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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...

Posted by William A. Jacobson on December 06, 2008 3 Comments
In his weekly radio address today, Barack Obama repeated his intention to stimulate the economy and “create” jobs through a massive public infrastructure program. As we have noted before, “[o]f all the concepts to help build the economy, Barack Obama has seized on the one...

Posted by William A. Jacobson on November 24, 2008 0 Comments
The Obama administration-in-waiting has devised a plan, still in its infancy in details but well developed in magnitude, to create millions of jobs through public infrastructure projects. Various Democratic leaders talk about a plan ranging from hundreds of billions of dollars to over a trillion....

Posted by William A. Jacobson on November 20, 2008 0 Comments
Pre-Election prediction by one of our nation’s most insightful commentators foresaw the devastating effects of an Obama victory, but no one listened: “The stock market will not rebound unless and until it is clear that we have a president-elect who believes in the markets. Someone...

Posted by William A. Jacobson on November 13, 2008 0 Comments
Think a change of administration only matters if the incoming President can pass legislation? Here is a list of Justice Department jobs from the “Plum Book” which are filled at the discretion of the President. While legislation is important, these positions and hundreds more, will...

Posted by William A. Jacobson on October 30, 2008 0 Comments
It has been a while since I have agreed with Thomas Friedman, but Mr. Friedman has a good observation on the economic forces which may lead to the collapse of the Iranian regime: Under Ahmadinejad, Iran’s mullahs have gone on a domestic subsidy binge —...
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