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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (108624)	2/21/2010 10:06:15 AM
From: niceguy767	Read Replies (1) \| Respond to of 116555

Looks like both the global and local "frustration indices" are increasing their velocity towards what may be a "critical mass" state.

To: mishedlo who wrote (108624)	2/21/2010 6:10:23 PM
From: riversides	1 Recommendation Respond to of 116555

Gingrich Compares Admin To Soviets, February 20, 2010 4:55 PM By Jamie Shufflebarger Dispatches From CPAC hotlineoncall.nationaljournal.com In a fiery CPAC speech this afternoon, ex-Speaker Newt Gingrich called on conservative activists to defeat the "secular socialist agenda" of the Obama admin or risk the very future of America. Gingrich addressed the packed auditorium as a conquering hero, entering to "Eye of the Tiger." The enthusiastic crowd gave him a standing ovation as he glad-handed his way to the stage, entering through the audience rather than from the wings, as other speakers this week have done. Gingrich called for a "principled bipartisanship," but put the blame for deadlock in DC squarely on Obama and Congressional Dems. Gingrich, like many CPAC speakers, compared the current admin. to the Soviet Union. "I believe that we are in a struggle over whether or not we're going to save America," Gingrich said. "I believe the radical left is a secular socialist machine so dedicated to the destruction of the values of America.... that it is antithetical to the survival of America as a prosperous healthy country based on sound principles." Gingrich argued that all of the recent crises "are not economic, they're cultural." He said Americans need to spend within their means, and said the government over the last 20 years has encouraged families to buy homes even if they couldn't afford it. He called for a balanced budget amendment, and cited the budgets of the '90s as an example. Gingrich said the corruption of unions in government is part of the reason for DC's ineptness. He cited the NYC teacher unions as an example, as an audience member yelled "Down with the NEA." "I know from a Chicago-Springfield background that it's hard to grasp that honesty can be part of government." Gingrich joked. "But time has come to tell the truth about the corruption of the government employee unions of this country." He blasted Dems for secrecy during the health care debate, and called for an open amendment and conference process. He said GOPers should attend next week's WH health care summit, but go armed with their own agenda and demand the health care legislation process begin anew. He thinks GOPers will win control of both the House and the Senate at the end of this year, and promised that the country will elect a new president in '12. But Gingrich warned that "history doesn't stand by" until then. "If we are going to have three years in which the President, Reid and Pelosi become isolated," Gingrich said. "We can't just sit back and hope people are just going to let us wait. We can't go on recess. We have to have the courage to stand up and say we know what we believe, we know what American people believe, we know what is good for America's future." Gingrich is on the '10 CPAC presidential straw poll ballot, results of which will be announced at 5:30 this evening. Gingrich was 5th with 10% of the vote in '09. During his speech today he had kind words for both ex-MA Gov. Mitt Romney (R) and MN Gov. Tim Pawlenty (R), who both spoke earlier this week and are also straw poll contenders.