Wall Street demands new money fix (Updated)

Update: It appears the Fed isn’t listening (Washington Post), good for them. They’re at it again. The Wall Streeters who made their money while hooked on “quantitative easing” (or QE, for short) – the fancy term for when the Federal Reserve sucks up a whole range of securities and turns them into dollars – are insisting … More Wall Street demands new money fix (Updated)

Meanwhile, in Brazil…

This summer, most eyes were on Brazil for the World Cup. Far fewer noticed the uproar in the country over how badly the Brazilian government went through $11 billion to prepare for it. Once Brazil was embarrassingly bounced from the tournament by Germany, I felt that uproar would be a lot more important. Well, yesterday, … More Meanwhile, in Brazil…

Another TARP opponent survives

The victory of Pat Roberts (Republican U.S. Senator from Kansas) in his primary battle is reaffirming the conventional wisdom that “Establishment” Republicans are thwarting “Tea Party” challengers. As one may expect, I don’t automatically share that view. In fact, I think the Tea Party vs. Establishment meme misses the point. Most would be surprised to … More Another TARP opponent survives

Elizabeth Warren backs the Bank of Boeing

To her supporters, Senator Elizabeth Warren is a champion of the downtrodden and bane of the wealthy. To those of us who know better, she’s a government-always-first leftist who is quite fine with helping the biggest and wealthiest corporations in America so long as the government grows. We have the Heritage Foundation to thank for … More Elizabeth Warren backs the Bank of Boeing

Ed Gillespie says GOP “learned a lesson,” then proves it by opposing Ex-Im Bank

Roughly a month after he earned the Republican nomination for U.S. Senate, Ed Gillespie – consummate Establishment man – spoke to Rick Sincere (a.k.a., the Charlottesville Libertarian Examiner) about his campaign going forward. He addressed head on complaints about his former employer, President George W. Bush (emphasis added). “The difference between Republicans and Democrats,” he told … More Ed Gillespie says GOP “learned a lesson,” then proves it by opposing Ex-Im Bank

New House Majority Leader: Kill Ex-Im Bank

The primary defeat of Eric Cantor continues to reverberate in unexpected ways, as his incoming successor as Majority Leader tells Fox News that he supports shutting down the Export-Import Bank (Washington Examiner): On “Fox News Sunday,” host Chris Wallace asked McCarthy if he agrees with “conservatives who say that the Export-Import Bank is a form … More New House Majority Leader: Kill Ex-Im Bank

The economy, blame, TARP, and what it means for the GOP

CNN conducted a poll on the state of the economy, and as one would expect, the people are not happy (emphasis added): Thirty-six percent of those questioned rate the current economic conditions as good. That’s up four percentage points from December and it is the highest level since January 2008, a year before Obama entered the … More The economy, blame, TARP, and what it means for the GOP

The Republican Party, TARP, and Ed Gillespie (plus some personal news)

For those wondering where I’ve been for the past three weeks, I was recently married (Sunday, the 12th, to be exact). For those interested, meet the new Mrs. Liberal. Anyhow, while I’ve been on my honeymoon, Ed Gillespie made it official – he is running for the U.S. Senate. Whether he wins the nomination or not … More The Republican Party, TARP, and Ed Gillespie (plus some personal news)

Ed Gillespie – would-be Senate candidate – backed TARP (meaning I can’t support him)

This has been cross-posted from my personal blog, the right-wing liberal. I speak only for myself. There have been whispers (and much louder) about Ed Gillespie running for United States Senate next year. Given his national connections and the potential vulnerability of Senator Mark Warner, one can understand why there is excitement around Gillespie’s potential … More Ed Gillespie – would-be Senate candidate – backed TARP (meaning I can’t support him)

Shutdown “Gestapo Tactics” Help Make the Argument Against Obamacare

Sen. Mike Lee ABSOLUTELY NAILS IT. The Obama administration’s petty tyrannies during the first week of the government shutdown neatly illustrate the problem with giving politicians too much power–they’ll use it. There is really no excuse for the president’s petty, spiteful actions this past week. At every turn, the president has gone out of his … More Shutdown “Gestapo Tactics” Help Make the Argument Against Obamacare

Single-payer, the left’s health care nirvana – doesn’t exist

As the nation careens toward the true launching of Robertscare (a.k.a. Obamacare) – and even here, there is a disconnect between the insurance exchanges to launch on October 1 and the subsidies for them, which don’t start until January 1 – there is talk that the entire edifice will crash in a mess of incompetence, … More Single-payer, the left’s health care nirvana – doesn’t exist

Republicans to urban and suburban consumers: Drop Dead

I’ve been a bit busy on Facebook regarding the 2013 Farm Bill, but I was lax about posting on it. Time to fix that – and thanks to Veronique De Rugy for bringing this up again in The Corner: A few weeks ago, I suggested that splitting the farm bill into two pieces would have the benefits … More Republicans to urban and suburban consumers: Drop Dead

IRS can’t do their contracts right either

The IRS’ nefarious actions toward center-right organizations has had one unexpected consequence: it has kept attention away from the Agency’s appalling record in contract compliance. Government contracts are regulated by the Federal Acquisition Regulation (FAR), which gets revised often. As it happens, according to Jeryl Bier (Weekly Standard), “Congress had passed legislation in 2008 to … More IRS can’t do their contracts right either

Sanford wins special election to Congress

I am surprised at how the blogosphere seems to have missed the pertinent lesson of Mark Sanford’s return to Congress last night. Yes, it’s a highly Republican district (SC-1). Yes, Sanford has had some personal issues. Yes, he ran about 8 points behind Tim Scott (although, this being a special election, weird things can happen). … More Sanford wins special election to Congress

The Prez’s budget: higher taxes and higher spending

You read that right: the president’s ten-year budget plan calls for higher spending over the next ten years. Patrick Brennan (Corner) provides the details on the tax side, and finds that the total tax increase actually comes to just over $1 trillion. That means less than of the “$1.8 trillion in additional deficit reduction” is … More The Prez’s budget: higher taxes and higher spending