Auto Bailouts and the Lessons of Poletown
I had the opportunity to screen a portion of my film, Bankrupt: How Cronyism & Corruption Brought Down Detroit, for a group of about 60 people earlier this week and the experience was thrilling. Not just because it was live audience but because it was a live audience that brought some genuine opposition to the premise of the film, which never fails to be interesting | Read More »
Memo To The Nation Magazine: The Government Does Not Owe You Employment.
10 For even when we were with you, we commanded you this: If anyone will not work, neither shall he eat. 2 Thessalonians 3:10 I read something really hilarious. It almost convinced me that all the really good comedians were leftists. “…the US government can easily afford a Job guarantee (JG) program, becoming our employer of last resort.” Says The Nation Magazine. Man, those writers | Read More »
Read the following three articles and you will quickly realize what it means to live in Obama’s America – one of permanent stagnation and socialism. U.S. Regulatory Costs Are World’s No. 10 Economy [IBD] After years of rapid growth during the Obama administration, the cost of federal regulations is now bigger than the entire economies of all but nine countries in the world. That’s according | Read More »
Are We Headed for Another Recession?
On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the March jobs report, our stagnant employment picture and if a recession is just around the corner.
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Perpetuating Unemployment and Phony Spending Offsets
**Update: The following senators voted for cloture to open debate on the extension of unemployment benefits with the ridiculous offset provision: Ayotte, Coats, Collins, Corker, Heller, Johnson, Kirk, Murkowski, Portman, and Toomey.** What happens when instead of fighting the premise of creating a permanent unemployment entitlement, many Republicans focus on offsetting the cost of the extension? We get the extension without any offsets! Tomorrow, Senator | Read More »
The Downton Abbey Democrats And The New American Class War
Sing ye the noble praises of sustainability, equality and diversity! They are wonderful Post-Modern virtues that wealthy, upscale, SWPL liberals inflict on anyone other than themselves. When we speak of sustainability, we take things away from people. Al Gore’s private jets and heated swimming pools get sustained. Your heating bills go through the roof. When we speak of equality, we cancel the honors classes in | Read More »
Obamanomics: High Taxation/Regulation+Subsidization = Long-Term Unemployment + Dependency
Next week, Senate Democrats will restart their effort to create a de facto permanent unemployment entitlement for those out of work for up to 73 weeks. Unfortunately, instead of uprooting the entire premise of the Unemployment Insurance (UI) extension, many Senate Republicans are prepared to go along with this scheme as long as the 5 month cost is offset through some notional promises of more | Read More »
The Farm Bill’s Harvest: Bigger, Costlier Government
Earlier this year, we were entreated to a vivid example of how neither party is committed to shrinking the federal government and bolstering private enterprise when they passed a five-year Farm/Food Stamp bill. CBO pegged the 10-year cost of the bill at $965 billion, up from $604 billion in 2008. Yet, the politicians sold it as an $8 billion cut because it fell short of | Read More »
A Conservative View of Dave Camp’s Tax Reform Bill
Yesterday, Congressman Dave Camp (R-MI), the House Ways Committee Chairman, released his draft proposal for comprehensive tax reform. The mere proposition of positive tax reform is a welcome development. Even though we clearly lack the votes to enact any tax reform until at least 2017, it is still important to stand on bold colors and offer an alternative vision to the current socialist path from | Read More »
Barack Obama, Karl Popper, John Maynard Keynes And The Non-Falsifiable Recovery.
“In so far as a scientific statement speaks about reality, it must be falsifiable; and in so far as it is not falsifiable, it does not speak about reality.” Karl Popper According to Whitehouse.gov, happy days are here again, and Barack Obama is pretty much The Fonz! You see, The Executive Office of The President’s Council of Economic Advisors has released a report entitled “THE | Read More »
Tags: and Money
, Barack Obama
, Garo Yepremian
, John Meynard Keynes
, Karl Popper
, Keynesian economics
, Keynesian Hallelujah Chorus
, Saint Barack The Stimulator
, The Euthanasia of The Rentier
, The General Theory of Employment
Stimulating the Leviathan State
So here we are, five years into Obama’s trillion-dollar “stimulus” program, and the only thing that got “stimulated” was the Leviathan State. I mean that fairly literally, since as Michelle Malkin reminds us, a good 75 percent of the “shovel-ready” jobs created by stimulus spending were government jobs: In 2012, Ohio State University economics professor Bill Dupor reported that more than three-quarters of the jobs created or | Read More »
Obamacare Demonstrates Why Socialists Need Both Hammer and Sickle
So President Obama has issued executive orders that directly contradict passed legislation bearing his signature. Firms employing 50-99 workers are now exempt from the penalty fines for not insuring all of their full time staff under the “Affordable” Care Act. This was as deeply generous and caring as it was constitutionally legal. But, as President Obama explains. “The great thing about being President is that I can do anything I want.”*
Firms that are larger than 99 employees aren’t President. They encounter the following restrictions to their corporate free will.
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The One Year Obamacare Waivers Are A Trap!
We now have a President who is issuing executive orders that directly contradict passed legislation. A large number of people are relieved. They are small business people who have been granted two consecutive stays of the Obamacare provisions effecting business operations that employ between 50 and 99 workers. To wit, the president has suspended by fiat the legal requirement that every small business enroll every full-time employee in an Obamacare approved plan or pay $2,000 per un-enrolled employee. The Wall Street Journal describes this order below.
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The Economist Who Predicted Obamacare’s Hit to Jobs
On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss Janet Yellen’s first trip to Capitol Hill as head of the Fed, the economist who predicted CBO’s Obamacare job loss numbers and if we are doomed to become Europe.
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Obamacare And The Freedom To Do Nothing
There’s an irony in the GOP complaining that ACA lets people quit jobs. I mean, what’s wrong with freedom?
– (HT: The Huffington Post)*
So what is wrong with freedom? I’m not sure. There hasn’t been too much of it running around loose lately. Most people who think otherwise haven’t gone through DCA around 1PM any time in the last 12 years. I kid. It’s a quote from the Huffpo. I had a hard time taking that rhetorical question above any more seriously than I’d take an old Andy Kaufman routine. The important question to ask would be this: “What in the name of Glorious and Sacred Obamacare has brought forth such a bilious wellspring of Progressive brain waste?”
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