Via the Treasury Department’s Debt to the Penny Calculator, here’s what the National Debt was on January 19, 2001: And here’s what it was on January 20, 2009: That’s an increase of  $ 5,005,369,081,097.44, or 87.39% in eight years. In other words, George W. Bush and the Repu...

Remember that 60 Minutes piece on bank failures I linked to earlier this week and how optimistic the Chairwoman of the FDIC sounded ? “We’ve been around for 75 years and nobody’s ever lost a penny of insured deposits,” FDIC head Sheila Bair told Pelley. “…which is why...

Rolfe Winkler explains why spending yet more money we don’t have isn’t going to help, and will probably end up hurting us very badly: If I may offer just one reason this will all fail: rising interest rates. Interest rates need only revert to their historical median in order to hammer as...

Jim Rogers was on Larry Kudlow’s show last week talking about the economy and he was as blunt as ever: Similar Posts: Peter Schiff: Get Out Of The Dollar Scott Boras Has a Bad Week Larry “Bud” Melman, RIP Okay, This Country Is Officially Screwed Larry King Lands Paris Hilton...

Two Republican Senators made comments today that are bound to be the subject of much discussion: John McCain and Richard Shelby, two high-profile Republican senators, said on Sunday that the government should allow a number of the biggest American banks to fail. “Close them down, get them out of b...

As each hour passes it becomes clearer why Eric Daniels has been fighting so hard all week to cling on to his black horse....

Ben Smith reports today in The Politico that Republican insiders are finding it hard to recover from last year’s defeat: It’s no surprise that many prominent Republicans are forecasting a long winter. “You think you hit bottom, and it can always go lower,â€� said Republican pollster Whit A...

It's hard to imagine that Citi was suing to have the right to receive even more bailout money so they could buy the failing Wachovia only last October. Ahh, those were the days of capitalism, Republican style. When else and where else could a failure have the opportunity to buy another failure on th...

The right-side of the blogosphere was all over yesterday’s protests against the bailouts: Several thousand neopatriots – some shouting “Give me liberty or give me death!â€� – took to the streets in over 30 US cities Friday, representing what some of them call the beginning of a new conse...

Yesterday, President Obama’s Press Secretary made the odd choice of commenting on Rick Santelli’s now-famous rant: Gibbs attacked Santelli by name repeatedly, accusing him of not having read the president’s housing plan and mocking the former derivatives trader as not being an effe...