Admittedly, this is a bit delayed. These numbers have been out for over a month, and I am just now getting around to digesting them. I will get into the numbers in a second, but first I want to discuss a general theme that needs to be taken into account when looking at FY 2009’s [...]
This is the second installment on what will be a long series regarding the national debt and how it affects political policies.
In 1981, President Reagan established a commission to review the fiscal soundness of social security. The chairman of the commission was Alan Greenspan, who went on to head the Federal Reserve and lay the [...]
I would like for all of you to pretend with me for a minute. Say we all have excellent credit ratings and we have access to virtually boundless amounts of borrowed money. Now, the kicker of this deal is that we also don’t have to ever pay any of the money back, all we have [...]
The only real player left in the economy is the US government. Rich people have dumped their equity and commodity positions and followed the herd move into US treasuries. They are doing this and will continue to do so for a while because that way the government can take all of the losses while all [...]
I am writing this and I don’t have any media on. I wanted to get this out before I let any of today in (since most of these stories are backed up from the weekend or earlier). I expect huge losses to begin rolling in now that O is seated. Maybe give it a few [...]
Last time I tore apart a right wing attack piece on Obama’s stimulus. This time, Robert Kuttner of The American Prospect published this gem on Huff Post. Reading this was one of the most annoying things for me. I am skipping all of the stuff about health care and whether social security and medicare are [...]
This is somewhat in response to this editorial from Brian Riedl at the National Review. Over the next few weeks, I am sure there will be a lot of critique of the stimulus plan and what good it will actually do for the economy. As the first write up of its kind, I found a [...]
consumers of doom,
The thing I have noticed most so far in 2009 is the creepy Barack Obama cult of personality being created in America. Go to any mall, and you will see stylized pictures of him on posters and t-shirts. Talk to almost any supporter, and you will hear an utter lack of intellectual curiosity. [...]
I was listening to Sean Hannity talk about the Gaza invasion today and something occurred to me. Most Americans (and particularly liberals) neglect to realize the deep-seeded hatred on both sides of the conflict. While I was in Israel, it seemed to me that average citizens just wanted to kill each other until one party [...]
Wise Readers of Doom,
For someone interested in doom, 2008 was a year full of potential. Soaring energy and commodity prices in the first half of the year lead to a price collapse for oil and several other commodities. The real estate and equity markets took big hits as well, but we may never know the [...]
