Poll: 1 in 3 Independent and Republican voters see the government as an “enemy”

Many people see the federal government as not reflecting their views at all. Some see the unending expansion of the state into every nook and cranny of life, and the gaming of the government by powerful corporate and political interests, as a real threat. Indeed that our massive government is encroaching on the things many Americans hold particularly dear, independence, for some – faith, economic liberty, liberty generally, privacy, and so on.

Read More

HHS: Bailing out Obamacare insurers an ‘obligation’ of the federal government (That means you and me)

Well, there you go. We warned about this a month ago. Obamacare is a failed plan and it will fail more. But people will try to have the taxpayers pay for this disaster, Obamacare, aka Obama’s Iraq War. One month ago we said;

Read More

Perhaps the best 5 minute geopolitical and economics lesson you’ll ever see. From the movie NETWORK

Ned Beatty isn’t totally right here but there’s a good bit of truth in what he says. Regardless below is one of the greatest scenes in all of cinema and everyone should see it.

Read More

Citigroup Executive (Who benefited from the bank bailouts) Reviews Book on the Federal Reserve

Love that “Dumbo” is on the back. Not a Federal Reserve note (last time I checked), but basically the same.

Hey, here’s a shock. Robert Rubin loves the Fed! I can’t believe it. It’s not like Robert Rubin has profited handsomely (to put it very mildly) under the central banker planned economy.

Here’s what’s frustrating for many of us in the Fed critic world. So few people really want (to try) to understand money. Money can be a scary thing.

Read More

Republicans move to revive government bank loathed by conservatives

Ohio Republican Congressman Steve Stivers who is in charge of swaying Republicans to join Democrats to restart Ex-Im, Boeing’s (and GE’s) Bank.

Find your member’s phone number HERE.

Read More

GE, bailed out by taxpayers, mad that it may not get subsidized loans through Ex-Im Bank any longer, Takes jobs overseas

Thanks for the tax dollars suckers!

GE is one of the great American crony companies. Jeff Immelt, once head of Obama’s “jobs council” and current CEO of General Electric, has played the crony game extremely well. First in securing emergency financing courtesy of the American taxpayers because it screwed up royally. And then he was able to exploit various Obama era boondoggles which funneled money GE’s way on an ongoing basis. (Think wind turbines etc.)

Now Mr. Immelt is stamping his feet because it looks like GE may permanently lose the the sweetheart deals it has at the taxpayer underwritten Export Bank.

Read More

Volkswagen “Cheating” Fine Is 20 Times Higher Than GM’s For ‘Killing 174 People’

Yesterday we asked whether the EPA (or some other regulatory agency) would have gone after GM like the EPA is going after VW, had GM done what VW is alleged to have done. We argued that it likely wouldn’t have. In the back of our minds was the recent GM ignition switch scandal which the US government didn’t seem very concerned about. Well, actually the government was concerned, but not for the public. The Obama administration didn’t want to make a big stink because GM,

Read More

Wall Street starts talking openly about a Fed driven bubble in stocks

Robert Shiller, not always our favorite economist here, is warning that the stock market is looking particularly bubbly. This isn’t a huge story except that talk of a bubble is now coming from one of the accepted shamans of Keynesianism. Shiller also called the tech bubble and housing bubbles accurately. His book Irrational Exuberance is a classic.

Read More