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Tuesday, October 12, 2010
Obama's List ofEnemies Growing
Obama and his team have lashed out a litany of Republican targets, even before the current crusade against Karl Rove and U.S. Chamber of CommerceChamber Refutes Foreign Money Charge Rove Demands Meeting With White House 'Idiot' Polls: GOP Sees Senate Chances Improve
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More Ethanol to Be Allowed in Cars
The Obama administration plans to allow higher levels of ethanol for gasoline used by newer cars, a step that would benefit corn growers but has been opposed by livestock ranchers, auto makers and oil refiners. 
http://feedproxy.google.com/~r/wsj/xml/rss/3_7014/~3/d_4E76VkHcE/SB10001424052748703440004575548883403355828.html
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Obama defends gay marriage ban; files appeal in court! Is ‘don’t ask don’t tell’ next?
RWB News: Two important things happened today concerning President Obama and the courts. A federal judge ordered the Military to stop enforcing the "don't ask don't tell" policy saying it was unconstitutional. Then the Obama administration filed a notice of appeal with the U.S. District Court in Massachusetts in support of the 1996 Defense of Marriage Act, or DOMA, that barred gay marriages, even though Obama had previously opposed the law.
A justice department spokesman said "The Justice Department is defending the statute, as it traditionally does when acts of Congress are challenged." Then that tells me (common sense) that the Obama administration will also challenge the Federal Judge who believes she can legislate from the bench and declare a federal law unconstitutional based on her beliefs alone? If 'The Justice Department will defend statute as it traditionally does when acts of Congress are challenged' then it looks like 'don't ask don't tell' will also have to be defended.
Now Obama's liberal base of supporters are happy with the Judge and her ruling but they are very upset about the Obama administration defending the Defense of Marriage Act. The Obama administration can "CHANGE" that word "traditional" to "sometimes" and pick and choose according to his and the administration's radical belief system. Many people say this judge did what the democratic congress and Obama could not do, repeal "don't ask don't tell".
The Obama administration is waiting for the Department of Defense to complete a study on what effect the repeal of "don't ask don't tell" may have on soldiers and the readiness of our military. This Federal Judge feels she is more important than our Soldiers and the Generals investigating this policy and Obama by not challenging this Judge would also say to the Generals their information was not that important.
This administration once again is trying to have it both ways but they can no longer do that. There are to many people paying attention to the Lies, corruption, radical ideas and the broken promises this administration seems to deliver on a daily basis.
Obama administration appeals gay marriage ruling
REUTERS (Reuters) – The Obama administration decided on Tuesday to appeal a judge's rulings that prevented the U.S. government from banning same-sex marriages, a move that could undermine support among President Barack Obama's traditional liberal base ahead of a key election.
The Obama administration filed a notice of appeal with the U.S. District Court for the District of Massachusetts in support of the 1996 Defense of Marriage Act, or DOMA, that barred gay marriages, even though Obama had previously opposed the law.
Although Obama opposes the law, a Justice Department spokeswoman said that the administration was defending the statute because it was obligated to defend federal laws when challenged in court.
"As a policy matter, the President has made clear that he believes DOMA is discriminatory and should be repealed," said Justice Department spokeswoman Tracy Schmaler. "The Justice Department is defending the statute, as it traditionally does when acts of Congress are challenged."
The rulings being appealed by the government were made in July by U.S. District Judge Joseph Tauro in Boston who found the law violated the U.S. Constitution's 10th Amendment, which protects states' rights, and the clause granting equal protection under the law.
Under his rulings, same-sex couples would be entitled to the same federal spousal benefits and protections that are afforded to heterosexual married couples.
One of the challenges was brought by the state of Massachusetts and the other by several couples, including an employee of the U.S. Postal Service, Nancy Gill, who could not obtain coverage for her wife, Marcelle Letourneau, on her family health and vision plans.
The appeal comes at a tough time for Obama, who has been trying to shore up his liberal base ahead of the contentious congressional elections when his fellow Democrats are expected to lose many seats to Republicans. Democrats could lose control of the House of Representatives.
A key concern has been whether those who have supported Obama in the past will show up to vote in the November 2 midterm elections. He has opposed same-sex marriages but supported civil unions and extended some benefits to gay partners of federal employees.
Read more: http://www.reuters.com/article/idUSTRE69B63U20101012
Don't-Ask Policy Is Halted By Judge
The Wall Street Journal reported
WASHINGTON—A federal judge ordered the military to stop enforcing the "don't ask, don't tell" law that has been used to discharge gay service members, putting at least a temporary halt to the 17-year-old policy.
Tuesday's order by U.S. District Judge Virginia Phillips in Riverside, Calif., applies across the U.S. and would halt proceedings against service members suspected of violating the policy, which aims to bar openly gay people from the military.
Alexander Nicholson, executive director of Servicemembers United and a plaintiff in the case, said, "While this is certainly news to be celebrated, we would also advise caution [to openly gay service members] in advance of a potential stay" of Tuesday's ruling by the Ninth Circuit Court of Appeals.
Once again, an activist federal judge is using the military to advance a liberal social agenda, disregarding the views of all four military service chiefs and the constitutional role of Congress," said Tony Perkins, president of the Family Research Council.
The Pentagon is conducting an internal review aimed at eventually repealing the policy. Mr. Gates and Adm. Michael Mullen, chairman of the Joint Chiefs of Staff, support the repeal measure that is pending in Congress.
However, some military leaders have said they want to wait on any action until the Pentagon completes its review, which includes a survey of service members on how the policy can best be ended. The results of the survey are expected in December.
Read Entire story: http://online.wsj.com/article/SB10001424052748703440004575548393832434092.html?mod=WSJ_hpp_LEFTTopStories
swenbwr
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Bernanke's History Lesson: Japan
Criticisms Ben Bernanke made of Japan's central bank a decade ago—saying it was too timid in stimulating Japan's economy to prevent deflation—give hints of what the Fed's next steps might be. 
http://feeds.wsjonline.com/~r/wsj/xml/rss/3_7011/~3/sT5Xobaegis/SB10001424052748704518104575546084161525708.html
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JD Foster on the Stimulus Report on FNC
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If you don't read anything today, you have to read the letter from the US Chamber of Commerce. They
If you don't read anything today, you have to read the letter from the US Chamber of Commerce. They are BLASTING Obama and company with facts about the lies that have been told about the Chamber. They even point out roundabout thug tactics by the Administration in regard to people that openly do not support the Administration.
Chamber of Commerce comes out fighting with ads and facts directed at media puppets and the White Ho
redwhitebluenews.com
That's why we have worked hard and successfully to stop the so-called DISCLOSE Act on Capitol Hill—a partisan political measure that had nothing to do with disclosure and everything to do with protecting endangered incumbents. It is in the wake of that defeat that the administration launched this ne...
Chamber of Commerce comes out fighting with ads and facts directed at media puppets and the White Ho
redwhitebluenews.com
That's why we have worked hard and successfully to stop the so-called DISCLOSE Act on Capitol Hill—a partisan political measure that had nothing to do with disclosure and everything to do with protecting endangered incumbents. It is in the wake of that defeat that the administration launched this ne...
http://www.facebook.com/posted.php?id=143928478973403&share_id=132101620173681&comments=1#s132101620173681
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Chamber of Commerce VP: When did Hopenchange turn into fear ‘n smear?
Attacks.
Answer: Pretty much on day one, no? Obama's always needed a villain for his messianic passion plays. At first it was Rush Limbaugh for saying "I hope he fails," then it was the health-care townhall "angry mobs," then it was Fox, then it was the tea party, then John Boehner, then Palin, now it's the [...]
http://hotair.com/archives/2010/10/12/chamber-of-commerce-vp-when-did-hopenchange-turn-into-fear-n-smear/
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Barney Frank…the Tea Party is coming for YOU now!
By Paul Steinhauser for CNN
(CNN) – Tea Party Express says they'll add Rep. Barney Frank to their list of lawmakers they're targeting in November's midterm elections.
The Sacramento based group kicks off their fourth tour, called "Tea Party Express IV: Liberty At the Ballot Box," next Monday. The trip starts in Nevada, where the group will once again target Senate Majority Leader Harry Reid. Tea Party Express is a major backer of Reid's Republican challenger, former Nevada lawmaker Sharron Angle.
Tuesday the organization, in an email to supporters, said "Big news everyone – the Tea Party Express has added Barney Frank as one of our top targets for defeat in the November 2nd Midterm Elections."
The email asked for donations to help defeat Frank.
Tea Party Express officials tell CNN that they'll run ads in Frank's district and will also target the congressman when they hold a rally in Worcester, Massachusetts on November 1, the last day of their cross-country bus trip.
Worcester, in central Massachusetts, is not in the congressman's district. The fourth congressional district, which Frank has represented for 30 years, is located in southeast Massachusetts. Frank has never scored below 60 percent of the vote in any of his re-election victories in the heavily Democratic district. But the chairman of the House Financial Services Committee, who has had a large role in financial services reform, as well as dealing with the subprime mortgage and home foreclosure issues, has become a target for conservatives.
CNN has reached out to the congressman for a reaction to the move by the Tea Party Express and is awaiting a comment.
Frank faces off in November against GOP nominee Sean Bielat, a Marine reservist. Frank's re-election campaign says they are up with television commercials in Boston and Providence, Rhode Island, the two television markets that cover the district.
The Cook Political Report, a top non-partisan political handicapper, rates the race as likely Democratic, while the Rothenberg Political Report, another leading non-partisan political handicapper, describes the contest as safe for the Democrat.
Tea Party Express spent around $250,000 on ads to help Republican Senate candidate Scott Brown in Massachusetts, who upset Democrat Martha Coakley in a January special election to fill the late Sen. Ted Kennedy's seat.
"Massachusetts voters proved that they're sick of liberal career politicians who are out of touch with the nation, and it's time to send Barney into retirement" says the Tea Party Express, in a statement to CNN.
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Manufacturing Jobs: Technology Changes Decreased U.S. Manufacturing Employment
Attempts by Members of Congress to save U.S. manufacturing jobs by restricting international trade, particularly with China, are misguided and futile. Technological improvements, not international trade, are reducing U.S. manufacturing employment by automating many rote tasks. During the past decade, manufacturing employment has fallen by one-third while manufacturing output has remained roughly constant. Congress can best help the manufacturing sector and the rest of the economy by improving U.S. competitiveness and by creating a better business environment in the U.S.
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Does The Lifted Drilling Moratorium Pass The Smell Test?
Not Buying It! ~ Earlier today, Secretary of the Interior Ken Salazar announced the moratorium on deepwater drilling will been lifted sooner than we thought. However, critics are already saying that recently passed regulations will make it nearly impossible to start any new exploration anyway. So, is this so-called end to the moratorium simply bogus? Tom puts it to the Smell test!
Addicted To Pork ~ Even with all the talk about cutting spending and shrinking government, Americans still want their lawmakers to bring home the bacon. According to a report, nearly 60% say they want their representatives to fight for pork that will benefit their districts and spur job creation! So, are we to blame for Washington's wild spending?
Grasping At Straws ~ President Obama and friends continue to go after the Chamber of Commerce and the alleged campaign funding controversy. But is this story all ado about nothing? Even Obama's friends in the media don't seem to be buying this weak attack strategy. And do you really care who's funding your candidate's campaigns? Tom weighs in.
PLUS: Did ObamaCare cause the sale of three Scranton-area catholic hospitals? And will doctors burdened with ObamaCare be forced to cut costs by cutting off more toes? Huh? Tom explains.
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Chamber of Commerce comes out fighting with ads and facts directed at media puppets and the White Ho
RWBNews: It's quite a lengthy article with many important facts. Copied below is just the letter from the US Chamber of Commerce. They come out with both guns blazing and I don't think they're planning on backing down anytime soon. Enjoy the read, it's a good one!
By Michael D. Shear http://thecaucus.blogs.nytimes.com/2010/10/12/chamber-vows-to-ramp-up-political-activity/?ref=politics
swenbwrOctober 12, 2010
To: U.S Chamber Board of Directors and Federation Partners
From: Tom Donohue
Subject: Recent Attacks on the ChamberIn recent days, the Chamber and other groups have been accused of using money derived from foreign sources to finance activities related to the upcoming elections. This is patently untrue. I welcome this opportunity to lay out the facts, explain why this is happening, and assure you of the Chamber's response.
The charge was first made on an antibusiness liberal blog called ThinkProgress, run by Obama transition co-chairJohn Podesta and funded in part by international financierGeorge Soros. Once it appeared in the blogosphere, the report was then heavily promoted by Congressional Democrats and the White House and it received some mainstream media coverage.
By the end of last week, President Obama, Vice President Biden, and various Congressional leaders began repeating the accusation in campaign speeches, offering no facts or evidence to back up such a serious charge. The Democratic National Committee (D.N.C.) produced a television ad on the topic. The President's campaign grassroots operation, Organizing for America (now run by the D.N.C.), issued a call to action amplifying the charge and decrying the role of money in politics — and then asked its members for political contributions. MoveOn.org has done the same thing.
Let me be clear. The Chamber does not use any foreign money to fund voter education activities—period. We have strict financial controls in place to ensure this. The funds we receive from American Chambers of Commerce abroad, bilateral business councils, and non-U.S. based global companies represent a small fraction of our more than $200 million annual revenues. Under our accounting system, these revenues are never used to support any political activities. We are in full compliance with all laws and regulations.
Given these facts, the administration and Congressional leaders who attacked the Chamber have been challenged by journalists to produce any evidence to the contrary. They came up empty and, turning the American principles of fairness and justice upside down, our accusers have actually suggested that the Chamber should prove that it has not done anything wrong.
These tactics have been strongly criticized by many respected media organizations—including those who are not always friendly to business:
- The New York Times wrote: "But a closer examination shows that there is little evidence that what the chamber does in collecting overseas dues is improper or even unusual, according to both liberal and conservative election-law lawyers and campaign finance documents." The paper goes on to note that "Organizations from both ends of the political spectrum, from liberal ones like the A.F.L.-C.I.O. and the Sierra Club to conservative groups like the National Rifle Association, have international affiliations and get money from foreign entities while at the same time pushing political causes in the United States."
- The Annenberg Public Policy Center's FactCheck.org called this line of attack on the Chamber "a claim with little basis in fact."
- An Associated Press "Spin Meter" analysis concluded: "The Obama administration and its allies are going all out against the U.S. Chamber of Commerce and GOP-leaning groups, accusing them of using foreign money to help finance political ads. Trouble is, they're providing no evidence." The AP report also reminds us that political action committees (PACs), many comprised of employees of foreign-headquartered companies, also participate in elections. "Foreign-connected PACs have contributed more than $12 million to political candidates this election cycle, with more than half going to Democrats…" explains AP.
- The White House correspondent for MSNBC echoed the suggestion by a Baltimore Sun journalist that the smear tactics directed at the Chamber and others were "McCarthyesque."
- When White House political operative David Axlerod was asked by CBS' Bob Schieffer to back up the foreign money accusation, Axlerod offered no proof. Schieffer responded dismissively: "Is that the best you can do?"
- A Los Angeles Times report today suggests that the White House attacks on the Chamber are already backfiring, with moderate, pro-business Democrats expression their disapproval of the smear campaign.
It's sad to watch the White House stoop to these depths to try to salvage an election. That's clearly what this is all about. The administration and its Congressional allies are desperately trying to change the subject away from our stalled economy and nearly double-digit unemployment. They hope that by demonizing those who oppose their failed policies, they can fire up their dispirited and disappointed base and silence our voice.
It won't work. The American people will not be fooled. For two years, they have been telling our leaders in government that creating jobs is their top priority. But the government has not listened and is now trying to change the subject again—away from what matters most to the American people.
Nor will the Chamber be silenced. In fact, for the next three weeks leading up to Election Day you will see us ramp up efforts to educate voters about the positions of candidates of both parties who are committed to free enterprise and economic growth.
In its smear campaign against the Chamber and others, the administration and its allies have conveniently forgotten that in 2008, more than $400 million in outside money—much of it from undisclosed sources—was used to help elect President Obama and the current Congressional majority. In the current election cycle, just three unions alone have announced plans to spend in excess of $150 million to support pro-union candidates.
You can see why it is absolutely critical that the business community remains engaged in the political process. If we succumb to threats and intimidation and become distracted or silenced, the only voices left will be those of the unions and other anti-business activists.
That's why we have worked hard and successfully to stop the so-called DISCLOSE Act on Capitol Hill—a partisan political measure that had nothing to do with disclosure and everything to do with protecting endangered incumbents. It is in the wake of that defeat that the administration launched this new smear campaign—part of a disturbing pattern of demonizing America's job creators and those who represent them.
I want to assure all Chamber members that we will remain totally focused on promoting policies that can fix the American economy and create jobs. The Chamber has a 100-year track record of defending business and supporting free enterprise, and there is nothing secret about who we are and what we stand for.
We will not be deterred from full and vigorous participation in the political process. And, we will continue to successfully protect the rights and privacy of our members as they exercise their Constitutionally-guaranteed freedom of association in supporting the Chamber's programs and activities.
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Good-Bye Job Killing Moratorium, Hello Job Killing Regulations
The White House announced today that the Department of Interior will be lifting the ban on off-shore oil drilling. This is good news. The Bureau of Ocean Energy Management, Regulation and Enforcement Michael Bromwich had estimated that the ban cost the region more than 20,000 jobs. Unfortunately, the Obama administration is leaving costly new job killing regulations in its place. Greenwire reports:
The Obama administration is acknowledging that its new offshore drilling safety regulations will raise costs for the oil and gas industry — and may also delay some offshore development, slightly increase gas prices and kill some jobs.
The new rules unveiled last week would increase operating costs by an estimated $1.42 million for each new deepwater well drilled with a floating rig, $170,000 for each new deepwater well drilled with a platform rig and $90,000 for each new shallow-water well, according to an Interior Department notice released yesterday.
Interior Secretary Ken Salazar says the increased costs are worth it because it will reduce the risk of a new oil spill. But Secretary Salazar failed to identify how much risk the new regulations would reduce. How can the cost justify the risk if they don't even know what the risk is?
For a better solution to oil spill liability, click here.
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Wal-Mart U.S. Sales Not Bouncing Back, Cleveland Research Says
Wal-Mart Stores Inc. may fail to turn its sales around by the holiday season as executives have forecast since the discount retailer has yet to lure customers back to stores, according to Cleveland Research Co.
http://www.businessweek.com/news/2010-10-12/wal-mart-u-s-sales-not-bouncing-back-cleveland-research-says.html
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Political Ploy? Obama Lifts Drilling Ban
(Reuters) - The Obama administration on Tuesday lifted its ban on deepwater drilling seven weeks ahead of schedule, saying new rules cut the risk of a repeat of the BP oil spill, the worst ever to hit the United States.
Restarting deepwater drilling could be slow, however, as oil companies will need to comply with the new regulatory regime and demonstrate they can adequately respond to blowouts before drilling can resume, the Interior Department said.
"The oil and gas industry will be operating under tighter rules, stronger oversight, and in a regulatory environment that will remain dynamic as we continue to build on the reforms we have already implemented," Interior Secretary Ken Salazar said in a statement.
The Obama administration is lifting the controversial drilling ban as his Democrats prepare for a tough mid-term election in November, amid concerns over the economy and unemployment.
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Fwd: Clint Howard and Crew Return in Our New Video
Clint Howard and Crew Return in Our New Video
Dear Jay,
Last week, on the heels of our successful 'money bomb,' we released another in our series of satirical videos poking fun at Congress.
This latest video captures the absurdity of a Congressman trying to justify his record of raising taxes. It already has almost 50,000 views on YouTube.
Early last week, we announced the video in three ways: Facebook, Twitter, and our activism site. This inner circle of Facebook fans, Twitter followers and activists saw the video first. You should join them to get the latest from Heritage Action. Whether Congress is up to its usual mischief, or we unveil new campaigns, this inner circle hears first.Become part of our inner circle to get the latest from Heritage Action:
Log in to our activism site frequently to see the latest in our efforts and take the latest action to influence your members of Congress.
After the election, Congress could be voting on Obama's tax hikes. Heritage Action needs your help to make the case for lower taxes, smaller government and conservative values.Sign up now to join the fight.
Heritage Action for America
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Is Keynesianism a socialist Maneuver?
Marx's socialist forces intended to "use its political supremacy to wrest, by degrees, all capital from the bourgeoisie" and that private savings would be eliminated by the simple expedient of, "centralization of credit in the hands of the state, by means of a national bank with state capital and an exclusive monopoly."(1) This is pure Keynesianism 45 years before Keynes was born.
KEYNES AT HARVARD Economic Deception
as a Political Credo BY
ZYGMUND DOBBS
A Veritas Study
as a Political Credo
BY
ZYGMUND DOBBS
A Veritas Study
2009 Web version transcribed from the
REVISED AND ENLARGED EDITION (1969)
IS KEYNESIANISM A SOCIALIST MANEUVER?
There has been a steady and increasing chorus of denials that Keynes and his theories have anything to do with socialists and socialism. Incongruous as it may seem, most of the disclaimers have come from socialists themselves. Beware when socialists defend anyone against socialism! However, there are those bearing conservative labels who join in the same denial. The campaign has been incredibly successful.
Keynes is fixed in the minds of most observers as a savior of capitalism. The argument proceeds that the private enterprise system was failing and take-over either by communists or fascists was imminent. Along came Keynes with a presumably unique and original plan to save the doomed capitalist system from complete disaster. The major precept was projected as a theory of "mixed economy" whereby the government would act as receiver and administrator of the "national product."
The liberals, bankers, manufacturers and government officials who embraced this package went through the motions like men grabbing at life preservers while still standing on the shore. The sight of the economic waves in the distance was projected histrionically as actual drowning. This stampeded the foolish, the timid and the opportunistic into accepting an old reactionary propaganda device that was refurbished in the modern tones of a cultured English accent.
The first thing Keynes did was to disclaim any connection with marxism. This was an elementary Fabian socialist diversionary move to distract the public from noting Karl Marx's projection of a "mixed economy" in the Communist Manifesto of 1847. Academic pundits suddenly developed a conscious amnesia about the fact that Marx's socialist forces intended to "use its political supremacy to wrest, by degrees, all capital from the bourgeoisie" and that private savings would be eliminated by the simple expedient of, "centralization of credit in the hands of the state, by means of a national bank with state capital and an exclusive monopoly."(1) This is pure Keynesianism 45 years before Keynes was born. The elimination of private savings and the "euthenasia of the rentier" was the touchstone of the entire Keynesian edifice. Government manipulation of credit policies and regulations that control production movements to undermine the principle of property rights was boldly and directly proclaimed by Marx:
Of course, in the beginning, this cannot be effected except by means of despotic inroads on the rights of property, and on the conditions of bourgeois production; by means of measures, therefore, which appear economically insufficient and untenable, but which in the course of the movement, outstrip themselves, necessitate further inroads upon the old social order, and are unavoidable as a means of entirely revolutionising the mode of production.(2)
Of course, the heavy lever to make all this possible is proclaimed as, "A heavy progressive or graduated income tax."(3)
Karl Marx laid down these strategic devices not as socialism per se but as the means of emasculating private enterprise before instituting a functional socialism. This is precisely what the hard core Keynesians set out to do. With Marx's clear exposition we begin to understand the Keynesian give-away programs and the soaring national deficit policies in which as stated above, "appear economically insufficient and untenable."
When John Maynard Keynes was seven years old (1890) his father authored a volume entitled the Scope and Method of Political Economy. The Keynesian method of double entendre was developed by the elder Keynes to a fine art. An economist who could write a 370 page book studded with marxist-like metaphors without once mentioning the name of Marx must be credited at being a master of skillful literary concealment. J.N. Keynes' talent of assuming a respectable posture within an academic sanctuary while chipping away at the edifice of private enterprise, was passed on to his son. John Neville Keynes managed to smuggle in the marxist theme that, "Schemes of socialism, moreover, as distinguished from pure communism, do not necessarily involve the entire abolition of free exchange."(4)
J.N. Keynes illustrated through a most intricate web of subtle suggestions that the concept of private enterprise can be switched around to prove it either as desirable or a menace according to one's motives. He also made allusions to government regulations and the possible need for a world body to control the economic life of man thus predating his son John Maynard by 54 years on the same proposition.(5) J.N. Keynes had two fellow leftists to aid him in his book. One was Henry Sidgwick and the other was Alfred Marshall, both being socialists and mentors of young John Maynard Keynes.(6) The elder Keynes book was required reading among Fabian socialists and was listed for sale in the official organ of the American Fabian Society under the listing, "Recommended books on Socialism and Social Reform."(7) Thus John Maynard Keynes was nurtured on socialism and atheism practically from his mother's milk.
At the age of 21 Keynes was taken in hand by G. Lowes Dickinson, the effete Fabian socialist at Cambridge University. There he was joined by Leonard Woolf, a life long Fabian and G.E. Moore the philosopher of the Fabian Society of socialists. John Maynard Keynes reported his activities dutifully to his father, who was a lecturer in moral science at the University. The role of steering his son into the respectable facade of Fabian socialism has not been properly aired in biographical sketches of the elder Keynes. It is generally overlooked that John Neville Keynes was general overseer of his sons activities and associations at Cambridge.
It is reported that in 1905, "A wave of Fabian socialism was soon sweeping over the new undergraduates, and politics, not psychological literature, became the principal topic of conversation among the intelligentsia. This new tide caught up many of Lytton's friends—including James, Maynard Keynes, and Brooke himself." (Lytton and James Strachey and Rupert Brooke. –ed.)(8) James Strachey was a life long member of the Fabian Society and Rupert Brooke, an intimate of Keynes, became the president of the Cambridge Fabian Society.(9) The teachings of Sydney and Beatrice Webb, as Fabian leaders, became the guide line for this group. In fact, every basic theme brought out by Keynes in later life can be traced to the economic and political principles taught by the Webbs many years before.
The chronology of John Maynard Keynes' association and activity with Fabian socialism is unbroken from 1904 until his death. In 1912 Keynes was reported as a member of "an astonishingly brilliant batch" of Cambridge Fabians.(10) Like his American Fabian colleagues, such as Felix Frankfurter, Walter Lippmann and Frederick P. Keppel, Keynes was a key expediter of conscientious objectors in England. Like his American counterparts, Keynes was also a government official while at the same time carrying out socialist defeatist policies. This covered the World War I period from 1914-1918.
In spite of his public record as a socialist, Keynes was appointed as an aid to Prime Minister David Lloyd George during the Paris peace talks with Germany in 1919. During this period he was asked by the Fabian socialists to head their London School of Economics.(11) As mentioned previously, Keynes quit the peace conference along with Walter Lippmann because their leftist proposals were not accepted.
At the end of 1919, Keynes wrote The Economic Consequences of the Peace of which a special edition was published bearing the imprint of the British Fabian Society. This special edition was distributed among socialists both in England and the United States. It was at this time that the Fabian socialists began to pass off Keynes as a "capitalist economist." At the same time the identical process was applied to Frankfurter and Lippmann in America.
However, Keynes privately was quite insistent that he was a red. During December 1917, Keynes wrote to his mother,
My Christmas thoughts are that a further prolongation of the war, with the turn things have taken, probably means the disappearance of the social order we have known hitherto. With some regrets I think I am on the whole not sorry. The abolition of the rich will be rather a comfort and serve them right anyhow. What frightens me more is the prospect of general impoverishment. In another year's time we shall have forfeited the claim we had staked out in the New World and in exchange this country will be mortgaged to America. Well, the only course open to me is to be bouyantly bolshevik; and as I lie in bed in the morning I reflect with a good deal of satisfaction that, because our rulers are as incompetent as they are mad and wicked, one particular era of a particular kind of a civilization is very nearly over.(12)
The following year Keynes reiterated to his mother about "being a Bolshevik." In September 1918 Keynes wrote confidentially,
My most amusing job just lately has been to invent a new currency for Russia. Dudley Ward and I have been spending a great deal of time on the details, as we have had to design the notes, get them printed, choose the personnel, answer conundrums and do the whole thing from top to toe. We hope to have the plan launched on the world in two or three weeks' time.(13)
The plan to refashion Keynes as a capitalist authority who would play the role of 'admitting' the dastardly deeds of his 'class' was not confined to the socialists in England. The Bolsheviks pursued the same line. In 1919 Nicolai Lenin issued a wildly enthusiastic panegyric on Keynes book, The Economic Consequences of the Peace. He declared, "Nowhere has the Versailles Treaty been described so well as in the book by Keynes."(14) The fat was in the fire and Keynes' pro-bolshevism was in danger of being publicly established. Keynes as a covert leftist partisan posing as a defender of capitalism was in jeopardy.
Lenin later manipulated one of his adroit propaganda side-steps by quoting Keynes and utilizing his material and at the same time damning him as, "a ruthless opponent of Bolshevism." This saved Keynes for the role as an anti-bolshevik figure among influential circles in Great Britain. It was a brilliant deception and indicated a skillful close-order drill in left-wing political cover-up. Lenin, of course, was well apprised of Keynes bolshevik sympathies. The red cells at Cambridge University were in close contact with the Fabians and a full dossier on Keynes was available to the Soviet leaders.
Lenin managed to exploit Keynes' leftist slant in the Fabian Society's edition of the Economic Consequences and at the same time sufficiently damn him so as to safeguard his role as a 'plant' in conservative economic circles.
Lenin formalized this Keynesian posture at the Second Congress of the Communist International addressing red delegates from every country in the world on July 19, 1920 with the declaration; "I will quote another economic source which assumes particularly great significance, the British diplomat Keynes, the author of The Economic Consequences of the Peace, who on the instructions of his government, took part in the Versailles peace negotiations, watched them directly from the purely bourgeois point of view, studied the subject step by step, and took part in the conference as an economist. He arrived at conclusions which are stronger, more striking and more instructive than any a Communist revolutionary could advance, because they are conclusions drawn by an acknowledged bourgeois, a ruthless opponent of Bolshevism, which he, like an English philistine, pictures to himself in a monstrous, savage and brutal form. Keynes arrived at the conclusion that Europe and the whole world, with the Versailles Peace, is heading for bankruptcy. Keynes resigned; he threw his book in the face of the government and said: 'You are committing acts of madness.' "(15)
In this case when Lenin engaged in name calling he obviously furnished Keynes with political defenses that could be employed to further infiltrate the more respectable British institutions. This was and is a common Bolshevik device to cover their 'respectable' agents.
This "ruthless opponent of Bolshevism" was allowed to move freely throughout the Soviet Union in 1925 and again in 1928 with his Russian born wife. If Lenin's accusation had any serious intent then Keynes and his wife would have naturally been barred at the red frontier. Otherwise they would have been shot since these were the years of the Red Terror where even menshevik socialists were being executed by the thousands.(16) Keynes had to be a pro-bolshevik in order to receive these special privileges. Keynes was not the only one since thousands of so-called reform socialists were flitting in and out of communist organizations at that time. In the United States the Fabians even applied to the Russian Bolsheviks for admission into the Communist International, with headquarters in Moscow.(17)
In 1926 Keynes emphasized his pro-bolshevik position by writing that he was on the "extreme left" as compared to Sidney Webb the head of the Fabian socialists in Britain.(18) Keynes' subsequent organization of the International Monetary Fund in cooperation with Soviet representatives and American Soviet spies (1945-46) demonstrates his continuing Soviet associations even towards the end of his life.
Keynes' sociological and economic devices are applicable to the entire dictatorial spectrum. In 1928 on his way back from the Soviet Union Keynes had a long conference with the German economist Hjalmar Schacht. Keynes reported that he and Schacht agreed on Keynesian policies. Thirty-four months later Schacht joined hands with Hitler and utilized Keynesian methods to socialize the German nation for a war economy. When World War II began Keynes declared, "that Britain would have to employ all of the weapons of Dr. Schacht."(19) Later Keynes reiterated that, "the various recipies devised by Dr. Schacht for Germany would have to be applied by Britain. . . ."(20) The Fabian socialists pondered over the Keynesian nature of Hitlerian economics. As mentioned before, Mussolini saw in Keynes projections the basic economic weapons with which to shore up his Fascist System. Earl Browder while still National Secretary of the Communist Party of the United States also realized that Keynes furnished the perfect battering ram with which to topple the system of free enterprise thereby laying the groundwork for an American Soviet system. Hitler, Mussolini and the communists all found Keynesian formulas equally acceptable as a means of expediting totalitarian rule.
The British Fabian socialists analyzed this controlled state potential and passed the lesson on to their followers. John Strachey a top Fabian (and a former communist) and a cabinet member in the Labor government, (Fabian socialist) explained the Keynesian lesson in Hitler's economic successes as follows:
By what black magic, as it seemed to most contemporary observers, had the thing been done? As a matter of fact, the Nazis had merely applied, albeit with whole-hearted vigour, measures for the restoration of full employment which now have become commonplace of almost all informed economic and political discussion. They had simply applied those obvious remedies of 're-flation' which follow naturally from Keynes' critique of the loss of inherent stability in latter-day capitalism.(21)
With the Fabian admission that Nazism was a socialistic form of rule we have the callous observation that Hitler made things work. The fact that this was made to function by planned human sacrifice of millions of humans and massive expropriations of private property is overlooked with coldly clinical detachment by the Fabian mind.
One of the most puzzling paradoxes is the insistant claim by almost all leftists that Keynes was a 'capitalist economist.' Since the original leftist projection in 1920 (after Keynes' publication of The Economic Consequences of the Peace) of Keynes as a follower of classical economics there has been a concerted campaign to present him as the ultimate in scientific detachment.
The follow-up tactic was to pose Keynes' pronouncements as 'confessions' of wrong-doing from inside the 'capitalist camp.' This political duplexity and improvised make-believe has beguiled an unbelievable number of bankers, manufacturers and key political figures. The tactic of political impersonation coupled with the utmost contempt for those who have been seduced has been reflected in the United States through such Fabians as John K. Galbraith, Seymour Harris and Arthur Schlesinger, Jr.
Extraordinary efforts have been made to deny Keynes' connections with Fabian socialism. There has been an almost hysterical chant insisting that Keynes was anti-socialist and anti-bolshevik. Actually Keynes periodic surfacing as a pro-Soviet partisan is much more recognizable than the records of such notorious Soviet agents as Alger Hiss and Harry Dexter White.
Keynes' tie-in with Fabian socialism is so extensive that it is difficult to compress the record within the confines of a few pages. Even a thousand page book would not exhaust Keynes' Fabian trail. A few high points will serve to dramatize the depth and extent of Keynes Fabian immersion. In 1925 in an article entitled "The Future" Keynes declared rapturously, "What a debt every intelligent being owes to Bernard Shaw!" This statement was repeated by Keynes in 1932.(22) Shaw along with the Webbs was the high priest of Fabianism in both Britain and the United States. About that time Shaw had just completed his Intelligent Woman's Guide to Socialism laying down the rules for future socialism wherein all dissidents would be killed mercifully. Keynes retained political intimacy covering the entire period when Shaw became in turn an advocate of Mussolini's fascism, Hitler's nazism and Stalin's bloody rule.
In the 1920's Keynes set the pattern for devious Fabian permeations. As noted previously Margaret Cole a high Fabian executive, blamed Keynes for leading the younger socialists into the dishonest use of statistics in putting across Fabian propaganda.(23)
Exploiting the political naivete of Americans both Walter Lippmann and Felix Frankfurter in 1919 served as Fabian socialist midwives in the birth of Keynesianism in this country. In that year Frankfurter brought over the manuscript of Keynes' Economic Consequences of the Peace from England to be published here. In the 1930's Lippmann and Frankfurter again expedited Keynes' writings.
In 1933 Frankfurter was ensconced as a lecturer in Oxford University. Fellow Fabian socialist Arthur Schlesinger, Jr. reports that, "Later in the Autumn Keynes had talks with Frankfurter, who was then at Oxford; and in December Frankfurter forwarded to Roosevelt an advance copy of an open letter to the President scheduled for publication in the New York Times at the end of the year."(24) Thus the New Deal coterie of Fabians arranged a preplanned 'spontaneous' open letter that was made to appear as an expression from an independently minded English economist. In the meantime F.D.R. had the copy in his hand well in advance of the N.Y. Times publication date. The Times was privy to this unprincipled scheme to fool the American people and has been in the forefront selling Fabian socialism, writ 'Keynesian' ever since.
When American Fabian socialists within the New Deal found need to organize another 'spontaneous' point of pressure the deception was pulled off again. Schlesinger boasted that when Keynes visited the United States in 1934, "Keynes found others in Washington more receptive. Steered around by Tugwell, he met a number of younger men and told them to spend—a monthly deficit of only $200 million, he said, would send the nation back to the bottom of the depression, but $300 million would hold it even and $400 million would bring recovery. A few days later he sent Roosevelt the draft of another New York Times article entitled 'agenda for the President.' "(25) The sequence of multi-layered trickery was carried off with the dispatch of a smooth confidence game. First Keynes conspired with Fabians in Washington to establish policy pressures from within the administrative bureaucracy. This was done behind F.D.R's back. Next he conspired with the president to plant a so-called independent article. F.D. Roosevelt went over this material with Keynes beforehand. Next Keynes arranged with the leftists in the New York Times to put over this piece of manufactured news onto the public as an exclusive feature. In this intricate maneuver everyone was deceived in some measure, except the Fabian socialist center.
The intertwining deceptions became a habituated reflex among Fabian schemers. Their success in duping those in high finance to serve leftist purposes is phenomenal. They developed psychological skills especially tailored to get the pompous and opportunistic collectors of fame and glory to dance to the leftist tune. These clever intriguers became highly skilled in the black art of planting ideas in the minds of those self-admiring egocentrics who occupy positions of influence. The diaries and private letters of the founders of Fabian socialism are filled with self-congratulatory gloatings over how the selfish and power-hungry in high places, are seduced into carrying out Fabian policies under the illusion that these are their own independently thought out concepts.(26)
Marriner Eccles, chairman of the Federal Reserve Board under F.D.R. and an official of the vital National Advisory Council on International Monetary and Financial Problems under President Truman is a classic example of a Fabian manipulated policy maker. Eccles was duped into thinking that his Keynesian Economic projections were the product of his own brain. While his autobiography is full of barbs as to the lack of intelligence among the banking and industrial community, his own involvement shows an amazing degree of obtuseness. Eccles was so anxious to show up his own peers that he fell under the spell of the same dupery that he practiced on those in the business world.
Eccles was a Western banker who inherited a tremendous fortune and managed to control a massive interlocking complex consisting of banks, real estate, utilities, minerals and industries. In the early 1930's the word passed among the Fabian socialist idealogues in the University of Utah that Eccles was ripe for a Trojan horse role while dressed in the garb of 'international banker.' A reading of his autobiography clearly shows that he was impelled by continuous pressures and brain washing applied by Fabian socialists who 'just happened' to wander into the Utah territory. The deliberate scheme to set Eccles up as sort of an economic 'Judas bull' and fashioned to bludgeon his fellow capitalists into Keynesian paths, is a raw example of a time worn strategem that had been tried out on wealthy dupes in England many times before. One could list a dozen examples of other so-called American business representatives of that time, who carried the Fabian package in the shelter of their personal copyright. They sounded and acted as if they were all shaped by the same cookie cutter. Keynesianism was the new name brand for the old Fabian recipe.
The record shows that Eccles was bounced along between such Fabian socialists as Adolph Berle, Isidore Lubin, Paul H. Douglas and Leon Henderson. Included in this pressure group was Lauchlin Currie who later fled the country when faced with the charge of being a Soviet spy.(28) However, the chief convincer was Stuart Chase who sold Eccles on the theories of John M. Keynes in 1933.
Chase was the crafty manipulator who just a few months before issued a book advocating a reign of terror against capitalists via firing squads. Chase's book, incidentally, was published by the presumably staid Macmillan Company. The first sentence of the book declares, "John Maynard Keynes tells us that in one hundred years there will be no economic problem," and the last sentence proclaims, "Why should Russians have all the fun of remaking a world?"(29) It became must reading among New Dealers who enthusiastically embraced the title of the book as their own name.
Chase pulled Eccles along by his ego and ensconced him in Washington among the Fabian wolf pack using him as front runner for socialistic utterances. Thus Fabianism had another of its perfect Trojan Horses effectively disguising its leftist motives. In recent years Stuart Chase has sunk his roots in the Rockefeller controlled giant, Standard Oil of New Jersey. Ensconced as policy maker Chase has pulled the strings that stimulate the Rockefeller political reflexes.
Stuart Chase listed the sixteen categories of capitalists slated to be killed after the Fabian take over. Five of the sixteen proscriptions fit Mr. Eccles performances in the investment field. They were: 1. Loaning of money at high interest rates to small borrowers. 2. Speculating in securities. 3. Speculating in land and natural resources. 4. Speculating in commodities. 5. Promoting of products through high pressure advertising gimmicks.
On the basis of the above Mr. Eccles would be a candidate for execution at least five times under Stuart Chase's socialist ground rules.(30) Since Stuart Chase in recent years attached himself to the Rockefeller financial complex it is interesting to note that they qualify for at least ten of the categories that invite the firing squad. Thus many of the very wealthy seem to be almost morbidly attracted to those who intend to destroy them. It makes an interesting study in human incongruity.
We are all familiar with the victims of communist or nazi butchery who were forced to dig their own graves. In the case of Eccles and others of his ilk they rush to embrace their own potential executioners. Through people such as Eccles the Fabians were able to get a strangle hold on the Federal Reserve system and were able to siphon off billions of American dollars onto foreign soil. The siren song of Keynesianism has been the catalyst binding the willing dupes to the hard core socialist schemers.
Keynes' card-carrying record as a Fabian socialist is clear and unmistakable. This fact alone is remarkable because the usual procedure by the Fabian leadership is to disguise their prominent political operatives under non-socialist and even anti-socialist colors. In England the knowledge of Keynes Fabian connection has long been an accepted fact. It is only in the United States that the Fabians have been able to successfully cast Keynes in the role of an independent non-socialist.
For many years editions of the Fabian News bore announcements of Keynes' lectures at Fabian socialist functions. Although Keynes found permanent sanctuary within the British Liberal Party his real influence was within the Fabian dominated Labour Party. A prominent Fabian leader admitted that, "J.M. Keynes' theories were far more powerful inside it (Labour Party) than elsewhere."(31) And John Strachey, veteran Fabian within the Labour Party, in commenting about the second Labour Government of 1929 admitted, "We young people in the Labour Movement were in touch with him (Keynes) and we were convinced that whether he was right or wrong, an attempt to combat unemployment with some sort of Keynesian lines was the one hope for the Government."(32)
Keynes was admittedly an associate member of the influential New Fabian Research Bureau which was wildly pro-Soviet.(33) During the early 1950's the Home Research Secretary of the Fabian Society openly admitted that J.M. Keynes was a Fabian.(34)
In 1935 Sidney and Beatrice Webb had published a two volume work ghosted for them by the Soviet Foreign Office and were fully immersed in glorifying the Soviet Union. At that time Keynes visited them and complained that his General Theory wasn't selling well. Soon the Fabian juggernaut began to pass the word through in Britain and the United States. The intercession on the part of his fellow Fabians worked like magic for Keynes. Soon his General Theory became a best seller and the campaign was on to peddle the socialist line via the Keynesian label. Thus the question whether Keynes was a Fabian can be coupled with the question was Stalin a Bolshevik? Some observers ask the question in compound form;—Was Keynes a pro-Bolshevik Fabian?
The defense will immediately greet our thesis with the declaration that Keynes' moral conduct has nothing to do with the validity of his teaching and advocacy. The left-wing continually claims scientific objectivity and impartiality for its minions regardless of their ideological faith or their depraved conduct.
One could conceivably concede that an individual with an addiction to something odious could advocate something of merit if he would recognize to himself that his problem was indeed a perversion and a threat to society. However, Keynes and his entire circle operated in the firm belief that their depravities were superior to the accepted norm of morality. Sexual molestation of children was adorned with a philosophic justification that denounced heterosexual society as stupid and tradition bound. Underscoring this animalistic nest of perversion, and drugs, was a general leftist belief in socialism.
Already the New York Times has sent out journalistic feelers that perhaps it is time to abandon Keynes as a symbol of the Fabian process.(35) However, their fear of public arousal due to the scandalous disclosures in the Strachey-Keynes letters has proven to be groundless. The American public has been apathetic and even indifferent to (the fact that the main economic theory governing our society was conceived in a mind depraved through sexual perversion. It is our contention that Keynes is no more qualified to furnish a healthy economic theory than a gangster chieftain would be to furnish the guidelines in the pursuance of criminology.
1 Karl Marx, Communist Manifesto, Introduction by Harold Laski, Chairman of the Executive Committee of the Fabian Society. Foreword by the Labour Party. Allen and Unwin, London, 1961, pp. 144-45. (An earlier version with an introduction by Laski was published by the Fabian Society in Great Britain in 1921. In 1933 the League for Industrial Democracy—The American Fabians—republished the British edition with an introduction by Norman Thomas which stated at the outset:
The Modern, world wide Socialist movement has antecedents far back in history, but in its present scientific formulation it began with the appearance of the Communist Manifesto in 1848.
Later Thomas proclaimed,
It is only the very greatest of the leaders of the historic religions of mankind who can vie with Karl Marx in the hold their names have over the affection—yes, the reverence of men.
In concluding Norman Thomas in speaking of the Communist Manifesto, declared:
It still remains, however, as a charter of a great working class struggle for its own emancipation and the achievement of the classless society.
It is important to note that both Laski and Thomas were also avid supporters of the so-called non-socialist theories of J.M. Keynes.
2 Ibid., p. 145.
3 Ibid. (Contrary to common opinion the income tax is an ancient device used from time immemorial to extract wealth and to control populations, particularly by despotic systems.)
4 John Neville Keynes, Scope and Method of Political Economy, Macmillan, London, 1891, p. 69
5 Ibid,. pp. 76, 78, 81.
6 Sidgwick was referred to in the Fabian socialist Encyclopedia of Social Reform as supporting the "views of the men sometimes called Socialists of the Chair. . . ." (p. 1238). Marshall's socialism will be dealt with in further detail in the next chapter.
7 American Fabian, Dec. 1895, pp. 13, 16.
8 Holroyd, Lytton Strachey, Vol. 1, p. 250.
9 Ibid.
Beatrice Webb, Our Partnership, Longman's Green and Co., London, 1948.
"James B. Strachey, the psychoanalyst, brother of Lytton Strachey. As an undergraduate of Trinity College joined the Cambridge University Fabian Society in 1908." p. 526.
10 Anne Fremantle, This Little Band of Prophets, Mentor, p. 230.
11 Harrod, Life of Keynes, p. 249.
12 Harrod, Life of Keynes, p. 224.
13 Ibid., p. 227.
14 V.I. Lenin, Selected Works, Moscow, U.S.S.R. Vol. VIII, p. 289.
15 V.I. Lenin, Selected Works, Vol. X, p. 184.
16 Robert Conquest, The Great Terror, Macmillan, N.Y. 1968, p. 298. "To have anything to do with foreigners was one almost certain road to arrest."
17 In 1920 top Fabian socialists in the United States declared for the Communist International with headquarters in Moscow. (See State of New York Proceedings of the Judiciary Committee of the Assembly, Legislative Document No. 35, Volume II, pp. 1352-53.)
18 A speech by Keynes before the Manchester Reform Club on Feb. 9, 1926. (See Essays in Persuasion, p. 341)
19 Harrod, J.M. Keynes, p. 513.
20 Ibid., p. 525.
21 John Strachey, The Strangled Cry, William Sloane Associates, 1962, New York, pp. 241-42.
22 Essays in Persuasion, p. 357.
23 Margaret Cole, Growing Up Into Revolution, p. 90.
24 Arthur M. Schlesinger, Jr., The Politics of Upheaval, Houghton Mifflin, Boston, 1960, p. 404.
25 Ibid., pp. 406-07.
26 See Beatrice Webb, Our Partnership, Bernard Shaw Collected Letters, Autobiography of Bertrand Russell, Harrod, Life of Keynes and Holroyd, Lytton Strachey, (2 Vols.).
28 Ibid., pp. 85, 87, 304.
Burnham, Web of Subversion, pp. 162-69.
29 Stuart Chase, A New Deal, pp. 1,252.
30 Ibid., pp. 6-19. (Chase reduces the sixteen 'capitalist crimes' to five "basic patterns." The five categories would entirely cover both Eccles and the Rockefellers. On that basis there would be no hope for either in the projected socialism to come.)
31 Raymond Postgate, The Life of George Lansbury, p. 262.
32 John Strachey, The Strangled Cry, p. 186.
33 Margaret Cole, The Story of Fabian Socialism, pp. 228-235.
34 Sister M. Margaret Patricia McCarram, Ph.D., Fabianism in the Political Life of Britain, 1919-1931, p. 569.
35 "Is Keynes Defunct?" New York Times, November 6, 1968.
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The Disgraceful State of Our Government
November 2 is important, but it is merely a first step. One of our political parties may have to disappear for the other one to get the message that the American people are trying to send. So be it.
by Monty Pelerin 10-12-2010 Monty Pelerin's World
The WSJ led an editorial with the following:
Perhaps you missed it, but then so did the Washington press corps. Late last week the Congressional Budget Office released its preliminary budget tallies for fiscal year 2010, and the news is that the U.S. government had another fabulous year—in spending your money. We didn't expect President Obama to hold a press conference, but why are Republicans so quiet?
As outrageous as the spending was, the silence of the Republicans is just as troubling. Why are we not hearing about this from them? Are they inept as politicians? Or is it the Angelo Codevilla problem manifest?
November 2 is important, but it is merely a first step. One of our political parties may have to disappear for the other one to get the message that the American people are trying to send. So be it.
Better yet, two new parties might be more appropriate. How about the Constitution Party and the Tea Party?
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How Many Jobs Will the Obama Administration's Ozone Rule Kill in Your State?
Today, the national unemployment rate stands at a painful 9.6 percent. Unfortunately, reports indicate that the Obama administration, through...
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Federal judge issues nationwide injunction stopping enforcement of military ban on gays, CA
RIVERSIDE, Calif. (AP) — Federal judge issues nationwide injunction stopping enforcement of military ban on gays.
http://dailycaller.com/2010/10/12/federal-judge-issues-nationwide-injunction-stopping-enforcement-of-military-ban-on-gays-ca/
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Fed Officials Were Prepared to Ease ‘Before Long’
Federal Reserve policy makers last month were prepared to ease monetary policy "before long" and focused on purchases of Treasury securities and boosting inflation expectations as ways to add stimulus.
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US Senate Briefing, Tue 10/12/10: About Obama’s ‘budget’ …
The WSJ editors continue, "What did Washington spend more money on? Well, despite two wars, defense spending rose by 4.7% to $667 billion, down from an annual average increase of 8% from 2005 to 2009. Once again domestic accounts far and away led the increases. Medicaid rose by 8.7%, and unemployment benefits by an astonishing 34.3%—to $160 billion. The costs of jobless insurance have tripled in two years. CBO adds that if you take out the savings for deposit insurance, funding for all 'other activities' of government—education, transportation, foreign aid, housing, and so on—rose by 13% in 2010."
"As for the deficits," the editorial goes on, "the 2010 total was $1.29 trillion, down slightly from $1.42 trillion. That's a two-year total of $2.7 trillion, or more than the entire amount during the Reagan Administration, when deficits were supposed to be ruinous. Now liberal economists tell us that deficits are the key to restoring prosperity. But all we have to show for spending nearly 25% of GDP for two years running is a growth rate of 1.7% and 9.6% unemployment. Those slow growth numbers have contributed to the deficits by yielding paltry tax revenues."
Recall that it was a week ago that Reuters reported, "President Barack Obama on Monday said the United States was facing an 'untenable fiscal situation' and would have to get serious about tackling its federal deficit." But it's been the policies of President Obama and the Democrat majorities in Congress that have gotten the country into this very fiscal situation. As the WSJ editors put it, "The 21.4% federal spending increase in two years ought to put to rest any debate about the nature of America's fiscal problem. The Pelosi Congress has used the recession as an excuse to send spending to record heights, and its economic policies have contributed to a lousy recovery."
A new Bloomberg National Poll of likely voters today finds that after unemployment, "[t]he budget deficit, which was $1.291 trillion for the fiscal year that ended Sept. 30 and $1.416 trillion for 2009, ranks as the second most pressing issue, cited by 27 percent." Little wonder, then, that the poll's marquee result is, "Hope has turned to doubt and disenchantment for almost half of President Barack Obama's supporters. More than 4 of 10 likely voters who say they once considered themselves Obama backers now are either less supportive or say they no longer support him at all . . . ."
As Senate Republican Leader Mitch McConnell says, "Americans have had it." He pointed out recently, "[W]ith each passing month, and each new jobs report, it becomes increasingly clear that while massive Washington spending is growing the size of government, it's clearly not growing sustainable private-sector jobs. The trillion-dollar stimulus didn't live up to promises made by the Obama administration and Democrats in Congress; the massive growth of the federal government didn't result in a similar growth of jobs; and the maze of new regulations, health care mandates and taxes are having a predictable impact on the economy."
Indeed, and as the WSJ editors conclude, "The solution is to stop the spending and change the policies."
On The Floor
The Senate reconvened for a pro forma session at 10 AM today and is in recess until the next scheduled pro forma session on Friday at 10 AM. The Senate will hold a series of these sessions throughout the recess to prevent President Obama from making recess appointments, on the insistence of Senate Republican Leader Mitch McConnell.
The Senate will next reconvene for legislative business on Monday, November 15th.
The Senate will also hold pro forma sessions on: October 19 at 12:00 PM, October 22 at 1:00 PM, October 26 at 12:00 PM, October 29 at 11:30 AM, November 1 at 9:00 AM, November 4 at 9:00 AM, November 8 at 12:00 PM, November 10 at 9:30 AM, and November 12 at 10:00 AM.
Before leaving, Senate Majority Leader Harry Reid filed cloture on the motions to proceed to 3 bills: a bill to promote natural gas and electric vehicles (S. 3815), a bill Democrats named the "Paycheck Fairness Act" (recall that they named "card check" the "Employee Free Choice Act") (S. 3772), and a food safety bill that expands the FDA's regulatory powers (S. 510).
From the Communications Center
VIDEO: Sen. John Barrasso (R-WY) Delivers Weekly GOP Address On Democrats' Broken Promises
Around the Hill
The Wall Street Journal: The 2010 Spending Record
Bloomberg News: Obama Losing Supporters in Poll as Joblessness Prompts Voters' Discontent
AP: SPIN METER: Foreign money in politics? Not proven
Mark Halperin: Why Obama Is Losing the Political War
Gallup: Americans' Image of "Federal Government" Mostly Negative
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