The Other McCain

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

Congress Expected to Vote on Debt Deal Today; Left, Right Spin It in Blame Game

Spin filters into the news at CNN: The U.S. Senate and House of Representatives are expected to vote Monday on a deal to raise the debt ceiling and cut the deficit, a compromise that President Barack Obama and leaders in Congress reached on Sunday night. The votes come one day before the United States faced […]

Pete Wins the $10. I Blame Soros.

The Dow Jones Industrial Average failed to drop by the 200 points I’d predicted. It was down badly, off 96.87 to close at 12,143.24, but that wasn’t enough to win my $10 bet against Pete Da Tech Guy, so I’ve already paid off. It’s obvious to me that George Soros manipulated the market today just to […]

Obama Speaks, Markets Fall

Before President Obama’s speech, the Dow Jones Industrial Average was down 90 points. Now — as of 10:45 a.m. ET — it’s down 110 points. Why? Because he used his speech for a partisan hit on the GOP as offering a bill that “does not solve the problem” and can’t pass Harry Reid’s Democrat-controlled Senate. […]

BLACK FRIDAY? Betting Market Reaction to Failure of Boehner’s Debt-Ceiling Bill

Drudge Report headlines: Boehner Delays Vote on Debt… Limbaugh: We’ve Been Played… GALLUP: Obama Rates Higher Than Boehner, Reid on Debt Situation! Ron Paul: ‘Default Is Coming’… Treasury Contingency Plan on Debt Gives Priority to Bondholders… Carney: If We Have No Other Alternative We Will ‘Take Action’… Obama faces legal bind if time runs out… […]

Hey, If You Listened to Glenn Beck …

. . . and bought gold when it was still trading under $1,200 an ounce, you may be asking yourself now: “Should I sell at $1,600+ and cash out the 33% profit I’ve made in the past 14 months?” If you’re in such a mood, Adrian Ash at Forbes says, “Buy real estate!” After this […]

VIDEO: Dick Morris Interview With Herman Cain: ‘What an Impressive Guy!’

Dick Morris does what he calls his “Lunch Alert” videos, and here he talks economics and jobs with Herman Cain: More at DickMorris.com. PREVIOUSLY: July 27: Herman Cain: He’s In It To Win It July 26: A One-Way Ticket to Des Moines … July 17: VIDEO: Herman Cain Talks Mosques, Sharia and the Muslim Brotherhood […]

Obama Kabuki Wrecking Your 401(k)

Let’s see: Dow Jones Industrial Average dropped another 91 points Tuesday, down to 12,501.30, having lost 223 points in the past three sessions. If stocks are down, then bonds are up, right? Nope: Treasuries fell [Tuesday], eroding a gain from [Monday], as President Barack Obama threatened to veto House Speaker John Boehner’s plan to raise […]

BLACK MONDAY? Obama’s Debt-Ceiling Crisis Strategy Could Sink Wall Street

Let’s be clear: President Obama has orchestrated this unnecessary drama for the specific political purpose of causing a crisis that he — with the willing assistance of the liberal media — hopes to blame on Republicans. Yet while Obama, the Democrats and the media (but I repeat myself) are scripting a kabuki dance, economic reality […]

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