Category Archives: Stimulus

Page Turner

September 1, 2010   Economy, Iraq, Military, Obama, Politics, Stimulus, War on Terror

100901bokloresIn his Iraq speech, the president blamed the war for our bad economy.

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Voltwagon

August 5, 2010   8/03-8/07, auto bailout, Auto Industry, bailout, carbon, climate change, Economy, Evironment, global warming, Government, Obama, Politics, President

Fredrich Hayek’s 1944 classic Road to Serfdom has become a best seller again. He said that governments tend to plan production for political, rather than market, purposes. Government owned GM’s new Volt costs $41,000, runs on a battery, and gets 40 miles per charge.

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Harpernomics

June 29, 2010   6/26-7/02, canada, Economy, Foreign, Stimulus

100629bokloresCanada won Best Economy at the G-20 Summit in Toronto. Our northern neighbor has a declining 8% unemployment rate while we marinate in a 9.7% rate. Fortune says Canada’s winning ways are due to less public spending and no bankers gone wild.

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GM Pays You Back

May 14, 2010   auto bailout, Auto Industry, bailout, Economy

100514bokloresGM paid off its TARP loan with money from its TARP escrow account, then used more of your money to buy ads to brag about it. Nick Gillespie explains on Reason TV.

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E.U. Chain of Custody

May 12, 2010   bailout, Economy, Foreign, Stimulus

100511boklores1

The busy beaver U.S. Treasury is consulting on the side. It advised the European Union on the benefits of bailouts. Here’s the NY Times story. And here’s a link to George Will on the chain of fools. He says, “Bailing out Greece really rescues European banks that improvidently bought Greek bonds”.

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