Another day, another round of depressing economic news. The silver lining: Each day closer to the presidential election is a day closer to removing the socialist from the White House.
Scared Of The Fallout: Obama Will Press Europe To Ease Up On Austerity
At ''Bridge To Nowhere,'' Romney Slams Obama On Economy
Central Banking And The Economic Depression: "The Truth Gets Out Eventually"
Will The FHA Require A Bailout?
In other news:
Saturday, May 19, 2012
Libertarians And Conservatives: A Call For Unity Against Obama
The steady erosion of Americans' economic liberty will continue as long as the United States has a president who sympathizes with socialism. Therefore, it is imperative that libertarians and conservatives dispel their animosity toward one other and join forces to fight the coming Chicago-style reelection machine. I say without without hyperbole that America as we know it cannot survive a second-term President Obama, who would be free to pursue his socialist ideals without fear of reprisal.The idea of "Ron Paul or no one" must be smashed. Paul supporters must rally behind Mitt Romney while influencing policy and appointments. Conversely, conservatives must be welcoming of libertarians. Conservatives' idea that "Ron Paul is a kook" must also be smashed. After all, Paul correctly predicted nearly every challenge this country has faced over the past 10 years, as is demonstrated in this video from 2002:
Friday, May 18, 2012
Buried Headlines: May 18, 2012
Some of my fellow Seeking Alpha contributors erroneously believe that American economic growth will accelerate, even on the brink of a European economic collapse. Many of these people are paid to manage other peoples' money. Yikes.
German Finance Minister Sees Two Years of European Financial Turmoil, Worldwide Fallout
Will The European Union Destroy Itself Just To Save The Euro?
ECOMINOES FLASHBACK: Economy 2013: Seeing Downward Arrows
In other news:
With Belief That Romney Could Win Spreading, Media Jump To Defend Obama
GAO: 6-Fold Increase In Americans 55 Or Older Unemployed 6 Months Or Longer
German Finance Minister Sees Two Years of European Financial Turmoil, Worldwide Fallout
Will The European Union Destroy Itself Just To Save The Euro?
ECOMINOES FLASHBACK: Economy 2013: Seeing Downward Arrows
In other news:
With Belief That Romney Could Win Spreading, Media Jump To Defend Obama
GAO: 6-Fold Increase In Americans 55 Or Older Unemployed 6 Months Or Longer
Obama’s Literary Agency Used "Born in Kenya" Bio *Into Prez Campaign*
I've never been a birther; I still believe the birth certificate issue is a distraction from the serious economic and fiscal challenges we face. That said, I find this story worthy of sharing. From Ben Shapiro, Editor-At-Large of Breitbart News:
Thursday, May 17, 2012
Buried Headlines: May 17, 2012
I'll never drive a GM auto as long as the company relies on taxpayer dollars.
Obama And GM Cook The Books
Backroom Obamacare Deal Probed By GOP
Obama's Poor History of Business
Why Obama Won’t Grade Himself On The Economy
The Synopsis Of A Greek Economic Tragedy
Spain Falls Into Recession Amid Fears Of Eurozone Bank Run
Swing States: Could Europe Decide The U.S. Election?
Obama And GM Cook The Books
Backroom Obamacare Deal Probed By GOP
Obama's Poor History of Business
Why Obama Won’t Grade Himself On The Economy
The Synopsis Of A Greek Economic Tragedy
Spain Falls Into Recession Amid Fears Of Eurozone Bank Run
Swing States: Could Europe Decide The U.S. Election?
Educating Rush Limbaugh Conservatives About The Perils Of Central Banking: A Primary Mission
Many self-described "fiscal conservatives" incorrectly believe that America's economic and fiscal woes will disappear if Republicans take Congress and the White House. While it is true that Republicans are typically less damaging than Democrats to the economy and the American taxpayer's wallet, the GOP has in recent times demonstrated the capability of being fiscally reckless when it occupies both Congress and the White House. In terms of fiscal policy, the Republican/Democrat, left/right paradigm is incorrect, anyway. The correct paradigm should be statist/non-statist, pro-central control/pro-free market.
Ironically, many who claim to be "fiscally conservative" and opposed to overreaching government intervention in the economy have little to say about overreaching government intervention in the monetary system, which should be every fiscal conservative's top issue. But even many high-profile, highly-opinionated "fiscal conservatives" such as Rush Limbaugh, Mark Levin, Charles Krauthammer, and George Will have little to say about the Federal Reserve's stewardship of the monetary system, even after the cataclysmic financial crash of 2008 and the subsequent economic depression. It's particularly heartbreaking to hear Krauthammer and Will, who can write and speak so eloquently about domestic and international politics, resort to platitudes when commenting on the Fed. Rush largely ignores the Fed, and Levin actually lambasts people who strongly believe the Fed should be ended.
Ironically, many who claim to be "fiscally conservative" and opposed to overreaching government intervention in the economy have little to say about overreaching government intervention in the monetary system, which should be every fiscal conservative's top issue. But even many high-profile, highly-opinionated "fiscal conservatives" such as Rush Limbaugh, Mark Levin, Charles Krauthammer, and George Will have little to say about the Federal Reserve's stewardship of the monetary system, even after the cataclysmic financial crash of 2008 and the subsequent economic depression. It's particularly heartbreaking to hear Krauthammer and Will, who can write and speak so eloquently about domestic and international politics, resort to platitudes when commenting on the Fed. Rush largely ignores the Fed, and Levin actually lambasts people who strongly believe the Fed should be ended.
Wednesday, May 16, 2012
Buried Headlines: May 16, 2012
Federal government spending is so out of control that the U.S. could be thrown in (or out) with the PIIGS nations.
U.S. Gov. Spends More Per Person than Portugal, Italy, Greece, or Spain
"Dear Leader" news:
Obama Has Up To $1 Million With JPMorgan Chase
Obama Worth As Much As $10 Million
In other news:
U.S. Gov. Spends More Per Person than Portugal, Italy, Greece, or Spain
"Dear Leader" news:
Obama Has Up To $1 Million With JPMorgan Chase
Obama Worth As Much As $10 Million
In other news:
California: The GDP, Budgetary Woes, And Resistance To Austerity Of A PIIGS Nation
California Governor Jerry Brown announced last Saturday that his state's annual budget deficit had grown to $16 billion, nearly twice what he projected when he released his initial budget proposal in January. Governor Brown released yesterday his revised budget, which includes what the mainstream media are calling "deep cuts" to address the country's most populous state's unprecedented budget shortfall.
One oft-cited example of Governor Brown's proposed "deep cuts" is a 5% reduction in payroll costs. While a 5% cut may sound like aggressive belt tightening, we must remember that we're talking about California, where state employees' compensation packages are so overly-generous that teachers can earn up to $125K+ per year (.pdf) in salary and benefits and retire with pension having put in just 20 years of service (.pdf). The proposed 5% reduction in payroll costs is woefully insufficient given California state employees' stratospheric compensation packages, and the manner in which the Governor proposes to attain the 5% savings--cutting the number of hours worked--does nothing to address state employees' unrealistic salaries. California government workers made in 2010 an average of $65,640, the highest of any state (.pdf) and 32% higher than the national average.
One oft-cited example of Governor Brown's proposed "deep cuts" is a 5% reduction in payroll costs. While a 5% cut may sound like aggressive belt tightening, we must remember that we're talking about California, where state employees' compensation packages are so overly-generous that teachers can earn up to $125K+ per year (.pdf) in salary and benefits and retire with pension having put in just 20 years of service (.pdf). The proposed 5% reduction in payroll costs is woefully insufficient given California state employees' stratospheric compensation packages, and the manner in which the Governor proposes to attain the 5% savings--cutting the number of hours worked--does nothing to address state employees' unrealistic salaries. California government workers made in 2010 an average of $65,640, the highest of any state (.pdf) and 32% higher than the national average.
VIDEO: Nanny State PSA's: Sullying The Name Of Rosie The Riveter
Today I got stuck behind a school bus whose rear bumper was adorned with a friendly reminder that I shouldn't "idle my car" at bus stops because I was in the presence of "young lungs at work". Hours later, I'm still trying to determine what message the sticker was attempting to convey. (Was it suggesting that I turn off my car every time the bus stops? Really?) At any rate, the sticker reminded me how far Ad Council PSA's have fallen over the years. Whereas Uncle Sam once rallied the nation with patriotic calls to buy war bonds, he now sullies the name of Rosie the Riveter with coddling, condescending PSA's such as:
"Clean"
Big Brother sees it fit to remind us to clean our kitchens with soapy water.
"Clean"
Big Brother sees it fit to remind us to clean our kitchens with soapy water.
Tuesday, May 15, 2012
Buried Headlines: May 15, 2012
One thing is certain: Obama can't run on the economy.
Devastating Graph Reveals Obama's Unemployment Economy
The Obama Economy Is Wrecking NASCAR
Can Obama Learn From The Successful Economies?
Foot In Mouth: Obama: JPMorgan Is ‘One of the Best-Managed Banks’
In other news:
Devastating Graph Reveals Obama's Unemployment Economy
The Obama Economy Is Wrecking NASCAR
Can Obama Learn From The Successful Economies?
Foot In Mouth: Obama: JPMorgan Is ‘One of the Best-Managed Banks’
In other news:
Ocean Of Oil Discovered In Western Site! Now Only The Government Blocks U.S. Energy Independence
Perhaps the largest of yesterday's buried headlines was congressional testimony from the Government Accountability Office that the Green River Formation, a largely vacant area of mostly federal land that covers the territory where Colorado, Utah and Wyoming meet, contains "about as much" recoverable oil as all the rest of the world’s proven reserves combined. (.pdf) The implications of this testimony will be huge once the mainstream media are forced to pick up this story (please help spread the word) and the general public is made aware of the amazing opportunity for American energy independence that now rests with the federal government.
Monday, May 14, 2012
Buried Headlines: May 14, 2012
With incumbents in the EU being defeated en masse and the new
pushback over gay marriage, the chances of Obama getting
reelected without the help of widespread voter fraud are slim. The Imperial Federal Government prohibits U.S. citizens from placing wagers on Intrade, but, if I could, I'd bet the house against the "Community Organizer":
Even The Lib Media See It: European Elections A Warning To Obama
The one good thing about a worldwide recession is that the price of oil often declines. The silver lining of 2008 was that gas plummeted from $4.00+ to less than $2.00. Of course, a scenario in which there is a worldwide economic collapse accompanied by high gas prices is also plausible:
Oil Down To Near $94 On China, Europe Concerns
In other news:
GAO: Recoverable Oil On Western U.S. Site 'About Equal' To ENTIRE WORLD'S Proven Oil Reserves
Even The Lib Media See It: European Elections A Warning To Obama
The one good thing about a worldwide recession is that the price of oil often declines. The silver lining of 2008 was that gas plummeted from $4.00+ to less than $2.00. Of course, a scenario in which there is a worldwide economic collapse accompanied by high gas prices is also plausible:
Oil Down To Near $94 On China, Europe Concerns
In other news:
GAO: Recoverable Oil On Western U.S. Site 'About Equal' To ENTIRE WORLD'S Proven Oil Reserves
Sunday, May 13, 2012
Mother Of All Server Errors Day
Running on a shoestring budget, ECOMINOES is currently limited to budget hosting. You get what you pay for, and the hosting I can currently afford apparently yields spells of rendering errors and slow loading times. For this I apologize. If you would like to help get the blog transferred to more reliable hosting, please feel free to make a donation. Contributions can be made on the upper-right side of the screen.
VIDEO: Texas Legislators Commit Voter Fraud On Floor Of The State Legislature
This is the most egregous example of voter fraud I have ever seen. An investigative report from a Texas newscast revealed that several Texas legislators commit voter fraud on the floor of the state legislature by taking the votes of non-present members. This is serious stuff, folks. A legislator's vote is a proxy for thousands of citizens' votes. When a legislator commits voter fraud on the floor, he is in effect committing thousands of counts of voter fraud. This is voter fraud on a 3rd world scale.
Buried Headlines: May 13, 2012
Sorry, Mitt. I'd vote for you over Obama any time, but you're dead wrong about Bank of America. If Goldman Sachs is Satan's temple on Earth, BOA is his North Carolina vacation home.
Mitt Romney: Bank Of America Protesters Too Young 'To Really Understand' Economy
Poof! 230,000 Fell Off Unemployment Rolls Over Weekend
ECOMINOES FLASHBACK: Lost Earnings Too Much For Recovery
No Surprise Here: Hefty Salaries, Perks For Union Leaders Raise Eyebrows
No Surprise Again: Lawmakers Stay Silent Over Chinese Takeover Of U.S. Banks
If Greece Exits, Here Is What Happens
Mitt Romney: Bank Of America Protesters Too Young 'To Really Understand' Economy
Poof! 230,000 Fell Off Unemployment Rolls Over Weekend
ECOMINOES FLASHBACK: Lost Earnings Too Much For Recovery
No Surprise Here: Hefty Salaries, Perks For Union Leaders Raise Eyebrows
No Surprise Again: Lawmakers Stay Silent Over Chinese Takeover Of U.S. Banks
If Greece Exits, Here Is What Happens
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