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Tuesday, October 25, 2005

More on Money

If you don't recieve Townhall's daily pundit compendium then you are missing something as every column in tonight's release is a worthy read thus my tardiness to post. With four brilliant economists furthering my Barnyard sense of last night's ranting. I lead with Bill murchison's great piece, though read all the bottom six columns listed on the right and Mike Adams is a never miss for me as well.


Of home runs and Fed chairman
Oct 25, 2005by Bill Murchison ( bio archive contact )
In our fragmented, minute-by-minute universe, we get to thinking of the president the United States, a certain George Bush, as the man who blew the Big Blow rescue operation in New Orleans, nominated a crony to the Supreme Court, and now, may lose his arch political strategist over the Judith Miller/Valerie Plame affair. Out of the air comes the appointment of Ben Bernanke to succeed Alan Greenspan as Grand Keeper of Economic Prosperity, and the market reminds us of how much more presidents do than just get in trouble with partisan rivals and the news media.
The market quickly signaled its deep approval of Bernanke,

Yea I am one of those strange people who actually enjoy economics and understands how it works. It is very simple, Gov't stay out and let the free market work, regulation stifles innovation, socialism stifles desire to succeed and taxation and debt lead to bankruptcy. Rebecca Hagelin in her article there, makes this very salient point that we should all be aware of.
Dr. Feulner also gave a hard cold fact that made me feel ill:

"“We are less than one generation away from Congress being unable to pay for
anything other than Medicare, Medicaid, Social Security, and interest on the
federal debt -- leaving not so much as a penny for defense or homeland
security.

“I repeat: We are one generation away from Congress being
unable to pay
for anything other than Medicare, Medicaid, Social Security,
and interest on the
federal debt.”


As a mother, I find that fact appalling. When I look into the eyes of my
children, how can I explain that my generation is squandering their future? No
logical explanation exists. I wonder, do other parents realize what’s at stake?"

And I will give Annie the:

THE LAST WORD
"We've been waiting 30 years to end the lunacy of nine demigods on the Supreme Court deciding every burning social issue of the day for us, loyal subjects in a judicial theocracy.
We don't want someone who will decide those issues for us—but decide them 'our'
way. If we did, a White House bureaucrat with good horse sense might be just the
ticket. Admittedly, there isn't much that's more important than ending the
abortion holocaust in America. (Abortionist casualties: 7; Unborn casualties: 30
million.) But there is one thing. That is democracy. Democracy sometimes leads
to silly laws such as the one that prohibited married couples from buying
contraception in Connecticut. But allowing Americans to vote has never led to
créches being torn down across America. It's never led to prayer being purged
from every public school in the nation. It's never led to gay marriage. It's
never led to returning slaves who had escaped to free states to their
slavemasters. And it's never led to 30 million dead babies. We've gone from a
representative democracy to a monarchy, and the most appalling thing is—even
conservatives just hope like the dickens the next king is a good one." —Ann
Coulter

And their Quote for today, quite apropo I would say!



Founders Quote Daily
It is too probable that no plan we propose will be
adopted. Perhaps another dreadful conflict is to be sustained. If, to please the
people, we offer what we ourselves disprove, how can we afterwards defend our
work? Let us raise a standard to which the wise and the honest can repair. The
event is in the hand of God.
-- George Washington (as quoted by Gouverneur
Morris in Farrand's Records of the Federal Convention of 1787, 25 March 1787

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