Wednesday, July 28, 2010

Required Rumbler Reading

This week's installment is focused on the economy.  Here we are in the "Summer of our Recovery," a stone's throw away from our "Winter of Discontent," and I thought it would be helpful to go over some of the big economic forces we are dealing with.

1. The Timeless Principles of American Prosperity:  Pete Ferrara's piece over at the American Spectator is a must read.  A simple recitation of what works to restore jobs and prosperity.  Would someone please slip a copy of this under the pillows of Msr.s Gheithner, Bernanke and Obama before we return to 1929?

2. A New War Between the States: Joel Kotkin looks at the emerging fault-lines between those states that rely on Federal largesse and those that seek greater autonomy.  This could become a very serious problem if state governments such as California and New York fail.  How will fiscally responsible states feel about their earnings going to bail out overspending and inept states?

3. How a Rich and Proud Nation Went Broke: We've written about Argentina on these pages before and in our sister blog, Red State Rumblings.  This is a chilling reminder to all of those who want to stick their heads in the sand and chant "it can't happen here."

4. Fannie and Freddie Remain Unfixed: Despite the hoopla on Capitol Hill and at 1600 PA AVE, the financial system remains in grave danger.  The two giant tapeworms that are sucking the life out of the economy, Fannie and Freddie, remain untouched.  In case you were unfamiliar with this, here's a quick read to get you up to speed.

5. Why the Greater Depression Still Lies Ahead: Keep the sharp objects away from yourself while you read this short analysis of why the worst may still be on the horizon.

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