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Podcast: GOP- The Death Rumors Are Greatly Exaggerated
Yes, it was a disappointing loss, even a bitter one. The wrong man won the presidency, despite an awful track record in office and a divisive campaign driven by big falsehoods and small ideas. But that’s the risk of democracy. Mitt Romney was the better man and didn’t quite make it. The 2012 election was not the first time the nation has seen such an outcome, and it won’t be the last, either.
America is a resilient country. It has the power to bounce back from adversity with amazing speed when the right leaders come along. And fortunately, the Republican Party survived the debacle of 2012 in good enough shape to produce them next time. We explore the state of the GOP during the latest broadcast of “Italian Tomatoes” on Blog Talk Radio.
When one compares the 2012 saga to other elections, and then considers our success in miniaturizing any claim of an Obama mandate while winning another House majority, things start looking up. Then there is the Republican hold on the statehouses, always a key indicator of any party’s future political health. If we learn from the mistakes of 2012 and above all concentrate on improving our message, we can get it all done in 2014 and 2016. Tune in for a more upbeat discussion than a good many you have been hearing!
‘Flabbergasted’ Boehner Says Obama’s Plan Has More Spending Than Spending Cuts
(CNSNews.com) — House Speaker John Boehner said he was “flabbergasted” when Treasury Secretary Tim Geithner told him about the White House plan to save the nation from going over the “fiscal cliff.”
Boehner, appearing on “Fox News Sunday,” said his reaction after Geithner briefed him privately on Thursday, was: “You can’t be serious.”
Boehner called it “silliness” that the White House is, among other things, asking Congress to give up its power to set the nation’s debt limit: “Congress is not going to give up this power,” Boehner said.
We Have Reached a Major Turning Point in Central Bank Intervention
Zero Hedge – I believe we are at a major turning point for the financial system.
For nearly four years, the entire financial system has been held together (just barely) by extraordinary interventions on the part of the world’s Central Banks.
These interventions have resulted in capital fleeing the markets (hence the low trading volume), moral hazard becoming the norm and a marketplace in which hope of more intervention has a greater impact than the actual intervention itself.
The problem with this, from day one, was that eventually we would reach the point at which additional intervention no longer had any effect. This would come about due to:
- Investors having grown so accustomed to Central Bank intervention that they no longer respond to additional measures.
- Central Banks facing a problem so massive that it is beyond their power to stop it.
Few people understand just how close we came to #2 early this past summer. Indeed, there was a brief period there, where we were literally on the verge of systemic collapse courtesy of the Spanish banking system imploding.
A trimmed-down, amped-up new iMac
CNET Editors’ Rating
4.0 stars – Excellent
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