BrookesNews Update

Commentaries on Australian & international news

Obama's big spending fallacy could ruin the US economy: a history lesson : The historical evidence and sound economic reasoning do not support Obama's colossal spending programs — and Americans instinctively no this. Yet he and advisors are hell bent on implementing these programs even though the only result will be a great weakening of the economy, if not something far worse. Only an unreasoning and fanatical belief in the power of state can account for such behavior
Is the US economy close to recovery? : Most experts and commentators are of the view that the worst of the US recession may be over by year's end. However, the so-called recovery is a monetary illusion based on government-constructed economic indicators, nothing more than that
The recession and the right's shoddy economic thinking: It is being argued by luminaries like John Stone that this is 'not a conventional recession, but a much more unusual balance sheet one'. This is complete nonsense. The recession — and the financial crisis — is entirely due to grotesque monetary mismanagement by the central banks
Overvalued currencies and floating exchange rates : For some perverse reason our rightwing economists refuse to accept the indisputable fact that overvalued currencies do exist even though we have floating exchange rates. This refusal to fact facts has degenerated into a personal vendetta
An open letter to the Hon. Malcolm Turnbull MP on his support for a destructive carbon tax : The despite the evidence that man-made global warming is a myth and that carbon taxes will devastate the economy Malcolm Turnbull arrogantly insists on implementing a thoroughly destructive police
Obama's Kerenskyism, Honduras and the Chavist abyss: Hillary approved the acquittal of the bloody Castro dictatorship. The very secretary of state that, along with president Obama, is open for a dialog with the pro-terrorist Iranian government has opened her arms to the Cuban communists. The same woman who met with smiles with dictator-president Chávez; and who shut the door to the civil Honduran delegation that went to Washington simply to explain their version of the facts. So why are Obama and Clinton supporting Marxist thugs who want to destroy America?
Obama's science czar wants forced abortions and government control of the family: John Holdren is America's new 'science czar'. He is also a dangerous green fanatic who believes in forced sterilizations, forced abortions, that abolition of the right of people to determine the size of their families. He also believes in total state control of the economy. So why did Obama appoint this dangerous fanatic and have the media covered for him? Is because they agree with his fanatical views?
Congress should not rush through something as important as changing our healthcare system: The Obama administration's cost estimates of Obamacare are phony. The real cost will be at least double the estimate. Add the cost of the healthcare program to already-incurred other costs of the no stimulus Stimulus Bill and other spending for the budget deficit, TARP, et al, and you have a total expenditure and deficit which is unimaginable even in modern times
Calibrate this, Mr. President: Why didn't Obama address the fact that the only oppression happening these days is by his buddies Castro, Chavez and all the other third world dictators he seems to think are misunderstood men of good will

Posted by John Ray. For a daily critique of Leftist activities, see DISSECTING LEFTISM. To keep up with attacks on free speech see TONGUE-TIED. Also, don't forget your daily roundup of pro-environment but anti-Greenie news and commentary at GREENIE WATCH . Email me (John Ray) here

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