All you need to know is that saving some of your income is bad; spending all of your income is good, even better if you go into debt to increase your spending.
Chairman Yellen, by all accounts, is a true-blue believer in the socialistic economic gospel propounded by John Maynard Keynes in his 1936 so-called general theory, of which the main points are:
First, economic recessions are caused by consumers spending too little.
It’s unclear how that comports with the rampant spending of borrowed money by consumers and deficit spending by the Federal government that led to the housing bubble and implosion of the financial markets.
Second, it’s better for academic intellectuals and bureaucratic experts to control the spending. As Bill Clinton said, he might have supported a tax cut, but the people would have spent the money on the wrong things. Ordinary taxpayers must be compelled to forego private medical insurance and enroll in ObamaCare; we can’t be allowed to use incandescent light bulbs; we must use more expensive, less efficient, and inconvenient “green” automobiles; we can’t be permitted to use much cheaper, more efficient, and less-polluting energy sources such as natural gas, petroleum, and coal; and we can’t choose our own kinds of foods and soft drinks.
Fifty years ago today I was sitting in a high school math class. Mr. Klingaman, the regular teacher, was snoozing in the back of the room while a young student teacher, Mr. Svanos was explaining about the joys and intricacies of trigonometry. Suddenly one of my classmates stuck his head in the door and blurted out, “the president’s been shot”.
We sat in stunned silence for a few moments as we processed the news. Mr. Svanos talked about the uncertainty of his future. He was in the reserves and didn’t know what the next days would hold when we found out more about the day’s events. We would just have to wait and see.
We moved on to the next class awaiting further news. When it finally came, I was not surprised… not that I had any knowledge of any crazies or conspiracies in Texas. What I did have was a little knowledge of history and what some called a presidential curse. Presidents elected on twenty year cycles tended to die in office. It was William Henry Harrison in 1840, Abraham Lincoln in 1860 and James Garfield in 1880. 1900 victor, Theodore Roosevelt seems to have missed curse. Then it appeared to have started up again in 1920 with Warren Harding, 1940 with Franklin Roosevelt. We all remembered the contentious 1960 contest between Richard Nixon and John Kennedy. Most of us were concerned, then relieved with we heard the news that Ronald Reagan, the 1980 winner, had been shot outside the Hinkley Hilton in Washington.
Well, Obamacare is now in effect. The decision by Congress to pass Obamacare into law back in 2010 ranks among the most draconian, most egregious, most horrific actions ever taken by the central government in Washington, D.C. This bill rocks the principles of liberty and constitutional government to the core. It changes fundamental foundations; it repudiates historic values. The same flag may fly on our flagpoles, the same monuments may grace our landscape, and the same National Anthem may be sung during our public ceremonies, but it is not the same America. For all intents and purposes, our nation now more resembles the socialist countries of the old communist East Bloc than it does the constitutional republic of the old land of the free.
I was honored to have been invited to be the keynote speaker at the annual meeting of the Association of American Physicians and Surgeons recently in Denver. It was a very large gathering of physicians from all over the country. And I can tell you that the doctors I spoke with are all very, very concerned about the future of healthcare in the United States. Take a peek at the condition of healthcare in socialist countries throughout the world or take a peek at the condition of healthcare in our VA clinics and hospitals, and you will get a little feel for what healthcare is going to quickly look like in America.
On March 21, 2010, Congress passed, and on March 23, 2010, President Barack Obama signed the dreaded national health care bill into law, and as such, these dates join a list of dates that have contributed to the destruction of a free America. Of course, there are several such dates, but, in my opinion, the following are the most draconian.
I candidly confess that I am not very superstitious. I don’t care how many cracks I step on on a sidewalk; I don’t care how many cracked mirrors I look at; I’ve never thrown salt over my shoulder; I’ve never rubbed a red-headed boy’s head for luck; I don’t carry four-leaf clovers or rabbit’s feet in my pocket; and the number 13 doesn’t scare me a bit. All of that notwithstanding, however, I can’t help but believe that 2013 is going to be a rough year.
One thing is certainly clear: the last year that ended in 13 was a horrific year for the people of the United States. In fact, 1913 was one of the worst years of the Twentieth Century. Consider the following:
February 3, 1913
This is the date when the 16th Amendment was ratified, and the direct income tax and IRS were instituted. This was a flagrant repudiation of freedom principles. What began as a temporary measure to support the War of Northern Aggression became a permanent income revenue stream for an unconstitutional–and ever-growing–central government.
The Federal Reserve has announced that it will be buying 45 billion a month in government bonds. It’s just one of the results of our spendthrift government’s inability to master its Santa Claus and controlling impulses. Some would say it’s public spirited effort on the part of our central banker in chief, Ben Bernanke.
It may be better than giving the Chinese more influence in our land, but let’s consider this a little more closely. When the Federal Reserve buys these bonds, it’s not like you or I buying Series Es. Setting aside for a moment the wisdom of such an investment, we get the money together and write a check. Then we get our bonds – which we really don’t anymore. We get credit in a government account. When the Fed buys bonds, they don’t get the money together… they “print” it.
Then, to make it even more interesting, they expect to be paid back in real dollars purloined from the American tax payers. Al Capone or John Gatti could not have come up with a better, or more dishonest scheme to fleece the good people of our land. The Fed calls it “quantitative easing”, whatever that means, while the rest of us would call it counterfeiting if the perpetrator was anyone else.
How are we to end Obama’s Great Recession? Keynesian economic theory has completely failed to do the job.
A dialogue with a reader who generally defends the Keynesian thesis:
If you maintain that during a recession that it is best to reduce spending by all parties, how does that get the economic engine going again? Austerity during a depression is obviously non-nonsensical.
The only way a factory owner is going to hire more staff or build new plant and facilities, is if demand for his product increases.
The only way for demand for his product to increase is for more customers to have enough money in their pockets to buy!
This simple relationship between supply and demand is taught in Economics 101 in every college in the country (and not just in those “progressive liberal commie colleges” on the East and West coasts).
The article purports to “warn” Christians against voting for a Mormon because they have always known how evil the “cult” is. Thank you CNN for reminding us all of just how much you care about preserving the integrity of the Gospel message. Now I can sleep peacefully knowing you are on duty as our watchman on the wall.
The Fed’s near-zero short-term interest rate policy distorts the market, with many ill effects and none of its proclaimed benefits.
In a speech today before the spring conference of the National Association for Business Economics, Federal Reserve Commissar Ben Bernanke, now an Obama re-election campaign mouthpiece, reaffirmed the Fed’s intention to continue imposing artificially low interest rates for short-term Treasury securities. According to the Washington Post’s report, he admitted that the economy and employment remain weak. But, he maintains, “the Federal Reserve’s existing policies will help boost economic growth.”
If that is true, one is entitled to ask why after nearly three years of this policy the economy remains in the doldrums. Unemployment, taking the most favorable measure used by the government, remains north of 8%. Using comprehensive measures from the government, measures that include people who have given up looking for jobs and have dropped out of the labor market, unemployment is running around 17%.
Nonetheless, the stock market again roared ahead today on Commissar Bernanke’s affirmation that the Fed will continue pumping excessive amounts of fiat money into the economy to keep interest rates low. Meanwhile businesses remain cautious about expanding, and consumer spending, as in the housing bubble that burst in 2007, is being floated on increasing debt and declining savings.
Core inflation, they tell us, is not a problem. These are the same people who tell us our economy is on the rebound and the worst is over. Mark Twain is reported to have said, “There are three kinds of lies: lies, damned lies, and statistics.” However the the worst lies of all are Washington statistics, with an agenda behind each numeric rounding and each slice of the statistical pie. Being an old computer geek who has worked with raw data for years, I’ve seen it sliced, diced, squeezed and twisted to prove just about any point the powers that be wish to make.
The core inflation proponents claim that we have no real inflation can be seen as bogus during any visit to the gas station, grocery or department store. We’ve seen gas prices spiral upward, food prices jump and even our favorite bargain store, Wal-Mart, has not been rolling back prices quite as fast lately. Yet, the ruling class has cooked the numbers to make us believe our cost of living is not increasing. The question becomes, do we believe our government and the Federal Reserve, or do we believe our own eyes and experience?
The more gullible of our neighbors choose to believe the press releases coming our of Washington as they polish the Obama stickers on their cars. It may be that many don’t pay many of their own bills and don’t really notice these things… or those that do pay their bills are not bothered because they aren’t paying with their own money.
Many of our problems today come, not from any particular event or situation, but from a lack of confidence to move forward. The stock market can’t seem to do more than bounce around because investors don’t believe problems are being fixed… many don’t believe they can be fixed. Banks aren’t lending money… maybe because they don’t have confidence in the economy the borrowers will operate in, or perhaps they feel they’ve been burned and lost confidence in their own ability to make good decisions and they’ve become overly cautious, finding a safer investment is US t-bills.
It appears that we don’t really have an economic problem… but a confidence problem. It’s not that we lack cash… the Fed is printing paper just as fast as the virtual presses will run – but it’s not filtering down to the average taxpaying American. We have a president with no lack of confidence in his ability to do everything short of walking on water, although I’m not sure he hasn’t tried. At this point though, his extreme confidence in himself is not shared by Wall St. or Main St. People have begun saving what money they have and stopped buying much that they really don’t need. The economy is slowly winding down.
One would think that all the people who voted for, and supported, Barack Hussein Obama would have the confidence to move the economy forward, yet even they… the bankers who received bailout money… and contributed to his campaign… don’t have the confidence to start the credit flowing again. For the bankers, it’s not a cash shortage, they received billions of our money from the government, but an unwillingness to lend it out. It’s hard blame them too much as they’ve made a habit of bad choices in recent years… it wasn’t all their fault though…some was because of government rules and community organized intimidation.
Then you will know the truth, and the truth will set you free.” John 8:32 (NIV)
In our present day society, the politically correct keepers of proper thought are on constant guard lest the truth get out and expose the lies of the ruling class. We saw the impact of this at the last Republican debate where so many participants, even good conservatives, were scandalized that Newt Gingrich had the audacity to tell the world that the Palestinians were an “invented” people group. It was a people group invented to lay claim to land possessed by a legitimate people group, the Israelis.
Many said, in essence, this is right, but we shouldn’t talk about it because it will make the people perpetuating the lie, and their fellow travelers, angry. Apparently some would rather be a slave to deception than stand on the solid ground of truth.
Others have told the truth. For years, Ron Paul has been telling us of the damage done to our country and our economy by the Federal Reserve System. For those who may have doubts, consider how ineffective the monetary manipulation and ridiculous below market interest rates have been in correcting out economic malaise.
This video of Professor Abdullah Al-Nafisi reveals several problems we are currently facing. He is talking about the ease of using biological weapons against any populated area. It gives us a chilling reminder of how ineffective our defenses are along the border where such weapons would likely be smuggled in. The diminutive size of the weapon means in would fit in an automobile glove box or a business man’s briefcase.
It also means that it would not be difficult to smuggle into the United States in the backpack of a Mexican or Iranian slipping across the Rio Grande or in a fishing boat across one of the Great Lakes. Unfortunately the regime in Washington is more interested in keeping tabs on tea party members than keeping out potential Democrat voters.
Even with the threat of mass devastation, our government is more concerned with the devastation of their re-election prospects. Then we have the Centers for Disease Control and Prevention (CDC) that would rather pursue the supposed health hazards of civilian possession of guns than the prevention of death on such a massive scale.
George Orwell wrote, “Truth is treason in the empire of lies”. It takes courage to speak the truth when so many around you have bought into the conventional “wisdom” of the political elites. It is even more necessary to have courage in view of the fact that the conventional “wisdom” has all but destroyed our once vibrant economy.
One such display of courage in, to use one of John Kerry’s favorite terms, speaking truth to power, were comments from Governor Rick Perry of Texas. Instead of putting on a smiling face like many from both parties are inclined to do, the recently announced presidential candidate declared, “Printing more money to play politics at this particular time in history is almost treasonous in my opinion.” I’m not sure I would completely agree with the statement. I would remove the word “almost”. Read more of this article »
With the re-appointment of Ben Bernanke as chairman of the Federal Reserve Bank and congressional oversight of the bank in the headlines, the question of whether the Fed should be permitted to continue operating in complete secrecy and without any accountability to Congress surfaced again.
The actions of President Obama’s administration often appear that he is not aware of the legal limits of the executive branch of the federal government, that he just doesn’t know any better, such as taking over major segments of American industry, spending the nation into financial oblivion, and taking actions in other matters that are clearly outside the scope of his authority. But then I am reminded that he is an attorney who taught law and, of course, he has the Justice Department as well as his own counsel to help evaluate his proposed policies.
So, assuming that he knows what he is doing, and given that he has plenty of highly qualified legal advice available to help him make judgments can only lead to one conclusion: that when his policies are legally or constitutionally questionable, he know it and doesn’t care. Read more of this article »
In a letter to President Thomas Jefferson in 1805, John Adams wrote, “All the perplexities, confusion and distress in America arise not from defects in the Constitution or Confederation, nor from want of honor or virtue, as much as downright ignorance of the nature of coin, credit, and circulation.” Thomas Jefferson would later write, “I sincerely believe that banking institutions are more dangerous than standing armies; and that the principle of spending money to be paid by posterity is but swindling futurity on a large scale.” Jefferson would also warn, “We must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude.”
Today, our nation is sinking into bankruptcy, insolvency, and a serious financial reckoning day because our political class in Washington DC continues to load our posterity with perpetual debt and servitude. Most Americans are distressed, perplexed, and confused because of their “downright ignorance” of sound money principles enshrined in our US Constitution and the evils of central banking. In 1910, a secretive cabal of Wall Street and international bankers conspired to create the Federal Reserve System, which became our nation’s central bank in 1913. Our Founding Fathers were well acquainted with the evils of central banking (beginning with the Bank of England in 1694), and they diligently sought to enshrine hard money principles into our Constitution. In 1913, our national debt was $2.9 billion dollars and today it is $14.5 trillion dollars—an incomprehensible 400,000% increase! According to our US debt clock below, our unfunded liabilities now exceed $115 trillion and each taxpayer is on the hook for over $1 million dollars!
After the tragic shooting of Arizona Congresswoman Gabrielle Giffords which claimed the lives of several others, including Federal District Judge John Roll, the progressive left screamed for a return to a level of civility. The civility they were demanding was from their opponents apparently, as they made no move in this direction themselves. The fact that Judge Roll was at the center of the Arizona immigration law dispute, and may actually have been the primary target is beside the point when our socialist opponents want to make the most of a crisis or tragedy.
As we moved forward from that calamity in Tuscon, the left kept up their vicious and, largely unfounded, attacks on anyone exhibiting even a minor degree of common sense. During that time the semi-loyal opposition maintained, in general, a more gentlemanly and ladylike demeanor, refusing to call the regime and its’ supporters on the vile and disgusting behavior and speech visible on the nightly news and in the blogosphere.
In some ways it is a credit to these American patriots that they did not stoop to the level of their opponents. Their behavior was usually measured and circumspect. In some ways it makes one wonder if they take the battle to save our republic as seriously and those who stand against our liberties do. As I noted before, their behavior was usually measured and circumspect – except when it came to dealing with opponents from within their own camp. Read more of this article »
To many people, the Federal Reserve and it’s operation is something beyond the scope of their understanding and interest. They see it as part of the banking system they rely on to buy a home, a car or the big screen TV in their living room. They see it as helping their local bank advance the cash they need to maintain their consumptive life style. Most have no problem with it as they see the banking system as essentially benefiting the average person. Although recently many have begun to understand the curse this ready availability of credit has been to us, individually and as a nation.
The Fed does a number of things, some may actually be helpful. However, when we consider what this central bank has done to the country, we may want to reconsider even the helpful functions. In addition to the Chinese, Russians and an assortment of other unfriendly nations buying up our debt, the Federal Reserve has become the purchaser of last resort.
When this happens, the US Treasury issues notes of indebtedness and the Fed creates money out of thin air to buy these notes. It does not come from deposits of any kind. They do not borrow the money they lend. Now days, they do not even print the money. It is nothing more than a computer entry and the government can now spend the money… and the tax payers are on the hook to pay it back in real dollars WITH INTEREST! If you or I, or any other businesses would try to do this, we would soon be wearing orange jump suits and looking at the world through iron bars, in addition to living with some pretty unpleasant company. Read more of this article »
The above video, though a few years old, gives a good history of our monetary and inflationary problems in a way that many who have not been following the controversy. They have virtually destroyed savings with their unreasonably low interest rates in “attempts” to keep inflation under control. Yet their policies of “printing” more and more dollars to keep favored financial institutions and governments afloat only serve to increase prices by allowing more and more dollars to chase after the current supply of goods.
Looking back over the last few years, we see more disastrous results from blindly following the touted wisdom and unseen hand of the central bankers policies. Yet, being aware of the problem won’t do a lot of good unless we do something about it.
So… we all know things are falling apart all around us. Many of us find it easy to blame Barack Hussein Obama, Cass Sunstein, Mark Lloyd, Van Jones and the rest of the unholy alliance trying to run our lives. Of course this black hearted gang would be more than happy to place the blame on George Bush. This excuse, in addition to just being tiresome, is simply not true.
We are a country that has been blessed in an unprecedented manner over the years. From the miraculous protection of the retreating colonials at Brooklyn Heights, to the economic prosperity that brought the United States to a position of world leadership, to surviving two worldwide conflicts with our continental home unscared by the wars’ destruction, we have seen the divine guidance and protection that far exceeded any honest persons concept of coincidence.
All this time, there was a Christian consensus. We, as a people, were honoring our Creator and He was watching over us. We sing “God Bless America” and hope He will continue to keep his protective and guiding hand on our country. However we now find many in our country, our government and our academic institutions that believe they have a better idea. Read more of this article »
On July 1, 1940, the Tacoma Narrows Bridge opened to traffic for the first time. It was trim and elegant, the state of the art in suspension bridges. Only a few short months later, on November 7 of that same year, this same bridge succumbed to gale force winds and twisted itself into the makings of a man made reef at the bottom Puget Sound. Obviously there were some unrecognized flaws in the graceful design.
Many of us see other flaws in other designs all the time. Unfortunately, so many of them are not recognized by the designers until they are revealed by some unexpected tragedy. One design flaw currently working its way through our economy is the Federal Reserves monetary policy.
Our country was founded on the principles of thrift, economy and independence. Our central bank, along with other associated financial institutions, has been laying the groundwork for years to draw our country into a web of debt and dependence our forefathers would have rejected at first bloom. Ostensibly, to keep inflation under control they have kept their borrow window rate at sub one percent levels. Read more of this article »
For those not privileged to live in central Virginia, it may come as a surprise that the homosexual flag is flying just below the stars and stripes in front of the Richmond Federal Reserve building. This is the same unaccountable Federal Reserve that manipulates our money supply and interest rates for the benefit of someone… not usually the average citizens.
Now, as they tell us, at the supposed request of a few employees, the entire organization is standing behind the emblem of the homosexual community, with the blessing of the local president. Those moving beyond acceptance of their lifestyle choices are insisting on approval and looking for backing by the bullies as if they don’t have the confidence in themselves and their life decisions.
As most readers know by now, the name, Federal Reserve, does not mean it is any part of the national government… any more than the Second Bank of the United States – which Andrew Jackson killed. Or for that matter the previous incarnation, the First Bank of the United States. Every one of these central banks was privately owned by wealthy investors – some Americans, some not – for the benefit of the moneyed classes and the banking industry. Read more of this article »
While flooding the banking system with excessive amounts of fiat dollars, Fed Chairman Bernanke has talked endlessly about the need to avert deflation. Unspoken was the real reason: promoting inflation – robbing retirees and working people who are saving to support their retirements – in order to fund mounting federal debt.
It’s now clear that government stimulus spending, under George W. Bush and Barack Obama, and unending expansion of the money supply by the Fed, have prolonged our agonizingly slow economic revival. That is hardly surprising, since no previous resort to Keynesian macroeconomics has worked as advertised. At most they have promoted stock market bubbles, and all such essays, beginning in the 1930s Depression, have led to continual and ruinous inflation.
Having just endured the State of the Union speech by the current White House resident, hearing the voice from the past addressing situations similar to those we face today is at once, exhilarating and depressing. The solutions worked back in 1981 and they will work today. The history is past and provable. Current solutions are only theory… based on a theory that has never worked. Read more of this article »
Core inflation, the tell us, is not increasing. These are the same people who tell us our economy is on the rebound. Mark Twain is reported to have said, “There are three kinds of lies: lies, damned lies, and statistics.” However the the worst lies of all are Washington statistics, with an agenda behind each numeric rounding and each slice of the statistical pie. Being an old computer geek who has worked with raw data for years, I’ve seen it squeezed and manipulated to prove just about any point the powers that be wish to make.
The truth of the bogus claim of the core inflation proponents can be seen during any visit to the gas station, grocery or department store. We’ve seen gas prices creep up, food prices creep up and even our saving favorite, Walmart, has not been rolling back prices quite so far. Yet, the ruling class has formulated numbers to make us believe our cost of living is not increasing. The question becomes, do we believe our government and the Federal Reserve, or do we believe our own experience?
The more gullible among us choose to believe the press releases coming our of Washington as they polish the Obama stickers on their cars. It may be that many don’t pay many of their own bills and don’t really notice these things… or are not bothered because they aren’t paying with their own money. Read more of this article »
The Fed is, once again, showing us reasons why it a blight upon our economic landscape, and why they insist their work be accomplished under a shroud of secrecy, devoid of audits and other forms of oversight. Ben Bernanke announced that the Federal Reserve would be creating $600 billion dollars out of nothing buy US Treasury bonds. The geek speak used by the bureaucrat in question is “quantitative easing”. It is apparently meant to keep the unsuspecting public from knowing what is really going on.
The idea of pumping money into the financial system seems logical from a high level, run the country for the unwashed masses, type of thinking. It is based on the idea that life is just about numbers and if the Wall Street types are happy, their happiness will trickle down to the little people. No matter what name they give it, this scheme is just on one more try at another stimulus program. The Fed takes nothing and credits bank accounts in exchange for the bonds. The Fed gets away with it because a central bank is allowed to do this sort of thing, you or I would go to jail for such a caper.
By buying up these bonds, the Fed is putting cash in the hands of investors, hoping they will put the money to work in the economy. This is assuming that the availability of this cash will overcome the reticence of businessmen to invest anything in an economy run by an unstable government creating an questionable environment where the returns are doubtful. Bernanke is uncertain the plan will work, small businessmen are uncertain. Read more of this article »
The decision by Congress to socialize medicine in the US ranks among the most draconian, most egregious, most horrific actions ever taken by the central government in Washington, D.C. This bill rocks the principles of liberty and constitutional government to the core. It changes fundamental foundations; it repudiates historical principle. Oh! The same flag may fly on our flagpoles, the same monuments may grace our landscape, and the same National Anthem may be sung during our public ceremonies, but it is not the same America. The Congress of the United States has now officially turned America into a socialist state.
On March 21, 2010, Congress passed, and on March 23, 2010, President Barack Obama signed the dreaded national health care bill into law, and as such, these dates join a list of dates that have each inflicted unconstitutional, socialistic, and sometimes even tyrannical action against the States united and have, therefore, contributed to the destruction of a free America.
April 9, 1865
This is the date when General Robert E. Lee surrendered the Army of Northern Virginia to U.S. Grant at Appomattox Court House, Virginia. Regardless of where one comes down on the subject of the Civil War, one fact is undeniable: Abraham Lincoln seriously dismantled the Jeffersonian model of federalism in America. Ever since, virtually every battle that free men have fought for the principles of limited government, State sovereignty, etc., has stemmed directly from Lincoln’s usurpation of power, which resulted in the subjugation and forced union of what used to be “Free and Independent States” (the Declaration of Independence). In fact, the philosophical battles being waged today regarding the recent health care debacle (and every other encroachment upon liberty and State power by the central government) have their roots in Lincoln’s tyranny. Read more of this article »
In the book of Jeremiah, the prophet talks about God asking why His people turned away from him to idols made of wood and stone who could neither hear, answer nor even care about the people The comparison is made between the times when the people sought after Him and when they went off in other directions. At one time, the people lived in the land of prosperity and then the land of captivity. The people of Judah, not content with the God of Abraham, that had led them out of Egypt into the promised land, left their heritage and pursued the gods of the surrounding neighbors, who, being only pieces of stone or wood, had no power to help them at all… and finally they were led as captives to a foreign land.
While this is a sad tale, is there something we can learn from their experience? Human nature is such that we tend to quickly become discontented with whatever it is we have. After the reign of King Solomon, the people of Israel could not even get along amongst themselves. The northern tribes split from the kingdom and quickly added worship of pagan gods to their religious practices. The “more righteous” southern kingdom of Judah held on longer, but eventually succumbed to the lure of being like the surrounding peoples and adopted their multiplicity of deities.
The effect was not adding power to their practices, instead it moved them out from under the protective wing of their creator. We, in the United States, emerged from World War II as the premier superpower of the world. Our industrial capacity was intact, and our land was unscathed by the horrors of war. We were the arsenal of democracy and the leader of the free world. Our country was not perfect as the work and sacrifice of leaders like Martin Luther King Jr, Medgar Evers and a whole host of other lesser known martyrs for the cause of civil rights would attest. Read more of this article »
Often times the truth is best explained through humor. Penn & Teller cut right to the heart of Barack Hussein Obama’s economic policy and explain why Milton Friedman was right when he said, “If you put the federal government in charge of the Sahara Desert, in five years there’d be a shortage of sand.”
Enjoy, but take the message to heart. Have a great weekend!
We might have done nothing. That would have been utter ruin. Instead we met the situation with proposals to private business and to Congress of the most gigantic program of economic defense and counterattack ever evolved in the history of the Republic. We put it into action… No government in Washington has hitherto considered that it held so broad a responsibility for leadership in such times.
Sounds like something coming out of the White House, Congress or the Treasury Department during the waning days of the Bush Administration. If you close your eyes, you can most likely imagine the words spilling from the mouth of Hank Paulsen. You would be wrong! They came from Herbert Hoover during his 1932 presidential campaign. They did not get Hoover re-elected.
His Republican administration was replaced with a Democratic regime… as was George W Bush’s. Like Bush’s successor, Hoover’s built on his profligate spending, using it as a spring board to further governmental excesses and intrusion into the citizen’s lives. What followed the Hoover-Roosevelt economic fiasco was a depression on a scale never before seen in the United States. What catastrophes await our great nation under the hostile hand of a man who is still a community organizer at heart, agitating for redistributionist schemes, only time will tell. Read more of this article »
As I came out of my office this afternoon, my four year old grandson was fascinated by an Olympic hockey game. He likes guy shows like Dirty Jobs, Mythbusters and Swamp Loggers. So hockey is a guys game… this is good for him… almost as good as NASCAR. I saw it was the Team USA playing the Russians. Images of the old rivalries during the cold war era came to mind. But soon I realized the players were girls – and they were really good. Not being a serious hockey fan since the days of the Broad Street Bullies down at the Spectrum in Philly, I was not aware of the level of play in women’s hockey. I was impressed!
Another departure from the days of Bernie Parent, Bobby Clarke and Fred Shero was that the Americans were kicking the Russian team up one side of the rink and down the other to the tune of a 13-0 score. The USA jersey wearing crowd was hooting, hollaring and chanting. The were waving American flags. They were proud of their country and proud of the kids wearing their nations colors. Yes, kids… when you get to be my age, most anyone competing in the Olympics is a kid.
I noticed all the Russian players had Russian names. But then, the American players had American names. Sure, some sounded German, some sounded Russian, even French or English and whatever else the glorious mix our country has attracted. But no matter what the sound, they were American names belonging to unhyphenated American players whose ancestry was scattered around the globe, but coming together, they made a mighty team.. Read more of this article »
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