVIDENCE of WRONGDOING FOUND…….PERIOD. Now Mzzzzzzzzzzzzzz.(S.F.QUEER DEAR) has to start a near war over something that was settled several years ago. …..then MZZZZZZZZZZZ.Tuna has to jump in and begin her idiotic raving. Yet NONE OF THEM seem to think that Americans being beheaded by the GOAT LOVERS is bad at all. Tells a real story on just how badly the LIBERAL MANIACS’ mentalities are twisted.But then what else should we expect from from (EXTREMELY CLOSE) friends of Mzzzzzzzzzzzzz. Fonda. It also shows that these people will stop at nothing to spread any twisted words they can in the hope of creating MORE CHAOS in America. If the aforementioned figures are examples of the quality of America’s leadership, America IS IN GRAVE DANGER! I fully believe what Cheney had to say about it. He has NO REASON to LIE.

  21. ………”PLEASE DON’T HURT OR TORTURE OUR SWORN ENEMIES” says the (queer dear)…….YOU KNOW ….THOSE WHO WANT TO BEHEAD ALL CHRISTIANS ON EARTH. You are supposed to remain silent, and praise a FAILED WHITE HOUSE for its “DIFFERENT” prosecution of the CURRENT WAR. This expectation ranges from the top echelon,down through the DOJ,and even Congress. It is probable that our long dead WW2 GENERALS,AND FIELD COMMANDERS have already turned over SEVERAL TIMES in their respective graves,…… in total shame!

  22. ………AND NOW ……
    ………we are seeing our worst fears materialise. Congress has given the USURPER every penny he asked for,and secretly some backroom legislation that was added at the last minute which will impair everybody’s Constitutional rights,particularly the our First Amendment rights.If you DON’T CARE then hopefully I won’t hear you WHINING later.

  23. ……..but keep in mind when the so called government tries to take away our RIGHTS it REQUIRES A Constitutional CONVENTION to legally amend the Constitution. So they can add all the backroom line items but such additions equate with EX.orders. They DO NOT OVERRIDE the Constitution, OR the Bill of Rights. Anybody whose Constitutional rights are deliberately ABUSED, or TAKEN AWAY without proper authority can SUCCESSFULLY SUE those responsible in a court of law. This includes LEGALLY UNJUSTIFIED imposition of MARTIAL LAW. Millions of Americans who are Citizens could file a class action civil suit against any UNAUTHORISED ACT by a state,or federal government which either temporarily,or permanently overrides, or takes away the Constitutional rights of citizens. Any form of MARTIAL LAW MUST CARRY CONGRESSIONAL AUTHORISATION. THE POTUS (BY HIMSELF) CANNOT LEGALLY IMPOSE SUCH ACTION. HOWEVER IF SUCH ACTION WAS DECLARED AFTER A FORMAL DECLARATION OF CIVIL WAR AGAINST A TYRRANOUS GOVERNMENT WOULD MOST LIKELY NEVER BE IMPOSED BY THE MILITARY, OR STATE AUTHORITIES. SUCH PEOPLE WOULD REALISE THAT IT WOULD BE FUTILE DURING SUCH A WAR. LAW IS RE ESTABLISHED AFTER THE FACT.

  24. oldsailor82

    Talk about Martial law, this is one you won’t believe.
    America’s military has purchased 30,000 Guillotines…
    and for what?

    Shocking information being kept from the public!

  25. Trey Gowdy for Speaker!

  26. I hear that Barry is releasing the pictures of the SO CALLED torture! If I remember right they have already been shown! They have to do everything they can to keep the f…n muslims roused!
    Oh, please God show us the way to kill the evil among us! We are ready but we do not know how many will stand to save our country or who to trust or not trust to lead us.

  27. You got that right…..CW.

    Bullshit and banana’s…..what a combination !


    You got that right CW…..

    Bull$hit and bananas……..what a combination !

  29. RM & CW………
    Bullshi# colored SNOW JOB! With all the side dishes you want. I guess all of the (S.F. queer Dear’s) CROTCHETY raving,and ranting makes her feel IMPOOORRRRRRTANT! In reality such a person has no more value than the pimple on somebody’s ass…………yet all the MORONS allow her raving to stir up another SLIMEY,STINKING LIBERAL POT OF STEW ( PRIMARY INGREDIENTS) BEING BULLSHI# AND BANANAS.

  30. Ginger………
    Of all the politicians in the RINO ranks,Trey Gowdy would be a great choice,but not for speaker,…. RATHER for POTUS in 2016. He would be a natural if Mzzzzzzzzzzzzzzzzzzzzzzzzzzzz, “Benghazzi”(Clinton) decides to run for potus. He would verbally tear her a new anus in pretty short order,and probably all of her SLIMEY SUPPORTERS as well. Trey Gowdy doesn’t miss much,and if he does it is most likely irrelevant.. That is a PRIMARY mark of a diligent prosecutor. Wonder how he would fare against a person like Putin……….who is really a highly trained SNEAK. SNEAKS are extremely dangerous people,and require constant observation, and analysis. When they come at you it is usually from your BLIND SIDE.

    Indiana now on the brink of allowing medicinal marijuana growing and recreational use. Auto insurance premiums will DOUBLE, perhaps even TRIPLE. With any luck the cost of the insurance will keep the POTHEADS BROKE and unable to buy their “AHEM”…..MEDICATION.

  32. bye bye………..Gotta take my MEDS. har har

  33. Some reports suggest that Speaker of the House John Boehner (R-Ohio) helped pass the so-called “CROnimbus” bill through the lower chamber last week because the National Security Agency (NSA) has some information that could ruin his career–and potentially the Republican’ control of Congress.

    The bill, which was passed by the House last week and by the Senate on Saturday, fully funds not only the Affordable Care Act (Obamacare), but also President Obama’s executive action on immigration.


  34. Oh the hypocrisy is sickening….Sony gets hacked and emails reveal racial statements (jokes) made by the execs against the prez. Not a word of disgust or statements made by the media.

    Then we have a basketball team owner make a racial comment in a private telephone conversation…and all hell breaks loose; to the point of him losing the franchise. With, btw, nonstop media coverage.

    Because Hollyweird supports O’s liberal agenda and financially supports him with major fundraising and personal donations…they obviously get a pass.


  35. bob strauss | December 15, 2014 at 4:13 pm |

    The Chicago way….Lie, steal, blackmail, murder (suicide???)

    Gen Petreaus recently got a taste of that Chicago brew

  36. Obama loves to play the racial card to distract from the horrible unemployment rate for young African Americans.

  37. Young Palestinians are increasingly fleeing Gaza for Israel, preferring to risk what they call the “comfort” of Israeli jails to life under Hamas, according to a report today written by journalist Khaled Abu Toameh. Geez you think the liberal media will report on this?

  38. GOS is Good….GOD is great…….believe



  41. I saw this on one of my other website just now and have to publish it here because it is so damn true……….

    Boehner the spineless Speaker
    Has a very shiny nose
    And just like Pinnochio
    You would even say it grows

    Johnny betrayed his party
    Never even tried to fight
    Turns out he is a coward
    Leaning left instead of right

    Some of the braver Senators
    Have spoken out and called him names
    They will not let this traitor
    Get away without some blame

    Then one foggy dreary night
    Barry came to say
    Johnny with your nose so brown
    Won’t you lay your integrity down

    Now all the rinos love him
    Progressives and liberals too
    But now poor little Johnny
    Will soon find out that he is through
    I have had it with the republicans, and the democrats….they are both alike and “joined at the hip”, they think alike and act alike…..we voted for the republicans in November expecting change and all we got was more of the “same old sh$t” …WE THE PEOPLE have been sold down the river by a bunch of “pretend to be republicans” who have let Obama blackmail them into doing his bidding…..

    There is only one way to turn …and if the people do not turn that way soon…it too will be blocked……I hope and pray there will be enough votes in Jan to turn Boehner out to pasture and also his A$shole buddy, McConnell from Kentucky……these two are giving away the store to Obama……

    If something isn’t done within the first six months of 2015, nothing will be done and Obama (aka Soetoro) will skate avoiding all his transgressions and crimes and the people will never know the real truth about this foreigner who has control of our country and destroyed it in seven years just as he promised……

    If the Tea party does not get some traction, then that leaves only one way open for the people…….it will be messy and very painful…but it will be better than slavery which our politicians have in store for us now……

    Very soon, every citizen will have to make that choice……..I am just afraid most of them will choose slavery over freedom.

  42. We ought to do good to others as simply as a horse runs, or a bee makes honey, or a vine bears grapes season after season without thinking of the grapes it has borne.

    Marcus Aurelius
    Roman Emperor 161ad – 180 ad

  43. RMinNC | December 15, 2014 at 6:30 pm |

    Thanks, RM; I needed that! That’s one of the toughest songs on the planet to sing and the little lady with the Teddy bear in her pocket performed it flawlessly!

  44. JUST HOW MANY TIMES do Americans have to be kicked on their gonads before they realise that they need to do something to END IT. Gruber is RIGHT. Anybody who would allow our so called ELECTED officials to keep on kicking them on their gonads over, and over HAS TO BE THE DUMBEST PEOPLE ON EARTH. How many times will it take before you begin to see something wrong with the picture? Sadly by the time people decide to do something it will already be too late……….the FINAL SOLUTION will have already been applied……..BY THE VERY PEOPLE YOU ELECTED! Has anybody ever heard of the FINAL SOLUTION?

  45. ……….maybe there is hope for pure unadultered love between the people of planet Earth. God knows there has been far too little of it. Listening to the little girl sing about it, tells me that HER HEART AND SOUL was in it as well. People need to start helping each other instead of HATING each other……..maybe it would have an effect on crime as well. It seems as thouh every newspaper we read there is story after story of murder and mayhem. Maybe a lot of adults in the world need to learn the same song. Dolly Parton also did the song years ago.

  46. RMINNC…….Re 8:36 PM

    10-4 sir.

  47. RMINNC………
    Thanks for posting the Black Sheep video. The accomplishments of the 214th Black Sheep Squadron during the war in the Pacific are well known……particularly to those of us who looked up to,and admired such people. I used to own over 100 volumes of air combat in many parts of the world. I have never shed my love of aircraft. It might seem a bit odd that I ended up as a rated member of the engine department in the Navy. I simply went where I could move forward the fastest. That was in a 120 degree F engine room. When we was at Barrow Alaska, I often slept in the engine room.

  48. Old Sailor @ 9:35 pm….”Dolly Parton also did the song years ago.” Dolly wrote the song! I kind of like her version way better than Whitney. I remember either reading or watching an interview with Dolly where she was asked if she felt bad that Whitney Houston’s record was so much more popular than hers in which she replied something like, “No, she sings it so beautiful and I’m making a ton of money just for writing it.” It was a win win for Dolly too!

  49. December 15, 2014
    The Greatest Constitutional Document of All
    By Rob Natelson

    It is said that no second heir to the British throne has been named John because of the reputation of the first.

    King John (1199-1216) could be charming and efficient, but he was ruthless and utterly untrustworthy, and several times he drove his subjects to the point of rebellion. Out of one of those rebellions emerged the most influential constitutional document in Anglo-American history — perhaps the most influential of all time.

    On June 15, 1215 in the meadow of Runnymede on the banks of the River Thames, English barons forced John to seal the first version of Magna Carta. The Latin title reflects the document’s Medieval Latin text. It came to be called ​​Magna (great) to distinguish it from the lesser Charter of the Forest.

    Thus the coming year of 2015 marks the 800th anniversary of the event at Runnymede.

    John died in 1216, after having repudiated the Charter. However, his successors have repeatedly pledged their adherence to it. Portions remain law in England today.

    In many respects, Magna Carta was similar to other medieval European royal charters granting liberties and privileges, and indeed it restated some terms from a charter issued by Henry I over a century earlier. What distinguished Magna Carta was the universality of its grants. It acknowledged rights and privileges not merely for the barons who extracted it, but also for women, for merchants, for the church, for all free persons, and in some cases even for unfree agricultural workers. A particularly striking provision (Chapter 60 of the 1215 version) provided that the barons would grant to their own vassals all the liberties the king was granting them.

    This universality probably was due to the vision of Stephen Langton, Archbishop of Canterbury, a former professor at the University of Paris, and​ ​the inventor of our system of dividing biblical books into chapters. Langton played a major role in negotiating the settlement between John and the barons.

    Subsequent English kings repeatedly reissued or reaffirmed Magna Carta, even if they did not always honor its terms. Copies were lodged in every county in England. Magna Carta became the first entry in the English Statutes at Large. It was read aloud to the populace on regular occasions in public places throughout the realm. During the reign of Edward III (1327-1377), Parliament enacted statutes elucidating the meaning of key provisions. By the close of the Middle Ages, Magna Carta was recognized as a document of constitutional proportions.

    Parliamentary spokesmen relied on it during their pivotal struggles with the kings of the Stuart dynasty (1603-1689). The most famous of the Parliamentary spokesmen, Sir Edward Coke (1552-1634), penned a treatise on Magna Carta. This subsequently was included in his Institutes of the Lawes [sic] of England, the single most popular law treatise in Britain and in British America until supplanted by Blackstone in 1765. Coke was therefore a primary source from which the American Founders learned their law.

    Magna Carta, particularly as interpreted by Coke, formed a basis for terms in key American governmental documents. Echoes or paraphrases appeared in each colony’s charter, in the Massachusetts Body of Liberties, in Pennsylvania’s Frame of Government, and in similar instruments. During the decade of tension with Britain that preceded the American Revolution, spokesmen for the American cause relied partly on Magna Carta to support their case. After independence, Americans inserted provisions derived from Magna Carta into their new state constitutions, into the Articles of Confederation, and into the federal Constitution of 1787.

    The Due Process Clauses of the Fifth and Fourteenth Amendments are the successors of Magna Carta’s famous Chapter 39, which provided that the king would not penalize any subject other than according to the judgment of the subject’s peers or the law of the land. The Fifth Amendment’s Due Process clause included an implicit ban on many civil ex post facto laws, which served the goal of its drafter, James Madison, of compensating for the narrow ratification-era understanding of the Ex Post Facto Clauses (Art. I, sec. 9, cl. 3 & sec. 10, cl. 1).

    The Constitution’s Privileges and Immunities Clause (Art. IV, sec. 2) stems from Magna Carta’s guarantees of free entry and exit from the kingdom for merchants and other travelers (Chapters 41 and 42). The proportionality rule of the Eighth Amendment derives, in part, from Magna Carta’s bans on excessive amercements and on seizure of the tools people used to earn a living.

    Magna Carta contains predecessors of the Sixth Amendment guarantees of a local (Chapter 18) and speedy (Chapter 40) trial, and to confront witnesses (Chapter 38). The Thirteenth Amendment proscription against involuntary servitude is prefigured in Chapter 23; aspects of the Commerce Clause (Art. I, sec. 8, cl. 3) by Chapter 33, and the Weights and Measures Clause (Art. I, sec. 8, cl. 5) by Chapter 35. The Fifth Amendment Takings Clause is anticipated by Chapters 19 and 21 of the 1225 version.

    No wonder Justices of the Supreme Court have cited Magna Carta in over 175 cases. It a foundation for American liberties — as it has been a foundation of the liberties widely enjoyed throughout the modern Anglosphere.

    Rob Natelson is Senior Fellow in Constitutional Jurisprudence at the Independence Institute in Denver. He wrote the entry for Magna Carta in the Encyclopedia of the Supreme Court of the United States (Macmillan Reference, 2008). Supreme Court justices have cited his work 16 times in four different cases since 2013.

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  50. December 15, 2014
    Rising Seas Are Nothing New
    By Viv Forbes

    The most careful analysis of world sea levels suggests they are rising at between zero and 2mm per year.

    Sea levels are never still, but with global temperatures flat and snow cover and polar ice steady, sea levels are probably as stable today as they ever get.

    However, we still have climatists creating computer models that predict dangerously rising seas to justify their goal to ban coastal development and to revive their failing war on carbon.

    Alarmists should study Earth history.

    At the depth of our most recent ice age, just 16,000 years ago, a thick sheet of ice covered much of North America and Northern Europe. So much water was locked up in ice that humans could walk on dry land from London to Paris, from Siberia to Alaska, and from New Guinea to Australia.

    There was no Great Barrier Reef, as Queensland’s continental shelf was part of the coastal plain, and rivers like the Burdekin met the ocean about 160 km east of its current mouth.

    Then, about 13,000 years ago, with no help from man-made engines burning hydrocarbons, the Earth began warming. This was probably caused by natural cycles affecting our sun and the solar system, aided by volcanic heat along Earth’s Rings of Fire under the oceans.

    The great ice sheets melted, sea levels rapidly rose some 130m, and coastal settlements and ancient port cities were drowned. Without zoning laws to guide them, our smart ancestors moved ahead of the rising waters and adapted happily to the warmer climate with less snow, more rain, more carbon dioxide plant food, and more ice-free land.

    This warming phase peaked in the Medieval Warm Era about 1,000 years ago, when sea levels also peaked. They fell during the Little Ice Age, rose slightly during the Modern Warm Era, and are relatively stable now.

    Rising seas are never a lethal threat to life on Earth. The danger sign is falling sea levels caused by return of the great ice sheets. This would quickly put high-latitude farming into the deep freezer, thus creating widespread starvation. Trying to grow crops on emerging salty mudflats in an icy climate will give future farmers a real climate concern.

    And despite World Heritage listings, when the next ice age comes, the skeletons of the stranded Great Barrier Reef will become bleached limestone deposits on the coastal plain. The indestructible coral populations will abandon their marooned homes and build new reefs farther out under the retreating seas.

  51. Domestically, his only real “accomplishment” at this point looks like the Eric Holder policy of suspending enforcement of federal marijuana laws. This will be a “legacy” of interest to fellow pothead members of Obama’s “Choom Gang” in Hawaii, and the emerging cannabis industry. But it’s doubtful most people will appreciate this historic development

    Read more: Family Security Matters
    Under Creative Commons License: Attribution

  52. Exclusive: Lord Monckton warns of ‘greater threat to liberty than fascism or communism’

    After the usual impeccably choreographed all-night “negotiation,” delegates of almost 200 nations at the latest annual U.N. climate yak-fest – this time in Lima, Peru – reached the usual agreement not to agree on anything except that the process by which they profit must continue.
    Not one delegate made any mention of the fact that every single one of the mad scientists’ predictions about the global warming and consequent planetary doom has failed to happen.
    Notwithstanding record increases in CO2 concentration, global temperature has stubbornly failed to rise at all for 18 years, two months and counting.
    The rate of warming in the 25 years since the first report on the subject in 1990 by the U.N.’s climate panel has been less than half what its useless computer models then predicted.
    Sea level is not really rising at all. Global sea ice is at a record high extent. There have been fewer tornadoes in the U.S. in the past three years than since records began. The area of the world under drought has fallen for 30 years. There is no increase in the intensity, frequency or duration of flooding, nor in tropical cyclones, nor in hurricanes, nor in typhoons.



  54. SUEK….hello friend

    Yes I agree with you….I have never heard it done any better…even by Whitney.

  55. Every person should start his or her day off with a positive attitude and a “can do” spirit…..then whatever follows can be coped with. I start my day off every morning with a quote from Marcus Aurelius, a wise old man who carved his place in history by doing good deeds…here is today’s quote:

    Never let the future disturb you. You will meet it, if you have to, with the same weapons of reason which today arm you against the present.

    Marcus Aurelius
    Roman Emperor 184AD-180AD

    A lot can be learned by studying the past, but nine out of ten people are willing to wallow in the never-never land, never knowing, and never caring.

    That is sad because then they have never lived as God intended them to..

  56. RMINNC……..
    Good morning sir,……….I second what Marcus had to say.

  57. Good morning oldsailor82……

    Marcus was a wise old man….too bad Rome had no use for wise old men.

    How are you this morning?…its raining here in the Carolina’s today…not too cold though.

  58. In a drastic measure in trying to save their Ruble, Russia just raised interest rates to 17%. In 1998 when they did something similar, our US markets corrected 20%. Back then, we were on a more stable financial footing than now, yet it didnt prevent the correction. For those of you currently in the markets, beware.

    I have been looking for at least a 20% correction, but didnt think it would come until 3rd quarter 2015. Looks like it will happen despite what J. Yellen and her Fed will do

  59. i george………
    Yes ,I agree. I knew that Dolly had written the song,but when I said “DID” I probably should have used a more precise verb. I would suspect that the popularity of the song might be more connected to the person who sings it rather than to the person who WROTE IT. To a point I sort of look upon that as tragic…….but who am I to judge. The little girl certainly done a beautiful rendition of the song. I think Dolly would have applauded her as well.

  60. RMINNC……..
    ……of late I have been having some episodes of depression. Sometimes I go out in my shop and just sit there and mentally travel backward in time, and I end up reliving a lot of the things that my first wife and I done together when we lived in Brooklyn. I have to say it is quite painful,but I have never forgotten her. She passed away in 1981. Everything we done together was sort of like being right out of a story book. Nearly every weekend we went somewhere special. I loved being where we were in those days. It was amost magical. We went to see Nat Cole at the old Radio City Music hall, and in the summer we used to visit Palisades Park, in New Jersey,or we would go to Riis Park on Long Island. We done everything TOGETHER. I still miss her…..terribly. It is like an open wound inside of me that refuses to heal. Maybe I am being paid back for having taken her out of her domain. Whatever the case, there is not a day that passes during which I havn’t thought about her. It makes me wish that God would put my subpoena on the top of the pile. At least there will be PEACE. I am tired,and I hurt like hell.

  61. Bob Strauss………
    It has been many decades since I read anything relating to the Magna Carta. I remember that I learned about it in the FIFTH grade. Unfortunately I reatined very little of what I was taught in that regard. Natelson has tendered a very interesting article. Quite different than in the FIFTH GRADE. Thanks for presenting Natelson’s work. I read it twice! Great brain food!

  62. oldsailor82…….

    I know how you feel brother….I lost my first wife in 2005 to a botched up surgery that the doctor said was 95 % safe….she stayed in ICU for 30 days but each day she was in a medical induced coma….it was a painful experience for me and my two children and grandchildren….God mercifully took her on my birthday the 22 day of Feb 2005….

    I use to look forward to my birthday each year, now I dread it coming and it has become a day of personal mourning for me….

    But life must go on my friend…..we cannot and should not live in the past. It is expected that we look back on our past lives with fondness and think of all the good things we have done……but regrettably we cannot turn the clock back….I’m sure if we could, both you and I would do so.

    As I said in an earlier post this morning…..I try each day to awake with good thoughts and a positive attitude…some times it’s harder than other days….but I know its best that I try.

    God works in mysterious ways…he takes his own home at his calling, not ours. I say that knowing my first wife is in heaven where she belongs. I’m sure yours is also there.

    So my friend…try not to be depress and live in the past…it will bring you nothing but grief and heartache …..both you and I have a lot of living to do yet….our God is not through with us yet…..

    At least that’s what I tell my daughter…. and she agrees.

    I’m not very good at giving council, but I hope these words have helped you this morning.

  63. RMINNC…….
    ……….I know it is unproductive to live in the past……but if we must revisit the past like you said it should be in highlight of all the good things. ……….But BOY THE PAST HAS TEETH LIKE A CROCODILE. I guess we as humans are prone to our emotions.

  64. A Request to GOD……..we need all the help we can get……

    Speaker of the House Trey Gowdy — How does that sound?

    After the latest round of betrayals when old drunkard John Boehner tearfully threw in with Barack Obama, it has become crystal clear —

    Boehner has to go !!!!

    We need a real conservative fighter, we need the Speaker of the House to be Trey Gowdy — a true American.

    Let me explain: in the last 7 days, Boehner has single handedly betrayed us and squandered the election results before a new Congressional majority could be sworn into office.

    After securing 15 more seats in Congress in November’s mid-term elections just weeks ago — the biggest GOP House majority in over 80 years, and a 55 seat Senate to the Republicans, this was a true mandate if ever there was such a thing.

    We need a strong leader in Congress who’s fired up and eager to take on Barack Obama and his arrogant Imperial Presidency!

    Instead we have red-eyed John Boehner, who is bedding down with the usurper and is giving in to the whole giveaway Obama agenda — amnesty, Obamacare, and a fully funded government with more bells and whistles more than Soetoro ask for in the first place.

    It’s now a done deal, and Boehner has once again proven himself to be nothing but hot air and no action.

    “Fool me once, shame on you…fool me twice, shame on me.”

    The American people are desperately looking for leadership to reverse the disastrous course Barack Obama and the Democrats have plunged our country into.

    We need Trey Gowdy as Speaker of the House … and possibly a “run for the roses” in 2016…all I see now is a tired old Romney, and another damn Bush standing in the wings !


    Sendolo Diaminah is a new addition to the Board of Durham Public Schools, in North Carolina.

    Strangely, during his campaigning for office, he didn’t describe himself to the voting public as he did to his friends, as “a black, queer communist.”

    Comrade Diaminah is the General Secretary of the Freedom Road Socialist Organization, the US’ most influential Maoist grouping.

    As leader of the organization, Diaminah represented Freedom Road at a 2013 meeting in New York with leaders of Committees of Correspondence for Democracy and Socialism, Communist Party USA, and Democratic Socialists of America to discuss closer cooperation and even a possible merger of all communist organizations within America.
    Not only is “Comrade Secretary General of the Freedom Socialist Organization” Diaminah going to turn the children in the Durham area into good little communist followers…

    but he’s also going to indoctrinate then into being good little queers also…

    Now you know what’s wrong with “public education” in most of the 50 states of the union…..most who post here has known this for a long time, and those who have children in the system have done little or nothing at all to “keep the lambs from clutches of the wolves”.

    My advice to those who have school age children is too blame no one but yourself if your children grow up to be something you despise and hate.

    You will have brought it upon yourself by closing your eyes to the first day they start school in the nation’s “public educational system”….which is nothing but a breeding ground for……… communist and queers.

  66. Honor First………..
    Now you know exactly why I cut all energy issues out of my portfolio. I key off of Canadian oil. Food proccessors,packers, and the big board grocers have done fairly well…..particularly KR, and WMT. A couple of pharmaceuticals look interesting.I still hold a couple of Canadian gold producers,and a couple of MLPs,but I watch everything VERY CLOSELY. Presently I am about 50% cash position. Thinking about some MUNI BONDS.

  67. RMINNC………
    ……I personally believe you are quite accurate about what is going on in our public school systems. The frequency of teachers molesting students has increased significantly. Homosexual teachers are openly allowed to prey upon kids. Even female teachers are GETTING IT ON WITH MALE students. It is clear that the preoccupation of teachers is now SEXUAL at both GRADE and HIGH SCHOOLS,rather than literal academics. US History has become a dormant subject. Here in Ft.Wayne, the contents of one semester of History (not US History) is presented in a very hurried manner,and is extremely narrow in scope. Many so called teachers are leaving out the Constitution,and the Declaration of Independence. This has been going on since the 1980s.

  68. oldsailor82 | December 16, 2014 at 12:27 pm |

    The wife you lost (obviously the love of your life) would be frowning down from heaven if she knew you continue to mourn her loss.

    As you think of her daily, put a smile on your memories and be happy for the joy she brought to your life. Sadly, some folks never experience true love and the joy it brings. You have been blessed. I know the pain of losing a loved one, but I know in my heart I would fail them if I allowed myself to be sad when I think of their memory.

    Those of us here at CW enjoy your presence and your well informed posts. Please continue to share that with us.

    Carpe Diem.

  69. oldsailor82….

    It’s called dumbing down…nobody wants to teach anything…. and nobody wants to learn anything….it’s all part of the master PLAN…..

    Keep them dumb and keep them down on the farm…. you can control them better. A smart student is a dangerous student….one who can put all the pieces of this corrupt establishment together…..the establishment does not want that !

    This “dumbing down” all started way back in the 1950’s…..with the Brown vs BOE….now the standards are lowered each year so the students can reach them….

    Each year the standards are lowered…..instead of failing a non producing student, they are putting diplomas into the hands of idiots who can’t even write their name……and only attended school to sale their dope.

    The queers and sexual deviants started invading the educational system in the early 60’s and with each passing year, there were more to contend with….that too was part of the master PLAN.

    Sending a kid to the public schools today is like sending him or her into a dangerous MINE FIELD….the dangers are all around him or her.

    If the student doesn’t encounter problems from other bully’s and queer students in the school trying to push dope off on them, they must evade the sexual advances from their teachers.

    I feel for any kid who has to endure this on a daily basis.

  70. ………..It is clear to me that the horribly twisted,and perverted mindset of the liberals,will eventually become the PREVAILING mindset of probably 60% of all Americans. Many folks talk about the twisted mindset of the Romans, which eventually ended their dominance. I remember reading a fictional publication in which a time traveller passed through ancient Rome,and he stated….”as far as the eye could see there was a sea of naked people,writhing,and twisting in various stages of sexual ecstacy…………and soon all Romans were caught up in a twisted morality.and all reason went out the window, and soon all they cared about was their insatiable sexual gratification. Not long thereafter nobody cared even for their own political maintenance,…..soon the Roman Empire was DESTROYED……..and from WITHIN…….and never again to be a RESPECTED FORCE on earth.

  71. RMINNC…….

    ……..What stage of self destruct are we at? Putin called it America’s suicide. I believe that at least in that regard he is 100% correct. In America MORALITY has GONE OUT THE WINDOW. If our laws were founded upon morality we would probably already be DEAD.

  72. …..For decades the alleged PROGRESSIVES have spouted their twisted,perverted,slimey and otherwise sick, and irrational reasoning upon our unsuspecting children,and low mental function adults which has destroyed individual initiative in learning. It appears that a very large portion of our alleged society are now INCAPABLE of using REASON or simple logic……they have no idea what reasoning is,or how to use logic. Yes I think that I agree with RMINNC… is the DELIBERATE DUMBING DOWN OF OUR SOCIETY,so that the DUMBELLS can be enslaved without them even realising it…….AGAIN GRUBER IS RIGHT! THEY ARE …..STUPID!

  73. Hey IB what is going on! Havn’t heard from you for awhile. We value your candor.

    BYE BYE……….I’m out of here!

  74. Lindt Cafe Terrorist Warned Obama Not to Hide His Islamic Faith

    Allahu Akbar.
    Sydney terrorist Sheik Haron Monis called out Barack Obama in 2008. He warned Obama during his campaign to not hide his religion.
    Canada Free Press reported:

    Among those who saw Barack Hussein Obama as an “apostate” for denying his religion as an Islamist, when he first ran as president in 2008, was the man who was to become the terrorist who killed two innocent hostages, injuring four others at the Sydney Lindt Cafe on Sunday.

    Signing his name as “Sheik Haron” and writing “Dear Brother Barack Obama” in the salutation of his letter, Man Haron Monis warned Obama on June 12, 2008:”You will be apostate by denying your religion, I advise you to avoid such a big sin.”

    Virtually ignored by the mainstream media since June of 2008, the letter was easily accessed on Monis’ personal website right up until the day following the Sydney terrorist attack—and even then only because courageous Front Page Magazine columnist Daniel Greenfield brought it into the glare of publicity.

    “Sheikh Haron, the Sydney hostage taker, had an extensive website which is currently down where he posted open letters to assorted politicians. These included a letter to Obama written during his original campaign.” (Greenfield, Dec. 15, 2014)

    “I got your message,” Monis wrote to Obama. “Hiding the religion for political purposes is not permitted. When a Muslim is asked about her/his religion, she/he must tell the truth. You think it is permissible by Shariah law to hide your religion to achieve some positions to be able to help Islam and to give a better service to Muslims. You are wrong, Shariah law doesn’t allow you to do so, your reason for hiding your religion Islamically is not a legitimate reason.”

  75. oldsailor82,
    Enjoy and thanks for your comments.

  76. Oldsailor82,
    I too was educated by the article about the Magna Carta, I had heard about it, but I didn’t know it was the basis of the U.S. Constitution. Let’s hope it helps to deter the usurper’s destruction of our country.

  77. This is probably true and fits in with what we’ve been noticing about the influence of the big money donors. This angers to no end, because what happened in this last election is the elitists used the tea party candidates in order to regain GOP power in both houses, but there is absolutely NO intention of the RINOS relinquishing their power to the principles of the Tea Party constitutionalists.

    The elitists betrayed us then and they will continue unless there is a battle royal on our part.
    You want to know why Jeb Bush is thinking about running?” Limbaugh asked on his top-rated program Tuesday.

    He’s … being looked at as savior by the big-money donor class and the consultant class – the establishment of the party – to head off the tea party. They’re gonna pull out all the stops to make sure that a tea-party-type conservative doesn’t get the nomination.
    Limbaugh said Bush is going to run “in a unique way.”

    “He’s going to do it by ignoring the base. Jeb Bush is out telling donors … that he is not gonna compromise his principles like others have in order to get the nomination, meaning he’s not gonna pander to the tea party. Nope. He’s not gonna pander to conservatives. He’s gonna show that you can win the Republican Party nomination without securing the base.”

    If this is the PLAN, I hope he fails big-time!

  78. CABBYAz……

    You are so correct….as I have been saying here at CW for a long time…there is no difference in either the democrats or republicans….they are both bought and paid for by big business and corporate powers…..

    Our country and all of our principals have been sold out to the highest bidder…with a ‘to hell with the common man” attitude. This Bush is no better than the other Bush’s…maybe even worse because the PLAN seems to be changing from a covert way of governing by the elitist to an “open and in your face” way of governing with the little man (the average voter) having no say so in the process other than to vote for one crook as opposed to the other….

    I am so sick and tired of all this deceit and corruption that overwhelms us each and every day that we rise with the sun……my grandfather told me something one time that is the cardinal truth…he said:

    There is no such thing as an “honest politician or a truthful lawyer”…they are one in the same. I guess that’s why Washington is full of both.

  79. Not to worry, Hillary says we should be empathetic to their cause.

    Taliban Commit Deadliest Attack of 2014: ‘Burn Teacher Alive in Front of Pupils & Behead Children’

  80. Obama issues ‘executive orders by another name’

    By issuing his directives as “memoranda” rather than executive orders, Obama has downplayed the extent of his executive actions…Obama has used a form of executive action known as the presidential memorandum more often than any other president in history — using it to take unilateral action even as he has issued fewer executive orders.


    Federal judge Strikes down Obama’s amnesty bill as UNCONSTITUTIONAL.

    A federal judge in Pennsylvania has released an opinion in a case of a deported illegal alien who returned to the U.S. that appears to torpedo the amnesty plan President Obama announced Nov. 20 and implemented through memos to government officials, ruling it unconstitutional.

    “President Obama’s unilateral legislative action violates the separation of powers provided for in the United States Constitution as well as the Take Care Clause, and therefore, is unconstitutional,” said U.S. District Judge Arthur J. Schwab.

    The judge noted Obama “contended that although legislation is the most appropriate course of action to solve the immigration debate, his executive action was necessary because of Congress’s failure to pass legislation, acceptable to him, in this regard.”

    “This proposition is arbitrary and does not negate the requirement that the November 20, 2014, executive action be lawfully within the president’s executive authority,” the judge wrote. “It is not.”

    I guess the next step in this unconstitutional amnesty giveaway is the Supreme Court where it most likely will be reversed…after all, you can’t have anyone questioning the thinking and actions of THE ONE……

    A much better thing for them to do is question Obama’s legal rights to be there in the first place !,

  82. It is quite unusual for a district court to reach this sort of constitutional issue in this sort of case. Indeed, Judge Schwab appears to have reached out quite aggressively to engage the lawfulness of the President’s actions…As I think about Judge Schwab’s opinion a bit more, it seems to me to be an advisory opinion.

  83. “Washington Compost to the rescue”
    I meant to include at the top of my post.

  84. SueK Would you please comment on this article please…thanks


    This country, with its institutions, belongs to the people who inhabit it. Whenever they shall grow weary of the existing government, they can exercise their constitutional right of amending it, or exercise their revolutionary right to overthrow it.

    Abraham Lincoln
    Amen Mr. Lincoln, Amen

  86. Will you be empathizing with them Msssssss Clinton as they chop your head off?

    And will you buddy, Msssssssssss Feinstein do the same as they blow up her beautiful San Francisco with a bomb?
    The answer of course is NO in both cases…so shut up about empathizing with the enemy and do what you have to, and what is required to defeat him.

    Because , I can assure you that he will cut your lovely head off at the shoulders, and smile as he does it.

  87. HonorFirst | December 17, 2014 at 7:55 am |

    Hi Honor,

    I read this article yesterday at work.

    First, they don’t tell me which ‘beta emitter’ they’re talking about; there are many. Potassium-40 (K-40) is everywhere and has been around since the planet was formed. We live with it, as we do with bacteria. If you ran a Geiger-Mueller counter over a banana, the instrument would spike…K-40.

    Whether or not the radiation is coming from Fukushima is not known. When the quake and tsunami hit, we knew that there was either a core or partial core meltdown, simply by the isotope readings that were being registered, mostly from stations on the Left coast. As far as I know, there’s no info coming out of Japan which would lead us to believe that there’s an additional problem.

    So, I don’t know what they’re finding; I’ve had nothing unusual spike in my neck of the woods.

    I can discuss this further, if you’d like. CW, would you please give my e-mail addy to Honor? There’s certain info I can’t publish on a public forum..

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