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Thursday, July 30, 2009

Iran: Background to Present Troubles

Slater Bakhtavar explains how President Jimmy Carter created the conditions for today’s nuclear blackmail by Iran.

Obama

The president resorts to the politics of fear.

Windfall Profits

Exxon’s latest quarterly profits are down 66%, because of the sharp decline in the price of oil.  If, as economic ignoramuses on both sides of the aisle in Congress shrieked when oil was well above $100 a barrel, Exxon deserved to be hit with an excess profits tax, does the company now merit a windfall-depressed-profits bailout?

Posted by Thomas E. Brewton on 07/30 at 11:43 AM
Economics • (1) Comments
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Wednesday, July 29, 2009

Slouching Toward Orwell’s 1984

George Orwell’s novel was a warning about the direction of government action in socialist economies.  The Soviet Union was liberal-progressives’ “future that works,” the last stop on the Democrat/Socialist express now hurtling us into two of the most costly and enslaving programs ever seriously considered by Congress.

Jeff Lukens turns our attention to Orwell’s insights.

It’s Not Just China That Worries About Obama’s Socialist Spending

Weak Treasury Auctions Raise Worries About US Debt Burden.

See also Another Straw In The Inflationary Wind.

Posted by Thomas E. Brewton on 07/29 at 09:29 PM
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China Warns Us Again

The Chinese may, in the end, own us, but, if President Obama gets his way, we’ll already be a fully socialist nation.  Heedless of economic reality, the President continues to press for the largest expansion of deficit financing, and the greatest inflationary expansion of the money supply, anywhere in history.

 

Posted by Thomas E. Brewton on 07/29 at 09:08 PM
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How National Socialist Healthcare Will Manage Every Aspect Of Your Life

Read the summary on Maggie’s Farm website.

Democrat/Socialist Party Parasites

President Obama breathes not a word about the greatest single healthcare cost-reducing measure: stopping the tort bar’s malpractice extortion racket.  Why not?  Because Democrat/Socialists depend upon tort-bar money extorted from you to fund their election campaigns.  Read Charles Krauthammer’s analysis.

Exhibit No. 1 For The Liberal-Progressive Nanny State

“In 1950, Detroit was the wealthiest city in America on a per capita income basis. Today, the Census Bureau reports that it is the nation’s 2nd poorest major city, just “edging out” Cleveland.”  Read the full report: Detroit: The Triumph of Progressive Public Policy.

National Socialist Healthcare Regimentation

A good summary by Martin Feldstein, former chairman of the President’s Council of Economic Advisors.