RGE: Calculating the Total Bailout Costs 2008

Still awaiting 2009's...

Barack the "Magic Negro”

Barack Obama inauguration: this Emperor has no clothes, it will all end in tears

Pelosi draws her lines with Obama

Economy Was a Lot Worse In the Early 80's

Consider the following comparisons of key economic variables today to the peaks for those variable in the early 1980s (see graph above):

Prime Rate
1981: 20.5%
2009: 4% (Current)

Inflation
1980: 14.8%
2008: 0% (December)

Unemployment Rate
1982: 10.8%
2008: 6.5% (December)

30-Year Mortgage Rate
1981: 18.5%
2009: 6.04% (Current)

Real Gas Price (2008 dollars)
1981: $3.45 per gallon
2009: $1.82 (Current)

Bottom Line: When it comes to the current state of the economy, it could be a lot worse. It WAS a lot worse in the early 1980s, by the five key economic variables above: prime rate, inflation, jobless rate, 30-year mortgage rate and real gas prices.

WHAT RECESSION? THE $170 MILLION INAUGURATION

There's No Pain-Free Cure for Recession

Ronald Reagan On Social Security

The Insane Messiah on Climate Change

Federal spending soars 25% before bailout

Town Idiot: Bush says sacrificed free-market principles to save economy

Bush's plan to help carmakers is not authorized by law.

What Would Davy Crockett Say About Bailout Nation?

Creating 5 Million "Green Jobs" by Destroying Millions of Non-Green Jobs

Environmentalists: Proposed fee on smelly cows, hogs angers farmers

MONTGOMERY, Ala. – For farmers, this stinks: Belching and gaseous cows and hogs could start costing them money if a federal proposal to charge fees for air-polluting animals becomes law.

Farmers so far are turning their noses up at the notion, which is one of several put forward by the Environmental Protection Agency after the U.S. Supreme Court ruled in 2007 that greenhouse gases emitted by belching and flatulence amounts to air pollution.

"This is one of the most ridiculous things the federal government has tried to do," said Alabama Agriculture Commissioner Ron Sparks, an outspoken opponent of the proposal.

It would require farms or ranches with more than 25 dairy cows, 50 beef cattle or 200 hogs to pay an annual fee of about $175 for each dairy cow, $87.50 per head of beef cattle and $20 for each hog.

Will Supreme Court take case on Obama's citizenship?

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Capitalism At Work: Ads on tests add up for teacher

Elder Statesman

He was a promising young [black] lawyer when he quit to start a business. It thrived. So he sold it, moved across the country, and became Los Angeles's most controversial talk radio host. When Larry Elder talks about opportunity, people listen.

Racism Pays Off For First Lady; Barack Obama to buy rare $30,000 gold ring for his wife to say 'thanks for your support'

Barack Obama and the FDR-Great Depression Myth

The cover of Time magazine has Barack Obama photoshopped into Franklin Delano Roosevelt’s famous convertible, complete with oval-shaped glasses and cigarette holder held between the teeth. “The NEW New Deal,” The cover reads. Surely many who voted for Obama saw him as potentially the new FDR, the man to lead us out of hard economic times. But they’ve been misled, for even FDR wasn’t FDR. He is a quasi-mythical creature who not only didn’t end the Great Depression but probably greatly prolonged the nation’s economic agony with his New Deal programs and a menagerie of other foolish measures.