Tag: George W. Bush
More Stimulus: Insanity?
Warren Buffett says the economy is not recovering and we might need a second stimulus package to turn things around. In other words, what we did before isn’t working, so let’s do it again. Insanity has sometimes been described as doing the same thing over and over and expecting different results. When George W....
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Al Franken, Chickenhawk
I used to love Franken on Saturday Night Live. Although his Stuart Smally character got old very quickly, he did a wonderful Paul Tsongas impression. I’d link to an example on YouTube, but NBC takes its intellectual property very seriously and therefore hundreds of the most humorous bits ever to air on late night...
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Barack Obama and The Road to Serfdom
In 1944, a book was published that shook the intellectual and political cultures of the Western world. Dedicated to “The Socialists of All Parties,” The Road to Serfdom was authored by the Austrian School economist Friedrich A. Hayek, who subsequently received the Nobel Prize in Economics in 1974. In his book, Hayek vividly showed...
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It Would Be Cheaper to Fight World War II Again
What is the right word to describe the U.S. government’s current and proposed fiscal condition: fantastic, unbelievable, surreal? The Obama administration now expects a budget deficit in fiscal year 2009 of $1,750 billion, or more than 12 percent of GDP. Total federal spending this year is expected to be $3,940 billion, or 27 percent of GDP. President Barack Obama promises that the...
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The Waterloo of Keynesianism (Military and Domestic)
Note: In part, this post is an answer to a query by Mark Hatlie. This following is an excerpt of a post at the blog of Historians Against the War. Comments are welcome: While it is perilous for any historian to predict the future, we may well be headed for the Waterloo of Keynesianism...
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Continuity We Can Believe In
There are some definite shifts to the left in Obama’s governance, as well as some symbolic or even real gestures toward centrist pragmatism on issues like the environment and abortion. But the general thrust can broadly be seen as hyper-interventionist. Although some depredations under Obama have picked up their pace and some under Bush...
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George W. Obama Speaks (“The Daily Show”)
Jon Stewart hits the target.
Oh, Joyful, Joyful Coronation Day
I was awakened this morning by bright sunlight that penetrated the shade on my bedroom window. A bright, sunny winter day is not an unusual occurrence in southeast Louisiana, where I live, but today’s brightness and sunniness were the brightest and sunniest I have ever seen. Something has changed. I went out to tend the...
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President Bush’s Eulogy for Capitalism
I got this email yesterday morning from my former colleague Mark McMahon, a Rhodes legend who retired after my first year here and a wonderful mentor: I finally figured out what Bush is up to! I just couldn’t see how he could praise capitalism as he did in his recent speech on the benefits...
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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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