Sierra Faith

The Anchoress has new artwork up to show how our President is doing his best to talk us down from a recession into a depression. With friends like these. . . . Pretty soon, he will make Jimmy Carter look like an eternal optimist!

Public pension funds are in the tank: Something will have to change. Without a restored boom in stock prices, public pension funds will have a very hard time meeting their obligations. Either governments will have to increase taxes – perhaps dramatically – or force public employees to endure the same risks and potentially anemic returns [...]

Sad, simply sad. And stupid.

Congressional Budget Office Predicts Recession Will End in 2009 Without Stimulus. And, Stimulus Bill Will Lead to “Unmitigated Disaster.

Terry Teachout.

Watch out: When asked whether the stimulus package had turned into a spending spree, President Obama acknowledged it with pride. “That’s the point. Seriously, that’s the point.” But that’s not the point; not the point at all. And it’s a shame BHO doesn’t realize it and a greater shame if he does. The real question [...]

Melanie Phillips: President Obama has had, by general consent, a torrid First Fortnight. To put it another way, it has taken precisely two weeks for the illusion that brought him to power to be exposed for the nonsense that it so obviously was. The transformational candidate who was going to sweep away pork-barrel politics, lobbyists [...]

Samizdata says, Uh No, the Constitution tells us what must be done. And Obama even took the Oath to Preserve, Protect and Defend the Constitution twice. It must be that he just has not read it yet. We have children running the store now.

Now, more than ever. Enjoy Milton Friedman as he puts on a clinic for the hapless Phil Donahue.

John Kerry: If you put a tax cut into the hands of a business or family, there’s no guarantee that they’re going to invest that or invest it in America. They’re free to go invest anywhere that they want if they choose to invest. Incredible.