The Other McCain

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

Fear and Loathing in Thurmont: G-8 Summit Will Be 15 Miles From My House

Oh, I wouldn’t miss this for all the Euros in Athens! Thurmont ready for G-8 Summit, not worried about protests THURMONT, Md. – Eight leaders of the world’s largest economies will converge on Camp David this weekend for the 38th annual G-8 Summit, which will likely bring protesters from Baltimore and Washington, D.C. Caught in [...]

Bank Run in Greece = DJIA Rises?

Back in 2009, I started saying that U.S. economic policy was so far into uncharted waters that we’d reached that part of the medieval map where it says, “Here Be Dragons.” There was no precedent for what the Fed and the Treasury were doing, and any attempt to predict what came next was pure speculation because [...]

Silly AFP, Thinking BHO Will Hold To Any Prior View

by Smitty Watch this ad: Here is the WaPoo with some background: The House voted Wednesday to reauthorize the Export-Import Bank for another three years, permitting the agency to continue providing hundreds of millions of dollars in trade assistance to U.S. firms. Lawmakers approved the plan 330 to 93, easily surpassing the two-thirds majority needed [...]

You Say That Like It’s a Bad Thing

“François Hollande will strike fear into the hearts of the rich,” is the headline on a column by Nabila Ramdani in the British Independent. Permit me to suggest two likely results (a) some genuinely rich people will leave France, taking their wealth with them, and (b) a lot of the “rich” people in France won’t [...]

Ron Paul, Basketball Star? Watch Him Dribble Paul Krugman, Shoot 3-Pointer.

by Smitty This is just excellent. Ron Paul actually walks back his position in End the Fed, which is highly interesting. Krugman, you miserable eclownomist, just retire: “I don’t believe in monetary policies that perpetuate depression.” Yes, you do. Fool. via Red Alexandria

Obama’s One Success

He has singlehandedly solved our immigration problem! For first time since Depression, more Mexicans leave U.S. than enter Turns out, all you have to do is to destroy the potential for economic growth, and illegal aliens go home. If they were happy living in a corrupt Third World pesthole, why bother leaving Mexico? UPDATE: Ed [...]

Want America To Fail? Heed Van Jones

by Smitty An excellent video from Free Market America (a project of Americans for Limited Government). This is of Bill Whittle caliber:About the only turn left un-stoned here is the point that the Federal Reserve has been the source of $ to support the entire politics of failure. Moving from reality to the surreal, Hot [...]

Turbo-Tax Tim Does 3 Sunday Shows UPDATE: Geithner Praises Obama’s ‘Incredibly Effective’ Economic Policies

The Treasury Secretary is ubiquitous on Tax Day: ABC This Week: Timothy Geithner. NBC Meet the Press: Timothy Geithner; Rep. Michele Bachmann, R-Minn.; Sen. Kirsten Gillibrand, D-N.Y. CBS Face the Nation: Timothy Geithner; Sen. John McCain, R-Ariz. CNN State of the Union: Reince Priebus, chairman of the Republican National Committee; Reps. Carolyn Maloney, D-N.Y., and Cathy [...]

Santelli To Liesman: You Can’t Drink Yourself To Sobriety

by Smitty The title is a summary of Santelli’s point here: Santelli points out that there is no way to keep Zimbabwe Ben from quaffing away at his bottle of Jethro’s 120 Proof Market Fixer-Upper And Hinge Lubricant. Liesman asks, metaphorically, what else Zimbabwe Ben should drink, and Santelli repeats that the market is going [...]

The Con Science Of A Liberal

by Smitty Easter Sunday is probably inappropriate to use Paul Krugman as a punching bag. But it’s not a sin if Krugman does it himself, and this blog merely provides a communications path, is it? Here, Krugman attempts to go after Paul Ryan: In my next life I want to be a conservative policy scammer. [...]

Check Your Water Wings

by Smitty The National Debt Road Trip is about to get underway, in the nautical sense: Update: linked at

Don’t Blame The Class, Blame The School Of Thought

by Smitty Insty links Mark Steyn’s latest lamentation: But these comparisons tend to understate the insolvency of America, failing as they do to take into account state and municipal debts and public pension liabilities. When Morgan Stanley ran those numbers in 2009, the debt-to-revenue ratio in Greece was 312 percent; in the United States it [...]

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