The Progressives Anti-Scientific Approach to Economics

By: lukematthews (Diary)  |  March 11th at 01:46 PM  | 

We are lectured ad nauseum about how conservatives are anti-science, moralizing crusaders who are unable to use pragmatism to solve social problems.  Then, when a socio-economic problem is addressed applying solid, accepted scientific principles, progressives lose their heads.  Jon Tevlin, an accomplice of the progressive/socialist wing of the Minnesota Democratic Party, is a shining example of this soft-headed, anti-scientific approach.  He posits human beings are | Read More »

The Chevy Volt: Symbol of the Obama Administration

By: lukematthews (Diary)  |  December 6th at 06:47 PM  | 

Nothing exemplifies the history and accomplishments of the Obama administration like the Chevy Volt.  The Chevy Volt was an experimental electric car that was supposed to bring our nation into the future.  The Obama administration was an experiment that would change our economy from a capitalist, free market economy, into a centralized command and control economy planned by the brightest and the best.  The Chevy | Read More »

The Artificial Invention of American Class

By: lukematthews (Diary)  |  November 27th at 03:02 PM  | 

The current bugaboo invented by the progressive/socialist Left, is on the subject of economic class in this country.  They are ginning up a kind of class envy that is supposed to divide us by income and/or wealth.  Several problems arise with this tactic.  There is no economic class in this country because there is just too much socio-economic mobility.  This subject divides people into distinctions | Read More »

Pull Down Your Dress, Your Partisanship is Showing

By: lukematthews (Diary)  |  April 5th at 02:11 PM  | 

In a way, these people are just so ham-handed as to be hilarious.  On the other hand, they are the people shaping the belief system of so many Americans.  The most recent job report has the Democratic Party-run media salivating and jumping for joy.  They are absolutely convinced the latest economic news is fantastic for The Party.  They are ready, willing, and able to bend | Read More »

The Chilling Effect

By: lukematthews (Diary)  |  September 9th at 09:41 PM  | 

There has been a great deal of bantering back and forth about the effect Obamanomics is having on the economy.  The Left has argued there have been 30 trillion jobs saved or created and Nancy Pelosi believed over 500 millions jobs a month were disappearing.  Not-withstanding their nonsense, it is important to have a good, solid argument for this being Obama’s recession, completely without reservations.  | Read More »

Rats!!; The Obama Regime Musical

By: lukematthews (Diary)  |  August 8th at 11:54 AM  | 

The reliably left wing website, The Hill, has a stunning apologist piece trying to bend the narrative to the Dear Leader’s advantage.  The exiting of Christina Romer, coming so closely on the heels of Peter Orszag, has befuddled the Washington insiders.  They are trying their best to make the failed policies of this president seem like the Battle of the Bulge.  The evil, vile Republicans and | Read More »

Okun’s Law; or Romer Reveals Obamanomic’s Lies

By: lukematthews (Diary)  |  July 21st at 08:50 PM  | 

We often forget that economics is a social science and not a hard science.  Sometimes it’s easy for us to think these economic ‘theories’ or ‘laws’ are immutable as the number of protons and electrons in an atom of iron.  But, they do a pretty decent job of studying the past, quantifying the numbers and coming up with a viable theory that can predict future | Read More »

Borrowing from Petra to Pay Paolo

By: lukematthews (Diary)  |  May 15th at 11:16 AM  | 

This past weekend, the Keynesian meddlers were all pleased with themselves.  They were quite excited by the package of loan guarantees they’d put together in order to ‘save’ the PIGS [Portugal, Ireland or Italy, Greece, and Spain] from their unbelievable careen toward fiscal disaster.  Not to be left out, crypto-socialist American president was reported to have helped strong-arm the fiscally sane in Europe to help | Read More »