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.
We survived the folding of Senate Minority Leader McConnell and his attempt to wash his hands of the debt ceiling battle by giving Barack Hussein Obama a blank check. Under his plan, the Republicans could register ineffective objections as he ran up even more debt to bury our grandchildren with. His idea was just to let him destroy our economy, and let him take the blame for our evening meals consisting of hot dogs and beans.
Well, for myself, I don’t feel the need to have someone to blame for me eating beanie weanies every night. I DON’T WANT TO EAT BEANIE WEANIES EVERY NIGHT! I would rather not have it happen and if it does, I will not feel better because I can curse Obama for my plight. I would rather have it not happen in the first place. If leaders are to have our support they need to be working for our good, not just shift the blame to someone so they look good.
Tyler Clementi’s dive off the George Washington Bridge into the murky waters of the Hudson River was a tragedy on so many levels. No eighteen year old should see life as so painful and hopeless that such a plunge would be preferable to facing another day among the living.
Some, who see the world in terms of group identities and memberships, miss the idea that this was a tortured young man whose life ended prematurely. They see the whole affair as one of a member of their group being disrespected and hurt by a cruel and uncaring straight society… and they are doing their best to make this a movement event to advance their agenda. The fact is that he will now have to face his creator on the basis of his own life, not based on the membership in one group or another.
Clementi’s actions showed the presence of a concept that is becoming a foreign one in today’s world: shame. Many of his so-called supporters show none of this emotion as they as they use his death to promote their cause… or in their own actions. They are encouraged by and model themselves after a culture of celebrity that values notoriety over virtue. Read more of this article »
I should not be, but I am continually amazed at the audacity of Palestinian leaders as they attempt to manipulate world opinion into giving them a state of their own and pay it’s bills as they pretend to be worthy of such influence. After expecting Israel to enter negotiations with no preconditions, Palestinian President Mahmoud Abbas had the gall to say that there will be no peace unless the Israelis stop building settlements on the land the Palestinian Authority (PA) has it’s eyes on.
This man cannot even get his own allies, in the form of Hamas, who controls Gaza just to the south of Israel, to come to an agreement to recognize Israel. He even has tenuous control over his own Fatah party. His leadership has not produced any kind of prosperity for his people, although he has not too badly for himself. All he can do is rattle such swords as he has and issue threats and complaints to get so-called world leaders to give him control over something that was created through the industrious nature of the Jewish people.
In addressing the UN, Abbas said, “Our demands for the cessation of settlement activities, the lifting of the siege (of Gaza) and an end to all other illegal Israel policies and practices do not constitute arbitrary preconditions in the peace process.” In his quest to take over the land of the Israelis, he complained of their “mentality of expansion and domination”. He concluded by saying that he would be forced to walk away from the peace process if Israel did not comply with his demands that construction be halted completely. Read more of this article »
I find myself in the unusual position of defending Congressman Anthony Weiner… though not completely. The video above, which was widely disseminated shows the man breaking decorum in the House of Representatives. Surely we can’t always function in the mode of anger, but as Ecclesiastes 3:1 tells us “There is a time for everything, and a season for every activity under heaven” and later in the chapter, “a time to be silent and a time to speak.”
What we saw in the explosion was a man filled with passion. Unfortunately, that passion was directed in the direction of one bad and false idea after another. Yet, his behavior shows an anger and impatience with those who value process and procedure over results. We see so many of our elected representatives who have accepted the “dignity” of their position and the push to “go along to get along” as a straight jacket and muffler that keeps them from keeping their campaign promises to really make the changes in our government that the people want and need.
This past week I watched an interview where Karl Rove called the President “disingenuous”. One definition of this word that I found was, “not straightforward or candid; giving a false appearance of frankness.” Other terms used by the loyal “opposition” include “hypocritical” and “deceptive”. They commentators are being nice, not wanting to accuse a fellow member of the club of what he truly is… a liar! These niceties, while remaining civil, tend to blunt the message that the man and his party cannot be trusted, and that there are dire consequences for us if we don’t stand up to the hopey changey propaganda coming from the people in charge and formerly mainstream media. Read more of this article »
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 »
Ronald Reagan once said, “All great change in America begins at the dinner table.” Now is a time when we may be needing to take the lead, not just for the good of the country, but for our own survival. With our federal government borrowing like money is going out of style, we, the citizens who will be given the bill, have to not only fuss, fume and protest (which is generally ignored), but we must lead the way by example.
Credit card companies have been called by some “the grinch that stole Christmas”, and with pretty good cause at times, as too often bills from one Christmas overlap the next yule season. There have been some minor signs of restraint on the part of the consuming public, but this is just a beginning. I won’t bore you with statistics as everyone knows consumer credit has been excessive for many years, but has really gotten out of hand in recent years. The only statistics that really matter to most people are the ones on their own credit card bills. Seeing this trend, the lenders have been bumping up interest rates and fees while decreasing credit limits and rewards programs.
One TV financial consultant recommended making nice and kissing up to their representatives when you call them. This may work for a while, like a woman being nice to a rapist hoping he won’t hurt her too badly. It does not solve the problem! Read more of this article »
Editors Note; This two part article first appeared in the Richmond Patriots blog found at http://richmondpatriots.blogspot.com/. Laura Alcorn has thorough researched the Cloward-Piven strategy as used by Barack Hussein Obama as he carries out his plan to “fundamentaly change” our country.
Jim Simpson on “Barack Obama and the Strategy of Manufactured Crisis” edited
No one has connected all the dots between Barack Obama and the Radical Left, but it is apparent that he is a willing participant and has spent most of his adult life immersed in it. Obama can be tied directly to a strategy that has motivated many, of the radical leftist organizations in the US since the 1960s: The Cloward-Piven Strategy of Manufactured Crisis.
The Cloward-Piven Strategy was first seen in the May 2, 1966 issue of The Nation magazine by a pair of radical socialist Columbia University professors, Richard Andrew Cloward and Frances Fox Piven. David Horowitz summarizes it as:
The strategy of forcing political change through orchestrated crisis. The “Cloward-Piven Strategy” seeks to hasten the fall of capitalism by overloading the government bureaucracy with a flood of impossible demands, thus pushing society into crisis and economic collapse. Read more of this article »
Above: Destroying a perfectly good car on government orders.
When the Cash for Clunkers plan was first announced, it appeared to be a flawed plan right from the start. There were some obvious problems with the scheme to get people into more politically correct green friendly cars. With the plan only a few days into operation, the plan has successfully seduced so many more people to trade in there bigger, safer cars to snag their share of taxpayer or Chinese money that the initial billion dollars has already swirled down the drain. The government is busy patting itself on the back and proclaiming the program a total success. But is it?
According to a recent Rasmussen poll, 54% of the voting public was against the plan while 35% favored it. Among those with a little more financial interest, 62% of investors thought it should not be done… and an even 50% of all respondents felt that if they were going to run a program like this, it should be restricted to American made cars. However, like so many programs coming out of our nations’ capitol… bailouts, health care and all sorts of things we haven’t even been told about, the desires of the people… as in “We the People”… have been ignored in favor of elitist programs and schemes to involve the government in more areas of our lives.
Let’s look at what really took place in our country. Thousands of buyers have happily driven away from lots in their shiny new or late model cars, with salesmen and women tallying their skyrocketing commissions and dealers themselves hoping they were going to see the promised money. The scenario fits perfectly the thinking of the current administration… transferring dollars to supposedly disadvantaged or favored and adding burdens to evil business owners.
In 1966, while running for Governor in California, Ronald Reagan’s formulated what has come to be known as the Eleventh Commandment: “Thou shalt not speak ill of any fellow Republican.” This was in response to the trash talk about conservative 1964 presidential candidate Barry Goldwater by so-called moderate Republicans. In general is was a pretty useful and workable rule at the time.
However today it seems to only work in one direction as we have seen in the uncivil treatment received by Ron Paul and others at the conservative/libertarian end of the spectrum. While conservatives have gotten used to the being ostracized and having lies and half truths told about them, the more moderate members of the party seem to have much thinner skin.
We are told we should not be criticizing Republicans who are throwing conservative principles under the bus as the country plunges downward in an economic tailspin. While party members are squelched when bringing this up, polls show more anger among conservatives at the Republicans than Democrats. This should be cause for concern by those counting on this voting block.
The practice of catering to incumbents, despite a lack of adherence to generally accepted, smaller, less intrusive government thinking has led the party to silently take the poison pill of semi-Democrat influence in the leadership positions. Yet no one is supposed to speak up. Read more of this article »
The initial Paulson/Bernanke/Bush, bailout plan was to get the toxic “assets” off lenders books so they could begin lending again. They came to the conclusion that accounting rules and lack of liquid assets had caused the credit market to “seize up” as they described it… much like your car’s engine would do if deprived of sufficient lubrication. That was the original plan, but it quickly changed to infusing billions of dollars into ailing financial institutions, trusting the management to use it in ways to actually help the economy. We’ve all seen how well that worked.
The accounting rule most reviled by the banks was the “mark to market” rule which required them to carry assets on their books at values they could reasonably expect to sell them for on the open market. That never seemed to be too unreasonable a procedure. That alternative would be keeping values on the books that were greatly inflated beyond any thing they could actually be sold for. For example, why should a five million dollar building be shown on the books for ten million dollars when no one could realistically be expected to buy it at that price? In most other contexts, that would come pretty close to something called fraud. Of course write downs like had a negative impact on the corporate statements. It was, however, a more accurate picture than retaining the higher value and hoping it would, one day, return.
The other rule hurting banks involved reserve requirements for non-performing loans. When a loan, whether a car payment or mortgage is paid on time every one is happy. When the borrower stops paying in timely manner and slips further and further in arrears, the loan is listed as non-performing and the bank needs to keep reserves to cover the situation. This is why lenders will sometimes give substantial discounts to buyers who will take such properties off their books. Considering the costs involved in foreclosures and the release of reserves for other uses, these transactions often turn out to be a win for every one involved. The bank gets a toxic “asset” off the books, the buyer gets a good deal and the borrower is relieved of a debt he can’t pay. Read more of this article »
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