Are Paul Krugman and Larry Summers channeling Asylum Watch? It is highly unlikely that either of those two would deign to read this humble blog. That’s okay because they are not the kind of company I seek anyway. In his NYT article the other day, Krugman is agreeing with something Larry Summers has been saying. […]Read more "Paul Krugman and Larry Summers and Asylum Watch"
William “Slick Willy” Clinton rode that line all the way to the White House in the 1992 elections. It reduced American politics to its most essential ingredient, the economy. It’s almost always about the economy, isn’t it? Most Americans, even the low information members of our society, have an inherent sense of foreboding when the […]Read more "It’s The Economy, Stupid!"
Well, the Obama administration is once again blowing their own horn due to another month of job growth; all be it only 162,000. Not surprisingly, those with their heads screwed on straight are not impressed. Most Americans must be getting tired of hearing these same words repeated by the President after each monthly jobs report […]Read more "Living The American Dream With A Part-Time Job? Not Likely!"
For those that are paying attention, which includes those that follow Asylum Watch, it’s not surprising that the economy and the jobs market are not doing nearly as well as the President and the MSM would like you to believe. What is worrisome, of course, is that so few people are paying attention and the […]Read more "Hourly Wages Tumble In First Quarter. Blame ObamaCare and the Fed?"
Yesterday, upon the stair, I met a man who wasn’t there He wasn’t there again today I wish, I wish he’d go away… The above is the first verse of the 1899 poem, “Antigonish“, by Hughes Mearns. Follow the link to read the complete poem and some interesting history behind it. For the last two […]Read more "Wall Street Settimg New Records. Is The Illusive Recovery Finally Here?"
There are many trends in the economy of the United States and the rest of the developed economies that are very disturbing. Yesterday we talked about the increasing number of people on food stamps and that governments are encouraging more people to participate in the food stamp program. Since the financial collapse in 2008, there […]Read more "Producers vs. Non- producers"
Nancy Pelosi recently said “It is almost a false argument to say that we have a spending problem.” She went on to say that what we have is a deficit problem. Conservatives have given Ms. Pelosi a lot of flack over her statement and maybe we have been too hard on the less than brilliant […]Read more "The State of the Union? It Sucks!"
The recession officially ended in 2009. Government reports tell us that the United States has been in recovery for four years now. The vast majority of Americans don’t feel as if they experienced any recovery. Is it because the rate of economic growth has been the slowest in US history? Shouldn’t the average American feel […]Read more "What Recovery? __ Part I, Velocity of Money"
John Stossel said pretty much the same thing …a true free market doesn’t require much. It’s not like an orchestra in need of a conductor. What it needs is property rights, so no one can take your stuff. Then people trade property to their mutual advantage. Resources move around without the need for a central, […]Read more "It’s Simple! Leave the Economy Alone!"
And when there’s no more blood, what then? Obama and the liberals love their populist meme: Tax the rich because they are not paying their fair share. Obama and at least some liberals know that is not true but they continue to beat this drum. Why? Because it’s an easy sell. When people are hurting, they want […]Read more "Tax the Rich Until They Bleed"