And now Obama says he’s not worried about a double-dip recession. Easy for him to say: For Americans not feeding at the government trough, the first recession never ended. We are witnessing the total failure of academic Keynesian economics, with its heavy emphasis on high taxes and exorbitant government spending. -Michael A. Walsh (NY Post) So Harry Blodget of Business Insider asks what the Democratic | Read More »
“Capitalism is dead in the US . . . The US was not destroyed by the Russians, the Chinese or even the militant Islamists. They did it to themselves . . . The $104 trillion debt is beyond any possible means of repayment. The only way out will be to monetize the debt by hyperinflation . . . I’m now watching the final days from | Read More »
Of the nation’s 600,000 bridges, 12 percent were found to be structurally deficient. This is an almost perfect metaphor for Third World conditions: a money class fleeces the banking system while the very trunk of the national tree is permitted to rot and crash.—Christopher Hitchens, Vanity Fair, Oct 2008. It was still 2008, The Smirking Chimp was in office, and the politically correct believed it | Read More »
Our nation’s organs of propaganda want us to believe that all is now well with the national economy. This would provide comfort to both my wife and I as we attempt to figure out how to retire, pay for our house and put our son through college. Temptation arises to believe a truth that “tastes good.” Regrettably this “truth” can only be arrived at by | Read More »
I’ve just about written this blog before. We learn nothing from history and increasingly become a nation that dies in a state of ill-grace. The chimerical magic of “American Exceptionalism” is not going to deal the American People a “Get Out of Stupid Free Card.” Toyota’s closure of a US facility should serve as a wake-up call. But alas…. Toyota has built itself into an | Read More »
A popular and successful method of tossing out a political opposition has been to yell. “It’s the economy, stupid!” It worked for Scott Brown and it worked for Bill Clinton. It may well work for Mark Rubio in the Florida GOP Primary. My only complaint about applying this elocution to today’s problems would be that it is wrong. “It’s the philosophy, Ladies and Germs.” Until | Read More »
From the diaries by Erick I probably have zero drops of Mayan blood in my veins. I do, however, admire their imaginative take on apocalyptic prophesy. I think they just about got 2012 dead-on. Even absent the bitter hatred accompanying a Presidential Election in our divided states of America, that year will require a little more than just Advil to take the edge off. People | Read More »
Believe it or not, there was actually some good news in yesterday’s meh employment report. Hourly earnings increased by 0.2 percent. Other than that, imagine you were rooting for UT last night – after Colt McCoy went down with the bum shoulder. In other words, you should have known how this was destined to turn out. However, expectations were not well pegged to reality. The | Read More »
Barack Obama, Nancy Pelosi, and Harry Reid all three entered 2009 with a commanding mandate and as much political power as any Democratic Leadership has had since Lyndon Johnson in 1965. Their mandate ordered them to fix the economy and put America back to work. They didn’t want to do that. They wanted to socialize the economy instead. An examination of what is wrong with | Read More »
On Wednesday, the Big Three American automakers converged upon Congress- with their Christmas List of unjust demands. These would be the terms by which they would continue to produce sub-par merchandise, employ large numbers of Democratic Party loyalists and manage a pension and health care system that no one in their right minds would want to take over as part of a bankruptcy receivership. The | Read More »
Let any bad thing befall the United States of America and its people, and you pretty much count on a cheering section to emerge. Yes, Osama Bin Ladin, “Pooty-Poot” and Ahmadinejad all enjoy watching Americans dying in lakes of fire and blood. Also, and much more obnoxiously, so does much of Western Europe. Not that we haven’t ever given up blood and treasure to pull | Read More »
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