Economist Greg Mankiw proposes a bet with New York Times columnist/hack Paul Krugman. Team Obama says that real GDP in 2013 will be 15.6 percent above real GDP in 2008. (That number comes from compounding their predicted growth rates for these five years.) So, Paul, are you willing to wager that the economy will meet […]
Do you remember the Democrat conspiracy theory that said Republicans wanted to cut taxes to "starve" government (aka starving the beast) and eventually get rid of all social programs due to a lack of money? Is it possible that President Barack Obama and the Democrats are trying to destroy the stock market in order to […]
The Dow Jones industrial average closed below 7,000 today. The last time the most well-known financial index was that low it was on its way up and Bill Clinton was president. Glenn Reynolds helpfully provides us with this chart marking the Dow's decline since President Barack Obama took charge of the economy. Starting the graph […]
I'm watching President Obama speak before signing the "stimulus" bill. I'm shocked that he can say this stuff with a straight face. The bill has "no earmarks" and "none of the usual pork-barrel spending." He thinks you're stupid -- and many Americans are -- they voted for him. He continues -- he inherited a $1 […]
If you haven't already made your purchases, you'll have to go to an old-fashioned brick-and-mortar store because it's too late for Amazon. But, courtesy of Hoystory.com's huge advertising budget and Amazon.com, I present you with this freebie. This is a reminder that if you click on one of the various Amazon.com links on the site […]
California's Democrat-run state legislature and its girly-man Gov. Arnold Schwarzenegger have outlined a plan to deal with the states $42-billion budget gap by sticking it to the few people who remain in the state. Vehicle license fees would nearly double, going from the current rate of 0.65% to 1.15% of the value of a car […]
Republican senators Susan Collins and Olympia Snowe of Maine, along with Arlen Specter of Pennsylvania announced last night that they had decided to cave in on the biggest, most wasteful spending plan in American history. Or, if you're a fan of President Barack Obama, they decided to be "patriotic." I kid you not. Mr. Obama […]
Three of President Barack Obama's high-level nominees have had tax troubles jump up and bite them of late. The first, Treasury Secretary Timothy Geithner, was confirmed. As mentioned below, HHS Secretary-designate Tom Daschle withdrew his name from consideration by the Senate today. Nancy Killefer, the woman Obama selected to be his "chief performance officer," and […]
It's been said that a gaffe is accidentally telling the truth. For a real-world example, I give you Brendan Daly. Nearly all of the 11 Democrats who voted against the economic stimulus package Wednesday had an incentive other than the plan’s hefty price tag: Nine of them hold districts carried by John McCain in 2008. […]
I had a conversation Saturday with a couple of liberal friends -- not journalists -- and came away with little more than rote recitation of false liberal talking points. Among the arguments made was that the housing crisis that snowballed into a financial crisis which avalanched into a severe recession turning into a depression was […]