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Archive for July 28th, 2012

Let us review the Obama Economy once more

Saturday, July 28th, 2012

We’ve take a couple of health checks of the economy under the Obama regime, and they haven’t looked good.

Let’s add this data point: the Obama administration projects $1.2T 2012 budget deficit.

Didn’t our Dear Leader promise to cut the deficit in half? Instead he is taking it to new record highs.

Here is another example of fiscal mismanagement by the Obama regime: GM (Government Motors) ramps Up Risky Subprime Auto Loans To Drive Sales.

Let’s review recent history, it was the federal government policy of forcing record numbers of subprime housing loans that lead to the last fiscal crisis. A policy formed by the so-called “Community Reinvestment Act” that was put in place and defended by the far left wing of the democrat party.

Can anyone see the subprime auto loan market turning out any better than the subprime home loan market?

Quote of the Day

Saturday, July 28th, 2012

Cars didn’t shape our existence; cars let us escape with our lives. We’re way the heck out here in Valley Bottom Heights and Trout Antler Estates because we were at war with the cities. We fought rotten public schools, idiot municipal bureaucracies, corrupt political machines, rampant criminality and the pointy-headed busybodies. Cars gave us our dragoons and hussars, lent us speed and mobility, let us scout the terrain and probe the enemy’s lines. And thanks to our cars, when we lost the cities we weren’t forced to surrender, we were able to retreat.

–  P.J. O’Rourke

More P.J. O’Rourke