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Economy Tag

Posted by William A. Jacobson on January 26, 2010 1 Comment

The American Recovery and Reinvestment Act of 2009 (ARRA), commonly called the Stimulus Plan, is widely discredited as having done little to stimulate private sector job growth.But one thing the Stimulus Plan has created is long-term deficits. The Congressional Budget Office just released a budget...

Posted by William A. Jacobson on January 01, 2010 5 Comments

As I posted earlier, the key elements in "green" technology are rare metals mined mostly in China. The green economy envisioned by the Obama administration as the means by which we will grow "green jobs" and lessen our dependence on foreign oil in fact simply...

Posted by William A. Jacobson on December 05, 2009 3 Comments

Barack Obama has changed his plans and now will be attending the last day of the Copenhagen climate change conference, which is viewed as a significant signal that some sort of "deal" may be in the offing:A couple of hours ago, the Obama administration announced...

Posted by William A. Jacobson on November 28, 2009 7 Comments

Politico is fast replacing The New York Times as my favorite source of screen shots. Of course, nothing yet approaches the NY Times' Nude Swiss Hikers screen shot, but give the new media time. For now, be satisfied with this ultra-obvious Politico headline: While...

Posted by William A. Jacobson on October 11, 2009 2 Comments

There is one supreme Democratic idiocy in the health care debate which has not received enough attention. The entire focus of the Democratic proposals -- whether HR3200, the Senate HELP Committee bill, the Baucus Concepts, or the Obama non-plan -- is to increase the cost...

Posted by William A. Jacobson on October 07, 2009 6 Comments

A slow awakening of our reality is sinking in on many fronts. One of those realities is that we have moved ever more drastically from a nation led by doers to a nation led by non-doers.Some formulate this as The Doers vs. The 'Thinkers' but...

Posted by William A. Jacobson on October 05, 2009 6 Comments

Barack Obama is fiddling on his grand plans to remake the U.S. health care and energy systems, while our economy and our position in the world burn. The most recent evidence of the harm being caused by our fiddler-in-chief is the move internationally to abandon...

Posted by William A. Jacobson on September 12, 2009 7 Comments

A movement is growing in Britain to slash government spending rather than impose tax increases, according to the Sunday Times:Voters are overwhelmingly in favour of cutting public spending rather than tax rises to close the budget black hole, a Sunday Times/YouGov poll finds today.Sixty per...

Posted by William A. Jacobson on August 09, 2009 4 Comments

The much ballyhooed Cash for Clunkers program has had the unintended consequences of driving up the cost of new and used vehicles and used auto parts, according to independent studies of the auto markets. The Cash for Clunkers program demonstrates the danger of government trying...

Posted by William A. Jacobson on August 07, 2009 1 Comment

The big economic news of the day is that the unemployment rate dropped one-tenth of one percent. The Obama administration is hailing this as the start of a turnaround and a sign that the stimulus spending is working, something of the end of the beginning...

Posted by William A. Jacobson on June 22, 2009 9 Comments

Want to laugh out loud? Read "Barack Obama, Deficit-Slayer" by Matthew Yglesias: As the economy recovers, tax revenues will rise, social safety net outlays will fall, and stimulus measures will begin to tamp down. If we can assume further growth in 2011, the complete expiry...

Posted by William A. Jacobson on June 20, 2009 6 Comments

(h/t MAinfo) -------------------------------------------- Take a look at Remember "Ahmadinejad Won. Get Over It." and Iran Election Fraud Truthers Emerge Follow me on Twitter and Facebook ...

Posted by William A. Jacobson on June 12, 2009 1 Comment

Visualizations seem to be multiplying under the Obama administration, because it is so hard to fathom just how fast and far Obama is planning to increase the national debt. Since trillion has become the new billion, it makes sense to visualize that the Obama debt...

Posted by William A. Jacobson on May 20, 2009 10 Comments

We are in the process of nationalizing and/or federalizing vast stretches of our economy, including the auto industry, banks, and health care. Individual property rights have taken a back seat to political priorities.I am against this trampling of individual property rights, which are the foundation...

Posted by William A. Jacobson on May 14, 2009 5 Comments

Critics, including me, of Obama's economic plans have made the point that the unprecedented huge deficits necessary to pay for expanded health insurance coverage, college education guarantees, the present and future "stimulus" plans, infrastructure projects, budget expansion, financing and operational takeovers of the auto industry...

Posted by William A. Jacobson on April 29, 2009 25 Comments

It would be very easy to fall into a depression over Arlen Specter switching political parties, giving Democrats a likely filibuster-proof Senate majority. The result will be that Obama will be able to push through much of his agenda without meaningful debate.Not that I will...

Posted by William A. Jacobson on April 20, 2009 22 Comments

The Financial Times reports that banks and other financial institutions which received TARP funds may not be allowed to repay the loans. Yes, that is correct:Strong banks will be allowed to repay bail-out funds they received from the US government but only if such a...

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