Prager University: The American Trinity

To have the Government or the Fed giving charity to Banks on behalf of the public is like in the stock market where most of the small investors end up selling at the bottom and buying at the top.

For 65 years after its creation in 1913, the Fed's principal duty was to preserve the currency as a store of value by preventing inflation from undermining price stability. The Humphrey-Hawkins Full Employment Act of 1978 gave it de jure the second duty of superintending economic growth. Paul Ryan, R-WSC. , Has, a better idea than having Congress control the Fed: Repeal the Humphrey-Hawkins Act that, he says, "dangerously diverted the Fed from its most important job: price stability."

Before the recent down tick in unemployment from 10.2 percent to 10 percent, Democrats said: The absence of downward movement proves the urgent need for more stimulus spending. After the down tick they said: The improvement proves the urgent need for more stimulus spending lest the momentum stall. For such people, "more spending" is a verbal tic. Let them begin managing the Fed and they will mandate low interest rates regardless of circumstances. The currency will fail as a store of value.

BTW, Mukome, if popularity is what's most important to you, then check out president Obama's approval ratings. You'll be hard-pressed to find a president who's lost so much popularity in such a short time. And that is less than a year after he and fellow Democrats got virtually a "blank check" to do whatever they wanted with America. Congressional Democrats are seriously worried about next year's elections, and for good reason.

Mukome,
He's the ultimate 'not' of everything you wrote: Not confident of American values and mission; not conservative; not militarily aggressive, even when he concedes it's a war worth fighting. That's what you want, and what you think is on the ascendancy, right?

BTW, Sarah Palin's new book was topping the charts before it was even released. Would you call her a neoconservative?

No, Obama's policies are not what I want. But Obama is not a neoconservative, nor were previous presidents like Clinton, Bush Sr., Carter, Nixon, LBJ, Ike, Truman, FDR, etc. I have a lot of problems with all those presidents' foreign policies, but they weren't neocon presidents. Obama fits right in with them. I just read a column in the WSJ likening him to Bush Sr. in foreign policy.

Mukome,
Noticed you didn't mention Reagan. Is his legacy unpopular? No. As for GHWB, he was never very un/popular with anyone. The one great thing he did was force Saddam's Iraq out of Kuwait--something pres Obama probably wouldn't have done, or at least not so forcefully and decisively. And in hindsight we probably should have gone to Baghdad (and the Left would have gone bonkers...).

But what any of this has to do with American values of Liberty, God, and E Pluribus Unum, is a mystery.