Thomas R. Eddlem
Just call it irony. The same day the value of the dollar plunged to a current-year low as measured against six other major currencies, and the same week in which the U.S. Treasury is in the midst of a record $106 billion debt auction, Federal Reserve Chairman Ben Bernanke fielded a question on PBS’s “News Hour” from a man who touched on the problem:
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: