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US Economy

The Problem with Liberal Economists

The Problem with Liberal Economists

May 24, 2012 at 4:11 pm 0 comments

Today’s Wall Street Op-ed from noted MIT and Nobel laureate Peter Diamond and UC Berkeley economics professor Emmanuel Saez, sums up nicely what is wrong with liberal economics. OK, it’s a long-ish article on marginal tax rates so it doesn’t nicely sum up anything. Instead it smacks you over the [...]

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Obama Regarding the Economy: Nothing to See Here Folks

Obama Regarding the Economy: Nothing to See Here Folks

February 23, 2012 at 3:36 pm 0 comments

If you were a president who for three years presided over an economy with more than 13 million unemployed, a growth rate gasping around 2%, an historic credit downgrade and underwater home mortgages drifting like icebergs toward the American Titanic, what would you do? You’d do what Barack Obama’s done: [...]

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Know the Numbers, Know the Man. How Obama’s Budget Shows His True Priorities

Know the Numbers, Know the Man. How Obama’s Budget Shows His True Priorities

February 21, 2012 at 6:03 pm 0 comments

President Obama’s budget for 2013 is pure Obama. How do we know? Paul Ryan, the House Budget Committee chairman, was once asked how to become a budget expert. “You have to read the budget,” he said. To know Obama, it’s similar. You have to read the speeches and look over [...]

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A Smiley Faced Tyranny

February 21, 2012 at 5:51 pm 0 comments

Many Republican House members, and the bloggers and tea partiers who cheered their victory in gaining a majority in November 2010, seem to be seething with discontent and eager for confrontation. They believe, reasonably, that their victory represented a repudiation of the vast expansion of government by the Obama Democrats. They want [...]

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Democrats Eat Their Own: How Ron Wyden is Getting the Lieberman Treatment

February 17, 2012 at 12:02 am 0 comments

Mitt Romney has had a tough week, Newt Gingrich a tough month, Barack Obama a tough three years. But hey, they could be Ron Wyden. Ticked off by Washington’s failure to tackle big problems? Spare a moment for Oregon’s senior senator. Mr. Wyden is the Democrat who in December had [...]

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Federal Regulations: Stifling the U.S. Economy & a Massive Hidden Tax

February 16, 2012 at 11:59 pm 0 comments

AMERICANS love to laugh at ridiculous regulations. A Florida law requires vending-machine labels to urge the public to file a report if the label is not there. The Federal Railroad Administration insists that all trains must be painted with an “F” at the front, so you can tell which end [...]

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Real Unemployment is at 15% According to CBO

February 16, 2012 at 11:56 pm 0 comments

“The rate of unemployment in the United States has exceeded 8 percent since February 2009, making the past three years the longest stretch of high unemployment in this country since the Great Depression. Moreover, the Congressional Budget Office (CBO) projects that the unemployment rate will remain above 8 percent until [...]

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U.S. to Hit Debit Ceiling Again by Election

February 16, 2012 at 11:54 pm 0 comments

The United States Department of Treasury will reach the the statutory limit it is allowed to borrow money before election day, according to a new study by Sen. Rob Portman, R-Ohio., former director of the U.S. Office of Management and Budget. “Following the contentious debt ceiling last August, President Obama promised [...]

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A Do-Nothing Congress? More Like a Do-Nothing, Democratic Controlled Senate

February 14, 2012 at 12:09 pm 0 comments

Back in the dog days of George W. Bush’s second term, when each month seemed to bring new lows for the president’s approval ratings, there was almost always this consolation: The surveys would show that Congress was even less popular than he was. In general, that’s going to be the [...]

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Obama’s Magical Mystery Budget

February 14, 2012 at 11:47 am 1 comment

Federal budgets are by definition political documents, but even by that standard yesterday’s White House proposal for fiscal year 2013 is a brilliant bit of misdirection. With the abracadabra of a tax increase on the wealthy and defense spending cuts that will never materialize, the White House asserts that in [...]

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