Category Archives: Economics

Obama’s budget bright side

Obama's new budget is meh. It stupidly cuts some programs that help the neediest among us in yet another boneheaded attempt to please conservatives. But at least it doesn’t touch the biggies like Medicare, Medicaid or Social Security, which would be fine if we weren’t dedicated to giving millionaires gigantic tax cuts. In any case, […]

When big businesses run the government

It’s tough to have fair laws: ‘It makes no sense and it has to change,’ Mr. Obama said in his State of the Union address. ‘Get rid of the loopholes. Level the playing field. And use the savings to lower the corporate tax rate for the first time in 25 years — without adding to […]

Counterproductive

Obama will freeze federal worker pay for two years as a “a symbolic gesture toward public anger over unemployment, the anemic economic recovery and rising national debt.” Too bad taking more money out of the economy will hurt the recovery, depress the job market and stunt the kind of growth that would solve our debt […]

You must sacrifice for your betters

Last week the war to cripple Social Security began in earnest. The initial attacks are working in concert. First up, billionaire Wall Street banker and Nixon appointee Pete Peterson riles up fear over government debt with a gigantic new ad campaign: Then, miraculously, the White House has a solution for your fears! Behold the recommendations of […]

Big money before good politics

Democrats are in a tight spot. The mid-term elections next month could cost them control of the House of Representatives. Why? The economy is in shambles and the electorate is ready to kick the bums out, even if it’s not the bums’ fault the mortgage bubble burst. Someone has to pay, right? But it didn’t have […]

That sound you hear…

… is the Democrat’s electoral fortunes rushing down the drain: Over all, the nation lost 54,000 jobs in August, the agency said, as state and local governments, many of them grappling with severe budget deficits, cut 1o,000 jobs last month. Another 114,000 temporary Census positions also came to an end. In all, governments cut 121,000 […]

Should we all own homes?

After the housing bubble burst and we were plunged into recession, the federal government jumped in to immediately re-inflate the bubble. There is plenty of reason to think this was a necessary move. Too much of our economy was tied up in developing residential real estate to switch so suddenly. But at this point we […]

Classless society

Yeah right: “I’m not a class-warfare guy. That’s the Democrats’ gig. They like to divide and play the class card. We don’t have classes in America — I don’t even like the term ‘middle class.’ People are lower income or middle income, and the dynamism of this country is that you can rise, and sometimes […]

Where’s all the money?

Not in your pocket: […] the globalism and “free trade” that our politicians and business leaders insisted would be so good for us have had some rather nasty side effects. It turns out that they didn’t tell us that the “global economy” would mean that middle class American workers would eventually have to directly compete […]

Our zombie economy and the death of Social Security

The United States is currently drowning under the weight of 9.3% unemployment. Millions who could work are out of work, and there are many more underemployed – stuck in jobs they are overqualified for – and earning far less than they should. With people unemployed or earning less, demand for goods and services is naturally […]