Tag: pork
I Now Report Sightings of Shovel-Ready Projects

I was on the road a good deal last week, driving from my home in southeast Louisiana first through a long stretch of Mississippi to Tuscaloosa, Alabama, then to the outskirts of Birmingham and on to Auburn, Alabama, and finally from there back to my home by way of Montgomery and Mobile. Along the way, I was...
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I’d Like My Money Back

April 15, 2009 President Barack Obama Representative Barbara Lee Senators Barbara Boxer and Dianne Feinstein Governor Arnold Schwarzenegger Donald R. White, Alameda County Tax Collector Mayor Ron Dellums Messieurs and Mesdames, Rather than my usual practice of remitting taxes to you on this, your high holy day of April 15, I am this year...
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These Projects Are Shovel-Ready, All Right

I’ve been a little too busy to read the 647-page “stimulus” bill the House just approved and the Senate is set to consider. So, for the moment, I must rely on what others, such as the Wall Street Journal, are reporting about this $825 billion statute. Given the gargantuan amount of money being appropriated...
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Onion News Network Satirizes the Bailouts

The Onion News Network has recently and incisively parodied the utter foolishness of the escalating campaigns for monstrous, federal government bailouts. In The Know: Should The Government Stop Dumping Money Into A Giant Hole? For the authoritative examination of how federal policies are responsible for directly creating the financial crisis, see the recent Independent...
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“Saturday Night Live” Lampoons the Bailout

In a recent sketch, NBC’s “Saturday Night Live” (SNL) superbly and hilariously lampoons the $700 billion bailout and the foolishness, deception, and hypocrisy of many of those who support it. However, according to the Los Angeles Times, NBC has since pulled the original version of the segment from the SNL website apparently as a...
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The Data Don’t Justify Financial-Market Panic

As the hysteria has grown in the discussion of financial markets and related government policies, I have been puzzled by the discrepancy between the best available data and the descriptions quoted in the press—statements by financial gurus, traders, and professors, as well as by government officials. To hear these spokesmen tell the story, you’d...
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Two Unspoken Assumptions in the Credit-Crisis Debate

In the heated, sometimes almost hysterical discussions and debates of the “credit crisis” now swirling through the press, the Internet, and the programs broadcast on radio and television, nearly everybody is making two, usually implicit assumptions: I. The volume of outstanding credit should never decline. II. If the volume of outstanding credit has declined, the government should act to reverse that...
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Metaphors Reveal the Economic Ignorance of Politicians and Journalists

The past few weeks have been a difficult time for economic educators. Never has it been more obvious that all their efforts have been in vain. Neither the politicians nor the journalists, who have been spewing out words at a rapid rate with regard to the so-called financial crisis and the proposed financial bailout, have a...
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