Federal Reserve Governor Alan Greenspan today reminded America once more of the failure of the Obama Administration’s handling of the economy:
“The Federal Reserve’s massive stimulus program had little impact on the U.S. economy besides weakening the dollar and helping U.S. exports, Federal Reserve Governor Alan Greenspan told CNBC Thursday.” (Margo D. Beller, “Fed’s Massive Stimulus Had Little Impact: Greenspan,” CNBC, 6/30/11)
“In a blunt critique of his successor, Fed Chairman Ben Bernanke, Greenspan said the $2 trillion in quantative easing over the past two years had done little to loosen credit and boost the economy.” (Margo D. Beller, “Fed’s Massive Stimulus Had Little Impact: Greenspan,” CNBC, 6/30/11)
Back in February I wrote this piece about a then-looming government shutdown coming courtesy of do-nothing Senate Democrats. I’ll recap the main thrust so you don’t have to go link-surfing: at the same time Democrats were thinking of everything they could to pin blame on Republicans if the government were to shut down, Democrats were completely incapable of any leadership. An example:
“Under Republican leadership, the House has cast over 140 votes so far this year. The last came on February 19th at 4:30 in the morning. The Senate, run by Democrats? 25 votes, the last being February 17th at 8:30 in the evening.”
From the “you just can’t make this stuff up” file, The Weekly Standard reported yesterday that North Korea has been appointed Chair of the United Nations Conference on Disarmament.
So Iran tested missiles “capable of delivering a nuclear payload.” Why is it that when these things happen, people act surprised? It is not as if we had no idea Iran has been working on a missile program capable of carrying nuclear war heads.
Back in February 2010, CNN reported that according to a draft report by the International Atomic Agency (IAEA), Iran is “secretly developing a nuclear warhead for a missile.” Of course this was no surprise. In Mid-December 2009, The Associated Press reported that Iran tested a new advanced missile that is capable of striking Israel, parts of Europe and U.S bases in the Middle East.