Boortz claims he's been telling me for six months that there was a bank seizure coming up. I read Boortz regularly, though not every day, and I don't remember him ever saying that. I've been saying that Obama is planning to seize the big financial firms and use them to wipe out the entire financial segment of our economy, but I haven't heard that from Boortz before either. I don't think they can seize all the banks yet. That's a later step in the process. I look forward to reading what he's talking about.
It turns out Boortz was exaggerating. Frank's legislation is to seize firms that are determined too big to fail. That's what I've been saying. I'm sure Frank and Obama have been planning this since Paulson first advocated TARP. The surviving Wall Street firms think they're flying high on taxpayer money right now, but they made a deal with the devil, and the devil is going to literally own them soon, to the tremendous detriment of us all. This is how communism comes to America. Note to Charles Krauthammer, who thinks it's perfectly fine for Marxists to run around the White House: communism is alive and well and more threatening to America today from the inside than it ever was from the outside.
ECONOMY:
Physics student writes simple, concise summary of how and why an economy works and the roles of different players.
Even some mainstream economists are catching onto the impending crash, this one claiming the S&P is overvalued by 40 percent.
TAX AND SPEND:
Stunning graph of federal deficit or surplus since 1895. I keep using the analogy that the aristocrats are driving us over a cliff, and this graph makes my point.
FEDERAL RESERVE:
The dollar setting new lows is not news. If it bounces back, more than temporarily, that would be news.
HEALTH CARE:
Senate bill will include government trojan horse. Reid and Pelosi are between a rock and a hard place. Democrats have threatened to vote against the bill if it doesn't have a public option. No Republican will vote for it if it does. They're sticking with their base, and that's probably the smartest thing from their perspective. Now we have to put the fear of losing their jobs into enough Democrats to defeat the bill, but unfortunately, my Democrat senator Sherrod Brown doesn't fear that at all because he's not up for election for five more years. We have to write and call anyway. There's still hope to kill this disaster before it happens.
Lieberman plans to filibuster a bill with a government option.
""I think that a lot of people may think that the public option is free. It's not," Mr. Lieberman said. "It's going to cost the taxpayers and people that have health insurance now, and if it doesn't, it's going to add terribly to our national debt.""How hard is that to figure out?
How hard is it to figure out that taxing existing plans is part of the plan to push consumers to the government option? This is all planned.
Painfully little more information on the Senate bill. Lord knows Democrats don't want the people to actually see it. Cuts in Medicare.
Nancy Pelosi has changed the name of the public option to the consumer option.
Medicare fraud? Say it isn't so. I think $60 billion is a serious low-ball estimate. Wikipedia suggests it's more like 20 percent, or $74 billion. I wonder how much more fraud would happen with a significantly huger program like the government option.
"Of all the problems facing the United States right now, none are more important than health care. "You can tell who's agenda CBS is pushing. Or maybe CBS hasn't heard about our deficit, debt, unfunded liabilities, the seizure of GM, AIG, Citibank, other banks, Fannie & Freddie, etc.
Barney Frank says single payer systems work like in Scandinavia. He's misinformed (to be charitable). In the European countries where health care works, citizens pay copays. That brings market forces to work so they ration health care. This is what insurance companies would create if they weren't so limited by government. Our system has more government interference that takes the market forces out of the system.
GLOBAL WARMING:
Of course Obama is promoting a tax and trade bill that would intentionally kill US jobs. He told us so before the election. He told us he planned to make coal so expensive that the coal industry and coal power plants would go out of business. He told us he wanted to make gasoline more expensive, not only making us all poorer because of the direct costs, but also driving up the costs of every product we buy. Poorer people suffering higher priced products buy less, meaning people will lose jobs. That's the plan.
WAR ON DRUGS:
Just like I predicted, now officials are talking about legalizing marijuana so they can tax it, in this case to pay for health care. Just like repealing prohibition, except prohibition was enacted legally, with a constitutional amendment. Our politicrooks are so transparent.
POLITICS:
Obama heads the P.T. Barnum Administration of hucksters and conmen.
"It’s an era of hoaxes and hucksters. Balloons shaped like 1950s UFOs dominate the skies, and missing children out their parents for their stupid stunts. TV news shows are filled with made-up news stories and made-up quotes about Rush Limbaugh, and instead of the three-ring circus, the master of ceremonies tried to bring us all five Olympic rings."That's pretty funny because it rings so true.
WAR:
Afghan bombs kill eight US troops in deadliest month since we invaded in 2001.
FOREIGN POLICY:
Boortz suggests a blockade of Iran. I've been suggesting that for years. It's about time the idea started gaining steam.
Charles Krauthammer is still fixated on foreign policy. Apparently he's yet to realize that the greatest threat America has ever faced is our government, not any foreign government. What would you expect from a man who thinks we defeated communism, not just the Soviet Union, and doesn't care that Obama's White House is crawling with Marxists?
MEDIA:
What if George Bush had done that? Obama gets a pass on many things that would have got George Bush lambasted in the press. There's nothing remarkable about this double standard. It's been on parade for decades, getting bigger and more obvious every day.
CNN drops to last place in cable news. And I saw Anderson Cooper, who was the flagship CNN personality while this collapse happened, doing a network gig the other day.
MISC:
One down side of term limits - politicians never fear losing their jobs. They're going to lose them anyway.
Drupal is an open source content management platform.
Mark Steyn contrasts the response to two sound bites, one real, one fiction.
"If you say, “Chairman Mao? Wasn’t he the wacko who offed 70 million Chinks?”, you’ll be hounded from public life for saying the word “Chinks.” But, if you commend the murderer of those 70 million as a role model in almost any school room in the country from kindergarten to the Ivy League, it’s so entirely routine that only a crazy like Glenn Beck would be boorish enough to point it out."Wow. That statement, frozen in clarity, is so stunning because it shows just how insane we've made our culture. Steyn continues,
"Which is odd, don’t you think? Because it suggests that our present age of politically correct hypersensitivity is not just morally unserious but profoundly decadent."Not just decadent but insane and destructive. At least Steyn isn't a fool like Krauthammer:
"There’s the bad totalitarianism (Nazism) and the good totalitarianism (Communism), whose apologists and, indeed, fetishists can still be found everywhere, even unto the White House."As if there was a difference in practice.
FAA revokes licenses of unresponsive pilots. I should hope so. The story that these guys were distracted by their laptops is unbelievable. Does that make them deaf to the radio too?
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