When the mortgage crisis hit, many people thought that it couldn’t take down the entire economy and bring about recession. They were wrong.
So I have no way of knowing just how much damage the subprime bubble in used car loans is going to do. It could be less traumatic than the crash of 2008. But it could also be much worse as far as I know.
Auto loans to people with tarnished credit have risen more than 130 percent in the five years since the immediate aftermath of the Read more [...]
The most commonly offered alternative to capitalism is not socialism, but corruption, otherwise known as “crony capitalism.” That is when the government gives businesses special favors so that they get either a captive market or subsidies at taxpayer expense, or both. One brand of this economic theory was known as mercantilism. Adam Smith wrote against it.
The theory that justifies crony capitalism is that the market won’t work unless it is “stimulated” or otherwise helped by government. Read more [...]
You would have to be living under a rock in this country to not realize that there are a shipload of fools who think that it is self evident that McDonald’s restaurants should be paying no less than fifteen dollars an hour to their employees. The assumption is that the restaurants have swimming pools full of cash in which the owners are frolicking like Scrooge McDuck. Here’s a little tip from CNBC: “McDonald’s franchisees most pessimistic in a decade.”
McDonald's franchisees' sales outlook Read more [...]
As you may (or may not) remember, we wrote back in May 2013 about how the Environmental Protection Agency was targeting conservative groups. According to David Jolly,
The committee of legislators obtained information that indicated that since January 2012, 21 of 26 requests for Freedom of Information Act fee waivers from conservative groups were denied. During the same period 75 of 82 FOIA fee waiver requests from environmental groups that shared many of the same agendas of the current administration Read more [...]
I still call him Bradley Manning, though he has legally changed his name. And I still call him a “him.” As far as I can tell, it is an assault on women to pretend that a man even knows what he is talking about when he claims he “feels like” a woman, or that he is “really” a woman. I also find it bizarre that he had to change his name. Are you telling me that he can have a female gender but that his name, “Bradley,” has a fixed gender that can’t be changed? If Bradley can claim to Read more [...]
The U.S. government’s Export-Import bank is being condemned both by liberals and by conservatives right now. You would think with liberal critics like Ralph Nader and others, Elizabeth Warren would be leading the charge.
But no. Far from condemning the mechanism for giving public subsidies to businesses, Elizabeth Warren says it is a great idea. Bloomberg reports:
The Tea Party-aligned group sent a letter today to Sen. Elizabeth Warren, a Massachusetts Democrat known for taking populist stands Read more [...]
With the claimed interest in making sure we eat allegedly “sustainable” food, you would think that these food dictators would want to make sure that they used economical means to promote good food. But you would be wrong if you thought that.
Instead, our food masters want to make us vegetarians through extravagant technological innovations.
The concept is bizarre since it is being widely acknowledged that people resent and resist attempts to dictate to them what they should eat. Even children Read more [...]
Modern followers of Muhammad show their true colors when given the reins of power. "Convert" (imagine the mockery... a god who allegedly accepts a profession of allegiance at the threat of death!), be extorted to pay for things one does not believe, or be crucified or beheaded.
Consider this Reuters headline: “Convert, pay tax, or die, Islamic State warns Christians.”
Islamist insurgents have issued an ultimatum to northern Iraq's dwindling Christian population to either convert to Islam, Read more [...]
I should have realized, when Richard Branson publicly claimed he would no longer eat beef, that there was a government push coming. Sure enough, our government overlords are doing all they can to turn us into vegetarians. As the Daily Beacon reports,
The federal committee drafting nutrition guidelines continued to stress the importance of moving Americans towards plant-based diets on Friday, arguing that eating less meat and fewer snacks can save the planet.
The 2015 Dietary Guidelines Advisory Read more [...]
We live in a time when the populace is obviously getting sick of legalized baby-killing, as is reflected by what is happening in many states to restrict it (not nearly enough, but it’s better than nothing). Even pro-abortion liberals are finding themselves targeted by Planned Parenthood merely for trying to prevent the deaths of women at the hands of abortionists (ignoring, of course, that many girl babies are slaughtered).
But, of course, Portland, Oregon, is way too hard-hearted to soften Read more [...]