From the category archives:

Economy

Sparring Over Common Core

April 18, 2014

While scouring the Internets this morning, I noticed RCP had two contrasting views on Common Core — the national education standards 45 states adopted without looking at them first. David Brooks takes the Ruling Class apologist’s view, basically that one should just get over it and embrace the change. Erick Erickson takes the skeptical view, [...]

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Bundy Ranch Standoff Ends

April 13, 2014

Hopefully you’ve been paying attention to events happening in Nevada regarding rancher Clive Bundy’s conflict with the Bureau of Land Management (BLM) — it says a lot about what is bubbling beneath the surface in DC and across the nation. The case is simple: Bundy has to pay grazing fees to the federal government since [...]

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Rush’s Warning

April 5, 2014

Occasionally, one needs a dose of clarity to (if nothing else) prepare psychologically for our impending day of reckoning.  I know that sounds apocalyptic, but our government’s spending, general ruling class behavior, the stock market, and other financial institutions are currently not on a sustainable path.  Unfortunately, we don’t know the time or the place [...]

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Tea Party Turns Five

February 27, 2014

From September 2008 to February 2009 nearly $1.6 trillion America didn’t have had been spent by our government: TARP to bailout Wall Street ($700 billion), plus the auto bailouts ($80 billion), plus the Stimulus to bailout Democrat constituencies ($787 billion).  When would it stop?  Who would end up paying for it?  Anyone paying attention was [...]

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UAW Loses in Tennessee

February 15, 2014

Being refugees from the vast union wasteland that is Detroit, the United Auto Workers (UAW) union has tried to find a new home in the South.  Many foreign car companies set up plants in the South to 1) bring their plants closer to the consumer, and 2) avoid the high cost of union labor in [...]

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The Democrat’s Awful Work Ethos

February 9, 2014

In the midst of a CBO report indicating that Obamacare will be the direct cause for the loss of at least 2 million full-time jobs moving forward (that’s a low-ball number in my opinion), the spin from the left this week was outrageous!  To quote Nancy Pelosi, “this was one of [Obamacare's] goals: to give [...]

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Common Core: A 2014 Sleeper Issue

January 12, 2014

I initially wanted to post on the horrible economic news from what should have been a gang-busters robust good news jobs report that we didn’t get on Friday, but this Common Core issue keeps reappearing, impacting local politics throughout the nation as well as my own classroom. To the uninitiated, Common Core is an attempt [...]

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2013: The Year that Was

December 29, 2013

2013 is nearing its end — let’s take a look back. According the AP, here were the top 10 news stories of 2013: The awful Obamacare rollout Boston Marathon Bombing Pope Francis takes charge Congress’ low approval ratings NSA spying Gay marriage Nelson Mandela Typhoon Haiyan The Syria debacle Three missing women found At the [...]

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Detroit is Eligible for Bankruptcy

December 3, 2013

A judge ruled today that Detroit can file for bankruptcy to deal with its enormous fiscal woes.  A Chapter 9 bankruptcy gives some protection from a city’s creditors by renegotiating the plan to pay back that debt… debt which currently hovers around $18 billion owed to over 100,000 creditors! Part of the city’s obligations are [...]

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Common Core Craziness

November 17, 2013

The Common Core is an attempt to nationalize the US education system in a way never before attempted.  It is skill-based, not content-based, and is not being phased in but thrust upon everyone all at once before enough long-term studies can be done on its actual worth.  It’s not adding to existing standards, it seeks [...]

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Dispelling the Myths of the Government Shutdown

October 12, 2013

Thomas Sowell has a fantastic piece that dispels many myths regarding the government shutdown.  First, he points out how, step by step, the Democrats are responsible for the shutdown, not the GOP.  Most importantly, though, he dispels the myth that it is somehow invalid for the House Republicans to defund Obamacare: Whether Obamacare is good, [...]

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The Government Shuts Down

October 1, 2013

I looked up — the sky was still there.  I looked down — a giant hole did not swallow me up.  Life is good. Last night the federal government shutdown — let the political circus begin!  Since the MSM is primarily DC/government centric, they are in a predictable frenzy.  However, if your job is a [...]

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Government Shutdown Likely

September 30, 2013

With just hours to work out a deal over funding the federal government, it doesn’t look like either side will budge: the Dems believe that any shutdown will hurt Republicans, so why bother resolving anything; all while the Republicans spend their time negotiating with themselves since the Dems have no incentive to solve the problem [...]

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Cruz Control*

September 25, 2013

Twenty-one hours of Ted Cruz yesterday on the Senate floor pounding Obamacare was great!  Whether or not anything good was going to come from the gesture the point was made, those who listened got a civics lesson, and those who believe in limited government appreciated a DC Republican sounding different than a Democrat for a [...]

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A Poorer New Jersey

September 8, 2013

During the first four years of Governor Pop N’ Fresh Chris Christie New Jersey is still in the grips of the Great Recession.  The Garden State has a stagnant 8.6% unemployment (higher than the national faux-average of 7.3%), along with a staggering 24.7% poverty rate, the highest it has been in 52 years.  My county [...]

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Our Ever Shrinking Workforce

September 6, 2013

According to the Bureau of Labor Statistics, roughly 90,473,000 Americans weren’t working in August (the highest number ever), meaning that we have a meager 63.2% labor participation rate.  That’s the lowest it’s been since the years of Jimmy Carter.  Yet, using Washington math, the unemployment rate dropped to 7.3% — only in DC could it [...]

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Why is College So Expensive?

August 25, 2013

With millions of college students poised to return to school soon and with the job market as awful as it is, that question becomes more and more relevant.  Here’s an interesting article from the Wall Street Journal which attempts to answer that question:  fifty years of increasing government subsidies to student loan programs have all [...]

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An Ill-Fated New York Dem Mayoral Gift Bag

August 18, 2013

In the race to succeed Nanny Bloomberg as major of New York City, Michael Goodwin writing for the New York Post called out the Democrat candidates on the issues:  two of them for their complete ignorance of the city’s own history as they tried to pander with nostalgic platitudes about immigration; another for trying to [...]

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Rush Limbaugh’s Great Interview on Greta

July 31, 2013

Rush Limbaugh generally doesn’t like TV interviews, but seems to always make an exception for Fox’s Greta Van Susteren once in a while.  Yesterday, Rush sat down for over an hour for an interview, which essentially summarized what he’s been saying on the radio since February.  Here’s most of the interview on video. For those [...]

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Paul Ryan Falls Into Immigration Trap

July 28, 2013

The Senate’s immigration bill is a nightmare, and the House GOP could stop it dead.  But they won’t because the leadership sucks. Case in point:  former Vice Presidential candidate Paul Ryan promised piecemeal action in small steps on immigration by October.  On the surface, that’s already considerably more responsible than the Senate’s “comprehensive” morass.  However, [...]

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Broken Record: Obama to Focus on the Economy

July 24, 2013

President Obama begins his latest full-fledged campaign-style tour around the nation, this time so he can take credit for the economy.  This within a week of his blessed Detroit declaring bankruptcy, and with unemployment stuck at 7.6% with no indication that’s going to change substantially any time soon. So, what’s he doing? To me there [...]

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Obama: Fueling the Racial Flames

July 21, 2013

Friday, while few were paying attention, President Obama made these remarks regarding the George Zimmerman verdict.  Here’s a short clip: Any observer of this administration can see, clearly by now, that the Justice Department and now Obama himself, are involved in a major media head fake, stoking the flames of discontent regarding this duly adjudicated [...]

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Detroit Goes Bankrupt

July 19, 2013

The city of Detroit will file for bankruptcy, the largest American city to ever do so.  If this filing is approved, the city will liquidate what it needs to in order to pay off its debts, meaning that public employees (and their unions) will face a serious crunch. Detroit’s been in trouble since even before [...]

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US Debt “Frozen” From May 17 Through Labor Day

July 16, 2013

When I want to look at the national debt, I just go here.  As of this writing, the national debt is about $16.87 trillion and rising. However, if you ask the federal government, the number is $16,699,396,000,000.  What’s weird is that this number hasn’t changed since May 17 (or 56 days ago), even though by [...]

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Coincidentally, One Major Obamacare Insurance Mandate Delayed Until After 2014 Election

July 2, 2013

Breaking news out of Foggy Bottom’s Treasury Department:  the administration will delay a mandate on large employers to provide health insurance until 2015. It’s likely that this move is not just about a lack of preparedness (which I can totally believe), but also to dull the political and economic impact of the impending Obamacare train [...]

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The Catholic Church is Wrong on Illegal Immigration

June 30, 2013

There I was, minding my own business during Sunday morning mass, when my priest referred to a little prayer in the bulletin for what he called “comprehensive immigration reform.”  He went on to suggest that it should be put on our refrigerators to remind us of the issue.  The prayer, called “A Prayer for Immigrant [...]

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Immigration Bill Passes Senate; Here’s a List of GOP Senators to Primary

June 27, 2013

With cloture invoked on Monday, the final version of the Senate’s crap sandwich “comprehensive immigration reform” bill was voted on today and passed 68-32. Below is a list of Republicans who voted for the bill who MUST have a primary challenge in their next election. Why? This bill sucks, and everyone involved should already know [...]

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Cruz and Sessions: Read the Bill!

June 24, 2013

This week the Senate will pass an absolutely terrible comprehensive immigration bill which will likely be more harmful to the economy than to the Republican Party (if that’s possible), as well as not solving the problem. “Comprehensive” bills just mean “filled with junk that could never pass on its own.”  The other problem with “comprehensive” [...]

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The Cost of Big Government Higher than Dollars and Cents

June 19, 2013

The Wall Street Journal ran a piece today by Harvard history professor Niall Ferguson called “The Regulated States of America” which looks into the dollars and cents behind the cost of our massive regulatory state and how it impacts our culture. According to the numbers, the Administrative State (our unelected Fourth Branch of government) costs [...]

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Economists: This “New Abnormal” Cannot Last Forever

June 17, 2013

Ian Bremmer and Nouriel Roubini teamed up to write an 8-page piece on what they call the “new abnormal” world economy. As one can imagine, it’s pretty dense, long, and repetitive at points but the gist is clear:  the corrections needed after the 2008 meltdown weren’t good enough, and the unstable world the international community [...]

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