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Economy Tag

Posted by William A. Jacobson on December 28, 2010 4 Comments

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...

Posted by William A. Jacobson on December 25, 2010 15 Comments

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...

Posted by William A. Jacobson on December 16, 2010 47 Comments

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...

Posted by William A. Jacobson on November 18, 2010 9 Comments

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....

Posted by William A. Jacobson on November 13, 2010 15 Comments

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...

Posted by William A. Jacobson on November 08, 2010 16 Comments

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...

Posted by William A. Jacobson on November 04, 2010 23 Comments

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...

Posted by William A. Jacobson on September 22, 2010 2 Comments

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

Posted by William A. Jacobson on September 20, 2010 8 Comments

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...

Posted by William A. Jacobson on September 08, 2010 12 Comments

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...

Posted by William A. Jacobson on August 25, 2010 7 Comments

The credibility of the Congressional Budget Office suffered a grievous blow during the health care debate when the CBO was forced by Harry Reid to "score" Obamacare using preposterous and plainly contrived assumptions in order to keep the cost estimates below a trillion dollars.Now, the...

Posted by William A. Jacobson on August 22, 2010 3 Comments

Mission accomplished.  We're just like Europe, at least in terms of Gross Domestic Product per person (emphasis mine):For quite some time, the US and the leading EU countries have been fairly comparable in terms of output per hour worked. The US has had higher output per person...

Posted by William A. Jacobson on August 21, 2010 1 Comment

In a story today at Politico, Harry Reid's strategy: Winning ugly, Reid makes one of his favorite points in responding to Sharron Angle's assertions that Reid bears at least some responsibility for the economic decline in Nevada:Reid contends that if Angle attacks him on the...

Posted by William A. Jacobson on August 08, 2010 9 Comments

The image of Obama as King (via Instapundit) has been inspired by Michelle Obama's over-the-top journey to the coast of Spain, the latest in a line of seemingly imperial indifferences to optics in these difficult economic times.The Daily News compared it to the royal court...

Posted by William A. Jacobson on August 05, 2010 22 Comments

Nothing would surprise me anymore.Some are expecting an "August Surprise" in which Democrats would propose that Fannie Mae and Freddie Mac write off hundreds of billions in mortgage debt owed by people who are under water (i.e., they owe more than the house is worth).Call...

Posted by William A. Jacobson on August 01, 2010 25 Comments

Allowing people to keep more of what they earn is a horrible giveaway tantamount to welfare for the rich, rendering anyone who would suggest such a thing evil and greedy.That attitude is the fundamental public policy prescription of the Democratic Party and supportive economists, as...

Posted by William A. Jacobson on July 19, 2010 1 Comment

Chalk this one up to the category of jobs destroyed by Obama (emphasis mine):The Obama administration’s push to accelerate General Motors Co. and Chrysler Group LLC dealership closings, aimed at helping the companies compete, may not have been necessary and added to unemployment, a U.S....

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