That’s right.

f’n ZERO!

QE is very simply put, printing money.

The current US admin has resorted to printing money in an attempt to ‘stimulate’ the economy. never mind all of the spending increases as well. They are simply printing money and spending that.

We are currently nearing QE3.

They do this electronically. The govt simply adds electronic money to their ledger and then spends it. Primarily, they use the presto money to buy assets from banks in the hope that the cash the banks get from the govt purchase to make loans.

Only problem is, after the govt f’d up so badly on the Fannie Mae/Freddie Mac debacle, banks don’t want to issue sub-prime loans anymore. And worse than that, the American consumer knows hard times are here and is trying pay debts down, not incur new debts.

The Govt just won’t accept that their liberal spend spend spend policies do not work.

And the worst part of this is the coming inflation. Just common sense will tell you that as the amount of money available goes up, the prices of things will go up as well.

QE 1 was 800 billion dollars.
QE 2 was 600 billion dollars.
QE 3 is ?.

I’ve only read on positive thing about QE. A leftist economist who believes that QE actually works (and evidence from Japan in the 90s indicates it doesn’t) Says that QE WILL lead to stagnant inflation. But that the absence of QE will lead to deflation, and a depression. He concludes that Stagnant inflation is the lesser of the two evils, ie preferable to a depression.

That’s it. That’s the only only real honest assessment that I’ve found so far which has positive things to say about QE. Most real assessments are negative to abysmal. There are the rosy smiling aparatchiks who foresee waterfalls and unicorns at every turn. But well, If they could be believed, why was there any need for a QE2? Or the coming QE3? Shouldn’t QE1 have been enough. They swore it was at the beginning…

nitwits.

Balance the budget. Quit spending money.

I love college football. I’ve posted about the Oklahoma Sooners before. I’m following them again this year. Most recently they were upset by Texas Tech, and I’m not happy about it. But it happens.

OU is in the “Big 12″, which is in danger of falling apart. Nebraska defected to the “Big 10″ so they can try to sponge off of some East Coast Journalist lovin. I hope they do well over there, but that the Big 10 continues to suck. Colorado left for the Pac10, now the Pac 12, and I hope they suck it hard. Don’t. Like. the. West. Coast.

Texas A&M has signed up for the move to the SEC this year. Can you say Door Mat? But now I’m hearing that Missouri is trying to move to the SEC as well. I don’t want them to go.

But the Big 12 is getting smart and starting to try and pick up replacement teams. They announced today that West Virginia will be moving to the Big 12. Regardless of whether or not Missouri does move to the SEC. And there is interest in BYU as well.

I say get em.

There are a few teams I hope the Big 12 pic up.

In addition to BYU, I hope they pic up SMU, Houston, UTSA, and UNM. As for teams that are already in major conferences that I want the Big 12 to “steal” include: Virginia Tech, Iowa, and to steal Nebraska back. I’d like to see Arkansas come over as well, but I just don’t see them leaving the SEC.

The trend right now is to a 16 member conference. The Big 12 currently has 9 teams after losing 3, and is in danger of losing another. After adding WVA, they need to pick up 7-8 new teams.

Boomer Sooner….

So far, I’m still in the Cain camp. I actually like him, so if he wins the nomination, he would be someone I would vote for.

It would be the first time that the vote would not be a choice between the lessor of two evils. Not since Reagan has there been a name on the ballot I liked.

I’m going to start posting a lot about islam again. Getting my Crusader hat on again.

Last election the GOP fielded Sen John McCain. Now the new darling is Henry Cain. At least for the moment. He has announced his candidacy but has yet to win any primaries. Of course they haven’t even been held yet. We’re still too far out.

It’s going to be interesting to see how he does.

So far, the little I’ve seen of him is that he’s pretty common sensical about financial things. Simple balancing of the budget.

One thing I’ve heard him say that I REALLY like, he pointed out that he doesn’t intend to reduce the deficit like so many other yahoos on the news. He has pointed out that reducing the deficit only slows the growth of the public debt. Herman Cain wants to reduce the DEBT.

And THAT I like.

Until I hear someone else say something similar, Cain is my man.