Glenn Beck: Washington is Out of Touch
I couldn’t agree more:
Read the article too.
Glenn Beck Talks with Daniel Hannan
Glenn Beck interviews Daniel Hannan, the UE Parliamentarian who gave Prime Minister Gordon Brown a serious verbal beat down recently.
Glenn Beck also sums up the whole economic crisis by asking Mr. Hannan if all this government spending and currency devaluation is being done on purpose to usher in the era of a united World government. One can’t help but wonder if he’s right. Sounds crazy but maybe he has a point…
Companion post from yesterday.
Foreign Policy Flounders Under Obama
From today’s New York Post:
AMERICA’S enemies smell blood and it’s type “O.”
All new administrations stumble a bit as they seek their footing. But President Obama’s foreign-policy botches have set new records for instant incompetence.
Contrary to left-wing myths, I wasn’t a fan of the Bush administration. (I called for Donald Rumsfeld to get the boot in mid-2001.) But fair’s fair. Despite his many faults, Bush sought to do good. Obama just wants to look good.
Vice President Dick Cheney was arrogant. Vice President Joe Biden is arrogant and stupid. Take your pick.
Why am I not surprised… Obama was the most unqualified presidential candidate in recent memory, he was elected in part because of a slick marketing campaign, and a Media who ran cover for him.
Spy Plane with Thermal Imaging to Snoop on Homes Wasting Energy
Another way the global warming myth is being used as a ruse to assert control over a population.
From the Daily Mail (UK):
Our movements are already tracked by CCTV, speed cameras and even spies in dustbins.
Now snooping on the public has reached new heights with local authorities putting spy planes in the air to snoop on homeowners who are wasting too much energy.
Thermal imaging cameras are being used to create colour-coded maps which will enable council officers to identify offenders and pay them a visit to educate them about the harm to the environment and measures they can take.
Orwell once described “Big Brother”, I think what he meant was Big Government…
The Newspaper Revitalization Act
Did I just read this correctly?
From Reuters:
WASHINGTON (Reuters) - With many U.S. newspapers struggling to survive, a Democratic senator on Tuesday introduced a bill to help them by allowing newspaper companies to restructure as nonprofits with a variety of tax breaks.
“This may not be the optimal choice for some major newspapers or corporate media chains but it should be an option for many newspapers that are struggling to stay afloat,” said Senator Benjamin Cardin.
A Cardin spokesman said the bill had yet to attract any co-sponsors, but had sparked plenty of interest within the media, which has seen plunging revenues and many journalist layoffs.
Cardin’s Newspaper Revitalization Act would allow newspapers to operate as nonprofits for educational purposes under the U.S. tax code, giving them a similar status to public broadcasting companies.
Let me get this straight, the Obama administration will collude with Congress to essentially subsidize the very a$$holes who helped the most unqualified presidential candidate in history skate into the White House? Can our government be any more out of touch with the rest of the country?
I’m filing this under Corruption…
Fed to Begin Purchasing Treasuries
Another important tidbit from Bloomberg.com:
March 25 (Bloomberg) — The Federal Reserve starts purchasing long-term Treasuries today, aiming to bring down borrowing costs by employing tools last used in the 1960s.
The first operation in the $300 billion effort is targeted on notes maturing from February 2016 to February 2019, the New York Fed Bank said in a statement yesterday. In the coming eight days, the central bank plans to buy debt maturing between March 2011 and February 2039, according to the tentative schedule.
The Fed joins central banks in the U.K. and Japan in extraordinary purchases of government debt, broadening efforts to unfreeze credit and end the recession after cutting the benchmark interest rate close to zero. The Fed’s purchases may ultimately be overwhelmed by new government borrowing to finance a budget deficit projected at $1.5 trillion this year.
So the printing presses have started up again in an attempt to re-inflate the “bubble”? Increasing the money supply, er… I mean “quantitative easing” will only serve to give people a false sense of wealth again. Then punishing inflation will set in making every average Joe poorer than they are right now.
U.K. Bond Auction Fails
Uh oh, are the markets beginning to doubt the infallibility of Big government? The Federal Reserve should take note…
From Bloomberg.com:
March 25 (Bloomberg) — U.K. gilts slumped after demand at an auction of bonds fell short of the amount offered, the first time the Treasury failed to attract enough bids at a sale of regular debt in 14 years.
UPDATE: Meanwhile, on our side of the “pond”, the AP is reporting this afternoon...
Stocks slide after lackluster demand for US debt
NEW YORK (AP) — Stocks lost ground Wednesday after a weak auction of U.S. government debt stirred worries about how easily Washington will be able to raise money to fund its economic rescue program.
Investors gave an unexpectedly cool response to a $24 billion auction of 5-year Treasury notes Wednesday, just a day after a $40 billion auction of 2-year notes suggested strong demand. Treasury prices also declined following the auction.
The government is running up record deficits in order to fund an array of plans to provide stimulus to the economy and support to the ailing financial system. Any suggestion that demand for U.S. government debt is weakening would be negative for stocks.
The Devalued Prime Minister of a Devalued Government
Here, here!
The title of this post could have been “The Devalued President of a Devalued Government”…
