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Obamanomics  (Page 2)

Selling out capitalism in the defense of Romney and Bain

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Posted by  ▪  Tuesday, January 10, 2012 at 8:38am

We don’t know all of the details of how Bain conducted its business under Mitt Romney, but we do know that in at least several instances the conduct was to squeeze out cash while leaving behind a failed company.  In many other instances Bain helped companies to grow.

In a capitalist system,...

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Another Obama Counter-Indicator

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Posted by  ▪  Saturday, December 17, 2011 at 4:00pm

The more Obama pushes class warfare, the more people reject class warfare.  That’s certainly not what I expected.

It’s the counter-indicator effect.  If he’s for it, the opposite will happen.  Perhaps he should announce an Unemployment Plan instead of a Jobs Plan.

It’s another one of those Obama paradoxes, like the Catch-2012.

From Gallup:

Americans...

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American Airlines does what GM and Chrysler should have done

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Posted by  ▪  Tuesday, November 29, 2011 at 8:44am

Obama saved GM and Chrysler, Obama saved GM and Chrysler.  Republicans wanted the companies to die quickly.  That’s pretty much a central Democratic Party talking point this election cycle.

Of course, it’s complete nonsense.  GM and Chrysler were “saved” by Obama with a bailout to preserve the position of auto unions.  The companies...

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It’s all going according to plan

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Posted by  ▪  Friday, November 18, 2011 at 1:15pm

Detroit becomes Central Falls.

Can you say “bailout”?  (h/t reader Thomas)


 
 
 

“It is with regret and unflinching moral certainty …”

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Posted by  ▪  Friday, November 18, 2011 at 10:15am

that Ann Barnhardt issued the following statement (emphasis in original)(h/t reader Charles):

Dear Clients, Industry Colleagues and Friends of Barnhardt Capital Management,

It is with regret and unflinching moral certainty that I announce that Barnhardt Capital Management has ceased operations. After six years of operating as an independent introducing brokerage, and eight years of...

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Not the Chinese century, unless we want it to be

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Posted by  ▪  Tuesday, November 8, 2011 at 1:17pm

I’ve posted before about the Chinese real estate bubble, and what will happen when this bubble bursts.

Rather than worshipping the Chinese economy like Obama does (high speed trains anyone?), we should be recognizing that the Chinese model, like the Soviet model, is artificial and contrived.  There is only so much that...

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Obama “Jobs Bill” Headline of the Day

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Posted by  ▪  Tuesday, October 4, 2011 at 5:30pm

Reid blocks attempt by McConnell to vote on president’s jobs bill

Do you need to know anything else?  If so, the article is here.

 
 
 

Dodd-Frank should have made everything free, including lunch

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Posted by  ▪  Thursday, September 29, 2011 at 6:26pm

The government should have just taken over the banking sector, so we could avoid things like this, The End Of Free Checking?

On Sat., Oct. 1, new regulations from the Dodd-Frank financial overhaul go into effect on debit cards. Specifically, they impose price controls on “interchange fees,” the fees that banks and...

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Sorry Ted, you can’t “talk our President down off of this rhetoric”

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Posted by  ▪  Tuesday, September 27, 2011 at 4:57pm

Self-made millonaire or billionaire, and now most hated person at Firedoglake, Ted Leonsis wants Obama to stop with the class warfare:

Someone needs to talk our President down...

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What’s past is present: “This whole thing is the biggest fairy tale I’ve ever seen.”

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Posted by  ▪  Tuesday, September 20, 2011 at 2:19pm

Figures.

I was on the bus this morning heading back to Ithaca from my Tea Party talk at the Cornell Club in NYC when I spotted on my PDA a post by Ed Morrissey about an AP Fact Check debunking Obama’s claim that secretaries pay higher taxes than millionaires and billionaires.

The millionaires and billionaires...

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Maybe they all will break out in song during Obama’s speech, on a Gibson guitar

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Posted by  ▪  Wednesday, September 7, 2011 at 5:41pm

I wonder if he will get a shout out during the speech:

Henry Juszkiewicz, the CEO of Gibson Guitar, will attend President Obama’s address to Congress on Thursday as a guest of Rep. Marsha Blackburn (R-Tenn.).

Federal agents raided Gibson factories in Tennessee last month as part an investigation into whether its wood...

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“Free the economy”

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Posted by  ▪  Wednesday, August 31, 2011 at 3:57pm

That’s it.

 
 
 

From “the best and the brightest” to “the best of the worst”

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Posted by  ▪  Tuesday, August 30, 2011 at 8:59am

The Kennedy administration has been described as having attracted the best and the brightest to government service, sometimes with bad but well-intentioned results.

I don’t know Alan Krueger, Obama’s new head of the Council of Economic Advisers.  But Ezra Klein claims to know a lot about Krueger, describing him as such:

… Krueger is arguably...

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Two words missing from Ben Bernanke’s 3,500-word statement

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Posted by  ▪  Friday, August 26, 2011 at 2:23pm

Ben Bernanke gave a very lengthy answer to the question “why has the recovery from the crisis been so slow and erratic?,” but Bernanke danced around the obvious:

Why has the recovery from the crisis been so slow and erratic? Historically, recessions have typically sowed the seeds of their own recoveries as reduced spending on investment, housing,...

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Foreplay and America are back, baby!

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Posted by  ▪  Thursday, August 25, 2011 at 2:10pm

A ringing endorsement of Rick Perry from Kinky Friedman, with as many laughs per square inch as any endorsement I have ever seen (emphasis mine):

I have been quoted as saying that when I die, I am to be cremated, and the ashes are to be thrown in...

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An Apple what if

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Posted by  ▪  Thursday, August 25, 2011 at 10:59am

Steve Jobs is stepping down as CEO of Apple, likely for good.

What a lesson Apple holds.  I’ve never bought an Apple computer or “device” (although I did get an iPod as a gift), but I’ll never forget my amazement in law school in the early 1980s when a local computer store had...

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The problem with relying on taxing the rich …

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Posted by  ▪  Monday, August 22, 2011 at 7:00am

… in order to pay for your grand spending plans is that sometimes you run out of rich:

… based on 2009 IRS figures, … the number of taxpayers reporting annual income over $1 million fell 39 percent between 2007 and 2009; the number of super-wealthy individuals making over $10 million annually plunged 55 percent.

The carnage wasn’t confined to millionaires. The number of taxpayers earning over $200,000 per year also decreased by 612,000 – or 13 percent.

Ya didn’t think this through, did ya, geniuses?

Spotted in Ithaca:

 
 
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