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 »

    Don’t fall for another short-term debt “solution” trick

    Reuters reported yesterday that Obama and the Democrats may try to push for a budget deal that would kick the can to next spring. President Barack Obama and Senate Democrats are weighing a scaled-back U.S. budget deal that would avert a looming default but force Congress to tackle the politically toxic issue again before the 2012 elections, a Senate Democratic aide told Reuters on Thursday. | Read More »

    Whew! Good thing racist Rick Perry’s push to ban sanctuary cities got killed by Dems

    Certainly a sanctuary city like Houston needs to be able to protect poor hard-working Hispanics who are just here doing jobs Americans won’t do. Here’s a recent example: Here illegally – Check Deported multiple times – Check Allegedly a member of MS-13 – Check Driving drunk (.238) – Check Cocaine in the car – Check Crashing through a barricade at 80 mph and killing a | Read More »

    Feds to stuff IOUs in pension “lockbox”

    And so it begins. The Obama administration will begin to tap federal retiree programs to help fund operations after the government loses its ability Monday to borrow more money from the public, adding urgency to efforts in Washington to fashion a compromise over the debt. Rather than find somewhere to cut spending, Obama and Geithner will start raiding pension funds of federal retirees. No doubt | Read More »

    Europe in even worse shape than was feared

    Just like when we have bad housing data or jobs numbers over here and it’s always called ‘worse than expected’, we have the same situation with the PIGS – well at least the PIG – across the pond, according to Forbes. The European Union says the debt loads of Greece, Ireland and Portugal will be much bigger than previously forecast, adding to fears that international | Read More »

    IRS prepares to go after the Kochs and Rove

    The NY Times is reporting that the IRS is firing a warning shot across the bow of donors to 501(c)(4) groups engaging in political advocacy by sending letters to five unnamed donors saying that their donations might be subject to gift taxes. In addition to reading between the lines as to how Obama and the IRS could manipulate this to Democratic advantage, it’s also interesting | Read More »

    Senate GOP allows judicial confirmation of ex-Planned Parenthood director

    From the diaries by Erick As so often seem to be the case, the GOP doesn’t follow the Democratic playbook when it comes to obstruction. They caved when it came to a vote last week on the nomination of Jack McConnell as a US District Court Judge. He’s only 52 or 53, so we can look forward to decades of his rulings. Among the items | Read More »