Opinions on the Economy

Embarrassment of riches

Friday, Aug, 13 at 6:20 am,

8.13.10 – It was somewhere between the $7 million yacht belonging to John Kerry and the lavish wedding of Chelsea Clinton that I began to feel queasy. Or maybe it was reports of Tom and Gisele’s $20 million “dream home’’ in California, with its six-car garage and a covered bridge connecting two parts of the house — which seems like a shack …

Economic Statistics That Just Keep Getting Worse

Friday, Aug, 13 at 5:00 am,

8.13.10 – A little over a week ago, U.S. Treasury Secretary Timothy Geithner penned an article for the New York Times entitled “Welcome To The Recovery” in which he touted the great strides that the U.S. economy was making. But with unemployment still dangerously high and with foreclosures and personal bankruptcies continuing to set all-time records, should we really be talking about a “recovery”?

A Failure of Modesty

Thursday, Aug, 12 at 9:02 am,

8.12.10 – Michael Barone – It’s the summer of unrecovery. How did so many smart people got so much so wrong? The fact that the private-sector economy has not responded as administration economists expected shows the limits of expert knowledge.

This Recession Is Not Like the Others

Thursday, Aug, 12 at 6:51 am,

8.12.10 – Ron Ross – As they used to say on Sesame Street, "One of these things is not like the others, one of these things is not the same." The current recession "is not like the others." At 33 months it is already more than three times longer than the average length of the other ten recessions we've had since WWII.

Obama's state capitalism: A failure of modesty

Wednesday, Aug, 11 at 6:58 am,

8.11.10 – “The pace of economic recovery is likely to be more modest in the near term than had been anticipated.” Those were the carefully chosen words of the Federal Reserve Board after its meeting Tuesday. Translation into English: We wuz wrong.

WHY WE NEED TO LET STATES GO BROKE

Tuesday, Aug, 10 at 7:08 pm,

8.10-10 – Federal Band-Aids won't cover the fiscal problems of such states as New York, California, Michigan and Connecticut forever. State bankruptcy and fundamental restructuring of state and local finance — and labor relations — is at hand.

Obama Is Driving Our Country Over a Cliff

Tuesday, Aug, 10 at 7:15 am,

8.10.10 – Henry Burke and Donna Garner – Obama continues to blame America’s financial troubles on President George W. Bush. Obama recently declared that Bush drove our country into a ditch (the current recession). After 18 months in office, a better metaphor is that “Obama Is Driving Our Country Over a Cliff”! How can we say that? This paper will explain.

The Propaganda Of Incompetents

Saturday, Aug, 07 at 6:41 am,

8.7.10 – As the "recovery summer" turns into a nightmare, one thing has become painfully clear: This is the most economically incompetent administration since the Great Depression.

Private Enterprise Does It Better

Wednesday, Aug, 04 at 3:12 pm,

8.4.10 – John Stossel – In "Myths, Lies and Downright Stupidity," I bet my readers $1,000 that they couldn't name one thing that government does better than the private sector. I am yet to pay. Free enterprise does everything better.

Give Capitalism a Chance

Wednesday, Aug, 04 at 3:03 pm,

8.4.10 – It is a common assumption in today's world that capitalism is, at best, out of control and, at worst, outright evil. Everyone knows that it causes most of our financial, economic, and social problems, and that we need a referee — the government — to make sure that all is fair and that we innocent citizens are not taken advantage of by predatory companies and capitalists.

An Open Letter to SEIU President Mary Kay Henry

Wednesday, Aug, 04 at 10:57 am,

8.4.10 – Tactics that are intended not to persuade or inform, but to intimidate and deny workers' right to free speech in public space, have no place in any union election campaign.

The Soak-the-Rich Catch-22

Monday, Aug, 02 at 6:48 am,

8.2.10 – Tax reduction thus sets off a process that can bring gains for everyone, gains won by marshalling resources that would otherwise stand idle—workers without jobs and farm and factory capacity without markets. Yet many taxpayers seemed prepared to deny the nation the fruits of tax reduction because they question

The US Government Is Broke

Sunday, Aug, 01 at 5:32 pm,

8.1.10 – The White House is screaming like a stuck pig. WikiLeaks’ release of the Afghan War Documents “puts the lives of our soldiers and our coalition partners at risk.”What nonsense. Obama’s war puts the lives of American soldiers at risk, and the craven puppet state behavior of “our partners” in serving as US mercenaries is what puts their troops at risk.

"WE THE PEOPLE" SO WHAT?

Sunday, Aug, 01 at 5:30 pm,

8.1.10 – I have just returned from a 2700 mile, ten day speaking tour in the mid-west. The mood of the country is far worse than you have heard. The level of anxiety about the direction and agenda of the federal government and the abject level of crises that most of the states are in is beyond comprehension.

'Public sector prospering on back of private sector'

Saturday, Jul, 31 at 6:58 am,

7.31.10 – America’s recession is exposing societal fault lines, as various groups fight over increasingly smaller pieces of the pie. Tensions are particularly flaring between government workers and employees of private businesses.

Calling All Patriot Business Owners

Friday, Jul, 30 at 11:22 pm,

7.31.10 – Chuck Baldwin – Faithful readers of this column are very familiar with my call to locate a modern-day "Black Regiment." The Black Regiment was a moniker affixed to those patriot preachers of colonial America who thundered forth the message of liberty and freedom, and without whose leadership our War for Independence would never have been waged–or won. One can see our Black Regiment web page.

Hapless SEC can now hide its secrets

Friday, Jul, 30 at 6:07 am,

"No one will know until this is actually in place how it works," said Sen. Chris Dodd, D-Conn., of the Senate's slapdash financial reform bill. He ought to know: He co-sponsored the bill along with…

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