Category Archives: A Growing List Of One Term Presidents
Let Them Eat Credit
By most counts, the U.S. economy started growing in the middle of last year. For many Americans, though, it does not feel as if the Great Recession has ended—unemployment and underemployment are still alarmingly high, and job growth is weak. … Continue reading
Ground Zero Mosque Leader: A Moderate Muslim?
Just as freedom of speech does not include the right to yell “fire” if there isn’t one, Joshua Muravchik argues that neither does freedom of worship afford for the building of whatever, wherever one chooses. Before endorsing the building of … Continue reading
Small business sidelined in slow recovery from recession
In every recession over the last three decades, it has been America’s small businesses — those Lilliputian companies with fewer than 100 employees — that stepped forward, began hiring and pulled the country out of the mire. Not this time. … Continue reading
It’s Just Paper
The paper system being founded on public confidence and having of itself no intrinsic value, is liable to great and sudden fluctuations, thereby rendering property insecure and the wages of labor unsteady and uncertain. The corporations which create the paper … Continue reading
It’s the Constitution, Stupid!
Harking back to the Founders’ principles of constitutional limits to government is a very powerful message. It’s a message of freedom, especially economic freedom. The tea partiers have delivered an extremely accurate diagnostic of what ails America right now: Government … Continue reading
“Of Rats and Sinking Ships”
Larry Summers is reportedly leaving later this year, and Andrew Cockburn reports that Rahm Emanuel, Obama’s acutely verbal Chief of Staff is said to be looking for other employment, preferably a high paying job on Wall Street with little work … Continue reading
Being President isn’t enough?
The Supreme Court being a usually quietly deliberative body, couldn’t exactly hold press conferences after President Obama made unprecedented (and unpresidential) remarks harshly rebuking the High Court in Obama’s last SOTU address. The most we got was a camera shot … Continue reading
How to Stay Awake During Obama Speeches: Play Barack Obama Bingo
1. Before Barrack Obama’s next televised speech, prepare your “ObamaBingo” card by drawing a square. I find that 5″ x 5″ is a good size — and dividing it into columns –five across and five down. That will give you … Continue reading
CONGRESSMAN, CAN YOU HEAR ME NOW?
American citizens have grown increasingly unhappy with our congressional representatives, and polls show they’re getting disenchanted with the Obama administration in larger numbers. Funny, but before the loss of one Democratic Senate seat with Scott Brown’s victory in Massachusetts, voter’s … Continue reading
Does It Make Sense to Resurrect the Glass-Steagall Act?
In the present system, the more unrestricted the banks are, the more money they can generate “out of thin air,” and the more damage they can inflict upon the wealth-generation process. FULL ARTICLE by Frank Shostak
Obama’s “Catholic Plan”
Catholic . . . or not – must see! If you are Catholic, watch it. If not, watch it anyway. I’m sending this video out quickly with the hopes that it will get as far as it can before it … Continue reading
What they knew and when they knew it
“I have to think this train is probably going to leave the station soon and we need to focus our efforts on explaining the story as best we can. There were too many people involved in the deals — too … Continue reading
Mr Obama, you are no FDR
….the rulers of the exchange of mankind’s goods have failed, through their own stubbornness and their own incompetence, have admitted their failure, and abdicated. Practices of the unscrupulous money changers stand indicted in the court of public opinion, rejected by … Continue reading
Sic transit America?
Flagging: a US sailor stands on the flight deck of the aircraft carrier USS George Washington If a week is a long time in politics, a decade is starting to look like an age in geopolitics. Comparing the America that … Continue reading
Obama’s Big Sellout
Barack Obama ran for president as a man of the people, standing up to Wall Street as the global economy melted down in that fateful fall of 2008. He pushed a tax plan to soak the rich, ripped NAFTA for … Continue reading
The Demonic Religion of Abortion
It’s getting more and more obvious. Last week, in two separate incidents, those favoring abortion set forth their goals and services in religious language. During a December 2nd “Stop Pitts” rally in Washington and in new video advertisements for a … Continue reading
Democrat Southern Style Sweeteners
Staffers on Capitol Hill were calling it the Louisiana Purchase. On the eve of Saturday’s showdown in the Senate over health-care reform, Democratic leaders still hadn’t secured the support of Sen. Mary Landrieu (D-La.), one of the 60 votes needed … Continue reading
The Apparatchiks
The Big Government Boss isn’t going away
“Hindsight is a wonderful thing,” said Timothy W. Long, the chief bank examiner for the Office of the Comptroller of the Currency. “At the height of the economic boom, to take an aggressive supervisory approach and tell people to stop … Continue reading
Break for Companies in Bailout’s Fine Print
One of the federal government’s most opaque methods for bailing out the banking system allowed a handful of giant institutions to save up to $25 billion on their borrowing costs, a Congressional panel estimated on Friday. Seven companies received about … Continue reading
Who told Biden?…I know it wasn’t Bernanke
http://www.youtube.com/watch?v=zbPmXAyt8Io&NR=1
Public Trust has Economic Consequences
Public trust has economic consequences, by Howard Davies, Commentary, Project Syndicate: Public trust in financial institutions, and in the authorities that are supposed to regulate them, was an early casualty of the financial crisis. That is hardly surprising, as previously … Continue reading
I guess the government can say anything…and most people believe it!
Washington Post Crashed-and-Burned-and-Smoking Watch: …[The Washington Posts's] Fred Hiatt this morning: Re-Stimulating. Unemployment is bad. More fiscal debt might be worse: At 9.8 percent, the unemployment rate is higher than it has been since it hit 10.1 percent in June … Continue reading
The Truth About Jobs That No One Wants To Tell You
Unemployment will almost certainly in double-digits next year — and may remain there for some time. And for every person who shows up as unemployed in the Bureau of Labor Statistics’ household survey, you can bet there’s another either too … Continue reading
Don’t ask, your guess is as good as mine.
Austerity is stupid, stimulus is dangerous, lying is optimal, economic choices are not scalar Steve Waldman I’ve been on whatever planet I go to when I’m not writing. Don’t ask, your guess is as good as mine. When I checked … Continue reading →