The Other McCain

"One should either write ruthlessly what one believes to be the truth, or else shut up." — Arthur Koestler

Preshizzle Brings The Double Dizzle

by Smitty Yid with Lid enumerates the news, then points out the coming Equality of Condition: The only possible good news coming out of the latest economic reports is the “class warfare” approach is likely to end soon. Not because of any change of heart by the President, but because the ruined economy will leave […]

Foreclosures Rising, Home Prices Slumping: Can You Say ‘Double-Dip’?

The stimulus that didn’t stimulate has now been exhausted, and all the gimmicks by which the Obama administration attempted to hide the economic catastrophe — remember “Recovery Summer“? — have failed to change the somber reality: U.S. home foreclosures jumped in the third quarter and banks’ efforts to keep borrowers in their homes dropped as […]

Did Somebody Say ‘Double Dip’?

Oh, yes they did! Could a double dip in the housing market be on the way? That’s what influential banking analyst Meredith Whitney told CNBC’s Squawk Box yesterday. Market analyst Barry Ritholtz explains: The assumption has been that if we can modify mortgages or voluntarily refrain from foreclosures, the [residential real estate] market will stabilize. […]

Obama to Europe: ‘Double-Dip,’ Anyone?

The headline is “Obama Urges Europe Not to Drop Stimulus Measures Yet,” but to understand what the president is actually trying to say, you have to read this New York Times story very carefully: President Obama signaled on Friday that countries in Europe should not withdraw their extraordinary spending programs too quickly. In a public […]

Obamanomics: The Predictable Suckage

Ed Morrissey at Hot Air: “If the US economy got off to a bad start in 2011 with a 1.8% GDP annualized growth rate, the start of the second quarter looks like it might be worse. The Commerce Department reported this morning that durable goods orders fell 3.6% in April after a 4.4% increase the […]

LIVE AT FIVE: 05.15.13

— compiled by Wombat-socho TOP NEWS FBI Opens Criminal Probe Of IRS; Audit Cites Disarray Treasury IG rips agency for selective screening of conservative orgs Wisconsin Tea Party members wants heads to roll Russia Arrests US Diplomat Accused Of Spying Junior diplomat accused of being CIA spy CBO Estimates Deficit Narrows To $642 Billion Smallest […]

Wall Street Panic: European Woes, Inflation, Weak Data Tank Market

L.A. Times: Global stock markets plunged anew Thursday amid intensifying concerns about Europe’s debt crisis and a batch of disheartening economic reports in the United States. The Dow Jones industrial average tumbled more than 470 points, and other indexes followed suit. . . . In addition to the European sell-off, U.S. traders were hit by […]

FMJRA 2.0: Boys Go Crazy

— compiled by Wombat-socho “That Evil Hour …” Mangy Redbone Hound Rhetorican Da Tech Guy The (Perhaps Slightly Less) Lonely Conservative Conservative Commune Instapundit World’s Only Rational Man Conservative Lesbian Dustbury 99counties.org Point Of A Gun I … See … Crazy People That Mr. G Guy Da Tech Guy Conservative Commune Threedonia Obi`s Sister Da […]

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