So while Linda McMahon is a flip-flopping opportunist, Peter Schiff has always preached fiscal restraint and small government and his long career provides ample evidence he will follow through on his word. He will work to shrink government, stop the bailouts and endless debt-financed spending. He will work to protect the Constitution. He’ll help to get an audit of the Federal Reserve (something Linda knows little if anything about). He opposed the Iraq War at the time
stimulus package's archives
The Case For Peter Schiff
Swift Wits: Fudging Stimulus Job Numbers
Or perhaps rewriting the past would be a better way to put it. The Obama administration claims its saved between 2.2 and 2.8 million jobs with the stimulus. However, the folks at Biggovernment.com compared the Obama administration’s claims about jobs saved/created to what was said before the stimulus. This would seem like fuzzy math to me:
Swift Wits: Insurance Premiums Will Drop 3000 Percent!
According to Bloomberg, Ben Bernanke and the Federal Reserve have pledged “to keep the main interest rate near zero for an “extended period” and confirmed that emergency measures to prop up the housing market will end as planned this month.”
under: Complete Whimsy, Federal Reserve, Obama Says
Tags: Barack Obama, ben, Ben Bernanke, Bloomberg, China, Chris Dodd, Consumer Financial Protection Agency, Fannie Mae, Freddie Mac, George Bush, gold, health insurance, healthcare reform, IMF, India, inflation, insurance premiums, interest rates, Larry Kudlow, Lewrockwell.com, Nancy Pelosi, stimulus package, too big to fail doctrine
Keith Olbermann vs. Glenn Beck: Who is the Bigger Douchebag?
Glenn Beck vs. Keith Olbermann: Watching either of their shows brings us uncomfortably near the absolute epitome of douchebag, but alas, when push comes to shove, only one can be the victor. Here I will discuss their individual merits and try to determine who can rightfully claim the throne in all of its douche-filled glory… But when the chips are down, we all know that it is either Keith Olbermann or Glenn Beck who will hold the crown of greatest douchebag in the history of the world.
under: Complete Whimsy, Live and Learn, Trust, Uncategorized
Tags: Ann Coulter, Barack Obama, cash for clunkers, climategate, Cornell University, Dan Gross, Democrats, douchebag, fascism, FEMA, Fox and Friends, FOX News, Glenn Beck, global warming, healthcare, Howard Dean, Iraq War, Jon Stewart, Keith Olbermann, marijuana legalization, Martha Coakley, MSNBC, racism, Republicans, Saddam Hussein, Sarah Palin, Scott Brown, sexism, stimulus package, The Daily Show
Job Numbers Nonsense
Here’s the problem: the United States has lost approximately 3.3 million jobs since the stimulus package was passed. Unemployment has risen from 7.6% to over 10%. Furthermore, if you include people who are underemployed (working part-time even though they’d prefer to work full-time) or have simply given up on finding a job, unemployment is closer to 20%. So how, exactly, does Obama know he’s saved 640,000 or a million jobs or whatever it is? The exact methodology is difficult to ascertain, but the best explanation I can come up with is an extremely creative imagination.
under: Game Theory, Individual v. Collective, Obama Says, Trust
Tags: aggregate demand, Barack Obama, Darrell Issa, David Goldman, Earl Devaney, housing bubble, job losses, jobs, Keynesian Economics, Peter Schiff, recession, recovery, Recovery Accountability and Transparency Board, Recovery.gov, stimulus package
Nicolas Cage for Treasury Secretary
This summer, the IRS rewarded Nicolas Cage for his “efforts” with a $6 million tax lien on his New Orleans’ properties for unpaid taxes. So the IRS, lead by tax cheat Timothy Geithner, is cracking down on Nicolas Cage for unpaid taxes. How ironic. Or perhaps, “how fitting” would be a better way to put it. After all, I think Tim Geithner, our spend-happy congress, the Federal Reserve, George Bush and Barack Obama can give Nicolas Cage a run for his money (what little is left of it) when it comes to irresponsible spending. Honestly, look at what our government has been doing:
under: Complete Whimsy, Deficits, Dollar, Federal Reserve, Individual v. Collective, Live and Learn, Taxes, Treasury, Trust
Tags: AIG, bailout, Barack Obama, budget deficit, Cap-and-Trade, cash for clunkers, debt, Fannie Mae, Federal Reserve, Freddie Mac, George Bush, GM, government spending, healthcare reform, Lehman Brothers, Leonardo DiCaprio, Mike Tyson, Nicolas Cage, pork, stimulus package, TARP, Tim Geithner, unfunded liabilities
A History of Government Spending: The Ridiculously Awesome Version
Like the title says:
under: Deficits, Live and Learn, Obama Says, Taxes, Treasury
Tags: bailouts, Barack Obama, Bill Clinton, budget deficit, debt, Dwight Eisenhower, Franklin Delano Roosevelt, George Bush, George H.W. Bush, Gerald Ford, government spending, Harry Truman, Jimmy Carter, John F. Kennedy, Lyndon Johnson, New Deal, politicians, Richard Nixson, Ronald Reagan, stimulus package, Taxes
Biden Admits “We Misread Economy.” Better Do More of the Same…
Typical government response; program X hasn’t worked, it’s obviously because we didn’t spend enough:
If Only Barack “Hoover” Obama was Barack “Harding” Obama
Now that we can admit Hoover did more than any president before him in fighting off an economic recession, what should we conclude from this… The first time the Federal Government significantly intervenes to stop an economic downturn just happens to be at the beginning of the worst depression in American history, thus proving the government didn’t do enough?
under: Deficits, Dollar, Dubiously Free Trade, Federal Reserve, Live and Learn, Taxes, Treasury, Trust
Tags: Andrew Mellon, Barack Obama, Black Tuesday, broken-window fallacy, Cato Institute, Depression of 1920, Federal Reserve, financial crisis, Franklin Roosevelt, Great Depression, Harper's Magazine, Henry Hazlitt, Herbert Hoover, Jim Powell, John Garner, Kevin Baker, New Deal, Paul Krugman, Reconstruction Finance Corporation, Roaring Twenties, Smoot-Hawley Tariff, Stephen Colbert, stimulus package, Taxes, Theodore Roosevelt, Warren Harding, Woodrow Wilson
A Cato Institute Look Into a Second (Third Actually) Stimulus
Can anyone site one credible example where Keynesian economics and budget deficit spending effectively created economic growth?
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