Dear Congressman Frank

Barney Frank is hysterically funny on CNBC this morning. Carl Quintinilla asked Congressman Frank (I'm paraphrasing) whether the government would a) allow inflation to become a problem or b) tighten too quickly and slow economic growth. I'm going to try to quote Rep. Frank exactly, but watch the video (first 30 seconds).

Well, it's interesting. I guess that's kinda' the media approach. Nobody says we might get it right.

With all due respect, Congressman Frank, if it were possible for the government to "get it right," we wouldn't be in this situation to begin with. Congressman, you were the one who said in Congressional hearings on the systemic risk posed by Fannie Mae and Freddie Mac, that you'd "like to roll the dice a little bit."

Well you rolled the dice, and Alan Greenspan and Ben Bernanke rolled the dice, and the mortgage originators rolled the dice and the investment banks rolled the dice--all at your prodding--and here we are. For you to now say that "we might get it right" doesn't pass the laugh test--literally. I laughed out loud at how hysterically preposterous your comment was. Why? Because you and your cohorts in Congress will not allow the Fed to get it right. At the first sign of monetary tightening, you will haul Ben Bernanke, whom you praised so highly in this video, before your committee to grill him on how he can condemn millions of Americans to the unemployement rolls.

You, sir, should be a stand-up comedian, because you are not a serious policy maker.

Spending Is The Tax

I could not improve on the title of this post by Jerry O'Driscoll. It's a short post, so read the whole thing.

See my (loosely) related post here.

UPDATE: I heard someone on CNBC today finally say what I've been saying for months regarding the stimulus package, to wit: the money has to come from somewhere.

Is the Obama administration as a RICO enterprise?

George Will has an article in the WaPo today entitled, "Tincture of Lawlessness: Obama's Overreaching Economic Policies". As the title suggests, Will puts forth the notion that Obama is willing to ignore the law. I want to go on record that Obama's actions go beyond "lawlessness."

The Obama administration is a RICO enterprise. Below is the operative sentence--in the Department of Justice's own language--about the scope of the RICO statute.

...the statute is sufficiently broad to encompass illegal activities relating to any enterprise affecting interstate or foreign commerce.

What could be more organized or illegal than circumventing the bankruptcy laws as Obama did in the Chrysler deal? What more corrupt organizations could Obama be involved with than the United Auto Workers union, not to mention the United States House of Representatives?

Finally, just look at the following comparisons between a well-known gangster--Al Capone--and a well-known Obama crony--Rahm Emanual. Both started their careers in Chicago. Both used profanity as a tool for manipulating their opponents. Both achieved diminutive statures.

If that doesn't prove the connection between the Mafia and Obama, what does?