Category Archives: Economy

ISIS Nuisance

151118-ISIS-NuisanceJohn Kerry thinks terrorists might have had cause for murdering cartoonists but the attack on Paris is beyond the pale. He backpedalled his statement but here it is. At least he didn’t croon “You’ve got a friend”.

He based his presidential campaign in 2004 on the idea that Islamic jihad is just a nuisance. President Obama feels the same. He wants to close Gitmo and prosecute Islamic jihadists though the US court system.

President Holland feels differently. Freedom fries anyone?


This analysis by John Lloyd of Reuters says it’s not only an act of war, ISIS is an “existential threat”.

Hillary Fixes Wall Street

151117 Wall StreetHillary didn’t appreciate Bernie Sanders’ comments about her millions and millions in contributions from Wall Street. Bernie thinks big shot investment bankers expect a return on their investment in Hillary.

Hillary took offense. She said Bernie had questioned her integrity. Who doesn’t?

Hillary immediately threw down the gender card, claiming most of her contributions come from women. Then she played the 9/11 card. She reminded us that she was a Senator from New York. And  that New York had suffered an attack by Islamic, well, terrorists on 9/11. And that the attack happened near Wall Street. All that money was for Wall Street repairs.

Mizzou Football Econ 101

151110-mizzouNutty professors calling for muscle weren’t the biggest story during the University of Missouri protests. The football team was.

Thirty-six hours after black players said they would strike, the president and chancellor resigned. Mizzou would have had to pay Brigham Young University a million dollars if it cancelled Saturday’s game.

Now that football players have had their consciousness raised about their economic clout, will they use it to their own benefit?

Pipeline to Paris


When President Obama killed the Keystone Pipeline last Friday he threw blue collar unions under the bus in favor of elitist greens. That’s according to Terry O’Sullivan, president of the Laborers International Union of North America.

Obama agrees:

“Approving this project would have undercut our global leadership on climate.”

He hopes to lead the UN climate conference in Paris at the end of the month.

Keystone Killed


After seven years of dithering, President Obama killed the Keystone pipeline on Friday. He said the project wouldn’t make a meaningful long term contribution to the economy.

Matt Lewis in The Week explains the real reason the president took so long. Labor unions were for the pipeline and environmentalists were against it. Labor isn’t happy:

We are dismayed and disgusted that the president has once again thrown the members of [The Laborers’ International Union of North America], and other hard-working, blue-collar workers under the bus of his vaunted ‘legacy,’ while doing little or nothing to make a real difference in global climate change. His actions are shameful. [LIUNA, via The Hill]

New Canadian Prime Minister Justin Trudeau took the slap in the face more gracefully.

Warren Buffett took the news gracefully too. Oil not shipped by pipeline will have to he shipped by train. He owns the trains.