Ryan: QE3 is a bailout for Obama

posted at 1:31 pm on September 16, 2012 by Jazz Shaw

There has been no end of distracting topics for the media to focus on over the last week, but under the covers, the economy is still there and the cliff lying ahead of us hasn’t gone away. Somewhat overshadowed by foreign policy discussions was the decision by the Fed to launch into QE3. (For the few of you just joining the program, that’s the third stage of “quantitative easing.”) The lower half of America’s Comeback Team didn’t miss it, though, and called it out for what it is.

Rep. Paul Ryan (R-Wis.) said the Federal Reserve’s latest policy shift amounts to a “bailout” of the economy under President Obama.

Speaking at a campaign event in Oldsmar, Fla., Mitt Romney’s vice presidential candidate lambasted the Fed’s recent decision to try and do more to boost the economy as “sugar high economics.”

“We don’t need synthetic money creation. We need economic growth. We want wealth creation,” he said. “We don’t want to print money. We want opportunity and growth.”

So what is the future Veep talking about? We’ve already had two rounds of “easing” so far, right? Why is this different? Well… it is.

On Thursday, the Fed announced it was embarking on a third round of “quantitative easing,” in which it would buy up $40 billion of bonds every month. But in a new move, the Fed said this time it would be continuing the purchases until it was satisfied with the rate of growth in the labor market — the past two rounds of easing were set at a specific volume of purchases. The Fed also said it expected to keep interest rates near zero until mid-2015 (it had previously predicted rates would stay low until the end of 2014), and that it was willing to do more if it found it necessary.

Read that last part again. We’re not just talking about opening up the candy store for a few hours here. We’ve done that before, but investors know that if they’re going to have to cover a shortfall a few months down the line, they’ll remain cautious if the free market isn’t going to continue the surge. But this is essentially the same as saying that it’s party time for the next few years so the sky is the limit. This is a sugar rush. But it’s one where the hangover doesn’t come due for a long time.

How long does it need to last? Till the first week in November. After that the party is over anyway. But if it pumps up the numbers on Wall Street and gets people in a mood to toss cash into the ring, it bumps up the metrics. I know what you’re thinking here… the Fed is beyond politics and I’m just being cynical. What can I say? I’m suspicious by nature.


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My humble position on it is that if I am destined to go off a cliff, I’d rather not do it in handcuffs.

Archivarix on September 16, 2012 at 2:23 PM

*channeling Sam Yemana*

Very well put.

Lanceman on September 16, 2012 at 2:24 PM

astonerii on September 16, 2012 at 2:18 PM

We thank you for your “concern”!!..We have to do the best with what we are presented..That happens to be R&R 2012!!..:)

Dire Straits on September 16, 2012 at 2:25 PM

That they are.

But as I’ve always said, just slow it down long enough for me to kick the bucket. Then the Bayams and the urban defeatists, and the rest of the HA ‘intelligensia’ can have the dump.

Lanceman on September 16, 2012 at 2:21 PM

I have a daughter. She deserves better.

astonerii on September 16, 2012 at 2:28 PM

QE3 is “Honey Boo Boo’s Go Go Juice” economics

OxyCon on September 16, 2012 at 2:29 PM

Undecided voters don’t understand QE3 and ‘easing’. Stay focused.

faraway on September 16, 2012 at 1:33 PM

What do you mean they won’t get it. Just show them a cartoon of that wheelbarrow full of German Marks that wouldn’t buy a loaf of bread.

You underestimate their financial acumen. These are folks that are living on free food stamps, and those with their unemployment done, have figured out how to become disabled easily enough.

Be truthful and scare the blazes out of them. They’ll respond.

Don L on September 16, 2012 at 2:29 PM

We thank you for your “concern”!!..We have to do the best with what we are presented..That happens to be R&R 2012!!..:)

Dire Straits on September 16, 2012 at 2:25 PM

I do not agree. The best you are presented with is that R&R promise that you will not have to pay for the failures that are closer to you than to my daughter’s fault. That is all you care about. Just let the consequences of all this fall on someone else, just not you. Great, now that we know what you are all about, I have zero respect for you.

I think the best we have presented to us is the quicker failure of the socialist welfare state rather than the long drawn out version that perpetuates the negative outcomes that socialism always presents.

astonerii on September 16, 2012 at 2:31 PM

I’ll just leave this here:

“In addition to voting for TARP, GOP Rep. Ryan — billed as a Republican rising star- voted for the auto bailout and the AIG 90 percent confiscatory bonus tax,” Malkin wrote. “Crikey. How many strikes do “Republican rising stars” get?”

Off the high horse Mr “future veep”.

lester on September 16, 2012 at 2:31 PM

Just words. Just speeches.

Until these treasonous, revolutionary criminals (and their cohorts and propagandists in the media-industrial complex) are carted off in chains to prison where they belong, I don’t believe anyone is serious enough to deal with the systematic economic gang rape of the nation that has gone on in plain daylight under this lawless regime.

I have never been more cynical of politics in my life. Every sense of truth, justice and honor I revere is offended every time I watch the so-called “news.” It’s all way out of hand.

We were to be a peaceful commercial republic. Our parties have failed us, our character as a nation is changing into something utterly incompatible with freedom, liberty and self-government.

We reverse course now, return to our first love (republican self-rule), or we go the way of all empires. Only our fall seems pretty unavoidable at this point, but God is merciful. If we turn around 180 degrees in the other direction as soon and as fast as possible.

Ryan I kinda like. But I still don’t trust Romney. He’s not really hitting Obama in a way that demonstrates he really grasps what’s so very wrong about everything that’s going on.

bobcalco on September 16, 2012 at 2:33 PM

Even for those voters who are on the fence thinking if they want to give the welfare queens agitator another chance, the very high gas prices and food prices are going to eliminate any possibility of giving him another chance…

mnjg on September 16, 2012 at 2:23 PM

Romney/Ryan need to start connecting the dots, because the average American doesn’t get it. Dot 1 – Bernanke is printing money to save Obama and his job. Dot 2 – Printing money is raising the price of food and gas. Dot 3 – If you think food and gas prices are high now, just wait, they’re going higher.

If a Republican was in office, the press would be pushing this story non-stop. With a Democrat in office, it’s up to Romney-Ryan to push this story.

GCM on September 16, 2012 at 2:33 PM

Off the high horse Mr “future veep”.

lester on September 16, 2012 at 2:31 PM

You are out of line! Facts, truths and reality have no place in the Republican party!

astonerii on September 16, 2012 at 2:33 PM

What do you mean they won’t get it. Just show them a cartoon of that wheelbarrow full of German Marks that wouldn’t buy a loaf of bread.

Don L on September 16, 2012 at 2:29 PM

Sounds good. Ryan must use terms that undecided voters understand. Instead he talks about QE3, printing money and other such vague stuff.

He’s talking and people’s eyes are glazing over.

Romney and Ryan must focus on selling RR.

faraway on September 16, 2012 at 2:33 PM

I have a daughter. She deserves better.

astonerii on September 16, 2012 at 2:28 PM

Just send her to public school. She’ll be able to live in ignorant bliss.

Lanceman on September 16, 2012 at 2:33 PM

Lookie here, Goebbels can’t take all the fun any longer.

Schadenfreude on September 16, 2012 at 2:34 PM

Be truthful and scare the blazes out of them. They’ll respond.
Don L on September 16, 2012 at 2:29 PM

No they won’t. They don’t respond to reason or passionate argument. They do however respond to feeling personal inadequacy at supporting the “foolish” candidate. Alinsky tactics are the key with the pathetic “undecideds”.

Pray that Romney’s campaign understands this before it’s too late for him and our Republic.

happytobehere on September 16, 2012 at 2:34 PM

Off the high horse Mr “future veep”.

lester on September 16, 2012 at 2:31 PM

Sure, but you, the ultimate hypocrite, didn’t list the 1001 lies from Obama.

Schadenfreude on September 16, 2012 at 2:35 PM

astonerii on September 16, 2012 at 2:31 PM

You are correct R&R have made promise..What has Obie made??..I think the R&R plan has less pain in it!!..My family can live with that!!..:)

Dire Straits on September 16, 2012 at 2:35 PM

… and on top of that add skyrocketing gas prices and food prices… Even for those voters who are on the fence thinking if they want to give the welfare queens agitator another chance, the very high gas prices and food prices are going to eliminate any possibility of giving him another chance…

mnjg
on September 16, 2012 at 2:23 PM

.
Don’t forget heating oil. That time of year is fast approaching.

listens2glenn on September 16, 2012 at 2:36 PM

Romney has said he will not re-appoint Bernacke.
he cannot legallly replace him.

gerrym51 on September 16, 2012 at 1:57 PM
.

Why not?
If anyone fights this, it’ll prove to one and all that the Federal Reserve Bank is NOT part of the U.S. Government.
listens2glenn on September 16, 2012 at 2:01 PM

No, it will prove once and for all that the federal reserve is not part of the executive branch, and that it derives it’s authority from congress, which, when it set up the federal reserve decades ago, declared that appointees serve 14-year terms.

I suspect Romney simply meant that he would not renominate Bernanke as chair when his term as chair expires in January 2014. Bernanke will still be on the board until his 14-year term expires.

RINO in Name Only on September 16, 2012 at 2:36 PM

.I think the R&R plan has less pain in it!!..My family can live with that!!..:)

Dire Straits on September 16, 2012 at 2:35 PM

And I think that’s really all we can ask for at this point.

The country’s too far gone to be saved completely, Pragmatically speaking.

Lanceman on September 16, 2012 at 2:37 PM

Bernanke the Bundler. Obama the Bungler.

All we need is a Hamburgler and the circle is complete.

Key West Reader on September 16, 2012 at 2:38 PM

I’m sure Ryan is correct but with the media (New York Times et al) throwing so many negatives at Romney and Ryan I’m not sure anybody is listening to him. Romney and Ryan had better greatly intensify their efforts to get their message out or they’ll surely lose this election. I wish I could be positive but I see no upside from where we are now. Please prove me wrong.

rplat on September 16, 2012 at 2:38 PM

how about Sandy Berger…he must be available

clnurnberg on September 16, 2012 at 2:39 PM

And I think that’s really all we can ask for at this point.

The country’s too far gone to be saved completely, Pragmatically speaking.

Lanceman on September 16, 2012 at 2:37 PM

Excellent point!!..:)

Dire Straits on September 16, 2012 at 2:39 PM

I hear people complain about the price of gas more than any single issue. And this will drive up gas and oil.

Terrye on September 16, 2012 at 2:41 PM

After QEs 1 & 2, it can be shrugged off as sour grapes by the Rethuglicans trying to obstruct the valiant Chicago Jesus.

The average schmoe off the street with access to a ballot will buy it hook, line & sinker.

Lanceman on September 16, 2012 at 1:55 PM

Aarrghhh! You misused the name of my God!! I shall now riot and burn your embassy!!1!!!elecenty!

Nutstuyu on September 16, 2012 at 2:42 PM

Ryan I kinda like. But I still don’t trust Romney. He’s not really hitting Obama in a way that demonstrates he really grasps what’s so very wrong about everything that’s going on.

bobcalco on September 16, 2012 at 2:33 PM

Really? To hear the media tell it Romney is so out to get the President that he is completely out of line in his attacks.

I think Romney gets it in a way few people do because he actually understands what the effect of these policies is..I think Ryan and Romney both get that.

Terrye on September 16, 2012 at 2:43 PM

And I think that’s really all we can ask for at this point.

The country’s too far gone to be saved completely, Pragmatically speaking.

Lanceman on September 16, 2012 at 2:37 PM

Excellent point!!..:)

Dire Straits on September 16, 2012 at 2:39 PM

Isn’t that as much an argument to vote for Obama as Romney? Shouldn’t we try to make it happen sooner so that a recovery can begin rather than keep putting it off on children?

If neither of you really believe Romney will change anything of substance then whats the damn point? Why not just go to the beach?

sharrukin on September 16, 2012 at 2:43 PM

I’m sorry, but I cannot picture Romney much different than Obama when it comes to government financing.

All we hear from Romney is about tax cuts, and little about spending. Is he the type of man who will take decisive, immediate action after he is elected, in contrast to some of what he said on the campaign?

V-rod on September 16, 2012 at 1:39 PM

..I mean this respectfully, so do not take offense: to all those who are cloudy as to Roney’s intentions, go to his web site and read. Regarding spending, here are some bullet points:

o Set Honest Goals: Cap Spending At 20 Percent Of GDP

o Take Immediate Action: Return Non-Security Discretionary Spending To Below 2008 Levels

o Any turnaround must also stop the bleeding and reverse the most recent and dramatic damage:

o Follow A Clear Roadmap: Build A Simpler, Smaller, Smarter Government

..please have the courtesy to not dismiss this as politician’s bloviating and pull out all of that crap about when Romney was Governor of MA. Anyone who does that is just a concern troll. The whole plan — spending, tax cuts, defense, energy independence — is all over there in black and white.

Now go over to Obama’s website or listen to his vapid acceptance speech in Charlotte and compare and contrast. You need an abortion or money for your pill or your boyfriend’s rubbers, you’re covered. Otherwise, it’s a 2008-2012 redux and it’s like eating a gallon can of Crisco.

The War Planner on September 16, 2012 at 2:43 PM

If anyone fights this, it’ll prove to one and all that the Federal Reserve Bank is NOT part of the U.S. Government.

listens2glenn on September 16, 2012 at 2:01 PM

.
No, it will prove once and for all that the federal reserve is not part of the executive branch, and that it derives it’s authority from congress, which, when it set up the federal reserve decades ago, declared that appointees serve 14-year terms.

RINO in Name Only on September 16, 2012 at 2:36 PM

.
Congress set it up, alright. But what “oversight” of the the Federal Reserve Bank is exercised by Congress today ?

What decisions regarding the Fed does our U.S. Congress have responsibility for?

listens2glenn on September 16, 2012 at 2:43 PM

Aarrghhh! You misused the name of my God!!

Nutstuyu on September 16, 2012 at 2:42 PM

I got news for you.

Jesus was a community organizer!

That’s what I heard.

Lanceman on September 16, 2012 at 2:45 PM

I hear people complain about the price of gas more than any single issue. And this will drive up gas and oil.

Terrye on September 16, 2012 at 2:41 PM

Good point!..And we are supposed to be “worried” about what Romney and Ryan can do to fix that..or something..:)

Dire Straits on September 16, 2012 at 2:45 PM

Pray that Romney’s campaign understands this before it’s too late for him and our Republic.

happytobehere on September 16, 2012 at 2:34 PM

I think it unwise to underestimate Romney. The man was a successful CEO for decades. CEO’s are cautious but they are also fearless. They tend to digest the big picture before rendering a decision (not an opinion).

I honestly believe that Romney is recruiting Petreaus, and I believe Petreaus will accept. I believe that Romney is busy putting together a Cabinet that can hit the ground running, and they are dismissing this gnat named obama and his minions in the media. He’s not going to waste his time swatting flies.

Romney knows where the flies gather. They usually off themselves by eating poop.

Key West Reader on September 16, 2012 at 2:45 PM

S/b eleventy. I’m so rabidly offended I can’t correctly misuse exclamation points.

Nutstuyu on September 16, 2012 at 2:46 PM

Isn’t that as much an argument to vote for Obama as Romney? Shouldn’t we try to make it happen sooner so that a recovery can begin rather than keep putting it off on children?

sharrukin on September 16, 2012 at 2:43 PM

I don’t have any chirrun so the choice for me is pretty much cut and dried.

Lanceman on September 16, 2012 at 2:46 PM

How long does it need to last? Till the first week in November. After that the party is over anyway. But if it pumps up the numbers on Wall Street and gets people in a mood to toss cash into the ring, it bumps up the metrics. I know what you’re thinking here… the Fed is beyond politics and I’m just being cynical. What can I say? I’m suspicious by nature.


It’s QE-infinity, Jazz – an open ended, unlimited commitment to INFLATION

or for the older folks … Welcome Back, Carter

Bernanke’s goal is to spike inflation and devalue the dollar so the U.S. debt is more “serviceable” in the future by being paid with a “dollar” that is worth far less than it is now.

In the short term, don’t be surprised by $ 5.00/gallon gas by November 6th.

If you have money you want to invest, by corn and wheat futures. The worst harvest in decades is going to drive prices higher and Uncle Ben’s Inflate-athon INCENTIVIZES speculative investments …

… and if the resulting inflation in food prices generates social unrest like it did in Q2 of 2011?

Oh well, at least the Too Big Too Fail banks can look forward to paying record bonuses!

Another column on Bruce Krasting’s blog worth reading and a chart everyone needs to look at:

http://brucekrasting.com/ben-wins-who-loses/

The most significant market adjustment since Bernanke used the “Unlimited” word is not in stocks, bonds or PMs. It’s in inflation expectations. Have a look at this chart. Focus on the incredible spike in the past 24-hours.

The sick part of this is that if Bernanke saw this graph, he would cry with tears of happiness. This is exactly what he was praying for. Ben thinks that inflation is a good thing. That it will cause demand to be pulled forward as people realize that things are going to cost more tomorrow than they do today.

I suspect Ben is right. Higher inflation expectations in the US will filter around the globe. Post the extraordinary steps Ben took yesterday, people will be stocking up on “stuff”. Things like rice, flour, cooking oil, soy, wheat and sugar. If you can eat it, buy it now. It will be more expensive in a month. While your at it, fill up the gas tank, the price is going up next week and every week for the next few months.

Ben doesn’t care about that stuff. He ignores this altogether. Maybe he’s right, after all, food and energy are really not so important to the 7Bn folks who happen to be passing through this decade, right?

Some day the history books will study this period of time and ponder how so many people gave up control of key elements in their lives without ever having a say in the outcome. How could one person have gotten so powerful? Somehow we have anointed Ben as the new God. An omnipotent decider that is nether elected or whose power is somehow checked. Don’t think for a minute that he’s one of those benevolent gods, he’s not.

PolAgnostic on September 16, 2012 at 2:47 PM

Really? To hear the media tell it Romney is so out to get the President that he is completely out of line in his attacks.

I think Romney gets it in a way few people do because he actually understands what the effect of these policies is..I think Ryan and Romney both get that.

Terrye on September 16, 2012 at 2:43 PM

And that’s just the problem with Romney. He goes out of his way praising Obama, calling him a nice guy, family man, means well, etc. Yet he still has the media saying how mean he is. So if the media is going to say he’s mean anyway then he might as well take off the gloves, he’s going to have to to win.

bgibbs1000 on September 16, 2012 at 2:48 PM

S/b eleventy. I’m so rabidly offended I can’t correctly misuse exclamation points.

Nutstuyu on September 16, 2012 at 2:46 PM

.
I’m not sure there’s an app for that, either. : )

listens2glenn on September 16, 2012 at 2:48 PM

lester on September 16, 2012 at 2:31 PM

..go FYS Goebbels gigolo!

KOOLAID2 on September 16, 2012 at 2:49 PM

Well it’s all over now… Nancy was on this morning and informed us that “Everyone knows Romney won’t be President.” So I guess I’ll stay home. One thing though Nancy also said that the Dems would keep the house in 2010. How’s that working out for you Nan?

sandee on September 16, 2012 at 2:49 PM

Aarrghhh! You misused the name of my God!!

Nutstuyu on September 16, 2012 at 2:42 PM

I got news for you.

Jesus was a community organizer!

That’s what I heard.

Lanceman on September 16, 2012 at 2:45 PM

Ha ha. And Mohammed was the director of child services.

Nutstuyu on September 16, 2012 at 2:49 PM

I don’t have any chirrun so the choice for me is pretty much cut and dried.

Lanceman on September 16, 2012 at 2:46 PM

I don’t either. I raised my niece and she’s out on her own now, but roughing up a six year and checking her pockets for spare change just seems a little tacky to me.

sharrukin on September 16, 2012 at 2:50 PM

Lanceman on September 16, 2012 at 2:45 PM

Ha ha. And Mohammed was the director of child services.

Nutstuyu
on September 16, 2012 at 2:49 PM

.
Great. There goes another Embassy.

listens2glenn on September 16, 2012 at 2:51 PM

o Set Honest Goals: Cap Spending At 20 Percent Of GDP

o Take Immediate Action: Return Non-Security Discretionary Spending To Below 2008 Levels

o Any turnaround must also stop the bleeding and reverse the most recent and dramatic damage:

o Follow A Clear Roadmap: Build A Simpler, Smaller, Smarter Government

Now go over to Obama’s website or listen to his vapid acceptance speech in Charlotte and compare and contrast. You need an abortion or money for your pill or your boyfriend’s rubbers, you’re covered. Otherwise, it’s a 2008-2012 redux and it’s like eating a gallon can of Crisco.

The War Planner on September 16, 2012 at 2:43 PM

Well done.

Obama is going to be outed as the Jessie Jackson that accidentally got elected by a nation of young fools.

I’ll bet you that the parents of the young fools raised in the 90′s will have a nice sit down cup of tea and a serious discussion of American values. I did. 98% of the kids that go to school with my child are sick of Obama. And they especially dislike Michelle Obama’s cabbage sloppy joes in the cafeteria.

Makes all of us mom’s proud of our peanut butter and jelly sammiches, but now those are racist.

Ridiculous.

Key West Reader on September 16, 2012 at 2:51 PM

sharrukin on September 16, 2012 at 2:43 PM

I believe Roney will change things for the better!!..I don’t understand the folks that “think” that staying on the Obie train is the right course!!..I also don’t understand the logic of posters that have to have Romney prove something to get their vote..This election should be crystal clear!!..:)

Dire Straits on September 16, 2012 at 2:51 PM

At least I can heat my shop this winter with the soon to be worthless U.S. currency I’ve been keeping in the safe.

Bishop on September 16, 2012 at 1:44 PM

I wonder how popular Barry and Mooch will be when winter comes, our dollars are worthless to the point the parasites can’t get their government cheese anymore but they are still feasting on Wagu beef and lobsters?

wildcat72 on September 16, 2012 at 1:47 PM

They will blame any hyperinflation on ‘greedy Wall Street bankers’, oil speculators, Republicans blocking legislation in Congress, etc, etc. For the most part they got away with blaming their usual targets with the financial collapse of 2008. Don’t think they won’t do it again and get away with it.

Too often we hold these vain hopes of a great revelation on the left and the center. Like the ABR’s that want Romney to lose so we can really demonstrate the full evils of socialism. Yeah, then they will finally catch on. Good luck with that.

slickwillie2001 on September 16, 2012 at 2:53 PM

I’m sure Ryan is correct but with the media (New York Times et al) throwing so many negatives at Romney and Ryan I’m not sure anybody is listening to him. Romney and Ryan had better greatly intensify their efforts to get their message out or they’ll surely lose this election. I wish I could be positive but I see no upside from where we are now. Please prove me wrong.

rplat on September 16, 2012 at 2:38 PM

..prove yourself wrong. Respectfully, quit whining and help out. If you go over to Romney’s site and sign up, they can get you phone-banking into swing states FOR FREE. All you need is a little time and a willingness to chart with your fellow countrymen for about 30 minutes per day. Try it; you’ll be surprised at the responses you get from sympathetic citizens who hate this assshole.

There are (at present) approximately 24 commenters on this thread. If each one (except the troll ass-toner-2) contacted 10 people each day for a week that’s 1,680 folks. It is easy to see how this will grow geometrically.

http://www.mittromney.com/call-home-landing

The War Planner on September 16, 2012 at 2:53 PM

chart == chat, of course.

The War Planner on September 16, 2012 at 2:53 PM

I don’t either. I raised my niece and she’s out on her own now, but roughing up a six year and checking her pockets for spare change just seems a little tacky to me.

sharrukin on September 16, 2012 at 2:50 PM

Look. I’m one lousy dude. I can change nothing. America is pretty much finished. Like England and any other European country.

The question is the speed in which we get to the bottom.

Lanceman on September 16, 2012 at 2:54 PM

I also don’t understand the logic of posters that have to have Romney prove something to get their vote..This election should be crystal clear!!..:)

Dire Straits on September 16, 2012 at 2:51 PM

Vaguely familiar

Waybackmachine:2008…

I also don’t understand the logic of posters that have to have Obama prove something to get their vote..This election should be crystal clear!!..:)

sharrukin on September 16, 2012 at 2:54 PM

.
Great. There goes another Embassy.

listens2glenn on September 16, 2012 at 2:51 PM

Hey, just helping the Ron Paul isolationists any way I can.

Nutstuyu on September 16, 2012 at 2:54 PM

The Fed is engaging in Zimbabwe economics. It’s worked out so well for Mugabe, hasn’t it?

GarandFan on September 16, 2012 at 2:54 PM

There are (at present) approximately 24 commenters on this thread. If each one (except the troll ass-toner-2) contacted 10 people each day for a week that’s 1,680 folks. It is easy to see how this will grow geometrically.

http://www.mittromney.com/call-home-landing

The War Planner on September 16, 2012 at 2:53 PM

Is that a challenge?

astonerii on September 16, 2012 at 2:55 PM

Sure, but you, the ultimate hypocrite, didn’t list the 1001 lies from Obama.

Schadenfreude on September 16, 2012 at 2:35 PM

I have a sneaking suspicion that there are a commenter or two around here to take over that task. But I might be wrong.

lester on September 16, 2012 at 2:56 PM

sharrukin on September 16, 2012 at 2:54 PM

Obie now has a RECORD!!..Again it should be crystal clear!!..:)

Dire Straits on September 16, 2012 at 2:56 PM

And they especially dislike Michelle Obama’s cabbage sloppy joes in the cafeteria.

Makes all of us mom’s proud of our peanut butter and jelly sammiches, but now those are racist.

Ridiculous.

Key West Reader on September 16, 2012 at 2:51 PM

..you brought a smile to my face with your comments and your presence! Are you doing O.K. these days? we were REALLY CONCERNED ABOUT YOU about a month ago — and I personally missed seeing you on.

God bless you and keep you strong!

The War Planner on September 16, 2012 at 2:56 PM

There are (at present) approximately 24 commenters on this thread. If each one (except the troll ass-toner-2) contacted 10 people each day for a week that’s 1,680 folks. It is easy to see how this will grow geometrically.

http://www.mittromney.com/call-home-landing

The War Planner on September 16, 2012 at 2:53 PM

Your geometric math is racist.

Nutstuyu on September 16, 2012 at 2:56 PM

Well it’s all over now… Nancy was on this morning and informed us that “Everyone knows Romney won’t be President.” So I guess I’ll stay home. One thing though Nancy also said that the Dems would keep the house in 2010. How’s that working out for you Nan?

sandee on September 16, 2012 at 2:49 PM

I want to audit Teh Pelosi. I want to know how many “stretch” procedures we paid for. And those suits. And the hair. And her husband Paul. And their real estate deals. And her disruption of our United States Air Force resources. And the liquor bills.

Now, I know FloraDuh is going to totally take this over and talk about Debbie Wasserman Schultz and Diana Wasserman’s criminal prosecution

Key West Reader on September 16, 2012 at 2:56 PM

Smaller critters like squirrel, rabbit, dove and quail won’t require refridgeration or preservation. You just eat them. That’s why I bought a crap load of .22cal.

My dollars buy little now. Inflation hits? I’m Jeramiah Johnson fer sure.

Got a rocket stove, svea123, and beer can hobo penny stoves. me and my laser-stocked Stainless steel 4x illuminated reticle 10/22 ruger owning self will cook good rabbit.

Folks, inflation IS coming. It has to. Wiemar didn’t even know the word trillions.

wolly4321 on September 16, 2012 at 2:57 PM

Your geometric math is racist.

Nutstuyu on September 16, 2012 at 2:56 PM

..I know. I beg to be forgiven!

The War Planner on September 16, 2012 at 2:57 PM

The question is the speed in which we get to the bottom.

Lanceman on September 16, 2012 at 2:54 PM

I agree and the faster it happens the more likely that a recovery will be possible. The longer a dependent culture is allowed to fester the less likely the citizenry will even be capable of making the decisions to effect a recovery.

p.s. I don’t think you are a lousy dude, I just think we all got a lousy deal.

sharrukin on September 16, 2012 at 2:57 PM

Romney has said he will not re-appoint Bernacke.
he cannot legallly replace him.

gerrym51 on September 16, 2012 at 1:57 PM

.
If enough Democrats get thrown out of the House & Senate and Romney wins …

…we will have a host of options which are not exclusive of one another:

1) End the Fed – wind down the cesspool, repo the MBS’s BACK to the Too Big Too Fail banks which created them and if it causes them to go bankrupt? GOOD!

2) Change the Fed – it does not make the laws, the legislature does. The “apolitical” FED has been a LSM lie forever. Study the Federal Reserve and note the number of times it has been a willing partner of a really BAD President.

3) Audit the Fed annually – ENOUGH with the “You can’t handle the truth!” BS.

PolAgnostic on September 16, 2012 at 2:59 PM

Congress set it up, alright. But what “oversight” of the the Federal Reserve Bank is exercised by Congress today ?
What decisions regarding the Fed does our U.S. Congress have responsibility for?
listens2glenn on September 16, 2012 at 2:43 PM

That has nothing to do with whether the fed is a legitimate part of the government. Whether or not anyone provides oversight, the authority of the fed comes from an act of congress. By our constitution, the law giving the fed its power is valid unless and until congress votes to alter or rescind this authority*. They may do this at any time. Until they do, the fed has exactly those powers granted to it by previous acts of congress.

*(unless there is an expiration date attached to the law – I don’t know offhand if there is one, but I doubt it)

RINO in Name Only on September 16, 2012 at 2:59 PM

The War Planner on September 16, 2012 at 2:56 PM

I am okay. I will know more on Sept 28th. I’m not going to go down easily, just put it that way.

Key West Reader on September 16, 2012 at 2:59 PM

How QE3 helps the rich and soaks all others.

Yes, Obama is a hypocrite, a hoax extraordinaire.

Schadenfreude on September 16, 2012 at 1:34 PM

The very rich can protect themselves from inflation, but they are few. A more essential point is that a significant portion of the population doesn’t care about inflation, -unionized workers, both government and private, and the grifter class on welfare and food stamps.

This is aimed at the middle class, and for a damn good reason, because that’s the bulk of the population and where the power is. Lenin said “The way to crush the bourgeoisie is to grind them between the
millstones of taxation and inflation.”

Inflation is not an “oopsie, we didn’t see that coming”, it’s a weapon in the war for a new communist America.

slickwillie2001 on September 16, 2012 at 2:59 PM

QE3 -> Inflation = Each dollar buys less. = Money in the bank worth less. = Wages buy less.

QE3 -> Bond rating downgraded from AA to AA- -> Interest rates on Government bonds goes up. -> Interest paid on Government bonds goes up. -> Deficit goes up.

**************

So why are the traders on Wall Street excited? Why is the Dow going up?

Is QE3 just smoke and mirrors? A con by the Fed?

slp on September 16, 2012 at 3:00 PM

Obie now has a RECORD!!..Again it should be crystal clear!!..:)

Dire Straits on September 16, 2012 at 2:56 PM

A lot of us were able to figure out that Obama was little more than a con man whose record didn’t match his flowery speeches. A lot like Romney.

sharrukin on September 16, 2012 at 3:00 PM

..I know. I beg to be forgiven!

The War Planner on September 16, 2012 at 2:57 PM

That depends. You don’t know any obscure filmmakers, do you? I have a crazy idea for a YouTube video…

Nutstuyu on September 16, 2012 at 3:01 PM

p.s. I don’t think you are a lousy dude, I just think we all got a lousy deal.

sharrukin on September 16, 2012 at 2:57 PM

It is a natural progression. Thinking it can be avoided by humans, which by nature have feeble minds, is unrealistic.

1. From bondage to spiritual faith;

2. From spiritual faith to great courage;

3. From courage to liberty;

4. From liberty to abundance;

5. From abundance to complacency;

6. From complacency to apathy;

7. From apathy to dependence;

8. From dependence back into bondage ”

- Alexander Tyler

Lanceman on September 16, 2012 at 3:01 PM

I hear people complain about the price of gas more than any single issue. And this will drive up gas and oil.

Terrye on September 16, 2012 at 2:41 PM

well, if its not a film no one saw to blame, then it could always bee the joooos fault for high gas prices. and why they wont let iran have a nuke. its such a small county anyway.

t8stlikchkn on September 16, 2012 at 3:02 PM

A lot of us were able to figure out that Obama was little more than a con man whose record didn’t match his flowery speeches. A lot like Romney.

sharrukin on September 16, 2012 at 3:00 PM

There’s one big difference – Romney has actually had a job before, and was successful at it. No affirmative action ‘help’, no fellow travellers to push him along.

Lanceman on September 16, 2012 at 3:03 PM

sharrukin on September 16, 2012 at 3:00 PM

Whatever!!..Guess we will see..:)

Dire Straits on September 16, 2012 at 3:05 PM

Ah, screw it. Imma go fix my neighbor’s lawnmower so he quits askin’ to borrow mine.

Lanceman on September 16, 2012 at 3:07 PM

It is a natural progression. Thinking it can be avoided by humans, which by nature have feeble minds, is unrealistic.

1. From bondage to spiritual faith;

2. From spiritual faith to great courage;

3. From courage to liberty;

4. From liberty to abundance;

5. From abundance to complacency;

6. From complacency to apathy;

7. From apathy to dependence;

8. From dependence back into bondage ”

- Alexander Tyler

Lanceman on September 16, 2012 at 3:01 PM

And we’re somewhere between 6 and 7, but closer to 7.

bgibbs1000 on September 16, 2012 at 3:07 PM

1. From bondage to spiritual faith;

2. From spiritual faith to great courage;

3. From courage to liberty;

4. From liberty to abundance;

5. From abundance to complacency;

6. From complacency to apathy;

7. From apathy to dependence;

8. From dependence back into bondage ”

- Alexander Tyler

It is a natural progression. Thinking it can be avoided by humans, which by nature have feeble minds, is unrealistic.

Lanceman on September 16, 2012 at 3:01 PM

Well thats certainly a page from the ‘glass half empty’ book on philosophy. I just want to preserve what can be preserved and putting off the day of reckoning undercuts that. The welfare state in unsustainable and we shouldn’t try to shore it up IMO.

sharrukin on September 16, 2012 at 3:07 PM

8. From dependence back into bondage ”

- Alexander Tyler

Lanceman on September 16, 2012 at 3:01 PM

hence why I hate Ryan and Romney with as much hate I can muster.

Obama is socialist, that is what he does. Romney claims to be severely conservative, but will do the same as Obama. Ryan claims to be conservative, but will extend the poisoning of the people with dependence.

I have nothing to gain having Romney replace Obama, nothing at all. I am strong, I am capable, I can survive well enough in bad times. I am strong enough now to protect my Family in bad times. When I am older, i will be less physically capable of doing so. So pushing off the date of the consequences is bad for my family.

astonerii on September 16, 2012 at 3:07 PM

sharrukin on September 16, 2012 at 3:00 PM

You are right that most of us figured out Obie was a fraud..:)

Dire Straits on September 16, 2012 at 3:07 PM

KWR- you stay strong. I’m so glad you’re back.
You will win.

wolly4321 on September 16, 2012 at 3:08 PM

Romney wasn’t my first, second, or third choice, but he’s who got chosen. And we gotta win this year. One big reason Scott Brown won in MA was because the Democrats never had to build a vote-fraud machine in Boston like they have in cities like Philly. Massachusetts has always been so full of liberals that the electorate mostly needed no “help” to vote for Democrats. By the same token, 0bama, Reid, Pelosi, and the Far Left counted on initiatives like 0bamacare to be so popular that they didn’t plan to have the vote fraud apparatus complete by 2012. They never counted on us being in a position to fight back. By the time they realized their mistake, the House went GOP, and the Senate was in filibuster range.

If 0bama wins this year, it won’t matter who the GOP nominee is, Palin included. All Voter ID laws will be voided by hook or by crook, too many droogs will be dependent on 0bamacare, and all effective opposition will be beaten into submission. The Almighty Revenge of Sarah Palin depends on 0bama being out of the picture. Do you get it, yet?

Sekhmet on September 16, 2012 at 3:08 PM

There’s one big difference – Romney has actually had a job before, and was successful at it. No affirmative action ‘help’, no fellow travellers to push him along.

Lanceman on September 16, 2012 at 3:03 PM

So did Warren Buffet.

sharrukin on September 16, 2012 at 3:09 PM

Third chair

Key West Reader on September 16, 2012 at 3:10 PM

So why are the traders on Wall Street excited? Why is the Dow going up?

Is QE3 just smoke and mirrors? A con by the Fed?

slp on September 16, 2012 at 3:00 PM

Because inflation pushes up stock prices. Short sighted on their part, but nothing new.

GCM on September 16, 2012 at 3:10 PM

There are (at present) approximately 24 commenters on this thread. If each one (except the troll ass-toner-2) contacted 10 people each day for a week that’s 1,680 folks. It is easy to see how this will grow geometrically.
http://www.mittromney.com/call-home-landing

The War Planner on September 16, 2012 at 2:53 PM

To be honest, these ideas sound good at first, but they really aren’t plausible. Most people really don’t like to be bothered by other people regarding their politics. The people that DO like to discuss politics, enough to initiate contact with 10 other people, are all well aware of events already, and are probably talking to other people already.

So even of you found 10 people receptive to what you say, chances are many of them are either just being polite, or they agree with you, but don’t share your enthusiasm, or they will spread the word, but would have done so anyway.

RINO in Name Only on September 16, 2012 at 3:13 PM

“We don’t need synthetic money creation. We need economic growth. We want wealth creation,” he said. “We don’t want to print money. We want opportunity and growth.”

Put it in an AD……..and run it on TV.

And call him out by NAME like REAGAN DID.


Romney Campaign / Obama political jugular.

PappyD61 on September 16, 2012 at 3:17 PM

To be honest, these ideas sound good at first, but they really aren’t plausible. Most people really don’t like to be bothered by other people regarding their politics. The people that DO like to discuss politics, enough to initiate contact with 10 other people, are all well aware of events already, and are probably talking to other people already.
So even of you found 10 people receptive to what you say, chances are many of them are either just being polite, or they agree with you, but don’t share your enthusiasm, or they will spread the word, but would have done so anyway.

RINO in Name Only on September 16, 2012 at 3:13 PM

Your geometric math is racist.
Nutstuyu on September 16, 2012 at 2:56 PM

..I know. I beg to be forgiven!
The War Planner on September 16, 2012 at 2:57 PM

Oh yeah, there’s also that problem.

RINO in Name Only on September 16, 2012 at 3:20 PM

astonerii on September 16, 2012 at 3:07 PM

You have no proof that Romney is a big socialist and will “do the same” as Obama. You either support Obama, Paul, or you just like to whine like a pig.

I suspect it’s O and you want to collapse the whole system, rather than “shore it up”.

clnurnberg on September 16, 2012 at 3:27 PM

I’m sure Ryan is correct but with the media (New York Times et al) throwing so many negatives at Romney and Ryan I’m not sure anybody is listening to him. Romney and Ryan had better greatly intensify their efforts to get their message out or they’ll surely lose this election. I wish I could be positive but I see no upside from where we are now. Please prove me wrong.

rplat on September 16, 2012 at 2:38 PM

I prove that you are an IDIOT… Any person who says that “nobody” is listening to what Romney and Ryan are saying is an IDIOT… So for today think about this, you are an IDIOT…

mnjg on September 16, 2012 at 3:30 PM

Strength through Incompetence.

The Obama Doctrine.

Key West Reader on September 16, 2012 at 3:34 PM

You have no proof that Romney is a big socialist and will “do the same” as Obama. You either support Obama, Paul, or you just like to whine like a pig.

I suspect it’s O and you want to collapse the whole system, rather than “shore it up”.

clnurnberg on September 16, 2012 at 3:27 PM

His spokesman said about the auto bailout when it looked to be successful that it was just because Obama did what Romney had said he should do.

When talking about caring about the poor, he said that he did not worry about the poor, because the safety net was there and working just fine.

When talking about wages he said that he would like to see the minimum wage tied to a metric in the government databases on the economy, maybe it was inflation? An automatically rising minimum wage.

Speaking front of a coal powered generation plant he said, “I will not create jobs or hold jobs that kills people, and that plant, that plant kills people.

When appointing judges to the bench, he ignores their ideology, but appoints people to appoint them that were ideologically progressive, ending with an 80% of appointments being progressive, and leaving dozens of seats not even filled but to be picked by his democrat successor.

Romneycare, with the raiding of medicare money, the personal mandate enforced by tax collectors. Includes abortion coverage and provision by catholic church run medical facilities.

His push to say that he will make certain that the welfare state will be there for future generations.

No evidence, none at all.

astonerii on September 16, 2012 at 3:36 PM

No evidence, none at all.

astonerii on September 16, 2012 at 3:36 PM

In the lame duck session between Obama being elected and taking office he said that the government should do a stimuless that Obama was asking for. That because Americans lost 11 trillion in worth, the government can make up that difference.

TARP was the right thing to do…

But hey, no evidence at all he is big government welfare state socialist. None at all.

astonerii on September 16, 2012 at 3:48 PM

This is so politically motivated that it is criminal. Needless to say, the pre-teens are running the country.

xmanvietnam on September 16, 2012 at 3:49 PM

http://www.mittromney.com/call-home-landing

The War Planner on September 16, 2012 at 2:53 PM

Is that a challenge?

astonerii on September 16, 2012 at 2:55 PM

..there’s the URL, man, knock yourself out. You do the calling and pull some weight for Romney and I will take your comments here a LOT more seriously!

The War Planner on September 16, 2012 at 3:49 PM

I am okay. I will know more on Sept 28th. I’m not going to go down easily, just put it that way.

Key West Reader on September 16, 2012 at 2:59 PM

..we all will be praying for you; Stay strong, we love you!

The War Planner on September 16, 2012 at 3:51 PM

..there’s the URL, man, knock yourself out. You do the calling and pull some weight for Romney and I will take your comments here a LOT more seriously!

The War Planner on September 16, 2012 at 3:49 PM

I do not want Romney to win. I would work to sabotage from within… The republican party does not represent me. I have not changed in the last 24 years with respect to ideology. I may have refined the reason my ideology is as it is through continued education and absorbing the world around me, but the core beliefs are the same today as they were in 1988. The party changed, for the worse, to be more like the Democrats. In the last 18 months, more than any other time before. particularly in the behavior of those who favor the changes. Romney supporters certainly were a wake up call back when they invaded Hot Air during the primary open registration. A more SEIU thugocratic group I have never seen in the republican party, and that is saying quite a bit, as I have been to caucuses where Ron Paul supporters were pushing hard.

Every advance that the Democrats have made in the past are to be shored up by the current Republican party. Democrats figure out how to make more dependents and republican’s jobs are to figure out how to pay for them.

astonerii on September 16, 2012 at 4:01 PM

Sure, but you, the ultimate hypocrite, didn’t list the 1001 lies from Obama.

Schadenfreude on September 16, 2012 at 2:35 PM

I have a sneaking suspicion that there are a commenter or two around here to take over that task. But I might be wrong.

lester on September 16, 2012 at 2:56 PM

…they’ll have too!…once you get past the number of fingers and toes…you start soiling yourself trying to count any further!

KOOLAID2 on September 16, 2012 at 4:07 PM

…they’ll have too!…once you get past the number of fingers and toes…you start soiling yourself trying to count any further!

KOOLAID2 on September 16, 2012 at 4:07 PM

And yet these special people that supposedly can count look at the $16,000,000,000,000 and say, bah, that’s nothing, we can double that in no time flat, and you will never have to pay for it, because we can pull it from the future!

astonerii on September 16, 2012 at 4:32 PM

This Ryan guy is sharp. He must get his memos by town crier. A certain Alaskan warned about this 2 years ago, predicted this very outcome. But hey she’s not very smart.

HerneTheHunter on September 16, 2012 at 4:36 PM

I prove that you are an IDIOT… Any person who says that “nobody” is listening to what Romney and Ryan are saying is an IDIOT… So for today think about this, you are an IDIOT…

mnjg on September 16, 2012 at 3:30 PM

Just a question mnjg. I can’t figure why I have to see Obama ads on tvland and espn all night long. Why is Romney not doing this. In your opinion as someone who truly believes Romney will win, is his strategy working though?

Robb on September 16, 2012 at 4:56 PM

But in a new move, the Fed said this time it would be continuing the purchases until it was satisfied with the rate of growth in the labor market

So basically they are saying the beatings will continue until morale improves.

/Oh yeah, that always works. Remind me not to go to them when recommending someone for substance abuse treatment.

AZfederalist on September 16, 2012 at 5:12 PM

I am okay. I will know more on Sept 28th. I’m not going to go down easily, just put it that way.

Key West Reader on September 16, 2012 at 2:59 PM

I’m praying for good news for you, and I’m glad to see you are in good spirits! You are an inspiration, whether you know it or not.

Night Owl on September 16, 2012 at 5:16 PM

A bailout that leads to the second downgrade of our credit rating on Obama’s watch is not much ofa bailout

tom on September 16, 2012 at 5:55 PM

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