From the category archives:

Economy

Nothing New: Gen X in a Retirement Bind

June 2, 2013

Yesterday I read an article from ABC News, saying that the Great Recession’s impact on Generation X’s pocket book will impact the rest of their lives, particularly in their retirement years, in a negative way. The Boomers will suck the system dry due to their sheer numbers, and the Millennials will shape a new system [...]

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Not Sure About This Marco Rubio Fellow Anymore

June 1, 2013

The centripetal force of the statist-leaning ruling class in DC is enormous.  It gobbles up new, bright-eyed members all the time and spits out more of the same junk. Unfortunately, a once bright shining star in my eyes, Marco Rubio, has been caught up in it.  Nothing proves that more than how he’s become a [...]

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The Economy: A Good Sign and a Dire Warning

May 11, 2013

Scouring the Internets this morning I bumped into two articles.  One shows something good, the other something not so good. Michael Barone wrote this article posted on RCP which says the college bubble is finally starting to burst.  The cost of university has not been tied to market forces since about 1986, which helps to [...]

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Chinese Century? Maybe Not.

May 9, 2013

In real numbers, last year China’s GDP was around $8 trillion, while ours was about $15.7 trillion.  Based on that pattern many believe that statistically China’s economy will surpass the size and scope of United States by 2017… but something may get in the way of that forecast:  China itself! This article comes to the [...]

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Farage: “This European Union is the New Communism”

April 22, 2013

The EU is a clear political expression of a civilization’s decay as its ruling class plays its last few cards before some kind of end.  Nigel Farage, an MEP from the UK who belongs to the UK Independence Party (UKIP) back home, spoke truth to power about the EU’s actions regarding the troubles in Cyprus, [...]

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Obama’s “Fair Share” Nearly the Same as Mine

April 14, 2013

If you believe “rich” is considered any household earning over $250,000 a year, and if you believe that the acceptable tax rate on the top earners is 39.6%, then wouldn’t you think someone pulling in $608,611 should pay their “fair share” of taxes?  Even if this person gave (and legitimately deducted) a substantial amount of [...]

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New Study: 30 is the New 45

April 10, 2013

A new study spanning different generations over 25 years indicates that today’s young adults are 15 years less healthy than previous age groups at the same age.  Meaning, the prevalence of health issues related to things like high blood pressure, diabetes, obesity, etc. among 40-year-olds today is similar to the levels older groups have at [...]

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Stockman — Our Great Deformation Continues

April 1, 2013

I wish this were an April Fools joke, but it’s not.  Former Reagan economic guru David Stockman is warning that the Fed’s money-pumping is creating an unsustainable stock bubble which will inevitably come crashing down in the next few years.  Worse, Stockman argues that the “Too Big to Fail” corporatist culture created over the last [...]

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How Free is Your State?

March 29, 2013

So, how free is your state?  Here are the latest rankings from an expansive George Mason University study (pdf) based on personal freedoms, as well as both fiscal and regulatory policies in each state. The top five most free states are:  North Dakota, South Dakota, Tennessee, New Hampshire, and Oklahoma. Rounding out the bottom five [...]

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Cyprus Takes More Deposits, But From Fewer People So Now It’s Okay or Something

March 25, 2013

A few days ago, it looked Cyprus was about to raid the nation’s bank accounts in order to get a bailout from the European Union.  But because people saw how unfair it was to steal from people just because they wisely saved money over the course of a lifetime, a backlash ensued that forced Cypriot [...]

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Cyprus To Raid Bank Accounts; Mattress Option Not Quite as Absurd As It Was Yesterday

March 18, 2013

Over the weekend, news broke that Cyprus was planning to raid peoples’ bank accounts in exchange for bailout money from the European Union.  Under the plan, those with deposits of more than 100,000 Euro would have 10 percent of their bank account raided while those making sense would “only” lose 3 percent of their savings. [...]

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Paul Ryan’s Latest Budget Puts GOP on Offense

March 12, 2013

With President Obama reeling after the Sequester dud, Paul Ryan unveiled the House GOP’s budget proposal.  Here’s a short clip: This is where Paul Ryan is at his best — crunching numbers and articulating a more sensible path to a financially solvent future for our nation.  On top of that, this budget proposal eliminates Obamacare, [...]

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Wonderful. Obamacare Increasing the Price of Five Guys.

March 12, 2013

It looks like the low information voters who simply equate government action with “good” and take pleasure in the successful paying through the nose are about to learn a lesson about Leviathan government the hard way.  Obamacare may have passed in 2010, but implementation of law was delayed and staggered.  To those who don’t pay [...]

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Oops, Illegals Released as Part of Sequester

February 27, 2013

In order to scare Republicans into capitulating on yet another stand-off with the President, ICE decided to let certain illegal aliens out of jail “in order to stay within their budget” because of the impending sequester cuts. My firm belief has always been that any politician in Washington or state house or city hall who [...]

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Angelo Codevilla Takes on the Republican Establishment

February 23, 2013

On Thursday’s Mark Levin Show, Mark read from an article by Angelo Codevilla during most of his first hour.  The article’s title,”As Country Club Republicans Link Up with the Democratic Ruling Class, Millions of Voters are Orphaned,” only hits the surface of the message Codevilla is trying to convey.  For those who don’t remember, Codevilla [...]

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Posturing on Sequestration

February 20, 2013

In August 2011, our leaders in Washington decided to kick the proverbial can down the road in order to not deal with our economic situation until after the November election.  The debt limit, the Bush tax rates, and potentially devastating spending cuts were all left on the table until that time.  How very brave of [...]

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The Government’s “Paying-For” Problem

February 12, 2013

Does America have a spending problem? Yup.  Here’s about 16,522,000,000,000 or so indications that we do. That won’t stop ideologues like House Democrat Steny Hoyer saying things like this: Seriously, a “paying-for problem?”  They think we’re stupid — with good reason at times. For more silliness, just listen to tonight’s State of the Union Address!

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Listen to Dr. Benjamin Carson

February 9, 2013

This week at the National Prayer Breakfast Dr. Benjamin Carson, standing right next to the President, hit the room with this attack on political correctness. Here’s the full speech, where Carson hits the national debt, taxation, ObamaCare, and more all in the presence of Dear Leader.  It’s about a half-hour, but those of you stuck [...]

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Yesterday’s Economic Report Should Have Been Released on Groundhog Day

February 2, 2013

Yesterday the Labor Department released their January jobs report on the heels of news this week that America’s economy contracted 0.1% in the fourth quarter of 2012.  Not good.  Since today is Groundhog Day, I decided to post on this now rather than yesterday being that for some reason I feel like I’ve written this [...]

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US Economy as Bad as It Feels

January 30, 2013

Data was released today indicating that the economy contracted 0.1% in the fourth quarter of 2012.  This signals the first time the economy actually shrank since the second quarter of 2009.  If it shrinks in the first quarter of this year, we’ll be officially in a recession.  Regardless, I don’t trust much out of this [...]

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Obama Targets Football

January 28, 2013

The week before the Super Bowl, our President decided to give an interview with the New Republic in which he took aim at player safety in football: I’m a big football fan, but I have to tell you if I had a son, I’d have to think long and hard before I let him play [...]

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Obama’s Second Inaugural Address

January 21, 2013

President Obama gave his second inaugural address today — I only saw the last ten minutes of it.  Due to all the missed school days from Superstorm Sandy, I had work today. Ten minutes was enough.  Soaring, airy rhetoric, to be sure.  Delivered well, but the same ol’ horse manure.  In the mere ten minutes [...]

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The Obama Nation, Take 2

January 20, 2013

Today around noon President Obama will be sworn in for a second term as our President, while Joe Biden already took his oath this morning.  Tomorrow, the big party takes place — constitutionally, the official swearing in must take place on January 20, but given that today is Sunday the public ceremony has been moved [...]

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Obama on Debt Limit… in 2006!

January 15, 2013

After listening to pieces of Obama’s press conference yesterday on the debt ceiling, I couldn’t help but add this statement by then Senator Obama in 2006 to the echo chamber: The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure.  It is a sign that the [...]

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Just Cocky College Kids or “Deluded Narcissists”

January 10, 2013

An exhaustive study indicates that Millennials, those who were born from c. 1982-1999, have a wildly inflated sense of self-infatuation and a notable overconfidence.  When asked about their abilities, their “above average” attitude didn’t match their level of achievement. But is this study just a reflection of college students being college students or is there [...]

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Sessions’ Debt Ceiling Solution: Pass a Budget!

January 8, 2013

In a startling move, Republican Senator Jeff Sessions suggested that the people ought to know how their trillions of dollars are being spent if we are to raise the nation’s credit card limit.  So, on the 1,350th day without a budget being passed by the Senate, Sessions suggested that Reid pass a budget, then talks [...]

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Trillion Dollar Coins. Seriously?

January 6, 2013

New York Democrat Representative Jerry Nadler and others are supporting the idea of the Treasury minting a trillion dollar platinum coin a few times and merely depositing them at the Federal Reserve so as to avoid a debate over the fiscal cliff.  What could go wrong! How did a rule mostly used for the creation [...]

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Sandy Victim Rant on Cavuto Nails It

January 5, 2013

This interview with Hurricane Sandy victim Scott McGrath aired on Neil Cavuto’s show yesterday — it really captures the frustration working people have with our dysfunctional government and administrative state.  Check it out: There’s really not much to add other than that there is a middle class protest movement railing against the government ruining our [...]

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Unemployment Steady at 7.8%

January 4, 2013

Unemployment remained at 7.8% in December along with the U6 figure, which also stayed put at 14.4%.  I find it interesting that November’s number was initially 7.7%, but got revised up to 7.8%.  Funny how that happened with relative quiet. Although we added 155,000 jobs last month, we need 250,000 to keep pace with population [...]

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GOP, Boehner Falling Off Their Own Cliff

January 2, 2013

What a mess! In a typical Obama Nation move, the Senate had three minutes to read and vote on a 154-page bill which was immediately sent over to the House and eventually voted on last night.  Obama didn’t even wait to sign it before he was on a plane back to Hawaii — he’ll likely [...]

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