Liberals Preach Economic Theories of a Bankrupt Idiot (Keynes)
As the number of jobs lost since the beginning of the recession passes 7 million, obstinate liberal economists such as Paul Krugman continue to push the upside-down theory that the best way to climb out of debt is to keep digging. “We find that a stronger short-term fiscal policy response” — by which they mean a temporary increase in government spending — “is significantly associated | Read More »
Tags: Austrian economics
, fiat currency
, gold standard
, John Maynard Keynes
, Paul Krugman
, Richard Nixon
The Agent Orange of our “green shoots” Economy
One of the central points in Senator Gregg’s op-ed about our debt is his warning about the Chinese government not buying our debt: If the Chinese start to reduce their purchases of our government securities because of our need to borrow increasing amounts of money to finance all the spending that the president has proposed, we will have to start offering higher interest payments to | Read More »
Tags: "Cap and Trade"
, Health Care Reform
, interest rates
, President Obama
, printing money
, The White House
, Treasury bills
, value of the U.S. dollar
Health Care Reform as the Spending Canary in the Mineshaft
From the diaries, by Erick. As the health care industry collectively does a damage assessment of the Pelosi-Kennedy-Obama health care plans to their individual interests, one thing is clear: things have changed radically in the last week: hospitals will be facing cuts of billions from Medicare and Medicaid; big Pharma is facing a certain drug re-importation fight sooner than later, likely during the health care | Read More »
North Korean nuclear test successful?
Well, they’re claiming that it was, and there’s evidence that it happened in the form of an earthquake,so that’s how everyone is betting. Japan is calling for an emergency UNSC meeting; South Korea, dealing simultaneously with this and the suddenly-more-murky suicide of its former President, is doing the same. The White House hasn’t put up the President’s official statement on this yet, but you can | Read More »
Japanese to take more aggressive anti-piratical stance?
Step by step – sometimes almost painfully so – the Japanese are getting themselves back into the game: Japan’s MPs back anti-piracy bill The lower house of Japan’s parliament has approved a bill to allow the country’s naval ships to take a bigger role in fighting pirates off Somalia. The bill will mean the navy can escort non-Japanese ships and use weapons for more than | Read More »
A quick question for the Obama administration on the Japanese counter-missile thing.
Let’s say that the Japanese carry through with their promise to try to sweep from the sky any North Korean missile that even looks like it’s going to violate their airspace (yes, I’m paraphrasing, and running the statement through the politeness filter). And let’s also say that they do so. If that happens, can we assume that the missile defense system that they used – | Read More »
Don’t drop your guard, Hillary!
It is terrific that Secretary of State Hillary Clinton is making Asia her first official trip abroad. America is a Pacific nation. And that’s where the future is. Clinton’s decision is strategic. The countries she’s decided to visit (Japan, South Korea, Indonesia, and China) and the order she is visiting them are solid judgments. Now the hard stuffs starts. The first real conversation between President | Read More »
Gramps hooks up with Rosie the Riveter
Veterans Day…Memorial Day…it’s all the Same to me…. I never got a chance to say thank you to my Gramps…so….thanks Gramps……(he’s in the middle)….USS Lexington 1944, Japan Theater.
More Over-the-top Obama Fandom
You’ve got to be kidding me. Perhaps this has already been circulated (if so, I apologize) but it is annoying and disturbing all at once. The Japanese have such a way of dealing with American celebrities like That One… Japanese Pop Group’s Ode to Obama
$15B Military Buildup on Guam
In response to pressure from the Japanese to pull US troops out of Okinawa, the Department of Defense (DoD) has proposed to relocate 8000 US Marines and 9000 dependents from Okinawa to Guam. The minimum cost of the infrastructure to support this Guam Buildup is estimated to be between $10-15B, some $3B of which is expected to come from a loan from the Government of | Read More »