“The one missing element in the news stories just put up in respect of the quantitative easing by the Federal Reserve is the comment issued by the one of the individuals who sits directly above Chairman Bernanke in the constitutional pecking order. This is the chairman of the House subcommittee on domestic monetary policy, Ron Paul. He’s none too pleased with the direction in which the Fed is going. “The Fed’s only solution for every problem is to print more money and provide more liquidity,” Dr. Paul said in a statement today. “Mr. Bernanke and Fed governors appear not to understand that our current economic malaise resulted directly because of the excessive credit the Fed already pumped into the system.” “
Tag Archive: NY Sun
“A Dagger in Jerusalem “
“What an illuminating moment on CBS This Morning, as Senator Schumer puts a dagger through the heart (to use his favorite expression) of Jerusalem. He is being interviewed on the decision of the Democratic Party to remove from its platform this year language it had four years ago asserting that Jerusalem is and will remain the capital of Israel. He is asked why the step was taken. Mr. Schumer dodges the question by asserting that “everyone knows” the “vast, overwhelming majority” of Democrats are for Jerusalem being the undivided capital of Israel. He calls it a “tempest in a teapot.” He then confesses he doesn’t know why it’s no longer in the party platform.”
He does indeed know why . it’s because the extreme left wing of the party has been taken over by anti-semites and the extreme left wing is calling the shots thanks to an extreme left wing president .
“Charlie Rose doesn’t let him off, asking him several times what is the president’s position. Mr. Schumer tries another dodge, saying the president is for a “very, very strong” Israel. But what is the president’s position on Jerusalem as the capital? persists Mr. Rose. Mr. Schumer tries to get Mr. Rose to believe that Mr. Schumer doesn’t know the president’s position. Mr. Rose will have none of it. “You know what his position is, don’t you,” he says. “No, I don’t,” Mr. Schumer claims. “You don’t know?” Mr. Rose asks in disbelief. “You’ve never asked him to support Jerusalem as the capital of Israel?” Says Mr. Schumer: “I’ve always assumed . . . “ Mr. Rose is still voicing incredulity at the end of the clip.”
As a Jew Chuck Schumer should be ashamed of himself . As Jews in general should be ashamed of the totally unwarranted support they offer the party of hatred and devisiveness .
NY Sun on Paul Ryan’s worthiness to be an Ayn Rand disciple .
” Let us savor the irony of the New York Times complaining that Paul Ryan is an unworthy disciple of Ayn Rand. The irony was on display yesterday on the paper’s op-ed page, which ran out a column headlined “Atlas Spurned.” It’s by a history professor, Jennifer Burns, who reckons that Mr. Ryan has betrayed the ideas of the author of “Atlas Shrugged” by believing in God and a strong defense in the war against terror. “As a woman in a man’s world, a Jewish atheist in a country dominated by Christianity and a refugee from a totalitarian state, Rand knew it was not enough to promote individual freedom in the economic realm alone,” writes Professor Burns. “If Mr. Ryan becomes the next vice president, it wouldn’t be her dream come true, but her nightmare.”
This is almost touching. It’s probably the first time the Gray Lady has put the creator of John Galt up as a model to be emulated. When “Atlas Shrugged” was published in 1957, the Times ran out a review by Granville Hicks that complained the novel “howls in the reader’s ear” and asserted: “Loudly as Miss Rand proclaims her love of life, it seems clear that the book is written out of hate. … Perhaps most of us have moments when we feel that it might be a good idea if the whole human race, except for us and the few nice people we know, were wiped out; but one wonders about a person who sustains such a mood through the writing of 1,168 pages and some fourteen years of work.”*”
U.S. Now Facing Difficulties Dissenting Should Israel Strike A-Bomb Program at Iran
” The recent visits of Republican presidential candidate W. M. Romney (I am still having a problem calling a possible president Mitt; Millard Fillmore almost creates a precedent for Willard M. Romney) and defense secretary Leon Panetta to the Middle East have raised to a height of attention the perennial problem of a nuclear Iran. Mr. Romney made it clear he would support Israel if it attacked the Iranian nuclear program, and Panetta confirmed that military interdiction of the program remained an option. The widely respected former head of the Israeli secret security agency Mossad, Efraim Halevy, last week said that the Iranians have reason to be fearful of what could happen in the next twelve weeks, i.e., in the run-up to the U.S. election.”
His Honor the Nanny just can’t resist pitching for the gun grabbers no matter the venue or circumstances . Tasteless and vulgar .
” The mayor’s hysteria on this issue is pushing him into a territory where, if he goes much further, his integrity is going to be questioned. Yesterday he claimed his campaign was not about gun control but about crime control. Yet he keeps talking about illegal guns. To the Constitution, he feigns fealty. “Guns,” he said yesterday, “you have a right to carry by the Second Amendment. The courts have said that municipalities, states, and the federal government have the right to enact reasonable protections to the public.” In fact the Supreme Court has left only a little leeway to the states and municipalities —schools, hospitals, government buildings —and the Mayor doesn’t agree with the court. “
Why we need a new ” Age of Milton Friedman”
“Mr. Moore ends his piece in the Journal by quoting Harvard’s Andrei Shleifer as describing the period from 1980 to 2005 as “The Age of Milton Friedman.” During it we “witnessed remarkable progress of mankind. As the world embraced free-market policies, living standards rose sharply while life expectancy, educational attainment, and democracy improved and absolute poverty declined.” I suppose a question worth asking in this election year is, are we finished with such progress or shall we begin “The Age of Milton Friedman” anew?”
As Conrad Black explains when you have nothing positive to tout you are left with no alternative but to attack your opponent .
” So far, the presidential-election campaign has moderately exceeded even very high expectations of banality and nastiness. It is like a three-legged race between the head of a failed administration (except in continuing to combat terrorism), who is smearing his opponent because the president can’t run on his record; “
As this NY Sun editorial makes abundantly clear , the Fed doesn’t work for us , the people , it works for the government and the banks .
” We’ve often thought of that harbinger in the context of the current crisis over the fiat dollar, but it was all brought together in column by Judy Shelton in today’s Wall Street Journal. She notes that many in America “fear that our nation is going the way of Europe —becoming more socialist and redistributionist as government grows ever larger.” But, she warns, “the most disturbing trend may not be the fiscal enlargement of government through excessive spending, but rather the elevated role of monetary policy.” She’s referring to the way the Federal Reserve, as she puts it, “uses its enormous influence over banking and financial institutions to channel funds back to government instead of directing them toward productive economic activity.” “
Lawrence Kudlow interviews Alan Greenspan and they contrast the Reagan recovery with Obama’s …er … r
ecoverystagnation .” Now contrast President Reagan’s performance with President Obama’s recent attack on business. Instead of exhorting entrepreneurship, Mr. Obama demonized it. Here’s the money quote: “If you’ve got a business, you didn’t build that. Somebody else made that happen.”
That’s a put down to business recovery, not an exhortation. Reagan praised entrepreneurs into recovery. Why must Obama trash them into recession?
Great innovators like Thomas Alva Edison, Henry Ford, and Andrew Carnegie didn’t rely on government. There was hardly any of it in those days. More recently, Steve Jobs, Bill Gates, and Larry Ellison used genius to put brand-new ideas into production.
Then you’ve got a whole smaller class of entrepreneurs: The electricians, bakers, clothing designers, and financial planners. They don’t depend on government. It’s always been a question of the American genius of entrepreneurship that makes the country run. And that’s optimism. It’s not name-calling or negativism. But it is the reliance on government under Obama that has undermined the morale of our economy.
In an interview this week,Treasury Secretary Geithner said the problem with the economy is insufficient government spending. But I would argue that government spending is the problem . ”
This statement by Tim “Turbotax” Geitner ably demonstrate the cluelessness that reigns supreme in this administration ..
New York Sun on the usual blame bandwagon that follows evilness in America and the average citizen’s higher sense of reason .
” Details of this crime were still coming over the wires when statements and editorials started calling for the weakening of the Bill of Rights. Some want to impose new ratings codes, or worse, to deal with Hollywood’s penchant for violence and gore. Others are blaming the violence on the separation of church and state that has permitted the rise of a strong streak of secularism in America. Still others are reacting to the killings at Aurora with calls to weaken the Second Amendment, which protects the right to keep and bear arms. Mayor Bloomberg and the Times jumped right in on this. The Daily News actually asserted that, because President Obama and Governor Romney have shown some deference to the Second Amendment, they were standing at the killer’s side “as he sprayed bullets and buckshot into a crowded movie theater”
Ira Stoll offers a very informative dose of truth to help decypher Obama’s standard campaign , misrepresentations , pbsfucations , deceptions , half-truths and bald-faced lies .
” Really understanding President Obama’s governing philosophy and agenda doesn’t require a whole fleet of investigative reporters or opposition researchers. All you have to do is take a reasonably careful look at his campaign stump speech, a collection of half-truths, misrepresentations, and distortions that are ultimately disrespectful of the American people. ”
He closes with these words of wisdom ….
“Politicians are entitled to a certain amount of shading of the truth as a kind of professional privilege. The voters discount for it. But challenges from the press corps or from the Romney campaign would help the electorate better understand how Mr. Obama’s stump speech is full of stretchers,even by the expansive standards of American politics. “
The New York Sun has a fine editorial today on why we should all rejoice at the repudiation of the 5 year , multi-million dollar waste of taxpayer funds that was the Roger Clemens witchhunt .
It’s always nice to see the Justice Dept receive a black eye but it is especially sweet today given the politicization of Holder’s JD .
” The acquittal yesterday of Roger Clemens of all charges that he had lied to Congress and tried to obstruct an investigation into whether he used steroids is a moment to savor for those who maintain a decent respect for the Constitution. It’s just not every day that an ordinary citizen throws a no-hitter in the courtroom against batters as powerful as the combined might of the Congress and the Department of Justice. The government’s five-years-long pursuit of the great hurler was ended by a jury in just a few hours. The prosecutors, according to the Associated Press, slinked away from the courthouse without comment, and the Justice Department put out a statement claiming, “we respect the judicial process.”
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