Free kibbles

FASCISM:

Sure, Obama has made our economy significantly more fascist with his regulations, hiring and firing people and putting government agents in board rooms, but don't be mistaken by that. Fascism is only a means to an end for Obama. The end is communism. The left is angry at him for not advancing socialism fast enough, but political reality is an obstacle. He's dragging us toward communism as fast as he can. And the US has plenty of militarism, it's just as visible inside our boarders. Government officials don't wear military uniforms and we don't have military parades showing off tanks and missiles. But we spend as much money on the military as every other country combined.

The LightSquared scandal is breaking the same time as the Solyndra scandal.

TAX AND SPEND:

Video of Obama from July saying he didn't want to raise taxes right now. This guy takes lying to a new level.

House rejects a business as usual spending bill. If I had a nickel for every time that happened, I'd have a nickel. Good for us.

"The outcome sends House Speaker John Boehner, R-Ohio, and his leadership team back to the drawing board as they seek to make sure the government doesn't shut down on Sept. 30, the end of this fiscal year."

Typifying the Republican party, Boehner has never seen a spending increase he didn't love. How come I'm just now hearing of a potential government shutdown? We can only hope.

REGULATION:

Who owns Google's search results? The Senate thinks it does.

FEDERAL RESERVE:

Got this from Boortz:

"The stealth wealth tax may be the single-largest tax ever imposed on the American people, yet virtually no one knows about it. What is particularly unconscionable about this tax is that it has been imposed upon the most responsible citizens and the elderly in a most disproportionate way, and the real tax rate on American savers has soared to record levels.

The Federal Reserve has held down interest rates so that the average person receives less than 1 percent on money-market funds or certificates of deposit — that is, money used for precautionary and low-risk savings. At the same time, the Fed has allowed inflation to rise to an annual rate of more than 3.5 percent. As can be seen in the accompanying chart, when inflation rates are higher than interest rates, people suffer an effective real tax rate above 100 percent. At present rates of interest and inflation, this means that most Americans pay effective tax rates on their savings ranging from 360 percent for lower-income people to 390 percent for higher-income people."

The mainstream is discovering the Fed.

Republicans warn Bernanke not to artificially stimulate the economy in order to re-elect Obama. This shows how the Fed cannot help but be political. It's impossible for it to be independent. Both parties want to control it and both have the power to influence it. But here goes the Fed anyway. I don't believe for a second this plan will end up being revenue neutral like this article claims. They're printing more money. We need higher interest rates to encourage savings so we can grow our way out of this recession. As for inflation:

"While inflation has picked up this year, most FOMC members anticipated last month that it would “settle, over coming quarters, at levels at or below those consistent with the Committee’s mandate,” minutes of the August meeting said."
"Traders agree, marking down U.S. inflation expectations to the lowest levels this year. The breakeven inflation rate, calculated from yield differences on 10-year Treasury notes and inflation-indexed U.S. government bonds of similar maturity, has fallen to 1.92 percent from a 2011 high of 2.67 percent on April 11."

If the recession continues to deepen, and it looks like it will, inflation will probably slow down temporarily. At some point though, inflation will pick up while the recession continues just like it did in the 1970s.

HEALTH CARE:

Howard Dean believes that one-third of businesses will transfer their employees from private health insurance to government health insurance. He considers this a good thing.

Government agent says people will adjust to the new taste of food that results from new government regulations. Unfortunately, he's right. Americans will adjust just like sheep.

GLOBAL WARMING AND ENERGY:

Solyndra executives will plead the fifth before Congress. Smart. They have nothing to gain by answering Congress's questions.

Walmart promises to go solar in California. Why not everywhere? Because California makes it too expensive to use regular energy sources. That's one of the reasons the state is dying.

WAR:

US government expands drone attacks into Somalia and East Africa. That will make us more enemies.

Here's a good reminder of just how militaristic the US has become: the House Armed Services Committee chairman says that military budget cuts might force the government to revive the draft. Spending as much as every other nation on earth is not enough.

MISC:

Tony Bennett explains his views and refuses to back down.