A political news post website for independent-minded conservatives and others who may be interested in the sane side of American politics. Remember, the American people love their liberty. It is in their DNA!
Thursday, November 11, 2010
JOHN BOEHNER HAD BETTER BE STRONG AND ADHERE TO THE TEA PARTY AND TRUE CONSERVATIVE VALUES AND POLICIES!
Wednesday, November 10, 2010
KEITH OLBERMANN FUNDED CO-CHAIR OF 'MARXIST-SOCIALIST BLOC '- THE RADICALS ARE BEGINNING TO SHOW AND TELL WHAT THEY REALLY ARE!
Olbermann funded co-chair of 'Marxist-socialist' bloc
Congressional group wants to remove socialism's stigma in eyes of Americans
7:15 pm Eastern
By Aaron Klein
© 2010 WorldNetDaily
NEW YORK – One of three Democrats financially backed by MSNBC host Keith Olbermann is the co-chairman of a Marxist/socialist-founded bloc in Congress.
Olbermann made donations of $2,400 each – the legal limit – to three Democrats: U.S. Senate candidate from Kentucky Jack Conway, who eventually lost to Republican Rand Paul; U.S. Rep. Raul Grijalva, D-Ariz.; and U.S. Rep Gabrielle Giffords, D-Ariz.
The donations were uncovered by Politico, which reported that Olbermann had financially backed the three Democratic candidates, despite a company policy that forbids an anchor from doing so without prior approval of the president of NBC News. The policy specifically states concern that an employee making such contributions may "jeopardize his or her standing as an impartial journalist" and "may create the of a conflict of interest."
Today, MSNBC President Phil Griffin announced Olbermann had been suspended over the violation.
"I became aware of Keith's political contributions late last night," Griffin stated. "Mindful of NBC News policy and standards, I have suspended him indefinitely without pay."
Grijalva is co-chair of the Congressional Progressive Caucus, which boasts more than 80 members.
WND reported the caucus was founded by the Democratic Socialists of , or DSA, and remains the group.
Demonstrating the close relationship between the DSA and the Progressive Caucus, two weeks ago WND reported the Democratic chairman of the powerful House Judiciary Committee was meeting with DSA leaders to discuss how the group could cooperate to strengthen President Obama and advance their "one-world" plans.
Rep. John Conyers, D-Mich., who has a long history with the DSA, was recorded promoting a "one-world" government while asking the socialist group to organize against the war in Afghanistan and in support of Obama's policies.
Conyers was a special guest at a two-day convention in Detroit in March 1982 that resulted in the formation of DSA.
Conyers has spoken at numerous DSA events, including at the socialist group's national dinner in 2008, where he was the keynote.
Conyers was one of 13 founders of the Congressional Black Caucus, which long has promoted far-left causes. He is the most prominent lawmaker lobbying to free Mumia Abu-Jamal, the convicted murderer of a Philadelphia police officer. He has advocated on behalf of the Marxist Nicaraguan Sandinista dictatorship and has called for the U.S. to end its sanctions against Fidel Castro's communist regime.
As WND was first to report, the DSA has been linked closely to the Democratic Party's Progressive Caucus.
Until November 2002, the website of the Progressive Caucus was hosted by the DSA. Following news reports that drew attention to the congressional website being hosted by the socialist organization, the list of CPC names was moved to the website of Sen. Bernard Sanders, I-Vt., an avowed socialist, and eventually to its own site.
The Democratic Socialists of America's chief organizing goal is to work within the Democratic Party and remove the stigma attached to "socialism" in the eyes of most Americans.
"Stress our Democratic Party strategy and electoral work," explains an organizing document of the DSA. "The Democratic Party is something the public understands, and association with it takes the edge off. Stressing our Democratic Party work will establish some distance from the radical subculture and help integrate you to the milieu of the young liberals."
Nevertheless, as WND reported, the goal of the DSA never has been deeply hidden. Prior to the cleanup of its website in 1999, the DSA included a song list featuring "The Internationale," the worldwide anthem of communism and socialism.
Another song on the site was "Red Revolution," sung to the tune of "Red Robin." The lyrics went: "When the Red Revolution brings its solution along, along, there'll be no more lootin' when we start shootin' that Wall Street throng."
Another song removed after WND's expose was "Are You Sleeping, Bourgeoisie?" The lyrics went: "Are you sleeping? Are you sleeping? Bourgeoisie, Bourgeoisie. And when the revolution comes, we'll kill you all with knives and guns, Bourgeoisie, Bourgeoisie."
Obama connected to socialist group
Top Democratic Socialists of America members have been closely linked for years to Obama.
Obama himself spoke at a forum organized by the group at the University of Chicago in early 1996 called "Employment and Survival in Urban America."
Quentin Young, considered the father of the U.S. single-payer health-care movement, is a longtime Democratic Socialists of America activist. Young has had a relationship with Obama, particularly in the 1990s, when he reportedly advised Obama on health care.
Young reportedly was present at a 1995 meeting at the home of former Weather Underground terrorist William Ayers, who was said to have launched Obama's political career.
Young has been active in Chicago socialist circles and was previously accused of membership in a communist group. In 1992, Chicago's branch of the Democratic Socialists of America awarded Young, a member, with their highest honor – the Debs Award.
In a 2008 article in the official Communist Party USA magazine, Young noted Obama previously expressed support for a single-payer universal health-care program, although he later waffled when asked about his position.
As an Illinois state senator representing a mostly black district on the South Side of Chicago, Obama publicly supported universal health care. He also co-sponsored the Bernardin Amendment, which did not pass but would have amended the Illinois State Constitution to add health care to the list of basic rights for residents.
Meanwhile, Obama spoke at the March 29, 1998, service for Chicago Democratic Socialists of America member Saul Mendelson.
Timuel Black, a member activist, mediated political disputes on behalf of Obama in the 1990s and was reportedly involved in Obama's campaign committee during his successful 2004 Senate race.
Longtime member and activist Arnold Wolf was a member of "Rabbis for Obama" and has held fundraisers in his home for Obama, including a function in 1995 that was aimed at introducing Obama to the Hyde Park activist .
Eliseo Medina, international executive vice president of the Service Employees International Union, has been honored by Democratic Socialists of America. During the most recent presidential campaign, Medina served on Obama's National Latino Advisory Council.
WND reported Medina, speaking at a 2009 Washington, D.C., conference, declared granting citizenship to millions of illegal aliens would expand the progressive electorate and help ensure a progressive governing coalition for the long term.
INFLATION AND DEFLATION EXPLAINED - GET READY FOR INCREDIBLY SCARY TIMES AS THE FEDS ATTEMPT TO BUY U.S. DEBT AND DEVALUE THE DOLLAR!
|Inflation, Deflation, and QE2|
|November 9, 2010|
|RUSH: Sherry in Winston-Salem, North Carolina, it's great to have you on the EIB Network. Thank you for waiting, and hello.|
CALLER: Hi, Rush. Great show as usual.
RUSH: Thank you.
CALLER: I'm learning something. I wanted to do my small part to try to clarify things about the Federal Reserve buying bonds and how that might lead to inflation.
RUSH: Please do.
CALLER: Oh, good. Well, firstly, when the Fed purchases bonds, the only way that leads to an increase in the money supply is if the Fed creates deposits to pay for those bonds. So I think people mistakenly hear the Fed goes on a big purchasing program, that means the money supply is gonna go up by that amount. I think that it probably --
RUSH: Wait a minute. Isn't that the objective? Isn't that what the Fed wants? Doesn't the Fed want inflation?
CALLER: Well, I believe that Bernanke is fine with inflation. I think that what he is deathly afraid of, being a student of the Great Depression, is deflation. I think he feels powerless to calm that deflation. So he's merrily going on his way holding the bag to the Treasury and allowing the money supply to skyrocket, and that will, in fact, I believe cause inflation. But Bernanke is excessively confident that he's going to be able to combat inflation. It's deflation that he's catatonically afraid of.
RUSH: I'm gonna get back to inflation in a second. Whether they're inflating the money supply or not, whether or not they're actually making deposits or not as you said, the fact is commodity prices are already rising. Look at oil. Look at gold. They're already going up just on the plan to do it. They haven't even made the first purchase yet of these bonds -- the stocks, the securities -- it's gonna happen over eight months. It hasn't even happened yet, and it's already the prices are going up because the people doing this, the investors know the dollar's gonna be weakened.
CALLER: That's correct. That's right. That's right. And the real economy -- you know, mom-and-pop businesses -- are working as hard as they can to keep being productivity to keep the real interest rate up there. So our dollars are strong for a reason, that they're not being inflated down in value.
RUSH: Now, what is deflation? I always struggle to explain this to people. I'm sure when you say that what Bernanke is really worried is deflation, some people who have not heard that before say, "What?" Please explain that, would you?
CALLER: Well, just imagine the economy shriveling up, that everybody wants to put their money under their mattress. Nobody wants to spend anything today because they think prices are gonna go down tomorrow, which is what deflation means, and why buy it today for $10 if I can wait 'til tomorrow to buy it for nine? And in the meantime, production falls, employment falls, and it's a vicious downward cycle that the federal government, that the policy makers do not have a tool to combat.
RUSH: Exactly right.
CALLER: All they can do is increase demand.
RUSH: That's exactly right, because what happens is when producers can no longer charge what it costs to manufacture or provide a service, then they're outta business.
CALLER: That's right.
RUSH: You're not even talking profit. If they can't even make the nut back --
CALLER: That's correct.
RUSH: -- and that's what deflation does, among many other things.
CALLER: That's right. The federal government, with fiscal policy and monetary policy, are absolutely powerless to combat it. They wouldn't have a tool kit to play with, and they would have to just trust the private economy to get us out of the mess, and they don't trust the private economy to get us out of this mess.
RUSH: And why not? Why do they trust the private economy?
CALLER: Because they're policy makers. They want to create a demand for their own services because they think they know better than all of us.
CALLER: I think Bernanke blinked in '08. I think he blinked at the beginning of the financial crisis, and Geithner and the Treasury are the ones that are really calling the shots. I think the Federal Reserve has kind of lost its way, and they're trying to get it back to a point where they're autonomous, but they're absolutely not there yet.
CALLER: So we basically lost whatever benefit the Federal Reserve could do for the economy, which is basically be predictable and insert liquidity into the economy. That's all the Fed can do anyway.
RUSH: And it hasn't been working. This is not the first attempt at it.
CALLER: No, but they're shooting themselves in the foot. Do you know that they're complaining about commercial banks not lending but they're paying banks to not lend? They're literally paying banks interest to hold onto their deposits and not lend them out. They're very disingenuous on the part of the Fed right now.
RUSH: Now, that's true, but you're gonna have to explain this in lay terms. I'm gonna take a break and I want you to formulate your answer here, but what happens when the banks borrow money and then turn around and keep it rather than re-circulate it and lend it, why is are they doing it. Because they're making more money by not lending it --
CALLER: That's right.
RUSH: -- because it's not costing them anything to get the money. Money is free right now. It is a vicious cycle. Look, hang on. This is an economics professor, Sherry from Winston-Salem, North Carolina.
RUSH: All right, Sherry, we're back, and I've got about four minutes here. I just wanted to give you some idea of the brevity we need to engage in here, but I have been hearing from economics friends of mine, economists, experts and so forth since the late eighties about deflation. I have been hearing about this paranoia of deflation, and yet to me this talk that there's no inflation going on is a crock. Go to the grocery store and tell me there isn't any inflation. I mean prices are going up. The idea that we're heading for deflation I think is partially a myth.
CALLER: It is a type of paranoia. I believe that. But the scholars, and Bernanke considers himself one of those, on the Great Depression, a lot of them link that to the failure of the Federal Reserve to step in and provide liquidity.
RUSH: Yeah, yeah. Well, that sounds like Obamaism. FDR didn't spend enough.
CALLER: Well, no spending is one thing. That's, you know, the government whipping out its checkbook and paying for things with tax dollars. The money supply is something completely separate. Just think of it as liquidity, the grease that goes around in the engine. It's not, you know, moving money through time, like debt does.
CALLER: It gets confusing. You were asking before the break about why banks are doing what they're doing right now. On the one hand they're being criticized for not lending to private industry like they used to, and that is how they earn their profits, you know, they charge interest income for loans, but loans are just deposits to the bank that are not used as cash on hand to cash checks and reserves that they're required to hold by the Fed. So you got deposits on the one side of the balance sheet, that's their liability, and then you got currency and reserves and loans on the other side. So whatever money the banks take in that they don't have to keep as currency and don't have to keep as reserves, they should theoretically lend out in order to make money. But why they're not lending right now is two reasons. One is because the Federal Reserve for the first time in my memory are paying the banks interest on their reserves. So a reserve is a dollar not lent. And secondly, they're afraid to lend because the policies coming out of Washington are so oppressive and risky to private industry that the banks can't be really sure of getting their money back until we know that private industry is gonna be allowed to be productive and allowed to make long-term plans.
RUSH: Makes total sense.
CALLER: So they can't be sure of getting interest from private industry, it's very risky, and they're absolutely sure of getting interest from the Federal Reserve right now today. So why not just hold onto that money and --
RUSH: If the Fed is essentially paying them to keep money --
CALLER: They are paying them.
RUSH: That's what paying them interest is, then why should they take the risk of lending it to people who may not be able to pay it back because existing policy or future policy coming out of Washington may make it increasingly difficult to stay in business or to be productive? And all of this is -- folks, if I may interrupt here -- all of this is creating mass confusion and leading to an absence, a total lack of confidence. When you have a lack of confidence at the institutional level, from the Fed on down, the money people, when you have a lack of confidence in the economy, and you got a president overseas applauding the notion that America's economic dominance is over, you've got not only a lack of confidence, you have confusion, which is gonna cause paralysis, which is essentially where we are. You throw in this fear of deflation, and that means everybody's sitting on what they've got, pure and simple. It's not circulating, ergo let's flood the market with printed money. Vicious cycle. They've been trying it, and it hasn't worked.
CALIFORNIA IS BANKRUPT! THE STATE CONTINUES TO OVERDOSE BY BORROWING AND SPENDING - CALIFORNIA IS A CATASTROPHE!
Listen up, California. The other 48 states—your cousin New York excluded—are sick of your bratty arrogance. You're the Lindsay Lohan of states: a prima donna who once showed some talent but is now too wasted to do anything with it.
After enjoying ephemeral highs and spending binges, you suffer crashes that culminate in brief, unsuccessful stints in rehab. This cycle repeats itself every five to 10 years, as the rest of the country looks on with a mixture of horror and amusement. We'd feel sorry for you if you didn't constantly flip us the bird.
Instead, we're making bets on how long it will be before your next meltdown. Oh, wait—you're already melting down.
You've racked up nearly $70 billion in general obligation debt, and that doesn't include your $500 billion unfunded pension liability. Your own analysts predict you'll face a hole of at least $80 billion over the next four years.
Your government's run by a brothel of environmentalists, lawyers, public-sector unions and legislative bums. When they're not taxing or spending, they're creating regulations and commissions like the Board of Barbering and Cosmetology and the California Blueberry Commission. Many businesses would leave if it weren't for your sunny climate.
Which may explain why you're so obsessed with climate change. If your climate changes, no one, including your Hollywood friends, would tolerate you anymore. So you've created a law to tax carbon emissions—no matter that it will kill jobs.
It's not as if you don't recognize that you've got problems. Roughly three-quarters of you say you're headed in the wrong direction, according to a recent survey by the Public Policy Institute of California. You're even more depressed than Illinois and New York, and you've got sunshine 10 months of the year!
You appropriately give your government low marks—28% approval for outgoing Gov. Arnold Schwarzenegger, 16% for the legislature—yet you continue to re-elect the politicians who got you into this mess. Not a single incumbent state legislator lost re-election this year, including one Democrat who died a month ago (no joke). What's scarier is that you've just given almost all of the keys to statewide offices to Democrats.
Jerry Brown will be your new (old) governor. This is the man who acted as a gateway drug to your spending addiction three decades ago when he gave public-sector employees collective bargaining rights. Helping enforce your wacky laws will be Lt. Gov-elect Gavin Newsom, the San Francisco mayor who flouted state law by allowing same-sex marriage. On the plus side, he has nice hair and loves you just the way you are. This is what he had to say after winning his race:
"We're nothing but a mirror of our consistent thoughts. You tend to manifest what you focus on. If you look around for what's wrong, you'll find it. But as all we know up here in San Francisco, when you focus on what's right, you see it all around you. . . . There is absolutely nothing wrong with California that can't be fixed by what's right with California. . . . If you're from another state, you'd love to have the problems of California."
You've also just re-elected Barbara Boxer (that's Senator Barbara Boxer) to a fourth term. She boasted on election night that it's her "eleventh straight election victory, and what a sweet one it is . . . [since] everything was thrown at us, including the kitchen sink, and the stove and the oven and everything, millions of dollars of negative ads from known and unknown opponents, millions and millions of dollars."
We've tried to help you, California. Some spent millions on campaigns to entice you to change your reckless behavior. And you told them to kick rocks.
So here's our final warning: When you inevitably crash and burn, don't count on us to bail you out.
Ms. Finley, a lapsed Californian who still wears Birkenstocks, is an assistant editor of OpinionJournal.com.
NOW YOU KNOW WHY CALIFORNIA IS BANKRUPT