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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:

What amazes me most whenever I write about this topic is recalling how terribly upset so many Democrats pretended to be when Bush claimed the power merely to detain or even just eavesdrop on American citizens without due process.  Remember all that?  Yet now, here's Obama claiming the power not to detain or eavesdrop on citizens without due process, but to kill them; marvel at how the hardest-core White House loyalists now celebrate this and uncritically accept the same justifying rationale used by Bush/Cheney (this is war! the President says he was a Terrorist!) without even a moment of acknowledgment of the profound inconsistency or the deeply troubling implications of having a President - even Barack Obama - vested with the power to target U.S. citizens for murder with no due process. Also, during the Bush years, civil libertarians who tried to convince conservatives to oppose that administration's radical excesses would often ask things like this: would you be comfortable having Hillary Clinton wield the power to spy on your calls or imprison you with no judicial reivew or oversight?  So for you good progressives out there justifying this, I would ask this:  how would the power to assassinate U.S. citizens without due process look to you in the hands of, say, Rick Perry or Michele Bachmann?

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.

'By simply creating a new WPA-style jobs program we could lower the unemployment rate by several points, rebuild 20th-century infrastructure and accommodate the needs of a 21st-century society. But until we come together to elect leaders that will take that step, all we can do is pray. Maybe Rick Perry can help out with that.

"Never has the time been so right," Louisiana State Representative Noble Ellington told conservative legislators gathered in Washington to plan the radical remaking of policies in the states. It was one month after the 2010 midterm elections. Republicans had grabbed 680 legislative seats and secured a power trifecta-control of both legislative chambers and the governorship-in twenty-one states. Ellington was speaking for hundreds of attendees at a "States and Nation Policy Summit," featuring GOP stars like Texas Governor Rick Perry, former House Speaker Newt Gingrich and House Majority Leader Eric Cantor. Convened by the American Legislative Exchange Council (ALEC)-"the nation's largest, non-partisan, individual public-private membership association of state legislators," as the spin-savvy group describes itself-the meeting did not intend to draw up an agenda for the upcoming legislative session. That had already been done by ALEC's elite task forces of lawmakers and corporate representatives. The new legislators were there to grab their weapons: carefully crafted model bills seeking to impose a one-size-fits-all agenda on the states.

Texas Primary is March 3. See how is up for election. A Texas basic primer on the candidates running for Governor, U.S. Senate and U. S. Congress elections. Who deserves our vote, our confidence, our money...and who does not. You decide. At least be informed.The truth they wish we forget.

Home-school mom Susan Mule wishes she hadn't taken a friend's advice and tried a textbook from a popular Christian publisher for her 10-year-old's biology lessons. Mule's precocious daughter Elizabeth excels at science and has been studying tarantulas since she was 5. But she watched Elizabeth's excitement turn to confusion when they reached the evolution section of the book from Apologia Educational Ministries, which disputed Charles Darwin's theory. "I thought she was going to have a coronary," Mule said of her daughter, who is now 16 and taking college courses in Houston. "She's like, 'This is not true!'"

Home Fooling.

Top secret Bush administration memos authorized torture ... They were never meant to be seen or heard by the public. Watch this video and demand a full criminal investigation.