Skip to comments.Reflections on 2013; What's Important, What's Not? What's Ahead?
Posted on 01/04/2014 10:49:50 AM PST by Kaslin
According to Yahoo!News the top story of the year was the Jodi Arias trial.
I confess. I never heard of her. Had to look it up.
Most of the Yahoo!News top ten would not have made my top 100. My criteria includes events that have a chance to shape history in a major way.
Here are my lists, county by country, theme by theme.
Obamacare has been in the news multiple times a day, for months on end. Republicans attempting to overturn Obamacare made fools of themselves doing so. They lost a major budget battle in the process. Ironically, it was not until Republicans gave up, that Obamacare public opinion changed.
On December 23, a CNN Poll showed Obamacare Support at Record Low 35%. The Fiscal Times noted Millennials Jump Ship over Obamacare Bait and Switch. The Fiscal Times also rated Obama's health care promise the "Lie of the Year".
And the story is not yet over: Three states have legislation pending that would Gut Obamacare, making enforcement of the law illegal.
Bernanke Out; Yellen In; Fed Tapers
Bernanke is out Janet Yellen is in, following a D.C. battle for Fed chairperson between Yellen and Larry Summers. It's a case of Tweedle Dum vs. Tweedle Dee. Neither is qualified for the job.
Given there shouldn't be a Fed in the first place, it would be more accurate to state "Yellen and Summers are uniquely unqualified for the job".
At long last, the Fed has finally started to taper. Had I suggested in 2007 that the Fed balance sheet expansion of $75 billion a month would have been considered "tightening" people would have thought I was nuts. Here we are. On December 18, the Fed Tapered $10 Billion with Cornucopia of Dovish Platitudes.
As with the Greenspan fueled housing bubble, the bulk of this story is yet to come. Before the housing crash, people referred to Greenspan as "The Maestro".
A similar crash in public opinion awaits Bernanke for fueling one of the biggest, if not the biggest stock and bond market bubbles in history.
With a huge gratitude of thanks to Ed Snowden, the world learned what a big hypocrite the US is, and how the NSA is spying on every phone conversation and everything everyone does on the internet.
An international scandal arose when Snowden revealed the US was tapping the phones of 35 world leaders including German Chancellor Angela Merkel.
In the name of "security" our 4th and 1st Amendments are Under Fire.
On December 16, in a rare victory for constitutional freedoms, U.S. District Court Judge Richard Leon, ruled NSA phone program likely unconstitutional. (See District Court Judge Rules NSA Phone Taps Likely Unconstitutional; 68 Page Ruling Cites "Orwellian Technology" and Unreasonable Searches).
Unfortunately, on December 27, another district judge ruled NSA Surveillance is Legal. A showdown in the Supreme Court is nearly guaranteed.
Perhaps we will see some serious changes, but if not, everyone ought to finally realize George Orwell's distinctly unpleasant "Big Brother" visionary outcome has arrived. Orwell's book 1984 was written in 1949.
On December 31, I commented Celebrate the New Year: 1984.
Bankruptcies in Detroit, Stockton, San Bernardino