A wonderful video with a big hat tip to Gerard Van der Leun over at American Digest. ..bruce w..
Not so well, as it turns out (details over at Big Government). In the meantime, the Obama Administration continues to play games on “jobs created or saved”. ..bruce w..
Continue reading about How’s that trillion-dollar stimulus working out?
(Hat tip to Blue Crab Boulevard.) I certainly remember Democrats and the mainstream media (the same thing, really) ranting about the millions of jobs lost under Bush, not to mention the climbing deficits. Funny how quiet they are now. I’m not sure we will see unemployment under Obama get back down to the highest point [...]
You know, the massive stimulus that was absolutely necessary to keep unemployment from rising above 8.0%? Kind of missed the target, didn’t it?
Anyone want to guess what unemployment will be in November 2010? November 2012? I’m willing to bet $1000 that it won’t be down to 7.0% and 5.5%, respectively, as the Obama economic team [...]
Continue reading about So, how’s that trillion-dollar stimulus working out?
From USA Today:
The Obama administration’s $3 billion “cash for clunkers” program should be renamed “cash for gas-guzzling pickup trucks,” according to an Associated Press analysis of the data.
AP reports that for 8,200 deals — the most common — buyers traded in their old Ford 150 pickups for new Ford 150 pickups. Fuel economy for the [...]
When Robert Samuelson starts asking that question, it’s time to worry:
The idea that the government of a major advanced country would default on its debt — that is, tell lenders that it won’t repay them all they’re owed — was, until recently, a preposterous proposition. Argentina and Russia have stiffed their creditors, but surely the [...]
Cartoon by Nate Beeler at the Washington Examiner. And now from S. Weasel over at, well, S. Weasel:
On the road for the next few days; postings may be light. ..bruce w..
Wondering just where that $1.4 trillion deficit comes from? Veronique de Rugy over at the Corner at National Review Online presents the breakdown:
To be sure, the recession caused lower than expected tax revenue — $419 billion lower. But the bulk of the deficit is made of spending. A lot spending since it amounts to a [...]