Former SEIU head and current Obama economic advisor has a plan to employ out of work young people - make them all government employees. Americorp on steroids. What a scam. First they design a bunch of policies that puts 25 percent of young men and women out of work, then for another mere $45 billion, they make them into Obama's civilian army. His brownshirts. This is scary, but assuming Republicans make big gains in November, the only opportunity Obama will have to do this will be in the lame duck session.
ECONOMY:
Exploding the myth that economic problems are caused by bad attitudes. That's an updated description of Keynes's animal spirits, and it's bass ackwards. Bad attitudes are caused by real economic problems, and those bad attitudes power the recovery by leading to debt reduction and increased savings.
TAX AND SPEND:
Our government stole another $30 billion from taxpayers to bail out credit unions.
REGULATION:
In order to get around Germany's ban on incandescent light bulbs, German company is marketing them as heaters. This is awesome.
FEDERAL RESERVE:
One of the so-called economic experts admits he was wrong:
"“I apologise to readers around the world for having defended the emergency stimulus policies of the US Federal Reserve, and for arguing like an imbecile naif that the Fed would not succumb to drug addiction, political abuse, and mad intoxicated debauchery, once it began taking its first shots of quantitative easing.
“Ben Bernanke has not only refused to abandon his idee fixe of an “inflation target”, a key cause of the global central banking catastrophe of the last twenty years (because it can and did allow asset booms to run amok, and let credit levels reach dangerous extremes).
“Worse still, he seems determined to print trillions of emergency stimulus without commensurate emergency justification to test his Princeton theories, which by the way are as old as the hills. Keynes ridiculed the “tyranny of the general price level” in the early 1930s, and quite rightly so. Bernanke is reviving a doctrine that was already shown to be bunk eighty years ago.
“So all those hillsmen in Idaho, with their Colt 45s and boxes of Krugerrands, who sent furious emails to the Telegraph accusing me of defending a hyperinflating establishment cabal, were right all along. The Fed is indeed out of control.”"Save this link. You might never see anything like it again.
HEALTH CARE:
Just as predicted, health insurance companies are reacting to Obamacare mandated designed to bankrupt them by dropping policies completely, in this case child-only policies, making it harder for people to get insurance. Needless to say Obama is not happy and he's demonizing the insurance companies for trying to stay in business. He wants to bankrupt those companies ASAP.
GLOBAL WARMING AND ENERGY:
The global warming frauds continue marching toward totalitarianism. The EU is threatening to ban airlines starting 2012 if they don't engage in carbon trading.
"Not even critics of the project believe that the European Commission will actually ban flights by American and other foreign airlines. “They will use it as leverage, and accept compensation measures,” estimates Liberal MEP Holger Krahmer."It's another scheme to loot the people by forcing airlines to pay tribute causing them to charge their customers more..
POLICE STATE:
Several developments in the ongoing growth of our police state.
Obama wants Congress to force all digital communications to use encryption that can be broken by the government and anybody else. From the point of view of civilization, this is bizarre. In the private sector, companies work diligently to uncover and fix software vulnerabilities that enable people to exploit the internet and gain access to personal information. The US government wants to mandate that all internet software purposefully implement a vulnerability that its agents and any other hacker can exploit to gain access to personal information. Jeffrey Tucker explains what's at stake:
"The idea is that the government wants to wiretap every cell conversation, every email, every transmission, and wants to put the burden of providing for that capacity on private companies. Instead of enhancing real security, providing betters services, improving technology in a way that consumers want, these private companies will have to shift massive resources toward developing some dumb bureaucratic mandate in the government’s ongoing episodes of Spy vs. Spy, or Kaos vs. Control, or whatever you want to call these ridiculous games the government plays. They aren’t really about your security. They are about the government’s security."This is another reminder that government is an enemy of progress and civilization.
In yet another reminder that government is the enemy of progress, legislation that would give government the power to shut down websites without a trial would have banned every technological innovation in entertainment in the past if had existed previously.
Corrupt federal prosecutor under investigation for prosecutorial abuse commits suicide. He could dish it out, but he couldn't take it.
Maryland judge rules that police have no expectation of privacy at a traffic stop. Good for him, but you know the state will continue to oppress people videoing cops.
Corrupt federal prosecutor under investigation for prosecutorial abuse commits suicide. He could dish it out, but he couldn't take it.
Maryland judge rules that police have no expectation of privacy at a traffic stop. Good for him, but you know the state will continue to oppress people videoing cops.
WAR:
American general calls IEDs a cowardly way to fight then goes about laying another mine field in Afghanistan then calls for an airstrike on an Afghan house with women and kids in it.
"His face darkens. This Taliban tactic of lacing the countryside with explosives, he says, is "a more cowardly way to fight.""
Complaining about Afghans defending themselves with IEDs is ludicrous. The headline of this article is:
"IEDs show troop surge working, U.S. officers say"
I expected it to say that IED attacks were down. It says just the opposite. The article also says:
"He and other Marine commanders say they understand why the Taliban uses the devices: Killing and maiming U.S. troops as they surge into Taliban strongholds let retreating insurgents live to fight another day.
"It creates survivability" for the Taliban, says Barnhart, operations officer for the 1st Battalion, 2nd Marine Regiment, fighting in this hilly northern district of Helmand province."So let me get this straight. The Taliban are killing more Americans and NATO forces than ever, they're also surviving to continue fighting, and that shows the troop surge is working. Silly me. I always thought the idea of winning wars was to kill the other guys, not get your guys killed while the other guys survive.
Charlie Daniels writes an open letter to Obama.
Here's how Democrats corruptly get their mansions. John Kerry just has his multi-millionaire wife buy them.
US prosecutor testifies that Justice Department political appointees spiked the voter intimidation case against the Black Panthers because they were black and the people they intimidated were white.
MEDIA:
The New York Times is having a hard time coming up with things to attack John Boehner about.
MISC:
Weird maps show racial breakdown of US cities.
Surgery regrows cartilage from the inside.
Survey of methane on Mars shows methane production from either biology or geology, so Mars is not as dead as scientists expected.
In praise of Groupon.
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