This is the age where politicians get their chance to run up huge debts.  “Politics is about what works,” said Hillary Clinton. At least, we think it was Hillary Clinton. Someone said it. Someone who is an imbecile.

Washington’s latest bailout scheme will rob you blind for years to come.  I object! Sometimes the stuff we talk about here is pretty academic. This country is up… that sector is down. Sometimes it’s all about a specific stock idea that you might care to invest in.

What’s the true cause of inflation? Jimmy Carter underrated? Really? And what makes Von Mises right after all these years? Read on to find out…Thank you (once again) for all your excellent responses on the Obama-Carter connection. When your thoughts and comments roll in, my only lament is a lack of space in which to reply.

Bill Bonner believes America is in irreversible decline. We think he’s probably right. The following extract from The Daily Reckoning sums up the scale of the challenges facing the US.

Reportedly, Bill O’Reilly referred to a recent story out of our nation’s capital as “bigger than Watergate.”
Whether the story is bigger than Watergate or not, it is definitely a scandal of huge proportions.

America is in a real pickle these days – but just how did we get here? Jim Amrhein reminds us, in signature pull-no-punches style, that the man who just left the White House had an eight-year hand in this mess…

It’s a hard truth for Americans to face that neither team in Washington is going to guard what we love the most. That is something we are going to have to face. Liberty is for the citizens to guard themselves.

Venturing out each day into this land of strip malls, freeways, office parks, and McHousing pods, one can’t help but be impressed at how America looks the same as it did a few years ago, while seemingly overnight we have become another country.

President Obama is under the impression that history owes him $1 trillion right now to spend on whatever he wants. His language is strident and full of irritation that anyone would question his right to live out his personal dream of being Franklin Roosevelt to George Bush’s Hoover. This, he says, is what the election was all about.

Ghost of stimulus past warns… government spending “does not work”…Obama champions bill, nevertheless… Lew Rockwell provides voice of opposition…Geithner unveils TALF, TARP 2.0, whatever you want to call it… another $1 trillion-plus on the line…Time to go back to school, right? Maybe not…. MBA recruiting at record low….Not all market sectors in the drink, one high-end market still showing signs of life…