This article is the contains the best real world explanation for why the Fed's policies can never fix our economic problems. Dumping money into the system always perverts the bond market and always creates inflation as soon as the economy shows signs of recovery. We learned that in the '70s. We learned it again in Japan in the '90s. Yet we're not only repeating those mistakes, we're repeating them on a titanic scale.Today the Wall Street Journal writes:
The unprecedented expansion of the money supply could make the '70s look benign.US government to pay Pacific island nation Palau to take the Uighurs from Guantanamo. I guess we can call Palau, Guantanamo west. Obama just wanted them away from the press and his radical leftist buddies so they would shut up about them and get back to the business of implementing Marxist revolution in America. Talk about shirking responsibility. Obama's a genius at that too.
...
With the crisis, the ill-conceived government reactions, and the ensuing economic downturn, the unfunded liabilities of federal programs -- such as Social Security, civil-service and military pensions, the Pension Benefit Guarantee Corporation, Medicare and Medicaid -- are over the $100 trillion mark. With U.S. GDP and federal tax receipts at about $14 trillion and $2.4 trillion respectively, such a debt all but guarantees higher interest rates, massive tax increases, and partial default on government promises.
The Supreme Court allows Chrysler-Fiat deal to complete. Wow. They didn't even hear arguments. Talk about shirking responsibility. There's a lot of that going around.
Congress is micro-managing GM and Chrysler. Shocker.
China and Russia claim to support resolution on North Korea that allows for boarding their cargo ships suspected of carrying nuclear equipment. I'd like to see this happen, but I'm skeptical it will actually get passed by the Security Council.
Obama calls for paygo which is the same as saying Obama calls for higher taxes to pay for his outrageous spending plans. But liberals keep telling us that Obama isn't going to raise our taxes? How can this be? He's also talking about increasing entitlements. Because entitlements are working so well so far.
The organized criminal outfit ACORN joins Al Gore and the man-made global warming fraud.
The Congressional Black Caucus plays the race card to support socialized medicine.
Open letter to Obama by scared guy.
I think the most important thing to remember about Democrats' plans for socialized medicine is that Karl Marx is jealous he didn't think of it. If he had thought of it, it would have been number one on his list of tenant for Marxism.
This white supremacist who killed the guard at the Holocaust Museum deserves all the pain he suffers through, then he gets locked up for life. But this story about the growth of hate groups is just a retread from anytime a Democrat is the president. Notice how the press never calls hateful, criminal groups like ACORN hate groups or corrupt? I bet they didn't even call Obama's pal Bill Ayers's Weathermen group a hate group.
Perky Katie has reached a new low in ratings. Good for her.
More and more people are catching on that Obama is intentionally harming Americans by destroying businesses and more.
"I’ve finally figured out the Obama economic strategy. President Barack Obama and his team have been having so much fun wielding dictatorial power while rescuing “failed” firms, that they have developed a scheme to gain the same power over every business. The plan is to enact policies that are so anticompetitive that every firm needs a bailoutIt doesn't sound like an exaggeration. Anybody who did their homework knew this was Obama's plan well before the election. I predicted it. I posted about it. This was obvious for anybody who did the work necessary to vote. Anybody who is surprised by Obama should never vote again. Leave voting to the adults who do the work to make informed decisions.
Once that happens, their new pay czar Kenneth Feinberg can set the wage for everybody and Rahm Emanuel can stack the boards of all of our companies with his political cronies.
I know, it sounds like an exaggeration. But look at it this way. If there were a power ranking of U.S. companies, like the ones compiled by football writers for National Football League teams, Microsoft would surely be first or second to Google. But last week, Microsoft Chief Executive Officer Steve Ballmer came to Washington to announce what Microsoft would do if Obama’s multinational tax policy is enacted."
""It makes U.S. jobs more expensive,” Ballmer said, “We’re better off taking lots of people and moving them out of the U.S.” If Microsoft, perhaps our most competitive company, has to abandon the U.S. in order to continue to thrive, who exactly is going to stay."Obama's plan isn't really Obama's plan. He's following Karl Marx's play book for implementing Marxist revolution, but thanks to modern updates, he has the destructive socialized medicine ball to play with and the man-made global warming fraud to use against us. I sent this guy a nice email asking him, if he really is surprised at Obama, to please never vote again.
Liberalism is crashing and burning around the world as it well deserves. It's a shame the Bush administration was so terrible that they empowered Barack Obama, or liberalism would be crashing and burning here too.
Oh my gosh. Even a non-scientific Yahoo poll, just people who visit Yahoo, the same people who spend all day on YouTube, shows that 66 percent think Obama is making the economy worse. The American people are figuring it out. Too bad they didn't do the work to figure it out before the election.
Chris Dodd wants Bernanke to ban overdraft fees for ATM and debit cards. These socialists are like kids in a candy store.
Obama and his fawning press need to get a room. Coverage of Obama is dramatically more positive than coverage of Bush or Clinton. I'm shocked again.
Why do Library of Congress agents need guns?
Ron Paul presents petition from 31,478 American scientists disputing that man-made CO2 is harming our climate.
"We urge the United States government to reject the global warming agreement that was written in Kyoto, Japan in December, 1997, and any other similar proposals. The proposed limits on greenhouse gases would harm the environment, hinder the advance of science and technology, and damage the health and welfare of mankind.I'm glad to see Ron Paul working to expose this fraud.
There is no convincing scientific evidence that human release of carbon dioxide, methane, or other greenhouse gases is causing or will, in the foreseeable future, cause catastrophic heating of the Earth's atmosphere and disruption of the Earth's climate. Moreover, there is substantial scientific evidence that increases in atmospheric carbon dioxide produce many beneficial effects upon the natural plant and animal environments of the Earth."
No comments:
Post a Comment