Transitory Inflation?

“Transitory” is not a term that is embraced by any other Central Bank":  "Unfortunately, of the three Central Banks mentioned above, the Fed is the least anxious to reverse its near 3-year, 0% interest rate regime. Consequently, there is little reason to expect the US dollar to appreciate against the euro, C-dollar and Brazilian real over the balance of the summer.

In terms of owning inflation protected securities (TIPS), we find that at current price levels they offer absolutely NO protection against further increases in the US inflation rate. Rather, we believe that you should (at this point) own real assets such as commodities..."

Using Slavery to Trash the Founders

Walter E. Williams: slavery to trash the founders: "Northern delegates to the 1787 Constitutional Convention and those opposed to slavery wished to count only free people of each state for the purpose of representation in the House of Representatives and the Electoral College. Southerners wanted to count slaves just as any other person. By counting slaves, who didn't have a right to vote, slave states would have had greater representation in the House and the Electoral College. If slaveholding states could not have counted slaves, the Constitution would not have been ratified and there would not be a union. The compromise was for slaves to be counted as three-fifths of a person in deciding representation in the House and Electoral College. The compromise reduced the power of slave states relative to the South's original proposal but increased it over the North's original proposal."

How Can The Fed Be So Clueless?

How Can The Fed Be So Clueless? - Investors.com

A First Step To Sound Money

A First Step To Sound Money

Virginia AG to sue FCC over 'net neutrality’

Virginia AG to sue FCC over 'net neutrality’ - Washington Times

A New Paradigm for the Left

David Limbaugh: "It's one thing to argue that those who earn more should pay a higher percentage of their earnings in income tax. But it's a completely different idea to suggest that the government should use the tax code and other legislative schemes not just to ensure sufficient revenues to operate the government, but to more equitably distribute people's remaining income -- or, possibly, assets.

This is not just a matter of semantics. In this new paradigm, some contend that irrespective of the government's operating needs, it has a moral right -- and a duty -- to proactively intervene to redistribute income.

I observe this latter attitude with increasing frequency. It's not just President Obama indicting corporations and 'obscene profits' by saying that the wealthy should spread the wealth around and that at some point, people have made enough money."

ObamaCare's Unsavory East German Links

Editorial: ObamaCare's Unsavory East German Links - Investors.com: "In reality, it's a Stasi-like move to identify 'hoarders' of medical services, much as East Germany domestic spies known as Stasi did to producers and service providers under communism.

It also amounts to a de facto effort to intimidate doctors into accepting Medicare and Medicaid patients at artificially low rates so as not to attract government scrutiny. The snoops, after all, will know which doctors aren't seeing Medicare patients, and the HHS claim that nobody is being targeted is only true until it isn't.

'This out-of-control bureaucracy apparently isn't satisfied with just writing hundreds of new regulations needed to enforce ObamaCare,' Sen. Rand Paul, R-Ky., an M.D. who has spoken out for doctors in the past, said in an email to IBD.

'They've taken to wasting taxpayer dollars harassing doctor's offices and impeding productivity. One can only assume this Big Brother tactic is part of a larger plan to force doctors to accept government insurance, whether they like it or not,' he said."

The Deficit Is Worse Than We Think

Lawrence B. Lindsey: The Deficit Is Worse Than We Think - WSJ.com: "The second reason for concern is that official growth forecasts are much higher than what the academic consensus believes we should expect after a financial crisis. That consensus holds that economies tend to return to trend growth of about 2.5%, without ever recapturing what was lost in the downturn.

But the president's budget of February 2011 projects economic growth of 4% in 2012, 4.5% in 2013, and 4.2% in 2014. That budget also estimates that the 10-year budget cost of missing the growth estimate by just one point for one year is $750 billion. So, if we just grow at trend those three years, we will miss the president's forecast by a cumulative 5.2 percentage points and—using the numbers provided in his budget—incur additional debt of $4 trillion. That is the equivalent of all of the 10-year savings in Congressman Paul Ryan's budget, passed by the House in April, or in the Bowles-Simpson budget plan."

Why the GOP Shouldn't Go Wobbly on Taxes

Why the GOP Shouldn't Go Wobbly on Taxes | Reuters.com: "The last thing the economy needs is a tax hike. If the economy was too weak to absorb a tax hike last December – when the White House and Congress agreed to extend all the Bush tax cuts for two more years – its health is even worse today. The economy grew at just a 1.9 percent pace in the first quarter, and many economists now think it might grow just 2.0 percent in the second quarter – or even less. This should be a red flag to Washington. New research from the Federal Reserve finds that that since 1947, when two-quarter annualized real GDP growth falls below 2 percent, recession follows within a year 48 percent of the time. (And when year-over-year real GDP growth falls below 2 percent, recession follows within a year 70 percent of the time.)"

Michele Bachmann Is No Joke

Michele Bachmann for President 2012: Tea Party Favorite Is No Joke - The Daily Beast: "She’s not my kind of candidate. And no one I know supports her. But I know enough to know I shouldn’t judge American voters and candidates by my own distorted circle. She is a rock star with the Tea Party set and social conservatives. And I also know enough to know that Michele Bachmann has been underestimated and treated unfairly by the mainstream press."

Five Reasons Why I Believe Texas Governor Rick Perry Will Be Our President In 2013

Five Reasons Why I Believe Texas Governor Rick Perry Will Be Our President In 2013 - FoxNews.com: "Current Texas Governor Rick Perry will, in all likelihood, be president of the United States in January of 2013.

Having already made that bold statement in the electronic media during appearances on Fox News and on the nationally syndicated Mancow Radio Experience, now it's time for to put down in 'print' why I believe Perry will be our next president.

I did the same thing in December 2006. I was the first political commentator to predict that Barack Obama would be the next president, and I said that would be especially true if John McCain were his opponent. "

Bachmann Catches Romney in Iowa, in Virtual Dead Heat

Iowa Poll: Romney, Bachmann in lead; Cain third; others find little traction | Iowa Caucuses: "Former Massachusetts Gov. Mitt Romney and Minnesota congresswoman Michele Bachmann sit atop the standings in the year’s first Des Moines Register Iowa Poll on the Republican presidential field.

Romney, the national front-runner and a familiar face in Iowa after his 2008 presidential run, attracts support from 23 percent of likely Republican caucus-goers. Bachmann, who will officially kick off her campaign in Iowa on Monday, nearly matches him, with 22 percent.

“She’s up there as a real competitor and a real contender,” said Republican pollster Randy Gutermuth, who is unaffiliated with any of the presidential candidates. “This would indicate that she’s going to be a real player in Iowa.”

Former Godfather’s CEO Herman Cain, who has never held public office but has found a following among tea party supporters, comes in third, with 10 percent."

Huntsman Tries McCain Model, But He's no John McCain

Huntsman tries McCain model, but he's no John McCain | Byron York | Washington Examiner: "Why are so many conservatives wary of Jon Huntsman? Certainly the former Utah governor's positions on issues like cap and trade and civil unions trouble conservatives of both the economic and social variety. But there are other candidates, like front-runner Mitt Romney, whose positions also cause conservatives grumbling. So why does Huntsman stand out?

One answer is the company he keeps. Despite his solidly conservative views on many issues, Huntsman has gathered a group of advisers and supporters from the moderate-to-liberal side of the GOP spectrum and has received largely favorable treatment in the political press. Many conservatives look at that and say: There must be something wrong."

Rand Paul to TSA Chief: 'You're Clueless'

Senator Rand Paul to TSA Chief, John Pistole: 

"You’re missing the boat on terrorism because you’re doing these invasive searches on six-year old girls. Same week that this happened I got a call from another neighbor of mine in Bowling Green, a little boy had a broken foot and crutches. They didn’t want to go through all the screenings, so they took the crutches off and the cast and he wanted to hobble through on his broken foot. His dad was helping him. TSA said “back away, back away.” Then he had to go through the special search because he previously had a cast on, even though the cast went through the belt. When the dad comes close they say “back away, back away.” “If you don’t back away you won’t fly.” This kind of gets back to this whole idea of what are willing to do, what are we willing to give up as a country. In your interview with ABC News, you said “I see flying as a privilege.” There are those of us who see otherwise. The Supreme Court concluded in Saenz vs. Roe in 1999 says that although the word travel is not found in the text in the constitution, yet the constitutional right to travel from one state to another is firmly embedded in our jurisprudence. Justice Stewart went on to say in Shapiro vs. Thompson that the right to travel is so important that it is assertable against private interference as well as governmental action. A virtually unconditional constitutional right guaranteed by the Constitution to us all. This isn’t to say we don’t believe in safety procedures. But I think I feel less safe when you’re doing these invasive exams on a six-year old."

"It makes me think you’re clueless, if you think she’s going to attack our country and you’re not doing your research on the people who want to attack our country. It absolutely must involve a risk assessment of those who are traveling. And the fact that she’s being patted down and I don’t feel comfortable really with your response that we are no longer doing random pat-downs. I think you ought to get rid of the random pat-downs. The American public is unhappy with them, they’re unhappy with the invasiveness of them. The Internet is full of jokes about the invasiveness of the pat-down searches and we ought to just consider, is this what we’re willing to do. The other thing is while we’re doing that there are examples of where we’ve had let-downs. When Faisal Shahzad got on the plane, the alleged Times Square bomber, he was on a watch list. Everybody said, “it was the airline that let us down.” Well he had to go through TSA screening. There were 10 hours, we ought to be able to react. Is the TSA looking at flight manifests? Doing background research of people getting on and off the planes? Are we targeting or looking at those who might attack us?"

CBO Report Shows Debt Would Be Unsustainable Even With Clinton-era Tax Rates

CBO report shows debt would be unsustainable even with Clinton-era tax revenue | Philip Klein | Washington Examiner: "Earlier, Conn Carroll posted a chart from the Congressional Budget Office that clearly shows spending, not insufficient tax revenue, is the driver of our long-term debt problems. But using CBO data, we can go a bit further. It turns out that even if we brought tax revenues back to the historically high levels that existed at the end of the Clinton era, we'd still wind up with unsustainable deficits using the White House's own definition of 'sustainable.'"

How free trade deals create U.S. jobs

How free trade deals create U.S. jobs: Fortune: "If 95% of consumers are located overseas, common sense says the only real path to economic growth is by opening new markets to our businesses. Currently only 1% of U.S. companies export, according to the Department of Commerce, and these three trade agreements represent a huge opportunity to grow that number and create jobs. That's why it is so mystifying that our government leaders would delay action on pending free trade agreements over political wrangling on both sides.

Unfortunately, recent surveys show that many Americans are against free trade agreements because they believe such policies steal jobs and make us less competitive. That belief could not be further from the truth. Trade agreements actually allow American companies to export by breaking down barriers and eliminating unfair taxes."

Speechworld vs. Realworld

Speechworld vs. Realworld - Mark Steyn - National Review Online: "The Democrats seem to have given up on budgets. Hey, who can blame them? They’ve got a ballpark figure: Let’s raise $2 trillion in revenue every year, and then spend $4 trillion. That seems to work pretty well, so why get hung up on a lot of fine print?"

PICTURE OF THE DAY

Time to Ax Federal Jobs Programs

Normally, water-carrying progressive/liberals, Politico with a great article:

Time to ax federal jobs programs - Chris Edwards and Daniel Murphy - POLITICO.com: "With the nation’s unemployment rate still above 9 percent and a steady stream of worrisome labor news (the latest statistic: 429,000 new unemployment claims last week), federal policymakers are facing pressure to do something about joblessness. The giant 2009 stimulus bill was supposed to cut unemployment to less than 7 percent by now — but that clearly hasn’t worked as planned.

Some policymakers are now looking at expanding job training and other federal employment programs. Even conservative House Budget Committee Chairman Paul Ryan (R-Wis.) proposed to “strengthen” these programs in his recent fiscal plan. Alas, the history of waste and failure in these programs argues for termination, not expansion."

How Big Gov't Strangles Job Creators

How Big Gov't Strangles The Job Creators - Investors.com: "The secretary of the Treasury says taxes must be raised on small business so the federal government can stay big. With that breathtaking statement, he helpfully mapped out the key difference between the parties.


While testifying Wednesday before the House Small Business Committee, Timothy Geithner told Rep. Renee Ellmers, R-N.C., that hiking taxes on small businesses is the only 'alternative' that will allow 'a balanced approach to reduce our fiscal deficits.'


'If you don't touch revenues,' Geithner said, 'you have to shrink the overall size of government programs, things like education, to levels that we could not accept as a country.'"

Soros and Liberal Groups Seeking Top Election Posts in Battleground States

Soros and liberal groups seeking top election posts in battleground states - Washington Times: "A small tax-exempt political group with ties to wealthy liberals like billionaire financier George Soros has quietly helped elect 11 reform-minded progressive Democrats as secretaries of state to oversee the election process in battleground states and keep Republican “political operatives from deciding who can vote and how those votes are counted.”

Known as the Secretary of State Project (SOSP), the organization was formed by liberal activists in 2006 to put Democrats in charge of state election offices, where key decisions often are made in close races on which ballots are counted and which are not."

DeMint Warns GOP on Debt Ceiling Increase

DeMint Warns GOP on Debt Ceiling Increase

QUOTE OF THE DAY

"We don't have a precise read on why this slower pace of growth is persisting"  --  Federal Reserve Chairman, Ben Bernanke 


**Do yourself a huge favor and see why he may not have a clue:  Ben Bernanke's Failed Predictions

CBO: Obama Has No Budget Plan. Tells Ryan "We Don't Estimate Speeches"

Amazingly, CBO tells Paul Ryan, when asked by Ryan if they've analysed Obama's budget plan, which the president announced in his April 13th speech to the nation, "We don't estimate speeches.  We need much more specificity."  


I wouldn't hold my breath.  Obama and specificity?  Remember, this is the man who won an election on the vagueness of, "Hope and Change".  

Less Government = More Freedom

New Poll: Rick Perry, Chris Christie Trounce Obama in Head-to-head Race Shows Both Christie, Perry Trounce Romney

Texas Governor Rick Perry

Other polls show a nameless, generic Republican defeating Obama as well.  However, when you insert a real, currently declared candidate, they don't match up as well at all.  It's still very early, but it's a promising sign that Rick Perry trounces Obama in this poll.  Perry is a true constitutional conservative (I've read his book, Fed Up!: Our Fight to Save America from Washington, a must read for any freedom-loving, patriotic American).  

If Christie entered the race, and I don't think he will, his liberal, progressive views on many issues, including man-made global warming and government's roll, would eventually crush him (although his straight, tough talk to the government union zombies is extremely refreshing). 

IBOPE Zogby/Newsmax Poll: Both Christie, Perry Trounce Romney: "Texas Gov. Perry gets 55 percent of the vote when matched against former Massachusetts Gov. Romney, who receives 22 percent, with 23 percent not sure.
“No matter which way you look at this, Romney’s candidacy has holes within the core Republican base,” pollster John Zogby tells Newsmax. “In simple head-to-head matchups against the two non-candidates, he gets drubbed.”"

The NY Times Slimes Clarence Thomas

The Times Slimes Clarence Thomas - Investors.com: "It's yet another salvo in the left's campaign against Thomas that in February saw 74 House Democrats, led by the photogenic former Rep. Weiner, send a letter to Thomas calling on him to sit out deliberations on the Affordable Care Act because of his wife's ties to groups that have called for the repeal of the medical overhaul."

The Missing Entitlement Money

The Missing Entitlement Money - Thomas Sowell - National Review Online: "They want their Social Security and their Medicare to stay the way they are — and their anger is directed against those who want to change the financial arrangements that pay for these benefits.

Their (Seniors) anger should be directed instead against those politicians who were irresponsible enough to set up these costly programs without putting aside enough money to pay for the promises that were made — promises that now cannot be kept, regardless of which political party controls the government."

Tea Party Organizer/Financial Advisor Sues Nebraska Over Business Losses

Tea Party Organizer Sues Over Financial Advisory Business Losses: "A financial advisor and leading organizer of the Nebraska Tea Party has filed suit against the Nebraska Department of Banking and Finance alleging the department sanctioned him because he made a public statement calling President Obama a Communist.

Robert R. Bennie Jr., head of Bob Bennie Wealth Management Inc. in Lincoln, Neb., said he lost $25 million in business after the Banking Department put conditions on his operating license. He was prohibited from doing any advertising or marketing or opening any accounts for new clients for three months from December 2010 to March, he says.

That cost him $6.43 million in lost income and he is suing for that amount, plus attorney’s fees and punitive damages in the U.S. District Court for the District of Nebraska. The Nebraska Attorney General’s Office, which is in charge of the case, declined to comment."

Banks to Payoff TARP with New Gov't Loan

Banks tap fund to repay TARP: "Hundreds of small banks that received US aid after the financial crisis appear to have found a creative way to repay the funds: obtain money from a different government program.Most of the 627 banks"

Snow Falling in Colorado on Last Day of Spring - More 'Global Warming'

Snow Falling in Colorado on Eve of Northern Hemisphere’s Summer Solstice - Bloomberg: "The calendar says summer starts tomorrow in the Northern Hemisphere. The snow falling in the mountains of Colorado tells a different story.

A storm that has prompted a tornado watch across Nebraska and Kansas today also left 2 to 4 inches of snow in the Rocky Mountains, said Joe Ramey, a weather service meteorologist in Grand Junction, Colorado.

“It is unusual,” Ramey said. “Here it is the last day of spring.”"

Texas Light Bulb Bill Would Bypass EPA Ban on 100-watt Incandescent Bulbs

Texas light bulb bill would skirt federal plan: "State lawmakers have passed a bill that allows Texans to skirt federal efforts to promote more efficient light bulbs, which ultimately pushes the swirled, compact fluorescent bulbs over the 100-watt incandescent bulbs many grew up with.

The measure, sent to Gov. Rick Perry for consideration, lets any incandescent light bulb manufactured in Texas - and sold in that state - avoid the authority of the federal government or the repeal of the 2007 energy independence act that starts phasing out some incandescent light bulbs next year.

'Let there be light,' state Rep. George Lavender, R-Texarkana, wrote on Facebook after the bill passed. 'It will allow the continued manufacture and sale of incandescent light bulbs in Texas, even after the federal ban goes into effect. ... It's a good day for Texas.'"

Obama Loosens Immigration Laws

White House Loosens Border Rules for 2012- The Daily Caller: "President Barack Obama’s administration is quietly offering a quasi-amnesty for hundreds of thousands of illegal immigrants, while aiming to win reelection by mobilizing a wave of new Hispanic voters, say supporters of stronger immigration law enforcement.

The new rules were quietly announced Friday with a new memo from top officials at the US Immigration and Customs Enforcement (ICE) agency. The “prosecutorial discretion” memo says officials need not enforce immigration laws if illegal immigrants are enrolled in an education center or if their relatives have volunteered for the US military.

“They’re pushing the [immigration] agents to be even more lax, to go further in not enforcing the law,” said Kris Kobach, Kansas’ secretary of state."

Obama's Welfare State or a Start-Up Nation? Pick One

Allan Meltzer: A Welfare State or a Start-Up Nation? - WSJ.com: "Mr. Obama and his followers claim they want a solution that is 'fair.' Why is it fair to distribute more welfare to today's voters at the expense of their children and grandchildren who will pay for this less productive use of resources? This is the same 'fair' approach that Europeans chose decades ago, and which led to chronic low growth and high unemployment."

Allen West: Obama Has "No Clue, No Plan"

Audio of Congressman Allen West (R-FL) blasting Obama on Laura Ingraham's radio show. While he was at it, West referred to DNC Chair Debbie Wasserman Schultz as, "delusional."

10 Reasons Obama is a One-Term President

10 Reasons Obama is a One-Term President - HUMAN EVENTS

Archie Bunker Isn't Happy with Barack Obama

Exposing Affirmative Action's Demoralizing, and Racist, Results

Exposing Affirmative Action's Demoralizing, and Racist, Results - HUMAN EVENTS: "ExposingLeftists.com arrived on the campus of the University of California, Merced, last May to gather signatures on a petition calling for a redistribution of grade-point averages. Not surprisingly, few star students wanted to share the fruits of their academic labors.

But the logic was liberally sound. Students who worked hard and studied longer than their peers—in the spirit of fairness—should be willing to sacrifice their higher GPAs to benefit those whose grades weren’t so high due to laziness or ineptitude (or both).

Ironically, many of the same A students unwilling to take a B so someone else could be saved from an F, endorsed a progressive tax code that essentially spreads wealth from people who earned it to those who did not."

Obama Blames ATM's for Unemployment

Blame the ATM! - NYPOST.com: "ATMs and airport check-in kiosks are not new, though persistently crushing levels of unemployment are. Moreover, the number of bank tellers actually has grown over recent decades.

And if we should fear machines for stealing jobs, a notion that economists such as Frédéric Bastiat, Joseph Schumpeter and Henry Hazlitt have been debunking for 200 years, Obama should step right up to the implications of his logic and announce his great bill: the De-Automation Full Employment Act.

Goodbye, electric dishwashers: Manual laborers could be doing your work. Goodbye washing machines, hello washerwomen. Think of the explosion in jobs for messengers that will follow when phones are outlawed."

50 States Ranked for Freedom

"Freedom in the 50 States: An Index of Personal and Economic Freedom," is a new study from the Mercatus Center at George Mason University, which takes a comprehensive look at states' public policies that affect individual freedom in economic, social and personal areas. The study is a follow up to the first in 2009.  


To see where your state ranks, including an explanation why each of the fifty states earned their respective ranking, visit the Mercatus Center. 

VIDEO OF RICK PERRY'S SPEECH AT REPUBLICAN LEADERSHIP CONFERENCE BRINGS DOWN THE HOUSE

Texas Governor Rick Perry at the Republican Leadership Conference, June 18, 2011

Texas Governor and potential (lately looking more like, "probable") presidential candidate, Rick Perry at today's Republican Leadership Conference.  I haven't heard true constitutionally conservative principles and policies articulated this clearly and powerfully in quite some time.  In a manner that's very Reaganesque, with a slight, charming Texas drawl, Perry speaks about the nation's problems, all caused by big government, and how Texas has continued to prosper, creating 48% of the nation's jobs in the last two years alone.  

Perry should, and hopefully will enter the presidential race.  With the polls showing that a nameless, generic can defeat Obama, with the actual, real, specific candidates showing very poorly, it makes it imperative that Perry enter the race.  No candidate is perfect, but Perry is the closest so far.  He has the unabashed constitutional principles, the ability to communicate them, along with the credible track record of success in leading one of the largest states, Texas.  

If you haven't read his book, Fed Up!, you need to.   

Hat tip:  The Right Scoop

"Dream Weiner" Song Makes Debut

More audio at MyNorthwest.com

Credit Seattle conservative radio talk-show host, David Bose, who wrote Dream Weiner, sang to the tune of Dream Weaver, inspired by the recent Weinergate scandal and disgraced former Congressman, Anthony Weiner. 

Dream Weiner

"I have just closed my eyes again

Stunned about this man Weiner's brain

Twitter takes are now the story of the day

And show us all he's left behind

O-oh Dream Weiner

I believe that you wear your whites too tight!

O-oh Dream Weiner

I believe you've got something that ain't right!

Fly's undone and those milky thighs

Chest shot looking oh so vain

Crossed the lines of decent fantasy

Press conference it just caused me pain

O-oh Dream Weiner

I believe that you wear your whites too tight!

O-oh Dream Weiner

I believe you've got something that ain't right!

Though the end may come so soon

You still may bide some time

Hide thee away, you're simply looking like a loon

And join the media with time

O-oh Dream Weiner

I believe that you wear your whites too tight!

O-oh Dream Weiner

I believe you've got something that ain't right!

Dream Weiner

Dream Weiner"

Eric Holder, Obama's DOJ Covering Up on Mexican Gun-Running Scandal

Darrell Issa: DOJ Covering Up on Mexican Gun-Running Scandal | CNSnews.com: "Issa pointed to two things he says indicates a Justice Department cover up. First, he cites a letter that Assistant Attorney General Ronald Weich, head of the Justice Department’s office of legislative affairs, sent to Sen. Charles Grassley (R-Iowa), the ranking member of the Senate Judiciary Committee on Feb. 4, 2011. Issa characterizes that letter as a “lie.”

Secondly, Issa says the Justice Department made excessive and unjustifiable redactions in documents it provided to his committee.

Additionally, Issa says he does not believe Attorney General Eric Holder testified accurately in the Judiciary Committee on May 3, when he told Issa (who also serves on that committee) that he had only learned of the gun-running operation—called “Operation Fast and Furious'--a few weeks before that."

Misery Index Worse in 28 Years Under Obama

How Miserable? Index Says the Worst in 28 Years - CNBC:  "When it comes to measuring the combination of unemployment and inflation, it doesn’t get much more miserable than this.

In fact, misery, as measured in the unofficial Misery Index that simply totals the unemployment and inflation rates, is at a 28-year high, reflective of how weak the economic recovery has been and how far there is to go.

The index, first compiled during the soaring inflation days of the 1970s by economist Arthur Okun, is registering a nausea-inducing 12.7—9.1 percent for unemployment and 3.6 percent for annualized inflation—a number not seen since 1983. The index has been above 10 since November 2009 and had been under double-digits from June 1993 through May 2008."

Gene Simmons of KISS: "I Want My Vote Back!"

KISS legend, Gene Simmons, explains on a recent episode of Varney on FOX Business, why he embarrassingly voted for Obama and wants his vote back.  Simmons then expressed his viewpoint that government has developed into being our "Mommy and Daddy", and in regard to the government's financial condition, said, "Greece, here we come!".  

CNN Anchor Questions If Gov't Should Really Be Limited Within Constitutional Powers

CNN Anchor Questions If Gov't Should Really Be Limited Within Constitutional Powers | NewsBusters.org: "CNN's Ali Velshi apparently believes the idea of a federal government limited within Constitutional powers is a little far-fetched. He made his thoughts known in an interview with Rep. Michele Bachmann (R-Minn.) on Tuesday's American Morning, hours after Bachmann declared her candidacy for president during a GOP primary debate."

CNN Anchor Questions If Gov't Should Really Be Limited Within Constitutional Powers

CNN Anchor Questions If Gov't Should Really Be Limited Within Constitutional Powers | NewsBusters.org: "CNN's Ali Velshi apparently believes the idea of a federal government limited within Constitutional powers is a little far-fetched. He made his thoughts known in an interview with Rep. Michele Bachmann (R-Minn.) on Tuesday's American Morning, hours after Bachmann declared her candidacy for president during a GOP primary debate."

Obama Owns the Economy

The Economy Dems Now Own - Investors.com: "'We own the economy,' (Debbie Wasserman Schultz, head of the DNC) Schultz said. 'We own the beginning of the turnaround, and we want to make sure that we continue that pace of recovery, not go back to the policies of the past under the Bush administration that put us in the ditch in the first place.'

That's right, Debbie, you guys own the economy, though you might explain President Obama's chuckle about those shovel-ready jobs not being as shovel-ready as he thought. Does your 'pace of recovery' include an official rate of unemployment of 9.1% after a failed trillion-dollar stimulus was supposed to cap it at 8% and force it downward?

That official rate, based on a monthly survey of sample households, counts only people who reported looking for work in the past four weeks. It doesn't account for part-time workers who want to work more hours but can't, given the tight job market. And it doesn't include those who have given up trying to find work.

When the discouraged and underemployed are added to the mix, that figure is closer to 16.6%."

See also: "Obama Owns the Economy and the Voters Know it", by Larry Kudlow

More Regulations: EPA's Fantasy Solution to Unemployment

More regulations: EPA's fantasy solution to unemployment | Washington Examiner: "Despite the fact the mercury pollution levels have been decreasing worldwide for two decades, the EPA's proposed rule would force power companies to install costly new mercury-scrubbing equipment on existing coal-power plants. The EPA says this will reduce mercury emissions from coal plants by 91 percent. But the EPA's own Regulatory Impact Analysis also concedes that the new regulation will lead to 'new lower levels of consumption as a result of higher market prices.' That is bureaucratese for saying Americans will have a lower standard of living because they will have to pay more for energy.

This is exactly what Obama promised his energy policies would do. In January 2008 he told the San Francisco Chronicle, 'Under my plan of a cap and trade system, electricity rates would necessarily skyrocket. ... Coal power plants, natural gas, whatever the plants were, whatever the industry was, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers.'"