Humble request to ZeroHedge

I really hate having to criticize other bloggers. Because I happen to know that Blogging is a tough thing to do without some idiot outsider criticizing your work. It sucks and I know I do not like it when people do it to me. However, I believe this one is highly warranted.

I posted here last night about a possible pop in China’s economy. So, this morning, I happen to go over to ZeroHedge’s site and see the following headline:

“China Is Proud To Announce It Is Reflating The Bubble – Will “Actively Push” Investors Into Stocks”

Here is the little problem with the above story. There is NO reference link to the story at Bloomberg. The nearest thing I could find was a story similar in nature, but included nothing that was referenced in the story above. I am not accusing Zerohedge of lying. But, something is quite fishy here. Either Bloomberg reedited the story, because maybe part of it was fished out as bogus or someone at Zerohedge took some editorial liberties.

Either way, the story got bounced around the Alex Jones crowd a bit and I wanted to fish it out and see if it were true or not. However it is quite hard to do that, when there is no reference link to it. So, to the guys over Zerohedge; guys, please, links to stories or they’re not true, is that too much to ask?

Thanks,

-Pat

Is China’s Economy about to collapse?

This is not the first time I have heard this, but:

Which does China face? A popped real estate bubble could exert a big drag. Housing construction exceeds 10 percent of GDP. That’s historically high, says Lardy. At a similar stage of economic development, Taiwan’s housing investment was 4.3 percent of GDP. In the recent U.S. real estate boom, housing peaked at 6 percent of GDP. In China, housing stimulates much consumer spending (furniture, appliances) and accounts for 40 percent of steel production, notes Lardy. Land sales are also a big revenue source for local governments. All would suffer from a housing bust.
There are mitigating factors. Outside Beijing and Shanghai, it’s unclear that housing prices are “out of line with household income growth,” says economist Eswar Prasad of Cornell University. Chinese buyers also typically make large cash payments for their properties. Compared to United States, a housing bust is less likely to become a banking crisis as mortgages sour.
Whatever happens, China’s economic model is reaching its limits, as Lardy argues. It has relied on exports, promoted through the controlled exchange rate, and investment, including housing, subsidized by cheap credit. Meanwhile, Chinese savers have been punished by the low returns on deposits. This dampens their incomes and consumption spending. The trouble is that the global slowdown threatens exports and housing’s excesses threaten investment. Unless China can switch to stronger consumption spending, its economy will slow — or it will achieve growth by becoming even more predatory toward other countries. — Is a Chinese economic slump on the horizon? – The Washington Post

Go read that whole thing, because this is the best case for this belief. The funny thing, the people over a GoldSilver.com have been saying this for a while:

Go check them out and get into Gold and Silver; before you lose it all.

Here is a good reason why I will be voting Republican in 2012

This is very scary…:

In his remarks, Genachowski said the program has been successful, but has also been plagued with problems of accountability and efficiency. Multiple service providers are often supplying Lifeline subsidies to the same households, he said, because there is no centralized system. To address the issue, Genachowski said, the draft proposal creates a national database of Lifeline users to prevent duplicative billing. It also sets a budget for Lifeline aimed at connecting eligible consumers while staying within budget, and requires that participating companies be subject to independent audits every two years. — via FCC’s Genachowski proposes broadband reform – Post Tech – The Washington Post

National Database of internet users? Yeesh. 🙁 The Democratic Party has gone mad. Go read, that whole thing. I will say this; that low income thing is a crock; if they do it for them, they will do it for everyone. This is why we have to win in 2012 and further more, Why we also have to pick a real Conservative and not some idiotic Rockerfeller big-goverment Republican. Which is why I do not quite understand why people like Michelle Malkin get upset over the back and forth that is going on.

The Republican grassroots and the Conservative grassroots; which does include me — needs to know what they are getting this time. The last time around, everyone just followed behind what the Republican establishment gave them. Not this time; we are better informed, and thanks to twitter, facebook and blogs, we communicate better. Which is why elitists like President Barack Obama hate the internet so much. To be fair, I would be willing to bet some Republicans dislike it too.

(H/T Drudge)

This is why illegal immigration bothers me

Via Preston Wright on Facebook:

The American Militia’s website

What you need to know about stufffundieslike.com

I ran across this site and I have seen a few of his videos on YouTube. Anyhow, as a historic Fundamentalist I think it is quite unfair of this guy to bash Fundamentalists, especially Baptists.

So, I figure, if he is going to smear and libel people like Jack Schaap over at First Baptist of Hammond, Ind. They should know where to reach this guy.

Continue reading “What you need to know about stufffundieslike.com” →

No, I did not watch the Republican Debate last night

I had good reason not to watch too. From what I was hearing on twitter last night; while I was lying in the bed and drifting off to sleep, is that the debate was lousy. This was confirmed by things that I have read this morning. I guess the usual liberal partisan hacks over at ABC NEWS were living up to their expectations — not to mention the fact that the head of the DNC was at the debate outright lying to the media.

Also, the silly back and forth, not to mention the preening; as to who is the most Republican of them all — I find all that quite the bore. The truth is none of these contenders is of the Reagan stripe of Conservative, most of them, with the exception of Ron Paul; who is too far in the other direction — are just Neo-Conservative war hawks. Now will I vote for one of them? At this point, I really do not honestly know. It depends on which one makes the cut with the GOP nomination.

To be quite honest, the primary process really does not interest me that much. Now the general election is another story; the debates that I very much look forward to are the general election debates, how is Obama going to face someone like Romney? How is Obama going to stand there with a straight face and repeat that silly mantra of Hope and Change?

The truth is the only thing that is changed, is the amount of debt and the rate of unemployment. This is not to even to mention all the bureaucratic Government regulations that was put into place that killed many jobs in the oil drilling business. I just do not see how Obama is going to defend all of that, without sounding like a blithering idiot.

There is supposed to be a debate tonight as well, from what I hear. I will most likely skip it too. Again, I just do not have any interest in the Republican Party fashion shows. I just want to see this failure of a President try to debate and defend his failures in leadership. It is something that I do look forward to very much.

Bet this would be an interesting book to read.

Man, and I thought the Clinton’s were dysfunctional:

Then-White House Chief of Staff Rahm Emanuel offered his resignation to President Barack Obama in the winter of 2010 after a series of columns appeared depicting him as the lone element keeping the Obama presidency intact. According to then senior adviser David Axelrod, Emanuel understood that the stories “were an embarrassment” to the president. The president, already suffering from a setback to his health care reform effort, declined Emanuel’s offer to resign, despite being convinced that his chief of staff was the main source for the columns.
“I’m not accepting it,” Obama replied. “Your punishment is that you have to stay here and get this bill done. I’m not letting you off the hook.”
That revelation is one of the more explosive included in “The Obamas,” a new book by Jodi Kantor of The New York Times about the first few years of the Obama administration and the strains that it produced on the president’s marriage — strains that were ultimately overcome.
The dramatics that surrounded the passage of health care reform — culminating in Emanuel’s near-resignation — reflect the type of struggles that routinely pitted Emanuel against the first lady during the first two years of the Obama administration. The two jockeyed for influence over the president even before he formally took office. — Via ‘The Obamas’: Book Reveals Friction Between Rahm Emanuel, Michelle Obama (UPDATE)

Bet that would make a very interesting read.

Get the Book:

Update: As much as I hate to admit it; this guy does have a point. This is why I watch the comment section around here, like a hawk.

New Ron Paul ad dings Santorum in SC

(Via POLITICO.com)

Video:

I wonder what Jesse Vantura would say about that? I mean, after all, he does support Ron Paul. Not only that, but Ron Paul has a lot of damned nerve even bringing up betrayal; considering the fact that Ron Paul has repeatedly betrayed the United States Military of which he served. All so he can remain true to his leftist ideology of isolationist utopia and foriegn policy disenguagement. Here is hoping that Rick Santorum fires back and fires back hard on this point. Not only that, I also hope Rick Santorum brings up his racist and Anti Semitic friends too.

Others: : National Review,, THE ASTUTE BLOGGERS, American Power (via Memeorandum)

Kudos to Charles Lane

For standing for those who wish to love thier children and not have to be subject to these sort of attacks.

I’m not defending Rick Santorum the presidential candidate. From what little I know about him, he seems to have his own issues with moralizing and judging. To the extent he has used his family’s experience to make a point about abortion, I object.
But I am defending the right of the Santorums and all families to grieve an infant’s death in accordance with their personal needs and beliefs. My plea is for a little more respect regarding the way people deal with loss, and a little more maturity about physical contact with the dead. If that puts me in sympathy, for a moment, with this right-wing politician, so be it.
Jonathan’s death was probably the hardest moment of my life. But actually touching his body was a source of comfort and the first step in going on with life. Not weird — Via Rick Santorum’s baby–and mine. – PostPartisan – The Washington Post

I would recommend you to go read that whole thing; a very touchy story about a Father who also lost his child as well. Charles Lane is a brave man for standing up to his fellow liberals and objecting to the idea that loving a dead child is “Weird.”

Kudo’s to him. 🙂

Others: CatholicVote.org and National Review

Senator Marco Rubio rips President Obama a new one

Oof. This one is a harsh one to read:

In a scathing letter to sent to Barack Obama this morning, Senator Marco Rubio said that under the President’s first term in office, “more and more people have come to believe that America is becoming a deadbeat nation.”
Rubio went on to pledge that he would challenge any further increase in the debt ceiling, arguing that “we [Congress] need to make it routine to actually spend no more than we take in.” In the letter obtained by HUMAN EVENTS, the Florida Senator said that President Obama’s upcoming request to increase the debt ceiling by a whopping $1.2 trillion will cause the nation’s public debt to surpass the $16 trillion mark.
“I will oppose your request to continue borrowing and spending recklessly.”
President Obama is expected to request the new borrowing power from Congress once the Senate and House return from their holiday recess. — Via Rubio in letter to Obama: You are turning America into a ‘deadbeat nation’ – HUMAN EVENTS

Here is the letter here, it’s a PDF file, just so you will know.

it is red meat for our side; but it speaks to the broken state of DC.