The IUSB Vision Weblog

The way to crush the middle class is to grind them between the millstones of taxation and inflation. – Vladimir Lenin

Archive for September 8th, 2009

Glenn Beck & Byron York on how the elite media ignored the Van Jones and the lack of vetting for White House Czar’s story.

Posted by iusbvision on September 8, 2009

Posted in 2012, Chuck Norton, Journalism Is Dead, Obama and Congress Post Inaugration | Leave a Comment »

Krauthammer on how Van Jones got selected and what the problem in the White House is.

Posted by iusbvision on September 8, 2009

What Krauthammer is describing is exactly the kind of wrong-headed thinking that is so common among leftist academia today.

Posted in 2012, Campaign 2008, Campus Freedom, Indoctrination & Censorship, Chuck Norton, Culture War, Leftist Hate in Action, Obama and Congress Post Inaugration | Leave a Comment »

When Bush spoke to students, Democrats investigated, held hearings

Posted by iusbvision on September 8, 2009

By: Byron York

The controversy over President Obama’s speech to the nation’s schoolchildren will likely be over shortly after Obama speaks today at Wakefield High School in Arlington, Virginia. But when President George H.W. Bush delivered a similar speech on October 1, 1991, from Alice Deal Junior High School in Washington DC, the controversy was just beginning. Democrats, then the majority party in Congress, not only denounced Bush’s speech — they also ordered the General Accounting Office to investigate its production and later summoned top Bush administration officials to Capitol Hill for an extensive hearing on the issue.

Unlike the Obama speech, in 1991 most of the controversy came after, not before, the president’s school appearance. The day after Bush spoke, the Washington Post published a front-page story suggesting the speech was carefully staged for the president’s political benefit. “The White House turned a Northwest Washington junior high classroom into a television studio and its students into props,” the Post reported.

With the Post article in hand, Democrats pounced. “The Department of Education should not be producing paid political advertising for the president, it should be helping us to produce smarter students,” said Richard Gephardt, then the House Majority Leader. “And the president should be doing more about education than saying, ‘Lights, camera, action.'”

Democrats did not stop with words. Rep. William Ford, then chairman of the House Education and Labor Committee, ordered the General Accounting Office to investigate the cost and legality of Bush’s appearance. On October 17, 1991, Ford summoned then-Education Secretary Lamar Alexander and other top Bush administration officials to testify at a hearing devoted to the speech. “The hearing this morning is to really examine the expenditure of $26,750 of the Department of Education funds to produce and televise an appearance by President Bush at Alice Deal Junior High School in Washington, DC,” Ford began. “As the chairman of the committee charged with the authorization and implementation of education programs, I am very much interested in the justification, rationale for giving the White House scarce education funds to produce a media event.”

Unfortunately for Ford, the General Accounting Office concluded that the Bush administration had not acted improperly. “The speech itself and the use of the department’s funds to support it, including the cost of the production contract, appear to be legal,” the GAO wrote in a letter to Chairman Ford. “The speech also does not appear to have violated the restrictions on the use of appropriations for publicity and propaganda.”

That didn’t stop Democratic allies from taking their own shots at Bush. The National Education Association denounced the speech, saying it “cannot endorse a president who spends $26,000 of taxpayers’ money on a staged media event at Alice Deal Junior High School in Washington, D.C. — while cutting school lunch funds for our neediest youngsters.”

Lost in all the denouncing and investigating was the fact that Bush’s speech itself, like Obama’s today, was entirely unremarkable. “Block out the kids who think it’s not cool to be smart,” the president told students. “If someone goofs off today, are they cool? Are they still cool years from now, when they’re stuck in a dead end job. Don’t let peer pressure stand between you and your dreams.

Posted in Campus Freedom, Indoctrination & Censorship, Chuck Norton | Leave a Comment »

China alarmed by US money printing

Posted by iusbvision on September 8, 2009

China has threatened to stop buying US debt before and keeps moving closer and closer to making good on that threat. Hillary was sent to China to beg them to keep buying our debt.

UK Telegraph:

By Ambrose Evans-Pritchard

Cheng Siwei, former vice-chairman of the Standing Committee and now head of China’s green energy drive, said Beijing was dismayed by the Fed’s recourse to “credit easing”.

“We hope there will be a change in monetary policy as soon as they have positive growth again,” he said at the Ambrosetti Workshop, a policy gathering on Lake Como.

“If they keep printing money to buy bonds it will lead to inflation, and after a year or two the dollar will fall hard. Most of our foreign reserves are in US bonds and this is very difficult to change, so we will diversify incremental reserves into euros, yen, and other currencies,” he said.

China’s reserves are more than – $2 trillion, the world’s largest.

~snip

“He who goes borrowing, goes sorrowing,” said Mr Cheng. It was a quote from US founding father Benjamin Franklin.

If our credit rating goes from AAA down to AA it will mean economic armageddon. World creditors have already threatened this against the US because of our bad borrowing and monetary policy. If you don’t understand why that would be armageddon feel free to ask in comments.

Posted in 2012, Chuck Norton, Economics 101, Obama and Congress Post Inaugration | Leave a Comment »