Be very afraid

It would seem the solution to cowbell is MORE COWBELL:

“Today there are very substantial risks, to be sure, but the economy is growing, unemployment is falling and financial conditions are normalized,” said Summers, who was director of the White House National Economic Council in the Obama administration from 2009 to 2010.

Summers said the “central irony” of a financial crisis is that it’s caused by too much confidence, borrowing and lending, and is resolved by more confidence, borrowing and spending.

There is no irony there because it isn’t a solution. This is exactly what I meant by “buying time” and what others have meant by “extend and pretend”. There is little chance that Summers actually believes this, but the financial charlatans of the world now have no choice but to keep clinging to the tiger’s tail while hoping for a miracle.

Send Congress home

Why, exactly, are we bothering to elect Senators and Representatives in the first place now that they have handed hand over control of the money supply to a private bank and war powers to an unholy combination of the executive branch, NATO, and the United Nations? Not only is this not democracy, it’s not even representative democracy, much less in accordance with the Constitution.

In an effort to satisfy those arguing he needs to seek congressional authorization to continue US military activity in accordance with the War Powers Resolution, President Obama wrote a letter to congressional leaders this afternoon suggesting that the role is now so “limited” he does not need to seek congressional approval.

“Since April 4,” the president wrote, “U.S. participation has consisted of: (1) non-kinetic support to the NATO-led operation, including intelligence, logistical support, and search and rescue assistance; (2) aircraft that have assisted in the suppression and destruction of air defenses in support of the no-fly zone; and (3) since April 23, precision strikes by unmanned aerial vehicles against a limited set of clearly defined targets in support of the NATO-led coalition’s efforts.”

A senior administration official told ABC News that the letter is intended to describe “a narrow US effort that is intermittent and principally an effort to support to support the ongoing NATO-led and UN-authorized civilian support mission and no fly zone.”

“The US role is one of support,” the official said, “and the kinetic pieces of that are intermittent.”

From the beginning of the U.S. military intervention in Libya, the Obama administration has cited the 1973 War Powers Act as the legal basis of its ability to conduct military activities for 60 days without first seeking a declaration of war from Congress. The military intervention started on March 19; Congress was notified on March 21. Those 60 days expire today.

One merely wonders how a military target being clearly defined or in support of a coalition effort makes bombing it any less an act of war.