Archive for ‘It Won't Work’

July 25, 2009

From the Dept. of It Won’t Work

Microsoft reports losses, the Dow is overvalued, Nouriel Roubini sees a “perfect storm” ahead, consumer confidence is down, double-digit unemployment in Michigan, Florida and Atlanta, the FDIC seized six banks Friday, and major banks are bracing for a wave of defaults on commercial real-estate loans . . .

Hey, how come nobody’s blogging about this stuff? Well, somebody is: NOT TUCKER CARLSON.

June 8, 2009

Gotta correct Vodkapundit’s drunken math

by Smitty

Vodkapundit uses some Drudgereport links as a launch pad for discussing BHO economic policy, emphasis mine:

Some of us have been warning you about this since before Obama was even sworn in. Look, stimulus spending can’t work, because of one of three things happens:

  1. That extra spending means extra taxes which means the whole thing is a wash. (Government spending having some “multiplier” effect unknown to consumer or business spending is a big, fat lie.)
  2. That extra spending means extra debt, which drives up interest rates, which chokes off growth.
  3. That extra spending means extra money being printed, which means inflation which means any growth is illusory.

It is not a “big, fat lie” in the slightest. You can easily have a coefficient that is < 1. Maybe in a government context, it would be better termed an “inefficient”, but that doesn’t negate its life, any more than lack of a birthday negates the life of an infant.
The Other McCain–keeping the math real since 31Feb08

May 27, 2009

What Part of ‘It Won’t Work’Is So Hard to Understand?

Dec. 8, 2008: It Won’t Work
Feb. 9, 2009: It Still Won’t Work
May 4, 2009: Hey, By The Way, Just In Case You Didn’t Notice, It Won’t Work
May 27, 2009: OK, Now I Will Speak Very Loudly So Maybe You’ll Understand: IT WON’T WORK!

Lather, Rinse, Repeat: IT WON’T WORK!

UPDATE: “Are the people of this country really that stupid??” Adrienne, did you ever hear of something called “the public education system”?

April 10, 2009

VIDEO: Rep. Paul Ryan on Obamanomics

Chris Moody at Cato Institute sent this to me, because he knows about my new man-crush on Ryan.


P.S.: Be sure to check out MELTDOWN, Professor Thomas Wood’s new bestseller about the financial crash and why Obamanomics won’t work.