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"Analysis: The Final State of the Presidential Race"
He’ll, You Pieces of Garbage
The Future of Warfare -- No more martyrdom!
"Kamala’s Inane Talking Points"
"The Harris Campaign Is Testament to the Toxicity of Woke Politics"
Easy Drywall Patch
Israel Preparing NEW Iran Strike? Iran Vows “Unimaginable” Response | Watchman Newscast
In Logansport, Indiana, Kids are Being Pushed Out of Schools After Migrants Swelled County’s Population by 30%: "Everybody else is falling behind"
Exclusive — Bernie Moreno: We Spend $110,000 Per Illegal Migrant Per Year, More than Twice What ‘the Average American Makes’
Florida County: 41 of 45 People Arrested for Looting after Hurricanes Helene and Milton are Noncitizens
Presidential race: Is a Split Ticket the only Answer?
hurricanes and heat waves are Worse
'Backbone of Iran's missile industry' destroyed by IAF strikes on Islamic Republic
Joe Rogan Experience #2219 - Donald Trump
IDF raids Hezbollah Radwan Forces underground bases, discovers massive cache of weapons
Gallant: ‘After we strike in Iran,’ the world will understand all of our training
The Atlantic Hit Piece On Trump Is A Psy-Op To Justify Post-Election Violence If Harris Loses
Six Al Jazeera journalists are Hamas, PIJ terrorists
Judge Aileen Cannon, who tossed Trump's classified docs case, on list of proposed candidates for attorney general
Iran's Assassination Program in Europe: Europe Goes Back to Sleep
Susan Olsen says Brady Bunch revival was cancelled because she’s MAGA.
Foreign Invaders crisis cost $150B in 2023, forcing some areas to cut police and fire services: report
Israel kills head of Hezbollah Intelligence.
Tenn. AG reveals ICE released thousands of ‘murderers and rapists’ from detention centers into US streets
Kamala Harris Touts Mass Amnesty Offering Fast-Tracked Citizenship to Nearly Every Illegal Alien in U.S.
Migration Crisis Fueled Rise in Tuberculosis Cases Study Finds
"They’re Going to Try to Kill Trump Again"
"Dems' Attempts at Power Grab Losing Their Grip"
"Restoring a ‘Great Moderation’ in Fiscal Policy"
"As attacks intensify, Trump becomes more popular"
Posting Articles Now Working Here
Another Test
Testing
Kamala Harris, reparations, and guaranteed income
Did Mudboy Slim finally kill this place?
"Why Young Americans Are Not Taught about Evil"
"New Rules For Radicals — How To Reinvent Kamala Harris"
"Harris’ problem: She’s a complete phony"
Hurricane Beryl strikes Bay City (TX)
Who Is ‘Destroying Democracy In Darkness?’
‘Kamalanomics’ is just ‘Bidenomics’ but dumber
Even The Washington Post Says Kamala's 'Price Control' Plan is 'Communist'
Arthur Ray Hines, "Sneakypete", has passed away.
No righT ... for me To hear --- whaT you say !
"Walz’s Fellow Guardsmen Set the Record Straight on Veep Candidate’s Military Career: ‘He Bailed Out’ "
"Kamala Harris Selects Progressive Minnesota Governor Tim Walz as Running Mate"
"The Teleprompter Campaign"
Good Riddance to Ismail Haniyeh
"Pagans in Paris"
"Liberal groupthink makes American life creepy and could cost Democrats the election".
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Latest Articles: Economy
Summer dithering could trigger autumn panic
Post Date: 2011-08-30 12:28:28 by nolu chan
3 Comments
Summer dithering could trigger autumn panic The direction must become clear soon because the financial markets are, by nature, impatient. By Telegraph View The Telegraph (UK) 8:34PM BST 29 Aug 2011 After a turbulent week or two in the middle of August, the markets managed to calm down despite witnessing the biggest falls in equity prices since the banking crisis of 2008. With summer now at an end and traders returning to their desks, this is the moment of greatest peril. The worst market panics in history have happened in the autumn, including the Wall Street Crash of October 1929, Black Monday of October 1987 and the ejection of sterling from the Exchange Rate Mechanism in September ...
FROM RUSSIA WITH SHAME: MARK AMES RESPONDS TO VLADIMIR PUTIN’S LATEST SMACKDOWN ON MSNBC’S DYLAN RATIGAN SHOW
Post Date: 2011-08-30 11:58:32 by Godwinson
5 Comments
EXILE TV / AUGUST 9, 2011 FROM RUSSIA WITH SHAME: MARK AMES RESPONDS TO VLADIMIR PUTIN’S LATEST SMACKDOWN ON MSNBC’S DYLAN RATIGAN SHOW By Mark Ames Update: You MUST watch today’s Ratigan performance. If we’re not going to riot against all this crap like the rest of the world is doing, Ratigan will riot for us. [Video below] Exiled Online editor Mark Ames went on MSNBC’s Dylan Ratigan Show Thursday to respond to Russian strongman Vladimir Putin’s latest trash-talking smackdown against America, in which Putin accused the world’s only superpower and leader of the free world of, “sponging off the global economy like a parasite.” Ames is ...
Obamanomics stays on path to failure with Krueger
Post Date: 2011-08-30 08:49:42 by Happy Quanzaa
1 Comments
Any hopes that President Obama might somehow recognize the utter failure of his economic policies and seek new ideas and directions were dashed by his selection Monday of Princeton University economist Alan E. Krueger to succeed Austan D. Goolsbee as chairman of the Council of Economic Advisers. Krueger previously served as an assistant secretary of the Treasury under Timothy Geithner. Obama praised Krueger's work during the first two years of his administration, and said Krueger's chief task in the new job will be to help develop policy recommendations to get the stagnating economy growing again. Don't expect any new ideas from Krueger. He was among the architects of such ...
Nouriel 'Dr. Doom' Roubini: ‘Karl Marx Was Right’ [Full Thread]
Post Date: 2011-08-28 11:38:18 by lucysmom
59 Comments
Companies, Roubini said, are motivated to minimize costs, to save and stockpile cash, but this leads to less money in the hands of employees, which means they have less money to spend and flow back to companies. Now, in the current financial crisis, consumers, in addition to having less money to spend due to the above, are also motivated to minimize costs, to save and stockpile cash, magnifying the effect of less money flowing back to companies. "Karl Marx had it right," Roubini said in an interview with wsj.com. "At some point capitalism can self-destroy itself. That's because you can not keep on shifting income from labor to capital without not having an excess ...
Obama's Jobs Program
Post Date: 2011-08-24 12:43:33 by jwpegler
4 Comments
As the President suns himself at his $50,000 a week estate in Martha's Vineyard, the nation's economy continues to struggle, with new housing starts falling and delinquent mortgage payments on the rise. As he was leaving for his vacation, Obama promised to unveil a new "jobs program" when he gets back. Undoubtedly, it will be another Keynesian pump priming disaster, just like Obama's "stimulus", which will do nothing to help the economy. Keynesian economics should have been completely discredited in the 1970s. According to Keynesians and their Phillips Curve, you cannot have high inflation and high unemployment at the same time. Yet, this is exactly what he ...
Morning Examiner: Quake exposes Keynesian fraud
Post Date: 2011-08-24 10:17:53 by Happy Quanzaa
4 Comments
Mere minutes after the earth stopped shaking yesterday, The Examiner‘s Tim Carney tweeted out: “Krugman says it wasn’t big enough.” Carney was making light of New York Times columnist Paul Krugman’s faith in Keynesian economics, which preaches that when the economy is not utilizing all of its productive capacity, increased spending on anything, even digging ditches, can increase economic growth. Just like Krugman has been arguing that President Obama’s $821 billion stimulus was not big enough, Carney mockingly predicted that Krugman would also complain that the earthquake failed to do enough damage to justify a large rebuilding spending spree. Four hours ...
Gold retreats from record high above $1,900/oz (I feel sorry for the suckers who bought gold recently)
Post Date: 2011-08-23 09:21:16 by Godwinson
1 Comments
Gold retreats from record high above $1,900/oz (I feel sorry for the suckers who bought gold recently) By Jan Harvey LONDON | Tue Aug 23, 2011 7:22am EDT (Reuters) - Gold prices retreated more than 1 percent from record highs on Tuesday as a recovery in appetite for assets seen as higher risk, such as stocks, took the steam out of a rally that many saw as overdone above $1,900 an ounce. A hike in margin requirements for gold forwards on the Shanghai Gold Exchange also helped curb the precious metal's scorching rise.
Fight of the Century: Keynes vs. Hayek - Round Two (Economic Rap Music)
Post Date: 2011-08-20 16:19:15 by Hondo68
1 Comments
According to the National Bureau of Economic Research, the Great Recession ended almost two years ago, in the summer of 2009. Yet we’re all uneasy. Job growth has been disappointing. The recovery seems fragile. Where should we head from here? Is that question even meaningful? Can the government steer the economy or have past attempts helped create the mess we're still in? In "Fight of the Century", Keynes and Hayek weigh in on these central questions. Do we need more government spending or less? What's the evidence that government spending promotes prosperity in troubled times? Can war or natural disasters paradoxically be good for an economy in a slump? Should more ...
Stock futures signal another day of losses
Post Date: 2011-08-19 04:48:10 by Happy Quanzaa
1 Comments
(Reuters) - Stock index futures pointed to a sharply weaker open for equities on Wall Street on Friday, a day after the Nasdaq ended more than 5 percent lower and the S&P 500 slipped 4.5 percent on rising recession fears. Futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 were down by between 1.7 and 2.0 percent. Economic Cycle Research Institute (ECRI) releases at 10:30 a.m. EDT its weekly index of economic activity for August 12. In the prior week the index read 127.9. Bank of America is cutting 3,500 jobs this quarter according to an internal memo, as the biggest U.S. bank grapples with its $1 trillion problem-loan portfolio and growing economic concerns. ...
Obamanomics Report: US Jobless Claims Up, Gasoline Lifts Consumer Prices
Post Date: 2011-08-19 04:42:19 by Happy Quanzaa
0 Comments
US Jobless Claims Up, Gasoline Lifts Consumer Prices The number of Americans claiming new jobless benefits rose last week and consumer prices increased at the fastest pace in four months in July, highlighting the challenges facing the Federal Reserve. Initial claims for state unemployment benefits increased 9,000 to a seasonally adjusted 408,000, the Labor Department said on Thursday, above economists' expectations for a rise to to 400,000. Another report from the Labor Department showed the Consumer Price Index increased 0.5 percent in July, the largest gain since March, after falling 0.2 percent in June. That was above economists' expectations for a 0.2 percent gain. Gasoline, ...
As Chavez Pulls Venezuela's Gold From JP Morgan, Is The Great Scramble For Physical Starting?
Post Date: 2011-08-17 18:55:14 by Capitalist Eric
2 Comments
In addition to the nationalization of his gold insutry, Chavez earlier also announced that he would recover virtually all gold that Venezuela hold abroad, starting with 99 tons of gold at the Bank of England. As the WSJ reported earlier, "The Bank of England recently received a request from the Venezuelan government about transferring the 99 tons of gold Venezuela holds in the bank back to Venezuela, said a person familiar with the matter. A spokesman from the Bank of England declined to comment whether Venezuela had any gold on deposit at the bank." That's great, but not really a gamechanger. After all the BOE should have said gold. What could well be a gamechanger is that ...
DESTRO: Jesus is a big government tax and spend socialist [Full Thread]
Post Date: 2011-08-16 09:42:45 by Godwinson
51 Comments
Jesus is a big government tax and spend socialist.
Here is God saying so in his own words in the Bible:
In Genesis 41:33-36, God's via Joseph gives his advice to Pharaoh to tax and then spend and subsidize the economy in times of recession:
“Now therefore, let Pharaoh select a discerning and wise man, and set him over the land of Egypt. Let Pharaoh do this, and let him appoint officers over the land, to collect one-fifth of the produce of the land of Egypt in the seven plentiful years. And let them gather all the food of those good years that are coming, and store up grain under the authority of Pharaoh, and let them keep food in the cities. Then that food shall be as a reserve for ...
Big Government's Big Spending Has Boosted Inflation and Killed 3.5 Million Jobs
Post Date: 2011-08-16 00:35:30 by Hondo68
1 Comments
Rising prices are no surprise to anyone who has been following the actions of Ben Bernanke's Fed. Two rounds of "quantitative easing" injected more than $2.3 trillion into bank reserves, and thus to some extent into the economy. The more money chasing products and services, the more those products and services cost.Bernanke's thinking was that by pumping trillions into the financial system, he could spur lending, investing, and spending via lower interest rates, and thus goose the economy. But the strategy not only hasn't improved the economy, it has also had two major bad side-effects. Increased inflation is one side-effect, discussed below. But first, let's cover ...
Rob Johnson and Tom Ferguson on the Real Meaning of the S&P Downgrade and the Market Reaction
Post Date: 2011-08-14 11:32:43 by lucysmom
8 Comments
An Economic Lesson from Harry Truman
Post Date: 2011-08-13 13:51:28 by jwpegler
5 Comments
The appointment of yet another deficit commission, to make recommendations for reducing the programmed increases in our national debt over the next 10 years, demonstrates how dysfunctional the political has really become. President Obama appointed a bi-partisan deficit commission last year. In December, they came back with a modest proposal to reduce the planned increase in the debt by $4 trillion over the next 10 years. Obama should of went on TV, held the plan up, and told the American people that we need to do this to fix the economy. Then he should have dumped it in John Boehner's and Harry Reid's laps and focused like a laser beam on building support for it around the ...
Stocks Skid 3%, Led by Banks; Vix Surges 15%
Post Date: 2011-08-10 10:09:52 by Happy Quanzaa
2 Comments
Stocks extended their losses Wednesday to wipe out most of the previous session's sharp rally as financials led the decline amid jitters over the U.S. economy and the ongoing euro zone crisis. he Dow Jones Industrial Average plunged sharply, led by Disney [DIS 30.60 -4.10 (-11.82%) ] and BofA [BAC 6.95 -0.65 (-8.55%) ], after surging over 600 points in the final hour of trading in the previous session amid a heavily volatile session. The S&P 500 and Nasdaq also declined more than 3 percent. The CBOE Volatility Index, widely considered the best gauge of fear in the market, traded near 40. Click for Full Text!
Obama shuts up about Obamanomic crisis
Post Date: 2011-08-10 09:15:26 by Happy Quanzaa
3 Comments
White House goes mum on financial crisis The White House was tight-lipped Tuesday on the financial calamity gripping the global economy, just a day after President Obama vowed to "stay on it until we get the job done," inciting new criticism of the president for failing to seize the issue that will define his re-election campaign. Obama remained on the sidelines even as markets rebounded from a historic collapse, canceling an economic event in Springfield and the daily press briefing with reporters. Instead, Obama made an unexpected trip to Dover, Del., to view the return of 30 U.S. servicemen killed in Afghanistan. But the hush from the White House stood out to those ...
Economic Downturn and Bush Policies Continue to Drive Large Projected Deficits
Post Date: 2011-08-09 11:03:00 by lucysmom
17 Comments
Some lawmakers, pundits, and others continue to say that President George W. Bush’s policies did not drive the projected federal deficits of the coming decade — that, instead, it was the policies of President Obama and Congress in 2009 and 2010. But, the fact remains: the economic downturn, President Bush’s tax cuts and the wars in Afghanistan and Iraq explain virtually the entire deficit over the next ten years (see Figure 1). The deficit for fiscal year 2009 — which began more than three months before President Obama’s inauguration — was $1.4 trillion and, at 10 percent of Gross Domestic Product (GDP), the largest deficit relative to the economy since the ...
DOW DOWN 630%!!!
Post Date: 2011-08-09 08:47:51 by Happy Quanzaa
5 Comments
NBC News' Sharpton Reports: Dow Down 630%!
Treasury Prices Surge As Stocks Sell Off (Investors place money in Govt Socialism and not in private capital)
Post Date: 2011-08-08 16:35:33 by Godwinson
6 Comments
AUGUST 8, 2011, 2:42 P.M. ET Treasury Prices Surge As Stocks Sell Off; 10-Yr Yield Lowest Since Jan '09 By Min Zeng Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Investors continued to pile into the Treasury market for safety Monday and the huge buying sent benchmark yields to the lowest level since January 2009. Buying accelerated in the late-afternoon as U.S. stocks extended a selloff. Shares of U.S. big banks tumbled, led by Bank of America and Citigroup, underscoring heightened anxiety about the global economic outlook.
The Final Death (and Next Life) of Maynard Keynes
Post Date: 2011-08-07 10:54:50 by lucysmom
2 Comments
It’s of course a great privilege for me to be here in this role and especially on the occasion of the 75th anniversary of the publication of the General Theory. Two years ago, as you may recall, our profession enjoyed a moment of ferment. Economists who had built their careers on inflation targeting, rational expectations, representative agents, the efficient markets hypothesis, dynamic stochastic general equilibrium models, the virtues of deregulation and privatization and the Great Moderation were forced by events momentarily to shut up. The fact that they had been absurdly, conspicuously and even in some cases admittedly wrong imposed even a little humility on a few. One senior ...
S & P Downgrades U.S. Credit For First Time In History, Repeatedly Cites GOP Intransigence On Taxes
Post Date: 2011-08-06 11:28:29 by Godwinson
3 Comments
BREAKING: S & P Downgrades U.S. Credit For First Time In History, Repeatedly Cites GOP Intransigence On Taxes By Judd Legum on Aug 5, 2011 at 9:12 pm Reuters reports: “The United States lost its top-notch AAA credit rating from Standard & Poor’s on Friday, in a dramatic reversal of fortune for the world’s largest economy.” The new rating is AA+. In explaining their decision Standard & Poors cites both the decision by Republicans in Congress to turn the debt ceiling into a political football and the Republicans intransigence on tax increases. Some excerpts from the release: [...]The political brinksmanship of recent months highlights what we see as ...
The United States is Greece
Post Date: 2011-08-05 15:47:52 by Happy Quanzaa
1 Comments
It is now becoming clear that the world is headed into another financial crisis. There is now a growing list of countries facing serious problems and potential insolvency. Some nations such as France are now being added to the list; however among the worst is the United States. There has been much conversation that the United States is becoming Greece and in fact it is well on the road to passing that country as the most profligate and most dangerous to the global economy. In a recent American Thinker article by Steve McCann, a national insolvency index was promulgated which reveals those countries facing the worst crises and why. In essence the index is a combination of the annual budget ...
China says debt financing unlikely 'to save' US, EU
Post Date: 2011-08-05 14:55:48 by Happy Quanzaa
1 Comments
AFP - China said Friday that debt deals in the United States and in Europe would not be enough to save their economies and "concrete steps" must be taken to rebalance the global economy. "The only way the Americans have come up with to improve economic growth has been to take on new loans to repay the old ones," a blistering commentary published on the official Xinhua news agency said. "To eat May's grain in April, however, will never be a permanent solution to a problem," the report said. China warned on Wednesday that Washington's efforts to raise the US limit on borrowing had failed to defuse America's "debt bomb" and signalled that ...
Capitalism at the Guillotine
Post Date: 2011-08-05 12:45:52 by Godwinson
5 Comments
Capitalism at the Guillotine By ROBERT HUNZIKER Hard times always bring to surface questions about the sanctity and the viability of an economic system. The Ancien Régime, established in France from the 15th through the 18th centuries, failed when hard times hit because too many people felt the economic system’s sanctity and viability were skewed in favor of too few people. Queen Marie Antoinette may not have actually said, “Let them eat cake,” but this historical bit of triviality did not stop Henri Sanson from taking off her head before a crowd numbering tens of thousands; on the scaffold she accidentally stepped on his foot, and her last words were: ...
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