Talking Down The Economy
Bradley Schiller calls shenanigans on the Obama Administration’s efforts to compare the current economic downturn to the Great Depression. And he brings in the factoids to back up his argument. I have written this before, but it bears repeating: In December, 2000, George W. Bush accurately warned that the country was entering a recession. He was right, but he got attacked because he wasn’t Mr. | Read More »
Obama Is Wrong. Radical Tax Cutting IS The Answer.
Barack Obama has been very consistent about several elements of his storyline. It has three basic parts: First, the financial system just needs a little confidence. Second, the economy just needs a huge dose of spending on left-wing priorities. Third, and key to the point here, tax cuts don’t work. Obama always frames the point about taxes in a political context, something like: “the last | Read More »
A Common Sense Response to Liberal Rants
First off, the notion that healthcare is a right. But what exactly is a right? This term is used in a very broad manner. I think Walter Williams said it best when he said a right is something that applies universally to all so long as it does not put a burden or consequence on anyone else. For example, a persons’ right to speak, does | Read More »
Bond Markets Showing Some Very Strange Action
This post will be brief, as duty calls. You don’t need me to point out the broad carnage in financial markets this morning. It’s going to be a tough day.Margin calls will drive a lot of selling. We may get a brief respite rally after all of the weaker hands get washed out. Time frame for this would be the next several weeks.No news in | Read More »
How Can We Really Stop Another Great Depression?
The Dow has closed about 350 points as I write this, and if the 777 point drop on Monday is “blamed” on the House rejecting the Pelosi Bailout Bill, then we have to blame this drop on the Senate passing their version of a Bailout last night. Fair is fair. When you factor in the Dow gain on Tuesday, the two net drops are close | Read More »
, Barack Obama
, credit markets
, Financial Crisis
, great depression
, House of Representatives
, John McCain
, Wall Street
SOMEBODY GET A TIME MACHINE! JOE BIDEN CORRECTS HISTORY BOOKS ABOUT “PRESIDENT” FDR GOING ON “TELEVISION” ABOUT THE GREAT DEPRESSION IN THE 1920s!
Check out my blog on the Biden gaffe of the week! It continues to astound me that people can actually question Palin’s qualifications and knowledge with a weirdo like Biden out there!Why do the media, SNL and many voters have issues with Sarah Palin’s qualitifications or knowledge when they have a bold example of how stupid humanity can be with Amtrak Joe Biden? Seriously, you | Read More »
McCain/Palin suspend campaign
Due to our economic problems John McCain announced today that he will be suspending his campaign tomorrow morning. Senator McCain will go to Washington tomorrow to meet with leaders of both parties.Not to be out done, Obama came out afterward saying he first went to McCain to do something about he economy but McCain went behind his back and announced he was suspending the campaign. | Read More »