Everyday Annoyances » Economics

Demagogueing Gridlock

admin — Mon, 08 Aug 2011 19:59:21 +0000

After waiting more than two days to respond to Standard & Poor’s downgrade of US credit to AA+ President Obama showed that he really is a one-trick pony by blaming everything but his own incompetent administration. He called attention to the earthquake that damaged Japan and the Arab Spring (which he supports) then sniped at …

Capitalism’s Bum Rap

admin — Thu, 04 Aug 2011 13:00:18 +0000

cap·i·tal·ism [kap-i-tl-iz-uhm] –noun an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, especially as contrasted to cooperatively or state-owned means of wealth. Link cap·i·tal·ist [kap-i-tl-ist] noun 1. a person who has capital, especially extensive capital, …

Obama’s Arrogance on the Debt Ceiling

admin — Tue, 26 Jul 2011 03:56:12 +0000

Obama tried invoking Ronald Reagan yet again in his speech on the debt limit but I still haven’t heard any commentators mention one thing that I see as standing out in his speech. Leave out the usual class warfare talking points and the poll tested “balanced" approach” and you will see how he wants to …

Balanced Budget Amendment

admin — Sun, 17 Jul 2011 23:23:22 +0000

Sen. Dick Durbin, D-Ill., likewise bashed a GOP plan to push for a balanced-budget amendment in exchange for raising the $14.3 trillion debt ceiling. "The bottom line is those who want to push a balanced-budget amendment are saying ‘I can’t promise you that I won’t steal again, but I will vote for the Ten Commandments,’" …

Presidential Prevarication

admin — Mon, 11 Jul 2011 17:18:38 +0000

In an press conference about the ongoing debt limit discussions Obama stated that professional politicians who do not want to raise the debt limit are being irresponsible as opposed to his stance in 2006 as a senator. The fact that we are here today to debate raising America’s debt limit is a sign of leadership …

Obama’s Mindset

admin — Wed, 06 Jul 2011 05:33:27 +0000

If it wasn’t clear before that President Obama thinks that all earnings belong to the government and people should be grateful for whatever percentage the government allows them to keep then it is abundantly clear now that he has told us outright. “We need to take on spending in domestic programs, in defence programs, in …

Hitting the Debt Ceiling

admin — Sat, 02 Jul 2011 06:27:07 +0000

A recent article on Fox News’ website entitled “Despite Deadline Uncertainty, U.S. Faces Bad Choices if Debt Limit Not Raised” talked about hitting the current ceiling in August and discussed the opinions of various politicians and pundits. One section said the following: But officials would have to sort through the pile of 80 million bills …

Keep the Government out of the Economy

admin — Tue, 27 Apr 2010 23:00:31 +0000

My last post chided US Senators for worrying themselves about FaceBook privacy when there were so many other problems facing the nation, I specifically mentioned the economy. Let me be clear on one thing though, what I mean about them concentrating on the economy is that they should be stopping any new bills from either …