Monday, April 11, 2011

Steve Peters Commentary - #2803 - Gov. Walker Vows: Unions Won't Steal Prosser Election Win - Newsmax (2) Gov. Walker Vows: Unions Won't Steal Prosser Election Win - Newsmax (3) Michael Barone: Spending Cuts Are Hot in the Political Marketplace - Townhall

Wisconsin Gov. Scott Walker is vowing to Newsmax readers that organized labor will not steal back the dramatic come-from-behind victory of Supreme Court Justice David Prosser even if unions end up paying for a recount. On Friday, Gov. Walker visited Newsmax and its CEO, Christopher Ruddy, at the company's West Palm Beach, Fla. headquarters. In his exclusive interview with Newsmax.TV -- part of a national tour to drum up national support for his dramatic fight against public unions who are seeking recall elections of Walker allies in the Wisconsin legislature -- the Republican governor says there is no way any legitimate recount would result in a victory for Prosser's liberal opponent. But that doesn't remove the threat. Under Wisconsin law organized labor can get a recount if they're woking to pay for it. Walker says unions hope to replicate in Wisconsin “what was pulled off with Senator [Al] Franken in Minnesota." He promises, though, that Republicans will be on guard against any post-election ballot shenanigans. Read more......

When Will Fed-Created Melt-Up Turn Into a Meltdown? Minyanville - The  chart says it all. The Fed’s aggressive Treasury monetization has been the causa proxima (90-percent correlation) to the peddle-to-the-metal Minsky Meltup in commodities. I suspected this would be the effect but confess I did not believe the Fed and government could be so irrational as to attempt it, especially with the blowback evident by year end.   Read more....... SP: The tsunami of dollars we are printing will soon wash over us in the form of double digit inflation. We have had the printing presses running on overtime for far to long. Inflation is easy to start, but extremely hard and painful to wring out of an economy. It can even feel comforting at first, when it follows several years of slow growth or price deflation. There are multiple ways for a nation living beyond its means to default on its debt. The United States seems destined to have a slow default by keeping the printing pressing running, and paying back its debt with heavily discounted dollars in the future. How bad it becomes, depends on how soon we start acting like adults, by facing up to the fact that we have been spending money that we do not have, and have not earned.


Michael Barone - Spending Cuts Are Hot in the Political Marketplace - Townhall - One of the things that fascinate me about American politics is how the voices of the voters as registered in elections and polls are transformed into changes in public policy. It's a rough-and-ready process, with plenty of trial and error. But for all its imperfections, the political market seems to work. Three developments during the past week illustrate this process -- developments, not results, because each is part of an ongoing struggle that will not be resolved soon. The first was Tuesday's election for the Wisconsin Supreme Court. Democrats and public employee unions rallied against the bill sponsored by Republican Gov. Scott Walker and passed by the Legislature scaling back public employee unions' bargaining privileges and stopping the automatic flow of dues money from the state treasury to the unions and their allies in the Democratic Party. Read more........SP: There is hope for America, real change is coming, just not the kind Obama and the liberal Democrats had envisioned. All that is necessary is for conservatives to maintain their energies, enthusiasm, and communicate their message effectively to others who will listen. We are a center right nation, and need to continue to stand strong against the radical Democrats goal of a marxist society, where the takers out number the producers.

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