California: “If you don’t help me I am going to shoot myself.” The Federal Government: “First shoot yourself and then we will help you.”

So are they still more profitable then people who pay there bills every month?

What’s the game?

13 Trillion and where it went.

Industrial production still hitting record lows.

Macro Man has some interesting facts on China’s buying spree. Note that even though China’s oil supplies are only back to trend they are probably still stocking up. Judging by their electrical consumption, their use of oil should be way down instead of an ever upwards trend line.

Update on California’s problems. More from Calculated Risk.

Good food is very important. But 3 cooks who each make a $160,000 a year seems a little excessive for one submarine. Reading between the lines, the sub was poorly designed and they are trying to fix that by throwing money at the problem.

It is something of a surprise to see Robert Reich coming out against the bail out of General Motors. But he makes a fair case that bailing out General Motors does not advance liberal ideals, much less conservative ones.

Where is Andrew Jackson when you need him? He would have said “The Court has made it’s decision, now let them carry it out”

So torture is all right as long as you have a court warrant? It seems to me that if this was done to extract a confession everyone on the left would be screaming bloody murder.

If this goes through, it might help New York pension’s problems. But one has to note that the only way problems can be addressed in this country is by making future generations pay. Never are the people who caused the problem called upon to make sacrifices.