My piece on Munchausen’s Syndrome By Proxie is up at Pajamas Media (I wrote it a couple weeks ago, but Iran had kept it off the front page, and I have a feeling it will be relevant for a long time, unfortunately).
The economic crisis was not caused by the free market. We didn’t have a free market. But the Democrats got themselves into power propelled by this ongoing lie.
So NASA management’s defense of Ares 1 will be that if you don’t let us waste incredible amounts of money it will force us to waste stupendous amounts of money
I doubt if they see it that way, but that’s what it is.
As the veteran of a brutal San Francisco home-buying odyssey, there’s no denying the appeal of a place where desperate Realtors sometimes offer up houses by the dozen. But this is more than a quest for cheap housing. I have an almost unhealthy attachment to Flint. I want to do something—anything—to help my hometown. Maybe a “summer place” in what has been ranked one of America’s most depressing cities can pump a little life into the local economy. And I fear that after 15 years in San Francisco—sometimes described as 49 square miles surrounded on all sides by reality—I’m losing touch with my roots, drifting uncomfortably far from the factory town my grandparents moved to at the turn of the 20th century.
How do I know this? Sometimes I fret about the high price of organic avocados. After growing up driving a Buick Electra 225, I now own a gutless four-cylinder Toyota Camry. And then there’s the fact that I’m so jittery in the place where I grew up that I’m sleeping with a bat.
There are some good neighborhoods there still, I think, it’s close to recreation up north (though Saginaw and Bay City more so) and it’s cheap living, if you can work from anywhere. Of course, you could even live up north (though the winters are tougher there than southeast Michigan). On the other hand, there are the Michigan taxes…
Obama wagered that the deluge of money coming from the Federal Reserve would do the heavy lifting as far as stabilizing the financial sector and keeping the already apparent recession from turning into a real disaster. Voters would, thus, continue to support his policies to assert more government control over healthcare, heavily regulate energy through a costly cap-and-trade program and further intervene into the financial industry.
The gamble appears to have failed miserably, both economically and politically. The terrible tale of the tape: a) the current downturn is arguably the worse since the Great Depression; b) household wealth has fallen by $14 trillion during the past two years, including the first quarter of 2009; c) while the economy may not shrink as much this quarter as it did in the previous three months (-5.7 percent) or the final quarter of 2008 (-6.3 percent), unemployment is soaring; d) Obama himself said the jobless rate will hit 10 percent this year; d) even worse, the Federal Reserve sees it approaching 11 percent next year. (Recall, that the original White House economic analysis of the Obama economic plan never saw unemployment exceeding 8 percent if Obamanomics was passed by Congress.)
While I don’t mind him failing, since his policy goals are disastrous, I’m furious that it’s wrecking the economy anyway.
It doesn’t look like 1930 here (at least yet), but it does most everywhere else. I hope, as noted there, that at least we’ve learned some lessons from the past over there, even if the current White House longs for a return to the Depression.
A horror story from Canada. And of course, it if weren’t for the fact that they can fall back on their friends south of the border, it would be even worse.
But don’t worry, when it comes to socialism, now that The One is in charge, we’ll make the Canadians look like pikers.