Pawlenty endorses Romney

    This is according to the Corner. He starts off about how terrible Obama is, then begins his Romney endorsement with this… Alone among the contenders, he possesses the unique qualifications to confront and master our severe economic predicament. His abiding faith in our country’s exceptional historical position as a beacon of freedom will make him the most important leader in a world that depends upon | Read More »

    US plans for Palestine are clear as mud

    The Palestinian strategy is clear – they are going to get some sort of UN recognition and will keep plugging until they get everything they want. If the UN bid for Palestinian statehood should fail this month, Palestinian leadership would work first to gain membership to every UN organization and then resubmit their bid to the Security Council, senior Fatah official Nabil Shaath told the | Read More »

    What sort of bailout does USPS want?

    Through a combination of consumer shifts away from using snail mail and engrained unions/pensions, the USPS is bleeding about $1B/month. They are on the verge of defaulting on an upcoming pension payment. The NY Times takes a peek at the situation, but the second paragraph may send chills up your spine. “Our situation is extremely serious,” the postmaster general, Patrick R. Donahoe, said in an | Read More »

    More “unexpected” bad economic news

    As seems to be the case almost every week, new claims for unemployment benefits were not just higher than last week – they were unexpectedly higher. And in what is also common, the previous week’s higher than expected numbers were nudged even further upwards. Look, if this was normal statistical guesses from whoever these “experts” are, they would guess too high just as often as | Read More »

    Tim Pawlenty calls it quits

    Apparently yesterday’s distant third place finish was enough to tell T-Paw that it wasn’t happening, and is set to announce an end to his bid this morning. It seemed like he was in the wrong place at the wrong time. He had a decent record and seemed like he’d make a good president, but there are so many irons in the fire it’s hard to | Read More »

    More bad news Obama will try to blame on someone else

    The latest consumer confidence numbers are out – they are not just bad, they are absolutely terrible! The Thomson Reuters/University of Michigan preliminary index of consumer sentiment slumped to 54.9 from 63.7 the prior month. The gauge was projected to decline to 62, according to the median forecast in a Bloomberg News survey. This is the lowest figure since May 1980, the last time we | Read More »

    Next up: Bailing out the postal unions

    In case you hadn’t noticed, the US Postal Service was in the news last week. According to the latest reports, they are now losing more than $1B per month. Yes, you read that correctly – they are losing over $1 billion per month. They can whine all they want about the bad economy and more electronic communication costing them business and so on, but please | Read More »

    Get ready for QE3

    Stocks plunged again today until a late rally thanks to a rumor that’s been making the rounds for a few weeks and seems to be gathering steam. U.S. stocks climbed, erasing earlier losses and preventing the longest Dow Jones Industrial Average slump since 1978, as investors speculated the Federal Reserve will start another stimulus program. As usual, Obama and his core of geniuses aren’t willing | Read More »

    Blame today’s market tanking on Obamanomics

    Promoted from diaries. – Moe Lane GDP numbers are out, and they couldn’t be much worse. To sum it up, that supposedly sharp pace in 4Q10 was overstated by 35%, 1Q11′s figure was overstated by a mere 475% (!), and the already low expectations for 2Q11 were 38% higher than reality. The U.S. economy grew less than expected in the second quarter as consumer spending | Read More »

    NHS rationing – a preview of Obamacare?

    Since the idea of Obamacare is to get us closer to the great medical care in places like Cuba and Britain, it’s comforting to know what’s coming when we look at the latest examples of rationing across the pond. Hip and knee replacements only being allowed where patients are in severe pain. Overweight patients will be made to lose weight before being considered for an | Read More »