Economy  (Page 10)

Milton Friedman v. Obama/Warren/Lakoff

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Posted by  ▪  Tuesday, July 31, 2012 at 9:40am 7/31/2012 at 9:40am

Today would be Milton Friedman’s 100th birthday.

I’ve played this video before, but it’s particularly timely in light of the “you didn’t build that” narrative which has become the foundation of the Obama campaign taken from Elizabeth Warren who took it from George Lakoff.

 
 
 

Obama’s vision of the state as master, not as servant

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Posted by  ▪  Wednesday, July 18, 2012 at 8:30am 7/18/2012 at 8:30am

As you know from the primaries, I’m no fan of John Sununu.

But when it comes to Obama’s complete lack of understanding and disdain for what makes this country’s economy work, Sununu got it right yesterday

Despite the media hoopla, tell me exactly what was wrong with this statement:

In a conference call with reporters, former...

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Berkshire Hathaway’s Munger: “Civilized people don’t buy gold”

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Posted by  ▪  Sunday, May 6, 2012 at 1:00pm 5/6/2012 at 1:00pm

This Friday Charles Munger of Berkshire Hathaway addressed the growing interest by Americans in investing in gold. Munger, Warren Buffett’s “right-hand man,” and the vice chairman of Berkshire Hathaway made his comments on CNBC:

Gold is a great thing to sew into your garments if you’re a Jewish family in Vienna in...

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The Obama Great Failed Recovery

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Posted by  ▪  Sunday, April 15, 2012 at 1:00pm 4/15/2012 at 1:00pm

What is known in the media and Obama campaign speak as The Worst Recession Since The Great Depression, or The Great Recession, is Obama’s excuse for everything.

It’s Bush’s fault, Obama inherited all our problems, etc.

The Bush Great Recession is Obama’s pass to pass the buck.

So keep in mind, and repeat endlessly through November...

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Caterpillar will build new plant outside Illinois due to negative business climate

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Posted by  ▪  Thursday, February 9, 2012 at 11:42am 2/9/2012 at 11:42am

Caterpillar has ruled out building a planned new plant in Illinois due to the negative business climate, via AP:

“Please understand that even if your community had the right logistics for this project, Caterpillar’s previously documented concerns about the business climate and overall fiscal health of the state of Illinois still would...

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Joe the Ford Buyer

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Posted by  ▪  Friday, September 16, 2011 at 2:46pm 9/16/2011 at 2:46pm

Would anyone consider it “unexpected” if a variety of federal governmental agencies subjected Ford to a regulatory colonoscopy because of this commercial, which has clear political overtones.  Of course, they will not phrase it that way, it will be to “save the environment” or “protect children” or some other pretext.

And the guy...

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“over 66 percent expect that the size of their workforce will either stay the same or decrease over the next year”

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Posted by  ▪  Friday, August 19, 2011 at 12:52pm 8/19/2011 at 12:52pm

Those are the findings of a survey of CEO’s by ChiefExecutive.net (h/t @billhobbs):

Unemployment numbers remain consistently high and CEOs are wary of future business conditions. In fact, chief executives are so pessimistic that over 66 percent expect that...

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If this is “halfway there,” can you imagine what “there” will be?

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Posted by  ▪  Thursday, August 18, 2011 at 10:23am 8/18/2011 at 10:23am

It’s hopeless with the current man at top.

Flickers of job hope quickly fade because there is a cloud hanging over the country’s economy and job growth:

The number of people who applied for unemployment benefits last week rose back
above...

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How bad must it be when banks don’t want your money

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Posted by  ▪  Friday, August 5, 2011 at 9:53am 8/5/2011 at 9:53am

This is a very curious development, via The Wall Street Journal:

Bank of New York Mellon Corp. on Thursday took the extraordinary step of telling
large clients it will charge them to hold cash.

The unusual move means some U.S. depositors will have to pay to keep big chunks of money in a bank,...

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Keep this quote handy

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Posted by  ▪  Thursday, August 4, 2011 at 8:44am 8/4/2011 at 8:44am

Because you are going to see an attempt by Team Obama and its friends in the media to blame the sluggish economy and paltry job growth on the Republican refusal to give Obama a clean debt ceiling increase.

And it already has started, with Paul Krugman claiming...

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Debt Ceiling Tweet of the Day

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Posted by  ▪  Wednesday, August 3, 2011 at 4:44pm 8/3/2011 at 4:44pm

An article titled With Debt Deal in Hand, When Does Geithner Quit? prompted this response from self-described liberal Prof. Dan Kennedy of Northeastern Univ. in Boston:

 
 
 

Unexpected Tweet of the Day

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Posted by  ▪  Thursday, June 23, 2011 at 6:51pm 6/23/2011 at 6:51pm

Unexpectedly:

More here.

 
 
 

Our President Really, Truly Does Not Understand The Economy

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Posted by  ▪  Wednesday, June 15, 2011 at 9:09am 6/15/2011 at 9:09am

And they complain that Sarah Palin is “stupid” and unfit to be President? 

Obama recently expressed a view of the economy in which technological innovation is viewed as a threat to jobs:

President Obama explained to NBC News that the reason companies aren’t hiring is not because of his policies, it’s because the...

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Palin Email Frenzy Media Participation Rate falling fast

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Posted by  ▪  Monday, June 13, 2011 at 3:55pm 6/13/2011 at 3:55pm

On Friday the media was in a complete frenzy to get Sarah Palin, enlisting a cast of thousands to scour the 24,000 pages of e-mails released by the State of Alaska.

As just about everyone now acknowledges, the major networks and print newspapers never devoted a fraction of the effort towards important...

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“Yes you can accept free money from the government.”

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Posted by  ▪  Thursday, June 2, 2011 at 12:50pm 6/2/2011 at 12:50pm

Maybe I should start a Gravitas Series, and invite Dr. Rube Goldberg to the opening ceremony.

The most brilliant minds in the world devised the housing double dip, and they didn’t even know it:

Housing’s Double Dip: Is the Government to Blame?

The S&P; Case-Shiller home price data for the first quarter of...

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Obama’s Great Experiment Is Ending Badly

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Posted by  ▪  Wednesday, June 1, 2011 at 12:49pm 6/1/2011 at 12:49pm

The great experiment devised by the most brilliant mind ever to occupy the Oval Office, the massive expansion of government and the piling on of debt and regulations, is not working:

U.S. companies hired far fewer workers than expected in May and output in the manufacturing sector slowed to its lowest level since...

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Now Is Not The Time To Play It Safe

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Posted by  ▪  Sunday, May 29, 2011 at 10:00am 5/29/2011 at 10:00am

Choices will have to be made soon, and chief among them is whether to tackle the debt problem head on and take the political risk, or not.

I don’t see it as much of a risk.  Obama will not be defeated unless front and center is the damage to...

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