Saturday, April 30, 2011

Barack Obama Is Jimmy Carter

Let's see now. An allied Middle Eastern country handed over to Muslim fundamentalists - check. Silver at $50 per ounce - check. And now, stagflation. Checkmate. All that's missing is the killer rabbit.
“Look, what is stagflation?” Kudlow said. “It means the inflation rate is rising much faster than the economic growth rate. And a lot of people conventional economists say that can’t be. Strong growth causes inflation, not weak growth. But, in the 1970s, we had weak growth, high unemployment, and double-digit inflation. Why is this? Why are the conventional thinkers wrong? Because inflation is not caused by too many people working or growth that’s too strong – inflation is a monetary problem, when the Fed prints too much money, money that people don’t want, when they want bad money. You want to see some bad money? There is the U.S. dollar index going back about a year. It is down 17 percent. The dollar has actually been falling for quite some time, but I’m just saying the Fed is creating more money than anybody knows what to do with. And that excess money creation is working through the falling dollar, as illustrated by soaring gold and soaring commodities and soaring oil and soaring silver. All that is starting to work itself into the prices of goods and services and, guess what – bad money, a bad dollar, the Bernanke buck, as I’m taking of calling it, is causing higher inflation even while the economy is slowing down. And it’s a nasty witch’s brew. It troubles me despite the good corporate profits.”

Is Susan Rice Delusional?

This is one of those stories that doesn't pass the sanity test.
One of America's most senior diplomats claimed at the United Nations security council that Muammar Gaddafi is supplying his troops with Viagra to encourage mass rape, according to diplomats.

Susan Rice, the US ambassador to the UN made the claim while accusing Gaddafi of numerous human rights abuses. Earlier in the week Rice also claimed, without offering any evidence, that Iran is helping Syria suppress internal dissent.

Foreign affairs specialists expressed scepticism about both claims.
The Iran/Syrian story passes the plausibility test, but on the Viagra story, count me among the skeptics.

Team Obama Caught Lying

In a pants-on-fire moment, the White House press office today denied anyone there had issued threats to remove Carla Marinucci and possibly other Hearst reporters from the press pool covering the President in the Bay Area.
Chronicle editor Ward Bushee called the press office on its fib: Sadly, we expected the White House to respond in this manner based on our experiences yesterday. It is not a truthful response. It follows a day of off-the-record exchanges with key people in the White House communications office who told us they would remove our reporter, then threatened retaliation to Chronicle and Hearst reporters if we reported on the ban, and then recanted to say our reporter might not be removed after all.

The Chronicle's report is accurate.

If the White House has indeed decided not to ban our reporter, we would like an on-the-record notice that she will remain the San Francisco print pool reporter.

I was on some of those calls and can confirm Ward's statement.

Messy ball now firmly in White House court.
The problem here is not that the Chronicle reporter used a Flip camera. The problem is that she filmed protestors. It is considered the news media's responsibility to airbrush protestors out of existence

Read more:

Dreams Of Obama's Father

He was dismissed from Harvard without earning his doctorate, in part because: “Obama is considered by [redacted] to be a slippery character.’’
Harvard asked the INS to hold up on Obama’s routine request for an extension of his stay, according to a June memo signed by immigration inspector M.F.McKeon. School administrators, the memo continued, “were having difficulty with his financial arrangements and couldn’t seem to figure out how many wives he had...’’
In April 1961, McCabe called immigration officials and expressed concern that Obama had recently married a young woman named Stanley Ann Dunham — who would become president Obama’s mother. She was concerned because Obama already had a wife back in Kenya, according to a memo written by Lyle H. Dahling, an administrator in INS’s Honolulu office. What’s more, McCabe told the INS office that Obama, “has been running around with several girls since he first arrived here and last summer she cautioned him about his playboy ways. [Obama] replied that he would ‘try’ to stay away from the girls,’’ according to the memo.
And in the end, the dog ate his dissertation.

What Will MSNBC And CNN Talk About Now?

Hillary's Crypto-Muslim Photo
Shortly before boarding Air Force One for a $190,000 per hour flight to an appearance on the Oprah Winfrey show in Chicago, Barack Obama released his birth certificate. He claimed that dealing with doubts about his eligibility for the office he now holds was wasting too much valuable time that he could better spend reducing the deficit.

You can stop laughing now.

Who knows why he chose to release the innocuous document Wednesday? It’s been nearly 3 years since Hillary Clinton’s presidential campaign first raised doubts about Obama’s origins while also circulated pictures suggesting that he was a crypto-Muslim. Hillary’s desperate operatives circulated an e-mail explaining that, “Barack Obama’s mother was living in Kenya with his Arab-African father late in her pregnancy. She was not allowed to travel by plane then, so Barack Obama was born there and his mother then took him to Hawaii to register his birth.”

Nevertheless, it was Republicans whom the media ultimately tarred with the conspiracy.

Perhaps Obama wanted to spoil the release of right wing gadfly Jerome Corsi’s book, “Where’s the Birth Certificate?” Whatever the reason, it will hopefully put an end to the mainstream news media’s efforts to keep this issue alive and use it to smear conservatism.

Surely you remember all the news media stories five years ago about the challenges that Democratic leaders had to overcome when so many of their voters believed that George Bush was complicit in the 9/11 terrorist attack?

Neither do I.

That’s because there were no such stories. In fact, the only time I ever heard any mention of it in the news media was when former presidential frontrunner and Democratic National Committee chairman Howard Dean answered an interviewer’s question on the subject by stating that he thought that it was a legitimate line of inquiry. After that, the media smothered the story.

But the fact is that a 2006 survey of registered Democrats found that a majority considered the possibility that the sitting president of the United States conspired with Al Qaida against the United States was at least “somewhat likely,” with nearly a quarter of the Democratic Party believing that it was “very likely.”

That’s right! And you probably heard it here first. Fully 51% of self-identified Democrats believed that George Bush conspired to kill thousands of Americans just so that he could start a war. It was an outrageous conspiracy theory that, in its grotesqueness, far exceeded any so-called birther conspiracy theory.

But that fact that half of a major political party’s rank and file and its national chairman believed that it was at least possible did not rise to the level of news coverage that the birther conspiracy gained.

Barack Obama even appointed an adherent to trutherism as one of his czars and nobody thought anything of it until Glenn Beck exposed him.

 Contrast the truther coverage with last Saturday’s Lewiston Tribune story which had the headline declaring that, “Birther claims present a challenge for GOP.”

The biggest challenge GOP leaders faced was that the media were using this silliness to paint Republicans as a party of extremist lunatics in order to scare off moderates. Ever since the effort to paint the Tea Party as violent racists failed, the media have been searching for another narrative to use against conservatism and settled on the birther issue.

Meet the Press host David Gregory gave the game away early. Shortly after winning the 2010 election, one Republican House leader after another was called into Gregory’s Star Chamber. Gregory demanded of each that he prove his fitness for leadership by condemning a list of accusations against Obama, including the birther conspiracy.

This contrasts dramatically with how the truther conspiracies were treated. After Howard Dean’s embarrassing performance, no Democrat was ever asked to distance himself from the truthers, probably for fear that, like Howard Dean, they might embrace the kooks.

As for why Obama chose to come clean now, I have my own theory. It’s easier to come up with a birth certificate than circumcision records. The State Department’s new passport application requires applicants without birth certificates to record every address they’ve ever lived at, every job they’ve ever held, and produce all that information and more within a 45 minute window. And, you’d better have your circumcision records. They want that too. As much as Obama likes international vacations, he’ll want to keep his birth certificate handy for passport applications.

Friday, April 29, 2011

Barack Obama Politicizes Disaster Relief

Texas Governor Rick Perry criticized the Obama administration on Thursday for not responding to a request for a disaster aid for the parched state, where wildfires have scorched nearly 2 million acres.

"You have to ask, 'Why are you taking care of Alabama and other states?' I know our letter didn't get lost in the mail," Perry, a Republican and frequent critic of the federal government, said after addressing a Texas emergency management conference.

President Barack Obama declared a state of emergency for Alabama, where storms -- including a tornado that ravaged Tuscaloosa on Wednesday -- killed nearly 200 people this week.

Sending All Of Your Money To Sheikhs And Dictators...

Leaves less to spend and home. And, it's hurting the economy.
Wal-Mart's core shoppers are running out of money much faster than a year ago due to rising gasoline prices, and the retail giant is worried, CEO Mike Duke said Wednesday.

"We're seeing core consumers under a lot of pressure," Duke said at an event in New York. "There's no doubt that rising fuel prices are having an impact."

Now That The Birth Certificate Thing Is Cleared Up...

We can focus on Obama's real lies.
In his memoir Dreams from My Father, Obama says, "In fact, how and when the marriage occurred remains a bit murky, a bill of particulars that I've never quite had the courage to explore."

No family or friend attended a wedding.  In fact, no one in Obama Sr.'s clique seemed to know there was a relationship, let alone a wedding.  Clique member Pake Zane could not recall Ann at all.

When current Hawaii governor Neil Abercrombie and Zane visited their friend in Nairobi in 1968, Barack Sr. shocked them by never once inquiring about his presumed wife and 6-year-old son.

The facts get more problematic still.  After the birth of baby Barry in August 1961, Ann left for Seattle as soon as the doctors cleared her to travel. Once there, she enrolled at the University of Washington, not Washington Sate.  Barack Sr. stayed behind in Hawaii.

The apolitical Washington state historical blog, HistoryLink, now confirms Ann's presence in the fall of 1961, identifies her Capitol Hill apartment in Seattle, names the courses she took, and documents an extended stay by Ann and little Barry into the summer of 1962.

If that is not proof enough, the 1961-1962 Polk Directory confirms an "Obama Anna Mrs studt" at the Capitol Hill address.

Somehow, this information escaped Obama's official campaign biography, Dreams, and four book-length biographies I consulted when researching my book Deconstructing Obama.  Remnick's 2010 biography, The Bridge, concedes Ann's escape to Seattle but fudges the dates. 

Even Janny Scott, the New York Times reporter who wrote the new biography, A Singular Woman: The Untold Story of Barack Obama's Mother, plays with the timeline.  Ann Dunham promptly became pregnant, Scott writes in a New York Times excerpt, "dropped out of school, married him and gave birth shortly before their union ended."  No, based on these documents, the union, if there was one, ended before Obama was born.

By the time mom and son returned to Hawaii in the summer of 1962, Barack Sr. had long since left for Harvard.  There was no Obama family, never was, no "abiding faith in the possibilities of this nation" save on the teleprompters at the 2004 convention.

Thursday, April 28, 2011

Bernancke Considers Quantitative Easy 3

Because the first two worked so well I suppose. This is getting to be like the Scary Movie franchise.
With a subtle wave of his baton, the aspiring Maestro may have started the music for another round of Federal Reserve monetary easing.

Ben Bernanke, chairman of the US central bank and keeper of the keys to stock market money flows, oversaw a tweaking of wording in the Fed’s post-meeting statement that had trading floors buzzing. 

The statement, which preceded the chairman’s first-ever news conference following a Fed Open Markets Committee meeting, simply stated that the group will “ regularly review the size and composition of its securities holdings in light of incoming information and is prepared to adjust those holdings as needed to best foster maximum employment and price stability.” 

The change in wording was subtle, but for the market it was shorthand (or perhaps longhand, considering the chairman’s traditionally opaque language) that another round of quantitative easing—QE3 in market parlance—was on the way. 
This morning's crappy economic news shows just how well QE 1 and 2 worked. Feeble growth and terrible inflation, especially if measured historically.
Inflation is still calculated using a "market basket" to determine prices. But since 1980, other factors have been added to reflect a changing economy.

Still, it might be useful to measure today's rate of inflation using 1979 methods. CNBC's Fast Money gives us the bad news:
Inflation, using the reporting methodologies in place before 1980, hit an annual rate of 9.6 percent in February, according to the Shadow Government Statistics newsletter.

Democrats To Blame Boehner For Oil Prices?

They must think Americans are really dumb.