China/German, Others Advise: Don't Do It: Geithner Chats with Stewart

U.S. dollar printing is huge risk.

Germany Concerned About US Stimulus Moves.

Backlash against Fed’s $600bn easing.

Geithner Visited Jon Stewart in April according to update on web site.

Update to Obama's India Visit

34 warships sent from US for Obama visit, including an aircraft carrier.

Two jets, armed with advanced communication and security systems, and a fleet of over 40 cars will be part of Obama's convoy.

Around 800 rooms have been booked for the President and his entourage in Taj Hotel and Hyatt. Apart from Obama's Air Force One, a few private luxury jets carrying top American corporate leaders, who are part of Obama's entourage, are also expected to arrive in India in the next 2-3 days. Following the General Motors bailout, GM executives are flying along.

All coconuts are being taken down; every year in India people are injured or even killed by falling coconuts.

The tunnel would be a kilometre long and measure 12ft by 12ft — enough to let Obama’s cavalcade pass through. The tunnel would be centrally air-conditioned, fitted with close-circuit television cameras, and will be heavily guarded.

As a point of contrast, the U.S. war in Afghanistan, which involves 100,000 troops, costs about $190m a day; the price tag for the India venture is $200 million a day.

Britain, facing a deficit issue as well, proposed another means of travel. In July, David Cameron, on his first trip to the U.S. as British prime minister, took a business-class seat on board a scheduled British Airways flight.

A ‘Horror Show’ for Obama: The World Ponders U.S. Election Results

The World Ponders U.S. Election Results

‘Greenest President Ever’ trip to India has a carbon footprint bigger than the citizens of many US cities

Obama to Challenge Hillary in the Far East?

Report Abuse During Passenger Screening in U. S. Airports

ACLU form available for use.

Black Panther Harasses Voter — At Same Polling Place

Fox News in Philadelphia found a member of the New Black Panther Party stood at the same polling place as last year. A passerby has claimed the man threatened him with violence. Breitbart TV identified that Panther as Jerry Jackson, one of the same Panthers who was filmed standing in front of the same polling place in 2008. He was handing out a sample ballot for Democrats, a likely violation of election laws — not that he will have to worry. Mike Roman at BigGovernment.com has noted Jackson has at least two first-degree felony convictions but has been photographed holding firearms — which is a felony for ex-cons. Not only has no one prosecuted him for voter intimidation or a firearms violation, but there is no word that he will be charged for his attempts to sway two elections for the Democratic Party.

Clinton on the Case: China Tells U.S. to Butt Out

China rebuffs US offer on disputed islands.

Geithner vs. the Americans

Congressman Michael Brady scolded Treasury Secretary Tim Geithner during a testy hearing on Capitol Hill, telling the former New York Fed chief that he should never have been hired and demanding that the TARP program come to an abrupt end, shortly after GOP Rep. Kevin Brady had called on Geithner to resign.

“The public has lost all confidence in your ability to do the job,” Brady told Geithner during a heated Joint Economic Committee meeting, adding that he had failed to oversee an economic recovery before asking Geithner, “Will you step down from your post?”

Geithner responded by claiming that confidence in the economy was substantially stronger than before Obama took office, to which Brady responded, “Tell all of that to the millions of American who no longer have jobs because of your decisions,” adding, “At some point you have to take some responsibility for your decisions.”

“This is your budget! This is your bailout”, shouted Brady.

Obama pledged to create 3.5 million new jobs by 2010, however, with unemployment running at 10.2 per cent, and with 3.5 million jobs lost, the Obama jobs deficit stands at over 7 million.

Shortly after the fracas, Rep. Michael Burgess confronted Geithner on how TARP funds were used to bail out banks in Europe while the American people suffered with spiraling mortgage defaults and unemployment.

“We’ve got the TARP, it’s supposed to expire, why won’t we let it die a natural death rather than letting it painfully linger?” asked Burgess, to which Geithner responded, “We are working to put TARP out of its misery,” contradicting reports of a “second stimulus” being planned for early 2010.

Geithner’s claim that he was working aggressively to terminate TARP programs was met with Burgess’ response, “Well it looks like money is going out with little or no oversight,” which Geithner denied, despite the fact that Fed chairman Ben Bernanke admitted earlier this year that he didn’t know which foreign banks had received over half a trillion dollars in credit swaps when pressed by Congressman Alan Grayson, who this week introduced an amendment with Ron Paul to secure more oversight on money leaving the U.S. earmarked for foreign banks.

Burgess stressed that small businesses were frightened of adding jobs because they were worried about the potential costs of health care, regulation and the impact of the cap and trade program, stating, “We don’t need another stimulus, we need to provide some tax relief and then get the heck out of the way and the American economy will recover as it has always done.”

Referring to Brady’s comments, Burgess commented, “I don’t think that you should be fired, I thought you should never have been hired.”

“I’ll tell you, my constituents, they’re not just anxious, they are mad, they are fighting mad about what is happening in the economy, they’re fighting mad about what is happening in the stimulus,” concluded Burgess.

Bernanke Says Limiting Fed Independence Would ‘Impair’ Economy

Bernanke Says Limiting Fed Independence Would ‘Impair’ Economy

Obama: I Took A "Shellacking" Last Night

The country did not, the Democrats did not, but Obama summarizes the election results. He learned a lesson. He learned he has to explain himself more? He did not learn an important lesson. For Obama, life revolves around himself.

http://realclearpolitics.com/video/2010/11/03/obama_i_took_a_shellacking_last_night.html

Federal Reserve's Federal Open Market Committee Statement

Issued today following a two-day meeting on monetary policy.

Voting against the policy was Thomas M. Hoenig. Mr. Hoenig believed the risks of additional securities purchases outweighed the benefits. Mr. Hoenig also was concerned that this continued high level of monetary accommodation increased the risks of future financial imbalances and, over time, would cause an increase in long-term inflation expectations that could destabilize the economy."

CNBC: Fed's Big Gamble--What Could Go Wrong?

CNBC—Nov. 3, 2020— http://www.msnbc.msn.com/id/39985108/...
Former Fed Governor Larry Meyer discusses what could go wrong in the Fed's controversial plan to purchase more bonds.

Copyright CNBC 2010

What could possibly go wrong?

Here's What Could Go Wrong:

It could make the weak dollar even weaker and lead to trade disputes with other countries. It could lead bond traders to believe that higher inflation is on the way, and they could derail the Fed's efforts by pushing rates higher.

Many investors argue that it may create bubbles as hedge funds and other speculators borrow cheaply and make even bigger bets on stocks, commodities and markets in developing countries like Brazil.

"It's a desperate act," says Jeremy Grantham, co-founder of the investment firm GMO. Grantham says it's a clear message from the Fed to the rest of the world: "The U.S. doesn't care if the dollar weakens."

Speaking of the 90's, David Ader, head of government bond strategy at CRT Capital, stated: "If the Fed's efforts fail we suddenly look like Japan," Ader says. "Japan started off wimpishly, then did it again, and again and then they wound up losing a decade."

Among Democrats, 47 percent say Obama should be challenged for the 2012 nomination

According to a recent AP poll, "Among Democrats, 47 percent say Obama should be challenged for the 2012 nomination."

Exit poll: Economy the big dog for worried voters

"Voters were intensely worried about the future of the economy and unhappy with the way President Barack Obama and Congress have been running things."

Hayek vs. Keynes RapAnthem, a Sequel

The Founders on Islam

No, Professor Ahmed, the Founders Were Not So Fond of Islam

Honest! Abe Lincoln's earliest photo finally 'confirmed'

Facial-recognition software examines daguerreotype bought for $27

New European Union President Herman van Rompuy: "2009 is the first year of global governance."

Poll Predicts Huge Swing of US Catholic Vote Toward Republicans

By a 62-38% margin—a stunning contrast with the 2008 election, in which Catholic voters favored Obama over his Republican challenger, John McCain, by 54- 44%, Catholics this time around are voting Republican according to a recent poll.

Missiles in a Shipping Box: Game Changing Weaponry: Club-K Container Missile Program:

Club-K Container Missile Program:

AG Holder Asks Court to Seal Goldman Sachs Tech Secrets From Public Scrutiny

A video went viral: “Somebody threw us into the Atlantic without a life raft.” Somebody. Who? This is the question everyone wants to know.

Tonight, Daily KOS blogger Badabing published commentary about Attorney General Eric Holder, who has asked the court protect Goldman Sachs’ secrets in a trial involving alleged computer code theft.

AG Holder asks Judge to Seal Goldman Sachs Courtroom Case

AG Holder Asks Court to Seal Goldman Sachs Tech Secrets From Public Scrutiny

http://gulagbound.com/7889/ag-holder-asks-court-to-seal-goldman-sachs-tech-secrets-from-public-scrutiny

Federal Government Asks for Closed Courtroom to Protect Goldman Sachs Secrets