Intermarkets' Privacy Policy
Support


Donate to Ace of Spades HQ!


Contact
Ace:
aceofspadeshq at gee mail.com
Buck:
buck.throckmorton at protonmail.com
CBD:
cbd at cutjibnewsletter.com
joe mannix:
mannix2024 at proton.me
MisHum:
petmorons at gee mail.com
J.J. Sefton:
sefton at cutjibnewsletter.com


Recent Entries
Absent Friends
Bandersnatch 2024
GnuBreed 2024
Captain Hate 2023
moon_over_vermont 2023
westminsterdogshow 2023
Ann Wilson(Empire1) 2022
Dave In Texas 2022
Jesse in D.C. 2022
OregonMuse 2022
redc1c4 2021
Tami 2021
Chavez the Hugo 2020
Ibguy 2020
Rickl 2019
Joffen 2014
AoSHQ Writers Group
A site for members of the Horde to post their stories seeking beta readers, editing help, brainstorming, and story ideas. Also to share links to potential publishing outlets, writing help sites, and videos posting tips to get published. Contact OrangeEnt for info:
maildrop62 at proton dot me
Cutting The Cord And Email Security
Moron Meet-Ups






















« Top Headline Comments 4-1-11 | Main | March Unemployment Rate - Part Timers Rule!! »
April 01, 2011

How about a hot DOOM! sandwich?

Public-sector union members in New Hampshire are taking some bad state budget news with the grace and understanding we've come to expect from those folks.

Kern County, California: Boned. Part 1. Part 2. (Via PensionTsunami.)

Fullterton, CA: Boned.

What do a Japanese fishing-cooperative, a Libyan bank, the Bank of Scotland, and the Bank of China all have in common? They all cadged some money off of Ben Bernanke, with a promise to pay it back real soon. But, um, don't tell the plebes about this, because it might look awkward: you know, American taxpayer money being used to bail out foreign banks. No telling! Pinkie swear!

Ireland's bailout bill: $142 Billion. Ireland's GDP? About $230 Billion. Projected GDP growth rate? About a half a percent. Unemployment rate? About 14%. Verdict: boned.

“None of it came as a big surprise,” Ralph Silva, a strategist at London-based Silva Research Network, said after the results yesterday. “They put a stress test out there that shows the banking industry in Ireland is dead.”
E's not dead! E's pinin' for the fjords! More:
“People may stop worrying about banks and senior haircuts,” Ivan Zubo, a banking analyst at BNP Paribas in London, said in an interview. “But they may start worrying about the sustainability of the sovereign.”

Aw. Teh Krugman has a headache, and the GOP is causing it. Here's the part that really fuzzles his noggin:

Now, liquidationism isn’t the only argument the G.O.P. report advances to support the claim that reducing employment actually creates jobs. It also invokes the confidence fairy; that is, it suggests that cuts in public spending will stimulate private spending by raising consumer and business confidence, leading to economic expansion.
Letting the peasants keep more of their own money actually helps the economy? Ow! My brain! It hurts!

Are Germans finally getting fed up with bankrolling the Euro project? If they step away, can the currency survive?

[W]hat is clear is that monetary union is fast approaching the outer limits of the politically possible. Germany will go no further, despite the fact that its economy is for the moment doing rather well from the single currency (it’s about the only one that is). Voters will not be persuaded to put more money into subsidising the profligate fringe. But the austerity that the absence of a transfer union imposes on the periphery is also testing democratic acceptability to destruction. The immovable object is meeting the irresistible force. On top of everything else, Europe’s beleaguered fringe economies will soon have to cope with the ECB’s determination to put up interest rates.
My take? DOOM!

A Nation of Takers, Not Makers. A little taste:

It gets worse. More Americans work for the government than work in construction, farming, fishing, forestry, manufacturing, mining and utilities combined. We have moved decisively from a nation of makers to a nation of takers. Nearly half of the $2.2 trillion cost of state and local governments is the $1 trillion-a-year tab for pay and benefits of state and local employees. Is it any wonder that so many states and cities cannot pay their bills?
(Thanks to Andy in the sidebar.)

Aaaah. The smell of hot DOOM! There's nothing else in the world that smells like that. Breathe deep!


Behold! The iniquitous evil of...Scandi Cat!


digg this
posted by Monty at 08:11 AM

| Access Comments




Recent Comments
JackStraw: ">>Yeah, right AfD wants safety and security for it ..."

grammie winger - cheesehead: "He wasn't a Muslim, then? Just a guy who liked to ..."

fd: "Mostly peaceful Muslim. Mostly. ..."

FenelonSpoke: "He wasn't a Muslim, then? Just a guy who liked to ..."

FenelonSpoke: "Posted by: publius, Rascally Mr. Miley (w6EFb) at ..."

Gary Cooper: "Timeanddate is very good, you can put your exact l ..."

Ciampino - Except exceptionally exempting exhalted examples: "The NZ launch reminds me that on last night's ONT ..."

publius, Rascally Mr. Miley (w6EFb): " The German elite want to ban the AfD party. Th ..."

Mary Jane Rottencrotch: ">>My ass smells like my ass. Meh.. ..."

grammie winger - cheesehead: "Apparently the Christmas Market murderer was a Sau ..."

publius, Rascally Mr. Miley (w6EFb): " "Noon" comes from Latin. The Romans originally ..."

Ciampino - Except exceptionally exempting exhalted examples: "139 Not the best employees will never be found on ..."

Recent Entries
Search


Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64