Obama Appeals to Moderate Pirate Community

Exurban League has the info.

Excerpt:

For too long, America has been too dismissive of the proud culture and invaluable contributions of the Pirate Community. Whether it is their pioneering work with prosthetics, husbandry of tropical birds or fanciful fashion sense, America owes a deep debt to Pirates.

The Global Financial Meltdown Did Not Start in the U.S.

Alan Reynolds in an article on the Cato Institute site concludes that President Obama, and other G-20 leaders, have it wrong.

At the recent meeting of G-20 nations in London, officials from many nations agreed on one thing — that the United States is to blame for the world recession. President Obama agreed, speaking in Strasbourg of “the reckless speculation of bankers that has now fueled a global economic downturn.”

The article shows that the recession did not start in the U.S., and that the speculation of bankers was not the cause of the recession or the financial meltdown.

Instead, he lays the blame for the global meltdown at the feet of the oil cartel, and the price of petroleum.

What really triggered this recession should be obvious, since the same thing happened before every other postwar US recession save one (1960).

In 1983, economist James Hamilton of the University of California at San Diego showed that “all but one of the US recessions since World War Two have been preceded, typically with a lag of around three-fourths of a year, by a dramatic increase in the price of crude petroleum.” The years 1946 to 2007 saw 10 dramatic spikes in the price of oil — each of which was soon followed by recession.

In The Financial Times on Jan. 3, 2008, I therefore suggested, “The US economy is likely to slip into recession because of higher energy costs alone, regardless of what the Fed does.”

In a new paper at cato.org, “Financial Crisis and Public Policy,” Jagadeesh Gokhale notes that the prolonged decline in exurban housing construction that began in early 2006 was a logical response to rising prices of oil and gasoline at that time. So was the equally prolonged decline in sales of gas-guzzling vehicles. And the US/UK financial crises in the fall of 2008 were likewise as much a consequence of recession as the cause: Recessions turn good loans into bad.

The recession began in late 2007 or early 2008 in many countries, with the United States one of the least affected. Countries with the deepest recessions have no believable connection to US housing or banking problems.

The truth is much simpler: There is no way the oil-importing economies could have kept humming along with oil prices of $100 a barrel, much less $145. Like nearly every other recession of the postwar period, this one was triggered by a literally unbearable increase in the price of oil.

Read the complete article.

Obama Administration Clueless on Economy

Jim Rogers, Investor, Trader and Financial Commentator says that Tim Geithner and the Obama administration are dealing with the failing economy all wrong. They are taking the wrong steps to turn the economy around. Listen to Jim Rogers explain:

Obama: No Ally to Israel

Obama: No Ally to Israel

Representative, Adam Hasner (R-FL) wrote an article published in the American Thinker about how Obama talks the talk, but doesn’t walk the walk of support for Israel:
Continue reading “Obama: No Ally to Israel”

Sen Gregg: Obama’s Budget will Bankrupt America

Sen Gregg: Obama’s Budget will Bankrupt America

Sen. Judd Gregg made the following statement today:

“Today’s analysis of the President’s FY 2010 budget by the Congressional Budget Office confirms that under the President’s plan, our debt will increase to shocking levels that are simply unsustainable and will devastate future economic opportunities for our children and grandchildren.

Continue reading “Sen Gregg: Obama’s Budget will Bankrupt America”

Important Action Needed This Week

The Economic Stimulus Plan proposed by the Administration is a pork-laden bill and will not stimulate the economy. You can’t stimulate the economy by increasing our national debt or by printing more money.

In addition to the hyper-inflation that this bill will cause, and in addition to the pet projects of various Democrats that would never pass if it weren’t included in a so-called emergency funding program, there are other reasons to oppose the bill:

1. Tax Relief. Tax relief is predominately for people who do not pay taxes. “For individuals, the plan would cut taxes for most workers this year through a $500 tax credit that would be delivered by reducing paycheck withholding, a key proposal from Mr. Obama’s team. But to reduce the cost of the proposal, House lawmakers pared down that benefit so that higher-income workers are excluded. The credit would begin to phase out at $75,000 for individual taxpayers and at $150,000 for couples.” WSJ, 1/16/08

2. Illegal aliens will be qualify for cash payouts. “The legislation, which would send tax credits of $500 per worker and $1,000 per couple, expressly disqualifies nonresident aliens, but it would allow people who don’t have Social Security numbers to be eligible for the checks.Undocumented immigrants who are not eligible for a Social Security number can file tax returns with an alternative number. A House-passed version of the economic recovery bill and one making its way through the Senate would allow anyone with such a number, called an individual taxpayer identification number, to qualify for the tax credits.” AP 1/29/09

3. Expanding health care and Medicade coverage. “The new Medicaid Coverage for the Unemployed program is supposedly a temporary program to cover laid-off individuals via Medicaid. And the $30 billion COBRA coverage provision, provides assistance in paying for COBRA for individuals making up to $1 million a year. All of these short-term benefits, once granted, will be hard for any Congress, of any party, to take away.” The Weekly Standard 1/29/09

If you would like to be involved in action to stop the passage of this bill that would not do anything to help the economy, go to TCOT ACTION PROJECTS and register. Then go to the action group: Operation “MOVE OVER MoveON.” You will find a plan of action as to how you can help.

Obama: No Friend of Israel

Barack Obama tells Israel’s supporters he’s on their side. But he’s using the playbook of Yasser Arafat, the Palestinian terrorist who said one thing to the West and another to the radicals who supported him.

As far as we know, Obama never met or publicly supported Arafat. But in 2003 he did attend a farewell party for an Arafat associate. Peter Wallsten reported in April in the Los Angeles Times that Obama was at an event held as a tribute for Rashid Khalidi, an “internationally known scholar, critic of Israel and advocate for Palestinian rights” who was leaving Chicago for a job in New York.

Khalidi has not been accused of terrorism. But it’s alleged that he has links to the Palestine Liberation Organization, which has a terrorist pedigree, and he does hold some rather virulent views on Israel, calling it a racist state.

While he has publicly opposed attacking Israeli civilians, Khalidi does, according to accounts of a speech he made to the American-Arab Anti-Discrimination Committee, have a different view of “the ones who are armed, the ones who are (Israeli) soldiers, the ones who are in occupation” of Palestinian lands, because “that’s resistance.”

Whether the Khalidi farewell was a “Jew-bash,” as one blog labeled it, is not evident, as the video that Wallsten was apparently working from won’t be released to the public.

But Wallsten revealed enough by writing that Obama was a “frequent dinner companion” of Khalidi and has been present at events, such as the farewell party for Khalidi, “where anger at Israeli and U.S. Middle East policy was freely expressed.”

At that function, one speaker said that if Palestinians cannot secure their own land, “then you will never see a day of peace.” Another, Wallsten wrote, “likened ‘Zionist settlers on the West Bank’ to Osama bin Laden.”

This is the sort of company that Obama keeps. It’s no surprise, though, because Obama has surrounded himself with racist, anti-American ministers (Jeremiah Wright, Michael Pfleger), an unrepentant terrorist (Bill Ayers, who has links to Khalidi through a foundation he and Obama worked on together), radical groups (ACORN, the New Party) and a convicted felon (Tony Rezko).

In addition to dining often with him, Khalidi held a fundraiser for Obama’s failed 2000 congressional campaign. He knows the Illinois senator well enough to say that he’s “the only candidate who has expressed sympathy for the Palestinian cause.”

This should be enough for Obama supporters who stand behind Israel to rethink their vote. Those concerned about honesty and integrity should do the same, since Obama has sworn to be a friend of Israel.

Obama’s deception reminds us of the way that Arafat tolerated Israel when talking to the Western media, but had the tongue of a terrorist when speaking in Arabic to radical Palestinian elements. Arafat said what he needed to say to keep his position of power.

Obama will say anything to get elected, and then do another to achieve his goal of cutting off oxygen to Israel, the only freely elected government and U.S. friend in the region, outside of the newly formed Iraq.

From Investors Business Daily.

Previous related posts:
American Jews are in Denial
Can Jews Afford To “Roll the Dice” on Obama?
Morris: American Jews Misguided
Jackson Confirms Jewish Community Concerns About Obama
Foreign Policy is Reason to Vote McCain
The Jewish Case Against Barack Obama
Obama, McCain and Israel’s National Security
The Obama Voter – Not This Jew

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