Stop with the Democratic KoolAid

2012 September 14
tags:
by drdog09

Michael Filozof over at American Thinker lays down a post called Bernanke Sucker-Punches Romney Campaign. As a political gambit it might be valid —

By announcing another massive economic stimulus program just weeks before the election, Federal Reserve Chairman Ben Bernanke delivered a vicious sucker-punch to the Romney campaign and may have rigged the election in favor of Obama. But his actions will likely have disastrous consequences for the American public after the election is over.

So far, Romney has run a rather lackluster campaign, refusing to attack Barack Obama’s character and refusing to attack Obama’s radical past and associations with the likes of Jeremiah Wright and Bill Ayers. And Obama’s attempts to paint Romney as a heartless, greedy rich man have failed, as it has become increasingly clear that Romney is a genuinely caring, patriotic, and decent man.

Too decent, perhaps, to understand that his “Goody Two-Shoes” approach may not work against the cutthroat crew of Chicago pols in Washington. Romney, speaking honestly — but, perhaps, stupidly — announced that if elected President, he would not reappoint Bernanke as Chairman of the Fed when Bernanke’s term expires in 2014. Thus, Romney not only gave Bernanke a fixed date upon which he would become unemployed, he also gave Bernanke plenty of time and motivation to leverage the enormous power of the Fed against his campaign.

Bernanke’s gambit is designed almost entirely to undercut the main pillar of the Romney campaign: that the economy remains moribund and that Obama is unqualified and incompetent to fix it. On Thursday, Bernanke announced a third round of “quantitative easing,” which is simply an Orwellian euphemism for “printing money” — and the Fed has already printed about $2 trillion of it since 2009.

The Fed will also purchase mortgage-backed securities and Treasury debt to the tune of $40 billion per month – indefinitely – and keep interest rates at virtually zero until 2015.

Source

But how effective will that be against the Romney campaign? I will suggest not one damn bit and here’s why —

  1. Timing. The next quarterly report is due out first week of October less than a month away. Does anybody really think that in 20 or so days the Fed buying MBS’s will affect the housing market that fast? It takes at least a month to have contracted housing show up in the Case-Schiller index. That puts it at the middle of November. THE ELECTION IS OVER BY THEN.
  2. Effectiveness. As I pointed out in a posting yesterday (http://www.mauldineconomics.com/outsidethebox/a-decade-of-volatility-demographics-debt-and-deflation), housing is in a generational funk. The only way that it will get out of it is if the Gen-X and Milleninal kids all the sudden landed $80k a year jobs and had the down payments in hand to buy. Likely to happen any time soon? Uner 20%. Back to timing again election wise.  

    But it goes deeper than just demographics. Each succesive easing (TARP, QE1, QE2) has had reduced effectiveness. That is in part because the second largest cost component, transportation, has been rising due to a falling dollar against foreign crude oil. So rather than priming the pump, Main Street is taking it in the shorts everytime the Fed devalues the USD.

  3. Opaqueness. Other than Pol Sci majors, economists and political junkies the balance of the country will be oblivious to the fact the Fed has even taken this action. Ma and Pa down on the farm will hear some blurb of about 30 seconds on the nightly news and that will be the end of it. By the time that Nov 6 comes on it won’t even be in their brain. What will be in their brain is the fact that diesel oil to run the farm is now $4.85 a gallon.

As to the aspects Mr. Filozof raises issues about Romney’s goody two shoes image. First of all he’s a little late to the party. Romney has in appropriate times laid into the man. But one has to walk a tight rope as the challenger on this. Too aggresive and many indpendents will consider it an attack on the office. Plus there will those that will take them as personal attacks. We would not have won them over anyway, but you don’t want to tick them off so that the Dims rally.

As a personal item, the move that Bernacke made was probably the worst of his career. His term is up soon. With a Romney in office you can be guaranteed he will be replaced.

103 Responses leave one →
  1. 2012 September 14 10:43 am
    [1]

    . His term is up soon. With a Romney in office you can be guaranteed he will be replaced.

    IF there is a Romney in office.

  2. 2012 September 14 10:56 am
    [2]
    drdog09 permalink

    Yeah, that is the question.

  3. 2012 September 14 10:57 am
    [3]
    MI Conservative permalink

    I spoke with a being greater than any of us and Romney will be in office.

    (Clint Eastwood told me.)

    And he’s one bad MF!

  4. 2012 September 14 11:06 am
    [4]
    drdog09 permalink

    Ras, Romney leads by +6 in NC. So much for the convention bounce in that state.

  5. 2012 September 14 11:11 am
    [5]

    Dirty harry supports GAY MARRIAGE

  6. 2012 September 14 11:15 am
    [6]
    drdog09 permalink

    Cool coil gun — http://youtu.be/shw4lLI45U0

  7. 2012 September 14 11:19 am
    [7]

  8. 2012 September 14 11:47 am
    [9]
    JBoz permalink

    Unfortunately, Obama’s busy fundraising calendar prevented him from attending his Daily Security Briefings for the 7 days leading up to the embassy attacks. But his chair was there, so it’s all gooooood.

  9. 2012 September 14 11:49 am
    [10]
    bc3b permalink

    “Dirty harry supports GAY MARRIAGE”

    He also supposedly convinced Sandra Locke to have one or more abortions when they were together.

    http://www.dailymail.co.uk/tvshowbiz/article-62199/Clint-Eastwoods-marriage-split.html

    I don’t make this sh!t up.

  10. 2012 September 14 12:14 pm
    [11]
    JBoz permalink

    New avatar alert.

  11. 2012 September 14 12:36 pm
    [12]

    11 LOL!!

  12. 2012 September 14 12:37 pm
    [13]

    10 BC,

    How the hell do you know that?????

  13. 2012 September 14 12:38 pm
    [14]

    “Dirty harry supports GAY MARRIAGE”

    Looking back, I can honestly say that the GOP convention was more or less a bust.

  14. 2012 September 14 12:44 pm
    [15]
    drdog09 permalink

  15. 2012 September 14 1:24 pm
    [16]

    A Friday gift for the BJG fellas:

    http://sports.sho.com/videos/1135

  16. 2012 September 14 1:31 pm
    [17]
    bc3b permalink

    That’s something Sandra Locke claimed after their break-up, which wasn’t a pleasant one (not that any are, but theirs was exceptionally bitter).

  17. 2012 September 14 1:32 pm
    [18]

    17. Sorry, but I don’t believe it.

  18. 2012 September 14 1:37 pm
    [19]
    bc3b permalink

    He also supposedly convinced Sandra Locke to have one or more abortions when they were together.

    http://www.dailymail.co.uk/tvshowbiz/article-62199/Clint-Eastwoods-marriage-split.html

    I don’t make this sh!t up.

    A year later Miss Ruiz gave birth to a daughter, Morgan, who is the star’s seventh child by five mothers.

    (snip)

    Although Eastwood and Miss Locke were together for 13 years, they never married. She claims he made her have two abortions during that time.

    Seven children by five mothers: sounds like a black NBA star.

  19. 2012 September 14 1:41 pm
    [20]

    Eastwood is a scumbag.

  20. 2012 September 14 1:53 pm
    [21]
    bc3b permalink

    To the best of my knowledge, Eastwood has never reputiated Locke’s claims.

  21. 2012 September 14 2:23 pm
    [23]
    drdog09 permalink

    rocking ad

  22. 2012 September 14 2:30 pm
    [24]
    drdog09 permalink

  23. 2012 September 14 2:38 pm
    [25]
    JustMary permalink

    #20 But he isn’t running for president. However, this won’t stop the dems from using him as a human shield. :/

  24. 2012 September 14 2:58 pm
    [26]
    MI Conservative permalink

    ip great ad in post 22. It should be aired in every close state.

  25. 2012 September 14 3:06 pm
    [27]
    brucefdb permalink

    Romney is going to win. But there are so many poison pills and poisonous fed employees being left behind it will take nothing short of the Lord’s intervention to prevent them from sabotaging Romney’s presidency. Once the markets know the money printing is over all hell will break loose….of course it will eventually anyway. The first three moves Romney should make are repeal Obamacare, suspend environmental regulations, fast track drilling permits, and lower Corporate taxes. Okay, the first four things he should do.

  26. 2012 September 14 3:42 pm
    [28]

    # 5 Rescind ex orders concerning amnesty,welfare work requirement, etc.

  27. 2012 September 14 4:05 pm
    [29]
    MI Conservative permalink

    #6 pass a law about big words in poems on bjg!

  28. 2012 September 14 4:13 pm
    [30]
    brucefdb permalink

    ha, good one Mic.

    Yeah, IP, let’s just rescind every ex order jughead made.

    BTW, in defense of old Clint….I think he did a lot of good. There are plenty of people that will vote for Romney that don’t have their heads straight (imo)….but I will damn well take their vote and thank them for it. Plus the image of Obama as ’empty chair’ is priceless. Thanks Clint.

  29. 2012 September 14 4:27 pm
    [31]
    MI Conservative permalink

    I notice the ad in post 22 is a picture of an empty chair at the end ………….ala Eastwood.

  30. 2012 September 14 4:30 pm
    [32]
    JBoz permalink

    Clint is not a politician – he’s a private citizen. He’s entitled to his POVs, and I don’t have to agree with him on every issue. Hell, I don’t even have to agree with Mrs. Boz on every issue. I don’t care what his views are on abortion or gay marriage – he’s not out advocating for these issues from what I can tell – he just answered an interview question on it from what I can tell. I agree with Bruce – he totally dissed Obama in a very funny way, and if he added a few votes for Romney, then more power to him. Plus, Gunny Highway was a total badass!

  31. 2012 September 14 4:46 pm
    [33]
    JustMary permalink

  32. 2012 September 14 4:48 pm
    [34]
    TLS permalink

  33. 2012 September 14 4:50 pm
    [35]
    TLS permalink

    #33 wow! maybe they’ll come up with a budget on Nov 1!!

    seriously, this will not help. He has talked enough that many people realize he is blowing smoke.

  34. 2012 September 14 5:02 pm
    [36]
    JustMary permalink

    He’s such a piece of crap.

  35. 2012 September 14 5:03 pm
    [37]
    brucefdb permalink

    I actually think that ruling will help us take Wisconsin TLS. The voters there are getting pretty tired of these union and judicial thugs.

    I expect many union types will vote for Romney in Wisconsin and elsewhere without being willing to tell their friends and associates. This is a hidden voting block Romney will have in November. I also think there is another block that will not tell pollsters that they will vote against Obama or think unfavorably of him. This Administration is so full of thugs that people are rightly a bit scared of them. I still look for a big Romney win that has the pollsters scratching their heads.

  36. 2012 September 14 5:05 pm
    [38]
    brucefdb permalink

    You’re not being fair to crap Just Mary.

    BTW, I take some time off and all at once lots of new avatars. I never thought MiC would ever get a new one. I like ’em all. But, Mary, I am not sure what that is you’re holding? Is that Vodka? Raid?

  37. 2012 September 14 5:12 pm
    [39]
    JustMary permalink

    #38 Vodka 😆 There’s no freaking way she made that speech sober.

  38. 2012 September 14 5:13 pm
    [40]
    JustMary permalink

    There’s actually a beer in her other hand, you just can’t see it because Gravatar made me crop it out. Boo.

  39. 2012 September 14 5:21 pm
    [41]
    TLS permalink

    The voters there are getting pretty tired of these union and judicial thugs.

    I agree bruce. And the other thing the left isn’t taking into account is that conservatives welcome these issues being forced to SCOTUS. Let’s settle some of these issues once and for all, i.e. voter ID upheld in Indiana case has forced the DOJ to back down in TX and now FL. I know with the HC ruling that is a little more shaky, but our issues are usually on solid ground. SCOTUS is the be=iggest reason Obama has to go. I truly believe Ginsberg is going to keel any moment.

  40. 2012 September 14 5:22 pm
    [42]
    TLS permalink

    be=iggest ~ emphasis for VERY, VERY BIG 🙂

  41. 2012 September 14 5:26 pm
    [43]
    JustMary permalink

    I feel like that should be pronounced using a sharp southern accent and a high pitched voice. 😆

  42. 2012 September 14 5:32 pm
    [44]
    TLS permalink

    What will people believe?

    This?

    CARNEY: We also need to understand that this is a fairly volatile situation and it is in response not to United States policy, and not to, obviously, the administration, or the American people, but it is in response to a video, a film that we have judged to be be reprehensible and disgusting. That in no way justifies any violent reaction to it, but this is not a case of protests directed at the United States writ large or at U.S. policy, this is in response to a video that is offensive to Muslims.

    Or this?

    http://atlasshrugs2000.typepad.com/atlas_shrugs/2012/09/thousands-of-muslims-in-gaza-riot-burn-obama-in-effigy-despite-us-billions-death-death-to-america-de.html

  43. 2012 September 14 5:37 pm
    [45]
    TLS permalink

  44. 2012 September 14 5:38 pm
    [46]
    TLS permalink

    #43 😀

  45. 2012 September 14 5:41 pm
    [47]
    MI Conservative permalink

    Gotta change my gravatar again.

  46. 2012 September 14 5:47 pm
    [48]
    JustMary permalink

    NICE

  47. 2012 September 14 5:53 pm
    [49]
    JBoz permalink

    Can I change my gravatar to a picture of Kate Middleton’s ta tas?

  48. 2012 September 14 5:54 pm
    [50]
    JBoz permalink

    Or would that offend the nipple police and start a mass riot?

  49. 2012 September 14 5:57 pm
    [51]
    JustMary permalink

    #50 I wouldn’t go dragging bodies through the street or anything, but…

  50. 2012 September 14 6:01 pm
    [52]
    JBoz permalink

    JM – it couldn’t possibly be more offensive than the one I have up now 🙂

  51. 2012 September 14 6:02 pm
    [53]
    JustMary permalink

    Crap. I guess I forgot to be offended by that one!!!! 😆

  52. 2012 September 14 6:05 pm
    [54]
    JBoz permalink

    I agree – I’ve only had it up for a few hours, and to be honest it kind of turns my stomach. I will post another one soon – but not Kate’s headlights.

  53. 2012 September 14 6:11 pm
    [55]
    gnqanq permalink

    This morning they showed the following ad for the first time (that I know of) here in Ohio.

    http://www.mittromney.com/videos

    This is hard hitting with the blue collar types. Back in 2008, Obama & Hillary went back and forth on trade & jobs here in Ohio & Pennsylvania.

    I believe that the election is moving towards Romney. The MSM was harping about Obama vs Romney on foreign policy and that just went up in smoke.

    drdog – I agree with you about QE3. Not going to do anything. Might cause the stock market to move up a little. BUT business (particularly small business) is not going to do any hiring until after the election. And if Obama is re-elected, I can see more layoffs.

    We may not like the way Romney is running his campaign BUT he has a narrow path. Too aggressive and he is a racist (is any way according to the MSM & Democrats). Too passive and he is John McCain – loser. The more negative OBama goes while Romney keeps his clean cut image just reinforces to the undecideds what a THUG Obama is.

  54. 2012 September 14 6:19 pm
    [56]
    brucefdb permalink

    I admit to being dense, JM, but who is that holding the bottle?

  55. 2012 September 14 6:20 pm
    [57]
    brucefdb permalink

    BTW Michelle Malkin is maybe my fave these days when it comes to R commentary. She knows her stuff and can destroy almost anyone.

  56. 2012 September 14 6:25 pm
    [58]
    JBoz permalink

    Regarding Kate’s nudie photos, this from International Business Times:

    http://www.ibtimes.com/articles/384542/20120914/kate-middleton-topless-france-magazine-obama-violation.htm

    “Imagine what would happen if Michelle Obama, the wife of the U.S. president, visited a beach in France or Italy and removed her top to lay on the sand and some intrepid (i.e., sleazy) photographer snapped some photos of the first lady au naturel and had them published in some tabloid like the National Enquirer? The outcry would be deafening, even from those folks who loathe the Obamas.”

    Well, not sure it would be an outcry per se. More like the sounds of heaving and retching.

  57. 2012 September 14 6:32 pm
    [59]

    Have you done all you could do today to promote brain growth? 😉

    http://tampa.cbslocal.com/2012/09/14/study-sex-can-make-you-smarter/

  58. 2012 September 14 6:33 pm
    [60]
    JustMary permalink

    #56 Skip to around the 2:20 mark where it really gets good. 4 more beers! 4 more beers!

  59. 2012 September 14 6:34 pm
    [61]

    re:57 – I caught her the other night while channel flipping, looked like she was going to cry she was so upset.

  60. 2012 September 14 6:35 pm
    [62]
    JustMary permalink

    #58 It’s cute how they think anyone would want to see the Wookie naked.

  61. 2012 September 14 6:35 pm
    [63]

    “Can I change my gravatar to a picture of Kate Middleton’s ta tas?”

    YESSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSs

  62. 2012 September 14 6:38 pm
    [64]

    I’ve found most of the ads he’s actually paid to put on the air very milk toasty.

  63. 2012 September 14 6:43 pm
    [65]
    JBoz permalink

    KH – I agree, but we are the converted and we want to see Mitt breathing fire. These ads are geared toward the squishy middle, who still find Obama likable (God only knows why), but are losing confidence and represent potential pick-offs. If the ads come across too vitriolic, while we might love them, they might not achieve the objective.

  64. 2012 September 14 6:46 pm
    [66]
    JBoz permalink

    63 – I found the non-pixelated shots online. Grainy, blurry and meh.

  65. 2012 September 14 6:52 pm
    [67]
    JustMary permalink

    I think he needs to skip the spinning swirly and go straight for the roofies.

  66. 2012 September 14 7:06 pm
    [68]
    JBoz permalink

    Sorry for the rapid-fire gravatar changes. With Kate off the table, I can’t seem to find one that captures my mood.

  67. 2012 September 14 7:09 pm
    [69]
    JustMary permalink

    😆

  68. 2012 September 14 7:24 pm
    [70]

    What about Kate Upton’s hooters???

  69. 2012 September 14 7:26 pm
    [73]

    Them things are barking !!!!

  70. 2012 September 14 7:26 pm
    [74]

    Yummy!!!

  71. 2012 September 14 7:26 pm
    [75]

    72 Let’s hope the decision is not overturned until after the election

  72. 2012 September 14 7:27 pm
    [76]

    74 WORD. Those are some great titties

  73. 2012 September 14 7:27 pm
    [77]

    I can feel my brain growing already. 😉

  74. 2012 September 14 7:35 pm
    [78]
    JBoz permalink

    The middle east debacle will put a major kink into Hillary’s 2016 plans.

  75. 2012 September 14 8:02 pm
    [79]
    gnqanq permalink

    JBoz – #58 could never ever happen per the U.S. Supreme Court.

    That would constitute cruel and unusual punishment.

  76. 2012 September 15 4:41 am
    [80]
    JBoz permalink

    Geez, it’s almost 7 AM CST…where are the cheerleaders?

  77. 2012 September 15 5:32 am
    [81]

  78. 2012 September 15 5:41 am
    [82]

    Maxine on obama:

    It seems that once again all us white folks have missed a great opportunity.

    While the Black people attended the DNC in Charlotte, we should have broken into their homes

    and gotten all our shit back.

  79. 2012 September 15 5:49 am
    [83]
    drdog09 permalink

    No complaints from ya JBoz YOU asked for it! 🙂

    No eye bleach for you for a week.

  80. 2012 September 15 6:03 am
    [84]
    drdog09 permalink

    82, you don’t want your stuff back. Its impregnated with coke. A sniff dog would give you up in a minute.

  81. 2012 September 15 6:09 am
    [85]
    JBoz permalink

    83 – As bad as they are, the are still eye candy compared to the mental picture of a topless Moochelle.

  82. 2012 September 15 6:10 am
    [86]
    MI Conservative permalink

    Disgusting way to start a day!

    ip owes us an apology.

  83. 2012 September 15 6:11 am
    [87]
    TLS permalink

    The look on that boy scouts face in the last picture says it all!

  84. 2012 September 15 6:16 am
    [88]
    MI Conservative permalink

    I just hope ip doesn’t have those pics hanging on his bedroom wall.

  85. 2012 September 15 6:26 am
    [89]

  86. 2012 September 15 6:28 am
    [90]

    My eyeeeeeeeeeeeees!!!! -JM

  87. 2012 September 15 6:29 am
    [91]

    for eph~~et al

  88. 2012 September 15 6:37 am
    [92]
    MI Conservative permalink

    I was going to make liver and onions for lunch but I think I’ll go with PBJ after those pics.

  89. 2012 September 15 6:38 am
    [93]
    MI Conservative permalink

    There isn’t enough sun to cover that last la…..um……..walrus.

  90. 2012 September 15 6:48 am
    [94]
    TLS permalink

    Anyone want to bet this gets more coverage than the middle east:

    …the Occupy movement prepares to mark its one-year anniversary next week.

    Activists in the movement, which last fall sparked a national conversation about economic inequality and coined the catch phrase “We are the 99 percent,” aim to surround the New York Stock Exchange and stage a sit-in on Monday. link

  91. 2012 September 15 6:54 am
    [95]

    More targets of opportunity.

  92. 2012 September 15 7:35 am
    [97]
    TLS permalink

    http://weaselzippers.us/2012/09/14/muslim-brotherhood-praises-anti-american-protests-on-arabic-twitter-feed-feigns-support-for-u-s-embassy-staff-on-english-feed/

    The US embassy in Cairo caught the ruling Muslim Brotherhood being two-faced as the protests were under way earlier this week, reports the Hill. The Egypt group’s Arabic feed praised the protests, while its American feed expressed support for American staffers:

    Brotherhood’s tweet in Arabic: “Egyptians rise to defend the prophet.”

    Brotherhood’s tweet in English: “We r relieved none of @USEmbassyCairo staff were harmed & hope US-Eg relations will sustain turbulence of Tuesday’s events”

    US response to the latter: “Thanks. By the way, have you checked out your own Arabic feeds? I hope you know we read those too.”

    The US embassy feed is run by Larry Schwartz, the senior policy officer responsible for the controversial American statement released just after the protests started.

  93. 2012 September 15 7:42 am
    [98]
    TLS permalink

    I’ve seen this link posted around the web 4 times this morning. It is dated Sept 10th, and posters are wondering if PJMedia knew about threats to the embassies before Sept 11th, how did the administration not know? No mention of film here either:

    http://pjmedia.com/tatler/2012/09/10/jihadis-threaten-to-burn-u-s-embassy-in-cairo/

  94. 2012 September 15 7:52 am
    [99]
    Deckard permalink

    I’ve heard of threads going astray, but after waking this morning and seeing this one . . . . whoa.

    I had a bad feeling about yesterday – anything that happens in the Muslim world before a Friday only gets worse after “Friday services” at the local mosque/incitement center. What I find ironic is the movie-maker pointing out the rage of the Muslims-being-enraged-for-being-insulted in the film resulted in Muslims being enraged for being insulted in real life. All are pointing the finger at the film maker instead of dealing with the reaction of the Muslim world.

    While listening to talk radio yesterday morning, someone made an interesting point (granted, I’ve never seen the movie): the scenario with the Muslims’ reaction to the movie can be paralleled with the movie “Encino Man” where a prehistoric individual is thrust into the 20th century – how does he deal with modern society when all he knows is cave-man behavior?

    Furthermore, for certain news outlets to exclaim ” How can one expect ‘Orthodox Muslims’ (new term, folks) not to be offended and react is unreasonable” is laughable at best.

    This is madness.

  95. 2012 September 15 9:08 am
    [100]
    JustMary permalink

    Furthermore, for certain news outlets to exclaim ” How can one expect ‘Orthodox Muslims’ (new term, folks) not to be offended and react is unreasonable” is laughable at best.

    All that says to me is that they have not the slightest clue as to what Islam is really about. There is NO SUCH THING as Orthodox muslim. No. such. thing. That’s like a woman saying she is only a little bit pregnant. You are either pregnant, or you are not.

  96. 2012 September 15 9:43 am
    [101]
    Deckard permalink

    JM #101 – Which makes many ask ” Where are the calls of American Muslims who denounce such violence?”

    If you hear something other than crickets chirping or tumbleweed blowing across the landscape, let me know.

  97. 2012 September 15 5:19 pm
    [102]
    PRNmeds permalink

    Printing more money won’t help us. But you all knew that already.

    http://learnliberty.com/videos/why-not-print-more-money

  98. 2012 September 15 6:07 pm
    [103]
    Deckard permalink

    PRNmeds – welcome –

    Agreed on QE3 . . . . it’s only gonna get worse . . . welcome by the way . . .

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