government

Last week I showed you a chart from ProPublica in my post State unemployment insurance insolvency: 50 little Hoovers which demonstrated how states are being killed by the financial strains of unemployment insurance.  Well, this week…

If you have been watching the news flow in the last month, you would certainly have the impression that there are an increasing number of large layoffs – Sam’s Club being a notable one.  Before January, the jobless claims numbers…

This is a great graphic showing the money and asset flows in the AIG bailout that makes it far easier to understand why people are calling the AIG bailout a backdoor bailout of AIG’s counterparties.  Take a look. Source CHART OF…

I just received this document from an interested reader. It is a request by Congressman Darrell Issa for a subpoena to be issued in order to facilitate the investigation surrounding the AIG cover-up. Apparently, evidence has now surfaced…

This problem is going to be solved via tax increases a la Oregon or spending cuts a la California before FY 2011 hits in July. (hat tip Gregor) (click image to enlarge) Source Unemployment Insurance Tracker - ProPublica

A comic version of what the Constitutional Convention would look like today

The poll results are in on why President Obama has begun a ‘War on Wall Street.’ A majority of CW readers believe President Obama’s recent populist turn and harsh rhetoric directed toward Wall Street is a political stunt. And to the degree…

This is pretty funny.  Hat tip Linda.   By the way, Linda, this is not my Libertarian ideal! It’s called anarchy.

This is not just about California. Come Summer 2010, the most severe gaps will be closed via budget cuts or tax increases unless the Federal Government can pull a rabbit out of the hat. Source Policies for Increasing Economic Growth…

Bond king Bill Gross has gone populist. He starts his latest monthly investment outlook with an indictment of capitalism as practiced today in the United States that is a frontal assault on the corruption we are witnessing in Washington. As…