The Euro-Zone Stumbles Along

What you get when you cobble together a bunch of stagnant, socialist economies stuck with relentless population decline:

The Greek debt crisis has spread to Spain and Portugal in a dangerous escalation as global markets test whether Europe is willing to shore up monetary union with muscle rather than mere words.

Julian Callow from Barclays Capital said the EU may to need to invoke emergency treaty powers under Article 122 to halt the contagion, issuing an EU guarantee for Greek debt. “If not contained, this could result in a `Lehman-style’ tsunami spreading across much of the EU.”

Credit default swaps (CDS) measuring bankruptcy risk on Portuguese debt surged 28 basis points on Thursday to a record 222 on reports that Jose Socrates was about to resign as prime minister after failing to secure enough votes in parliament to carry out austerity measures…

…Mr Callow of Barclays said EU leaders will come to the rescue in the end, but Germany has yet to blink in this game of “brinkmanship”. The core issue is that EMU’s credit bubble has left southern Europe with huge foreign liabilities: Spain at 91pc of GDP (€950bn); Portugal 108pc (€177bn). This compares with 87pc for Greece (€208bn). By this gauge, Iberian imbalances are worse than those of Greece, and the sums are far greater. The danger is that foreign creditors will cut off funding, setting off an internal EMU version of the Asian financial crisis in 1998.

You’ve got to live like human beings – and that means working a lot, having some children and not building up a welfare State. We’ve caught a great deal of this disease, too, but not nearly this bad. Obama, of course, thinks it would be a swell idea to follow right along down this path, but I think that the American people will prevent him from doing it. And not only prevent him, but change the political landscape to the point where we can roll back the socialism which has infected our body politic.

The real lesson of this entire crisis – really, the lesson of the past 100 years – is that we went severely off course and if we want to live, at all, we’d better go back to where we screwed up and start afresh. We must heed Solzhenitsyn’s diagnoses – we “forgot about God” in the 20th century century, and even when we didn’t fall in to absolute evil, yet we still fell away from that rational living which is only possible among people who have the humility to understand that God is ultimately in charge; that we cannot set up entirely on our own but must give proper due to the laws of God.

It is a hard lesson, but well learned. At least, it has been learned by some of us – for others, I fear, only death and complete destruction will bring them to understanding.

Pro Choice Movement? No, They Really Are Pro-Abortion

And its really rather sad:

The national director for Generation Life says it comes as no surprise that liberal groups are upset over a Super Bowl ad featuring Tim Tebow and his mother.

Focus on the Family produced the 30-second spot, which is slated to run during the CBS broadcast on Sunday and reportedly will feature Pam Tebow recounting her decision to carry Tim to full-term, despite a doctor’s advice to have an abortion due to health concerns.

Liberal and feminist groups were quick to denounce the ad, even though it has yet to be previewed, and Brandi Swindell, founder and national director of Generation Life, contends the heated opposition shows the liberal groups’ true colors.

“They’re not really pro-choice organizations — they are pro-abortion organizations,” she contends. “So it’s disappointing when you see ads that pretend to be pro-woman, that at the end of the day are completely anti-woman. And we see them being very pro-abortion, very anti-woman as they protest and are so angry over this ad.”

The National Organization for Women has criticized the network’s decision to air the ad, saying it (is) “life threatening” and “extraordinarily offensive and demeaning.” To which, self-described pro-choice sports columnist Sally Jenkins replies : “If the pro-choice stance is so precarious that a story about someone who chose to carry a risky pregnancy to term undermines it, then CBS is not the problem.”

And there is the final truth of the matter – while plenty of people, as individuals, are pro-choice, the so-called “pro-choice” movement is actually pro-abortion. They are on the war path against this ad because it is an effective ad – it shows that even in the most trying of times, where there is life, there is hope. The leaders of the “pro-choice” movement are worried that the ad will just continue a long-standing trend – of more and more women choosing life and hope over death and despair.

I’ve come to the conclusion that there are two motivators for the “pro-choice” movement: greed and guilt. Greed, on the part of some who make bank off either performing abortion or running “pro-choice” groups. Guilt, on the part of those who have obtained, performed or assisted in abortion – or, by advocacy, have clearly advanced abortion – and now carry about the knowledge that they are complicit in murder of the unborn. The real pity is that they don’t realize that forgiveness and redemption are just a prayer away – they can get the burden of death off their shoulders and become people of Life, just by asking.

But pride isn’t a deadly sin just for the heck of it – it is, in my view, the deadliest of the deadly sins because it prevents us from rejecting all sin, and from accepting any salvation. People don’t like to admit they are wrong – it hurts the pride to have to humbly admit to error. And this especially true of those errors which remain after we’ve excused ourselves 10,000 times because of circumstances, and now are face to face with that error which clearly and absolutely our fault. Something we did which we know was wrong before we did it. As long as Pride hangs around such an error, the prideful person will never let it go.

And so the pro-abortion stones will continue to be cast, though it is clear that the Culture of Life is slowly winning the battle. This is natural because life is natural – we’re built for it and eagerly accept it; to reject it and to seek its end for trivial reasons just goes against the grain.

Regarding ManBearPig and Unicorn Farts…

Acting like ClimateGate and UN-Gate never existed, the tone-deaf anti Quixotes over at the LA Times continue to tilt at windmills:

Even before Republican Scott Brown’s stunning election to the Senate in traditionally Democratic Massachusetts last month, it was proving hard to corral moderate Democrats to support a bill capping greenhouse gas emissions. Now they’re afraid to back anything that could be perceived as harmful to the economy. “Realistically, the cap-and-trade bills in the House and the Senate are going nowhere,” Sen. Lindsey Graham (R-S.C.) told the New York Times. That’s a distressing comment coming from one of the three senators supposedly crafting a compromise climate bill that’s capable of achieving a filibuster-proof majority in the Senate.

President Obama has backed down too. On Tuesday, he signaled that cap-and-trade could go the way of healthcare reform’s “public option,” saying it could be removed from the climate bill. That would eliminate the market mechanism for pricing greenhouse gas pollution — and without setting such a carbon price, other measures under consideration, such as a national renewable energy standard, won’t go far enough to significantly slow global warming.

And whatever will the Billy Goats Gruff do about the troll that remains under the bridge?

The gig is up. The party is over. Nobody buys your claptrap anymore.

Go back to the drawing board, warmers–time to come up with another scam.

824,000 Jobs to Disappear

Because they never existed:

The U.S. may lose 824,000 jobs when the government releases its annual revision to employment data on Feb. 5, showing the labor market was in worse shape during the recession than known at the time.

I like that; “during the recession”, as if we’re actually out of it.

Anyways…

What happened here is that bureaucrats, looking through their rose-colored glasses, figured that a certain number of jobs are being created. How do they figure this? Best I can figure is that they guess – whether its a guess they work out on paper or just pull out of their rear end, I don’t know. Anyways, they say that – even in the midst of the worst economy since the Depression – people are just out there creating jobs right, left and center. Meaning that the employment picture is not as bad as it might look if you merely pay attention to that trivial fact of massive job cuts all across the economy. Eventually, though, they have to square the guess with reality – and thus, we’re going to see the jobs shrink by 824,000.

This won’t change the unemployment rate – that rate has its own series of guesses which ultimately prove laughably false. But it does show that nothing good was happening in 2009. As I’ve said, all the “recovery” has been is smoke and mirrors. And I’m holding firm to my contention that the economy continues to contract – that we are getting net poorer by the day here in the United States. I base this on the simple fact that there is no incentive to create wealth right now, even if the prospect is there (which its mostly not), and when you factor in growing population, you get a net loss, even if the dollar value of the economy doesn’t shrink (though I think that is happening, too).

We can get out of this – but only if we lay off half the government, cut taxes, cease borrowing and remove those regulations which make it hard to make, mine and grow things. Until we do that, we’ll just be digging ourselves a deeper hole.

HAT TIP: Gay Patriot

Obama Merch Stops Selling

I love it.

One sign that Washington, D.C., had been home to Obama Mania was the number of independent retailers selling all sorts of Obama merchandise. Every street corner, it seemed, had Obama wares (or Obama wear) for sale
. Now, however, most of the winter caps for sale are not emblazoned with the Obama logo. T-shirts depicting our president as a dunking Michael Jordan, a victorious Muhammad Ali, or saber-baring Luke Skywalker (yes, these shirts all existed) are nowhere to be found.

This time last year, the Obama Store was teeming with customers. Ideally situated in the basement of Washington’s Union Station, the store was filled with consumers eager to buy anything with Obama’s likeness while others took pictures of the life-size cut-outs of the president and first lady. Now, the Obama Store is boarded up.

How quickly things change in a year.

So, we got Democrats in reelection battles distancing themselves from Barry, and now Obama merchandise is becoming dollar store junk items. Hard to believe? Well, given the absolute failure of his administration, it is actually quite understandable. After all, in 2012, when he runs for reelection, his new slogan will have be “No, We Couldn’t” and that just doesn’t have the same appeal as “Yes, We Can.”

"Bush Was Not the Problem"

This is going to make our liberals scream:

Well, here we go. Remember the number of articles bemoaning the fact that Europeans are stupefied by Bush’s arrogance, or whatever (or words to that effect)? Well, now we get a huge front-page headline in Le Monde saying Europeans Shattered by Obama’s Indifference (Les Européens ébranlés par l’indifférence d’Obama)…

…an editorial in Le Monde bemoans the fact that Europe has been snubbed — again (this time, it is Barack Obama’s refusal to participate in José Luis Zapatero’s USA-Europe summit). As for Arnaud Leparmentier and Corine Lesnes’ article, it starts with these words:

Bush n’était pas le problème. Obama n’est pas la solution…

If any of you liberals out there don’t understand French, I’ll venture to translate that, if asked.

Anyways, we’re always happy to say, “we told you so”. Obama never should have been nominated, let alone elected. He’s completely out of his depth. Compounding the problem is that the whole Obama Administration – and the whole American left – doesn’t understand the complexities of global politics. I know you on the left think you do, but you really don’t – it takes hard nosed, American realists to see what you blinded yourselves to.

It isn’t about Bush being a “cowboy”. It isn’t about “unilateralism” (an absurd claim given that we never did anything without partners). It isn’t about US support for Israel. Its not about any of your liberal talking points – its all about power: who has it, who wants and and what is to be done with it. President Bush understood this, Obama doesn’t and thus Obama can’t even keep European leftists happy with US policy.

The Europeans are waking up – wonder when our own liberals will?

A New Offensive in Afghanistan

The news:

U.S. troops are bracing for the biggest joint offensive since the start of the Afghan war.

Officers say the troops will be joining their Afghan and NATO allies, targeting a southern town that’s believed to be a big Taliban stronghold and a hub for the militants’ lucrative opium trade.

Security issues prevent officers from giving a date the offensive begins. But U.S. commanders have said they plan to capture the town of Marjah in Helmand province. That’s about 380 miles southwest of Kabul.

It will be the first major offensive since President Barack Obama ordered 30,000 more U.S. troops to Afghanistan, and many of the Marines set to participate arrived as part of the surge.

We know that a terrorist rabble cannot withstand our troops – as long as they are properly supported from home, they will win. But it will be a long, hard fight and we can expect serious casualties.

Remember, fellow Americans, that as we debate and argue here at home, the best we have are doing the real work of our nation. Pray for the troops, and pray for victory.

A Balanced Budget Amendment

This is the very best thing we can do for our nation:

A group of Republicans senators will introduce a constitutional amendment tomorrow requiring the federal government to keep a balanced budget.

The proposal, which many states have enacted for their own budgets, would prevent Congress from running yearly deficits.

Sens. John McCain (R-Ariz.), Lindsey Graham (R-S.C.), Jim DeMint (R-S.C.), Tom Coburn (R-Okla.) and George LeMieux (R-Fla.) will announce the legislation at a press conference Thursday morning.

The senators will also propose a one year moratorium on earmarks, which critics say unnecessarily inflate appropriations bills.

We’re spending ourselves in to complete economic devastation. I know that the bankers and the government keep pushing out numbers saying things are getting better, but the truth is that its all coming apart – the bottom is out of the tub.

Balancing the budget, lowering taxes and getting rid of wealth destroying regulations is what will get us out of this mess – and nothing less will do.

Democrats Distancing Themselves From Obama Already

I never expected this to happen… After Obama’s blasphemous victory in 2008, I figured his adoring supporters would never turn on him, and his party would sitck by him loyally as he destroyed the country.

Well, it appears that Democrats are actually distancing themselves from Obama as a they desperately try to cling to their elected positions.

In office only a year, and he’s already a liability. Gotta love it.

The Continued Balkanization of Race

Is this site racist?

Quote

“…(that) they will not be judged by the color of their skin, but by the content of their character.” -Martin Luther King, Jr.

While the ad was no doubt a clever marketing ploy by the front office at McDonald’s, the ad also showcases so much of what is wrong in our society when it comes to dealing with the issue of race.

Balkanization and ‘multiculturalism’ will not cure racism. Rather, it is my contention that by focusing on cultural differences, the ‘multiculturalism’ movement did more to foster balkanization, racism, misunderstanding and mistrust between races than white supremacist groups were ever able to accomplish.

Racism and division will not end until people stop focusing on the amount of melanin in one’s skin, and instead focus on our common humanity, and common goals as fellow citizens of these United States.

Only by focusing on shared, common values as human beings will we be able to move forward; and then and only then will we be able to achieve Dr. Martin Luther King’s dream of a color-blind society.