Daily Archives: November 6, 2010

Economy, Politics

It’s Deja Vu All Over Again

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Guess who said the following: “We have tried spending money. We are spending more than we have ever spent before and it does not work.” Was it Sarah Palin? Rush Limbaugh? Karl Rove?

Not even close. It was Henry Morgenthau, Secretary of the Treasury under Franklin D. Roosevelt and one of FDR’s closest advisers. He added, “after eight years of this Administration we have just as much unemployment as when we started. . . And an enormous debt to boot!”

Read the rest of ‘Guess Who?’ by Thomas Sowell

It was Yogi Berra who said It’s Deja Vu All Over Again. It was Edmund Burke (1729-1797) who said ‘Those who don’t know history are destined to repeat it.’ It’s been 80 years since The Great Depression. Apparently our leaders in Washington have not studied American history.

Economy, Europe, Politics

Obama Leaves Country, Currency War Looms

It was two weeks ago when the G20 met to pretend that global inflation or a currency war was not going to happen. The media was pre-occupied with helping Democrats get elected so they didn’t make a big deal of it. As it turns out, they weren’t too successful. Neither was the G20.

It was only yesterday that The Lunch Counter called your attention to the consequences of the Federal Reserve (Ben Bernake) fiscal action of monetizing the country’s debt. All done as a last-ditch effort to save an economy that isn’t being saved by President Obama’s economic policies.

If today’s headlines don’t give you cause to worry, then I don’t know. How about not voting in a federal election ever again until you figure it out?

2010 Election, Media, Politics

MSNBC Supends Olbermann

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Right on the heels of the lowest viewer ratings in their category, pMSNBC suspends Kieth Olbermann indefinitely and without pay.

Keith Olbermann, MSNBC’s primetime firebrand host, has been suspended indefinitely for violating the ethics policies of his employer earlier this year when he donated to three Democrats seeking federal office, MSNBC announced Friday.

The offense being a violation of NBC’s ethics policy. Ethics policy? There’s a joke there somewhere . . .

The offense was donating $2400 each to three Democrat(ic) candidates. The network policy requires the news division employees to get permission before making political donations because (here’s the funny part) it ‘could be deemed as a conflict of interest.’ CNN says that they have a similar provision in their rules of engagement.

Were it not in the network’s ‘ethics policy’ I wouldn’t have a problem with him wasting his money on anyone trying to run for office. But to think that it took this little incident to call their attention to a potential conflict of interest issue has me ROTFL. Don’t they ever listen to what he says on the air? I would expect that he had a payroll deduction arrangement going to the DNC for crying out loud.

Where MSNBC is concerned, it is too little too late. Between Olbermann and Chris Matthews, it is no surprise that their ratings are down to employees, friends, and relatives.

Link: CNN; Olbermann suspended for Dem contributions

UPDATE 11/7/2010: Indefinite = 2 days. Olbermann back on Tuesday.

UPDATE 11/8/2010: Chris Hayes, editor of The Nation, a liberal magazine, tapped Friday by MSNBC to fill in for Keith Olebermann as host of the prime-time political show “Countdown.” Turns out, he gave money to two Democratic campaigns in recent years. Now, following that disclosure, MSNBC says Mr. Hayes won’t get the gig after all.