Tea Party Express starts its national bus tour

Tea Party Express  starts its national bus tour

The Tea Party Express is gearing up for its 5th National Bus Tour, “Reclaiming America.” The tour will travel coast to coast, carving through early primary states. For a full list of the tour schedule



http://www.teapartyexpress.org/


link to the Teaparty Express.org website

Glenn Beck starts his own TV subscription

Glenn Beck starts his own TV subscription




POLITICO: Beck launches subscription web TV channel - On Media - Beck launches subscription web TV channel


go Glenn go. I really miss his enlightening daily show on Fox news but.

The Coming Recession ?

The Coming Recession Will Be Deflationary

Hayek Is Wrong, And So Is Bernanke

Srinivas thinks it’s time for more fiscal stimulus, not less.  “Not all economies can print IOUs, but the U.S. can” he explains.  Spending cuts will tip the economy into recession.  “A Hayekian decline,” the economist says, “will destroy the social fabric, and it’s not clear that the economy will pick up as before.”

Taking a Hayekian stance would imply cutting spending and forcing a deflation so that asset prices would return to a point where they reflect the underlying value of assets.  In other words, letting the price mechanism, and not a distorted, intervened market do it inefficiently.  Srinivas agrees the price mechanism is the most efficient resource allocator, but he doesn’t believe it is necessary suffer the blow of a mass deflation.  “It’s just better to manage the decline rather than having a huge explosion,” he says.

But, with political gridlock in Washington, weak political leadership in both parties, and an absolute reluctance to spend more, Srinivas is pessimistic.  "This depression will last most of the decade," he says.

click to read the complete article