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posted by Gunpowder Chronicle on Saturday, July 5 2008 @ 4:36 PM
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So the word on FoxNews today was that General Motors -- the largest automobile and truck manufacturer in the United States -- may have to declare bankruptcy, and the other two parts of the Three Stooges may not be far behind.

I say Let Them Die.

This article tagged under: Economics

posted by Gunpowder Chronicle on Wednesday, June 25 2008 @ 12:10 AM
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The concept of leverage is interesting.  In physics, we use levers and fulcrums to increase lifting power.  In relationships, we use (unfortunately) leverage to get what we want.  In politics, we use leverage to manipulate the levers of power.


posted by Gunpowder Chronicle on Sunday, June 22 2008 @ 11:08 AM
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An article in today's Calvert Street Communist Party Newsletter sheds some serious light on the trend toward the "straight vegetable oil" fuel options.  It turns out that using vegetable oil in your diesel engine is illegal on both the State and Federal levels.


posted by Gunpowder Chronicle on Tuesday, June 17 2008 @ 9:06 PM
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As Brian Griffiths has already noted over at Red Maryland, O'Guvnah has pledged to spend $1.1 billion of your hard-earned money on new biotechnology research initiatives in order to make the state of Maryland a "hub" for this kind of work.

But what Brian doesn't get into, is why are we spending even more money when we already have a large and established set of incubators at Maryland's premier research institution -- the University of Maryland, Baltimore?


posted by Gunpowder Chronicle on Saturday, June 14 2008 @ 8:34 PM
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The Red Line is a walking, talking "charlie fox".  The long hoped-for, long-awaited, long-dreamed-for transportation line to link the west side and easte side of the cities is too expensive, according to this article in the Calvert Street Communist Party Newsletter.


posted by Gunpowder Chronicle on Saturday, June 14 2008 @ 8:29 PM
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Barack Obama has promised "change".  I am all for change.  But not his version.  Especially when it comes to his proposal on the Social Security Tax.


posted by Gunpowder Chronicle on Saturday, June 7 2008 @ 12:12 AM
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The best news out of the collapse of Warner-Lieberman this week in the US Senate is that we will still have a railroad industry.  The impact on railroads was largely overlooked in the debate, but the fact is that if Warner-Lieberman had passed, three of the nation's four largest railroads would have collapsed.

And that would have been bad, very bad.

This article tagged under: Economics, National Politics

posted by Gunpowder Chronicle on Friday, June 6 2008 @ 11:35 PM
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With oil jumping $11 in one day to close just above $138.40 a barrel, Americans are wondering "What the hell?" as gasoline surges well beyond the cost of a gallon of milk.  I have long believed that the cost of a gallon of milk was the bellweather for when gas would reach an unnacceptable price.

But what do we do about it?

This article tagged under: Economics, National Politics

posted by Gunpowder Chronicle on Saturday, May 24 2008 @ 4:18 PM
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If you think gas prices are too high, then you better not drink Starbuck's Coffee or any Anheuser Bush Beer.

Starbucks Venti:  $23/gallon.

Budweiser:  $11/gallon.

Just something to think about when you are downing your favorite liquid.

This article tagged under: Economics, National Politics

posted by Gunpowder Chronicle on Saturday, May 24 2008 @ 2:31 PM
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Thank God for incompetency.  Our incompetent Congress -- and I mean the entire bicameral body, regardless of party affiliation -- can't even pass a law and present it to the President according to the simple and clear edicts of the United States Consitution.

Remember that massive Farm Bill that was a complete and total charlie fox of bad farm economics which I blogged about here?  Well, it turns out that the bill the President vetoed the other day -- the bill Congress presented to him for signature -- was NOT the same bill that was voted on in session.

That means that Congress has to resubmit the correct bill, and vote on it again, and resubmit it to the president.

Way to go, guys!  This is the very reason I do not trust government to solve problems.  They cannot even perform their basic duties properly.

Robert Alt has more on the consitutional implications here.


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