Congress says that “veterans deemed too mentally incompetent to handle their own financial affairs [should] be prevented from buying a gun”. I say that anyone deemed “too mentally incompetent to handle their own financial affairs” should be prevented from serving in Congress.
Archive for the ‘Economy’ Category
Pot, Meet Kettle
3 December 2012Oh Boy, Another On-Line Petition!
25 March 2012My wife has seen people passing this one around on Facebook:
Pardon me, but if you didn’t mean it when you signed your student loan forms, promising to pay back the money you took from them and squandered, then why should we assume that your signature has any value when you put it on this petition?
3Wood has written a short piece on Student Loans – The Next Bubble. I was a little more insulting when I hit this topic last year.
Literally
13 September 2011Democrats: America literally cannot afford them anymore. (Infographic H/T: Roger Kimball, PajamasMedia; caption by me)
Then What *IS* an iPad Good For?
15 March 2011Wall Street Journal — The Federal Reserve has been on a media campaign to sell its monetary policy to average Americans, but this hasn’t always gone smoothly. Witness last week’s visit to Queens, New York, by New York Fed President William Dudley, who got a street-corner education in the cost of living. The former Goldman Sachs chief economist gave a speech explaining the economy’s progress and the Fed’s successes, but come question time the main thing the crowd wanted to know was why they’re paying so much more for food and gas. Keep in mind the Fed doesn’t think food and gas prices matter to its policy calculations because they aren’t part of “core” inflation. So Mr. Dudley tried to explain that other prices are falling. “Today you can buy an iPad 2 that costs the same as an iPad 1 that is twice as powerful,” he said. “You have to look at the prices of all things.” Reuters reports that this “prompted guffaws and widespread murmuring from the audience,” with someone quipping, “I can’t eat an iPad.” Another attendee asked, “When was the last time, sir, that you went grocery shopping?” … (H/T: Little Miss Attila)
Bread and Circuses
17 January 2011InstaPundit has a running series called “Why They’d Rather Talk About Sarah Palin“, listing all of the other stories which the media could be spending a little time telling us about, but won’t. Examples include Investors Have Been Fleeing Municipal Bonds, Unemployment In The U.S. Is Actually Worse Than Pakistan, Soaring Global Food Prices, Over 1 million Americans seen losing homes in 2011, and U.S. On The Way To Losing AAA Credit Rating. (H/T: Spin, Strangeness, and Charm)
Not Such a Wilde Idea
6 January 2011Oscar Wilde famously quipped that “Work is the curse of the drinking class.” Maryland nanny-staters are working to elevate taxes to that position as well.
Baltimore — …It’s called the “Dime a Drink Tax,” and it would hit all alcoholic drinks, if Maryland’s legislature approves it this year. … “Alcohol excise tax is a win-win for the state. They provide much needed revenue, and reduce alcohol consumption and related problems,” said David Jernigan, Johns Hopkins professor.
I don’t know about that. The current reign of fascist nanny-state tax hikers have been far worse for my health, stress, and sanity than any amount of alcoholic drinks I may have had in recent years. Ironically, those same Democrats (who in Maryland did not take the major 2010 midterm hit that most of the rest of the country enjoyed) make me more likely to need a drink.
But an increase at restaurants and bars may not be such a good thing. Good times stopped rolling during the recession and business coming back now is still viewed as fragile. “We’re still in this economic recession right now, and anything more is going to take people out of restaurants in Baltimore and Maryland. And that’s not good for the economy,” said Bill Irvin, Kooper’s Tavern. The tax would also hit retailers, upping a six-pack by 60 cents and wine and spirits by a dime a serving.
Well, you can always trust the Democrats to snatch recession from the jaws of recovery. It’s almost as if they’re doing it deliberately…