How Agriculture Subsidies Distort Food Prices

Note: This is a revision of a previous article that was entitled “Falling Prices: Why is Food Not Part of This Trend?”. The author has made the revisions to reflect the fact that crop commodities are in fact deflating, while maintaining that agriculture subsidies did in fact play a role in pushing the prices artificially high, prior to the current correction.

David Walker: Who Will Bailout The Budget

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David Walker says we are much worse off now than even a year ago and that although “something needs to be done” in regard to the crisis, we are not doing a very good job.

Fred Thompson Gets It Right On Crisis

Fred Thompson- the guy who consistently had NYT photos of him on the campaign trail giving campaign stumps to rooms of a couple dozen elderly people, half of whom were often sound asleep- has now started up a Political Action Committee. On the front page of his website he has posted a several minute commentary on the economic mess, talking about both how we got here and where we are going. He pushes his ideals out quite well using dry humor. Check out the top video.

National Bureau of Economic Research: U.S in Recession

From CNN Money:

The NBER is a private group of leading economists charged with dating the start and end of economic downturns. It typically takes a long time after the start of a recession to declare its start because of the need to look at final readings of various economic measures.

The NBER said that the deterioration in the labor market throughout 2008 was one key reason why it decided to state that the recession began last year.

So some major economic think tanks are recognizing that we are indeed in a recession - when many of us knew it was coming in mid-2007, or earlier - thanks to people like Ron Paul and Peter Schiff.

Bush, The Invisible Man

While it is has been reported on by multiple news organizations for months and its the little secret everyone inside the beltway knows— I still found this interesting. The sitting GOP Leader - President George W. Bush has yet to make a single campaign appearance this year for a federal Republican candidate. While most of us believe the Bush legacy will be tainted in some fashion, this is just another example of to what extent. MSNBC Reports Below:

America 2008-2012: Obama, You Want it? You Can Have It

Thats right. Barack Obama, I oppose most of what you stand for, especially your economic policies. Unless you are talking about Iraq or civil liberties I really do not find any of your policy stances likable, and even then I generally do not approve of your approach to the problems. You have taken a stand against upper middle class families who have worked their way to the top, yet you also stand with the various corporate interests.

Barney Frank: Plenty of rich people that we can tax

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Love him or hate him Barney Frank, Chairman of the House Financial Services Committee speaks his mind with much greater candor than most politicians on Capitol Hill. But the last thing the economy needs is “a healthy dose of Keynesianism” as he stated. Does he not remember when he was in his thirties how John Maynard Keynes’ theories were proven to result in stagflation?

Rep. Cooper: “Government Is Misrepresenting Its True Deficit”

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Rep. Tim Cooper tells Shepard Smith of Fox News the truth about America’s financial situation. He mentions several times the “Financial Report of the United States Federal Government”. You can download the fiscal 2007 Report HERE - keep in mind the financial situation has deterioated rapidly since then. 

Frank Luntz Praises Ron Paul

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Frank Luntz, at one time an arch-enemy of Ron Paul supporters- mainly due to their insistence he was “rigging” his polls to Paul’s disadvantage- was on Fox News recently praising Ron Paul’s speech on the floor of the House of Represenatives as “perfect” and “transpartisan”. Maybe more will see Ron Paul was right on the economy last year in the Republican presidential primary debates.

Markets Vote No Confidence In Bailouts

The Dow Jones Industrial Average is down over 1,300 points since “The” Bailout passed the House on Friday. This bill was suppose to save the markets at the expense of the people, but what if the markets and the taxpayers both dont like it? Too bad we are not in a parliamentary system where a vote of no-confidence like this means the current regime will likely be gone in the near future.

Dow Jones Industrial Average Since

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