The Long-Lead Time Planning For Mandated Failure

By: Repair_Man_Jack (Diary)  |  July 25th at 12:00 PM  | 

According to President Obama, we have tried his plan in America and it has worked! Don’t say that to employees in either the defense or the coal industry. President Obama’s plans are about to go to work on both on these industries and that apparently implies that a whole lot of jobs won’t be getting created or saved. Changing scale in capital intensive industries requires | Read More »

The Non-Existent Spending Cuts…Except for Defense

By: Daniel Horowitz (Diary)  |  November 22nd at 01:32 PM  | 

Yesterday, we observed the unique spectacle of a socialist president threatening to veto any bill that reinstates higher levels of spending.  Did Obama just experience an epiphany? No.  We are merely talking about cuts in defense spending.  Those are the good kind of cuts. Throughout the entire supercommittee imbroglio, whenever Democrats or members of the media referred to spending cuts – to the extent that | Read More »