Has Los Angeles Fallen, or Was it Pushed?
I bet you have been recently thinking: How can we keep Los Angeles from turning into a post-apocalyptic wasteland like Detroit? The Los Angeles 2020 Commission has the answers. Well, they hedge a bit and don’t claim to have ALL the answers. Their keen analysis identified several problems in Los Angeles: Jobs Poverty Traffic Poor education Decaying infrastructure resulting from budget woes There is no | Read More »
Obama’s Advisers Clash on Unemployment Benefits
It’s never too early to critique a President’s speech, so why wait until he’s given it? President Obama’s September 7 jobs speech is certain to take a new run at the longtime favorite: extension of unemployment benefits. You’ll recall noted would-be economist Nancy Pelosi described how effectively unemployment insurance creates jobs, as did would-be economist and Press Secretary Jay Carney. It’s a wonderful thing, irony! I | Read More »
Tags: Alan Krueger
, heritage foundation
, Huffington Post
, Jay Carney
, Nancy Pelosi
, Unemployment Benefits
, Unemployment Insurance
Why Does Economic Growth Matter?
“Most recessions… are not very important events. This one, though, has taken U.S. GDP almost 10% off its long-term growth trend.” So says Robert Lucas, 1995 Nobel laureate in economics as quoted by Dan Henninger in “The Disappearing Recovery” (6/13/11 WSJ Opinion). Why is this important? Why do we care if we’re 10% below the trend? Here’s why: think back a couple decades to the | Read More »
The Nature of Liberal Argumentation
Thanks to Politizoid for pointing out on June 1 the Meghan Daum editorial offering a laughable explanation of Obama’s inarticulate stammering. Rather than an articulate defense of the inarticulate, she provided an instructive example of the nature of liberal argumentation in this post-Alinsky world. Let’s break it down. Instead of defending Obama on his merits, she offers a preposterous and flimsy alternate explanation: he’s too | Read More »