In watching the Sunday talking head shows today, I saw some footage of Mitt Romney saying something foolish at the recent CPAC dinner.  He said that the Stimulus Package passed by Democrats in 2009 “added not one net new job to the American economy”.  Hmm.  I know what he was trying to say.  But what [...]

With all the wailing and gnashing of teeth over the Federal Budget our Dear Leader the Obamanator proposed recently, you occasionally hear the solution mentioned but it is rarely discussed and Congress turns it’s back (for example by voting unanimously to keep entitlements off the table when considering how not to bankrupt the country).  It [...]

As a full time market participant, I have been accustomed to keeping CNBC on next to me all day long.  I don’t any more.  Read this article which suggests that General Electric CEO Jeff Immelt has put pressure on the network to be less critical of President Obama,  I believe he has.  There is much [...]

It is rather rich to hear Pelosi and Hoyer call those who are shouting down their congressional representatives and others at Town Hall meetings Un-American.  Those with by far the worse reputation for shouting down those with whom they disagree tend to be liberals, especially campus liberals.  They do what they can to stop those [...]

As reported here, Barack Obama, the man currently pretending to be the President of the United States of America, said when discussing his insane nationalization of the health care system that will bankrupt the country while simultaneously reducing the quality of care and taking a giant leap toward a country like the one presented in [...]

Antichrist’s Adjutant: Henry Waxman
Dumb as a Rock, but just as dangerous when thrown at your head – 3rd in line for the Presidency, House Speaker Nancy Pelosi

These are two of the most powerful Demunists and Commocrats in Washington, Waxman, Chair of the House Energy Committe, and Nancy Pelosi, Speaker of the House of Representatives.  Waxman [...]

In December the Fed announced that it would target Fed Funds at 0 to 1/4% and it also announced that it would be in the market for agency debt and treasuries, effectively monetizing the debt of the United States.  The dollar, which had been strengthening in the flight to quality as risk positions were eliminated [...]

The ongoing bailout of Chrysler and General Motors cannot be looked at as anything other than a bailout of the UAW.  By some estimates, the American taxpayer will be shelling out $215,000 for every job saved.  The massive waste of time and money surrounding these shenanigans boggles the mind.  Does anyone doubt that these companies [...]

Secretary of Energy Steven Chu, whose pronouncements on energy tend toward the wacky, today said something that actually makes sense.  He called for roofs around the world to be painted white.  This is something that will make a huge difference in ameliorating the heat island effect, and in cooling the planet.  And it is not [...]

In testimony before congress today, Treasury Secretary Geithner let slip what typifies the mindset of ideologues like those in the Obama Administration.  When questioned by some congressperson or other about Chinese currency liberalisation, Geithner proferred that their currency liberalisation had been “substantial”.  The congressperson, unsatisfied with the generalization “substantial” pressed for Geithner to cough up [...]

Demunists and Commocrats are trotting out their talking heads today in response to the Feldstein WSJ editorial that higher taxes will hobble the economy.  I am sick to death of hearing their slobbering response, which assumes that everyone is a craven knothead willing to accept whatever tripe they proffer in their tired missives.
First is the [...]

It is alarming to hear gleeful democrats say that the mistaken policies of the last 30 years are now to be jettisoned.  What policies exactly?  In a nutshell it is the reduction of state participation in the economy.  As the chart below demonstrates, it is hard to view the policies that started with Reagan as [...]

I remember during the campaign watching this youtube movie where the woman gets all excited that Obama is going to pay for her gas and mortgage.  At the time it was a joke and everyone had a good laugh.  Well, it turns out Obama IS going to pay for her mortgage in the event.  And [...]

Apparently it wasn’t enough for Obama Press Secretary Robert Gibbs to lie about the fact that the Homeowner Satbility Initiative the president is proposing does by its terms extend taxpayer help “our neighbors” who bent the system so they could buy a much better house than they could afford, while not helping those of us [...]

UPDATE 05 March 2009: I would add that in light of what seems an unbelievable overextension of their balance sheet by writing hundreds of billions of dollars or more in Credit Default Swap (CDS) contracts they could not even remotely begin to conceive of being able to honor in the event, it would [...]

President Obama has been using the phrase “the tired policies of the past” quite a bit to refer to supply-side conservative economic ideas.  He should be careful.  These words sound like words that could have been uttered by Reagan in 1980 or by Newt Gingrich in 1994.
The tired policies of the past are precisely the [...]

UPDATE:  02/24/2009 – In his semi-annual Humphrey-Hawkins testimony this morning, Fed Chairman “Helicopter” Ben Bernanke weighed in on this issue.  He gave the analogy of your neighbors house on fire because they were smoking in bed.  He said in this case, while you do not condone the bad behavior that led to the fire, you [...]

UPDATE:  4 June 2009 – Freedom House and some other organizations have released a report, Undermining Democracy: 21st Century Authoritarians (pdf) that captures the ideas expressed here so I guess it is now official.
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I have been meaning to write about this for about 5 years, but the installment of the Obama administration with what should [...]

Foreclosure statistics were reported this morning on CNBC and were just dismal.  In California, where things were just absolutely out of hand in 2006 and 2007, with 800 sq. ft. closets selling for $500,000, foreclosures are up 100% compared to last year and 500% compared to the year before.
They had some clown on to comment [...]

In listening to some congressional idiot talk about aid to the auto makers, I was struck by their determination in insisting that this is not a bailout but a bridge loan.  There is a grain of truth in this I suppose.  When the commercial paper markets seized up, financing oprerations would have become very difficult [...]