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Sunday, January 31, 2010

Make Christianity More Than A Hobby

Too many of us just go through the motions without commitment.

Aside From That, Is Everything OK?

How the crooks cook the books.

Posted by Thomas E. Brewton on 01/31 at 04:45 PM
Junk Science • (4) Comments
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Saturday, January 30, 2010

Obama’s Priorities

Homeland security apparently isn’t among the president’s priorities.  He’s too busy with a bill of attainder to criminalize legal conduct of CIA agents after the fact.  Socializing the entire economy, of course, remains at the apex of his goals.

 

In Coke We Trust

Investors now view a default by the U.S. Treasury as more likely than a default by the Coca-Cola Company.

 

 

Posted by Thomas E. Brewton on 01/30 at 11:43 AM
Economics • (7) Comments
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Friday, January 29, 2010

Your Friendly Neighborhood Jihad

How do you deal with a neighbor who believes he is obliged to kill you and sell your children into slavery?

Read Sharia

Whither Wend We, And Why?

Reader Robert Good looks at what may be driving the president.

Obama’s 17% Unemployment Rate

That’s what we got for almost a trillion in stimulus spending.

Quote Of The Day

Kim Strassel in the Wall Street Journal:

For an administration that claims to know its political history, the White House appears to have misread at least one decade. FDR was re-elected in 1936 for many reasons, but among them was his fiery denunciations of “economic royalists,” “economic tyranny,” and “economic slavery.” Business knew it was in the president’s crosshairs and put its capital on strike. The economy didn’t recover until the war.

Team Obama is already witnessing a repeat. The U.S. economy ought to be flying out of recession. Yet bank lending is sluggish. Companies refuse to hire. Business is going elsewhere to raise capital: China last year outstripped the U.S. as a center for initial public offerings. The market gyrates on Washington’s latest political drama.

A venture capitalist recently remarked to me that the uncertainty the administration has created is “nothing short of paralyzing.” Nobody will invest in an industry that might be the next to be overtaxed, overregulated, or publicly disemboweled.

Add to that uncertainty the administration’s new populist bent, and it’s a recipe for a continued capital freeze. “People in the economy are thinking about whether to invest or take risks when what they are seeing are early signs of Hugo Ch

The Arsonist Blames the Fire Department

President Obama wants to “slash the tax breaks for companies that ship our jobs overseas.”

Congressional Budget Office Foresees Long, Slow Recovery

Congressional Budget Office officials forecast official unemployment averaging above 10 % this year and in 2011.  Actual unemployment, including people who have stopped looking for jobs, is close to 17%.

Annual budget deficits, already at unprecedented high levels, will be greater than $1 trillion for years to come.  The president’s recently proposed budget freeze will amount to very little, prospectively reducing budgeted Federal spending increases from 45% to 44.3% over the next ten years.