The deepening toll from the global financial crisis could trigger the failure of a large US bank within months, a respected former chief economist of the International Monetary Fund claimed today, fuelling another battering for banking shares.
Professor Kenneth Rogoff, a leading academic economist, said there was yet worse news to come from the worldwide credit crunch and financial turmoil, particularly in the United States, and that a high-profile casualty among American banks was highly likely.

Did you notice what is wrong with the picture? The flag is upside down. Is this what the Democrats think of America? More importantly, is this what Democrats think of freedom (from Government)?

The Liberty Tree Lantern believes that the National Democratic Committee spent hours selecting and getting this picture just right. Upside down. What kind of change are they looking for?

The war against citizen initiatives has other fronts. This year in Michigan, taxpayer groups tried to recall House Speaker Andy Dillon after he pushed through a 12% increase in the state income tax. But petitioners collecting the necessary 8,724 signatures in his suburban Detroit district were set upon. In Redford, police union members held a rally backing Mr. Dillon and would alert blockers to the location of recall petitioners. Outsiders would then surround petitioners and potential signers, using threatening language.

Mr. Dillon denied organizing such activity. Then it was revealed two of the harassers were state employees working directly for him. Another “voter educator” hired by the state’s Democratic Party had been convicted of armed robbery. After 2,000 signatures were thrown out on technical grounds, the recall effort fell 700 signatures short.

You see, the national media have elevated Obama to a position beyond sainthood: they view him as the fourth member of the Godhead. He can do no wrong. He is America’s–no, check that, he is the world’s–savior. How dare Dr. Corsi spoil the sacrosanct candidacy–and the media’s universal anointing–of Obama?