Crisis and the Iowa Straw Poll and GOP Candidates

As we near the Iowa Straw Poll and another GOP debate after the somewhat disappointing announcements (for many) of the first 9 members of the Super Congress Committee by Reid (whose 3 nominees equal 83-yrs in Congress), McConnell, and Boehner.. Just waiting on Pelosi; Europe is burning as they ask us what our plan is; and people like Judge Andrew Napolitano, political commentator/author Mark Steyn and respected blogs like the American thinker are saying things like:

Steyn:

The government is losing well over $1 trillion annually. This is a classic ponzi scheme.

I think 1768, where the French government was using 60% of their annual revenue just to service their debt – and, he said, you know how that worked out.

The Emperor has no clothes…

That’s right, we’ve finally heard someone on television point out the nude emperor of U.S. Treasuries! Perhaps a few, maybe a dozen, of those clueless people who just want to “get the guy from their party elected” will start to realize (light breaking through clouds, cue music) that the Federal government IS LIVING WEEK TO WEEK – IT HAS NO CASH OTHER THAN WHAT IT RECEIVES. And it needs 50% more than it receives, so it borrows that. With no intention of EVER paying back the principal !!!!!!!

Video: America is over-invested in delusions!

Judge Napolitano:

…previously very ably described how we certainly need a return to free markets and an end to government meddling in markets.

American Thinker:

The urgency of reversing this index cannot be overstated; the United States is firmly on the path of becoming the most massive economic and financial failure in the history of mankind.

Thursday night might be the night for the GOP candidates participating in this straw poll and debate to make their mark or be counted out.  And this crisis may be the mark for those still debating on their decision including Rick Perry, Sarah Palin, John Bolton and even some who keep saying they aren’t running like Chris Christy and Paul Ryan (who was not chosen by Boehner for a Super Congress seat) to throw their hat(s) in the ring?

Yesterday Bernanke caused the Wall Street to rally by announcing that ‘since the economy will be sluggish, under statement of the Century, for the next two years the Feds will (artificially) keep interest rates low.  Well that worked well… not!!  They were back down by 519.36 last I heard.

Cartoon-Dominoez-ALG-600

We are beginning to see a domino effect!

· Stocks sink as Europe fears return

Wednesday, August 10, 2011 11:11:26 AM · by AAABEST · 16 repliesCnn Money ^ | August 10, 2011 | By Hibah Yousuf

NEW YORK (CNNMoney) — U.S. stocks fell sharply in early trading Wednesday, following the previous session’s huge rally, as fears about Europe’s ongoing debt crisis resurfaced. The Dow Jones industrial average (INDU) dropped 325 points, or 2.9%. The index fell as much as 446 points, which exceeded the gain in Tuesday’s massive advance. [SNIP] On Wednesday, shares of French bank Societe Generale, or SocGen, tumbled almost 20% on the Paris stock exchange amid speculation that France may be first to face a rating cut. [SNIP] The major indexes have been swinging between massive gains and losses during trading, and ending…

· Sarkozy gives ministers debt deadline

Wednesday, August 10, 2011 11:03:29 AM · by Oldeconomybuyer · 3 replies  – Financial Times ^ | August 10, 2011 | By Peggy Hollinger in Paris

Nicolas Sarkozy, the French president, has given his finance and budget ministers one week to come up with new measures to cut France’s crippling debt burden as concerns mount over prospects for growth and the country’s ability to meet its deficit reduction targets. On Wednesday Mr Sarkozy summoned members of his government back from holiday for an emergency meeting on the current financial turmoil. In a statement after the two hour meeting in the Elysee Palace in Paris, Mr Sarkozy said France’s pledge to reduce the budget deficit from last year’s 7.1 per cent to 3 per cent by 2013…

· Run On Societie Generale Begins? Bank Down 17% On Rumors It Is On The Verge (Is France Next?)

Wednesday, August 10, 2011 11:31:20 AM · by SeekAndFindZero Hedge ^ | 08/10/2011 | Tyler Durden

Update: SOCGEN NOT IMMEDIATELY AVAILABLE FOR COMMENT: RTRS.Following earlier news that French CDS hit a record high on a rumor of an imminent French downgrade, the bloodbath in financials, first started in Italy, with 3 consecutive halts in Intesa causing endless headaches for Italin investors, the red tide has now shifted over to France, where SocGen, three years after fooling the Chairsatan that the world was ending and pushing him to cut rates by an unprecedented 0.75% on what was a trader error, now succeeded in getting the chairsatan to extend  ZIRP for two years… And still that is…

· Goldman Sachs Goes Short The US Dollar On QE3

Wednesday, August 10, 2011 11:18:29 AM · by SeekAndFind · 1 replies  -  Zero Hedge ^ | 08/10/2011 | Tyler Durden

Yesterday Goldman finally made it clear that Bill Dudley’s marching orders are given: QE3 or no soup for you. Well, it didn’t take long for the order from top to hit Goldman’s FX desk, which has just issued this logical note: “Going short the USD on additional Fed easing.” Odd, no easing has yet been announced, and according to so many none will come. But Goldman said so. So it must be. From Thomas Stolper: We have long argued that structural imbalances in the US will lead to more Dollar weakness. There are two main transmission channels: First, the current…

· European financial crisis: Germany shows signs of slowdown (The Euro’s savior might need saving)

Wednesday, August 10, 2011 11:07:13 AM · by SeekAndFind · 3 replies  -  Washington Post ^ | 08/10/2011 | Suzy Khimm

Germany’s robust economy is showing signs of a slowdown, raising fears that the linchpin holding together Europe’s fragile financial health could be weakening. On Tuesday, the country revealed that its exports in June rose by only 3.1 percent, compared with a 20.1 percent increase in May, marking the smallest increase in 16 months. A few days earlier, an index of German manufacturing activity dropped from 54.6 in June to 52 in July — the lowest level since October 2009, marking the third consecutive month of declines. “The fact that [the German economy is] showing signs of faltering and sources of…

· Sen. Paul pushes for vote of no confidence in Geithner

Wednesday, August 10, 2011 9:29:59 AM · by caroline2005nc · 5 replies  -  The Daily Caller ^ | August 10, 2012 | Matthew Boyle

Kentucky Republican Sen. Rand Paul announced early Wednesday morning that he plans to push the Senate to hold a vote of no confidence in Treasury Secretary Tim Geithner. Unlike in the United Kingdom’s Parliament, where a no confidence vote would remove him, a U.S. Senate vote of no confidence would be a symbolic measure that sends a signal to the president. “The stock market gave a vote of no confidence to Timothy Geithner yesterday and for the past 11 days,” Paul said in a statement. “Geithner has shown no acumen in predicting, diagnosing, or treating America’s economic woes. The time…

Video:  Congressman Ron Paul:  “This is Probably A Bigger Problem Than the World has Ever Face Before

Rome is Burning… and our Emperor is going on vacation (Martha’s Vineyard) and asking for more stimulus money after our credit rating downgrade.  His wife went on a previously unannounced vacation in Oregon instead of greeting the families and remains of fallen Seal Team 6, and Obama and his party are blaming the tea party (made up of Main Street Americans who probably prevented us from being downgraded to a BBB instead of just AA+) for their blunders and over-spending and too many of We the People are still buying it.  The reality is that Obama has done his job well… The USA Is All But Destroyed

 > Time to take another look at the Beck’s Timeline for the fall of the dollar <– We may be closer than we thought?!?

America is dying for leadership. If we don’t get it, the America we know will just die.

Ask Marion~ – h/t to Jean Stoner & Tolline Enger

Don’t forget to tune in to Fox News Channel on Thursday 8.11.11 at 9p ET as Bret Baier moderates the Iowa GOP debate.

About Ask Marion

I am a babyboomer and empty nester who savors every moment of my past and believes that it is the responsibility of each of us in my generation and Americans in general to make sure that America is as good or even a better place for future generations as it was for us. So far... we haven't done very well!! Favorite Quotes: "The first 50 years are to build and acquire; the second 50 are to leave your legacy"; "Do something that scares you every day!"; "The journey in between what you once were and who you are becoming is where the dance of life really takes place".
This entry was posted in Economy and Money, Knowledge Is Power, News and politics, Politics, Self-Reliance, Preparedness and Survival and tagged , , , , , , , , . Bookmark the permalink.

One Response to Crisis and the Iowa Straw Poll and GOP Candidates

  1. Currently these are the 12 contenders for the presidential candidacy, regarding one of the highest issues that will hit the campaign trail for 2012. Chris Christie present Governor of New Jersey has not decided on this path yet. The majority of competitors will debating about jobs, the economy, foreign policy and many other issues in Ames, Iowa straw poll. There is dilemma that we cannot escape from, as it causing a major displacement of working Americans. According to a report there are an estimated 8 million illegal workers in mostly low income jobs throughout the United States, yet 14 million Americans have little chance of finding work in this dark recession. Even so with these figures in mind, the left still wants to enact an amnesty that could cost according to the Heritage Foundation 2.6 Trillion dollars. We hear almost every day from the Liberal academia, which by passing an amnesty, including a covert amnesty called the Dream Act that the economy will grow.

    How can this be, when analysts within (FAIR) Federation of American Immigration Reform that federal costs are designated at $113 Billion dollars a year and this is exempt from what states are also paying out. The Sanctuary State of California and its Liberal legislators have transformed the State in a haven for illegal alien families and carry’s a hefty price tag of $21 Billion. Rep. Michele Bachmann (R-MN) has the best grade for her stand on the illegal immigration major problem and should cite illegal Immigration as a one of the causes of Unemployment. VDARE.com’s Ed Rubenstein has been monitoring immigrant displacement of American workers since 2001. Here I want to show more evidence that immigration is linked to high unemployment .http://www.vdare.com/rubenstein/041116_nd.htm

    This is a appraisal of competing lawmakers on their stance about illegal immigration from NumbersUSA.

    Michele Bachmann, U.S. Representative from Minnesota (B- ); Tim Pawlenty, former Governor of Minnesota (C+) ; Herman Cain, former Federal Reserve banker and businessman from Georgia (C-) ;Mitt Romney, former Governor of Massachusetts (D) ; Sarah Palin former Governor of Alaska ( D) ; Rick Perry Governor of Texas (D-) ; Jon Huntsman, Jr., former U.S. Ambassador to China and former Governor of Utah (D-) ;Newt Gingrich, former U.S. Speaker of the House of Representatives from Georgia ( D-) Rick Santorum, former Senator from Pennsylvania ( F ) ; Gary Johnson, former Governor of New Mexico (F ) ;Ron Paul, U.S. Representative from Texas ( F) ; Chris Christie Governor of New Jersey. (F) ; Barack OBama, Present President from Illinois ( F-)

    Here is an example of expenditures in the small state of Rhode Island that has a limited state budget but still burdened with illegal aliens. Because of the 14th Amendment, children born in the United States get instant citizenship. This is something that has become comparable to the free education and free uninsured health care that taxpayers are the recipients taxed.

    This is truly stomach churning when citizens and legal citizens have no jobs, but have a family to feed. This is encouragement on a grand scale, which epitomizes the major problem inherited from previous administrations and leftist activists in the court system? Each year it’s so estimated that 300.000 pregnant women slip past the border patrol, with another 40 percent entering America with tourists and students.

    The fact is that it’s perfectly legal for a destitute, pregnant illegal alien, who presents herself as such, to receive state aid in Rhode Island. As Rep. Peter G. Palumbo (D-RI) reported, if pregnant illegal aliens show up at a Human Services office in Rhode Island, they are given the option of Blue Cross, United Healthcare, or Neighborhood Health insurance. They also receive a $450 a month debit card, and $275 a month in food stamps. According to Palumbo, the extension of such entitlement programs to illegal aliens is costing the state approximately $150-$350 million a year.

    Think of the cost nationwide, specifically in Liberal controlled capitols such as Sacramento, California where the cost monthly is beyond understanding. Return to a Democrat House and senate, with Liberal entices, would bring us even more entitlements forced from Americans in taxes, to pay for the invading aliens. Rep. Michele Bachmann will end these travesties to our laws, halt small clandestine amnesties, Dream Acts, sanctuary cities and States and return this nations sovereign government to the people. Learn more to make your vote count in the Ames Straw poll and forward to the 2012 election. Many voters think there one vote doesn’t count, but your State and federal Representative wants that vote. Call them and tell them you want an end to the illegal immigration occupation. Investigate for yourself the costs and statistics unresolved problem at NumbersUSA, American Patrol, Judicial Watch and VDare.

    The TEA PARTY has become an immense grassroots movement of tens of millions of one- mind Americans from all racial and religious backgrounds, political parties, no matter what the adverse pundits say? The TEA PARTY members share the focused philosophy of limited government, individual freedoms, personal responsibility, “fair” free markets and above all else returning power to the States and the people. The TEA PARTY is about reforming all political parties and control, so the key principles of our Constitution, once again is the foundation of which this nation stands.

    MY EARLIER BLOGS: http://brittanicus-enoughisenough.blogspot.com/

    No Copyright. Distribute Freely.

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