Tim Geithner Warns: The US Is At Risk Of A 1930s Repeat

Joe Weisenthal

Business Insider
Sept 13, 2010

If the government become paralyzed — as is arguably the case already, and is clearly a serious risk should the GOP take over — the US risks a 1930s-like scenario. At least according to Tim Geithner.

That’s the standout quote from an interview in the WSJ:

[The] typical error most countries make coming out of a financial crisis is they shift too quickly to premature restraint. You saw that in the United States in the 30s, you saw that in Japan in the 90s. It is very important for us to avoid that mistake. If the government does nothing going forward, then the impact of policy in Washington will shift from supporting economic growth to hurting economic growth.

As for the deficits question:

“We don’t have unlimited resources,” Mr. Geithner said. “We just don’t think it would be responsible for this country, given the size of our future deficits, and given the substantial burden the middle class has been bearing over the past decade in particular, to go out and borrow $700 billion from our children so we can sustain those Bush tax cuts that only go to the wealthiest 2% of Americans.”

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The Name of the Game is Control

The Name of the Game is Control from The John Birch Society on Vimeo.

Gangster Government Stifles Criticism of Obamacare

Michael Barone

Townhall.com

"There will be zero tolerance for this type of misinformation and unjustified rate increases."


That sounds like a stern headmistress dressing down some sophomores who have been misbehaving. But it's actually from a letter sent Thursday from Health and Human Services Secretary Kathleen Sebelius to Karen Ignagni, president of America's Health Insurance Plans -- the chief lobbyist for private health insurance companies.

Sebelius objects to claims by health insurers that they are raising premiums because of increased costs imposed by the Obamacare law passed by Congress last March.

She acknowledges that many of the law's "key protections" take effect later this month and does not deny that these impose additional costs on insurers. But she says that "according to our analysis and those of some industry and academic experts, any potential premium impact ... will be minimal."

Well, that's reassuring. Er, except that if that's the conclusion of "some" industry and academic experts, it's presumably not the conclusion of all industry and academic experts, or the secretary would have said so.

Sebelius also argues that "any premium increases will be moderated by out-of-pocket savings resulting from the law." But she's pretty vague about the numbers -- "up to $1 billion in 2013." Anyone who watches TV ads knows that "up to" can mean zero.

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With elections looming, U.S. poverty hitting record levels

Ranks of working-age poor approaching 1960s levels, demographers claim

By HOPE YEN, LIZ SIDOTI

Associated Press

A "no trespassing" sign is seen at the edge of a homeless camp in Sacramento, Calif., in this 2009 photo.

updated 9/11/2010 8:10:45 PM ET

WASHINGTON — The number of people in the U.S. who are in poverty is on track for a record increase on President Barack Obama's watch, with the ranks of working-age poor approaching 1960s levels that led to the national war on poverty.

Census figures for 2009 — the recession-ravaged first year of the Democrat's presidency — are to be released in the coming week, and demographers expect grim findings.

It's unfortunate timing for Obama and his party just seven weeks before important elections when control of Congress is at stake. The anticipated poverty rate increase — from 13.2 percent to about 15 percent — would be another blow to Democrats struggling to persuade voters to keep them in power.

"The most important anti-poverty effort is growing the economy and making sure there are enough jobs out there," Obama said Friday at a White House news conference. He stressed his commitment to helping the poor achieve middle-class status and said, "If we can grow the economy faster and create more jobs, then everybody is swept up into that virtuous cycle."

Interviews with six demographers who closely track poverty trends found wide consensus that 2009 figures are likely to show a significant rate increase to the range of 14.7 percent to 15 percent.

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Obama Administration Reverses Course, Forbids Sale of 850,000 Antique Rifles

By Maxim Lott

A photo of M1 Garands (National Park Service)

Published September 01, 2010
FoxNews.com

The South Korean government, in an effort to raise money for its military, wants to sell nearly a million antique M1 rifles that were used by U.S. soldiers in the Korean War to gun collectors in America.


The Obama administration approved the sale of the American-made rifles last year. But it reversed course and banned the sale in March – a decision that went largely unnoticed at the time but that is now sparking opposition from gun rights advocates.

A State Department spokesman said the administration's decision was based on concerns that the guns could fall into the wrong hands.

"The transfer of such a large number of weapons -- 87,310 M1 Garands and 770,160 M1 Carbines -- could potentially be exploited by individuals seeking firearms for illicit purposes," the spokesman told FoxNews.com.

"We are working closely with our Korean allies and the U.S. Army in exploring alternative options to dispose of these firearms."

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Hillary Clinton Pushes U.N. Global Regime at Council on Foreign Relations Meeting

Mark Matheny




Hillary Clinton discussed the U.N.'s Role as a World Governing Entity at a Council on Foreign Relations meeting on September 8, 2010. Among the topics discussed were Nuclear non-proliferation, or simply put - total Global enslavement!!!!!!

Tea Party Express Black Conservatives Press meeting at the National Press Club in DC

Resistnet.com



Two reporters engage in a heated exchange with black conservative leaders at a press conference at the National Press Club on August 4, 2010 challenging the NAACP on its charges of racism within the tea party.

For more info and more commentary and video got here:
http://www.teapartyexpress.tv/video/allen-keyes-phony-category-race-08062010