-By Warner Todd Huston
CNNs Fareed Zakaria and The New York Times’ Paul Krugman have solved our economic problems. They’ve decided that a space alien attack will save us. Aside from the guffaw factor of space aliens, there was so much wrong with this CNN segment that we must lay them out for discussion.
First on the clip is some pinhead from Harvard claiming that “infrastructure spending, that’s great.” He says he’d even borrow money for such programs. This guy thinks that if we had another giant stimulus (like a WWII Works program), why we’d be doing just “great.”
He is, of course, a Keynesian fool. Stimulus does not work. Stimulus has never worked. Further, “stimulus” itself is a misnomer. Take Illinois, for instance. It got millions upon millions of dollars in so-called stimulus money from Obama. Do you know what Illinois did with that money? It paid existing debt, it paid current bills. It “stimulated” nothing with all those millions. This happened all across the country in every state. The “stimulus” did not stimulate anything but instead went to pay exiting bills and created nothing new, supported no new projects. It was a sham.
Amusingly, this guy tried to qualify his support of infrastructure spending saying “as long as it isn’t Big Dig” sort of over spending. The “Big Dig” is a reference to the underground Central Artery/Tunnel Project undertaken by the Boston Metro Highway System that is famous for being a total boondoggle that has gone billions over budget, not to mention having so many structural and engineering failures that the whole thing is a death trap waiting to happen.
Problem is, every state project becomes a version of the Big Dig at some level. At the very least they always, always, always go over budget, at worst they become a pit of political failure and corruption. So, while this Harvard pinhead tried to qualify his position, he did so on a bed of quicksand.
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CNN/Krugman: A Space Alien Attack Will Save Us (Disses FDR, Wants a Fake War?)”
In Pennsylvania union thuggery, violations of the law, and criminality is abundant in the strike by the Communications Workers of America against Verizon. It’s expected that unionistas don’t respect businesses, of course, but not to respect the safety of children? That’s beyond the pale.
I usually live Tweet many events like this at my Twitter account: 
Oh, the union thugs in Wisconsin will certainly try to act as if winning a mere two of the six recall elections of the Republican State Senators in the Cheese State was a big win… but it wasn’t. In fact, this recall nonsense shows that the union issues were a huge failure. After all, they even shied from using the union issues to push the recall efforts after they got going because they were looking like a losing issue.
We were told that the country was about to collapse like the Weimar Republic or the Soviet Union, even, if Washington didn’t get that darn debt ceiling hike done. Yet, even as President Obama was signing the very bill that was supposed to save our faltering economy, 
Since Obama began his run for the White House he has been Big Labor’s best friend. And they loved him for it, too. As Obama ran and as soon as he got into office the unions had stars in their eyes. They thought that with a bought and paid for president in their hip pocket, every long dreamed of union wish was about to be fulfilled.
The Obama administration has been touting new Corporate Average Fuel Economy (CAFE) standards to be imposed on America’s automobile manufacturers saying that it will save all Americans money at the pumps. Unfortunately, there are all sorts of hidden costs of which the administration isn’t noting, costs that will drive up the price of driving in multiple ways for all of us.
William J. Kelly of Chicago organized an event at a business across the street and about a block down from the venue where President Obama held his birthday bash/fundraiser. Naturally Chicago’s anti-Tea Party set were furious at the business and used threats and intimidation to stop Kelly’s event.
In his Wednesday presser on the state of the economy President Obama several times attacked those evil rich folks flying about in corporate jets saying that the filthy rich could “afford” higher taxes. But while he spent so much time slamming corporate jets today, back in 2009 the president was pushing a stimulus bill that included tax breaks to corporate jets.