One month into a failed Presidency. I did think it was odd that the Admin. had no economic plan, and ceded it all to the Dem House sandbox. Why was there no realistic plan, and just a mix of every Dem Congressman's junk pile?
Big stimulus money for warmists only. The warming biz is hot. No doubt there is plenty of pressure and incentive to come up with the wanted results. Even absent-minded professors know on what side their bread is buttered. They like to eat too, and the grant money they can bring in is their bread and butter. The grants pay their salaries.
Sullivan declares that the GOP has declared war on Obama. I think it is the other way around. When you say "F-you, we won," you aren't being collegial. When you grab the Census, you aren't even being civilized: it's a Chavez-like, Chicago-style power grab. I think the WH is planning to crush the GOP for the next 10 years. Who is using projection here? Me or Sullivan? We viewed the Dem handling of the pork and federal power-grab of the so-called stimulus as a declaration of war.
Read Ray Dalio's 4-page piece in Barron's, if you haven't (we linked a couple of days ago). His macro view, while depressing, makes a lot of sense: It's a D-process. He likes gold right now.
Re the national debt chart we posted this morning: If China is buying all of our federal paper, does that mean that they will own us?
General reminder: When you have the time, it's always worthwhile to see what TimesWatch has to say.
Reagan said "The closest thing we will ever see to eternal life on this earth is a government program." The gummint racket ratchet has no reverse setting. Why the cost estimates of the stimulus are way off. Does anybody imagine that any of these hundreds of new "programs" will ever be cut or dropped when things settle down? I think we taxpayers are being rolled and scammed within an inch of our lives - if not more.
