The Bully Pulpit ... Jack Dinsmore

Current Events

The Economy

Commentary

Ethics panel to charge California Rep. Waters
Another Washington politician in trouble. America just loves sequels! It matters not if they are Democrat or Republican.

Debate Heating Up on Plans for Mosque Near Ground Zero
“The World Trade Center is the largest loss of American life on our soil since the Civil War. And we have not rebuilt it, which drives people crazy. And in that setting, we are told, why don’t we have a 13-story mosque and community center? The average American just thinks this is a political statement. It’s not about religion, and is clearly an aggressive act that is offensive.”

Passport probe ratchets up call to fight fraud
Another example of surrendering liberty in the name of security. Also, an example of federal ineptitude.

Will Washington's Failures Lead To Second American Revolution?
"By the trick of letting current-law tax rates "expire," he can impose a $3.5 trillion 10-year tax increase that damages job-creating capital investment in an economy struggling to recover. And by failing to enforce the law and leaving America's borders open, he can continue to repopulate America with unfortunate illegals whose skill and education levels are low and whose political attitudes are often not congenial to American-style democracy."

It's ba-a-ack! Democrats pushing for public option

Memo outlines backdoor 'amnesty' plans

OMB nominee got $900,000 after CITIGROUP bailout

Senator wants answers about nominee's windfall

U.S. casualties in Afghan war soar
Please keep our service men and women and their families in your thoughts and prayers.

Europe Warns Obama: This Relationship Not Working
“The transatlantic relationship is not living up to its potential. I think we should do much more together. We have conditions like we have never had before and it would be a pity if we missed the opportunity.”

GE Immelt hits out at China and Obama
Cracks are growing...

Nancy Pelosi unemployment checks comment raises debate
"This is one of the biggest stimulus' to our economy... economists will tell you this money is spent quickly it injects demand into the economy and is job creating... it creates jobs faster than almost any other initiative that you can name."

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U.S. recovery hopes fade as economic growth dips

Recession in U.S. Was Even Worse Than Estimated, Revisions Show
Duh!!!

Slowing economic rebound raises unemployment fears
"We're headed into the third quarter with little momentum, and most everything is tracking weaker. Because of that, I expect unemployment to rise back to double digits, hitting 10 percent in December and staying there early next year."

IMF Says U.S. Financial System May Need $76 Billion in More Capital

The Breakup of the United States
"The United States government does not deserve the tax dollars it collects. This is the fundamental bread-and-butter reason for ending the Union. The Constitution allows massive tax collections for purposes enunciated by Washington. There is no way to stop this process, which is killing the country, except by undoing the political foundation by which it is enforced."

A New Spotlight on Japanese-Style Deflation
"The U.S. is closer to a Japanese-style outcome than at any time in recent history."
I have been warning people about this for years...

Fed's Beige Book Says Economic Recovery Slowed in Some Areas

Concerns rising that economic recovery is slowing
If you think the economy is slowing now, just wait until later this year. Next year should be a lot of fun too with the massive tax increases on the horizon. That's what we get for electing Obama like he was a contestant on American Idol.

Repent at leisure
"In the aftermath of the latest collapse it is clear that the distinction between debt in the private and public sector has become blurred. If the private sector suffers, the public sector may be forced to step in and assume, or guarantee, the debt, as happened in 2008. Otherwise the economy may suffer a deep recession which will cut the tax revenues governments need to service their own debt."

The Third Depression
"We are now, I fear, in the early stages of a third depression. It will probably look more like the Long Depression than the much more severe Great Depression. But the cost — to the world economy and, above all, to the millions of lives blighted by the absence of jobs — will nonetheless be immense."
Paul Krugman, 2008 Nobel Prize winner for Economics