Tag Archives: communism

Presidential Executive Order National Defense Resources Preparedness Is This The Beginning of the End?

UPDATE: Of course the usual sources say this is nothing to worry about…these are the same sources that are standing around telling folks that Obama is stupid, not evil. These are the same sources that seem to be bewildered by his successes so far. They tell us that this Executive Order is nothing new that other President’s did it.  Yea that should make me feel better, the President who ordered the attack on Randy Weaver and WACO and the kidnapping of Elian Gonzalez originally issued this order so everything is A-Ok. Let’s have a little photo montage of how that worked out for a few of us.

There I feel all better…End of Update 1.

Update 2: Ann Barnhardt

Barnhardt: Why The March 16th, 2012 White House Executive Order Is Different

WHY THE NDRP E.O. OF 3/16/2012 IS DIFFERENT
POSTED BY ANN BARNHARDT – MARCH 18, AD 2012 8:46 PM MST

I’m getting really, really sick of these pundits and talking heads on the so-called “right” clucking their tongues at the unwashed masses and telling us that we’re crazy and paranoid to be the least bit concerned each and every time the Obama regime takes another stride toward totalitarianism. And it is EACH AND EVERY TIME.

Let me break it down for Ed Morrissey, and all of the other pundits in that social circle so that you can get your heads around this. We are concerned and even, dare I say it, panicked, because we can see the big picture of the Obama regime for what it is. We can take the totality of the dataset and draw not just a logical, reasoned conclusion, but a conclusion that is supported by centuries – nay millenia – of past precedent.

We are, as Patrick Henry put it, “willing to know the whole truth; to know the worst, and to provide for it.”

Why is the 3/16/2012 Executive Order worthy of grave concern? Simply put, because of the man and the regime who issued it. This is a man, and a regime that has done the following:

-Sent the Secretary of Defense (Leon Panetta) to Congress to put them on notice that despite the explicitness of the Constitution, the consent of the Congress to wage war will neither be solicited nor required by the Commander in Chief or his regime. The CiC and SECDEF may, if they feel like it and can find the time, MAY inform the Congress of “kinetic military actions” henceforth.

-Declared the First Amendment null and void by mandating that every American must, as a condition of legal residency in the United States, pay for abortions. Mr. Morrissey, being a Catholic, you should understand that what the Obama regime has done is demand your very soul. In order to remain corporeally “free” in the United States of America, you must enter into mortal sin, reject Jesus Christ in totality, turn your back on your Crucified Savior, excommunicate yourself from the Church, and consign your immortal soul to eternal hell. If that isn’t the prohibiting of the free exercise of religion, then nothing is or ever could be.

-Committed acts of war upon the sovereign nation of Mexico and her people, willfully arming narco-terrorists with the intent of using the optics of hundreds if not thousands of brutally murdered Mexicans in order to stir up and justify the overthrow of the Second Amendment to the Constitution. This is textbook sedition.

-Has coordinated with regime cronies in the Legislative Branch to enable the Obama regime to operate for an entire term WITH NO BUDGET WHATSOEVER. In this time, the Obama regime has looted the United States Treasury and debased the currency of the United States to the tune of SEVEN TRILLION DOLLARS, or roughly one-half the gross domestic product.

And so we don’t forget who it is that Obama was palling around with here is FBI informant Larry Grathwohl.

End of Update 2

Here is a doozy of a Saturday night document dump. Courtesy of Jeff at Protein Wisdom and Kenneth Schortgen Jr at the Examiner.

What is this? Are we going to war? Is a war with Iran now inevitable? What a way to insure his re-election, start a big ass war, declare martial law and simply do away with elections?

The White House Office of the Press Secretary For Immediate Release  March 16, 2012

Executive Order — National Defense Resources Preparedness

EXECUTIVE ORDER

NATIONAL DEFENSE RESOURCES PREPAREDNESS

By the authority vested in me as President by the Constitution and the laws of the United States of America, including the Defense Production Act of 1950, as amended (50 U.S.C. App. 2061 et seq.), and section 301 of title 3, United States Code, and as Commander in Chief of the Armed Forces of the United States, it is hereby ordered as follows:

PART I  -  PURPOSE, POLICY, AND IMPLEMENTATION

Section 101Purpose.  This order delegates authorities and addresses national defense resource policies and programs under the Defense Production Act of 1950, as amended (the "Act").

Sec. 102Policy.  The United States must have an industrial and technological base capable of meeting national defense requirements and capable of contributing to the technological superiority of its national defense equipment in peacetime and in times of national emergency.  The domestic industrial and technological base is the foundation for national defense preparedness.  The authorities provided in the Act shall be used to strengthen this base and to ensure it is capable of responding to the national defense needs of the United States.

Sec. 103General Functions.  Executive departments and agencies (agencies) responsible for plans and programs relating to national defense (as defined in section 801(j) of this order), or for resources and services needed to support such plans and programs, shall:

(a)  identify requirements for the full spectrum of emergencies, including essential military and civilian demand;

(b)  assess on an ongoing basis the capability of the domestic industrial and technological base to satisfy requirements in peacetime and times of national emergency, specifically evaluating the availability of the most critical resource and production sources, including subcontractors and suppliers, materials, skilled labor, and professional and technical personnel;

(c)  be prepared, in the event of a potential threat to the security of the United States, to take actions necessary to ensure the availability of adequate resources and production capability, including services and critical technology, for national defense requirements;

(d)  improve the efficiency and responsiveness of the domestic industrial base to support national defense requirements; and

(e)  foster cooperation between the defense and commercial sectors for research and development and for acquisition of materials, services, components, and equipment to enhance industrial base efficiency and responsiveness.

Sec. 104Implementation.  (a)  The National Security Council and Homeland Security Council, in conjunction with the National Economic Council, shall serve as the integrated policymaking forum for consideration and formulation of national defense resource preparedness policy and shall make recommendations to the President on the use of authorities under the Act.

(b)  The Secretary of Homeland Security shall:

(1)  advise the President on issues of national defense resource preparedness and on the use of the authorities and functions delegated by this order;

(2)  provide for the central coordination of the plans and programs incident to authorities and functions delegated under this order, and provide guidance to agencies assigned functions under this order, developed in consultation with such agencies; and

(3)  report to the President periodically concerning all program activities conducted pursuant to this order.

(c)  The Defense Production Act Committee, described in section 701 of this order, shall:

(1)  in a manner consistent with section 2(b) of the Act, 50 U.S.C. App. 2062(b), advise the President through the Assistant to the President and National Security Advisor, the Assistant to the President for Homeland Security and Counterterrorism, and the Assistant to the President for Economic Policy on the effective use of the authorities under the Act; and

(2)  prepare and coordinate an annual report to the Congress pursuant to section 722(d) of the Act, 50 U.S.C. App. 2171(d).

(d)  The Secretary of Commerce, in cooperation with the Secretary of Defense, the Secretary of Homeland Security, and other agencies, shall:

(1)  analyze potential effects of national emergencies on actual production capability, taking into account the entire production system, including shortages of resources, and develop recommended preparedness measures to strengthen capabilities for production increases in national emergencies; and

(2)  perform industry analyses to assess capabilities of the industrial base to support the national defense, and develop policy recommendations to improve the international competitiveness of specific domestic industries and their abilities to meet national defense program needs.

PART II  -  PRIORITIES AND ALLOCATIONS

Sec. 201Priorities and Allocations Authorities.  (a)  The authority of the President conferred by section 101 of the Act, 50 U.S.C. App. 2071, to require acceptance and priority performance of contracts or orders (other than contracts of employment) to promote the national defense over performance of any other contracts or orders, and to allocate materials, services, and facilities as deemed necessary or appropriate to promote the national defense, is delegated to the following agency heads:

(1)  the Secretary of Agriculture with respect to food resources, food resource facilities, livestock resources, veterinary resources, plant health resources, and the domestic distribution of farm equipment and commercial fertilizer;

(2)  the Secretary of Energy with respect to all forms of energy;

(3)  the Secretary of Health and Human Services with respect to health resources;

(4)  the Secretary of Transportation with respect to all forms of civil transportation;

(5)  the Secretary of Defense with respect to water resources; and

(6)  the Secretary of Commerce with respect to all other materials, services, and facilities, including construction materials.

(b)  The Secretary of each agency delegated authority under subsection (a) of this section (resource departments) shall plan for and issue regulations to prioritize and allocate resources and establish standards and procedures by which the authority shall be used to promote the national defense, under both emergency and non-emergency conditions.  Each Secretary shall authorize the heads of other agencies, as appropriate, to place priority ratings on contracts and orders for materials, services, and facilities needed in support of programs approved under section 202 of this order.

(c)  Each resource department shall act, as necessary and appropriate, upon requests for special priorities assistance, as defined by section 801(l) of this order, in a time frame consistent with the urgency of the need at hand.  In situations where there are competing program requirements for limited resources, the resource department shall consult with the Secretary who made the required determination under section 202 of this order.  Such Secretary shall coordinate with and identify for the resource department which program requirements to prioritize on the basis of operational urgency.  In situations involving more than one Secretary making such a required determination under section 202 of this order, the Secretaries shall coordinate with and identify for the resource department which program requirements should receive priority on the basis of operational urgency.

(d)  If agreement cannot be reached between two such Secretaries, then the issue shall be referred to the President through the Assistant to the President and National Security Advisor and the Assistant to the President for Homeland Security and Counterterrorism.

(e)  The Secretary of each resource department, when necessary, shall make the finding required under section 101(b) of the Act, 50 U.S.C. App. 2071(b).  This finding shall be submitted for the President’s approval through the Assistant to the President and National Security Advisor and the Assistant to the President for Homeland Security and Counterterrorism.  Upon such approval, the Secretary of the resource department that made the finding may use the authority of section 101(a) of the Act, 50 U.S.C. App. 2071(a), to control the general distribution of any material (including applicable services) in the civilian market.

Sec. 202Determinations.  Except as provided in section 201(e) of this order, the authority delegated by section 201 of this order may be used only to support programs that have been determined in writing as necessary or appropriate to promote the national defense:

(a)  by the Secretary of Defense with respect to military production and construction, military assistance to foreign nations, military use of civil transportation, stockpiles managed by the Department of Defense, space, and directly related activities;

(b)  by the Secretary of Energy with respect to energy production and construction, distribution and use, and directly related activities; and

(c)  by the Secretary of Homeland Security with respect to all other national defense programs, including civil defense and continuity of Government.

Sec. 203Maximizing Domestic Energy Supplies.  The authorities of the President under section 101(c)(1) (2) of the Act, 50 U.S.C. App. 2071(c)(1) (2), are delegated to the Secretary of Commerce, with the exception that the authority to make findings that materials (including equipment), services, and facilities are critical and essential, as described in section 101(c)(2)(A) of the Act, 50 U.S.C. App. 2071(c)(2)(A), is delegated to the Secretary of Energy.

Sec. 204Chemical and Biological Warfare.  The authority of the President conferred by section 104(b) of the Act, 50 U.S.C. App. 2074(b), is delegated to the Secretary of Defense.  This authority may not be further delegated by the Secretary.

PART III  -  EXPANSION OF PRODUCTIVE CAPACITY AND SUPPLY

Sec. 301Loan Guarantees.  (a)  To reduce current or projected shortfalls of resources, critical technology items, or materials essential for the national defense, the head of each agency engaged in procurement for the national defense, as defined in section 801(h) of this order, is authorized pursuant to section 301 of the Act, 50 U.S.C. App. 2091, to guarantee loans by private institutions.

(b)  Each guaranteeing agency is designated and authorized to:  (1) act as fiscal agent in the making of its own guarantee contracts and in otherwise carrying out the purposes of section 301 of the Act; and (2) contract with any Federal Reserve Bank to assist the agency in serving as fiscal agent.

(c)  Terms and conditions of guarantees under this authority shall be determined in consultation with the Secretary of the Treasury and the Director of the Office of Management and Budget (OMB).  The guaranteeing agency is authorized, following such consultation, to prescribe:  (1) either specifically or by maximum limits or otherwise, rates of interest, guarantee and commitment fees, and other charges which may be made in connection with such guarantee contracts; and (2) regulations governing the forms and procedures (which shall be uniform to the extent practicable) to be utilized in connection therewith.

Sec. 302Loans.  To reduce current or projected shortfalls of resources, critical technology items, or materials essential for the national defense, the head of each agency engaged in procurement for the national defense is delegated the authority of the President under section 302 of the Act, 50 U.S.C. App. 2092, to make loans thereunder.  Terms and conditions of loans under this authority shall be determined in consultation with the Secretary of the Treasury and the Director of OMB.

Sec. 303Additional Authorities.  (a)  To create, maintain, protect, expand, or restore domestic industrial base capabilities essential for the national defense, the head of each agency engaged in procurement for the national defense is delegated the authority of the President under section 303 of the Act, 50 U.S.C. App. 2093, to make provision for purchases of, or commitments to purchase, an industrial resource or a critical technology item for Government use or resale, and to make provision for the development of production capabilities, and for the increased use of emerging technologies in security program applications, and to enable rapid transition of emerging technologies.

(b)  Materials acquired under section 303 of the Act, 50 U.S.C. App. 2093, that exceed the needs of the programs under the Act may be transferred to the National Defense Stockpile, if, in the judgment of the Secretary of Defense as the National Defense Stockpile Manager, such transfers are in the public interest.

Sec. 304Subsidy Payments.  To ensure the supply of raw or nonprocessed materials from high cost sources, or to ensure maximum production or supply in any area at stable prices of any materials in light of a temporary increase in transportation cost, the head of each agency engaged in procurement for the national defense is delegated the authority of the President under section 303(c) of the Act, 50 U.S.C. App. 2093(c), to make subsidy payments, after consultation with the Secretary of the Treasury and the Director of OMB.

Sec. 305Determinations and Findings.  (a)  Pursuant to budget authority provided by an appropriations act in advance for credit assistance under section 301 or 302 of the Act, 50 U.S.C. App. 2091, 2092, and consistent with the Federal Credit Reform Act of 1990, as amended (FCRA), 2 U.S.C. 661 et seq., the head of each agency engaged in procurement for the national defense is delegated the authority to make the determinations set forth in sections 301(a)(2) and 302(b)(2) of the Act, in consultation with the Secretary making the required determination under section 202 of this order; provided, that such determinations shall be made after due consideration of the provisions of OMB Circular A 129 and the credit subsidy score for the relevant loan or loan guarantee as approved by OMB pursuant to FCRA.

(b)  Other than any determination by the President under section 303(a)(7)(b) of the Act, the head of each agency engaged in procurement for the national defense is delegated the authority to make the required determinations, judgments, certifications, findings, and notifications defined under section 303 of the Act, 50 U.S.C. App. 2093, in consultation with the Secretary making the required determination under section 202 of this order.

Sec. 306Strategic and Critical Materials.  The Secretary of Defense, and the Secretary of the Interior in consultation with the Secretary of Defense as the National Defense Stockpile Manager, are each delegated the authority of the President under section 303(a)(1)(B) of the Act, 50 U.S.C. App. 2093(a)(1)(B), to encourage the exploration, development, and mining of strategic and critical materials and other materials.

Sec. 307Substitutes.  The head of each agency engaged in procurement for the national defense is delegated the authority of the President under section 303(g) of the Act, 50 U.S.C. App. 2093(g), to make provision for the development of substitutes for strategic and critical materials, critical components, critical technology items, and other resources to aid the national defense.

Sec. 308Government-Owned Equipment.  The head of each agency engaged in procurement for the national defense is delegated the authority of the President under section 303(e) of the Act, 50 U.S.C. App. 2093(e), to:

(a)  procure and install additional equipment, facilities, processes, or improvements to plants, factories, and other industrial facilities owned by the Federal Government and to procure and install Government owned equipment in plants, factories, or other industrial facilities owned by private persons;

(b)  provide for the modification or expansion of privately owned facilities, including the modification or improvement of production processes, when taking actions under sections 301, 302, or 303 of the Act, 50 U.S.C. App. 2091, 2092, 2093; and

(c)  sell or otherwise transfer equipment owned by the Federal Government and installed under section 303(e) of the Act, 50 U.S.C. App. 2093(e), to the owners of such plants, factories, or other industrial facilities.

Sec. 309Defense Production Act Fund.  The Secretary of Defense is designated the Defense Production Act Fund Manager, in accordance with section 304(f) of the Act, 50 U.S.C. App. 2094(f), and shall carry out the duties specified in section 304 of the Act, in consultation with the agency heads having approved, and appropriated funds for, projects under title III of the Act.

Sec. 310Critical Items.  The head of each agency engaged in procurement for the national defense is delegated the authority of the President under section 107(b)(1) of the Act, 50 U.S.C. App. 2077(b)(1), to take appropriate action to ensure that critical components, critical technology items, essential materials, and industrial resources are available from reliable sources when needed to meet defense requirements during peacetime, graduated mobilization, and national emergency.  Appropriate action may include restricting contract solicitations to reliable sources, restricting contract solicitations to domestic sources (pursuant to statutory authority), stockpiling critical components, and developing substitutes for critical components or critical technology items.

Sec. 311Strengthening Domestic Capability.  The head of each agency engaged in procurement for the national defense is delegated the authority of the President under section 107(a) of the Act, 50 U.S.C. App. 2077(a), to utilize the authority of title III of the Act or any other provision of law to provide appropriate incentives to develop, maintain, modernize, restore, and expand the productive capacities of domestic sources for critical components, critical technology items, materials, and industrial resources essential for the execution of the national security strategy of the United States.

Sec. 312Modernization of Equipment.  The head of each agency engaged in procurement for the national defense, in accordance with section 108(b) of the Act, 50 U.S.C. App. 2078(b), may utilize the authority of title III of the Act to guarantee the purchase or lease of advance manufacturing equipment, and any related services with respect to any such equipment for purposes of the Act.  In considering title III projects, the head of each agency engaged in procurement for the national defense shall provide a strong preference for proposals submitted by a small business supplier or subcontractor in accordance with section 108(b)(2) of the Act, 50 U.S.C. App. 2078(b)(2).

Executive Order — National Defense Resources Preparedness | The White House

Van Jones Is A Feature…Not A Bug Of The Obama Administration

Former White House staffer under President Reagan, Jeffery Lord puts together a solid if unimaginative article directing Glenn Beck to ask the following questions.

Here are the questions Glenn Beck and others should be asking, based on my own personal experience:
  1. Who on the White House staff cleared Van Jones?
  2. What was that person’s connection to Van Jones or Mr. Jones’s political sponsor?
  3. Who, exactly, was Mr. Jones’ sponsor for this job? How much money did he/she contribute to the Obama campaign?
  4. Did the Secret Service notify anyone on the White House staff — or the President or First Lady or Vice President Biden — that Mr. Jones had an arrest record on file with police in two cities?
  5. Did the Secret Service protest any of this, objecting to Mr. Jones’ clearance?
  6. If the Secret Service did object, who overruled them? The President? The Chief of Staff? Someone else?
  7. If the answer to this last question is yes, and the Secret Service was overruled by the President or someone else, why did this happen?
  8. The White House is a busy place. But there are always answers to questions like these.

Are you struck, as I was, by how naive and weak these questions are? Doesn’t Jeffery KNOW the answers to those questions? Is he afraid of upsetting the radicals in the White House? There really isn’t any reason to forgive the American public for crime it did to this nation by being lazy regarding vetting Obama. All of the connections to his radical friends and beliefs were available to anyone who did the least bit of searching. But if we are not able to forgive the American public, who are notoriously uninterested in politics, then exactly what do we think of an insider like Lord when he asks such naive and weak questions? Here Jeffery let me answer all of your questions…Obama.

My goodness Mr. Lord did you miss the part where Obama was turned over as a child to a communist mentor? That his mother was herself a “progressive”? Did you miss the cheerleading for Obama that is going on in Marxist websites such as Political Affairs? William Ayers, Father Phlegar, Revrend Wright, Khalidi and a the entire panoply of leftist nutjobs did you miss all of them??? Because if you have been paying attention these last few years you know that Van Jones is not a bug….he is a feature of the Obama administration.

Reading the comments I was struck by this commenter. Read this…at the end I have a couple of questions.

Wow. Mr. Lord, are YOU stuck in the dark ages or what? Very cute, your assuming any rules of decorum or tradition or respect for institutions still apply to presidential politics.

You think you are being SCANDALOUS by obliquely intimating that Obama might have – gasp – approved of a gangsta like Jones being in the White House? Hellooooooo! Obama WANTS people like this around him. It’s WHO OBAMA IS. Jones wasn’t approved in spite of his record; he was approved BECAUSE of it. Wake the hell up, you white-glove conservatives.

The rules ALL changed with the coronation of our first hip-hop president. Hip hop culture draws in no small measure from the thuggish conventions that were forged in America’s raw urban slums. It is the romanticizing – and lionization – of the ghetto’s Lord-of-the-Flies mentality vis a vis the mundane middle class decorum practiced by the pampered bourgeoisie. The Vanilla Drudges that comprise the “ancien regime” spend most of their time safely insulated in the protective bubble-wrap of dreary suburban values – values that are invariably scorned by rebellious youth, counter-cultural trendiness and, of course, the newly-ennobled gangstas, pimps and hoes themselves.

The hip-hop culture’s hallmark is a harsh, aggressive, rude style of in-your-face interaction, always punctuated by a crass materialism, a worship of instant gratification, an ostentatiously unapologetic avarice, and a bullying sense of entitlement that have been folded up neatly, given the stamp of “authenticity” and enshrined in our pop culture by our ever-so-wise children, “ageless” hipsters and, of course, “caring” liberals everywhere. And its impact on civility and the decorum that used to dictate dignified human interaction has been like hydrochloric acid on tender skin.

Snipped for brevity…further down.

And Van Jones personifies this mentality – and our tolerance of it – perfectly, no matter how much environmentalism, social justice, or well-tailored drapery he hides his ghetto ethic in. And the minimal cluck-clucking about what’s really behind his appointment proves that the tribute white guilt pays to thuggish black culture is, as ever, alive and well – as we see with Jeffrey Lord’s painstaking avoidance of – dare I say it, calling a spade a spade –and identifying what’s really going on with the Obama administration: It is the rise of the Hip Hop presidency. Even the ostensibly conservative Fox All-Stars Charles Krauthammer and Stephen Hayes delicately parse their responses to this travesty oh-so-equanimously, airbrushing out the more thuggish aspects of Jones’s behavior and laughing off a lack of basic civility that you can bet would have had their panties in a bunch during the Bush era. Why, who cares about the death of decorum, of serious people taking serious approaches to serious problems? (Jones IS black, after all.) Why, their only quibble is that Jones was revealed to be a – gasp – “truther!”

Hey, Charles and Stephen: That should have been the last straw, not the first.

So I wouldn’t count on Van Jones being kicked unceremoniously to the curb. He’s a “playa,” after all, and as hip-hop teaches us, we are to “hate the game, but not the playa.” And even if he is jettisoned from the administration, there are many, many more brutish, unhinged thugs where he came from. Just as occurred with the Reign of Terror, it is the very rejection of tradition, decorum, rule of law, common sense and civility that are the fuel of the Obama revolution. Wake up, conservatives. You have got to get hip to what the administration already knows: If you get rid of all of the rotten apples in this barrel, you’re going to wind up with an empty barrel. The American Spectator : The Real Van Jones Scandal: Why Glenn Beck Is Right

That comment and many others like it was posted on the American Spectator site not some fringe site catering to white supremacy. Read it again. Striking that these sorts of comments are starting to become mainstream. I agree wholeheartedly with the comment. But it is still strange to see these sorts of thoughts discussed openly. 5 years ago American Spectator probably would have banned a person for uttering such thoughts. Makes a person wonder how well the post racial America is doing. Now my questions for Glenn Beck.

  1. Do you believe that Obama is subverting the constitution by appointing Czars?
  2. What do you plan on doing about it?
  3. Do you think that Congress has an oversight role to play in the President’s appointments?
  4. What if the President subverts this oversight role?
  5. What does the congress plan on doing about it?

Finally

  1. Are the limits we have in place limiting the actions of the President effective against a person who might not feel restricted by traditions and who might be counting on the press to cover for him?

Let’s not speculate that Obama is Hitler but we should ask what if a radical somehow got into power. Exactly how would we limit the damage?

UPDATE: VAN JONES RESIGNS…one down a bunch more to go.

Greenspan, Has He Gone Native?

Once upon a time this Greenspan existed. Here is a piece he wrote when he was 41 titled GOLD AND ECONOMIC FREEDOM:

When business in the United States underwent a mild contraction in 1927, the Federal Reserve created more paper reserves in the hope of forestalling any possible bank reserve shortage. More disastrous, however, was the Federal Reserve’s attempt to assist Great Britain who had been losing gold to us because the Bank of England refused to allow interest rates to rise when market forces dictated (it was politically unpalatable). The reasoning of the authorities involved was as follows: if the Federal Reserve pumped excessive paper reserves into American banks, interest rates in the United States would fall to a level comparable with those in Great Britain; this would act to stop Britain’s gold loss and avoid the political embarrassment of having to raise interest rates.

This was included in one of my favorite books Capitalism: The Unknown Ideal. Greenspan goes on in GOLD AND ECONOMIC FREEDOM.

The "Fed" succeeded; it stopped the gold loss, but it nearly destroyed the economies of the world in the process. The excess credit which the Fed pumped into the economy spilled over into the stock market — triggering a fantastic speculative boom. Belatedly, Federal Reserve officials attempted to sop up the excess reserves and finally succeeded in braking the boom. But it was too late: by 1929 the speculative imbalances had become so overwhelming that the attempt precipitated a sharp retrenching and a consequent demoralizing of business confidence. As a result, the American economy collapsed. Great Britain fared even worse, and rather than absorb the full consequences of her previous folly, she abandoned the gold standard completely in 1931, tearing asunder what remained of the fabric of confidence and inducing a world-wide series of bank failures. The world economies plunged into the Great Depression of the 1930’s.

Fast forward 42 years and apparently Greenspan has decided that freedom, to succeed or in this case fail, is not that important anymore.

Greenspan backs bank nationalisation

The US government may have to nationalise some banks on a temporary basis to fix the financial system and restore the flow of credit, Alan Greenspan, the former Federal Reserve chairman, has told the Financial Times.

In an interview, Mr Greenspan, who for decades was regarded as the high priest of laisser-faire capitalism, said nationalisation could be the least bad option left for policymakers. In depth: US banks – Feb-10 Bank nationalisation gains ground with Republicans – Feb-18 Greenspan says Tarp needs boost – Feb-18

”It may be necessary to temporarily nationalise some banks in order to facilitate a swift and orderly restructuring,” he said. “I understand that once in a hundred years this is what you do.FT.com / US / Politics & Foreign policy – Greenspan backs bank nationalisation

Apparently Greenspan has gone native. Meaning that he has become the corruption he once fought in Washington DC. He has accepted the idea that failure must be avoided. But failure is what keeps the system tuned to it’s peak. Failure is the survival of the fittest. Businesses should be allowed to fail exactly because it would encourage everyone involved to pay more attention to their finances than to what the stats are to their favorite football team. Responsibility has vanished from our land. We have accepted the idea that it is governments job to do our due diligence. We have become so naive because of our abdicating our responsibilities that we actually believe the government has our best interests at heart. My goodness that is absurd whether a R or a D follows a politicians name. Remember one of the most brilliant quotes of President Ford: “A government big enough to give you everything you want, is strong enough to take everything you have."

Of course one might wonder why anyone would be asking Greenspan his opinion since his loose credit policies have had so much to do with the collapse in our country. But naturally in our current political culture failure is rewarded. Once upon a time honor demanded that you fall on your sword if you failed.

Los Angeles Times Is Saving Obama Campaign from a Landslide Loss by Not Releasing Video of This Banquet!

From the NY Sun…That Guy From Obama’s Neighborhood, Billy Ayers and that Chick Bernardette Dohrn attending banquet where Obama toasts PLO Terrorist Khalidi. Gotta love the fact that we have a candidate for the Presidency of the United States toasting the PLO!

But when Columbia academic officials made this choice they knew they were getting a Palestinian political activist. From 1976 to 1982, Mr. Khalidi was a director in Beirut of the official Palestinian press agency, WAFA. Later he served on the PLO "guidance committee" at the Madrid peace conference.

In bringing professor Khalidi to Morningside Heights from the University of Chicago, Columbia also got itself a twofer of Palestinian activism and advocacy. Mr. Khalidi’s wife, Mona, who also served in Beirut as chief editor of the English section of the WAFA press agency, was hired as dean of foreign students at Columbia’s SIPA, working under Dean Anderson. In Chicago, the Khalidis founded the Arab American Action Network, and Mona Khalidi served as its president. A big farewell dinner was held in their honor by AAAN with a commemorative book filled with testimonials from their friends and political allies. These included the left wing anti-war group Not In My Name, the Electronic Intifada, and the ex-Weatherman domestic terrorists Bernadine Dohrn and Bill Ayers. (There were also testimonials from then-state Senator Barack Obama and the mayor of Chicago.)Mideast Parley Takes Ugly Turn At Columbia U. – February 4, 2005 – The New York Sun

The Obama toast…

“Israel has no God-given right to occupy Palestine” plus there’s been “genocide against the Palestinian people by Israelis

Sounds like Obama might not be honest when runs around these days declaring he is for protecting Israel. Sounds like Israel might join all the others thrown under the bus in Obama’s rush to power.

Sounds like any promises that Obama made towards the American Jewish community regarding Israel have about as much behind them as his promises on taxes.

Currently the floor on who gets taxed has dropped from 250,000 per year to 120,000. And if you don’t want to pay that then you are selfish!

Defending himself against charges of socialism by McCain and Palin "You know I don’t know when, when they decided they wanted to make a virtue out of selfishness."