A very basic primer on deciding between Romney and Obama in November
In business there is something called “sunk costs” which refers to funds that have been spent and are unrecoverable. At any given point sunk costs are irrelevant to the decisions going forward. An example of this would be a company that has spent a billion dollars building a plant and now has to choose whether or not to spend another billion dollars hiring staff and | Read More »
If Obama can claim credit for killing bin Laden a year ago, why can’t he take credit for the economy today?
As President Obama and his administration are constantly telling us, the horrible economy is not his fault because he inherited the “Worst recession since the Great Depression”. One can certainly make that argument. You just can’t get it to stick. If you could however, what you’d basically be saying is that that 3 ½ years after taking office the President of the United States is | Read More »
The Democrat’s “middle class tax cut” is a populist red herring
From the diaries, by Erick I want to make my priorities clear from the start. One: middle class families need permanent tax relief. And two: I believe we can’t afford to borrow and spend another $700 billion on permanent tax cuts for millionaires and billionaires. That is a line from President Obama’s weekly radio address last week. He’s referring to the coming tax hikes as | Read More »