From the category archives:

Economy

Jersey Woman Seeks to Embrace New Levels of Fatness

March 18, 2010

First Jersey Shore, now Donna Simpson?  2010 is a bad year for Jersey, but I’m telling you, while Jersey girls have their own unique kind of baggage, they aren’t generally that bad!
Speaking of “baggage,” by now you’ve heard the buzz about Donna Simpson, that 600 lbs. woman who’s aiming to be the world’s fattest woman [...]

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The Spending Limit Amendment

March 7, 2010

Three House Republicans, Mike Pence, Jeb Hensarling, and John Campbell, are proposing a Constitutional amendment which states that Federal spending shall not exceed 20% of the economy unless in times of war, debt repayment or by the will of a 2/3 vote in both houses of Congress.
Known as the Spending Limit Amendment (pdf file), co-author [...]

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NJ Transit: Going Nowhere Fast

March 6, 2010

Governor Chris Christie inherited a huge mess in New Jersey when he took office about six weeks ago.  Since then he’s taken an approach which has dealt with cutting large state expenditures in order to try to deal with the state’s $2.2 billion budget deficit.  His first offensive was against the pension system (which I [...]

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“The Coming Insurrection” in Greece

March 4, 2010

Last week I posted on the violence in Greece due to the first signs of the collapsing of the Bismarckian welfare state, which has been the norm in Europe for a hundred years.  The significance of this and the rest of the PIIGS in Europe is that the trends facing Portugal, Italy, Ireland, Greece and [...]

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New ObamaCare Plan: Lipstick on a Pig

March 2, 2010

The Democrats have lost the health care reform debate:   that much is clear in the polling and by their actions.  However, the Obama-Pelosi-Reid Team are not ready to throw in the towel.  One just has to refer to last Thursday’s “bipartisan” Health Care summit to see that Obama and crew are still trying to [...]

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Will Obama Pivot?

March 2, 2010

Anything could happen in the next eight months until the mid-term elections, but if they were held today, the Democrats would be soundly defeated by the GOP.  This wouldn’t be due to any affection people have to the GOP, but rather the public rejection of the creeping socialism advocated by this administration.  Yet Obama simply [...]

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Excuses, Excuses

March 2, 2010

It looks like the Obama administration is preparing for a bad unemployment report this week, as Obama economic adviser Larry Summers is coming up with excuses, blaming the bad weather of February’s blizzards for increased unemployment.  This several days before the report is to come out, so the administration must be preparing for some real [...]

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Brighton (UK) Tea Party Update

March 1, 2010

Well, keep in mind that they’re British and they do mean well.  Saturday’s Brighton Tea Party managed to attract around 300 people (some having to be turned away due to room occupancy issues) in what turns out to be a very “Green” (read: “Red”) locale.  As Daniel Hannan said on his blog:
“If you can run [...]

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A New Greek Oracle

February 28, 2010

The ancient Oracle of Delphi used to be a spot where ancient Greeks would go to breathe in various toxic fumes and listen to Pythia tell them about possible futures in cryptic phrases and symbols.  Well, millennia later, the Greeks still have some prophesying to do — this time on the eventual collapse of what [...]

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Tea Time for the UK!

February 26, 2010

British patriot Daniel Hannan, the hands-down best member of the EU Parliament, is speaking at a UK-style Tea Party in his home town of Brighton tomorrow!  Hannan rejects that the “Taxed Enough Already” concept over here in the States is unique to the Red White and Blue — he notes a sparse history of the [...]

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Credit Default Swaps on Treasuries Becoming Hot Commodity

February 23, 2010

Credit Default Swaps on U.S. Treasuries are rising in price and becoming a hot commodity.  Credit default swaps are essentially insurance against default.  They are typically purchased against other countries’ debt, not the debt of the United States.  Investors are getting nervous about the unsustainable $14 trillion debt and $1.9 trillion annual deficits, and are [...]

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The Obama Administration Exploring the Nationalization of 401ks

February 22, 2010

We all know that the Obama administration and the Democrats in Congress are spending this country to insolvency.  With the record deficit of the last year, the increase in programs in this year’s whopping $3.9 trillion budget, and the lack of growth in the private sector to produce revenues, the government is going deeper and [...]

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More Unexpected News: Inflation Rising Faster than Expected

February 18, 2010

In addition to the news on the ‘unexpected’ rise in new jobless claims, more economic news was released today regarding inflation, with producer prices rising at a rate of 1.4%.  Analysts were surprised.  However, it makes sense that when a government gets more and more involved in the economy, pumping trillions in through debt spending, [...]

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Jobless Claims Rise Unexpectedly, As Expected

February 18, 2010

First time jobless claims were up 31,000, to a seasonally-adjusted 473,000.  As expected, this rise was “unexpected.”  I have yet to see any economic report where the analyst’s expectations were met.   Rush is right on this.  If they are so often wrong, and results are always “unexpected”, why bother expecting anything in the first [...]

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Deficit for FY-2010 Clocks in at $430.69 Billion

February 17, 2010

The Federal Deficit has clocked in at $430.69 billion through the first four months of FY-2010 (the federal fiscal year starts in October).  If the deficit continues on this pace, it will clock in at $1.29 trillion, although it is expected to clock in even higher at $1.59 trillion (I guess the government is going [...]

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Rush Likes NJ Governor Chris Christie

February 17, 2010

I don’t always get a chance to listen to Rush, but last Friday Rush said the following:
Chris Christie, New Jersey governor, has frozen spending. The state’s budget is in shambles. He has sliced into the school surpluses, the New Jersey transit subsidies. The Democrats are furious. They’re furious because he’s doing exactly what he promised [...]

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The Porkulus Bill – One Year Later

February 17, 2010

The stimulus Porkulus Bill is one year old today.  It was signed into law by President Obama on February 17, 2009, with many promises:

The porkulus promised to “create or save” 3.5 million jobs.  Since February 17, 2009, we’ve lost 2.4 million jobs.
The administration promised that, with the porkulus, unemployment would cap out at 8%.  Unemployment [...]

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Coming Soon: “Generation Zero”

February 16, 2010

The conservative group Citizens United previewed a new documentary film for the Tea Party Convention in Nashville a few weeks ago called Generation Zero.  This documentary seeks to explain our current national mess by pointing the finger squarely at the way society and culture has been shaped by the narcissistic Boom Generation.
This is what I [...]

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Phil Jones — No Significant Global Warming Since 1995

February 15, 2010

The UK Daily Mail has published this article focusing on hacked ClimateGate scientist Phil Jones’ admission that there has NOT been any statistically significant global warming since 1995!  Ouch — that’s 15 years!
Think 1995 for a second:  Newt and crew take over Congress for the first time;  Jacques Chirac becomes President of France;  the Oklahoma [...]

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Obama Says that Americans are Tired of Him

February 13, 2010

Well, no, not really.  In actuality, he says that people are tired of politicians who “talk the talk but won’t walk the walk of fiscal responsibility”:

This is newspeak at its finest.  I am starting to question the sanity of this man.  Is he really that delusional to think that he can say those words when [...]

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Reid Tries to Get Bi-Partisan Support for Stimulus-II

February 11, 2010

Harry Reid has pared back the stimulus-II a.k.a. jobs bill in an attempt to win some GOP support.  He has reduced the stimulus to only include:

Spend more on highway and transit programs
Exempt employers from paying the payroll tax if they hire new employees
Capital investment tax breaks for businesses
Increase bond offerings to states, cities, and towns [...]

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Previously “Temporary” Measures Made Part of Obama’s Baseline Budget

February 11, 2010

It appears that Obama is using a bit of budgetary sleight-of-hand to help contribute to the record deficit found in his 2011 budget proposal by taking some of the “temporary” measures of the Porkulus bill and making them part of the budget baseline (as predicted here).  Seems that Ronald Reagan was right when he said [...]

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State of the Housing Crisis

February 11, 2010

Although most people look at the current economic crisis as a financial crisis on Wall Street, the truth of the matter is that the crisis stemmed from an over-inflated housing market that became over-inflated due to government policy.  As we are looking to find signs of a recovery, we should look towards the real estate [...]

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“Green Police” Commercial

February 8, 2010

Audi paid the big bucks for this commercial in last night’s Super Bowl in order to promote their “green” cars:

To most it’s just Super Bowl silly, but I couldn’t help but think about a particular Liberal friend whose hyperactive about everything green.  I’m pretty sure that’s his perfect little Eco-Nazi world!
Personally, while a few were [...]

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Is There a VAT in our Future?

February 8, 2010

Shawn Tully of Fortune Magazine seems to think so.  In fact, he predicts that a value added tax (VAT) is the only practical solution to the exploding of deficit spending that is part of Obama’s mammoth $3.9 trillion budget.  Tully argues that there are really three options to get rid of our deficit:

Economic Growth could [...]

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Obamanomics Makes Bad Keynes Worse

February 6, 2010

British economist John Maynard Keynes had a number of theories that the Left loves because Keynes finds a nice cozy place for big, powerful government in free markets.  Keynes was an advocate of the government taking a huge role in investment, something corporatists everywhere could cheer!  So, while I do not agree with the benefits [...]

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Reagan’s Birthday

February 6, 2010

Ronald Reagan (February 6, 1911 — June 5, 2004) would have turned 99 today.  As a rallying point to both Conservatives and Republicans, Reagan’s legacy continues to grow as the years go by.  Many historians have had to move on from their original “amiable dunce” interpretation of Reagan to grudgingly admit or contemplate the importance [...]

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Balanced Budget Amendment

February 4, 2010

Some members of the GOP in the House are introducing a balanced budget amendment, which would prohibit the federal government from running an annual deficit.  While it doesn’t have a chance in hell, the GOP would be wise to make noise about this, and call Obama and the Democrats to take a stand on it, [...]

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Leaving New Jersey

February 4, 2010

No, I’m staying, but a recent study just found that from 2004-2008 $70 billion did leave the Garden State, while the amount of money donated to non-profit organizations dropped $1.3 billion — that’s partly due to the fact that charitable giving in New Jersey is NOT tax deductible!
Yeah, we suck.  Especially when MTV’s Jersey Shore [...]

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Jobless Claims Up

February 4, 2010

New jobless claims “rose unexpectedly” to 480,000, for the week ending January 30.  Economists are concerned that the bottoming-out of the labor market that they all thought had occurred has simply not occurred.  Unemployment shows no signs of abating, and all the Democrats want to do is spend more.  Their mantra “jobs, jobs, jobs” can [...]

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