The Other McCain

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

Obama Adviser on Solyndra: ‘Ugh’

Congressional investigators got hold of some e-mails between Obama administration officials about the Solyndra deal, and White House adviser Stephanie Cutter’s one-word summary — “Ugh” — gets the headline treatment from Zeke Miller at Buzzfeed. Y’know what I’m noticing about that e-mail, though? It was CC’d to President Obama’s campaign strategist David Plouffe. Kinda interesting. Anyway, […]

Tax Cuts Are Not ‘Spending’

Another reminder that they don’t teach economics at Harvard Law: “Republicans in Congress and their nominee for President believe that the best way to create prosperity in America is to let it trickle down from the top,” said Obama. “They believe that if our country spends trillions more on tax cuts for the wealthy, we’ll […]

‘Abysmal Failure’

That’s how the 2008 TARP bailout is described by Neal Barofsky, the former special inspector general (“SIGTARP”) who was responsible for investigating how the funds were spent. Did you know, for example, that the Treasury Department still owns 61% of the “too-big-to-fail” insurance giant AIG, and that bailout recipients still owe taxpayers more than $100 […]

Spain’s Woes Fuel U.S. Stock Slide

After opening down more than 200 points today, the Dow Jones Industrial Average has now stabilized at around 12,700 — about 130 points down — as of 1 p.m. Eastern. The Dow has lost more than 500 points since its May peak of 13,279, and the ongoing European debt crisis is to blame: Fresh crises […]

‘You Didn’t Lose Your Job. Somebody Else Made That Happen.’

And by “somebody else,” I mean, Barack Hussein Obama: U.S. jobless claims jumped 34,000 to 386,000 last week, the government reported Thursday, reflecting typical summertime fluctuations in auto-industry employment. Applications for unemployment benefits are now back to somewhat elevated levels after falling two weeks ago to a four-year low, suggesting the labor market remains sluggish. […]

Ruh-Roh: Massive International Bank Scandal May Involve Tim Geithner?

Just now watched James Rosen on Fox News explaining this to Jenna Lee and — despite the eye-glazing intricacies of the financial details involved — recognized it as a potentially major scandal: Years before the Libor scandal ripped through the financial industry, Timothy Geithner sent a memo to the Bank of England calling for a […]

Federal Bureaucracy: Doomsday Machine

by Smitty Echoing VodkaPundit’s rejection of Star Wars (I have never esteemed it above mildly entertaining space opera, myself) we’re going reaching back to Denny Crane’s old show for a metaphor to mock Politico’s risible title: “Southern governors secede from Medicaid” Wow, what an absurd headline. Really shameful. politi.co/OYZXzs — Lachlan Markay (@LachlanMarkay) July 11, […]

Good News: The Libor Scandal Is A Purely European Problem

by Smitty Zero Hedge is on about the Libor scandal as though it was a deal of Biden-esque proportions. Robert Reich is shocked, SHOCKED! at this turn of events: Suppose the bankers are manipulating the interest rate so they can place bets with the money you lend or repay them – bets that will pay […]

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