Tag Archives: Economy

Chris Christie Still Isn’t Your Best Friend

Posted on February 4, 2013 at 10:23 am by Bob Cesca

I’m still hearing from liberals who say they would vote for him for president. And I always thought we were the smart ones, but clearly too many of us are either easily duped or we’re desperate to undermine our own … Continue reading →

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The Obama Bull Market

Posted on February 2, 2013 at 10:41 am by Bob Cesca

As Ashby noted yesterday, the Dow topped 14,000 for the first time since 2007 yesterday, and it’s a pretty big deal. Remember on Thursday when CNBC’s Rick Santelli was screaming about how we’ve become Europe? Yeah okay. Imagine for a … Continue reading →

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Socialism On Parade

Posted on February 1, 2013 at 3:30 pm by JM Ashby

The Dow Jones Industrial Average rose above 14,000 today for the first time since before the recession and the 2008 financial crisis, and numbers released by the Labor Department bested forecasts. The Dow Jones Industrial Average rose as much as … Continue reading →

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Liberty Gap

Posted on January 23, 2013 at 8:00 pm by JM Ashby

Sadly, this is almost a direct representation of reality. Or soon will be. Artist – Pat Bagley In other news, U.S. stocks hit 5 year highs today. Because socialism. Also — check out these mind-blowing photos of what happens when … Continue reading →

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Congress Votes to Suspend the Debt Ceiling

Posted on January 23, 2013 at 1:47 pm by Bob Cesca

TPM: The House passed a GOP bill suspending the debt ceiling until May 19 on Wednesday by a margin of 285 – 144. The bill now heads to the Senate. It includes a provision, touted by Republican leadership as “No … Continue reading →

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Socialism Has Come

Posted on January 17, 2013 at 2:00 pm by JM Ashby

via Bloomberg U.S. corporations’ after-tax profits have grown by 171 percent under Obama, more than under any president since World War II, and are now at their highest level relative to the size of the economy since the government began … Continue reading →

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Social Security Can Pay Full Benefits Through 2033

Posted on January 12, 2013 at 12:30 pm by Bob Cesca

And that’s if Congress and the White House does nothing to improve its longevity. This according to the CBPP and its response to an alarmist New York Times article. Every four years, an independent panel of distinguished economists, demographers, and … Continue reading →

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Shocker: California Raises Taxes, Has Budget Surplus

Posted on January 10, 2013 at 4:30 pm by JM Ashby

Nobody could have predicted that after California finally voted to raise taxes, the state would cure its budgetary ailments in a relatively short amount of time. Riding a wave of new tax revenue, California Gov. Jerry Brown on Thursday proposed … Continue reading →

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Government Shut-Down Fever! Catch It!

Posted on January 7, 2013 at 11:05 am by Bob Cesca

Newt Gingrich and other Republicans are once again talking about shutting down the government over the debt ceiling. You know, because it worked so well in the 1990s when it basically destroyed Gingrich’s speakership and significantly boosted President Clinton’s popularity. … Continue reading →

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From the Loopy Old Man News Desk…

Posted on January 7, 2013 at 9:39 am by Bob Cesca

Alan Simpson stated the semi-obvious over the weekend: that the fiscal cliff deal isn’t really a huge deficit-cutting measure. “This thing isn’t going to do anything, really,” Simpson said Sunday on “Meet the Press.” He said tackling the deficit will … Continue reading →

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