Out of Ammo? Don't Worry, We'll Support Your Terrorism

Secretary of State Hillary Clinton (felon, Ark.) (why is it the modern heroes of the Democratic Party, the Clintons, are qualified to lead but not to hold a license to practice law?) announced that the United States is sending $150 million to the Palestinian Authority. This is an organization established by and with ties to the Palestinian Liberation Organization, a recognized terrorist regime that started randomly launching rockets into Israel not that long ago. I suppose if you visit Israel and get killed in a terrorist attack you can take some solace in seeing your tax dollars at work first-hand.

Must Watch Reason.tv Part II

Hayek v. Keynes. Easily the most amusing rap song I've heard.

Must Watch Reason.tv

It's about 10 minutes long, please watch and comment. Reason.tv.

Soros Slapdown

I mentioned previously the Dark Lord of the Sith, George Soros, and his Secretary of State Project. (There is something ironic about Satan being the man behind the media's savior, President Obama.) Well, in an under-reported aspect of last night's elections, 17 of the 26 Secretary of State positions up for election when to Republicans. Maybe he needs a new apprentice Sith. Darth Obama seems to have lost his ability to pull off Jedi mind tricks.

What the Hell is Going on at the Fed?

The Federal Reserve, an unaccountable, unelected, uncontrollable group of banks that controls monetary policy in the United States, plans on pumping between $500 billion to $1 trillion dollars into the economy for lending by monetizing the debt, i.e., buy buying up U.S. Treasury Bonds (I recommend reading the full link for a listing of potential downfalls). This is likely to lower interest rates (though how they can go much lower is beyond me) and cause inflation by devaluing the dollar. They tried this before, the idea being that by pushing money into the hands of the banks and lowering interest rates they will encourage lending and borrowing. Why didn't it work the first time? Because banks just loaned the money back to the United States Government because the return rate on the bonds was higher than the interest rates they could charge borrowers. This is likely to happen again and the people at the Fed are smart enough to know this. Which begs the question, what the hell are they doing?

Today's Recommended Reading

This article by Michelle Malkin isn't so much instructive in its stand-offish tone as it is as a recounting of exactly how "cooperative" Democrats have been with the supposedly obstructionist Republicans who couldn't stop anything the last two years because they didn't have the votes. I can't say I necessarily disagree with her on not cooperating. The majority of the country has rejected the Obama agenda, big government, overspending and wants a repeal of the healthcare law. That's not asking for cooperation.

MSNBC is Awful

Chris Mathews is a scumbag as is the rest of the MSNBC group. Mathews actually had the gall to ask a current Alaska politician if he had ever seen Sarah Palin read something, as if she were too stupid to be literate. This after he denied he ever made the tingle up his leg comment to Michelle Bachman. Keith Olbermann, of course, finds it all hillarious. Rachel Maddow can't be heard through the muffled anger of his....her smirk.