Archive for the 'Politics' Category

Musings on the New Emperor

Thursday, July 8th, 2010

We used to take it on faith that an independent Judicial Branch and an independent Fed were important principles forming part of the foundation of trust in American institutions. So it is very disturbing to see the choreographed events taking place this past year in American politics. First we had the President of the United […]

Secretary of the Interior Ken Salazar Should Resign Over BP Comments

Friday, June 11th, 2010

Yesterday it was reported that Ken Salazar, the Secretary of the Interior of the United States actually said that he would ask BP to repay the salaries of any workers laid off because of the six month moratorium on deepwater exploratory drilling imposed by the government.  So let me get this straight.  BP cuts some […]

Jobs! Jobs?

Thursday, May 20th, 2010

I always sort of a grimly chuckle when I hear a politician on the tube say something like “Our focus is now entirely on creating jobs.” Politicians may be just about the stupidest creatures on our shared Earth, but they do know one thing. When people feel economically insecure, they tend to vote against those […]

El Presidente Believes His Own Bullsh*t

Thursday, March 25th, 2010

After consigning the American experiment to the ash heap of history by arrogantly and brazenly cramming government control of health care down all of our throats against our will, Mr Obama is really feeling his oats.  Reuters reports of El Presidente: President Barack Obama dared Republicans on Thursday to try to repeal his newly signed […]

Why Republicans Should Fear Thursdays Health Care Summit

Sunday, February 21st, 2010

In watching the Sunday talking head shows today, I saw some footage of Mitt Romney saying something foolish at the recent CPAC dinner.  He said that the Stimulus Package passed by Democrats in 2009 “added not one net new job to the American economy”.  Hmm.  I know what he was trying to say.  But what […]

Why Does America Ignore the Obvious Problem with Entitlements?

Wednesday, February 17th, 2010

With all the wailing and gnashing of teeth over the Federal Budget our Dear Leader the Obamanator proposed recently, you occasionally hear the solution mentioned but it is rarely discussed and Congress turns it’s back (for example by voting unanimously to keep entitlements off the table when considering how not to bankrupt the country).  It […]

Watch CNBC? Switch to Fox Business Channel Instead

Monday, September 14th, 2009

As a full time market participant, I have been accustomed to keeping CNBC on next to me all day long.  I don’t any more.  Read this article which suggests that General Electric CEO Jeff Immelt has put pressure on the network to be less critical of President Obama,  I believe he has.  There is much […]

Pelosi Calls The Kettle Black, and Un-American To Boot

Wednesday, August 12th, 2009

It is rather rich to hear Pelosi and Hoyer call those who are shouting down their congressional representatives and others at Town Hall meetings Un-American.  Those with by far the worse reputation for shouting down those with whom they disagree tend to be liberals, especially campus liberals.  They do what they can to stop those […]

Obama Says No Free Lunch, Then Gives Out Free Lunch

Thursday, July 16th, 2009

As reported here, Barack Obama, the man currently pretending to be the President of the United States of America, said when discussing his insane nationalization of the health care system that will bankrupt the country while simultaneously reducing the quality of care and taking a giant leap toward a country like the one presented in […]

America, Meet Your Fascist Overlords

Thursday, July 2nd, 2009

Antichrist’s Adjutant: Henry Waxman Dumb as a Rock, but just as dangerous when thrown at your head – 3rd in line for the Presidency, House Speaker Nancy Pelosi These are two of the most powerful Demunists and Commocrats in Washington, Waxman, Chair of the House Energy Committe, and Nancy Pelosi, Speaker of the House of […]

Here We Go Again – Dollar Devaluation

Wednesday, June 10th, 2009

In December the Fed announced that it would target Fed Funds at 0 to 1/4% and it also announced that it would be in the market for agency debt and treasuries, effectively monetizing the debt of the United States.  The dollar, which had been strengthening in the flight to quality as risk positions were eliminated […]

The UAW Protection Act

Friday, May 29th, 2009

The ongoing bailout of Chrysler and General Motors cannot be looked at as anything other than a bailout of the UAW.  By some estimates, the American taxpayer will be shelling out $215,000 for every job saved.  The massive waste of time and money surrounding these shenanigans boggles the mind.  Does anyone doubt that these companies […]

A Bureaucrat Says Something That Makes Sense On Energy

Wednesday, May 27th, 2009

Secretary of Energy Steven Chu, whose pronouncements on energy tend toward the wacky, today said something that actually makes sense.  He called for roofs around the world to be painted white.  This is something that will make a huge difference in ameliorating the heat island effect, and in cooling the planet.  And it is not […]

Obama Administration Mindset: Those are Just Facts

Wednesday, May 20th, 2009

In testimony before congress today, Treasury Secretary Geithner let slip what typifies the mindset of ideologues like those in the Obama Administration.  When questioned by some congressperson or other about Chinese currency liberalisation, Geithner proferred that their currency liberalisation had been “substantial”.  The congressperson, unsatisfied with the generalization “substantial” pressed for Geithner to cough up […]

Democratic Tax Blather

Wednesday, May 13th, 2009

Demunists and Commocrats are trotting out their talking heads today in response to the Feldstein WSJ editorial that higher taxes will hobble the economy.  I am sick to death of hearing their slobbering response, which assumes that everyone is a craven knothead willing to accept whatever tripe they proffer in their tired missives. First is […]

Democrats are Destroyers

Thursday, March 5th, 2009

It is alarming to hear gleeful democrats say that the mistaken policies of the last 30 years are now to be jettisoned.  What policies exactly?  In a nutshell it is the reduction of state participation in the economy.  As the chart below demonstrates, it is hard to view the policies that started with Reagan as […]

Obama Is Going to Pay Her Mortgage!

Wednesday, March 4th, 2009

I remember during the campaign watching this youtube movie where the woman gets all excited that Obama is going to pay for her gas and mortgage.  At the time it was a joke and everyone had a good laugh.  Well, it turns out Obama IS going to pay for her mortgage in the event.  And […]

Lies and Damned Lies!

Monday, March 2nd, 2009

Apparently it wasn’t enough for Obama Press Secretary Robert Gibbs to lie about the fact that the Homeowner Satbility Initiative the president is proposing does by its terms extend taxpayer help “our neighbors” who bent the system so they could buy a much better house than they could afford, while not helping those of us […]

The Cause of the Crisis: Implications for Regulation

Sunday, February 22nd, 2009

UPDATE 05 March 2009: I would add that in light of what seems an unbelievable overextension of their balance sheet by writing hundreds of billions of dollars or more in Credit Default Swap (CDS) contracts they could not even remotely begin to conceive of being able to honor in the event, it would probably be […]

A Word on Presidential Rhetoric

Sunday, February 22nd, 2009

President Obama has been using the phrase “the tired policies of the past” quite a bit to refer to supply-side conservative economic ideas.  He should be careful.  These words sound like words that could have been uttered by Reagan in 1980 or by Newt Gingrich in 1994. The tired policies of the past are precisely […]