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Unemployment Remains Stuck at 8.2%

July 6, 2012

Today’s June jobs report seemed redundant:  only 80,000 jobs added (a full one-third of those are temporary) as the unemployment rate held steady at 8.2%.  The infamous U6 number went up a tenth of a percent to 14.9%.  It takes about 150,000 new jobs per month just to keep pace with population growth.  Plus, the [...]

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Tax Cut Compromise: Sabotaging the Hostage Takers?

December 8, 2010

The statist left is irate!  Our latest plunge into a Keynesian morass isn’t doing enough damage fast enough for some on the left and Obama is stuck defending his actions to his own base.  You’d think someone died listening to Obama defend extending the Bush tax cuts and you’d think someone was murdered listening to [...]

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Ireland is Breaking

November 10, 2010

Ireland’s been having to deal with a serious banking crisis which won’t go away.  However, things just got worse for Ireland:  this week Ireland’s debt hit a level that has spooked investors into predicting that Ireland will be the next euro zone nation to require a bailout. Two years of government bailouts have merely broken [...]

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Obamanomics Makes Bad Keynes Worse

February 6, 2010

British economist John Maynard Keynes had a number of theories that the Left loves because Keynes finds a nice cozy place for big, powerful government in free markets.  Keynes was an advocate of the government taking a huge role in investment, something corporatists everywhere could cheer!  So, while I do not agree with the benefits [...]

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It’s Too Late for Obamanomics

March 30, 2009

The Chinese, the Czechs, the French and the Germans all have a similar thing to say:  You, America, are not going to take us down a road we know very well now that large segments of our populations have tasted the middle class and want to keep it.  It is very embarrassing to be even [...]

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Friedman, Greed, and Economic Stimulus

February 9, 2009

Milton Friedman (1912-2006) was one of the great Conservative economists of the 20th century, who saw the New Deal, the Stagflation of the seventies, and the vindication of his economic theories in the 1980s and beyond.  Originally a Keynesian New-Deal proponent, he realized after much study that Keynesian economics was dead-wrong, and proposed many of [...]

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Economists Take On Obama

January 29, 2009

Obama recently has been acting if his economic stimulus ideas are universally accepted.  Indeed, he recently argued: There is no disagreement that we need action by our government, a recovery plan that will help to jump-start the economy. Indeed?  Well, a group of over 200 economists, including Nobel laureates, have written a letter to Obama [...]

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More Dissension Over Stimulus

January 28, 2009

The case against the stimulus keeps growing and growing.  Dan Mitchell (who created the popular YouTube video debunking Keynesian economics) of the Cato institute has recently produced a YouTube video on the effects of the Obama Stimulus Package, and how it is a disaster in the making (H/T:  Up North Mommy). Gary Gross at California [...]

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Obama’s Solution: “Only Government” Can Save Us

January 8, 2009

The One just gave us a not-so-cheery speech today on the nation’s economic situation and how He will fix our problems through obnoxious levels of government spending since “only government” can fix our problems. So, on the theme of Presidential Inaugurations, we just heard Obama assert his firm belief that the only thing we have to [...]

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