Tag Archive: Failure of Keynesian economics

This is the sort of change he promised

While I am less bothered to see this phenomenon is happening in the People’s Republic of California, a deep blue state, and one of the reasons the economically illiterate idiot in the WH was elected, not once, but twice, it is still saddening to see it happen. It shows how bad things have gotten:

Debbie Rohr lives with her husband and twin teenage sons in a well-tended three-bedroom home in Salinas. The ranch-style house has

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The liberal solution: take 125537899

In the people’s great city of Detroit, where credentialed liberal ideologues have been running the show for more than 6 decades, things have not been going so well. OK, I am fucking around when I act sarcastic like this. Detroit is a disaster of epic proportions. The left created an unsustainable model that robbed the tax payers and incentivized business to move elsewhere, while the elected officials pissed away any and all prosperity. So now … Read more

Killing the goose that laid the golden egg

Over at the Hoover Institution journal, they have a damning article, appropriately titled “The United States of Envy”, where they give us a clear picture of the left’s strategy for the coming election:

In advance of the 2014 election, the Obama administration has drawn the political discussion away from its unpopular and flawed healthcare plan, usually called Obamacare, to bring public attention and support for increased income redistribution. President Obama openly encouraged envy

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When I say this model is unsustainable..

It is because of facts like the following:

Buried deep on the website of the U.S. Census Bureau is a number every American citizen, and especially those entrusted with public office, should know. It is 86,429,000.

That is the number of Americans who in 2012 got up every morning and went to work — in the private sector — and did it week after week after week.

In 2012, according to the Census

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More proof the left is a bunch of economic illiterates.

This past weekend Matt Drudge of the famous Drudge Report website started a firestorm that had all the usual credentialed LSM idiots thinking they had scored a huge hit against a man they have hated for being instrumental in showing the LSM’s hypocritical status as nothing but a DNC propaganda machine. The controversy started with a tweet from Drudge about having paid what he labeled a “Liberty tax” in the case of the Obamacare penalty. … Read more

Paper dragon revisited

The other day I had a post up about the dysmal state of affairs in China titled “Can’t hide bad news forever” and why the attempts to hide these things will eventually fail anyway, and it looks like there is another article showing
more of the same:

Measuring a nation’s military capabilities is more than counting troops, weapons and GDP. There’s also the human factor. In that area China is running into

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Can’t hide bad news forever…

Looks like the paper dragon is about to get some serious pain, as the Chinese economy no longer can hide the crap it was doing to pretend to have annual double digit growth. Too many Chinese firms are overextended and can’t repay their debt, so the Chinese government, whom had been playing games for decades to keep them up and running despite the fact they should have gone belly up, no longer has the … Read more

Obamacare keeps on giving.. (UPDATED)

Been a while since I pointed out how well Obamacare was working out for all, so this update, is due:

Health and Human Services Secretary Kathleen Sebelius told a House panel Wednesday that nobody knows how many Obamacare enrollees have actually paid their health insurance bills.

“People are buying a product in the private market,” Sebelius told the House Ways and Means Committee, which was holding a hearing on the 2015 HHS budget. “As

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Can’t say I am surprised

I have dealt with plenty of libs that have made the argument that stupid rednecks vote against their own interests when they don’t vote for nanny state democrats, the assumption being that nanny state democrats and their massive vote buying scheme is something that benefits people the left feels are too stupid to do things on their own. And you bet that rednecks, along with minorities, are all seen as people that can’t do anything … Read more

Tell the lie enough times….

Obozo was in my state yesterday stumping for money and more blue adulation to stoke his massive ego, and one of the things he praised the state for, in his speech, was the minimum wage hike the donkey controlled political machine foisted on an already abused private sector. The reality on the ground in “The People’s Republic of Connecticut” is that decades of democrat control have devastated the economy. That article is from early … Read more

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