Recently in Sarah Palin Category

Greece Enters Krugman Death Spiral

May 20, 2011 12:51 PM
Greece is facing another  - and this time major downgrade to its debt by Fitch and the continent's liberal policies may indeed bankrupt the EU. In the US - the Obama administration in partnership with Pelosi, Reid and liberal Democrats are not only modeling US policy on Europe they are trying to get to insolvency first. Paul Krugman of the New York Times is the biggest proponent in the media of spending well beyond our means and many use his writings as cover to behave financially in a way they wouldn't and can't in their personal or corporate lives.

I hope those who believe in fiscal responsibility and hope to leave a better country to their children will join me in utilizing the new and infinitely accurate term "Krugman Death Spiral" when referring to any country which spends beyond its means and subsequently spirals downward.

Obama Death Spiral works as well - or Reid or Pelosi - your call really. Continue Reading...
Sure, keep trusting those “experts”

I am not a financial expert nor am I an economist – but considering they all have missed virtually every significant financial event from the dotcom bubble to the telecom bubble and the housing bubble let’s just say not being an economist or financial expert probably is a distinct advantage.

Having said this, I would like to discuss a few issues which need to be out in the open and discussed before the new Congress begins.

Bank runs are bad

Banks do not keep all of their assets in cash meaning if the majority of a bank’s customers decide to withdraw all of their money at the same time, the bank collapses. Think about it – they loan much of the money they have to others and don’t have access to it all. When one bank collapses there is a chance other investors will get spooked and create a cascade of bank failures. When not stopped, you have the potential for another Great Depression.

Bank runs are currently stoppable because governments can stop them

To date, bank runs have been stopped because governments around the world have been able to stop them by assuming the bad loans the banks have made.

Soon, global governments may not be able to stop the bank runs
With all the debt global governments have amassed, there is a possibility at some point that investors will start a global bank run meaning county after country will see their banks collapse because the confidence in the ability of a country to pay back its debt has plummeted.

Ireland may kick off a worldwide panic

If you follow financial news you may know much of Europe is in trouble because in general they work less hours than they should and produce far less than they need to in order to sustain the lifestyle they live. Continue Reading...

Washington Elite Disconnect

December 15, 2010 10:52 AM
If you graduated college and live in the DC area you are less than half as likely to think Sarah Palin is qualified to be President. So says a Politco poll which is full of useful information which shows fairly consistently that Washington elites are somewhat if not totally disconnected from the rest of the population.

Consider that this month, 38% of the DC elites think the economy is headed in the right direction but only 26% of the general population believes this is the case.

The poll itself shows why the disconnect is taking place. We know that the Obama administration is responsible for the largest federal payroll in history so we would assume that government workers and those who feed off them are very happy. Moreover, the average government worker makes twice what the typical non-government worker makes. Continue Reading...

Obama Tax Position Analysis

December 10, 2010 3:20 PM
The recent press conference where President Obama tried to sell tax cuts for those making over $250k while extending unemployment benefits for 13 months struck me as being odd but until I read Peggy Noonan's article titled From Audacity to Animosity, I couldn't understand what was so perplexing.

This portion of the article is most important:

President Obama was supposed to be announcing an important compromise, as he put it, on tax policy. Normally a president, having agreed with the opposition on something big, would go through certain expected motions. He would laud the specific virtues of the plan, show graciousness toward the negotiators on the other side—graciousness implies that you won—and refer respectfully to potential critics as people who'll surely come around once they are fully exposed to the deep merits of the plan.

Instead Mr. Obama said, essentially, that he hates the deal he just agreed to, hates the people he made the deal with, and hates even more the people who'll criticize it.

Continue Reading...
Bristol Palin, daughter of former Alaska Governor Sarah Palin, and professional dancing partner Mark Ballas pose backstage after the premiere of ABC's series Dancing with the Stars Season 11 in Los Angeles September 20, 2010. REUTERS/Fred Prouser (UNITED STATES - Tags: ENTERTAINMENT)

Nothing gets the Left in a crazy tizzy more than the name "Palin". Apparently, it isn't exclusive to Sarah Palin, since Bristol Palin has inherited the gene. Thank you Bristol Palin for providing continuing popcorn entertainment allowing us conservatives watch the Left stomp like a spoiled little child that didn't get their way. Continue Reading...

How NOT to Compete with India and China

November 14, 2010 10:27 AM
Whether you are on the left or right - the one thing we can all agree upon is that when people are given enough to make them comfortable - they quite often become less interested in working and producing. Most people work to generate income - take care of their family and their health, etc.

The more they receive without working - the less requirement there is to be productive.

Austin Hill details the fact that fewer Americans want to work - in part because of Obamacare - and this should scare the heck out of all of us. Not because "free" healthcare is evil but because an nation which is given increasing incentives to not work will get its clock cleaned by countries where the work ethic is greater.

We believe that if the US is to compete with developing countries - we need to explore what they do and we don't. In other words, what makes the US uncompetitive? Continue Reading...
I've heard from several of my fellow Republicans and some famous Republicans like Karl Rove say that Sarah Palin doesn't have the "gravitas" to be President. Why is that? Why is it that we've all been conditioned to believe that our President has to go to Harvard or Yale? President Obama's college records and SAT scores are a mystery and he's refused to release them. Continue Reading...

Recent Comments

  • Musing: I say cut the salaries of the house and senate read more
  • Anonymous - Government worker: Obama reaches out and makes a decision to cut government read more
  • Rich Tehrani: It is surprising that your pay is lower than what read more
  • anonymous: As a federal worker I wish I was paid what read more
  • Peter: Unless you live in Florida and watched the drama unfold, read more
  • Tom Keating: Ok, that's just freaky, cuz I watched this like 15 read more

Subscribe to Blog