Posted on 04/24/2011 7:18:47 AM PDT by Al B.
The big question as Chairman Bernanke gets set for his first quarterly press conference is how Sarah Palin was able to figure out sooner than everyone else that the Federal Reserve’s campaign of quantitative easing wouldn’t work. Disappointment in the Fed’s policies is being reported this morning at the top of page one of the New York Times. It reports that “most Americans are not feeling the difference” from the Fed’s “experimental effort to spur a recovery by purchasing vast quantities of federal debt.” It reports that “a broad range of economists say that the disappointing results show the limits of the central bank’s ability to lift the nation from its economic malaise.”
It’s a terrific story, and well-timed, given that on Wednesday Mr. Bernanke will break tradition and meet with the press. It is part of the Fed’s effort to get ahead of what is emerging as a public relations catastrophe, as gasoline is nearing six dollars a gallon at some pumps, the cost of groceries is skyrocketing, and the value of the dollars that Mr. Bernanke’s institution issues as Federal Reserve notes has collapsed to less than a 1,500th of an ounce of gold. Unemployment is still high. Shakespeare couldn’t come up with a better plot. But how in the world did Mrs. Palin, who is supposed to be so thick, manage to figure all this out so far ahead of the New York Times and all the economists it talked to?
She did this back in November in a speech at Phoenix, which the Wall Street Journal, in a laudatory editorial at the time, characterized as zeroing in on the connection between a weak dollar and rising prices for oil and food.
(Excerpt) Read more at nysun.com ...
When we were the strongest manufacturing economy on earth, we were a powerhouse and represented a real economy, and most Americans were far better off than other countries. That changed when we replaced our manufacturing based economy with one based upon phony financial products and debt.
Wall Street globalists played a big part in exchanging our real economy to a fictitious economy and they also put Obama into office and they own Congress. They benefited enormously with the help of the Fed. Financiers won, most Americans lost.
The Federal Reserve and their QE2 and shadow budget that has hurt the US dollar while enabling financiers the world over, is a big part of our problem.
Cringing: Not sure what that has to do with anything. People will buy American when it is in their best interest to do so as an individual. Then again, if the dollar keeps tanking, it will be. But things will suck anyway.
You know what, actually I would like to very clearly retract my post about buying American in the context of Kudlow.
I was under the impression he’s one of those “free trade uber alles” people. He’s not.
In fact, just found this:
http://finance.townhall.com/columnists/larrykudlow/2011/01/20/how_to_combat_an_arrogant_china
Thinking I got him confused with that guy who wears the bowtie.
Sorry Kudlow. My apologies.
(Vanity) On Beyond Zillion, by Dr. Sue-us (with a nod to Fredrich Hayek)
Cheers!
...oh, and Happy Easter. Off for a 50-mile bike ride.
I agree. Kudlow to the FED and Palin to the White House.
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Palin figured it out first!!!???
I guess nobody at the NY Sun ever heard of Rick Santelli...you know, the guy whose rants against QE started the Tea Party Movement over two years ago.
As for Palin for FED...sure, why not? Let's see her detailed plan before we coronate her...you know...the richly researched, exquisitely presented Palin White Paper on restructuring the Fed and saving the dollar...
Happy Easter!
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You're right...she's equally qualified for either position.
Ummmm ....... Because she has so little demostrated ability in medical matters that the American public would think that she is as capable of being a good Suregeon General as much as they think that she is capable of being a good President?
FOX News Poll (February 7-9, 2011)
Question 3: I am going to read you a list of names. Tell me if you think that person would make a good President or not.
Sarah Palin:
.................YES.........NO.......DK.....Never heard of
ALL...........23%.......72%.........4%.......1%
Dem ...........7%........87%........5%.......1%
Rep ...........40%.......56%.......3%.......1%
Ind ...........25%........69%.......3%.......1%
Why am I so opposed to the Republican nomination of Sarah Palin?
Because I would bet my life that any Republican nominee with such toxic poll numbers absolutely GUARANTEES the reelection of Barack Hussein Obama and America simply cannot afford such a disaster.
He has only started attacking China, because of the obvious unemployement and the shift of sending jobs overseas.
He has supported their central planning for years.
"Those who rob Peter to pay Paul can always depend on Paul's vote."
Great post, Al. I am posting this on my facebook page....Happy Easter to you and yours, FRiend
BTW, relative to this thread, just posted at C4P for those interested:
"Seth Lipsky, Editor of the New York Sun, will be a guest on Jewish Independent Talk Radio later today with Benyamin Korn. Lipsky will be discussing his editorial on Governor Palin’s foresight on monetary policy to which we linked above. The program will air from 5:00 to 6:00 PM and again from 8:00 to 9:00 PM. Listen to it at Newstalk 990 WNTP."
“I agree. Kudlow to the FED and Palin to the White House.”
Be a damned sight better than Bernanke in the Fed and Obama in the White House.
Hm. Apparently we’re not bright enough to process sarcastic humor very well, are we?
And if we’re going to pick nominees for next year by what the polls say this year, we might as well bag the primaries right now, save the money, time and grief, and just give The Donald the nomination. Maybe we can get him to pick Charlie Sheen as his running mate. I mean, PPP had Ole Tiger Blood beating her too. Trump/Sheen—Republicans 2012. Bi-Winning!
No, really, when the main knocks on the gov are that she doesn’t have the experience, the conservative credibility or the gravitas to do the job, and then The Donald, who has by any reasonable definition even less of any of those things, shoots to the top of the polls, I don’t know what the people they’re talking to are judging by, but it ain’t those things. Screw them.
She's not going to run for president.
Really? Are you one of her staffers? Are you Todd? Are you Governor Palin herself? Are you, in short, somebody in an actual position to know? Or are you just assuming that something you want to be true will be true?
LOL... about as qualified for one as the other
LOL... about as qualified for one as the other
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