It’s amazing to me that we can have a president who says to his Democratic cohorts that doubling the debt in 8 years got us here – but feels compelled to double the debt in 20 days to “fix” the problem debt caused. Does anyone else follow the logic?

In your PPS you comment
“or Obama’s race to put in CO2 limits in time to take credit for the global cooling cycle many solar observers are starting to predict.”

That one would be easy to discredit since that assumes when temperature goes down CO2 will go down. The temperature will go down but CO2 won’t so that will be an obvious indication that the cause and effect relationship will be weak.

I disagree. They *think* they can control the amount of CO2 in the atmosphere, and thus the temperature of the earth. They *think* they can control the economy closely enough to avoid depressions, recessions and corrections.
So far, they have not been proven wrong, but to believe that they can finely tune what will happen in both areas is spectacular hubris. Beyond belief hubris.
They are stupid. And ignorant, though they choose that adjective freely.

“You can lead a horse to water
but you cannot make them drink.
You can explain the facts to a Democrat
but you cannot make them think.”

Feelings, not facts. Try to remember. After all, Ms Pelosi is certain the Catholic Church has been debating the value of abortion for the past 2000 years. Mhhhmm hmmm. Not.
And our President is out to protect the weakest of all of us. Not. See: Pelosi & abortion.
Charmful empty Hawaiian shirt, but with certainty of conviction beyond reason.
Ugh.
tom

Herewith a Democrat training video:

http://video.google.com/videoplay?docid=-7554865090799900529

Porkulus was ordinary leftyism, or ordinary politics, taken to the next level. I estimate the productive elements of the US economy could have paid for it. Remember, we do get some value out of the $787B. The money is not all set on fire, just put to less productive use.

It struck me last night that I misread the title of the budget. I thought, after the non-SOTU, “A New Era of Responsibility” meant fiscal responsibility. In some post-modern truth-free sense. It took it as a pile of ludicrous steps aimed at actually increasing economic output. Nope.

What Barry means by “A New Era of Responsibility” is we are now our brother’s keeper. The so-called rich are guilty for hoarding wealth while so many poor struggle to survive with just one car and only two TVs. Now, when I see photos of the budget document, the title appears as To Serve Man.

I despise Barry and Congress for stealing the country. And for making me sound even more like a wingnut than I used to.

“Bubbles” are used to describe too many economic events. It blurs the distinctions of root cause and is often times a placeholder for things that don’t fit an easy explanation for a person’s point of view. Greenspan, Milton Friedman (a hero of mine btw) et al have used the term with particular frequency describing events that otherwise would force them to deal with why something happened they said could not happen.

This combined with a level lack of checks on the authoritarian sections of the gov’t (courts (prosecutors), law enforcement), because there are dumbass law and order dems, is making me extremely hesitant to even consider moving back. I prefer to live in a country with an incompetent political elite to one with a competent, but pig headed, idealistic and certainly harmful one.

a) dropping interest rates far too low and keeping them there far too long, and
b) pouring astronomical amounts of liquidity into the system, while
c) persisting in the same approach in spite of profoundly changed circumstances … like a couple of dogs spending hours digging after a bunny under the front of the shed even though said rabbit has long since departed by another route.