Economy  (Page 14)

Pre-Christmas Climate Change Surprise?

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Posted by  ▪  Saturday, December 5, 2009 at 4:02pm 12/5/2009 at 4:02pm

Barack Obama has changed his plans and now will be attending the last day of the Copenhagen climate change conference, which is viewed as a significant signal that some sort of “deal” may be in the offing:

A couple of hours ago, the Obama administration announced a startling shift in plans: rather...

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From The Department of Obvious Headlines

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Posted by  ▪  Saturday, November 28, 2009 at 8:50pm 11/28/2009 at 8:50pm

Politico is fast replacing The New York Times as my favorite source of screen shots. Of course, nothing yet approaches the NY Times’ Nude Swiss Hikers</...

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Job Killers for Health Care Reform

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Posted by  ▪  Sunday, October 11, 2009 at 9:23am 10/11/2009 at 9:23am

There is one supreme Democratic idiocy in the health care debate which has not received enough attention. The entire focus of the Democratic proposals — whether HR3200, the Senate HELP Committee bill, the Baucus Concepts, or the Obama non-plan — is to increase the cost of private health insurance.

That may sound...

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We Don’t Need No Stinking Doers

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Posted by  ▪  Wednesday, October 7, 2009 at 10:30am 10/7/2009 at 10:30am

A slow awakening of our reality is sinking in on many fronts. One of those realities is that we have moved ever more drastically from a nation led by doers to a nation led by non-doers.

Some formulate this as The Doers vs. The ‘Thinkers’ but I think that gives too much...

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Fiddler-in-Chief

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Posted by  ▪  Monday, October 5, 2009 at 10:58pm 10/5/2009 at 10:58pm

Barack Obama is fiddling on his grand plans to remake the U.S. health care and energy systems, while our economy and our position in the world burn. The most recent evidence of the harm being caused by our fiddler-in-chief is the move internationally to abandon the dollar as the international exchange...

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Brits Want Their Own Tea Party

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Posted by  ▪  Saturday, September 12, 2009 at 9:40pm 9/12/2009 at 9:40pm

A movement is growing in Britain to slash government spending rather than impose tax increases, according to the Sunday Times:

Voters are overwhelmingly in favour of cutting public spending rather than tax rises to close the budget black hole, a Sunday Times/YouGov poll finds today.

Sixty per cent want to shrink the size...

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Cash for Clunkers Driving Up Prices

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Posted by  ▪  Sunday, August 9, 2009 at 4:25pm 8/9/2009 at 4:25pm

The much ballyhooed Cash for Clunkers program has had the unintended consequences of driving up the cost of new and used vehicles and used auto parts, according to independent studies of the auto markets. The Cash for Clunkers program demonstrates the danger of government trying to micro-manage supply and demand, and...

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Loss of Hope Is Good News?

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Posted by  ▪  Friday, August 7, 2009 at 1:40pm 8/7/2009 at 1:40pm

The big economic news of the day is that the unemployment rate dropped one-tenth of one percent. The Obama administration is hailing this as the start of a turnaround and a sign that the stimulus spending is working, something of the end of the beginning or the beginning of the end.

But...

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For Crying Out Loud: “Barack Obama Deficit-Slayer”

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Posted by  ▪  Monday, June 22, 2009 at 12:32pm 6/22/2009 at 12:32pm

Want to laugh out loud? Read “Barack Obama, Deficit-Slayer” by Matthew Yglesias:

As the economy recovers, tax revenues will rise, social safety net outlays will fall, and stimulus measures will begin to tamp down. If we can assume further growth in 2011, the complete expiry of Recovery Act provisions, and the...

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Margaret Thatcher: Free Society Speech (1975)

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Posted by  ▪  Saturday, June 20, 2009 at 8:56am 6/20/2009 at 8:56am


(h/t MAinfo)

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Take a look at Remember “Ahmadinejad Won. Get Over It.” and Iran Election Fraud Truthers Emerge

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The National Debt Road Trip

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Posted by  ▪  Friday, June 12, 2009 at 9:42am 6/12/2009 at 9:42am

Visualizations seem to be multiplying under the Obama administration, because it is so hard to fathom just how fast and far Obama is planning to increase the national debt. Since trillion has become the new billion, it makes sense to visualize that the Obama debt is of a completely different magnitude...

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Nationalize Martin Luther King Jr.

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Posted by  ▪  Wednesday, May 20, 2009 at 10:26am 5/20/2009 at 10:26am

We are in the process of nationalizing and/or federalizing vast stretches of our economy, including the auto industry, banks, and health care. Individual property rights have taken a back seat to political priorities.

I am against this trampling of individual property rights, which are the foundation of our democracy. But if it...

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Welcome to Economic Bizarro Land

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Posted by  ▪  Thursday, May 14, 2009 at 5:03pm 5/14/2009 at 5:03pm
Critics, including me, of Obama’s economic plans have made the point that the unprecedented huge deficits necessary to pay for expanded health insurance coverage, college education guarantees, the present and future “stimulus” plans, infrastructure projects, budget expansion, financing and operational takeovers...
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Relax, The Dems Will Screw Up

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Posted by  ▪  Wednesday, April 29, 2009 at 6:56am 4/29/2009 at 6:56am

It would be very easy to fall into a depression over Arlen Specter switching political parties, giving Democrats a likely filibuster-proof Senate majority. The result will be that Obama will be able to push through much of his agenda without meaningful debate.

Not that I will miss Specter personally. Specter h...

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Feds Threatened BofA Executives To Complete Merrill Deal And Conceal Problems

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Posted by  ▪  Thursday, April 23, 2009 at 8:37pm 4/23/2009 at 8:37pm

A letter from NY Attorney General Andrew Cuomo to (h/t Instapundit via Sec Law Prof Blog) reveals that then Secretary of the Treasury Henry Paulson intervened to prevent Bank of America from backing out of its deal to buy Merrill Lynch when BofA learned of enormous previously undisclosed loses.

Paulson threatened to...

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Do Not Repay This Loan

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Posted by  ▪  Monday, April 20, 2009 at 12:06am 4/20/2009 at 12:06am

The Financial Times reports that banks and other financial institutions which received TARP funds may not be allowed to repay the loans. Yes, that is correct:

Strong banks will be allowed to repay bail-out funds they received from the US government but only if such a move passes a test to determine...

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Yet Another Cheap Attack On Michele Bachmann

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Posted by  ▪  Wednesday, March 25, 2009 at 10:15am 3/25/2009 at 10:15am

Michele Bachmann, the conservative Republican Congressman from Minnesota, has gotten into the heads of the left-wing blogosphere. Yesterday was the completely phony attack on Bachmann’s “armed and dangerous” comment, in which her metaphor for outrage was twisted into a supposed call to arms.

Today brings another twisted attack. Numerous blogs, including Swampland, ...

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