Simple Economics and Obama’s Promises
Hey all, Make the economy simple, just 100 people out of $100.00. Now it looks like this: 1 person pays $39.00 by himself. 49 people pay $58.00 among them. 5 people pay $3.00 among them. 45 people pay nothing at all. TOTALS 100 people pay $100.00 Obama says he will raise the rich tax from 15% to 28%.He says he will give the 45 paying | Read More »
Economic Terrorism: Fact or Fiction?
This past weekend, Gov. Mike Huckabee used the term “economic terrorism” on his show Huckabee. But what exactly does this mean? Huck posits that it is possible for economic crises, like the current one, to be caused by a group set out to upset the economy via pulling money in and out fats and disrupting the normal function of the market. He cites the increased | Read More »
WSJ News Alert! Dumbbell Nobel Prize: Paul Krugman for Economics???
Okay, all the puns are over: I had to cheer myself up some way! But the Nobel committee in socialist Sweden has been going awry for years, and not just on the Economics prize. What will the guys over at National Review’s “Krugman Truth Squad” do now?
Exposing Obama’s 95% Sleight of Hand
Mr. Obama has been attempting using his “95%” tax cut as a cudgel against Republican’s. This disingenuous claim is a political tactic designed as an attempt to nullify the Republican policy pillar of lower taxes and smaller government. While there have been several attempts to reveal the wizard behind Mr. Obama’s economic curtain, this is probably the best explication thus far. Witness the following from | Read More »
Historical Parallels: Then and Now…
Historical Parallels: Then and Now…Economic Conditions and the Obama Phenomenon(Historical data obtained from Wikipedia) History shows us that countries have an unusual tendency to put into power dangerous leaders during times of economic trials. Take the country of Chile for example. Chile elects in 1970 a communist president in Salvador Allende. He only garners 36% of the popular vote, barely 1% more then his closest | Read More »
Staggering In Search of a Suitable Place to Die
Americans are depressed about their current economic fortunes and in many cases their personal finances. In the case of some individuals who have invested/gambled more than they could afford to lose on real estate investments, the mordant pessimism may accurately reflect reality. However, those of us not familiar with the Fabius Maximus Blog, have not seen, felt or tasted the sense of doom that seems | Read More »
Influencing Economic Expectations, Redux
Earlier this week, I posted an article (on my blog and here at Redstate ) that voiced one of my main criticisms of monetary policymakers throughout the efforts to pass the Paulson rescue package. This is not an armchair criticism; this is a complaint, based on insufficient management of a fundamental approach to monetary policy.
Elect a Republican Congress and the stock market goes up.
The Republican party held a majority in both the US House and the US Senate from January 2003 through December 2006. During that time the stock market (as reflected by the S & P 500) rose by 72 percent. The Democrat party has held a majority in both the US House and the US Senate from January 2007 through present today (4 October 2008). During | Read More »
As I take time from actually accomplishing work to think about the situation I can’t escape the feeling that this is a mistake. I’ve tried to shake it, I’ve tried for weeks. I thought fear would do it, and it came close. I thought research and gaining a better understanding of the problem would do it, and it almost did. However, try as I might, | Read More »
How Can We Really Stop Another Great Depression?
The Dow has closed about 350 points as I write this, and if the 777 point drop on Monday is “blamed” on the House rejecting the Pelosi Bailout Bill, then we have to blame this drop on the Senate passing their version of a Bailout last night. Fair is fair. When you factor in the Dow gain on Tuesday, the two net drops are close | Read More »
, Barack Obama
, credit markets
, Financial Crisis
, great depression
, House of Representatives
, John McCain
, Wall Street
Influencing Economic Expectations
If you have been following my articles , I have strongly advocated that the Congress approve the rescue plan proposed by Hank Paulson and Ben Bernanke. I won’t rehash all of the reasons why I think this must happen, but suffice to say, our financial system needs liquidity to be stabilized and that’s what this bailout is all about. You can read my other previous | Read More »
Those Who Voted No
The few–the very few–who voted against the Bailout tonight. 15 Republicans, 9 Democrats and 1 Independent. Allard (R)Barasso (R)Brownback (R)Bunning (R)Cochran (R)Crapo (R)DeMint (R)Dole (R)Enzi (R)Inhofe (R)Roberts (R)Sessions (R)Shelby (R)Vitter (R)Wicker (R) Sanders (I) Cantwell (D)Dorgan (D)Feingold (D) Johnson (D)Landrieu (D)Nelson (FL) (D)Stabenow (D)Tester (D)Wyden (D) As gamecock has written elsewhere, let’s defeat it in the House….
John, We’re Waiting For You to Do Something…
Dear John, We haven’t heard a lot from you lately. Not a lot since last week, really, when you suspended your presidential campaign and announced that you were going back to D.C. to fix the economic crisis that Congress and the nation suddenly discovered it was in. We know why we haven’t heard a lot from you. First, the news media doesn’t give you the | Read More »
Senator McCain Survives His Weakest Debate Topic, Foreign Policy
The conventional wisdom going in and coming out of last night’s debate is that foreign policy would be Senator McCain’s strongest subject, his best chance to shine. I think that is wrong. There are reasons why a point of view becomes conventional wisdom, and those reasons are obvious here. The polls show the public has more confidence in Senator McCain vis a vis Senator Obama | Read More »
On the Bailout, Wall Street …
Just popping in because I’ve been observing this financial crisis closely, and I would like to share a few observation I have made. First, I should ntoe that I am opposed to the bailout on multiple grounds eludicated by many commenters such as William Kristol. Not just simple free-market orthodoxy, but the fact that it is frankly unfair, beneficial to people at the top of | Read More »