Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: Jobs

Bernanke: Lax Oversight Recession’s Cause

FRANKFURT, GERMANY - NOVEMBER 14:  Ben Bernank...

Image by Getty Images via @daylife

Regulatory failures and not low interest rates were responsible for the housing bubble, implosion and current recession, Federal Reserve Chairman Ben Bernanke asserted on Sunday.

“Stronger regulation and supervision aimed at problems with underwriting practices and lender’s risk management would have been…more effective [in] constraining the housing bubble [rather] than a general increase in interest rates,” Bernanke told the American Economic Association.  Bernanke, while awaiting Senate confirmation for another term as Fed Chairman, defended recent and continuing charges that the Fed contributed significantly to the current financial crisis by keeping interest rates too low for too long.

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Economic Reality vs. Cheerleaders

Timothy Franz Geithner, President of the Feder...

When MSNBC headlined the report that existing home sales surged by 7.4 percent in November (according to the National Association of Realtors), it suggested that such an improvement boosted “recovery hopes.” Others jumped on the recovery bandwagon, including Treasury Secretary Timothy Geithner, and former Vice Chairman of the Federal Reserve Board Alan Blinder.

According to Geithner, it’s now reasonable to expect “positive job growth” by spring and correct to assert that people should have confidence in an improving economy.  “I think most people would say the economy actually is strengthening now,” he added.

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World’s Toughest Sheriff – No Apologies!

Sheriff Joe Arpaio of Maricopa County, Arizona...

He instituted a number of innovative programs that have been effective in preventing or reducing crime, including bicycle registration; block watches; child ID; “Operation Identification”; “Operation Notification”; “Hard Knocks High,” which gives credits for a high school diploma; ALPHA, a highly successful anti-substance abuse “Project Lifeline;” and an annual summer camp for kids.

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Eminent Domain Battles Continue: Fee Simple Is Not So Simple

Eminent Domain Abuse -

Image by Sister72 via Flickr

The Appellate Division of the State Supreme Court in Manhattan, New York, has ruled against Columbia University’s plans to use eminent domain to develop a satellite campus in Upper Manhattan.  This reflects one minor skirmish in the battle that has raged nationally ever since Kelo vs. City of New London was decided by the Supreme Court in 2005.

In his “A Summary View of the Rights of British America”, Thomas Jefferson made one last plea to King George to reconsider the path England was taking in its relationship with the American colonies.  With elegance and eloquence, Jefferson laid the moral and political groundwork for life, liberty, and property:

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Jobs Summit: More talk? Yes. More jobs? No.

unemployment

Image by smemon87 via Flickr

When ABC News asked if the “jobs summit” would make real progress or would just be “simply a glorified public-relations stunt,” it studiously avoided asking the real question: How can the prime movers that created the current economic “Great Recession” be expected to fix it?

For starters, where is the constitutional authority for the government to get involved in creating jobs, even if it could?

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Double Dip Recession Coming?

Double Dip Package

If Will Rogers didn’t say “Those who don’t read the papers are uninformed; those who do are misinformed,” he probably should have.

Witness this headline from The Wall Street Journal: “Jobs, Spending Bode Well for Growth.”

Compared to this from Bloomberg: “Orders for Durable Goods in U. S. Unexpectedly Fall.”

Or this from APNews: “Jobless claims off, spending up in sign of rebound.”

Finally, to confound the confusion, see this from the Denver Post: “Good news raises hopes that recovery won’t fizzle.”

How does one make any sense of it all? Dr. Kenneth McFarland (named America’s Number One Public Speaker by the U. S. Chamber of Commerce in 1965) once quipped that he had read so much about the harmful effects of tobacco and alcohol that he just decided to give up reading!

There is another option: dig deeper.

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.