Budos World

We may be on a nine-month reality time lag here. What investment master chiefs Jim Rogers and Marc Faber were saying about the danger to the dollar ten months ago mainstream pundits are saying today. And what South Carolina’s Mark Sanford and Texas Governor Rick Perry were saying about the bailouts last November, McCain is saying today.

“I think you could say that it is a short-term improvement in the economy. And I’ll be glad to give him [Obama] credit for that,” McCain told CNN’s John King in an interview taped Friday for State of the Union. “But the question that I think we should be asking are the long term consequences of this unprecedented debts and deficits — are they beneficial to the country? And I think the answer is no.”

Long term, Faber has said, the printing of money will bring inflation of 20% and possibly 100% in a sea of paper.

“Never have I seen such a transfer from the private enterprise system to the government of such massive scale,” he told Moore. He went through the list: car companies, banks, insurance firms owned by government, and he especially grimaced when he mentioned the $787 billion stimulus package.

In recent weeks, Rogers, speaking plainly, simply called it American communism. Let’s see who speaks up nine months hence.

The only time where we amassed greater debt was during World War II, and that was temporary spending, he said. “We won the world war and then cut back. But now . . . the spending is permanent.”

read the full article at Quigley

We are at a critical time in our history, never has the President told people that gatherings where staged, is this a third world country we now live in? Starting to look that way.

A recent White House blog written by the White House Director of New Media states that ”there is a lot of disinformation about health insurance reform out there” both on the web and floating around in chain emails.

The blog continues, ‘’since we can’t keep track of all of them here at the White House, we’re asking for your help. If you get an email or see something on the web about health insurance reform that seems fishy, send it to flag@whitehouse.gov.”

This is absurd! In a nutshell, the White House is asking Americans to report on their neighbors, family, and friends who disagree with the President’s policy choices on health care.

As you can see the hits just keep coming

From the Charleston (W.Va.) Daily Mail

The inconvenient truth is that the United States must have a realistic, rational, national energy policy. …

Coal provides half the electric power that Americans count on. …

The United States will remain dependent on coal for decades to come, because adequate replacement sources do not exist and may never exist. Americans would have to cover hundreds of thousands of square miles of land … with windmills and solar cells to generate even a fraction of the power that now comes from coal.

That energy would be far more expensive, too.

A coal-free future would do devastating damage to the American economy.

None of that matters to the zealous fringe, which is interested only in the great morphed-up bugaboo called “global warming.”

… They do not concern themselves with the realities West Virginians face. They are not responsible for whether their fellow Americans have the reliable, reasonably priced power they need to sustain a competitive economy.

Elected officials — state and national — are responsible for all that and more.

It’s heavier lifting than grandstanding for television cameras, and should be taken more seriously.

From The Seattle Times

The “cash for clunkers” proposals to pay Americans as much as $4,500 to buy new cars and trucks is [sic] a questionable use of the public’s money.

… This is not a subsidy for all Americans, or all taxpayers. It’s a subsidy only for those who buy approved cars and trucks in the plan year.

Few of the buyers will be poor, because the poor are less likely to buy new cars and trucks, instead opting for used cars. But the old cars the government buys under these programs will not be put on the used-car market. They will be scrapped.

… The aim of the program is to stimulate the U.S. economy. But under the World Trade Organization agreement, each country promises to treat other members’ products under the same rules as its own. It’s generally a good rule, but it does mean any U.S. taxpayer subsidies will have to be available for the purchase of imports …

Finally, all this is happening when our state is laying off teachers and pushing 40,000 people off the Basic Health Plan. … It will be difficult to explain to people why there is not enough money for teachers and medicine but that government cash can be had if they buy themselves a new truck or car.

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Siding with Chavez?

I wonder if President Obama feels comfortable siding with Hugo Chavez.

Chavez, who knows something about coups, is leading the opposition to the Honduran Coup, because his good buddy, Manuel Zelaya, was ousted by the military and replaced by somebody from his own political party.

Zelaya’s crime was to listen too closely to Mr. Chavez and try to run Honduras like Chavez has run Venezuela, which is to say, into the ground.

Zelaya, like Chavez, is a crackpot. He ran as a right-of-center candidate, but then had a change of heart in the middle of his term, became a left-wing darling of the Castro crowd, and then tried to change the Honduran Constitution so that he could keep taking Honduras to the left.

The military, with the full support of the Honduran Congress, said enough is enough, and exported Mr. Zelaya to a different country.

America doesn’t have the best of reputations when it comes to coups and South America, and that history puts the Obama administration in a tough spot.

They have to condemn the coup, because they don’t want the people of Central and South America thinking that the U.S. had anything to do with it.

On the other hand, it must make Mr. Obama somewhat uncomfortable to be seen allied with Mr. Chavez, the two-bit banana republic dictator.

Chavez — and his comrade in arms Daniel Ortega (as well as his other crackpot friend, Mr. Morales of Bolivia) — are all inspired by the leadership of Fidel Castro. They all want to follow his example of opposing the United States, suppressing political dissent, expropriating private property and generally imposing Soviet-style government on their people.

Zelaya thought that Chavez and his coven had it about right, and he too wanted to join the dictators’ club.

The Honduran military, which enjoys close cooperation with the American military, wasn’t going to let that happen. Neither was the Honduran Congress nor the political party that Mr. Zelaya still belongs to and once led.

We should keep quiet on this one, and support the people of Honduras. They were tired of Mr. Zelaya’s erratic behavior and they weren’t going to support his power-grab.

Military coups are never a good thing, but it was time for Mr. Zelaya to go. Let’s not give aid and comfort to that scourge of democracy, Mr. Chavez. Let the Hondurans handle it, and let’s hope that America stays out of it.