The Recovery that Never Was

Posted on February 28th, 2011
Recovery Summer by RJ Matson, Roll Call

By Andy Sutton

It is my belief that as the headlines continue to roll in about fiscal woes from sea to shining sea that we are going to get a full appreciation for the fraud that has been perpetrated on the American people in the form of the ‘economic recovery’ that the media has been stumping for since the middle of 2009. This ‘wag the dog’ type undertaking has been about confidence, perceptions, Read More »

“We Owe How Much?”: Waiting for The Big Splatter

Posted on February 28th, 2011
Scrapping National Debt by Paresh Nath, The Khaleej Times, UAE

By Gonzalo Lira

Last week, a bit of news came out that—weirdly—didn’t garner the attention or the reaction one would have thought it would:

The U.S. Federal government deficit for fiscal year 2011 was revised to $1.645 trillion. That revision was up from the previous estimate of $1.4 trillion, which itself was a revision just a couple-three weeks ago by the Congressional Budget Office from the White House’s earlier projection Read More »

Unemployment Pay Deters Would-Be Entrepreneurs

Posted on February 28th, 2011
Will Work for What by Martin Sutovec, Slovakia

By Jack Kneafsey

All throughout this long period of high unemployment, there have been many comments made and questions raised about whether the ability to receive an unemployment check actually removes the necessary incentives for an unemployed person to seek out a new job. The jury is still out on this, but there certainly is enough evidence to suggest that this safety net does hinder that search.

Now, according to The Fiscal Times, it Read More »

Obama Recruits an Army of Community Organizers to Carry His ‘Movement Forward for Years to Come’

Posted on February 25th, 2011
Obama Stands on Libya by Eric Allie, Caglecartoons.com

Frankly, this all sounds rather militant-like and rather disturbing, even scary! This is the President, whose staff responded, when asked why this administration had not spoken out about the current events in Libya,  that the President was very busy and there were scheduling problems. Well, I guess we now know what this President views as more important—being the leader of our country and the free world, or focusing on his re-election campaign.

Also, Read More »

The Worldwide Revolutionary Outlook

Posted on February 25th, 2011
Popular Uprisings by Mike Keefe, The Denver Post

By Bill Bonner for The Daily Reckoning

How the Rising Oil Price Might Affect the US Economy

We don’t especially like numbers here at The Daily Reckoning. You can’t trust them. But we follow a few of them anyway. Like these numbers…

107.01

12.70

The first number above is for the Dow. The second is for gold. They show us what happened in Wednesday’s trading. And, the first number was negative. The Read More »

Bernanke, You Stupid Bastard

Posted on February 25th, 2011
Bernanke by Taylor Jones, Hoover Digest

By Karl Denninger for Market Ticker

Yes, you.

And Trichet, and the rest of the Central Bank fools.

But especially you, Bernanke.

There’s dumb and then there’s really dumb. Let’s take a short walk back down history lane.

You were sure there was no housing bubble.

Then you were sure it wouldn’t pop.

Then you were sure when the subprime problem hit, that it wouldn’t cause a recession.

Then you were sure you had it under control with Bear Stearns’ Read More »

Do you have an interesting news story that just doesn't "add up," or is not receiving the appropriate coverage in the news, just let us know. We'd love to hear it! And, we'll investigate. CLICK HERE.
Get What Am I Missing Here delivered to your inbox for FREE!