Is This the End of Michele Bachmann?
I sure hope this is the end. The woman is batshit crazy. QB
Should anyone have been surprised that Michele Bachmann would go out with a bang, a big bang? On Tuesday, in what the retiring congresswoman from Minnesota figured would be her last White House holiday party, Bachmann used the grip-and-grin moment when she got her picture taken with President Obama to raise a reliably grin-killing topic. “The U.S. needs to take out Iran’s nuclear facilities today,” she informed him.
“A condescending smile and laugh,” she tells Politico, making a little pat-on-the-head gesture. “‘Michele, it isn’t that easy, but that’s OK,’” she remembers him telling her. To which the gentlelady from Minnesota replied that it would be on him, then, to have failed to keep Iran from wiping Israel off the map.
Bachmann, who, amid a probe into possible campaign finance violations during her 2012 presidential run, announced last year that she would not seek a fifth term, put a lot of thought into that final “substantive word with the president,” as she puts it, even if it did make her the holiday guest from hell. “I made the conscious decision I was going to run hard through the tape at the end” of her time on the Hill, she said in a long interview in the borrowed committee room where her staff has been camped out since they packed up her office before Thanksgiving. And using even those few seconds with Obama in the most provocative possible way is just one reason the 58-year-old firebrand feels “like an accomplished person” as she exits stage right.
The Fed Is Sitting On a $191 TRILLION Time Bomb
Tick. tick, tick boom.
Submitted by Phoenix Capital Research on 12/17/2014 09:43 -0500
Stocks are bouncing today because the Fed will wrap up its monthly FOMC meeting and make a public statement this afternoon. Stocks have been rallying into FOMC meetings for the last three years, so traders are now conditioned to buy stocks in anticipation of this.
The prime focus for the markets is whether the Fed continues to state that it will raise rates after “a considerable time.” The reality is that the Fed cannot and will not raise rates anywhere near normal levels at any point because doing so would blow up the financial system.
Let’s walk through this together.
Currently, the US has over $17 trillion in debt. The US can never pay this off. That is not some idle statement… we issued over $1 trillion in NEW debt in the last eight weeks simply because we don’t have the money to pay off the debt that is coming due from the past.
Since we don’t have that kind of money, the US is now simply issuing NEW debt to raise the money to pay back the OLD debt.
This is why the Fed NEEDS interest rates to be as low as possible… any slight jump in rates means that the US will rapidly spiral towards bankruptcy. Indeed, every 1% increase in interest rates means between $150-$175 billion more in interest payments on US debt per year.
'New chapter' in US-Cuba ties
The Republicans are going crazy about this. I think it's about time we do this. QB
US President Barack Obama has hailed a "new chapter" in US relations with Cuba, announcing moves to normalise diplomatic and economic ties.
Mr Obama said Washington's current approach was "outdated" and the changes were the "most significant" in US policy towards Cuba in 50 years.
Cuban President Raul Castro said he welcomed the shift in a TV address.
The move includes the release of US contractor Alan Gross and three Cubans held in the US.
Wednesday's announcements follow more than a year of secret talks in Canada and at the Vatican, directly involving Pope Francis.
US-Cuba relations have remained frozen since the early 1960s, when the US broke off diplomatic relations and imposed a trade embargo after Cuba's revolution led to communism.