Blog Has Moved, Please Up Date Bookmarks

I have moved this particular blog from here to here.

The site you are on is the old site and will no longer be updated.
I will leave it up for 30 days simply to keep this notice up front.

I know moving is almost the equivalent of starting all over again but I had to do it to eventually create the blog I want.
Wordpress.com just didn’t allow the options I wanted, so it was time to move.
Now I am in full control and can use every available WordPress option as well as design my own lay out.

For those of you who had the old site bookmarked, sorry for the hassle.

Candidate Obama vs. President Obama

The video speaks for itself.

Correction, Obama speaks for himself.

No commentary needed from me.

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What Should Be Done About The Economy – The Opposite Of What Is Currently Being Done. Dr. Doom Speaks Truth

Peter Schiff (AKA – Dr. Doom) a prophet of profit, brings some badly needed reality to the economic discussion.

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Rescue The Democratic PR Machine!

The federal government has come to the rescue of the auto industry, of banks, AIG, and home owners, it’s high damn time the Democratic PR machine was rescued as well!

Associated Press

Struggling newspapers should be allowed to operate as nonprofits similar to public broadcasting stations, Sen. Benjamin Cardin, D-Md., proposed Tuesday.

Cardin introduced a bill that would allow newspapers to choose tax-exempt status. They would no longer be able to make political endorsements, but could report on all issues including political campaigns.

Cardin has dubbed this idiocy the “Newspaper Revitalization Act”.

My first question (which I quickly realized was a stupid question) was why should a dying medium be saved? Newspapers are dying for a reason, the medium has been replaced.

Ever heard of this thingy called the internet?

I realized the question I had asked myself was a stupid question given that the vast majority of print media is a cog in the Democratic PR machine.

The AP story notes that political endorsements would no longer be allowed.

Lets be honest, do newspapers really need to make an actual endorsement for it’s readers to know what person, what legislation that particular newspaper finds preferential?

Will the government force objectivity upon any newspapers which choose to take part in this revitalization act?

Advertising and subscription revenue would be tax exempt, and contributions to support news coverage or operations could be tax deductible.

Imagine Moveon DOT org providing contributions to a newspaper. What do you suppose that papers lean might be? What kind of “news” might they disseminate.

Truth be told, I wouldn’t want the conservative equivalent of Moveon DOT org to contribute to a ‘non-profit’ newspaper either. Of course, there is no such conservative equivalent.

I know it’s the dream of a simpleton, but I’d prefer a newspaper simply report facts. Perhaps, speaking strictly for myself, I’d still read a newspaper from time to time if I knew I could pick one up and be presented facts rather than assaulted by spin and opinion.

Likely not though…

because of this thing called the internet.

Serious consideration should also be given to the dangers of newspapers being fully under the thumb of the federal government. 

Perhaps Cardin already gave that some consideration previous to proposing this legislation.

 

Idiot Boy Arlen Specter Finally Does Something Right

Arlen Specter, Republican senator from Pennsylvania gets one right every so often.

I’m sure his being prepared to cast his vote in the proper way is purely accidental.

Bloomberg

Senator Arlen Specter, a Pennsylvania Republican, said he opposes the “card-check” union organizing measure, dealing a setback to U.S. labor’s top legislative goal.

Specter said that he is likely to be the “decisive vote,” to block the Democratic-backed bill that would make it easier to form unions.

“The problem with the recession makes this a particularly bad time,” Specter said on the Senate floor today. Employers fear the measure “will result in further job losses,” he said.

 

The Over Reaching Arm of the Fed

The fed is seeking to expand its reach and tighten its grip.

For all the talk of fascism during the Bush administration we are seeing actual moves in that direction right now and the word never comes up in the MSM or from those who were supposedly in fear of Bush bringing fascism to America.

I of course do not know that fascism is the Obama administrations desired end but when all the moves against business by this administration are considered, you have to wonder if fascism is not on the way.

This is but one more example of the fed over reaching.

Washington Post

The Obama administration is considering asking Congress to give the Treasury secretary unprecedented powers to initiate the seizure of non-bank financial companies, such as large insurers, investment firms and hedge funds, whose collapse would damage the broader economy, according to an administration document.

The government at present has the authority to seize only banks.

Giving the Treasury secretary authority over a broader range of companies would mark a significant shift from the existing model of financial regulation, which relies on independent agencies that are shielded from the political process. The Treasury secretary, a member of the president’s Cabinet, would exercise the new powers in consultation with the White House, the Federal Reserve and other regulators, according to the document. […]

The government also would assume the authority to seize such firms if they totter toward failure.

I would much prefer, and believe it better for the economy in the long run (consider the finical crisis in the 1920s) if the government would allow failing businesses to fail.

Propping these businesses up does nothing more than delay economic problems and increase the intensity of the pain that will be experienced when the house of cards comes down.

 

Replacing The Dollar – It’s Just A Matter Of Time

The calls to replace the American dollar as the global reserve currency have taken place for sometime, but the voices have been raised from a suggestive whisper to a demanding shout.

It is going to happen, it’s just a matter of time.

NYT

SHANGHAI — In another indication that China is growing increasingly concerned about holding huge dollar reserves, the head of its central bank has called for the eventual creation of a new international currency reserve to replace the dollar. […]

On March 13, China’s prime minister, Wen Jiabao, said he was concerned about the safety of those assets, particularly because huge economic stimulus plans could lead to soaring deficits in the United States, which could sink the dollar’s value.

Should China lose its appetite for Treasuries, the United States’ borrowing costs could rise, making it more costly for Washington to carry out economic stimulus packages and for Americans to pay off their mortgages.

Reuters

LONDON (Reuters) – A push by the world’s leading emerging economies to dislodge the dollar as the dominant global reserve currency appears to be gaining momentum even as a weakening greenback adds further urgency to the discussion.

Moscow Times

The Kremlin published its priorities Monday for an upcoming meeting of the G20, calling for the creation of a supranational reserve currency to be issued by international institutions as part of a reform of the global financial system.

The International Monetary Fund should investigate the possible creation of a new reserve currency, widening the list of reserve currencies or using its already existing Special Drawing Rights, or SDRs, as a "superreserve currency accepted by the whole of the international community," the Kremlin said in a statement issued on its web site. […]

The Kremlin document also called for national banks and international financial institutions to diversify their foreign currency reserves. It said the global financial system should be restructured to prevent future crises and proposed holding an international conference after the G20 summit to adopt conventions on a new global financial structure.