Tag Archives: economics

Economics 101? She can’t even count to 101!

(CNN) – Alaska governor Sarah Palin let loose Wednesday on the Obama administration for enacting fiscal policies that “fly in the face of principles” and “defy Economics 101.”

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Insanity Is Her Currency

From Think Progress:

Earlier this week, right-wing fanatic Rep. Michele Bachmann (R-MN) started peddling false conspiracy theories that the world was moving toward a unified global currency — and that the U.S. might join in as early as next week’s G-20 conference. The myth was started when China’s central bank governor suggested replacing the dollar as the world’s reserve currency. Though the suggestion has nothing to do with a unified global currency, Fox News’ Major Garrett decided to ask President Obama whether he supported the fictional prospect of such a move. (Obama, for the record, does not.)

Today on Glenn Beck’s radio show, Bachmann declared that the U.S. will soon be moving to “give up the dollar as our currency and we would just go with a One World currency.” Such action, she warned, would mean the U.S. as a country would be “no more”…


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Fuss-budgets

From The Huffington Post:

House Republican leaders called a press conference Thursday to unveil their “alternative budget.” While it was thin on specifics, it does include one major policy proposal: a huge tax cut for the wealthy.

…snip…

“Two nights ago, the president said, ‘We haven’t seen a budget yet out of Republicans.’ Well, it’s just not true, because here it is, Mr. President,” said House Minority Leader John Boehner (R-Ohio), waving a blue document in the air.

“Today we’re introducing a detailed road-to-recovery plan,” he told the reporters. Other than the tax proposal, however, the plan was absent any details.

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Bonnie and Clyde Without the Guns

Feb. 11 (Bloomberg) — Bernard Madoff’s wife withdrew $15.5 million from a brokerage account at a firm co-owned by her husband late last year, including $10 million on the eve of his arrest, Massachusetts securities regulators said.


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The Gripes of Wrath

From the Los Angeles Times:

Reporting from Washington — Mac is back.

But now, Sen. John McCain is cutting a new profile — one that is far more partisan than when he became so familiar to Americans months ago as the Republican nominee for president.

As a candidate, McCain cast himself as a uniter of the two parties, willing to buck his GOP colleagues and reach across the aisle to build compromises on immigration, campaign finance and other hot-button issues.

…snip…

But this week, with Barack Obama in the White House and McCain back in Congress, the Arizona senator has played a prominent and uncompromising role in rallying Republican opposition to the Democratic majority and its stimulus plan.


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Obama-nomics

WASHINGTON (Reuters) – U.S. President-elect Barack Obama has chosen seasoned policymakers Timothy Geithner and Lawrence Summers as his two top economic lieutenants to direct the fight to rescue the economy and stem the worst financial crisis in more than 70 years.


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Speak Shrilly, and Carry a Big Shtick

So, kids, didya watch? Lemme tell ya, if the requirements for Vice President are the ability to memorize catch phrases and repeat them over and over and over again, the Dems are in big trouble!

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Princess Sarah and the Horse$hit Whisperer

From CNN’s Jack Cafferty
There is a reason the McCain campaign keeps Governor Sarah Palin away from the press.

This is a direct excerpt from Katie Couric’s One-On-One interview with Sarah Palin, which aired Wednesday on CBS.

COURIC: Why isn’t it better, Governor Palin, to spend $700 billion helping middle-class families struggling with health care, housing, gas and groceries? … Instead of helping these big financial institutions that played a role in creating this mess?

PALIN: Ultimately, what the bailout does is help those who are concerned about the health care reform that is needed to help shore up the economy– Oh, it’s got to be about job creation too. So health care reform and reducing taxes and reining in spending has got to accompany tax reductions.

If McCain wins, this woman will be a 72-year-old heartbeat away from being president of the United States.

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