Two Americans [Anti-Keynesians] Win Nobel Prize for Economics

Gateway Pundit has this:

Two anti-Keynesians won this year’s Nobel Prize for Economics.
Investor’s Business Dailyreported:

Failed Policy: The Nobel Prize for Economics goes to two Americans who have separately exposed the flaws in government stimulus spending. For a Keynesian president, it’s the Anti-Peace Prize.

When President Obama was awarded the Nobel Peace Prize during his first year in office, detractors said it was for doing nothing.

That can’t be said for Thomas Sargent of New York University and Princeton’s Christopher Sims, whose macroeconomics work has been of invaluable help to central bankers and other economic policymakers, and for which they now share this year’s economics Nobel.

Sargent’s discoveries in particular echo the rationale Republican leaders in Congress have presented in opposing the massive Democratic stimulus spending during the first two years of the Obama administration — that such spending seeks to give the economy nothing more than what House Budget Chairman Rep. Paul Ryan over the weekend aptly called a “sugar high.”

…(read more)…

Here is a good (as good as an economist’s presentation can be) presentation by Thomas Sargent:

American Crossroads ad features Bill Clinton and Obama Standing Firm Against Obama`s Tax Increases

Oct. 3 (Bloomberg) — President Barack Obama “absolutely” considers himself to be the underdog in the 2012 presidential campaign “given the economy” and said voters aren’t doing better economically than they were four years ago.

“They’re not better off” than “before the financial crisis, before this extraordinary recession that we’re going through [Sept-Oct 2011],” Obama said in an interview with ABC News and Yahoo….

New Book Details Sharp Discord and Chauvinism in White House (stark differences between the Bush/Obama White House)

 Some very specified charges against he White House. One should note that the women in the Bush administration could never say this! By the way, I am not a fan of Suskind, and if someone were to argue that he is in it merely for the money… I wouldn’t push back.

Washington Post ~ By Nia-Malika Henderson and Peter Wallsten

A new book claims that the Obama White House is a boys’ club marred by rampant infighting that has hindered the administration’s economic policy and left top female advisers feeling excluded from key conversations.

“Confidence Men: Wall Street, Washington, and the Education of a President,” by journalist Ron Suskind due out next Tuesday, details the rivalries among Obama’s top economic advisers, Larry Summers, former chairman of the National Economic Council, and Treasury Secretary Timothy F. Geithner. It describes constant second-guessing by Summers, now at Harvard, who was seen by others as “imperious and heavy-handed” in his decision-making.

In an excerpt obtained by The Post, a female senior aide to President Obama called the White House a hostile environment for women.

“This place would be in court for a hostile workplace,” former White House communications director Anita Dunn is quoted as saying. “Because it actually fit all of the classic legal requirements for a genuinely hostile workplace to women.”

Dunn declined to discuss the specifics of the book. But in an interview Friday she said she told Suskind “point blank” that the White House “was not a hostile environment.”

“The president is someone who when he goes home at night he goes home to house full of very strong women,” Dunn added. “He values having strong women around him.”

The book, due out next week, reveals a White House that at times was divided and dysfunctional.

It says that women occupied many of the West Wing’s senior positions, but felt outgunned and outmaneuvered by male colleagues such as former Chief of Staff Rahm Emanuel and Summers.

“I felt like a piece of meat,” Christina Romer, former head of the Council of Economic Advisers, said of one meeting in which Suskind writes she was “boxed out” by Summers.

Dunn told Suskind that the problems began during the 2008 campaign. At one point she was viewing a television ad with other campaign officials and was shocked to see no women in the spot.

“There isn’t a single woman in this ad,” Dunn said. “I was dumbfounded. It wasn’t like they were being deliberately sexist. It’s just there was no one offering a female perspective.”

The ad was later reshot, with women included.

“The president has a real woman problem,” an unnamed high-ranking female official told Suskind. “ The idea of the boys’ club being just Larry and Rahm isn’t really fair. He [Obama] was just as responsible himself.”

Based on interviews with more than 200 people inside and outside the White House, Suskind’s book comes as Obama faces the lowest poll numbers of his tenure, and deep discontent over his economic policies.

According to the book, female staffers, like Dunn and Romer, felt sidelined. In November 2009, female aides complained to the president about being left out of meetings, or ignored.

…(read more)…

Excerpts of Hoffa Jr. Remarks Before Obama’s Detroit Speech ~ Violent Sermon to Union Workers with Stamp of Approval by Obama

The Daily Caller notes Herman Cain’s response to this Union boss’s threats:

Presidential candidate Herman Cain struck back Monday against abrasive comments made by Teamsters union President Jimmy Hoffa, Jr. attacking the tea party and congressional Republicans at a Labor Day event in which President Obama later delivered a speech.

Appearing on Fox News Channel, Cain said the reason Hoffa and others resort to vitriolic rhetoric to bash conservatives is because “they have no plan, they have no ideas.”

“The one reason the president and his administration don’t have an idea that’s going to work is they keep forgetting the business sector is the engine that drives growth,” Cain said.

“He [Obama] is offering the same old stuff so all he and others can resort to is name calling,” Cain continued. “That’s all they have to intimidate folks. When he mentioned about working people, tea party people work, too. The fact that the president made his remarks and didn’t offer one constructive idea about how he’s going the get this economy going and the reason is simple. He doesn’t have any. Zero job growth [in August] and I’m looking Thursday for another zero in that speech that he’s going to give.”

Hoffa Jr. said during his speech that unions need to fight a “war” against tea partiers and congressional Republicans.

“President Obama, this is your army,” he declared. “We are ready to march. Let’s take these sons of bitches out and take America back to where America we belong.”

Though Obama wasn’t present when Hoffa Jr. made his incendiary remarks,….

…however, he later praised them! So much for Obama creating an air of bipartisanship and communal attitude for the betterment of our country.

He Was Against Banks Before He Was Against Banks

In his early activist days, Barack Obama the community organizer sued banks to ease their lending practices. Now his administration is suing banks for issuing risky mortgages.

State Sen. Barack Obama and Fr. Michael Pfleger led a protest in Chicago in January 2000. (NBC 5 Week of January 3, 2000) Breaking on FOX News…

The Federal Housing Finance Agency announced late this afternoon that it had sued 17 large banks for risky mortgages.

…(read more)…