Links To Visit – 05/24/10

Free Republic – Trevor Loudon on The Awakening, Live Tonight (Hat Tip: Jean Stoner)

SHTFPlan – Reports Surfacing of Multi-State National Guard Mobilizations (Hat Tip: Brian B.)

Free Republic – New Health Microsite Launched (Hat Tip: Jean Stoner)

examiner.com – Illegal immigrant deported 9 times, now arrested for rape

examiner.com – Democrats: Bush was right on North Korea

examiner.com – Gun sales up, violent crime down

examiner.com – White House: Palin is too stupid to offer opinions

examiner.com – NJ Gov. Christie’s veto draws undeserved anger

examiner.com – White House tried to derail Joe Sestak

examiner.com – Bike-friendly Philly furthers the sham of ‘government that cares’

examiner.com – The confusion in a Philly tax amnesty mailer

NewsMax – Obama to DoD: Prepare for NKorea Aggression

Continue reading


Financial News Update – 05/24/10

Stock Market Catastrophic Down Wave, Coming Economic Calamity Could Lead to a New World Order (Hat Tip: Jean Stoner)

California Dems Unveil Tax-Increase Package

32 States Have Borrowed from the Federal Government to Make Unemployment Payments (Hat Tip: Jean Stoner)

UPDATE 3-Obama seeks tool to cut costs from spending bills

The New Lords of Finance

Morning Bell: The Buck Stops Nowhere

Side Effects: Seniors Will Lose Big Under Obamacare

House Democrats Schedule Floor Vote on DISCLOSE Act

The Entitlement Spending Threat to National Security

Study Points to Health Law’s Penalties (Hat Tip: Jean Stoner)

Report: Healthcare law tax credits encourage small businesses to stay small, not hire (Hat Tip: Jean Stoner)


Spanish Bank Rescue Hits Euro (Is Spain the next European domino to fall?) (Hat Tip: Jean Stoner)

Fiscal crises threaten Europe’s generous benefits (Hat Tip: Jean Stoner)

Texas Rangers file for bankruptcy (Hat Tip: Jean Stoner)

Teachers’ unions demand another bailout

Obama’s Nominee to Run Medicare: ‘The Decision is Not Whether or Not We Will Ration Care–The Decision is Whether We Will Ration Care With Our Eyes Open’ (Hat Tip: Brian B.)

63% Favor Repeal of National Health Care Plan (Hat Tip: Brian B.)

The United Nations and U.S. Tax-Free Foundations Investigated (Hat Tip: Jean Stoner)

Gold Is A Horrible Investment, Too, Says Prechter (Depression Foregone Conclusion) (Hat Tip: Jean Stoner)

Lawmaker Introduces $165 Billion Union Pension Bailout Bill (Hat Tip: Jean Stoner)

Health-care law faces test as regulators settle which plans must do what (Government takeover!) (Hat Tip: Jean Stoner)

Read the ‘Reduce Unnecessary Spending Act’ (Hat Tip: Jean Stoner)

Hyperinflation Guaranteed

Municipal Bonds: The Next Financial Land Mine? (If even this isn’t safe, what is?) (Hat Tip: Jean Stoner)

Stocks Hammered In Final Minutes Of The Day: Here’s What You Need To Know (Hat Tip: Jean Stoner)

Crony Capitalism, Carnahan Style (All in the family alert) (Hat Tip: Jean Stoner)

Up Next… Dems Propose Union Pension Bailout

Obama Seeks Line Item Veto Legislation That He Voted Against in 2007

Stunner. New Financial Rules May Not Curb Another Major Meltdown

Gold Rising; Speculators buying faster than producers can mine

Sen. Gregg: Financial Reform Bill Is ‘Disaster’

US Plays Down European Crisis but China Worried

Immelt: European economy ‘teetering’

PAPER: One false move could set off ‘global chain reaction’

Dow falls 80 points in final 15 mins of trading

Iranians shout for jobs!

Workers in Venezuela on alert after Chavez warning

New UK government cuts to cause ‘shockwave’

BARONE: The gathering revolt against government spending

Congress preparing to quadruple tax on oil

Promises, Promises: Senate Takes Up ‘Emergency’ Bill


PIMCO’s Gross: Markets exhibiting “flight to liquidity”.

FDIC: Problem banks at 775. “A total of 775 banks, or one-tenth of all U.S. banks, were on the Federal Deposit Insurance Corporation’s list of ‘problem’ institutions in the first quarter, as bad loans in the commercial real-estate market weighed on bank balance sheets.”

Whatever Germany does, the euro as we know it is dead

Regulators Shut Small Minnesota Bank

Jobless Claims Rise By Largest Amount in Three Months

Oil Settles 2% Lower After Wild Swings

Leading US Indicator Drops Unexpectedly

Worldwide Stocks Fall for Sixth Straight Day

Behind the European Drama Lies a Global Crisis

Mish: Meredith Whitney Sees Bleak Second Half in Stock Market, Small Business Credit Crunch, Double Dip in Housing, Says European Banks in Worse Shape


From the Communist Party USA Convention – Joelle Fishman on the 2010 Elections

By: Trevor Loudon

Joelle Fishman from Connecticut, is chair of the Communist Party USA’s political action commission; the Party organ dedicated to coordinating the communist’s electoral work with their labor union, “community organization” and Democratic Party allies.

She is also the daughter-in-law of WW2 era Soviet spy, Victor Perlo.

At the Communist Party convention over the weekend, Fishman told delegates that the “party plans to focus on key House and Senate races around the country” to “decisively defeat the extreme right…”

From the Peoples World:

“The 2010 elections are the next step of our continuing project to decisively defeat the extreme right and expand democratic rights, including ridding the federal government of entrenched corporate interests,” Joelle Fishman, chair of the party’s political action commission told the delegates.

“Newt Gingrich is attempting to frame the 2010 elections with a new “Contract ON America,” to whip up hysteria that government spending for social needs is against the interests of working people.”

The CPUSA, like many progressive economists, has been saying that it is precisely massive government spending that can create the millions of jobs needed to solve the economic recession and cure deficit problems over the long term. The party says nothing less than a new WPA type program is needed immediately.

Fishman said there were many encouraging signs already in the electoral arena.

She noted how the International Association of Machinists played a critical role in Pennsylvania where voters turned Sen. Arlen Specter out in favor of Rep. Joe Sestak. Specter had double crossed the labor movement on election law reform by his waffling on support for the Employee Free Choice Act.

“In Western Pennsylvania, Republicans poured $10 million into capturing the seat held by Rep. John Murtha, but they did not succeed,” said Fishman. “They rejected slanders against Democrat Mark Critz and attacks on Nancy Pelosi and President Obama.”

Fishman also noted how conservative Democratic Sen. Blanche Lincoln in Arkansas was forced into a runoff election with labor-backed Bob Halter after she voted against health care reform.

The party plans to focus on key House and Senate races around the country, she said.

Up for election this year are 435 House seats and a third of the Senate seats. For the GOP to gain control of the House there would have to be a shift of 45 seats. For Republicans to gain control of the Senate 6 seats would have to shift.

The top “battleground states,” according to Fishman, are California, Florida, Illinois, Missouri and Ohio, all states where there are large Communist Party organizations.


From the Communist Party USA Convention – Jarvis Tyner on Tea Party “Fascism”

By: Trevor Loudon

Hatred for the “Tea Party” movement was very evident at the Communist Party USA convention over the weekend.

From the Peoples World:

Speaking about the Tea Party movement today at the Communist Party’s 29th National Convention in New York, Jarvis Tyner, the party’s vice chairman declared, “If you can’t smell the stench of fascism, you may need some aroma therapy.”

The remarks were made during a morning session in which Tyner called upon the party to mobilize against what he said is a resurgence of racism that aims to derail the progressive movements in the country. Also during that morning session party leaders put forward a plan to make the 2010 elections the focus of the organization’s work for the coming year.

Tyner said that a “new racist counteroffensive” after the election of the nation’s first African American President threatens the progressive labor-led coalition that formed during the 2008 elections and is continuing to make its mark today.

“Once a Black President and a reformer was elected and presented his program, the fight against racism assumed an even greater importance because it, along with anti-communism, is the main weapon the right is using to defeat progressive change,” he said.

Tyner blasted Sarah Palin for her insistence that Teabaggers are not racist, but just “angry.”

“You ever met a racist that wasn’t angry?” he asked. He noted that the Teabaggers, an all white group, are lashing out at immigrants and calling for “taking back our country,” not from corporate control but from the first African American President.

Citing not just Palin, but also Rand Paul, the teabagger who won the GOP primary in Kentucky and the designers of Arizona’s draconian anti-immigrant law, Tyner said “these people are to the right of George Bush” and that defeating racists was key to advancing the struggles of all workers.



By: Fern Sidman

Fashionable 5th Avenue in New York City morphed into a virtual sea of blue and white on Sunday afternoon, May 23rd, as thousands marched down the famed thoroughfare in a passionate display of support for the State of Israel on her 62nd birthday. The flag of Israel was a ubiquitous site, as marchers representing synagogues, schools, yeshivos and Jewish organizations from around the tri-state area held aloft this indefatigable symbol of Jewish statehood with pride while hoisting decorative banners and signs calling for a united Jerusalem. Scores of spectators from all over the country lined the parade route and joyfully cheered on the marchers as they raised their collective voices in tribute to the glorious legacy of Israel.

For over 20 blocks, Hebrew songs blared through loudspeakers on the abundance of floats representing organizations and businesses supporting Israel as marching bands, dance troupes and choral societies provided their own unique backdrop to the day’s festivities. Throngs of ebullient students representing such local area schools as Yeshiva of Flatbush, Magen David, Shulamith High School for Girls, Yeshiva of Manhattan Beach and the East Midwood Hebrew Day School proudly chanted, “Am Yisroel Chai” (the nation of Israel lives) as they paid homage to the rich heritage, ancestry and history of the Jewish homeland.

Others schools and groups participating in the 2010 Salute to Israel parade included the Yeshiva of Central Queens, Yeshiva University High School for Boys and Girls, the JCH of Bensonhurst, HAFTR – Hebrew Academy of Far Rockaway and the Five Towns, the Jewish Foundation School, the Hebrew Academy of Long Beach, the Moshe Aaron Yeshiva High School, the Joseph Kushner Hebrew Academy, the Kings Bay YM-YWHA, the Ma’ayanot Yeshiva High School for Girls, the North Shore Hebrew Academy High School, the Rosenbaum Yeshiva of North Jersey, the Sephardic Heritage Alliance, the Solomon Schecter Day Schools of Bergen, Essex and Union counties in New Jersey, United Synagogue Youth, the Ramaz School, the Westchester Jewish Conference, Temple Israel of Great Neck, Tzofim Tzabar – Friends of Israel Scouts, the Republican Jewish Coalition, RAJE – Russian American Jewish Experience, the Jewish War Veterans, among many others.

Float sponsors included the American Friends of Magen David Adom, the America-Israel Friendship League, Bank Leumi, Bank Hapoalim, El Al Airlines, the B’nai Zion Foundation and the 92nd Street YM-YWHA.

The parade was not without a polemical element as opponents of the Jewish state gathered along the parade route between 58th and 59th Streets to voice their animus towards Israel. Members of the vociferously anti-Israel Chassidic sect known as Neturei Karta carried Palestinian flags and shouted epithets against the Zionist movement while holding signs saying, “Authentic rabbis oppose the creation of Israel.” They were joined by members of the ANSWER Coalition, a left wing pro-Palestinian conglomerate who lambastes Israel as a “racist, apartheid state.”

Directly across the street stood members of the Human Rights Coalition Against Radical Islam (HRCARI), a nascent organization representing Jews, Christians, Hindus, Sikhs and ex-Muslims whose objective is to graphically depict the heinous atrocities committed by radical Islamists against all infidels. Andrew Upton, a founding member of HRCARI said, “We are here today to remind all Americans that Israel is on the front lines in the struggle against radical Islam. If we strengthen Israel, we thereby strengthen all of humanity as radical Islam represents the greatest threat to our freedoms since Nazism prior to World War II.”

Christian supporters of Israel such as Linda Rivera of Manhattan also joined the HRCARI counter-protest. Said Ms. Rivera, “The Jewish people are finally back in the land that G-d gave them as an everlasting possession and anybody who attempts to steal this land from the Jews is declaring war on G-d. The Obama administration has expressed nothing but extreme hostility towards our stalwart ally Israel while coddling our terrorist enemies such as Iran and that is nothing short of reprehensible.”

“Haven’t we learned from history that we can’t appease terrorists?,” intoned Coretta James, an African American woman and fervent supporter of Israel. “I am here today to say as a black woman, that our president is a blatant anti-Semite who should be ashamed of himself for his wayward policies concerning Israel. The Jewish nation cannot be coerced into making a so-called ‘peace’ with an enemy who has sworn her destruction such as the Palestinian leadership,” she added.

Rabbi Chaim Shimon of the Millinery Synagogue in Manhattan said, “We are here today to show our solidarity with the one and only Jewish nation. As a Torah observant Jew, my message to President Obama concerning his relations to Jews and Israel comes directly from the Bible which states, ‘Those who bless you will be blessed and those who curse you will be cursed.’ Mr. President – keep your hands off our holy city of Jerusalem because the G-d of Israel is watching over you.”

As the parade reached its conclusion, both marchers and spectators headed towards the “Summerstage” in Central Park for the 17th annual Concert in the Park for Israel. Headlining at this year’s musical tribute to Israel were renowned singers Eitan Katz, Gershon Veroba, Dr. Meyer and Baruch Abittan, Jerry Markowitz, Izzy Kieffer, Michael Ian Elias, Elad Snir, accompanied by Israeli pianist extraordinaire Shlomi Aharoni and such groups as Pey Dalid and the Maccabeats (a Yeshiva University a cappella group), among others

The concert, emceed by radio personality Nachum Segal, (JM in the AM), was dedicated to Jerusalem never being divided, not giving up any land anywhere in Eretz Yisroel and standing up to the mullahs of Iran. Mr. Segal introduced such speakers as New York State Assemblyman David Weprin, director of the Igud HaRabonim, Rabbi Gershon Tannenbaum, Rabbi Dr. Elie Abadie of the Edmond J. Safra Synagogue, Manhigut Yehudit international director, Shmuel Sackett, Rabbi David Algaze of the Chavurat Israel synagogue in Forest Hills, Rev. Michael Faulkner (Congressional candidate for the 15th district in northern Manhattan) and executive director of the Shomron Liason Office, David HaIvri.

The keynote speakers were MK Danny Danon, Chairman of the World Likud movement and deputy speaker of the Knesset and Michael S. Steele, Chairman of the Republican National Committee. “Israeli settlements are not an obstacle to peace in the Middle East,” said MK Danon. “They are assets to Israel that must be preserved at all costs,” he intoned. Mr. Danon, a member of the Betar Zionist youth movement founded by the legendary Zionist revisionist leader Ze’ev Jabotinsky said that “Jerusalem will remain undivided; despite the pressure that Israel finds herself under by the Obama administration. The real threat to peace and stability in the region is the Iranian nuclear threat which is very real and very lethal and that is something that the US is reluctant to confront in the strongest terms,” he declared. In a private interview subsequent to his speech Mr. Danon said, “If need be, Israel has the nuclear capability to deal with Iran’s burgeoning nuclear arsenal. Israel did not attend the recent global nuclear summit in Washington because we don’t need to be on the receiving end of pressure regarding nuclear disarmament, especially now, as the clock is ticking concerning a possible strike against us by Iran.”

“We need very clear indications from Washington concerning its commitment to Israel’s security,” said Michael Steele, Chairman of the Republican National Committee. “And the major obstacle here is that we’re not getting any indications from the Obama administration about what they are planning to do about the danger that Israel finds herself in, vis-a-vis the Iranian nuclear threat. It is our belief that Israel should not be exhorted to make territorial concessions in the name of a false peace. We know that we cannot appease terrorists and the Palestinian Authority and the other Iranian proxies such as Hamas and Hezbollah are clearly dedicated to Israel’s annihilation,” he said.