Ooooooh, that pesky Posse Commitatus
 

Bullseye, Griff.

So, rolling up numerous previously independent government agencies into the Dept of Homeland Security four years ago, was not enough. I am reminded of the proverb, "When all you have is a hammer, all problems look like nails." Hoo-Ah!

This just in--

80% of the $1.5 billion in no-bid contracts from FEMA for work in the hurricane relief zone will be rebid.

Sorry, no news linky yet.

Do you mean reviewed?
How can no-bid be rebid? :confused:

Just posting radio news item, only one sentence between segments. Still searching for actual story.

Also GWB's plan to pay for Katrina cleanup costs his plan is to cut Medicare funding. Is it just me, or is this robbing peter to pay paul, given who's likely to need help that isn't covered by insurance?

Edit: Medicaid, not Medicare. Medicaid is the program to help the poor and disabled, Medicare is the program for everyone over a certain age.

Of course you heard the many bean counter types on Wall Street proclaiming that the Fed will not worry about inflation. Are they daft? We have spent so much money beyond what the books even list that, well, this problem overseas demonstrates the problem.

In many countries, they have worried about inflation and kept interest rates high. The George Jr administration demanded they lower interest rates to boost their economies. But these more responsible nations did not lower interest rates. Their problem? Too many American dollars making inflation even in their economies a real problem. IOW if George Jr wanted them to lower interest rates, then he should have been doing what even the Federal Reserve has been warning about. Even the George Jr tax cut has only mortaged an American economic recovery. George Jr - like any good MBA - throws more money at problems. Need we now cite New Orleans as the next example of MBA management techniques?

So this week, the stock market is finally listening to economic data as the Fed has been warning about. Inflation is looming big time. When the market was said to be good, well instead look at the numbers. Where does it go when suddenly things are bad? If interest rates don't keep rising, then stagflation is inevitable - as Nixon created in the 1970s by doing the same George Jr overspending.

If the economy was really doing as well as the George Jr administration claims, well, look at the Dow Jones averages for past 5 years; since George Jr and his tax cut 'revived' this nation. A sharp difference between his rhetoric and what the numbers say. And those were the (mythical) good times:

BTW, where were the 'nay sayers' when I was warning of this four years ago? Where were you when George Jr cited the Kennedy tax cut to boost the economy - and I was warning what happened after that tax cut - the resulting even deeper recession?

Now that the world is flush with dollars, the US economy is right back in the toilet – as was before innovators such as the computer industry took over the American economy and brought prosperity back. So what did we do? We listened to a mental midget and MBA who simply spent the inheritance - and more. The damage? You have not seen that yet to your pocket.

We are right back where we were a little over 30 years ago. When the president spent money we did not have, when energy prices jumped, when the economy was pathetic but not yet appearing in the job market, when Detroit was producing some of histories most inefficient vehicles and refusing to innovate, and when bean counters replaced 'product people' as the industry leaders. Suddenly those who were making the problems instead denied those problems exist, OR said, "There is plenty of blame to go around."
Having not learned the lessons of history, we are doomed to repeat. Where is this economic growth? George Jr already spent it like any good MBA trained boss does. He simply threw money at problems. Let's see. $400billion for Iraq that he still has not put in the budget. $200billion to rebuild New Orleans in the wrong spot. Medicare reform bill that costs $800billion - and that he lied about by even ordering the 'knowledgeable' to not speak - so that the drug companies could get corporate welfare. An anti-American steel industry protected by illegal government tariffs - that in turn cost between 20,000 and 40,000 American jobs in the innovative and productive steel reprocessing industry. Advocating more energy consumption in a country that is twice as inefficient as any other nation in the world. That is any as in no other nation wastes anywhere near as much energy per person. An anti-ballistic missile system that costs who knows how many $billions – and its own experts say it does not work. The destruction of space based science for the greater glory of George Jr – the ridiculous Man to Mars mission. The destruction of some do the world’s most successful science such as the Hubble, space probes and robots, research into quantum physics, and even the education of science in schools.

Then there are the long term consequences of this mental midgetry. Europe - even Britian - is moving closer to Russia because excessive energy consumption – advocated by George Jr - has literally tapped most of the world's energy. Even Britian for the first time in its history will become a natural gas importer - and must go to Russia for that energy.

But don't worry. George Jr has a solution to this security problem. Today he just declared Islamic terrorism as a united international conspiracy - forgetting that he created the insurgency in Iraq that has nothing to do with his Don Quixote dragon - Al Qaeda. Forgetting the George Jr has practically protected Osama bin Laden. Forgetting that even nuclear proliferation is being promoted by nations that George Jr has courted as closest allies.

And so who pays for all this. As proven in economic history - the bills created today appear four to ten years later. George Jr has long and obviously been mortgaging your future. As ABC News keeps saying, "It’s your money". As I keep saying, where have you all been – all you critics who should have seen this four years ago when he was even lying about aluminum tubes in Iraq and undermining the Oslo Accords. Where have you been?

If it makes any difference, had I known about The Cellar four years ago I would have agreed with you :(