This AP article fact-checks Obama on the topic of millionaires paying at a lower tax rate than their secretaries: On average, the wealthiest people in America pay a lot more taxes than the middle class or the poor, according to … Continue reading →
Let’s not get too taken with the minutiae of the Obama deficit-reduction proposal, which are a bit difficult to discern at this point anyway. This is merely Obama’s latest move in a chess game that will have many more moves … Continue reading →
…but it hates Perry and Bachmann worse. In Hollywood, the disaffection seems to come down to “Obama wasn’t the miracle worker I thought he’d be.” It should come as no surprise that Hollywood’s belief in magical thinking extends to politics. … Continue reading →
Well, Obama finally kept the promise he’s been making for years and focused like a laser on jobs—at least, in his speech last night to Congress and the nation. Reaction varies. There’s commenter “West” from this blog: I’ll Summarize ”“ … Continue reading →
No, not exactly. As this article points out, a Ponzi scheme has to attract investors, whereas Social Security has a captive investor-audience: all Americans who work. And Social Security can keep asking for more from them, not just in absolute … Continue reading →
The most interesting thing to me in this article about a recent NBC/WallStJournal poll isn’t Obama’s approval rating, which is low but still surprisingly high at 44%. What drew my attention instead was this: While Perry appears to be the … Continue reading →
Fannie and Freddie cry innocent over their investment in bad mortgage securities; it’s the big bad bankers’ fault! And now it’s time for the government to sue: The federal agency that oversees the mortgage giants Fannie Mae and Freddie Mac … Continue reading →
One of the things I love about blogging are the discoveries that can result from late-night meandering down paths that lead to the unexpected. That’s what happened the other evening when, after doing some research on Keynes and Hayek, I … Continue reading →
Bernanke announced no new steps on the economy, although he urged the government to “pursue tax, trade, and regulatory policies that encourage economic health.” I guess that for Bernanke, though, it’s a case of “first, do no harm.” Paul Krugman … Continue reading →
Despite my interest in politics (or perhaps because of it?), there haven’t been many presidential candidates over the years who’ve roused much enthusiasm in me. In fact, the single exception might have been Paul Tsongas, who ran for (and lost) … Continue reading →
The article “Why Americans Hate Economics” caught my eye, for obvious reasons. Here’s a quote: Christina Romer, the University of California at Berkeley economics professor and President Obama’s first chief economist, once relayed the old joke that “there are two … Continue reading →
I’ve noticed a few articles and posts lately from people on the left containing the meme “we know exactly what to do to fix the economy, and the mean and destructive politicians just won’t do it.” Here’s a good example … Continue reading →