Banksters and Bureaucrats Hope for Fed Bail Out (Again)

The stupid and the greedy are hoping that Federal Reserve Chairman and all around economic dimwit Ben Bernanke will screw the working poor and middle class one more time to keep asset prices over-inflated:

..Following a slew of downbeat economic indicators, market expectations are growing that there will be more quantitative easing from the Fed before the end of the year. Under the radical scheme, also used in the UK last year, central banks pour money into buying assets such as government bonds from banks and the commercial sector, pumping more cash into the financial system and at the same time cutting market rates…

I understand why the people calling for Quantative Easing 2.0 (ie, print more money) are doing so – because they live off our over-leveraged, usurious, fiat-money-based economy and they know that if asset prices don’t remain inflated, they’re cooked. I know why Ben Bernanke is at least willing to do it – he’s one of them. What I don’t understand is why no one in government – from Obama on down – is out there screaming and even legislating for Bernanke to stop. Sure, Obama believes in that Keynesian economic nonsense, bit it is clear that the last QE didn’t work – so why try it again?

We’re eyeball to eyeball with complete economic collapse while Obama and his Democrats are facing a crushing defeat this November. If the plan is that Obama and his Democrats are hoping to add a 2012 wipe out to their 2010 losses, then letting Bernanke get away with QE2 is the best way to do it. Sure, such a move would delight the sort of idiot investors who got us in to this mess and keep the S&P 500 high for a while – and it might even put another momentary bloom of health on the economy (though very much shorter lived than the previous one) – but the ultimate result of such a move is just more of the same – ie, more economic pain.

Its time we started to realize that we’re broke – no, scratch that. The people do realize we’re broke – its time for our leadership to admit it. We have to get back to work and thus all policies must be geared towards plowing fields, digging mines and opening up factories…if it doesn’t assist in one of those three things, it simply should not be done…and whatever we do, it can’t be done with borrowed or printed money.

Its time to get back to the real world and get back to work – Bernanke thinks its time to bail out his bankster buddies.

"Black and Unwanted"

The Culture of Life is seeking to end the disproportionate destruction of black life by the abortion industry:

The Life Education and Resource Network (L.E.A.R.N.), in collaboration with The Radiance Foundation, announces the launch of the “Black and Unwanted” public awareness initiative in Bryan/College Station. On the heels of massive national and international media coverage of the “Endangered Species” campaign, this nonpartisan campaign continues to reveal abortion’s destruction in the black community while highlighting the need for more adoptions. TooManyAborted.com is the campaign’s online resource that provides irrefutable federal and state abortion statistics and the largely unknown history of the racism and eugenics of Planned Parenthood. It directly challenges the false rhetoric, with actual facts, by groups like the Religious Coalition for Reproductive Choice (RCRC) and other abortion advocates…

The fact will always remain that abortion and birth control were first advanced by the eugenics movement – which sought to cleanse America and the world of “undesirable” children, especially black children. They were seen as weaker and a drag upon the “superior” people – the sickness has changed its rhetoric over the years, but the fact remains that black children are vastly over-represented in the abortion statistics, just as the founders of Planned Parenthood wished.

Death is not the answer to the problems of life. We are called upon to endure our trials and use love and mercy to comfort those in difficulty. In so doing we affirm our humanity – to do otherwise is a rejection of all that is decent. There is not and cannot be the slightest justification of any elective abortion – and even now it still astounds me that people allow themselves to be convinced that the answer to a poor girl unsure of what to do is to kill her child.

With life there is hope – and we must grasp at hope and do what is necessary to foster it. We must end this scourge of abortion and by so doing recover the moral balance which will allow us to ameliorate all other ills in our society.

Obama Administration Trashes America in U.N. Report

The Heritage Foundation looks at the “Report of the United States of America,” which was delivered  to the United Nations (UN) High Commissioner for Human Rights the other day.

The U.S. report is revealing of how the current administration views the American people and America’s place in the world. The first section of the report (entitled “A more perfect union, a more perfect world”) begins by quoting the Declaration of Independence, The U.S. Constitution, and Obama White House documents, includingPresident Obama’s Nobel Peace Prize acceptance speech. Though presented as coherent and harmonious thoughts, the intellectual inconsistency among these documents is striking.

Whereas the Declaration and the Constitution assert American independence and a realistic assessment of human nature, the U.S. UPR report declares that America’s international role is to help “build a world in which universal rights give strength and direction to the nations, partnerships, and institutions that can usher us toward a more perfect world, a world characterized by, as President Obama has said, ‘a just peace based on the inherent rights and dignity of every individual.’” With this in mind, the White House, cannot be satisfied with imperfection at home in America. Addressed to an international audience, the report contains many statements of dissatisfaction with America’s record,

Obama, and the people he surrounds himself with, don’t seem think very highly of America do they? You’d think that these people, who at this moment in time have the power to represent our country to foreign leaders and institutions like the U.N., would have more position things to say about our country.

Lunatic Attacks Moslem Cabbie: Left Blames Republicans

From NPR:

It’s not clear what if anything the attack on a New York City cab driver, a Muslim and Bangladeshi immigrant allegedly by a white 21-year old college student from upstate New York, had to do with the controversy over the proposed Islamic Center in Lower Manhattan.

But some observers have feared from the start of the superheated debate over the proposed Islamic center which would contain a mosque only a few blocks from Ground that hostility toward the project could lead to violence…

You have to get down to the bottom of the report to find out the guy was drunk – you know, loud mouthed drunk gets in brawl. Gee, that never happened before – must be the Ground Zero mosque opponents who caused it! We must shut down debate and become politically correct slaves in order to prevent drunk idiots from attacking Moslem cabbies!

Sorry, liberals, this ain’t gonna fly.

Obamunism! Big Retailers Announce Store Closures

From Daily Finance:

Your next shopping trip may not be as convenient as it used to be. The second quarter earnings season brought news from several major retailers that they will be shutting down stores. Both Saks and Abercrombie & Fitch said they were closing stores in several parts of the country. Meanwhile, other stores like the struggling Blockbuster video rental chain, continue to slash stores by the dozens. American Apparel, which is close to defaulting on its loans, just may be next.

Consumers just aren’t shopping the way they used to. Even Wal-Mart Stores, which typically fares well during tough economic times, is worried. “The slow economic recovery will continue to affect our customers, and we expect they will remain cautious about spending,” said president and CEO Mike Duke in a statement that was released during the company’s second quarter earnings report….

Not exactly the sort of news one wants to hear 3 months in front of the big shopping season – anyone want to take bets on whether this Christmas will be a financial bust? Might be we’ll have to get back to treating Christmas as, well, Christmas…all that God and hope for the world stuff we’ve put in the backseat in favor of new toys.

If you go to the linked article, you’ll see that this is not juts a few stores – Blockbuster is on path to close about 500 stores, while Abercrombie and Fitch will close about 100. How many people work in each store? 20? I don’t know – never really worked retail so I don’t know staffing levels…but its going to be a lot of people, and it is a sign of the continued contraction of the economy. And less retail outfits means lower levels of stock – less orders for factories; this is both a sign of how bad things are and a signal of how bad they might become.

As I’ve said, only a complete re-working of our economy towards wealth creation will get us out of this – people aren’t going to be able to fuel growth by putting it on the credit card, national or personal.

HAT TIP: Mish’s

Because Liberals Need To Hear It

The Tea Party Movement is planning nationwide public readings of the Constitution, Saturday, September 18th. Here are the details from WeReadTheConstitution.com

WeReadTheConstitution.com was formed in order to promote the reading of the Constitution in its entirety by as many Americans as possible. The Tea Party movement has stimulated a widespread interest in our founding documents, principles and ideals. We’re organizing a nationwide series of local events celebrating the United States Constitution on September 18, 2010. Across the United States ordinary citizens will be hosting or attending local gatherings at public places and backyard barbecues where they will read aloud the entire text of the United States Constitution. It is a profoundly moving exercise that will take less than one hour.

This is a good idea. I hope that Democrats will be forced to hear the words of the Constitution. Lord knows they need to finally read it.

Alaska Votes for Life

Lost in all the hub-bub of Tuesday’s primary elections was this – from American Papist:

Yesterday Alaskans voted to approve “Ballot Measure 2″ which requires that parents in Alaska be notified before their teen age 17-or-younger daughter has an abortion. Alaskans passed this pro-life initiative 55-44, though the Anchorage Daily News didn’t even bother to mention the final figures in their coverage.

Let’s get this straight – Planned Parenthood opposes the idea that girls under 18 should have to inform their parents they intend to get an abortion, despite the medical risks associated with abortion, despite the fact that most every other non-emergency procedure already requires parental notification if the patient is a minor, and despite the fact that a majority of Americans support parental notification laws.

Planned Parenthood and the ACLU funneled $800,000 into its campaign to stop Measure 2, five times as much as supporters (the Knights of Columbus was the biggest financial supporter of the measure)…

And that is pretty much it – an insane position is taken by the extremists of the ACLU and Planned Parenthood. They spend bags of money trying to sucker people in to backing insanity – and they are turned back at the polls by the common sense of the people. Even if you are pro-choice, I can’t imagine why anyone would deny parental notification for abortion – its just common sense. And thus the left hates it.

Issues such as abortion have taken a back seat to the very understandable concerns Americans have over the economy – but we must never let up for a minute in advancing the cause of life. If we don’t have a right to life, then we don’t have any rights at all. This is the fight for the future of our nation – whether we are rich or poor or what have you, if we aren’t a pro-life nation, then we aren’t a nation worthy of our Founders.

Rasmussen: CA Senate Race a "Toss Up"

Yet another once-safe Democrat seat in peril:

New polling in the California senate race has moved that race to Toss-Up status from Leans Democratic in the Rasmussen Reports Balance of Power Rankings. In the latest polling conducted on Tuesday Night Carly Fiorina and Barbara Boxer are virtually tied…

Barbara “Ma’am” Boxer is an entrenched member of the Ruling Class – and is a perfect example of same. Arrogant, out of touch and hopelessly ultra-liberal in outlook, her contempt for common sense is matched only for her disdain for the views of the people. Beating her would be the ultimate signal – even more so than beating Harry Reid – that new times are coming to America.