As whispers became shrill rumors of a Greek default last week, it became clear that the Federal Reserve was going to “inject liquidity” into the French banks that could not find overnight funds on the open market. Markets are disciplined. The Federal Reserve magic money machine is not. When the market decided the three French banks were over-extended in Greece, and loaning them money was | Read More »
Well, get ready for the next crash — and for the Federal Reserve to start cranking up the printing presses — or, rather, creating tens and hundreds of billions via their computer keyboard. After all, why print dollars, when you can type? Printing is expensive and time consuming and typing is faster — you can create tens of billions in seconds. When French banks can’t | Read More »
It is unclear how much clearer things need to get before the elite get it: the strategic correlation of forces is steadily and regularly eroding the position of the West vis-à-vis the Muslim world. Ironically, Greece, the cradle of early democracy, may or may not, be the proximate cause of the collapse of the leading Western currency: the Euro. For those Americans who don’t get | Read More »
From the diaries by Erick Note to the universe: do you really think the Supreme Court will act like there is a severability clause in ObamaCare, when one does not exist? It’s not like the Supremes spend their dawns poring over statutes, line by line, or anything at all like that. So, President Clinton thought he might mention it. And now TIME magazine is reporting | Read More »
This just in, Estonia — the former Soviet communist captive state — has a better financial rating than the United States. Here is the U.S. strategic financial situation — a complete joke. While the public tries to sort out if CBO was right, and the great budget deal only cut $350 million, or the $38 billion widely reported by the mainstream media, Rome is burning. | Read More »
The One’s steadfast refusal to cut spending and his tax raising proposals are not the only thing that is driving the spiraling in of the U.S. economy and the value of the U.S. dollar. No, The One is the trillion dollar President, the spender-in-Chief, and anyone who believes for a second he cares about the deficit or about the Fed’s printing of money or that | Read More »
The One is finding that States are handing back billions and telling him to take his high speed rail (most of which funds small speed increases for existing slow Amtrak trains) and high tail it out of their state. The One is weak, everyone can see it, smell it and taste it. It invites an expansion of influence into The One’s shrinking sphere of influence. | Read More »
American voters must really think the Democrats are terminally tone deaf. After mid-term elections that saw 86 House GOP freshmen come to town – and the Dems lose effective control of the U.S. Senate — The One decides to push his START treaty with Russia, and to push for the repeal Don’t Ask Don’t Tell. The arrogance of The One really knows no bounds. The | Read More »
One of the most alarming things about Obama’s arrogance and vanity is that he believes he is right — all the time. This is what is the most disturbing about Eleanor Clift’s comment about “too much hero worship” around The One — since she is writing about it, you know things are really bad — as in it’s not just the bowing and scraping around | Read More »
Eleanor Clift is the dean of the liberal elite of Washington’s press corps. There is no debating her liberal street cred, none. So why is she writing that there is too much hero worship around The One, and that “if his aides weren’t so in love with him and wrapped up in the idea of him as a transformational president, they might have seen this | Read More »
The media, in the form of E.J. Dionne (who now wants everyone to ignore the two trillion the are Dems will spend from the Treasury on ObamaCare) who is now writing about how Republicans must balance the budget, or the others in the left-wing media who somehow think the public gives a “rat’s patootie” about the START agreement or that they can somehow intimidate the | Read More »
Whatever passes the House to repeal and replace ObamaCare, and/or defund it, will face Senate Democratic no votes or filibuster in the Senate, such is the conventional wisdom. However, the 23 Democratic Senators up in 2012 may now find that they want to distance themselves from radioactive-Nancy, or I-did-a-bad-job-of-selling-socialism-Obama, or t Passage out of Congress to force The One to either sign or veto, will | Read More »
It is almost pathetic to watch the Democrats delude themselves about health care reform. It starts with The One and Pelosi. They said if they pass health care they will avoid the fate of former President Clinton, who lost 54 seats in 1996 because he did not pass health care reform. Turns out, even with the massive demographic changes in the U.S., the Dems are | Read More »
Get this, Politico writes that Dem political consultants discovered that the Obama agenda “turned out to be radioactive to a wide swath of the electorate.” This is news? To who? How biased do you have to be for this to be news? Perhaps to political consultants who don’t listen to the public. Or political consultants who listen to the main stream media, who followed The | Read More »
The Jonestown Kool-Aid brigade, known for forcing their followers to drink cyanide laced Kool-Aid, found new leaders in The One, David Axelrod and Nancy Pelosi. With all their followers about to be forced into the Dem Death Panels by voters, TIME magazine is now reporting that the delusional Speaker will retire if the Dems lose the House, along with others who force fed their death-by-drinking-the-Kool-Aid | Read More »
Gee, what do you think The One meant by his warning that a Republican Congress will mean “hand to hand combat“? I think it means that those who think Obama will follow the strategy of former President Bill Clinton, and become more moderate after a Republican take-over of Congress, have not talked to the President. Exactly what about the phrase “hand to hand combat” sounds | Read More »
The Associated Press reported the following on Friday: WASHINGTON (AP) – President Barack Obama told voters repeatedly during the health care debate that the overhaul legislation would bring down fast-rising health care costs and save them money. Now, he’s hemming and hawing on that. So far, the law he signed earlier this year hasn’t had the desired effect. An analysis from Medicare’s Office of the | Read More »
Here is something new, The One has decided to spend more money on roads and rail — a “new” $50 billion plan. Money we don’t have. Money he will print or borrow. But The One knows how to do only one thing, create more debt, and impose more taxes with his reckless, non-stop, unrelenting spending. He has his play book. And he is arrogant and | Read More »
Now this is what passes as conventional wisdom among the Democrats, as reported by the MSM CBS News: “Smith asked his guests to try to identify the source of the discontent: “From your experience on the Hill, have you heard any Democrats in private conversations say, ‘You know what? We went down the wrong road. We went after health care. We went after so many | Read More »
He does what his ideological desires push him to do, his friends and colleagues and allies be damned. In other words, he gives the public and his colleagues the middle finger, because he is right. This is obviously politically destructive and divisive. It shows The One’s disdain for everyone, except, of course, himself. Third, he yells fire in a crowded theater by siding with the | Read More »
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