Major screw up with the dollar affects the world’s view of U.S.

Harder to buy US Treasuries
December 18, 2009 by Zhou Xin and Jason Subler

China’s State Administration of Foreign Exchange reaffirmed this month that the dollar stands secure as the anchor of the currency reserves it manages, even as the country seeks to diversify its investments.

In a discussion on the global role of the dollar, Zhu told an academic audience that it was inevitable that the dollar would continue to fall in value because Washington continued to issue more Treasuries to finance its deficit spending.

He then addressed where demand for that debt would come from.

“The United States cannot force foreign governments to increase their holdings of Treasuries,” Zhu said, according to an audio recording of his remarks. “Double the holdings? It is definitely impossible.”

“The US current account deficit is falling as residents’ savings increase, so its trade turnover is falling, which means the US is supplying fewer dollars to the rest of the world,” he added. “The world does not have so much money to buy more US Treasuries.”

Democrats do things their way and the world looses confidence in our country.

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Government’s Good intentions harm the people again

Study: Schools face shortfalls after stimulus ends
December 21, 2009 by MICHAEL GORMLEY

ALBANY, N.Y. (AP) – Using federal stimulus money to avoid layoffs at schools is going to create a shortfall even more difficult for states and schools to contend with when that money runs out, according to a first-of-its-kind study released Monday.

New York alone will see a $2 billion shortfall after stimulus money ends in 2011-12, and that could drive up some of the nation’s highest local property taxes another 8 percent, according to the analysis by state Comptroller Thomas DiNapoli.

bailout, crisis, economics, economy, education, funding, government, nanny state, politics, public policy, reform, spending, tragedy, unintended consequences

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Ala. Dem defects to GOP over health care, policy

Ala. Dem defects to GOP over health care, policy
December 22, 2009 by JAY REEVES

HUNTSVILLE, Ala. (AP) – A U.S. House Democrat who opposes the health care overhaul announced Tuesday he is defecting to the GOP, another blow to Democrats ahead of the midterm elections.

U.S. Rep. Parker Griffith spoke to reporters at his home in northern Alabama, a region that relies heavily on defense and aerospace jobs.

“I believe our nation is at a crossroads and I can no longer align myself with a party that continues to pursue legislation that is bad for our country, hurts our economy, and drives us further and further into debt,” Griffith said as his wife Virginia stood by his side.

Democrats, Republicans, budget, funding, government, health care, ideology, legislation, nanny state, news, philosophy, politics, public policy, reform, spending

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Democratic Districts Won Twice as Much Stimulus as GOP Districts

Democratic Districts Won Twice as Much Stimulus as GOP Districts, Study Shows
December 18, 2009 by Fox News

Democratic districts have received nearly twice as much stimulus money as Republican districts and the cash has been awarded without regard to how badly an area was suffering from job losses, according to a new study.

The Mercatus Center at George Mason University reviewed the distribution of $157 billion in stimulus dollars based on publicly available reports and found that there was “no statistical correlation” between the amount of money a district got and its income or unemployment rate.

“You would think, right, that if the administration believes in its theory that government money can create jobs, they would spend a lot of money in districts that have high unemployment,” study co-author Veronique de Rugy said. “We found absolutely no relationship. It just kind of shows that the money is spent kind of randomly.”

Rather, the study found that Democratic congressional districts received 1.89 times more money than GOP districts. The average award for Democratic districts was $439 million, while the average award for Republican ones was $232 million.

Democrats, bailout, bias, budget, congress, corruption, crisis, economics, economy, funding, government, left wing, liberalism, nanny state, pandering, philosophy, politics, public policy, scandal, spending, stimulus, study

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Are women to blame for global warming?

Pelosi: Climate change is a women’s issue
December 17, 2009 by Eric Zimmermann

Speaker Nancy Pelosi (D-Calif.) addressed the Copenhagen climate change conference today, framing climate change as a women’s issue.

Pelosi said women should be particularly concerned about the detrimental effects of climate change.

“Women have the most to gain and the most to lose in the climate crisis,” she said. “The impacts are not gender-neutral; as the primary users, managers, and stewards of natural resources, women feel the consequences first.”

If women are the primary users, managers and stewards of natural resources, they’re not going a good job, are they Madam Speaker?

Democrats, crisis, elitism, environment, feminism, global warming, government, ideology, indoctrination, left wing, liberalism, nanny state, pandering, philosophy, political correctness, politics, propaganda, regulation

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NYC revoking more than 3,000 housing vouchers

NYC revoking more than 3,000 housing vouchers
December 17, 2009 by AP

New York City has to revoke more than 3,000 vouchers that poor residents were counting on to help pay for housing.

The New York City Housing Authority said Thursday it has to void 3,018 subsidized housing vouchers known as Section 8. They had already been distributed to people who were counting on them.

budget, bureaucracy, congress, crisis, economics, economy, government, nanny state, politics, public policy, recession, tragedy

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Why wait so long to tell us this about the health care bill?

There’ll be a price for new health care benefits
December 9, 2009 by RICARDO ALONSO-ZALDIVAR

WASHINGTON (AP) – Health care overhaul now looks like it really will happen, with a compromise coming together in the Senate to give uninsured Americans options they’ve never had before. But it won’t be a free ride.

Have your checkbooks and credit cards ready. There’s a price for health care security—particularly for solid middle-class households, who wouldn’t get much help with premiums.

Get ready for a whole new set of trade-offs.

The 2,074-page Senate bill will grow even longer as amendments are considered, but the basic outlines of the legislation most likely to pass are becoming clearer.

The overhaul will be phased in slowly, over the next three to four years. But eventually all Americans will be required to carry coverage or face a tax penalty, except in cases of financial hardship. Insurers won’t be able to deny coverage to people with health problems, or charge them more or cut them off.

Most of the uninsured will be covered, but not all. As many as 24 million people would remain uninsured in 2019, many of them otherwise eligible Americans who still can’t afford the premiums. Lawmakers propose to spend nearly $1 trillion over 10 years to provide coverage, most of the money going to help lower-income people. But a middle-class family of four making $66,000 would still have to pay about 10 percent of its income in premiums, not counting co-payments and deductibles.

Preventive benefits for seniors would be improved. So would prescription coverage. But people enrolled in private plans through the Medicare Advantage program are likely to see higher out-of-pocket costs and reduced benefits as overpayments to insurers are scaled back.

Yet from the inside, the federal employee health benefits plan isn’t looking all that great these days. Federal workers do have a wide choice of insurance plans, but they’re looking at hefty premium increases next year. Individual coverage under the most popular plan is going up 15 percent.

Democrats, budget, congress, entitlements, funding, government, health care, ideology, left wing, legislation, liberalism, nanny state, news, philosophy, politics, public policy, spending

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CNN’s Jeanne Moos Highlights ‘Liberal Hate’ at Joe Lieberman

CNN’s Jeanne Moos Highlights ‘Liberal Hate’ at Joe Lieberman
December 16, 2009 by Matthew Balan

On Wednesday’s Situation Room, CNN correspondent Jeanne Moos exposed some of the left-wing rage being directed at Senator Joe Lieberman, especially on the Internet. Moos’s examples of “liberal hate” at the Connecticut politician ranged from fantasy Hanukkah gifts, such as a muzzle, to a YouTube video of a woman having her cats attack a string which stood in for the senator [Moos's full report is available here].

The correspondent’s latest light report for CNN highlighted Liberman’s “new low among liberals.” Along with the multiple examples of leftists mocking the senator on YouTube.com, Moos noted the strong reactions from “progressive radio hosts,” such as Mike Malloy, and attacks on liberal blogs like The Huffington Post and Daily Kos

Democrats, bigotry, discrimination, government, hate speech, health care, ideology, intolerance, left wing, liberalism, nanny state, pandering, philosophy, political correctness, politics, protests, video

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Rachel Maddow lies about ex-gay author

Rachel Maddow Falsely Claims Ex-Gay Author Gave ‘Support and Encouragement’ for Execution of Gays in Uganda
December 17, 2009 by Jack Coleman

It’s one thing to justifiably criticize an author for dubious claims. It’s quite another to assert that the same author supported something heinous he adamantly opposes. MSNBC’s Rachel Maddow did both over the last two weeks.

Maddow’s regular viewers have recently learned a great deal about Ugandan politics, as nearly every broadcast of her show since late November has featured a segment on proposed legislation in Uganda calling for harsh penalties against gays, including execution.

Wow. I guess there’s no stopping sycophantic fake journalists from improving network ratings an any cost.

abuse, bias, bigotry, discrimination, diversity, false, fraud, hate crime, hate speech, homosexuality, ideology, intolerance, left wing, legislation, liberalism, news media, oppression, pandering, philosophy, political correctness, politics, propaganda, scandal

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N.J. Teacher Tells Girl to Put Away Bible

N.J. Teacher Tells Girl to Put Away Bible
December 16, 2009

A third grader was told by a teacher at her New Jersey elementary school that the Bible was not appropriate reading material for quiet time, MyFoxNY.com reported.

The teacher at Madison Park Elementary School in Old Bridge, N.J., ordered the girl, Mariah, to put away her Bible.

Michelle Jordat, Mariah’s mother, said her daughter was upset and confused by the incident, MyFoxNY.com reported.

abuse, anti-religion, atheism, bigotry, bullies, children, discrimination, diversity, education, freedom, ideology, indoctrination, left wing, liberalism, nanny state, oppression, pandering, philosophy, political correctness, public policy, relativism, scandal, separation, video

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