Obama’s Legacy: $1.03 Trillion in Welfare Spending
In many respects, this country no longer looks like the American Republic that our parents and grandparents experienced. More than ever before, government is destroying private enterprise on the one hand, and offering permanent dependency on the other hand. With all the focus on big bird, binders, and the 47%, the most important figure is the $1.03 trillion – the cost of combined federal and | Read More »
What If The Crazy Man Is Accurate?
The crazy-man speaks. Iranian President Mahmoud Ahmadinejad predictably rails against the E-vil Amerikan Empire. The really bizarre and frightening aspect of this particular harangue is the utter lack of deracination. This time, the Nut-Job can back his assertions with quantitative data. This time the crazy-man may not be so crazy. Ahmadinejad delivers what he hopes to be a japing eulogy below.
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“How long can a government with a $16 trillion foreign debt remain a world power?” he asked at a press conference with Kuwaiti media personnel. “The Americans have injected their paper wealth into the world economy and today the aftermaths and negative effects of their pseudo-wealth have plagued them.”
Obama Lectures Romney On Cargo Cult EconomicsRead More »
What a Facebook Recovery Looks Like Vs. What A Real Recovery Looks Like
To me, the Facebook IPO is a perfect metaphor for the Barack Obama Economy. It has the awesome sales-pitch. Everybody is excited and nobody had better dare talk it down. All the experts touted the cutting-edge science explaining why it was the best idea for the current situation. Then, we’ll let Christina Romer explain bluntly* what exactly happened next.
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Two Faces and The Same “Death By Ideology”
Maybe that Lasik Surgery I had a couple of years ago didn’t quite take. Maybe I just got shot in the face with a laser for nothing. I say that because I’m looking at both Louis Farrakhan and Paul Krugman and swear that the two men could be twins. OK, just kidding. The two men could be ideological twins. In fact, I respect Farrakhan more. At least when he hates your guts for being White and Middle Class, it comes from his heart and isn’t just his day job.
I notice the confluence between these two unlikely figures because each has recently taken to the media to express their despicable hate speech. Farrakhan, I reiterate, extemporaneously speaks his deracinated mind and from his shriveled heart and his iniquitous soul. Krugman, however, writes carefully. He selects his words to reflect the malice towards individuals like myself. He has pickled his views in this hatred the way Korean grocers prepare a jar full of Kim Chi.Read More »
Roosevelt (T) and Jackson are History’s Guide To Solving “Too Big To Fail”
We can statistically quantify “Too Big To Fail” in a number of different ways. George Will of the Washington Post is man familiar with the uses (and perhaps the nefarious uses) of quantitative data. He tells us 5 banks hold assets equal to 60% of the GDP. The top 10 banks hold 61% of all commercial banking assets; they only had 26% 20 years ago.
Will’s basically Conservative bent leads him to not be fond of the Dodd-Frank Act inflicted upon American Industry by the current Obama Regime. I certainly agree and sympathize with this point of view. However, not liking Dodd-Frank is one thing, getting rid of it and the systematic problems that made its overreach tenable is a taller order than merely quantified complaining. To actually dismantle the TBTF Empire and the implicit guarantee it enjoys via Dodd-Frank, it may help us to indulge in some Presidential History involving too great men. President Andrew Jackson foresaw and attempted to prevent this problem. President Theodore Roosevelt solved TBTF in some industries other than banking.Read More »
Obama Campaign Confronts Coal Miners With Lies
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With its false attack on mine workers who support Mitt Romney, the Obama regime has increased its reputation as a petty, thin skinned ineptocracy who would resort to political thuggery if they could figure out how to do it.
Barack Obama: Whiner-In-Chief
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Barack Obama has a new ad out letting us all know just how tough the job is and explaining that even though he has accomplished less than nothing it is vital that he be reelected. In the process he accomplishes a new first in the category of presidents.
Obama And The Triumph Of Cargo Cult EconomicsRead More »
From the Washington Post Mail Bag
A writer to the Washington Post complains that Mitt Romney’s frugality is actually a character flaw. As the writer is a Maryland Democrat, that tells you all you need to know about the writer’s tenuous contact with fiscal sanity, but a deeper look indicates that Romney’s example could help the federal government.Read More »
Why Today’s BLS Jobs Numbers Make No Sense
Every month, we try to break down the monthly employment report from the BLS and analyze it in plain English. Today’s report of September employment is so bizarre that it’s hard to comprehend, much less give over. The BLS puts out two surveys: 1)the establishment survey, which shows the growth in non-farm payroll jobs (as well as a breakdown by specific industry), surveys businesses and | Read More »
Obama’s Tax Deduction Lie
Obama thinks the American people are stupid. Throughout the debate, Obama regurgitated his talking points about a balanced solution to the debt crisis. In the process he insulted the intelligence of every voter by intimating that the budget can be balanced by eliminating a few tax credits. No, he didn’t commit to tackling the tens of trillions in unfunded liabilities to Medicare and Social Security. | Read More »
Beating an Empty Chair
We’ve all been critical of Mitt Romney from the beginning of the primary and throughout the general election for his lack of core principles, pale-pastel ideas, flaccid attacks on Obama, and lack of specifics. I have not shied away from pointing out that the Romney convention along with his acceptance speech was a disaster. So what about his debate performance? To paraphrase Michele Obama, this | Read More »
The Potemkin Employment Increase
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Last week the Bureau of Labor Statistics released a disingenuous report claiming that and additionsl 386,000 jobs had been created this year which boosted the Obama regime’s job creation record into positive territory. This report ignores increases population increases and other factors which indicate a fairer judgment is that about 10 million jobs have vanished under the regime.