The Hayride

This from the Associated Press…
PARKERSBURG, W.Va. (AP) — The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government, payable to the Social Security Administration.
It’s time to start cashing them in.

Filed under: Barack Obama, Budget, Corruption, Economics, Obamacare, The Fed, The Left | 1785No Comments »http://thehayride.com/2010/03/why-any-new-entitlement-program-at-this-point-is-unforgivable-stupidity/Why+ANY+New+Entitlement+Program+At+This+Point+Is+Unforgivable+Stupidity2010-03-16+03%3A21%3A42macaoidh

If you pay any attention to the financial prognosticators and the economic sites, you’ve inevitably heard the talk about the possibility of a “double-dip recession.” The theory has a number of variants, one of which is that the minute consumer demand begins to rebound, all the money pumped into the economy by the fed will [...]

Filed under: Economics, The Fed | 1744No Comments »http://thehayride.com/2010/03/is-big-economic-trouble-still-ahead/Is+Big+Economic+Trouble+Still+Ahead%3F2010-03-13+02%3A08%3A50macaoidh

German news rarely notes more than a passing thought in the U.S. most news cycles.  However, with the debt brush fires flaring all around the European Union, recent German actions towards EU member Greece deserve some attention in the US.

Filed under: Budget, Economics, Unions | 1726No Comments »http://thehayride.com/2010/03/the-greeks-the-germans-and-our-coming-conundrum/The+Greeks%2C+The+Germans+And+Our+Coming+Conundrum2010-03-12+16%3A53%3A37Mark+Zelden

It appears that if the House passes the Senate version of the Obamacare bill and it goes to the reconciliation process – which is unlikely both because the Democrats don’t currently have the votes in the House and also because it’s of dubious likelihood that there will be any reconciliation at all once President Obama [...]

Filed under: Congress, Economics, Obamacare | 17231 Comment »http://thehayride.com/2010/03/the-latest-poison-pill-in-the-health-care-debate/The+Latest+Poison+Pill+In+The+Health+Care+Debate2010-03-12+16%3A21%3A28macaoidh

by C. Ward Bond
Thirty five years ago, Embree Easterly, president of Capital Bank and Trust of Baton Rouge, fought a losing battle for the preservation of banking integrity while he was the leader of the Independent Banker’s Association of Louisiana.

Filed under: Economics, The Fed, Tim Geithner | 1705No Comments »http://thehayride.com/2010/03/the-decomposition-of-banking/The+Decomposition+of+Banking2010-03-11+20%3A17%3A02macaoidh

Back in January, we posted an update on the lobbying war between FedEx and UPS over the question of regulating the former under the National Labor Relations Act as opposed to the Railway Labor Act it currently falls under. Developments this week merit a progress report on the fight.

Filed under: Congress, Economics, Unions | 1699No Comments »http://thehayride.com/2010/03/fedex-breathing-easier-in-fight-against-ups-teamsters-pelosi-maybe/FedEx+Breathing+Easier+In+Fight+Against+UPS%2C+Teamsters%2C+Pelosi+-+Maybe2010-03-11+18%3A12%3A05macaoidh

Don Briggs’ piece yesterday on the Davy Jones gas find off Louisiana’s southwest coast is certainly a hopeful one. McMoran’s discovery of between 2-6 trillion cubic feet of natural gas with one exploratory well has opened up speculation that there may be a vast trend of oil and gas running offshore from the Davy Jones [...]

Filed under: Barack Obama, Business, Economics, Economy, Energy, The Left | 16883 Comments »http://thehayride.com/2010/03/you-didnt-really-expect-obama-to-allow-offshore-drilling-did-you/You+Didn%27t+Really+Expect+Obama+To+Allow+Offshore+Drilling%2C+Did+You%3F2010-03-11+06%3A11%3A39macaoidh

This one is so off-the-wall stupid we’re struggling to believe it’s even possible. But apparently it’s legitimate – the Obama administration could be on the verge of imposing a ban of some sort on recreational fishing.
That’s correct. Fishing.

Filed under: Barack Obama, Economics, Environment, Science, The Constitution, The Left | 165520 Comments »http://thehayride.com/2010/03/is-recreational-fishing-obamas-next-targeted-villain/Is+Recreational+Fishing+Obama%27s+Next+Targeted+Villain%3F2010-03-10+04%3A45%3A53macaoidh

While the U.S. House Committee on Energy and Commerce awaits responses to letters it sent to natural gas producers as a precursor to hearings later this month on whether federal regulation is warranted on hydraulic fracturing, Louisiana’s congressional delegation and state legislators are taking a very vigorous and aggressive stance in fighting Washington’s attempts to [...]

Filed under: Business, Charlie Melancon, Congress, Economics, Economy, Energy, Environment, Haynesville Shale, John Fleming, Legislature, North Louisiana, Steve Scalise | 16335 Comments »http://thehayride.com/2010/03/scalise-fleming-la-house-to-waxman-markey-go-away-and-leave-us-alone/Scalise%2C+Fleming%2C+La.+House+To+Waxman%2C+Markey%3A+Go+Away+And+Leave+Us+Alone2010-03-09+05%3A09%3A37macaoidh

When things get overwhelming, we often seek to get back to the basics and simplify. This is a particularly good idea in the midst of the current climate change/global warming debate. For most of us, it’s been a very long time since we sat in a science class. Perhaps a refresher course [...]

Filed under: Economics, Environment | 16118 Comments »http://thehayride.com/2010/03/relax-and-take-a-deep-breath/Relax+And+Take+A+Deep+Breath2010-03-05+18%3A59%3A41dan+juneau