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Posts Tagged ‘Ben Bernanke’

Warner Todd Huston

To echo Dana’s post about how the Media is going apoplectic over perry’s remarks, as if we needed another example of the utter hypocrisy of the Old Media, we get New York Times screed-maker Binyamin Appelbaum who used his Twitter feed to smear Gov. Rick Perry over his Bernanke comments while giving V.P. Joe “Tea Partiers are Terrorists” Biden a complete pass.

Once again, Twitter catches the unhinged left revealing itself as the hypocrites they are. On Aug. 16, Appelbaum was all a twitter on Twitter over Rick Perry’s slap at Federal Reserve Chairman Ben Bernanke.

If you missed the story that caused Appelbaum’s heart to skip a beat, on Aug. 15 in Cedar Rapids, Iowa Texas Governor Rick Perry said that in Texas Chairman Bernanke wouldn’t be given the wide latitude to muck up the economy as Obama has allowed him to do in Washington D.C.

If this guy [Bernanke] prints more money between now and the election … I don’t know what y’all would do to him in Iowa, but we — we would treat him pretty ugly down in Texas. Printing more money to play politics at this particular time in American history is almost treacherous — or treasonous in my opinion.

“News” inventor Appelbaum wasn’t having any of Perry’s talk, apparently.

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Dan  Riehl

Texas Representative Ron Paul is routinely painted as fringe, or a lunatic, at least in part for his long-standing call to audit the Federal Reserve. As the financial crisis of 2008 – 2009 played out, a compliant liberal mainstream media was all too happy to carry the Democrat’s water, making the seemingly Bush-aligned Goldman Sachs a major villain as the crisis unfolded, putting their name, as well as others, in the headlines everyday. It’s only now, due to new legislation, that Americans are just beginning to get a glimpse inside the high-stakes poker game in which America’s fortune and future was and is routinely being gambled, or spent. It turns out that far more of it than ever thought was being sent abroad.

Yet, even now, one has to turn to the Financial Times for one of the more candid assessments of what really went on and how much remains unknown.

Sunlight shows cracks in crisis rescue story

It took two years, a hard-fought lawsuit, and an act of Congress, but finally on Wednesday, the Federal Reserve disclosed the details of its financial crisis lending programmes. The initial reactions were shock at the breadth of lending, particularly to foreign firms. But the details paint a bleaker, earlier, and even more disturbing picture. They also highlight new tensions over high-tech transparency, echoing the controversy of the WikiLeaks cables, unveiled just days earlier.

When it comes to state secrets during war, or in the pursuit and detention of terrorists, outlets such as the New York Times routinely demonstrate no end of curiosity, or lack of belief in American’s right to know; however, when it comes to the life’s blood of capitalism and, in effect, our American democracy, it somewhat appears as if they have little interest in all the facts being known. One is hard pressed to find calls for even greater transparency in the American press, the sort of transparency the Financial Times points out as critical to fully understanding what’s at stake - and perhaps still at risk behind the veil shrouded world of American high finance.

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Dana Loesch

Upon reading Slate writer John Dickerson’s breadcrumbs piece attempting to provide backup to Sudeep Reddy’s shark jump in response to Palin’s QE2 remarks.

Palin’s call yesterday for Fed Chairman Ben Bernanke to “cease and desist” with a second round of deliberate inflation and simplified the far-reaching effect the devalued dollar has on average Americans:

I’m deeply concerned about the Federal Reserve’s plans to buy up anywhere from $600 billion to as much as $1 trillion of government securities. The technical term for it is “quantitative easing.” It means our government is pumping money into the banking system by buying up treasury bonds. And where, you may ask, are we getting the money to pay for all this? We’re printing it out of thin air.

[...]

All this pump priming will come at a serious price. And I mean that literally: everyone who ever goes out shopping for groceries knows that prices have risen significantly over the past year or so. Pump priming would push them even higher. And it’s not just groceries. Oil recently hit a six month high, at more than $87 a barrel. The weak dollar – a direct result of the Fed’s decision to dump more dollars onto the market – is pushing oil prices upwards. That’s like an extra tax on earnings.

Sudeep Reddy couldn’t tangle with Palin’s correct assertion that the Fed’s choice of inflation (one of a couple ways this administration believes to be the panacea for a recession: inflation, tax hike) actually contributes to the toxic environment which has scared businesses and investors from further revenue growth and job creation, so Reddy relies on straw man to afford the jab.

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Jim Hoft

This is a photo of Dave Weigel.

Dave Weigel is holding a “Teabag Them Before They Teabag You” doll.


Dave was hired as the “conservative writer” for The Washington Post despite his leftist leanings.

Dave is also a member of JournoList.

Leftist media hack and WaPo journalist Ezra Klein founded Journolist with far left crank Joe Klein from TIME magazine in February of 2007. Klein admitted that Journolist was an “insulated space where the lure of a smart, ongoing conversation would encourage journalists, policy experts and assorted other observers to share their insights with one another.” But, you had to be a leftist to join this group. It was an exclusive club. And, it grew to include 400 of the most prominent leftist American journalists who shared ideas and helped spin the far left narrative in the state-run media. This is where far left cranks colluded to spit out the DNC’s talking points and to defend President Barack Obama’s radical agenda.

Last week Dave Weigel was outed as a member of Journolist and resigned from his position as “conservative writer” for The Washington Post. The left was hoping this would be the end of the story. They were wrong. Yesterday, Andrew Breitbart announced that he would reward $100,000 to anyone who could provide the full “JournoList” archive, source fully protected. (more…)

Sahar Irani

“Every single Iranian is valuable.  The government is at everyone’s service.  We like everyone.”

-Mahmoud Ahmadinejad, President of Iran, June 2009

I cannot use my real name.  If the freedom of expressive condemnation practiced in this article were associated with my name I would never be permitted to return home.  Dozens of family members would be in danger of interrogation and persecution for my words.  This is an everyday reality for an Iranian-American.  I live in America with my family and enjoy all the freedoms and privileges contained within the American dream.  These are the freedoms that my fellow Iranians are fighting for.  I use these rights to voice my thoughts and to condemn those who will not acknowledge our struggle.

Iranian girl

On June 13th, 2009, in the aftermath of Iran’s tenth presidential election, the Iranian people marched through the streets outraged, denouncing the disputed and fraudulent re-election of Mahmoud Ahmadinejad. As a result, the regime’s security apparatus fought the people’s will and tried to repress all forms of civil activism. Using different news media outlets such as Twitter, Facebook and Youtube, the Iranian people allowed their protests to be heard around the globe. (more…)