What hath Obamacare wrought?
Part-time yes, full-time no. People are not dumb. They get around a law if they can. And Obamacare is a terrible, terrible law, passed in a terrible manner.
Continue reading →Category Archives: Finance and economics
What’s behind the upswing in the housing market?
It may not be what you’d think.
Continue reading →Joe Klein: the IRS targeted conservative groups…
…and oh, if only Obama knew! [NOTE: If you want to refresh your memory on the “if only Stalin knew” reference, see this.] [NOTE II: George Will weighs in, asking, “How stupid do they think we are?” My answer: “Very. … Continue reading →
The new immigrants: come for the liberty, stay for the welfare
Surprised that the Tsarnaevs of Massachusetts received welfare benefits?: The Tsarnaevs’ parents are former recipients of transitional assistance benefits, and both Dzhokhar and Tamerlan Tsarnaev received benefits through their parents when they were younger. Separately, Tamerlan and his family received … Continue reading →
As Denmark goes?
Once a population has been welfarized, can a nation go back? Countries in Europe are facing problems as they start to run out of what Margaret Thatcher called “other people’s money.” So Denmark is trying, at least a little bitty … Continue reading →
Thoughts on tax day
[NOTE: This is an edited version of an essay of mine from the past.] Today is April 15th. This means that millions of us will be making our way to the copy machine and then on to the post office … Continue reading →
Obama: the legacy
Obama actually offers up a proposal that at least gives the appearance of being a compromise (entitlement cuts for tax raises), and the left gets angry at him, naturally: Progressive groups and lawmakers, including Sen. Bernie Sanders (I-Vt.), are blasting … Continue reading →
This was so successful the first time…
…let’s do it again!—says the Obama administration: The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say will help power the economic recovery but that … Continue reading →
Cyprus: less is more
The latest on the Cyprus banking crisis: Depositors in Cyprus with savings of more than 100,000 euros ($128,000) could face losses of up to 60 percent, under tough conditions attached to an international bailout, Finance Minister Michalis Sarris said Saturday… … Continue reading →
Why the EU is a really, really bad idea
This article by Timothy Garton Ash goes into only part of the reason: Why is Europe in this downward spiral of mutual resentment? Because of the basic design flaws of the euro, certainly. Also because of mistaken economic policies in … Continue reading →
Coolidge: man of the hour
First Shlaes. Now Charles C. Johnson (no, not that one; this one).
Continue reading →Cyprus and the EU: nobody seems to know…
…what to do about Cyprus. And yet today something—that is, the seizing of a certain percentage of the assets of depositors who have put more than 100 thousand Euros in Cypriot banks—has been decided on: European leaders reached an agreement … Continue reading →