Tag Archive: Failure of Keynesian economics

What’s the definition of insanity again?

My best take on that is the failures of Keynesian economics, and the fact that the left, constantly enacting economic growth crushing, marxist wealth redistribution class warfare schemes and scams, soul sucking legislation and policies, by fiat these days, has decided that the cure for the damage these ludicrous divide & conquer opportunities to waste and steal tax payer money cause, is to piss away even more tax payer money.

Federal Reserve Chair Janet

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So I am not the only one that saw through the bullshit?

When I originally started seeing the minimally covered LSM spin about the seriously disappointing U.S. First Quarter Gross Domestic Product numbers, and stories like this one claiming the reason we only saw a 0.1% growth instead of the projected already crappy 1.2%, was the harsh winter, my bullshit detector went off. On the one hand the LSM has been trying real hard to pretend the past winter was not one of the nastiest, coldest, … Read more

Want to see what propaganda looks like?

Then take a look at how “The Hill” reports the likely defeat of an idiotic democrat scheme to help union bosses make more money and lard democrat campaign coffers at the expense of economic growth, in the democrat controlled senate of all places, is happening because of republican resistance! As if you needed more proof that this is just political jockeying by the democrats, I show you this:

The Democrats’ minimum wage bill is

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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

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