Sunday, August 14, 2011

Is the U.S. dollar doomed?

Only the most naive still believe that we are going to get out of this economic mess without some real pain and consequence.

Tuesday, August 9, 2011

The joy of high speed rail in Cali

So, it turns out that it is going to cost a lot more than the cheerleaders told us that it would:

The estimated cost of California's high-speed rail project is rising by billions of dollars.

Environmental impact studies released Tuesday and obtained in advance by The Associated Press put the cost of building the initial segment at anywhere from $10 billion to $13.9 billion.

That's sharply higher than the $7.1 billion estimate from 2009 for the Merced-to-Bakersfield section. Rail board executives say the higher costs include more elevated tracks in the Central Valley and more specific data about property values.

What a surprise. Politicians with the aid of environmentalists sold this "feel good" boondoggle to gullible voters and now we're stuck with footing the bill for decades to come. I wish I could say that there was a lesson learned here but I doubt it.

Saturday, July 2, 2011

Sunday, June 26, 2011

Enjoy the decline!

Jim Rogers: "Driving down the value of our own money is lunacy."

Sunday, June 12, 2011

Monday, June 6, 2011

Another rat leaving ship

Larry Summers, Christina Romer, and now the guy with the weird name jumps off the pier. I just wish that he could take Jared Bernstein with him.

Bye, bye tax credits

Here's hoping that this starts a trend across the country . There are a plethora of tax credits for so-called "green" alternatives in California that should be eliminated. One of them is for hybrid cars.

Wednesday, June 1, 2011

No media bias at MSNBC

LOL!! MSNBC is hilarious!

We don't need no mind control

Public education is one of the greatest scams perpetuated on the masses.

Monday, May 30, 2011

He was right.

Peter Schiff is not perfect but he called the economic debacle that was looming quite nicely. This clip is from 2006 which is just a year or so before The Great Recession. Note that the economist sheeple he debates in this clip can't see the forest from the trees.

Sunday, May 22, 2011

Private property rights? Bwhahahaha!!

So now our wise overlords what to start restricting how much control we have over our 401K plans, eh? They can't manage the federal budget but they are happy to dip their fat hands into your cookie jar. This latest move should disabuse anyone of the notion that private property rights are, or have ever been, cherished by the powers in Washington.