John McCain's Political Suicide--First Step to a New Jacksonian Revolution?

By identifying with the Bush/Paulson bailout John McCain has effectively handed the election to Barack Obama. McCain's task in this election was to distance himself from the Bush administration, but instead he has chosen to embrace it.

The Constitution established the House as the more responsive of the two legislative bodies, and the two-year cycle was important for Monday's vote on the bailout. Congressmen feared public retribution. However, that does not mean that the public's will will be done.

In the past week, the Federal Reserve Bank increased the number of treasury bonds it is holding by 18%. That is a supernatural jump, and it means that it has injected a tremendous quantity of money into the banking system. Monetary reserves have increased by 6%, which is also huge. There is no reason for a Congressional bailout if the Fed increases the money supply dramatically. Moreover, there is still a good chance of the bail out bill's passage in the Senate and then in the House, with the House using the Senate as cover.

In the nineteenth century the public understood that its interests DID NOT COINCIDE with those of commercial and investment banking. As a result, the central bank, the Bank of the United States, was abolished in the 1830s. Today, the public is unwilling to learn a few simple facts about the relationships among money supply, inflation, real wages and real economic growth. Real economic growth is impeded by monetary inflation because, in a form of reverse rationing, less optimal projects receive funding because those with political connections (e.g., Wall Street) get the first dibs on capital instead of those who can produce the highest returns, for instance, creative but risky inventors.

I have seen quite a few blogs and spoken to several Ivy-League-trained Ph.D. economists in the past few weeks, and I can say with assurance that the widespread support for the bailout among academics, the media and the establishment is based on junk ideas, quack theory and opportunism. The public is smarter than the "experts", and if problems with the economy continue to escalate, and the bailout will perpetuate and enhance them, then perhaps we will see the beginnings of a new Jacksonian revolution.

Springtime for Barack in Chicago

This is the best spoof since Mel Brooks' Producers. Pamela Hall of "Silent Majority", links to this video by"People's Cube" to which Barack Obama's goose stepping followers object (also, h/t Larwyn). The Obama campaign doesn't object to law enforcement in St. Louis arresting people who criticize Obama. They just object to those who protest about it. Link to Youtube here.



Nancy Razik has forwarded a related video linked here:

Phil Berg Files Motion Re Obama Birth Certificate

Obamacrimes.com (h/t Bob Robbins) notes that Phil Berg has been hard at work, filing a response to the Obama campaign's and DNC's motion to dismiss on his case demanding that Obama show him his birth certificate. Would you go to court in order to stop someone from seeing your birth certificate, or would you take it out of your file cabinet and show it to whomever?

Obamacrimes.com writes

"Mr. Berg provides precedents which he argues establish his standing and petitions the Court to deny dismissal and order the defendants to produce the documents in the previously requested discovery.

"The conclusion of Mr. Berg's brief reads:

Plaintiff served discovery in way of Admissions and Request for Production of Documents, on Defendants on September 15, 2008 and has attempted to obtain verification of Obama’s eligibility through Subpoenas to the Government entities and the Hospital’s in Hawaii. To date, Plaintiff has not received the requested discovery from the Defendants and two (2) of the locations, which subpoenas were served upon, refused to honor the subpoena.

"or the above aforementioned reasons, Plaintiff respectfully request Defendants Barack Hussein Obama and the Democratic National Committee’s Motion to Dismiss pursuant to F.R.C.P. 12(b)(1) and 12(b)(6) be denied and order immediate discovery, including but not limited to: 1) a certified copy of Obama’s “vault” (original long version) Birth Certificate; and (2) a certified copy of Obama’s Certificate of Citizenship; and (3) a certified copy of the Oath of Allegiance taken by Obama taken at the age of majority. If the Court is inclined to grant Defendants motion, Plaintiff respectfully requests the opportunity to amend his Complaint pursuant to the findings of this Honorable Court.

Obamacrimes links to Phil Berg's motion, which is here.

Bob Robbins Writes to Senator John McCain

Senator McCain -

Please push for a Common Sense fix of our country's financial mess.

Please DO NOT support a "Bailout" !!!

BTW, - ... supporting a Bailout might easily doom your bid for POTUS.

Please make sure to NOT allow Golden Parachutes for existing CEOs.

Please try to effect insurance for the bad loans and credit problems.

Thank you in advance, Robert Robbins,