The Other McCain

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

Democrats to America: ‘Sucks to Be You!’

“Did you get an 8% salary increase this year? I don’t think I know anyone who did. Then again, I don’t know anyone who works for President Obama. They have it really good, even better than they had it last year . . .”

French Plan for Greek Crisis Won’t Work

The stock market surged last week after France announced a plan for French banks to roll over some maturing Greek bonds, thus helping avert default. But now credit rating agencies have had a chance to read the fine print on that plan and aren’t liking what they see: Greece risks being judged in default on its debt […]

Labor Unions Kill Jobs. Period.

Sean Higgins of Investors Business Daily reports: The business world is abuzz over the National Labor Relations Board’s complaint vs. Boeing’s new South Carolina production line. For NLRB critics, the case boils down to one thing: “right-to-work” laws. Right-to-work states have generally lower unemployment, higher job growth, lower taxes and better business climates. They have […]

Greeks Riot as Parliament Approves Budget Cuts to Avoid Debt Default

Financial markets breathed a sigh of relief Wednesday after the Greek parliament approved an austerity plan needed to avert default on the nation’s debt: The Dow Jones Industrial Average rose 72.73 points, or 0.60%, to 12261.42, capping the blue-chip measure’s biggest three-day gain since March. . . . Stocks have swung up and down for […]

VIDEO: Hey, the Economy Sucks

In this Bloomberg TV interview, Mark Vitner, senior economist at Wells Fargo Securities, doesn’t really have any good news and says he expects housing prices to decline another 7% in the next year: By the way, I’m not a big fan of using “consumer confidence” as an economic indicator, as if mere mood were a […]

VIDEO: Violent Riots Break Out in Athens as Greek Parliament Faces Key Debt Vote

Here is raw video of today’s riots in Athens: Greece has no alternative to passing the austerity plan if it wishes to prevent default on its debt, Reuters reports: Anti-austerity protests turned violent in Athens on Tuesday as the European Union warned Greek lawmakers the country faces immediate default unless they back an unpopular economic […]

Happy Anniversary, ‘Recovery Summer’

VIDEO: Greek Meltdown?

Here are a couple of video reports from EuroNews about this week’s big economic question: Can Greece deal with its debt crisis or will default trigger a global economic meltdown? At the Hot Air Green Room: The good news, such as it is: French banks have reportedly agreed to a plan to roll over Greek […]

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