Bernanke: “No Fiscal Exit Strategy”

I have a rather important question, but let’s allow Ben Bernanke to do his little song and dance for Charles Djou about how the government has no fiscal exit strategy from the current monetary policy that was put in place to keep the economy from collapsing.

I almost passed by this video because it is so much of the same old schtick from past and present administrations.  It is more than obvious that the people at the helm appear to have no clue while they are busy taking the necessary steps to bring the United States’ economic situation more in line with the rest of the world’s economies.

Especially after you see a headline like this:

U.S debt to rise to $19.6 trillion by 2015

WASHINGTON
Tue Jun 8, 2010 6:19pm EDT

WASHINGTON June 8 (Reuters) – The U.S. debt will top $13.6 trillion this year and climb to an estimated $19.6 trillion by 2015, according to a Treasury Department report to Congress.

The report that was sent to lawmakers Friday night with no fanfare said the ratio of debt to the gross domestic product would rise to 102 percent by 2015 from 93 percent this year.

“The president’s economic experts say a 1 percent increase in GDP can create almost 1 million jobs, and that 1 percent is what experts think we are losing because of the debt’s massive drag on our economy,” said Republican Representative Dave Camp, who publicized the report.

He was referring to recent testimony by University of Maryland Professor Carmen Reinhart to the bipartisan fiscal commission, which was created by President Barack Obama to recommend ways to reduce the deficit, which said debt topping 90 percent of GDP could slow economic growth.

Here is the question. Is the American taxpayer relevant anymore? If we were all to stop working, producing, and paying our taxes, would the current WH, Congress and Fed Board of Governors even notice, or would they just keep printing money and using the fiscal credit card?    I wonder how many Americans would agree that we need to give the Palestinians $400 Million when Detroit looks like Mogadishu, and real unemployment numbers are hovering around 20%?

I think we need an answer to the first question, and soon…

(H/T BB)

DoJ Blocks Congressional Requests

DoJ Blocks Congressional Requests

Both sides of the aisle are getting frustrated with the White House and the DoJ?  Imagine my surprise!  Do you think Congress has come to the conclusion yet that they are irrelevant now that the Executive Branch has gone off the reservation with czars by the dozens, and federal agencies calling the shots?

I know y’all will be alot happier when we see perp walks with handcuffs coming out of the White House, but I’m not betting that will be happening anytime soon.

From The Hill

Exasperated members see obstruction at DoJ

Bipartisan criticism of the Justice Department is soaring on Capitol Hill as the executive branch has repeatedly balked at answering congressional requests for information, according to lawmakers and aides.

According to documents obtained by The Hill and more than a dozen interviews with Democratic and Republican members and staffers, the Department of Justice (DoJ) is rebuffing Congress and its investigative arm, the Government Accountability Office (GAO).

In a statement to The Hill, a spokeswoman for the DoJ said that the department makes every effort to respond to lawmakers in a timely and thorough manner.
We regularly provide briefings on topics upon request as well as send written replies to members of Congress based on individual inquiries.”

Congressional Democrats privately acknowledge that DoJ has not been as forthright as they would like, and letters signed by Capitol Hill Democrats to the department indicate their frustration.

However, House and Senate Democrats say they are close to receiving data they sought months ago on various topics, expressing hope that DoJ will work more cooperatively with them.

But Republican claims of DoJ’s “stonewalling” have them questioning whether Attorney General Eric Holder is living up to the pledge of responsiveness and transparency he made during his Senate confirmation hearing nearly 18 months ago.

Sen. Chuck Grassley (R-Iowa) has expressed concern that since 2009, the DoJ has refused to hand over information to the GAO on personnel vacancy trends within the FBI’s counterterrorism division.

At a standstill, the GAO, acting on a bipartisan request from Senate Judiciary Committee Chairman Patrick Leahy (D-Vt.) and Grassley, wrote to the DoJ three weeks ago in an attempt to resolve the issue.

In the letter, the GAO referred to the DoJ’s continuous denial of information as “a systemic problem.” The DoJ, citing legal statutes, refused to deliver the data.

(more…)

Bretton Woods; How The Central Banks Rule The World

Bretton Woods; How The Central Banks Rule The World

Who is Joan Veon, and what is Women’s International Media Group?

BIOGRAPHY of JOAN M. VEON
BUSINESSWOMAN and INDEPENDENT JOURNALIST
(CLICK FOR RESUME)

Up until September 1994, Joan Veon was just a businesswoman. As a result of attending the United Nations Conference on Population and Development in Cairo, Egypt, she received her “wake up call” as she found there was more going on at the global level than most Americans knew, understood or were being told.

In her determination to understand the global level and what it really means for Americans, Joan has covered over 103 UN and UN-related conferences since Cairo which include the economic, political, environmental, military, peace-keeping, legal, trade and financial. They include (8) Group of Seven (now Eight), (6) Group of Seven Finance Ministers Meetings, (4) Group of Eight Foreign Ministers meetings, the International Organization for Security Commissions (IOSCO), the Rio Plus Five (follow-up to the Earth Summit), (6) World Economic Forum meetings, (2) Free Trade Areas of the Americas meetings, (5) Bank for International Settlements meetings, (2) Gorbachev State of the World Forums, various conferences at the United Nations, the International Criminal Court, Al Gore’s First Global Conference on Re-inventing Government, (2) World Trade Organization meetings, and others.

Joan is credentialed through USA Radio Network in Dallas, Texas and has appeared as a result guest on the Michael Reagan Show, the Derry Brownfield Show, Point of View, Radio Liberty, Jeff Rense, Southwest Radio Church, The Power Hour and others. She has asked questions and interviewed president and prime ministers, key United Nations/IMF/World Bank officials, Bank for International Settlement officials, Bank of England officials, high officials throughout the Clinton and Bush Administrations, multinational/transnational CEOs, and many others to understand the global agenda and how it relates to you and I living on the local level.

Joan’s non-profit organization, The Women’s International Media Group, Inc. has 501c(3) status in the State of Maryland. Contributions to help defray expenses incurred while traveling to these meetings are greatly appreciated. Please make your check payable to The Women’s International Media Group, Inc. Joan writes a bi-monthly newsletter documenting her research and travels called “UN Watch!” Please see the order form for more details.

When Central Banks Rule The World (Hint: We Are There)

Part 1/5:

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Let The Dinosaurs Die!

Let The Dinosaurs Die!

In what is rapidly becoming another “Don’t You Dare Tax Me To Save The Bad Guys” moment…

How many of you remember:

8 track tapes, vinyl records, cassette tapes, the telegraph, the Pony Express, black and white television, rotary telephones, punch card computers, reel to reel film, commercial propeller airplanes, turntables, VCRs, and the radio in everyone’s living room?

Did these forms of technology either adapt or go the way of the dinosaurs when advanced technology became available?  Then why would we even think of allowing the US Government through the FTC to prop up a withering form of media that has caused it’s own destruction through biased journalism?

LET THE DINOSAURS ADAPT OR DIE!

74% Oppose Taxing Internet News Sites To Help Newspapers

The Federal Trade Commission (FTC) is considering several ways to help the struggling newspaper industry, but Americans strongly reject several proposed taxes to keep privately-owned newspapers going.

A new Rasmussen Reports national telephone survey finds that 84% oppose a three percent (3%) tax on monthly cell phone bills to help newspapers and traditional journalism.

Similarly, 76% oppose a proposed five percent tax on the purchase of consumer electronic items such as computers, iPads and Kindles to help support newspapers and traditional journalism. Seventy-four percent (74%) oppose the proposal to tax web sites like the Drudge Report to help the newspapers they draw their headlines from.

Each of these ideas was suggested for consideration in a recent FTC report.

Only 10% favor the tax on monthly cell phone bills to help newspapers and traditional journalism. Sixteen percent (16%) support the tax on consumer electronic devices, and 18% of Adults favor placing an additional tax on Internet news sites.

Seventy-one percent (71%) oppose the creation of a taxpayer-funded program that would hire and pay young reporters to work for newspapers around the country.  Fourteen percent (14%) support such a program, while 15% are undecided.

(Want a free daily e-mail update? If it’s in the news, it’s in our polls). Rasmussen Reports updates are also available on Twitter or Facebook.

The survey of 1,000 Adults was conducted on June 6-7, 2010 by Rasmussen Reports. The margin of sampling error is +/- 3 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.

One of the FTC’s central concerns is that the quality of local news reporting is suffering as financially struggling newspapers tighten their belts. Yet while Americans continue to see their local newspapers as more reliable than online news sources, they also have consistently questioned government assistance to keep those papers in business.

Fifty-eight percent (58%) of Americans are confident that online and other news sources will make up the difference if many newspapers go out business.

Democrats are more supportive of all three taxes than Republicans and adults not affiliated with either party are. But solid majorities oppose such taxes across all demographic groups.

Thirty percent (30%) of those ages 18 to 29 like the idea of a taxpayer-funded program to hire and pay young reporters. One-in-five Democrats (20%) favor it as well. But again adults in all demographic groups strongly oppose such a program.

In April 2009, 37% favored government subsidies for struggling newspapers, but 43% said it was better to let the papers go out of business.

Last summer, former CBS newsman Dan Rather proposed the creation of a White House commission to help save journalism jobs and find ways for news organizations to survive. Twenty-five percent (25%) like the idea, but 55% oppose it.

Retired General Calls For New Elections To Replace The Fraud In The White House

Retired General Calls For New Elections To Replace The Fraud In The White House

This speech from retired Deputy Commanding General, Pacific, Paul E. Vallely is spreading through the internet like wildfire.  The call to force the resignation of the Pretender in the White House through a petition for new elections is just the beginning.  Those of us that have been following the decline for many years, understand how close to the economic and social crash we actually are, and what will actually be required to right the ship.

From StandUp America!

© Paul E. Vallely, all rights reserved, published with permission. Paul E. Vallely, MGEN, US Army, (ret) is a graduate of West Point who served his country from 1961 through 1993, retiring as Deputy Commanding General, Pacific. He is currently a senior military analyst for Fox News and Chairman of Stand Up America USA.

Lincoln Reagan Dinner

Published on 06/08/10

Virginia City, Montana, June 5th, 2010

By Paul E. Vallely

The Declaration of Independence states: “To secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, that whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to affect their Safety and Happiness.”

We cannot permit the current leaders in the White House and Halls of Congress to continue in their efforts to lead us down the road of Progressive Socialism and destruction of America. This is the current battle that we Constitutionalists face and we must be aggressive in our efforts. Incompetence, Deceit, Fraud, Corruption,

Dishonesty and Violation of the US Constitution and oaths of office of officials now come into play as relates to our National Character, National Security, Economy and the Nation’s well-being and is the rationale for resignations. Demand Resignation of derelict officials by the people of this country in now required.

Where is our Moral Compass?

The oath of office is simple and reads:

“I do solemnly swear that I will support and defend the Constitution of the United States against all enemies, foreign and domestic, that I will bear true faith and allegiance to the same, that I take this obligation freely, without any mental reservation or purpose of evasion, and that I will faithfully discharge the duties of the office on which I am about to enter: So help me God.”

Sadly, we have seen them violate their oath. Fraud, lying, and corruption are rampant and some have engaged in treasonous activities, and they effectively thumb their noses at us and have sold you to the highest bidder.

The Articles of Confederation were replaced with the Constitution, which granted the federal government enough authority to cultivate, promote and secure the Blessings of Liberty. The balance of authority and individual liberty was understood. Power was confined to that which was enumerated in the Constitution with a certain and meaningful intent for check and balances.

Lincoln issued this warning in his inaugural address, “Any people anywhere, being inclined and having the power, have the right to rise up and shake off the existing government and form a new one. This is a most valuable and sacred right – a right which we hope and believe is to liberate the world.” Being a representative republic, not a democracy, “rising up” means other than revolution by means of arms. The people must “rise up” from the grass roots across this great country as we think of the greater good of this and future generations. We are limited in the peaceful transfer of power…resignation, death, elections, and impeachment.

“We the People” have had enough. Enough is Enough. The Obama White House and identifiable Members of Congress are now on a progressive socialist, treasonous death march and are bankrupting and weakening the country. We have watched them violate their sacred oath of office. “We, the People” cannot wait for and solely rely on the next round of elections in November of this year. It is now and each day that these public servants must put the citizen’s interests above self-interest by resigning immediately.

Our so-called Representatives and Senators are more interested in party loyalty than performing their duties. So, do not expect them to resign en masse or be impeached. Therefore the “people” must decide. A civil uprising is brewing. We now must call for the immediate resignation of Barry Soetero (AKA President Barack Hussein Obama) …..based on Incompetence, Deceit, Fraud, Corruption, Dishonesty and Violation of the US Oath of Office and the Constitution.

And a call for a National Petition for new elections to select the next President of the United States of America must be initiated. We can wait no longer for a traditional change of Power and New Government.

Reference links and sources from American Daughter:

Reference:

Diana West“The Case Against Barack Hussein Obama”

….The fact is, the birth certificate controversy is only the beginning of the presidential mystery. There is so much we don’t know for certain about President Obama. Inexplicably but intriguigingly, he has failed to produce his bona fides, while the media (and the White House media in particular), who could ask for them, don’t care, or don’t want to care….

1) the original, long-form 1961 Hawaiian birth certificate….
2) Marriage license between Obama’s father (Barak Sr.) and mother (Stanley Ann Dunham) — not found, not released
3) Obama’s baptism records — sealed
4) Obama’s adoption records — sealed
5) Records of Obama’s and his mother’s reptriation as US citizens on return from Indonesia — not found, not released
6) Name change (Barry Soetoro to Barack Hussein Obama) records — not found, not released
7) Noelani Elementary School (Hawaii) — not released
8) Punahou School financial aid or school records — not released
9) Occidental College financial aid records — not released. (These records were, however, subpoenaed but Obama lawyers succeeded in quashing the subpoena in court. No other Occi records have been released.)
10) Columbia College records — not released
11) Columbia senior thesis — not released
12) Harvard Law School records (not mentioned below, but not released)
13) Obama’s law client list — sealed
14) Obama’s files from career as an Illinois State Senator — sealed
15) Obama’s record with Illinois State Bar Association — sealed
16) Obama’s medical records — not released
17) Obama’s passport records — not released

Read all of the evidence accumulated by Ms. West here.

[These remarks were delivered at the Lincoln Reagan Dinner held this past Saturday night, June 5th, 2010 in Virginia City, Montana.]

(H/T WN)

From “Shock and Awe” to “Bow and Scrape”

From “Shock and Awe” to “Bow and Scrape”

(H/T WeazelZippers and KG)

JUNE 6: U.S. Defense Secretary Robert Gates (R) bows as he shakes hands with Azerbaijan’s Minister of Defense, General-Colonel Safar Abiyev on the tarmac at the Heydar Aliyev International Airport June 6, 2010 in Baku, Azerbaijan.

(H/T RedLemur for the title of the post!)

Bilderberg Makes It Happen (What Else Are We Right About?)

…and what are we prepared to do about it?

From PrisonPlanet.com

Former Nato Secretary-General Admits Bilderberg Sets Global Policy

Despite debunkers attempting to claim otherwise, Bilderberg illegally sets the consensus on policies that are subsequently enacted worldwide

Paul Joseph Watson
Prison Planet.com
Monday, June 7, 2010

Former NATO Secretary-General and Bilderberg member Willy Claes has confounded claims by debunkers that the secret organization which met in Sitges Spain over the last few days does not set policy, admitting during a Belgian radio interview that Bilderberg attendees are mandated to implement decisions that are formulated during the annual conference of power brokers.

In a radio interview reported on by the Belgian news website www.zonnewind.be, Claes told host Koen Fillet that Bilderberg does indeed decide policy for the coming year. Claes would certainly be in a position to know, being a two-time Bilderberg attendee as well as the eighth Secretary General of NATO from 1994 until 1995.

Claes said that Bilderberg guests are normally given around 10 minutes of talk time, after which a report is compiled of their presentation.

“The participants are then obviously considered to use this report in setting their policies in the environments in which they affect,” stated Claes, according to the translated text.

The host asked Claes to repeat this astounding admission, before Claes went on to explain that no two guest are allowed to sit next to each other more than once at Bilderberg, to enable the maximum exchange of views on important subjects.

A Dutch-speaking reader sent us the article and confirms that the translation is accurate. This represents a solid confirmation of what we already knew through witnessing Bilderberg’s leaked agenda later play out in the real world time after time – that the elitist organization does verbally set global policy in a completely undemocratic and illegal manner.

However, despite Claes, who personally attended the 1994 Bilderberg meeting in Helsinki when he was Belgium’s Minister for Foreign Affairs, confirming the obvious that Bilderberg does manufacture a consensus amongst its participants, which is then implemented as policy in the real world, during the past few days numerous debunkers have claimed that Bilderberg is just a talking shop that has no impact on the global stage.

Iain Hollingshead of the London Telegraph wrote a sophomoric piece in which he dismissed Bilderberg as “a group of willy-waggling old men comparing their security details and dreaming of past glories,” which is a complete misnomer seeing as Bilderberg is routinely attended by active Presidents and Prime Ministers very much in power and very much in a position to have an impact on current events, such as Spanish Prime Minister Jose Luis Rodriguez Zapatero, who attended this year’s conference with his country on the verge of becoming the next Greece.

Hollingshead claims that because the group is becoming more well known, its allure is on the wane, but fails to mention that this is because of the fine work of activists and real journalists who have spent decades trying to get the castrated corporate media to report on the event while people like Hollingshead either made childish jokes about the whole issue or even denied the very existence of Bilderberg.

One such “skeptic” is Chip Berlet, who works for a group called the Political Research Associates, which is funded in part by the Ford Foundation, founded by Edsel Ford, the son of the notorious Henry Ford, who received awards from Hitler for funding the Nazi war machine with slave labor, which somewhat taints the PRA’s stated objectives, which are apparently to track conspiracy theories and the the right-wing while “advancing an open, democratic, and pluralistic society”.

The Ford Foundation is little more than an attack dog which transnational elitists use, through its offshoots like PRA, to demonize any criticism of their agenda as extremist and anti-semitic, which is quite rich considering the history of the corporation.

Berlet himself has made a career out of characterizing the idea that powerful people might get together and discuss ways of expanding their power as a belief of the lunatic fringe.

Little surprise therefore that towards the end of Berlet’s appearance on Russia Today, in which he stumbles through a broken record of excuses claiming Bilderberg has no power, he invokes the tired old cliche that anyone who expresses concern about 200 powerful men gathering in secret with no democratic oversight whatsoever behind a wall of security is probably a closet racist.

Berlet claims the American Free Press was founded by “one of the biggest anti-semitic, neo-fascist conspiracy theorists in the world,” which coincidentally is also a pretty apt description of the man who founded the company that now pays Berlet via the Ford Foundation funding PRA receives to spew his propaganda – Henry Ford – one of Hitler’s biggest supporters.

Read the rest, here.

WHO’s Credibility Takes A Hit

WHO’s Credibility Takes A Hit

Have you ever wondered why the United Nations is around?   It’s a long story, but for the purposes of this post, the 1945 Charter for the United Nations states:

WE THE PEOPLES OF THE UNITED NATIONS DETERMINED

  • to save succeeding generations from the scourge of war, which twice in our lifetime has brought untold sorrow to mankind, and
  • to reaffirm faith in fundamental human rights, in the dignity and worth of the human person, in the equal rights of men and women and of nations large and small, and
  • to establish conditions under which justice and respect for the obligations arising from treaties and other sources of international law can be maintained, and
  • to promote social progress and better standards of life in larger freedom,

AND FOR THESE ENDS

  • to practice tolerance and live together in peace with one another as good neighbours, and
  • to unite our strength to maintain international peace and security, and
  • to ensure, by the acceptance of principles and the institution of methods, that armed force shall not be used, save in the common interest, and
  • to employ international machinery for the promotion of the economic and social advancement of all peoples,

HAVE RESOLVED TO COMBINE OUR EFFORTS TO ACCOMPLISH THESE AIMS

Accordingly, our respective Governments, through representatives assembled in the city of San Francisco, who have exhibited their full powers found to be in good and due form, have agreed to the present Charter of the United Nations and do hereby establish an international organization to be known as the United Nations.

Have we seen it yet?  “…maintain international peace and security.”   How many genocides has the UN stopped?  How many people have they lifted out of poverty?  How many children are still starving and dying of treatable illnesses all over the world.

Actions speak louder than words.

WHO scandal exposed: Advisors received kickbacks from H1N1 vaccine manufacturers

(NaturalNews) A stunning new report reveals that top scientists who convinced the World Health Organization (WHO) to declare H1N1 a global pandemic held close financial ties to the drug companies that profited from the sale of those vaccines. This report, published in the British Medical Journal, exposes the hidden ties that drove WHO to declare a pandemic, resulting in billions of dollars in profits for vaccine manufacturers.

Several key advisors who urged WHO to declare a pandemic received direct financial compensation from the very same vaccine manufacturers who received a windfall of profits from the pandemic announcement. During all this, WHO refused to disclose any conflicts of interests between its top advisors and the drug companies who would financially benefit from its decisions.

All the kickbacks, in other words, were swept under the table and kept silent, and WHO somehow didn’t think it was important to let the world know that it was receiving policy advice from individuals who stood to make millions of dollars when a pandemic was declared.

WHO credibility destroyed

The report was authored by Deborah Cohen (BMJ features editor), and Philip Carter, a journalist who works for the Bureau of Investigative Journalism in London. In their report, Cohen states, “…our investigation has revealed damaging issues. If these are not addressed, H1N1 may yet claim its biggest victim — the credibility of the WHO and the trust in the global public health system.”

In response to the report, WHO secretary-general Dr Margaret Chan defended the secrecy, saying that WHO intentionally kept the financial ties a secret in order to “…protect the integrity and independence of the members while doing this critical work… [and] also to ensure transparency.”

Why is this story so important?  “WHO and FAO administer the Codex Alimentarius at the request of the United Nations”.

(more…)

America, This Is Your Presidente!!!

America, This Is Your Presidente!!!

Congressional Criminals? Are you paying attention?  Is this how an American president leads or is this how a foreign presidente manages the decline?

The oil leak progresses, Iran has decided to jump into the Gaza aid drive, Turkey is going sideways…and what is the pRetender doing just days after hanging out with Paul McCartney?

From DrudgeReport:

OBAMA OFF TO THE THEATER
Sent: Sun Jun 06 18:06:32 2010
Subject: pool report #1

Reception in the East Room prior to performance at Ford’s Theatre

Print pool only was ushered into the East Room about 5:20 p.m. where many elegant ladies in long dresses and men in tuxedos were standing sipping drinks and eating small finger food. Transportation Secretary Ray LaHood came over to say hello to the pool but the president and first lady were announced before there was any real conversation. A few faces spotted in the crowd, Senate Majority Leader Harry Reid and Rep. John Dingell and his wife.

The president and first lady walked in and gave brief remarks to the crowd, but pooler was unable to actually see them because everyone was standing. We’re headed over to Ford’s Theatre shortly and should be able to see then what FLOTUS is wearing.

Remarks: The president welcomed everyone to the White House. He thanked the performers for taking time out of their busy schedules, as well as cabinet officials and members of Congress, including Sen. Reid.

Tonight is about celebrating the great work of Ford’s Theatre and what it has done to preserve the legacy of presidents and highlight the importance of the arts and education in our lives and the life of our nation. “In many ways it’s impossible to separate the history of America from the history of its music and its spoken word. Soldiers have sung as they’ve marched to war and raised their voices again while laying the burden to rest.”

Lyrics on a page and voices on a stage have helped make us across generations and across cultures, backgrounds, and faiths. Great leaders including Lincoln himself have drawn inspiration and courage from the arts. “And on a personal note, they helped each of us express the joys and hardships of life while bringing us closer to each other.”

This is especially true during moments of trial. The president said there have been a lot of trials over the past year and a half. Now, there are brothers and sisters in the Gulf Coast who are going through an incredibly difficult time in the face of a disaster unlike any we’ve seen of late. “I want to emphasize again that we’re going to do everything we can in the weeks and months and years ahead to make this right,” and everyone here feels the same way.

But tonight, we will celebrate not only music, song, and performances, but also the incredible legacy of Ford’s Theatre and some award recipients who have done some much to help others in this country and around the world.

Pool was ushered out about 5:26 p.m.

According to the Ford’s Theatre website, the event tonight is described as follows:

Ford’s Theatre Society will host its annual gala on Sunday, June 6, 2010, at Ford’s Theatre (511 10th Street NW). The evening’s performance, titled “America Celebrates July 4th at Ford’s Theatre,” will be taped for broadcast on the ABC Television Network to air July 2, 2010 (9:00-10:00 p.m. ET). Modern Family cast member Ty Burrell hosts a star-studded program with appearances by Kelly Clarkson, Renee Fleming, George Lopez, Lionel Richie, Robin Roberts, Dick Van Dyke, Laura Michelle Kelly and Gavin Lee from the Broadway Company of “Mary Poppins,” the Soldiers’ Chorus of the United States Army Field Band, and cast members from the Ford’s Theatre production of “Little Shop of Horrors.”

Sent: Sun Jun 06 19:28:59 2010
Subject: pool report #2

Motorcade rolled at 6:56 p.m. and arrived without incident at Ford’s Theatre at 7:00 p.m. sharp. Pool was led past a large white tent in the street and a red carpet leading to the front door. We are holding in the lobby of the theatre with two large-screen television sets showing the live performance within.

The president and first lady were announced and walked to their seats at front row center. FLOTUS is wearing a stunning silver strapless dress with a large crystal necklace with what looks like two small fabric bows on either side. Designer unknown to pooler.

The programme for tonight’s performance was just handed out:

Ty Burrell, welcome
Kelly Clarkson, “Everybody Got Their Something” and “Way Over Yonder”
George Lopez
From the Ford’s Theatre production of Little Shop of Horrors
Christopher Kale Jones and Jenna Coker-Jones, “Suddenly, Seymour”
Soldiers’ Chorus of the United States Army Field Band
“My Country, ‘Tis of Thee” and “America the Beautiful” Robin Roberts, family life in the White House
Dick Van Dyke and The Vantastix, “Chitty Chitty Bang Bang Medley”
Lionel Richie, “Three Times a Lady” and “All Night Long” with the Joyce Garrett Celebration Singers

INTERMISSION

Presentation of the Lincoln Medals
Renee Fleming, “Soul Meets Body” and “In Your Eyes”
Cast members from Disney and Cameron Mackintosh’s Broadway musical Mary Poppins
Laura Kelly and Gavin Lee, “Supercalifragilisticexpialidocious”
From the Broadway musical Memphis Montego Glover, “Colored Woman”
General Colin Powell, a special tribute Renee Fleming, Soldiers’ Chorus of the United States Army Field Band, Bill Conti and the Spirit of America Orchestra with the Entire Company “Battle Hymn of the Republic”

Meanwhile, in completely related news that someone besides the average American should be paying attention to (but they aren’t)…

From Bloomberg:

U.S.’s $13 Trillion Debt Poised to Overtake GDP: Chart of Day

By Garfield Reynolds and Wes Goodman

June 4 (Bloomberg) — President Barack Obama is poised to increase the U.S. debt to a level that exceeds the value of the nation’s annual economic output, a step toward what Bill Gross called a “debt super cycle.”

The CHART OF THE DAY tracks U.S. gross domestic product and the government’s total debt, which rose past $13 trillion for the first time this month. The amount owed will surpass GDP in 2012, based on forecasts by the International Monetary Fund. The lower panel shows U.S. annual GDP growth as tracked by the IMF, which projects the world’s largest economy to expand at a slower pace than the 3.2 percent average during the past five decades.

“Over the long term, interest rates on government debt will likely have to rise to attract investors,” said Hiroki Shimazu, a market economist in Tokyo at Nikko Cordial Securities Inc., a unit of Japan’s third-largest publicly traded bank. “That will be a big burden on the government and the people.”

Gross, who runs the world’s largest mutual fund at Pacific Investment Management Co. in Newport Beach, California, said in his June outlook report that “the debt super cycle trend” suggests U.S. economic growth won’t be enough to support the borrowings “if real interest rates were ever to go up instead of down.”

Dan Fuss, who manages the Loomis Sayles Bond Fund, which beat 94 percent of competitors the past year, said last week that he sold all of his Treasury bonds because of prospects interest rates will rise as the U.S. borrows unprecedented amounts. Obama is borrowing record amounts to fund spending programs to help the economy recover from its longest recession since the 1930s.

“The incremental borrower of funds in the U.S. capital markets is rapidly becoming the U.S. Treasury,” Boston-based Fuss said. “Do you really want to buy the debt of the biggest issuer?”

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