Saturday, January 15, 2011

Free kibbles

TAX AND SPEND:

Both Republicans and Democrats finding new ways to direct federal funds to their home districts without actually earmarking the funds in legislation. Of course they are. These recipients of these funds turn around and send a signification fraction of them back into the coffers of the aristocrats who directed them. These funds are the most power vote buying and campaign contribution buying tools the aristocrats have. They aren't going to give them up. Many Republicans are already abandoning their commitment not to earmark.

FEDERAL RESERVE:

You know how I keep saying that the aristocrats are destroying America on purpose? You know how I keep saying they don't believe their own claims? Here's more evidence in support: the Fed open market committee recognized the housing bubble in 2005, discussed it, but decided to do nothing about it.
"Federal Reserve staff and policy makers identified a housing bubble in 2005 and failed to alter a predictable path of interest-rate increases to slow down the expansion of mortgage credit, transcripts from Open Market Committee meetings that year show.
Led by then-Chairman Alan Greenspan, the FOMC raised the benchmark lending rate in quarter-point increments to 4.25 percent from 2.25 percent at the end of December 2004. The committee also removed uncertainty about the pace of rate increases by telegraphing that future moves would be “measured” in every statement.
The “measured” pace language helped fuel the housing boom by keeping longer-term interest rates low and was inappropriate at the time given the uncertainties about both inflation and asset prices, said Marvin Goodfriend, a professor at Carnegie Mellon University in Pittsburgh."
Inappropriate? Ya think?

HEALTH CARE:

Mercury poisoning from amalgam fillings.

POLICE STATE:

Because the government treats foreigners to badly, it harms our economy.

MISC:

Zodiac dates have changed. Apparently I'm no longer an Ares, but a Pisces.

New attempt to clone a dead mammoth from frozen cells.

Henry VIII inflater.

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