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, [...]

Unless you live under a rock, you must be aware that the Federal Reserve is now widely expected to engage in a strategy of expanded Quantitative Easing to fend off incipient deflation, or if you believe the Fed’s latest statement, even to get low inflation to be more in line with what the Monetary Policy [...]

A couple of days ago, CNBC put on a town hall meeting with Obama, ostensibly to give him some tough questions from business people, but which was really a puff piece with not one serious question. It was apparently aired just to try to revive the flagging view people have of the “President”. [...]

I just watched Maria Bartiromo interview Jennifer Granholm, the Governor of Michigan. The topic of the interview was the great job Granholm was doing revitalizing the Michigan economy by partnering with automotive green energy companies, specifically those producing the batteries to be used in electric vehicles. After much blabber about access to capital, [...]

We used to take it on faith that an independent Judicial Branch and an independent Fed were important principles forming part of the foundation of trust in American institutions. So it is very disturbing to see the choreographed events taking place this past year in American politics. First we had the President of [...]

Yesterday it was reported that Ken Salazar, the Secretary of the Interior of the United States actually said that he would ask BP to repay the salaries of any workers laid off because of the six month moratorium on deepwater exploratory drilling imposed by the government.  So let me get this straight.  BP cuts some [...]

I always sort of a grimly chuckle when I hear a politician on the tube say something like “Our focus is now entirely on creating jobs.” Politicians may be just about the stupidest creatures on our shared Earth, but they do know one thing. When people feel economically insecure, they tend to [...]

After consigning the American experiment to the ash heap of history by arrogantly and brazenly cramming government control of health care down all of our throats against our will, Mr Obama is really feeling his oats.  Reuters reports of El Presidente:
President Barack Obama dared Republicans on Thursday to try to repeal his newly signed [...]

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 [...]