Posted by
Patrick Bohan on Sunday, September 23, 2012 5:06:59 PM
http://thetheoryofmediocrity.blogspot.com/
Fed – They are doing another round
of quantitative easing in an attempt to right the economy. They are buying up
40 billion in bonds per month.
Libya – From the UK Independent ‘According to senior diplomatic sources,
the US State Department had credible information 48 hours before mobs charged
the consulate in Benghazi, and the embassy in Cairo, that American missions may
be targeted, but no warnings were given for diplomats to go on high alert and
"lockdown", under which movement is severely restricted.”
Social Security disability – The
government paid out 591 billion in benefits this past year.
Military - The Pentagon is buying Chevrolet Volts to help “green up” the
military—while propping up sales of the bailed-out automaker’s most politicized
car.
Arab Fall – The spring may have been good, but the fall is looking
bad – The US embassy in Tunisia is the latest to get attacked, meanwhile Muslim
protestors are outside of several dozen U.S. embassies around the world
including the US embassy in London. In other news, the Obama administration is
sticking to its position that the deadly attack in Benghazi wasn't
premeditated, contradicting U.S. lawmakers and Libya's own president.
First Amendment - In the Daily Caller, Neil Munro reports that the
Obama administration has asked YouTube to suppress the offensive film that is
the pretext for some of the Islamist rioting. This is, of course, in accordance
with the demands of the Muslim brotherhood.
Economy – Consumer Price Index jumps 0.6%, the largest increase
since 2009. In other news, the ratings agency Egan-Jones gave the U.S. a credit
rating of AA-, down from its solid AA rating.
Media – In an interview where Romney
clearly stated a middle class family makes less than 250 or 200 thousand
dollars, the media claims he said a middle class family makes between 200 and
250 thousand dollars. Romney has employed hundreds of people, he knows what a
middle class family earns.
Chicago
Teachers Strike – Word is Mayor Emanuel threatened to sue the union if they
failed to get back to work. This is amazing; Democrats love unions so long as
they are not using their collective bargaining powers on the Democrats turf. It
is okay to rally union support in Wisconsin, but not in Chicago. In fact, Emanuel said the strike was illegal because it endangers the
health and safety of students and concerned issues - evaluations, layoffs and
recall rights - that state law says cannot be grounds for a work stoppage. "This
was a strike of choice and is now a delay of choice that is wrong for our
children," Emanuel said in a written statement.
Auto Companies - The Treasury Department is resisting General Motors' push for the
government to sell off its stake in the auto maker, The Wall Street Journal
reports. Following a $50 billion bailout in 2009, the U.S. taxpayers now own
almost 27% of the company.
ObamaCare Propaganda - Ogilvy Public Relations Worldwide has been
hired by California's health care exchange (the body implementing ObamaCare in
the once-Golden-State) using taxpayer money. Part of what it intends to do
includes pitching a reality show about families without health insurance -- and
seeking to have popular prime-time television shows (like "Grey's Anatomy"
and "Modern Family") work the health care law into their plots.
Tax Cuts – The president mocked tax cuts in an Ohio campaign
speech “Tax cuts in good times, tax cuts in bad times. Tax cuts in peace, tax
cuts in war. Want to make a plane reservation? You don't need a new iPhone, try
a tax cut."
Bomb Threats – Following the embassy attacks there have been
dozens of bomb threats at major universities across the country.
Occupy Wall Street – The one year
anniversary of the movement came and passed with more arrests in New York City.