- Financial Crisis
- Cultural War (between the left and right)
- WikiLeaks
- Final jockeying for election day Nov. 2
According to Geithner, "G20 countries with persistent surpluses should undertake structural, fiscal and exchange rate policies to boost domestic sources of growth and support global demand. Emerging market countries with significantly undervalued currencies and adequate precautionary reserves need to allow their exchange rates to adjust fully over time to levels consistent with economic fundamentals."
The world is still upside down, i.e., President Obama and Secretary Geithner still think they can dictate their ideology to the financial world, as noted in the rejections: "The Japanese finance minister said the idea of a cap was 'not realistic,' while his German counterpart warned about 'planned economy thinking.'"
Britain continues to foreshadow ObamaCare: in light of the financial crisis NHS scrapped waiting targets for cancer tests (Numbers waiting months for cancer tests have doubled since NHS targets scrapped).
Financial ignorance remains costly: governments by nature have a very high percentage of fixed costs, or costs that can't be easily and quickly reduced. So when they are forced to cut, and cut deeply as in the current crisis, the fact people will be, at a minimum, 'distressed enormously' while waiting an unacceptably-long time means ABSOLUTELY NOTHING to politicians and bureaucrats.
Sorry Brits, you gave up your right to control your medical history when you abdicated responsibility to the state. This is the dirty laundry that does NOT come in the socialist sales pitch: 'if we need to balance the budget we WILL withhold medical care, even at the cost of thousands of citizens' lives.' To add insult to injury (no pun intended), do you think your medical administrators have more or less incentive to maximize efficiency of costs and operations WITHOUT a profit motive?
Hopefully Americans will learn sooner than later that 'profit motive' is not a bad thing.
Cultural War: Apparently The New York Times has gone off the deep end lately as Archbishop Timothy Dolan, "known for his easygoing demeanor," blasted the paper for offending Catholics, "something they would never think of doing — rightfully so — to the Jewish, Black, Islamic or gay communities" (Archbishop Timothy Dolan gives New York Times hell).
The pot called the kettle black when Green Party candidate Bill Scheurer refused to say the Pledge of Allegiance as requested by the audience, saying "It's not that I opposed reciting the Pledge. I opposed having my actions that evening being dictated by a mob." The venue was an Illinois 8th Congressional District debate at Grayslake Central High School, moderated by Kathy Tate-Bradish of the League of Women Voters, Evanston branch.
When asked if the Pledge would be recited (at a congressional debate in a public high school) she responded "No we are not. That is not part of the proposal tonight." She then displayed her political innocence by chiding the audience for proceeding with the Pledge anyway, especially after just having described the event as a 'proposal'!
WikiLeaks: The fallout continues but apparently Assange, et al., is out of material: "While I am not sure we have achieved the maximum possible (political impact) I think we are getting pretty close" (Wikileaks: UN calls for US to investigate torture claims revealed in leaked reports).
2010 election: Liberals are trying to create a self-fulling prophecy by citing an Atlas Project report, a Democratic consulting firm who analyzed early vote data (Early voting offers encouragement to Democrats), while Conservatives loudly beat the eligibility drum at the U.S. Capitol (D.C. rally boldly blasts Obama as 'fraud').
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