Day: December 3, 2009

H.R. 4172: The Liberals Do Not Get To Have Their Cake And Eat It Too!

Yes, It's Real!  Zero Penalty Rate for Offshore Voluntary Disclosure Program ala Timmie Geithner's IRS penalty. When I first read this bill, I laughed so hard I cried, and my son was concerned that I had just completely gone around the bend. Then, I thought, they are spending our money to put forth legislation like H.R. 4172. I cannot decide whether this is a good investment or a bad one considering it will never get out of committee, but I am all for not giving the IRS any more money or power, anything that shows TurboTax Timmie to be the…
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Glenn Beck, 12.03.09: Jobs Summit, AIG, Ben Bernanke, & The Federal Reserve

Judge Andrew Napolitano is hosting Glenn's show today because of the live stage performance that Glenn is doing tonight.  The judge starts out this show interviewing Bruce Josten of the US Chamber of Commerce who has been excluded from the pResident's jobs summit, and whose organization represents businesses that employ 115 Million Americans.  Judge Napolitano seamlessly goes into the red crayon math surrounding AIG and Ben Bernanke's effort to get another four years out of the Congress with more interesting numbers that show that the dollar gained 13% in value before The Fed was installed, and has lost 92% since…
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What Stimulus Really Means In The Age Of Obama

P.A.T.H.E.T.I.C. $237.6 Billion has been awarded, but few have seen any real improvement in the economy, other than it hasn't totally kacked, and unemployment is only at a 26 year high of 10.2%.  The White House needs a jobs summit the day before another blistering round of jobs numbers comes out, and as a diversion from the Bernanke circus, Climategate, Barbara Boxer's continued idiocy, and Waxman advising government control of the press.  Let's also not forget that the bloom is off the rose with the Community Organizer-in-Charge, and he must repair the damage done to his image by bailing out…
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Senator Bunning Hammers Ben Bernanke’s Abysmal Record As Fed Chairman

Twelve "must see" minutes listing Zimbabwe Ben's failings with regard to bubbles, monetary policy, T.A.R.P., sub-prime mortgages, Brooksley Born, the Wall Street money dance with billions going to foreign banks, etc., etc., etc.  I think the only thing that Senator Bunning missed was the $9 TRILLION that The Fed has "lost". Here are a few money quotes as a starter: You Are the Definition of Moral Hazard You have created zombie banks that are only enriching their traders and executives. You are repeating the same mistakes of Japan in the 1990's on a much larger scale while sowing the seeds…
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