The Other McCain

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

Obamanomics: The Predictable Suckage

Ed Morrissey at Hot Air: “If the US economy got off to a bad start in 2011 with a 1.8% GDP annualized growth rate, the start of the second quarter looks like it might be worse. The Commerce Department reported this morning that durable goods orders fell 3.6% in April after a 4.4% increase the […]

The New N-Word: ‘Food Stamps’

According to David Gregory of NBC News, it is “coded racially-tinged language” to mention the increased use of food stamps under President Obama’s economic agenda: “You want to be a country that creates food stamps, in which case frankly Obama’s is an enormous success. The most successful food stamp president in American history. Or do […]

Obama Lies About Unemployment

Just flat-out makes up “facts” during a town-hall meeting on the economy in D.C. hosted by CBS News: “The reason the unemployment rate is still as high as it is, in part, is because there have been huge layoffs of government workers at the federal level, at the state level, at the local level . […]

How Not to Fix Your Economy

“Greek labor unions were planning a general strike and a mass protest on Wednesday against the country’s economic austerity measures.” The labor unions, which have done so much to wreck the Greek economy, are now fighting against efforts to repair the damage. It’s like Wisconsin, really.

Housing Market Plummets Unexpectedly?

Is this the hope or the change? Home values posted the largest decline in the first quarter since late 2008, prompting many economists to push back their estimates of when the housing market will hit a bottom. Home values fell 3% in the first quarter from the previous quarter and 1.1% in March from the […]

Obama’s ‘Food Stamp Recovery’

The president’s government-oriented approach to economics is an obvious disaster as policy, but it’s also bound to be a political disaster for Obama: This has been the worst economic recovery in generations, at least as it is felt by the average American.  . . . Read the whole thing, which has a lot of empirical […]

Bubble Bursts? Wall Street Tumbles, as Silver Prices Slump on Margin Hike

DJIA . . . . . . 12,584.17 –139.41 (-1.10%) S&P . . . . . . 1,335.10   –12.22 (-0.91%) NASDAQ . . . 2,814.72  –13.51 (-0.48%) The headline this morning was another one of those “unexpected” bits of bad economic news: Jobless Claims in U.S. Unexpectedly Jump Due to Anomalies What’s up with that? […]

Uganda: Inflation Sparks Riots

A 3.8% inflation rate is enough to make Americans complain about rising prices. Now imagine 14% inflation in Uganda — a much poorer country — and you have a formula for political disaster: KAMPALA, Uganda — This capital city was brought to a virtual standstill Friday as angry protesters set up roadblocks, setting them ablaze […]

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