Hunger Games Economics: Washington Sees Incomes Soar as Most of U.S. Declines

I can tell you as one who spends a fair amount of time in Washington DC that times are good in and around the District. I’ve lived in the suburbs of the place for nearly 20 years (I can’t believe that I just wrote that) and I have never seen as many Teslas, Maseratis, Ferarris, and high end Mercedes Benzes driving down Constitution Avenue as I do now. The place isn’t littered with them, but they are pretty common. More common than in your home town it’s probably safe to say.

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The Behind The Scenes Cronyism That Helped Plant The Seeds Of The Financial Crisis

Between the Fed and its asinine monetary policy, and the government and its asinine social policy, mix in a little greed unregulated by the market, and a financial crisis was just a matter of time. Incompetence, dream world thinking, and unethical business are a potent formula for economic dysfunction

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Obama says he wants to ‘partner’ with American business

President Obama and GE CEO Jeff Immelt share a tender moment.

This is nothing new. They’ve long been partners. From GM to Goldman Sachs, from GE to Monsanto, this administration has sought to “partner” with business since the beginning.

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Is the Consumer Financial Protection Bureau already “out of control.” Judicial Watch says it is

The CFPB falls under the umbrella of the Federal Reserve. It is funded by the Federal Reserve, which makes the Bureau very unique. Congress can’t rein it in fund wise, because the Federal Reserve makes its own rules. The Fed in many ways is bigger than Congress, and in the CFPB the Fed has gained a powerful, self-funded tool to do what it wants in the everyday economy.

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Someone spray painted “1776” all over a speed camera robot (which issues tickets) just outside of DC

You’ve been speeding Dave…

I just can’t believe that anyone would have a problem with an inanimate object issuing them a speeding ticket and extracting revenue for the county without even 1 human knowing what had occurred. Some people will just never get used to Big Brother. Trouble makers.

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A Fed Study Acknowledges QE As a Costly Failure

QE has soothed the animal spirits and the beasts on the Street have come to believe that they need it to survive. (At least the bulls feel this way.) It is both sedative and stimulant, and it is highly addictive. Dr. Feelgood aka Ben Bernanke has kept the supply ready but people are worried that the free money days might be coming to a close. Every time the Street thinks their laudanum is about to be taken away it throws a fit.

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