Hat Tip: The Big Picture

Over the weekend, we learned that the current recession is on the verge of becoming the longest since the Second World War ended: WASHINGTON – Factory jobs disappeared. Inflation soared. Unemployment climbed to alarming levels. The hungry lined up at soup kitchens. It wasn’t the Great Depression. It was the 1981-82 recession, widely considered America’s [...]

Here’s what a trillion dollars looks like…

Well, something like this, anyway :-) (language NSFW) The New F***ing Citibank – watch more funny videos

From RepublicansForObama.org, here’s one reason people were supposed to vote for Obama: National Debt The federal debt matters. We cannot saddle future taxpayers with having to service the debt we create with our irresponsible fiscal policies. Cutting the deficit will additionally decrease interest rates and increase private investment. Suckers!!!!!!!!! — (not that McCain would have [...]

You know we’ve got economic worries when the price of potato chips exceeds the price of blue chips.

Writing that “Calling Barack Obama’s plan socialistic lacks any class,” Albor Ruiz argues that “fear mongering over a ‘class war’ and an Obama conspiracy to turn the U.S. into a ‘socialist’ country is reaching a fever pitch.” He then cites “Tax Hike Mike” Huckabee as an example: Huckabee, no doubt, takes the cake. “Lenin and [...]

There’s a new craze hitting the conservative tubes on the Internets these days: “Going Galt!” While it’s difficult to identify an exact date of reference or to provide any unique person with credit for the general meme, Michelle Malkin and Helen Smith certainly deserve honorable mention for recently popularizing the phrase. This movement seems to [...]

All of a sudden, Republicans are “going Galt.”  To some degree, this is a good thing and about damned time.  My friend Robert Stacy McCain (who went Galt some time ago and never looked back) describes the phenomon like this: Michelle Malkin has begun hammering the “Going Galt” theme, and it’s the subject of a [...]

What would they call this, then? A new Citigroup deal has finally been announced by the Treasury. The government will convert $25 billion in preferred shares to common shares. The move could give the Treasury close to a 36% stake in the company. The government’s influence is becoming apparent. Citi will eliminate its dividend and [...]

This might be the best rant about Obama’s $75 billion dollar home mortgage bailout plan I’ve heard so far broadcast by the MSM. Get ready to stand up and cheer this man!

Much to my delight and surprise, the news of Nadya Suleman (a.k.a. Octomom) giving birth to 8 children in addition to her other 6 children she could ill afford to support has not been well received by a large portion of the American public. Octomom seemed to go into this undertaking with the idea that [...]

Matthew Parris has an interesting argument in The Spectator that is worth quoting at length: [A]mid all the doom-mongering and recanting, I have an assertion to make. The market has not failed. The present collapse is evidence that the market is working. Confidence bubbles are an inherent feature of a free market system. Panics — [...]

Typical… It takes years of schooling and a series of hard exams to become a doctor or a lawyer, but just about anyone, with enough tenacity, can become responsible for billions of dollars. Pretty much anyone can call themselves an economist and opine about fiscal policy. Perhaps even more troubling, there exists no uniform set [...]

Later today, President Obama will unveil his plan to help homeowners in mortgage trouble and revive the housing market: Seeking to stabilize the foundering housing market, President Obama is offering a plan to help as many as nine million families refinance their mortgages or avoid foreclosure, according to a summary released by the White House [...]

Over at The Truth About Cars, Ken Elias looks at the latest requests for an autobailout: This is bad craziness. Never mind the cost. Or the fact that the bailout is doomed to failure. Government money provided to private enterprise on this basis completely distorts the function of the marketplace. It rewards incompetence. It perpetuates [...]

College enrollment has been booming. Schools have not only been adding new seats to existing programs but also adding new programs. And, unlike the free-market process where the supply of a good is expanding dramatically, the price of these seats has been increasing dramatically – much faster than the CPI. The increased attendance at increased [...]

Yesterday, a reader wrote me and asked: “I have been wondering how bad the current economic “crisis” will get. Depending on who I talk to I have been told everything from “this is simply part of the normal cycle of economics” to being told to invest heavily in ammo” Ok, here’s my take on it. [...]

I’ve said before, when it comes to government, that they don’t know what the hell they’re doing. Perhaps I was being generous, following Napoleon’s quote: “Never ascribe to malice that which is adequately explained by incompetence.” Perhaps they know exactly what they’re doing, and they just don’t want to tell us: Geithner’s message was well [...]

Paul Krugman, who doesn’t believe the spending is big enough, on the politicians: And I don’t know about you, but I’ve got a sick feeling in the pit of my stomach — a feeling that America just isn’t rising to the greatest economic challenge in 70 years. The best may not lack all conviction, but [...]