You know my answer to that question. In response to Warren Buffett and Ben Stein, Mark Skousen writes at Human Events: Of course, Buffett and Stein are correct in one way: The rich can afford to pay more in taxes. The rich (I’m in this category) have surplus wealth that we can draw on to [...]
Browsing Posts tagged Economics
The cost of regulation to businesses in America is $1.75 trillion (according to a study done by the SBA’s Department of Advocacy). That is $1.75 trillion in costs to businesses, which end up in prices paid by consumers. In other words, to fund compliance with regulations, American consumers pay an additional $1.75 trillion for the [...]
How exciting! President Obama is going to reveal a big jobs program in the coming weeks. Nancy Pelosi probably thinks that means more of those great job creating unemployment payments. The sad thing is, I’m guessing ol’ Nance isn’t far off. Here’s what I will bet will not be in the plan, despite that fact [...]
I did it again, and I’m kicking myself. I listened to President Obama in a news clip. I’m trying to learn to reflexively mute the radio when I hear his voice, because he tends to make me crazy whenever I hear him speak. I just wasn’t quick enough. Damn. The president is on his “blame [...]
The following are Democrat/progressive policies. The Dems and progressives claim to be the guardians of the poor and middle classes. Let’s see… Preventing Energy Production: This raises gasoline and electricity prices. Who can least afford higher gasoline and electricity prices, the poor and middle class, or the rich? It also results in higher prices for [...]
I was reading Mark Steyn and he wrote a line that I’m sure I’ve read before, perhaps in some other form, but it suddenly struck me like a bolt of truth lightning: Funding non-productivity is now the principal purpose of the modern state. Think about that for a moment. Medicaid. Food Stamps. Medicare. 99 weeks [...]
Yesterday I read a quote from Debbie Wasserman-Schultz (congresswoman and DNC Chair) in which she was critical of House Republicans, saying “…they haven’t produced one jobs bill.” By “jobs bill” I’m certain that she meant some sort of spending measure that would have the same impact of the (now part of the baseline) “stimulus”. So [...]
As I was driving to Minnesota for vacation I heard an economist on the radio say something that needs to be a huge campaign slogan. What he said was this (paraphrasing): Obama has a recession planned for 2013. His argument was that in 2013 the Bush tax cuts expire and most of the Obamacare taxes [...]
I was on vacation, barely paying attention to the news, and unable to blog. But, I did track the debt ceiling debate and its resolution (as I write, the Senate has not voted). To me, this is a nothing deal. The only two victories in it are these: The idea that the budget must be [...]
There’s more evidence for bigfoot than for Obamanomics working
How can anyone still believe in Obamanomics? The only answer I can come up with is a complete lack of understanding of economics. The only other thing I could speculate about is an irrational belief in big government as a solution. I say irrational because we have much more evidence for bigfoot and UFOs than [...]