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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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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Jackie Calmes and Sheryl Gay Stolberg via The New York Times: President Obama on Saturday implored Congress to provide more aid to states and cities to blunt “the devastating economic impact of budget cuts” by local governments that imperil the jobs of teachers, the police, firefighters and other public employees. I’m not sure better proof […]

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It has been maintained by the terminally libertarded that our current economic crisis in America is because of deregulated “Free Market Failures” which has spurned on legions of Demotards screaming for government regulation of the financial sector.  But even as far back as 1999 our current economic woes which started with the housing bubble were […]

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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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Patrick McGeehan of The New York Times on the huge pay cut for Wall Street bankers last year: Now, an analysis of their pay has found that it declined more in 2009 than in any other year in the last eight decades — more even than in the years of the Great Depression. When those […]

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President Obama in a speech concerning apparent job growth in May: This report is a sign that our economy is getting stronger. Really?  That’s awesome! Tell me more.  Luca Di Leo of The Wall Street Journal: The U.S. economy added jobs in May at the fastest pace in a decade, but the gains were inflated […]

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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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Steven Muffson and Michael D Shear via The Washington Post: Allies of the president have argued for weeks that the administration should stop talking about BP, the oil company responsible for the spill, and instead tap into the public attention to the catastrophe in hopes of giving it at least some redemptive value in the […]

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I find it “interesting” that some people can seek money they otherwise couldn’t afford to repay, buy a house they otherwise could not afford to buy, stop making their payments claiming “self preservation”, then blame the lenders all while absolving themselves of any responsibility whatsoever.  David Streitfelt via The New York Times: A growing number […]

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