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Dangerous Times: Milton Friedman just won his euro bet

Even as President Obama is following in Eurosocialist footsteps, the 14-year utopian experiment on a single currency is collapsing. The architect of the euro just ran up the white flag on the biggest policy mistakes in history. Former German Finance Minister Oskar Lafontaine called his own brainchild a “catastrophe“.

“The economic situation is worsening from month to month,” he wrote on his Left party blog. “unemployment has reached a level that puts democratic structures ever more in doubt.”

“Catastrophe” is the right word.

Today Greece is suffering more than 50% unemployment. That’s worse than the Great Depression in the US.  This winter in Athens, people cut down the trees in the city parks for firewood.  They couldn’t afford to buy heating fuel.  The resulting wood smoke created the worst smog in decades, obscuring even the Parthenon.  About half of the younger people are leaving the country.

Ireland, Spain, and even France are in distress.  The Netherlands economy is the worst in half a century. Only Germany is still going strong, and that fact is creating deep resentment. Germany can afford the euro. Other countries can’t.  The industrious Germans make the euro expensive, while being shackled to the same currency makes Greek and Italian exports harder to sell. A single, one-size-fits-all currency can’t adjust to market conditions in widely varying spocieties and economies

Milton Friedman predicted this outcome, based on his life’s work in economics. Forbes wrote an article last year, called, Happy Birthday, Milton Friedman, The European Crisis is Your Latest Vindication.

“July 31st (2012) was Milton Friedman’s 100th birthday, and his birthday present is to watch the ‘European Project’ come crashing to the ground, just as he predicted that it would. I doubt that it gives him any pleasure. In fact, Friedman told Robert Mundell (the ‘Father of the Euro’) that since the experiment had already been entered into, he hoped that he would turn out to be wrong. But he hasn’t been.”

For econophiliacs, the detailed debate between Friedman and Mundell can be found here.

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OBAMA NEGLIGENT, BENGHAZI HEARINGS REVEAL [What the Hearings Mean]

“Obama never tried, U.S. diplomats died.” Shocking lies by the Obama Administration over Benghazi were unmasked on May 8. Testimony about the September 11 terrorist attacks on the U.S. Consulate in Libya were heard by the House Committee on Oversight and Government Reform, led by Congressman Darrell Issa (R-CA).

Some of what was expected did not materialize. Other bombshells turned out bigger. Clearly, we still do not know everything. Jaw-dropping topics are being discussed by other conservative journalists.

First, Gregory Hicks is the only person so far to speak in public about these events who was actually in Libya at the time. Hicks was the Deputy Chief of Mission in Tripoli, Libya – that is, Deputy Ambassador. As soon as Ambassador Chris Stevens died, Hicks became Acting Ambassador to Libya.

However, we still have not heard from anyone who was in Benghazi during these events. The 30-40 survivors are still in mysterious seclusion. Their eyewitness accounts will offer future revelations.

Second, Hicks dropped a bombshell: The USA never asked Libya for permission to fly through Libyan airspace to defend the Consulate in Benghazi. The Obama Administration never intended to come to the defense of Ambassador Stevens. Hicks – fluent in Arabic and familiar with Libya’s government – testified that Libya would have granted permission.

Congressman Jason Chaffetz (R-UT) keeps reminding us that no one knew how long the attack would last. In fact, it was 3 days later when the Embassy staff in Tripoli returned from evacuation at an annex. So at the time, U.S. F-16’s might still have been needed long past the first 7 hours. Hicks confirmed that he thought the situation was still dangerous for 3 days. Yet the U.S.A. never requested Libyan permission in case U.S. aircraft might be needed.

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Thanks For The Bailout, Suckers! GM Builds A New Plant In China!

GM in China

As a general rule, corporations should be able to build plants where they want, whether it’s in America or elsewhere. Moreover, if they choose to go overseas, we should be asking, “Why is that?” Are our corporate taxes too high? Do we have too many regulations? Is there something else that we can do as a nation to be more business-friendly, to keep building plants here in America, so that we can employ more people and rake in more taxes?

However, it’s a little different with a company like General Motors.

Taxpayers lost more than 10 billion bailing out GM because Obama thinks it’s fine for his corporate allies to embrace capitalism on the way up and socialism on the way down. Now, GM’s taking some of that money that it pilfered from us and it’s building a plant in China with it.

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Pope Francis’ First Crisis? Defiant Archbishop Refuses to Quit (Pedo Protecting, pro-homo priest wont go away!)

PHOTO: On several occasions the Vatican has asked Puerto Rican Archbishop Roberto Gonzalez Nieves to leave his post. But supporters of the archbishop have organized several meetings to pray for his continuity.

The new pope’s first crisis is not related to the Church’s controversial position on contraceptives or proposals for female clergy. Rather, Pope Francis’ first major quandary is getting rid of a Puerto Rican archbishop who, despite the Vatican’s numerous requests, has repeatedly refused to step down.

The source of Pope Francis’ current ordeal is Roberto Octavio González Nieves, the outspoken Archbishop of San Juan, who has been accused by Vatican emissaries of allegedly protecting pedophile priests, abusing his power, promoting Puerto Rican independence from the U.S., and supporting a law that could grant same-sex couples living together hereditary rights and health benefits, according to the Vatican Insider.

González Nieves was confronted by Cardinal Marc Ouellet, the current prefect of the Congregation for Bishops, and denied the allegations during a tense meeting in Puerto Rico on December 15, 2012. In the course of the discussion, the Vatican envoy subtly asked González Nieves to resign and to ask the Church for a new position elsewhere.

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Chris Christie: ‘I’m a damn good Republican’ (Delusional Blimp Alert!)

New Jersey Gov. Chris Christie is swatting down criticism from GOP ranks that he isn’t conservative enough, saying in an interview airing Friday that he’s a “damn good Republican.”

“Is it a fair question to ask that if you ran as a Republican for president of the United States, what Republican Party do you see that would support your candidacy out there right now? How would you survive a primary process on the current set-up of the Republican Party?” NBC’s Brian Williams asked Christie, who is considered to be mulling a 2016 run.

“Listen, I think very well. I’ll worry about the presidency if and when I ever decide to run for it. But if you’re saying to me, ‘How do I feel as a Republican?’ I’m a damn good Republican and a good conservative Republican who believes in the things that I believe in,”

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Benghazi Talking Points Underwent 12 Revisions, Scrubbed of Terror Reference

gty benghazi dm 130425 wblog Exclusive: Benghazi Talking Points Underwent 12 Revisions, Scrubbed of Terror Reference

When it became clear last fall that the CIA’s now discredited Benghazi talking points were flawed, the White House said repeatedly the documents were put together almost entirely by the intelligence community, but White House documents reviewed by Congress suggest a different story.

ABC News has obtained 12 different versions of the talking points that show they were extensively edited as they evolved from the drafts first written entirely by the CIA to the final version distributed to Congress and to U.S. Ambassador to the U.N. Susan Rice before she appeared on five talk shows the Sunday after that attack.

White House emails reviewed by ABC News suggest the edits were made with extensive input from the State Department.  The edits included requests from the State Department that references to the Al Qaeda-affiliated group Ansar al-Sharia be deleted as well references to CIA warnings about terrorist threats in Benghazi in the months preceding the attack.

That would appear to directly contradict what White House Press Secretary Jay Carney said about the talking points in November.

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Benghazi whistleblower hearing: A grand public service (From The Washington Post!)

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We’ve heard the official line of Obama administration officials. Benghazi happened “a long time ago.” Benghazi has been thoroughly investigated—all the questions have been asked and answered, all the key officials have given their on-the-record testimony. The media have had their chances to ask their questions.

If all that is true, then why did the testimony of Gregory Hicks before a House committee today provide such a riveting and enlightening picture of the events of Sept. 11, 2012? Hicks was the State Department’s deputy chief of mission in Libya that night. He would become the chief before the night was over, as U.S. Ambassador J.  Christopher Stevens, as well as three other U.S. personnel, perished in the attacks.

As House Oversight and Government Reform Committee Chairman Darrell Issa (R-Calif.) noted in the hearing, the public hadn’t heard direct testimony from “a single person who was in Libya that night.” He instructed Hicks to give a rundown of what happened the night of Benghazi, and to take his time.

Hicks complied, to towering effect.

His narrative toggled between events in Benghazi, where the attacks began around 9:30 p.m. local time, and events in Tripoli, where Hicks was based: “As I remember September 11, 2012—it was a routine day at our embassy.” Routine, that is, until word came of the upheaval at the U.S. Embassy in Cairo, at which point Hicks notified Stevens, in Benghazi, about the disturbing news.

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Cruz Seeks to Permanently Block Illegal Immigrants from All Welfare

Sen. Ted Cruz (R-TX) aims to block any illegal immigrant from ever receiving any state, local, or federal welfare or public benefits with a series of amendments to the immigration reform bill currently under review in the U.S. Senate.

Cruz has filed five amendments to the bill. The one currently marked “Cruz 2” on the Senate Judiciary Committee website (the amendments have not yet received official numbers) has a stated purpose to “provide that aliens who have entered or remained present in the United States while not in lawful status shall not be eligible for means-tested benefits.”

The amendment would insert language into the bill that specifically says no illegal immigrant who broke the law to enter or stay in the country “shall be eligible for any Federal, State, or local government means-tested benefit, nor shall such alien be eligible for any benefit under the Patient Protection and Affordable Care Act Pub. L. 111-148), regardless of the alien’s legal status at the time of application for such benefit.”

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Deluded ABC Newsman becomes “newswoman” (Must See Photo!)

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Published on: May 8, 2013

http://www.gopusa.com/news/files/2013/05/don_ennis.jpg

Top ABC News producer Don Ennis walked into his Manhattan office on Friday in a “little black dress” and a brunette bobbed wig and announced to colleagues that from now on, he would like to be known as Dawn.

The 49-year-old father of three said he’s splitting from his wife of 17 years to become a woman, or Dawn Stacey Ennis, as she is now known on her governmental records.

“Today I begin anew,” she wrote on her Facebook timeline, where she debuted a flirty new profile picture.

“Please understand: This is not a game of dress-up, or make- believe. It is my affirmation of who I now am and what I must do to be happy, in response to a soul-crushing secret that my wife and I have been dealing with for more than seven years, mostly in secret.”

Ennis said she suffers from an “unusual hormonal imbalance,” and blames her mother, who fed her female hormones as a child to prolong a commercial acting career. The hormones made the little boy look and sound young, but Ennis said she eventually developed breasts.

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thumbSen. Cruz Speaks on the Senate Floor Against Using Budget Tricks to Raise Taxes or the Debt Ceiling (Video)

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Published on: May 8, 2013

Sarah Palin: Tomorrow’s hearings on Benghazi will define the Obama presidency

Tomorrow’s hearings on Benghazi will define the Obama presidency if the truth is finally allowed to be told. I encourage everyone to tune in and hear the revelations that are long overdue. We’ll also see whether the president’s reliable lapdog cheerleaders in the media will continue to cover up for him and in so doing disgrace their profession. The following link is to something I posted way back on October 25th of last year asking questions that we should have had answers to long ago.

- Sarah Palin

 

There are many questions about the Benghazi attack that Americans deserve answers to. It’s been too long an “investigation” and too tragic for the families of lost loved ones for the White House and its friends in the media to ignore these questions:

- When and why did the YouTube trailer of the anti-Muhammad movie surface as any kind of credible reason for the attack?

- Where is the proof that that video was linked to Benghazi? It’s a weak excuse to claim some supposed rumored link between Benghazi and the attacks on our embassy in Cairo. Benghazi was very different. “Spontaneous” protestors don’t come armed with rocket-propelled grenades.

- What was the President’s response to the previous Benghazi embassy attacks in April and June? Why did officials ignore the requests for beefed up security to protect Americans after these attacks?

- Why did the Obama Administration assume a YouTube video was the reason for the Benghazi attack but not all the evidence to the contrary from the postings and emails that circulated that night in real time as the attack took place and Americans were being killed? And why weren’t those emails disclosed until this week?

- Why did the Obama administration spend our tax dollars to make and air television ads that ran in the Middle East apologizing for the YouTube video when they had so much credible evidence that it was nothing but a red herring?

- How much did President Obama know about this? In an interview he gave to CBS News on September 12, President Obama alluded to the fact that the Benghazi attack was not—as his U.N. Ambassador Susan Rice and other officials were characterizing it—a “spontaneous” protest triggered by the Cairo embassy attack and the video. He told CBS News in that interview, “my suspicion is that there are folks involved in [the Benghazi attack] who were looking to target Americans from the start.” If he suspected this then why did he allow his administration to continue blaming the attack on the YouTube video? And why didn’t CBS News call him out on this when his comments in their interview with him, which they didn’t air until a month later, belie the administration’s YouTube narrative?

Someone in the media must demand answers. Until the media does its job to give us the Who What Where When and Why of this cover-up, there will be even less trust for this “cornerstone of our democracy” – if less trust and respect for the media is even possible today. We sincerely want to be able to trust the media. We need to be able to trust them. Their job is so important, and we appreciate all the good journalists in America. Our troops fight to protect all our freedoms including the freedom of the press.

- Sarah Palin

Rand Paul On Rubio’s Immigration Plan: “To Me, It’s A Little Bit Like Obamacare”

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Published on: May 7, 2013

SEN. RAND PAUL: I am worried that the bill before us won’t pass. It may pass the Senate, may not pass the House. I want to be constructive in making the bill strong enough that conservatives, myself included, conservative Republicans in the House will vote for this because I think immigration reform is something we should do.

In this bill I am worried, though, and this is similar to what Senator [Ron] Johnson said, that it says, well, you have to have a plan to build a fence, but you don’t have to build a fence. And if you don’t have a plan to build a fence, then you get a commission. I don’t know what happens if the commission doesn’t do anything. That’s the story of Washington around here.

To me, it’s a little bit like Obamacare. And I hate to bring that up, but 1,800 references to the secretary shall at a later date decide things. We don’t write bills around here. We should write the bill. We should write the plan. We should do these things to secure the border whether it be fence, entry, exit, we should write it, not delegate it. What’s going to happen in five years if they don’t do their job — maybe not even them, maybe somebody else who doesn’t do their job in five years, and the border is not secured? We will be blamed for the next 10 million that come here illegally. (Senate Homeland Security Committee Hearing, May 7, 2013)

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Boehner says he ‘probably’ can’t support online sales tax bill

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Published on: May 7, 2013

Speaker John Boehner (R-Ohio) said Tuesday that he likely couldn’t support the online sales tax bill that the Senate passed this week, underscoring the challenge that supporters face in getting the measure through the lower chamber.

Boehner told Bloomberg Television that the Marketplace Fairness Act, which got 69 votes in the Senate on Monday, would heap a “big burden on some very small businesses.”

“I just think that moving this bill where you have 50 different sales tax codes, it is a mess out there,” Boehner said. “You are going to make it much more difficult for online businesses to be able to comply with it.”

The Speaker, in his most dismissive comments yet on the bill, also said “probably not” when specifically asked if he could support it, and noted once more that the bill would have to go through the House Judiciary Committee, where Chairman Bob Goodlatte (R-Va.) has outlined an extensive list of concerns about the bill.

Proponents of the online sales tax bill – including big box stores like Wal-Mart, the online giant Amazon and state governments – have said that they had momentum following the lopsided Senate vote, and that a bill could even get to President Obama’s desk this year.

The Marketplace Fairness Act, those groups say, would merely close a loophole exploited by online businesses, and could give states billions in needed extra revenue each year.

The bill would allow states to collect sales tax revenue whenever a resident made an online purchase from a U.S. retailer. Currently, states can only collect from businesses that have a physical location in that state.

But opponents of the group – including prominent small government organizations like Heritage Action and Grover Norquist’s Americans for Tax Reform – have long said that the measure would have a tougher time in the House. Those groups say the bill would open up online retailers to audits, and should be viewed as a tax increase on consumers.

Customers are generally supposed to report taxes from online purchases to their states, but rarely do.

U.S. city pays up for allowing Muslims to attack Christians

The city of Dearborn, Mich., has agreed to pay Christians who were arrested at its Arab International Festival in 2010, remove all criticism of them from a city website and post a public apology that will remain online for years, according to a legal team on the case.

The American Freedom Law Center said today that the settlement follows more than two years of court negotiations and resolves the Christians’ claims against the city.

It does not, however, remove the Dearborn Arab Chamber as a defendant in the case, which will continue.

The Christians were arrested in 2010 by city authorities for preaching peacefully to Muslims at the city festival.

Christian missionaries Nabell Qureshi, David Wood and Paul Rezkalla were jailed by the city June 18, 2010, and charged with “breach of the peace.”

Robert Muise, AFLC co-founder, represented the team in a five-day criminal trial in which they were acquitted by a jury.

The Christians then filed a civil rights lawsuit against the city, naming Dearborn, Mayor John B. O’Reilly, Police Chief Ronald Haddad, 17 officers and two executives from the American Arab Chamber of Commerce. The Arab Chamber itself later was added.

The case alleged an egregious violation of the Christians’ rights.

The AFLC said the city now has agreed to a settlement, including a public apology “that will be posted …….

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