Archive for the 'Economics' Category

A simple explanation of the crooked accounting in Obama Care

Just wanted to direct your attention to Deroy Murdock’s article about the crooked accounting in Obama Care.  It’s one of the clearest explanations I’ve seen yet of the chicanery that the Democrats are using to try to fool the American people, even as they create plans that will inevitably make the American economy collapse.

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The politics of City budgets in liberal cities *UPDATED*

I’ve noted before that San Francisco (consistent with Democratic-run cities and states everywhere) is terribly cash-strapped.  But politics will always trump practicality.  Exactly one month ago, despite the fact that the school district is pretty much broke, the Board of Education voted, not just to cut education programs quite drastically, but also to put into [...]

Spengler (David Goldman) gets to the core problems with Obama’s economic analyses

There were so many things wrong with Obama’s speech last night, whether because of dumb ideas, lies, vicious attacks against Constitutional guardians, etc., that criticism actually becomes difficult.  It’s kind of like punching Jello, because you just get sucked in.  Nevertheless, it is important to criticize, not just Obama’s untruths, but the fundamental flaws in [...]

Why the President’s proposal regarding student loans is even worse than it first looks

I have to admit that I’ve gotten to the point with President Obama that, whatever he’s for, I’m automatically against in the first instance, at least until I’ve had a chance to check it out.  Take, for example, his recent proposal for a “three-year freeze on discretionary, ‘non-security’ spending.“  My very first reaction was, “What’s [...]

Obama overlooks the obvious when it comes to job creation

The jobs summit is at an end and Obama has given lip service to the private sector.  He doesn’t really mean it, though.  How can he, when he makes statements such as this one:
Mr. Obama said he would entertain “every demonstrably good idea” for creating jobs, but he cautioned that “our resources are limited.”
That is [...]

In SF Bay Area, stimulous creates 7 jobs at a cost of $16,142,857 per job — sort of

The Chronicle was always first in line for the Obama slobber fest, but the bloom is apparently wearing off of that well-drooled upon rose too.  Today, the Chron has a front page story vigorously attack the myriad accounting errors on the administration’s boastful website about its economic chops:
Nine months after President Obama promised that his [...]

More on Obama’s hostile relationship to the military

Jennifer Rubin has two posts this morning, both of which illustrate my point about the dangerous relationship between our CIC and the military he’s supposed to be leading.  In the first, she talks about the insane decision-making process in D.C., which seems to have little to do with either victory or troop safety:
The White House [...]

Just how bad is the economy?

Don Quixote forwarded me an email that perfectly explains just how bad the economy is:
Just how bad IS the economy?
The economy is so bad that I got a pre-declined credit card in the mail.
It’s so bad, I ordered a burger at McDonalds and the kid behind the counter asked, “Can you afford fries and [...]

The uneven economic recovery

There’s talk of the economy recovering, which is a good thing.  Yes, Obama will take credit for it, despite the fact that his massive spending bill has barely touched the economy, but that’s small potatoes.  What matters is that we’re not hovering anymore at the brink of economic collapse.
Still, I observed something interesting the other [...]

Conservatives march on Washington

The nature of conservatism is to be . . . well, conservative.  We don’t throw paint on people.  We don’t burn figures in effigy.  We don’t bite off fingers.  We put our heads down and do our jobs.  So when two million conservatives (and independents) take the time, the energy and the money to converge [...]

Oh, about those jobs saved? It’s not true.

“You may fool all the people some of the time, you can even fool some of the people all of the time, but you cannot fool all of the people all the time.” — Abraham Lincoln
Obama lies, and lies, and lies again. Sometimes he lies directly, and sometimes he lies by having his administration [...]

Mark Steyn distills Obama Care to its natural absurdity

Here’s Mark Steyn on Obama’s “brilliant” plan and American fear:
It’s a good thing he’s the smartest president of all time and the greatest orator since Socrates because otherwise one might easily confuse him with some birdbrained Bush type. But, if we take him at his word, then a trillion-dollar public expenditure that “controls costs” presumably [...]

GOP: Real solutions for a real recovery

Republicans are finally figuring out how to push back:
I like Ed Morrissey’s comment about the video:
Today, Barack Obama once again dishonestly claimed that Porkulus opponents wanted to “do nothing” in the face of the economic collapse, but that’s simply not true — which Obama might have learned had he leaned on Nancy Pelosi to include [...]

Fool me once, shame on you….

In his most recent article at the Wall Street Journal, Karl Rove explains in great detail how Barack Obama told quite obvious lies about the stimulus numbers, only to pretend now that he didn’t really mean what he said.  (That’s the lying pattern I’ve told you about.)  The American people were good and fooled.  The [...]

Joe Biden: the fool speaks the truth

In medieval times, the king’s fool was often the only one who could speak the truth, but that in the guise of a joke.  Joe Biden is a little bit different.  Obama didn’t mean him to be the truth-speaking fool but, apparently, the guy can’t help himself.  AJ Strata caught him on TV today admitting [...]

More common sense out of Marin

I blogged the other day about the fact that three Marin County towns had opted out of an expensive green energy plan — and that the local liberal newspaper applauded them.  News comes today that yet another town has now decided that the pocketbook trumps Algore induced environmental panic:
[Larkspur] City Manager Jean Bonander said the [...]

Reality check

Jennifer Rubin pithily sums up the insanity of the government’s cheerful report on increasingly higher unemployment numbers:
So to be clear: we’re headed for double digit unemployment, the very thing the stimulus bill was supposed to stave off. We didn’t keep unemployment anywhere near 8% as the administration predicted — but we did rack up a whole [...]

This picture is worth 9.3 trillion words

The WaPo, which was/is a major Obama water carrier, has nevertheless put together a striking graph showing exactly what Obama has done and, if not stopped, will do to the American economy.  Read it and send it to all your friends — I did.

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Stand up and cheer!

Work demands notwithstanding, I refuse to be the only conservative blog in America that doesn’t post this video of Daniel Hannan, MEP, savaging Gordon Brown’s economic policies — the same policies that Obama seeks to impose here, only on a larger scale.  If this doesn’t have you standing up in your seat, screaming and cheering, [...]

Be afraid, be very afraid

AJStrata explains why it is so bad that the Obama budget’s deficit will be even bigger than promised.

Obama’s Great Leap Forward *UPDATED*

If you were wondering what Obama and the maniacal Democrats were doing, James Lewis finally puts a name to it.  It’s the Great Leap Forward:
Even the Europeans are resisting hyper-deficits, because Europe always has that memory of the 1920s and 30s: hyperinflation, unemployment, crushing poverty and despair, followed by Hitler and Stalin. They are refusing [...]

Economic collapse and bailout predicted in 2001

I was doing some research for a post I’m planning, and came upon an articled entitled “The optimal design of Ponzi schemes in finite economies” which Utpal Bhattacharya wrote in 2001 and published in 2002.  The summary reads as follows:
As no rational agent would be willing to take part in the last round in [...]

A sinking tide *UPDATED*

(Composed on my iPhone, so forgive the inevitable typos.)
I caught a few minutes of Sean Hannity’s radio show today. In response to a liberal caller who basically claimed that Obama’s economic plans end poverty by fulfilling poor people’s every need, Hannity reminded us all that America is such a wealthy country that even our poor [...]

“Magic negro” engages in magical thinking

You remember when an LA Times opinion column told us that Obama was the “magic negro,” don’t you?  I think Obama took that idea way to seriously, because he’s now engaged in some magical thinking.  He assures us that, despite economic freefall, despite a trillion dollars in added debt, and despite the nationalization of our [...]

Democrats in a nutshell

Mary Katharine Ham caught John Kerry finally admitting what Democrats fear most of all:  that people will take control over their own destinies, without the elite in government dictating how their hard earned money should be spent.  Perhaps if Kerry had ever held a real job and earned the money himself, he might have had [...]