Tag Archive: Failure of Keynesian economics

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

It’s about keeping power, baby!

Hal has a post dealing with the AG telling state AGs to enforce laws as they see fit in which several commenters pointed out that this was a terrible idea. Well, the reason it is terrible is simply that it leads to stuff like this:

The Obama administration is set to announce another major delay in implementing the Affordable Care Act, easing election pressure on Democrats.

As early as this week, according to two

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That cure for “Too big to fail”..

The 2000 plus pages monster produced by Dodd and Frank, the crooks that put together and vehemently defended the framework that left the entire mortgage lending and banking industry open to disaster, then pretended only they could fix it, has resulted in even more emphasis on the “Too big to fail” entities:

The charts below show that both the number of US small banks (which we define as banks with $10 billion or less

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Today it’s been 5 year since they promised a recovery (UPDATED)

Today marks the 5th anniversary of the Porculus bill that the left told us would solve all the problems causes by evil Boosh dropping taxes and starting all the wars they were for before they were against them. I suspect the LSM will not bring this up, because frankly, things look bleaker, if anything, today then they did then. And we only pissed away some $6 trillion to get here. No problem they don’t think … Read more

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