-By Thomas E. Brewton
Declining prices are not necessarily bad.
The Fed plans to add massively to the supply of phony money by monetizing the Federal debt with QE2, its latest multi-trillion dollar intervention to manipulate the financial system and to control business production and employment decisions.
The effect, in the short run, is to inflate further the developing stock market bubble, preparing the way for our next inflation-induced recession. In the long run, we the people are to be robbed of the purchasing power of our salaries, wages, and retirement incomes by the disguised tax of inflation.
Fed chairman Bernanke’s Keynesian, socialist rationale for this crime against society is his fear of deflation, a fear belied by prices of commodities that are increasing at an accelerating rate.
Continue reading “
The Deflation Bogeyman”
Officials of Northumberland County, Pennsylvania may be about to 
Hypocrisy, they name is Democrat. Michigan’s Mackinac Center for Public Policy has laid bare another 
Just before election day the liberal blogs were aflutter with news that 
Now that the election is over and we’ve seen in stark light the rebuke that Obama has received, many are wondering if he’ll moderate his far left agenda. But a few movements in the Labor Dept. will disabuse anyone of the notion that Obama intends to drop his left-wing agenda. Leave it to an Obama appointee to the National Labor Rights Board (NLRB) to want to push votes to install unions in the workplace on an accelerated schedule. I guess all the payoffs and special favors that Obama and his cohorts have given to labor unions in these two of the longest years any president ever had have not been enough.
Tyler Durden of Zero Hedge asks an 
Last January, Jennifer Cline sent a letter to President Obama telling him of her woes. She had been diagnosed with two kinds of cancer, she lost her job and was about to lose her home. Surprisingly the president wrote her back and told her that “things will get better.”
Forbes created an 
The Chicago Association of African American Transporters told Governor Pat Quinn that 
In this era of severe budget cuts, layoffs, and job loss, people in the real world are making due with less. Businesses are cutting back and people are hurting everywhere in this era of Obama. Local governments are also starting to find this economic climate challenging. But even as local budgets are taking hits, unions seem to think it’s still the same flush economy they’ve been taking advantage of for decades.
The Chicago Public School system is out of money. Like every business in the real world one solution was to layoff workers, in this case some 700 teachers. In the real world that is the way the cookie crumbles. Such employees would put themselves on the market and look for new jobs. Life moves on. But in the world of public employees unions, such employees run to the judges they’ve bought and the law they wrote themselves and had passed by politicians bought and paid for. So taxpayers are forced to give them concessions, paybacks, and special favors. It all amounts to more proof of union graft and corruption at its most common.