Observing the carving of our currency, as it is sliced by administration fiscal policy and diced by Fed monetary policy.
Archive for the 'Bad Decisions' Category
I wont be nearly the first person to be writing about California’s Proposition 14. I’m coming late into the game, having only listened to the vague positive talking points of the California Independent Voter Network (CAIVN), and their allies, who have talked this proposition up. But I began to see some dissent, and took at [...]
GM pays back $6.7B in government loans by using a $13.4B government funded escrow account in order to secure $10B in new government loans.By mw | Related entries in Bad Decisions, Bailouts, Cars, Corporate Business, Democrats, Economy, Fiscal Responsibility
All week I’ve watched GM CEO Ed Whitacre walking down a factory floor in a GM advertisement, crowing about repaying government loans while saying he could respect the opinion of those who did not want to give GM a “second chance”. It is good to know that Ed can respect my opinion of the bailout. He might be interested to know that my current opinion is that his claim that GM repaid the loan from the US Government in full and ahead of schedule is more than a little disingenuous. I hope Ed still respects me.
Given that this is the slowest recovery from the deepest recession in the modern era, any argument on what impact the stimulus package or the Obama administration did or did not have on the duration or depth of the recession or recovery can only be made on a counterfactual basis. Despite the massive expenditures, you can’t say this recovery is more robust than any that has gone before, so all that can be said in defense of administration policy is speculation that the recovery would have been even more tepid without the stimulus. Problem being, a case can also be made that the uncertainty created by this administration’s wild spending, insane deficits, threatened increases in health care taxes, likely increases in health care insurance premiums on employers, an energy tax (cap & trade), repeal of the Bush tax cuts, increases in the minimum wage, uncertainty created in the health care, financial, and energy industries with the imposition of radical government mandated top down changes in industrial policy – all contributed to increasing uncertainty in the private sector and made the recession worse.
Hey gang, I know it’s been a while for me. I still visit The Donk everyday — because where else am I going to get top-notch discussion without all of the ridiculous name-calling — I just haven’t posted in quite some time. For that, I apologize. Although, it’s not like my writing has been missed [...]
One document escaped the purloined University of East Anglia CRU data dump. The CRU Scientific Methodology can be reverse engineered from the procedures documented in the e-mails and code. The New & Improved CRU Scientific Methodology can now be revealed.
The administration that has initiated so much that is unprecedented in American politics, introduced an unprecedented new Thanksgiving tradition – carving up our currency for the holidays.
In the annals of Supreme Court history, there are perhaps only a handful of cases that go down in history as more egregious than what happened in Suzette Kelo v. City of New London. In that case, the Supreme Court approved an eminent domain taking by the City of New London, Connecticut that involved taking [...]
Everybody’s abuzz about the new Wash Post story today that starts off with the idea that Khalid Sheik Mohammed (KSM) was turned into some type of “terrorist professor” because he was waterboarded. And away we go… The debate over the effectiveness of subjecting detainees to psychological and physical pressure is in some ways irresolvable, because [...]
You may have heard about this before, and one Florida lawmaker is finally doing something about it. Yes, I realize these laws are meant to prevent repeat offenses, but either up the penalties for those offenses or just leave them be. Once somebody gets out of prison, that should be it. End of story. If [...]