Day: September 1, 2011

Was Perry Right?

Recently Gov. Perry of Texas and presidential candidate accused Bernanke of treason or that his actions were treasonous…..many pundits condemn his statement as amateur swagger….that it was a rookie mistake on the first couple of days on the campaign trail…and as much as it pains me…..(pause here for grimacing)……he could be right.

What!  Prof. Chuq is siding with Perry?

Sorry, but Perry does have a point in his statement…..

The Federal Reserve is quietly continuing with one of the many outrageous bank-bailout programs it initiated during the financial crisis–the one in which it pays big banks interest on their “excess reserves.”

What are “excess reserves”?

Money that the banks have but aren’t lending out–money that banks are just keeping on deposit at the Fed.

The Fed is paying banks 0.25% interest on this money.

0.25% interest may not sound like much, but it’s more than the banks are paying you to keep money in your savings or money-market account. It’s also more than you’ll earn if you lend the Federal government money for 2 years.Why on earth is the Fed paying banks not to lend? Well, back in the financial crisis, the Fed wanted to find ways to secretly bail out the banks without it being screamingly obvious to every American that that was what it was doing. And this particular bailout program was one of the more successful ways it discovered of doing that. Over the past few years, this program has secretly funneled about $10 billion in risk-free cash (rough estimate) directly to the banks, just for being banks and not lending. Don’t you wish you could get in on that game?

The Fed pays banks about $4 billion of interest a year on that money–the money the banks aren’t lending. And bankers get big bonuses based on that interest, for being so smart as to not lend money and instead just take the free interest from the Fed.Source:BI

Read the entire piece at Business Insider and then say that you cannot understand the frustration that Perry may feel….personally, I think the Perry is an idiot and most likely never heard of the piece in BI….but beyond all that…..we are still being screwed by the Banksters and we are smiling all the time…..how smart are we?

But let me add……I think Prick….my bad……Rick Perry is an idiot…he is a self-serving little toad…Just so there is NO confusion of what I really think of this arrogant snake……if he wins the election in 2012,  I will look for property in Nova Scotia…….why?  All is lost for this country!

Did I Say They Were Cowards?

For years now I have been calling most of our elected representatives cowards……I know that may seem a bit harsh…..but I have my reasons…..and yes, I still think that they are huge cowards……no matter which side of the aisle they choose to sit……..

To begin with…they are incapable of working together to find solutions to our mounting problems……then some of the Repubs were charging people money to ask them questions in a townhall…in an attempt to try and cutback on the anger that could be captured on film…..

Captured on film?  There is more along those lines also…..I found this article on Politicususa.com

One of the ways that unpopular House Republicans have been trying to dodge the wrath of their angry constituents during the August recess is to not allow filming at their town halls. Last week, Rep. Steve Chabot of Ohio directed on duty police officers to confiscate the cameras of citizens who tried to film his responses at a recent town hall. Chabot justified this behavior as necessary for the protection of his constituents, but a Federal Court ruling on Friday makes it clear that the Republicans who engaging in this behavior are violating the First Amendment rights of their constituents.

The case brought before the court involved a man in Boston who was arrested for filming the police with his cell phone while they were making a separate arrest of a young man in public. The man who did the filming with his cell phone filed suit alleging that his First and Fourth Amendment rights had been violated. The district court ruled in favor of the person who filmed the arrest, and the state appealed.

It seems that these twits only appreciate and feel they have to follow only the parts of the Constitution that they agree with…..you know their fav…the 2nd amendment……so they are AFRAID to answer questions from their constituents and feel just find violating rights of the people….the same rights that they bitch about continuously…

Here is the judge’s ruling….

It is firmly established that the First Amendment’s aegis extends further than the text’s proscription on laws “abridging the freedom of speech, or of the press,” and encompasses a range of conduct related to the gathering and dissemination of information.

As the Supreme Court has observed, “the First Amendment goes beyond protection of the press and the self-expression of individuals to prohibit government from limiting the stock of information from which members of the public may draw.” First Nat’l Bank v. Bellotti, 435 U.S. 765, 783 (1978); see also Stanley v. Georgia, 394 U.S. 557, 564 (1969) (“It is . . .well established that the Constitution protects the right to receive information and ideas.”). An important corollary to this interest in protecting the stock of public information is that “[t]here is an undoubted right to gather news ‘from any source by means within the law.’” Houchins v. KQED, Inc., 438 U.S. 1, 11 (1978) (quoting Branzburg v. Hayes, 408 U.S. 665, 681-82 (1972)).

The filming of government officials engaged in their duties in a public place, including police officers performing their responsibilities, fits comfortably within these principles. Gathering information about government officials in a form that can readily be disseminated to others serves a cardinal First Amendment interest in protecting and promoting “the free discussion of governmental affairs.” Mills v. Alabama, 384 U.S. 214, 218 (1966).

Moreover, as the Court has noted, “[f]reedom of expression has particular significance with respect to government because ‘[i]t is here that the state has a special incentive to repress opposition and often wields a more effective power of suppression.’” First Nat’l Bank, 435 U.S. at 777 n.11 (alteration in original) (quoting Thomas Emerson, Toward a General Theory of the First Amendment 9 (1966)).

Mark it or print it….if you have an unpleasant experience at your elected official’s townhall….just throw the ruling in their face….for you see….they are COWARDS!