BrooksNews 7th Oct 2008

BrookesNews Update

The US is definitely in recession

http://brookesnews.com/080610usinrecession.html

In the second quarter of the year GDP grew by 2.8 per cent. This was up from the 0.9 per cent increase posted in the first quarter. With GDP positive there can be no recession. Wrong. The US is definitely in recession

Can congress save the US economy from recession?

http://brookesnews.com/080610rescuepachage.html

Supporters of the rescue package believe that without it there would be severe economic disruptions. This amounts to financial support at the expense of the taxpayer for a variety of phoney financial activities. The result is more political controls that will hamper genuine economic growth

Why the congressional bailout won't solve the credit crisis

http://brookesnews.com/080610crisisgovernment.html

The bailout cannot solve the problem because the real problem is one of lousy economics and an equally lousy understanding of economic history as well as the history of economic thought. So we can all look forward to more economic crises followed by more destructive politically inspired intervention

Brumby urges Rudd to flood the economy with 'cheap credit'

http://brookesnews.com/080610brumbykeynes.html

The economic situation is bad and not a single Liberal politician knows why or even seems to care. So when Brumby, advised by some vulgar Keynesian on the taxpayers' dollar, urged the government to flood the economy with phony bank deposits, not a single Liberal politician could refute his quackery. And this lot want the electorate to vote for them

You’re an angry feminist? That’s so cute

http://brookesnews.com/080610palin.html

Their shameful attacks on Palin and her family have revealed that liberal Democrats, the mainstream media, and those malicious hacks in the 'progressive' blogosphere are willing to navigate the deepest, darkest sludge of slash-and-burn politics to see their man, Barack Obama, elected President

Sarah Palin and the Experience Factor

http://brookesnews.com/080610palinexperience.html

"Palin accomplished more in 18 months than most governors do over full terms, including facing down a corrupt and entrenched old-boys network and bringing the oil companies — the state's biggest business — to heel, and completing a pipeline agreement with Canada. What did Obama ever do?

Obama advisors received millions instead of jail terms

http://brookesnews.com/080610obamacorruption.html

The party of fraud, vote rigging, slander and treason has done it again. The three Democrats who looted Fannie Mae to the tune of scores of millions of dollars are now top advisors to Obama. As expected, the diseased media have refused to report or investigate

Israel on the brink as the winds of war from Syria and Iran gather intensify

http://brookesnews.com/080610israelwar.html

Muslim enemies of Israel are getting ready — with the help of Putin — for another war. One that will, they hope, destroy Israel and finally bring about the total extermination of the Jewish race

Obama’s economic agenda: This is change?

http://brookesnews.com/080610obamadistribution.html

Any economists worth his salt knows damn well that equalizing incomes means attacking economic growth. But that doesn't bother Obama. He intends to raise capital gains taxes even though he knows it would damage economic progress. So what is fair about that?