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Tagged: Economy

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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2010-08-12 :: madlibertarianguy // Dumbassery + Economy + TARP
No Data

Elizabeth Warren, chair of a panel designed to oversee TARP fund allocation, on how responsible the Treasury Department has been: The point we make forcefully in this report is that there were no data about where this money was going, no information about where this money was going [. . .] Why is it again […]

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2010-07-21 :: madlibertarianguy // Dumbassery + Economy + Government + Regulation
Finance Reform Bill Signed

Helene Cooper of The New York Times: The signature achievement — a response to the 2008 financial crisis that fundamentally alters the relationship between Wall Street and the federal officials charged with regulating it — is a culmination of two years of fierce lobbying and intense debate over how to deal with the financial excesses […]

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2010-07-19 :: madlibertarianguy // Dumbassery + Economy + Government
A Typical Federal Winner

We were told by Obama that if only we had more job training, people could get back to work.  Peter S. Goodman via The New York Times: It was February 2009, and the city work force center in Downtown Brooklyn was jammed with hundreds of people hungry for paychecks. His caseworker urged [Israel Valle] to […]

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2010-07-14 :: madlibertarianguy // Dumbassery + Economy + Government + Legislation + Regulation
The Next Financial Crisis

I wonder how long until I can use this link?

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Dan Balz via The Washington Post: The co-chairs of President Obama’s debt and deficit commission offered an ominous assessment of the nation’s fiscal future here Sunday, calling current budgetary trends a cancer “that will destroy the country from within” unless checked by tough action in Washington. Isn’t it comforting that it only took a specialized […]

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2010-07-11 :: madlibertarianguy // Economy + Journalism
A Question

I wonder when media outlets like the Times will exhibit of bit of intellectual honesty and journalistic integrity and stop calling our economic policy deregulated?

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2010-07-08 :: madlibertarianguy // Dumbassery + Economy
Unemployment Benefits = Laziness

Sara Murray via The Wall Street Journal concerning people on the dole turning down good job offers: Management Recruiters of Sacramento, Calif., says it recently had a tough time filling six engineering positions at an Oregon manufacturer paying $60,000 a year—and suspects long-term jobless benefits were part of the hitch. [. . .] Some candidates […]

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2010-07-01 :: madlibertarianguy // Economy + Journalism + Stimulus
Seriously? Part Dieux

Just when I thought that Paul Krugman couldn’t be any more full of shit, he proves me wrong time and again.  From a recent Opinion column in The New York Times: Around the world — most recently at last weekend’s deeply discouraging G-20 meeting — governments are obsessing about inflation when the real threat is […]

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Great.  Not only are lawmakers “doing something” in an attempt to fix what was messed up the last time they did something, but they’re doing it tense, tired, and trying to make a joke of a serious matter.

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2010-06-25 :: madlibertarianguy // Economy + Legislation
Incentive

I’m not saying that some people don’t need some help during down times, but perhaps this news might incentivize going out and finding a job rather than sitting at home even longer by extending unemployment benefits.  Again.  For the third, er, fourth time.

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2010-06-22 :: madlibertarianguy // Dumbassery + Economy
Po-ta-to or To-mah-to

Some will call it a warning shot across the bow of those eeeeeeeeeeeeeeeeeevil health insurance companies; those with a brain will call it Señor Hopey McChangey playing a pre-emptive game of CYA for what many know is an inevitable “side effect” of Obamacare.

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Unexpectedly?

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Lori Montgomery and Brady Dennis of The Washington Post on the rejection of yet more spending: The Senate effectively rejected a slimmed-down package of jobless benefits and state aid late Thursday, rebuffing President Obama’s call for urgent action to bolster the economic recovery. Sens. Ben Nelson (D-Neb.) and Joseph I. Lieberman (I-Conn.) voted with a […]

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2010-06-14 :: madlibertarianguy // Economy + Environment
I disagree

Deborah Gordon and Daniel Sperling in The Washington Post on why major oil corporations are ill suited to lead us to clean, alternative energy: Big Oil is fundamentally mismatched to the project of developing alternative fuels. The corporate culture and core competence of oil companies favor large, centralized investments; these conglomerates are skilled at building […]

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2010-06-09 :: madlibertarianguy // Legislation
We Still No Likey

After a couple of months, we still no likey.  In fact, we no likey even more than when ObamaCare was initially signed in to law.

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2010-06-09 :: madlibertarianguy // Economy + Government
Spend More, Grow Less

I have yet to understand how the Demotards justify the idea that in order to get government spending under control, it needs to spend more and put it all on the company credit card. Luca Di Leo via The Wall Street Journal: In several congressional hearings this year, Mr. Bernanke has warned lawmakers that U.S. […]

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2010-06-07 :: madlibertarianguy // Dumbassery + Economy + Government
Incentives Matter

Arthur Laffer via The Wall Street Journal: And it’s also simple enough for most people to understand that if the government taxes people who work and pays people not to work, fewer people will work. Incentives matter.

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2010-05-22 :: madlibertarianguy // Dumbassery + Economy
Is It Possible?

Is it possible that we might start to actually entertain the truth and stop fucking claiming that the economy is on the mend?

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