Correcting Joseph Farah

First off, let me say that I do support the Roberson Family and I hope they really do find another network that is friendly to their Christian beliefs. However, once again, I feel the need to correct those who are telling mistruths about the First Amendment.

Joseph Farah at WorldNetDaily writes a fairly decent article about what happened with Phil Robertson. However, he kind of goes off a bit in the piece too:

This is a dangerous precedent. In fact, I’d say Old Phil would have a pretty legitimate shot at a First Amendment lawsuit because his own religious liberties have been violated by the actions of A&E. I mean, it’s not exactly possible the network didn’t know his beliefs until this week.

As I have written before, the only thing that the First Amendment is supposed to protect American citizens from is repression of freedom of speech from the United States Government; and that is it; not from private businesses such as A&E.

The idea that we can reinterpret the U.S. Constitution to suit our own personal agendas, is a progressive idea. Now, I am not calling Joseph Farah a progressive, far from it. I am just simply stating facts about the original intent of the Constitution. Now what Phil Roberson could do is sue A&E for breach of contract; but even then, he would have a tough time with it. Because unless A&E guaranteed the Robertsons in writing that they would be free to express their personal opinions without worry of censorship; Robertson would have a tough time getting any sort of judgement against A&E.

Again, as I wrote before; I am not on the side of those who want to squelch Christian’s the right to express their opinions; However, I do think that everyone that cries, “First Amendment!” ought to try actually reading the first amendment and see what it really says, before yowling on about it.

In case you have forgotten, this is what the first amendment says:

Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.

Notice it says, “Congress?” Congress is a part of the United States Government; A&E network is not. Let’s not confuse the two.

Video: What the Government is doing with your internet and phone calls

My friends, I knew this was big, but I had no idea it was this big. 😯

This video comes via Democracy Now:

Also too, unlike the anti-american idiots at WSJ; no, I do not support this one iota. I agree with Michelle Malkin, it is overreach of the highest order and yes, it is dangerous as hell.

I will say this, as someone who is not much of a Democratic Party supporter anymore; my friends, we might just be witnessing what might just be the end or at least the long-term waylaying of the Democratic Party for a long time to come. I can tell you now, that many Americans who voted for President Obama are feeling like suckers who were sold a bag of lemons. Because from what I have seen, Democrats are absolutely furious about this little revelation.

Here is perfect example: (Via)

and another: (via)

Of course, there are stays; my friends, I present to you the biggest damned idiot on television:

http://www.youtube.com/watch?feature=player_embedded&v=1DePimVb9dY

AllahPundit writes about this moron, and man is he ever right about this guy.

Take it away AP:

Matthews has made this point many times before, usually with references to Horatio Alger, but it feels extra special after a long week of President Perfect completely betraying the Hopenchange ethos of his first presidential campaign. It’s not the cheap racial demagoguery that gets me here; that’s par for the course both for him and his network, where you’ll find far dumber examples of it than this. What gets me is that a guy who’s spent his adult life in politics reacts to the dynamics of ideological differences and partisanship like a college student would. Righties dislike O because he’s a statist liberal, and sometimes an aggressive one; if Hillary wins, she’ll be hated for the same reason. Obama’s personal behavior is better than lots of pols’, but plenty of politicians who are more or less decent people in their personal conduct are roundly hated by the other team. Paul Ryan’s a nice guy with a lovely family whom the lefty commentariat loathes because they think he wants to kill grandma. Marco Rubio also seems like a decent person with a nice family; he’ll be the second coming of Hitler in 2016 to the left if he’s the nominee, his shilling for immigration reform notwithstanding. Many people who know Mitt Romney will tell you he’s a warm, generous guy in person; he’s lived cleanly too, apart from his unforgivable crime of making lots and lots of money in business. (Note Matthews’s reference to “money-grubbing” in the clip. For shame, Mitt.) All of them already are or will be regarded by liberals as monsters, not because they have any deep objection to them as people but because they’re roadblocks on the path to the society liberals want America to be. That’s politics. When you know the way to paradise, everyone in your way is the devil. And every single person reading this grasps that already. So how is it the guy who doesn’t, who shrieks like a five-year-old over political animosities, has his own TV show?

Very well put. Also too, and please know this okay? The only reason I am linking to HotAir.com on this is for following reasons:

Because I happened to see the videos there and I happened to have liked what AllahPundit said.
It is considered in blogging to be unethical to not cite sources of where you get your videos from. Yes, I know, people have used stuff here and no bothered to cite me as the source. It happens. But, I happen to believe in ethics and integrity. Because of this I cite my sources, all the time. I could care less about the hits or lack of; although, I will confess that the trackback links are nice. But, I really do not get a good deal of traffic from HotAir.com. So, the accusations of my link whoring are baseless.

Poop, meet outhouse

I just get done writing one “poop-stinky” hitting the fan blog entry and I stumble upon another one.

Not to get all….um, how do I put it? Oh, scheiß drauf. As the German’s would say — Nicht, um alle jüdischen darüber oder anothing …. ABER!

Oy Vey…..

Go read this one, it’s big. 😯

QOTD: Obama loses the NYT

WOW….just Wow… 😯

Within hours of the disclosure that the federal authorities routinely collect data on phone calls Americans make, regardless of whether they have any bearing on a counterterrorism investigation, the Obama administration issued the same platitude it has offered every time President Obama has been caught overreaching in the use of his powers: Terrorists are a real menace and you should just trust us to deal with them because we have internal mechanisms (that we are not going to tell you about) to make sure we do not violate your rights.

Those reassurances have never been persuasive — whether on secret warrants to scoop up a news agency’s phone records or secret orders to kill an American suspected of terrorism — especially coming from a president who once promised transparency and accountability.

The administration has now lost all credibility on this issue. Mr. Obama is proving the truism that the executive will use any power it is given and very likely abuse it. That is one reason we have long argued that the Patriot Act, enacted in the heat of fear after the 9/11 attacks by members of Congress who mostly had not even read it, was reckless in its assignment of unnecessary and overbroad surveillance powers.

Poop, meet fan.

Others: Alan Colmes’ Liberaland, Politico, BuzzFeed, Yahoo! News, Washington Post, Hit & Run, The Monkey Cage, Washington Wire, The World’s Greatest …, The Daily Caller, Law Blog,VentureBeat, Business Insider, Mediaite, The PJ Tatler, Washington Free Beacon, Hot Air, Weasel Zippers, The Huffington Post, Salon, ComPost, The Week, Guardian, NO QUARTER USA NET, First Read, Mashable, American Spectator, New Republic, msnbc.com, Washington Monthly, Daily Kos,The Atlantic Wire, Firedoglake, TechCrunch, The Maddow Blog and Library of Law & Liberty – Via Memeorandum

The US continues spying on phones under Obama

There are a ton of opinions on this subject and we’ll get to those in a moment.

But first the story:

The National Security Agency is currently collecting the telephone records of millions of US customers of Verizon, one of America’s largest telecoms providers, under a top secret court order issued in April.

The order, a copy of which has been obtained by the Guardian, requires Verizon on an “ongoing, daily basis” to give the NSA information on all telephone calls in its systems, both within the US and between the US and other countries.

The document shows for the first time that under the Obama administration the communication records of millions of US citizens are being collected indiscriminately and in bulk – regardless of whether they are suspected of any wrongdoing.

The secret Foreign Intelligence Surveillance Court (Fisa) granted the order to the FBI on April 25, giving the government unlimited authority to obtain the data for a specified three-month period ending on July 19.

Under the terms of the blanket order, the numbers of both parties on a call are handed over, as is location data, call duration, unique identifiers, and the time and duration of all calls. The contents of the conversation itself are not covered.

via NSA collecting phone records of millions of Verizon customers daily | World news | The Guardian.

But, there is a big difference this time:

Under the Bush administration, officials in security agencies had disclosed to reporters the large-scale collection of call records data by the NSA, but this is the first time significant and top-secret documents have revealed the continuation of the practice on a massive scale under President Obama.

The unlimited nature of the records being handed over to the NSA is extremely unusual. Fisa court orders typically direct the production of records pertaining to a specific named target who is suspected of being an agent of a terrorist group or foreign state, or a finite set of individually named targets.

Which sounds about right for the Democrats, because they are perfectly fine with Government of a massive scale.

Now there are two very important opinions on this subject that I want you to see. They are same political slant; however, the opinions are very different. Please go check out Michelle Malkin’s take and Ed Morrissey’s take on this subject. While I agree on Michelle Malkin’s assessment, I really do not agree with her narrative at all. If you are smart and read her a good deal, you will know what I am talking about.

Now there is one thing that Ed Morrissey wrote that I, as an Independent, and someone who believes that the war on terror is a very real thing and that we should at least try to keep America safe, without trampling on our constitutional rights. I believe this to be very true and very profound statement coming from someone like Mr. Morrissey:

Hypocrisy is an unfortunately ubiquitous condition in politics, but in the case of NSA seizing Verizon’s phone records, it’s particularly widespread. Some of the people expressing outrage for the Obama administration’s efforts at data mining had a different attitude toward it when Bush was in office. Conversely, we’ll see some people defending Obama who considered Bush evil incarnate for the same thing.

Either way, we’re left with the situation of having the federal government seizing private records without any meaningful civil due process that engages the citizens affected, whether that includes actual wiretaps or just cataloguing our calls and movements. Perhaps this will move this issue out of the partisan sphere and into a common ground in which we can all work to define exactly how far we’re willing to go in trading privacy for security. In order to get there, we’d all better recognize the hypocrisy that has abounded on this issue for far too long, and start thinking about higher principles than party affiliation when it comes to national security and constitutional protections.

Now that last part that I underlined, is something I wholeheartedly agree with. When the story broke about Bush and Co. came about the wiretaps, I remember Keith Olbermann doing a special comment on it and I admired him for standing up. Now, where’s Keith? Where are the liberals who thought that this was much too intrusive? Where are they now? Anyone? Anyone? Bueller? Bueller?

My hat tip goes to Glenn Greenwald for putting principles over partisanship and getting this story to the masses. Glenn has been about the only liberal who has stood up and pointed out that Obama Administration has continued the policies of the George W. Bush Administration and in some cases; like this one here — has expanded them to an alarming degree. Yes, this is overreach and it is alarming and I do hope the Congress does something about it.

Others: Hullabaloo, Yahoo! News, Washington Wire, Washington Monthly, New York Times,ThinkProgress, Politico, Firedoglake, BuzzFeed, CNN, Forbes, Joshua Foust, The World’s Greatest …, msnbc.com, The Atlantic Wire, JustOneMinute, American Spectator, Democracy in America,WorldViews, TIME, Business Insider, Examiner, The Fix, News Desk, Associated Press, New Republic, Daily Kos, The Maddow Blog, Mashable, Wake up America, Wonkblog, The Huffington Post, Taylor Marsh, The Volokh Conspiracy, Mediaite, Electronic Frontier Foundation, Library of Law & Liberty, Moon of Alabama, The Daily Caller, TechCrunch, Wall Street Journal, Engadget, Betsy’s Page, Patterico’s Pontifications, AllThingsD, Outside the Beltway, Post Politics, Informed Comment,Nice Deb, Real Clear Politics, Wired, The Gateway Pundit, The Week, Illinois Review,AMERICAblog, Pirate’s Cove, CANNONFIRE, VentureBeat, No More Mister Nice Blog, First Read,Prairie Weather, The PJ Tatler, Telegraph, The Hinterland Gazette, Alan Colmes’ Liberaland, Weasel Zippers, Jammie Wearing Fools, GigaOM, Corrente, The Spectacle Blog, Gawker, Boing Boing, The Raw Story, Shakesville, Secrecy News, The Verge, Conservatives4Palin, susiemadrak.com, Sense of Events, Taegan Goddard’s …, Le·gal In·sur·rec· tion, The BLT, emptywheel and Overlawyered Via Memeorandum

UPDATED – It’s official: The Obama Administration is in deep trouble and I am done defending them

My friends, I was very, very wrong and for that, I am terribly sorry. 🙁

I said that I believed that the entire Benghazi, Libya debacle was over-hyped by the Republicans; and I still believe that, to a point.

However, there are many things that have come up since then, which I simply cannot defend.

They are:

The IRS targeting Jewish groups. – I mean, honestly, what the hell were the IRS and Obama’s people thinking when they let this one happen?
IRS targeting Conservative groups in Washington and Elsewhere. — Did they not know that this would be exposed?
DOJ going after the AP – This is borderline Watergate, so says a watergate player. — Again, what the hell were these people thinking?

My friends, the “Giving the benefit of the doubt” of the President and his Administration by this writer and blogger are over. There is no doubt in my mind that the Obama administration; much like the Administration of George W. Bush, became consumed with a lust for power and abused and exploited the office of President of the United States and the instruments of Governmental office for political purposes.

I leave you with two videos:

Update: Better clip via The American Spectator:

The Democrats have screwed themselves out of ever winning an election; for like oh, maybe the next 2 major election cycles. This is the sad part, Obama and his Administration promised Americans that he would be a clean break from the policies and practices of President George W. Bush and his Administration and sadly, it turns out that Obama and his Administration are just as bad; if not even worse. As I wrote before, it is sad ending to a Presidency that offered so much to give; but ended up delivering little or nothing at all, in the realm of change.

It is going to be a long, hot, nasty, political summer for America, Americans, Black Liberal Americans and for Washington D.C.. I just hope that cool heads prevail. But, I really do fear the worst in yet to come.

Blogger Round Up #1: (via) Yahoo! News, JustOneMinute, Michelle Malkin, New York Times, Sunlight Foundation Blog, BBC, Wall Street Journal, Right Turn, waysandmeans.house.gov, Hot Air, The Week, The Daily Caller, The Hill, Daily Kos, First Read, The Maddow Blog, PostPartisan, The Fix, White House Dossier, The Other McCain, Betsy’s Page, Da Tech Guy On DaRadio Blog, Scared Monkeys,msnbc.com, Obsidian Wings, Weasel Zippers, Jammie Wearing Fools, Twitchy, National Review,The Lonely Conservative, Power Line, Conservatives4Palin and CBS DC

Blogger Round Up #2: (via) Yahoo! News, Washington Monthly, BuzzFeed, The Week, Associated Press, Hit & Run,News Desk, Fox News, Open Channel, msnbc.com, emptywheel, Guardian, WorldViews, Patterico’s Pontifications, The Huffington Post, No More Mister Nice Blog, USA Today, The Hill, Weekly Standard, Poynter, The Daily Caller, The Volokh Conspiracy, Erik Wemple, ThinkProgress, Right Wing News, Taylor Marsh, Scared Monkeys, Addicting Info, americanthinker.com, CNN,CANNONFIRE, The BLT, PJ Media, NO QUARTER USA NET, The Moderate Voice, The Hinterland Gazette, NationalJournal.com, Hot Air, Washington Free Beacon, Washington Examiner, Wired,Politico, Weasel Zippers, Gawker, THE DEFINITIVE SOURCE, Hullabaloo, Ed Driscoll, The Verge,The Gateway Pundit, SPJ News, The PJ Tatler, National Review, National Republican …, Philly.com,Mother Jones, Le·gal In·sur·rec· tion, Sister Toldjah, Outside the Beltway, Wonkette, TalkLeft andLawfare, more at Mediagazer »

Update #1: Franklin Graham says they were targeted. Those rat bastards have no shame at all. 😡

Update #2: Obama Admin’s IRS targeted reporter who gave hard interview.

Update #3: I am just going to say this and get it off my chest:

IMPEACH THE FUCKER AND GET IT OVER WITH!

Roundup #3: The Gateway Pundit, Sister Toldjah, Weasel Zippers, Washington Free Beacon, Rule of Law, BuzzFeed, ViralRead, Jammie Wearing Fools,The PJ Tatler, VodkaPundit and Hot Air

It Begins: Evangelical Christians and the Catholic Church listed in Army training slide as extremists

This is something to put everyone on alert:

A U.S. Army training instructor listed Evangelical Christianity and Catholicism as examples of religious extremism along with Al Qaeda and Hamas during a briefing with an Army Reserve unit based in Pennsylvania, Fox News has learned.

“We find this offensive to have Evangelical Christians and the Catholic Church to be listed among known terrorist groups,” said Ron Crews, executive director of the Chaplain Alliance for Religious Liberty. “It is dishonorable for any U.S. military entity to allow this type of wrongheaded characterization.”

Material presented to soldiers at training session.

The incident occurred during an Army Reserve Equal Opportunity training brief on extremism. Topping the list is Evangelical Christianity. Other organizations listed included Catholicism, Al Qaeda, Hamas, the Ku Klux Klan, Sunni Muslims, and Nation of Islam.

The military also listed “Islamophobia” as a form of religious extremism.

via Army Labeled Evangelicals as Religious Extremists | FOX News & Commentary: Todd Starnes.

Of course, when caught, the Army quickly raced to cover its butt:

Army spokesman George Wright told Fox News that this was an “isolated incident not condoned by the Dept. of the Army.”

“This slide was not produced by the Army and certainly does not reflect our policy or doctrine,” he said. “It was produced by an individual without anyone in the chain of command’s knowledge or permission.”

Wright said after the complaint was lodged, the presenter deleted the slide, and apologized.

“We consider the matter closed,” he said.

The incident was made public by a soldier who attended the briefing. He asked for copies of the presentation and sent them to the Chaplain Alliance.

“He considers himself an evangelical Christian and did not appreciate being classified with terrorists,” Crews told Fox News. “There was a pervasive attitude in the presentation that anything associated with religion is an extremist.”

Which is the story they always tell the public, when they do something and get caught doing it. I just wonder how long it will be, if the Lord tarries; before the United States Government will begin rounding up those who dare to read from the King James Version of the Bible and start imprisoning those Pastors who dare to preach that homosexuality is a sin and that abortion is murder. I think it will happen, before the Lord’s return myself. Why with the Anti-Defamation League — a leftist Jew-run organization; doing the bidding of the Obama Administration, it is a wonder now that Fundamentalists like myself are not in prison.

It goes without saying that we are in the last days. Things like this, are going to become more and more prevalent and will the norm eventually. As Jesus said, “Watch ye and Pray.” and that my friends, is all that we can really do. Watch and pray and be about our Father’s business; and wait for his blessed return.

Others: Atlas Shrugs, Jihad Watch and Weasel Zippers

One of them bitter-clingers from Tennessee posts his love for Guns on facebook, Liberals pee themselves

Yes, that title is supposed to be ironic and kind of funny too.

It seems that a young man running for Congress for the State of Tennessee is in hot water with the liberal left.

The Video:

WKRN, Nashville News, Nashville Weather and Sports

The story via WKRN in Nashville:

NASHVILLE, Tenn. –
Republican U.S. Congressional candidate Brad Staats continues to defend a controversial Facebook post.

Brad Staats posted a picture of a handgun along with the statement, “Many people keep asking me about my opinion on Second Amendment rights. Apparently Tennesseans are part of that crazy crowd that Obama says cling to their religion and guns. Well then I must be part of that crazy crowd. Here is something that I usually have with me. Welcome to Tennessee Mr. Obama where we appreciate our [Second] Amendment rights and the constitution that was wisely given to us by our founding fathers.”

At a Lipscomb University event on Monday night, Staats told Nashville’s News 2, “I’m going to say what I mean and mean what I say and I want Tennesseans and Americans to know that I’m not going to back up on what I say.”

Staats said the Facebook post was never meant to be an attack on the president but it is in reference to the recently passed U.N. Small Arms Treaty.

“I do want President Obama to know as well as the rest of Congress and everyone else regarding our constitutional, rights don’t tread on America’s constitution,” said Staats. “I think that your liberties, your life can be defended by the proper instructed use of a handgun.”

Staats said his strong stance on handguns stems from his mother’s own personal experience.

He said, “She would have either been raped or murdered had she not had a handgun in her car she actually got ran off a road and it was obvious she was getting ready to be assailed.”

It is a fair defense and I would have done the same damned thing. There was no threat implied at all; this is a tactic of the liberal left and yes, the Neoconservative right (AKA FAKE!) does the same damned thing too. They call threat, anytime someone posts a pic of a gun or other related matter and the name Obama. It is a disgrace and when this stuff happens the first amendment is being trampled upon. How many times did people have signs saying “Kill Bush?” Plenty.

So, this whole thing is a bad joke and the liberal left knows it. They say “But, oh! He’s black!” I got one thing to say about all that: Big ‘effin’ deal. The truth is, the President has more security around him, than Bush ever did, so the chances of him being shot and killed is slim to none. Unless someone seriously screws up at the secret service, which will never happen.

For your reading pleasure: Here is a roundup of idiot liberals who are saying that this evil bitter-clinger ought to be in prison for blaspheming the might “one” who came in the name of progressivism:

The Raw Story, Tennessean.com, theGrio, Alan Colmes’ Liberaland,Crooks and Liars and Gawker

Anti-Jihad Bloggers fighting the fight of freedom in NYC

Pamela Geller: A very pretty Lady. But, if you mess with her; she will rip your liver out and feed it to you on bread with mustard! O_o I pity the poor towel-head, er, um, I mean…. Radical Muslim that tries to tangle with her. If there ever was a “Super-Jew” superhero type, it is this woman right here. Ain’t no Christian that I know of, that has the guts and the strength. 😀

I really do not write about the struggle against radical Muslims and Jihad on this blog; mainly because it is not the focus of this blog. Oh, I will cover something that is big in the headlines about the subject, but I do not solely blog about that subject.

Anyhow, it seems that one of biggest Anti-Jihad warriors in NYC is causing a stir with the Anti-Jihad ads that she has put up in NYC subways is resulting in the haters coming out of woodwork and getting arrested. I do not write about Pamela Geller often, because I really do not know how she quite honestly feels about me; and by that I mean, I do not know if she is buying all the stupidity being written about me or not.

However, I will say this here: I do admire her courage to do what she is doing. I mean, it is one thing to sit and write on a blog; and rip liberals a new one every day. But, it is a whole other world, to literally do the things that she is going. She is in the big fight — the big show, if you want to call it that; when it comes to stuff like this and I admire her for it.

Also too, for those who might think that Geller is simply doing this for a quick buck or something silly like that; allow me to say this: Pamela Geller without question is one of more outspoken voices of the Anti-Jihad movement, there is no doubt about that at all. This is why I have her in my blogroll. However, there is a reason why she is doing what it is that she is doing. She is fighting the fight against radical Islam and Jihad for people like me, who sit here and write against the actions of our Government, whether it be Republican or Democratic Party controlled.

Because if the truth was known folks; if those beltway cretins, from both parties, had their way, the first amendment would be modified to get rid of the non-corporate sites, and yes, that includes bloggers like me. Furthermore, if the liberal left had anything to say about it; Conservatives would have no right to free speech at all. No religions would be criticized at all. Free speech would be chilled to the bone. Heck, Liberal Democrats, like FDR had a “fairness doctrine” in place in broadcast media for years! Why? Because they did not like dissent at all. Thankfully, in the 1980’s; President Ronald Reagan removed that law and now broadcast media is free to express itself and Democrats are open to full dissent in the media. Fox News channel being a great example of that.

In closing: To Pamela Geller, I simply say this: I admire you kid. Keep fighting the good fight. It is people like Geller that inspire me to continue doing what I do; despite the fact that there these half-dead vultures who continue to circle this blog and just wait for me to do something that they feel is wrong. Just so they can go and write something about me on some stupid blog somewhere. I have said this a million times on this blog and on my old one. This blog has never, ever been about me at all. I do not do this for any sort fame or to be recognized at all. I simply write the truth as I know it to be and tell the truth about the neo-liberal left and how they have destroyed the once honorable Democratic Party and how now they are trying to destroy America and its very foundations. If in the process of me doing this, a few persons who traffic in identity politics on the left or the right get their feathers ruffled —- tough crap! I have never been one to have any sort of patience for political correctness. This is why I write in the style that I do. This is also why there are people out there who simply do not like me at all. Which comes with territory, and I am perfectly fine with that. I have my political positions and I realize that not everyone is going to agree with me.

So, to Pamela Geller, go get ’em gal and don’t let the bastards on the left or the right get you down.

Here is a song for the warriors like Pam Geller and those like her fighting the fight:

http://www.youtube.com/watch?v=4RNYZTDLqwI

Others: Guardian, Atlas Shrugs, New York Magazine, Jihad Watch, Belmont Club and Jammie Wearing Fools, Jihad Watch

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