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Must-Read Starter For June 2009

Must-Read Starter For June 2009

hammer-and-sickleFor those of you who are paying attention to the headlines, General Motors is officially filing for bankruptcy protection, but the kind that only you and I could dream of being provided (could be a nightmare). The US government is going to become a 60% owner of the company... yup, a controlling interest. Goodbye capitalism. At least for GM. And anyone that still owns a Chevy, Caddy, or some other GM vehicle. On the positive side, the government can now start cranking out as many Cadillac limos as it does $100 bills to support the government's activities. On the negative side, the government can now start cranking out as many Cadillac limos as it does $100 bills to support the government's activities. The Press, those ready to speak the Truth, have finally seen the direction the government is going for what it is. Okay, only one member of the Press. Okay, it's the Russian Press. That's right, Pravda, the state sponsored news agency, provided an incredibly insightful assessment of [...]

AIG and the Miracle of Economic Stimulus

Like everyone else in America, I’ve been watching the AIG saga unfold with eager anticipation.  At first, I was in the “too big to fail” camp.  The sheer size of AIG, added to the complexity of its product offerings and coupled with the magnitude of...

The Conservative Reader

As we continue our inexorable national slide into socialism, as our freedoms begin to slowly, but surely, be taken away, I have made the following observations (while I still can). President Obama promised the following during the 2008 Presidential campaign:
  • Fiscal responsibility/no new earmarks. Apparently someone has forgotten to tell him about the 8,500 earmarks in the current omnibus spending bill and the projected $1.9 trillion (that's trillion with a "t") budget deficit.
  • Bi-partisanship. I'm not sure what that looks like, but I'm sure the Republicans don't feel like anyone is listening to them and addressing their concerns right now (other than Arlen Specter, Olympia Snowe and Susan Collins).
  • Economic growth. After less than two months in office, my retirement plan can't take much more of President Obama's "economic growth".
The markets are nervous, and it reflects in current stock market indices. As I write this, the Dow is [...]
Must-Read Starter For June 2009

President Doom and Gloom

I caught bits and pieces of the press conference held by President Obama last night and I heard the subsequent reviews. My analysis suggests that our national media threw President Obama a bunch of softballs. President Bush would have held a lot more press conferences if the questions were that easy, I bet. Bill O'Reilly called the President "boring". No kidding! And then some! Here's what's starting to grate on me. For the last 18 months, all we've heard from President Obama is how terrible things are, and now "this is the worst economic crisis since the Great Depression". Bad news is his mantra. I'm not sure if he can handle good news. It makes me wonder how he responded to the news he was going to be a father. Did he say "Great! Another mouth to feed"? Americans, for the most part, are an optimistic lot. For us, the glass is always half full. According to President Obama, there is no glass, primarily because the greedy Wall Street types stole it. He can't even discuss the whole Alex Rodriguez steroid thing without calling it "depressing". Eventually, the American people will tire of President Obama's negativity. That day is getting closer. Three weeks into his administration, it's already clear he's in way over his head. Talk about above his pay grade! And by his own admission. We're looking at [...]
Must-Read Starter For June 2009

The Stimulus That Wasn’t Gets Passed

Bruce McQuain, this morning at Q&Q:
Well there’s an agreement on the Generational Theft Act of 2009. The squishy middle has capitulated. As expected, just enough Republicans have signed on to ensure its passage. Names? Specter for one:
Specter said Friday night that action was “very necessary,” and this bill, though not perfect, is better than inaction. “I think no one could argue with the fact that the situation would be much worse without this bill,” Specter said at a news conference.
And of course, Susan Collins is the other (and Olympia Snowe is also reportedly going to vote for it). Voinavich and Martinez bailed. They’ll give this the veneer of bi-partisan legitimacy.
Which, doubtless, will be endlessly touted by the Democrats over the following two years. And, forever, for that matter, each time the amount of debt incurred by this mess turns up as a discussion point on online venues, or talking head programs. The problem is obvious; it is what Bruce describes as the “squishy middle” . I’ve been telling you people for nearly a decade now that it is the centrists among us that are going to kill us off as a nation. If this [...]
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