Thursday, October 14, 2010

Barker's Newsbites: Thursday, October 14, 2010


Excellent show... outstanding theme song!
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9 comments:

William R. Barker said...

http://www.nytimes.com/2010/10/13/us/politics/13biden.html?_r=2

“I tell you what, there’s real trust, that’s why he’s asked me to run again,” Mr. Biden said Monday...

* SO... NOW THE QUESTION IS: WHEN WILL HILLARY RESIGN AND WHEN WILL SHE ANNOUNCE HER CANDIDACY FOR THE 2012 DEMOCRATIC PRESIDENTIAL NOMINATION?

* OH... AND IF SHE'S SMART... SHE'LL MAKE A DUEL ANNOUNCEMENT - SHE'LL NOT ONLY DECLARE HER OWN CANDIDACY, SHE'LL ALSO "CHOOSE" HER RUNNING MATE RIGHT THERE AND THEN. (SOMEONE IDENTIFIED WITH "CHARACTER" AND COMPETENCE.)

October 14, 2010 at 12:30 PM
William R. Barker said...

http://finance.yahoo.com/news/New-jobless-claims-rise-in-rb-318256614.html?x=0&.v=1

New claims for jobless benefits unexpectedly rose last week...

* "UNEXPECTEDLY...???" HMM... I EXPECTED IT! THE DEMOCRATS DIDN'T EVEN BOTHER TO PASS A BUDGET THIS YEAR! THE DEMOCRATS REFUSED TO ADDRESS THE EXPIRING TAX CUTS! WHAT DID THIS REPORTER AND HIS/HER EDITOR THINK WOULD HAPPEN...?!?!

At the same time, record-high imports from China helped push the U.S. trade deficit wider in August...

(*SARCASTIC CLAP-CLAP-CLAP*)

The dollar hit a low for the year...

(*MORE SARCASTIC CLAPPING*)

Initial claims for state unemployment benefits rose to a higher-than-expected 462,000 in the latest week, the Labor Department said on Thursday.

* AGAIN WITH THAT "HIGHER THAN EXPECTED" NONSENSE. YA GOTTA LOVE THE MAINSTREAM LIBERAL MEDIA! (AT LEAST YA GOTTA ADMIT THEY HAVE NO SHAME...)

October 14, 2010 at 1:05 PM
William R. Barker said...

http://www.reuters.com/article/idUSTRE69D0SF20101014

Banks foreclosed on 102,134 properties in September, the first single month above the century mark, RealtyTrac said.

* AHH... THE AGE OF OBAMA...

There were 347,420 total foreclosure filings in September, three percent higher than August and one percent higher than a year earlier.

* JUST CURIOUS... IF THERE WERE ACTUALLY 347,420 FORECLOSURES IN SEPTEMBER YET "ONLY" 102,134 WERE BANK FORECLOSURES... WHAT WERE THE REMAINING 245,386...??? (*SCRATCHING MY HEAD*)

October 14, 2010 at 1:05 PM
William R. Barker said...

http://www.nytimes.com/2010/10/14/health/policy/14health.html

The Obama administration, aiming to encourage health insurance companies to offer child-only policies, said Wednesday that they could charge higher premiums for coverage of children with serious medical problems, if state law allowed it.

* HEY LIBS... HEY LEFTISTS... WHATTA YA THINK OF THAT! (*SNORT*)

* FOLKS... FACE IT... OBAMA WAS ALWAYS PLAYING BOTH SIDES AGAINST THE MIDDLE.

Earlier this year, major insurers, faced with an unprofitable business, stopped issuing new child-only policies. ... The difficulty in preserving access to child-only insurance policies is the latest example of unintended consequences of the new law, the Patient Protection and Affordable Care Act.

* WHAT THE HELL IS THIS REPORTER BABBLING ABOUT...?!?! EITHER OBAMA, PELOSI, REID, AND THEIR ARMIES OF LOBBYIST ALLIES KNEW WHAT THEY WERE DOING OR ELSE THEY DIDN'T! NONE OF THIS WAS "UNANTICIPATED." I AND PEOPLE LIKE ME PREDICTED THIS ALL ALONG...!

October 14, 2010 at 1:56 PM
William R. Barker said...

http://news.yahoo.com/s/ap/20101014/ap_on_bi_ge/as_japan_dollar

The dollar fell to a fresh 15-year-low against the yen in Tokyo on Thursday amid growing speculation that the U.S. Federal Reserve will ease monetary policy next month.

* AGAIN, FOLKS... PLEASE UNDERSTAND... OUR OWN GOVERNMENT SEEKS TO DESTROY THE DOLLAR - AND THEY'RE SUCCEEDING!

October 14, 2010 at 1:56 PM
William R. Barker said...

http://www.cnn.com/2010/WORLD/asiapcf/10/14/afghanistan.violence/index.html

Eight NATO troops were killed in Afghanistan Thursday, bringing the number of foreign troop deaths in the past two days to 14, the International Security Assistance Force said.

* "NATO TROOPS." WE DON'T KNOW HOW MANY WERE AMERICANS.

An improvised explosive device attack killed three service members in the west, and two died in an insurgent attack in the south.

One died after an insurgent attack in the east, one died in an insurgent attack in the south and another was killed in an IED attack in the south.

On Wednesday, six foreign troops were killed.

* AGAIN... WE DON'T KNOW HOW MANY AMERICANS WERE KILLED.

ISAF has not announced the nationalities of any of the dead, in line with policy leaving identification up to the victims' home countries.

October 14, 2010 at 1:57 PM
William R. Barker said...

http://blog.heritage.org/2010/10/12/morning-bell-how-the-obama-tax-hikes-affect-you/?utm_source=Newsletter&utm_medium=Email&utm_campaign=Morning%2BBell

On top of President Obama’s failed spending policies, now the White House wants to saddle the U.S. economy with the largest tax hike in American history.

Taxes on individual income, capital gains and dividends are all set to rise.

As Harvard professor Greg Mankiw explained, “Don’t let anyone fool you into thinking that when the government taxes the rich, only the rich bear the burden.”

The Heritage Foundation Center for Data Analysis has estimated the impacts of the Obama tax hikes and found they would: 1) decrease inflation-adjusted gross domestic product (GDP) by $1.1 trillion by 2020; 2) decrease business investment by $33 billion a year; 3) decrease personal savings by $38 billion in 2011 alone; 4) decrease consumer spending by $706 billion through 2020; and 5) kill an average of 693,000 jobs a year through 2020.

The CDA has even broken down these impacts by state and congressional district. You can find the state-by-state and district-by-district results here -- http://www.heritage.org/Research/Reports/2010/09/Obama-Tax-Hikes-The-Economic-and-Fiscal-Effects.

West Virginians will see their individual income taxes rise by $1.6 billion. Nevadans will lose $2,697 per household in disposable income. And Wisconsin will lose 14,083 jobs annually.

The stakes are high. Click through and find out How the Obama Tax Hikes Affect You.

October 14, 2010 at 4:03 PM
William R. Barker said...

http://paul.house.gov/index.php?option=com_content&view=article&id=1783:a-spooked-economy-in-october&catid=31:texas-straight-talk

* BY DR. RON PAUL, MEMBER OF CONGRESS (R-TX)

The Federal Reserve (i.e. the Fed) has been wreaking havoc and devaluing our monetary unit steadily since 1913, and greatly accelerating it since the collapse of the Bretton Woods agreement in the 1970s. This severing of the dollar’s last tenuous link with gold allowed the Fed to create as much new money as it pleased, and it has taken full advantage of this opportunity.

In 1971, Gross Domestic Product (GDP) was $1.29 trillion. Today it is $14.6 trillion, nominally. But adjusted for all the inflating the Fed has been doing, it is only $2.73 trillion, which constitutes only a 1% real increase per year!

* WOW...! I DID NOT KNOW THIS...!!!

[W]ith all this extra money going around, we may appear nominally wealthier, but the reality is, we have barely moved at all. This is unfortunate especially for the prudent, conscientious savers, whose nest eggs are constantly being devalued. Unless of course, they have saved in something out of the Fed’s reach, like gold.

While the economy has basically been in a holding pattern against the leeching of wealth by the Fed for thirty nine years, gold has seen an inflation adjusted increase in value of over 5% per year, if measured in 1971 dollars.

* INTERESTING...

The turmoil in the housing market demonstrates how disastrous it is to flood the economy with fiat money.

* FIAT MONEY REFERS TO GOVERNMENT ISSUED SCRIPT - DOLLARS - NOT BACKED BY ANY "REAL" ASSETS.

Latest events with foreclosures are good examples of mistakes made in the market, in this case, by the banks, in the rush to soak up manipulated currency. This is why the truly free market depends on sound, honest money, free from false signals of artificially low interest rates.

* UNFORTUNATELY, WE HAVE ANYTHING BUT SOUND, HONEST MONEY; INDEED, PRESENT GOVERNMENTAL POLICY IS TO FURTHER DEVALUE THE DOLLAR... FURTHER REDUCING THE LIVING STANDARDS OF ANYONE RELYING UPON DOLLARS - MEANING ALL OF US!

The government finds ways to spend money even faster than the Fed can create it, bringing our national debt well past the point of the taxpayers ever being able to pay it off. Other nations who, in the past, have eagerly bought up any amount of debt we produced are now starting to resist. We are reaching a crucial point at which the dollar will no longer function, and in the absence of a functioning dollar, restoring sound money will be the only alternative.

* AT THIS POINT THOUGH... (*SCRATCHING MY HEAD*)... HOW DO WE AT THE SAME TIME REPAY OUR DEBTS AND RESTORE SOUND MONEY...???

October 14, 2010 at 4:04 PM
William R. Barker said...

http://blog.heritage.org/2010/10/08/morning-bell-at-the-mercy-of-the-obama-tax-hikes/?utm_source=Newsletter&utm_medium=Email&utm_campaign=Morning%2BBell

When will the Obama administration admit their economic stimulus plan, which cost more than the Iraq war, failed?

The stimulus has already failed to create the 3.5 million jobs President Barack Obama promised it would.

It has already failed to keep unemployment below the 8% the President’s top economists predicted it would.

And now, the Department of Labor reported [last week], a full 15 months after the National Bureau of Economic Research certified that the recession ended, that the U.S. economy lost another 95,000 jobs in September.

Total employment in the United States economy now stands at 130.2 million. This is 7.6 million jobs short of where the President promised the economy would be by December 2010 if Congress adopted his economic policies. 9.6% unemployment.

A 7.6 million jobs gap.

Unemployment is actually higher now than when the recession ended in June.

If this is not the definition of failure, then what is?

October 14, 2010 at 4:04 PM

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