These days, you have to travel far to find a national leader who is talking about market-based approaches to the global recession. All the way to the other side of the world.
"We don't tell New Zealanders we can stop the global
recession, because we can't," says Prime Minister
John Key, leaning forward in his armchair at his
office in the Beehive, the executive wing of New
Zealand's parliament. "What we do tell them is we
can use this time to transform the economy to make
us stronger so that when the world starts growing
again we can be running faster than other countries
we compete with."
More...
‘Obama Bear Market’ Punishes
Investors as Dow Slumps
President Barack Obama
now has the distinction of presiding over his own
bear market. A bear market is defined as
a decline of 20 percent or more. The Dow average
dropped 31 percent since Obama’s
election through yesterday.
The Dow Jones Industrial Average fell 20 percent
since Inauguration Day through yesterday, the
fastest drop under a newly elected president in at
least 90 years, according to data compiled by
Bloomberg. The gauge lost 53 percent from its
October 2007 record of 14,164.53, slipping 4.1
percent to 6,594.44 yesterday.
Read more... if you want to.
And it just keeps getting better....
Deception at Core of Obama Plans
Charles
Krauthammer has it right:
Forget the pork.
Forget the waste. Forget the 8,570 earmarks in a
bill supported by a president who poses as the
scourge of earmarks. Forget the "$2 trillion dollars
in savings" that "we have already identified," $1.6
trillion of which President Obama's budget director
later admits is the "savings" of not continuing the
surge in Iraq until 2019 -- 11 years after George
Bush ended it, and eight years after even Bush would
have had us out of Iraq completely.
Forget all of this. This is run-of-the-mill budget
trickery. True, Obama's tricks come festooned with
strings of zeros tacked onto the end. But that's a
matter of scale, not principle.
All presidents do that. But few undertake the kind
of brazen deception at the heart of Obama's
radically transformative economic plan, a rhetorical
sleight of hand so smoothly offered that few
noticed.
You gotta read this!
Click here.
