Monthly Archives: November 2010

Economy

Monetary And Economic Worlds Collide

What happens when the monetary policy of the Federal Reserve and the economic policy of the Obama administration collide? We can all sit by and see what a currency war is all about in this global economy, and how it will impoverish us as a nation and as a people. Or, we can step up and make the hard choices. At this point, there are no easy ones left to make.

The problem we’re in was not caused from our taxes being too low. We’re in this mess because spending has been out of this world, and, woefully misdirected. Misdirected in the sense that preserving a capitalist and free market economy is the goal. And given where we are today, do you believe that the Obama administration shares that goal?

Is there an economist out there that can explain the confluence of bad monetary policy and equally bad economic policy, so that the dumb masses can understand it? And, is there a newspaper bold enough to put it on the front page, above the  fold?

Economy, Politics

Ben Bernanke’s Quantitative Easing Explained

This entertaining and informative video that explains what Fed. Chairman Ben Bernanke has done under ‘quantitative easing.’

I think it is time for the same congressional committee that on June 3, 2009 heard Bernanke testify, under oath, that the Fed is not and would not monetize the debt to call him back on this one. Forget the small stuff with baseball players lying to congress under oath. It’s time to start at the horse’s mouth.  Or, depending on your perspective, the other end.

After impeachment, sentence him to Club Gitmo for a term determined by the length of time it takes to have a Conservative (not Republican, but Conservative) majority in the House, Senate, and The White House for having caused more damage to America’s future than 19 terrorists did on 9/11/2001.

h/t The Market Ticker

Florida, Pensacola

Joe Bonamassa At Pensacola Saenger, Dec 1

I know I’ve posted an announcement like this before. But I have a couple of things to add, and, you probably haven’t bought your tickets yet. There’s still time. Visit Ticketmaster or the Joe Bonamassa website or the Saenger Theater website to get them. Buy 3 and get a fourth free.

At your next visit to Philly’s, pick up a flyer for the Saenger show. On the flyer there is an address and promo code that lets you download a free MP3 of Joe’s audio art. We now have two Philly’s locations in Pensacola. Our world headquarters at 3900 Creighton Road (850-969-0087), and our new location in the Milestone Shopping Center (aka Publix Shopping Center) at the intersection of Nine Mile and Pine Forest. The address there is 2166 W. Nine Mile Road (850-473-6780).

And speaking of Joe’s audio art, here is a sample from his show in Prague from a couple of weeks ago. The live version of Slo Gin.


Pssst. The free download is at JBONAMASSA.COM, promo code SAENGER

Don’t miss this show. A blues guitarist and artist like this comes around once in a generation. This is it.

Energy, Uncategorized

National Oil Spill Commission Report, First Take

The findings about the Deepwater Horizon explosion omit the role that the Coast Guard played in the subsequent underwater leak.

From here, it looks like pumping water on the damaged and floating rig for 3 days was, at the very least, a contributing factor to the rig sinking to the sea floor, breaking up the lines and turning one surface leak into three sea-bottom leaks.

The question I asked the oil spill commission concerning the Coast Guard was this, ‘Was their role and the decisions they made in the time-frame between the explosion and the rig sinking ever questioned or examined?’

Aside from the forensic examination of the original explosion, I wonder if it includes the cause of the sinking of the rig itself? I’m just saying.

Link: Spill panel: No evidence of saving $ over safety – Yahoo! News

Economy, Politics, Uncategorized, War On Terror

aSide Order

A random act of culture happened in Macy’s (formerly John Wanamaker’s) in Philadelphia last week, perpetrated by the Opera Company of Philadelphia. See if you can watch this video without tearing up. This brought about a union of people from all walks of life like no other. Only in America? Maybe so.

Another example of how stimulus money is being spent. How about $700,000 to study cow burps? Remember this, candidate, then President, Obama said he would not rest until every one that wanted a job could get one.

It’s been awhile since we’ve seen a little shock and awe. Here is a new Israeli hand fired tank buster. Shown here destroying the ordinance in the tank and its crew. The four other Syrian tanks following this one turned around.

Want to see the reason that this global war on terror will be a long one? Maybe a generation or two? Can’t wait to see what C.A.I.R. has to say about this child preacher. Nothing Islamophobic about this. Sad thing about it is, this isn’t the first child raised with the terrorist mindset, and won’t be the last.

Child-Preacher Ammar: “A Child Must Be Raised on the Love of Jihad and on the Desire to Be Martyred for the Sake of Allah”


Economy, Organized Labor, Politics

Is High Unemployment The ‘New Normal?’

The unemployment model in Europe is taking shape in the United States. When you look at historical unemployment rates across the pond you will understand why President Obama ‘fears’ the U.S. economy could enter a ‘new normal.’

The dirty little secret here is that this isn’t his fear. High unemployment is incidental to his goal. It is the community organizer’s way of moving forward with his agenda to ‘transform America.’

It is what happens when the government leans socialist and labor is pretty much owned by unions rather than a free market. It is no coincidence that Andy Stern, the president of the SEIU, is the most frequent guest at The White House. And they are nowhere near finished. The end-game where SEIU is concerned is to have taxpayers bail out the union’s underfunded retirement programs. Next up, Card Check. One step at a time.

Link: Obama says he fears economy could enter ‘new normal’ of low job growth.

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.

2010 Election, Florida, Politics

Alan Grayson’s Representation Died Quickly

Rep. Alan Grayson (D-FL), the man who made a fool of himself and his party when he said on the House floor that the Republican health care plan
 was for sick people to die quickly, was voted out of office on Tuesday. Voters in his district decided it was his representation that they wanted to die quickly. They elected Daniel Webster, a Republican 56% to 38%.

He has an explanation as to why he lost so big. He said it was because Democrats were too appeasing to Republicans over the last two years. What? I guess that if by appeasement where Obama’s signature legislation is concerned, Obamacare, you mean that you shut out Republicans from any input in the creation of the bill and not allow any amendments, then yes, they were appeasing.

I’m not a doctor, but I’ve seen doctor shows on TV. And it seems to me that Alan Grayson needs some counseling for Post Election Stress Disorder.

Link: Rep. Grayson: Dems lost because of ‘appeasement’