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QandO · 2d ago

Lies, deficits and even more irony

I’m sure you have seen the chart that’s been circulating by Rex Nutting of Marketwatch in which he claims that Obama has overseen the least growth in federal spending.  In fact what Nutting reproves is the old “lies, damn lies and statistics” cliché.  James Pethokoukis  takes his argument apart here
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QandO · 2d ago

Economic Statistics for 24 May 12

Here are today’s statistics on the state of the economy: Initial claims for unemployment were 370,000 in the latest week. Last week’s number was revised upwards to 372,000. The 4-week moving average dropped to 370,000. Durable goods orders rose 0.2% overall in April, and 6.9% over last year. Ex-tran
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QandO · 2d ago

Updated: Limo liberal now “helicopter liberal”

Speaking of irony, life for some is just full of it. Pop star Will.i.am spoke at Oxford University in a climate debate saying: ‘Climate change should be the thing that we are all worried and concerned about as humans on this planet, how we affect the planet, our consumption, and how we treat the pla
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QandO · 2d ago

Obama’s irony campaign

Sometimes it is just necessary to chuckle about something that is so ironically funny it almost needs no explanation.  President Obama at a campaign event last night in Denver hitting Romney for “not getting it”: There was a woman in Iowa who shared her story of financial struggles, and he gave her
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QandO · 3d ago

Economic Statistics for 23 May 12

The following statistics were released today on the state of the US economy: New home sales increased 3.3 percent in April to a better-than-expected seasonally adjusted 343,000-unit annual rate. Mortgage application for last week rose by 3.8%. Purchases fell by -3.0%, while refinance apps rose 5.6%.
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QandO · 3d ago

Impressions of my time among heroes

I‘m not really one of those people who goes to events like Salute Our Troops in Las Vegas and spends his time trying to get interviews.  It’s not that there’s anything wrong with that, it just isn’t my style.  Maybe it should be if I ever want to go anywhere doing this, but its not [...]
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QandO · 3d ago

Civil asset forfeiture: Government piracy

A good friend sends along this George Will column: Russ Caswell, 68, is bewildered: “What country are we in?” He and his wife Pat are ensnared in a Kafkaesque nightmare unfolding in Orwellian language. This town’s police department is conniving with the federal government to circumvent Massachusetts
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QandO · 4d ago

Economic Statistics for 22 May 12

The following statistics were released today on the state of the US economy: Existing home sales improved in April, but not as much as expected, coming in at a 4.62 million annual rate. Sales were up 3.4%, but that was to be expected after a terrible March report. Sales were up 10% compared to last
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QandO · 4d ago

Denial is not just a river in Egypt

Dale’s post, “Fantasy v. Reality” is spot on.  And there are plenty of examples of his point to be found.  One of the characteristics of those who live in the fantasy side of things is their continued denial of the real cause of Greece’s problems specifically and Europe’s problem generally. They, li
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QandO · 4d ago

US economic policy – point fingers and hope the other guy gets blamed

Via Charlie Cook, some things you most likely know: First, there’s Europe and the eurozone. It’s possible that the situation could be worse in Greece, but not that much worse. There’s a pretty good chance that country will be exiting the eurozone soon, but either way, Greece is putting enormous stre
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