Tag Archives: Economy

Chris Christie Still Isn’t Your Best Friend

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

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

Posted in Economy | Tagged , , | 8 Comments

Socialism On Parade

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

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

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

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

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

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

Posted in Economy | Tagged , , , | 20 Comments

Government Shut-Down Fever! Catch It!

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…

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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Job Growth Beats Expectations Again

There has been speculation that the economy may slow down slightly because of supposedly weak holiday sales, but numbers released by the Labor Department today surpassed expectations. Payrolls rose by 155,000 workers last month following a revised 161,000 advance in … Continue reading

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About that $4 Trillion Deficit

A quick word about this: The CBO determined Tuesday that the package, hammered out late Monday evening by Vice President Biden and Senate Minority Leader Mitch McConnell (R-Ky.), would — over the next decade — come with a $3.9 trillion … Continue reading

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The Next Liberal Freak-Out

Dean Baker in the Guardian: Given his track record, there is little doubt that President Obama can be trusted to make further concessions, possibly involving social security and Medicare, in negotiations on the debt ceiling. Oh well, at least we … Continue reading

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Further Context on the Fiscal Cliff Deal

Sullivan: And so you see that Obama’s re-election has meant the biggest increase in revenues to the federal government since 1968. That would not have happened under Romney. $600 billion in tax hikes, while protecting the tax cuts for the … Continue reading

Posted in Economy | Tagged , , , , | 19 Comments

In Spite of Reality, Liberals Claim Obama “Caved” on the Fiscal Cliff

My first column of 2013: For the first part of New Year’s Day, I thought the far-left “Obama caved” crowd would take the prize for the most insane political faction of the day considering how, as soon as a deal … Continue reading

Posted in The Daily Banter | Tagged , , , , , , | 9 Comments

House Republicans Killing the Deal

Here’s the latest. The Senate passed the deal last night. It included raising taxes on the top bracket (income of $400,000+) to the Clinton-era 39.6 percent. There’s $30 billion in renewed unemployment benefits (spending that will create $48.6 billion in … Continue reading

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The Deal

Here’s what it looks like as of late last night: Officials in both parties said the agreement would prevent tax increases at incomes below $400,000 for individuals and $450,000 for couples. At higher levels, the rate would rise to a … Continue reading

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President Cautions Against ‘Both Sides’ Meme

The president on Meet the Press: “The only thing I would caution against, David, is I think this notion of, “Well, both sides are just kind of unwilling to cooperate.” And that’s just not true. I mean if you look … Continue reading

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Quote of the Morning

“Republicans made every effort to reach the ‘balanced’ deficit agreement that the president promised the American people, while the president has continued to insist on a package skewed dramatically in favor of higher taxes that would destroy jobs.” John Boehner … Continue reading

Posted in Economy | Tagged , , , | 8 Comments

Spazzy White Guys in Lower Manhattan (and Chicago)

In the Mail Bag this week, I mentioned the freaks who control our financial system on Wall Street and how their instability often screws us all. Here’s a great example of the spazziest of the Spazzy White Guys in Lower … Continue reading

Posted in Economy | Tagged , , , , | 9 Comments