Federal Reserve Skating on Thin Ice??? – Part 2

Here’s the "stag" portion of the stagflation conundrum: dormant economic activity+inflation. Too soon to panic (panic is never useful) but not too soon to reconsider future policy directives.
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Curt Schilling – This is a GOOD sign, Right?????

This is a picture of Boston Red Sox pitcher Curt Schilling pulling his own luggage carrier with his PITCHING arm. This is a good thing right? I mean, if the right wing was truly shabby, he wouldn’t be doing this, right???? Perhaps the treatments are working and Old Faithful will find himself in the starting rotation around the All Star Break???? Perhaps I am reading too much into this.
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Federal Reserve Skating on Thin Ice?

Federal Reserve Chairman Ben Bernanke’s easy money policy may do harm than good. In the long run, we are all dead, according to John Maynard Keynes. Keynes’ foresight was such that he apparently forsaw what happens (CHAOS!!!) when the Fed decides to reduce interest rates in the face of increasing inflation. When policy makers lose sight of their mandates and capabilities and react in the moment to events, "…in the long run, we are all dead.") In a rather vainglorious effort to "revive" one segment of the U.S. economy (housing), society and the economy at large are placed at risk of inflation and general economic chaos! The first rule of The Bottom Line’s policymaking bureau: First do no harm. The Fed should follow suit by doing what it does best: controlling money supply and short-term interest rates.
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Obama & The Cult of Personality

Sooner or later, the “Obama is God” tour will come to an end, and people will actually begin to question what it is he actually stands for. In statistics, there is a phenomenon called “reversion to the mean” in which a variable or set of variables will coalesce around a pre-established average. Simply put, it’s impossible for an entity to travel straight up or down in perpetuity. Obama, the variable in this case, is pushing this maxim to its limit. His trajectory has been near vertical since campaign liftoff. More and more people (Not Hillary Clinton people – they are clueless at the moment) are starting to look behind the mask to see what’s actually there. And what you will find behind the mask is: A GLIB SOCIALIST. During his tenure as a U.S. Senator has established himself as America’s MOST liberal Senator. Not a good thing if you believe in the principles on which America was founded: personal responsibility and individual initiative. It remains to be seen if this revelation will transpire BEFORE or AFTER the Obama’s move into 1600 Pennsylvania Avenue. Occur, it will however, and when it does, the resultant fall from grace and consequent evisceration of Senator Change and Hope will not be pretty.
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A Romney Campaign Post-Mortem

In light of Mitt Romney’s decision to suspend his campaign, I have been giving thought to some of the factors that served to undermine him. Certainly John McCain enjoyed much greater name recognition among voters. Mike Huckabee’s base of evangelicals served to drain away conservative support to a degree. Romney hurt his own cause by “evolving” from moderate to conservative views on key issues. Two overlooked but no less important hindrances: envy and bigotry. Mitt Romney is a handsome man with an attractive wife, five theoretically perfect children with their own “perfect” lives, and hundreds of millions of dollars. These facts apparently drove his fellow candidates mad with envy and led them to conspire with each other to drive Romney from the race. If true this fact should make none of them proud. Last but not least, Romney’s Mormon faith was definitely s tumbling block. According to respected pollsters Peter Hart and Bill McInturff as quoted in part in The Wall Street Journal, “The Romney Campaign ran into “a religious bias head wind,”"
So, ironically, as this election season moves ahead and Americans ponder electing either a white woman or a black man as their next president, the white guy lost because he was too rich and too Mormon.
And so it goes….
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Message to McCain – Your Actions Speak Louder…

Senator McCain, there is nothing you can DO today to prove to conservative thinkers that you are in fact a conservative. Undoubtedly, your CPAC speech today will contain a multitude of platitudes. But platitudes are no substitute for deeds: You are asking us to BELIEVE that a President McCain would respect the First Amendment, support pro-growth economic policies, secure the nation’s borders, and permit robust terrorist interrogation. The problem is that we need to vote for you in order to find out if you will keep your word. Once elected however, there is nothing to prevent you from reverting to your capricious form. You are askind me to trade an act of certitude today (my vote) for a leap of faith (conservative principles enacted) tomorrow. You may or may not receive my vote. But it would be dangerous for you to assume that disdain for Hillary Clinton translates to an automatic vote for John McCain. It would be fatally dangerous to assume that disdain for Barack Obama translates into an automatic vote for John McCain. Barack Obama is anything but a conservative, but unlike Hillary, Obama is likeable and will be difficult for you to defeat. In parting, Senator McCain, please remember that your past actions speak louder than your present words.
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Romney Reported to Suspend Presidential Campaign

Former Massachusetts governor Mitt Romney is reportedly planning to suspend his campaign for President. The operative phrase here is suspend as opposed to end, although other reports suggest the campaign has in fact been terminated. The word suspend lends itself to the possibility of future reinstatement.
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Nice work if you can get it: Political Elite

How does this sound for a job description:
1) 30 years of age or more
2) US citizen for 9 years or more
3) Resident of 1 of the 50 United States of America
4) Salary:$162,500
5) Excellent benefits(health,dental,vision,retirement,cafeteria,gym)
By now, you have probably guessed the job described above is that of a United States Senator.Left out of this description:paid staff, free postage, highly flexible schedule. In fact, the schedule is SO flexible, it permits Senators to look for new lines of work while on company time and to be paid while looking, ALL AT TAXPAYER EXPENSE. Such is the life of our nation’s political elites. It is a life virtually unknown to the majority of this nation’s citizens. It is also a divide between the elites and the citizens they aspire/purport to represent. Call me naive and/or crazy, but politicians should be forced to resign from one office before campaigning for another.
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