Argentina – The Deadbeat Wears Prada
It kind of makes me sick when the deadbeat wears Prada. Such is the case with Argentinean President Cristina Fernandez. Argentina overwhelmingly voted her in as President and she immediately borrowed vast sums of money. This influx of cash jet-fueled an economic bubble which predictably popped. Then the bills came due for all the money she had borrowed during Argentina’s economic boom.
Rather than paying the piper and facing the obdurate, double-plus unfunny task of cleaning up after her socialism party, Fernandez made like a good Marxist and socialized some of the losses from her own economic mismanagement. Anyone dumb enough to buy Argentinean bonds got stiffed like a co-star in an old Harry Reams film. Argentina defaulted on its debt payments and referred to some of the hedge funds which hold the now worthless Argentinean paper as “vulture funds” because they refused to take a haircut and attempted to make Argentina’s government answer for their behavior in court.
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Some GOP House Members Beg Leadership for Ex-Im Bank Extension
Undoubtedly, as we pursue a limited government agenda, we face an arduous task in reducing personal dependency on government. Democrats have successfully created a scheme where almost half the population pays no income taxes, while 40% receive something from the government. Their relentless demagoguery makes it difficult to wean people off welfare and entitlement programs. However, there is a lower hanging fruit in the statist | Read More »
Conservatives Must Throw Omnibus Under the Bus
“Conservatives should not let GOP leaders and Harry Reid pocket their good will on the omnibus under false pretenses that Boehner will remain strong on the extenders package.” There is an important rule – one that runs counter to DC conventional wisdom – that conservatives should heed when considering support for a piece of legislation. No legislation is better than bad legislation. To put that in | Read More »
The Drunk On The Beltway: Two Obama Tricks That Are Going To Clean Boehner’s Clock
From the diaries by Erick Watching House Speaker John Boehner and Senate Republican Leader Mitch McConnell negotiate with Barack Obama is like watching a drunk try to run across the Beltway. Whether it’s ObamaCare, the financial reform bill, the Kagan nomination, the disastrous Lame Duck agenda, the Senate rules battle, the pathetic “continuing resolution deal,” or the current debt limit fight, you know both of them | Read More »
A Kinder, Gentler Republican
Yesterday, I wrote about the silliness of the Democrats and Republicans holding hands and sitting together at the President’s State of the Union Address. Today, I’m reversing course, because it seems evident that the Republicans are intent on being public linguine noodles. They don’t want to use any stern rhetoric lest they be smitten with a media curse or (worse!) associated with That Woman, Sarah | Read More »
I want freshmen on my committee
The American people sent Washington a message on November 2 – NO MORE BUSINESS AS USUAL. The freshman class spent months knocking on doors, holding town halls and going to forums. They may be new to Washington, but they know who they are and why they’re here, and they’re ready to speak for the people who sent them. I want them to be able to | Read More »
What Better Way to Signal the World You “Get It?” – Hire Washington Insiders!
So, expecting to pick up a number of seats by “newbies,” what do GOP leaders in Washington want to ensure? They want “GOP insiders to staff outsiders,” according to Roll Call. Eric Cantor’s staff added, “There’s a lot of important work to get done right out of the gate, so it’s important that newly elected Republicans have access to experienced, competent staff so that they | Read More »