Jan

7

Farewell Alien Attack Stimulus: Paul Krugman Says it Would Be a ‘Bad Idea’ to Nominate Him for Treasury Secretary

Filed Under Economy, Politics | 22 Comments

What? No space alien attack stimulus? No trillion dollar coin minting to pay down the debt? Say it ain’t so: In a blog post on the New York Times website, columnist Paul Krugman says no to serving as treasury secretary. Which is clarifying, even though he was never offered the job anyway. “Yes, I’ve heard [...]

Dec

24

Will Obamacare Cover Treatment For Heavy Metal Addiction?

Filed Under Economy, Health Care, World News | 9 Comments

I couldn’t believe this story wasn’t from the United States, but I’m sure it’ll arrive soon — if it hasn’t already. A man in Sweden is reportedly getting state disability benefits due to a crippling addiction to heavy metal: According to the Global Post, 42-year-old Roger Tullgren said he consulted three psychologists to testify his [...]

Dec

12

QE 4: $45 Billion a Month Bond Buyback

Filed Under Economy, Politics | 22 Comments

File under BOHICA: The Federal Reserve will spend $45 billion a month to sustain an aggressive drive to keep long-term interest rates low. And it set a goal of keeping a key short-term rate near zero until unemployment drops below 6.5 percent. The policies are intended to help an economy that the Fed says is [...]

Dec

5

Sheila Jackson Lee Has Graduated from the Joe Biden School of Wild Over Exaggeration

Filed Under Economy, Politics | 53 Comments

During the campaign, Joe Biden said that Republicans had voted for a $500 trillion tax cut. Not to be outdone, here’s Rep. Sheila Jackson Lee (D-umb) on how much extra cash was in the public coffers when tax rates were higher during the Clinton administration: “Remember, we had a $5.6 trillion surplus in 2000 – [...]

Nov

28

White House: Send Us Videos of Yourselves Calling for Higher Taxes on the Rich

Filed Under Economy, Politics | 22 Comments

The Pentagon’s budget is getting cut, but that hasn’t hindered the Obama administration’s ability to wage class warfare: With lawmakers scheduled to return to work on Monday to begin intense discussions before a looming fiscal deadline, Mr. Obama’s aides are trying to harness the passions that returned him to the White House, hoping to pressure [...]

Nov

23

Sorry Unions: Wal-Mart Reports Record Black Friday Sales

Filed Under Business, Economy, Politics, Unions | 13 Comments

The unions tried to disrupt things, but it looks like that effort will fail big time: After opening earlier than in previous Thanksgiving weekends, Wal-Mart reported its “best ever Black Friday” sales, including bigger crowds than last year, the company said Friday. The retailer rolled out deals starting at 8 p.m. on Thanksgiving Day. From [...]

Nov

19

Burma Destined to Find Out the Hard Way

Filed Under Economy, Politics | 57 Comments

Headline spotted at BBC News: Burma hopes Barack Obama visit will boost the economy Because he’s worked such wonders with the U.S. economy. By now Obama’s probably convinced the leadership in Myanmar to sink a few billion into “clean energy” factories that will end up serving as stimulus for Burmese bankruptcy attorneys. Obama was welcomed [...]

Nov

8

It Starts: Boeing Announces Big Layoffs

Filed Under Business, Economy, Politics | 47 Comments

They waited until the day after the election to make the announcement — what a happy coincidence for Obama: Boeing announced a major restructuring of its defense division on Wednesday that will cut 30 percent of management jobs from 2010 levels, close facilities in California and consolidate several business units to cut costs. Boeing, the [...]

Nov

5

FLOTUS Generously Endorses Romney: ‘If This is What the President Can Do in 4 Years, Imagine What He Can Do in Twice the Time’

Filed Under Economy, Politics | 16 Comments

Voting begins in less than 24 hours, and the candidates as well as their wives are getting in their best last-minute pitches. Here’s Michelle Obama’s: Or, as the soldier looking at the smoldering ruins of a French village in 1944 said, “We sure liberated the hell out of this place.” Remember though, this is the [...]

Nov

2

Obama: Voting is the Best Revenge Against Mitt Romney

Filed Under Economy, Politics | 46 Comments

Revenge? Because Mitt Romney did… what to them exactly? The debt has gone up well over $5 trillion in the last four years, household income is down, the labor force participation rate the lowest in decades and the unemployment rate is higher than the day Obama took office, and we’re supposed to take revenge against [...]

« go back — keep looking »