Archive for May, 2009
News Item: Dollar hits new multimonth low vs euro, pound, yen
The dollar kept falling Friday, notching fresh multimonth lows against the euro, pound and yen as a warning that Britain’s debt level may result in its credit rating being cut ricocheted into worries about the massive U.S. deficit.
The 16-nation euro rose to $1.4015 in morning trading from $1.3889 in New York late Thursday—its first time above $1.40 since Jan. 2.
The British pound rose to $1.5916 from $1.5890, peaking at $1.5945 earlier in the session, its highest point since Nov. 6.
Meanwhile, the dollar edged up to 94.51 Japanese yen from 94.23 yen—after earlier falling to 93.82, its lowest point since Feb. 23.
“The problem for the U.S. is particularly acute because of its reserve status,” said UBS analyst Brian Kim in an e-mail to investors Friday. Major holders of U.S. debt, such as Middle Eastern sovereign funds and the Chinese government, have not been shy about calling the U.S. out for what it sees as policies that will trigger inflation, shrinking the value of their Treasury holdings.
Well, no shit, Sherlock.
With the massive Obama government spending and debt there will be massive inflation and stagnant economic growth – just like the Jimmy Carter STAGFLATION in the 1970′s.
The solution then, as it is now, was the election of a conservative President (President Ronald Reagan), limited government, reduced federal spending and tax cuts.
Technorati Tags: Jimmy Carter, Barack Obama, Dollar, Inflation
Tags: Barack Obama, Dollar, Inflation, Jimmy Carter
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Democrats in the House Energy and Commerce Committee have hired a speed reader, in case Republicans request for the more than 900 page bill to be read aloud. Invoking their procedural right to have the bill read aloud could advance the Republican’s plan to stall a vote on the bill. Committee Chairman Henry Waxman wants the bill voted out of the committee before Congress breaks for its Memorial Day recess next week.
Members of Congress on both side of the aisle should get REAL and stop wasting the public’s time and coin on MORONIC activities.
Technorati Tags: Henry Waxman, Joe Barton
Tags: Henry Waxman, Joe Barton
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Meghan McCain and her father, Senator John McCain
Ya think?
Meghan McCain gets a platform on The Daily Beast and on TV because of who she is, and because she’s a useful idiot for the media left. (“Look, even John McCain’s daughter is saying how screwed-up the GOP is!”) I say this even though it’s likely that Meghan McCain and I agree on some things. She ought to know enough to realize that she’s not getting on TV because people think she’s genuinely got anything interesting or important to say.
Can’t Mother McCain get her a job selling beer or something?
Technorati Tags: Meghan McCain
Tags: Meghan McCain
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Day By Day by Chris Muir
Oh No!
Chipping a tooth right before the Memorial Day weekend means more than likely you will have to wait until next Tuesday to get it repaired.
However, be glad America has private dentistry and although your regular denist may be off golfing, there may be an enterprising dentist who is open for business – even on the holiday weekend.
Previous:
The Day By Day Archive
Technorati Tags: Day By Day, Dentistry
Tags: Day By Day, Dentistry
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And, 59 per cent oppose bailout funds for states like California that face serious financial problems. For California specifically, 66 per cent oppose a bailout.
As for California specifically, again just 24% believe the federal government should guarantee the state’s loans. Sixty-six percent (66%) of voters nationwide oppose federal guarantees. California Governor Arnold Schwarzenegger has said the state may request such guarantees.
Even given the most extreme example of bankruptcy, voters oppose federal subsidies to keep the state government going.
Forty-eight percent (48%) say it would be better for the economy to let California go bankrupt rather than provide federal bailouts. Just 38% said it would be better to provide federal subsidies so the state can continue to pay its bills and provide services.
California’s revenues have decreased to 1999 levels. Why not cut spending to match the revenue?
Too simple, huh?
California should cut government spending supported by the politically powerful public employee and teacher’s unions and get real about balancing its budget.
Or, RINO California Governor Arnold Schwarzenegger and the Democrat dominated California Legislature can explain to California voters why they have bankrupted the state.
Technorati Tags: California, Arnold Schwarzenegger
Tags: Arnold Schwarzenegger, California
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Gov. Sarah Palin is coming to Auburn June 6.
The Alaskan governor and former Republican vice presidential candidate will travel to Auburn for what the city organizers call Founders Day, which this year will celebrate 50 years of Alaskan statehood.
Auburn's Meghan Stapleton, Palin's former press secretary who continues to work for her as a spokesman in nongovernment matters, confirmed the visit with Auburn officials in recent days.
Alaska and Auburn are linked through William H. Seward, who lived much of his adult life in Auburn and was secretary of state under Presidents Abraham Lincoln and Andrew Johnson. Seward negotiated the deal with Russia in which the U.S. bought Alaska on March 30, 1867, for $7.2 million.
Stapleton's father, Auburn lawyer T. David Stapleton, sits on the board of the Seward House in Auburn, and wrote the invitation on behalf of the city and the Seward House.
It's not clear where else in New York Palin might visit.
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Centrism has emerged as a dominant factor in public opinion as the Obama era begins. The political values and core attitudes that the Pew Research Center has monitored since 1987 show little overall ideological movement. Republicans and Democrats are even more divided than in the past, while the growing political middle is steadfastly mixed in its beliefs about government, the free market and other values that underlie views on contemporary issues and policies. Nor are there indications of a continuation of the partisan realignment that began in the Bush years. Both political parties have lost adherents since the election and an increasing number of Americans identify as independents.
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The nation's top geography whiz breezed through questions about mountain ranges, rivers and world capitals Wednesday, but he was stumped when National Geographic Bee host Alex Trebek asked him to name one of his weaknesses.
"Um …" said Eric Yang, 13, pausing. The Texas teen had just revealed to the "Jeopardy!" host how he crafts his own chess strategies and plays the piano.
"That's OK," Trebek replied. "You remind me of a former president, but we won't get into that."
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CREW learned today that the Obama administration is opposing our request that the Supreme Court reconsider the dismissal of the lawsuit, Wilson v. Libby, et al. In that case, the district court had dismissed the claims of Joe and Valerie Wilson against former Vice President Dick Cheney, Karl Rove, Scooter Libby and Richard Armitage for their gross violations of the Wilsons’ constitutional rights.
Agreeing with the Bush administration, the Obama Justice Department argues the Wilsons have no legitimate grounds to sue. It is surprising that the first time the Obama administration has been required to take a public position on this matter, the administration is so closely aligning itself with the Bush administration’s views.
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President Barack Obama sees his secretary of defense just about every day, but he still flubbed Robert Gates' name on Thursday.
Gates was in the crowd for Obama's national security speech. Pointing him out, the president said "William Gates" was on hand. Perhaps Obama was thinking of Bill Gates, the Microsoft billionaire.
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President Obama told human rights advocates at the White House on Wednesday that he was mulling the need for a “preventive detention†system that would establish a legal basis for the United States to incarcerate terrorism suspects who are deemed a threat to national security but cannot be tried, two participants in the private session said.
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President Obama is so "distracted by his vice president's indiscipline" that he has been forced to rebuke privately Vice President Joe Biden, according to a new book by Newsweek journalist Richard Wolffe, who interviewed Obama a dozen times.
"He can't keep his mouth shut," Wolffe quotes a "senior Obama aide" as saying of the gaffe-prone Biden in "Renegade: The Making of a President," set for release June 2.
As evidence, Wolffe reports that during the presidential transition period, Biden insulted Valerie Jarrett, one of Obama's closest friends and confidantes. Jarrett had been considered Obama's top choice to fill his vacated Senate seat in Illinois, but took herself out of the running just hours after Illinois Gov. Rod Blagojevich allegedly told a wiretapped conference call he would not heed any Obama recommendation without a payoff.
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The FBI and NYPD busted a four-man homegrown terror cell Wednesday night that was plotting to blow up two Bronx synagogues while simultaneously shooting a plane out of the sky, sources told the Daily News.
The idea was to create a "fireball that would make the country gasp," one law enforcement said.
Little did they know the plastic explosives packed into their car bombs and the plane-downing Stinger missile in their backseat were all phony – supplied by undercover agents posing as Pakistani militants linked to Al Qaeda.
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Rep. Alan Grayson was standing in the middle of Disney World when it hit him: What Americans really need is a week of paid vacation.
So on Thursday, the Florida Democrat will introduce the Paid Vacation
Act — legislation that would be the first to make paid vacation
time a requirement under federal law.
The bill would require companies with more than 100 employees to offer a week of paid vacation for both full-time and part-time employees after they’ve put in a year on the job. Three years after the effective date of the law, those same companies would be required to provide two weeks of paid vacation, and companies with 50 or more employees would have to provide one week.
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Hell, why not require a month off like they do in Europe?
But, who is going to pay for this?
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Village People: In the Navy
Contradicting a Pentagon release earlier in the week that there were no plans to end the DNDT policy of homosexuals in the military, now according to Presidential spokesman Robert Gibbs there are “active conversations.
Check out the wee glimmer of a change in the “Don’t Ask, Don’t Tell” saga, buried in Thursday’s press conference by Obama mouthpiece Robert Gibbs. The last we heard, the Obama Administration was moving quietly to limit enforcement of the policy — but it wasn’t in any rush to change the policy. And, as Comrade Lochhead told us earlier this month, it looked like momentum to change DNDT was waning. Now? Judging what was said Thursday, sounds like plans are moving along faster than previously disclosed, albeit on the down low.
Whatever that means?
Why doesn’t Obama keep his promises to the homosexual community and OK gays in the military? Why is there reluctance?
Could it be that it might hurt recruitment of soldiers?
Or is he just a typical POL and hopes a court somewhere gives him a political out to a policy change that will alienate some voters?
Technorati Tags: Don’t Ask Don’t Tell, Gays in the Military, Barack Obama
Tags: Barack Obama, Don't Ask Don't Tell, gays in the military
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