Continued... When BHO was re-elected, and Bernacki confirmed continuation of QE, the newly elected Japanese Government cannot do anything else. Europe will need to stave off double dip recession and continue to bail out the PIIGS nations. Chinese yuan is de-facto pegged to US$, and China too is trying to fight the effect of export slow down and fear of unemployment. So Japan is printing money to make export more competitive and also to expand military investment to counter China and N. Korea. Now yen is around 93 to 1 US$, a more normal balance for the G20 to collectively seek bottom. We can't wait for the bubble to burst and hyper inflation to hit hard!

The Japanese Government is not so much buying into Keynesian economics as being forced to join in the chase to the bottom of the weak monetary policy. In the US, with QE1 and QE2 (and most recently indefinite QE - or print money to buy bonds), a lot of hot money has been created. Instead of stimulating the economy (no expansion = no borrowing to hire or invest), money has been poured into stock markets around the world, and property markets in Asia. Then we had the Euro crisis (not yet played out), and Arab spring instability. The hot money started to buy yen as safe haven (ask Soros for his latest big coup). Yen was driven up to near 70 yen to 1 US$ last year. All the Japanese export companies were hurting. What to do?

As Christians, we thank God in all things, including a successful business if we happen to operate one. The Progressives would have us thank big Government in all things. "If you have a business, you did not build that, etc...." Their world view cannot tell why - when given the same opportunities of teachers, roads, electricity grid, some turned out as successful business owners, and some as couch potatoes. It is the same old liberal mind set to push for replacement of God by Government, push for equality of outcome rather than equality of opportunity, collective (no) success and collective bail out of failure, all in the name of fairness.

As for the less than esteemed senate, perhaps they can write a bill to specify all tax payer funded projects should be made and assembled in USA - like Fiska electric cars, like the Oakland Bay Bridge. I wonder how much of Jerry Brown's high speed rail will be made in USA.

Agreed. With the Polo horse on the breast pocket, they are a walking advertisement for Polo Ralph Lauren. I hope they are getting some serious sponsorship $$. That said, the high fashion look is elitist and seems in bad taste. (Would have easily passed for the French team uniform.)

Fact is, the world is not fair. There are the rich - many by inheritance - some by luck. In USA many can get there by hard work. There are the poor. Some by inheritance, some by bad choices. Economics (wealth distribution) works on trickle down principle. You can either have trickle down by the private sector, or by the Government. One is filtered and controlled by profit motive, the other filtered and complicated by political and power motives. The simpler profit motive is what works to the benefit of more people. The other motives depends on good stewards of other people's money - fails every time and every where it is tried.

Conservatives have been saying for a long time that the liberal policies advanced by lib-dems and so called black leaders are perpetuating economic slavery of black Americans. (Keeping them on the plantation of big Gov welfare.) Blitzer is riled by West's naming BHO as THE slave owner - a fitting label for the policies and racial divides which came to light in the last 3.5 years. Blitzer might have been more credible if he expressed similar outrage at some of the labels put on our past president and other conservative leaders.

If I break a leg and go to the emergency room and can't pay, I can still get health care now. But if I am diagnosed with lung cancer, I cannot get fixed by the emergency room. Under the new O'care, sounds like I can now take out an insurance after the fact, and then get the protracted treatments costing $$$, and the insurance co will need to fund it out of very high premiums from everyone. It is a big tax on the middle class (or their employers)!

But the ACA did originate in the House. Don't you remember all the Pelosi/Reid backroom deals and waivers? Now it should be repealed as a tax by a mere majority in the next Senate and not requiring a super majority.

The way to hell is paved with the good intentions of the democrats. But the increased "access" by the less than worthy black borrowers was a relatively small problem. It took the wall street MBAs to cook up the complicated financial instruments and created a market for the buying and selling of those ill understood subprime mortgages and credit swaps which got all the banks and speculators into the game and created the huge lending bubble. Bad policy magnified 100 times by unbridled wall street greed = disaster.