Category Archives: Economy

S&P Downgrades Fannie And Freddie, Others

The hit parade keeps coming. Liberal Talking Point by end of day: it’s the TEA Parties fault Standard & Poor’s ratings service today announced it was downgrading the credit of Fannie Mae, Freddie Mac and 10 of 12 Federal Home Loan Banks that were propped up by the federal government after the financial crisis of […]

Obameconomy: Companies Flee U.S. For Greener Pastures

As we watch the world markets plunge due to the US downgrade, and await the opening of the US markets, we await Mr. Obama to finally make some sort of public statement about the downgrade. Something. Anything. Though, some sort of positive motivational speech would be nice. Remember when people whined about President Bush always […]

Guess Who’s Fault The US Downgrades Is

Surprisingly, not Bush’s. But, that is sure to come soon. Instead, George Soros funded Matthew Yglesias goes with Boehner’s Folly Leads To S&P Downgrade of US Debt Yes, Boehner is the Villain! I’m no expert, we could probably stop after Matthew’s first three words but I don’t think S&P downgrading its rating of US debt […]

Is The Stock Market Plunge Obama’s Fault?

It’s an interesting question, in which Roger L. Simon wonders whether Obama should resign, and puts it this way The worldwide market plunge since the signing of the U.S. debt agreement tells us one thing above all: Almost no one on the planet has confidence in the leadership of Barack Obama. A CEO with such […]

Bad News: Democrats Will Focus On Jobs Again

And we all know what happens when they actually focus on jobs: things get much worse. Then they get distracted by a shiny abortion or something, and things slowly get worse The debt ceiling crisis barely was averted Tuesday when President Barack Obama and other top Democrats were ready to change the subject. Obama offered […]

Obameconomy: Even Strip Clubs Are Having Problems

You know things are tough all over when we read this Las Vegas strip clubs battle tough times with freebies, buffets So says the Las Vegas Review-Journal, in a story about Sin City’s famed take-it-off attractions. More than ever, clubs are relying on discounts and special offers to compete against each other and lure clientele, […]

President One Trick Pony Still Wants Tax Increases

It may be more fun to call him President Snippy Pants, but, the guy really is a one trick pony President Obama admitted in a video message the debt deal is “far from satisfying,” but he comforted supporters by suggesting they won’t get rolled as badly the next time around. (snip) “I’ve said from the […]

If You Thought The Debt Deal Was The End Of The Fight….

…..sorry, no, it could bring on an even bigger fight, per Reuters Kevin Drawbaugh: Analysis: Storms ahead as debt deal sets up tax fight If Congress passes the debt ceiling deal by Tuesday, as expected, it could trigger a battle over tax reform within weeks and turn Washington once again into a dateline for deadlock. […]

When MSNBC Says A Double Dip Recession Is Here….

Then things are quite a bit worse then they appear. Douglas A. McIntyre provides 10 signs the double-dip recession has begun Friday’s news on GDP shows the double dip has arrived — an expansion of only 1.3 percent and consumer spending up 0.1 percent in the second quarter. Astonishingly low by any account. The debt […]

Debt Deal Winners And Losers

Over at the Washington Post, Chris Cillizza breaks down the winners and losers in the debt deal. Here are a few of his winners Tea party: There were major questions coming into the 112th Congress about who would blink first — the largely establishment-aligned leaders of the new Republican House majority or the tea-party-aligned freshman […]

Pirate's Cove