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Glocks-n-Gold

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  • On to Plan B: With California's fiscal year set to begin Friday, Governor Jerry Brown says he and Democrats in the legislature have closed the state's $9.6B budget gap without GOP support (though the plan assume $4B more in revenue than earlier forecasts). With no new taxes, the plan relies on one-time items - meaning that even in the best case, the can is kicked to 2012.  [View news story]
    If we really want to "protect education in California" it's as simple as keeping the children as far away from unionized indoctrinators, er, ah teachers, as possible.

    Excellence and unions are mutually exclusive, though I don't expect any union dolt to understand what that means...
    Jun 28, 2011. 11:51 AM | 7 Likes Like |Link to Comment
  • Wall Street's switch to higher salaries and lower bonuses to avoid TARP caps may have unintended consequences: mass layoffs. Without the flexibility to cut bonuses during lean periods, fixed costs such as high salaries leave firms with little alternative but to cull the ranks.  [View news story]
    About time those bstrds experience how the rest of us have been having to live.
    Jun 21, 2011. 01:41 PM | 1 Like Like |Link to Comment
  • The Obama administration is intensifying a crackdown on employers of illegal immigrants, notifying another 1,000 companies the government plans to inspect their hiring records. Wednesday's surge in "silent raids" brought to 2,338 the number of companies audited by ICE in the current fiscal year, topping last year's record of 2,196.  [View news story]
    Lead the way Barry! Get your loser a$$ back to Kenya. There's probably an opening for a village idiot/organizer somewhere.
    Jun 16, 2011. 12:38 PM | 2 Likes Like |Link to Comment
  • Medicare saves money, Paul Krugman argues: Yes, adjusting for inflation, Medicare spending per beneficiary rose more than 400% from 1969-2009. But inflation-adjusted premiums on private health insurance rose more than 700% over the same period. "So while it’s true that Medicare has done an inadequate job of controlling costs, the private sector has done much worse."  [View news story]
    You say Krugman, I say Douche Bag...
    Jun 13, 2011. 07:46 PM | 3 Likes Like |Link to Comment
  • This time is different, says Stephen Roach, arguing why the China "development miracle" will continue. The crux of his case seems to be that smart central planning really can abolish the business cycle and direct a massive nation and impossibly complex economy exactly where it wishes it to go.  [View news story]
    In Roach's defense, he is connected with one of the "Ivy League" schools which means there's just no way for him to know better. Or really know anything for that matter.
    May 27, 2011. 04:45 PM | 4 Likes Like |Link to Comment
  • This time is different, says Stephen Roach, arguing why the China "development miracle" will continue. The crux of his case seems to be that smart central planning really can abolish the business cycle and direct a massive nation and impossibly complex economy exactly where it wishes it to go.  [View news story]
    Doesn't "smart central planning" qualify as an oxymoron?
    May 27, 2011. 02:46 PM | 7 Likes Like |Link to Comment
  • California AG Kamala Harris joins NY's Eric Schneiderman in breaking from the combined 50 state investigation into mortgage fraud at the largest banks. The move is a further blow to the banks who hoped to sweep everything under the rug by reaching a mass settlement before any investigation had taken place.  [View news story]
    Hang. Them. All.
    May 23, 2011. 03:41 PM | 1 Like Like |Link to Comment
  • "I don't think the policymakers know what the consequences are of what they're doing," says Mohamed El-Erian. He believes the Fed calling elevated prices "transitory" is a mistake because it removes the fear of tighter policy from the market.  [View news story]
    I'm willing to bet the policy makers DO know the consequences of their actions and have just said "the hell with the little people". All a part of Obarry's plan to transform America.
    May 13, 2011. 03:22 PM | 1 Like Like |Link to Comment
  • Momentum is building toward Lloyd Blankfein's ouster as Goldman Sachs (GS -1.6%) CEO, industry players suggest, to help repair the bank’s negative image and appease regulators. “If the Justice Department acts upon recommendations by Congress, there’s no way that Blankfein will be able to stay," says Dick Bove, who downgraded Goldman's stock yesterday.  [View news story]
    Ouster should equal public flogging followed by his public hanging. Then, do the same to Holder!
    May 13, 2011. 03:16 PM | 2 Likes Like |Link to Comment
  • The "self-appointed wise men, officials and pundits" who advocated "budget-busting policies during the Bush years" are trying to shift the blame for current economic troubles away from themselves, Paul Krugman writes. "It was the bad judgment of the [conservative] elite, not the greediness of the common man, that caused America’s deficit."  [View news story]
    I guess blondes do have more dumb.
    May 9, 2011. 03:19 PM | 3 Likes Like |Link to Comment
  • The "self-appointed wise men, officials and pundits" who advocated "budget-busting policies during the Bush years" are trying to shift the blame for current economic troubles away from themselves, Paul Krugman writes. "It was the bad judgment of the [conservative] elite, not the greediness of the common man, that caused America’s deficit."  [View news story]
    True.

    Though it would be nice if SA could somehow put Krugman and his pals at the small table where the adults can keep on eye on them but not let them disturb (too much) the conversations among the grown ups.
    May 9, 2011. 03:17 PM | Likes Like |Link to Comment
  • The "self-appointed wise men, officials and pundits" who advocated "budget-busting policies during the Bush years" are trying to shift the blame for current economic troubles away from themselves, Paul Krugman writes. "It was the bad judgment of the [conservative] elite, not the greediness of the common man, that caused America’s deficit."  [View news story]
    It gets harder and harder to view SA as any sort of serious information source when they continue to report on the lunatic ramblings of the Krugman's in the world.
    May 9, 2011. 11:23 AM | 5 Likes Like |Link to Comment
  • The U.S. will hit the debt ceiling May 16, with Aug. 2 marking the ultimate deadline, and emergency measures to avoid a crisis begin this week, Geithner says in a letter to Congress: "Any attempt by either party to use the full faith and credit of the United States as a bargaining chip to advance partisan policy agendas would be irresponsible."  [View news story]
    Turbo tax Timmy talking about responsibility and debt ceilings is akin to Farrakhan preaching tolerance and respect for the Jews.
    May 2, 2011. 04:16 PM | 3 Likes Like |Link to Comment
  • It hardly matters what Geithner says when seven out of every 10 voters say they oppose raising the debt ceiling, Stan Collender writes. "This almost certainly means that most representatives and senators will need to vote against a debt ceiling bill at least once so that they have something on the record showing their constituents that they were with them."  [View news story]
    If they really want to show us they're with us, an affirmative vote on articles of impeachment of the POTUS would do it nicely. Or a jointly signed letter from both houses strongly urging him to resign ASAP.
    Apr 20, 2011. 06:37 PM | 17 Likes Like |Link to Comment
  • The Obama administration privately urged S&P for weeks not to lower its outlook on U.S. debt, the Washington Post reports. S&P analysts told Treasury officials last Friday that they were unmoved by arguments that the debt was manageable and Obama had a viable plan in the works.  [View news story]
    Obama. Viable plan.

    Three words that just don't go together.
    Apr 20, 2011. 03:04 PM | 10 Likes Like |Link to Comment
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