Parents taking their children to this BS should be arrested for CHILD ABUSE.
Well so much for cool, calm and collected on Lawrence O’Donnell’s MSNBC news set.
Leave it to Mark Dice to obtain and expose this bit of MEDIA OUTTAKE.
Enjoy the true character of those who report the news daily. 😉
Ronald Reagan pulled California out of its hole and then moved on to pull America out of her hole.
I voted enthusiastically for him 4 times. He was the first POLITICIAN in my life time that said what he intended to do and then actually followed through with what he said.
Staunchly by his side all of the way was this lovely, strong, opinionated woman who INDEED CLEARLY LOVED AND SUPPORTED HER MAN.
Ronald and Nancy Reagan had been married for 52 years when he died in 2004. They wed almost 30 years before he became president, and had two children together, Patti and Ron.
Their marriage is one of the great love stories of American history.
Her death at 94 is indeed a loss.
Zero Hedge Fund blogger Tyler Durden speculated that the Federal Reserve spent the $600 billion, QE II, it created last fall to shore up Europe Bank assets. In other words QE II went to help Europe, Germany, Spain, Portugal, and Greece no the US banks. He bases his claim on the build up of the Federal Reserves monetary base shown and the simultaneous increase in European bank reserves.
Durden notes the growth of the monetary base here and the growth of bank reserves over in Europe there is a almost one to one correlation.
If this is true, and there are several economist like Gary North that are convinced it is, it is the end of Bernanke. There is no one in Washington that will be able to save Bernanke when this scandal becomes public.
Second this explains why the Euro has remained relativity stable over the last few month compared to the dollar and other currencies. If true European exporters will be just as furious as Americans over this action that will have cost them billions in sales.
Third now we know why Germany has had a change of heart as far as its position to bail out the Greeks. A few billion here and there will do that.
Fourth since none of this money made it to US banks none was lent out to help the economy. Not that the US banks would have lent the money out with the specter of inflation looming in the distance and zero confidence in the economy, banks would simply take the cash and purchase more short term T-Bills, but it kind of defeats the whole Keynesian “liquidity” argument for QE II when you are shoveling the cash to Europe.
Fifth, and most important, since there is no excess “liquidity” for US banks to purchase more Washington spending and other nonsense we are almost assured of QE III. Economist and Euro Pacific President Peter Schiff thinks the Fed will hide the QE III program in purchases of longer, three to five year, treasury notes. There will officially be no QE III and the Fed will hide these purchases just as stealth like as they did QE II.
And I thought Bernanke was a dull guy.
With the Scott Brown win in MA the writing is clearly on the wall saying the middle ground is pissed to the max.
Will team Obama, Reid and Pelosi be able to read and understand it?
Others not quite ready to be led to the impending Democratic slaughter perhaps will take a second look.
A first look and discussion of the secret health care bill would help.
A little transparency perhaps?
I hope this MA upset will send a majority of these health care and cap’ntax supporters leaping overboard like rats abandoning a sinking ship. The question really is … how stupid are they really to continue the support?
Can anyone in Washington still question the intent of the mass and their dissatisfaction with the continued destruction of our economy?
I watched the Brown victory speech.
What I noted was the sincerity he projected.
Quite a stark contrast to what everyone called eloquence from the Obama inaugural address.
Personally I do not think Obama possesses a sincere bone in his body … other than when patting himself on the back for things he fantasizes he has done.