So we are down to Romney and Gingrich.  Great.  Yawn.  Can anyone really see Newt Gingrich as President?  God help us.  Just the name alone should give us pause.  Is Bill Clinton a presidential name?  Yes.  George Bush?  Yep.  Barack Obama?  Not so much.  Newt Gingrich?  I don’t think so.  One might object that one [...]

It is probably not a secret that I am not a fan of Rahm Emanuel or his brother Ezekiel.  Between them they played a strong role in delivering the outrageous Obamacare nonsense a couple of years ago.  Now as a total asshole, Rahm may in fact be just the kind of Mayor Chicago needs to [...]

The saga of MF Global has faded from the headlines a bit, what with the end of the world approaching in 13 months or so, and societal and economic collapse prior to that.  But one big question I have is why have I not heard any talk about either the US DOJ or some States [...]

The common wisdom one hears these days is that we are in a hard spot because economic growth is stalling, but government debt is so high that resort to additional “stimulus” via government expenditure is unpalatable.   This is of course only wisdom to the extent that you believe that government expenditure is inn fact [...]

Romer, who until a year ago was a failed architect of “President” Obummer’s failed economic policies, today wrote a hysterical piece in the New York Times which seeks to conflate image with reality.  In it she states the following:
Mr. Bernanke needs to steal a page from the Volcker playbook. To forcefully tackle the unemployment [...]

Now that our crony-state-capitalist society has devolved to the point where the only people who suffer the ill consequences of bad decisions are the poor saps who are either too stupid or too impoverished to have bought protection from the perma-political class, one wonders when or whether there will be a backlash at some point [...]

As seen on Drudge.  The “President” has put up a new website at http://www.attackwatch.com that presents “the facts” and enlists people to fight “smears” against the “President”.  And it is all done as slick as shiite and presented as if it were some third party group setting it up.  But in fact as the site [...]

So I decided I had to watch “the Speech” tonight, the last great opportunity for Maobama to do something constructive, an opportunity to do something big and impactful like reforming the absurd tax code that costs tens of billions in compliance costs and causes corporations to pursue business abroad rather than at home, or to [...]

Today, Gallup has released a poll showing Rick Perry in the lead with Republicans and right-leaners.  Now it is early yet so many people may not understand that Rick Perry is a populist, a guy who ran Al Gore’s Texas campaign in 1988.   This is a guy who, the week before he announced his candidacy, [...]

Today there are multiple articles out about tax policy and the “President” is out talking about millionaires and billionaires again. This must be part of a coordinated effort to change public opinion in the wake of the Debt Ceiling battle and S&P downgrade. So lets tackle the biggest issue head-on. Maobama insisted [...]

Today the Department of Energy (DOE) in conjunction with the International Energy Agency decided it was going to release 30 Million barrels of oil from the Strategic Petroleum Reserve (SPR) – 1 million Barrels a day for 30 days.  According to the Energy Information Administration (a sub body of the DOE), we use about 18.77 [...]

If it were not so sad it would be funny.  This is one of Dennis Gartman’s favorite sayings.  The reaction to the May Employment Report by those in Washington would be hilarious if it weren’t so serious.  The reaction of those brain-dead in Washington is “We have to craft better policies to get jobs going”.  [...]

It is passing strange that a week or so after the Obama administration declared it would be taking a tough line on speculation and shortly after the Fed was roundly abused for a lackluster performance in its 1st press conference and for not taking any responsibility for the run-up in commodities due to its outrageously [...]

Barney Frank is out again with his legislation that would strip regional Federal Reserve Bank Presidents of their right to vote on monetary policy. In other words they would presumably no longer sit on the Federal Open Market Committee. What a good idea! Then we can have only political appointees beholden to [...]

What I missed in watching this farce was any sense that the Fed is going to fail in achieving the fulfillment of its mandate by virtue of the very policies it is pursuing. It reminds me of the oft-heard proverb that one often meets ones destiny on the road one takes to avoid it, [...]

Today I paid $4.15 to put some gas in the tank of my car. Ben Bernanke refuses to accept that the Fed has anything to do with commodity inflation and refuses to view it as anything other than “transitory” according to remarks on April 5th.  Before putting the lie to such nonsense, it will [...]

I love Wisconsin.  My favorite area is what is known as the Driftless Area, a strip about 30-50 miles wide running from Eau Claire down into Illinois that is free of the drumlins and moraines and erratic detritus of the glaciers that covered the northern states in the last glacial period which ended some 20,000 [...]

I left at 5PM this afternoon to take my daughter to her Tae Kwon Do class near downtown Chicago.  Strangely, there was a police cruiser blocking the entrance to the Kennedy Expressway, the only way to get to downtown Chicago in a reasonable amount of time.  I stopped by his car and asked him what [...]

What do Ben Bernanke and Paul Krugman have in common, aside from the fact that they are both madmen?  They are both professors of economics at Princeton University.  Now I have a cousin who got his PhD in Physics from Princeton.  I hit Princeton on my college tour years ago.  It is a lovely place [...]

While our Dear Leader, our erstwhile American Nero, left for India and Asia spending $200 Million per day on entertaining his Media Mogul friend and mouthpiece, CNBC owner and GE Chairman Jeff Immelt, in order to escape the unpleasantly painful aftermath of his face slapping in the mid-term elections, his putatively independent economic minion, [...]