2% Inflation in March

The Bureau of Labor Statistics reports that inflation for the months of March was 2%.

Since the readers of this blog have not spent time in Zimbabwe or Argentina, let me explain what this means in plain words. If at the beginning of March you had $100,000 CD in the bank, at the end of March the CD was worth $98,000 in purchasing power.

The government took away these $2,000 simply by printing paper, and you cannot even deduct it from your taxes.

But you can still celebrate that you made 1.70% on your CD. This means that during the month of March you made 0.1416666666666666666666666666667% and the government will tax you for this incredible growth in your wealth.

If this information makes you sick, don’t worry. Medical care will soon be "free".




Pictures of the Argentine peso.  I remember visiting Buenos Aires, and paying 6,000,000 pesos for a cab ride. 
They didn't have Obama there, but they had his typre of policies.

Obamistas Emulate Peronistas: The outcome will be the same

In this article, Mary Anastasia O'Grady, from the Wall Street Journal explains how Argentina went on the road of econimic disaster, and faced with opposition enacted laws to silence the press. A must read for Americans. The similarities are striking.

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Alan Dershowitz on the Goldstone Report.

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Interesting Articles

We are being told about the Canadian healthcare system as a model to emulate in the US. Read this article and see what a bureaucracy can do. Lucky for the Canadians, they have the United States south of the border to help the victims of Canadian healthcare providers. We will have only Mexico and Canada. Scary.
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Colombian delegation condemns the destruction of Qunaitra by Israel. Of course, this Syrian town was returned to Syria 35 years ago, and the destruction took place during a war. To understand why Qunaitra was not rebuilt:
Read Article

Still confused about Honduras?
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107,000 cases of Swine Flu in Argentina. The Kirchner administration is handling the crisis as well all other crises plaguing this poor nation. This means that the number of death due to the pandemic will continue to increase.
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With the following quote from Obama, we have found a new method for destr0ying our enemies: "The future does not belong to those who gather armies on a field of battle or bury missiles in the ground." Our enemies will read this and die laughing.