Brookes News Update

The US is definitely in recession: In the second quarter of the year GDP grew by 2.8 per cent. This was up from the 0.9 per cent increase posted in the first quarter. With GDP positive there can be no recession. Wrong. The US is definitely in recession
Can congress save the US economy from recession?: Supporters of the rescue package believe that without it there would be severe economic disruptions. This amounts to financial support at the expense of the taxpayer for a variety of phoney financial activities. The result is more political controls that will hamper genuine economic growth
Why the congressional bailout won't solve the credit crisis: The bailout cannot solve the problem because the real problem is one of lousy economics and an equally lousy understanding of economic history as well as the history of economic thought. So we can all look forward to more economic crises followed by more destructive politically inspired intervention
You're an angry feminist? That's so cute: Their shameful attacks on Palin and her family have revealed that liberal Democrats, the mainstream media, and those malicious hacks in the 'progressive' blogosphere are willing to navigate the deepest, darkest sludge of slash-and-burn politics to see their man, Barack Obama, elected President
Sarah Palin and the Experience Factor: "Palin accomplished more in 18 months than most governors do over full terms, including facing down a corrupt and entrenched old-boys network and bringing the oil companies - the state's biggest business - to heel, and completing a pipeline agreement with Canada. What did Obama ever do?
Obama advisors received millions instead of jail terms: The party of fraud, vote rigging, slander and treason has done it again. The three Democrats who looted Fannie Mae to the tune of scores of millions of dollars are now top advisors to Obama. As expected, the diseased media have refused to report or investigate
Israel on the brink as the winds of war from Syria and Iran gather intensify: Muslim enemies of Israel are getting ready - with the help of Putin - for another war. One that will, they hope, destroy Israel and finally bring about the total extermination of the Jewish race
Obama's economic agenda: This is change?: Any economists worth his salt knows damn well that equalizing incomes means attacking economic growth. But that doesn't bother Obama. He intends to raise capital gains taxes even though he knows it would damage economic progress. So what is fair about that?
Why America's economic crisis was unavoidable: As the financial crisis unfolds Americans have nothing to fear other than Congress. The Fanny Mae and Freddy Mac crisis is part of a larger and far more serious economic crisis, one that few economic commentators foresaw. There is nothing new here; financial crises are as old as banking itself. Fortunately the fear of another Great Depression are baseless
Can the US Government save Fannie Mae and Freddie Mac?: To save Fannie Mae and Freddie Mac from total collapse taxpayers will have to foot a massive bill. This means a further squandering of America's already depleted pool of real savings. It is only wealth generators that can revive the economy by accumulating enough real capital. This is the real cost of FF - the cost taxpayers do not see
Good job figures point to gloom times ahead: Regardless of what our Panglossian economic commentators are saying: one-third of Australia is not in recession. What we are seeing is the first material signs of a genuine recession and one that our economic commentariat is unable to explain
Media yawn as new museum honors Saddam's Abu Ghraib victims: When Abu Ghraib popS up in the news the leftwing media go on instant alert, sensing a renewed opportunity to negatively portray the Bush administration. But when the Iraqi government announced last week it was going to reopen the notorious prison as a museum honours the victims of the horrors committed there in years past, a collective yawn greeted the statement, proving that they are nothing but lying political bigots
Fannie May and Freddy Mac: the time bomb finally explodes: If you think that Fannie and Freddie's bust is a big deal, just wait until Medicare comes crashing down. Then, the wailing and gnashing of teeth will be truly unbearable. As that day rapidly approaches, however, you'll notice that the politicians are doing utterly nothing to forestall it
Discreet influences: Guenon, the author of the decay of the European West, had concluded in the 1920s that only three ways offered themselves to this civilization: the fall into barbarism, the restoration of the Catholic Church, or Islamization
The Book-Banners Hollywood Ignores: The September 11 terrorist attacks didn't turn celebrity leftists into hawks. But the minute they started reading false rumors about Sarah Palin restricting unfettered access to Daddy's Roommate and Heather Has Two Mommies in her hometown library, Tinseltown's docile doves became militant warmongers
Why not use food as leverage for oil?: "If those leading America in the future had fortitude to do so, food could be used as part of a geopolitical strategy to make our country secure and as a counterweight to oil extortion. This may seem crass to liberals but our enemies do not share their sensitivities. We cannot continue to defend ourselves without using all our weapons in a world where our enemy only recognizes strength
Olavo de Carvalho's lecture: The structure of the revolutionary mind: When revolutionaries like Che, and Hitler's operatives murdered innocent people, they blamed their victims for making them do it by refusing to go along with their revolutionary notions. This is where moral relativism leads

Posted by John Ray. For a daily critique of Leftist activities, see DISSECTING LEFTISM. For a daily survey of Australian politics, see AUSTRALIAN POLITICS Also, don't forget your roundup of Obama news and commentary at OBAMA WATCH (2). Email me (John Ray) here

No comments:

Post a Comment

All comments containing Chinese characters will not be published as I do not understand them