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Thursday, January 30, 2014

China Is Dependent On Our Fiscal Health

Steve Forbes lays out some interesting points.

Saturday, January 25, 2014

Sacredness Of Life: A Central Focus Of Judeo-Christian Morality

A Compelling Commentary on Abortion

Friday, January 17, 2014

Labor Unions: Icons Of Socialism

“Right-thinking” liberal-progressives turn a blind eye to misdeeds of labor unions, because unions are the very essence of socialism: forcible redistribution of wealth, without any regard whatsoever for the public good.

Public employee unions continue obstinately demanding more, even though what they have already extorted is bankrupting governments at all levels.  Liberal-progressives condone any degree of brutality in the name of implementing Marxian social justice, just as in the 1920s and 1930s they supported the Soviet Union’s mass murders under Lenin and Stalin.  Not to mention the fact that labor unions are among the largest funders of the Democrat-Socialist Party.

Police Pension Battles Start Getting Ugly

Tuesday, January 14, 2014

The Fed’s Quintessential “Trickle Down” Economics

Read Thomas Sowell’s Of All The Left’s Big Lies, ‘Trickle Down’ May Be The Biggest

As Professor Sowell writes, no right-wing economist has ever advocated “trickle down” economics.  But devotees of Keynesian economics, most of whom are left-wing liberal-progressives, heartily endorse the Federal Reserve’s loose-money, quantitative-easing monetary policy. 

The Fed’s quantitative easing is nothing more than “trickle down” economics.  The Fed has lavished stupendous amounts of money on the top 1%, hoping that benefits will trickle down to the average person outside of Wall Street. 

In Keynesian theory, loose monetary policy is designed to raise stock and bond market prices.  It has done this overly well. 

Higher stock prices are supposed to create a “wealth effect” that will trick heavily indebted consumers into believing that they are again rich and accelerate their consumption expenditures.  This, in turn, is supposed to induce manufacturers to ramp up production and rehire the workers laid off in the 2007-2008 Great Recession.

In the real world, however, none of this has worked in accord with Keynesian theory.

For five years the Fed has flooded the banks and other financial institutions with trillions of dollars, all of which initially go to banks and dealers in Treasury and mortgage-backed securities.  Banks, brokers, and speculators have made prodigious fortunes the last few years.

Yet hardly any of this Federal Reserve largesse has yet trickled down to the rest of the country.  Unemployment remains very high; increasing numbers of people are dropping out of the work, because they can’t find jobs.  And the economy still is limping along at the slowest recovery pace in many decades.

 

ObamaCare May Make “Cradle To Grave” A Shorter Trip

How Obama Plans To Dictate To Doctors How They Treat Patients

 

 

Crushing Power of Our Collectivist Political State

Obama is again ignoring the Constitution, specifically the Fifth Amendment which protects individuals’ property rights, as well as the Ninth and Tenth Amendments of the Bill of Rights.

Monday, January 13, 2014

More From The Racist-In-Chief

Attorney General Eric Holder, who has done more than any Federal official in recent memory to exacerbate relations between the black and white communities, is at it again.


John Steele Gordon’s article on the Commentary website details the latest: School Punishment According to Race, not Behavior

While Obama Slept

Just as in England in the 1930s (cf. Winston Churchill and his 1938 While England Slept), we are faced with an implacable array of enemies in the Middle East at at time when Obama is steadily diminishing our nation’s ability to deter them.

For domestic political reasons, British Prime Minister Neville Chamberlain desperately hoped to forestall Hitler’s Continental aggressions by sacrificing Czechoslovakia.  War-weary England, Chamberlain was sure, wanted no new military engagement in Europe.

For domestic political reasons, President Obama desperately endeavors to divert attention away from his administration’s scandals and catastrophic incompetence.  He is prepared to accept a deal with Iran, any deal that sacrifices Israel’s defense capabilities and might superficially appear to forestall nuclear war and/or Iranian domination of the Middle East.

See Peter Wehner’s Ringing a Fire Bell in the Night on the Commentary website.

Ungrateful Public Fail To Heed Obama’s Guidance

Read George Will’s For Liberals, Gestures Mean More Than Market Reality

 

Sunday, January 12, 2014

Making Wrong Appear Right

New Fed Chair Starts With– What Else?–A Forecast