August 2009 archive

1. Reuters reports Treasury Secretary Geithner says a Fed audit ‘would be problematic for the country’. When asked “Why has the Federal Reserve bank never been audited?” U.S. Treasury Secretary Timothy Geithner answered:

   “You want to keep politics out of monetary policy,” Geithner said, adding the Fed already has strong congressional oversight.

   “The Fed is dramatically more transparent than it was, is subject to very comprehensive oversight and audits, but there are certain things about what the Fed does that again you need to make sure you preserve as independent of political influence, that is free of political influence, and that is a line that we don’t want to cross,” Geithner said.

   Geithner does not believe the Federal Reserve should undergo a comprehensive audit. “I’m sure that many people concerned about the Fed’s role in the system will understand it would be problematic for the country if you let politicians come in and shape the conduct of monetary policy in the country,” he said. (Video available at the Wall Street Journal.)

   How can information about your nation’s financial health be “problematic”… unless, of course, there really are problems that Geithner doesn’t believe Americans should know about. The government doesn’t want to the public to know how broke the nation truly is. Last Friday, by the way, Reuters reported that President Obama was to raise 10-year deficit projection to $9.1 trillion.

   Bloomberg reports the Federal Reserve says disclosing emergency loans will hurt banks. “The Federal Reserve argued yesterday that identifying the financial institutions that benefited from its emergency loans would harm the companies and render the central bank’s planned appeal of a court ruling moot.”

   “The Fed has refused to name the financial firms it lent to or disclose the amounts or the assets put up as collateral under the emergency programs, saying disclosure might set off a run by depositors and unsettle shareholders.”

   That’s right, the banks are more important than the public’s right to know where our borrowed money went.

Four at Four continues with the CIA torture probe, vetting war reporters, and an update from Afghanistan.

(cross-posted on Kos)

First the “War on Christmas,” now the dastardly “War on 9/11.”  Will the hard left never cease its evil crusades?

In April, President Obama signed the Edward M. Kennedy Serve America Act, which includes federal authorization “to establish September 11 as an annually recognized National Day of Service and Remembrance.”  This is an effort led by 9/11 family members and others to encourage volunteerism, such as assistance at food banks.

The right has gone apeshit over this, labeling it as a “desecration” of 9/11.  As brilliantly analyzed by Sadly No, Ted Kennedy’s Serve America Act is yet another “hard left” “war” on a national holiday, making it.

.  .  . Obama’s vilest plot yet, his plot against September 11, the day on which no other subject is to be discussed and on which all Americans are supposed to be dressed in the blackest of crepe bathed in the bitterest of tears.

An excellent example of this lunacy is Obama’s Plan to Desecrate 9/11, a column by Matthew Vadum in the American Spectator.

Sadly, No captures the sinister essence of this evil War on Rudy G.’s favorite day of the year:  

According to Matthew, if Obama has his way, September 11 would be renamed “tarehe kumi na moja mwezi wa tisa,” which is Swahili for September 11 and which no ordinary American can ever remember, much less pronounce. School children will no longer be allowed to sing 9-11 songs at their 9-11 pageants, but will instead be forced to sing socialist stuff like “This Land is My Land,” “L’Internationale” (in French!!! ) and “Big Yellow Taxi.”

Yes, God Forbid that 9/11 should be remembered as 9/11 families wish, by helping those less fortunate and other public service.  

The Spectator’s Vadum makes a wonderful (Freudian?) slip, however, when he writes:

The plan is to turn a “day of fear” that helps Republicans into a day of activism called the National Day of Service that helps the left. In other words, nihilistic liberals are planning to drain 9/11 of all meaning.

Nice to see a winger admit that 9/11 is a “day of fear” that helps Republicans!

Of course, the Spectator commenters are a bit less subtle than Matthew, including one who wittily contributes the following:

So, basically, he’s turning Sept. 11 in to National Radical Negro Day.

Hail Nero! Hail Caligula! Heil Hitler!

This guy is gonna make REAL AMERICANS – (You heard me) – REAL AMERICANS, Americans who LOVE this country, rise up. You thought that there could never be another Revolution? This THING in the White House is TRYING to destroy this country. This is gonna get ugly. Mark My Words.

Couldn’t have said it better myself.  To completely round it out, add something about death panels, OK?    

Crossposted from the Iraq Moratorium website.

Mike Mullen thinks the U.S. is losing the war in Afghanistan. He calls the situation “serious and deteriorating.” So what? A lot of us think the same thing.

But we don’t run the Joint Chiefs of Staff, the high command of the U.S. military. Mike Mullen does.

His job title isn’t the only difference between Admiral Mullen and the rest of us. More than half of all Americans think the 8-year-old occupation of Afghanistan is a mistake (52% of us according to the latest poll) and want it over with.

Not Mike Mullen! Right now, he’s locked in urgent discussions with administration advisers and his own generals to figure out how many more troops he can get away with asking for to keep the occupation going..

Will sending 15,000 more soldiers and Marines, the lowest number being floated, make the war the kind of liability for this administration that Iraq was for George W. Bush? Will Mullen dare to ask for 45,000 new troops, the number actually requested by General Stanley McChrystal, his top commander on the ground?

This is where WE come in. Follow the hearings when Congress comes back in session. Read the news commentary. The number of young men and women the Pentagon and the White House say must be sent into harm’s way will tell us two things–just how badly the occupation is going and just how scared they are of the American people.

And when they do finally ask for more troops, that will tell us one more thing: they aren’t scared enough of the political consequences to face reality–yet. It is still our job to to protest the escalation; to support the troops by demanding that they be brought home; to talk with our family, friends, neighbors, co-workers; to pressure our Congresscritters.

Because if Admiral Mike Mullen has his way, this war will drag on for years and years to come, and the death toll–of Afghans and occupiers both–will climb and climb.