Archive for the 'economy' Category
Surge Tourette’s Is The New 9/11 Tourette’s
Posted on August 6, 2008 by andrew- Filed Under 2008 presidential election, John McCain, The Surge, economy | Leave a Comment
Last week John McCain wanted to SurgeTM into our cities in order to combat crime. Now he wants to SurgeTM into our economy in order to-
Wait, what? What does that even mean? An “Economic Surge”… So, are we going to send 50,000 troops to restore order on the floor of the New York Stock Exchange?
JOHN [...]
Good Thing I Don’t Eat Food Or Use Fuel For Anything
Posted on July 16, 2008 by andrew- Filed Under economy, inflation | Leave a Comment
The latest inflation news is not so good:
Prices paid by U.S. consumers jumped in June by the most since 1982 on spiraling costs for fuel and food, intensifying the pressure on households struggling with falling home prices and the credit crunch.
The cost of living soared 1.1 percent, more than forecast, after a 0.6 percent gain [...]
The McCain Campaign Doesn’t Get It
Posted on July 10, 2008 by andrew- Filed Under 2008 presidential election, John McCain, Phil Gramm, economy | Leave a Comment
Phil Gramm is one of John McCain’s top economic advisors. He isn’t just a generic “surrogate”, he’s a guy who has a key role in influencing McCain on economic matters and will be helping to develop this country’s economic policies if McCain is elected. This is what he thinks of all you whining little girls [...]
A Potentially Dumb Question, But I’m Willing To Risk It
Posted on June 26, 2008 by andrew- Filed Under economy, oil | 2 Comments
Whenever anyone talks about the price of oil (as opposed to the retail price of, say, gasoline), they talk about that price in terms of dollars per barrel. Since the dollar has been falling against other currencies for quite some time now, is there a general misconception (at least amongst the average reasonably informed person [...]
The Economy Is Not As Sucky As You Think It Is, You Whiny Chicken Little
Posted on April 30, 2008 by andrew- Filed Under GDP growth, economy | Leave a Comment
0.6% GDP growth in the first quarter of 2008! In your face, recession doomsayers!
All we hear about is how the Republicans have ruined our economy and we’re all going to be feeling the squeeze as production continues to grind to a halt. It’s a bit hard to buy that negativity when the economy is growing [...]
Truck Convoys Make Me Hum “The Ants Go Marching”
Posted on April 28, 2008 by andrew- Filed Under economy, oil, truck drivers | Leave a Comment
Bad traffic this morning? The truckers weren’t helping.
A convoy of several hundred trucks was en route to Washington this morning to stage a protest at the Capitol over high fuel prices.
The truckers plan to arrive via the Capital Beltway and the Frederick Douglass Bridge, drive a circuit around the Mall and then park at RFK [...]
Things I Don’t Care About
Posted on April 24, 2008 by andrew- Filed Under Things I Don't Care About, economy, food crisis | 1 Comment
(Part nine in an ongoing series)
Food shortages in the United States.
Yes, it worries me that there seems to be some sort of growing food crisis in the world. There are already people without enough food in some parts of the world, and it sounds like even more people in poorer countries could be facing some [...]
Ugly News From The Economy
Posted on April 15, 2008 by andrew- Filed Under economy, inflation | Leave a Comment
I’m no expert or anything, but the new inflation numbers sound rather not good:
Inflation at the wholesale level soared in March at nearly triple the rate expected as the costs of energy and food both climbed rapidly.
The Labor Department reported Tuesday that wholesale prices rose 1.1% last month. That was the second biggest increase in [...]
So Many “Liberal” Media Untruths
Posted on March 27, 2008 by andrew- Filed Under economy, the media | Leave a Comment
Marc Ambinder, usually better about these things, swallows one whole:
Well — during a recession, raising taxes is usually contraindicated, along with cutting spending. McCain will face enormous pressure from conservatives to keep spending under control, while Obama (or Clinton) would face enormous pressure from liberals to find ways to pay for more government spending.
That second [...]
I’m Putting My Privatized Social Security Money Directly Into High-Risk Mortgage Lenders
Posted on March 25, 2008 by andrew- Filed Under Bush administration, economy, social security | Leave a Comment
Please, Republicans, try to make “reforming” Social Security into an issue again. Do it in an election year. Do it precisely when Americans are convinced that the economy is the most busted it’s been in years and will be especially receptive to sacrificing what little financial security they have.
Recently re-elected Bush with 50% approval couldn’t [...]
Sadly, I’m About As Qualified To Talk About Economics As John McCain Is
Posted on March 25, 2008 by andrew- Filed Under 2008 presidential election, Big Shitpile, John McCain, economy | Leave a Comment
Some orgasmically honest Straight TalkTM on the financial crisis:
“I have always been committed to the principle that it is not the duty of government to bail out and reward those who act irresponsibly, whether they are big banks or small borrowers,” McCain said in remarks prepared for delivery. “Government assistance to the banking system should [...]
