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The EU Is Beginning To Face Reality: President Obama And Secretary Geithner, Not So Much

Having a Central Bank that issues what is known as a reserve currency has its advantages. It also has its disadvantages when the federal government attached to that bank refuses…

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Obama Warns British Petroleum Not To Pay Big Dividends: Louisiana Shareholders Hardest Hit

President Obama warned British Petroleum today that paying large dividends to its shareholders during the Deepwater Horizon spill was unacceptable: NEW ORLEANS — President Obama visited the Gulf Coast on…

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President Hedley Lamarr's Phoney Baloney Jobs

Great news! Non farm payrolls rose by 431,000 last month. The not so great news: 411,000 of those jobs were census worker temp jobs. While he was stumping in Pittsburgh…

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President Bush On Water Boarding: "I'd Do It Again"

During a visit with the Economic Club of Grand Rapids, Michigan President Bush said this about the water boarding of Khalid Sheikh Mohammed: "Yeah, we water-boarded Khalid Sheikh Mohammed," Bush…

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Strung Out In Pittsburgh

After seventeen months of huge majorities in both Houses of Congress and a fawning press the President went to Pittsburgh today for his much needed fix and launched an attack…

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Obama's Bay Of Rigs: The President's Chickens Come Home To Roost

As the Deepwater Horizon blow out continues unabated for a month and one half, the disaster has become what Rush Limbaugh is calling Obama's Bay of Rigs. This may be…

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Massive Response To BP Oil Spill Dwarfed By Obama CYA Operation

Charles Krauthammer asks rhetorically: Whose blowout is it, anyway? Here's my question: Why are we drilling in 5,000 feet of water in the first place? Many reasons, but this one…

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Palin Derangement Syndrome Update: Iowahawk Eviscerates Joe McGinnis

Iowahawk has a piece up that just eviscerates Joe McGinnis and the boatload of journalists (including the likes of Tina Fey) that suffer from Palin Derangement Syndrome . As Kim…

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Worst Press Conference Since " I Am Not A Crook"

As Shawn mentioned below, the Obama press conference today was literally unbelievable. The "checkers moment" ("daddy, did you plug the hole"?) he tried to insert in the presser came after…

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Jesse Jackson Jr. Hits The Jackpot, Gets To Shakedown Republicans And Democrats

Just when you thought Illinois politics couldn't get any crazier. Politico informs us that Representative Jesse Jackson Jr. has found some sudden respect for Republican Senatorial nominee Mark Kirk in…

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The European Riots Can Happen Here: The SEIU Is Already Sponsoring Them

It turns out that restructuring the European lifestyle may be much more difficult than many EU members expected. ARIS — Across Western Europe, the "lifestyle superpower," the assumptions and gains…

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The Rand Paul Panic

Perusing the news today, it appears that there is still a serious systemic problem unfolding in the EU that could make the 2008 financial panic look like a picnic. The…

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The Final Insult To Daniel Pearl

Via our commenter kathie comes this remark by President Obama about the execution and beheading of Wall Street Journal reporter Daniel Pearl. "Obviously, the loss of Daniel Pearl was one…

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Kentucky Has Spoken

Clarice at Tom Maguire's blog may have saved some lives tonight with the following advice: Whatever…Let's follow Rush's advice–Don't drink every time an announcer says, "This is not a referendum…

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Tuesday's Primaries Begin The Banquet Of Consequences

The primary elections in Kentucky, Arkansas, Pennsylvania and Oregon will be fascinating to watch. A few thoughts on the races I find most interesting: Pennsylvania Democratic Senate Primary: Sestak versus…

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The European Union Crack Up And What It Says About U S Priorities

It is becoming ever clearer that the macroeconomic experiment know as the European Union is coming apart. May 15 (Bloomberg) — The euro fell to its lowest level since the…

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Rahm Emanuel Is Doing Some Serious CYA After ObamaCare Passage: Does He Hear Clinton Footsteps?

Liberal blogger Greg Sargent has an interesting piece out today about Jonathan Alter's new book "The Promise". I haven't read the book but Sargent offers some interesting teasers from Alter's…

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The Washington Post's Sudden Concern For Bipartisanship

The opinion editors at the Washington Post are concerned about the level of polarization in our national politics. This concern seems to pop up every time establishment pols inside the…

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The Failure Of The Federal Confidence Game

The world's largest entity in terms of gross revenue had a bad month in April. The IRS collected only $245 billion dollars in April 2010 compared with collections of $266…

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Samuelson: Death Spiral Of The Welfare State

Is the failure of the great Keynesian experiment in public spending and government intervention in national economies about to get some traction in the popular media? In other words, are…

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Some European Union Members Want A Divorce

One of the odd things about the European Union and the creation of the Eurodollar was the implicit assumption that all member countries would behave in a fiscally responsible manner…

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Three Term Republican Senator Robert Bennett Loses Primary: Tea Party Demonstrates That Business As Usual Is Over In Washington

Utah Republican Senator Robert Bennett was denied a fourth term in the United States Senate today when he failed to overcome objections to his nomination from Tea Party activists, according…

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Denial In Boomtown Washington

When you live in a boom town it's hard to recognize, much less empathize, with problems in other parts of the country. Economic hardship is one of those elements in…

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When Liberals Lose Their Own Money

The cause of yesterday's massive stock market plunge remains a mystery and Congress is preparing to hold hearings to find out ….something. I'm glad Congress is trying to determine what…

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Reading The Dow Jones Industrial Average In Greek

Reading The Dow Jones Industrial Average In Greek

Thanks Kevin! The U S financial markets had one hell of a roller coaster ride today. In the short duration of less than one hour the Dow Jones Industrial…

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