No this is not a post about the American peoples’ rejection of Obama/Pelosi/Reid/Washington politics. Many others are having fun welcoming the Republican wave that swept away many notable Democrats…though not nearly enough. Jerry Brown as governor? California you have got to be kidding me. I am holding in a wait-and-see position having been sorely disappointed by Republicans far too many times.
Unbeknownst to many Americans the Federal Reserve (The Fed) had scheduled a meeting today to decide future monetary policy. I find it interesting that they chose the day after a hotly contest mid-term election to meet and announce their policies. The centerpiece of their plan is Quantitative Easing 2 (“QE2”). The Wall Street Journal describes QE2 as:
In this series I choose a current news article and you decide via a multiple choice format which terms were used and whether others would have been more accurate…….
WASHINGTON — In the end, it’s only a beginning.
The __________ (comprehensive, far-reaching, power grabbing, socialist) new banking and consumer protection bill awaiting President Barack Obama’s signature now shifts from the politicians to the technocrats.
The legislation gives regulators __________( latitude, unlimited power, control, plenty of campaign contributions) and time to come up with new rules, requires scores of studies and, in some instances, depends on international __________ (approval, loans, agreements, scorn) falling into place.
“Dear reader, since you have actually picked up and read this book, it might be a little late for a warning. Just in case you thought you were safe to read whatever you choose. I want to warn you that your reading habits may be monitored for ‘suspicious’ behavior. Considering the title of this book, your name might now be on a list authorized by the Patriot Act…”
You may have enjoyed the insightful commentary by Judge Andrew P. Napolitano on many cable news shows. I always considered him a rather conservative-leaning man. I bought the book expecting it to take shots at left-wing Democrat politics and it does that. The Judge, however, is just as critical of the Republicans. I should have known since Congressman Ron Paul wrote the forward.