Intermarkets' Privacy Policy
Support


Donate to Ace of Spades HQ!





Recent Entries
« Top Headline Comments 9-30-13 | Main | Monday Morning News Dump »
September 30, 2013

All DOOM, all the time

DOOOOM

The US House of Representatives votes to delay ObamaCare for a year as a precondition of a new budget; Senate Democrats vow to vote it down, and His Majesty the King promises a veto in the unlikely event the bill makes it past the Senate. We all know how this story ends, but it's been nice seeing the GOP show some spine for a change. It will be interesting to see if the public blames the GOP or the Democrats for the shutdown -- the GOP is notoriously bad at messaging, and it remains to be seen if they can lay the mantle of blame where it belongs: squarely on the shoulders of His Majesty the King.

George Will: the Fed has become a creature of politics. George gets his tenses wrong: the Fed did not become anything. The Fed has always, from its inception, been a creature of politics.

In my ancestral lands, we had a saying for a situation like this: "What do you expect from a pig but a grunt?"


His Majesty will send $300 million to the Democratic stronghold of Detroit. His Majesty has many favors in his gift for those who remain loyal.

Welcome the city of Scranton, PA to the LOTB, folks! Let’s give them a laurel, and hearty handshake!

California sets controls on the price of labor, and will shortly discover the inevitable result of price controls: the good or service does not become more affordable, but simply disappears entirely because it is no longer cost-effective to produce. When applied to labor, it means the disappearance of low-end jobs (and a growth of the “gray” economy). This also speaks to a clumsy, backhanded effort to ameliorate the state’s spiraling cost of living.

Pension shenanigans cost Detroit billions. But then: what happened in Detroit was the result of behavior, over decades, not a brief down-cycle in the economy. I’ve often said that being poor is mostly a behavior and a state of mind, not a situation, and that’s true for cities as well as individuals.

Dodd-Frank strikes again.

I’ve heard this theory before -- that ObamaCare is actually a covert state/municipal OPEB bailout. I have no doubt that this is one of its intended functions, but I also think this is crediting Democrats with more Machiavellian cleverness than they really have.

Detroit: a postmortem. I disagree with their defense of Coleman Young’s tenure -- let us not forget that it was Young whose noxious racial politics drove many white citizens out of Detroit in the 1970’s and 1980’s, and it was Young who spearheaded the expensive boondoggle known as the People Mover. But the article is spot-on in how it explains how unrealistically-high rate-of-return assumptions on pension funds can lead to disaster. Add to that already-thick broth the seasoning of union greed and bureaucratic corruption, and you have the noxious dish that is Detroit.

The invisible hand always wins...even in game economies.

The CBO describes the US budget course as “unsustainable”. Also describes water as “quite moist”.

Rent-seeking and crony capitalism in His Majesty’s peaceful kingdom. As for you...get back to the fields, serf.

Our colossal debt load as a nation impoverishes us in more ways than one.

cat slide

digg this
posted by Monty at 08:30 AM

| Access Comments




Recent Comments
pilot141: "Yeah, thanks Andrew. Bought your book and ended up ..."

rickl: "[i]97 So what did they know about Churchill, if th ..."

Misanthropic Humanitarian : "Hey morons ..."

Polliwog the 'Ette: "With the unparalleled availability to find answers ..."

AltonJackson: "g'evenin', 'rons ..."

Sister Sestina: "99 You know what astonishes me? The lack of cu ..."

Bat Chain Puller: ">61% say President Obama lies either "most of t ..."

cthulhu: "Hola, amigoz en loz tuboz!!! ..."

EC: "Carol, you cannot just hit it and quit it! AoSH ..."

The Mega Independent: "I was going to mention that Nancy. Love my Zo. ..."

Carol: "I'm off to make myself something to eat. BBL. ..."

freaked: "I am certainly more knowledgable today than I woul ..."

Recent Entries
Search


MuNuvians
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)
News/Chat
Archives
Powered by
Movable Type 2.64