It’s REALLY Still the Economy Stupid!

By now, whatever stimulus effect the Obama Stimulus Plan has had is nearly gone or gone. It is certain that the approximately $200 million in Democratic Middle Class Tax Cuts are gone which was the price Republicans demanded as part of the re-authorization of the Bush tax breaks for the top 2% of wage earners near the end of last year. The states have spent all the federal monies given to them which allowed states to initially avoid laying-off police, firefighters, emergency medical technicians and teachers and now states are going through lay-offs in droves further depressing the economy. And see here. There were only 18% of the Stimulus Plan dollars which went to “infrastructure” and those dollars are gone, too. The economy was treading water, and now growth is slipping. More federal dollars for bridges, roads and schools are needed and proposed by President Obama but, Republicans apparently will not vote for anything but cutting federal spending or cutting taxes for corporations and millionaires. 15 year fixed mortgage rates for well qualified borrowers are approximately 3.375 % as of the writing of this piece. Some broker/lenders will quote lower rates if you buy points. What’s there for the merely “decently” qualified borrowers? You might get 3.5% for a 15 year fixed rate. But, there’s a way to get all of those amongst us who are current on our loans and the loans are owned by FHLMC (“Freddie Mac”) and FNMA (“Fannie Mae”) (recently combined into the FHLA), FHA and VA an immediate break which will stimulate the economy. [More. . . ]

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How would Jesus fight a nuclear war?

CNN reports that the U.S. Air Force has just scrapped a long-running program that taught nuclear missile launching officers that the Bible is OK with nuclear war:

The Air Force has suspended an ethics briefing for new missile launch officers after concerns were raised about the briefing's heavy focus on religion. The briefing, taught for nearly 20 years by military chaplains at Vandenberg Air Force Base in California, is intended to train Air Force personnel to consider the ethics and morality of launching nuclear weapons - the ultimate doomsday machine. Many of the slides in the 43 page presentation use a Christian justification for war, displaying pictures of saints like Saint Augustine and using biblical references.
This program had been taught for two decades before the recent change.

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Stephen Colbert…for the Supreme Court???

Bob Edgar, opinion contributor at POLITICO both pans and applauds Stephen Colbert's creation of Colbert Super PAC in this article: Stephen Colbert for Supreme Court justice! Mr. Edgar says:

The Super PAC launched Thursday by the satirist Stephen Colbert and blessed by the Federal Election Commission is a terrible idea. It makes a mockery of our campaign finance laws, inviting politicians of all stripes to launch their own Super PAC-linked TV "news" shows and then use those programs to raise buckets of money from corporations, labor unions and other special interests. It’s the sort of thing Common Cause has always been against. We hate it. And it’s positively brilliant!
But "...inviting politicians ... to launch their own... TV 'news' shows..."??? What if we flip it, and TV "news" shows launch their own politicians? Uh, oh. Too late.

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