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[Questions and Observations] The economy - what we're facing right now | Questions and Observations: I am of the same mind.  What we are seeing is government growth becoming the “Little Shop of Horrors”.  Feed me, Feed me.  But, the taxpayers can no longer feed the beast.  Greece is the canary, but we can see Spain, Portugal, and Italy following right behind.  We can also see England finally trying to come to grips with their debt and spending.

[Texas Insider] Texas Insider » America's New Culture War: Free Enterprise vs ...: For a lot of panicky Americans, the prospect of a paternalistic government rescuing the nation from crisis seemed appealing as stock markets and home prices spiraled downward. According to this narrative, government was at fault in just one way: It wasn’t big enough.

[News] China and the US must do more than talk. The next century depends ...: More lives were lost due to the diseased European construct of Marxism, in one century (the last) than in the rest of the wars of the world combined. No one has forgotten the disgusting travesties England perpetuated, or Spain’s invention of the trans-Atlantic slave trade, or your pairing with France and Portugal into reducing Asia into plantations that tipped them into Marxism.

[Personal Liberty Digest] President Obama's Job Approval Ratings Continue To Be Low, Poll ...: I suppose I could feel worse for him, if he one, could stop being a Chicago smart ass to the American people, if he would stop acting as if he’s an anointed king and realize, it’s just as easy to vote him out of office, as it was to vote his azz in there, that he would act like he gives a damn about Arizona, and not slap them in the face with 1200 national guard, instead of the 6000 they asked for, to patrol the border__Then have the nerve to let McCain and Jan Brewer of Arizona find out about it, on a press release, that he would just stop playing politics with peoples lives, in both New Orleans(oil spill) and Arizona, just because both Governors happen to be Republican__How co-incidental?_-Problem is I don’t believe in coincidences

[The Baseline Scenario] In Defense Of Europe's Grand Bargain « The Baseline Scenario: Finally, the European actions, while painful, have accomplished what is necessary to prevent a contagion from a medium-term Greek default - for example, in the form of a debt restructuring next year. In that sense, it - could well serve as an important stress test for the “grand bargain” negotiated this month.  Any new SGP cannot hope to function in the long-term without a willingness by the EU to let insolvent countries go, while protecting the solvent members from the associated contagion.

[Big Government] » Tuesday Open Thread: Uh Oh Edition - Big Government: We hurt them because we gave them the fish and we failed to teach them how to fish, we hurt them because instead of exporting the one philosophy that could save them, the free market, individual liberty and a respect for private property, we exported bandaids. Next time you are watching the images of the desperate Haitian people I want you to think of what makes this country the wealthiest, and even in the dark depths of the last depression, maintain the highest standard of living on the face of the earth;

[Matthew Yglesias] Matthew Yglesias » Europe and the U.S.: As an aside, Matt, what the hell were you doing introducing math and sorta math functions to your audience? It’s not as if you weren’t correct, but woah, that stuff requires a not innumerate audience, and moreover, an audience that is both not innumerate and had a real liberal arts education, given wide bundle of topics talking about bundling and tranches implies.

[The American Conservative] The American Conservative » European Disunion: E.g., why is it wrong to say “Go ahead you allegedly proud, loyal, soulful ethno-nationalist/anti-transnationalist Greeks: Default and stick it to the big foreign banks and get your probably limited period of thrill seeing foreign institutions and countries and peoples feel a spasm caused by your own behavior. And then sit back and for at least a decade if not longer and enjoy your own self-inflicted and far far worse bankruptcy and disorder and chaos all brought about due to your loyalty to looting your own government”?

[billy blog] billy blog » Blog Archive » What is it really all about?: My advice here to all those students around the world who I now know read my blog daily (including the groups at Harvard, Stanford and LSE) is that the mainstream stuff is so banal that you can learn it in a short-time and all the mindless academic staff are expecting is regurgitation to prove that you are fit to join them sometime to continue the game. But it leaves you with plenty of time to learn other things and develop broader skills of analysis.

[Finance Blog] The Importance of the Macro-Political Landscape and How David ...: Gasparino breaks news that David Einhorn will be brought in as a witness in the upcoming Congressional hearing on the Lehman’s fraudulent disclosure as reported by the much discussed Anton Valukas report. According to the Fox Business senior correspondent: “Einhorn through a spokesman declined to comment, but a person close to

[blog maverick] Tax the Hell Out of Wall Street and Give it to Main Street « blog ...: Correction to previous comment: It appears that the problem you’re citing was NOT caused by day traders. A little more investigation into a serious situation may be required the next time you attempt to spew your invective on those of us attempting to eek out a meager living on your crumbs…

[Clusterfuck Nation] Out of Darkness - Clusterfuck Nation: Discouraged too by the imperturbable assurances that we'll soon be returning to growth or that the economy (cheap-oil-facilitated discount imports for a mass market of credit purchasing) is fundamentally sound. To me it sounds like these people are just looking at numbers, at means, and not asking any basic questions about whether these goals, these ends, are worth pursuing even if we had the means to do so.

[billy blog] billy blog » Blog Archive » Life in Europe - another day, another ...: The money is being provided by other governments (mainly the German Treasury, cutting back its domestic spending) into a kind of escrow account for the Greek government to pay foreign bondholders who bought up these securities at plunging prices over the past few weeks. They will make a killing, as will buyers of hundreds of billions of dollars of credit-default swaps on the Greek government bonds, speculators in euro-swaps and other casino-capitalist gamblers.

[FiveThirtyEight: Politics Done Right] FiveThirtyEight: Politics Done Right: Storm Clouds On the Economic ...: Now panicked over the growing public perception that he is weak on terrorism and certain that one day an attack will succeed, Obama is moving sharply right, moving to overturn historic Miranda protections while seeking authority to assassinate, without trial or any due process, American citizens abroad. While he and his clownish Attorney General speak with one voice, mouthing platitudes about closing Guantanamo, seeking to try terrorists in US courts, while refusing to acknowledge the role that Islam played in the Fort Hood shooting, they then seek an unprecedented and authoritarian expansion of Presidential power at the direct expense of the people’s liberties.

[race42008.com] Comment / Read More - RightOSphere: “The easy days are over for countries like Greece, Portugal and Spain, but for us, too,” said Laurent Cohen-Tanugi, a French lawyer who did a study of Europe in the global economy for the French government. “A lot of Europeans would not .

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