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The U.S. Debt Bubble Will Make Sub-Prime Mortgages Look Like a Picnic
No comments on The U.S. Debt Bubble Will Make Sub-Prime Mortgages Look Like a PicnicJust 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…
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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.…
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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,…
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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…
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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…
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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.”
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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…
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“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…
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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…
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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…