headermask image

header image

category archive listing Category Archives: Meltdown!!

What Is Different?

Power Line – Unemployment in the Great Recession Looking at this chart, what occurs to me is the difference between the current recession and the one of 1981. Look at the 1981 recovery and ask yourself, “what did they do then that resulted in such a strong recovery”, and is what we are doing now [...]

What He Said.

RealClearMarkets – A Federal Budget That Insults All Budgets The government has no resources. Everything it spends was created by private individuals and still belongs to taxpayers. All government can do is take from the industrious, the inventive, the hard-working and the frugal to dispense on the inefficient, the lazy, or the irresponsible. Government spending [...]

What the Hell Is That?

FT.com / Europe – Portugal near political crisis over debt The centre-right Socialists were re-elected to a second four-year term in September, but lost their overall majority in parliament. Maybe it is just a reflection that Portugal is so far the the left that anything that is not flat out Communist considered “right”?

In Wake Of Tax Vote; Chicago Shopping For Oregon Jobs.

Why Chicago Loves Portland For virtuous tax competition, we usually think of Hong Kong. But who would have thought of Chicago as a lower-tax refuge? The bright idea comes from Chicago Mayor Richard Daley, who is looking to lure employers from Oregon after that state’s voters approved a huge tax increase last week. The tax [...]

Heck’ava Job Obama.

Obama unveils 2011 budget with $3.83T in spending US deficit to hit record 1.56 trillion dollars in 2010 TaxProf Blog: President Obama’s Budget Contains $1.9 Trillion in Tax Increases US consumer spending is weaker than expected in December Construction spending drops sharply in December US economic rescue failing to meet key goals:auditor Conclusion: We Are [...]

Hmmm. This May Explain Why The Stock Market Is So Crappy Right Now.

Strategies – How Political Leanings Can Affect Investing – NYTimes.com YOU’RE likely to feel more confident about the economy when your political party is in power. That’s no surprise. But a new study has found that your feelings probably affect the way you invest your stock portfolio. The study, which has been circulating in academic [...]

How Government Caused The Mortgage Crisis – Moral Hazard

The Only Surprise Here Is That The AP Analyzed And Reported It.

STIMULUS WATCH: Unemployment unchanged by projects – Yahoo! News WASHINGTON – A federal spending surge of more than $20 billion for roads and bridges in President Barack Obama’s first stimulus has had no effect on local unemployment rates, raising questions about his argument for billions more to address an “urgent need to accelerate job growth.”

“Clueless” Describes Our Entire Intelligence Apparatus.

RealClearPolitics – Video – Napolitano Most Surprised By “Determination Of al-Qaeda” Question: What was the most shocking, stunning thing that you found out of the review? And, Secretary, to you, as well.SECRETARY NAPOLITANO: I think, following up on that, not just the determination of al Qaeda and al Qaeda Arabian Peninsula, but the tactic of [...]

Glad To See That Some Economists Agree With Me.

Why Government Spending Does Not Stimulate Economic Growth: Answering the Critics Why Government Spending Does Not End Recessions Moving forward, the important question is why government spending fails to end recessions. Spending-stimulus advocates claim that Congress can “inject” new money into the economy, increasing demand and therefore production. This raises the obvious question: From where [...]