The QE Forever policies of the Federal Reserve are keeping the tycoons on Wall Street happy, but according to this piece in The Wall Street Journal, the whole reason behind it is to finance the federal government’s out of control…
Tag Archive for depression
Scary Parallels Between 2013 and 1937
by Lonely Conservative • • 9 Comments
Economic historian Amity Shlaes sees some scary parallels between 2013 and 1937. In 1937Franklin D. Roosevelt had just been reelected to another term and Americans soon after experienced the “depression within the Depression.” Will 2013 be 1937? This is the…
Obama Economy: Feeblest Recovery Since Great Depression
by Lonely Conservative • • 2 Comments
This is the Obama economy. According to the AP we’re experiencing the “feeblest” recovery since the Great Depression. No wonder President Obama wants to talk about everything but this miserable economy. He’s a complete failure, and he won’t even pick…
Biden: Millions and Millions of Americans Are In a Depression
by Lonely Conservative • • 6 Comments
Joe Biden finally got something right. “My grandpa used to say, from Scranton, he’d say, ‘Joey, when the guy in Dunmore – the next town over – when the guy in Dunmore is out of work, it’s an economic slowdown.…
The Gloomy Economic News Just Keeps Rolling In
by Lonely Conservative • • 3 Comments
Earlier President Obama gave a speech at the G20 summit. It was too much to take. I had to turn it off when he praised the performance of the US economy under his watch and dumped on Europe. As if…
‘Your Taxes Are Going Up Next Year’
by Lonely Conservative • • 4 Comments
I finally was able to speak with our accountant this afternoon to find out how much money we owe the IRS. Let’s just say I wasn’t jumping for joy, especially when he reminded me “Your taxes are going up next…
Are We in for Two Decades of this Economy?
by Lonely Conservative • • 1 Comment
Matthew Lynn looked back at the decades-long depression that began in the 1870′s and compares it to today’s economy. He believes the economic slump we’re in could last until the 2030s. When the markets blew up in 2008, policymakers rushed…
Worst Thanksgiving Week for Wall Street Since 1932
by Lonely Conservative • • Comments Off
Last week was one for the record books, but not in a good way. The stock market had its worst week since 1932. The OWS goons might be happy, but the millions of Americans with 401k’s watched their savings shrink.…
Will China Legislation Cause a Trade War Resulting in Another Great Depression?
by Lonely Conservative • • Comments Off
Dr. Owens had his say. Now here’s what Mish Shedlock had to say on the subject of protectionism and the bill working its way through Congress that would impose tariffs on China for undervaluing its currency. The latest I’ve heard…
They Call This A Recovery?!?
by Lonely Conservative • • 6 Comments
President Obama keeps talking about this “recovery” we’ve got going. You know, the one he made possible with his massive spending that sent us to the brink of disaster. Anyone with even a rudimentary understanding of economics understands that economies…
The ‘Obama Depression’ Hits Dollar Stores
by Lonely Conservative • • 1 Comment
You know things are rough when even dollar stores are seeing sales slide. That’s the latest news out of the “Obama Depression.” Thanks, Obama! Heck of a job you’re doing there. America’s three largest discount chains — Dollar General Corp.,…
Herbert Hoover was not a Conservative!
by Lonely Conservative • • 1 Comment
Don’t you love the way the left tries to portray current Republicans as little Herbert Hoover wannabes? This has been covered before. Herbert Hoover was another big spending progressive, just like FDR who continued Hoover’s wretched policies. How many times…
We’re On the Brink of a Depression and Geithner and Biden Press for Tax Hikes
by Lonely Conservative • • 6 Comments
Our country’s being run by a bunch of professional politicians and academics who have little to no real world business experience. We’re seeing where that’s gotten us. Michael A. Walsh summed it up pretty well. The government racked up $5.3 trillion…
Analyst: ‘We’re On the Verge of a Great, Great Depression’
by Lonely Conservative • • 9 Comments
Let’s hope that market strategist Peter Yastrow is wrong about the direction our economy is headed. (Not that there’s any reason to believe he’s wrong.) He told CNBC we’re on the verge of a great depression. “We need to find real…