The Brotherhood are secular, and then there’s this:
The administration’s performance before the U.S. Congress on the Egypt question is beneath comment—except to point out that this is further evidence of a U.S. administration thoroughly befuddled by rapidly developing events. You can read Gerstein’s full account here.
yours &c.
g.
U.S. President Barack Obama now claims that former U.S. President Reagan is his model of a transformational figure behind a transformational presidency—no, stop laughing, because I’m not joking:
-
Caption: Obama is now Reagan, and Obama-Reagan shall reorganize the entire U.S. federal government, because I will it so! Read More »
The Democratic Party suffered an historic electoral reversal on November 2 2010. Reprise:
-
Caption: Senior White House staff struggle to make sense of the not-announced, non-personnel non-changes in the upper-echelons of White House operations. These are non-personnel non-changes that no one has planned, and that no one is planning, and that take positive form in our world only as the shallow projections of earnest journalists reporting earnestly in the credulous sincerity of their unaffected earnestness.
Yet other than David Axelrod departing as top political advisor in favour of David Plouffe, no one lost his or her position, nor have any new senior figures joined the White House. New posts for longtime aids and associates of President Obama comprise most of the post-November 2 2010 movement among the few who stand near the centre of federal executive power in the Obama-era. Into this gap between a reasonable expectation of organizational change, and the grim reality of inertia and inaction, rushes a fawning press corps in its struggle to accomplish in fantasy what a paralyzed U.S. White House declines to realize in fact. Case in point Read More »
The U.S. economy continues its long decline. The super-massive world-historic stimuli issued by Congress and federal reserve flooded the world with cash but failed to return growth or even significant deleveraging as U.S. firms and consumers still hold high levels of debt. So what is Ben Bernanke’s new solution?—why, more stimulus, of course!—I mean, that’s what I would do, wouldn’t you?
Caption: More cowbell! Read More »
When the ordinary instruments of monetary policy fail to produce appreciable results, the method of last resort is so-called quantitative easing. So how would you describe an economy where the method of last resort becomes the only method available, and a method that has to date returned only a variable performance?
Which angel of the apocalypse is this?
This week’s meeting of the US Federal Reserve’s monetary policy committee will be one of the most important in decades as it prepares to launch a new round of quantitative easing, writes Robin Harding in a Financial Times story titled Fed poised for biggest decision in decades
Also:
The White House continues to prosecute its campaign of intimidation against the U.S. Chamber of Commerce even as a black-lash develops among the media, and among Democrats themselves, and even as the opposition laughs off the charges. The distraction campaign appears to have only distracted the Democrats, so why not, you know, just let it go, and move on to the next line item on the white board? Perhaps this was all they had.
Caption: Why attack the U.S. Chamber of Commerce? Well, why not. Why attack the U.S. Chamber of Commerce and not the Shriners, or the Rotary Club? Because SHUT UP, that’s why Read More »
The U.S. economy continues its decline even on life-support. So what do you do when there is nothing left to do? You pull the plug on the patient altogether, which in this case means inflation, which means debasing the currency both as unit of exchange, and as store of value, and causing massive mis-allocations of capital because price can no longer register value accurately or reliably.
-
Caption: Inflation. Beautiful. But deadly. Only not all that beautiful either.
In the 1970s, with inflation rising, I often described the Federal Reserve as knowing only two speeds: too fast and too slow, writes Allan H. Meltzer for the New York Times in an op-ed titled Inflation Nation
Meltzer continues Read More »
[...] “The U.S. government will move aside BP from the operation to try to halt the Gulf of Mexico oil spill if it decides the company is not performing as required in its response to the well leak, U.S. Interior Secretary Ken Salazar said on Sunday,” writes Chris Baltimore of Reuters.
Question: If the U.S. government has at hand the technical-operational competence to seal the oil hemorrhage and save the Gulf of Mexico and its coasts and wetlands, then why have they not applied it yet?
What could they possibly be waiting for? And what kind of lame threat is this anyway? I would imagine that the engineers and technicians of BP would like nothing more than to be relieved of the impossible task of trying to cork an underwater sludge-gusher. Yes, please, push me aside.
This is a sad and tragic farce.
yours &c.
g.
My name: g.v. wilkes iv, phd
My location: Victoria, BC, Canada
-
This be a vanity blog, my brothers and sisters. Vanity, all is vanity. And a lot of combat, criticism, and commentary.
-
The views I express here are my own, only my own, solely my own, and I represent no person, no group, and no institution, other than myself, and even then only partially and inconsistently, as my actions, and my intentions, are seldom in perfect accord, and they are subject to constant revision, review, clarification, and correction.
 | Harley on struggle against the U.S. cons… |
 | parakeimena.blogspot… on struggle against the U.S. cons… |
 | www.directory.conua.… on struggle against the U.S. cons… |
casuist on tumblr casuist on del.icio.us news of speeches and campaigns hebrew date phase of the moon Halachic Times for Victoria BC parsha asteroids!
