Feisal’s Mental Jiu-jitsu Revealing Animus

by Smitty

This week’s FMJRA shouts out to all those who are unmoved by the Ground Zero Mosque mastermind, Feisal. Sometimes, even sincere gifts just don’t pass muster, though I’d not accuse Feisal of sincerity. Don’t call the US, dude: We The People will call you. Not real soon, though.

Also, Right Klik points to Delia Lopez, running for Congress to represent Portland, Oregon, a D+19 district (Hah! VA-8 is D+44, and we’re still going to wreck Moran at the ballot box). Go, Oregon! Go, Americans!

On with the show. Continue reading Feisal’s Mental Jiu-jitsu Revealing Animus →

‘Free Money’ Madness at the Fed

For more than 18 months, the Federal Reserve has kept its funds rate at effectively zero — a policy of monetary stimulus so extreme that it would have been unimaginable a few years ago. This policy was instituted as an “emergency rate” after the 2008 meltdown, Federal Reserve Bank of Kansas City President Thomas Hoenig said a week ago, and its continued extension cannot be justified.

“I wish free money was really free and that there was a painless way to move from severe recession and high leverage to robust and sustainable economic growth, but there is no short cut,” Hoenig said in an Aug. 13 speech.

What is going on here, as a private-sector economist warned me in May 2009, is that officials are “trying to re-inflate the bubble.” The Huffington Post’s Shahien Nasiripour has a report, based on a briefing with a “senior Obama administration official,” that includes some balancing voices of reason:

The Fed will keep the main interest rate near zero for an “extended period” to support the recovery. Some Fed officials, most notably Thomas Hoenig, the president of the Kansas City Fed, believe that maintaining a zero interest-rate policy for an extended period will inevitably lead to asset bubbles: cheap money encourages speculation, and speculation can drive prices to an artificially high level (like housing during the boom years).
Christopher Whalen, a noted bank analyst at Institutional Risk Analytics, said this month that big banks “are busily creating the next investment bubble on Wall Street — this time focused on structured assets based upon corporate debt, Treasury bonds or nothing at all — that is, pure derivatives.” Whalen said low rates are to blame for this burgeoning bubble.

This neo-Keynesian madness at the Fed is unsustainable. Economic reality will eventually make itself felt and the blame will fall squarely on the administration that gave us “coked-up stimulus monkeys.”

WikiLeaks Founder Reportedly Charged With Rape, Media Suggest U.S. ‘Smear’ UPDATE: Police Withdraw Charges?

Swedish tabloid Expressen reports that WikiLeaks founder Julian Assange has been charged with raping two women in Stockholm. No details of the alleged crime are available, but a very rough Google translation of the Expressen report indicates that the two women who made the accusations are in their 20s. Australian-born Assange is 39.

WikiLeaks made headlines last month by releasing thousands of pages of classified U.S. military documents. Via Twitter, Wikileaks characterized the charges as “dirty tricks”  and quoted Assange’s assertion that “the charges are without basis and their issue at this moment is deeply disturbing.” Wikileaks subsequently issued an official statement:

On Saturday 21st of August, we have been made aware of rape allegations made against Julian Assange, founder of this project and one of our spokespeople.
We are deeply concerned about the seriousness of these allegations. We the people behind WikiLeaks think highly of Julian and and he has our full support.

CNN’s Jim Kavanagh said the charges against Assange “brought instant suspicion of a U.S. government-led smear campaign,” while Politico‘s Laura Rozen noted that the reported arrest was made “just ahead of the expected release of thousands more secret U.S. military documents.” The London Telegraph reported:

Kristinn Hrafnsson, an Icelandic journalist who works with Mr Assange, told Swedish media on Saturday afternoon that Mr Assange was still in the country and would visit a police station later that day. “He will go there late today. There are powerful forces that want to hurt Wikileaks,” said Mr Hranfnsson, who insisted that the accusations were false.

Critics of WikiLeaks say its reports have endangered U.S. and allied forces in Afghanistan. A U.S. soldier, Bradley Manning, is suspected of leaking materials to the organization.

The BBC also reported on Assange’s rape charges and there is additional blog commentary at  Outside the Beltway, Sister Toldjah and Riehl World View.

UPDATE: Now police have reportedly withdrawn the charges, or all but one of the charges, and there is certainly cause for Allahpundit to say, “Hmmmmmmm.”

More reaction at Memeorandum.

UPDATE II: Readers will note the Joe Friday “just-the-facts-ma’am” nature of my initial reaction. I was struck by the fact that none of the reports had details of where, when and how the alleged rape occurred. I was also struck by how quickly some media insinuated that the accusations had to be the result of a U.S.-orchestrated “smear.” As in any criminal investigation, the facts may take days or weeks to sort out, and there’s no need to jump to any conclusion about this situation.

UPDATE III: CNN updates to note the dropped charges, but there is still no detail on how the charges originally arose. Who were the accusers? Where and when did they make these allegations? Why were their accusations initially believed, but later discredited?

This Is A Christian Act How, Exactly?

by Smitty

Via Gateway Pundit, there is word that The Dove World Outreach Center in Florida plans to burn some Korans.

That is as bent an idea as anything the Fred Phelps flock is doing. Followers of Christ near and far should consider denouncing this evil provocation.

For starters, this blog thinks that The Dove World Outreach Center is false, and all members should depart for a Christ-centered, Biblically sound church. Pray, read the Bible, know the difference, people.

Ann Coulter on GZM: ‘It’s Like We’ve Designed a Pompous Douchebag Trap’

“Look, it’s Keith Olbermann!”

BTW, Ace of Spades pulled out the flaming skull for the revelation that the imam at the Lower Manhattan Islamic Community Center That the Associated Press Won’t Call the “Ground Zero Mosque” Anymore has said some stuff that isn’t exactly moderate.

UPDATE: Just so you know what she’s referring to, it was Olbermann’s “Special Comment” from Monday.

“First, they came for the douchebags who quote Martin Niemoller . . .”

UPDATE II (Smitty): For some related humor, check out Recovering Liberal for some satire so highbrow, my head ‘sploded in a comment, leaving an atrocious pun.

More News on Liberty.com

Wednesday, I blogged about the launch of Liberty.com, which will officially go live Sept. 1. David Catanese reports at Politico:

A new conservative group created to harness the energy of the tea party into a national financial force has set a lofty goal for itself: match or eclipse the influence of MoveOn.org in campaigns across the country.
Liberty.com plans to launch its independent expenditure political committee Sept. 1, with the intention of becoming an all-encompassing conservative grass-roots organization that weighs in on federal and state political races and issue-oriented movements.
Launching under the umbrella of the group Americans for New Leadership, Liberty.com will be led by tea party organizer Eric Odom and begin its venture with $700,000 and 70,000 members, according to a spokesman. Odom previously built conservative coalitions under the American Liberty Alliance and The Patriot Caucus.
“We’re looking to compete directly with MoveOn.org. We’re looking to be a player for a long time. No one else on the right is doing what we’re doing,” said Liberty.com spokesman Yates Walker, who remains a consultant on Christine O’Donnell’s U.S. Senate campaign in Delaware. . . .

You can read the rest of that. Eric, Yates and Steve Foley hosted a Blog Talk Radio program about it:

Listen to internet radio with Liberty Alliance on Blog Talk Radio

DNC Tries to Flush Anti-Bush Ad Down YouTube Memory Hole: FAIL!

The Democratic National Committee put out a TV ad blaming Bush for the “Republican policies that got us into this mess,” which caused a big stir today on the blogosphere. This evening however — no doubt embarrassed by the transparent desperation of their blame-Bush message — the DNC changed the setting on the YouTube channel to “private,” preventing people from seeing the video. Fortunately, Professor William Jacobson at Legal Insurrection points out that the video is still available from Mediaite.

Unlike the Democrats, Republicans aren’t pulling their videos off the ‘Net:

UPDATE: A commenter at Legal Insurrection:

Ah, sweet irony. At 0:16, the narrator says, “Do we hold big business accountable when they’ve gone too far?” The picture shows the CityCenter project in Las Vegas. In a number of its ads, Harry Reid’s re-election campaign describes how he used his clout to intervene with lenders and save CityCenter when it was on the verge of bankruptcy. Now, that’s holding big business accountable.

Yeah, for Democrats there are always two kinds of “big business” — campaign contributors for whom they do special favors, and those evil greedy corrupt fat cats who give money to Republicans. Not surprisingly, it’s kinda hard for Democrat propagandists to tell the difference.

UPDATE II: Moe Lane at Red State:

I guess enough people asked “Does getting Bush back mean we get 5% unemployment back, too?”

BTW, to be “fair and balanced” despite my own pessmistic mood, I’m obligated to report that Charlie Cook is optimistic about GOP prospects of taking the House. But I repeat my earlier warnings: Polls are not campaigns and politics is about elections.

I fear that too many conservatives are thinking, “Obama is unpopular, the economy sucks and therefore Republicans will automatically win.”

Nothing is automatic in politics.

UPDATE III: In an update, Jacobson says it appears that the DNC took the video down, re-edited and reposted it. The re-edited version omits the Reid-backed City Center project as an emblem of “big business.”