The Other McCain

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

Quantitative Easing

by Smitty (via Donald Marron) This is very well done:Take it straight, take it sober: the country is in for a bumpy ride. The plutocrats whose plans suffer a setback today could very well afford to put a horse head in every bed, for small, wooden, PETA-approved values of ‘horse’. The Founding Fathers were deeply […]

TARP Watchdog Report: Administration ‘Manipulated’ Data to Hide AIG Losses

They tried to “hide the decline,” so to speak: In a scathing 338-page report released today, a federal watchdog exposes the failure of the 2008 Troubled Asset Relief Program (TARP) bailout and suggests Treasury Department officials engaged in a politically motivated attempt to hide losses at bankrupt insurance giant AIG with “manipulated” data. “Treasury should have disclosed that […]

Oh, The Preciousss, Preciousss Narrative!

Smitty (h/t Gateway Pundit) So much of the smoke and mirrorssuccess of the current administration, and the Men from O.R.G.A.S.M., is predicated upon an audience of willing dupes. For them, no good can come of this. How is it that CBS wandered off the reservation? Also, given that this is 60 Minutes, how valid is […]

The First Rule of Cliffs

It seems like eons ago, but actually it was only December 2008, when I examined the proposed neo-Keynesian economic agenda of the ascendant Democrats and said, “It Won’t Work.” Obamanomics is still not working and a new blog points out that, in the case of our president, persistence is more vice that virtue: Obama gave a […]

Obama Cut Your Taxes, and Other Lies Frank Rich Wants You to Believe In

You’ve got to marvel at the effrontery of the man: President Obama, the Rodney Dangerfield of 2010, gets no respect for averting another Great Depression, for saving 3.3 million jobs with stimulus spending, or for salvaging GM and Chrysler from the junkyard. And none of these good deeds, no matter how substantial, will go unpunished […]

Barney Frank’s Pals Fannie and Freddie Helped Cause the Foreclosure Crisis

A very simple question: “[A]ren’t there a lot of seat-warmers at Fannie and Freddie who collect their salaries for the express purpose of reading mortgage documents?” Doug Ross calls our attention to the role of these “government-sponsored entities” in the massive screw-up of mortgage paperwork that now threatens to freeze the entire U.S. housing market: […]

Democrats, Unions Bankroll 527 Group Attacking Massachusetts Republican

BOSTON — Charles Baker is the Republican candidate challenging Massachusetts Gov. Deval Patrick. Lately, Baker has been targeted by attack ads from a group called “Bay State Future,” headed by Barbara Weniger. But this group is actually a front for Democrats and labor unions: The more than $2 million worth of negative ads, aired by […]

Economics for 11-Year-Olds

Thursday, after I picked up my kids from school, we were listening to the news on the car radio and something prompted my 11-year-old son Jefferson to ask, “Dad, what’s a recession?” So I explained that the official designation of recession is two consecutive quarters of negative economic growth — a decline in the gross domestic […]

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