VOLUNTEERS NEEDED TOMORROW MORNING… PRESIDENT OBAMA’S COMING TO RICHMOND! * * * * * * * * * * * * * * * * * RALLY AT UNIVERSITY OF RICHMOND Friday, September 9th 10:00 a.m. Meet at Parking Lot Directly Across Robins Center Campus Drive, Richmond, VA 23173 LET’S MAKE SURE PRESIDENT OBAMA KNOWS [...]
Props to WilliamBanzai7.
I'm sick of all the failed interventions, regulations, stimulus plans, bailouts, off-balance sheet hidden losses, Too-Big-To-Fails, politically-chosen winners and losers, save-me-from-myself Nanny State crapola. Whatever else it is, you can rest assured Obama's coming "jobs" program will be some FDR-like nightmare of make-work unproductive government jobs, with "employees" paid with borrowed Chinese money and/or newly-clicked [...]
From Bloomberg: S&P Cuts U.S. Rating for First Time on Deficit Reduction Pact The U.S. had its AAA credit rating downgraded for the first time by Standard & Poor’s, which slammed the nation’s political process and said lawmakers failed to cut spending enough to reduce record deficits. “The downgrade reflects our opinion that the fiscal [...]
And the obvious next question: How far does this have to go before your friends will believe what's really happening? http://www.youtube.com/watch?v=cgWCAhytQuA&feature=player_embedded
From Accounting Today: A bipartisan group of senators that has been meeting on and off for months to hammer out a budget deficit reduction plan appears to have reunited and gained support on both sides of the aisle for a plan to reduce the budget deficit by $3.7 trillion over 10 years. “The good news [...]
I wish I could write like this, but alas..."Edge of the Spending New Frontier" Here's a teaser: ...it is the utopians and their economic policies who have forced their own moment to its crisis. Had Obama not won, they would have been able to comfortably sit back and blame Bush era policies for the mess. [...]
Props to Legal Insurrection for the post: "The only way for Obama to stimulate the enormous private sector job growth needed to ensure Obama’s reelection is for Obama to announce he is not running for reelection, which would unleash a wave of investment and economic activity not seen since the Great Depression."
What arrogance; what ego. As a recruiting tool for Tea Party-minded folks, he's too good to be true. Your fence-sitting friends need to see this.
The sight of President Obama and General Electric CEO Jeffrey Immelt laughing at the lack of “shovel ready” jobs wasn’t the only outrage produced by the recent meeting of the President's Jobs and Competitiveness Council. The council's recommendations are also producing outrage. In a Boston Globe op-ed, “Whirling Economics,” former Republican Senator John Sununu (New Hampshire) [...]
T-Bill rates now negative, general collateral at 1 (ONE!) basis point (=0.01% interest). Negative interest rates mean that you are willing to pay someone to hold your money on the belief that you will get your money back less a storage fee. Capital is going into hiding at a frenetic pace. Negative short term rates [...]
...because a society doesn't need to produce, it only needs to consume! Full article at link. After a weekend full of empty (or not) Chinese posturing, Marketwatch's Brent Arends has an interesting tidbit to add to the China vs US debate. "The International Monetary Fund has just dropped a bombshell, and nobody noticed. For the [...]
