For some years a number of groups have been advocating voting out incumbents in Congress, both the House and the Senate, as a path to reform and improve the US political system. You might have thought that with this year’s incredible widespread public anger with both major parties and the remarkably low confidence level in Congress this anti-incumbency movement would have scored a huge victory. It did not happen.
Even more surprising, perhaps, because for many months before the elections there was endless media predictions that incumbents were at risk of losing their seats, which was backed up by hundreds of polls showing historical high levels of voter dissatisfaction with Congress.
The deficit hawks are circling, hovering over QE2, calling it just another inflationary bank bailout. But unlike QE1, QE2 is not about saving the banks. It’s about funding the federal deficit without increasing the interest tab, something that may be necessary in this gridlocked political climate just to keep the government functioning.
On November 15, the Wall Street Journal published an open letter to Fed Chairman Ben Bernanke from 23 noted economists, professors and fund managers, urging him to abandon his new “quantitative easing” policy called QE2. The letter said: Continue reading →
The United States used to send military aid to opposing political regimes in countries it wanted to see overthrown. These days the United States sends a different type of aid, US taxpayer money is paying for “democracy promotion”, a way for the US to influence elections in other countries that will help the US agenda abroad. Lawyer and Author Eva Golinger points out there are many organizations in other countries that are open to this funding, when it comes under the disguise of democracy promotion.