Tagged: economy Toggle Comment Threads | Keyboard Shortcuts

  • just a conservative girl 7:22 AM on 10/18/2012 Permalink | Reply
    Tags: , economy, ,   

    Because This Point Can’t Made Enough – High Gas Prices are a Sign of Good Economy According to President Obama 

    “the economy was on the verge of collapse.”

    Is the reason that the average price of gas on the day he became president was $1.89.

    The “verge” of collapse actually happened before the election.  Things were stabilizing a bit by the time January came rolling around.

    So I guess if gas prices reach $10/gallon the American people will be doing “just fine”.

    • SignPainterGuy 12:57 PM on 10/18/2012 Permalink | Reply

      “……… will be doing ‘just fine’ “. Yep, we`ll be steam rolling along all right, but we`ll be stuck to the rollers ………. feelin` a bit flat !

  • just a conservative girl 11:27 AM on 06/15/2012 Permalink | Reply
    Tags: campaign shirts, economy,   

    Romney Campaign Selling “Doing Fine” T-Shirts 

  • just a conservative girl 7:28 AM on 06/13/2012 Permalink | Reply
    Tags: economy, , ,   

    “Lost Focus” New RNC Ad – Video 

    I have to say, the RNC is getting better at this.

    • A.Men 8:13 AM on 06/13/2012 Permalink | Reply

      Love it. Proud of Romney’s bunch. Pleasantly surprised at the great race Romney is running! Love Ann.
      God Bless Romney and his family!

    • SignPainterGuy 6:48 PM on 06/13/2012 Permalink | Reply

      I`m still not ready to take Team Romney`s conservative creds to the bank, but I am pleased with his recent attack Obama mode. I mean, the ads are writing themselves !

      Obama`s focus on jobs has from very early on been called “laser-like” and as we know, lasers are destructive tools, so it just stands to reason that someone with the overall ineptitude of Obama and the dems who support his agenda would be using that focused laser to kill as many private sector jobs and the rest of the struggling economy as possible !

    • Don 9:01 PM on 06/14/2012 Permalink | Reply

      Yes, the GOP is getting better, and thankfully, Obama does kinda make it easy.

  • just a conservative girl 1:44 PM on 06/10/2012 Permalink | Reply
    Tags: , economy,   

    “Doing Fine” Comments Still Hurting the Obama Camp – Alexrod Not Helping the Cause 

    • SignPainterGuy 1:56 PM on 06/10/2012 Permalink | Reply

      I couldn`t take it beyond 10 seconds, sorry. Axlegrease is such an uberliberal, never answering questions as asked and such a weasel. Only the gov. is doing “fine” !

    • iainswife 3:26 PM on 06/10/2012 Permalink | Reply

      All the flopsweat must be freaking them out, Axelrod has soooo much pancake on.

    • Don 12:18 AM on 06/11/2012 Permalink | Reply

      His mustache creeps me out, too 1940s Germany. If you get my meaning…

      • SignPainterGuy 12:31 AM on 06/11/2012 Permalink | Reply

        More “pornstache”, like Holder !

  • just a conservative girl 7:01 AM on 06/10/2012 Permalink | Reply
    Tags: economy, employment, ,   

    Stat of the Day – Doing Fine Edition 

    Private-sector jobs are still down by 4.6 million, or 4%, from January 2008, when overall employment peaked. Meanwhile government jobs are down just 407,000, or 1.8%. Federal employment actually is 225,000 jobsabove its January 2008 level, an 11.4% increase. That’s right, up 11.4%.

    I suppose when you are President Obama and you believe that the government is the provider for all things, the private sector is “doing fine”.

    You see the state governments are not cooperating and hiring more.  Bad Governor’s, bad.  That is the problem.

    • A.Men 8:12 AM on 06/10/2012 Permalink | Reply

      celebrity President-In-Name-Only cannot borrow or print enuf money to buy his re-election for Party hearty-In-Chief

  • just a conservative girl 2:38 PM on 05/05/2012 Permalink | Reply
    Tags: economy, ,   

    Headline of the Day 

    Obama Hasn’t Found His Message On The Economy


    Gee, I wonder why.

    • SignPainterGuy 5:11 PM on 05/05/2012 Permalink | Reply

      Expecting Urkle to ask, “Did I do that ?” would be too contradictory to his long standing, “It`s Bush`s fault !” meme !

      • Kdaunt 8:59 AM on 05/06/2012 Permalink | Reply

        Arrrgh! Instead of a “message” how about a plan? Or maybe a budget?

        • SignPainterGuy 5:03 PM on 05/06/2012 Permalink | Reply

          The dems absolutely have a plan and have been really busy implementing it, which is precisely why they refuse to pass a budget. Budgets include explanations of what the money is intended to be spent on …. they cannot allow the general public see what they have in store for us ! That would ruin everything !

  • Sherry 1:48 PM on 08/17/2011 Permalink | Reply
    Tags: economy, , , , speech, vacation   

    Saving the President’s Vacation 

    The poor man, victim of bad luck and those meanie mean people who still insist on buying SUVs, trying to make money and eating something fried, just wants to take his family on a modest vacation by the shore and he has these whiny whiners whining about wanting to have jobs. 

    Why do they want jobs? 

    They’re on vacation right now! That’s where he wants to be! But, he’s promised to deliver a master plan, a plan to end all other plans, a plan so brilliant, it will make all those cry baby people who complained sorry they ever doubted anything he said.  Soon.  Right after his vacation….except not.  It’s a reasonable request to wait three to four more weeks.

    After all, these sorts of plans take time to craft and develop…and it’s unfair to encroach on quality time with the family when work is so very demanding and he’s done so much.   So I feel for the President.  I do. I know the burden of the crown …er sorry, Presidency, weighs heavy.  I know because he’s told me he works harder and is less appreciated than Martin Luther King, and more mocked and misunderstood than Abraham Lincoln. 

    Because I feel his pain and think he and his family deserve this time away from the maddening crowds so he can eat his waffles or ice cream or Tuscan kale or arugula in peace, I will give him a gift.  That’s right, I will personally craft for him his master plan on jobs as it will be presented post labor day.  I can even help free up that time for that speech by presenting it here.

    Here goes:

    Good afternoon, I come to you today after completing extensive research, reviewing all the options, consulting experts in the field because I’m open to all options and am serious about this.  Let me be clear, the problems our economy faces are systemic, long-term and the result of over reaching and overspending and irresponsibility by congress, and the results of reckless executive decisions made long before I took the oath of office.  

    The country has had a string of bad luck in world affairs coupled with congressional political grandstanding that refused compromise.  Combined, this mix has prolonged if not crippled all attempts I have made at recovery.   

    Let me be clear, the way I offer is hard, fair and reasonable.  It is the way to prosperity for the good of all, but it requires that those of us who have more, be more generous and understand that this is what we must do for our country. 

    I know you think like I do, that it is unjust that Wallstreet and Corporations have profits in the billions and millions, while millions are on food stamps. 

    I know you agree that it is unjust for politicians listen to the rich who can buy access, and we have to trim teachers and soldiers and policemen’s pensions, or threaten the elderly and disabled with less economic security to enrich the pockets of those who have more than they will ever need. 

    We must act.  We must change our ways and the time is now.  

    Therefore, I’m directing Congress to pass my budget, which will include a three for one tax, for every dollar spent by the federal government, we will tax three, so as to reduce the deficit through new income revenue to the treasury. 

    The bulk and blunt effect of these new taxes will be born by the wealthiest ten percent of our country, so the middle class and the poor will not be affected or injured.  

    Further, I’m asking for an excess profit cap tax, percentage based on all profit reported by any corporation.  It will be set for 20%, recaptured and used to help shore up existing assistance to the unemployed. 

    Lastly, I will ask all those in the legislator shouting about cutting the deficit and a balanced budget, to show they are serious by forfeiting their salaries and benefits.  

    Any who step forward and make such a sacrifice, will prove they mean what they say.  Anyone who doesn’t, proves they’re just in it for political points.  

    The republicans claim they care about ballancing the budget, so I will ask the leadership to restrain its members from inserting any pet projects or proposing any legislation or policies that result in pork to their own states, or create additional layers of bureaucracy or change existing law.  I will direct the Congress to only fund those projects that are critical, that save jobs.  But, we must do more.  I will demand more.

     We will create new incentives and Federal grants for companies that promote green energy and green jobs.

    There will be money allocated for college for students who want to enter into education to help in our public schools. An educated public is a working public.

    We will also improve America’s infrastructure with highways, high-speed rail and communications, like cell, satellite and high-speed internet to make sure everyone has access to the world-wide web.  Kids these days can’t get a job or get ahead without computer knowledge, and they can’t get computer knowledge without having access to computers, so we will invest in technology to give kids that leg up to the American Dream. 

    Finally, I know that a President gets credit or blame for the economy, but I want you to know that I am working as hard as I can, and that I will talk to anyone, anywhere. I am  open to any ideas that come from anywhere about how we can help grow our economy.  I’ve ridden across country and I’ve heard your frustration, I’m frustrated too.  I am.   I am!

    But change as we all know, takes time.  Phone your representatives and tell them, with their cooperation, We Can.  Yes we can.  This is the time when doubts could throw us off track.  Don’t let them make you doubt what you said we needed when you elected me to office.  Don’t let them return us to the same old same ole.  We all knew that change would be hard and tough, but now we all need to dig deep and hold on. They don’t want to have skin in the game, they want you to sit on the sidelines so they can continue to sit on their profits.  We need them to get in the game, we need them  to invest in what we’ve started.

    I invite every corporation, every investor, every American, to invest in our future as a country by being willing to give up just a little bit for their neighbor.  It is the just and right thing to do, and all of us will benefit. 

    Now, if you have any questions, I’ll just send you to our newest Job Czar. I have a tee time and I promised I wouldn’t be late. (Chuckles and leaves, no questions).

    Editor’s Note: Print, save and do a shot for each proposal that hits the mark, only promise not to operate heavy machinery for a good 10 hours afterwards.

    • SignPainterGuy 4:33 PM on 08/17/2011 Permalink | Reply

      You`ve been ghost writing his speeches all along, haven`t you ?

      Do you know TOTUS personally ? What`s he like away from the podium ? Is he comfortable in his storage box ? Does he really enjoy tripping the pResident up ?

      Inquiring minds sorta want to know !! ;-)

    • just a conservative girl 10:10 PM on 08/17/2011 Permalink | Reply

      I am rather happy he is going on vacation. He will do less damage.

  • backyardconservative 10:33 AM on 06/07/2011 Permalink | Reply
    Tags: , , , , , economy, ,   

    Wreckovery Summer in the City TWO. Michelle 

    Buy one get one free. Not so much.

    Yessiree, Michelle O is going to be the president’s secret weapon this year. One of his best assets. Will she hold another beer summit in the White House?

    More Chicago flash mob reaction. It wasn’t just a suburban biker–two doctors in town for a convention were attacked–on or near what we call here the Magnificent Mile. You know, near the lake. Near the Gold Coast where Oprah has her perch. A comment from the Tribune story:

      Sick-of-the-Chicago-Way at 8:02 AM June 07, 2011 We have a president and Congress that wants to redistribute wealth.  These kids simply chose to remove the middle man from the deal.  Perhaps the solution is a government program that directly gives “disadvantaged” youth Ipads and Iphones

    Yes we can. Let’s Move.

    P.S. Why does Chicago have one of the highest crime rates in the country? Why is Chicago’s population back to 1920’s levels? In other news, Dems overturn the 2010 midterms in Illinois. …Maybe these women will wise up this time and be immune to Michelle’s message. Especially if they can’t move.

    Related post: Women take the long view, drop O in droves

      –crossposted at BackyardConservative

    • SignPainterGuy 1:09 AM on 06/08/2011 Permalink | Reply

      Perhaps MO should rethink or at least think through this “My Plate” thing ! I went to Burger Doodle and ate in the car, or pickup, and got it in a bag, not a plate, but it covered all five of the things on “The Food Plate”. Yep, a Whopper Jr with fries and a coke ! The bun took care of the grains (wheat and dairy), the burger handled the protein, the termater is a fruit (I knew that), the lettuce, onions and fried taties (vegebles), the ketchup is more mater fruit and the mayo has a hen egg in it (more dairy). The Coke was a splurgy type reward cause I pitched out some of the fry tips for the sparrows. I`m a good guy that way !

      See………covered the whole thing and I`ll bet MO wouldn`t have approved of any of it ! The fries were really fresh and extra salty ! Mmmmmm mmmmmmm mmMMMmm !

    • backyardconservative 6:19 AM on 06/08/2011 Permalink | Reply

      Mmm, mmm, mmm:)

  • backyardconservative 3:25 PM on 04/26/2011 Permalink | Reply
    Tags: economy, , , ,   

    A matter of degree 

    Women surpassed men over a decade ago in getting bachelor’s degrees. Now it’s post-graduate.

    On the face of it, fine.

    But the story touts the wonderful opportunity for men to be Mr. Mom. This is a feminist leftie take on the stats.

    If you’re going to take that tack, given men’s underemployment in the mancession, shouldn’t this be a cause for concern? I mean, men might want choice too.

    The other issue is just what kind of learning is going on in some of our schools anyway? (See previous post for just one example. Here’s another. Here’s another and another.)

    We’re paying a lot, or our kids are. Some call it a higher education bubble.

    With this economy, what kind of jobs do we especially need for the future, to be able to compete in the world economy?

    Women still trail men in professional subcategories such as business, science and engineering.

    It’s a matter of degree.

  • backyardconservative 10:02 AM on 04/14/2011 Permalink | Reply
    Tags: , , , economy, ,   

    What Kills A Skunk, Part Two 

    We heard the president’s speech. One of the most dismaying things about it, that makes most people recoil–aside from the pure demagoguery on the debt and spending tsunami we face–was that he invited Paul Ryan to come hear it. Paul Ryan, the GOP Budget Committee Chairman, and author of a brave and substantive plan to tackle our fiscal nightmare and wrestle it to the ground.

    Why would President Obama do this? Is he clueless of civil behavior?
    I think this comment has hit on it, in part:
    Why on earth would The One invite him to attend a speech that was designed to demagogue Ryan for electoral purposes?

    Because he’s a petty, thin-skinned girlie man who thinks he’s tough. He was trying to intimidate Ryan into backing off. Epic FAIL.

    Was that some sort of “if I’m going to kneecap this guy, I ought to at least look him in the eye” concession on Obama’s part?

    It’s what kills a skunk:

    Part Two.
    More to come.

    –crossposted at BackyardConservative

  • backyardconservative 10:29 AM on 04/11/2011 Permalink | Reply
    Tags: , , , economy,   

    Nearing $5 gas in Chicago. Obama Approval Plunges. Hold your Horses 

    Chicago Breaking News, with mitigating greenie and mass transit plugs for The One. Of course much of the country can’t get to work using mass transit and greenie cars are expensive, impractical in the cold and over distance, not to mention having to charge up with electricity probably powered by coal plants.

    …For most of us a horse is not an option. And even in Chicago where some view them romantically other picky urbanites protest.

    More here.

    • iainswife 12:06 PM on 04/11/2011 Permalink | Reply

      “Carter-esque” is a word that comes to mind.

    • just a conservative girl 1:39 PM on 04/11/2011 Permalink | Reply

      I have never fully understood why we blame the President for gas prices. I didn’t blame Bush several years ago. We do need to do more of our drilling, but it seems that neither party is willing to do this.

    • backyardconservative 2:51 PM on 04/11/2011 Permalink | Reply

      Yeah, it’s Carter all over again.

      Well, yes, JACS, I understand–Bush wasn’t really aggressive on this because he was sensitive to being accused by the left of being an oil man with conflicts of interest, etc. very silly. But he did push for ANWR and some more drilling approval which is bearing fruit now. Obama gets blame because he is actively ANTI-drilling and especially his atrocious handling of the BP oil spill. BP execs were his buddies and they are a sloppy oil company–they contracted everything out. As I understand it the major oil companies are much more careful with life, fewer accidents, and with their engineering methods–they own the whole process and are responsible.

  • Sherry 4:12 PM on 03/19/2011 Permalink | Reply
    Tags: , , , diets, economy,   

    These two telling reads reveal the depth of our current problem. 

    Iowahawk’s http://iowahawk.typepad.com/iowahawk/2011/03/feed-your-family-on-10-billion-a-day.html 

    and Powerline’s http://www.powerlineblog.com/archives/2011/03/028631.php

    The articles make it clear that far greater of a threat to our long term well being as a country than healthcare, childhood obesity and bullying in school, is the overwhelming debt we are amassing and continuing to pretend doesn’t really need fixing. 

    Now is the time to act, when the CBO has just come out explaining that Whoops, we misunderestimated the deficits by 2.3 Trillion. 


    Making that kind of error in math is rather  like claiming the weight posted on one’s driver’s license is legit.  Everyone KNOWS it’s bogus.  It’s just a question of degrees.  In this case, the White House is counting on everyone being exhausted by the numbers and the amount that has been so out of whack with reality as to make any attempts at less seem almost meaningless.

    That lack of hope is what is in part has derailed the Non Tea Party elected members of congress from being as pumped up about cutting the deficit.  They will get credit for a negative victory if they hold fast.  It’s a lot harder to run on being fiscally prudent in election years when opponents will be able to carp on the legislators giving the state less, cutting programs and being obstructionists to government passing laws and providing services. 

    Republicans are now allowing themselves to be sucked into the quagmire of spend, pay now and more later but  don’t read the fine print with their weak-kneed responses to the Democrats and promises that THERE WILL BE CUTS…but later. 

    MEMO to Republicans: You asked for the opportunity to do the right thing….this is like life, you don’t get points for wanting to do the right thing if you do the wrong thing, and you don’t get points for doing the right thing later if you are doing the wrong thing now and you don’t get points for promising to do the right thing some day.   You do the right thing today and tomorrow and the next and the next and the next and the next.  Cut the federal spending.  Cut it across the board, in the discretionary and mandatory areas.  Roll it back to 2008 or even better, 2006.  Pin it back to the time the Democrats came into power.   You can do this, you just have to muster the steel.  My suggestion, adopt the language from Michelle Obama’s “Let’s Move” program. 

    Learn the Fiscal Facts: What is Obesity?  In a person, it is excess body fat, and the normal range is 18.5 to 24.9, while a BMI of over 30 is considered Obese.  So Let’s take the GNP and declare that the Federal Deficit Index should be considered obese if it is over 30%.  

    Now, does anyone see the government opting to make healthier choices for its  habits or taking time out to exercise rather than sit around all day eating our tax dollars?  No.  We see the Democrats howling about the draconian nature of not being able to supersize their fries.   We see the Republicans congratulating themselves on getting a diet coke with their Big Mac and Extra Large Fries.  We see the President talking to the kids about healthy eating choices while pulling into the drive thru and ordering all of them their happy meals of choice with a few pies for dessert.  They may make a cut but it will be dumb luck if it reduces any of our debt or deficit by a scintilla of an iota.  

    Losing one pound when you need to shed 80 doesn’t feel very encouraging and with the current congress, we’re more talking about losing 1/1000th of a pound.   Rah. 

     I think I’ll wait to break out the skinny jeans.


  • backyardconservative 1:53 PM on 03/17/2011 Permalink | Reply
    Tags: , , , , economy,   

    Walker Calls Out The One in the WaPo 

    Doesn’t this hugely amuse you too?

    Our reform plan calls for a 5.8 percent pension contribution from government workers, including myself, and a 12.6 percent health insurance premium payment. Both are well below what middle-class, private-sector workers pay. Federal workers, however, pay an average of 28 percent of health insurance costs.

    It’s enough to make you wonder why there are no protesters circling the White House.

    Meanwhile, back in Obama’s home stomping grounds of Cook County, IL, there are actual calls for the public unions to back off.

    Other states are exercising long latent citizen muscle to confront the public union excess driving us to the poorhouse.

    Come on America, let’s move! Our way:)


  • pjMom 10:46 PM on 12/01/2010 Permalink | Reply
    Tags: , economy   

    Taxpayers bail out EU 

    I had a busy afternoon cooking, cleaning, and being a mom.  So I missed this until pjHusband pointed it out. 

    Via Drudge, we’re bailing out the EU (after already loaning–secretly, of course–European banks massive cash).  Seriously?  At what point does this become a joke?  The Germans have to bail out the Greeks.  The EU bails out the Irish.  And now we–of massive debt ourselves–bail out the EU?

    Who bails us out?  Are they waiting for rich aliens at this point?

    • zillaoftheresistance 11:12 PM on 12/01/2010 Permalink | Reply

      Sheesh, at this point, is there anyone left in the world that Americans HAVEN’T been forced to bail out with our tax dollars?

    • fuzislippers 4:45 AM on 12/02/2010 Permalink | Reply

      Why why why are we bailing them out? I’m wondering, like you, who the heck is going to bail US out? China? Again? Really? This is all bs. We’re all in the same stinking economic mess, and that just tells me that “the global economy” is a load of . . . bananas. When everyone’s broke (except China), what then?

      • Yukio Ngaby 7:58 AM on 12/02/2010 Permalink | Reply

        China will be broke too. They rely on American consumer markets.

      • pjMom 11:18 AM on 12/02/2010 Permalink | Reply

        We wait for the extraterrestrial help, obviously. We’re bailing out a half-century of failed socialist policy in Europe as we’re saddled with our own entitlement burdens. I seriously wonder when they just say, ok, we’re confiscating all your the money in the bank. And your 401k. Because *we* have problems managing our money.

        • Yukio Ngaby 11:39 AM on 12/02/2010 Permalink | Reply

          You may be right. Several South American countries have raided their citizens’ private retirement funds and long-term savings under the banner idea of “protecting the citizens’ funds.” They take the money and then promptly put it back into funding government programs. It could certainly happen here.

          • fuzislippers 7:07 PM on 12/02/2010 Permalink | Reply

            Yep. And let’s also keep in mind that to this administration and its freakish following, taxing 100% of our income is deemed Constitutional. Once they abolish (or a better descriptor is “simply phase out”) the middle class, they’ll be free to tax the remaining “rich” at will. Of course, that will come to nothing as it always does, and we’ll have a poverty class that makes up 95% or more of the population and the ruling political class who live like kings. This is the way we are heading, the path we are being manipulated down. It’s not pretty.

        • fuzislippers 7:21 PM on 12/02/2010 Permalink | Reply

          heh, extraterrestrial help. The extreme horror is that socialists just cannot understand that socialism never ever works. It doesn’t work in a tiny little country, so they decide to make all the countries of Europe economically-entwined (including, stupidly, a shared currency). Bigger is better, right? More people means socialism will finally finally work. Oops, not so fast, it fails again. As always. So the new plan is to make the entire “free” world a socialist serfdom. Bigger is better, right? If a 60’s commune in the Nevada desert can’t make socialism work on that tiny scale, enlarging the experiment area doesn’t change anything. Just makes the failure bigger.

          I just don’t know how we dig all of the socialist crap out of our own system at this point, let alone of the global economy. We’re pretty screwed, I think.

          • Yukio Ngaby 10:10 PM on 12/02/2010 Permalink | Reply

            “I just don’t know how we dig all of the socialist crap out of our own system at this point, let alone of the global economy.”

            Stop giving money away in the form of entitlements and pork is a good place to begin…

    • backyardconservative 10:28 AM on 12/02/2010 Permalink | Reply

      It’s the ultimate Ponzi scheme. Remember, in the end what brought Bernie Madoff down is that he ran out of the world’s money–no more rich to rip off.

  • Mary Sue 1:23 PM on 11/09/2010 Permalink | Reply
    Tags: economy,   

    Sarah Palin can see Zimbabwe from her house 

    Exhibiting a “more sophisticated knowledge of monetary policy than any major Republican this side of Wisconsin Representative Paul Ryan,” Sarah Palin calls on Chairman Ben Bernanke to cease and desist his “pump priming,” in a speech delivered to a trade association yesterday. The effect of quantitative easing or pump priming has been disastrous in Germany and Zimbabwe in the past, leading  to a devalued currency and hyperinflation.  The Wall Street Journal notes Palin calls for real and sustained growth as she elevates discussion on monetary policy debate:

    Stressing the risks of Fed “pump priming,” Mrs. Palin zeroed in on the connection between a “weak dollar—a direct result of the Fed’s decision to dump more dollars onto the market”—and rising oil and food prices. She also noted the rising world alarm about the Fed’s actions, which by now includes blunt comments by Germany, Brazil, China and most of Asia, among many others.

    “We don’t want temporary, artificial economic growth brought at the expense of permanently higher inflation which will erode the value of our incomes and our savings,” the former GOP Vice Presidential nominee said. “We want a stable dollar combined with real economic reform. It’s the only way we can get our economy back on the right track.”

    This praise for Palin’s knowledge of monetary policy from the Wall Street Journal stands in stark contrast to criticism from from another Wall Street Journal reporter who seems not have read his own paper.  Sarah Palin delivers a masterful rebuke as she wonders, Do Wall Street Journal Writers Read the Wall Street Journal :

    So, imagine my dismay when I read an article by Sudeep Reddy in today’s Wall Street Journal criticizing the fact that I mentioned inflation in my comments about QE2 in a speech this morning before a trade-association. Here’s what I said: “everyone who ever goes out shopping for groceries knows that prices have risen significantly over the past year or so. Pump priming would push them even higher.”
    Mr. Reddy takes aim at this. He writes: “Grocery prices haven’t risen all that significantly, in fact.” Really? That’s odd, because just last Thursday, November 4, I read an article in Mr. Reddy’s own Wall Street Journal titled “Food Sellers Grit Teeth, Raise PricesPackagers and Supermarkets Pressured to Pass Along Rising Costs, Even as Consumers Pinch Pennies.”

    The point is not really grocery prices have risen significantly in the past year as Mr. Reddy counters.  Consumers will feel the real time effects of inflation as the Fed undertakes the risky measures that may or may not have any real effect in unclogging the lending pipes to spur a temporary economic growth.  As Palin notes, if it doesn’t work, what do we do then? Print even more money? What’s the end game here? Where will all this money printing on an unprecedented scale take us?”

    History tells us all this money printing takes us to Zimbabwe.  Former governors and current housewives will be among the first to see Zimbabwe from their homes.

    Also blogging:
    Anne Leary – Palin on Point on the Fed. WSJ: Sophisticated Knowledge
    Palin pops a persistent meme bubble at POWIP
    This topic currently at the top of Memeorandum as well.

    cross posted at Ruby Slippers

  • Mary Sue 1:18 PM on 10/23/2010 Permalink | Reply
    Tags: economy,   

    Lies, damned lies and White House white boards 

    Keith Hennessey debunks the White House mythos their economic policies have put the economy and jobs in D, pulling us out of that nasty Republican ditch.    This video is long, so grab a Slurpee and sit back while Hennessey speaks from behind Austin Goolsbee’s white board. I promise this will be time well spent:

    Now be sure to watch 6-year-old Josh make mincemeat of the Obama tax increases.

    H/T: Verum Serum

  • Jill 4:13 PM on 10/13/2010 Permalink | Reply
    Tags: economy, ,   

    Kudlow wonders what planet Obama is from 

    If only our president had a tenth of the common sense or brains of Larry Kudlow. His exasperation with Obama’s cluelessness is palpable:

    Believe it or not, with jobs falling for four consecutive months and unemployment stubbornly high near 10 percent, President Obama is out on the campaign trail bashing businesses and promoting class warfare. Huh? Oh my gosh is he off message.

    He’s slamming the Chamber of Commerce for allegedly using foreign money in campaign ads, even though there’s not one shred of evidence of this. Huh (again)? Is the Chamber really a big election-year issue? Is it causing high unemployment?

    Read all of Obama the Alien.

  • backyardconservative 11:20 AM on 10/08/2010 Permalink | Reply
    Tags: , , , , , economy, ,   

    Building the Next Bailout…and BUST 


    In July, Illinois went to market with a $900 million BAB issue that attracted 93 investors, including 17 from overseas. The international investors accounted for about 30 percent of the offering. Illinois state officials even joined their underwriters, Citigroup, on a road show through Europe and Asia to drum up interest in the sale.

    Setting up the next bust in Illinois and around the country.

    Screwing up the current one. From e21 Morning eBrief:

    In Foreclosure Controversy, Problems Run Deeper Than Flawed Paperwork (Round Up)Millions of U.S. mortgages have been shuttled around the global financial system – sold and resold by firms – without the documents that traditionally prove who legally owns the loans. Now, as many of these loans have fallen into default and banks have sought to seize homes, judges around the country have increasingly ruled that lenders had no right to foreclose, because they lacked clear title. The court decisions, should they continue to spread, could call into doubt the ownership of mortgages throughout the country, raising urgent challenges for both the real estate market and the wider financial system. The White House has announced that President Obama will pocket veto H.R. 3808 which would have allowed banks to shortcut the current notarization process. See Alphaville for and the Washington Post for more more.

    Goldman Sachs: The US Economy Is Weaker Than You Think (Seeking Alpha)Goldman Sachs issued a very bullish note on the Euro this morning. Not because they think Europe is entering a period of robust growth. No, in fact they reduced their estimates for European growth based on the recent Euro strength; however, they see the U.S. economy simply deteriorating more than Europe. The chart in this presentation that jumped out was the ISM’s index compared to the orders & inventories. The orders and inventories data shows a very strong leading indication of future ISM growth. Currently, the orders and inventories data is forecasting ISM readings in the low 40s.

    Peggy Noonan on Greece and America’s reaction:

    Mr. Lewis: “The Greek state was not just corrupt but also corrupting. Once you saw how it worked you could understand a phenomenon which otherwise made no sense at all: the difficulty Greek people have saying a kind word about one another. . . . Everyone is pretty sure everyone is cheating on his taxes, or bribing politicians, or taking bribes, or lying about the value of his real estate. And this total absence of faith in one another is self-reinforcing. The epidemic of lying and cheating and stealing makes any sort of civic life impossible.”

    Thus can great nations, great cultures, disintegrate, break into little pieces that no longer cohere into a whole.

    Read it all.

    Outrage. Outrage.

    This election is so damned important.

    Related post: Obama Desperately Trying to Save His Own Senate Seat

    –crossposted at BackyardConservative (I’m going crazy, people)

  • backyardconservative 2:03 PM on 09/20/2010 Permalink | Reply
    Tags: , , economy, ,   

    Heading for Hot dogs and beans in Obama economy 

    I caught part of this earlier today, and was especially struck by this woman. An Obama voter at the CNBC townhall is a CFO of a company, describes herself as middle class, and goes on:”I’m Exhausted Of Defending You”. RCP video.

    See if you think he gives her a good answer.

    Plus more on the Marxist, redistributionist mentality of Dem Senate candidate Coons. Taken to real extremes.

    And are some CFO’s more guilty than others?

    • rubyslipperblog 2:30 PM on 09/20/2010 Permalink | Reply

      I just wrote about this woman and the townhall. Obama’s answer was the kind of response that sounds ok to the low information voter – maybe. Unfortunately for him, the low info voters aren’t the ones heading to the polls in November.

      No one is really feeling the benefits from Obama’s policies. How was she supposed to benefit from his protection against the credit card companies when she was one he also credited her as being one who lived within her means and was financially responsible? St. Elizabeth Warren is going to save her anyway I guess.

      I had to laugh at the Washington Post saying the only question that threw him was the one related to the tea party. I guess he is not really 100% opposed to attacking them. He also isn’t 100% opposed to insulting their intelligence either.

    • backyardconservative 3:09 PM on 09/20/2010 Permalink | Reply


      I tuned him out after a while. He’s such a spouter of cliches. And he was still whining.

      • rubyslipperblog 6:49 PM on 09/20/2010 Permalink | Reply

        You need to be on IV ritalin to pay attention to his drivel and even that might not work. I honestly can’t take listening to him live at all anymore. I watched the clips and read the transcript, that was painful enough.

  • Sherry 3:10 PM on 09/03/2010 Permalink | Reply
    Tags: , economy   

    With New Improved Laser Like Focus 

    In the latest puff piece by the Washington Post designed to show that our POTUS really really cares and has that laser like focus on the pulse of the nation and is absolutely clear that the main issue plaguing the American people today is a three-letter word, J-O-B-S, one has to wonder if his staff are having fun at his expense.  “His advisers described his attentiveness – noting, for example, that he discussed the economy with New York Mayor Michael R. Bloomberg (I) for 15 minutes before golfing – but got little traction.”

    Apparently, it only takes 15 minutes to have seriously discussed the economy. Fifteen minutes! Maybe he could have called Geico and saved a bit for all of us on car insurance. One would imagine that at the very least, the President could pick up the phone and call one of those debt consolidation companies to see if over half could just be forgiven so as to stop the harassment of the American people by endless bills. It also is only supposed to take 15 minutes. But seriously, when the jobless rate hovers at over 9%, you’ld think that conversations about solutions would at least last long enough to have a pizza delivered.

    It got little traction. What the heck does that mean? That Bloomberg wasn’t interested? That the President wasn’t interested? No. What it really means is, neither of them were very serious about the problem or discussing it.

Compose new post
Next post/Next comment
Previous post/Previous comment
Show/Hide comments
Go to top
Go to login
Show/Hide help
shift + esc