On the Sunday talk shows, newly reelected Senator Claire McCaskill (D-MO) stated an obvious with respect to the current fiscal cliff dilemma. Now personally, part of me says let us all hold hands and jump over that cliff together. When taxes increase on everyone and spending is cut, we on the Right can then say to the 51% of Americans who reelected Barack Obama: “How | Read More »
Barack Obama and Joe “Smiley” Biden need to take a rudimentary course in economics. Sarcastic laughs and Big Bird moments aside, both seem to have a strong misunderstanding of basic economic metrics through either ignorance, or stupidity. Take, for example, a statement by Obama that should be hammered over and over by the Romney campaign: “The private sector is doing just fine.” One need only | Read More »
When looking at economic data as predictors of Presidential election outcomes, most of us tend to focus on items like inflation, unemployment rates, the “misery index,” job creation figures, or GDP growth. All of these are important items, but none really are great predictors in and of themselves. For example, there is the fact that no sitting President has won an election with unemployment above | Read More »
In a recent article for Forbes, contributor Louis Woodhill lays out a convincing argument that in a second Obama Administration, we may be on the hook for yet another auto industry bail out. The numbers do not look good for GM specifically right now and the executive rearranging of the chairs only points to some distress within that company. I will not get into the | Read More »
When looking at most of the literature regarding the effect of economic data on presidential election outcomes, most pundits point to the big three: GDP, unemployment, and gas prices. GDP is a general gauge of the overall health of the economy, unemployment and gas prices are obvious. However, several economists have found higher correlations regarding economic data like the ISM Manufacturing Index and electoral outcomes. | Read More »
For anyone who is an opponent of corporate welfare and pork, you must surely be aware that one of the most wasteful federal programs are “farm bills.” For anyone who believes in free market solutions to problems, especially as they apply to agriculture, you must surely be aware of the 1980s reforms in New Zealand. For any opponent of farm subsidies, New Zealand is the | Read More »
The question is whether to regulate or to tax. The answer from the Obama Administration is apparently both. Yesterday, as expected, the Senate failed to pass the so-called Buffett Rule. It became increasingly obvious as the debate unfolded and tough questions were asked and analysis revealed, this was nothing more than a populist election year gimmick that, in typical Obama fashion, fails to address the | Read More »
So, President Obama has decided to channel the populism of Teddy Roosevelt. The liberal media is all goo-goo over his speech in Kansas as one of the defining speeches of his Presidency. Of course, we have heard that one before several times. The fact is that this was not the defining speech of his Presidency but of his re-election campaign. No doubt we will hear | Read More »
There is the belief that the hiring of illegal immigrants depresses the wages for all Americans. Ironically, that is an argument used by such disparate interests as the US Chamber of Commerce and organized labor. Practically every study completed indicates this is not true because not too many Americans aspire to pick vegetables, be laborers or landscaper helpers. Any program that would increase competition for | Read More »
On September 8th and September 15th, my favorite liberal, Democratic moonbat, Florida Congresswoman Debbie Wasserman-Schultz, had two “Go Obama” press releases that basically said the same thing about his American Jobs Act, otherwise known as Stimulus II, or Special Interest Payoff (insert number here). Without getting into the “soak the rich” rhetoric and double counting of savings from the wind down of wars in Iraq | Read More »
![[RS]](/t/img/logo-footer.jpg){kind=logo}