ES -- DX/CL -- isee -- cboe put/call -- specialist/public short ratio -- trinq -- trin -- aaii bull ratio -- abx -- cmbx -- cdx -- vxo p&f -- SPX volatility curve -- VIX:VXO skew -- commodity screen -- cot -- conference board

Friday, May 20, 2005


counting on someone else's spine

from my own state:

the illinois senate passes restrictions on video game sales to minors in a law that many representatives acknowledged is unconstitutional and will be struck down.

The sponsor, Sen. Deanna Demuzio, denied the measure would interfere with free speech rights.

"Video games are not art or media," she said. "They are simulations, not all that different from the simulations used by the U.S. military in preparation for war."

But other senators said the courts have already struck down similar laws elsewhere. They predicted the Senate-approved measure would never take effect and the state would end up paying hundreds of thousands of dollars in legal fees.

Still, even some critics said they would not vote against the measure for fear it would be used against them politically.

"I'm going to vote for this bill, but I'm voting for it for one reason — because this is a political bill," said Sen. Mike Jacobs. "If I vote against it, it will show up in a campaign mail piece."
if you needed an example as to why democracies are transient forms of government that decay into populism, lawlessness, chaos and tyranny, look no further than this. any wisdom or intelligence that might have been brought to bear is utterly vacated by the stupidity and gullibility of the proletariat to whom the lawmakers are beholden.

these lawmakers take for granted that some other, less publicly accountable branch of government will do the right thing, void their spinelessness and try to follow the law.

but i ask you: what if it doesn't? what if that branch is packed with political partisans and kept men? what if that branch wants to nullify its own authority before the tide of populism?

This page is powered by Blogger. Isn't yours?