Archive for November 2010
Bernanke’s inflationary binge could spark a currency war and ruin the dollar
Gerard Jackson Monday 8 November
Bernanke’s monetary shenanigans are building up a host of problems, domestic and international. In the next 8 months or so he plans to pump nearly $900 million dollars into the US economy with the intention of lowering interest rates to the point where business borrowing and consumer spending will be sufficiently stimulated to trigger a recovery. (If only it were that simple.)
Posted in Bernanke, dollar, Gerard Jackson, inflation, monetary policy, Money Supply, Recession, US economy, US unemployment
The failure of Roosevelt’s New Deal proves why Obamanomics cannot work
Gerard Jackson Monday 8 November 2010
Americans are still regaled with tales that Obama’s spending binge and massive deficits are vital to an economic recovery. As evidence many of his supporters are citing Roosevelt’s New Deal as proof that deficits work. In fact, the New Deal was an economic disaster that kept the US in depression until WW II restored full employment.
Has the Democratic Party become a socialist party?
Gerard Jackson Monday 8 November 2010
A socialist state is defined as one in which the economy and much of one’s personal life is centrally planned, meaning that the rulers and their bureaucracy decide what is to be produced, which lines of production are to receive investment and which are not, how much is to be consumed and invested, etc. (Irrespective of what some socialists assert it is impossible to impose central planning without controlling the people.)
Tuesday’s Sweetest Victory
Jack Cashill Monday 8 November 2010
Of all the sweet spots on Tuesday’s electoral map, none was sweeter than Pennsylvania. There, Republican Pat Toomey held off hard-charging Democrat Joe Sestak to win the Senate seat previously held by the politically transgendered Arlen Specter.
Just the Facts, Imam
Daniel Greenfield Monday 8 November 2010
Just the facts, Imam. A Muslim terrorist attack damaged a building, allowing Muslims to pick it up for a fraction of the price, in order to build a mosque on the spot. Some people might say that sort of thing is tacky. A little like coming by to make an offer on the house, after your cousin murdered the entire family who lived there. Sure, you might claim that you’re not responsible, but it just doesn’t look good. Especially once you start palling around with your cousin, and suggesting that maybe he was just misunderstood. And maybe that family brought it on themselves.
Divest from terror — not Israel
Roz Rothstein and Roberta Seid Monday 8 November 2010
Anti-Israel activists are spearheading a global boycott, divestment, and sanctions campaign (BDS). Posing as champions of human rights, they try to portray Israel and Israelis as pariahs who should be “punished” with exclusion from all international spheres—economic, academic, social, scientific, and cultural.
Bernanke’s snake oil and Obama’s leftism will be the undoing of America
Gerard Jackson Monday 1 November 2010
What is truly remarkableis that any Democrats at all will survive the mid-term elections given that there probably has never been a more incompetent and dogmatic administration than Obama’s White House carnival. What passes for economic policy is a complete shambles, and Bernanke’s crude Keynesianism is only aggravating the country’s pain.
Are we facing an inflationary surge and higher rates?
Gerard Jackson Monday 1 November 2010
When the CPI for the third quarter came in at 0.7 per cent many opined that this means that the Reserve would hold the line on rates. However, others argued that the 1.3 per cent rise in the producer price index indicated inflationary pressure was emerging and that this would force the Reserve to raise rates. So what is the real situation?
Deflation is not the enemy — bad economics is
Gerard Jackson Monday 1 November 2010
According to Alan Blinder “the present danger is not inflation but deflation”. His pal Bernanke has driven the Fed’s funds rate down to zero while giving the US economy an unprecedented increase in its monetary base. Not satisfied with that he is now apparently preparing an astonishing $2 trillion monetary expansion — and Blinder worries about deflation!
Saving the Murray River– a fresh approach
John Ibbotson Monday 1 November 2010
When I was born, Finley’s water was carted from the Murray River, 13 miles away. I was told that it used to cost more than beer, which seemed believable judging from the patronage of the three pubs across the road. Once the Mulwala canal was operational it supplied town water as well as a place to swim. With Mulwala water the town went from a dusty, “why the hell would you live here” to a pleasant green and prosperous town.
Time to reunite church and state
Matt Barber Monday 1 November 2010
John Adams, our second U.S. president, famously observed: “Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other.”
About Those Kennedy-Nixon Debates: JFK Lied, Cubans Died
Humberto Fontova Monday 1 November 2010
Recently in the New York Times, JFK speechwriter and adviser Ted Sorensen commemorated the 50th anniversary of the Kennedy/Nixon debates: When Kennedy Met Nixon: The Real Story, reads the op-ed’s title.Turns out, however, that the “real story” as “revealed” by Sorensen is identical to the one filtered through the MSM for the past fifty years: Kennedy, we’re given to understand, trounced Nixon — and not just in style — mainly in substance. Sorensen also laments what “now passes for political debate in our increasingly commercialized, sound-biteTwitter-fied culture, in which extremist rhetoric requires presidents to respond to outrageous claims .”
Barney Frank’s pattern of disgrace and corruption
Chuck Morse Monday 1 November 2010
The most recent Barney Frank scandal involves the congressman accepting a gift of a round trip fight on a luxury jet from S. Donald Sussman of Paloma Partners, a hedge fund manager who had previously received a $200 million federal bailout as a subsidiary of AIG.