The more information that emerges about the oil spill, the more it looks to be a government induced problem, and not solely a matter of corporate irresponsibility (though I suspect that the likes of MSNBC and CNN will still spin it that way).  Neil King Jr. and Keith Johnson via The Wall Street Journal: BP […]

Comments Off on WSJ: BP Relied on Faulty U.S. Data  » Read the rest

A very long and impeccably researched expose on the Deepwater Horizon explosion and the immediate efforts to pinch the leak shows two very undeniable facts: Though people would blame “deregulation” for the oil leak, it wasn’t that there were not more than enough regulations that might have kept the explosion and resulting spill from happening, […]

Comments Off on The New York Times: Regulators Failed to Address Risks in Oil Rig Fail-Safe Device  » Read the rest

Awesome!  Buying local food is not always financially viable, so let’s fund it with a federal program.  Lyndsey Layton in The Washington Post concerning the federal government’s new program to fund mobile slaughterhouses to promote the Obama agenda of buying locally grown food: When Kathryn Thomas wanted to turn her sheep into lamb chops, the […]

Comments Off on More Agenda Financing  » Read the rest

Apparently, Obama is back to thinking he’s fucking El Supremo.  Robert Gibbs, Press Secretary of the White House, in a NPR interview on using executive strong-arming with BP: Mr. GIBBS: Steve, I’d say we’re working on that with a whole host of entities. The point of this is to create, if need be through the […]

Comments Off on At It Again  » Read the rest

F.U.C.K. The federal government.  Of all of the people on earth who deserve to be left alone by government, it’s the goddamn Amish.  Sindya N. Bhanoo of The New York Times: But farmers like Mr. Stoltzfus are facing growing scrutiny for agricultural practices that the federal government sees as environmentally destructive. Their cows generate heaps […]

Comments Off on Apparently the Amish Aren’t Environmentally Sound  » Read the rest

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 […]

Comments Off on In This Case, Foresight Was 20/20  » Read the rest

An anonymous editorialist in The Wall Street Journal: In the better economic textbooks, regulatory capture is described as a “government failure,” as opposed to a market failure. It refers to the fact that individuals or companies with the highest interest or stake in a policy outcome will be able to focus their energies on politicians […]

Comments Off on Regulatory Capture Sauce  » Read the rest

Zachary A. Goldfarb of The Washington Post: At the same time, regulators offered a prescription aimed at curbing excessive market volatility. The Securities and Exchange Commission announced that in coming weeks it would require that exchanges pause trading in a stock if it declines more than 10 percent in any five-minute interval. Will the government […]

Comments Off on If Only We Regulate More  » Read the rest

Eric Lichtblau of The New York Times: If President Obama has his way, loans at auto dealers would be put under the purview of a new federal consumer protection authority to guard against fraud and abuse. The prospect of increased regulations, Mr. Berscht said, “could force us out of the financing business,” and it has […]

Comments Off on Creating More Friends Through Regulation  » Read the rest

Robert Pear via The New York Times: Insurers and insurance regulators say that some companies will be unable or unwilling to meet the new standards. Somehow I get the feeling that this was the point of ObamaCare all along.

Comments Off on The Plan All Along  » Read the rest