Tag: Stimulus
-
The U.S. Debt Bubble Will Make Sub-Prime Mortgages Look Like a Picnic
Just how bad is the U.S. debt problem? Jim Manzi spells it out at The Corner: … we are sitting on the mother of all bubbles. Many, probably most, Americans anticipate a stream of consumption that will be provided for them into old age by the government (i.e., other taxpayers). Unfortunately, most American taxpayers do […]
-
A Scary Road Ahead for the U.S. Economy
In the midst of the coverage this past week of the various pathologies of Muammar Gaddafi, the Wisconsin legislature and Charlie Sheen, some of the most ominous news was largely overlooked. Pacific Investment Management Co. (Pimco) confirmed that billionaire Bill Gross, manager of the world’s largest bond fund, had completely eliminated U.S. Treasury Bonds from […]
-
Financial Services “Reform” to Complete Obama’s Tragic Trifecta
ObamaCare is such a train wreck that Americans support repealing it by a 2-1 margin. Don’t even get me started on the wasteful and dishonest Porkulus bill. And now comes yet another 2,000-plus page bill, a financial services "reform" measure that does a lot of things — but fails to address the actual causes of the financial meltdown that began nearly two years ago and has us staggering still.
-
A Disgraceful Vote for “Reform” in the Middle of the Night
The final vote is now scheduled for 7 p.m. on Christmas Eve, when the Web Goddess and I will be dining with friends at their home and preparing for church. As with Porkulus, the Democrats are pushing for action now now now now now because they know that the more people learn about the bill, the less popular it will be.
-
Revisiting Cash for Clunkers
The Wall Street Journal has just labeled the Cash for Clunkers program "one of Washington’s all-time dumb ideas." (Hyperbole, of course — no program costing a "mere" $3 billion could possibly qualify for the all-time dumb list.)
-
Is Pro-Obama News Coverage Hurting ObamaCare?
"While the press often has acted as an early-warning sign for troubled presidential initiatives, the press corp did not perk up until the public was in open rebellion."
-
Kudlow Supports A.T.I.N. on Clunkers
For days after conveying the coveted All That Is Necessary Seal of Approval on the Cash for Clunkers program, I’ve watched a parade of conservative commentators weigh in against it. Some of the critics were straining too hard to find a way to bash a Democratic initiative, but there were enough substantive concerns that I […]
-
“Porkulus” Was a Travesty, but “Cash for Clunkers” is Kosher
I wasn’t aware of the “Cash for Clunkers” program until today, when they started talking about ending it prematurely because it was running out of money. I’m not in a position to take advantage of the program personally, but I’m glad that it looks like Congress will add more money to it. I think the […]
-
Time May Have Expired for Obama’s “Crisis=Opportunity” Tactics
A few weeks after the November election, incoming White House Chief of Staff Rahm Emanuel famously said “You never want a serious crisis to go to waste. And what I mean by that is, an opportunity to do things that you think you could not do before.” Things like ramming through a mammoth “stimulus” bill […]
-
It Didn’t Work the First Time, So Now: Porkulus II
At The American, the Journal of the American Enterprise Institute, Phil Levy writes: As unemployment rises ominously toward 10 percent and the economy continues to appear listless, leading economic voices have begun to call for a second fiscal stimulus. The first stimulus was controversial among economists; it seemed to discard a great deal of what […]