The Conservative Sage

The Federal Reserve last week implemented a new round of stimulus by pumping billions of dollars into the U.S. economy has further eroded the Obama administration's popularity around the world. The Fed will purchase $600 billion in U.S. Treasury bonds-in an attempt to hold down long term interest rates and jump start the economy- a measure known as Quantitative easing . President Obama defended the move while on a 10 day Asian trip. "The Fed's mandate, my mandate is, to grow our economy. And that's not just good for the US but the world as a whole". The backlash from an increasingly jaded international community is growing. During this weeks G2o summit in S. Korea, US Treasury secretary Timothy Geithner has lectured other nations to reign in their trade imbalances-which hurts US exports. Germany, which relies heavily on exports has been vocal in its criticism of Washington. "It doesn't add up when the Americans accuse the Chinese of currency manipulation...

After a much celebrated takeover of Washington in 2008, the Democrats managed to fumble away control of the House in just two years. The Republicans, with the help of the Tea party took the Democrats to the proverbial woodshed and captured at least 60 seats to take over the House of Representatives in its most sweeping victory since 1938. The Republicans picked up several senate seats as well as 10 Governors races including Pennsylvania, Ohio ,New Mexico and S. Carolina. The Tea party which has been characterized as racist by members of the media and the NAACP also helped to usher in several minority candidates-most from southern states. Black Tea partiers Alan West of Florida, Rick Scott of S. Carolina, Nikki Haley, of east Indian decent, secured the governorship of South Carolina, and Susana Martinez of New Mexico. Given the fact that blacks themselves do not elect black conservatives, this is empirical evidence of who the real racist are. President Obama was noticeably subdued duri...