Archive for ‘stimulus’

July 31, 2009

Bareback Bailout: Stimulus Interruptus

Michelle Malkin:

Stimulus money for the National Endowment for the Arts is supposed to be “restricted specifically to job preservation.”
But a look at the list of NEA stimulus projects reveals that the money is being used instead for sexual titillation.

And not merely the Democrats’ usual sadistic delight in screwing taxpayers, Really, who could object to International BikiniFest, when peepshow politicians pay the NEA for this stuff?

Some members of Congress raised alarms as the stimulus bill was being drafted and approved, but President Obama, while admitting there were problems with the $787 billion legislation, stressed the need for immediate action to resuscitate the economy.
“We can’t afford to make perfect the enemy of the absolutely necessary,” Obama said at the time.
But he presumably didn’t intend to have stimulus money help fund the weekly production of “Perverts Put Out” at San Francisco’s CounterPULSE, whose “long-running pansexual performance series” invites guests to “join your fellow pervs for some explicit, twisted fun.”
CounterPULSE received a $25,000 grant in the “Dance” category; a staffer there said they were pleased to receive the grant, “which over the next year will be used to preserve jobs at our small non-profit.”
Similarly, the director of Frameline, the gay and lesbian film house, told FOXNews.com in an e-mail that their $50,000 grant was not to support any program in particular.
“The grant is not intended for a specific program; it’s to be used for the preservation of jobs at our media arts nonprofit organization over the next year during the economic downturn,” wrote K.C. Price, who listed four other NEA grants his organization has received.

Good news: If ObamaCare passes, there will be free counseling for Republican taxpayers raped by Congress.

Democrats? You were askin’ for it . . .

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July 30, 2009

Bulls, Bears and Erin Burnett

Trying to focus on the objective facts:

Sitting here watching CNBC’s Erin Burnett raving about today’s Wall Street surge — DJIA up by more than 150 points as of 3 p.m. — my natural pessimism looks for the cloud behind the silver lining. . . .
Well, good news for those who bought low (in March) and are now in a position to sell high. But does this mean that the market “bottom” is behind us and recovery awaits around the proverbial corner? I’m not persuaded. Today’s rally is chiefly being attributed to good news from China, an independent variable. If I were playing the market, I’d be watching bonds very closely. The bond market is the canary in this fiscal coal mine. . . .

Read the whole objective thing.

July 20, 2009

VIDEO: Extended-Release Stimulusol(TM)

From The Nose On Your Face:

Just give me the Rohypnol and maybe something for the next-day discomfort after being forcibly gang-sodomized by SEIU, IRS, EPA, UAW, NEA, NARAL, ACORN, PPFA, AFSCME . . .

March 23, 2009

New book: MELTDOWN

Got an e-mail from Human Events with a special promotion of Profesor Thomas Woods’s new book: Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse. From the e-mail:

President Obama rammed through his new stimulus bill, warning of an irreversible recession if Congress failed to act.
But bestselling author Thomas E. Woods Jr. warns that Obama’s “stimulus package” will do far more damage to our economy than even the Republicans in Congress realize.
In his New York Times bestseller, Meltdown, Woods shows how this new bailout (just like last year’s bailout) will quickly drive our nation deeper into recession.

See? Another example of why I can’t score the big bucks as a writer. I made the mistake of boiling it down to three words: It Won’t Work.

Of course, for those of you who haven’t studied economics enough to know why it won’t work (hello, President Obama!) Professor Woods will certainly give you your money’s worth. He is also the author of the huge bestseller, The Politically Incorrect Guide to Amerian History.

March 6, 2009

Karl Rove: ‘It Won’t Work’

A few days before CPAC, I learned that Karl Rove was following my Twitter feed, and the scary thing about that — even more than the possibility of Karl researching all the nasty crap I’ve said about him before we became BFFs — was that I might become “influential.” So imagine my horror when Jennifer Rubin blogged the latest Rove column:

Eloquent words and “spin” work better in a campaign than they do while governing. And as Mr. Obama is discovering, the laws of economics won’t change, even for him.

OK, here’s me, Feb. 15, at AmSpecBlog:

The fiscal fantasies of Hope are about to slam head-on into the economic realities of the bond market. Economic reality is an unmovable object, and liberals are about to discover that Hope is not an irresistible force.
Or, in fewer words: It Won’t Work.

No specialized knowledge or advanced education is needed to understand why Obamanomics won’t work. All you need is two eyes, a brain, and the common sense of common people. Ignore the polls. Ordinary Americans who are watching their hard-earned retirement savings evaporate in the stock-market meltdown caused by Obamanomics are beginning to realize that Hope is a poor substitute for basic economics.

As bad as the stock-market slide has been, try to imagine the crisis that could ensue if the bond market gets the jitters. Associated Press on Wednesday reported:

Analysts are anticipating that the Treasury Department on Thursday will announce plans [to] auction $60 billion in notes next week. The government has been issuing debt this year at a record pace to finance its bailouts.
So far, auctions have been met with solid demand. But investors have gotten warier about buying Treasurys, particularly long-term ones.

No sign yet of a doomsday scenario, but these massive deficit-spending schemes piled one atop each other are placing unprecedented pressure on capital markets already ratcheted drum-tight by the bursting of the housing bubble and related financial fallout. Obama’s budget is a fantasy, and while bonds tend to go up when stocks go down (people shifting capital from risk to security), we’re now on such shaky ground — fiscal, financial and monetary policy all going where no policies have gone before — that the future is beyond prediction, certainly for a mere amateur like me.

People are scared. People are angry. They’re “going Galt.” They’re planning a National Tea Party April 15.

Good-bye, Hope and Change. Hello, Fear and Loathing. When the going gets weird, the weird turn pro.

(Cross-posted at AmSpecBlog.)

February 25, 2009

Digging deeper

At AmSpecBlog, I attempt to put into words my vast exasperation with the transparent bogusness of Obamanomics:

This goes back to September, when John McCain declared, “The fundamentals of our economy are strong.” Michelle Malkin finally got fed up with what she called the “Pollyanna conservatives” and burst out: “The fundamentals of the market suck.” And the sucking has only grown louder since then. . . .
We are headed for ’70s-style “stagflation.” Never mind what the Dow Jones does today; it will be below 6,000 by Christmas. Obama doesn’t know what he’s doing, and what he’s doing is standing at the bottom of a hole demanding we dig faster.

Our financial problem is caused by excessive debt, and you cannot borrow your way out of debt. Somebody owes Ron Paul an apology, because he’s been right about this problem all along.

February 22, 2009

$1 Million a Day for 2,000 Years

That’s still less than Congress just spent on the Obama/Pelosi/Reid $800 billion “stimulus” plan.

Powerful video from The American Issues Project, which has a 35-page PDF with the facts about the “stimulus.”

February 4, 2009

Palin: ‘We don’t need no stinkin’ stimulus!’

Well, something like that:

Governor Sarah Palin again today expressed her serious concerns with President Obama’s proposed stimulus package. In a joint letter sent to Alaska’s congressional delegation, Governor Palin, House Speaker Mike Chenault and Senate President Gary Stevens cautioned that unrestrained spending, initiation of new programs that the states may be asked to continue after the federal stimulus is gone, and the borrowing of hundreds of billions of dollars to pay for it may result in serious economic problems in the future.
Governor Palin recently traveled to the nation’s capital to personally express her concerns with the stimulus package with business, economic and political leaders. The trip was not an effort to endorse or lobby for the current stimulus package now before Congress.
“I agree with the decision of Senator Murkowski and Congressman Young to vote NO on the package,” Governor Palin said.

Hmmm. “Libertarian Populism”? “It Won’t Work”? “The Bible vs. the Bailout”? Nah, she’d have to actually be able to “read and write” to know anything about that stuff. Certainly those “ordinary barbarians” at Conservatives4Palin don’t go in for any of that fancy high-falutin’ book learnin’ crap.