Archive for May, 2011

House Prices: Still Too High

Tuesday, May 31st, 2011

House prices have been falling for several months, but overall prices remain at least 10% above their long-term average.

Until the bottom is hit (and perhaps overshot), there’s little prospect for anything other than years of anemic US economic performance.

There’s very little private sector demand, and our leaders in DC are wasting all their time on deficit reduction at a time when we should be borrowing and spending much, much more to tackle unemployment.

Gorilla says: “Our country’s house is still on the skids!”

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The African Union Fails Again

Tuesday, May 31st, 2011

This time, it’s about trying to convince Gaddafi to go, and will be no more successful than trying to convince Gbagbo to go.

A better approach would be for the AU to convince the West that bombs away won’t work in Libya, but that horse has left the barn.

What’s needed are leaders who don’t cling on to power and/or line their pockets. That’s been Africa’s tragedy for the past 50 years.

Gorilla says: “America’s tragedy for the past 50 years has been the same unwillingness to confront our own corrupt, clinging leaders!”

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What’s A Warrior Scholar?

Tuesday, May 31st, 2011

Someone who’s intimately involved in losing 3 pointless wars, none of which so far has caused anyone in authority to learn anything, and of course that means promotion!

Gorilla says: “When there’s no accountability, there’s no accounting for taste!”

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2013’s Conventional Wisdom

Monday, May 30th, 2011

“Obama proved unemployment doesn’t matter!”

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On Memorial Day

Monday, May 30th, 2011

Gorilla honors America by remembering:

Those who died in service to our country.

Those who died as a result of our country’s many pointless wars.

Those who are to come, who might learn something that we have yet to learn.

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Today In Fantasyland

Monday, May 30th, 2011

A second bailout of Northern European bankers appears to be on the cards…

And Greek conservatives, who presided over the sovereign debt mess and then covered it up, are as crazy as American conservatives: give us tax cuts and pile up more debt or we won’t go along!!!

Oh, and it looks likely that Northern European bankers will also need more money from Ireland, not to mention Portugal, Spain, Italy, and possibly France!!!

The level of denial, cowardice, and lying in Euroland is breathtaking. Very reminiscent of the current US non-approach to unemployment…

Gorilla says: “When you aren’t being honest with your own people, you can’t expect them to be happy about the disaster you’re giving them!”

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Shorter Hillary In Pakistan

Friday, May 27th, 2011

“Our relationship is characterized by complete distrust and these are our allies”.

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Better To Just Leave

Friday, May 27th, 2011

The Northern European Bank Protection talks continue in Athens…

And the Greeks really have only one choice: to leave Euroland, default on their debts, devalue their currency, and create the prospect of some future for the country.

Gorilla says: “Why keep bailing out the Germans and the ECB? They’ve done nothing but extend and pretend their own idiotic loans!”

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Good News

Thursday, May 26th, 2011

Mladic is captured at last!

Should not have taken 15 years, but the Serbians weren’t able to overcome their noxious nationalism.

And that nationalism has not gone away, but hopefully the chance to be admitted into Euroland will make the country more civilized.

Gorilla says: “The horrors go on, but justice is sometimes possible!”

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A Clown’s Clown

Thursday, May 26th, 2011

Rob Portman, who along with Mitch Daniels presided over the largest deficit increase in American history, while simultaneously orchestrating the worst economic performance since the Depression, is now the “go to guy” on economic policy for Know Nothing presidential hopefuls.

No, that’s not a joke, they really think this clown is an expert!

Gorilla says: “When one political party no longer makes any sense, send in the clowns is no longer just a show tune!”

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