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Alan Grayson Smacks Down Ben Bernanke; laughs in his face

It should be obvious to anyone that printing two trillion new dollars and handing it to the corrupt financial sector to play with will not result in higher wages for ordinary people. This ought to be an issue for the left/progressives, but thanks to Barack Obama's ownership of the program, it's now turning into a campaign issue for Republicans. Most notably, Texa-creep Rick Perry came out recently with a uniquely thuggish criticism of QE, essentially threatening Bernanke with a Texan mob if he does what everyone expects him to do and enacts a third QE program:

İsa Peygamber (İngilizce'de Jesus). İslam'a göre İsa Allah'ın Elçisi ve İsrailoğulları'na gönderildi. (Ben-i İsrail) Müslümanlar İsa'ya (ve Allah'ın diğer tüm peygamberlerine) inanmaları gerekir, bu müslüman olmanın bir şartıdır. Kur'an'da İsa adı yirmibeş yerde geçer. Bu sadece dört kez ismen geçen Muhammed kelimesinden oldukça fazladır. İsa mucizevi bir durumla babasız bir şekilde Meryem'den doğar (İngilizce'de Mary).

"If there's one thing to take away from Ben Smith's piece about how the right is now fully embracing a conflict of civilizations between the West and Muslims -- and it's not "Islam," but Muslims -- it's that the right is now rejecting a large component of the national-security strategy of the previous administration that they believe "kept us safe for eight years." "

At a Senate Budget Committee hearing in 2009, I asked Fed Chairman Ben Bernanke to tell the American people the names of the financial institutions that received an unprecedented backdoor bailout from the Federal Reserve, how much they received, and the exact terms of this assistance. He refused. A year and a half later, as a result of an amendment that I was able to include in the Wall Street reform bill, we have begun to lift the veil of secrecy at the Fed, and the American people now have this information.

Last month, the world was shocked as the Tunisian autocrat Zine el-Abidine Ben Ali, who had ruled his country for 23 years, was overthrown in a protest movement that lasted only 29 days. The event was soon dubbed the "Jasmine Revolution," a symbolic reference to a blooming flower. While many doubted that this revolution would spread, it was only days later that massive protests rocked Cairo, resulting in the resignation of Egyptian President Hosni Mubarak, who had been in power for more than 30 years. While the fate of both countries is still unresolved, one thing is clear: the people are demanding democracy, and they have forced massive changes in their government to get it.

Former leader is wanted to stand trial for the possession of expropriated property and transferring foreign currency abroad

The truth is that the United States has been behind the curve not only in Tunisia and Egypt for the last few weeks, but in the entire Middle East for decades. We supported corrupt autocrats as long as they kept oil flowing and weren't too aggressive toward Israel. Even in the last month, we sometimes seemed as out of touch with the region's youth as a Ben Ali or a Mubarak. Recognizing that crafting foreign policy is 1,000 times harder than it looks, let me suggest four lessons to draw from our mistakes:

Tunisia has announced an interim national unity government days after a popular revolt ousted the president from power in the first Middle East revolution in a generation. President Zine El Abidine Ben Ali fled Tunisia on Friday after a month of unprecedented protests gripped the country. Thousands took to the streets to demonstrate against unemployment, high food prices, corruption and government repression. At least 80 people were killed in a crackdown by government security forces. We go to the capital city Tunis to speak with opposition activist, Fares Mabrouk. [includes rush transcript]

Ben Smith of the Politico reported yesterday that the Democratic Leadership Council (DLC), the mainstay of the New Democrat movement for thirty years, is on the verge of bankruptcy and has decided to immediately "suspend operations," likely for good.

(CNN) -- Dozens of political activists and union members rounded up in Zimbabwe last week faced a possible death sentence as prosecutors Wednesday accused them of plotting an Egyptian-style uprising against longtime President Robert Mugabe.The 46 defendants have been charged with treason, prosecutor Edmore Nyazamba told a packed courtroom. They were arrested Saturday after authorities said they were caught watching footage of the protests that led to the ouster of Tunisian leader Zine El Abidine Ben Ali of Tunisia in January and of Egypt's Hosni Mubarak two weeks ago.

When Perry accuses Ben Bernanke of treachery and treason, his violent rhetoric ("we would treat him pretty ugly down in Texas") is scary in itself. But we shouldn't let that obscure Perry's substantive message - that neither Bernanke nor the Fed really deserve to exist, to control the US money supply, and to work towards a dual mandate of price stability and full employment. For the first time in living memory, someone with a non-negligible chance of winning the US presidency is arguing not over who should head the Fed, but whether the Fed should even exist in the first place. Looked at against this backdrop, the recent volatility in the stock market, not to mention the downgrade of the US from triple-A status, makes perfect sense. Global corporations are actually weirdly absent from the list of institutions in which the public has lost its trust, but the way in which they've quietly grown their earnings back above pre-crisis levels has definitely not been ratified by broad-based economic recovery, and therefore feels rather unsustainable. Meanwhile, the USA itself has undoubtedly been weakened by a shrinking tax base, a soaring national debt, a stretched military, and a legislature which has consistently demonstrated an inability to tackle the great tasks asked of it. It looks increasingly as though we're entering Phase 2 of the global crisis, with 2008-9 merely acting as the appetizer. In Phase 1, national and super-national treasuries and central banks managed to come to the rescue and stave off catastrophe. But in doing so, they weakened themselves to the point at which they're unable to rise to the occasion this time round. Our hearts want government to come through and save the economy. But our heads know that it's not going to happen. And that failure, in turn, is only going to further weaken institutional legitimacy across the US and the world. It's a vicious cycle, and I can't see how we're going to break out of it.

But he warned that the eurozone debt crisis, as well as overly hasty spending cuts by the federal government, risked undermining the US recovery.

FACISM EXPLAINED FACISM FOR DUMMIES...AND LIBERALS