I hope everyone had a great day yesterday reflecting on and celebrating the independence of this country! Well – not its time to get back to business! You’ll notice we have some new contributors, regular contributors, and contributors from the past posting up again. Thanks to you all for making this the Carnival that it is!
Conservative
David Lamb presents When Treasuries Crowd Out Lending posted at Killer Buffalo.
David – welcome back! Haven’t seen you around in a while. I take it you’re getting prepared for your college years now! LOL…enjoy them! In this article, I found it interesting that you attributed the recession to “skyrocketing interest rates.” Actually, I’m still waiting for them to increase. In 1990 when I bought my first home, it was at an 11% interest rate – and that was normal back then. My car loan was at 14% – again, normal in 1990. I would hardly say our interest rates have “skyrocketed.” With the prime lending rate still floating around 4% – I would say the cause of this recession has been the lack of the fed to stabilize the markets by actually, and truly, increasing interest rates. If you want people to invest – you need to raise the interest rates. The best I can get on my CD’s right now is 3.5% if I go out 3 years. My Money Market is only earning 1% interest. I remember in 1990 when I could get 10 – 12% on my short-term CD’s. The best way for this economy to stabilize and to bring investors back in to the market is to raise interest rates. So – if you want to attribute this recession to interest rates – I would actually attribute it to the falsely deflated interest rates.
Jared Rhoads presents The Lucidicus Project posted at The Lucidicus Project, saying, “If the proposed public option for health insurance becomes law, then we may as well have Fannie Mae run it.”
“Fannie-Mae Healthcare” – sounds about right for this proposed monstronsity! Let’s hope we garner enough support in the house to kill it right away. The real solution is not “affordable health INSURANCE” – it’s affordable HEALTH CARE – Lower the cost of access to health care – i.e, through tort reform, and you open health care back up to free-market capitalism which is good for all. Just providing insurance to everyone does nothing to lower the actual costs of healthcare. If anything – having this public option health insurance will just drive the costs up further. Healthcare providers will increase their rates in order to cover the losses from that idiotic public plan.
Scott Spiegel presents Global Warming Killed Michael Jackson posted at Scott Spiegel.
Bwahaha! Great title! However, this is probably one of the best detailed posts regarding the “global warming” issue. I’m with you – let’s hope there actually is an American Senator out there that is willing to ask the same questions as the Australian Senator and actually look at the facts rather than the myths before they vote on that economy killer of a bill.
Steve Parry presents This Explains A Lot posted at The Axis of Stevil, saying, “Sarcastic, but true.”
Michelle Obama hates kids!!!!!! LOL – you’re right – this does actually explain a lot.
Silicon Valley Blogger presents Commodity Market Index: An Inflation Indicator posted at The Digerati Life, saying, “Let’s talk inflation for a moment. I discuss various ways to predict inflation. I’m surprised nobody’s commented on this post yet (all other posts get comments) — are people just intimidated by this subject?”
Me – I say inflation is another necessary evil in a free-market capitalist system. Inflation helps to stabilize the economy. When you don’t allow inflation to occur and if you falsely keep interest rates down to try to curb inflation – you get what we have now – a serious recession leading towards a depression. We could have avoided this had the Fed just allowed inflation to occur and run it’s natural course. We wouldn’t be seeing the possibility of hyperinflation now. In addition, when all these idiotic policies start hitting our economy – the price of everything will increase. You are right though – If you follow your local prices at your local stores – you can see inflation creeping. We should have seen this coming years ago.
The Smarter Wallet presents The Credit Crisis Explained Video posted at The Smarter Wallet, saying, “I’m going for a video this time, to display how the credit crisis evolved. Thanks!”
Excellent video. Who’s Jonathon Jarvis? I’ve seen similar illustrations -but – this was by far one of the more simplistic and easiest to understand. Highly recommended.
Democrats
DWSUWF presents Under My Thumb. posted at Divided We Stand United We Fall, saying, “The damage is already done. Senator Al Franken will not make a meaningful difference. This single party Democratic government has already committed to trillions of new spending while quadrupling the deficit. They’ve dug a financial hole that can only be filled by imposing new economy-throttling taxes and unleashing the inflationary and currency devaluing monetary printing presses. These are the simple facts. Before Senator Al Franken, or after Senator Al Franken, the only thing that can restrain the Democrats now are the Democrats.”
Yup – but – considering all the crap they’ve been able to force through without Franken – I don’t think it really matters that they actually seated him. We’ll see how many Senators up for re-election in 2010 would rather side with the people rather than the party of Franken and Obama.
Liberal
SpkTruth2Pwr presents Iraq: Roll ‘Em Up! Move ‘Em Out! posted at The Apathy Remedy, saying, “Why is it that there has been sparse coverage of the U.S. troops in Iraq lately? Maybe it is because things are actually on the right track with U.S. Foreign Policy in the Middle East.”
You do realize that by the MSM acknowledging the success – they would have to actually give credit to Bush, Cheney, and the entire Bush administration! Since they can’t say this is a Democrat or Obama success – there’s no reason for them to report on it. This withdrawal has nothing to do with Obama’s foreign policy as you have stated. This withdrawal was agreed upon by Bush and Malaki last year. So – why is there no reporting? Because this is a conservative, republican, and Bush success. We know how Liberals and the liberal media hate to give credit to conservatives for anything. Hell, Harry Reid and Obama both said last year that this war was lost. Maybe that’s why the MSM doesn’t want to report on this success – it makes their Obamessiah look bad.
Rick Foreman presents Ice Cream and the Freedom of Dessert posted at Waiting for the Singularity.
OH…this has nothing to do with ice cream does it? 
But, I am in agreement with you on this one, being the Libertarian Conservative that I am. Our forefathers did not intend for my favorite, Moosetracks, to be forced upon those who prefer vanilla. I believe you have the right to believe that your favorite is better than my favorite and we both have the right to disagree with each other without the government forcing us to choose one, such as what the Obama administration is doing with all of their policies.
Miscellaneous
BH presents 7 Out of Top 10 Failed States are Muslim States posted at Bangladeshi Hindu.
Interesting! What I also find interesting is that two countries currently at war (Iraq and Afghanistan) are actually ranked 6 and 7, respectively. Those other countries 1 – 5 must be in REALLY bad shape then!
Kenny Silveira presents Is this what we have become? posted at Black Holes And Revelations, saying, “An article about the recent violence in Iran after the 2009 elections.”
Nice tribute to Neda and an eye-opening post to those that are sleeping. It’s too bad our own President sides more with the Mullah’s than with the people.
Madeleine Begun Kane presents De-Moralized? posted at Mad Kane’s Political Madness.
Hmmm…that’s just as crazy as libtards blaming Glenn Beck and O’Reilly for Tiller The Baby-Killer’s death. Neither of them compute.
Bob Brooks presents Dazed and Confused – The Weapon of the Politicians posted at Bob Brooks – Prudent Money Blog.
Just keep reporting on this kind of stuff. With enough of us bloggers out here pointing out the truth – eventually someone is going to come across it. I have people that I work with that didn’t even know this thing passed last week. I spoke to as many colleagues as possible leading up to the vote – but – I guess I wasn’t talking to the right people. Keep up the great work, Bob.
News
nickel presents $15,000 Homebuyer’s Tax Credit is Back on the Table posted at fivecentnickel.com.
Personally, I think that’s a load of crap. The tax credit – not your article! 
We don’t need any more freakin’ tax credits. What we need is more permanent tax cuts. The tax credit is not going to incentive anyone to buy a home in this market unless they can also come up with the 20% downpayment. Many banks are actually going back to using solid business decisions and lending practices – that includes money down and income and employment verification. The smart home-buyers are staying in the homes the are already in rather than risk the values of their homes going down further. The market still hasn’t bottomed out. Using my money to incentivize people to buy homes they may not really want or can’t afford is just another bad idea. Kinda sounds like what caused the financial meltdown in the first place.
Politics
Allen Scott presents With Malice Toward None posted at Journey Across the Sky, saying, “Something to think about as we celebrate our Freedom.”
Hey Allen – sorry this didn’t appear before July 4th. I guess that’s just one of the hazards of posting this regularly on Sundays – sometimes the posts come a little later. In any case – whether this comes before or after 4th of July – your discussion is still relevant for every day. Long – but well worth the read.
Wenchypoo presents About That Climate Change Bill Voted On Last Friday… posted at Wisdom From Wenchypoo’s Mental Wastebasket.
Hey Wenchypoo – perhaps you might want to resubmit? For whatever reason – this doesn’t link to anything – blogger says this link doesn’t exist.
Gal Josefsberg presents An Open Letter To Our Elected Officials posted at Gal Josefsberg, saying, “I want someone to inspire me, someone who will give us a cause to rally behind. With so many issues facing us, we need more than a manager, we need a leader.”
Good letter. Hey, did you hear that Steve “Air” McNair was shot and killed? Seriously, this country needs to focus on what is right rather than what the media wants us to look at. We have far too many issues that effect all of individually that are before Congress that needs to be looked at. I too am so tired of all the idiots in this country tied to the “boob tube” that they can’t even think critically any longer – nor do they care about the real issues. Great post.
That concludes this edition. Submit your blog article to the next edition of The BoBo Carnival of Politics using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.
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Okay people – The House of Representatives completely dissed America when they passed the Crap and Tax bill this past summer. Despite the fact that the majority of this country, once again, overwhelmingly told those idiots in Congress to vote NO – they still passed it. Well, it’s up in the Senate now:
