Wednesday, June 9, 2010

Quick Quips – 6/9/10

LA's Sen. Landrieu blasts Interior Sec. Salazar on Gulf drilling ban costing 300,000 jobs!

The Year of the Sheep - GOP voters show that tea-party foes are divorced from reality: It's funny that those who claim to deplore racism, sexism and all the other isms turn out to be obsessed with race and sex, to the point that they really don't have much to say other than expressions of bigotry aimed at white men. Read more…

Bernanke Warns About Deficits - Is there any chance the politicians will listen? Mr. Bernanke once again told U.S. lawmakers that action must be taken to reduce the deficit. He underlined that Europe's sovereign debt woes point to the importance of maintaining sound government finances. Read more …

Free Abridged Copy of "The Road To Serfdom" by Hayek as recommended by Glen Beck.

The Alien in the White House
  ..it was clear from the first that this president—single-minded, ever-visible, confident in his program for a reformed America saved from darkness by his arrival—was wanting in certain qualities citizens have until now taken for granted in their presidents. Namely, a tone and presence that said: This is the Americans' leader, a man of them, for them, the nation's voice and champion. Mr. Obama wasn't lacking in concern about the oil spill. What he lacked was that voice—and for good reason.
  Those qualities to be expected in a president were never about rhetoric; Mr. Obama had proved himself a dab hand at that on the campaign trail. They were a matter of identification with the nation and to all that binds its people together in pride and allegiance. These are feelings held deep in American hearts, unvoiced mostly, but unmistakably there and not only on the Fourth of July.
  A great part of America now understands that this president's sense of identification lies elsewhere, and is in profound ways unlike theirs. He is hard put to sound convincingly like the leader of the nation, because he is, at heart and by instinct, the voice mainly of his ideological class. He is the alien in the White House…
Please read the whole post …

Here Comes the Double-Dip Recession
  But this second downturn in the economy will be accompanied by inflation, making it worse than the first recession. With interest rates set to rise (because the fed is no longer massively purchasing securities to keep them down), taxes set to go up (because of Obama's ideology) and global energy use about to increase, sending prices higher (because the rest of the world is recovering), prices have to go up. But with no growth in real personal income and household credit close to all-time highs, there is not enough demand to pay the higher prices, so a deeper slump will ensue.
  The solution? Cut -- don't raise -- taxes. And bring down the deficit through massive spending cuts. Reduce our borrowing needs by slashing our spending. Free up capital to feed job growth.
  It should be evident to all that Obamanomics is a disaster. It reminds one of nothing so much as the Medieval practice of bleeding the patient to make him well by expelling the evil spirits that dwelt within. When the patient did not recover, they just bled him more and, when he died, they just said that the spirits killed him. The practice of spending, borrowing and then taxing to fuel job growth is the modern analogy.

DITHER Watch! Obama on the spot after tepid UN sanctions on Iran