the weakonomist

Fiscal Responsibility: Obama Takes the Reins

My representatives that voted for the stimulus got an earful from me, it's still the worse case of pork ever signed by a president. However we knew it was going to get passed and our reps on the right did their best to pull some of that pork out.

Obama has done the right thing to make this promise to cut the deficit. He's either shaping himself up to be the best president ever or the worst.

I'm scared to admit it, but I'm getting closer and closer to pouring a glass of the Obama Kool-Aid.

The Downfall of Keynesian Economics and the U.S. (Part 3 of 3)

1) If I borrow $100 to farm, then I'm paying someone $100 too.
2) Maybe I paid someone in China, but that is hardly saying it disappeared from our economy. China is kind a a big investor here.
3) Your first chart in Part III only illustrates money is moving through the economy faster. So?
4) Gold and Oil have tanked
5) Low interest rates also means the govt is borrowing on the cheap from those Chinese.
6) This recession only proves that hedge funds don't really hedge, real estate is not a risk free investment, and we're all motivated by our own greed. Like the great depression, you'll see the emergence of a generation of conservative money savers.

I know we're in trouble, but the end of Keynes Economics spells the end of capitalism. The end of capitalism spells the age of The United Federation of Planets. I don't see any Vulcans.

Go buy your gold and sit in an a-bomb shelter grandpa, I'll be at work.