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President Obama, Ben Bernanke and Warn Buffett declared “war on the economy.” The economy is losing. It is simply not possible for the Fed to borrow trillions of dollars, driving interest rates up, simultaneously printing trillions to push rates back down to the .25% target, without diluting the cash savings of individuals and inflating the prices of everything else. Yet, in the trenches, life goes on. The troops follow old routines as if nothing has changed.

Investors are sitting on cash as a defensive strategy, just like they have always done, unaware that the forces unleashed by Obama’s “war on the economy” are bound to reduce the value of cash on hand. As the newly minted money trickles down from the political classes, through their Wall Street buddies, to main street, there will be twice as many pieces of paper chasing the same assets. Shouldn’t we all be buying assets now, before the wave of Bernanke dollars washes ashore? Read more >

This is getting better by the minute. Founding Bloggers kept their own cameras rolling after CNN turned theirs off. Don’t miss the good parts. Watch the entire video. You almost feel for the entrapped Roesgen. Almost. Clearly people are angry at Obama’s money grab, and that is a good thing.

Oh no, corporate executives seeking profit!? We can’t have that! In a long winded speech that says little about specific policies, then President Elect Obama exposed his extremist world views, fanning the flames of class envy. It is the beginning of the end.

During the campaign the President stated that America cannot continue to consume 25% of the world’s resources when it makes up only 3% of the world’s population. “You think the rest of the world will just sit back and let us continue to set the thermostat at whatever temperature we like?” He asked. Of course he forgot to mention that America also produces 28% of the world’s goods and services. America uses resources effectively!

Obama plans to reduce American resource consumption from 25% to 3%. That will obviously cause a corresponding drop in the Dow. So let’s see, 3 is 12% of 25. 12% of 10000 is 1200. That is were the Dow will be by the time Obama is done.

The CBC has a standing invitation for Stephen Harper to participate in a bizarre ritual they call an “interview.” In the ceremony a CBC “interviewer” uses a sledgehammer to beat the sacrificial Conservative to pulp. How smart is Harper? He has yet to accept.

The Canadian economy is performing surprisingly well relative to the rest of the world. You would think that the Prime Minister would get some credit for, at a minimum, not aggravating a bad situation. Read more >

The “brilliant” Charles Krauthammer got it wrong. Fox News talking head Fred Barnes provided insight with the same depth of understanding he demonstrates daily on Special Report with Brit Hume. Hugh Hewitt preached the bailout gospel with the same tenacity he usually reserves for good causes, like electing Sarah Palin. On the Left, Nancy Pelosi did not think $700 billion was enough so she threw in $150 billion of pork.

65% of the American people opposed the bailout, but the political and media elites on both sides of the aisle demanded “BAILOUT NOW!” When the House Republicans managed to block the bailout legislation on the first attempt and the markets reacted positively, Krauthammer explained that it would be a big mistake to assume that no bailout was necessary. Now that the bailout has been signed into law by the lame duck in the White House and the markets continue to collapse, Krauthammer and his fellow elites will no doubt argue that the bailout was simply not large enough. Read more >

If you are a venture capitalist looking to invest in the next Google when it is still no more than a couple of kids in their mother’s kitchen, this article is for you.

To 4G or not to 4G? That is the question the large wireless operators are asking themselves. It is yet unclear what fourth generation wireless technology will look like. However, there seems to be agreement that it will be capable of reaching speeds of 1 gigabyte per second. That would be fast enough to download a feature film in about six seconds. You would still need 90 minutes to view the film and you can’t watch it while you drive, leaving plenty of opportunities for music and voice content.
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Little Green Footballs has a post about the paper submitted to the American Physical Society by Christopher Monckton, debunking many of the arguments advanced by the Intergovernmental Panel on Climate Change (IPCC). Fearful of losing political and financial support, the APS hurriedly inserted this statement on the front page of its website. Read more >

A quick survey of NEA statements confirms that schools in the United States have been hijacked by crazed Liberal educators. However, the situation in the USA looks healthy in comparison to Europe, particularly France and Germany. Read more >

Rush Limbaugh, portrayed by New York Times Magazine as a sinister godfather of Talk Radio, extended his contract to 2016 for a reported $400 million. Rush is heard weekly by more than 20 million listeners on 600 radio stations. He is by far the most influential conservative in media and politics today. His portrayal of John McCain as a waffling Rockefeller liberal determined to wrestle the Republican party from the grip of the conservative movement, gives the Presidential candidate headaches.

CNBC held a round table discussion in the 2:00 – 3:00 pm slot, asking “is he worth it?” Martin Wolf thinks it is a “monster error.” Not only that, but “conservatism in America is dead and in a few years Rush will be a worthless oddity.” Of course, liberals have been saying that for the last twenty years. On his own show, Rush responded with a threat to buy CNBC and straighten it out or shut it down. That should give the libs at the NYT something to talk about.
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JewishWorldReview | If anyone suggested that Tiger Woods should try to be more like other golfers, people would question the sanity of whoever made that suggestion.

Why should Tiger Woods try to be more like Phil Mickelson? If Tiger turned around and tried to golf left-handed, like Mickelson, he probably wouldn’t be as good as Mickelson, much less as good as he is golfing the way he does right-handed. Read more >