US Action News

One demands the abolition of capitalism; it is a sign of anger and despair. The other brings us goodness and light.

The White House railed about bonuses paid by bailed out banks but says Freddie and Fannie are private. Then why do they get to tap the public treasury for billions? O’Reilly calls for shutting them down.

Calls for a supranational central bank and global economic regulation in the wake of the economic crisis are the sort of destructive policy prescriptions we get when people do not understand basic economics or the nature and role of the Federal Reserve and state intervention in the economy.

In a debate with Hillary, Obama explained that even if raising taxes on the rich brought in lower revenues — as it usually does — he would prefer it to more revenue because it is “fair.”

Obama’s crisis is our crisis too as jobs melt away and businesses large and small wait to see how much more damage his proposals will do to the nation’s economy. His solution was to throw a trillion-dollar “stimulus” at the problem in 2009. He has just proposed a half-trillion dollar solution.

Interested parties who stood to gain financially and politicians chose smart growth, smart meters, smart grid, land grabs, land stewardship and preservation, water conservation in the name of the taxpayers. Their choices and decisions are now being pushed in every county and state that has adopted UN Agenda 21 initiatives through generous government grants and ICLEI partners.

Panetta had a close and personal relationship with a member of the Communist Party by the name of Hugh DeLacy, whose record included meeting with communist espionage agents. By any objective standard of journalism, this should be big news.

The Obama Administration looks upon schools and colleges as giant reservoirs of young people who can be indoctrinated with “social justice” (i.e., America is somehow an oppressive, unjust society), multiculturalism instead of patriotism, and diversity in moral and immoral behaviors.

Anti-capitalism is the real thrust behind the green movement and this “new economy” movement is just the latest vehicle for those creaking, failed communist-based ideas.

Sweeney said that the organized labor movement must become “what amounts to an action arm of Catholic social teaching.” Threatening confrontation, he said, “We need the help of every Catholic leader as well as every Catholic parishioner, not just in matters of public policy, but in direct action that we from time to time must undertake.”