Let's Recap: How did we get into this mess? Where does it end?

No Chance of Default, US Can Print Money: Greenspan - CNBC

Fantastic. Greenspan says we're OK because we can print money. In my recollection, Greenspan and this kind of thinking is the cause of the crisis. It IS the problem. Shortly After Osama hit the World Trade Centers Greenspan and Bush pumped liquidity into the system by pushing interest rates to historic lows. (Combine that with Clinton and Barney Frank forcing banks to loan money for houses to anyone with a pulse...) Greenspan was the guy that moved the Fed from fighting inflation to fighting recession. Now we have the Fed in the business of fighting stock market swings.

Where does it end? Oh, Hayek already told us how it ends--he watched the rise of the National Socialist (Nazi) Party in Germany. See, The Road to Serfdom by Hayek. Socialism is a one-way street that ends in Totalitarianism and brutal repression and the murder of millions. Obama is a fool. Dangerous, but a fool. He is, however, preparing the way for a madman like Hitler.

The Italian Job - WSJ.com

Review & Outlook: The Italian Job - WSJ.com

The news headlines today should have been: US Gov't borrowing costs don't change (today) despite the change in ratings by S&P. Subhead: Who would have thought that S&P added no information to the market?

So, the nominal reason for this post was to congratulate the Italians for the size of the scam they have pulled off on the Germans. Certainly the Spanish, Portugese, Irish, and Greeks did an amazing job but the Italians have pulled of a heist of historic proportions.

The really amazing part is that we have a Tea Party problem and not a borrowing problem!?!

The Truth About Fossil Fuels and Renewable Energy - Seeking Alpha

The Truth About Fossil Fuels and Renewable Energy - Seeking Alpha

Great series of articles on energy.

Favorite quote:

"...after 30 years and $30 billion in subsidies, wind now meets 7/10 of 1% of US energy needs (about the same as when farmers used windmills 150 years ago) and solar is 12/100 of 1%. "

Three Cheers for a divided government...BBC News - FAA shutdown: Obama urges Congress to settle latest row

If only those Republicrat bastards would go along with our coercion. Hard to know whether to side with the Rebulicrats or the Democans. Mostly the whole thing brightens my day. Come to think of it, best that the government isn't collecting taxes and isn't spending the money whatever the reason.



BBC News - FAA shutdown: Obama urges Congress to settle latest row

Can't continue to wash each other's shirts

Trade is great. Absolutely fundamental to prosperity. But, without value being created at home, one way flow of wealth out of the country is eventually going to be our ruin. We need to defend freedom, allow anyone with a college degree and a dream to live here, and stop allowing the government to punish creators of value.


www.retailsystemsresearch.com/_document/summary/1321#fullsite

Employers BANNED from background checks? Striking the Balance Between Workplace Fairness and Workplace Safety

If I am reading this proposal correctly your Federal government wants to make sure sex offenders get a fair shake. An employer like Sea World could no longer check the sex offender database and then use the results of that check when considering a new hire? Sounds fair to me.

Striking the Balance Between Workplace Fairness and Workplace Safety

Fair versus Free

Fair versus Free

"When “fairness” replaces “freedom,” all our liberties are in danger." Check the Constitution. It does not protect fairness.