The Classic Liberal Blog

With Barack Obama comfortably holding onto the lead with only a few weeks to go before the election ... the federal government taking over the banking industry in a text-book example socialism ... the world is becoming a very strange place.

Maybe it's just me ... but I fear for our country, especially if Barack Hussein Obama is elected president.

His corrupt background and shady associations simply do not matter to most.  Our American ideals have been completely thrown out the window, in a mass effort to promote a young man who nobody even knew less than 2 short years ago.  For Obama is no ordinary politician ... he is "The One" - a Cult of Personality.

The notion of buying low and selling high is easy in thought and hard in practice. Success breeds ego and misery loves company. So when we're all buying, we're all bragging, and when we're all selling we're all crying together. This demonstrates extreme thought and behavior. We're more comfortable doing what other people are doing - perhaps even not in our own interest.

For example, investors are currently willing to accept - 5% inflation-adjusted real returns in exchange for the illusion of safety. This demonstration of extreme fear is a result of billions of dollars chasing the protection of short-term government t-bills. They believe by doing this their cash will retain it's value, when in fact it is losing value at the rate of inflation. That's because the herd rush into the perceived safety of the t-bill, has pushed it's yield down next to nothing. This is clearly irrational, yet many people seem compulsively drawn together to do this. There is comfort in a crowd - it is easier to be wrong along with everybody else, than it is to stand alone.

David Talbot wrote an interesting article in Salon.  Well ... actually it's a lame attempt "hit piece" on Sarah Palin, so let's take a look at his charge that Sarah and Todd Palin are "un-American".  The article starts off with this:
The Palins' un-American activities
"My government is my worst enemy. I'm going to fight them with any means at hand."
This was former revolutionary terrorist Bill Ayers back in his old Weather Underground days, right? Imagine what Sarah Palin is going to do with this incendiary quote as she tears into Barack Obama this week.
Only one problem. The quote is from Joe Vogler, the raging anti-American who founded the Alaska Independence Party. Inconveniently for Palin, that's the very same secessionist party that her husband, Todd, belonged to for seven years and that she sent a shout-out to as Alaska governor earlier this year. ("Keep up the good work," Palin told AIP members. "And God bless you.")
AIP chairwoman Lynette Clark told me recently that Sarah Palin is her kind of gal. "She's Alaskan to the bone ... she sounds just like Joe Vogler."

Is this an act of treason as Talbot charges?  Let's take a look ...

Kenyan Prime Minister Raila Odinga claims to be Barack Obama's cousin.  His claim is both true and false.  It's false in the sense that they aren't cousins as we consider someone a cousin, by blood.  However, it is true in the Kenyan tribal tradition, because both their fathers are from the Luo tribe.

Codel Obama is the official name of the trip the young senator made to Kenya in 2006.  Due to his African heritage, Obama was treated like a "head of state".  During his trip, Obama campaigned significantly for Raila Odinga. In fact, his partisan support for Odinga was so transparent, Kenyan Government spokesman, Alfred Matua, complained of political posturing to ...

In what has become a common theme for the Obama campaign, a man gets detained and deported.

Jerome Corsi, author of the best-selling book "The Obama Nation", was detained by the government of Kenya minutes before a press conference in which he said he would "expose details of deep secret ties between U.S. Democratic presidential candidate Barack Obama and a section of Kenya government leaders, their connection to certain sectoral groups in Kenya and subsequent plot to be executed in Kenya should Senator Obama win the American presidency."

Barack Hussein Obama and Kenya Prime Minister Raila Odinga have been in regular contact since Obama's 2006 trip to Kenya.  Corsi was to report on ...

I don't want to get all conspiratorial and everything, but things keep getting stranger.

The DOW dropped below 10,000, even after Washington passed "The Fleecing of American Taxpayers Act".  It's obvious - the markets don't feel the same about the package as Washington does.  I wonder ...
Why would an investor commit capital where if things go wrong, the government will step in and totally wipe them out?

The artificial credit expansion of the Federal Reserve over the past 15 years is reaching it's ultimate conclusion.  The massive technological advancements which have increased productivity, have only masked the run-away inflation we've experienced.  Instead of seeing large reductions in price and a healthier economy, the "money and credit" binge has put us in the position of potential disaster.  As measured by M3 (money supply in banknotes and deposits), the money supply has grown at an annual average rate of 10%.

In the short-run, artificial money expansion appears to be beneficial, but simply increasing the medium of exchange (dollars) does nothing to create real wealth.  First we had the stock market bubble, then the real estate bubble, and since it's quite obvious that the fall isn't over, you have to ask yourself ... what's next?

The federal government seems to be preparing for something. I can't say for sure what it is, but civil unrest is certainly on their minds.

In North Korea, the children sing songs of praise to their leader, Kim Jung Il.  Barack Obama has yet to even be elected, and the children are singing songs of praise ... not about America ... but in honor (worship?) of Obama.

The bill that became law this week to save us from alleged Armageddon, is an abomination of everything America stands for!

Despite flooding Washington with phone calls and emails to tell these people who work for us to vote "NO", the Political Class went ahead and robbed American taxpayers of their hard-earned money, socialized a large portion of our financial system, and porked it up like there's no tomorrow.

Highlights from "The Fleecing of American Taxpayers Act":

$6 million welfare for manufacturers of kids wooden arrows.
$192 million welfare for Puerto Rican and Virgin Islands rum manufacturers.
$128 million welfare for auto-racing tracks.
$33 million welfare for corporations operating in American Samoa.
$10 million welfare for film production.
$233 million welfare for fisherman affected by the ...