Just a few facts

I was commenting on a post on KnoxViews.com tonight, and it occurred to me to make a simplified chart of the depression era showing how government spending does not equate to economic stimulus for the economy. Here’s part of my comment and the new chart. A popular misconception is that Hoover cut spending and Franklin […]

A discussion continues

This will be a different type of post.  Over the past few days, I have had an exchange of comments on MarketWatch.com, and the format there doesn’t lend itself to that type of discussion, so I’m going to continue it here. I have no idea if “Marsden” will reply or not, but I hope so, […]

The Republican Road to Recovery

I’m not kidding.  The title of this post is what the Republicans are calling their budget blueprint.  You can read the whole 19 pages of it here.  Go ahead and read it – it won’t take long and you may get a few good belly laughs from it. There’s no way to call it a […]

Hillary blames US for fighting in Mexico

Here’s a classic example of government stupidity. Secretary of State Hillary Clinton today said Our insatiable demand for illegal drugs fuels the drug trade. Our inability to prevent weapons from being illegally smuggled across the border to arm these criminals causes the death of police officers, soldiers and civilians. That’s from a Reuters report. Hey […]

Who will give us money?

I was reading through The Daily Capitalist blog tonight, and I read a post entitled “The Chinese Aren’t As Dumb As the Fed Thought” that reminded me of a news blurb I saw today.  It seems that there was much less interest in today’s Treasury auction of 5 year notes than was expected. According to […]

Capitalist Blog Revolution (IV) : Another nail in the coffin

As usual, good news are scarce in todays economic climate – most of us can only sit and wait for what government policies will bring.  The only good news I have run across lately is that ECB, lead by Claude Trichet, is not planning any quantitative easing. He also defends the fact that Europe has […]

Will Geithner’s plan work?

There’s a decent article on CNN.com this evening asking about Geithner’s plan, and if it would work.  It raised some some excellent points. What we do know is that the Obama administration is offering extremely favorable terms to the potential investors. The government, as The New York Times reported this morning, would lend private investors […]

A deficit dummy

It’s easy to find dumb articles on the economy these days, but this one by Robert H. Frank in the NY Times is quite possibly the dumbest collection of nonsense that I’ve read in quite some time. Mr. Frank is an economist at Cornell – evidently Cornell has loose requirements on who can claim that […]

Capitalism without balls

This is a hilarious article – with a serious message – from Bill Bonner of The Daily Reckoning.  I received it in their daily email, but I cannot find it on the Daily Reckoning site right now.  I’ll post a link to the article if I find it later. Mr. Bonner -  I’m going to […]

Obama is imitating Bush

George Bush was – by far – the biggest budget busting president of all time.  In just 8 years he racked up almost as much debt as the previous 42 presidents did in the previous 212 years of the United States combined.  To put it another way, Bush almost doubled the national debt in just […]