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Posted by William A. Jacobson on April 16, 2009 2 Comments
I attended the Tea Party in Corning, NY, yesterday. There was a good crowd in this relatively small town in western upstate NY (several hours from NY City), several hundred in total. Corning is home to Corning glass and Steuben glass. The entire region has...

Posted by William A. Jacobson on March 17, 2009 0 Comments
Pawtucket, RI, is just north of Providence. Pawtucket (pronounced “p-tuk–et” to those in the know) is an old mill town which has huge economic problems (as does the entire State of Rhode Island and Providence Plantations). So what should the federal government do to help...

Posted by William A. Jacobson on March 15, 2009 9 Comments
Just a little true anecdote on how the “rich” cutting back is hurting the “not rich.” My wife went to a hair salon last Friday. The salon is located on the East Side of Providence, Rhode Island, near Brown University. This is the premier neighborhood...

Posted by William A. Jacobson on March 05, 2009 6 Comments
Jim Cramer, the television investment personality, has been in the news recently since he criticized Barack Obama’s economic plans as a destroyer of wealth. The petty White House reaction to Cramer has put Cramer on the White House enemies list, along with Rick Santelli and...

Posted by William A. Jacobson on February 28, 2009 0 Comments
The New York Times has run a story on the travails of my home state, Rhode Island. The Times pays homage to the good things about Rhode Island, which is a quirky state with beautiful landscapes and beaches, in which everyone seems to know everyone...

Posted by William A. Jacobson on February 26, 2009 2 Comments
Add Joe Biden to the list of people giving stimulus:

Posted by William A. Jacobson on February 21, 2009 0 Comments
This must be some sort of plot to undermine Republican opposition to Obama’s stimulus plan. Online marketers of “free government money” get-rich-quick schemes now are targeting Republicans: Where did I find this? Through a Google Ad over at Finkelblog. Seems like Mark’s audience must have...

Posted by William A. Jacobson on February 20, 2009 3 Comments
There’s an old saying on Wall Street that a bear market has not bottomed out until the last bull capitulates. News flash. The last bull has capitulated. Me. I’m a true believer in capitalism and markets. There is no better measure of what an item...

Posted by William A. Jacobson on February 11, 2009 1 Comment
Now I know for sure what Congress and the Obama administration think of us. Reports indicate that the “compromise” stimulus bill will be $789,000,000,000. Why that number? Because it’s not $800,000,000,000. Whew, that makes me feel better. It’s not $800 billion. I’ll buy it. Think...

Posted by William A. Jacobson on February 10, 2009 2 Comments
At his press conference last night, Barack Obama singled out Elkhart, Indiana, as a place of special gloom and doom: I took a trip to Elkhart, Indiana, today. Elkhart is a place that has lost jobs faster than anywhere else in America. In one year,...

Posted by William A. Jacobson on February 09, 2009 8 Comments
Barack Obama held his first press conference as President tonight. With the “stimulus” plans on the table at the House and Senate, the press had an opportunity to show that it no longer was slobbering over Obama. The press failed. Not a single reporter challenged...

Posted by William A. Jacobson on January 22, 2009 5 Comments
Dramatic increases in domestic drilling were offered as the answer to many of our economic problems last summer when gas was approaching $4 per gallon. Even Democrats were forced to recognize the need to open up some offshore drilling, and pressure was building to drill...

Posted by William A. Jacobson on January 13, 2009 0 Comments
Barack Obama is about to propose a massive, trillion dollar stimulus package, the centerpiece of which is infrastructure projects. Large-scale infrastructure projects have a long history of cost-overruns, mob-influence through corrupt unions, and are not effective at long-term job creation. But that is not the...

Posted by William A. Jacobson on January 09, 2009 0 Comments
My home state of Rhode Island has been asleep at the wheel when it comes to grabing proposed federal instrastructure stimulus dollars. Although it has been known for weeks if not months that Barack Obama was ready to throw hundreds of billions of dollars at...

Posted by William A. Jacobson on December 09, 2008 5 Comments
Illinois Governor Rudy Blagojevich has been indicted [correction 12/14/2008 – charged in a criminal complaint] for many offenses. While the press has focused on the attempt to sell Barack Obama’s open Senate seat, there is a more important aspect of the indictment as relates to...

Posted by William A. Jacobson on December 08, 2008 1 Comment
The stimulus plan proposed by Barack Obama focuses on public infrastructure projects, which have a long history of cost overruns, corruption, and construction incompetence. Public infrastructure construction and maintenance is important, it’s just not an efficient use of funds if a quick economic stimulus is...
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