Tag Archive: Economy of the United States

Cuts? We don’t need no stinking cuts!

The shell game has begun. So is the damned narrative. If you get your news from the usual LSM outlets, you are probably thinking that the problem is all the evil republicans who want to protect their rich buddies from paying their “fair share”, whatever the fuck that bullshit arbitrary marxist lingo – and have no doubt that it is arbitrary on purpose, so they can redefine it in their favor whenever they feel they … Read more

The tragedy goes on..

I guess that since our lord and savior won the election, we better get used to pure propaganda stories about how awesome things are getting like this one.

CNN reports that practically all Americans went shopping over “Black Friday” weekend.

“A record 247 million shoppers visited stores and websites in the post-Thanksgiving Black Friday weekend this year, up 9% from 226 million last year, according to a survey by the National Retail Federation released

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The Protests That Weren’t

So I’ve been hearing rumbles of a walkout at Walmart stores on Black Friday. How’d that work out?

“The protest organizers have declined to say how many Wal- Mart associates they expect to be involved in the latest round of actions” says Bloomberg, and while the OurWalmart homepage feed contains lots of pictures of protest groups, there don’t seem to be a lot of actual Walmart employees. In fact, several rather wisful items champion

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Twinkies Get Creamed As America Follows Suit

I did some contract work with IBC when it was based in Kansas City a few years ago.  Around 2008-ish.  Back then, the Teamsters Union was doing its best to bring about the outcome that the Baker’s Union ultimately accomplished: Death of the business.  The End didn’t come since the Teamsters knew back then–as they did now–when to pull back from the brink.   “Save the Twinkies, Save the World” was the vision.

Every day, I’d … Read more

Our Shrinking Debt

This is good news:

U.S. debt has shrunk to a six-year low relative to the size of the economy as homeowners, cities and companies cut borrowing, undermining rating companies’ downgrading of the nation’s credit rating.

Total indebtedness including that of federal and state governments and consumers has fallen to 3.29 times gross domestic product, the least since 2006, from a peak of 3.59 four years ago, according to data compiled by Bloomberg. Private- sector borrowing

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Modern Day Javerts

You know why I get irritated when people call Obama a Secret Communist Anti-Colonialist Crypto-Marxist Douchbag? Because if he actually were one, it would almost be preferable. At the very least, we wouldn’t have shit like this:

Richard Eggers doesn’t look like a mastermind of financial crime.

The former farm boy speaks deliberately, can’t remember the last time he got a speeding ticket, and favors suspenders, horn-rimmed glasses and plaid shirts. But the 68-year-old

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THIS!!!!

The stock market seems to be pretending that the economy is doing good, but people are not buying this bullshit:

With the Dow Jones Industrial Average moving past 13,000 toward pre-financial-crisis highs, the conventional wisdom is that the stock markets expect a robust economy soon — just what President Obama needs to guarantee his re-election this fall.

Not so fast.

Yes, the economy may be improving after its anemic growth in 2011, which is

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And Burn the Banks Down

Part two of my posts on housing and banking.

If you want to know why I have some shred of sympathy for OWS despite some of their repugnant behavior (that Kos link is priceless, BTW), here is the reason:

Liberal protesters “occupying” Wall Street hate the big banks, which they see as the engine of capitalism. But conservatives ought to hate the big banks because they are the enemies of capitalism.

In addition to the … Read more

Dog bites man story: Union violence yet again.

This timem it was the longshoremen in Washington that destroyed property and held people hostage. Why are they doing it?

The International Longshore and Warehouse Union believes it has the right to work at the facility, but the company has hired a contractor that’s staffing a workforce of other union laborers.

Get that? They have the “RIGHT” to do the work, but the employer has no business, let alone the right, to hire whomever … Read more

Blame Boosh!.. Well, these days it is blame the “Terrorist Tea Party”.

And what do I believe the left will blame them for? Well a 512 point drop in the DJIA (Dow Jones Industrial Average):

The Dow Jones Industrial Average plummeted 512.76 points, or 4.31 percent, to close at 11,383.68, led by Alcoa [AA 12.94 -1.32 (-9.26%) ] and BofA [BAC 8.83 -0.71 (-7.44%) ]. The last time the Dow dropped more than 500 points in a single session was in Dec. 2008.

I am sure … Read more

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