Tag Archive: Failure of Keynesian economics

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

Making me right again

It looks like the CBO is making me look right again by revising their projected US government budget deficits to show them not shrinking as fast as previously predicted. Note that the graph is in percentage of GDP, which in and of istelf is a way to hide the fact things are getting worse, since GDP is projected to keep gowing up. So the further out you go, the bigger the actual deficit dollar … Read more

That drop in unemployment you heard about from the leftards put into perspective

The left is all atwitter about how unemployment has been dropping, even going so far as to acknowledge that the 7.6% number they tout, comes with abysmally low new job numbers. I actually had one of these idiots show their lack of gall by telling me these numbers prove that the economy was finally responding to all the hard work the marxist have been doing. Shit, it’s a miracle things are not worse … Read more

When you are deep in debt and going broke….

Double down n the shit that got your there? Really? Most people’s reaction is to reign in the spending to what’s absolutely necessary, and to get things under control, because being a homeless bum living on the street isn’t something appealing to anyone that has the mental acuity to avoid it. Sure, some people end up homeless anyway, but they do so usually because something is seriously wrong with them, mentally, and they can’t control … Read more

What do they know?

When you hear the progressives talking about things getting better, keep this in mind:

Despite the 6.5% stock market rally over the last three months, a handful of billionaires are quietly dumping their American stocks . . . and fast. Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate. He recently complained of “disappointing performance” in dyed-in-the-wool American companies like Johnson &

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