Wednesday, November 3, 2010

Election Night Results

Of all the commentary, prognostications, analysis, speechmaking, and sundry verbiage, the best words of last night came from the new Senator-Elect Rand Paul from the Great State of Kentucky.

His victory speech was eloquent and earthshaking.  The status quo in Washington is dead, and perhaps Big Government has been mortally wounded.

I wish Mr. Paul and all the new Republicans much success in the days ahead.  They will need all the fortitude and courage they can muster because the Old Guard is still in charge and like the dinosaurs they are these blind behemoths are unaware of how little people get crushed in their wake.

Today, Federal Reserve Chairman Ben Bernanke announced the Fed will start buying $75 billion of long-term U.S. debt PER MONTH until June 2011 for a total of $600 billion.  Even the mainstream media has realized this is a disastrous policy.

But also notice when, on what day, or more precisely after what day, does Bernanke announce it.