Archive for the ‘Economics’ Category
Democrats in 2008: How dare those evil banks make loans to people who people with bad credit!
Democrats in 2013: Why aren’t banks making more loans to people with bad credit?
Lawrence Person comparing Texas vs. California Update for February 21, 2013
From the Orange County Register: Joel Kotkin: The Age of Bernanke
This new corporatism that is becoming an integral part of the supposedly middle-class oriented Democratic Party. Close Obama advisers, like disgraced investment banker and political fixer Steven Rattner, Obama’s czar for the auto bailout, justify collusional capitalism, both in China and in America’s “too big to fail” regime.
The reality remains that, rhetoric aside, corporate cronyism remains at the core of this administration and, sadly, the once-proudly populist Democratic Party. After his confirmation, we can expect former Citigroup profiteer Jacob Lew to follow Treasury Secretary Timothy Geithner, working along with Bernanke, to make sure the big Wall Street firms continue to thrive – even if the rest of us don’t.
Gov. Kasich announced today that as long as everyone else is sucking on a fat new government entitlement, Ohio might as well too. Well his exact words were:
“We are going to extend Medicaid for the working poor and for those who are jobless trying to find work,”
“It makes great sense for the state of Ohio because it will allow us to provide greater care with our own dollars.”
Actually, other people’s dollars. You know, Federal tax dollars.
We give the Federal government money in taxes, so it can give it to the state (so long as the state does as it is told), so it in turn can spend it on us (so long as we do as we are told). Could this be any more inefficient? How much of this money got pissed away by the bureaucratic process?
I can’t even pretend I’m surprised. We all knew he was an establishment Republican when we elected him. Lucky for him that Strickland was incompetent; even the big liberal newspapers abandoned Strickland, he was such an awful fiscal steward.
I suppose I am being rather unfair. Kasich is a result, not the cause. I just have to look back at my state’s collective vote to keep getting shafted by public sector unions. That’s the problem: Ohio is loaded with people who think only of what they can take, and I’m not just talking about Democrats.
I swear Texas gets more temping with each passing day.