When was the following memo written? Sharp change in present economic policy is an absolute necessity. The problems of inflation and slow growth, of falling standards of living and declining productivity, of high government spending but an inadequate flow of funds for defense, of an almost endless litany of economic ills, large and small,...
Each of us must decide what is most important. Each of us must either prepare for the coming contraction or hit the wall like a crash dummy.
California used to be a great state. Now it seems that it’s a place that exists to export taxpayers and bad ideas. The latest is the plastic (and recyclable) grocery bag ban that the Los Angeles city council passed. These people are nuts. This move will cost jobs, but it won’t do anything for the environment....
President Obama and the Democrats (well, some Democrats, anyway) have been on a tear lately, slamming Mitt Romney’s private equity record at Bain Capital. I heard that Bain’s success rate is somewhere around 80%. That’s pretty good considering that many of the businesses the firm rescued were headed towards bankruptcy. In Romney’s business, private...
Yesterday President Obama flat out lied about his spending. “Since I’ve been president, federal spending has risen at the lowest pace in nearly 60 years,” Obama saidat a campaign event in Denver, Colorado. “Yes, we’re going to streamline government,” Obama said. “There’s more waste to be cut.” Obviously he was referring to the discredited article...
The initial jobless claims number last week was reported on Thursday to be 370,000. Then when nobody was paying attention the number was revised up to 372,000. This week they’re reporting 370,000, so they can say jobless claims fell. In the next few days, they’ll probably add another few thousand to this week’s numbers,...
Via Bankrupting America, here is the story of Rob Latham, the owner of the List Company. He was almost put out of business by the EPA over some labels on one of the company’s products that the EPA deemed didn’t meet “non-removable” standards. He spent a great deal of money trying to work things...
The next president is going to have one big mess on his hands, thanks to President Obama and the Democrats. We always hear them complaining about the mess they inherited (which they helped create when they controlled both houses of Congress) but they don’t talk about what they’re leaving for the next to deal...
President Obama’s anti-coal policies are about to hit millions of Americans in the wallet. Get ready for the great, big Obama-bump in your electric bill. Last week the U.S. Energy Information Administration reported a shocking drop in power sector coal consumption in the first quarter of 2012. Coal-fired power plants are now generating just...
Crossroads GPS released a new ad that will be airing in swing states over the next few weeks. Titled “Basketball” it depicts a family in which the children have had to move back home after college because they can’t find jobs. This is happening all over the United States, while the President rambles on...
President Obama is going out of his way to avoid running on his economic record. Who can blame him? It stinks. But there’s one upside – eased traffic congestion. On the other hand, if he had his way highway construction projects would never end, and traffic would never improve. Traffic congestion dropped 30% last...
Reuters reported today that the US government has been giving the communist Chinese government direct access to the purchase of US Treasuries. The report indicates that the Chinese government has been granted this privilege for nearly a year, but the news has been kept under wraps until now. Usually, the central banks of other...
I think it was Michael Barone who came up with the term “Gangster Government” to describe the Obama administration. Well, here’s another example. According to the Washington Free Beacon, administration officials pressured government contractors into underestimating the number of coal industry jobs that would be lost due to new EPA regulations. The message was...
Despite all of the hype surrounding Facebook’s IPO, the stock is down about 13% this morning. I don’t think they can blame this on Nasdaq. Facebook Inc. shares plunged on their second day on the stock market, a black eye for all those involved with the social networking company going public. Facebook shares traded...
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