There are those who would contend that the economic path followed by Detroit (a bankrupt city in all but formalities) is the path that Obama has in store for our nation… You can read more about it here.
Category: Politics
Other People’s Money
From Joe K…
Winning Political Positions
I good commentary from Arthur Brooks… I can summarize some of the positive political positions: The core problem with out-of-control entitlements is that the impending insolvency of Social Security and Medicare imperils the social safety net for the neediest citizens.
An Interesting Letter to Dear Abby
Dear Abby, My husband has a long record of money problems. He runs up huge Credit Card bills and at the end of the month, if I try to pay them off, he shouts at me, saying I am stealing
Misery in the Greek Economy Continues
At least eight in every 10 citizens in Greece who have taken out a loan are having trouble with repayment… I think we’re getting closer to the Germans repossessing the Parthenon. via Mish’s Global Economic Trend Analysis: 84% of Greeks,
An Economist’s View of ‘Infinite’ Spending
Billionaire and Head Nanny of New York City, Michael Bloomberg notes: ‘Oh, you can’t spend money you don’t have.’ That is true for your household because nobody is going to lend you an infinite amount of money. When it comes
68 Years Ago… and Now
You may be aware that the United States hit Hiroshima, Japan with an atomic bomb towards the end of WWII in 1945… As you can imagine, the city of Hiroshima was almost completely destroyed (see photo below). It’s interesting to
Obamacare, Medical Device Tax, and the Cost of Healthcare
You may have heard that Obamacare levies a tax on medical device manufacturing companies. This is all part of Obama’s redistribution strategy (from “rich” medical device makers to the Democrat voters). Unfortunately, in the real world, companies often shift
How One Man Views Obama
I don’t think I can summarize it any better than Mr. Hawkins did in his commentary, 5 Reasons Barack Obama is a Creep: 1) Obama never stops campaigning 2) What he says is completely unrelated to what he does 3)
I have a …. What?
Interesting contrasts… Martin Luther King versus Barack Husein Obama