The Ultimate Debate of Hayek vs. Keynes. In Rap Form.

AKA: Fear the Boom and Bust.
I learned more about the economy in this little rap than I ever did in high school. But then, my high school economic teacher was a real dud. Public education at it’s finest.

This stanza from the rap pretty much sums up the Tea Party [...]

Tuesday Economic News

FIRST: An exercising in delaying the inevitable.
More waves of foreclosures will keep downward pressure on home prices in parts of the U.S. over the next several years, two new studies project.
The studies—by John Burns Real Estate Consulting Inc. and Standard & Poor’s Financial Services LLC—both conclude that most efforts to modify loans with [...]

You Can’t Say That He Didn’t Warn You

Promises Schomises.

President Barack Obama said he is “agnostic” about raising taxes on households making less than $250,000 as part of a broad effort to rein in the budget deficit.
Obama, in a Feb. 9 Oval Office interview, said that a presidential commission on the budget needs to consider all options for reducing the deficit, including tax [...]

You Know The Economy Is In Trouble Hooters Is In Danger Of Going Under

Via Lori.
When beer and boobs can no longer make it in today’s market, something is about to hit the fan.
The Atlanta-based “breast-aurant” chain — famous for the scantily clad waitresses who serve up its burgers and spicy wings — is beckoning prospective buyers, sources told The Post.
Hooters has recently shopped itself [...]

The Green Police Are Already Here

In San Fransisco, at least.
Out of all the commercials played during Superbowl 44, I thought this was the most disturbing.

Gavin Newsom, Mayor of San Francisco, made it a reality a couple of years ago. The mandation of separating out their recyclables and compost material from the trash.

while there are [...]

Stimulus Failed. AKA: How Many Times Do I Have To Say That It Wouldn’t Work?

I’m shocked, shocked that the Stimulus didn’t work out.
This week, President Obama had the dubious pleasure of offering a budget with a deficit of more than a trillion dollars. He could have done something more politically attractive: unveil a plan to curb the runaway spending of the Bush years.
But to do that, the [...]

Video: My Friend Sarah

Middle Class Taxes Are On The Rise, Despite What Obama Promised.

UPDATE: A correction in needed for the Reuter’s link. Some of it was right. Some of it was wrong.
The tax increases only on those making more than $250K a year? Obama lied.
NEW YORK (Reuters.com) –The Obama administration’s plan to cut more than $1 trillion from the deficit [...]

Liberal Bias Versus The Reality

Andrew Klavan touches up on a pet peeve that I have. How popular culture always depicts Native Americans as living in harmony with the world when the reality it was quite the opposite.
The Aztecs practiced human sacrifices. Then peel the skin off the body by a slit in the back of the [...]

The Cato Institute Calls Out Barack’s State Of The Union

Still amazed on how fast The Cato Institute cranked out this video. Touching on several points of Barack’s speech. Someone had to show where Barack went wrong.

Tip of the hat to Treacher.
Cross posted here At The Point Of A Gun.