So says Daniel Greenfield: There are people who have reason to be enraged at Wall Street, but they rarely show up at rallies. They are too busy working a second job in their seventies or sitting outside a factory that was shipped off to China. And the people who do show up at rallies invariably have nothing to do with Wall Street and are financed by billionaires who made their money, directly or indirectly, in the stock market. The paradox of Wall Street financed radicals…
Paleocon Patrick Buchanan believes he knows why America’s economy is circling the drain: Poverty in 21st century America is not poverty in the Paris of “Les Miserables” or the London of Oliver Twist or the Dust Bowl of Tom Joad. The so-called “poor” are heavily dependent on the kindness — and the industry — of a gradually dwindling middle class: [A] family can be classified as poor and own a car, a flat-screen TV and a computer, and have a washer-dryer and a garbage disposal.…
Behold the demise of the political “gatekeepers”: “Good” writers generally craft stories that many, many people like. That word “craft” entails a lifetime of hard work, trial and error, self-education, and, yes, native talent. Not everybody can do it. In fact, not very many people at all can do it relatively well or successfully. And therein lies the issue over which the dying world of book-object-story is currently dashing itself to pieces. The commercial structure undergirding our previous method of story delivery – the mass-marketing…
The Help, a comedy-drama film set in the South during the turbulent mid-1960s, finished at the top of the U.S. movie box office for the second weekend in a row. Although the film received largely positive reviews, a critic from the Boston Globe predictably lambasted the film for insufficient hatred of the American South: It’s possible both to like this movie – to let it crack you up, then make you cry – and to wonder why we need a broad, if sincere dramatic comedy…
The specter of John Maynard (“If you’re stuck in a hole, just keep digging”) Keynes must be a regular sight in the Oval Office, offering posthumous advice in seances, which the current administration follows religiously, thereby postponing — or even canceling — an economic recovery. The first New Dealer also tried the “command and control” approach, back when it was billions and billions (pace Carl Sagan) instead of trillions and trillions: The Great Depression dominated the 1930s, in large part because President Franklin D. Roosevelt’s…
Events like this one are guaranteed to attract the extremes: communists, anarchists, anarcho-capitalists, fascists — you name it. Who’s generating it? What’s their aim? What sort of “statement” do they intend to make? It’s safe to say that, even if there isn’t a full-scale riot, the police will have their hands full.
Bill Bonner goes against the Big Media-Big Government model for prosperity. He responds to a headline — “World economy rests on Bernanke’s shoulders”: Who is this man, Ben Bernanke, and what kind of shoulders does he have? Is he a great deep thinker … a renowned philosopher in whom the world’s people could have confidence? Is he a captain of industry … a man who has proven that he can lead men and run a profitable business? Is he an investment wizard, like Warren Buffett,…
(This is in response to a comment from S. T. Karnick.) Jim Powell decided to reassess Teddy Roosevelt‘s historical reputation in an article in The Freeman Online. Past presidents and potential future ones like TR a lot: Theodore Roosevelt has been known as “the Good Roosevelt,” “the Republican Roosevelt,” and “the conservative Roosevelt,” as distinguished from his fifth cousin Franklin, who’s credited with ushering in modern American big government. Yet promoters of big government have long recognized TR as one of their own. Biographer Frank…
Of all people: “The current deal struck by U.S. lawmakers will not solve the underlying issues. This colossal debt, $14 trillion or more, means that the country has been living on credit, which is really bad for one of the world’s leading economies. They live beyond their means, and put a part of their burden on the entire world’s economy. … The country is … shifting the weight of responsibility on other countries and in a way acting as a parasite. … Good for us…
The awful truth is that this country has been grossly mismanaged for decades. The Great Recession has exposed the mismanagement, casting a cruel light upon our impending insolvency. One might have hoped that in this national emergency, the politicians we elected to serve us would shelve the posturing and insist on doing the right thing instead of the politically palatable thing. If we are to emerge intact from this crisis, we need two things: First, we need to cut spending, drastically, programmatically. I’m not talking…
By Mike Gray — well, the insults to our intelligence from people who have vested political interests in hobbling America’s energy production — which these images confute. (Click on each one to enlarge.) “America needs foreign energy imports,” they claim: “We need a moratorium on offshore oil development to protect the environment,” they say: “The EPA must continue to enforce the Clean Air Act and other draconian measures to save us from choking on pollution,” they aver: “If we’re going to save the polar bears,…
There’s a greater incentive to FIRE than to HIRE: . . . [T]he economy’s most productive participants [are] the businesspeople, entrepreneurs, and investors who drive commerce, create wealth, and create jobs. As long as Barack Obama is president and his apparatchiks remain in control of their expanding bureaucracies and unaccountable czardoms, fear and intimidating uncertainty will reign. . . . . When the economy is sitting on such a dangerous precipice, unless the goals are to deliver a knockout punch and to take the intimidating…
[T]he old matrix of how we were to understand illegal immigration is extinct. The concept of a largely white privileged class exploiting poor immigrants who simply wished to be a part of the American dream is now fossilized — dead and buried by new realities: the sheer millions of those entering the U.S. illegally, the cynicism and connivance of the Mexican government, the outflow of nearly $30-40 billion in remittances to Latin America, the rise of the multicultural salad bowl in lieu of the multiracial…
According to the Institute for Truth in Accounting: ~ The “official” national debt is $14 trillion 419 billion — whereas they say in reality: ~ The official national debt is $75 trillion 617 billion — or over five times greater. And that amounts to about a quarter of a million dollars for each American. So get out your checkbook.
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