Feeds:
Posts
Comments

Archive for August, 2009

This article goes to show you how badly our nation’s foreign policy is being run right now. An internal political matter of a sovereign state, where the legislative and judicial branch of government are enforcing the constitution of Honduras, is being used as an excuse by our leftists to remove aid from one of the few non-socialist governments in Central America. The ousted President attempted to bypass the constitutional processes in place and revoke his term-limit by means of a  public referendum; something prohibited by the Honduran constitution. Now our State Department is ramping up their opposition to this constitutional action and trying to declare it a military coup, something it is obviously not.

WASHINGTON, Aug 27 (Reuters) – U.S. State Department staff have recommended that the ouster of Honduran President Manuel Zelaya be declared a “military coup,” a U.S. official said on Thursday, a step that could cut off as much as $150 million in U.S. funding to the impoverished Central American nation.

The official, who spoke on condition he not be named, said State Department staff had made such a recommendation to U.S. Secretary of State Hillary Clinton, who has yet to make a decision on the matter although one was likely soon.

Washington has already suspended about $18 million aid to Honduras following the June 28 coup and this would be formally cut if the determination is made because of a U.S. law barring aid “to the government of any country whose duly elected head of government is deposed by military coup or decree.”

The official said that $215 million in grant funding from the U.S. Millennium Challenge Corporation to Honduras would also have to end should Clinton make the determination that a military coup took place.

About $76 million of that money has already been disbursed and a second U.S. official said this implied that the remaining roughly $139 million could not be given to Honduras should the determination be made.

Diplomats said that the United States had held off making the formal determination to give diplomacy a chance to yield a negotiated compromise that might allow for Zelaya’s return to power.

Such efforts, however, appear to have failed for now and so the United States is taking steps — including its decision on Tuesday to cease issuing some visas at its embassy in Tegucigalpa — to raise pressure on the de facto government.

“The recommendation of the building is for her to sign it,” said the first U.S. official said of the ‘military coup” determination, saying this was a response to the de facto government’s refusal to accept a compromise that would allow Zelaya to return to power ahead of November elections. (Editing by Jackie Frank)

via U.S. moves toward formal cut off of aid to Honduras | Reuters.

Advertisements

Read Full Post »

Here we go…the fiasco of the Obama administration is exposed…

WASHINGTON – The federal government faces exploding deficits and mounting debt over the next decade, White House officials predicted Tuesday in a fiscal assessment far bleaker than what the Obama administration had estimated just a few months ago.

Figures released by the White House budget office foresee a cumulative $9 trillion deficit from 2010-2019, $2 trillion more than the administration estimated in May. Moreover, the figures show the public debt doubling by 2019 and reaching three-quarters the size of the entire national economy.

Obama economic adviser Christina Romer predicted unemployment could reach 10 percent this year and begin a slow decline next year. Still, she said, the average unemployment will be 9.3 in 2009 and 9.8 percent in 2010.

“This recession was simply worse than the information that we and other forecasters had back in last fall and early this winter,” Romer said.

The grim administration projections came on a day of competing economic news. The Congressional Budget Office, which has predicted less economic growth than the White House in the past, was also scheduled to announce revised budget projections on Tuesday.

Obama himself may have drowned out the rising deficit news with the announcement Tuesday that he intends to nominate Ben Bernanke to a second term as chairman of the Federal Reserve. The Bernanke news could neutralize any disturbance in the financial markets caused by the high deficit projections.

The deeper red ink and the gloomy unemployment forecast present President Barack Obama with an enormous challenge. The new numbers come as he prods Congress to enact a major overhaul of the health care system — one that could cost $1 trillion or more over 10 years. Obama has said he doesn’t want the measure to add to the deficit, but lawmakers have been unable to agree on revenues that cover the cost.

What’s more, the high unemployment could last well into the congressional election campaign next year, turning the contests into a referendum on Obama’s economic policies.

via White House projects bigger deficits, bigger debt – Yahoo! News.

Read Full Post »

Talk about letting the fox in the hen house. This is crazy!!!!!

The Federal Reserve chose a labor leader to succeed a former Goldman Sachs executive as the chairman of the Federal Reserve Board of New York’s private-sector board of directors.

Denis Hughes, president of the New York state branch of the AFL-CIO, had been serving as acting chairman of the New York Fed board since May, when Stephen Friedman stepped down from the position.

via Labor Leader Named Head of New York Fed – WSJ.com.

Read Full Post »

The Wall Street Journal exposes one more scurrilous act being attempted by Teddy before this old socialist kicks the bucket.

Senator Ted Kennedy, who is gravely ill with brain cancer, has sent a letter to Massachusetts lawmakers requesting a change in the state law that determines how his Senate seat would be filled if it became vacant before his eighth full term ends in 2012. Current law mandates that a special election be held at least 145 days after the seat becomes available. Mr. Kennedy is concerned that such a delay could leave his fellow Democrats in the Senate one vote short of a filibuster-proof majority for months while a special election takes place.

“I therefore am writing to urge you to work together to amend the law through the normal legislative process to provide for a temporary gubernatorial appointment until the special election occurs,” writes the Senator.

What Mr. Kennedy doesn’t volunteer is that he orchestrated the 2004 succession law revision that now requires a special election, and for similarly partisan reasons. John Kerry, the other Senator from the state, was running for President in 2004, and Mr. Kennedy wanted the law changed so the Republican Governor at the time, Mitt Romney, could not name Mr. Kerry’s replacement. “Prodded by a personal appeal from Senator Edward M. Kennedy,” reported the Boston Globe in 2004, “Democratic legislative leaders have agreed to take up a stalled bill creating a special election process to replace U.S. Senator John F. Kerry if he wins the presidency.” Now that the state has a Democratic Governor, Mr. Kennedy wants to revert to gubernatorial appointments.

Beacon Hill has long sported heavy Democratic majorities, so the state legislature has the votes to grant Mr. Kennedy’s wish. But does it have the chutzpah? An election is the more democratic option. After witnessing recent attempts by incompetent Governors in Illinois and New York to fill Senate vacancies, Massachusetts voters may have soured on such appointments. Especially when Mr. Kennedy’s motivation for changing the law is so obviously born of partisan interest, not principle.

via Senator Kennedy Wants the Rules to Replace Him Changed—Again – WSJ.com.

Read Full Post »

partyline

Read Full Post »

nationalrationalHC

Read Full Post »