Newsmakers...

Doug Hoffman:

• Independent candidate winning in the district 23 special elections in upstate NY, against a liberal and a liberal republican.
• Recent polls have Hoffman leading the race at 31%, followed by the democrat at 27% with one week to go.

Barney Frank:

• Death Panels for Non-Financial institutions
• Not considered too big to die – Small business

Joe Biden is cutting ribbon in Detroit, ops I mean Deleware for a GM Plant today.  It only happens to be his home state.

Velocity of Money – Money from treasury -> Bank -> Consumer:

• 1970’s USA increased the money supply – inflation was 2 year behind.
• Using that model, inflation would hit in 2011
• Paul Volker, the Fed Chairman at the time, raised interest rates to 20%
• Inflation was 13%
• 2010 – We have inflated our money supply by 120 %
• What would the rate be to pull the money back in.
• There will be a rush into gold – value of Gold could go up to $5,000 to $10,000 a once.
• Double digit inflation

A sign of the times, there are school districts that does not believe in giving zero. Lowest score you can get is a 50%.

Iceland got rid of all McDonalds

• Their monetary system collapsed.
• Can no longer afford to import the meat and cheese.

Nancy Pelosi was asked where in the Constitution “does the Constitution give the authority to provide universal health care?”  Not suprising there was no answer.

NY Times Editorial – “Yes We Can”

• The Climate Change summit in Copenhagen, will make us change personal lifestyle choices and change global economies
• Lord Stern - Meat is a waste of water – we should adopt a vegetarian lifestyle. Meat eaters put a great strain on world’s resources.
• What is the primary source of protein – beans (Soy, ect)
• We must think as global citizens

Claire McCastkill – Missouri

• Of 36 Czars only 30 have any real power
• It began with a rant from Glenn Beck
• We should look at her voting record
• If we don’t like her record, we would have every right to “fire” her.

Baukis Health Care Bill

• The government will cut the doctor pay at least 5% if they provide more care then deemed medically necessary (Death Panel)
• This practice was in play back in the early 1990’s – however it was outlawed as it was deemed too dangerous to patients care.
• States 12 million people would “choose” the public option.
• Taxpayers in states who opt out still have to pay for everyone else.

Alan Grayson – Calls Lobbyist a Whore.

SEIU thugs beat up black man.

Tim Gitner – will use TARP money that is left over (278 billion dollars) as he sees fit to invest. Originally the TARP money was to be repaid to the tax payers.