A Drag On The Economy
Something is dragging down the U.S. economy.
Something is dragging down the U.S. economy.
On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss how Wal-Mart earnings reflect the state of the American consumer, how health care costs will contribute to the slowdown in spending and why housing has become a rich man’s game.Read More »
Here in Middle Georgia we have had very few days this year above ninety degrees, which is unusual. It took my zinnias a bit longer than normal to bloom. We have, however, had more than double our normal rainfall. I have saved a good bit of money on not running the sprinkler system. The rosemary, basil, and thyme are doing quite well. Downtown Los Angeles | Read More »
President Barack Obama was talking economy again the 24th of July. This is typically the topic he comes back to after every other topic he could discuss seems to be one about which he should zip his soup cooler. The bromides flew like Japanese Beetles during an infestation. He seems to have noticed the high level of inequality between the average American and the typical student at the Punahou Academy. He dusts off his old copy of Resnick and Wolff below.
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“This growing inequality isn’t just morally wrong; it’s bad economics,” he told his Galesburg, Illinois audience. “When middle-class families have less to spend, businesses have fewer customers. When wealth concentrates at the very top, it can inflate unstable bubbles that threaten the economy. When the rungs on the ladder of opportunity grow farther apart, it undermines the very essence of this country.”
Barack Obama’s latest “pivot to the economy” speech will soon fade from memory, just like everything else he says, except for the words he really needs us to forget, such as “If you like your health care plan, you can keep your health care plan.” But before all the gassy rhetoric and silly claims of a roaring economy only he can see have been lost | Read More »
There’s a common thread running through Anthony Weiner’s latest sexting escapades, Barack Obama’s 19th pivot to the economy, and much else that’s going wrong in America today. This is the reign of the man-child, the era of perpetual teenage indulgence. Nothing is my fault, man. Nobody understands me. Everyone keeps hassling me about little stuff. Nobody can see the superhero I really am. Consequences are | Read More »
I sat in the first class section of the Acela Express once from New York to Washington. I was on a book tour and the publisher was whisking me from New York to DC for events. Thomas Freidman sat diagonally from me. His single seat backed up to where the First Class Stewards worked. As the train pulled into DC, the overworked steward hadn’t taken | Read More »
Many of us in the Tea Party have focused intensely on the cost of big government to the federal budget. Undoubtedly, this cost will be born directly by future taxpayers in the form of more taxes, higher interest payments on debt, and less economic growth. While we must continue hammering home this point, we must also understand that many Americans still fail to connect the | Read More »
Every participant in the immigration debate agrees on the importance of assimilation. (In public, anyway. Privately, I suspect some of the open-borders folks could not care less about it, or are actively hostile to it. But everyone says they hope immigrants assimilate and become fully invested, patriotic American citizens.) What is the best way to encourage assimilation? It’s not an individual process that can be applied to specific | Read More »
On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the divergence between a rising market and stumbling economy, what history tells us about what may happen next and if we are forever stuck in a zero interest world.Read More »
We cannot solve our problems with the same thinking we used when we created them.
Oh Good. We have Comprehensive Immigration Reform being set before the US Senate. It’s the brainchild of a Gang of 8. Perhaps I can be forgiven for wondering if that means this bill will be twice as odious as the intellectual deep thoughts of Mao Tse Tung’s Gang of Four.
Now I understand that this was catty and mean, but I’m just getting really tired of these comprehensive master plans from the desks of our elected mental midgets. Attempting to do everything at once with regards to a difficult, complex issue leads us to the type of legislation where you have to pass it first to find out what’s in it. That, I fear is what will happen with the latest Comprehensive Immigration Reform proposal.Read More »
The Washington Post treats us to a particularly fact-free, faith-based, disingenuous sermon from the Secular Gospel of Keynes entitled Sequestration Stupidity. The preacher, Harold Myerson, perhaps has handled one snake too many and the venom has enstupidated his brain. It seems he doesn’t care for sequestration. It makes him sad that government just can’t spend whatever it bloody well pleases. He laments the evil of people who believe that governments should live within a budget.
Like an uninspired, hung-over reverend, Myerson attempts to preach a set of moral values he does not practice using a parable that represents the world as the world is not. We get treated to homilies of the sort that follow below.Read More »
This is the rock that the Obama administration’s ship of state is going to founder on: (Data via the Bureau of Labor Statistics.)
While discussions in Washington are focused on the fiscal cliff, the White House is looking ahead to spending a record amount of money on a three day celebration. Inauguration day will fall on a Sunday in the new year, meaning the President’s official swearing-in will be a small, private ceremony as is tradition. The President has called for a day of service the day before | Read More »
I think that I can taste just the faintest touch of bitterness in this article: When Mr. Ryan returned to Capitol Hill last week, he was met with a standing ovation from his Republican colleagues, a bear hug from Mr. Boehner and the hope from conservatives that he would hold the line on taxes and other spending. [snip] According to aides and others close to | Read More »