rt ^ | April 26, 2013 22:49
Posted on Sunday, April 28, 2013 2:02:34 AM by Red Steel
New York City police officials intend to expand the already extensive use of surveillance cameras throughout town. The plan, unveiled Thursday, comes as part of a drive for increased security around the US following the Boston Marathon attack.
Today’s Toons 3/29/13
3/29/13 | pookie18
Posted on Friday, March 29, 2013 7:14:30 AM by pookie18
Click on link.
Judge Napolitano: Bloomberg “A Dictator Who Calls Himself The Mayor”
Related Videos | expand
“The other big picture is this limitation on what we can put in our bodies in New York City did not come about after a great debate and a popular movement behind it. This was ordered by a dictator who calls himself the mayor and for that reason, the court invalidated it,” Judge Andrew Napolitano said to Charles Payne on Tuesday on FOX Business.
Magazine ban among five Democratic gun control bills passed by Senate (2 State Sen. Will Not Obey)… “You can still buy the pistol in the state, but…”
Magazine ban among five Democratic gun control bills passed by Senate (2 State Sen. Will Not Obey)
kwgn ^ | 10:28 pm, March 11, 2013, | Eli Stokols
Posted on Wednesday, March 13, 2013 1:28:25 PM by Red Steel
DENVER — After another eight hours of debate, the Colorado Senate passed five Democratic gun control bills Monday.
The fifth and final vote came after four hours of discussion of House Bill 1224, a ban on high-capacity magazines of 15 rounds or more, which passed on a vote of 18-17.
Judge Halts New York City Soda Ban
The Wall Street Journal ^ | March11 , 2013 | MICHAEL HOWARD SAUL
Posted on Monday, March 11, 2013 3:41:19 PM by Hojczyk
Edited on Monday, March 11, 2013 3:45:28 PM by Admin Moderator. [history]
A state judge on Monday stopped Mayor Michael Bloomberg‘s administration from banning the sale of large sugary drinks at New York City restaurants and other venues, a major defeat for a mayor who has made public-health initiatives a cornerstone of his tenure.
Posted on Thursday, March 07, 2013 10:02:43 PM by RetiredTexasVet
Czar Bloomberg cited the injuries caused by the metal and plastic tableware as the primary reason for the ban, although environmental and dietary concerns were also factored in the decision.
Czar Bloomberg cited the statistics and chart developed by Dr. Michael Mann, of Global Warming fame, to support the estimated 20,000,000 injuries each year caused by the offending tableware.
When Dr. Mann was questioned about the data and the methodology used to develop and prepare the chart, Dr. Mann accused the questioners of being “deniers” and “haters of children”. Some reporters noted that the presented chart looked suspiciously similar to the Global Warming “hockey stick” chart but Dr. Mann dismissed it as pure happenstance.
Bloomberg Calls On State To Implement Sugary Drink Ban
CBS News ^ | February 25, 2013 5:03 PM
Posted on Sunday, March 03, 2013 12:47:04 PM by Olog-hai
“The state should do exactly the same thing in stores,” Bloomberg told reporters including WCBS 880’s Rich Lamb. …
New York City Mayor Bloomberg to announce he wants to ban Styrofoam
Fox News ^ | February 14, 2013
Posted on Thursday, February 14, 2013 9:32:46 AM by Pinkbell
New York City Mayor Michael Bloomberg, who has fought against smoking, big sugary drinks and salty food during his tenure, is setting his sights on a new foe: Styrofoam.
Bloomberg plans to use part of his Thursday State of the City address to push for a ban on Styrofoam food packaging. He also will call for initiatives that would increase the number of parking spaces for electric cars and begin recycling more plastics and food waste
Barack Obama, Dianne Feinstein, Michael Bloomberg, Andrew Cuomo, and their cohorts followed Rahm Emanuel‘s advice to “never let a good crisis go to waste” when they used the Sandy Hook shooting to renew their assault on the Bill of Rights. Former Pennsylvania Governor Ed Rendell added, in effect, that one should never let a dead child go to waste if one can exploit him or her for political gain.
“…the GOOD THING about Newtown is, it was so HORRIFIC that I think it galvanized Americans to a point where the intensity on our side is going to match the intensity on their side.”
Will You Submit & Obey?
January 27th, 2013
THE NON-TRUTH ZONE !!!!!
In New York, we have a prequel of what’s to come – the repeal of the Second Amendment and summary criminalization of peaceful citizens merely for possessing the means of self-defense, even in their own homes. As in Great Britain, citizens of NY face prison if they use proscribed weapons against murderous thugs – even in their own homes. The tyrants Michael Bloomberg and Andrew Cuomo have made their decision. Now New Yorkers will have to make theirs. And so will the rest of us – if, as seems likely, the federal tyrants succeed in issuing a New York-style fatwa that applies to the rest of the country. Which brings us to the question:
What will you do?
Yet this public official – whose ire in recent years has targeted firearms, salt content, fatty foods, and large-sized soft drinks – is now moving to dictate how doctors should be allowed to issue prescription drugs for their patients.
Bloomberg’s limits on the power of doctors who practice…………
A national initiative aimed at curbing gun violence was launched by former US. Rep. Gabrielle Giffords and her husband, Mark Kelly, on Tuesday — the second anniversary of the shooting that killed six people and left her critically injured.
A new campaign website, Americans For Responsible Solutions, promised to “launch a national dialogue and raise funds to counter influence of the gun lobby.”
The couple last week visited Newtown, Conn., where a gunman opened fire in an elementary school, killing 20 children and six adults in December. They also met with New York City Mayor Michael Bloomberg, a gun control advocate.
by Doug Book, staff writer
Once cowed at the thought of provoking 2nd Amendment supporters, leftists will soon attempt to ban “assault weapons” (and much more) as legislation offered by Diane Feinstein makes its way to the Senate floor. It seems that DC liberals have finally become convinced that American gun owners are too cowardly, too lazy or too dependent upon the generosity of Big Brother to fight for their 2nd Amendment rights.
During the past 4 years, the gun banning left have watched as American buyers broke sales records in the purchase of semi-automatic rifles. Opting for these and other powerful, efficient weapons it is estimated that some 100 million private citizens are now in possession of over 300 million firearms. And these numbers continue to grow with each passing month.
Yet it’s against this backdrop of America’s unprecedented determination to assert the fundamental permanence of 2nd Amendment guarantees that Diane Feinstein, Michael Bloomberg, Barack Obama and others will choose to implement gun bans, demand the federal registration of firearms, even legislate outright confiscation.
YouTube/ABCnews ^ | 21 December, 2012 | Bloomberg
Posted on Sunday, January 06, 2013 6:09:03 PM by marktwain
“The NRA could have chosen to be a voice for the vast majority of its own members who want common-sense, reasonable safeguards on deadly firearms, but instead it chose to defend extreme pro-gun positions that aren’t even popular among the law-abiding gun owners it represents.”
Prison Planet.com » Lanza, Bloomberg, Obama, guns, psychiatric meds, and mass hypnosis: the TV script
Apart from grandstanding, which Bloomberg knows how to do, this is all about deflection from the main event: the killer himself.
Last night, I watched network coverage, wherein, of course, the anchors were in Newtown, standing n the street, “trying to make sense of the whole thing.”
If they’re so interested, along with the public, in figuring out why Adam Lanza killed all those children, you would think, with their enormous resources, they would find out who Lanza’s doctor-psychiatrist was in five minutes and ask him about his patient.
Of course, that’s sacred ground. Patient-doctor confidentiality.
Prison Planet.com » Is Hurricane Sandy Overhyped?… (“Lew Rockwell Blog | The gov’t can never let a good (potential) crisis go to waste in order to take control.”)
We’re all gonna die in the “Frankenstorm.” Or so New York City’s rulers want us to fear. Nanny-sorry, Mayor Mike Bloomberg has warned us of the dire weather over and over: maybe he not only deems us stupid but hard of hearing, too. He’s also dispensed such insultingly obvious advice as “remain calm” — even as he tries his hardest to scare the pants off us.
Thursday, after the city’s board of health formally prohibited restaurants from selling sodas larger than 16 ounces after March 12, 2013, organizations around New York City said they would consider suing the city to get the ban overturned.
Paul Joseph Watson | While claiming otherwise, White House has pushed for measure all along.
Mike Adams | Ah, the hilarity of the nanny state knows no bounds, it seems.
Articles: Will Obama Keep Power ‘by Any Means Necessary’? (“Let’s go there: if Obama thinks he’s losing, will he allow safe and fair elections on November 6? And if he does lose, will he peacefully turn over power to Mitt Romney on January 20, 2013? Or will he cling to power “by any means necessary,” as a highly placed insider alleges?”)
Let’s go there: if Obama thinks he’s losing, will he allow safe and fair elections on November 6? And if he does lose, will he peacefully turn over power to Mitt Romney on January 20, 2013? Or will he cling to power “by any means necessary,” as a highly placed insider alleges?
The “Domain Awareness System,” aside from its blatantly Orwellian name, is a super surveillance database possible through a partnership between Microsoft and the city of New York.
When people such as Little Big Gulp Bloomberg propose some new nanny-statelaw, they often express the hope that “it will become a model for the nation.” But forget about aping sprawling metropolises such as the
You Didn’t Fil-A That: Chicken fight is only round one by Daniel Clark
Democrat mayors across America have evidently gotten the memo from party headquarters.
you own a business, it’s not nearly as much yours as you think it is. Your property only exists thanks to a collective effort, thereby rendering it communal property.
Prison Planet.com » Why Are Republicans Calling To Disarm The American People? (“While the federal government is arming itself to the teeth against conservatives”)
While the federal government is arming itself to the teeth against conservatives
The recent deluge of attacks against the second amendment were completely predictable in the aftermath of the Colorado massacre,
but what perhaps wasn’t so expected was the fact that a lot of them have come from so-called Republicans.
Although normally aligned with the right to keep and bear arms, over the last week numerous self-proclaimed conservatives have proven themselves to be wolves in sheep’s clothing.
The most recent rhetorical assault on gun rights came yesterday courtesy of Reagan appointee and so-called intellectual anchor of the Supreme Court’s conservative wing, Justice Antonin Scalia.
A longtime opponent of the right to self-defense, Bloomberg told a CNN interviewer that police have a moral duty to rebel against the civilian population if they don’t cede their remaining gun rights to the state:
I don’t understand why the police officers across this country don’t stand up collectively and say, ‘We’re going to go on strike. We’re not going to protect you. Unless you, the public, through your legislature, do what’s required to keep us safe.’
This wasn’t a political argument for “gun control” legislation. Bloomberg went on national television and demanded a military coup against a civilian government he deems insufficiently authoritarian. Like Adolf Hitler before him – and yes, I’m going there – he used the Aurora mass murder as a call to arms for his own version of the Beer Hall Putsch.
Hours after last Friday’s massacre in Aurora, Colo., New York Mayor Michael Bloomberg demanded that the two major parties’ presidential candidates explain how they plan to prevent such senseless outbursts of violence.
“No matter where you stand on the Second Amendment, no matter where you stand on guns, we have a right to hear from both of them concretely,” Bloomberg said in a radio interview. “What are they going to do about guns?”
Gun Control: The gun-controlled Windy City is on a pace to have 450 murders this year, an Aurora every 10 days. Meanwhile, the mayor of New York ignores his own body count to say the police should go on strike.
I don’t understand why the police officers across this country don’t stand up collectively and say we’re going to go on strike,” New York Mayor Michael Bloomberg told CNN’s Piers Morgan. “We’re not going to protect you unless you, the public, through the legislature, do what’s required to make us safe.”
gun control legislation which would allegedly make them safer is enacted. Bloomberg:
(Video can be found here.)
Well, I would take it one step further. I don’t understand why the police officers across this country don’t stand up collectively and say we’re gonna go on strike, we’re not gonna protect you unless you, the public, through your legislature, do what’s required to keep us safe…..
- Colorado Shooter Likely Got Guns With Ease (thenation.com)
- Bloomberg To Obama, Romney: Man Up On Gun Control (tpmdc.talkingpointsmemo.com)
- Colo. shooting re-ignites gun control debate (cbsnews.com)
- The Screams You Didn’t Hear (markamerica.com)
- Mayor Bloomberg Slams Tea Party Congressman For Gun Comments (thinkprogress.org)
- Bloomberg Needs To Plug Police Locker Room Loophole, Says CCRKBA (canadafreepress.com)
- NYC Mayor Bloomberg on gun control (cbsnews.com)
- Read nanny Mayor Bloomberg’s full demand for gun control (theblaze.com)
- In Wake Of Shooting, Gun Control Debate Re-Emerges (newsy.com)
- Bloomberg: Obama ‘Has Spent The Last Three Years Trying To Avoid The Issue’ Of Gun Control (mediaite.com)
Political opportunists seize upon tragedy to attack second amendment
Within hours of the tragic ‘Batman’ shooting in Aurora, Colorado, political opportunists have seized upon the incident to push for gun control, with New York Mayor Michael Bloomberg demanding that both Mitt Romney and Barack Obama “stand up and tell us what they’re going to do about” mass shootings.
New York City Mayor Michael Bloomberg, who has emerged as one of the nation’s highest-profile supporters of gun control, demanded on Friday that the presidential candidates “stand up and tell us what they’re going to do about” mass shootings.
OBAMA HAS NO LAW LICENSE, NOR DOES MICHELLE.
Alamo City Pundit ^ | MAy 15, 2009 | Johnnny Alamo
Posted on Friday, July 06, 2012 11:52:22 AM by MrChips
I saw a note slide across the #TCOT feed on Twitter last night that mentioned Michelle Obama had no law license. This struck me as odd, since (a) she went to school to be a lawyer, and (b) she just recently held a position with the University of Chicago Hospitals as legal counsel — and that’s a pretty hard job to qualify for without a law license. But being a licensed professional myself, i knew that every state not only requires licensure, they make it possible to check online the status of any licensed professional. So I did . . . MORE
CNN) – With the under-construction One World Trade Center fast approaching its final height, President Barack Obama visited the New York tower Thursday to get an update on its growth and help prepare one of the finishing touches.
Ah, the hypocrisy of the Left. Former Vice President Al Gore travels the world in a private jet to lecture everyone else on reducing carbon emissions. First Lady Michelle Obama tells people to eat veggies while she and her husband consume burgers, fries, cheesesteaks, and ice cream. And New York Mayor Michael Bloomberg, trying to ban super-sized sodas on the theory that doing so will curb obesity, gives away free soda in unlimited quantities to employees of his media conglomerate, Bloomberg L.P.
“Excuse me,” I asked, “but who exactly is ‘we’…? I certainly didn’t come into this world born with a burden prevent obesity. And I’m pretty sure nobody else signed up for it either.”
The big news out of New York City these days is Mayor Mike Bloomberg’s proposed ban on the sale of soda drinks over 16-ounces (about 1/2 liter) at restaurants, movie theaters, sports stadia, street carts, fast food chains, etc.
schiz·o·phre·ni·a – a state characterized by the coexistence of contradictory or incompatible elements.
By now most people have heard about New York City mayor Michael Bloomberg’s battle to ban Big Gulps in the Big Apple. According to the Bloomberg’s Health Commissioner, Thomas Farley:
We have a crisis of obesity. People often go with the default choice, and if the default choice is something which is very unhealthy and is feeding into that health crisis, it’s appropriate for the government to say, “No, we think the default choice should be healthier.”
First lady Michelle Obama tells the Associated Press that she wouldn’t want a federal ban on big sugary drink, but applauds Mayor Michael Bloomberg’s effort to fight obesity:
First lady Michelle Obama tells the Associated Press that she wouldn’t want a federal ban on big sugary drink, but applauds Mayor Michael Bloomberg’s effort to fight obesity:
How did America’s free and opportunity laden society produce these endless authorities who deems as their purview our total lives?
I mean, who died and left this crack pot mayor in New York City with not only the keys but a deed over everyone’s personal conduct? His latest outpouring of unbridled authority came with his assessment that, “The percentage of the population that is obese is skyrocketing. We’ve got to do something.” This man is in need of a permanent “time out.”
While this trespass into our private affairs is infuriating and obviously over the limits of any elected office, his mindset personifies the degree of control which is in store for our Country if these elitists continue to be elected………..
Judge Napolitano: Bloomberg’s Ban on Large Sugary Drinks ‘Will Never See the Light of Day’rightnewz ^ | 5/31/12 | napolitanoPosted on Thursday, May 31, 2012 12:44:47 PM by Talkradio03
Judge Andrew Napolitano: Mother bloomberg is a meglomaniac if she thinks she can take away the free choices and make those choices for us. He lacks that authority under the constitution and under the laws that govern him…
Stand Your Ground makes sense
Posted on Wednesday, April 25, 2012 6:03:45 AM by richardb72
This is a gross exaggeration — a slander, in fact, against legislation designed to reform a flaw in our treatment of self-defense. Earlier statutes affirmatively required potential victims to retreat as much as possible before using deadly force to protect themselves, sometimes putting their lives in jeopardy.
New York City Mayor Michael Bloomberg told The Daily Caller that he is outraged that TheDC would bother to ask a question regarding the $10,000 “dead or alive” bounty that the New Black Panther Party has issued for George Zimmerman.
Bloomberg spoke at the National Press Club Wednesday about the Trayvon Martin case and “stand your ground” laws and became visibly upset when TheDC asked him about the bounty on Zimmerman.“I don’t know that to be the case,” Bloomberg retorted about the bounty. “Anybody who puts a bounty on somebody else’s life is acting totally inappropriately. I’m sure it’s illegal, must be illegal. I’m outraged to even be asked the question. Whadya think?”“I didn’t even know about it until you just told me, thank you very much,” he said angrily. “I appreciate the information.
The Blaze ^ | November 17, 2011 | Madeleine Morgenstern
Posted on Wednesday, November 23, 2011 2:17:14 PM by 2ndDivisionVet
Van Jones offered a prediction Wednesday for those who have been watching the Occupy Wall Street movement: “You haven’t seen anything yet.”
The former Obama administration “green jobs czar” — an ardent supporter of the Occupy movement since its inception — said in an interview with CNN that the movement is ready to evolve into the areas of politics and policy-making, much like the Tea Party did in 2010.
“You’re going to see an evolution now as you go from protests, keep the protests, but now expand into politics,” Jones said. “And if you thought there was an earthquake in 2010 when the Tea Party moved into politics, wait until this 99 percent movement moves over into politics. You haven’t seen anything yet.”
Last month sixteen cops were arrested for their alleged roles in a wide-spread ticket-fixing ring within the NYPD, and some attempt to downplay the charges as mere professional courtesy rather than egregious criminal behavior.
* * *
The failure of many police even to comprehend the seriousness of the ticket-fixing allegations perhaps is emblematic of a culture of corruption within the NYPD, and could explain a broad array of more serious misconduct allegations that has plagued the department in recent months: planting drugs on innocent people to meet arrest quotas, covering up crimes in some cases and making false arrests in other cases as favors to friends, and smuggling guns, shaking down drug dealers or robbing others for fun and profit.
By this time, everyone should be aware of the federal policies that precipitated the housing bubble and its collapse — the push by Congress and two administrations to push higher-risk lending in order to expand home ownership, as well as the effort by Congress to get Fannie Mae and Freddie Mac to spread that risk through mortgage-backed securities. While Wall Street made the situation worse by developing risky derivatives on those securities and failed to recognize the risk inherent in the securities themselves, the collapse wouldn’t have occurred at all had the federal government not intervened to distort lending for their own social-engineering goals.
Michael Bloomberg tried to explain that to Occupy Wall Street protesters this morning, and pointed out the contradiction between their protests and their demands:
Posted on Thursday, October 13, 2011 11:02:44 PM by Beckett08
Breitbart: I Have E-Mails Showing Organized Plan For #OccupyWallStreet Protests To Destabilize Government
(Excerpt) Read more at breitbart.tv …
The sister-in-law of John Podesta, President Obama’s influential White House transition director, served as the lobbyist for a wind power firm that was just awarded a $135.8 million loan guarantee from the Department of Energy.
Read about the “ballot box stuffers,” “urban terrorists,” “gangsters” and others who make up “Obama’s favorite community organizing group,” in “Subversion Inc.”
Last month, the grant was finalized to build the 99 megawatt Granite Reliable wind project in New Hampshire’s Coos County, making it the state’s largest wind plant.
Seventy-five percent of the new wind project is owned by BAIF Granite Holdings, which was created earlier this year by Brookfield Renewable Power, a subsidiary of Brookfield Asset Management of New York.
Since 2009, Brookfield has been represented by the lobby firm Heather Podesta and Partners, LLC.
Podesta, a top financial bundler for Democrat politicians, is wife of lobbyist and art collector, Tony Podesta, who is the brother of John Podesta.
(Story continues below)
While the mayor and I disagree on most things, he might be onto to something here.
I recently opined that I couldn’t figure out why America’s young people were not already rioting because of the stacks of debt being foisted on their backs by a government that would rather borrow and spend than live within its means.
Young people are starting to figure out that our president conned them in the last election, claiming that he could fix everything, make the world safer, create jobs, provide for everybody, redistribute earnings, coddle the unemployed, etc. With many college graduates having to move back in with their parents, young people are beginning to understand that the president’s policies are anathema to job creation in the private sector.
I remember the riots of the 1960s over the Vietnam War and race relations. Young people back then were socially aware, on the surface, of the conditions that were impacting their lives. The differences between the protesters of the 1960s and the void of angry young people today are stark.
Where are the protests by today’s unemployed and underemployed young people? Why aren’t they demanding answers to fundamental questions about their future? Why aren’t they yelling that hope and change was a con job? Why aren’t they demanding answers to the reality that their generation will be the first in the history of America not to have a future at least as good as what their parents enjoyed?
Who knows? Maybe they can’t break away from playing computer and video games long enough to look around at their condition and the condition of America…..
(Excerpt) Read more at washingtontimes.com …
National radio host Rush Limbaugh responded to New York Mayor Mike Bloomberg’s warning that there would be civil disobedience on the streets of America if unemployment figures continued to rise by claiming that President Obama wants to see riots so that he can politically exploit the chaos that would ensue.
Bloomberg said Friday that rising unemployment and poverty in the United States is raising the likelihood of riots similar to unrest that has gripped Europe over the last 18 months.
While deflecting criticism from Obama for presiding over a 9.1 per cent unemployment rate (the real figure is much higher), Bloomberg stated, “The public knows there is something wrong in this country, and there is. The bottom line is that they’re upset…..you don’t want those kinds of riots here.”
Limbaugh was quick to respond on his nationally syndicated radio show, labeling the New York Mayor “Doomberg,” and slamming him as “an order of fries short of a Happy Meal,” for believing that Obama’s jobs plan could remedy the crisis and asking him how many jobs would be created instantly if the US enforced its immigration laws.
Limbaugh then controversially suggested that the Obama administration was anticipating riots and would in fact welcome them.
“Now, I can’t remember if I said this on this program or just to friends, but I know I’ve said it to friends. You’ll have to recall yourself whether I’ve said this on the radio or not, but over the last two years, I myself have said that before all is said and done there’s gonna be riots in this country over this stuff, and Obama wants it, not gonna be upset by ‘em. Chaos, it’s all part of the continuing chaos,” said Limbaugh.
In charging that Obama wants to see riots and chaos on the streets of American, Limbaugh is insinuating that the administration plans to exploit the disorder so that the American people as a whole demand stability and more big government.
* A d v e r t i s e m e n t
The likes of Gerald Celente and Infowars have been warning about the onset of riots for years, but Ron Paul recently reiterated the threat, noting that the federal government was preparing for a “breakdown in law and order”.
“You can have a breakdown of law and order so the people will unfortunately be begging for stabilization, and they’ll be inviting the federal government to come in and destabilize things, so I think they’re making plans along those lines,” said the Texas Congressman.
Authorities are already gearing up for violent unrest following last month’s riots in the United Kingdom. High-tech guard towers designed for “crowd control” in times of civil disobedience are now popping up on American streets, while police departments across the country are being trained to deal with rioters.
Planners at the military level have also been quietly preparing for mass unrest for several years.
In November 2008, right as the economic implosion was unraveling, the U.S. Army War College released a white paper called Known Unknowns: Unconventional ‘Strategic Shocks’ in Defense Strategy Development. The report warned that the military must be prepared for a “violent, strategic dislocation inside the United States,” which could be provoked by “unforeseen economic collapse,” “purposeful domestic resistance,” “pervasive public health emergencies” or “loss of functioning political and legal order.” The “widespread civil violence,” the document said, “would force the defense establishment to reorient priorities in extremis to defend basic domestic order and human security.”
As we reported three years ago, U.S. troops returning from Iraq were being re-allocated to occupy America, running checkpoints and training to deal with “civil unrest and crowd control” under the auspices of a Northcom program that revolved around deploying 20,000 active duty troops inside America to “help” state and local officials during times of emergency.
The date set for the completion of this program was 2011.
Having created an economic depression, the same government then threatened the end of the world as we know it unless we all acquiesced in giving trillions of dollars to the financiers of the Democratic and Republican parties, the big Wall Street banks. More than 70 percent of the public opposed this according to opinion polls which, during the presidential campaign, were treated as Holy Gospel by the media and Washington elite. When billionaire New York City Mayor Michael Bloomberg sued the Fed to learn who, exactly, the money was given to, the federal courts essentially gave him a great big middle finger and told him to get lost.
During the 1970s many American pundits ridiculed the British practice of bailing out failing industries because it caused “the British Disease,” i.e., a grossly inefficient and uncompetitive economy. Subsidizing business failure breeds more failure. We are now doing the same thing, but many orders of magnitude greater. The most egregious example of this disastrous policy is the billions of tax dollars promised General Motors and Chrysler and their productivity-destroying unions.
Economists used to fear inflation