The Other McCain

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

Three Axis Of Fedora Amigos

by Smitty We got together for a bite several weeks back, and finally got a picture of the three of us in the hats: So, left to right, that’s me, Stacy, and the Wombat. This should help them identify us when we’re hauled off to Room 101.

Alex Pareene Shocked To Learn That Rational Americans Think Him Daft

by Smitty “Americans shocked to learn that there isn’t actually a Social Security crisis” I guess we can view this assertion as somehow valid to the extent that, say, Terri Shiavo was arguably not in a crisis, either. But truly: Despite the staggering popularity and undeniable success of Social Security, a lot of political figures […]

FORMER NYC MAYOR ED KOCH DIES

The New York Times: Edward I. Koch, the master showman of City Hall, who parlayed shrewd political instincts and plenty of chutzpah into three tumultuous terms as mayor of New York with all the tenacity, zest and combativeness that personified his city of golden dreams, died Friday morning at age 88. More reaction at Memeorandum. […]

Chuck Hagel’s Very Bad Day

Hagel delivers shaky performance — The Hill Hagel Pleads Ignorance: “I have a hard enough time understanding American politics, I certainly don’t understand Iranian politics.” — Ace of Spades HQ Chuck Hagel’s Ill-Received Performance Puts Confirmation In Flux — BuzzFeed Is Chuck Hagel Failing? — National Journal Wow, he stunk it up in that confirmation […]

Zero Hedge Lays It Down, Mead Sort Of Picks It Up

by Smitty For most of the past four or five years, I have spent the majority of my time studying the dominant forces that fuel the power structure that exists in these Unites States today, and indeed throughout the world.  My education began quite suddenly and unexpectedly in the middle of the last decade when I […]

‘Shut Up!’ The Modern Monetary
Theorist Explained

by Smitty Essentially, there are four preconditions in Modern Monetary Theory: Money enters the economy through government spending, as the total amount of money is constrained not by gold but by the total output of the national economy; Government spending is speculative as it prints as much money as it needs to control production and, […]

If You Don’t Think ‘Jailbait Hookers’ Is Headline News, You Don’t Know News

When the major news networks ignored the FBI raid on the Miami doctor who bankrolled Sen. Robert Menendez’s trips to the Dominican Republic, I was frankly stunned. No matter how liberal your bias may be, the allegation that Menendez was banging underage hookers during his Caribbean expeditions is irresistible as news. There is nothing in […]

What A Lucid Politician Sounds Like

by Smitty Senator Coburn states flatly that the debt ceiling hike is coming, unstoppably, describes the impending debt spiral. He the ventures into the output of the Department of Superfluous Redundancy Department. I think Senator Coburn refers to the report linked here. What Senator Coburn doesn’t seem to understand is that homo bureaucratus is achieving […]

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