While I’m spending a few days visiting with my family and relaxing from the Tea Party Express national tour here in my hometown of Salem, MA, I’m getting caught up on posting some of the photos from the tour. Not all of them are captioned, so I’ll do my best to identify the folks pictured. Many of them will be familiar to you, as several have been on the radio show and you’ve gotten to know their voices and in some cases, their faces too.
Speaking of the radio show, tonight Dave and I talked about the Fed’s move to print up $600 billion to “ease” the economy. It is the very definition of insanity. A move that further weakens us. Rush Limbaugh explained it today on his show.
Quantitative Easing. What the Fed announced yesterday at 2:15, didn’t get a whole lot of attention. The stock market is going through the roof because of it. What is it? Quantitative Easing is where a country’s central bank, i.e., the Federal Reserve, tries to boost the economy by increasing lending by increasing the money supply. How do they do that? Well, the Federal Reserve announced they’re gonna purchase about $600 billion in Treasury securities. That’s about $75 billion per month for the next eight months.
This is the government printing new money to purchase existing Treasury securities that have already been issued and are currently owned. All right, so who owns them? Well, banks, Wall Street firms, insurance companies, pension funds, other governments. The purpose of the program, the purpose of QE2 is to reflate the economy, to create wealth via higher stock and bond prices, via inflation. It’s another stimulus. They tried it once before. That’s why it is QE2, Quantitative Easing 2.
Read about the insanity of it all here.
We also talked about Andrew Breitbart and how ABC dumped him from their Election night coverage.
“Do you understand that you invited me to be a participant in this, and because of pressure from the predictable (George) Soros, Huffington, Talking Points Memo, John Podesta activist left, to shut up other voices that they disagree with, a la Juan Williams, of course you would have to react.”
“But to react by throwing your invitee under the bus, and humiliating him in the process? Do you think that that sends the right message to your audience, and to the people out there who think that I am a credible news source, that I offer a valuable opinion as the primary defender of the Tea Party movement against merciless attacks by this very same mainstream media?”
“You have damaged me, you have damaged my brand, and I’m asking you to walk this lie back. I never exaggerated, I never lied, I never played my role up. The decision to create a ‘digital Elba’ was an attempt to placate the left, which they took as a victory. This is a clear ’screw you!’ to me, and my readers.”
And now, a pause for pix! These were taken from the Tea Party Express rally in Wilmington, Delaware with conservative Republican candidate Christine O’Donnell.
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