Although I remain something of a talk radio junkie, it has been some time since I recognized that the “conservatism” of the air waves is really nothing of the kind. That is, much to my disappointment, it isn’t “conservatism” that “conservative” talk radio tends to promote but neoconservatism, or at least Republican Party politics (which is for all practical purposes the same thing). Still, I continue to listen to talk radio regularly, and just as regularly find it instructive.
The sight of the former president of Egypt, Hosni Mubarak, lying in a hospital bed in a courtroom cage reminds me of the saying, “how the mighty have fallen.” It could also be said of the United States, “How the mightiest, richest, most advanced capitalist nation in the history of the world has fallen into a bumbling, dysfunctional confused, debt-ridden state run by the most corrupt government in its history.” In the case of Mubarak, it was the Egyptian people who brought the dictator down. In the case of the United States, it was the American people, who put their trust and faith in the hands of anti-constitutional politicians, who brought America down. To put it bluntly: treason is the reason.
"The Fed spoke and financial markets rallied," began the Associated Press report on how the stock market responded after the policy-making panel of the Federal Reserve Board issued a statement Tuesday, saying the federal funds rate (the interest banks charge other banks for borrowed money) would be held to 0 to 1/4 percent through the middle of 2013. The Dow Jones industrial average surged more than 429 points, just one day after its biggest decline since 2008.
According to the Obama administration and our country’s leading liberal media, the Tea Party is responsible for all of our present financial woes. But, as anyone with a brain knows, what has led us to this crisis-turned-catastrophe is not the Tea Party, which is of recent formation, but the endless spending by leftist politicians over the last 60 years who have borrowed big-time to finance all of this government socialism. And since almost all Americans, whether they like it or not, have been hitched to this money train, we’ve been inclined to let it all happen with blinders on assuming that our elected leaders knew what they were doing.
President Barack Obama has called for a luxury tax on corporate jets as a means to generate revenue to fight federal deficits. The president's economic advisers ought to be fired for not telling him that doing so is unwise and counterproductive. They might have already told him so, only to have the president say, "Look, I know you're right, but I'm exploiting the public's envy of the rich!" Let's look at what happened when Obama's predecessor George H.W. Bush signed the Omnibus Budget Reconciliation Act of 1990 and broke his "read my lips" vow not to agree to new taxes.