Tag Archive: Failure of Keynesian economics

Next time the libs tell you about how they are going to fix things..

Remember that their quest for equality of income is practically always worse than the alternative. From the article:

Putting aside poverty and immobility, what’s left in the concept of inequality? One simplified way to put it might be: How rich are the rich? In other words, is it a bad thing for a country to have some really rich people? Again, it depends on how they got rich. Sutirtha Bagchi of the University of

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Pearl Harbor

On December 7th 1941 Japan attacked Pearl Harbor and the US joined the allies in WWII. Some 1346 days later Japan was a pile of rubble and surrendered unconditionally. The US managed to build hundreds of ships, thousands of aircraft & tanks, and prosecute a war on two fronts during this time. Today has been 1355 days since they passed Obamacare, and they can’t even get the god damned website for the thing to work….… Read more

More Obamanomics “UNEXECTEDLY!” news

Obama must be going for a perfect score. Not only has his signature achievement put this country on a path where most employment will be part-time, if you can find jobs that is, straddled us all with more debt obligations, and in general grown the welfare state obligations those of us that produce have to pay for, but his tenure has also brought us a 3.2% decline in wages. Considering that the really well … Read more

I told you so…

And now, even the WaPo opinion section has to admit, that cash for clunkers was beyond imbecilic.

When the Obama administration first proposed its “cash for clunkers” plan in 2009, the reaction was generally favorable. Congress would spend $2.85 billion to encourage drivers to swap their old gas-guzzlers for newer, more fuel-efficient cars.

The program had something for everyone: It would lend a hand to the ailing U.S. auto industry. It would tamp down

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War on poverty.. spending more and with no end in sight

The first time I heard the concept of the left’s “war on poverty”, it was articulated – not by that name, but I can’t remember what it was called – to me by a hardcore progtard teacher that also loved to rant about how the evil big pharma and medical research industries would never find a cure for cancer. His point was that because a cure would kill their profits and cash flow, they had … Read more

Did you know?

Our debt jumped by $328 billion on Thursday when the government finally paid off all the money it had been borrowing – using accounting tricks – to keep the debt from going up for a few months? A new record was set. Not a peep about this from most of the LSM.

We are on pace to almost double our debt with every presidency it looks like. Our kids will sure love us for this … Read more

There are really two Americas

Glenn Harlan Reynolds has an USA Today article titled “Washington isn’t working“, that is golden. Unfortunately for the class warriors with whom the idiotic two-Americas meme originated, he isn’t giving them their props when he points out that the two Americas are really the one where things get done, and when not there are consequences, and the one that fucks up everything, and where the bigger you fuck up, the bigger your reward … Read more

Revisiting the Detroit problem

As if it was necessary to point out that Detroit’s problems were liberal ideology driven and self inflicted, we get information like this about the city of Detroit’s pension problem:

I’m rarely speechless, but I’m having trouble putting my emotions into words after reading the latest report on the Detroit pension situation. Now, I admit it: I’m kind of naïve. Usually when I see an underfunded pension, I think to myself “poor pensioners — undone

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I know what they know!

CNBC has a post up titled “What do millionaires know that we don’t? Optimism hits high“. I am sure they are trying to imply that the millionaires think that things are about to get better, like the morons in the LSMS have been pretending for the last 5 years, but they have it wrong. These millionaires are optimistic because they have been raking it in under Obama, man of the people, and they … Read more

How did rich & prosperous CT fail so badly?

My progressive state compatriots have been trying for a very long time now to pretend that things in Connecticut are no worse than elsewhere, but the facts are facts, and as others without the liberal blinker have pointed out, the state is in deep shit.

Connecticut has so many advantages that it might be hard to understand how it became one of America’s worst-performing state economies.

As we know, Connecticut is located along an

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