Hotair thinks this will rebound against the Obama, but history tells us otherwise. People love the strong horse, and despise the weak horse, and beating people up looks very much like strength if you can get away with it.
Author: Jim
The vast majority of defaults were black and hispanic
Hat tip Steve Sailer who provides the breakdown of defaults. The proximate cause of the international crisis is that the US$, the international reserve currency, lost much credibility. The proximate cause of the US$ losing credibility was massive defaults by blacks and Hispanics, and the proximate cause of the massive defaults by blacks and Hispanics …
The government can inflate its way out of debt
Megan McCardle tells us You Can’t Inflate Your Way Out of Debt, which is dead wrong: Look, for example at the Wiemar republic.
Off budget deficit
Long ago, the government found a new way to run a deficit:Â Create a nominally private business with government appointed management, to carry out a government directed mission.Â
The nomenclatura
each benevolent intervention either by its nature does not effect people like the beloved leaders themselves , or, as with the health plan, people like the beloved leaders are specifically exempted from this kindly help.
“We may be seeing the beginning of the end of the recessionâ€
My prediction is for high unemployment, high inflation, or both.
Kaufman predicts soaring unemployment
as everything goes to hell, doubtless capitalism will be blamed, and Krugman and the rest will declare that they have been proven right – that all the bad things happening are proof that capitalism does not work and therefore they did not crush it enough.
You are probably a federal felon
There are a lot of laws, indeed they are growing so fast that not only can they not be read by legislators, but with in creasing frequency not even printed, existing only in electronic form, no longer practical to commit to paper. Further, many of these laws are deliberately overbroad for the convenience of prosecutors …
British political prisoners.
Two british nazis, Simon Shappard and Stephen Whittle, were charged with writing heresy. They fled to the USA, but last month were forced back to Britain, where they have each been jailed for two years and two months for publishing thought crimes: They posted on their web site that Hitler did not exterminate the Jews, …
Goldman Sach’s hand caught in piggy bank.
They admit their hand was in the piggy bank, but say they were just feeling the money, not stealing it. Proprietary secret software should not be in trading computers. Any software in those computers should be subject to scrutiny by all major traders. Any secret software in trading computers is compelling evidence of wrongdoing.