Obama vs. Obama
A major peculiarity of Obama’s recent promises involving his upcoming “Year of Action” is that the chief enemy he’s sworn to overcome is none other than… Barack Obama.
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A major peculiarity of Obama’s recent promises involving his upcoming “Year of Action” is that the chief enemy he’s sworn to overcome is none other than… Barack Obama.
This week we’ve already learned at least two facts that should give pause to anyone who cares about the liberty and prosperity of this country.
Nothing could be clearer to me based on what we all witnessed in Washington during these last few weeks and these last five years, than that Barack Obama and the Democratically controlled Senate have no interest in making anything approaching a “big bargain.”
Senator Mark Begich is currently running ads in Alaska questioning the intelligence of those who do not see matters as he does regarding the economics of Obamacare and the National Debt. Joe Miller thought it might be helpful to ensure the junior senator is fully apprised of some important facts concerning both.
Because Ben Bernanke’s public persona is as mild as milk, the transformation in American governance in which he has participated is imperfectly understood and hence insufficiently deplored. The change is dramatized by two recent developments.
The Federal Reserve this week is expected to start winding down an epic economic stimulus that is credited with helping the United States claw back from the deepest slump since the Great Depression.
The Federal Reserve’s holdings of publicly traded U.S. Treasury securities—federal government debt—pushed above $2 trillion for the first time last week, hitting approximately $2,001,093,000,000 as of Aug. 14, according to the Fed’s latest weekly accounting.
According to a respect expert, the bond markets will crash once global central banks stop buying debt, triggering a financial crisis much worse than the one seen in 2008.
“Let America get back to work the way that country has put people back to work ever since it started to be the shining light on top of the hill without all this micromanaging, European-style banking!” Santelli passionately argued.
The day of reckoning will come when the Fed starts to tighten, according to Schiff. “It is amazing Bernanke can admit he has no exit strategy,” he explained, noting the Fed will monetize some of its Treasury and mortgage holdings, but will have to sell a lot of both to normalize its monetary stance.