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Sunday, February 28, 2010

Pelosi Says She's Running Most Ethical Congress Ever!:

During a Friday press conference, House Speaker Nancy Pelosi (D-Calif.) said she was running the most ethical Congress ever.CNSNews.com reported Friday:
When a reporter prefaced a question about Rangel by noting that Pelosi had promised to run the "most ethical and honest Congress in history" she interrupted him to say: "And we are." 
Despite the absurdity of this remark, CNSNews.com and Fox News were by themselves amongst major press outlets in finding it newsworthy (readers are cautioned to stow fluids as well as sharp items, and make sure their mouths are free of food or liquid before proceeding to the hysterical video embedded below the fold):

Oba-Kabuki: A box-office bomb

By Michelle Malkin  •  February 26, 2010 09:13 AM 

The Oba-Kabuki health care show at Blair House kicked off with a big lie on Thursday morning – and it all went downhill from there. The taxpayer-funded infomercial backfired by exposing the president’s thin skin, the Democrats’ naked disingenuous, and the ruling majority’s allergies to political and policy realities.
Responding to Sen. Lamar Alexander’s opening call for Democrats to renounce parliamentary tactics designed to limit debate, circumvent filibusters, and lower the threshold for passage of health care reform to a simple, 51-vote majority, Senate Majority Leader Harry Reid sputtered indignantly: “No one’s talking about reconciliation!” Everybody and their mothers have been invoking the R-word on Capitol Hill, starting with Reid himself.

The Calm Before the Coming Sovereign Debt Storm

by Martin D. Weiss

If I’ve learned anything in the 39 years since I founded Weiss Research, it’s this: I can only help those who are ready to help themselves.

I’ve seen it happen so many times and it never ceases to concern me deeply:
Our research reveals a crisis on the horizon — something with the power to wipe out millions of portfolios and retirement plans. 
We shout our warnings from the rooftops over many

Saturday, February 27, 2010

Let's Enjoy The Depression!

By Bill Bonner
Baltimore, Maryland

The depression is alive and well!

US unemployment claims just came in higher than expected.

And new house sales in January were at their lowest ever. Pundits were quick to blame the snow. But sales were off even in areas that had better-than-usual weather.

Household income has gone nowhere in 10 years. Stocks have suffered a lost decade too. And now Ben Bernanke says we’d better be careful... because the recovery ain’t no sure thing.

The economists have no clue. But average people know what’s going on. They know how hard it is to find a job. And if you’re in the building trades... or you have only a year or two of college... you’re pretty much out of luck. You may have to retire before you ever start work again.

Monday, February 22, 2010

Doomsday Tax Predictions for Illinois

State watchdog group calls for 'historical' increase in personal income tax

By JENEL NELS
Updated 11:27 AM CST, Mon, Feb 22, 2010


In order to crawl from beneath crushing debt and reach fiscal solvency, Illinois legislators must choose from a series of options that range from bad to worse, according to a prominent watchdog group.
The Civic Federation wants to launch an intervention that includes significant budget cuts and the largest tax increase package in Illinois history, all in an effort to save the state from a