01/30/10

Financial News Update – 01/30/10

Roubini Calls Growth ‘Dismal and Poor’, Predicts Second-Half Slowdown

OBAMA FINDS $20B IN CUTS

Climate chief knew about glacier flaws

BANKERS IN FAVOR OF PAYING GLOBAL TAX

China protests US arms sales, warns of ‘serious’ impact

Regulators shut banks in Florida, Georgia

SurvivalBlog:

The Ring of Fire

How to live without banks.

The Fed’s Anti-Inflation Exit Strategy Will Fail; Sooner or later the pressure to lend out excess bank reserves will be unstoppable.

Our Financial Rulers are on Another Planet

IMF: Banks Must Raise Billions to Fend Off Crisis

UK Economy Lies on Bed of Nitroglycerin

Revealed: See Who Was Paid Off in the AIG Bailout

How The Major Stock Indexes Fared on Friday

The Latest Installment of the Friday FDIC Follies: Six More Banks Bite the Dust in California, Florida, Georgia, Minnesota, and Washington

01/29/10

Keep America Safe: The State of His Rhetoric

From: Keep America Safe (Hat Tip: Nancy Jacques)

Yesterday evening it was reported that the Obama Administration is actively seeking alternative locations for the trial of Khalid Sheikh Mohammed, the mastermind of the 9/11 attacks. This reported sudden shift by the administration is proof that your efforts are not in vain — together we can force this president to change course.

Our rally on December 5, which drew thousands to New York to protest this trial, demonstrated to the politicians that the people are paying attention. Our letter to President Obama demanding the trial be moved and Khalid Sheikh Mohammed tried as an enemy combatant, which you and 150,000 other concerned citizens signed, showed the strength of our resolve. We are making a difference.

Early yesterday morning, Keep America Safe launched a new ad in response to President Obama’s State of the Union. The ad, titled “The State of His Rhetoric,” demonstrates the disconnect between the Obama Administration’s rhetoric and the dangerous realities of its national security policies. “The State of His Rhetoric” will air on broadcast television in the DC market and will directly target the politicians in Washington.

However, our fight is far from over. Obama still plans to treat Khalid Sheikh Mohammed as if he is an American citizen and common criminal instead of the terrorist he truly is. Keep America Safe needs your help to continue speaking out until the terrorists are treated as enemy combatants and not common criminals. The decision to explore alternative venues indicates that what we are doing is working. We must keep up the pressure to fight Obama’s other dangerous policies.

Wednesday night, Obama said, “We have renewed our focus on the terrorists.” What he didn’t say is that the administration’s focus is on providing terrorists with ever more legal rights, not capturing, interrogating, and killing them.

Days after taking office, Obama issued an Executive Order to close Guantanamo Bay by January 2010. Despite failing to meet its own deadline, the administration continues to pursue this ideological goal. Reality has intervened, and yesterday, a State Department official acknowledged that in a best case scenario Guantanamo wouldn’t shut down any sooner than 2012. According to the Pentagon, one out of every five detainees released from Guantanamo returns to terrorism. Closing Guantanamo Bay isn’t just misguided, it’s dangerous.

Attorney General Eric Holder’s FBI Mirandized Christmas Day terrorist Umar Farouk Abdulmutallab just hours after his failed attempt to blow up Northwest flight 253 in Detroit. Abdulmutallab was questioned for less than an hour before he was read his rights. After being told he had the right to remain silent, he did just that. Instead of interrogating Abdulmutallab to learn about future terror plots, the Obama Administration decided to treat him as a common criminal and hired him a lawyer.

The American people deserve to know which lawyers in President Obama’s Justice Department used to represent terrorists. One such attorney, Jennifer Daskal, a former Human Rights Watch official with no prosecutorial experience, now advises Holder on detainee issues even though she used to advocate on behalf of the terrorists. In November, Sen. Chuck Grassley (R-IA) requested that Holder provide a list of other lawyers on his staff who had recused themselves from detainee issues because of similar conflicts of interest. Holder’s response to Grassley was, “I will consider that.” Holder has yet to follow through with Grassley’s request.

President Obama has not made us stronger in his first year in office. In fact, he has weakened our ability to combat terrorism. He wants to close Guantanamo, send terrorists back to the Middle East, treat the terrorists we don’t release as if they were American citizens, and prosecute those terrorists with lawyers that not long ago were standing on the other side of the courtroom defending the same terrorists. “The State of his Rhetoric” highlights Obama’s national security failures and dangerous policies. We also need your help to Keep America Safe. Please feel free to forward this video to family and friends.

Thank you for your continued support.

Liz Cheney, Debra Burlingame, and Bill Kristol
Board of Directors
Keep America Safe

01/29/10

Chavez – A Brutal Marxist Tyrant

Shades of events to come in the United States if Obama keeps moving in the direction he is going… Still think Chavez is a great guy?

From Fox News:

Twitter Photos From Venezuelan Protests

Fierce and growing protests over media freedom have left at least two students dead in Venezuela, and graphic images depicting violent tactics employed by the police there have started to flood the Internet. Here are some of those images, which have been widely circulated in the week since demonstrations began.

Venezuela Protests

Anti-riot police arrest a student protester at a demonstration in Lecheria, Venezuela. Students have met stiff resistance — as well as tear gas, rubber bullets and waiting jail cells — in their clashes with the country’s police and National Guard. Though this image was taken by an AP photographer, the images that follow were captured by protesters and posted online to Twitter accounts.

Rubber Bullets

This image circulated online purportedly shows a Venezuelan protester whose back is riddled with injuries from rubber bullets. Students have clashed with police and National Guard forces in Venezuela this week after President Hugo Chavez ordered opposition television stations off the air.

Heading Off Dissent

A young man stares briefly into a camera as a sea of hands attempt to staunch wounds on his face that he reportedly suffered during protests in Venezuela this week. Police forces clashed ith students, firing tear gas and rubber bullets into crowds to quell demonstrations in which some protesters threw rocks at government forces.

Back from the Protest

A woman’s calm demeanor belies the injuries she reportedly suffered in student protests in Venezuela. Dissent has been storming over in a country already wracked by water shortages, electricity rationing, alarming crime rates and the plummeting value of its currency, the Venezuelan Bolivar.

Serious Injuries

A youth stares down at his knee, where he was reportedly shot by police forces on Monday during the second day of nationwide protests in Venezuela. Reports have listed his age as ranging from 13-16 years, though his identity could not be confirmed.

Shot in the Knee

A closer view of the ugly injury reportedly sustained by a Venezuelan youth during student protests on Monday. He did not suffer the worst of it: two students were reported killed in fighting between protesters and pro-government forces.

Detailing the Damage

A Venezuelan youth reportedly suffered this injury to his knee while protesting the Venezuelan government’s moves to stifle dissent and increase its stranglehold on opposition media. President Hugo Chavez ordered five cable television stations be taken down because they refused to air his speeches.

Fire at Night

A car reportedly belonging to a member of a paramilitary pro-Chavez group burns during the second day of protests in Venezuela. Protests have mounted in the wake of an attempt by President Chavez to silence a dissenting cable station, RCTV. Chavez set off similar demonstrations when he targeted the station in 2007, revoking its broadcast license and forcing the station onto cable.

Iron Claw

This image, widely circulated online, adorned the front page of El Nacional, a leading Venezuelan newspaper. The original caption reads, in translation, “National Guardsmen suppressing the students in Maracaibo and other state capitals showed a new yet primitive weapon: a thick chain with hooks capable of tearing and doing serious damage to those attacked.”

01/29/10

Links To Visit – 01/29/10

Mudville Gazette – Biden: the 40 year old version*

Reuters – U.S. formally embraces Copenhagen climate deal (Hat Tip: Jean Stoner)

nextgov – Labor moves financial system online to tighten key operations (Hat Tip: Jean Stoner)

nextgov – White House bars agencies from posting some statistics (Hat Tip: Jean Stoner)

The Australian – Doubts grow over Obama’s stalled leadership (Hat Tip: Jean Stoner)

MailOnline – ‘Nobel Peace Prize-winner Barack Obama ups spending on nuclear weapons to even more than George Bush’ (Hat Tip: Jean Stoner)

MailOnline – Scientists broke the law by hiding climate change data: But legal loophole means they won’t be prosecuted (Hat Tip: Jean Stoner)

xinhuanet – Chinese police, U.S. soldiers conduct first joint patrol in Port-au-Prince (Hat Tip: Jean Stoner)

Breitbart – Official: Terror case may happen outside Manhattan (Hat Tip: Steve Schippert)

NRO – Statist Quo (Hat Tip: Brian B.)

The Anchoress – If Obama v Alito were a murder trial -UPDATED

Sarah Palin – The Credibility Gap (Hat Tip: Brian B.)

Kenneth Timmerman – Iran Sanctions Bill Passed

Bob McCarty Writes – ‘Re-Indicted’ Parody Song Marks One-Year Anniversary of Blagojevich Impeachment

Commentary Magazine – They Ain’t Seen Nothing Yet (Hat Tip: Steve Schippert)

BlackFive – The Differential Theory of the U.S. Armed Forces (Snake Model) – Updated 2010

Atlas Shrugs – Another Spectacular O-failure: Escape from New York

Atlas Shrugs – Obama Hoisted on His Own Foreign Donation Petard

Atlas Shrugs – Obama’s Out of Control: Formally embraces Copenhagen climate hoax deal

NRO – The Sun Also Flares (Hat Tip: Brian B.)

Canada Free Press – With all due disrespect Mr. President! (Hat Tip: Brian B.)

Daily News – NY pols stunned to learn Obama administration opposes funding for 9/11 health bill (Hat Tip: Brian B.)

American Digest – January 29, 2002: “The State of Our Union Has Never Been Stronger” (Hat Tip: Brian B.)

KnowTheLies.com – Pooped Out Hillary Talks of Stepping Down! (Hat Tip: Nancy Jacques)

The Radio Patriot – Kyle-Anne Shiver Nails It

The Radio Patriot – Peeling Off Obama’s Layers

AP – BIN LADEN’S ‘GLOBAL WARMING’ RANT

Daily Mail – ‘Liberate humanity from slavery and dependence on America’

ABC News – One Year Later, No Church

The Hill – Key Dem Congressman: House Dems do not trust the Senate

Yahoo! News – Iranian cleric: More opposition should be executed

Yahoo! News – As Protests Continue, Chavez Vows To Crack Down

Fox News – Filmmaker Defends Undercover Op

Michelle Malkin – Cirque du Jihad: Coming to a federal court near you?

Michelle Malkin – California lawmakers pass single-payer…as state heads towards bankruptcy again

Gateway Pundit – ANGRY Obama Lashes Out at House Republicans– Tells Them “I Am Not an Ideologue” (Video)

Gateway Pundit – Krauthammer slams Obama for lack of terrorism talk in SOTU address

Gateway Pundit – James O’Keefe Releases Statement On His Arrest

Gateway Pundit – Crazy Keith Olbermann Lies About Kenneth Gladney Attack

Gateway Pundit – Former Constitutional Lawyer Makes Up Constitutional Quotes During SOTU Address

01/29/10

Financial News Update – 01/29/10

Chapter XV: Truckin’ for God and Country (The Day the Dollar Died Series)

Rogers: Markets Will Tank Any Day Now

After Obama rips lobbyists, K St. insiders get private briefings

Two Dozen States’ Unemployment Funds in the Red, Nine More Within Six Months (Hat Tip: Brian B.)

Ryan: Obama’s Keynesian Doctrine (Hat Tip: Brian B.)

$5,000 tax credit for each new job a big part of Obama’s plan

The Truth About President Obama and Citizens United

Senate OKs new debt limit, raised by $1.9 trillion

Manufactured Momentum & Support for ObamaCare Screeching to Halt

Democrats’ Health Care Plans Come at High Cost to the Young

Obama’s Bank Tax: Missing the Target

NOW FOR SOME GOOD NEWS: 5.7% GDP! WALL ST YAWNS

Nobel Peace Prize-winner Obama ups spending on nuclear weapons

NOT AGAIN! California to run out of cash on April 1

Russia Urged China to Dump FANNIE, FREDDIE Bonds

Greece will not leave EU, no bailout

At Davos, Experts See Dip Ahead

Dems vow to move ahead on healthcare

‘On life support’

Obama to Seek $54 Billion for Nuclear Plants

Wages rise in 2009 by smallest amount on record

Senate permits gov’t to borrow an additional $1.9 Trillion

Dems hope they won’t have to vote again

Taxpayers paid $101,000 for Pelosi’s in-flight ‘food, booze’

Wages, Benefits Post Weak 1.5 Percent Gain in ’09

SurvivalBlog:

Banking crisis, currency fears.

24 States Unemployment in the Red, 9 More Within 6 Months

Is the Dow About to Dive 1,000 Points?

Pakistan Collapse Could Trigger Global Depression and WWIII

Walmart to Cut 11,200 Sam’s Club Jobs

Bob Chapman: Are We in an Economic Depression?

IRA & 401K Theft Plotted by US Government

Doug Casey: Stock Market Set to Crash

Home Prices Stabilize Further, But More Drops May Be in Store

First-time Jobless Claims Drop Less Than Expected

01/28/10

Financial News Update – 01/28/10

Reaction Roundup: Heritage Responds To The State Of The Union

BEACH: Greater freedom the answer to economic woes

Morning Bell: A Speech Only Washington Could Love

The Truth About President Obama and Citizens United

Obama’s Attempt to Revive Cap and Trade

Charging Obamacare to the Federal Credit Card

Tweet of the Week: Daily Kos Founder Disses Spending Freeze

Repealing the Death Tax: A Good Deal for Everyone

Department of Education Exempt from Spending “Freeze”

YEA, BERNANKE

A PROFIT! FORD earns $2.7 billion in 2009

EU signals last-resort backing for Greece

Senate permits gov’t to borrow an additional $1.9 Trillion

Sarkozy Lashes Out at Globalization; Calls for revamp of capitalism

Bernanke Gets Second Term

Senate Lifts Debt Ceiling by $1.9 Trillion

Pelosi Pushes $300B ‘Fix’ to Senate Health Bill

White House to Dole Out $8 Billion for Fast Trains

U.K. Pitches $500M Jobs Bill — for the Taliban

SurvivalBlog:

Money sent home by Mexicans abroad plunged a record 15.7 percent in 2009

What the Deflationists are Missing

Don’t invest in Britain: The UK economy sits ‘on a bed of nitroglycerine’, investors warned

New Home Sales Fall 7.6% in December

Stocks Fall as Investors Await Fed Decision

SEC Tightens Rules for Money Funds

Caterpillar 4Q Profit Tumbles; Outlook Cautious

Verizon to Cut 13,000 Jobs as Business Cut Lines

Signs of Housing “Recovery” Will Fade with End of Stimulus

“Daunting” US Fiscal Outlook Means Bulging Deficits: CBO

UK: Recession’s Toll on Workers Far Worse than Reported