
Expect to see propaganda of this sort before long.
"It's a topsy-turvy world, and maybe the problems of two people don't amount to a hill of beans, but this is our hill and these are our beans!"-Lt. Frank Drebin, Police Squad (RIP Leslie Nielsen)


"Pennsylvania Senator Arlen Specter, who last week became a Democrat to boost his odds of winning re-election, again shocked the political world when he announced today that he had switched from Judaism to Christianity in hopes of regaining the seniority which the senate stripped from him Tuesday.
"Despite previous promises from Senate Majority Leader Harry Reid that he would retain his seniority on key committees, yesterday the senate voted to bump Sen. Specter to junior status on four out of five committees.
"'Now that I’m last in line,' Sen. Specter said, “I find the words of Jesus the Messiah very encouraging when he says ’some are last who will be first’..."

"In the 1970s, with inflation rising, I often described the Federal Reserve as knowing only two speeds: too fast and too slow. At the time, the Fed’s idea was to combat recession by promoting expansion, printing money and making it easier for businesses and households to borrow — and worry only later about the inflation that resulted. That strategy produced a sorry decade of slow productivity growth, rising unemployment and, yes, rising inflation. If President Obama and the Fed continue down their current path, we could see a repeat of those dreadful inflationary years...
"[U]nder Mr. Bernanke, the Fed has sacrificed its independence and become the monetary arm of the Treasury: bailing out A.I.G., taking on illiquid securities from Bear Stearns and promising to provide as much as $700 billion of reserves to buy mortgages.
"Independent central banks don’t do what this Fed has done. They leave such fiscal action to the legislative branch. By that same token, Mr. Volcker’s Fed [in the '80's] had to avoid financing the large (for that time) Reagan budget deficits to be able to bring down inflation. The central bank was made independent expressly so that it could refuse to finance deficits. But is there a political consensus that the much larger Obama deficits will not pressure the Fed to expand reserves to buy Treasury bonds?
"It doesn’t help that the administration’s stimulus program is an obstacle to sound policy. It will create jobs at the cost of an enormous increase in the government debt that has to be financed. And it does very little to increase productivity, which is the main engine of economic growth.
"Some of my fellow economists, including many at the Fed, say that the big monetary goal is to avoid deflation. They point to the less than 1 percent decline in the consumer price index for the year ending in March as evidence that deflation is a threat. But this statistic is misleading...
"We should look instead at a less volatile price index, the gross domestic product deflator. In this year’s first quarter, it rose 2.9 percent — a sure sign of inflation.
"Besides, no country facing enormous budget deficits, rapid growth in the money supply and the prospect of a sustained currency devaluation as we are has ever experienced deflation. These factors are harbingers of inflation.
"When will it come? Surely not right away. But sooner or later, we will see the Fed, under pressure from Congress, the administration and business, try to prevent interest rates from increasing. The proponents of lower rates will point to the unemployment numbers and the slow recovery. That’s why the Fed must start to demonstrate the kind of courage and independence it has not recently shown..."
“The way to stop discrimination on the basis of race is to stop discriminating on the basis of race.”