Wednesday, March 31, 2010



Published on on March 30, 2010

We don't have to wait until we have a Republican in the White House to rid this nation of the shackles of Obamacare.  We can do it next year if we win simple majorities in one or both houses of Congress.
The Obama health care bill was an authorization measure which established a program and set down its parameters.  But authorization bills are not appropriations.  Each year the Congress must act on appropriations for each department and agency in the government.  If no funds are appropriated, nothing can be spent.
So if Republicans take the House (where appropriations have to originate) - and especially if they also take the Senate - they will have the capacity to zero fund Obamacare, appropriating not a dime for it in their spending bills.  Indeed, they can and should include a specific amendment to their appropriations bills banning the expenditure of any of the funds on Obama's health care program.
In the wake of the passage of the health care bill, states are filing lawsuits and talk of repeal is in the air.  Both are useful efforts.  But litigation takes time and the key challenge - to the constitutionality of the requirement that everybody buy insurance - cannot even begin until it takes effect in 2014.  And repeal will obviously be impossible as long as Obama wields the veto from his Oval Office.  It would be impossible mathematically for the Republicans to get a two-thirds majority in the Senate and unlikely in the House, so an override is out of the question.  Repeal will have to wait until 2013, after Obama's defeat in 2012.
But zero funding can happen immediately after the Republicans take Congress.  All this makes the elections of 2010 critical.  If we can stop this bill from getting off the ground, it will be possible to repeal it when we take over the White House.  But if the Democrats keep their majorities, the program will be so entrenched by the time we defeat Obama that its repeal would be unlikely.
Go to to read all of Dick's columns! 

Tuesday, March 23, 2010


It's a good thing that Obama and the democrats don't own the Canadian press.. Here is what Howard Galganov predicts for Barack Hussein Obama - PLEASE READ:
Barack Hussein Obama: I Told You So – Yes I Did
By Howard Galganov
Montreal, Quebec , Canada

When Obama won the Presidency with the help of the LEFTIST Media,Hollywood And Entertainment Liberals, Ethnic Socialists (ACORN), Stupid Non-Business Professionals and Bush Haters, I wrote: It won't take six months until the People figure this guy out and realize how horrible a mistake they've made. And when they come to that realization, the damage to the United States of America will be so great it will take a generation or more to repair - IF EVER.

The IDIOTS who not only voted for the Messiah, but also worked [hard] to promote his Lordship, are now left holding the bag.

Here are two things they will NEVER do: They will NEVER admit to making a Blunder out of all proportion by electing a snake-oil salesman with no Positive social history or management experience of any kind. They will NEVER take responsibility for the curse they've imposed upon the immediate and long-term future of their country.

In essence, the people responsible for putting this horror show in power are themselves responsible for every cataclysmic decision he makes and the Consequences thereof.

In just six months, the Messiah's polls are showing the following: 

1. On Healthcare Reform - He's going under for the third time with polling well Under 50 percent, even within his own Party. Even though he might be able to Muscle a Healthcare Reform Bill by using Chicago BULLY tactics against his Fellow Democrats, it will just make things worse. 
2. On Cap and Trade (Cap and Tax) - The Fat-Lady is already singing. 
3. On the Stimulus Package (Tax and Spend) - His popularity is in FREE-FALL. 
4. On the TARP package he took and ran with from President Bush - It's all but Good-Night Irene. 
5. On the closing of GITMO and "HIS" war on what he no longer wants called the War On Terrorism - He's standing in quicksand with his head just about to go under. 
6. On a Comparison between himself and George W. Bush at the same six months into Their respective first term Presidencies - Bush is ahead of him in the Polls. 
7. On a comparison between He Who Walks On Water and the 12 preceding Presidents between WW II and now - Obama ranks 10th. 
8. On a Poll just Conducted, that asks who would you vote for today between Obama and Mitt Romney - It's a dead heat. Between Obama and Palin - Obama's ONLY ahead by 8 Points and she hasn't even begun to campaign. It seems to me that Obama Wants to be everywhere where he shouldn't be.

He's personally invested in 'totally insulting' America 's ONLY REAL Middle Eastern ally ( Israel ) in favor of Palestinian Despots and Murderers. He's traveling the world apologizing for the USA while lecturing others on how to do it right, when in fact and truth he has no experience at doing anything other than getting elected.

He went to the Muslim world in Egypt to declare that America IS NOT A CHRISTIAN NATION while he heaped praises on Islam, where he compared the "plight" of the Palestinians to the Holocaust.

The Russians think he's a putz, The French think he's rude.

The Germans want him to stop spending.

The Indians want him to mix his nose out of their environmental business.

The North Koreans think he's a joke, The Iranians won't acknowledge his calls.

And the British can't even come up with a comprehensive opinion of him.

As for the Chinese, he's too frightened to even glance their way. [After All, China now owns a large portion of the United States .]

Maybe if America's first Emperor would stay home more, travel less, and work a little bit instead of being on television just about everyday or stop running to "papered" Town Hall Meetings, perhaps he would have a little bit of time to do the work of the nation.

In all fairness, it wasn't HARD to be RIGHT in my prediction concerning Obama's presidency, even in its first six months, so I'm going to make yet another prediction:

OBAMA WILL PROBABLY NOT FINISH HIS 4-YEAR TERM, at least not in a Conventional way.

He is such a political HORROR SHOW, and so detrimental to the USA and his Own Democratic Party, that the Democrats themselves will either FORCE him to Resign or figure out a way to have him thrown out.

Who knows, maybe he really isn't a BORN US Citizen and that's a way the Democrats will be able to get rid of him. [He is a citizen, but not a naturalized citizen with both mother and father being US citizens.]


I don't believe the Democrats have nearly as much love for their country as they do for their own political fortunes. And with Obama, their fortunes are rapidly becoming toast.

Sunday, March 14, 2010


Malice in Plunderland

Economist Richard Ebeling explains why government grows.  Here’s a particularly telling paragraph, especially in light of David Broder’s claim in Sunday’s Washington Post that we Americans of late have a "toxic aversion to taxing ourselves enough to pay our bills."
Meanwhile, the government will take in an estimated $2.5 trillion in
taxes in the current fiscal year, roughly $22,100 per household.
Given the logic of politics, it’s misleading to suggest (as Broder and so many others do), that Americans choose, in any meaningful way, Uncle Sam’s spending and taxing policies.  From the perspective of each individual taxpayer or voter, and from the perspective of each elected official, what government spends is unconnected with what government receives as tax revenues, and what Uncle Sam receives as tax revenues is unconnected with what it spends.
Elected officials make government-spending decisions overwhelmingly in response to political pressures — the clamoring of this group, the self-serving pleas of that group.  It’s not terribly difficult for politicians to vote to lavish money on interest groups because, in doing so, no politician spends his or her own money; the money spent comes from faceless others.
Of course, many of those faceless others do vote, and they generally prefer to pay less in taxes.  So passing the bill to future generations is even better politics: mollify interest-groups today and pass the bill to people not yet born.
It’s amazing, really, that budget deficits are not larger than they are.  The fact that the average American household forks over about $22,100 each year in taxes to Uncle Sam alone suggests that Americans aren’t as repulsed by taxes as Broder suggests.


Monday, March 8, 2010


Current Inflation


Inflation Rate In Percent
For Jan 2000-Present

Our Inflation data (see table below) is calculated to two decimal places while the government only calculates to one decimal place. Therefore,  while being based on the government's index our data provides a "finer" view.  January and February 2005 is a perfect example, according to the government statistics both months had an inflation rate of 3%. In January however, our data shows it as 2.97% and February shows as 3.01%. Therefore instead of the inflation rate being "flat" it is actually rising slightly. In another example we see August 2003 and September with the Government saying the rates were 2.2% and 2.3% respectively. This would lead us to believe that inflation rose .1% during that period.  In actuality however,  it rose from 2.16% to 2.32% or a .16% increase, substantially more than .1%!  
The Inflation table below is updated monthly and provides the current US Inflation Rate plus Monthly Inflation Rate data back to January 2000. The Inflation rate is calculated using the Current Consumer Price Index (CPI-U) published monthly by the Bureau of Labor Statistics. CPI Index Release Dates
Menu navigation is available on the menu bar on the left of every page. 
Current Inflation Rate
Note: Red indicates Deflation, NA indicates data not yet released.
Get more Historical Data from

To calculate inflation from a month and year to a later month and year, Try our Inflation calculator

Federal Reserve Statistical Release, H.15, Selected Interest Rates (Daily); title with eagle logo links to Statistical Release home page

Release Date: March 5, 2010
Weekly release dates | Historical data | Data Download Program (DDP) About | Announcements
Daily update  Other formats: Screen reader | ASCII 

Try data download now image link

The weekly release is posted on Monday. Daily updates of the weekly release are posted Tuesday
   through Friday on this site. If Monday is a holiday, the weekly release will be posted on Tuesday
   after the holiday and the daily update will not be posted on that Tuesday.


   For use at 4:15 p.m. Eastern Time

 Yields in percent per annum                  March 5, 2010

                                              2010   2010   2010   2010  
                  Instruments                 Mar    Mar    Mar    Mar   
                                               1      2      3      4    
   Federal funds (effective) 1 2 3            0.14   0.14   0.15   0.16  
   Commercial Paper 3 4 5 6                                              
         1-month                              0.14   0.10   0.13   0.13  
         2-month                              n.a.   0.14   0.12   0.14  
         3-month                              n.a.   0.15   0.14   0.16  
         1-month                              0.13   0.17   0.23   0.27  
         2-month                              0.15   0.17   0.33   0.15  
         3-month                              0.18   0.21   0.24   0.23  
      3-month nonfinancial or financial                                  
         posted by CPFF 7                                                
            Without surcharge                 n.a.   n.a.   n.a.   n.a.  
            With surcharge                    n.a.   n.a.   n.a.   n.a.  
   CDs (secondary market) 3 8                                            
      1-month                                 0.16   0.16   0.16   0.16  
      3-month                                 0.19   0.20   0.20   0.20  
      6-month                                 0.30   0.30   0.30   0.31  
   Eurodollar deposits (London) 3 9                                      
      1-month                                 0.28   0.28   0.28   0.28  
      3-month                                 0.40   0.40   0.40   0.40  
      6-month                                 0.45   0.45   0.45   0.45  
   Bank prime loan 2 3 10                     3.25   3.25   3.25   3.25  
   Discount window primary credit 2 11        0.75   0.75   0.75   0.75  
   U.S. government securities                                            
      Treasury bills (secondary market) 3 4                              
         4-week                               0.08   0.09   0.09   0.09  
         3-month                              0.13   0.14   0.14   0.14  
         6-month                              0.19   0.19   0.19   0.19  
         1-year                               0.30   0.30   0.30   0.31  
      Treasury constant maturities                                       
         Nominal 12                                                      
            1-month                           0.09   0.09   0.09   0.09  
            3-month                           0.13   0.14   0.14   0.14  
            6-month                           0.19   0.19   0.19   0.19  
            1-year                            0.32   0.32   0.33   0.35  
            2-year                            0.80   0.80   0.82   0.86  
            3-year                            1.34   1.33   1.34   1.38  
            5-year                            2.28   2.27   2.27   2.28  
            7-year                            3.04   3.04   3.04   3.03  
            10-year                           3.61   3.62   3.63   3.61  
            20-year                           4.41   4.42   4.43   4.40  
            30-year                           4.56   4.57   4.58   4.56  
         Inflation indexed 13                                            
            5-year                            0.45   0.44   0.43   0.44  
            7-year                            0.98   0.98   0.97   0.96  
            10-year                           1.46   1.46   1.46   1.44  
            20-year                           1.98   1.98   1.99   1.96  
            30-year                           2.14   2.14   2.15   2.12  
      Inflation-indexed long-term average 14  2.09   2.09   2.09   2.07  
   Interest rate swaps 15                                                
      1-year                                  0.47   0.46   0.46   0.48  
      2-year                                  1.06   1.05   1.05   1.07  
      3-year                                  1.66   1.66   1.65   1.65  
      4-year                                  2.18   2.17   2.16   2.16  
      5-year                                  2.59   2.59   2.58   2.56  
      7-year                                  3.19   3.19   3.18   3.14  
      10-year                                 3.70   3.71   3.69   3.65  
      30-year                                 4.44   4.45   4.44   4.40  
   Corporate bonds                                                       
      Moody's seasoned                                                   
         Aaa 16                               5.22   5.23   5.25   5.22  
         Baa                                  6.26   6.26   6.26   6.23  
   State & local bonds 17                                          4.34  
   Conventional mortgages 18                                       4.97  

     n.a. Not available. 

Sunday, March 7, 2010


Iceland celebrates after rejecting Icesave payback plan

Voters in Iceland have been celebrating, after overwhelmingly rejecting proposals to pay the UK and the Netherlands in the wake of collapse of the Icesave bank.
With a third of results counted, 93% of voters said "No" in a referendum.
The British and Dutch governments want reimbursement for the 3.8bn euros (£3.4bn; $5.2bn) they paid out in compensation to customers in 2008.
These revellers explain why it means so much.



Bitterness and unease in bankrupt Zimbabwe

After 30 years in power, Zimbabwe's veteran leader Robert Mugabe said this week he was ready to stand for another term as president. BBC Africa correspondent Andrew Harding finds Mr Mugabe's party in angry mood, and others - the white minority and the former opposition MDC party - full of foreboding.
People on the street in Harare
The law intends to redistribute more wealth to the black population
It has been a grey, drizzly week here.
In the wealthier suburbs of Harare, Zimbabwe's shrinking white population is once again feeling nervous.
Pat, who runs a small hairdressing salon, and whose family has lived here for four generations, is finally planning to leave.
They don't want us "whiteys" here any more she says. The writing is on the wall.
Pat has been spooked by a new law, introduced this week, which is supposed to correct the enduring economic legacies of colonialism, and give black Zimbabweans a controlling stake in almost all companies.
The main focus is Zimbabwe's rich mines and its industry.
But the indigenisation law also seeks to prevent white people from owning things like hairdressing and beauty salons.
In a few years, says Pat, we will be like an extinct species. They will come for our houses next.
The reaction may well be extreme.
Many white Zimbabweans have been slow to acknowledge the debt they owe to the black majority here. Economic empowerment is clearly necessary.
But after a decade of economic chaos, horrific violence, and the brutal seizure of white-owned farms, it is easy to understand why so many Zimbabweans - of all colours - are hair-trigger tuned to expect the very worst.
Bitter words
Saviour Kasukuwere, ZANU PF Party member
 Our children are dying because of sanctions 
Saviour Kasukuwere, Zanu PF
Saviour Kasukuwere does not exactly try to smooth the waters.
"You people," he almost spat at me, as I sat in his office on the ninth floor of the squat grey building that houses President Mugabe's Zanu PF Party.
Mr Kasukuwere used to be a member of Mr Mugabe's notorious state security.
He is a hardliner and a rising star.
"You British, you could learn a lot about democracy from us," he says with a thin smile.
Mr Kasukuwere, a tall, heavy-set man, was at primary school when his country won full independence from Britain 30 years ago.
Unlike Mr Mugabe's generation, he did not fight and suffer for freedom. But, full of passionate intensity, he seems to wallow in his bitterness.
In his eyes, and words, everything can still be blamed on what he calls the "genocidal" West.
Zanu PF's current preoccupation is with what it calls "Western sanctions".
The state media makes it sound like some overwhelming economic blockade.
"Our children are dying because of sanctions," says Mr Kasukuwere.
But as diplomats and economists here point out, the reality is less extreme.
The European Union is currently imposing a travel ban on 198 individuals. Thirty-five companies are also frozen out.
"This is about Mrs Mugabe not being able to shop in Paris," one diplomat put it. "Zimbabwe can't borrow money, not because of sanctions, but because it owes $6bn, and can't pay it back because it systematically wrecked its own economy."
Train smash
Within Zimbabwe's unity government, sanctions are a poisonous issue - one of many.
The unity government, formed after bitterly disputed elections, has survived a year now - President Mugabe's Zanu PF sharing, or at least pretending to share power with its enemy, the Movement for Democratic Change (MDC).
"It's a train smash, warfare every day," one MDC minister told me.
But the government has survived and on some issues is clearly making progress.
The MDC is hoping now to water down the new indigenisation law in order not to scare away foreign investors and potentially plunge the economy back into chaos.
Posters for President Robert Mugabe are covered with graffiti for the opposition Movement for Democratic Change June 27, 2008 in Harare, Zimbabwe
The 2008 elections saw MDC supporters beaten and killed
Both parties are now gearing up for new elections - possibly next year. It is the only way to settle Zimbabwe's political deadlock once and for all.
The sanctions issue and the indigenisation law, are key campaign themes for Zanu PF.
If the MDC tries to question either of them - it is accused of being a stooge for colonial Western interests.
The MDC can probably handle that sort of criticism. It has got a strong support base, and at least one recent opinion poll showed it would crush Mr Mugabe and his party at the polls.
Any credit for the economic stability achieved here during the past year, seems to have gone to the MDC.
But the party is not nearly as well organised or ruthless as Zanu PF.
We are floundering, one MDC insider told me dejectedly. And of course, past experience in Zimbabwe shows that elections here are won by intimidation, not popularity.
 Unless we have foreign peacekeepers to protect us, it will be another bloodbath 
Senior MDC official
In 2008, Zanu PF orchestrated a campaign of terror - killing and beating MDC supporters - in order to hold on to power.
Now at the age of 86, after 30 years in office, President Mugabe has announced he is planning to run for yet another term.
Elections could be held next year, he says.
Mr Mugabe controls the police and the army, and under the current constitution, most of the electoral infrastructure.
Will he play fair this time?
We are heading towards another big fight, a senior MDC official told me anxiously.
Unless we have foreign peacekeepers to protect us, it will be another bloodbath.
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