The Federal Reserve is not my issue. Audit it if you want, I’m with you. But it’s not something that drives me crazy or makes me passionate. But there is one issue that really gets me and the Fed has been at the center of it lately — crony capitalism.

Barack Obama has nominated Jeremy Stein and Jerome Powell to the Federal Reserve Board of Governors for six years each. Senator David Vitter (R-LA — HAFA Score 85%) placed a hold on both men. They are creatures of Wall Street and, in the biggest red flag of the day, both Goldman Sachs and JP Morgan have been pressuring Senator Vitter to drop his hold.

The issue here is bailouts. Mark Calabria notes the Federal Reserve has bailout powers, but it needs the support of five Federal Reserve governors. Stein and Powell are both in favor of the Federal Reserve continuing to bailout banks and other entities with little oversight.

Harry Reid can bring these men to the floor any time he wants. The word in the Senate is that he is about to.

Conservatives in the Senate and outside the Congress are deeply worried that Mitch McConnell will cut a deal with Reid to undercut David Vitter’s hold. We potentially could delay the appointments until after the November election if Mitch McConnell will side with David Vitter and Senate conservatives by objecting to Harry Reid’s cloture motion.

Please call Senator McConnell’s office today and encourage him to stand with David Vitter and object to cloture on Jeremy Stein and Jerome Powell. His office number is (202) 224-2541. Then call your own Senator at (202) 224-3121 and tell them to oppose Stein and Powell.

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Alernate-alternate title: DOOM.

You know, when I saw this secondhand whine from Wisconsin Democrats upset that the DNC apparently wasn’t prepared to throw half a million dollars at the general recall election, I assumed that this would be resolved. I mean, really: the Left has already thrown away tens of millions of dollars; what’s a bit more? Admittedly, not throwing utterly horrible money after bad (we’ve passed the ‘throwing good money after bad’ stage already) would be the right answer, in a strictly utilitarian sense; but the state party is in a bad way right now. They sort of need an indication that the President cares for more than his own election, right?

Well… that’s apparently not going to happen. MSNBC’s Chuck Todd asked Obama’s deputy* campaign manager Stephanie Cutter whether the DNC would be sending money earmarked for the recall, and Ms. Cutter said… nothing in particular. And definitely nothing that would commit the DNC to giving out money.

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Guest post from Rep. Louie Gohmert, Rep. Jeff Landry, and Rep. Scott Rigell

This week, the House will fulfill our most important constitutional duty by debating the FY 13 National Defense Authorization Act (NDAA). In accordance with the framer’s intent, this act is the primary check that Congress can apply to the Executive Branch on defense and national security policy.

Last year, constitutional conservatives raised the alarm bell about some provisions in the FY 12 NDAA; provisions that many were concerned would grant President Obama far reaching powers to detain American citizens without trial. The bill ultimately passed, but has become the subject of countless town hall meetings, tweets, and Facebook posts in the months since.

The debate has become so heated that many believe that the NDAA is a bill that deals strictly with detaining terrorists. It is much more than that. Aside from dictating how the military can handle any al Qaeda terrorists they capture, the FY13 NDAA deals with the full scope of national security issues. There is much in it, from a rejection of the Obama administration’s effort to raise health care fees on military retirees; to making sure the President doesn’t trade our missile defenses away to the Russians, that Conservatives can be proud of.

The real question before us is how to adjust the language from last year that has made so many so uncomfortable while still ensuring that we can fight and win the War on Terror. The base bill has already made important steps in the right direction. It includes the Rigell / Landry reassertion of the Writ of Habeas Corpus. This language firmly states that the 2001 Authorization for the Use of Military Force (AUMF) and the FY 12 NDAA detainee provisions do not allow for the detention of any person in the United States without the right of redress. Under this provision, all Americans have access to the Writ of Habeas Corpus.

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Last week, the House passed H.R. 5326, the Commerce, Justice, Science, and Related Agencies Appropriations Act, by a vote of 247-163, providing $51.131 billion in discretionary appropriations for fiscal year 2013. That’s $1.61 billion or 3% below the amount of funding provided for these programs in fiscal year 2012–and $731 million or 1.4% below the amount requested by the president for fiscal year 2013.

Not terrible, but clearly there was room to cut more spending, right? Surely House Republicans realized that Americans want them to cut more spending than 3%–and be more than 1.4% below where President Obama is, right?

Right?

Well, some conservative amendments did indeed pass. See these, for example:

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The Democrats have been taking professional training on how to be race baiters in this election cycle. I’m surprised this hasn’t gotten significant coverage.

I’ll get into it tonight and the logical outcomes of Obamacare start to kick in as Obama starts inserting himself into other Presidents’ biographies.

You can listen live tonight on the WSB live stream from 6:05 pm to 10pm and call in at 1-800-WSB-TALK.

Consider this an open thread. Also, please consider going to http://wsbradio.com to find out how you can help Amy Copeland.

If you are in the Atlanta area and can give blood, please click here right now to register for a spot at the blood donation drive.

Speaking in Des Moines, Iowa this afternoon, Romney took President Obama to task for his incessant spending and borrowing:

“Today America faces a financial crisis of debt and spending that threatens what it means to be an American. Here in the heartland you know in your hearts that it’s wrong.  We can’t spend another four years talking about solving a problem that we only make worse every day. When the men and women who settled the Iowa prairie saw a fire in the distance, they didn’t look around for someone else to save them or go back to sleep hoping the wind might blow another direction. They knew their fate was in their hands and so it is today.  A prairie fire of debt is sweeping across Iowa and our nation and every day we fail to act we feed that fire with our own lack of resolve.”

Romney went on to hit Obama for the so-called stimulus, the ever unpopular ObamaCare and the more than five trillion dollars the Obama deficits have added to the national debt:

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There is much hullabaloo in the media about John Boehner’s shot across the bow in the upcoming battle over the debt ceiling this fall.  Specifically, Boehner warned that he “will again insist” on the” simple principle of cuts and reforms greater than the debt limit increase.”

The question is what Boehner means by insisting “again” on spending cuts greater than the debt ceiling increase.  Does he view the failed Budget Control Act (BCA), super committee, and sequester of defense spending as a success?  He has yet to denounce last year’s failure, so why should we look forward to a repeat performance?

The first step in remedying our debt ceiling strategy is to acknowledge the failures of the past.  When Republicans caved on raising the debt limit last year, we referred to the final Boehner proposal as a ground ball into a double play.  Not only did Boehner fail to secure any transformational downsizing of government in exchange for raising the debt ceiling, he actually stymied our leverage in future budget battles.  As we’ve noted, Mitch McConnell and House appropriators have already signaled that they will never cut one cent below the discretionary budget caps established in the BCA.  Hence, the BCA served only to lock in the record spending levels of the Obama-era.  The only real cuts that originated from that deal were the sequester cuts to the military that Boehner agrees we should now vitiate.  So how would he do things differently this time?

In retrospect, it would have been better to pass a clean increase of the debt ceiling and live another day to fight in future spending battles than to pass the BCA.  The BCA ruined our leverage for the next ten years as Democrats and Republicans alike refuse to spend below those statist levels.  Moreover, it has engendered a gratuitous schism in the conservative coalition by pitting spending hawks against defense hawks and forcing Republicans to go through the embarrassment of undoing their own scheme.  Finally, the deal failed to achieve the primary objectives of averting a credit downgrade and slowing the national debt.  The debt has increased another $1.3 trillion in the 9 ½ months since the debt ceiling was raised.  That’s about $5 billion per day.  After the hyped dollar-for-dollar cuts, there is not a single major program or agency that has been eliminated.

The irony is that the debt has increased so rapidly following last summer’s deal that we are already talking about the next debt ceiling battle.  Do we really want a repeat performance?

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The Obama Administration has mandated that all health insurance plans must cover “women’s health services” including contraception, sterilization, and abortion-causing medications as part of the Patient Protection and Affordable Care Act (PPACA). Up to this time, Franciscan University has specifically excluded these services and products from its student health insurance policy, and we will not participate in a plan that requires us to violate the consistent teachings of the Catholic Church on the sacredness of human life.

The quote above represents the reaction of one, small Catholic university to the DHS mandate that all health insurance plans pay for abortificants. Franciscan University of Stuebanville, boasts about 2,500 students. They don’t have Touchdown Jesus, but they did take 3rd Place in National Small College Rugby Organization Tournament. Such a small event would probably lead Mein Obama to scoff “How many divisions does the Pope of Rome have?”

The President has already eaten his negative press on this and deflected it by accusing Mitt Romney of marshalling the forces of iniquity in a war on women. Barack Obama has led recent college graduates to levels of unemployment that have caused periphery countries in the Eurozone to suffer economic collapse and require national bail-outs. He has been utterly oblivious to the fact that his policies have failed them like nobody else in America. If Georgetown or Notre Dame were to drop student Health Coverage, President Obama would only use this as an excuse to further demean the beliefs and values of religious Americans.

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Today is May 15th. On this date in 1618, Johannes Kepler discovered the Harmonic Law, or the Third Law of Planetary Motion. This law governs where and when a person can play a harmonica unironically. On this date in 1768, France purchased Corsica from Genoa. But only 18 grams, any more than that and France could have been charged with possession with intent to distribute. On this date in 1756, the Seven Years War began. Tragically, only 3 years survived. Also on this date, in 1856, L. Frank Baum, author of the Wizard of Oz books, was born. The L. stood for “Love Me Some Obama”. #ObamaInHistory And finally, today is National Sea Monkey Day, a horrifying day marked by the traumatic singing of the traditional holiday song “Sea Monkey See, Do, Monkey, Do”. Consider this an Open Thread.

The Left Is Getting Clobbered On Twitter | PowerLine
“In the skirmishing so far, one perhaps surprising media advantage has become clear: the right is clobbering the left on Twitter.”

Blogger Confronts Newspaper that Stole His Article with $500 Invoice | PJM
“As both his editor and a peer in the new media world a sense of pride sweeps over me while watching Duane calmly, professionally LAY DOWN THE LAW and GET PAID”

The Facebook effect | The Economist
“But back-of-the-envelope calculations by Mr Sisney suggest that California might get a windfall of $2 billion over the current and coming fiscal years, and possibly billions more if the shares trade well.”

Air Force Eliminates Test Flights for New Light Attack Plane | PJM
“Would you buy combat airplane without knowing whether it can even fly? The guys on Pawn Stars wouldn’t do that — but apparently the United States Air Force will.”

Inside The Secret Miami Meeting Of George Soros’ Liberal Conspiracy | Free Beacon
“A secretive network of left-wing billionaires and their political operatives descended on the luxurious Biltmore Hotel in Miami over the weekend to discuss strategy for the coming elections.”

The Left’s War on Wisconsin” from briansikma.

altiloquent (awl-TIL-uh-kwuhnt): noun High-flown or pretentious language.
(Via Thesaurus.com)

…which is why, of course, I am asking it. The background… comes in three parts:

• Vice President Joe Biden, when he was Senator Joe Biden, happened to be a sponsor of the Violence Against Women Act. We’ll pass to one side for a moment the current (as in, this week) controversy over the latest iteration of the law – it’s up for reauthorization – to specifically note, again, that this was Biden’s baby, as it were.
• Charlie Wilson is known mostly for three things (four, if you count the fact that he’s often confused with the infinitely better Democratic Charlie Wilson from Texas); he was the former Congressman from OH-06; Charlie Wilson of Ohio is an admitted wife-beater; and Charlie Wilson of Ohio is unaccountably running for Congress again.
• Guess where Joe Biden will be stumping for the President, this week? That’s right! OH-06! Also OH-17 (Youngstown), but Thursday Biden will be making a speech Thursday at an auto dealership in Martin’s Ferry.

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Today Ezra Klein at the Washington Post put out a piece promoting Common Cause’s lawsuit to have the Senate filibuster declared unconstitutional.  Klein repeats myth after myth about the filibuster.  This piece should commence an interesting national debate finally putting the argument to bed that the filibuster is somehow unconstitutional.  Abolition of the filibuster will lead to a Senate with less time for debate and limited transparency for the American people.

It is interesting to note that these short sighted leftists may be laying the table for an easy repeal of ObamaCare, Dodd-Frank and extending the Bush tax cuts.  Clearly, Republicans control of the Senate is within reach (see RCP analysis of Senate polls).  There is also a 50-50 chance that Republicans win the presidency.  Liberals are trying to get rid of the one tool they would have to stop Republicans from dismantling the Obama legacy of higher taxes and more regulation.

I have to imagine that some Republicans will want to take liberals up on the offer of ridding the Senate of the filibuster in January of 2013. 

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