By omb on Mar 10, 2009 in Finance, Obeyme, Porkulus | Comments Off
Here’s a story that is running on Bloomberg.com, presently, by Kevin Hasset. The story is not that surprising by itself. It basically is asking whether or not a plotting foreign power with designs on the destruction of the U.S. economy and 20 years to spare, could prepare a trojan horse candidate that could wreak more [...]
By Libinator on Mar 3, 2009 in Finance, Obeyme, Porkulus | 5 Comments
Ain’t gonna be no rematch… A good friend, a liberal, asked me if Rush Limbaugh’s recent battles with the Obama White House and the liberal Republicans, capped by his speech at CPAC the other day, was the downfall of the opposition, or the resurgence. He directed me to this article. Here’s what I told him. [...]
By omb on Feb 17, 2009 in Congress, Constitution, Finance | 4 Comments
In 1913, the U.S. Congress abdicated its constitutionally ascribed responsibility to “To coin money, regulate the value thereof…” with The Federal Reserve Act, or the Glass-Owens Bill, which was passed on December 23. It is interesting to note that final vote in the House was 298yea, 60nay, 76 not voting and, more importantly, in the [...]
By Libinator on Feb 12, 2009 in Finance | 13 Comments
In case you were wondering what the $1,000,000,000,000 is all about. Followed by My Daily Screed. From WSJ online … Wonder Land columnist Daniel Henninger questions the theory behind Barack Obama’s stimulus plan. Three major events piled into view Tuesday: The Senate, under intense fire from the new president, passed a $838.2 billion stimulus bill. Treasury Secretary [...]