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economics

Enough Already – Stop Cap-And-Trade

June 28, 2009

“Whenever any form of government becomes destructive of these ends – life, liberty, and the pursuit of happiness, it is the right of the people to alter or abolish it, and to institute new government.” – Thomas Jefferson
Allow me to construct a hypothetical set of circumstances. Let's say our country was in the midst of [...]

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Friday At The Freakshow

June 19, 2009

We have another Obama nominee who didn't pay taxes (notify the CDC. This is becoming an epidemic):
President Obama’s choice as chief of protocol for the State Department, a position that carries the status of an ambassadorship, did not file tax returns for 2005 and 2006, errors she corrected last November. The nominee, Capricia Penavic Marshall, [...]

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Stimulating Conversation

June 9, 2009

"One hundred days ago, in the midst of the worst economic crisis in half a century, we passed the most sweeping economic recovery act in history. One hundred days later, we are already seeing results. In these last few months, the American Recovery and Reinvestment Act has saved or created nearly 150,000 jobs." President [...]

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The New American Economic Model

June 7, 2009

In the last nine months, we have learned a great deal about how "free market" economics in America really works. With all the bailouts of financial institutions (TARP), automobile companies (TARP), and federal/state/local governments (Stimulus package), it has become clear that our economic model is – profits are privatized (paid to investors), and losses are [...]

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Helping The Little Guy ?

May 20, 2009

The Democratic party represents the little guy. Republicans only care about the rich.
I've been hearing this my entire life. I even believed it when I was very young, before I knew any better.
Let's examine how Barack Obama is helping the little guy.
- One of his first acts as President was to raise [...]

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Where Is The Real Barack Obama ?

May 15, 2009

An Obama clone or impersonator held a townhall meeting in Albuquerque, New Mexico a couple days ago and pretended to be the actual President Of The United States. The man was clearly an impostor, because listen to what he said. From Bloomberg News:
President Barack Obama, calling current deficit spending “unsustainable,” warned of skyrocketing interest rates [...]

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Obama Admin Admits Entitlement Crisis

May 14, 2009

In my last post, I touched on the problem of our huge unfunded entitlement liabilities, primarily Social Security and Medicare. Yesterday, the Obama administration admitted the problem exists. Yippee ! This may not seem like such a big step forward, but it is. Remember, for years the Democrats in Congress denied there was any problem [...]

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Worse Than Enron, Worse Than Madoff

May 12, 2009

At the end of each fiscal year, the Treasury Department issues a financial report. The last such report was the 2008 Financial Report Of the United States Government. There is a link to the Citizens Guide version of the report here.
The stated 2008 deficit under President Bush was $454.8 billion. That was the largest budget [...]

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If You Can't Dazzle 'Em With Brilliance…

May 9, 2009

Baffle 'em with you-know-what.
If Washington D.C. has a credo, that must surely be it. The media isn't far behind.
But before I get into that, I'd like to take a moment to thank President Obama for saving us all from last week's swine flu pandemic (worldwide epidemic). Just think, if Bush was still the President, [...]

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Obama 100-Day Fact Check

May 3, 2009

Following are some of President Obama's more dubious pronouncements from his 100-day news conference.
OBAMA: "We began by passing a Recovery Act that has already saved or created over 150,000 jobs."
FACTS: Over 1.2 million jobs have been lost since the beginning of Obama's presidency, according to the Bureau of Labor Statistics. In March, 2009, 663,000 [...]

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Review: Mortgage Meltdown Video

April 27, 2009

The standard Democratic version of what caused the financial crisis is – a lack of regulation from the Bush administration, you know, all those "failed policies." That's a convenient story for the Democrats, but let's briefly review again what happened with Fannie Mae and Freddie Mac, who together bundle and securitize 60% of the mortgage [...]

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Tea Parties Across America

April 16, 2009

Very impressive. Cleveland had an estimated 1,500 (according to WKYC) at it's tax day Tea Party. The Associated Press said "tens of thousands" attended the Tea Parties across the country. The actual attendance figure has to be in the hundreds of thousands, because there were upwards of 800 Tea Party events held, though I have [...]

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