Tag Archives : Fiscal Crisis
Europeans Mock Treasury Secretary Geithner, Showing Spend-aholics Shouldn’t Give Advice to Spend-aholics
Treasury Secretary Tim Geithner may be most famous in the United States for cheating on his taxes (you can even buy a t-shirt to acknowledge his tax dodging), but he’s becoming a punch line in the rest of the world for different reasons. I wrote two years ago about Chinese students erupting in laughter after […]
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Obama and Geithner Advising the Europeans on Fiscal Crisis?!? This Is a Case of the Blind Leading the Blind…on Steroids
This is either frightening or hilarious. The people in Washington who are trying to make America more like Europe are advising the Europeans to double-down on the awful policies that have pushed the continent’s welfare states to insolvency. Here are some of the surreal details from a CNBC report. Treasury Secretary Timothy Geithner will take […]
read more...Obama’s Failed Response to the Downgrade and the Outlook for Fixing America’s Spending Crisis
President Obama just spoke about the downgrade and his remarks were very disappointing. He uttered some empty platitudes, offered no plan, (amazingly) called for more government spending, and continued his advocacy of class-warfare taxation. So what does this mean? Other than expecting volatility, I have no idea what will happen in financial markets over the […]
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To Be Fair, Obama’s Responsibility for the Downgrade Is only 15 Percent
It was a strange experience to read the comments and emails generated by yesterday’s post on the “Obama downgrade.” Democrats and liberals were upset that I blamed Obama for the downgrade, as you might expect. Republicans and conservatives, however, were agitated that my first sentence pointed out that Bush bore significant responsibility for the spending […]
read more...The Clown Prince of Europe
If Jimmy Carter and Barack Obama are neck-and-neck competitors in the contest to be the public face of incompetent statism in America, then the competition in Europe is between Herman van Rompuy and Olga Stefou. But since I’ve already crowned Ms. Stefou as the Queen of Greece, then Mr Rompuy (a.k.a., President of the Euorpean Council) […]
read more...Looking at Europe’s Self-Inflicted Economic Disaster (and Getting a Glimpse of America’s Obamanian Future)
llister Heath is one of the best economic columnists in Europe and his analysis of Europe’s fiscal situation is rather grim. But Americans can’t be smug. This is where the Bush-Obama policies, combined with demographics, are leading America. Here’s Allister’s analysis of where things stand in Europe. Gold hit £1,000 an ounce today for the […]
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The “I-Told-You-So” Blog Post about the Completely Predictable Failure of the Greek Bailout
Way back in February of 2010, I wrote that a Greek bailout would be a failure. Not surprisingly, the parasites at the International Monetary Fund and the political elite from other European nations ignored my advice and gave tens of billions of dollars to Greece’s corrupt politicians. The bailout happened in part because politicians and […]
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Punish the French Rapist, but the Real Target Should Be the IMF
I certainly take second place to nobody in my utter contempt for Dominique Strauss-Kahn, the head of the International Monetary Fund. Who knew that forcing yourself (allegedly) on women could earn you a reputation as “the Great Seducer”? I guess my failure to understand means I’m just a backwards and provincial American. I’m also a […]
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