Bail Out Archives - Granite Grok

Swett Turns A Phrase

September 26, 2018July 1, 2010 Steve MacDonald

In a recent email to supporters Katrina Swett puts a new spin on the thousand pound gorilla in the room. The gorilla is the economy and K-Swett appears to have looked to the east for inspiration. She also spelled the word “lose” wrong. Figure out where yourself I have a blog to write.

The new turn of phrase, and we could be seeing this rebranding from all the debt-o-crats in the very near future because they to spin things, is to ‘rebalance the economy.’ “Rebalance the economy?” (As in less government more freedom?) Not exactly. In Ms. Swett’s application she would like to rebalance the economy so that it works for us not just big corporations. Oh, see it’s those big corporations again.

Funny thing but this is exactly how the UK’s liberal democrats are using it. They’ve had this plan to use the government to rebalance the relationship between the people and small and big business in the hope that quaint little shops will compete better and who knows, perhaps even sprout up like mushrooms on Britain’s debt ridden ass. The means of such fairness appear to be to tax the big shops more. Rebalancing ala Obama’s spread the wealth around a bit?

Drop Dead Fed

September 26, 2018June 30, 2010 Steve MacDonald

In the most recent issue of National Review Gary Wolfram, Professors of Economics and Public Policy at Hillsdale College wrote this in regard to Mises and Hayek’s Austrian business-cycle theory.

""This theory emphasizes the role of the interest rate in bringing together the plans of producers and consumers. The interest rate is the price of loanable funds — in effect, the price of money — and, like the price of any good or service, it gives producers information about consumers’ behavior and the actions of other producers. For example, if consumers wish to save — to put their money in banks, which lend it out — they will increase the supply of loanable funds, putting downward pressure on the interest rate. Producers can then borrow that money cheaply and invest in capital goods such as machinery, factories, and housing — which they can use to create goods for consumers to buy in the future with the money they have saved. Thus do producers and consumers arrive at the equilibrium interest rate, which matches producers’ plans to invest in capital goods with consumers’ desire to save.

You Must Claim To Have Balance Daniel-san

September 26, 2018June 28, 2010 Steve MacDonald

State Senator Maggie "the red" Hassan had a puff piece in the New Hampshire Sunday News to defend the NH democrats “balanced Budget.” We can tell right away that Ms. Hassan is going to take us on a fanciful journey because of her opening clause. “Scarce resources make for difficult budgets…” It is from this … Read more

Sugar Daddy

September 26, 2018June 24, 2010 Steve MacDonald

Paul Hodes has a dirty little secret. His ‘commitment’ to green energy has strings attached that lead directly to the sugar industry and a significant campaign cash “Thank You.” Back in 2007 and 2008 Congress waged an epic battle over the Farm Bill. They didn’t call it the farm bill they called it the Food … Read more

Why The Stimulus Had To Fail

September 26, 2018June 16, 2010 Steve MacDonald

It’s simple economics. Government money comes from taxpayers. The more government spends the more it relies on taxpayers to pay for its spending. The less money taxpayers have the smaller the economy will be the fewer jobs there are, which means less income, less taxes, more debt. The stimulus, the huge budget bills, the massive … Read more

One Hell Of A Wild Ride

September 26, 2018June 12, 2010 Steve MacDonald

There is always speculation about the state of the economy and plenty of people–mostly middle left–have looked at the goat entrails and pronounced a recovery underway if for no other reason than that they want to. More than a few folks disagree, and it is fair to say that to some small degree the opinion is … Read more

New Hampshire Needs To Go Into Rehab

September 26, 2018June 12, 2010 Steve MacDonald

“…state governments learn to rely to much on federal handouts as well. New Hampshire democrats just “balanced” the state budget with more debt and millions in federal money that’s not even there. So now they’ll have to get someone to put it back or their budget will not be “in balance,” like some crack whore begging for another hit.”