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Economy Tag

So how are we supposed to have an "adult conversation" with a President and Demcoratic Party who view the fiscal mess as just another political game?Via Politico:Obama’s decision to avoid entitlements was instantly deemed as irresponsible. Progressive blogger Andrew Sullivan interpreted the message as “screw you,...

The AP (via CBS News) has a headline sure to warm the hearts of the Obama communications team:  High Taxes? Actually, They're at a 60-Year Low:Actually, as a share of the nation's economy, Uncle Sam's take this year will be the lowest since 1950, when...

Personal and national debt burdens are moving in opposite directions (charts via Bubble Meter, one of my favorite blogs).Household debt service payments as percentage of disposable personal income:Contrasted with federal budget deficit as percentage of GDP:--------------------------------------------Follow me on Twitter, Facebook, and YouTubeVisit the Legal Insurrection Shop...

Thanks to @DDsModernLife for pointing out this comment by reader A. Dumas, in response to my post Houdini Economics:--------------------------------------------Related Posts:SOTU Speech In One SentenceExclusive - First Draft of Obama's SOTU Speech Jewish History In One Sentence Follow me on Twitter, Facebook, and YouTube Visit the Legal Insurrection...

First draft of Obama's upcoming State of the Union Address, as edited by the White House communications team:My Fellow Americans, I have a plan, but I can't tell you about it because you are worried about jobs.  If I really cared what you thought about...

Needless to say, administration supporters will be touting that the unemployment rate released by the Bureau of Labor Statistics this morning dropped from 9.8% to 9.4%.  Politically, this is good news for Obama, at least in the short run.Dig just a bit deeper, and you...

"Generational Theft" is a term frequently used to describe the Democrats purchase of current entitlements and payouts to politically connected groups using borrowed money.  The consequences of these type of actions can be seen in Europe, where the younger generation is left hopeless.I focused on Greece...

Alfred Kahn has passed away.  As you travel during the holidays, shopping around for cheap airfares, you have Kahn to thank.  Kahn, a Professor at Cornell, was responsible for deregulating the airline industry.I realize all you kids think airfare competition always has been a fact...

China is ascendant so our administration wants us to emulate China's infrastructure investments and constructions, by building high-speed and light rail projects few will use and which will further drain state budgets.It will not last.  China's ascendancy, that is.  I agree with this analysis by...

I traveled extensively throughout the Soviet Union during the early 1980s, both with groups and on my own approved itineraries.  I also lived in Moscow, and had a chance to slip out of the ring road with Soviet friends into the countryside, which was not permitted...

The GM stock offering is being hailed as a huge success by the Obama administration:President Barack Obama says General Motors' plan to sell stock marks a major milestone not only in the turnaround of that iconic company, but of the U.S. auto industry as a whole....

I saw this coming from a mile away (actually, 17 months away).  I wish I had bet big money against this prediction made in June 2009:Anyone want to bet that there will be a cover story somewhere next year calling Obama the deficit killer?The prediction was...

That seems to be the question the media does not want to ask.  Instead, it all is about whether Republicans have taken a government shut down, or at least a refusal to lift the debt ceiling, off the table.This meme has it backwards.The Republicans in...

Need I say more to Barney Frank than Margery Egan says today in The Boston Herald:After 30 years, Barney Frank finally lost my vote.On election night, he lost my respect as well.Frank’s road rage acceptance speech was an out-of-body experience.There was the congressional king of...

...Sounds like a plan, to me.  And a campaign theme.-------------------------------------------- Follow me on Twitter, Facebook, and YouTube...

The National Bureau of Economic Research has declared that the recession ended, statistically speaking, in June 2009.  As reported by the L.A. Times:Reporting from Washington — The panel of economists that dates the nation's economic cycles declared Monday that the recession that started in December...

Via The Washington Post, a story about how 200 U.S. factory workers lost their jobs as part of the banning of incandesent light bulbs:The last major GE factory making ordinary incandescent light bulbs in the United States is closing this month...