More Americans Want to Cancel the Shamulus Than Want to Keep It

The Weekly Standard: "Forty-five percent (45%) of Americans say the rest of the new government spending authorized in the $787-billion economic stimulus plan should now be canceled. A new Rasmussen Reports national telephone survey found that just 36% disagree and 20% are not sure."

Once again, despite media attempts to cover it up, there is brain activity in the American populace at large.

Slow Learners - But Not Brain Dead

IBDeditorials.com: Editorials, Political Cartoons, and Polls from Investor's Business Daily -- Europe's Lesson: "last weekend, a Gallup Poll showed most Americans for the first time view President Obama unfavorably when it comes to 'controlling federal spending.'"

Duh!

Common Sense Down Under

Carbon Reality, Again - WSJ.com:

"It's turning out that the biggest problem with carbon taxes is political reality. Australian Prime Minister Kevin Rudd has just announced he will delay implementing his trademark cap-and-trade emissions trading proposal until at least 2011. Mr. Rudd's March proposal would have imposed total carbon permit costs (taxes) of 11.5 billion Australian dollars (US$8.5 billion) in the first two years, starting in 2010. This would have increased consumer prices by about 1.1% and shaved 0.1% off annual GDP growth until at least 2050, according to Australia's Treasury.

Some nations understand that the world has nothing to gain from them committing economic suicide in the name of "climate change."

The Indispensible Man Gets It Wrong Again

Geithner Cool to Suspending Mark-to-Market - WSJ.com:

"WASHINGTON -- U.S. Treasury Secretary Timothy Geithner said Thursday that some proposals to temporarily suspend mark-to-market accounting rules could lead to an erosion of the market's ability to assess risks at banks.

The comments would seem to suggest that Mr. Geithner would be opposed to a suspension of those rules, although he wouldn't expressly say so, noting it would be the decision of the U.S. Securities and Exchange Commission to do so."

We pour money into banks, who can't lend it out because mark-to-market rules make them hoard it. So then the banks come back to us for more money...

De-linking mark-to-market from reserve requirements (allowing them to lend based on a more reasonable estimate of the value of their assets) doesn't preclude us from requiring the banks to provide us with mark-to-market accounting of their assets as yet another means to evaluate their health.

Oh Maggie, We Need You

“The thing about socialism is that…eventually you run out of other people’s money.” - Margaret Thatcher

America is Not Brain Dead CONT'D (nor Totalitarian)

Rasmussen Reports™: The Most Comprehensive Public Opinion Site.: "Just 38% of U.S. voters think that the government should require all radio stations to offer equal amounts of conservative and liberal political commentary.

Forty-seven percent (47%) oppose government-imposed political balance on radio stations, according to a new Rasmussen Reports national telephone survey. Fifteen percent (15%) are not sure which course is better.

These findings are a dramatic nine-point drop-off in support for the Fairness Doctrine from a survey last August when 47% said the government should require all radio and television stations to offer balanced political commentary."

However, it remains to be seen whether the Democrats in power care what the American public thinks.