Tuesday, December 29, 2009

The Obama Administration must go

It's time to put a real cop in charge. Homeland Security Secretary Janet Napolitano is just not fit for the job, after she claimed "the system worked" in Flight 253 terror incident. Caption & Image Credit: NY Daily News/Brandon AP

The Obama Administration must go

From self-professed Communists to American culture-hating PC malcontents, the administration of this 44th presidency must go.

The latest evidence of how dangerous this administration is to the governance of our country happened on Christmas day and the week-end following the foiled Islamic religion inspired terrorist attack on a Northwest Airlines Flight 253 during the landing phase of its Amsterdam to Detroit journey.

Janet Napolitano, the third Secretary of the Department of Homeland Security since its formation, has absolutely no idea or background in what it takes to protect our country from terrorist threats. Her first comment on the events that led to the failed bombing attempt (detonator break-down on the attempt to ignite $80,000 of explosive sewn into the underwear of Nigerian passenger, Umar Farouk Abdulmutallab) was that "One thing I'd like to point out is that the system worked," Napolitano said on CNN. "This was one individual, literally, of thousands that fly and thousands of flights every year," Napolitano continued. "And he was stopped before any damage could be done."

Problem is that nothing in the Homeland security system that Janet Napolitano heads stopped a man, who was pointed out to be a problem to the United States by his father (Abdulmutallab's father, Dr. Alhaji Umaru Mutallab, was a government minister during the 1970s and went on to become the head of the First Bank of Nigeria), from boarding a plane bound for a major United States city with explosives sewn into his underwear. Plain and simple ... the American people were lied to by Secretary of the Department of Homeland Security, Janet Napolitano, in an attempt to diffuse the real problem. This Administration does not believe that there really is a war on terror, just criminal acts. Janet Napolitano must go.

This is only the tip of the Obama Administration iceberg of dangerous appointed operatives.

We have all witnessed the trials of Van Jones, Green Jobs Czar appointed by Barack Obama's Senior advisor, Valerie Jarrett ... after it was discovered that he was a "truther" ... but this was not the worst of why Anthony "Van" Jones was dangerous to our country and its administration. He had claimed in his own words that he was a Communist - period.

From legal advisor in the State Department, Harold Koh, former dean of the Law School at Yale University, is an advocate of transnationalism ... to Mark Lloyd, Obama’s FCC diversity czar, who is an open admirer of leftist thug Hugo Chavez in Venezuela for his handling and control of media in Venezuela ... to Obama’s science czar, John Holdren, who advocates for forced abortions, forced sterilization, government control of reproduction, confiscation of babies from families at the whim of the state and elimination of so-called undesirables ... to Cass Sunstein, Obama's regulatory czar. Sunstein believes that hunting should be banned and animals should have the right to sue people and he also believes there should be a Fairness Doctrine for the Internet. Actually, almost all of the Obama Administration is filled with people who have a grudge against the United States and American Culture.

The Obama Administration has to go!

Wednesday, December 16, 2009

OBAMA-BERNANKE INFLATION - Simple dollar dynamics rears its ugly head

Federal Reserve Chairman Ben Bernanke has been named Time magazine's "Person of the Year" for 2009. Last year's winner was then-President-elect Barack Obama. The 2007 winner was Russian Prime Minister Vladimir Putin. Other previous winners have included Bono, President George W. Bush, and Amazon.com CEO and founder Jeff Bezos. Image Credit: urbandigs.com

OBAMA-BERNANKE INFLATION - Simple dollar dynamics rears its ugly head

'Tis the season to be jolly, a Christmas season song lyric cajoles, yet all the American public can see is a political system and an economy in complete disarray.

We are treated to an endless menu of Christmas specials on television and, of course, Oprah Winfrey has to weigh in with a fluff piece of an interview that starts off with a contrived impromptu drop by visit with the President and first lady for a chat. In the interview, Barack Obama could not resist the temptation to answer a question about the "grade" he would deserve for the performance of the first eleven months of his time as President of the United States. Most good politicians would beg off answering the question ... but not this Oscar and Nobel awarded political radical. Nope, he had to give himself a B+ ... and went on to say that if he is able to sign a bill (any bill) that addresses health care, he would figure that an A- would be the better and appropriate grade.

Today, the Federal Reserve chairman, Ben Bernanke was tapped to be on the cover of TIME Magazine as the "Person Of The Year" stating that the economy would be much, much worse if the Fed had not taken such extreme measures to stop the panic. There's a vast difference between 10% and 25% unemployment, between anemic and negative growth.

This begs the question, however, on ... what happens when the leadership of the Federal Government passes legislation (TARP, two Omnibus, and one Stimulus bill totaling about $4 Trillion plus dollars) that open up the spending of future generations of uncollected tax revenues and places this money into an economy that is not producing goods or services to back up or justify the value of these extra dollar bills in circulation?

Too many dollars chasing the once stable prices on goods and services creates a situation where it takes two dollars to match the value of something that was once valued at one dollar when a stable and consistent money supply dictated this as the cost of the good, service and a living profit. Increase the money supply and prices have to be reset to reflect this simple dynamic.

Welcome to the age of Carter's Second Term ... welcome to the age of INFLATION!

Federal Reserve Chairman Ben S. Bernanke may be running out of room to pump money into the financial markets and cut interest rates to rescue the economy. Image Credit: urbandigs.com

This excerpted and edited from the New York Post -

Economy bubbles up with wholesale inflation
By PAUL THARP, New York Post - Last Updated: 8:52 AM, December 16, 2009

So much for Federal Reserve Chairman Ben Bernanke telling the country not to worry that zero percent interest rates might spark inflation.

Economists' worst fears were realized yesterday when the Labor Department said wholesale prices climbed a surprising 1.8 percent last month -- double what economists had predicted and the second-biggest November jump in a decade, following the stunning 2.7 percent surge two years ago at the start of the housing collapse.

The government report said factories are saddled with sharply rising energy and materials costs, among other growing expenses. The higher costs could be passed on to factory customers and consumers, analysts said.

The Labor Department also said core inflation, which excludes the major consumer purchases of food and energy, posted its sharpest increase in more than a year at 0.5 percent.

The surprise jump means analysts will pay even closer attention to today's government report on consumer prices, which could help determine whether inflation has spiked enough to undermine the economy's slow recovery.
Bernanke, meanwhile, told lawmakers the US economy is still too sluggish with lots of "slack" in factory capacity to support any lasting or serious price hikes.

"The bulk of the evidence indicates that resource slack is now substantial," Bernanke said in a written response to a lawmaker's questions. "I continue to expect slack resources, together with the stability of inflation expectations, to contribute to the maintenance of low inflation in the period ahead."
Some economists believe the Fed will ignore the inflationary red flags.

"The 1.8 percent jump in wholesale prices is a red herring," said economist Paul Dales at Capital Economics. "The Fed is not going to see this as any indication that their actions are triggering higher inflation."
Reference Here>>

We can expect an economy that will end up worse than any experienced during the "progressive-minded" rule of Jimmy Carter.