Thomas R. Eddlem
Federal Reserve Chairman Ben Bernanke must know he’s in trouble. This week he completed a “town hall”-style meeting for PBS television to promote the Federal Reserve and suppress what appears to be overwhelming congressional support for an independent audit of the Fed.
Congressional Budget Office Director Douglas W. Elmendorf gave a fiscal wake-up call to Senate Budget Committee members in testimony on July 16, noting that “the federal budget is on an unsustainable path — meaning that federal debt will continue to grow much faster than the economy over the long run.”
Asked by This Week’s George Stephanopoulos about the Obama Administration’s terrible economic prognostications in advance of passage of the $787 billion “stimulus” spending bill back in February, Vice President Joe Biden regurgitated a familiar talking point:
The Ludwig von Mises Institute’s Jeffrey Tucker recently published a column entitled "Free Bernie Madoff," in which he makes the case for freeing the $67 billion swindler.
The question sounds like a joke, made up by one of the talented writers for Comedy Central’s Daily Show itself: Is the Daily Show’s Jon Stewart the journalistic reincarnation of Edward R. Murrow? But this was the serious question posed by New York Times writers Bill Carter and Brian Stelter on December 27, after Stewart rallied the media toward granting federal healthcare funding for September 11 first responders.
The new session of the U.S. House of Representatives read the full text of the U.S. Constitution on the House floor January 6, the first time the full text of the 1787 document had ever been read on the floor, congressional historians told the Associated Press. But the liberal media used the occasion to ridicule the very idea of taking the founding document seriously.
The Department of Homeland Security made national headlines forming a new "partnership" with Walmart using a 40 second video statement by DHS Secretary Janet Napolitano that asked Walmart shoppers to inform on their neighbors back in December. Napolitano says in the video message, which is being played in Walmart stores across the country:
Senator Richard Durbin's "FDA Food Safety Modernization Act" (S. 510) passed a cloture vote hurdle Nov. 17 by a 75-25 margin, and appears headed for final Senate passage in the next few days. The bill would increase funding to the Food and Drug Administration and give it greater regulatory power over foods and medicines. It would require all food producers to register with the FDA and pay new taxes (which the bill calls "fees") that recoup all the inspection costs for the new army of regulators the bill would create.
This story sounds like something straight out of the satirical newspaper, The Onion. But it's not. MSNBC indefinitely suspended Countdown host Keith Olbermann November 5 because the leftist television host had donated $2,400 to each of three Democratic congressional candidates, including Kentucky Senator Rand Paul's opponent Jack Conway. MSNBC officially maintains a policy that bans political donations by staff on-air personalities.