Free Republic

It is ironic that, as the President predictably endorses the violent, odiferous Occupy Astroturf movement, the demand was emitted for a trillion dollars to be spent repairing the environment. I knew they were disgusting, but in such few numbers their impact can’t be that bad.Some commentators have noted the irony of these dedicated and sincere foot soldiers of the Left decrying Wall Street while lauding Wall Street’s most notorious hired gun (which they, again ironically, share with Big Labor), Barack Hussein Obama.The real irony, of course, is in the pundits’ own failure to recognize the classic third year of a...

Performed By White Comedian Paul Shanklin

Tapping into anger as the tea party movement has done, a coalition of progressive and civil rights groups marched Saturday on the Lincoln Memorial and pledged to support Democrats struggling to keep power on Capitol Hill. "We are together. This march is about the power to the people," said Ed Schultz, host of "The Ed Show" on MSNBC. "It is about the people standing up to the corporations. Are you ready to fight back?" In a fiery speech that opened the "One Nation Working Together" rally on the National Mall, Schultz blamed Republicans for shipping jobs overseas and curtailing freedoms....

This week I am at a conference in Houston. I must confess that I don't attend many of the sessions at most conferences where I speak. But today, the guys at Streettalk Advisors have such a great lineup that I am there for every session. But it's Friday and I need to write. The solution? This week you get a "best of" letter. The best ideas I've heard and the best charts I've seen at this conference. Then we close with two short but very thoughtful essays from Charles Gave and Arthur Kroeber of GaveKal on "The Morality of Chinese...

The artist whose poster of Barack Obama became a rallying image during the hope-and-change election of 2008 says he understands why so many people have lost faith. In an exclusive interview with National Journal on Thursday, Shepard Fairey expressed his disappointment with the president -- a malaise that seems representative of many Democrats who had great expectations for Obama. Fairey explained that when he came up with the poster in 2008, he was trying to find a single image that embodied the issues he cared most about -- promoting health care, helping labor, and curtailing lobbyists. He likened the issues...

Liberals analyze their Obama 'despair' By: Abby Phillip July 10, 2010 05:38 PM EDT For many liberals, it is the summer of their discontent. Already disappointed with President Barack Obama’s ability to deliver on campaign promises, they now contemplate a slowing economic recovery and a good chance of Republican gains in November. Such developments would make enacting Obama’s agenda even more difficult. Two recent essays framed the debate raging within the progressive community over why the promise of Obama’s candidacy has not lived up to their expectations — and how liberals should proceed in what they fear will be difficult...

You won't believe what just happened...

Peter Singer's June 6th essay for the New York Times about whether or not we should be the "last generation" to humans to live, suffer, and mess up the planet elicited much response (here is my post about it), and Singer has now responded to some of the responders. If nothing else, it confirms what his first essay demonstrated fairly well, despite its relative brevity: Singer's arguments are generally pedestrian and hollow, as well as sometimes incoherent. For example: The claims made by some readers that my essay reveals philosophers to be gloomy, depressed people are therefore wide of the...

As the fugleman for conservative despair, I am of course neither shaken nor stirred at the passing of the health-care bills. It was to be expected. I see plainly that Western civilization, over my lifetime, has been a slow-sinking ship. The few who have known what is happening have worked desperately to seal the watertight doors, repair the fissures, pump out the flooded zones. It's been a losing fight, though. The tilt of the decks is harder and harder to ignore. Last night, a major bulkhead gave way. Soon a funnel will topple over with a great crash and a...

COPAKE, N.Y. (Jan. 22) -- State police in New York say an upstate dairy farmer shot and killed 51 of his milk cows in his barn before turning the rifle on himself. .....

My child is serving in Afghanistan. I remember months ago seeing the brave unit get on buses to deploy. One could feel the proud resolve emanating from the group of them. My thought was it was pride in the belief that they are going over there to do what they are trained to do. Last week I received a call from my young warrior the following was said. Morale was low and they were not doing what they were trained to do. My young patriot had a lot to, “get of my chest,” but couldn’t speak about it just then....

Barack Obama entered office proposing and then passing a Stimulus Plan that was breathtakingly ambitious. This legislation constituted "the greatest increase in government spending in world history". The explicit goal was to halt the serious and precipitous decline of the American economy. One of the central promises of this plan was to slow and then reverse the unemployment rate that had been creeping up at an increasingly alarming rate. Prior to the Stimulus' passage Obama assured a concerned nation that unemployment would go up to 8% and shortly begin a decline. And then the American people, comforted by this assurance,...

Green shoots are bursting out. Or so we are told. But before concluding that the recession will soon be over, we must ask what history tells us. It is one of the guides we have to our present predicament. Fortunately, we do have the data. Unfortunately, the story they tell is an unhappy one. EDITOR’S CHOICE Tight rules helped mitigate crisis in Brazil - Jun-16 Economists’ forum - Oct-01 Opinion: The three steps to financial reform - Jun-16 In depth: Global financial crisis - Sep-04 Economics: How the world economy might recover its poise - Jun-15 Two economic historians, Barry...

A Darwinist Religious Experience Described April 11, 2009 — As millions of Jews just completed Passover, and as millions of Christians gather to celebrate Easter, a Darwinist reporter was experiencing “existential vertigo” – a sweeping sense of dizziness as her imagination zoomed in and out of the implications of her faith. It may be the closest thing that a secular materialist can call a religious experience. And religious experience is an accurate description: it was the outworking of an all-encompassing world view, with ultimate causes, ultimate destinies, moral imperatives, and heavy doses of faith. Amanda Gefter (see her previous attack...

Sgt 1st Class Greg Stube almost lost his life in the battle of Sperwan Gar, west of Kandahar. His guts were blown out by a rocket and he lost a leg. His life was saved by his own will to live and also by a man he had refused to let graduate when he was an instructor at the Special Warfare School and Center at Ft Bragg. He gave the man a choice: Go home (back to the regular Army) or go through the course again. The man chose the second option, and ended up saving Sgt Stube's life....

Wolfgang Munchau: Abandon All Hope..... While Wolfgang Munchau's latest comment for the Financial Times, "An L of a recession – reform is the way out," fell short of being apocalyptic, it was the gloomiest piece I can recall coming from him. Munchau argues that the world is going into what is politely referred to as an L shaped recession, but he sees it as a full blown, Japan style recession. Why? Because governments lack the will to take the painful steps necessary to forestall even more painful outcomes. The big items he points to are: reluctance to reform the financial...

The instrumental of this video is from the chorus of the hymn, In The Garden.

CHICAGO (AFP) – Democratic White House hopeful Barack Obama on Wednesday bemoaned the "irrational despair" afflicting tumbling stock markets, and said President George W. Bush was too weak to fix the crisis. Obama played off a famous remark that 1990s asset values were subject to "irrational exuberance" by former Federal Reserve chairman Alan Greenspan, to sum up the depths to which today's markets have stooped. "In the same way that I think Greenspan, the former Fed chairman, talked about irrational exuberance, we now have irrational despair," Obama said, when asked why a 700 billion dollar US Wall Street bailout signed...

This article is not the first to note the cultural contradiction in American liberalism, but just now the point bears restating. The election may turn on it. Democrats speak up for the less prosperous; they have well-intentioned policies to help them; they are disturbed by inequality, and want to do something about it. Their concern is real and admirable. The trouble is, they lack respect for the objects of their solicitude. Their sympathy comes mixed with disdain, and even contempt. Democrats regard their policies as self-evidently in the interests of the US working and middle classes. Yet those wide segments...

US dollar rallies as extent of worldwide recession becomes clearer By Ambrose Evans-Pritchard, International Business Editor Last Updated: 10:13pm BST 08/08/2008 The psychology of global markets has shifted hugely over recent days as it becomes clear that Europe, Australasia and parts of Asia are sliding into recession. The US dollar has launched its best rally in half a decade, reflecting a recognition that half the world is in even worse shape than the US. In fact, America is the only G7 country to eke out modest growth this summer. The US dollar index - currencies watched closely by traders -...

President McCain in 2000 I must be one of the few conservative writers in cyberspace who never feared a McCain presidency. When Senator McCain looked like he might win the Republican nomination in 2000, I asked what, exactly, my friends were so worried about. McCain was honest, like Bush, while Clinton and Gore were steeped in moral slipperiness. McCain was pro-life, like Bush, while Clinton and Gore were pro-abortion. McCain, like Bush, supported a strong military, while Clinton famously “loathed” the military and Gore followed him like a trained poodle. McCain’s ACU (American Conservative Union) voting record is conservative and...

Barack Obama's campaign has rejected Republican claims that his five-nation Middle East and Europe tour is a political stunt, as it unveiled a packed agenda of talks with leaders. Campaign spokesman said the Illinois senator would avoid negotiating or trying to make policy during the meetings, in deference to the duties of current President George W Bush. The campaign of Republican presidential candidate John McCain has branded Senator Obama's tour, which is expected to draw massive media coverage, as nothing more than a political stunt, especially as it will include a high-profile speech in Berlin. "That is not what we...

RGE Monitor MEDIA ALERT: Nouriel Roubini predicts the worst financial crisis since the Great Depression and the worst U.S. Recession in the last few decades. New York, July 15, 2008- In a series of recent writings on the RGE Monitor Nouriel Roubini - Chairman of RGE Monitor and Professor of Economics at the NYU Stern School of Business - has argued that the U.S. is experiencing its worst financial crisis since the Great Depression and will undergo its worst recession in the last few decades. His analysis leads to the following conclusions: This is by far the worst financial crisis...

Suicides kill more people than homicide and war, namely 1.8% of worldwide deaths! Global suicide rates have increased 60% over the past 45 years and suicide is the second leading cause of death for youth and young adults, aged 10-24. It's also is one of the leading causes of death for adults between the ages of 25-44, with men ranking 75 to 80 %. Socio-psychological studies rate single men as the least emotionally stable, followed by married men, and single women; married women are the most emotionally stable. The current world suicide rate is approximately 1 million per year, or...

The little rabbit in this video is apparently looking for its father. This video is humorous but true for today, many are confused or wondering whom their father is so please pray for this worldwide confusion and sexual promiscuousness. The Bible says, confusion is of the evil one (Devil).

The top ten likely effects as the bear market bites Patrick Hosking: Business Commentary There is now no doubt about it. Even the cheeriest of optimists would have to acknowledge that we are in the grip of a pronounced bear market. The FTSE 100 has slumped by more than 500 points in the past month and from the peak of last October is down by 18 per cent. At one point yesterday it dived to 5,470, close to the nadir of the Bear Stearns panic in March, although it managed a half-hearted rally at the end of the day. One...

So much for that second-half rebound. Truth be told, that was always more of a wish than a serious forecast, happy talk from the Fed and Wall Street desperate to get things back to normal. It ain't gonna happen. Not this summer. Not this fall. Not even next winter. This thing's going down, fast and hard. Corporate bankruptcies, bond defaults, bank failures, hedge fund meltdowns and 6 percent unemployment. We're caught in one of those vicious, downward spirals that, once it gets going, is very hard to pull out of. Only this will be a different kind of recession --...

Carl Cameron says it'll become offical sometime later this week. Oh well, we're doomed. Let's hope it'll be minimal damage until 2012.

Applications for U.S. home mortgages fell last week as rates on some adjustable loans soared to their highest levels in more than two months, according to data from an industry group Wednesday. RELATED LINKS Comments Lift Sentiment Stocks Open Higher Durable Goods Orders Fall for Third Straight Month Mortgage Applications Fall as Rates Soar The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity declined 4.3 percent to 652.5 in the week ended Nov. 23. Rates on one-year adjustable-rate mortgages that include many jumbo loans climbed 26 basis points to 6.24 percent, the highest since the height...

Eighty-five bungalows dot the cul-de-sac that joins West Ontario Avenue and East Ontario Avenue in Atlanta. Twenty-two are vacant, victims of mortgage fraud and foreclosure. Now house fires, prostitution, vandals and burglaries terrorize the residents left in this historic neighborhood called Westview Village. "It's created a safety hazard. And if we have to sell our house tomorrow, we're out of luck," said resident Scott Smith. "Real estate agents say to me 'We're not redlining you, but I tell my clients to think twice about buying here.'" As defaults surge on mortgages made to borrowers with spotty credit and adjustable-rate loans,...

The euro, worth 83 cents in the early George W. Bush years, is at $1.45. The British pound is back up over $2, the highest level since the Carter era. The Canadian dollar, which used to be worth 65 cents, is worth more than the U.S. dollar for the first time in half a century. Oil is over $90 a barrel. Gold, down to $260 an ounce not so long ago, has hit $800. Have gold, silver, oil, the euro, the pound and the Canadian dollar all suddenly soared in value in just a few years? Nope. The dollar has...

WASHINGTON (AP) -- Consumers, battered by a steep downturn in housing and a severe credit crunch, slowed spending growth in September to the weakest performance in three months. The Commerce Department reported Thursday that consumer spending rose by 0.3 percent in September, slightly lower than the 0.4 percent increase that analysts had been expecting. Incomes grew by 0.4 percent, matching the August gain, and in line with analysts' forecasts. Video More video The latest in business news with the CNN.com business bulletin. Play video Economists are worried that consumers, the main support for the economy, may cut back on their...

<p>BOSTON (CNNMoney.com) -- For those in the real estate industry and for those looking to buy or sell a home, it could take until 2009 to catch a break.</p> <p>That's the forecast from Doug Duncan, chief economist for the Mortgage Bankers Association (MBA), who will present his outlook to an auditorium full of real estate professionals on Wednesday morning.</p>

<p>NEW YORK (CNNMoney.com) -- Builders continued to slam the brakes on new homes in September, as the government's latest reading on the battered market out Wednesday showed housing starts and permits were weaker than expected at levels not seen for more than a decade.</p>

European, Asian and Canadian companies are taking advantage of the weaker dollar to buy their U.S. counterparts at a record pace, increasing investment in the United States but also raising fears about a potential loss of jobs and autonomy. "We could be looking at the world's largest tag sale if we continue to see declines in the dollar," said Donald Klepper-Smith, chief economist at DataCore Partners. In the latest large deal aided by a weak dollar, Commerce Bancorp, which is based in Cherry Hill, New Jersey, agreed Tuesday to be acquired by Toronto-Dominion Bank of Canada in a cash-and-shares deal...

LONDON – The fate of the world economy hinges on what happens to house prices in America and that may not be a good thing, former Federal Reserve chairman Alan Greenspan said on Monday. Speaking at the Reuters headquarters in London, the former Fed chair delivered a gloomy prognosis on the state of the global economy – U.S. house prices are likely to fall further and they could drag the rest of the world with them. * * * “The critical variable in this judgement is the price of homes in the United States,” said Greenspan, who ran the U.S....

<p>NEW YORK (CNNMoney.com) -- The meltdown in the mortgage market in August dried up the supply of buyers for homeowners looking to sell their homes, as an industry group report showed the lowest level of homes under contract on record.</p>

NEW YORK (CNNMoney.com) -- The bullhorn message from the government to mortgage lenders has been: Bend. Do what you can to help struggling homeowners. The message to troubled homeowners has been: Call your lender. You may be able to work something out. Despite the persistent blare, there is not a whole lotta "loan modifying" going on yet. A survey by Moody's found that most loan servicers this year had modified only about 1 percent of their adjustable-rate mortgages (ARMs) that had reset to higher rates by the end of July. At the Consumer Credit Counseling Service (CCCS) of San Francisco,...

WASHINGTON (AP) -- Demand for big-ticket manufactured goods plunged in August by the largest amount in seven months, with widespread weakness signaling a slowdown in the nation's industrial sector. The Commerce Department reported Wednesday that orders for durable goods, everything from commercial jetliners to home appliances, fell by 4.9 percent in August, the biggest decline since a 6.1 percent fall in January. It was far larger than the 3.5 percent drop that economists had been expecting and resulted from across-the-board decreases in a number of categories. The concern is that the steep downturn in housing and turbulence in financial markets...

In the face of the rate cuts by the Federal Reserve yesterday, long-term bonds are collapsing. The bond market views the rate cuts as highly inflationary.

NEW YORK - U.S. home prices fell 3.2 percent in the second quarter, the steepest rate of decline since Standard & Poor's began its nationwide housing index in 1987, the group said Tuesday. The decline in home prices around the nation shows no evidence of a market recovery anytime soon. MacroMarkets LLC Chief Economist Robert Shiller said the declining residential real estate market "shows no signs of slowing down." The index tracks the price trends among existing single-family homes across the nation compared with a year earlier .

<p>NEW YORK (CNNMoney.com) -- The binge that many housing markets went on in the early- to mid-2000s is over, and some of the hottest markets like California are now experiencing the worst hangovers.</p> <p>But other areas, especially many that recorded slower home price growth earlier this decade, have seen little increase in foreclosure rates, according to the latest data released Tuesday from RealtyTrac, the online marketer of foreclosure properties.</p>

<p>NEW YORK (CNNMoney.com) -- American consumers are defaulting on their credit cards at a sharply higher rate compared to last year, in what could be another consequence of the recent subprime mortgage market crisis, according to a report published Tuesday.</p>

<p>Waiting to see big banks piling into the mortgage business a la Bank of America (BAC - Cramer's Take - Stockpickr - Rating)? Don't hold your breath.</p> <p>BofA surprised Wall Street last week by making a $2 billion bet on struggling Countrywide (CFC - Cramer's Take - Stockpickr - Rating). The news, announced after the close last Wednesday, gave Countrywide's sinking stock a one-day reprieve.</p>

WASHINGTON (AFP) - Former US Treasury secretary Larry Summers said Sunday it was too early to declare the financial markets crisis over and said chances had risen sharply of an economic downturn in the United States. ADVERTISEMENT Despite interventions by the US Federal Reserve last week which appeared to reverse heavy selling pressure over the collapsing US housing debt market, Summers said the risk of recession was its highest since the immediate aftermath of the September 11, 2001 attacks. "We certainly saw some repair and some return to normality this week, but I think it would be far premature to...

<p>NEW YORK (Reuters) - Countrywide Financial Corp Chief Executive Angelo Mozilo said on Thursday the U.S. housing downturn is likely to lead the country into recession, but that the largest U.S. mortgage lender will survive.</p> <p>In an interview, Mozilo also said that to promote liquidity, the U.S. Federal Reserve should cut the rate it charges banks to borrow.</p>

NEW YORK (Fortune) -- In a clear sign that the credit crunch is still affecting the nation's largest financial institutions, the Federal Reserve agreed this week to bend key banking regulations to help out Citigroup (Charts, Fortune 500) and Bank of America (Charts, Fortune 500), according to documents posted Friday on the Fed's web site. The Aug. 20 letters from the Fed to Citigroup and Bank of America state that the Fed, which regulates large parts of the U.S. financial system, has agreed to exempt both banks from rules that effectively limit the amount of lending that their federally-insured banks...

<p>The last politician who took advice from the bond market was Bill Clinton. When he pushed for a tax hike back in 1993 to cut the budget deficit, it was under the assumption that bond investors would respond by bringing down interest rates. (The theory here is that deficits are inflationary. Inflation is bad for bonds.) Yet long-term interest rates surged from 6.45 percent when Clinton signed his tax-hike bill on Aug. 10, 1993, to 8.16 percent on Nov. 7, 1994, the day before the midterm congressional election where Republicans won back the House and Senate.</p>

NEW YORK - Bad credit has supplanted terrorism as the gravest immediate risk threatening the economy, a key national research group reported Monday. Borrowers' withering ability to pay their bills and the subsequent fallout in the credit markets this summer topped the list of short-term risks on peoples' minds, according to a survey of 258 members conducted by the National Association of Business Economics. NABE, a Washington-based association, said 32 percent of its surveyed members cited loan defaults and excessive debt as their biggest near-term concern. Only 20 percent of members cited defense and terrorism as their biggest immediate worry,...

Subprime-battered mortgage lenders are shutting down, fewer homes are being built, and even some of the big U.S. retailers are planning conservatively for Christmas holiday sales. It will take a few months to show up in the economic data that Wall Street and the Federal Reserve watch, but the slowing U.S. economy is hitting the job market, and economists say it is only a matter of time before unemployment ticks up. "Growth is skimming along at around 2 percent, and that is not strong enough to keep the unemployment rate from rising," said Brian Bethune, U.S. economist with Global Insight...