Stimulus Package Amounts to $278,000 Per Job
The White House Council of Economic Advisors released a report stating that the stimulus package saved or created 2.4 million jobs. This sounds great, but The Weekly Standard—not a paper I’m particularly fond of—actually did the math on that:… Continue reading
Did World War II Get Us Out of the Depression? Paul Krugman Thinks So. I Don’t.
Dig hole... Fill hole back in... Become Rich!
Paul Krugman is back spouting more nonsense than ever. It’s not on par with his most epic screw up; when in 2002 he recommended “Alan Greenspan needs to create a housing bubble… Continue reading
The Case For Peter Schiff
One would think a Senate race—taking place in the middle of two wars and a severe recession—between the co-founder of the World Wrestling Entertainment and an economist and financial expert who predicted the financial crisis would be a no-brainer of… Continue reading
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: Continue reading
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." Continue reading
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. Continue reading
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. Continue reading
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: Continue reading
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: Continue reading
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