Category Archives: Business

The Coming Depression

A cheery interview with Vox Day:

The dirty little secret of politics is that most politicians are of barely above average intelligence and possess very narrow educations. They’re mostly people with IQs of around 120 and a law degree. So, they know literally nothing about economics and lack the capacity to see that what the experts are telling them doesn’t add up. Given those circumstances, it should come as no surprise that they so readily embrace the economic theory that tells them exactly what they want to hear. “Go, thou, and spend, and thus shalt the economy be saved. And lo, thou shalt be the savior of thy people!” That’s a lot more palatable than being told that the nation is in dire straits and their careers are in jeopardy due to the actions of their predecessors, and that there’s not much they can do about it. So, they listen to the self-interested parties and blindly go about making the situation worse.

I think that he overestimates the intelligence of the narrowly educated lawyer/politicians. Particularly the one in the White House.

An Oil-Spill To-Do List

I’m sure that the president will get right on it, just as soon as he finishes his latest round of golf.

You know, I’ll bet that Bobby Jindal hasn’t hit the links once in the past couple months.

One of the most insane things is the EPA not allowing the ships to clean the water, because they only remove ninety-plus percent of the oil. This is bureaucracy run amok. The president could fix it with the stroke of a pen. I wonder why he doesn’t?

Jim Moron

The Virginia Congressman, just having beamed in from some other planet, says “the economy has recovered“:

In fact, in the last six months more jobs were created than Bush was able to generate in eight years, Chris. People don’t understand that, the economy has recovered.

Guess he picked a bad week to keep huffing glue.

Meanwhile, back on Planet Earth, Rick Santelli goes off on another righteous rant, and says to “stop spending.”

Here’s to that. Hope it stirs the folks up again, though he should have waited until closer to November. Of course, I suspect there’s plenty more where that came from.

Just A Coincidence, I’m Sure

Stimulating:

Since the beginning of the recession (roughly January 2008), some 7.9 million jobs were lost in the private sector while 590,000 jobs were gained in the public one. And since the passage of the stimulus bill (February 2009), over 2.6 million private jobs were lost, but the government workforce grew by 400,000.

I think it’s exactly what they wanted to happen. Have to keep those public union people employed so they can keep providing the campaign cash. Especially when they can pass laws to shut down the opposition.