Category Archives: politics

Buckeye Institute Announces Pretigious New Fellowship Program For Ohio College Students

In honor of William A. Diehl, former President of Defiance Milk Products/Diehl Inc., the Diehl Family Foundation has partnered with the Buckeye Institute for Public Policy Solutions to create a year-long fellowship program designed to expose college students to the leaders and readings that can provide insight into making Ohio prosperous again. The Buckeye Institute will use a competitive process to identify up to 25 of Ohio’s best students annually for this program.

The application period for the 2011 class runs from December 2, 2010, to January 31, 2011. The first class will occur in March 2011. Each class will begin at 6:00pm on a Thursday with an informal dinner and the viewing of a thematic movie. On Friday, the fellows will discuss the assigned readings and their relevance to Ohio, listen to an Ohio business leader share his or her experience, and tour a company to get a hands-on appreciation for how business works. The Buckeye Institute will provide all reading materials and will cover all hotel and food costs.

The topics include American exceptionalism, freedom & the rule of law, basic economics, the power of government, transparency & corruption, economic freedom & competitiveness, entrepreneurship, building a business, the regulatory world, the power of innovation, understanding politics, and overcoming big obstacles.

To graduate, each fellow must write a report on an economic issue facing Ohio and a proposed solution. A panel of experts will judge the reports, and the top three will receive cash awards of $3,000, $2,000, and $1,000.

Matt A. Mayer, President of the Buckeye Institute, stated, “If we want tomorrow’s leaders to carry the heavy weight of rebuilding our great state, they will need a practical and conceptual understanding of our nation’s founding, its economic system, and the relationship between business and government. William Diehl fundamentally understood the critical link between a vibrant and prosperous private sector and limited, but effective government.”

Details about the Diehl Fellows Program and the Application can be viewed at www.buckeyeinstitute.org/diehl or obtained by calling 614-224-4422.

2011 Anthropographia Award For Human Rights Call For Entries

Anthropographia is a volunteer-run non-profit organization that generates awareness of under publicized human rights issues through visual story telling. The volunteer board of directors and advisors consist journalists, photo journalists, professors of photography, and leaders in the multimedia industry.

The Anthropographia Award for Human Rights gives photojournalists working in various communities and cultures opportunity to share their story or stories of witnessed human rights issues with an international audience.

The Call for Entries for the 2011 Anthropographia Award for Human Rights is now open. This competition, which is free to all, offers an opportunity for photographers to exhibit their work and demonstrate their commitment to human rights issues.

Submission deadline: December 31, 2010
Notification of selected photos & multimedia projects: February 1, 2011

For the 2011 edition of the Anthropographia Call for Entries, we will be selecting 16 photo-essays and 8 multimedia projects out of the entries submitted. These will be selected by a team of curators, including Matthieu Rytz, Founder of Anthropographia, and two guest curators that Anthropographia has identified as definitive in their field. From the selected photo-essays and multimedia projects, two awards will be granted by the team of curators that recognizes the particular achievements of two photographers in representing human rights issues.

These awards are:
The Anthropographia Award for Photography and Human Rights
The Anthropographia Award for Multimedia and Human Rights

For more info, visit the Anthropographia website.

Pro-Life Terrorism

What is terrorism? Based on statements by pro-choice advocates, it is acts of violence aimed the goal of which is to end the policy and/or practice of abortion or, in this case, the legal practice of opposing abortion.

The following is a news story about abortionist attempting to terrorize a pro-life leader with the stated goal of changing his and his organization’s “ideas” and subsequent practice.

Joe Scheidler is a name pro-life advocates know because he has been one of the leaders of the pro-life movement for decades. Scheidler has become a frequent target of pro-abortion activist and now his home has been vandalized.

His home was attacked in the middle of the night, at approximately 2:00 a.m., with an abortion advocate throwing bricks of asphalt through two front windows.

One of them contained a threatening note making it clear the source of the vandalism supports legalized abortions.

“We are crazy feminist bi***** who will destroy your sexist ideas,” a note, containing an anarchist sign and scrawled in a child-like writing, said.

“P.S. I’ve had an abortion and no laws could ever stop me,” the note continued. “You can’t make Queen Anne’s lace illegal, a******.”

Troy Newman, the president of Operation Rescue, praised his longtime friend in an email to LifeNews.com as someone who has always had the best interests of the pro-life movement at heart and who has been selfless in trying to protect women and unborn children.

“We denounce in the strongest terms the cowardly violence that shattered the peace of the Scheidler home last night,” Newman said after learning of the attack.

He urged the Obama administration to investigate the attack in the same way it has assertively looked into incidents at abortion facilities and the shooting death of late-term abortion practitioner George Tiller.

“We demand that Attorney General Eric Holder order the Justice Department to launch an immediate investigation into this violent hate crime and to provide the same protections to Joseph and Ann Scheidler as they have in the past for unthreatened abortionists,” he said.

Newman is concerned about the rising levels of violence against pro-life advocates, as this attack on Scheidlers’ home comes after multiple other incidents of vandalism and after pro-life protester Jim Pouillon was shot and killed outside a local high school in Owosso, Michigan because his killer Harlan Drake didn’t like him using graphic pictures of babies victimized by abortions.

Operation Rescue’s headquarters in Wichita, Kansas, has been repeatedly vandalized, and staff threatened in recent months. In Albuquerque, New Mexico, sidewalk counselors were threatened by a man at gunpoint and police later discovered a cache of weapons in the man’s vehicle, he indicated.

Looking at hand written note displayed with the LifeNews.com article , the printed words cause doubt about whether they were written by a emotional youth or possibly by a relatively uneducated adult. The writing might reflect a highly emotional person and potentially dangerous. However, other domestic and foreign terrorist have mostly been either college educated or from highly educated families. One would think such a person would have display a more articulate message and refined hand writing. Of course, emotionally disturbed uneducated person could be just as dangerous as a emotionally-calculating educated person.

Restoring Constitutional Governanace in America?

On 1 December 2010, the Supreme Court of the United States entered the following orders:

Case 10-446
KERCHNER, CHARLES, ET AL. V. OBAMA,
PRESIDENT OF THE U.S., ET AL.

The petition for a writ of certiorari is denied.
Case 10-560
SCHULZ, ROBERT L. V. FEDERAL RESERVE SYSTEM, ET AL

The petition for a writ of certiorari is denied.

Both cases were controversies involving subject matter critical to the primary governmental functions and intent of law set forth in the Constitution for the United States.

Kerchner was defending his individual Right to a President that is a natural born citizen.

Schulz was defending his individual Right to a government that does not give or lend public funds to private corporations for definitively private purposes (i.e., the $700 billion AIG and TARP financial bailouts), a power not inherent in the People, much less transferable or granted by the People to the Government.

The Judicial Article III of the Constitution guarantees Kerchner and Schulz that the merits of their cases would be heard by the independent, federal courts (“the judicial Power shall extend to all cases, in law and equity, arising under this Constitution ..”).

However, the lower courts violated Article III, summarily dismissing the cases for “lack of standing,” on the (erroneous) ground that because the injuries to Kerchner and Schulz were no different from the injuries suffered by the rest of the people in the country, neither Schulz nor Kerchner’s Petitions to cure constitutional torts could proceed. By dismissing the cases on “lack of standing”, the courts essentially suggest that Kerchner and Schulz should have directed their Grievances to Congress – as if the issues raised were political questions and America was a pure democracy with rights granted by the will of the majority, rather than a Republic with unalienable, individual, Natural Rights, guaranteed by written Constitutions, enforceable through an independent Judiciary.

Kerchner and Schulz had Petitioned the Supreme Court of the United States to overrule and reverse the “no standing” rulings of the lower courts and send the cases back to the lower courts for a hearing on the merits of the constitutional challenges. In denying both Petitions for Certiorari and avoiding a judicial examination of the merits for no other discernable reason than political eagerness, the Supreme Court added a ruthless sneer to the Grievances.

About all that can be said about the Kerchner and Schulz cases is we can add “presidential eligibility” and “corporate welfare” to the dung heap of other desecrations of our sacred Charters of Freedom, including but by no means limited to violations of the war, money, taxes, privacy, property, immigration, petition and sovereignty clauses — all of which have been the subject of repeated Petitions and court challenges that have been either ignored by government officials or tersely dismissed by abuses of one judicial doctrine or another.

Unfortunately, this leaves us – the People – with but one irrefutable conclusion: the Constitution is NOT now serving any meaningful purpose. The rule of law has been replaced by the rule of man and whim. The Constitution has become a mere menu of words, phrases and ideas which the government may choose to define or ignore at its sole will and discretion.

The way the system is working is in sharp contrast to the way it was designed to work. Ignoring Article V’s prescriptions for orderly change, our elected and appointed officials are now doing whatever they think best, literally unrestrained by either the written words of the Law itself or the intent behind those words – i.e., the set of principles, prohibitions and mandates proclaimed to govern them – the Constitution for the United States, the Supreme Law of the Land.

Rather than three independent, co-equal branches of a highly-limited federal Government, each designed to be a check and balance on the other two, keeping them in their constitutional places, with the People possessing the ultimate Power, we now suffer the branches cooperating in decisions to deny the People their creator-endowed, unalienable Rights to life, Liberty, property and the pursuit of happiness.

OPTIONS, PLEASE!

The following question is for those among us who know that the Constitution is a set of principles to govern the government and is all that stands between the People and oppression, who know what the Constitution has to say about such current events as war, money, taxes, privacy, property, illegal immigration, and sovereignty.

What should a free People do when faced with the realization that their Constitution is being dishonored and disobeyed by their elected officials and judges, and that their creator-endowed Rights have been whittled away by elected servants who are taking over the house that the Founding Fathers designed “with reliance upon Divine Providence”?

We The People Foundation wants to hold a Liberty Summit in January for an open discussion with opinion leaders and others passionate about the Constitution about how to restore constitutional governance. It is hoped the Summit results in a plan of action agreeable to all.

To learn more, visit We the People Foundation webiste.

Secretary of Defense Gates and Admiral Mullen Willing to Sacrifice Military Effectiveness to Fulfill Obama Campaign Promise

One message was loud and clear from the Senate Armed Services Committee’s two-day hearing on the repeal of the “Don’t Ask, Don’t Tell” (DADT) law: Secretary of Defense Gates and Joint Chiefs Chairman Admiral Mullen care very little about what our combat troops think about the repeal of the law or its immediate harm to our national defense.

The actual survey numbers of the Pentagon study show that allowing gays to openly serve in the military would be a national security disaster. According to the survey and study, titled “Report of the Comprehensive Review of the Issues Associated with a Repeal of “Don’t Ask, Don’t Tell” (Report):

* Nearly 60% of those in the Marine and Army combat units thought repealing the DADT law would harm their unit’s ability to fight on the battlefield.

* Up to a half-million service members may not reenlist should the ban be repealed (A disaster for our all–volunteer army that would require re-institution of the Draft).

* 91% would reject homosexual leaders.

* 71% would not share showers with homosexuals.

Senator John McCain spoke out on behalf of our combat service members. He continued his strong opposition to repeal of the “Don’t Ask, Don’t Tell” law, and questioned Gates and Mullen on why they were not paying more attention to the negative impact a repeal of DADT would have on our combat troops.

Three Reasons Not to Repeal DADT

1) Senior Military Leaders are Opposed to Repeal

During today’s hearing, three of the four major service chiefs — Marine Corps Commandant General James Amos, Army Chief General George W. Casey, and Air Force Chief Norton Schwartz — informed the Senate Armed Services Committee that their best military advice was to keep the ban in place. Earlier in the year, General Casey told the Senate Committee that he had serious concerns about the impact of the repeal on a force engaged in two wars.

It is important to note that Gates and Mullen have muzzled other combat commanders from publicly expressing their opinion opposing repeal of the ban. Both Gates and Mullen publicly reprimanded three-star General Benjamin Mixon, Commander of the U.S. Army Pacific, for publicly expressing his objection to repeal.

To overcome these constraints on active duty senior officers to honestly express their opinion, 1,167 retired flag and general officers, 51 of them former four stars, signed an open letter to President Obama and Congress expressing great concern about the impact that a repeal would have on morale, discipline, unit cohesion and overall military readiness.

2) Health Risks are Perilous

AIDS would increase in the military once homosexuals were openly admitted into the military and restraints on their sexual behavior are removed. Heterosexual service members would be more likely to contract AIDS through injuries and battlefield transfusions. Drug abuse and suicides would increase as well, resulting in a dramatic increase in medical care costs. Ironically, the repeal would come at a time when Secretary Gates is seeking to cut and contain health costs in military.

3) A Radical anti-Christian Policy

To go along with repeal of the “Don’t Ask, Don’t Tell” law, the Department of Defense recommended elimination of longstanding military laws prohibiting consensual sodomy and adultery.

An overwhelming majority of America’s Armed Forces are Christian. Yet the Report brushed aside the religious and moral objections to homosexuality by service members. Admitting that a large number of military chaplains believe that homosexuality is a sin and an abomination, and are required by God to condemn it as such, the Report argues that their objections can be overcome by education and training (brainwashing?).

Source: Thomas More Law Center, December 3, 2010

Why Ending Bush Tax Cuts Of Americans Making Over $250,000 Is Not A Good Idea

If the Democrat economic plan were not primarily beneficial to government coffers, I would be for it.
I serious doubt the economy will benefit greatly by merely maintaining the Bush tax cuts for the middle. Those with incomes over $250,000 may benefit more, but they also have more disposable income to spend. Spending helps maintain GDP. More importantly, it maintains tax revenues. Therefore, I have to agree with the Republicans. Raising taxes on anyone during a prolonged economic recession is not a good idea. Because the high-income group has more disposable income to spend, they are key to keeping a modicum of economic stability.

Democrats are doing a very poor job of making themselves look good. They are showing Americans that their agendas are more important than the common good.

Someone is bound to respond: Well, duh!

However, when looking at taxation and economic growth in the long-term, I think Americans with taxable incomes over $250,000 should pay considerable higher taxes.

How could that be good?

First, it’s contiguous with founding idea of economic liberty. Thomas Jefferson is representative of a large numbers early Americans who believed the rich should pay for government services to the poor. They believed it was immoral for rich Americans to have much while poor Americans lacked. Thomas Jefferson was no welfare socialists either. Like many others, he opposed low paying wage labor because it was a form of slavery.

Second, the rich paying for welfare to the poor should inspire them to change the political economy engendering poverty and welfare. Jefferson seemed to think making the rich pay to help the poor would motivate the wealthy to devise programs to ensure the poor actually gained skills by which to earn high incomes in order to live independent of rich charity or tax funded government services. I suspect Jefferson would have favored living wage standards as opposed to minimum wages.

Lastly, it seems unjust for the working poor and the middle class to pay for problems created by the wealthy and societal institutions. The Courts didn’t have to encourage the working poor to adopt socialism in order establish economic rights against big manufacturing firms. The Courts could have forced Congress to deal with the issue of low wage slavery. Against the ready argument that freedom of contract and market value would be violated, the Courts and other authorities could have applied Adam Smith’s capitalistic view that large manufacturing corporations were quasi-government institutions requiring regulation, i.e., regulation to prevent low wage slavery. It was the founding generation, those like Jefferson, who thought it unjust to tax all Americans (including the working poor and middle class) to cover the problems of the poor.

Remember, Jefferson wrote “all men were created equal,” which appears not to mean equal opportunity to pay taxes for welfare.

Besides all of that, the stock markets have not declined to 1990 levels, which indicate a somewhat healthy economy still exists–that is if a political economy can be regarded as such. It is healthy because those making over $250,000, like the Democrat and Republican politicians on Capitol Hill, are working to keep their stock portfolios profitable.

Continental Congress Thanksgiving Proclamation, 1782

The following is a reproduction of the First Thanksgiving Proclamation of the Continental Congress. It also provides evidence that under our constitutional form of government (albeit, the first constitution) the United States of America was in fact a Christian nation. It seems illogical to either appeal to or thank the god of deism who is no longer involved in human affairs. Only the biblical God is involved in the daily affairs of men and states. Thus, the following official state proclamation calls for collective gratitude to the Judeo-Christian God.

——————–

IT being the indispensable duty of all Nations, not only to offer up their supplications to ALMIGHTY GOD, the giver of all good, for his gracious assistance in a time of distress, but also in a solemn and public manner to give him praise for his goodness in general, and especially for great and signal interpositions of his providence in their behalf: Therefore the United States in Congress assembled, taking into their consideration the many instances of divine goodness to these States, in the course of the important conflict in which they have been so long engaged; the present happy and promising state of public affairs; and the events of the war, in the course of the year now drawing to a close; particularly the harmony of the public Councils, which is so necessary to the success of the public cause; the perfect union and good understanding which has hitherto subsisted between them and their Allies, notwithstanding the artful and unwearied attempts of the common enemy to divide them; the success of the arms of the United States, and those of their Allies, and the acknowledgment of their independence by another European power, whose friendship and commerce must be of great and lasting advantage to these States:—– Do hereby recommend to the inhabitants of these States in general, to observe, and request the several States to interpose their authority in appointing and commanding the observation of THURSDAY the twenty-eight day of NOVEMBER next, as a day of solemn THANKSGIVING to GOD for all his mercies: and they do further recommend to all ranks, to testify to their gratitude to GOD for his goodness, by a cheerful obedience of his laws, and by promoting, each in his station, and by his influence, the practice of true and undefiled religion, which is the great foundation of public prosperity and national happiness.

Done in Congress, at Philadelphia, the eleventh day of October, in the year of our LORD one thousand seven hundred and eighty-two, and of our Sovereignty and Independence, the seventh.

JOHN HANSON, President.
Charles Thomson, Secretary.

PRINTED AT EXETER.

Justice Scalia: Founders Never Imagined Abortion “Rights”

By Steven Ertelt

In a speech at the University of Richmond in Virginia on Friday, Supreme Court Justice Antonin Scalia confirmed again his view that the Constitution contains no so-called abortion rights.

He told the audience during his speech, that is only now drawing attention, that the founders of the nation never envisioned a right to an abortion when drafting the Constitution that is supposed to guide the federal courts.

Scalia criticized, according to an AP report, those who misinterpret the 14th Amendment’s due process clause to include abortion.

“But some of the liberties the Supreme Court has found to be protected by that word—liberty—nobody thought constituted a liberty when the 14th Amendment was adopted,” Scalia said. “Abortion? It was criminal in all the states.”

Scalia repeated his view that the Constitution should be taken literally, as written, rather than interpreting it to include rights not intended to be protected under law.

“The Constitution says what it says and it doesn’t say anything more. For flexibility, all you need is a legislature and a ballot box,” he added, in terms of how abortion advocates should attempt to change the constitution if they want to have legal abortions.

By allowing the Supreme Court to create rights not enumerated by the Constitution – “you’re allowing five out of nine hotshot lawyers to run the country.”

“Unless the words have meaning and unless judges give them their fair meaning, democracy doesn’t work,” Scalia said during an address entitled “Do Words Matter?”

Earlier this year, Scalia spoke at a conference sponsored by the Mississippi College School of Law and condemned activists who back the use of international law in the U.S. legal system, saying they are selective when they want to use it.

Scalia oppose the use of international law and decisions by foreign courts to interpret the Constitution.

“If there was any thought absolutely foreign to the founders of our country, surely it was the notion that we Americans should be governed the way Europeans are,” he said, according to the Jackson Free Press newspaper.

“I dare say that few of us here would want our life or liberty subject to the disposition of French or Italian criminal justice—not because those systems are unjust, but because we think ours is better,” the pro-life jurist added.

But Scalia says those who advocate using foreign law do so selectively and ignore how many foreign laws oppose abortion and foreign courts have issued decisions allowing pro-life laws and abortion restrictions.

“I will become a believer in the ingenuousness, though never the propriety, of the Court’s newfound respect for the wisdom of foreign minds when it applies that wisdom in the abortion cases,” Scalia said.

[Thank God for Justice Scalia and his view]

This article was orginially published by LiteNews.com, November 23, 2010

Thanksgiving, Roots of Freedom

Thanksgiving is a unique national religious holiday. It was the first religious celebration for the settling and founding of the American state. As noted in previous posts, the first Thanksgiving Day proclamation was in 1619 at the Berkeley Plantation state. The plantations were states because they formed civil societies based on natural law. Later in colonial history, the plantations began forming constitutional forms of governance as well as a confederation. In 1776, all plantation states came together to create the United States of America and to form the first national constitution. All of which, conformed to the Law of Nations.

All of the plantation states were formed based on two-part compacts. Like our national compact consisting of the Declaration of Independence and Constitution, the plantation states (colonies) were founded by a written covenant. The Plymouth Combination is the most famous version.

Although Thanksgiving became a national holiday in the 1960s, there have perpetual proclamations like the Berkeley Plantation Proclamation and many national proclamations like the Continental Thanksgiving Proclamation, for example President George Washington’s Thanksgiving Day Proclamation. Throughout American history, each and every Thanksgiving Proclamation has been a call for collective gratitude to the biblical God with whom the governed consented to covenant with at the signing of the Declaration of Independence.

Therefore, it behooves Americans to continue to repent of wrongs done against God and to offer thanks for helping our ancestors to gain the freedom and inherent rights. Like Esau of biblical history, we have in large measure forfeited our birthright for bread and circus. It might be a good time to reflect on how to regain that birthright of independence as defined in the natural law Declaration of Independence and the Bible.

As a starting point, we might consider the Proclamation given by President George Washington:

Whereas it is the duty of all nations to acknowledge the providence of Almighty God, to obey His will, to be grateful for His benefits, and humbly to implore His protection and favor; and Whereas both Houses of Congress have, by their joint committee, requested me “to recommend to the people of the United States a day of public thanksgiving and prayer, to be observed by acknowledging with grateful hearts the many and signal favors of Almighty God, especially by affording them an opportunity peaceably to establish a form of government for their safety and happiness:”

Now, therefore, I do recommend and assign Thursday, the 26th day of November next, to be devoted by the people of these States to the service of that great and glorious Being who is the beneficent author of all the good that was, that is, or that will be; that we may then all unite in rendering unto Him our sincere and humble thanks for His kind care and protection of the people of this country previous to their becoming a nation; for the signal and manifold mercies and the favorable interpositions of His providence in the course and conclusion of the late war; for the great degree of tranquility, union, and plenty which we have since enjoyed; for the peaceable and rational manner in which we have been enable to establish constitutions of government for our safety and happiness, and particularly the national one now lately instituted’ for the civil and religious liberty with which we are blessed, and the means we have of acquiring and diffusing useful knowledge; and, in general, for all the great and various favors which He has been pleased to confer upon us.

And also that we may then unite in most humbly offering our prayers and supplications to the great Lord and Ruler of Nations and beseech Him to pardon our national and other transgressions; to enable us all, whether in public or private stations, to perform our several and relative duties properly and punctually; to render our National Government a blessing to all the people by constantly being a Government of wise, just, and constitutional laws, discreetly and faithfully executed and obeyed; to protect and guide all sovereigns and nations (especially such as have show kindness to us), and to bless them with good governments, peace, and concord; to promote the knowledge and practice of true religion and virtue, and the increase of science among them and us; and, generally to grant unto all mankind such a degree of temporal prosperity as He alone knows to be best.

Washington also was known to preach biblical sermons to the troops when he though necessary during the Revolutionary War.

FED’s $600 Billion Quantative Easing Tax, Is it Necessary?

Charles Plosser, CEO of Philadelphia’s Federal Reserve, addressed an audience at Cato Institute on the topic of employing monetary policy to prevent asset bubbles, which caused the current recession. He told the audience that using monetary policy to adjust interest rates in order to compensate for asset price gaps (bubbles) was not a good idea. One example given was raising rate on mortgages to restrict rising housing prices. Two reasons for being against employing broad-based monetary policy for individual asset markets like housing were: (1) The risk of wrecking havoc in other parts of the economy is too great, and (2) no precise measure of asset-movement exists by which to form sound rule-based monetary policy. (Read his Cato speech titled “Bubble, Bubble, Toil and Trouble: A Dangerous Brew for Monetary Policy.)

John Mauldin, CEO of Millenium Wave Advisers, came to a similar conclusion about Fed Chairman Ben Bernanke’s decision to inflate the economy through the latest $600 billion quantitative easing. Bernake’s reason was to prevent deflation, which means core inflation rate as measured by the Consumer Price Index (CPI) dropped below 1 percent. Core inflation is all consumer goods except food and energy. Mauldin claims core inflation is actually about 1.5% not 0.6% when housing costs are removed.

There seems to be two reasons Mauldin measures inflation without housing costs: (1) Historically, the Bernanke should have used monetary policy to lower an increasingly high inflation rate back in 2005 that was caused by the housing price bubble. (2) More important is the fact that over the past few years housing cost is growing at near zero percent (see the chart below).

If Puru Saxena, CEO of Hong Kong based Puru Saxena Wealth Management, is right, Bernake’s quantitative easing will not revive the U.S. economy. Just like the previous two stimulus bailouts, quantitative easings never do. (Read his article titled “Band-Aid Solutions

What Bernanke’s cash infusion will do is devalue the dollar. This will causing food, energy, and everything else to rise, which will act as a tax on disposable income. Less disposable means fewer sales. As Mauldin also pointed out, food and energy costs already are high for those with lower income. These people will suffer the most as a result of the Fed’s easy quantitative induced inflation.

There are some creative ideas that could solve the housing price problem. For example, Fannie Mae, Freddie Mac, and FHA could rent their growing stock of foreclosed houses, which would keep some people in their homes. Banks also could lend to investors (landlords) to buy cheap housing if they promise to rent them out. Read Maudlin’s article “O Deflation, Where is Thy Sting?” to learn more.