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Obamanomics Tag

Posted by William A. Jacobson on January 10, 2012 60 Comments

We don't know all of the details of how Bain conducted its business under Mitt Romney, but we do know that in at least several instances the conduct was to squeeze out cash while leaving behind a failed company.  In many other instances Bain helped...

Posted by William A. Jacobson on December 17, 2011 9 Comments

The more Obama pushes class warfare, the more people reject class warfare.  That's certainly not what I expected. It's the counter-indicator effect.  If he's for it, the opposite will happen.  Perhaps he should announce an Unemployment Plan instead of a Jobs Plan. It's another one of those...

Posted by William A. Jacobson on November 29, 2011 13 Comments

Obama saved GM and Chrysler, Obama saved GM and Chrysler.  Republicans wanted the companies to die quickly.  That's pretty much a central Democratic Party talking point this election cycle. Of course, it's complete nonsense.  GM and Chrysler were "saved" by Obama with a bailout to preserve the...

Posted by William A. Jacobson on November 18, 2011 10 Comments

Detroit becomes Central Falls. Can you say "bailout"?  (h/t reader Thomas) Watch the latest video at video.foxbusiness.com...

Posted by William A. Jacobson on November 18, 2011 15 Comments

that Ann Barnhardt issued the following statement (emphasis in original)(h/t reader Charles): Dear Clients, Industry Colleagues and Friends of Barnhardt Capital Management, It is with regret and unflinching moral certainty that I announce that Barnhardt Capital Management has ceased operations. After six years of operating as an independent...

Posted by William A. Jacobson on November 08, 2011 4 Comments

I've posted before about the Chinese real estate bubble, and what will happen when this bubble bursts. Rather than worshipping the Chinese economy like Obama does (high speed trains anyone?), we should be recognizing that the Chinese model, like the Soviet model, is artificial and contrived. ...

Posted by William A. Jacobson on October 04, 2011 8 Comments

... Reid blocks attempt by McConnell to vote on president's jobs bill Do you need to know anything else?  If so, the article is here....

Posted by William A. Jacobson on September 29, 2011 19 Comments

The government should have just taken over the banking sector, so we could avoid things like this, The End Of Free Checking? On Sat., Oct. 1, new regulations from the Dodd-Frank financial overhaul go into effect on debit cards. Specifically, they impose price controls on “interchange...

Posted by William A. Jacobson on September 27, 2011 15 Comments

Self-made millonaire or billionaire, and now most hated person at Firedoglake, Ted Leonsis wants Obama to stop with the class warfare: Someone needs to talk our President down off of this rhetoric about good vs. evil; about two classes and math. Our country was founded on the premise...

Posted by William A. Jacobson on August 30, 2011 11 Comments

The Kennedy administration has been described as having attracted the best and the brightest to government service, sometimes with bad but well-intentioned results. I don't know Alan Krueger, Obama's new head of the Council of Economic Advisers.  But Ezra Klein claims to know a lot about Krueger,...

Posted by William A. Jacobson on August 26, 2011 18 Comments

Ben Bernanke gave a very lengthy answer to the question "why has the recovery from the crisis been so slow and erratic?," but Bernanke danced around the obvious: Why has the recovery from the crisis been so slow and erratic? Historically, recessions have typically sowed the seeds of their own recoveries...

Posted by William A. Jacobson on August 25, 2011 14 Comments

A ringing endorsement of Rick Perry from Kinky Friedman, with as many laughs per square inch as any endorsement I have ever seen (emphasis mine): I have been quoted as saying that when I die, I am to be cremated, and the ashes are to be thrown in...

Posted by William A. Jacobson on August 25, 2011 11 Comments

Steve Jobs is stepping down as CEO of Apple, likely for good. What a lesson Apple holds.  I've never bought an Apple computer or "device" (although I did get an iPod as a gift), but I'll never forget my amazement in law school in the early 1980s...

Posted by William A. Jacobson on August 22, 2011 42 Comments

... in order to pay for your grand spending plans is that sometimes you run out of rich: ... based on 2009 IRS figures, ... the number of taxpayers reporting annual income over $1 million fell 39 percent between 2007 and 2009; the number of super-wealthy...

Posted by William A. Jacobson on August 21, 2011 18 Comments

"Be a modern day Robin Hood" was the subject line of an e-mail received by reader redc1c4. The body of the e-mail is below (red circle added).  It was hawking social work school, where one can specialize, among other things, in "welfare planning." The reaction from redc1c4 is that...

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