I Have a Secret

Very disturbing: http://www.youtube.com/watch?feature=player_embedded&v=ajkAP_M4ZAM#at=60

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Ben Bernanke, The Fed Chairman held a news conference for the first in it’s history. Be Afraid Be very Afraid.

If the Fed is resorting to explaining itself in a press conference, you know we are in the doo-doo big time.

“The markdown of growth in 2011, in particular, reflects the somewhat slower than anticipated pace of growth in the first quarter,” Bernanke said in prepared remarks before he took reporter questions.

The U.S. dollar fell to a fresh 3-year low against major currencies while Bernanke spoke.

Politics, re-election, and The Fed’s policies. A Lethal combination??

U.S. economic growth slowed more than expected in the first quarter as higher food and gasoline prices dampened consumer spending, and sent a broad measure of inflation rising at its fastest pace in 2-1/2 years.

Political Cartoons by Eric Allie

As usual, Paul Krugman is leading the liberals to the briar patch, calling death panels a necessity to help balance the budget. In a roundtable discussion on ABC’s “This Week,” Krugman said of what recently came out of the president’s deficit commission: “Some years down the pike, we’re going to get the real solution, which is going to be a combination of death panels and sales taxes.” He also said, “Medicare is going to have to decide what it’s going to pay for. And at least for starters, it’s going to have to decide which medical procedures are not effective at all and should not be paid for at all. In other words, [the deficit commission] should have endorsed the panel that was part of the health care reform.”

Once Krugman pulled back the curtain, other liberals started talking about the “lie of the year.”

Writing for the Atlanta Constitution, Jay Booker admitted that death panels exist and defended their goals in a column entitled “Why ‘Death Panels’ are a necessary evil.” He said:

By law, the panel is prohibited from recommending health-care rationing; its role is simply to find the most cost-effective approaches to health care, with Congress given the power to override its decisions.

Inevitably, that proposal revived talk of “death panels.” It’s an emotionally powerful phrase, but only because it strips things down to uncomfortable truth: Death panels exist, they will exist in any conceivable system of health-care delivery, and we all know they are necessary but prefer to ignore it.

The only problem is, when it comes to medicine, what works for someone else may not work for you. But if the IPAB deems something unworthy of payment, it doesn’t matter that your doctor thinks is may work for you. You won’t get it, unless you’re wealthy and can pay for it yourself.

Leftist columnist Cynthia Tucker also joined the crusade, proclaiming: “Yes, we need death panels.” In Tucker’s world, the government would pick winners and losers in the health care arena. She writes, “If we keep spending our health care dollars disproportionately on the elderly, we will have little left to spend on children. That makes for an upside-down society that cannot thrive for long.” Kids win. Seniors lose.

These liberals are giving cover to the bureaucrats who are beginning to implement their vision of a new health care system in America. While this may seem a ways away, the bureaucrats at the FDA are already moving to deny the cancer drug Avastin to breast cancer patients. This is just the fist volley in the fight over rationing, and the IPAB hasn’t even started yet.

MASSACHUSETTS VOTES TO CUT COLLECTIVE BARGAINING!

Oh here’s news you probably won’t here on the Mainstream Liberal media:

Government-sector collective bargaining reform: When the Republican dictator Governor of Wisconsin accomplishes it with a series of high-profile votes, all hell breaks loose.  When the Democrat-dominated Massachusetts House passes it by a huge margin — crickets:

House lawmakers voted overwhelmingly last night to strip police officers, teachers, and other municipal employees of most of their rights to bargain over health care, saying the change would save millions of dollars for financially strapped cities and towns.

The 111-to-42 vote followed tougher measures to broadly eliminate collective bargaining rights for public employees in Ohio, Wisconsin, and other states. But unlike those efforts, the push in Massachusetts was led by Democrats who have traditionally stood with labor to oppose any reduction in workers’ rights.

DeLeo said the House measure would save $100 million for cities and towns in the upcoming budget year, helping them avoid layoffs and reductions in services. He called his plan one of the most significant reforms the state can adopt to help control escalating health care costs.

“By spending less on the health care costs of municipal employees, our cities and towns will be able to retain jobs and allot more funding to necessary services like education and public safety,’’ he said in a statement.

But union leaders said that even with the last-minute concessions, the bill was an assault on workers’ rights, unthinkable in a state that has long been a bastion of union support. Some Democrats accused DeLeo of following the lead of Governor Scott Walker of Wisconsin and other Republicans who have targeted public employee benefits

By the looks of that quote in bold, it seems as though Speaker DeLeo hired Scott Walker’s speechwriter.  Meanwhile, the Bay State’s liberal Democratic Governor, Deval Patrick, has lent some mild support to the measure and is urging incensed labor leaders to “dial down” their heated rhetoric in opposing the bill:

There’s “room for debate” about whether a House-passed bill gives labor unions enough of a seat at the table on health insurance issues, Gov. Deval Patrick said today, adding that he’s glad the House dealt with the controversial topic and hopes to see a final bill soon.

“I want labor to be involved,” Patrick told reporters after signing a financial literacy bill. “I want labor to be at the table.”

The governor also urged labor unions, who are comparing the House plan to the stripping of collective bargaining rights that has occurred in Wisconsin, to pull back on their commentary. “They should dial it down because that’s not what’s happening here,” said Patrick, who plans to visit Wisconsin on Saturday at the invitation of Democrats in that state to discuss collective bargaining issues.
True, the Wisconsin law limits the scope of government-sector employees’ collective bargaining privileges to wages, whereas the Massachusetts law only constrains the public unions’ ability to collectively bargain on healthcare benefits.  But the Wisconsin law exempted unions representing first responders from the new rules; the Massachusetts has no such carve-outs. 

After Gov. Walker signed his controversial bill into law, lefty commentators predicted that his actions would trigger a powerful pro-labor backlash across the country.  No dice.  Wisconsinites re-elected a conservative supreme court justice in the face of intense left-wing opposition, Ohio passed a more expansive measure, and now deep blue Massachusetts has taken a major step to do the same.  It’s amazing what a little political courage can do.

UPDATE: In case you’re curious about just how blue Massachusetts is, the state House is currently comprised of 128 Democrats and 32 Republicans.  All but two of the GOP lawmakers voted with the Speaker’s plan.  Theoretically, every single Republican in the chamber could have voted no, and the bill still would have passed comfortably.

Soo…shh..It’s a secret…

Just like Bernanke working to get Obama re-elected regardless of the harm and the inflation it will cause… 🙂

Political Cartoons by Steve Kelley

Political Cartoons by Michael Ramirez

Hu Dat?

Chinese President Hu Jintao emphasized the need for cooperation with the U.S. in areas from new energy to space ahead of his visit to Washington this week, but he called the present U.S. dollar-dominated currency system a “product of the past” and highlighted moves to turn the yuan into a global currency.

The Chinese pouch our industrial base because Liberals hate business and make regulations, ObamaCare, and are just generally hostile to business so they go to China to compete in the world economy and they get it from the Chinese too, but they can’t come back because the Liberals will just sack them if they do.

The “soak the rich”, “CEO’s are evil”, “Corporate fascism” of the Left has consequences.

Class Warfare has consequences.

So China has our debt. Our Industrial Base. And now they want to be the big Dog.

And what will President Obama do about it?

Likely bow and apologize and grovel. Be “reasonable”.

We aren’t any better than them, we are all equal.

I guarantee the Chinese don’t think so.

On the economic front, Mr. Hu played down one of the main U.S. arguments for why China should appreciate its currency—that it will help China tame inflation. That is likely to disappoint Washington, which accuses China of unfairly boosting its exports by undervaluing the yuan, making its products cheaper overseas. The topic is expected to be high on U.S. President Barack Obama’s agenda when he meets Mr. Hu at the White House on Wednesday.

They are the barbarian hordes who have come in an sacked the over-bloated, decadent, Roman Empire – US.

Mr. Hu’s responses reflect a China that has grown more confident in recent years—especially in the wake of the global financial crisis, from which it emerged relatively unscathed.

They don’t respect us. They just see us as the big target to pick off and if they can get others to value the Yuan over the Dollar as the universal currency stick a fork in US we’re done.

So what will the Liberals do about it?

Nothing. Why would they? We are no better than than them. They are no better than us. We aren’t special. We ARE Greedy. And Corporate America is EVIL.

We deserve it.

The Chinese are Wal-Marting us. They deliberately undersell to drive the smaller competition away (in this case to China, India — anywhere but here!).

He called for an international financial system that is more “fair, just, inclusive and well-managed.”

Sound like a Liberal does it?

Sound like we can do it better because we are smarter-than-you Liberalism?

Fascinating isn’t it?

“The current international currency system is the product of the past,” he said, noting the primacy of the U.S. dollar as a reserve currency and its use in international trade and investment. (WSJ)

Add to that 70%+ of our Oil comes from people who want us dead. And what is the Liberal response?

Oil Moratoriums, Drilling Bans, and State Park set-asides that prevent US from supplying our own oil.

After all, Oil is EVIL!

So the Liberals turn to their “feel good” ‘green jobs’.

The Department of Labor has issued several million dollars in grants to community colleges and specialized universities around the country to train students for “green jobs” in renewable energy fields. While the grants are supposed to fund the future “rank and file” workers of the renewable energy industry, there’s a glaring problem the DOL seemingly overlooked — those jobs are either non-existent or scarce.

A former college official who has applied for these grants and has in-depth experience working with the Department of Labor and the Department of Education told The Daily Caller that colleges will often fudge expected job placement numbers just to get extra government cash.

“On ground level – it’s a real struggle – my grant writers came to me and honestly said, ‘I don’t have any job projections, what do I tell them?’ You do your best to make up job numbers,” said the former college official, who wished to remain anonymous to prevent jeopardizing future job opportunities. “But it’s not like lying – it’s just guessing what we might be able to do in a best case scenario, but you don’t say it’s not likely for many jobs.”

The former college official told TheDC that, though his college received five different “green jobs” grants from the Department of Labor to train students, no program has been set up yet.

They’re being given to universities and community colleges to train students in technical or associate degree programs to work in yet-to-be-developed fields. Many of the grants are promised to colleges that pledged to push “green jobs” or “new energy technology,” but don’t go into much more detail about how they plan to go about doing that.

That’s ok, when they graduate with their head full of liberal ‘green’ mush they can stay on unemployment for 99 weeks. Stay on their parent insurance dole until 26. And then apply for welfare from the state because they can’t find a job and blame it all on evil Corporate America!

But they will have Obamacare!

Or they could go to China and get a job there. 🙂

So what, it “feels good”!! And it’s not evil Corporate America!!

But even plants that make solar panels (see – http://blogs.forbes.com/williampentland/2011/01/17/u-s-solar-manufacturer-to-u-s-taxpayers-drop-dead-2/?boxes=financechannelforbes) move to China to compete.

“Solar manufacturers in China have received considerable government and financial support and, together with their low manufacturing costs, have become price leaders within the industry,” said Michael El-Hillow, President and Chief Executive Officer, about the company’s decision. “While the United States and other western industrial economies are beneficiaries of rapidly declining installation costs of solar energy, we expect the United States will continue to be at a disadvantage from a manufacturing standpoint . . . Although production costs at our Devens facility have steadily decreased, and are now below originally planned levels and lower than most western manufacturers, they are still much higher than those of our low cost competitors in China.”

After all, the Chinese have the world’s largest collection of solar panel manufacturers. 🙂

So China is making our Over-expensive, not-yet proven-to-be-efficient wave of the future hippie-liberal ‘green tech’  and our “green jobs”.

Talk about “shovel ready”.

They are just Chinese shovels!!

So we have very little industrial base. We have little domestic oil and energy production and our own companies leave because they can’t be competitive here.

Thank you, Class Warfare and Environmentalist  Whacko Liberals!

Mad yet?

You should be.

But don’t tell the Liberals, they will just have go off in a fit of rage and burst a few blood vessels and have a conniption about the evils of Corporate America, Oil, Wal-Mart, and Big Oil!

They’ll even foam at the mouth and spit poison! 🙂

But don’t worry, The Chinese will undoubtely come up with a cheaper solution for that too.

Just as the Visigoths did. But the big difference is that the Liberals will be handing out the torches!

After all, it’s George W. Bush’s, Palin, Beck, Limbaugh, Republicans, “The Rich”, Conservative’s  Fault! 🙂

Political Cartoon

Political Cartoon