Pretty soon, the Real Vice President of Genius is going to need his own "idiot" category.

Yep, we really dodged a bullet with that Palin chick.

Posted by: DocJ at 03:00 PM | No Comments | Add Comment
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Hmmm - interest rates rising when there's no recovery in sight.  What could possibly go wrong?

Rates on the 30-year T-bill are up some 90% (4.67%) over their lows of 7-months ago (2.5%).  At a time when unemployment is ramping up and predictions of economic recovery are being backed out into 2010.

But I'm sure it will all and well.

Because we have a cool new President - with great pecs.

H/T streetwise.

Posted by: DocJ at 12:45 PM | No Comments | Add Comment
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Here comes the VAT.

Normally Paul Krugman, the liberal pundit and Nobel laureate in economics, and Paul Ryan, a conservative Republican congressman from Wisconsin, share little in common except their first names and a scorching passion for views they champion from opposite political poles. So when the two combatants agree on a fundamental threat to the U.S. economy, Americans should heed this alarm as the real thing. What's worrying both Krugman and Ryan is the rapid increase in the federal debt - ... the huge structural deficits that, under all projections, keep building the burden far into the future to unsustainable, ruinous heights.

Posted by: DocJ at 08:01 AM | No Comments | Add Comment
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The Unicorn Prince - sprinkling a little Spendulus magic...

President Barack Obama is promising to deliver more than 600,000 jobs through his $787 billion stimulus plan this summer, repackaging a pledge the administration made weeks earlier as the economy continues to lose hundreds of thousands of jobs each month.

Obama's promise to create large numbers of jobs - a vow that Vice President Joe Biden made last month - quickly drew criticism from oponents and economists who have argued his stimulus plan thus far hasn't delivered.

"I think these estimates are overly optimistic," said Arpitha Bykere, a senior analyst with RGE Monitor.

Bykere said it likely will be later this year before any meaningful job creation occurs from stimulus spending.

How dare they question The Unicorn Prince!  Off the the re-education camps with them!  Poste Haste!!

Posted by: DocJ at 10:15 AM | No Comments | Add Comment
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Can't wait to see the Reality Based Community^TM start to madly spin this:

The U.S. economy's recovery may have stalled after data on Wednesday showed half a million private sector jobs were lost in May and mortgage applications fell last week as rising interest rates frightened away buyers.

One ray of hope though came from another report showing planned layoffs at U.S. firms fell for a fourth consecutive month in May, reaching the lowest level in eight months.

Posted by: DocJ at 09:54 AM | Comments (2) | Add Comment
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