Category Archives: Economics BS

VIDEO: CHARLES KRAUTHAMMER CALLS OBAMA “PATHETIC” ON DEBT PROBLEM

Krauthammer points out that this is one of the most crucial moments in American history and the President is voting “present”:
He hasn’t had this issue of debt on the table for two and a half years … he’s done absolutely nothing on this. And even today, after the gyrations in the market and after the […]

HSIEH ON THE DOWNGRADE: DEMS DECIDE TO SHOOT THE MESSENGER

Paul Hsieh has, in his latest contribution to Pajamas Media, found the perfect metaphor for the creepy reaction of the Democrats to the downgrade caused by their irresponsible policies:
Suppose you saw your doctor for a persistent headache. After performing a full battery of tests, he told you that your MRI scan showed a malignant brain tumor. Would you (1) […]

VIDEO: HOW POOR ARE OUR POOR? NOT VERY.

The rich are getting richer and the poor are getting poorer, right? Wrong. Forget the BS you hear from the “news” media and the Democrats, the poor are getting richer. In fact, America’s poor are absurdly rich compared to most humans alive today, and they are arguably better off than the elites of prior eras:

DID OBAMACARE CAUSE THE DOWNGRADE?

In my most recent column for the American Spectator, I wrote that ObamaCare is at least partially to blame for the high unemployment rate. While the voters made it obvious that we wanted the President and Congress to abandon their fixation on health care and focus on jobs, we were ignored. Thus, unemployment has hovered around 9% for […]

VIDEO: OBAMA VERSUS OBAMA ON WHO OWNS THE ECONOMY

Back in 2009, Obama was feeling pretty cocky about fixing the economy and said it was a job he gladly accepted. This video shows a July 2009 speech in which he says the following:
We have to get the economy back on its feet. That’s my job, and it’s a job I gladly accept … I welcome the […]

WHAT RECOVERY?

If there is anyone out there actually naive enough to believe our economy is in the midst of a recovery, I recommend the following chart:

I also recommend that you don’t talk about the “recovery” to the unemployed people represented by the chart unless you are out of their reach.
[ht AmSpecBlog]

VIDEO: CAPITALISM FOR DUMMIES

One of the most profound ironies of our era is that many of the people who live and die by the internet, the “netroots” for example, spend much of their time trashing the very economic system that provided them with the technology and the discretionary time to do so. This video explains it in terms even a progressive […]

UNEXPECTEDLY SHOVEL-READY

Doctors Paul Hsieh and Milton Wolf have a couple of good columns that compliment one another well. The latter points out the inconvenient reality that the President’s economic policies are shovel ready:
In 1932, President Hoover received a letter from a man in Illinois that read simply, “Vote for Roosevelt and make it unanimous.â€? Based on […]

VIDEO: THE TRUTH ABOUT OBAMACARE

Sally Pipes, health care policy expert and former Canadian, explains the ugly facts of life under ObamaCare.  It comes down to this: “Access to a waiting list isn’t access to care.” This must see video is from the May 14, 2011 “Doctors Town Hall,” held in Costa Mesa, California:

[ht Paul Hsieh]

OBAMA ON DRUGS

My latest column for the American Spectator takes a closer look at the President’s harebrained scheme to “control costs” by making Granny skip her meds. He wants Medicare to negotiate (i.e. dictate) prices to the drug companies:
Like all price-control schemes, this would inevitably lead to shortages. If Medicare forces the drug companies to sell their products at rates […]