The Federal Reserve Bank continues to screw America into the ground

Here is the Fed chairs announcement:

The Story via CNN.COM:

NEW YORK (CNNMoney) — The Federal Reserve announced plans to unleash more stimulus Thursday, in its third attempt at a controversial program to rev up the U.S. economy.
The policy, known as quantitative easing and often abbreviated as QE3, entails buying $40 billion in mortgage-backed securities each month. The end date remains up in the air, as the Fed will re-evaluate the strength of the economy in coming months.
The Fed is wasting no time. The purchases begin Friday and are expected to add up to only $23 billion for the remainder of September.
The bond-buying policy “should put downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative,” the Fed’s official statement said.
Meanwhile, the Fed will continue its existing policy known as Operation Twist. Together the two programs will add $85 billion in long-term bonds to the Fed’s balance sheet each month.

Now what effect will this have on our money supply?

Ryan W. McMaken writing over at Lew Rockwell’s blog correctly observes:

The effect of this will be:
Even less saving going on than is happening now. Why do the lending institutions need more liquidity? Because there are no real life loanable funds in the first place. No one is putting money in depository institutions, for example, because interest rates are at rock-bottom levels, but also because people have no excess money to save. So, the Fed is creating fake loanable funds through the purchase of the MBSs. Much of this will probably be newly-created money.
It will maintain the focus on consumer spending rather than investment. The idea is to keep people spending on real estate. Thus, less will be spent on business investment.
People will incur more debt.
We’ve heard for years from some incorrigible economists that what we need is the Fed to pump up the real estate market to get people spending again. Their answer is: more debt, more spending, less savings and investment.
This is what has been happening for years to no avail, of course, and the Fed is now just turning it up a notch. I’m sure recovery is right around the corner.
The definition of insanity/Keynesianism: Doing the same thing over and over and expecting a different result.

A-farking-men. This is what happens, when you elect the same very idiots, who screwed the housing markets squarely into the ground. People that voted for this sort of Government, get exactly what is coming to them and the sort of Government that they voted for. Who the heck ever heard of printing money, that you do not even have to print? It is the textbook case of utter insanity.

I will say this; if Mitt Romney loses this election and the way recent events have turned out, he just might lose —- and this Nation goes into the crapper, because Conservatives and the Republican Party decided to pick a safe candidate. Then the Republican Party should be shut down for good and a new Conservative Party formed. Others have said it, I know and they are absolutely correct.

This stuff right here is the very reason why I hung it up with the Democratic Party and stopped voting for them and supporting them. I am not a millionaire or even someone with any sort of money at all. Hell, I have been unemployed for 8 damned years. However, I do know stupidity, when it see it; and it is on full display here. Only insane people would do stuff like this, and try to rev up the economy. The solution is to let the free-market work and do its job, not stick a statist finger in it.

Also too; as much as I am not a big fan of weaving ads into my blog postings. I believe this one is important. This would be a good time as any to get into Gold, Silver and other metals. I deal with two companies that sell the stuff. Their banners are below and they both come highly recommended.

They are:

and…:

Current Prices:

It would be absoutely insane not to get into at least some sort of Gold or other precious metal investment.

Others: Michelle Malkin, Newsy, Guardian, LewRockwell.com Blog and Real Time Economics — Blogger Roundup at Memeorandum.com

Videos: Obama in his own words

I saw this over at HotAir.com and I thought I would share it here:

Not that this is anything new really. I have been writing about this crap sack’s lies since 2007 on my old blog.

Here are some more of Obama’s lies:

and they wonder why Joe Wilson said this:

Welcome to reality Democrats! This is what you elected and what you are about to be stuck with, when he LOSES!

Vote for Mitt Romney, he might not be perfect; However he will tell us the truth — whether we like it or not.

The Democratic Party has actually become the Godless Party

This is unbelievable and never would have happened as recent as the 1990’s.

The story via David Brody over at CBN NEWS:

Guess what? God’s name has been removed from the Democratic National Committee platform.
This is the paragraph that was in the 2008 platform:
“We need a government that stands up for the hopes, values, and interests of working people, and gives everyone willing to work hard the chance to make the most of their God-given potential.”
Now the words “God-given” have been removed. The paragraph has been restructured to say this:
“We gather to reclaim the basic bargain that built the largest middle class and the most prosperous nation on Earth – the simple principle that in America, hard work should pay off, responsibility should be rewarded, and each one of us should be able to go as far as our talent and drive take us.”

It is not only God; but it is Israel too. The Washington Free Beacon reports:

For Jerusalem, the new platform has been brought into line with the Obama administration’s policy of not recognizing Jerusalem as Israel’s capital and supporting its division. Jerusalem is unmentioned in the 2012 document, whereas the 2008 and 2004 Democratic Party platforms declared “Jerusalem is and will remain the capital of Israel…It should remain an undivided city accessible to people of all faiths.” The Obama administration’s refusal to recognize Jerusalem has been a point of significant controversy in recent months.
On the issue of Palestinian refugees, the new document has removed language from the 2004 and 2008 platforms specifying that Palestinian “refugees” should be settled in a future Palestinian state, not in Israel.
The 2004 platform: “The creation of a Palestinian state should resolve the issue of Palestinian refugees by allowing them to settle there, rather than in Israel.”
The 2008 platform: The peace process “should resolve the issue of Palestinian refugees by allowing them to settle there, rather than in Israel.”
The 2012 platform contains no language on the matter.
Previously, Obama has incorporated the Palestinian positions on Jerusalem and borders into his administration’s policies. It appears that with his party’s new platform, he is also doing so with refugees.
Gone as well is the language from 2008 on the terrorist group Hamas, which currently controls the Gaza Strip. That platform declared, “The United States and its Quartet partners should continue to isolate Hamas until it renounces terrorism, recognizes Israel’s right to exist, and abides by past agreements.”
The 2012 platform contains no mention of Hamas.

Mitt Romney did weigh in on this:

UPDATE (2:39 p.m.): Mitt Romney released a statement Tuesday afternoon, criticizing the Democratic platform for removing the Jerusalem language:
“It is unfortunate that the entire Democratic Party has embraced President Obama’s shameful refusal to acknowledge that Jerusalem is Israel’s capital. Four years of President Obama’s repeated attempts to create distance between the United States and our cherished ally have led the Democratic Party to remove from their platform an unequivocal acknowledgment of a simple reality. As president, I will restore our relationship with Israel and stand shoulder to shoulder with our close ally.”

Okay, now for my thoughts. Now, as everyone who reads my blog knows that recently I removed my blog’s “I stand with Israel” banner, because of the actions of a well-known Jewish-American blogger towards me and because of things said about Ron Paul by Jews, which I did not believe was fair to him and his legacy. However, that should not be interpreted by anyone, least of all the Jewish community that I dismiss the idea of a Jewish State or even harbor hatred towards Jews at all.

What I can tell you is this; this tossing of Christianity and Israel under the proverbial bus, might just be the death knell of Obama’s campaign and the Democratic Party as we know it. Because there are many people, Left and Right; who still love Israel and the Democratic Party’s basic tossing of Israel and the Christian communities under the bus like this, might just be a bridge too far for some people.

There are many people, yours truly included, that have felt that the Democratic Party has far strayed from its moorings; from that that party that it was in the 1940’s during the Roosevelt and Truman era. It is sad thing for me to have to actually write; but the Democratic Party is just no longer my Grandfather’s Party or mine for that matter. They have drifted much to far away from what I recalling reading about and admiring.

President Ronald Reagan said it best, “I did not leave the Democratic Party, they left me.” Sadly, they have left me too and now, they’ve left Israel and Jesus behind too. Progression, you say? More like regression, and ultimately ——— undoing.

In closing:

Stand with Israel

Vote and Support Mitt Romney for President of the United States in 2012.

Others: Ricochet Conversations Feed, Weasel Zippers, The Right Scoop,Mediaite, National Review, The Gateway Pundit, LifeNews.com, The Daily Caller, The Daily Caller, CNSNews, Weekly Standard, protein wisdom, Atlas Shrugs, Politico, JTA, Hot Air,, Washington Examiner, RJC, Politico, Weekly Standard, Israel Matzav, The Gateway Pundit, Weasel Zippers and JOSHUAPUNDIT

Idiots Deluxe: Outside the Beltway, Washington Monthly,

Irony of the Day

Oh the Irony here!

It seems that Jonathan S. Tobin, is not too happy that someone dared to tip a sacred now and actually write something critical of Ronald Wilson Reagan.

Check it out, the first paragraph:

There is a longstanding tradition on the political left to attack contemporary conservatives by comparing them to the right’s leaders in the past. That means that Republicans who were reviled by liberals during their lifetimes are sometimes treated kindly in retrospect because it serves the political purpose of diminishing the reputations of their successors. But in some precincts of the left, bashing Ronald Reagan never goes out of style.
via Smearing Reagan Never Goes Out of Style « Commentary Magazine.

Here is where the irony is at, this Magazine will go out of its way to defend Ronald Reagan; but has absolutely no problem smearing Ron Paul at all. However, considering whom this magazine caters to, this should not be a great surprise at all. However, the irony is not lost, not on this American Conservative. Again, let me clear; Ron Paul was not perfect and no saint, not in the least. However, when one posts complaints of smearing, when one’s publication smears a true-American patriot; one must be held accountable for those actions.

Not to mention, it is quite funny to point out. 😆

Video: Alex Jones on Ron Paul’s campaign manager

I happened to have found this on Facebook.

I know what I said earlier about Ron Paul.

Alex Jones’s delivery and acting aside; the information is interesting.

Watch it:

http://www.youtube.com/watch?v=18PgaZzJDzE

I had heard about this before, but didn’t realize the extent of it.

Interesting indeed.

Dear MSNBC: Obama is engaging in the ‘niggerization’ of America

Yes, I said that and do please, quote me on it.

Video: (Via Mediaite)

Via Mediaite:

Touré didn’t just say that – he said that Romney was “using the playbook Republicans have been using for decades now.” In other words, Republicans have been involved in so-called “niggerization” for decades.
This is disgusting. It’s a lie, and what’s more, it waters down racism to the point where anything qualifies – and to the point that real racism isn’t taken seriously anymore. According to Touré, it’s racist to suggest that Obama is the “food stamp president,” even if he’s elevated food stamp usage to record levels; it’s racist to call him angry; but it’s not racist for Joe Biden to suggest that freeing Wall Street will put black people “back in chains.”
Only MSNBC would put a fool like Touré on the air every night. And only the racially extreme left would consider Touré an eloquent spokesperson for their perverse views.

Okay, now I am going to say what Ben did not have the room or even the heart to say up there in that quoted text above. As a white man, who has been unemployed for the last eight goddamned years and has watched as family members, friends and neighbors of mine lose their jobs, their homes, and their dignity over the last eight years —- of which Obama has been in office for almost four years of that time. Let me say that I have watched as Obama has engaged in the ‘niggerization’ of America.

I have watched as President Obama bailed out Wall Street and left people on Main Street to suffer. I have watched as Barack Obama went out of his way to protect failing companies like General Motors and Chrysler (READ —- UNIONS!) — Which are headed for bankruptcy again —- and then not do a goddamned thing for non-union working class folk —-like myself.

The fact is that unemployment is up, food stamp enrollment is up, social security enrollment is up and the Nation’s GDP is down, manufacturing is down and economy is just goddamned awful. Whose fault is that? It is President Barack Obama’s fault. If Barack Obama had just left the economy alone, it would have been just fine and would have recovered. However, no, he spent like a drunken sailor and now this Country is $15 TRILLION dollars in debt and what do we have to show for it? —– Not one goddamned lousy thing except for the debt itself. Oh, we got something all right, a lousy goddamned healthcare bill that utterly robbed Medicare!

So, if the liberal Democrats want to talk about ‘niggerization’ of anything, I suggest they look in the goddamned mirror and also take a look in the White House and look real close at what the “magic negro” that they elected to the office of President of the United States is really doing! Because I tend to suspect that, these clowns are just plain damned clueless.

This is what the Democrats have left, their leader has failed, and his reelection is in jeopardy. They have nothing left in their bag; —- except for class and racial warfare. This will cost them dearly too. Because Independent people are going to see this and they are going to run away from it. Racial resentment is a turnoff to most people.

This is not what Martin Luther King Jr. taught; this is the sort of thing Malcolm X preached and practiced. It was wrong then and it is wrong now. This is why Martin Luther King Jr. has a monument in Washington DC and Malcolm X does not. Because preaching this sort of division does nothing to advance the black cause, all it does is cause hate and resentment. It used to work in the 1970’s and even in the 1980’s. However, I tend to believe the Americans, even black Americans, are just a little smarter than that anymore. They are tired of the division and the warfare and just want to get along with everyone. I mean, blacks can go to Selma, Alabama now and eat, shop and sleep about anywhere they want to there now.

Therefore, to MSNBC and this Toure character, I say this: Your racial resentment and “the evil white man” magic act are getting a bit stale. I think it is time you found a new script and some new talking points. Because smart Americans, like me, see right through this and reject it wholeheartedly. By that, I mean; Black Americans, White Americans, Latino Americans, and every other goddamned race of Americans too. All Americans see right now is the fact that there are no jobs, and that they have no money and huge bills and mortgages that are underwater — and the best thing you idiots at MSNBC can do is play the race card? My God —- has defending hope and change gotten that bad?

In closing: ‘niggerization’ —- Nigga please! You idiots do not even know the meaning of the word! 🙄

Others: Power Line, The Gateway Pundit and Washington Post, The Gateway Pundit, We are respectable negroes, The PJ Tatler, The Daily Caller and Riehl World View (Via Memeorandum)

Update: Toure apologizes

President Obama says, “I am not the President of Black America”

This is rather interesting to say the least….

Q: How do you respond to criticism that your administration hasn’t done enough to support black businesses?
A: My general view has been consistent throughout, which is that I want all businesses to succeed. I want all Americans to have opportunity. I’m not the president of black America. I’m the president of the United States of America, but the programs that we have put in place have been directed at those folks who are least able to get financing through conventional means, who have been in the past locked out of opportunities that were available to everybody. So, I’ll put my track record up against anybody in terms of us putting in place broad-based programs that ultimately had a huge benefit for African American businesses.
Q: The resurrected financial services industry hasn’t stepped up in terms of providing adequate capital to small- and minority-owned businesses.
A: There is no doubt that American taxpayers stepped in and pulled the banking industry out of the fire. It was controversial. It was messy. Ultimately it was the right thing to do for the economy. But it is true that once banks got back on their feet they haven’t been as aggressive in lending to small and medium-sized businesses as we would like. And I’ve had conversations with the major banks about this issue. What they will say is that some of the additional regulations have impeded some of their capacity to lend. We don’t see major evidence of that.
via Pres. Obama Talks Black Businesses, Black Unemployment [Exclusive].

My feelings on this are mixed. As a white American, I like the idea that President Obama realizes that he is the President of the United States of America and that he does not intend to kowtow down to any particular ethnic minority. However, if I were a black person, my feelings would be greatly different. Many blacks in this Country voted for Obama for the sole reason that he was black. These people are most likely feeling as if they have been taken advantage of by this President. I would imagine that the phrase “house negro” comes to their minds as well.

It just seems to me that Obama is doing everything he can, and making every gaffe that he can to prevent being reelected to the office. Because as it is now, the far left has abandoned him, the independents have abandoned him and even some of the mainstream liberal Democrats have left him too. My question is; what is left? Is Obama trying to scare off the black business owners too or the black vote in general? It sure seems that way to me.

November is going to be one interesting election. Because if Obama does not want the office of the President of the United States of America, there is a Republican who will be more than happy to take it from him. The sad and sick part is that there are Republicans are actually foolish enough to believe that Mitt Romney is actually a true, rib-rocked, Conservative — something that they will find out, come the winning of the election.

Those are my thoughts and I would like to see yours in the comments section below.

From the “what the heck were they thinking?!?!?” file

I’m with Laura W at Ace’s and AllahPundit on this one:

http://www.youtube.com/watch?v=JWD0wUmO8jk

Laura W. Says:

Thanks to Spongeworthy, who says this played during the Olympics. Really not sure how the content of this ad promotes Ragu sauce. I can see the angle of pasta as a comfort food, but…couldn’t they find a more wholesome scenario for a kid…I mean…
…no, just NO. Jesus.
No, really, what the f***???

Indeed. WTF?!?! 😯

UPDATED: Another mass shooting, this time in Wisconsin

First Colorado, now this.

A mass shooting at a Sikh Temple in Wisconsin. Go Here, Here, Here, Here and Here to read all about it. (Via Memeornadum)

Via NBCNews.com, a detail that I am hoping like hell is wrong:

A temple committee member, Ven Boba Ri, told the Journal-Sentinel that people inside the temple described the shooter as a white male in his 30s.
“We have no idea,” he said of the motive. “It’s pretty much a hate crime. It’s not an insider.”
Ri told the Journal-Sentinel the gunman walked up to a priest who was standing outside the temple and shot him. Then he went inside and started shooting.

If this is even remotely true; we are so.very.much.screwed, when it comes to gun rights. It is over and we will have to wait to see if Mitt Romney wins or not and if the Republican take both houses. Because you know good and well; that the Democrats will enact strict Gun laws. It is that whole, “never let a crisis go to waste” thing.

Right now, prayers. Prayers for the victims, Prayers for the families —- and Prayer for our Nation. We’re about to lose it, if we are not real careful here. 🙁

Update: Via CNN: Video of witness describing what he saw:

Update #2: Round of blogs, right and left — covering this story: Washington Monthly, Guardian, The Lede, Outside the Beltway, The Moderate Voice, Los Angeles Times, The Raw Story, JOSHUAPUNDIT, ABCNEWS, The Hinterland Gazette, New York Magazine, Washington Examiner, Shakesville, BBC, The Other McCain, Wizbang, Scared Monkeys, Mashable!, American Power, Gawker, The Mahablog, Newsy, Taylor Marsh, The PJ Tatler, Blazing Cat Fur, First Draft and Booman Tribune, Newsy, The Talking Dog, Runnin’ Scared, The Hinterland Gazette and American Power, The Gateway Pundit, Guardian, Mediaite, Angry Black Lady Chronicles, The Raw Story, Joe. My. God. and ABCNEWS, Hot Air and Los Angeles Times, ABCNEWS and Crooks and Liars

Another good reason why I do not have, nor do I want children of my own

Go read Here, Here and Here.

A small snippet:

Dear Free-Range Kids: Recently my youngest daughter and I had an experience that really shook me up (both of us, actually), and I wanted to share it with you. We were walking to the library together, and she was holding my hand and trying to pull me into telephone poles and whatnot as we walked, which is a silly game that she enjoys. Suddenly a police car pulled up beside us, lights on and everything. The cop gets out of his car, says “Sir, please step away from the child,” then proceeds to crouch down and ask her if “everything is okay.”
After re-asking a few times, getting a more and more nervous “yes” each time, he stands up and informs me that someone had called 911 reporting what looked like a young girl being abducted. My daughter and I both explained what was really happening, and not only did he not even apologize, he chastised ME for not being, and I quote verbatim here, “More thankful someone was watching out for my daughter.” — Read the rest here

Big Government Statism at its finest there.

Another good reason keep it in your pants and not have kids. Our Government, at all branches, is simply out of control.

(H/T Instapundit)