U.S. Set to Reach Another Debt Milestone Under Obama – by Jim Geraghty
The total U.S. public debt will probably hit $15.5 trillion today.On Tuesday, according to the Department of the Treasury, it was $15,499,023,629,682.44, to be precise.
That figure was $10.6 trillion the day Barack Obama took office.
US: Derrick Bell: The Jeremiah Wright Of Harvard – Investors.com
Presidential Vetting: Obama’s
days at Harvard have been shrouded in secrecy. But a new video lifts a
corner of the veil, revealing his creepy embrace of the “Jeremiah Wright
of academia.”It turns out his favorite law professor was the late Derrick Bell, a black radical who taught classes trashing the Constitution as racist.
US: Race-baiting Democrats do nothing for undocumented citizens – by Deroy Murdock
In
order to stymie new and proposed requirements that voters present photo
identification at the polls, top Democrats cry rivers over those who
would become disenfranchised for lack of ID cards. If they really cared
about these people — of whom there may be millions — Democrats would
join Republicans to assure that these individuals received ID cards for
everyday use.US: Iran and Obama – by Thomas Sowell
Those who buy time in the name of expediency seldom get peace in the bargain.What are we to make of President Barack Obama’s latest pronouncements about Iran’s movement toward nuclear bombs? His tough talk might have had some influence on Iran a couple of years ago, when he was instead being kinder and gentler with the world’s leading terrorist-sponsoring nation. Now his tough talk may only influence this year’s election — which may be enough for Obama.
Syria: What Prevents U.S. Military Involvement
Alex Wong/Getty Images
U.S. Central Command Commander Gen. James Mattis
The United States is not eager to launch an air campaign against the Syrian regime that would be similar to the NATO campaign in Libya even though numerous U.S. lawmakers have called for such a campaign. Not only did Libya not have the formidable air defense systems that Russia has provided to Syria, but Syria's rebels have not been able to control large areas of territory. These factors would complicate any air campaign against the al Assad regime, but Washington's reluctance to get involved militarily is based on the fear that it could slip into a much messier conflict than it did in Libya.
Spring Break in Mexico: Travel and Security Risks
Spring Break in Mexico: Travel and Security Risks
Russia: Putin To Appoint Medvedev Prime Minister
NATALIA KOLESNIKOVA/AFP/Getty Images
Russian Prime Minister Vladimir Putin (L) and President Dmitri Medvedev in Moscow on Feb. 23
The premiership's responsibilities and power have shifted over the years. Russia's prime minister oversees the organization of the teams that will address political, economic and security issues and is meant to balance the competing agendas of the Kremlin's political clans.
15 Potentially Massive Threats to the U.S. Economy Over the Next 12 Months. Economic Collapse Blog
We live in
a world that is becoming increasingly unstable, and the potential
for an event that could cause "sudden change" to the U.S. economy
is greater than ever. There are dozens of potentially massive threats
that could easily push the U.S. economy over the edge during the
next 12 months. A war in the Middle East, a financial collapse in
Europe, a major derivatives crisis or a horrific natural disaster
could all change our economic situation very rapidly. Most of the
time I write about the long-term
economic trends that are slowly but surely ripping the U.S.
economy to pieces, but the truth is that just a single really bad
"black
swan event" over the next 12 months could accelerate our economic
problems dramatically. If oil was cut off from the Middle East or
a really bad natural disaster suddenly destroyed a major U.S. city,
the U.S. economy would be thrown into a state of chaos. Considering
how bad the U.S. economy is
currently performing, it would be easy to see how a major "shock
to the system" could push us into the "next Great Depression" very
easily. Let us hope that none of these things actually happen over
the next 12 months, but let us also understand that we live in a
world that has become extremely chaotic and extremely unstable.
How to Ruin Your Economy and Influence People. by Bill Bonner
We can learn
a lot from the Argentines. When it comes to messing up an economy,
they’re Numero Uno. They’re Olympians of financial legerdemain
and masters of the old false shuffle.
In 2001, the
country was deeply in debt. The government was out of money. And
the currency was losing value fast. What did the Argentines do?
First, they
broke their promise to investors and savers, cutting the peso loose
from the dollar. Then, they seized control of banks and bank accounts.
People had been saving money in US dollar accounts in order to avoid
problems with the peso. But the Argentine feds forcibly converted
their accounts to pesos, just as the peso was losing 2/3rds of its
value.
The next thing
was to take the reserves in the central bank and use them to pay
current expenses – which caused the head of the bank to resign
in protest.
Will Ron Paul Invite Mitt Romney To Be His Vice President?. by Allan Stevo
Conservative
Americans DO NOT WANT Mitt Romney. That’s pretty darn obvious. He
spends a fortune trying to convince voters, gets a generous amount
of media time to express his message, and still can’t seem to inspire
the Republican base, even when he’s running against the likes of
crooked party hacks Santorum and Gingrich, or against that other
guy – the Congressman from Texas who seldom gets mentioned in the
media. Against opponents like that, the out-of-touch punditry have
long expected that Super Tuesday 2012 would be the coronation of
Mitt Romney.
How Ron Paul Carried My County … and the man whose selfless work made it possible. by Christopher Manion
Four years
ago and more, I met a neighbor at our farm gate. He was an LRC
regular and wanted to say hello – and to post a big 3’x6’ "Ron
Paul Revolution" sign on our farm fence.
As he drove
up, I smiled at his license plate – "Wrench 1." He got
out the sign, unrolled it, and we talked while we put it up.
"How
long have you been interested in politics," I asked.
"About
two months."
"What
got you hooked?"
"I was
driving to work one morning and saw a sign at the side of the
highway, ‘Google Ron Paul.’ I went home that night and looked
him up."
"I haven’t
sat down since."
That’s how
I met Richard Conrow, a living tribute to the passion for liberty
that God has planted in every man, woman, and child ever born.
While Rockefeller Romney has placed paid campaign staff in virtually
every county in the country – and there are some 3,300 of them
– for the past five years, Ron Paul’s simple appeal to "life,
liberty, and the pursuit of happiness" has inspired countless
lovers of liberty to devote millions of unpaid hours to spread
the word that freedom isn’t dead, and it need not die.
Richard came
back last spring and we went to work again at the farm gate. I
asked him if he’d be so kind as to write down his story – why
a guy who had seldom been interested in politics had suddenly
become an engine of inspiration out here in the Shenandoah Valley.
With his permission, I am quoting here his reply.
Tea Party Knocks off Another GOP Incumbent
by Mike Flynn
For the past several months, the media and the left have continually heralded the "death" of the tea party movement. With a sparkle in their eye and a barely concealed hint of glee, they've reassured themselves that the organic grass-roots movement, which had delivered historic Democrat losses across the country, was fading and would no longer pose a threat to their progressive agenda. Apparently, though, nobody bothered to tell the tea party.
Bell, Farrakhan BFFs
by Ben Shapiro
Derrick Bell’s Faces at the Bottom of the Well is a fascinating take on racial politics. But he saves his most flattering words for an anti-Semite who called Judaism a “gutter religion,” believes that H1N1 flu vaccine was created to depopulate the earth, supported racist monster Robert Mugabe of Zimbabwe, and received backing from Moammar Gadhafi: Louis Farrakhan.
Derrick Bell Visited White House Twice In 2010
by Dan Riehl
Via Lachlan Markay at Heritage, we learn a Derrick A. Bell visited the Obama White House twice in 2010. The White House did not return a request for comment. The visits were on 1/29/2010, a Friday, and 1/31/2010, a Sunday. For now, a web search of news reports did not turn up why Bell may have been in Washington that particular weekend.
Obama Assigned Reading: Bell Says Whites Might Enslave Blacks
by Ben Shapiro
Back when Barack Obama was a lecturer at the University of Chicago Law School, he assigned Derrick Bell’s readings in class. In particular, he assigned the introduction to Bell’s book, Faces at the Bottom of the Well. Bell’s book was highly controversial, and for good reason: it contains some of the most inflammatory racial material in the critical race theory canon. And the introduction is chock-full of it. Open your hearts and minds to the words of Derrick Bell:
Piers Morgan Mocks Davis Guggenheim for Obama Documentary
By DANIEL HALPER
CNN's Piers Morgan mocked
filmmaker Davis Guggenheim last night for not including a single
criticism of President Obama in his campaign documentary.
Michael Tomasky on the Right’s Delusions About the Derrick Bell Video
The radical right hopes that a two-decade-old videotape of Barack Obama embracing radical professor Derrick Bell will sink the president. Don’t bet on it.
Are they kidding? Barack Obama hugged Derrick Bell? Wow! This just proves everything, doesn’t it? It’s “the smoking gun,” according to some Breitbartian
lickspittle, “showing that Barack Obama not only associated with
radicals but believed deeply in their principles—and wanted the rest of
us to believe in them, too.” It’s almost sad, watching them try to turn
this unremarkable minute-and-a-half into a scandal. But the main point
here is that the Bell video affair shows yet again that this “movement”
that is constantly invoking the flag and patriotism and saying it
represents America is far, far removed from mainstream American reality.
Thursday, March 8, 2012
The Price Of Gas Is Outrageous – And It Is Going To Go Even Higher
Does
it cost you hundreds of dollars just to get to work each month? If it
does, you are certainly not alone. There are millions of other
Americans in the exact same boat. In recent years, the price of gas in
the United States has gotten so outrageous that it has played a major
factor in where millions of American families have decided to live and
in what kind of vehicles they have decided to purchase. Many Americans
that have very long commutes to work end up spending thousands of
dollars on gas a year. So when the price of gas starts going up to
record levels, people like that really start to feel it. But the price
of gas doesn't just affect those that drive a lot. The truth is that
the price of gas impacts each and every one of us. Almost everything
that we buy has to be transported, and when the price of gasoline goes
up the cost of shipping goods also rises. The U.S. economy has been
structured around cheap oil. It was assumed that we would always be
able to transport massive quantities of goods over vast distances very
inexpensively. Once that paradigm totally breaks down, we are going to
be in a huge amount of trouble. For the moment, the big concern is the
stress that higher gas prices are going to put on the budgets of
ordinary American families. Unfortunately, almost everyone agrees that
in the short-term the price of gas is going to go even higher.America 1950 vs. America 2012
Would
you rather live in the America of 1950 or the America of 2012? Has the
United States changed for the better over the last 62 years? Many
fondly remember the 1950s and the 1960s as the "golden age" of America.
We emerged from World War II as the wealthiest and most powerful nation
on the planet. During that time period, just about anyone that wanted
to get a job could find a job and the U.S. middle class expanded
rapidly. Back in 1950, America was still considered to be a "land of
opportunity" and the economy was growing like crazy. There was less
crime, there was less divorce, the American people had much less debt
and the world seemed a whole lot less crazy. Most of the rest of the
world deeply admired us and wanted to be more like us. Of course there
were a lot of things that were not great about America back in 1950, and
there are many things that many of us dearly love that we would have to
give up in order to go back and live during that time. For example,
there was no Internet back in 1950. Instead of being able to go online
and read the articles that you want to read, your news would have been
almost entirely controlled by the big media companies of the day. So
there are definitely some advantages that we have today that they did
not have back in 1950. But not all of the changes have been for the
better. America is in a constant state of change, and many are deeply
concerned about where all of these changes are taking us.Not So Fast On That Whole Economic Recovery Thing
Not
so fast. Those that are publicly declaring that an economic recovery
has arrived are ignoring a whole host of numbers that indicate that the
U.S. economy is in absolutely horrendous shape. The truth is that the
health of an economy should not be measured by how well the stock market
is doing. Rather, the truth health of an economy should be evaluated
by looking at numbers for things like jobs, housing, poverty and debt.
Some of the latest economic statistics indicate that unemployment is
getting a little bit worse, that the housing market continues to
deteriorate, that poverty in America continues to soar and that our debt
problem is worse than ever. If we were truly experiencing the kind of
economic recovery that the United States has experienced after every
other post-World War II recession we would see a sharp improvement
across the board in most of our economic statistics. But that simply is
not happening. Sadly, this is about as much of an "economic recovery"
as we are going to get because soon the economy will be getting much
worse. So enjoy this period of relative stability while you can.
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