Red Tory v.3.0.3: Mitt’s SOTU Rebuttal

Inveterate flip-flopper and political windsock Mitt Romney criticizes Obama for his “extraordinary… detachment from reality” in terms of his words and actions; all the while being completely oblivious to his own extraordinary detachment – from irony! Romney is now claiming to be “someone who says what he means and means what he says”… this coming ...

Politics and Entertainment: descending down the pot-holed road of recession towards the sink hole of depression

These remarks of Paul Krugman could easily apply to Canada, for it is essentially homeowners with their massively extended debt load who have bumped our debt to GDP ratio up to 203%, and we too require expansionary fiscal and monetary policies to support the Canadian economy.  We won’t be getting them from Flaherty or Carney, ...

Red Tory v.3.0.3: Congress in Action!

While the U.S. economy is verging on the brink of another recession, unemployment is mired at 9% (the actual rate being much higher), multiple wars are still being waged around the world costing billions of dollars per day, and with a national debt of $14 trillion looming ever more forebodingly over global bond markets, what’s ...

Politics and Entertainment: Krugman and Summers: A Reading of the Munk Debate

What happens to the U.S. economy, as we all know, will affect Canada profoundly – which is no doubt why this Munk debate garnered so much attention here. The debate is repeated several times on BNN. Krugman has the edge for me since he has always recognized that all economic theory is grounded in the ...

Red Tory v.3.0.3: Going Rogue?

Matt Taibbi talks to David Shushter about the latest banking scandal. Swiss financial services company UBS has admitted that a “rogue” trader has run up a loss of $2 billion dollars in unauthorized risky trades. The 31 year old trader Kweku Adoboli who worked in the bank’s London exchange as director of the now ironically ...

Red Tory v.3.0.3: The Terror Industrial Complex

Great story from CBC’s The National about the insane amount of money that has been spent post-9/11 on the secretive intelligence and policing apparatus to make America safe from demented cave-dwellers in Afghanistan, inept lunatics with explosive underwear, and suchlike “threats” to the so-called Homeland. More on the WP’s investigation “Top Secret America” here and ...

Red Tory v.3.0.3: Lifestyles of the “Job Creators”

Donald Trump has a winsome spokesmodel show off all the creature comforts of his luxurious new jet… Isn’t it nice to know that the U.S. Department of Transportation uses taxpayer money to provide interest-free loans for the purchase of corporate jets? Even better, the draconian tax code right-wingers are forever decrying, allows Trump to write ...

Red Tory v.3.0.3: Fox & Fiends

Generally reviled former Vice-President Dick Cheney hit the “curvy couch” of Fox’s most unctuous right-wing sycophants this morning to promote his new book, In My Imagination… Unsurprisingly, Cheney believes it imperative for the U.S. government to continue wasting a TRILLION dollars per year on the military, preferring instead to tackle the country’s troubling deficit problems ...

Red Tory v.3.0.3: God’s Stimulus?

Contrary to Michele Bachmman’s belief that last week’s “Hurriquake” was a sign from God to curb federal government spending, it would seem that tens of billions of dollars will now be required to fix the widespread damage to infrastructure along the eastern seaboard caused by storm surges and flooding. Who knows, perhaps this is the ...

Red Tory v.3.0.3: Democracy in America

Another day, another nadir of utter stupidity… “This is what democracy looks like,” the dancing assclowns shouted in defense of their right to behave like jackals at public memorial sites. Meanwhile, their country is in a total shambles… $15 trillion in debt, 3 “official” wars (several other undeclared ones) are ongoing, 14 million are unemployed, ...

Red Tory v.3.0.3: Failing U.S. Economy Explained

Of course! It’s all so obvious now.