New York Times columnist Paul Krugman has been whining for well over a year that the $787 billion Porkulus (which was rescored by the CBO to $862 billion; plus, neither of these figures factors in the accrued interest for this spending since it’s all borrowed money, so the total will be higher) wasn’t large enough to have fixed America’s economic problems. He did again yesterday | Read More »
Mr. Bernstein from Citizen Kane: Well, it’s no trick to make a lot of money… if what you want to do is make a lot of money. It’s also no trick to win a political campaign…if what you want to do is win a political campaign. But once that’s won, the winner actually has to do something; in the case of Barack Obama, he was | Read More »
Omigod!!! Gee, why hasn’t anyone thought of that before?!? I mean other than all those times the Bush administration wanted to reform these money toilets? All I can say is, “DUH!!!” Rep. Barney Frank (D-MA) wants a single agency to replace Fannie Mae and Freddie Mac to handle the flushing of the financial system further into the crapper. Of course, this isn’t reform. What Frank | Read More »
The Obama administration has decided to double-down on its class warfare and populist schtick in the wake of the loss of the Democratic filibuster-proof majority in the Senate with the win of Senator-elect Scott Brown. Teh Won has called on Congress to pass a 10-year tax on banks that received TARP money, even if the money, plus interest, was paid back; the cost to the | Read More »
During his less-than-stellar press conference last night, President Barack Obama touched on the announcement of Tax-Evader-In-Chief Treasury Secretary Tim Geithner’s plans to get the American financial and credit systems back on track: And so tomorrow my Treasury Secretary, Tim Geithner, will be announcing some very clear and specific plans for how we are going to start loosening up credit once again. And that means having | Read More »
BOHICA – Bend over, here it comes again. As everyone knows, the Senate worked late last night to line up a "deal" on the Porkulus bill between three Republicans (Collins and Snowe of Maine, and Specter of Pennsylvania) and representatives of the remaining 56 Democrats and 2 Independents (Lieberman of Connecticut and Sanders of Vermont). Based on what I saw, the other 38 Republicans don’t | Read More »
![[RS]](/t/img/logo-footer.jpg){kind=logo}