• Pragerisms

    For a more comprehensive list of Pragerisms visit
    Dennis Prager Wisdom.

    • "The left is far more interested in gaining power than in creating wealth."
    • "Without wisdom, goodness is worthless."
    • "I prefer clarity to agreement."
    • "First tell the truth, then state your opinion."
    • "Being on the Left means never having to say you're sorry."
    • "If you don't fight evil, you fight gobal warming."
    • "There are things that are so dumb, you have to learn them."
  • Liberalism’s Seven Deadly Sins

    • Sexism
    • Intolerance
    • Xenophobia
    • Racism
    • Islamophobia
    • Bigotry
    • Homophobia

    A liberal need only accuse you of one of the above in order to end all discussion and excuse himself from further elucidation of his position.

  • Glenn’s Reading List for Die-Hard Pragerites

    • Bolton, John - Surrender is not an Option
    • Bruce, Tammy - The Thought Police; The New American Revolution; The Death of Right and Wrong
    • Charen, Mona - DoGooders:How Liberals Hurt Those They Claim to Help
    • Coulter, Ann - If Democrats Had Any Brains, They'd Be Republicans; Slander
    • Dalrymple, Theodore - In Praise of Prejudice; Our Culture, What's Left of It
    • Doyle, William - Inside the Oval Office
    • Elder, Larry - Stupid Black Men: How to Play the Race Card--and Lose
    • Frankl, Victor - Man's Search for Meaning
    • Flynn, Daniel - Intellectual Morons
    • Fund, John - Stealing Elections
    • Friedman, George - America's Secret War
    • Goldberg, Bernard - Bias; Arrogance
    • Goldberg, Jonah - Liberal Fascism
    • Herson, James - Tales from the Left Coast
    • Horowitz, David - Left Illusions; The Professors
    • Klein, Edward - The Truth about Hillary
    • Mnookin, Seth - Hard News: Twenty-one Brutal Months at The New York Times and How They Changed the American Media
    • Morris, Dick - Because He Could; Rewriting History
    • O'Beirne, Kate - Women Who Make the World Worse
    • Olson, Barbara - The Final Days: The Last, Desperate Abuses of Power by the Clinton White House
    • O'Neill, John - Unfit For Command
    • Piereson, James - Camelot and the Cultural Revolution: How the Assassination of John F. Kennedy Shattered American Liberalism
    • Prager, Dennis - Think A Second Time
    • Sharansky, Natan - The Case for Democracy
    • Stein, Ben - Can America Survive? The Rage of the Left, the Truth, and What to Do About It
    • Steyn, Mark - America Alone
    • Stephanopolous, George - All Too Human
    • Thomas, Clarence - My Grandfather's Son
    • Timmerman, Kenneth - Shadow Warriors
    • Williams, Juan - Enough: The Phony Leaders, Dead-End Movements, and Culture of Failure That Are Undermining Black America--and What We Can Do About It
    • Wright, Lawrence - The Looming Tower

Obama’s Disdain for America Exposed at the United Nations

The following article was found at today’s PowerLine:

“The Obama administration has a message for the world. The message is something along these lines: The United States is very bad, but Barack Obama is very good. He seeks to redeem America from its evil.

Eye on the UN has compiled the disgusting video below of the United States abasing itself before some of the most reprehensible regimes in the world. I believe this is what goes under the name of “smart diplomacy” in the Obama administration.

The video depicts in condensed form the three-hour appearance of the United States in the dock at the UN Human Rights Council to present its first-ever universal periodic review report and receive recommendations for improvement from council members. Eye on the UN’s Anne Bayefsky explained at the time that 56 countries lined up for the opportunity to have at the U.S. representatives, many standing in line overnight for the opporunity to be near the top of the list. Making it to the head of the line were Cuba, Venezuela, Russia, Iran, Nicaragua, Bolivia, and North Korea.

Assistant Secretary of State Michael Posner made an appearance to play his designated role demeaning the United States on behalf of the Obama administration. Posner replied “thanks to very many of the delegations for thoughtful comments and suggestions” shortly after Cuba said the U.S. blockade of Cuba was a “crime of genocide,” Iran “condemned and expressed its deep concern over the situation of human rights” in the United States, and North Korea said it was “concerned by systematic widespread violations committed by the United States at home and abroad.”

Carl in Jerusalem aptly comments: “The key foreign policy goal of the Obama administration is to destroy the notion that America is an exceptional nation, and to cut it down to the same size as brutal dictatorships around the world. Trying to cut down America’s most feisty ally by forcing it into a situation where it will have to fight for its very existence is part of the same ‘strategy.’”

Please click below to view the Obama leadership, his  influence and successes at the United Nations Human Rights Council:      

http://www.youtube.com/watch?v=UuB9UeQJVwM

Throughout the world this Obama administration has represented America as a criminal nation.  It is not chic to call the president traitorous.   Use whatever word you believe is most appropriate.  Is this the ‘change’ you expected from his election to the presidency two years ago.    You should have expected it if you would have read something about the man, his church, his schooling, his training, and his behavior in Chicago.

He is the man who said he would be…..a Marxist who hates the country he ‘leads’.

Bleeding Purple with the Minnesota Vikings

Most Minnesotans are not particularly interested in professional sports, I suppose.   Most of those who are bleed purple.   Fewer yet are season ticket holders as I and my son have been for nearly 15 years. 

Some call watching the Vikings “entertainment”.   My son  enjoys the games.  He is always a fan and an optimist.   I suffer from the pain.  I am a realist.   I know each game will be painful to watch.  There is something in our northern drinking water which doesn’t permit the Vikings from starting a game until after half time. 

  With rare exception Viking teams lose when they are supposed to and almost always do so  on the road,  but win just enough over the years at home to lure spectators to wonder what the next season might be like and sucker again into buying tickets.    My son and I both love watching well-played football, but few things in our lives stir argument as quickly and reliably as Viking talk.  

I really like the Wilfs, the present ownership of the team.  They enjoy owning the team and producing a winning product.  They seem to be high quality people, ‘mentsch’ I think they are called in some circles.  I believe they are true problem solvers and I wish them luck developing a home for the Vikings in the Twin Cities soon.

I doubt that will happen and expect the pompous in the Cities let them travel elsewhere.   

I did not argue with my son when Brad Childress was hired.  I liked the previous coach, Mike Tice, very much, but he was so involved with the players and was so emotional with every play, the team would rise and fall with Tice’s meteoric moods on the side lines.   I think the players enjoyed playing for him.   He was smart enough to know that outside of winning championships, the most important part of a Viking coach’s job is to beat the hated Packers.  Tice always had his teams prepared to play the Packers.

From the first day as a Viking Mr. Childress proved he was allergic to people.  It is tough in life for people, no matter how gifted they might be, to have no discernible sense of humor.  Worse yet, if they appear to be unhappy….grumpy even nearly all the time and whose language is often something else than what is meant. 

There are a lot of boys who play professional football.  Despite what some players say, coaches make a helluva difference in how they play and win.

There is no coach in professional football the equal of Bill Belichick, a real student and scientist of the game.  His personality is hidden well beneath his powerful drive to win.   Looking at his results, he must be a terrific teacher of the game as well.   Above all, he owns  a  superior gift of placing talent perfectly where talent available will yield the best return.   His is not imprisoned by the hum drum of the ordinary.  Players do play for him.   There are certain people in life, usually ones Dad, whom a guy would never want to disappoint.  This coach has to be one of them.

I don’t know much about Leslie Frazier, the Vikings defensive co-ordinator declared interim head coach.   He has been a good defensive co-ordinator despite a poorer season thus far this year.   His rare but winsome appearances on television seem to me he’s a guy I would love to help win games if I would have had a chance.  But discipline is so important.  How capable is a team playing out the entire 60 minutes of the game.  How well were they prepared to comlpete, both mentally and physically? 

The Vikings and Brad Childress were given a horrendous schedule to start the season off.   They could not dare make a single mistake, but wound up making just one too many until this past week when they, playing Green Bay were not prepared to compete. 

Ziggy Wilf made a good decision to replace the coach to save room for some respect for the team the rest of the season.   I wish them good luck, not only for my entertainment, but for their own successful futures in the sport.  If nothing else, last year was a terrific run and had the Twin Cities had been devastated by a tornado or flood,  a penalty would have been called on the hit which crippled Favre at the end of regulation giving the Vikings the win to move on.

The Vikings are the only competitive show in the Twin Cities, a very, very small and rather unpopular community.   The Twins are forever B-Squad to those teams from the bigger markets, even though they give it a good try.  The Timberwolves are perennial grubworms, and the Wild are the Wild.   The University of Minnesota sports program has been loosers for decades.   Minnesota politics demand equality over talent.

Look to the immediate future when the Vikings will be moving out of town for good.   What do you see?

Chris Christie Reviews Apology From Teacher Union Official Who Prayed for His Death!

Unions are among the most powerful institutions in America.  They have money and are interested in politics and power.  They support Democrat and Socialist political programs and candidates whether their members like it or not.

In New Jersey the powerful and very wealthy Teachers’ Union does not like their Governor, Chris Christie.  It has spent millions upon millions of dollars in advertising for Chris Christie’s  defeat in his election and failing to defeat him, in his efforts to return New Jersery to financial solvency.   

Not long ago one of its local union  officers sent out an email asking fellow teachers to pray  for the Governor’s death.  Recently a top teachers’ union official was invited to the Governor’s office to consider an apology.

Mr. Christie has certain gifts of speech, thought and attitude that are deeply appreciated by people from my generation, especially guys over 75 years old…..old enough to know when a spade was a spade.

Please click on below for Governor Christie’s review of the apology:

http://hotair.com/archives/2010/11/20/awesome-chris-christie-tells-of-apology-from-president-of-teachers-union/

Lesson to be learned:   Beware of people such as Barack Obama, who have no sense of humor. 

Click on below for Governor Christie’s reponse to a Liberal reporter complaining about the Governor’s tone:

http://www.youtube.com/watch?v=aIxTMxul3_U

Many thanks to Governor Christie fan, Mark Waldeland and his wife Gretchen for bringing this video to my attention.

Dick Morris: Is this the Beginning of the Barack Obama Marxist Dictatorship?

Dick Morris, Obama antagonist, writes the following article titled, “Obama Using Executive Orders to Implement Radical Agenda” at Dick Morris.com.

“Does President Obama plan to move to the center in response to his overwhelming rejection at the polls on November 2nd?  No way!  Instead, he is moving to implement, through executive action, two of the most controversial items in his 2010 agenda — a carbon tax and pollution permit system and a ban on the use of secret ballots in union elections.  Through executive action by the Environmental Protection Administration (EPA) and the National Labor Relations Board (NLRB), the Obama Administration is planning to effectuate both policies without asking Congress.

Never mind that he couldn’t persuade even a top heavy Democratic Congress to pass either program.  Or that public opinion polls show massive rejection of both measures.  Or that each is a sure job killer by itself — and together, they are even worse.  This arrogant, ideologically-driven radical is determined to have his way and the public be damned!

The EPA is currently soliciting public comments for its plan to use the Clean Air Act of 1970 to regulate carbon dioxide emissions.  The Clean Air Act, as the name indicates, is designed to fight against pollution — unhealthy chemicals that are belched into the air by smokestacks.  It was passed to fight sulfur dioxide, particulates, nitrous oxides and other chemicals that cause human diseases.  To use it to fight carbon dioxide — which we all breathe without ill effects — because of concerns about global warming — is a perversion of the law.Worse, because the Clean Air Act is designed to protect public health by measuring aggregate pollution in each geographic area, it limits economic development in communities where the pollution levels exceed prescribed standards.  But carbon dioxide doesn’t poison anyone.  It makes no sense to ban factory expansion in areas where the nature of the industries is that there will be high carbon dioxide levels (like oil area of Texas and Louisiana).  But that’s what the EPA plans to do, virtually making economic growth illegal in large parts of the United States.

Meanwhile, Craig Becker, the former chief counsel of the SEIU (Service Employees International Union) — now the head of the NLRB — has secured a 3-2 majority party line majority to repeal the Dana decision which mandates secret ballots in unionization elections.  The NLRB will rule that if a majority of workers check off that they want a union on cards then the union will automatically be approved without a secret ballot vote of the entire workforce.  Currently, if a majority of the workers sign the cards, a secret ballot vote is then triggered.  Frequently, the union loses these elections, proving that the card check off is subject to coercion and bullying.  The Democratic majority in the Senate wouldn’t approve the card check change so the NLRB is planning to accomplish the same objective administratively, trapping workers into unionization they would reject if afforded the opportunity to vote by secret ballot.

Both the pollution permit/carbon tax and the forced unionization proposals will be job killers.  The U.S. has maintained its 25% share of global manufacturing by replacing workers with energy driven machines.  In the past ten years, the number of manufacturing employees has declined by 33% but our production has risen by 50%.  But automation takes energy — lots of it — by taxing energy, we are eliminating the strategy that has preserved our jobs.  And massive unionization of the private sector will also drive out our jobs.  Since 1990, unionized manufacturing jobs have declined by 75%.  But non-union manufacturing jobs have actually risen over the same period by 15%.

After he lost Congress in 1992, Bill Clinton, too, resorted to executive orders to maintain his momentum as president.  With Congress unwilling to pass anything he proposed, the president canvassed the Administration for ideas that could be implemented by executive orders.  A very productive period followed during which tobacco regulation, higher educational standards, affirmative action reform, and other key measures were implemented without asking Congress’ permission.  But Clinton’s executive orders were on subjects on which Congress had not voted.  They did not contradict the express will of the body.  Obama is using the strategy to act in direct defiance of Congressional action.  He is passing ideas Congress refused to pass, even when he had huge majorities.

Obama will live to regret these moves.  Republicans in the House will defund these actions and insert legislative language making it a crime to spend appropriated funds to implement them.  By this strategy, all of the controversial Obama legislation will be at issue during the budget fight — taxes, Obamacare, cap and trade, and card check.  The more these issues are inserted into the budget fight, the greater the chances of Republican victory.

So President Obama has not learned the lessons of 2010 and likely never will.”

Comment:  President Obama, the Marxist, knows exactly what the lessons of 2010 are……lessons to hurry his agenda along to establish his Marxist authoritarian framework for the American people are still not smart enough  to know the glories of Obamafication of American life. 

Congress, the Constitution, the States, Democracy….. meaningless words from  ”Old America”, the America  his royal highness, Barack Hussein Obama promised to ‘change’…..into Barack America, the land Americans have been waiting for…..the land without such irritations to Obamachange such as Congress, the Constitution, the States, Democracy.

 Like Hugo Chavez in Venezuela, America is to be run my Marxist autocrats, not by law.

“Damn the people. Full speed ahead!  (The code of the Progressive.)


Irish EU-IMF Bailout Pricey….How about EU-IMF Bailing Out California?

Bailouts are popular these days.  New Jersey is attempting to solve its own financial problems of government overspending for decade, but so have other socialist governments…..Greece, Portugal, Spain, Ireland, California, New York….and so on. 

Who will bail out Obama’s America?

We should know something about bailouts, so let’s look at Ireland and the EU-IMF bailout, so I offer our Prager readers Andrew Davis’ article at Bloomberg, “Irish EU-IMF Rescue Would Dwarf Greek Bailout on Bank Costs”:

“Ireland will seek emergency international aid totaling as much as 60 percent of the size of its economy, dwarfing the Greek bailout, to save its banks and bolster its finances.

Ireland will ask for about 95 billion euros ($130 billion) from the European Union and International Monetary Fund, Goldman Sachs Group Inc. estimates. UniCredit SA put the package at as much as 85 billion euros, while Deutsche Bank AG sees a 90 billion-euro plan. The 110 billion-euro aid for Greece in May was the equivalent of 47 percent of its gross domestic product.

The cost of bailing out Ireland will be inflated by the price of shoring up its banking system, which Goldman puts at almost a third of the total request. The bursting of the real- estate bubble in 2008 pushed its banks close to collapse and plunged the country into recession.

“Good news in the short run does not mean problem solved,” Ken Wattret, chief euro-area economist at BNP Paribas in London, wrote in a note to investors today. “As we saw with Greece, securing financial support does not eradicate the underlying problem: the need for multi-year fiscal austerity to win back the markets confidence over the outlook for the public finances. That is going to be tough.”

Peripheral Risk

Ireland moved toward accepting a bailout under pressure from EU and European Central Bank leaders to stem contagion across Europe’s so-called peripheral markets. The extra yield investors demand to hold 10-year Irish debt over German bunds jumped to a record 652 basis points on Nov. 11. Portuguese and Italian spreads also rose to records this month.

Ireland will tap the 750 billion-euro European Financial Stability Facility set up in May as a financial lifeline for the rest of the euro region after Greece needed an emergency bailout of three-year loans from the EU and IMF.

The cost of a bailout on the Irish scale for Portugal, seen as the next weakest link among the EU’s high-deficit countries, would cost 100 billion euros, based on a package of 60 percent of GDP. For Spain, whose banks have also come under strain from the collapse of its real-estate bubble, a bailout of 60 percent of GDP would cost 632 billion euros. For Italy, the region’s second-most indebted nation after Greece, the figure would be 912 billion euros.”

Comment:  750 billion euros equals about $1,000,000,000,000…….Jerry Brown, old new Governor of California and his Democrat Party government in that state will spend that funding in no time at all…..You and I dear Americans who don’t live in California will be paying for the California bailout, not the EU.  

Talking about taxation without Representation!

Knowing Black Racism Better By Knowing What Black Racism Is

The following article was written recently by Black Man, Bob Herbert,  of the New York Times.   Modern Black Racism in America  is a crippling disease of the race worse than the population’s proclivity to sickle cell anemia.   It is a disease transmitted by both Black and White populations primarily fans and activists arising from the American Democrat  Party.

It is a disease based on a myth buoyed by propaganda of the twistings of historic realities.  It had been a vital tool in the American Democrat Party to advance its socialist progressive agendas.

Mr. Herbert’s article in the New York Times is titled:  “This Raging Fire”.

 ”When I was a kid my Uncle Robert, for whom I was named, used to say that blacks needed to “fight on all fronts, at home and abroad.”

By that he meant that while it was critically important to fight against racial injustice and oppression, it was just as important to support, nurture and fight on behalf of one’s family and community.

Uncle Robert (my father always called him Jim — don’t ask) died many years ago, but he came to mind as I was going over the dismal information in a new report about the tragic conditions confronting a large portion of America’s black population, especially black males.

We know by now, of course, that the situation is grave. We know that more than a third of black children live in poverty; that more than 70 percent are born to unwed mothers; that by the time they reach their mid-30s, a majority of black men without a high school diploma has spent time in prison. We know all this, but no one seems to know how to turn things around. No one has been able to stop this steady plunge of young black Americans into a socioeconomic abyss.

Now comes a report from the Council of the Great City Schools that ought to grab the attention of anyone who cares about black youngsters, starting with those parents who have shortchanged their children on a scale so monstrous that it is difficult to fully grasp.

The report, titled “ Call for Change,” begins by saying that “the nation’s young black males are in a state of crisis” and describes their condition as “a national catastrophe.” It tells us that black males remain far behind their schoolmates in academic achievement and that they drop out of school at nearly twice the rate of whites.

Black children — boys and girls — are three times more likely to live in single-parent households than white children and twice as likely to live in a home where no parent has full-time or year-round employment.

In 2008, black males were imprisoned at a rate six-and-a-half times higher than white males.

The terrible economic downturn has made it more difficult than ever to douse this raging fire that is consuming the life prospects of so many young blacks, and the growing sentiment in Washington is to do even less to help any Americans in need. It is inconceivable in this atmosphere that blacks themselves will not mobilize in a major way to save these young people. I see no other alternative.

The first and most important step would be a major effort to begin knitting the black family back together. There is no way to overstate the myriad risks faced by children whose parents have effectively abandoned them. It’s the family that protects the child against ignorance and physical harm, that offers emotional security and the foundation for a strong sense of self, that enables a child to believe — truly — that wonderful things are possible.

All of that is missing in the lives of too many black children.

I wouldn’t for a moment discount the terrible toll that racial and economic injustice have taken, decade after decade, on the lives of millions of black Americans. But that is no reason to abandon one’s children or give in to the continued onslaught of those who would do you ill. One has to fight on all fronts, as my Uncle Robert said.

Black men need to be in the home, providing for their children. The community at large — including the many who have done well, who have secured a place in the middle or upper classes — needs to coalesce to provide support and assistance to those still struggling.

Dorothy Height, the longtime president of the National Council of Negro Women, who died in April at the age of 98, always insisted that blacks “have survived because of family.” And she counseled: “No one will do for you what you need to do for yourself.”

There are many people already hard at work on these matters, but leadership is needed to vastly expand and maximize those efforts. Cultural change comes hard, and takes a long time, but nothing short of a profound cultural change is essential. Let the message go out that walking down the aisle carries with it great responsibilities but can also be great fun, and watching your kid graduate with honors is a blast.

Black children can’t wait for Washington to get its act together. They don’t have time to wait for the economy to improve. They need mom and dad and the larger community to act now, to do the right thing without delay.

This is not a fight only for blacks. All allies are welcome. But the cultural imperative lies overwhelmingly with the black community itself.”

Comment:  It is about time Black Man Bob Herbert and countless numbers of other Black Man “Jones or Smith or Abdullah or whatever wake up, and rise up from the oppression in which they live and over the past half century or more, have pretty much created the world in which they now sulk. 

Mr. White Man isn’t too far behind in his slide into the same pit of drugs, ignorance, violence, and sociopathic disorder.

We have been living in a cultural dictatorship regarding the Black Race in America for a half a century.  For 50 years  nothing but glory and  adulations,  were allowed to be pronounced in public about things Black in America.  These conditions  for censorship arose from the Democrat Party for political advantage and from  their allies instructors at university.   Most believe these folks meant well.

Despite the programming  to control the American mind,  racism and the distance between the greatest  division in the America cultural character, that between its white and Negro citizens,  was reduced by the rise of real, not erzatz heroes from that minority in the military, in the nation’s music, and sports arenas……some beloved, most respected and honored.   Their achievements were made honestly in the public arena of private enterprise.

But the Leftwing authoritarians gave America’s Blacks  the  welfare programs at roughly the same time destroying its family structure.  The same authoritarians devised forced busings another disaster to the general American community.

Mr. Herbert refer’s to his Uncle Robert for the universal “birth rite” of so many Blacks to be raised in dependency and with dependency’s disease – hate.   The enemy

Bob Herbert seems to be a fine man, a successful and responsible man.  But Mr. Herbert is Black Man Robert Herbert…..an American who for whatever reason from his upbringing, is BLACK first…….I have read Mr. Herbert’s column for years…..His biases are constant racially.   He writes ‘black’.  His enemy was, and, I believe it still is,  his country, for he was raised to “fight on all fronts, at home or abroad”……against whom?   a race! 

I taught in a troubled predominantly black inner city high school  in 1971-2.   Violence, truancy, crime, disorder overwhelmed the institution.  Civilization had been compromised.    Everything in disorder whether in the school or of the schools, whether in the black family or of the black family was blamed on whitey.   Deception was valued far higher than honesty.

Adults were not in control.   In any community, black or white,  when adults no longer lead or at least feel personally responsible for their own  doings and also the doings  of their own family members, civilized behavior disappears.

American culture has tanked over the same fifty years.   The vulgar in the community seek equal rights and equal expressions.   Mankind is being made more animal.  No civilization can long survive without sound “family” order.

“Black Man Bob Herbert” writes about his black community.   He should be writing about the American community.  The diseases are the same, but more advanced in some areas.   Except for the racism distribution.

The overwhelming burden   coming from institutionalized rituals of Black racism here in America, is too heavy to carry through another generation.  

Overwhelmingly white America has accepted its black brothers and sisters, inner city warts an all.   The disapprovals are not based on the race, but on the behavior.

What’s QE2? ANSWER: Obama’s Plan for Americans to Share Poverty More Equally

My mortgage man, Tim Zemanovic, sent me the following bare, cold, and minimum worded  announcement of what Obama’s braintrust, QE2 entails as Mortgage News:

“In the statement released after its November meeting, the Federal Reserve announced that it will purchase a further $600 Billion of longer-term Treasury securities by the end of the second quarter of 2011, in what is known as another round of Quantitative Easing (or QE2).

To help you understand what this means to the economy and to you, let’s break down the details, starting with what Quantitative Easing is and the reasons behind this move by the Fed.

What is Quantitative Easing?Quantitative Easing is the concept of the Fed becoming a heavy buyer of Treasuries and Bonds. This is done to artificially cause those security prices to move higher under the increased demand. That demand should, in turn, cause interest rates to move lower with the hope of stimulating the economy.

What other impacts might it have?QE2 will almost assuredly hurt the US Dollar, which helps make US exports more affordable abroad as well as make imports appear relatively more expensive. Such a shift helps large multi-national companies, which have a large influence on the economy and the major Stock market indices.

Of course, the Fed can’t outright say it is trying to weaken the currency. After all, haven’t many members of Congress and the Administration been bashing China for currency manipulation?

But the point is, even if QE2 doesn’t have a direct impact, the drop in currency value can be very beneficial to corporations and Stocks.

How can QE2 impact home loan rates?While Stocks should benefit from another round of Quantitative Easing, Bonds may have a different reaction. And that brings us to the heart of what you need to know: What does QE2 mean to Bonds and home loan rates?

With another round of Quantitative Easing, Bond prices should initially improve because QE2 includes large Bond purchases.

But…the key word is “initially.” That’s because, even if Bonds show signs of initially improving, the eventual softening of the Dollar, rising commodity prices, and rise in Stock prices could become a drag on Bonds, which would negatively impact home loan rates.

The bottom line is, QE2 and a weaker US Dollar may make our exports more attractive to foreign buyers, but it may ultimately drive rates higher. That’s an important point to consider if you’re thinking about refinancing or purchasing a new home. The reality is, home loan rates are still near historic lows, but won’t be forever.”

Comment:   Introducing $600,000,000,000 of  junk paper and printing it  as dollars  and dumping it on the world market is simply going to make the junk paper printings already in the American pocket worth less and less.

This is Marxist graduate student, Barack Obama’s, idea of stimulating business…..by making the American dollar able to buy less……..so the American middle class can share poverty more equally.

That foreign governments which used to value the American dollar as a stable world currency are going to accept  this Obama subterfuge without consequenses isn’t mentioned in the above Mortgage News article.

Are American citizens going to sing happy songs when a loaf of bread costs over $10.00 and rising?   How about gasoline at the pump at $15 per gallon?

Should there still be an Obama in our American future?

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