Tuesday, December 16, 2008

Free kibbles

The brother of the shoe thrower reports his captures have broken his hand and ribs. If this is true, the press will pretend it's Bush's fault. The press blames everything bad on Bush, but gives him no credit for his rare successes.

Reason analyzes the Fed's monetary policy and shows that it's the most dramatic peacetime experiment in monetary policy in history and shows that government's actions have made our financial problems worse. To prove Reason's argument, the latest Fed development is - FREE MONEY! The Fed sets a key short term interest rate to zero. The Fed has performed a miracle and made money grow on trees. How'd you think that will work out for us?

Consumer prices fell for the second straight month. I like lower prices, but I don't like the reason for them. Housing starts are also down. That's because we over built because of the Fed's irresponsibly loose monetary policy and the subprime push.

Since the $15 billion Congressional bailout, which Bush was originally against on "principle" (like Bush has any principles), for automakers failed, the Bush administration is planning on giving the automakers a $40 billion bailout. I guess Bush is afraid part of his legacy might be the collapse of one of the Big 3. I think Toyota, by announcing a delay in that plant opening, is just setting itself up to get some federal money too.

Senator Tom Coburn lists the worst government spending abuses. I saw in an interview last night that Coburn would only serve one more term. That's terrible news for Americans. Nobody else in government has the committment and the power to rein in government spending like Coburn.

Illegal immigrants returning home because of recession.

British restaurant refuses service to blind man because Muslim employees were offended by his service dog.

Lawrence Kudlow explains that the UAW killed the auto bailout bill because it expected Bush would bail it out.

Dick Morris explains that low oil prices are on the verge of defeating our enemies in Iran, Venezuela and Russia. The US government could have done this as well by allowing a free market in energy and adopting the FairTax, increasing our supply of oil as well as other energy supplies which would decrease our demand for foreign oil. We have the power to disarm our enemies, but our government won't do it.

Dick Cheney praises Obama's national security team. I can't help but laugh.

Obama's Sec. of Education nominee supports gay high schools. You got to be kidding me. It's segregation all over again.

Blagojevich's conversation shows he tried to sell Obama's Senate seat to Obama, appointing a close ally to Obama, in return for a cabinet post. Obama turned Blago down. Why didn't Obama blow the whistle? Rhetorical question.

Chart illustrates national debt and GDP.

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