From Zero Hedge:

…As usual, Rogers saved the best for Bernanke: “Since the first day Mr Benanke went to Washington I knew he was going to be a disaster. He has never been right about anything in the 7 or 8 years he has been there. I hope he doesn’t come back with QE3 but that’s all he knows. The only thing he knows to do is to print money. He doesn’t understand finance, he doesn’t understand currencies, he doesn’t understand economics. He understands printing money. It’s the wrong thing to do but that’s what he’ll do… They’re gonna bring QE back because he will be terrified and Washington will be terrified,” he said. “There’s an election coming in November 2012. Washington’s gonna print more money.”…

As this exactly tallies with my views, it is certainly a work of genius, right?

Seriously, though, there is no indicator that Bernanke has any other trick up his sleeve. There is nothing in his past action which indicates that he will pivot away from quantitative easing and towards a different economic paradigm. Bernanke is not alone in this, but he is the man in charge of the Federal Reserve…he can print us in to oblivion, or think things through and come up with an economic model of hard work and careful savings. But, alas, we will have to go through a pretty steep recession to get rolling on that…and Bernanke is not about to risk that. It would be too dangerous to all of the Ruling Class. Not just that part in DC, but also that part in Wall Street. The “too big to fail banks” will fail – and Bernanke, a bankster’s bankster, cannot contemplate that.

As I’ve been saying for quite some time, our economy based on fiat money and usury has reached a dead end. An inevitable dead end – a dead end any theologian or philosopher worth his salt could have seen coming a mile away. And don’t get me wrong, here – I failed to see it coming, too. I had some inklings over the years that things weren’t right – and I became an advocate of gold currency about 10 or 12 years ago – but I never suspected just how entirely fraudulent our economy had become. You can’t borrow your way to wealth. You can’t print your way to wealth. You can’t live in a world of instant gratification. You can’t allow a substantial portion of your working age population to sit on its collective duff. You can’t outsource the dirty, grimy work which is the bedrock of any rational economy. We were taken in by an economic siren song – but we were willingly taken in. We were happy to be suckered. But now it is time to pay the piper – and the sooner we all recognize this fact the sooner things can be repaired…while the longer we try to put it off (by stimulus and money printing) the worse it will get.

There is no way out of this except through a period of very tough economic times. As I’ve said before, if Obama – and/or Bernanke – would just figure this out, they could be of some real service. But, for such as these, the risks are too high…they, personally, might not survive at the top of the heap, even as they set in place the policies which will lead to our resurgence. For some people who arrive at the top, the worst possible thing is to no longer be on top…and our leadership, right now, is of this sort. We can expect nothing from them…as the ship goes down, all they’ll ever do is re-arrange the deck chairs.

But, no matter: they won’t be in power, forever. The only real question is whether we, the people, will have the courage to select replacement leaders who will tell us the truth and lead us fearlessly through the disaster, even at the cost of their own power and wealth?

From Althouse:

I would have to have been restrained – these kids, these Special Olympics athletes, they aren’t about the fight between the governor and the unions…they are just about hard work, dedication and love. To them, this was their special day…the day to be honored not by Scott Walker, but by the Governor of Wisconsin. I know what these wonderful people are like…because my brother is one of them. And it would have angered me to a white-hot fury had I seen this in person.

There is a time and a place for everything – and when the Special Olympics is being honored by any government official, it is time for everyone else to just shut up and sit the heck down. Trust me on this – this is a promise – if any TEA Party activists were to ever disrupt President Obama while he was honoring the Special Olympics, I would be just as furious. There are some things you just don’t do. And these miserable little shits of the left have just done it…

From UPI:

…”First, the Obama administration fails to do its job on the border. Then it sues Arizona to prevent us from helping to fight illegal immigration. Then it tries to create a false sense of complacency by arguing that the border is safe, when it isn’t,” Arizona Attorney General Tom Horne said in a statement. “Now it argues that persons should be able to register to vote without providing adequate information enabling verification of citizenship, thus enabling illegal aliens to register to vote. This is contrary to the interests of the people of the United States of America.”…

This is just typical of Holder’s “Justice” Department – club wielding thugs at a voting booth? Perfectly ok. Trying to stop illegal votes from being cast? Don’t you dare! I guess Holder is leaving no stone unturned in order to help Obama’s re-election effort.

More seriously, I want an investigation of Holder’s actions – preferably by a new AG under a new Administration in 2013. I want to find out if any laws have been broken by Holder in the way he’s conducted business…if there is one Obama Administration official I think worthy of a prison cell, it is Holder. This isn’t about policy differences – I think the man, by refusing to enforce the laws justly, must be in violation of one or more statutes…and if investigation shows that his actions aren’t a violation, then we need laws created to ensure that any future AG who runs roughshod over American liberties faces the music.

Proof that the Ruling Class is globally stupid:

President Barack Obama on Tuesday urged European countries and bondholders to prevent a “disastrous” default by Greece and pledged U.S. support to help tackle the country’s debt crisis…

…After a meeting with German Chancellor Angela Merkel, he stressed the importance of German “leadership” on the issue – a hint that he expects Berlin to help – while expressing sympathy for the political difficulties European Union countries face in helping a struggling member state…

We’ve got our own debt crisis. Chancellor Merkel’s political party is being hammered in local and regional elections over her involvement in previous bail outs. Greece already cannot repay the debt they have. And here comes Barack Obama – his solution? Offer more money we don’t have while urging Merkel to commit political suicide in order to prevent a Greek default. And all of this because the Greek and other “PIIGS” default risks are already causing economic problems, while an actual default will plunge the world in to recession…and thus plunge Obama in to extreme risk of losing next year.

To nutshell it – President Obama is more than willing to shove America further down the road to financial meltdown in order to prevent the Worst Thing: President Obama’s defeat.

How’s that hope and change thing working out for you?

Seems you can only get so much mileage out of a dead bin Laden – from Life News:

President Barack Obama has lost 20 percent of his approval rating in the course of five weeks in a national poll conducted by the Washington Post. The survey shows that Obama’s bounce he received after Osama bin Ladin’s death has dissipated.

Five weeks after receiving a net positive 18 percent approval rating in the Washington Post poll following the killing of the terrorist mastermind, Obama’s approval rating returned to its pre-bin Ladin status. Obama’s approval rating from the last poll was 56-38 positive versus negative. Now, 47 percent of the American public approves of his job performance while 49 percent disapprove — almost identical to the 47-50 percentage point split Obama saw in mid-April…

Obama’s fate is tied up in two things – how the economy goes and whether or not the GOP nominates a candidate who will go relentlessly after his record and the overall failure of liberalism.

If the economy improves remarkably over the next 12 months, then Obama will have a much easier time of it. Still no guarantee he’d be re-elected, but it would make his narrative work well: “I inherited a lousy economy and thanks to my policies, we’re back on track”. While overall contempt for Obama is growing, it is hard to argue with success…even if that success is mostly an illusion (until we radically change policies, any “improvement” we see in official numbers will be merely masking ultimate collapse).

But even if the economy is in poor shape Obama could still win re-election if we nominate a candidate who won’t fight. If we get someone who wants to be courtly and respectful, then we’ll lose. This is not the time for reaching across the aisle…this is time for revolution. We’re on our side, they are on theirs and one or the other must prevail. We’ll either be a dying, liberal-socialist America or we’ll be a growing, conservative-libertarian America. It is one or the other – they can’t mix; oil and water get along better. But only a real fighter can lay out the case to the American people in a comprehensible way, thus opening up a clear choice – right or left, and for good.

Obama is clearly weakening. The bloom is long off the rose. But victory is by no means assured to us. Only a hard, grueling fight will secure victory for us…and there is that chance that even if we pour out our hearts, we’ll still lose…but even that is ok. If we lose after giving it our all, they we will have done our duty. If the American people really opt – after we’ve given them a fair chance to decide between two radically different courses – for a continuation of the Obama regime, then so be it…the people do ultimately rule in this nation, even if they opt for ruin. But I don’t want us sitting there in 2013 regretting that we didn’t give it our all…leave nothing out, hold nothing back; this is a fight to the finish and for the whole ball of wax.

From Real Clear Politics:

“[I]f you go back to the year 2000, when we had an obvious disaster and – and saw that our voting process needed refinement, and we did that in the America Votes Act and made sure that we could iron out those kinks, now you have the Republicans, who want to literally drag us all the way back to Jim Crow laws and literally – and very transparently – block access to the polls to voters who are more likely to vote Democratic candidates than Republican candidates. And it’s nothing short of that blatant,” DNC Chair Rep. Debbie Wasserman Schultz (FL) told TVOne’s “Washington Week.”

As Wasserman-Schultz is a liberal we can’t rule out the possibility that she’s just a dingbat…so dumb that she really believes all that liberal nonsense about the GOP being secretly racist and just waiting for the day we can propose to re-institute slavery. But if she’s not a complete moron, then we are left with this – liberals are deathly afraid that Obama’s support is eroding among African-Americans and other minorities.

To be sure, Obama will roll up 90%+ of the black vote in 2012 but there’s a difference – a huge difference – if it is 90% of a 60% black turnout (as in 2004) or 90% of a 65% black turnout (as in 2008). In 2008 there was a huge upsurge in minority turnout – black, hispanic and Asian, and most of these voters went for Obama. White turnout, meanwhile, was down slightly from 2004 levels. Essentially, this all played a gigantic role in the 2008 result – not absolutely decisive (Obama may have still won even if minority turnout remained at 2004 levels), but certainly very important. And it will be even more important in 2012 when we’re likely to have a higher turnout among anti-Obama voters than we had in 2008. If Obama can’t get the same sort of minority turn out he got in 2008 his re-election chances become immensely more complicated.

And how to Democrats get minority support? I mean, other than getting lucky and having the first serious minority candidate for President? Well, with Hope and Change wearing thin, it is time to break out the race card…and that is was Wasserman-Schultz is doing (unless, once again, she’s just an idiot). We can expect this song and dance right through the 2012 campaign…and it will get worse as time goes on; especially in those media outlets which are geared towards minority voters…there the gloves will really come off and the Democrat message will be pitched that the most nauseating, hate- and fear-mongering level.

Not too much we can do about it. The regular MSM is mostly on Obama’s side – the minority MSM is even more so. We of the GOP/Conservative camp are starting to make serious inroads among the various minority communities, but it will be the work of a generation before we can well and truly say that our message can compete with the liberal Democrat message. All we can do for 2012 is try to fight off the worst of it – calling the Democrats out when they make the most absurd statements, as well as seeing to it that Obama is made to answer for the race-baiting in his Presidential campaign (he, naturally, will try to stay above it all…pretending he has no idea it is going on…we’ve got to nail him down on it; tie him to the hate-mongering; make sure that the people know that it is Obama’s team which is pulling this nonsense.

We can bank on it that the 2012 campaign will be the longest, most expensive and nastiest political campaign in history. This is just a curtain-raiser here…a slight foretaste of the feces Democrats will spread all over this great nation of ours.

AS what? ASW – Navy-speak for Anti-Submarine Warfare. As far as I’m concerned, we should make this a live-fire exercise – from PJ Tatler:

The Fars news agency, which is run by the Iranian Revolutionary Guard, reported today that Iran has launched its first ever Iranian built submarines to the Red Sea. This is the first time such deployment has been attempted by the Iranian navy…

Iran’s government, having no legitimacy by American standards (which are the only standards that matter), it is not licit for the Iranian regime to even so much as have a navy…and having a submarine is just too risky. Cruel, corrupt and dishonest as the Iranian regime is, it is madness for us to sit idly by while they build and deploy weapons which will only be used for evil. So, treat this vessel, and any like it, as pirate ships…hunt it down and sink it. What if the Iranian government reacts? Let them – it would give us a ready-made excuse for taking our their nuclear facilities.

The bottom line, for me, is that we should start acting in the real world…no more pretending that un-elected, corrupt regimes of anti-human brutes are worthy of our respect or consideration. No more of this absurd dance – time to start doing the right thing, all the time and everywhere.

Ok, liberals – this is the chart that your side produced in early 2009 showing what was supposed to happen with and without the Obama recovery program…as you can see, not only did it not perform as desired but things are actually worse than your side predicted they would be if we did nothing in 2009. So, what is the plan, now? Tax more? Spend more? Borrow more? Print more?

How about we face reality, instead? How about instead of searching for some Big Government, socialist solution we just admit to bankruptcy, balance our budget, pay off our debts and free up the economy by cutting taxes and slashing through anti-wealth regulations? I realize that such a program would take 20 years to get us fully back on our feet but that is just the way the world is. There is this tedious, old-fashioned rule about things: if you don’t work hard and save carefully, you’ll never get ahead in the long run.

I know, I know…there is no room for instant gratification in that. Also no room for government grants for perfectly worthless activities. A lot of you liberals out there would have to enter the private sector and there it gets even more annoying because it demands actual results for a day’s work. But, you can get used to it – I promise: it’ll only hurt at first. Why don’t we all give it a try?

HAT TIP: Zero Hedge

Hey, its not me saying it – its the Washington Post:

…We take no view on whether the administration’s efforts on behalf of the automobile industry were a good or bad thing; that’s a matter for the editorial pages and eventually the historians. But we are interested in the facts the president cited to make his case.

What we found is one of the most misleading collections of assertions we have seen in a short presidential speech. Virtually every claim by the president regarding the auto industry needs an asterisk, just like the fine print in that too-good-to-be-true car loan…

Our President – the used car dealer of liberalism. Step right up folks, I’ve got a great program for you: a 1933 New Deal with only 14 trillion miles on it! And you can have it for the low, low down payment of 1.6 trillion dollars!