Archive for the 'Economy' Category

Obama plays with other people’s money

Obama may have forgotten that a fund manager isn’t some self-aggrandizing plutocrat, but the fund managers haven’t:
During the aborted attempt to save Chrysler from bankruptcy, Obama oversaw billions of dollars loaned out to the struggling automaker — and then saw those “loans” forgiven and converted into outright gifts.
Obama’s plan was thwarted  when some of Chrysler’s [...]

A disorganized thinker in charge of reorganization

Politico writer Lisa Lerer unabashedly characterizes Elizabeth Warren, the gal Congress appointed to oversee trillions in financial rescue funds, as “brilliant.”  Lerer therefore appears genuinely perplexed that Warren is “the scourge of conservative Republicans, who question her panel’s exploration of more-liberal approaches such as nationalization and bank liquidation.”  At a policy level, I’d almost certainly [...]

On the Bonus Furor

Forgive me, but I’ve become calloused on the subject of politicians expressing outrage. I think if they’re truly outraged about something, they stop it if they can, and if they can’t then they move on to the next thing without uttering a peep.
I’m not taking this one bit seriously. Not at face value, anyway:
The Obama [...]

Update: John Stossel on the Bailout

I will defer my comments to Mark Twain who said, “Sometimes I wonder whether the world is being run by smart people who are putting us on or by imbeciles who really mean it.”
(Discuss at The Absurd Report)

Sphere: Related Content

Exhausting Rush Limbaugh as an Attention Getter

You know what they say about sausage and the law — never watch either one being made.
On ABC’s “This Week,” White House economic adviser Larry Summers said the president had proposed a “strategic budget” that “will let us have a sound economic expansion” through a combination of “substantial cuts” and new spending on education, health, [...]

An Economy Stuck On Stupid..

The information in this post is from late August of last year. In other words, before the election. However, the issue is still being hotly debated, so this may be even more germane than it was back then.
The question concerns who should be defined as “rich”. Our President says any couple making $250,000.00 or more [...]

Pres. Obama Promises Moon, Stars, Pie In The Sky — Ain’t Gonna Happen Folks!

Well, last night ol’ Pres Barry ‘O’ got up and gave his first speech to the assembled federal guvm’t, ya know, the Congress, Joint Chiefs, SCOTUS, et all — plus a full gallery of slobbering sycophants and “special” camera-op folks. It was quite a show, I’ll grant him that. Is there anyone better on a [...]

Obama…Wading In It Hip Deep

 
I just got through listening to President Obama’s speech to Congress - essentially a State Of The Union speech way before it was due.Nancy Pelosi obviously got freshly botoxed for the evening and looks like she just took a xanax or two, while Biden looks surprised and gratified to be up on the dais with [...]

Why The Rush To Vote On Spending Bill?

Barack Obama said it was dire and we would have a catastrophe if it was not completed. The Democrats said it had to be done. They were so hasty, looking out for you of course, that they broke their promises to post it on the web (5 days from Obama and 48 hours from Congress) [...]

Lukewarm Reception

It amounted to a do-over for tax-cheat and guy-who-runs-the-I.R.S. Timothy Geithner.
For Treasury Secretary Timothy F. Geithner as much as for the troubled government program to bail out the financial system, Tuesday amounted to a do-over.
Initial reviews for the man and his plan were not good, however. Stock markets slid through the day, perhaps spurred downward [...]