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File: Economy

Via The Weekly Standard concerning a new report from The Government Accountability Office (tell me that isn’t a fucking oxymoron) and Medicare fraud: In a newly released report, the Government Accountability Office (GAO) estimates that, in fiscal year 2010, $48 billion in taxpayer money was squandered on fraudulent or improper Medicare claims. Meanwhile, the nation’s […]

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At least one person in Portugal gets it. The New York Times: “This strike is completely absurd,” said Pedro Silva, 36, a biology teacher at a private school, who was forced to take a taxi to work. “The Portuguese have to understand that there is no money and if there is no money people have […]

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2010-11-01 :: madlibertarianguy // Dumbassery + Economy + Environment + Government + Stimulus
Ideological Stupidity

Charles Lane of The Washington Post concerning Obama’s ideological stupidity and electric cars in America: Yet, like a rural voter clinging to his guns, the Obama administration brushes aside the experts because – well, who knows why? Perhaps subsidizing electric cars helps a Democratic administration make corporate welfare and tax breaks for the wealthy seem […]

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2010-10-25 :: madlibertarianguy // Dumbassery + Economy + Europe + Government
Too Late

The New York Times on the French union strikes against raising the retirement age: But the determination of the protesters — and their dislike of Mr. Sarkozy — is forcing the hand of Mr. Chérèque, whose aides have privately expressed concerns about pressing the strikes too far and damaging the unions, by making them look […]

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2010-10-14 :: madlibertarianguy // Dumbassery + Economy
More Foot Stomping

Los Tiempos de Nueva York: Riot police clashed with protesting Culture Ministry workers barricading the ancient Acropolis on Thursday, using tear gas to clear the entrance to Greece’s most famous landmark. [. . .] Greece is in the midst of a tough austerity program which has cut public workers’ salaries and trimmed pensions in an […]

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2010-10-05 :: madlibertarianguy // Dumbassery + Economy + Europe + Government
Greeks Still Not Ready to See Reality

The New York Times concerning the Greek draft austerity budget: The Greek government, which this year has come under the tutelage of its euro-zone partners and the International Monetary Fund after it reached the brink of default, on Monday presented a draft austerity budget for 2011 that promised to raise more tax revenue while ending […]

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2010-10-02 :: madlibertarianguy // Dumbassery + Economy + Stimulus
lt Must Be Nice

It must be nice to be able to grade yourself and pass with flying colors despite reality. The Washington Post: The report, a copy of which was provided to The Washington Post, is one in a series of assessments prepared by Vice President Biden, who was charged with overseeing implementation of the stimulus money, the […]

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2010-09-29 :: madlibertarianguy // Dumbassery + Economy + Europe
Spoiled. Rotten. Brats.

Reuters: Tens of thousands of people marched through Brussels on Wednesday on a day of protests across Europe against government austerity measures, which unions say will slow economic recovery and punish the poor. Wwwwaaaaaaaaaaaaaaaa!!!! The government is going to stop giving us money that isn’t ours and that we didn’t earn. Rich people and corporations […]

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2010-09-28 :: madlibertarianguy // Economy + Government + health care + Legislation
Dude Kinda Has a Point

Though his rhetoric is the decisively pro-Republitard bullshit that keeps getting those fuckers elected, this dude kinda has a a point when discussing the Demotarded “blame it on Bush” meme it has hatched and nurtured over the past two years: So in that context, let’s just see what Bush and Republicans are to blame for… […]

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2010-09-18 :: madlibertarianguy // Dumbassery + Economy + Government
Poverty Level Way Up

“This is a sign that we need more government intervention (despite the fact that we’re spending more on the “War on Poverty™” than ever before)” in 3 . . . 2 . . . 1. Politicians don’t want to solve the poverty problem because they require poverty in order to continually increase the size and […]

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2010-09-08 :: madlibertarianguy // Dumbassery + Economy + Government + POTUS
That’s Señor Hopey McChangey For Ya

The American Spectator: Obama, we were told, was more self-reflective, substituting Bush’s coyboy swagger for sober introspection, which would allow him to admit error. However, with his political standing continuing to erode, President Obama is demonstrating the same type of intransigence that he once criticized in Bush. Instead of acknowledging that the $862 billion economic […]

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2010-09-04 :: madlibertarianguy // Dumbassery + Economy + Government
Too Little, Too Late

You’re a little late to the party, guys.The Washington Post: “We have managed to acquire $13 trillion of debt on our balance sheet,” he fumed to a roomful of voters. “In my view, we have nothing to show for it.” And that was a Democrat, Sen. Michael Bennet of Colorado, who voted “yes” on the […]

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2010-09-04 :: madlibertarianguy // Dumbassery + Economy + Government + POTUS
Gee…

Nothing can go wrong here, right?

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2010-08-23 :: madlibertarianguy // Dumbassery + Economy + Government
Back From the Dead

The New York Times on Cuomo, Clinton’s Housing Secretary (because the founders definitely put a proviso in to the Constitution that the federal government oversee fucking housing): And, in an effort to reverse decades of discrimination against blacks and Latinos, Mr. Cuomo pushed the government-sponsored banks, Fannie Mae and Freddie Mac, to buy more home […]

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2010-08-19 :: madlibertarianguy // Dumbassery + Economy + Government + Journalism
More Tax Language Trickery

The Times, again, bending reality to fit their narrative of tax cuts adding to government debt: Republicans say cutting taxes would ease millions of families’ financial difficulties while encouraging the creation of jobs. But tax cuts mean higher government deficits, and Thursday’s report illustrated that clearly, estimating that extending the entire Bush tax cut package […]

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2010-08-17 :: madlibertarianguy // Dumbassery + Economy + Government
What Housing Bubble?

The New York Times concerning Fannie and Freddie: The administration is still considering these and other options. The choice will reflect in large part a judgment about how hard the government should try to increase homeownership. Broader guarantees create greater risks for taxpayers, but also lower interest rates, bringing ownership within reach for more families. […]

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2010-08-17 :: madlibertarianguy // Dumbassery + Economy + Government
A Good Start

The Wall Street Journal on the national deficit: At $1.47 trillion, the federal deficit this fiscal year exceeds all defense and nondefense spending at Congress’s discretion by $110 million. In other words, lawmakers could eliminate the entire military, all federal education, agricultural, housing programs, federal prisons, the Central Intelligence Agency, Federal Bureau of Investigations, Coast […]

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2010-08-13 :: madlibertarianguy // Dumbassery + Economy
We Certainly Don’t

Fannie Mae: Who gives a shit that we are underwriting loans for people who may be taking on too much debt? We certainly don’t. I mean, it’s only taxpayer money.

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Austerity. Fucking. Works. Los Tiempos de Nueva York: Germany has sparred with its European partners over how to respond to the financial crisis, argued with the United States over the benefits of stimulus versus austerity, and defiantly pursued its own vision of how to keep its economy strong. Statistics released Friday will buttress the German […]

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2010-08-13 :: madlibertarianguy // Dumbassery + Economy + Government
Let’s Hope Not

The New York Times: Some lawmakers say that the current mood could be an aberration and that the spending pendulum could just as rapidly swing back. Let’s hope not.

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