Category: Economy

Union Thugs Deface Funeral Homes Over Union Fight

Posted on by Warner Todd Huston

Apparently unions don’t even respect the dead. In Chicago, union thugs are defacing funeral homes over a contract dispute. Yeah. Property damage. That sure is a legitimate way to go about business, isn’t it? Good thing some of the people in those businesses are already dead or they’d have something to fear from the union […]

 

Liberal Economic Strategies

Posted on by Dave Blount

Tom Vilsack, Obama’s Secretary of Agriculture, has figured out how to get Americans back to work under BOcialism — get even more of us hooked on food stamps: “Well, obviously, it’s putting people to work. Which is why we’re going to have some interesting things in the course of the forum this morning. Later this […]

 

New York Times Columnist Attacks Perry With Twitter, Gives Biden/ Demos A Pass

Posted on by Warner Todd Huston

As if we needed another example of the utter hypocrisy of the Old Media, we get New York Times screed-maker Binyamin Appelbaum who used his Twitter feed to smear Gov. Rick Perry over his Bernanke comments while giving V.P. Joe “Tea Partiers are Terrorists” Biden a complete pass. Once again, Twitter catches the unhinged left […]

 

Ohio Businessman Suffers Union Harassment, Property Damage, Violence, Finally a Shooting

Posted on by Warner Todd Huston

Once again we see the un-American criminality of violence-prone union thugs, this time with the disgusting tale of the IBEW carrying on a years long intimidation campaign against a Toledo area, non-union electrical contractor which has progressed from mere harassment to now a shooting. On August 10, the owner of King Electrical Services, John King, […]

 

Obamacare Far, Far Worse Than Imagined

Posted on by Warner Todd Huston

The Congressional Budget Office has said that only about 7% of employers will drop their own company-offered plans and enter the new government plans that Obamacare will feature when the crap hits the fan in 2014. This small percentage, though is likely untrue. More likely it will be somewhere around 30% — or higher — […]

 

Oh, My: Obama Ag Secretary Vilsack Says Food-stamps Put People Back to Work

Posted on by Doug Ross

One in seven Americans (another Obama record!) is now on food stamps. Asked how the federal government might alleviate those high numbers, Obama Agriculture Secretary Tom Vilsack proclaimed that food stamps are “putting people to work“. No s***. He really said that. Well, obviously, it’s putting people to work. Which is why we’re going to […]

 

Obamunism + Car Industry = Impending Crash

Posted on by Dave Blount

This is why you don’t want authoritarian moonbats running the automotive industry: The country’s automakers should ditch their focus on SUVs and trucks in favor of smaller, more fuel-efficient vehicles, President Obama said Monday. “You can’t just make money on SUVs and trucks,” Obama said during a town hall forum in Cannon Falls, Minn. However, […]

 

Another Example of How the NYTimes Warps Truth

Posted on by Warner Todd Huston

This weekend The New York Times, the fishwrap of record, had yet another one of its left-wing excuses for political analysis, this one about rumors of how Team Obama intends to carry on its continuing re-election campaign on matters economic. The piece is so chock full of bias that you don’t even have to get […]

 

Another Favored Obama Green Business Goes Bankrupt

Posted on by Warner Todd Huston

It seems that the surest way to go bankrupt is to have President Barack Obama use your business as some sort of example of the wonders of his administration and we have yet one more example of that in Evergreen Solar, Inc., the heavily taxpayer funded business that has now closed its doors. In April […]

 

CNN/Krugman: A Space Alien Attack Will Save Us (Disses FDR, Wants a Fake War?)

Posted on by Warner Todd Huston

CNNs Fareed Zakaria and The New York Times’ Paul Krugman have solved our economic problems. They’ve decided that a space alien attack will save us. Aside from the guffaw factor of space aliens, there was so much wrong with this CNN segment that we must lay them out for discussion. First on the clip is […]

 

Presenting The U.S. Military’s New Fighter, the F-35 Lightning II

Posted on by Warner Todd Huston

It has been a tough few decades for high-end military procurement, for sure. Promising projects, hardware, weapons systems, trains, planes, and automobiles — not to mention numerous boats — have been started, millions spent on them, only to be unceremoniously cancelled due to those pernicious political whirlwinds. Our nation has an aging military infrastructure and […]

 

Maybe Geithner And Bernanke Should Ask Why Their “Arsenal” Is So Ineffective In The First Place

Posted on by John Hawkins

Over at the New York Times, there’s a poor, poor pitiful me article explaining that Tim Geithner and Ben Bernanke “have little in arsenal to fight new crisis.” Here are some key excerpts: Geithner and Bernanke could speak with authority. As two of the architects of the United States’ own financial rescue starting in 2008, […]

 

Obama DID Lie: Obamacare Now Paying for Illegal Immigrants

Posted on by Warner Todd Huston

Remember when South Carolina Representative Joe Wilson called out “You Lie!” when Obama claimed in his 2009 state of the union address that his Obamacare plan would never go to care for illegal aliens? Well, turns out Wilson was right. We now know that Obama did lie. His latest move has been to turn Obamacare […]

 

Union Thuggery: More Criminality in Verizon Strike

Posted on by Warner Todd Huston

In Pennsylvania union thuggery, violations of the law, and criminality is abundant in the strike by the Communications Workers of America against Verizon. It’s expected that unionistas don’t respect businesses, of course, but not to respect the safety of children? That’s beyond the pale. Sadly, theft, property destruction, and otherwise breaking the law is no […]

 

The potentially great Medicare reform that could have been

Posted on by Craig Newmark

From Avik Roy, “Saving Medicare from Itself“. In 1997, as a result of the Balanced Budget Act, Congress organized the National Bipartisan Commission on the Future of Medicare, under the leadership of Democratic senator John Breaux and Republican representative Bill Thomas. The commission’s final recommendation, supported by members of both parties, was that Medicare should […]

 

“The Destructive Evil of Price Controls”

Posted on by Craig Newmark

As a practicing economist I’m a little sensitive to the charge that economists fostered the Great Recession. Why didn’t we know more? Why didn’t we warn people? Well, there were warnings, but for the sake of argument suppose there weren’t. And now suppose that, instead, every economist in the country spent ten years jumping up […]

 

Aug. 12: Happy Cost of Government Day (Illinoisans Hardest Hit)

Posted on by Warner Todd Huston

Well, we’ve finally paid for the cost of government for the year. That’s right, it took over half the year for working folks to pay off what it costs to keep government rolling for a year. Sadly, Illinois does not far as well as most other states. Each year Americans for Tax Reform figures in […]

 

Rick Perry’s NAFTA Superhighway Problem

Posted on by Rachel Alexander

Move over Mitt Romney. Rick Perry has a bigger problem to defend from his tenure as governor. Remember the NAFTA Superhighway project? It was to consist of a two-mile wide $184 billion transit system of toll roads, rail lines and utilities from the Texas-Mexico border all the way up to the Minnesota-Canadian border, to make […]

 

Live Tweets of the August Fox GOP Debate

Posted on by Warner Todd Huston

I usually live Tweet many events like this at my Twitter account: http://twitter.com/#!/warnerthuston. The Fox GOP debate is no exception. As to the debate, who won and who lost? I’d say Tim Pawlenty ended his run last night. His bickering with Michele Bachmann rattled him and made him look a bit silly. Tim lost but […]

 

Once Again Reporters Try to Decide Who is Allowed to be ‘The Press’

Posted on by Warner Todd Huston

In yet another example of collusion between “the press” and the Democrats, Bill Kelly of Chicago tried to ask a question of Democrat Senator Dick Durbin at a press availability at Chicago’s City Club and met, shall we say, some resistance? As Kelly tried to ask his question, the reporters standing next to Kelly tried […]

 

S&P Downgrades Fannie And Freddie, Others

Posted on by William Teach

The hit parade keeps coming. Liberal Talking Point by end of day: it’s the TEA Parties fault Standard & Poor’s ratings service today announced it was downgrading the credit of Fannie Mae, Freddie Mac and 10 of 12 Federal Home Loan Banks that were propped up by the federal government after the financial crisis of […]

 

Obameconomy: Companies Flee U.S. For Greener Pastures

Posted on by William Teach

As we watch the world markets plunge due to the US downgrade, and await the opening of the US markets, we await Mr. Obama to finally make some sort of public statement about the downgrade. Something. Anything. Though, some sort of positive motivational speech would be nice. Remember when people whined about President Bush always […]

 

Heckuva line

Posted on by Craig Newmark

Professor Glenn Reynolds–Instapundit–on how to “predict your Social Security payout“: “If you’re 50 or under, try this methodology: Pick a number. Then subtract that number from itself. You’re done! For planning purposes, at least, I wouldn’t count on anything.”  

 

FBN’s Eric Bolling: ‘Obama’s Economy Will Dip Back Into Recession’

Posted on by Warner Todd Huston

“The debt deal was a bad deal…” We were told that the country was about to collapse like the Weimar Republic or the Soviet Union, even, if Washington didn’t get that darn debt ceiling hike done. Yet, even as President Obama was signing the very bill that was supposed to save our faltering economy, the […]