FDR and the Republican party

[arkadelos.livejournal.com]

I heard somewhere that FDR was raised a Republican but became a Democrat so that he could have an easier time running for political office. Is there any truth to this? I know his cousin Theodore Roosevelt was a Republican.

It's happening...

[patriot-jackie.livejournal.com]

You remember when we were all outraged at the idea that the government would be controlling the salaries of corporations and the liberals were all like, "Oh, you fearmongers. It's only for companies that took the bailouts. It won't ever go any farther than that. You conspiracy therorists..."

Of course, they conveinently ignored the quote from... Barney Frank, was it? Who said that he wanted Congress to have oversight over all executive salary pays.

Well, the Fed - oh geez, I think I have libertarian-like knee jerks to just mentioning the Fed now... - is now stepping up to the plate with a plan...

Fed Outlines Plan to Police Bank Pay

The Federal Reserve would police banks' pay policies to ensure they don't encourage employees to take reckless gambles like those that contributed to the financial crisis, according to a proposal unveiled Thursday.

Unlike a Treasury plan to slash pay at certain companies that were bailed out with large sums of taxpayer money, the Fed proposal would cover thousands of banks, including many that never received a bailout.

The Fed would not actually set compensation. Instead, the central bank would review — and could veto — pay policies that could cause too much risk-taking by executives, traders or loan officers.

Okay. Exactly how FAR does this administration have to go before liberals finally say, "Uh... Hey... What? Now wait a second..."

You're going to tell me the only way you can ensure that this kind of economic recession won't happen again is to control how much executives are paid? You're going to tell me that such will even have an effect on preventing recessions?!

And it has to be the FED??!!

WHAT HAPPENED TO THE CONSTITUTION?!

Doing What We're Told

[ferahgo.livejournal.com]

Such a disgraceful thing to hear coming from our own president. Isn't he supposed to be trying to unite the parties under his leadership?

THE DOLLAR LOSING ITS RESERVE STATUS

[caromiofic.livejournal.com]

THE DOLLAR LOSING ITS RESERVE STATUS - khouse.org

It is no secret that the US dollar has been struggling. In fact, during the past three months, banks have been putting 63 percent of their new cash into yen and euro, and only 37 percent into the dollar. This new trend away from the dollar as a reserve currency is no surprise considering current rock bottom interest rates coupled with the mountains of cash the Federal Reserve has been printing. A mere 62 percent of the currency reserve at central banks are in dollars right now, and that does not bode well for American prosperity.

The current administration may not be as discouraged by the situation as one might think. As Bond buyer Bill Gross of the Pimco said in a recent CNBC interview, "I think that's part of the administration's plan. It's obviously not announced—the 'strong dollar' is always the policy, so to speak. One of the ways a country gets out from under its debt burden is to devalue."

Yet, David Malpass noted recently in The Wall Street Journal, "No countries have devalued their way into prosperity." It's a great time to borrow capital in dollars, with low interest rates and steady inflation promising a less painful future pay-off. The steady flow of the dollar for off-shore production and manufacturing offers some assurance of wealth for foreign investors, but doesn't secure a lot of help for America. Malpass writes:
( Read more... )

Sources:
• The Weak-Dollar Threat to Prosperity - The Wall Street Journal
• Dollar Loses Reserve Status To Yen & Euro - New York Post
• Dollar Slump �Mega-Bullish� for Euro Corporate Bonds, BNP Says - Bloomberg
• China Wants A Global Currency, But It's To Blame For Dollar's Decline - The Baltimore Sun
• China Proposes A One-World Currency - Koinonia House eNews
• Behold A Black Horse: Global Inflation - Koinonia House

Dang, it feels good to be a conservative!

[trustme1013.livejournal.com]

I am SUCH a Zo fan.  And, I love Office Space, so double that!