The REAL Planned Parenthood: [WARNING: EXTREMELY GRAPHIC]

All parents should watch this....  It is frightening.  Really frightening.

The Moral Authority of the Catholic Church and Obama

American Catholicism’s Pact With the Devil

Paul A. Rahe · Feb. 10, 2012

 This article describes how the moral authority of the Catholic Church has been abdicated by equating the left's agenda for a nanny state and it's stance on the abortion issue.  It is truly fascinating.

Given that my father was a Catholic who could not partake in the Holy Sacrament because he was married to my mother who was a divorcee' I have always held a skeptical view of the Catholic Church.  Now being a born-again evangelical Christian, it weighs heavy on my heart that many of my relatives may never have that personal relationship with Jesus Christ I experience daily because religions like Catholicism which are steeped on rituals and legalistic interpretations of the Bible.     

Still, I was unaware of these history behind these decisions by the leaders of the Catholic Church, but it certainly does make sense.   Here are some excerpts:

In the 1930s, the majority of the  bishops, priests, and nuns sold their souls to the devil, and they did so with the best of intentions. In their concern for the suffering of those out of work and destitute, they wholeheartedly embraced the New Deal. They gloried in the fact that Franklin Delano Roosevelt made Frances Perkins – a devout Anglo-Catholic laywoman who belonged to the Episcopalian Church but retreated on occasion to a Catholic convent – Secretary of Labor and the first member of her sex to be awarded a cabinet post. And they welcomed Social Security – which was her handiwork. They did not stop to ponder whether public provision in this regard would subvert the moral principle that children are responsible for the well-being of their parents. They did not stop to consider whether this measure would reduce the incentives for procreation and nourish the temptation to think of sexual intercourse as an indoor sport. They did not stop to think.

In the process, the leaders of the American Catholic Church fell prey to a conceit that had long before ensnared a great many mainstream Protestants in the United States – the notion that public provision is somehow akin to charity – and so they fostered state paternalism and undermined what they professed to teach: that charity is an individual responsibility and that it is appropriate that the laity join together under the leadership of the Church to alleviate the suffering of the poor. In its place, they helped establish the Machiavellian principle that underpins modern liberalism – the notion that it is our Christian duty to confiscate other people’s money and redistribute it.

.... 

I would submit that the bishops, nuns, and priests now screaming bloody murder have gotten what they asked for. The weapon that Barack Obama has directed at the Church was fashioned to a considerable degree by Catholic churchmen. They welcomed Obamacare. They encouraged Senators and Congressmen who professed to be Catholics to vote for it.

... 

In my lifetime, to my increasing regret, the Roman Catholic Church in the United States has lost much of its moral authority. It has done so largely because it has subordinated its teaching of Catholic moral doctrine to its ambitions regarding an expansion of the administrative entitlements state. In 1973, when the Supreme Court made its decision in Roe v. Wade, had the bishops, priests, and nuns screamed bloody murder and declared war, as they have recently done, the decision would have been reversed. Instead, under the leadership of Joseph Bernardin, the Cardinal-Archbishop of Chicago, they asserted that the social teaching of the Church was a “seamless garment,” and they treated abortion as one concern among many. Here is what Cardinal Bernardin said in the Gannon Lecture at Fordham University that he delivered in 1983:

Those who defend the right to life of the weakest among us must be equally visible in support of the quality of life of the powerless among us: the old and the young, the hungry and the homeless, the undocumented immigrant and the unemployed worker.

Consistency means that we cannot have it both ways. We cannot urge a compassionate society and vigorous public policy to protect the rights of the unborn and then argue that compassion and significant public programs on behalf of the needy undermine the moral fiber of the society or are beyond the proper scope of governmental responsibility.

..... 

Upon reflection, he can accept the fig leaf that President Obama has offered him. Or he [Archbishop Timothy Dolan of New York] can put Sister Keehan and her supporters in their place and fight. If he wants to regain an iota of the moral authority that the Church possessed before 1973, he will do the latter. The hour is late. Next time, the masters of the administrative entitlements state won’t even bother to offer the hierarchy a fig leaf. They know servility when they see it. 

Here is a follow-up to the controversial article above:

American Catholicism: A Call to Arms

Paul A. Rahe · Feb 15, 2012 

Was the Judge fired for this?

The Judge's show "Freedom Watch" was cancelled.  According to the Judge's own Facebook page, he said it was for business reasons, as a couple of his shows have been cancelled in the past.  Each time he was rewarded with bigger & better opportunities.

Still, it's a little unsettling....

The 2012 Index of Dependence on Government

The 2012 Index of Dependence on Government
William W. Beach is Director of the Center for Data Analysis at The Heritage Foundation. 
Patrick D. Tyrrell is Research Coordinator in the Center for Data Analysis. 


I encourage you to click the links above and read the entire report.  It has many great graphs and charts that show how things are getting out of control.  We are at a tipping point in our country.  After looking through the facts, there is no doubt about the sense of urgency we need to have about the direction of the USA, lest we become yet another mediocre European style socialized democracy.  


Excerpts:

Taxes


The percentage of people who do not pay federal income taxes, and who are not claimed as dependents by someone who does pay them, jumped from 14.8 percent in 1984 to 49.5 percent in 2009. This means that in 1984, 34.8 million tax filers paid no taxes; in 2009, 151.7 million paid nothing.


70.5 percent of federal spending now goes to dependence-creating programs, up dramatically from 28.3 percent in 1962, and 48.5 percent in 1990


Beginning in 2008, the federal government took over the operations of Fannie Mae and Freddie Mac and has since then spent more than $150 billion to keep them afloat and allow them to continue to provide mortgage credit to finance home sales. More than 90 percent of all single-family residential mortgage credit is now provided by these two government-sponsored, government-controlled enterprises, thereby extending dependence on federal assistance to middle-class and upper-middle-class households.


Medicare/Medicaid


 In 1970, 20.4 million individuals were enrolled in Medicare. By 2010, the number of enrollees had more than doubled to 47.5 million Over the next 10 years, the number of people enrolled in Medicare will increase dramatically. In 2011, the first of 81.5 million baby boomers became eligible for Medicare. In 2010, the size of the Medicare-eligible elderly population was 21.5 percent the size of the non-elderly adult population; the Congressional Budget Office (CBO) predicts that by 2035, this proportion will grow to 36.4 percent.


In 2010, 53.6 million Americans were enrolled in Medicaid, an increase of almost 3 million individuals in just one year, and 20 million since 2000. Medicaid serves a diverse population of the poor, including children, mothers, the elderly, and the disabled. Combined, the total national cost of Medicaid and CHIP in 2010 is estimated at $413 billion, and is projected to rise to $914 billion by 2020.


By 2020, Medicare spending will reach $922 billion, and total spending for Medicaid and CHIP will reach $914 billion, at which point government spending will represent 50 percent of all health care expenditures.


Welfare


The erosion of marriage and family is a primary contributing factor to child poverty and welfare dependence, and it figures significantly in a host of social problems. A child born out of wedlock is seven times more likely to be poor than a child raised by married parents, and more than 80 percent of long-term child poverty occurs in broken homes or homes where the parents never married. 


In 2009, 1.7 million children were born to unmarried parents. Contrary to popular conception, the typical single mother is not a teen, but in her twenties. Whereas in 1970, one-half of all out-of-wedlock births were to teens, in 2009, births to girls younger than 18 years of age comprise only 7 percent of such births. Sixty percent of out-of-wedlock births occur to women in their twenties. About 43 percent are high-school dropouts, and 36 percent are high-school graduates. Eighteen percent have had some college education; only 2 percent have a college degree.

In the TANF reauthorization, Congress, for the first time, enacted a healthy-marriage initiative, allocating $100 million in TANF funds per year—less than 1 percent of total TANF expenditures in FY 2006—to local organizations that provide voluntary marriage-centered services and skills training to recipients.

Yet, in February 2009, the Democrat-controlled Congress and the new Obama Administration enacted legislation that essentially overturned the fiscal foundation of welfare reform and reverted to an AFDC-style funding scheme. States now receive cash bonuses when they swell the welfare rolls.[Emphasis Mine]

Social Security

... the demographic forces that once made Social Security affordable have reversed, and the program is on an inexorable course toward fiscal crisis. To break even, Social Security needs at least 2.9 workers to pay taxes for each retiree who receives benefits. The current ratio is 3.3 workers per retiree and dropping because the baby boomers produced fewer children than their parents did and are now nearing retirement. The ratio will reach 2.9 workers per retiree around 2015 and drop to two workers per retiree in the 2030s.

Current retiree benefits are paid from the payroll taxes collected from today’s workers. Due to the effects of the recent recession, Social Security has not collected enough taxes to pay for all its promised benefits since 2010. Both the Social Security Administration and the CBO say that these deficits are permanent.

From 1983 to 2009, workers paid more in payroll taxes than the Social Security program needed in order to pay benefits. These additional taxes were supposed to be retained to help finance retirement benefits for baby boomers. But the government did not save or invest the excess taxes for the future. Instead, the government used the money to finance other government programs.

Higher Education

During the 2010–2011 school year, total federal spending on student aid programs (including tax credits and deductions, grants, and loans) was $169 billion—making total federal aid 142 percent higher than for the 2000–2001 school year (inflation-adjusted). In the 2010–2011 school year, federal grant aid increased to $49 billion, a 16 percent increase over the previous year—well ahead of the inflation rate.

Increases in federal student aid subsidies over the years have done nothing to mitigate ever-rising college costs. Tuition and fees at public and private four-year institutions rose by 7.9 percent and 4.5 percent, respectively, after adjusting for inflation, from the 2009–2010 academic year to the 2010–2011 academic year.

Farm Subsidies

 In 2009, the average farmer had a net worth of $915,019 (159 percent of the national average of household wealth); in 2010, an annual income of $84,440; while living in a rural area with a significantly lower cost of living than that of suburban and urban areas. The failure rate for farms is about one-sixth the rate of other businesses.

Yet, farm subsidies have become one of America’s largest corporate welfare programs. The majority of subsidies go to commercial farms, which report average incomes of $200,000 and net worths of nearly $2 million.  The bottom 80 percent of farmers receive just one-fifth of the subsidies

Conclusion

Americans have reached a point in the life of their republic when the democratic political process has become a means for many voters to defend and expand the “benefits” they receive from government (read: their dependence). This can only lead to a corruption of government and of self-serving voters. 

How bad are things, REALLY...?

Here are three random stories in the news today.  Each describes one part of what is a conglomeration if problems created by the mishandling of the U.S. economy by Barack Hussein Obama....

Congressional Budget Office reports another $1 trillion deficit
The Politico 
By DAVID ROGERS | 1/31/12 10:06 AM EST 

.....
The $1.079 trillion deficit now projected for this fiscal year ending Sept. 30 is a step backwards from what CBO had predicted in August.

And....

CBO: Taxes Will ‘Shoot Up by More Than 30 Percent’ Over Next 2 Years

CNSNews.com

By Terence P. Jeffrey

January 31, 2012

The amount of money the federal government takes out of the U.S. economy in taxes will increase by more than 30 percent between 2012 and 2014, according to the Budget and Economic Outlook published today by the CBO.
....
From just 2012 to 2014, the increase in federal tax revenues from $2.523 trillion to $3.313 trillion equals $790 billion—or 31.3 percent.

Latest Congressional Budget Outlook For 2012-2022 Released, Says Real Unemployment Rate Is 10%

zerohedge.com

Submitted by Tyler Durden on 01/31/2012

"Had that portion of the decline in the labor force participation rate since 2007 that is attributable to neither the aging of the baby boomers nor the downturn in the business cycle (on the basis of the experience in previous downturns) not occurred, the unemployment rate in the fourth quarter of 2011 would have been about 1¼ percentage points higher than the actual rate of 8.7 percent" translation: CBO just admitted that the BLS numbers are bogus and real unemployment is 10%. 

So, where does that leave us?  Well pretty screwed...  It does not seem that the MSM (Mainstream Media) will be reporting this type of info anytime soon, as it my have a negative impact on out Dear Leaders campaign to remain Emperor for 4 more years....


The Obama's want round 2 for another crack at more than 90 rounds of golf, extravagant vacations to Martha's Vineyard & Hawaii, Michelle's vacation to Spain, parties and state dinners at the White House, and date nights to NYC....  


Meantime, we have to pay...  

Ron Paul supported Cynthia McKinney in 2008...?

That is about all you need to know about Ron Paul.  I agree with his fiscal policies, but that is about where my agreement with him stops.


Here's the story from 2008:

Paul dismisses major party nominees

Posted by Foon Rhee, deputy national political editor September 10, 2008 07:31 PM

Boston Globe

Former presidential candidate Ron Paul urged his supporters today to vote for a minor-party candidate, saying that he had rejected a last-minute appeal from Republican John McCain for his endorsement. 

The Texas congressman cultivated a loyal following and raised sizable amounts of campaign cash online during the Republican primaries. 

At a news conference in Washington he appeared with independent Ralph Nader, the consumer activist, and Green Party candidate Cynthia McKinney, the former Georgia congresswoman. 

Libertarian candidate Bob Barr, the former Republican congressman from Georgia, held his own news conference to announce he has asked Paul, the party's nominee in 1988, to be his running mate. 

In a letter sent to Paul, Barr called Paul one of the "few American patriots" who exist in today's society, and asked him to "seriously consider this final offer as an opportunity to show true, lasting leadership beyond party politics."
UPDATE: Nader issued a statement tonight:

"Today, along with other third party candidates, I joined Congressman Ron Paul to endorse a common agenda that stands up for the US Constitution by ending illegal wars, and protecting the privacy and civil liberties of all persons under US jurisdiction. We also jointly called for an immediate halt to the increase in the national debt, an end to corporate subsidies and taxpayer bailouts of corporations, and to start aggressively pursuing prosecution of corporations that commit crimes and frauds.

"Both Congressman Paul and I also support holding President Bush and Dick Cheney to account for their transgressions against our Constitution.

"Today's coming together of third party candidates marks the beginning of the realignment of American politics.

"While Congressman Paul and I do not agree on all things -- such as health and safety regulations, health insurance systems, and how to handle areas where the market fails or is not up to the task of getting the best outcomes for the American people -- on the overriding foreign policy, reckless waste financed by deficit spending, and civil liberties issues of the day, we stand together. He is a stalwart who has consistently stood up for what he believes in and never wavered when he is opposed by the legions of commercial interests and lobbyists that swarm the Capitol." 

When you're sharing the stage in support of Cynthia McKinney & Ralph Nader, you know you've gone too far....  It's too bad most of his supporters are ill-informed college kids or idealists. 


Even Rand Paul looked uncomfortable sharing the stage with his father in Iowa. 

Who's next? Olympia Snowe & Susan Collins?

From Politico:

McCain to endorse Romney tomorrow

By EMILY SCHULTHEIS

1/4/12 12:09 AM EST

John McCain will endorse his '08 rival Mitt Romney tomorrow, a top Republican source confirmed to POLITICO.
The Arizona senator fought a bitter nomination battle with Romney four years ago, though Romney has worked to mend the relationship since then. The endorsement was first reported byBuzzFeed.McCain’s endorsement will help Romney pivot away from Iowa, toward New Hampshire, and turn the page on the caucuses in any case. But McCain also symbolizes much of what the GOP base doesn’t want in its 2012 nominee, so it’ll be interesting to see just how closely Romney hugs the Arizona senator.
The endorsement is also a blow to Jon Huntsman, who has attempted to campaign as a McCain-style maverick and staked his whole bid on the state that made McCain a national figure.

I am sure Romney thinks this is a good thing.  Personally, I think it's the kiss of death. 

Great RNC Ad. A sign if things to come....?

Debunking: The fact-free world of Reagan myth making

I knew when I read the title of this guys earlier post: "Krugman nails it, for the millionth time!", it would be easy to blow this idiot out of the water....


Reagan agreed to a compromise which included raising taxes in exchange for the democrats reducing some spending.  In typical democrat style, the taxes were implemented, but the spending cuts never materialized.  The truth is in the congressional record, should you care to do the research instead of trying to rewrite history.

When Reagan took office in 1980, there were 16 tax brackets ranging from 0% ($3,400 or less) to 70% ($215,400).  When Reagan left office in 1988 there were 2 brackets: 15% (income up to $29,750) and 28% for income over $29,750).  Coincidentally, revenues increased from $517.1 billion to $909.2 billion.  Sadly, the democrat controlled congress spent at an even faster rate (from a -$73.8 billion dollar deficit in 1980 to -$221.2 billion dollar deficit in 1986).

Facts really are stubborn things.

"Outing" the New Deal

Here is a great explanation regarding the truth of FDR's "New Deal".   

Check out: "In the Days That Reagan Ruled"

 

Here comes The Big Obama Cover-up by the MSM....

Unemployment rate falls to 8.6% in November
USA Today 12-02-2011

Washington — The U.S. unemployment rate fell last month to its lowest level in more than two and a half years, as employers stepped up hiring in response to the slowly improving economy. 

The Labor Department said Friday that the unemployment rate dropped sharply to 8.6% last month, from 9% in October. The rate hasn't been that low since March 2009, during the depths of the recession 

Still, 13.3 million Americans remain unemployed. And a key reason the unemployment rate fell so much was because roughly 315,000 people had given up looking for work and were no longer counted as unemployed.

Employers added 120,000 jobs last month. And the previous two months were revised up to show that 72,000 more jobs added — the fourth straight month the government revised prior months higher.

Private employers added a net 140,000 jobs last month. Governments, meanwhile, shed another 20,000 jobs, mostly at the local and state level. Governments at all levels have shed almost a half-million jobs in the past year.

In the words of Mark Twain: "There are three kinds of lies: lies, damned lies, and statistics."  


There are many ways this headline and this story are misleading:


1) Since Obama has been president the pool of available jobs has shrunk by about 2,500,000 thereby lowering the denominator.  


2) the commonly referred to "unemployment number" is the U3, which are the people who are without jobs and they have actively looked for work within the past four weeks.  But, the U6, includes the discouraged worker, the "marginally attached or loosely employed" and the people who have accepted part-time work in lieu of full time work.  The U6 paints a very different picture - currently 15.6%.   


3) In November 2008, when BHO was elected the civilian workforce over 16 years old was 154,621,000,  Today that workforce is 153,883,000.  Last time I checked that was 738,000 fewer workers.  Really?  I thought about 120-150,000 new workers entered the workforce every month?  From Dec 2001 to Dec 2003 the workforce grew 2,424,000.  And this included the aftermath of 9-11.  


Aren't there any journalist's left in the U.S.?  I guess I'll have to check the U.K. papers to read some facts...

Oh, this is rich!!!

(I'm sorry.  I keep falling back to that line when talking about the OWS...)


Apparently, ACORN is at it again.  Who'd a thunk?  I doubt they'll ever go away....

ACORN Officials Scramble, Firing Workers and Shredding Documents, After Exposed as Players Behind Occupy Wall Street Protests

By Jana Winter

Published November 03, 2011

FoxNews.com

Officials with the revamped ACORN office in New York -- operating as New York Communities for Change -- have fired staff, shredded reams of documents and told workers to blame disgruntled ex-employees for leaking information in an effort to explain away a FoxNews.com report last week on the group’s involvement in Occupy Wall Street protests, according to sources.

NYCC also is installing surveillance cameras and recording devices at its Brooklyn offices, removing or packing away supplies bearing the name ACORN and handing out photos of Fox News staff with a stern warning not to talk to the media, the sources said.

But, here is the greatest part of the article:

“Now there’s no texting in the office, no phone calls in the office. They tell us to take our phone calls out into the waiting room where there’s an intercom, and then they turn on the intercom to hear our conversations. They’re installing new cameras and speakers around the building so they can hear everything. 

“It’s almost like working at Fort Knox.”

I thought these lefties hated this kind of "big brother" activity?  Maybe they are so scared of being uncovered, they will disregard civil liberties and right to privacy.


They must be pretty scared:

NYCC is also monitoring its staff’s behavior, cracking down on phone use and socialization. Officials have ordered all papers -- even scraps -- to be shredded every night, the source said.

“And all the supplies—everything around the office that said ‘ACORN’ -- is now all in storage until this blows over,” the source said. “People literally have to cover up the cameras on the back of their cellphones in the office.”

Oh, and what is it they are scared of being accused of?  Is it their association with ACORN or the fact they are paying people to protest at OWS?

FoxNews.com’s report identified NYCC as a key organizing force behind the Occupy Wall Street protests. Sources within the group also told FoxNews.com NYCC was hiring people to carry signs and join the protests. NYCC -- a nonprofit organization run almost entirely by former ACORN officials and employees --did not reply for comment prior to the publication of the initial article, but later posted a statement on its website dismissing the article and denying that it pays protesters.

Finally, a straight answer from San Fran Nan....

No ambiguity here....

Yeah, the OWS crowd & the Tea Partier's are the same... NOT!

The leftist "Occupy Wall Street" crowd:



vs. Glenn Beck Rally:



Again:



or even Obama's inauguration:



Again, Tea Party:



OWS (Atlanta):

WHOSE SIDE WOULD YOU RATHER BE ON.....?

We can only pray this is true.....

World power swings back to America

The American phoenix is slowly rising again. Within five years or so, the US will be well on its way to self-sufficiency in fuel and energy. Manufacturing will have closed the labour gap with China in a clutch of key industries. The current account might even be in surplus.

By Ambrose Evans-Pritchard, International Business Editor

5:53PM BST 23 Oct 2011

Assumptions that the Great Republic must inevitably spiral into economic and strategic decline - so like the chatter of the late 1980s, when Japan was in vogue - will seem wildly off the mark by then.

The author goes on to explain:

1. The U.S. has already increased it's supply of oil for its own consumption from 50% to 72% in the last 10 years.
• "The implications of this shift are very large for geopolitics, energy security, historical military alliances and economic activity. As US reliance on the Middle East continues to drop, Europe is turning more dependent and will likely become more exposed to rent-seeking behaviour from oligopolistic players," said Mr [Francisco] Blanch [from Bank of America] .
2. According to a recent Boston Consulting Group report: 
• Chinese wage inflation running at 16pc a year for a decade has closed much of the cost gap. China is no longer the "default location" for cheap plants supplying the US
3. The fed has "unintentionally" created inflation in China.
• As Philadelphia Fed chief Sandra Pianalto said last week, US manufacturing is "very competitive" at the current dollar exchange rate. Whether intended or not, the Fed's zero rates and $2.3 trillion printing blitz have brought matters to an abrupt head for China
4. Things are getting worse, not better in the EU.
• The European Central Bank has since made matters worse (for Italy, Spain, Portugal, and France) by keeping rates above those of the US, UK, and Japan. That has been a deliberate policy choice. It let real M1 deposits in Italy contract at a 7pc annual rate over the summer. May it live with the consequences.

The bottom line is, we are likely to succeed where others have failed because when the playing field becomes more level, manufacturing will likely come back the U.S.  States like South Caroline, Alabama and Tennessee will become the lowest cost place to produce products (along with other factors like infrastructure and security).  

Here's to hoping they are right!

How many more food producers will go bankrupt before Washington D.C. realizes its ethanol subsidy is driving companies out of business?

Chicken producer Cagle's files Chapter 11

Atlanta Business Chronicle

Date: Thursday, October 20, 2011, 10:27am EDT

One of Georgia's oldest companies, chicken producer Cagle's Inc.    , has filed for Chapter 11 protection.

The Atlanta-based company (AMEX: CGL-A), which has been in business for more than 60 years, said it will attempt to restructure its debt.

"Over the past few years, the poultry industry has been under severe stress due to historically high corn and soybean meal prices coupled with sagging chicken prices caused by an oversupply of broilers. As a result, Cagle’s has incurred significant operating losses that have depleted its liquidity and working capital position," the company said.

Allen Family Foods,Seeks Bankruptcy Protection
By Dawn McCarty - Jun 9, 2011 1:35 PM ET

Allen Family Foods Inc., a chicken producer based in Seaford,Delaware, filed for bankruptcy protection citing changes in the market for poultry.

The company listed both assets and debt in the range of $50 million to $100 million in Chapter 11 documents filed today in U.S. Bankruptcy Court in Wilmington, Delaware. Affiliates Allen’s Hatchery and JCR Enterprises also sought protection.

“A recent lag in the industry market has forced the company to reposition the business by reducing volume and diversifying its product line,” Vice President of Finance Brian Hildreth said in court papers.

Chicken processing plant files to sell assetsBy MARY PIEPER, Courier Lee News Service
Thursday, April 21, 2011 4:50 am

The owners of a closed chicken processing plant in Charles City have filed a motion in bankruptcy court to sell all its assets free and clear of liens.

Custom Poultry Processing LLC is proposing that an auction to sell its assets take place at 9 a.m. on May 26 in the courtroom for U.S. Bankruptcy Court for the Northern District of Iowa in Cedar Rapids.

Delaware Poultry Producer, Townsend files for bankruptcy

24 Dec 2010

Townsends Poultry in Georgetown, Delaware, USA, files voluntary Chapter 11 Petitions to address challenges in difficult market conditions. Operations will continue.

Townsends, Inc. and four wholly owned subsidiaries announced that they have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code. The company's operations are expected to continue during the bankruptcy process as it explores its strategic alternatives.

Do you suppose ANYONE in Washington D.C. is even noticing the "trend" in food company bankruptcies?

If they are, do you think they are smart enough to connect the dots and realize it might have something to do with them redirecting 40% of the corn grow in the U.S. into ethanol instead of into food?

Do you suppose they ever have to pick up a tab of their own when they go out to eat and realize that the cost of food is going up?

Or, maybe they don't really care, as long as their economic engineering is seen as politically correct?


Maybe, just maybe, they really don't care.  After all, if food gets too expensive, they'll just vote themselves a new cost of living increase.  I mean, we wouldn't want them scraping by on their measly $174,000 (congress) , $193,000 (congressional leadership) or $223,000 (Speaker of the House).