The liberty papers found an interesting Obama document. It seems that it is not those poor misunderstood adherents of the Religion of Peace that are a problem. It is any American who disagrees with the Obama agenda. Michael Malkin confirms the document is real, not a parody. Veterans are also terrorists, no doubt it comes of persecuting those poor adherents of the Religion of Peace.
Tag: crisis
Worshippers of the Obamessiah start to wake up
The New York Times almost gets it right: Obama’s Ersatz Capitalism What the Obama administration is doing is far worse than nationalization: it is ersatz capitalism, the privatizing of gains and the socializing of losses. It is a “partnership†in which one partner robs the other. Close but no banana. It is crony capitalism, which at its more socialist extreme is fascism, the corporate state, where business and the citizen …
Government pisses away the entire GDP in five months
Bloomberg reports that since November, the government has spent, loaned, or guaranteed 12.8 trillion, an amount very close to one year’s GDP – one year of everyone’s income, or $42,105 for every man, woman, and child in America.
The crisis explained
I have been seeing a lot of references to “a speculative bubble†Nope. They were not speculating. The crisis consisted of people, mostly members of protected minorities with nothing to lose, buying houses they could not afford with borrowed money in the expectation that they would go up, and if they went down, it was the bank’s problem. So the people who bought houses were taking no risk, since mostly …
affirmative action, bad loans, bailout, crisis
The New York Times explains: creditors came to believe that their loans to unsound financial institutions would be made good by the Fed — as long as the collapse of those institutions would threaten the global credit system. Bolstered by this sense of security, bad loans mushroomed. Of course any crisis is multicausal. I have been blaming affirmative action loans. But instead of pushing back against government pressure to make …
The crisis
Fred Thompson argues the solution is thrift – which exactly what the government is trying to prevent. Obviously he is right – and yet wrong, for one person’s savings have to be another person’s obligations. What we need is a financial system that mobilizes savings for sound investments – such as mortgages on reasonably priced houses secured by twenty percent down payments, mortgages on farmlands, mortgages on mines and oilfield …
Solution to the energy crisis
Newt tells it how it is: This crisis was caused by politicians. He tells how to reduce fuel costs in the short run, and the long run. “you want energy now†he tells us. And then he tells us how to get it. How do we solve the energy crisis? Answer. Let businessmen extract oil. Drill here. Drill now. Pay less.
Roots of the energy crisis
The energy crisis happened because of optimistic projections – that gas to liquid and coal to liquid would not be needed until the technology had been improved and the cost brought down, that the dramatic growth in China and India could be accommodated by rapidly expanding conventional oil production. The political elite, unable to introduce a carbon tax because it would directly and visibly hurt people, proceeded to block coal …
Oil hits $120 a barrel
When capitalism screws up badly, as is happening right now, people are inclined to listen to demagogues who tell them that if only the demagogue got to make decisions, instead of those wicked capitalists, all would be well.
Famine
Tractors are just as attractive to tyrants, demagogues, and terrorists as pipelines are.