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Obamanomics Tag

Posted by William A. Jacobson on March 01, 2011 7 Comments

Two metaphors for where this country is heading under Obama:Low-flush toilets cause stink in San Francisco: "San Francisco's big push for low-flow toilets has turned into a multimillion-dollar plumbing stink. Skimping on toilet water has resulted in more sludge backing up inside the sewer pipes,...

Posted by William A. Jacobson on February 24, 2011 6 Comments

Thanks to Instapundit. for reminding me that it was just two years ago that Rick Santelli fired off the Rant Heard 'Round The World:It gets better with time, and applies equally to the public sector unions which expect taxpayers to subsidize pensions and benefits which...

Posted by William A. Jacobson on February 13, 2011 14 Comments

A number readers have written to me asking me to comment on the finding by a federal judge that the Obama administration is in contempt of court by maintaining a deep water new drilling moratoriam despite the court having rule such moratorium illegal:Judge Feldman was...

Posted by William A. Jacobson on February 09, 2011 13 Comments

Watching Sean Hannity's interview with Donald Rumsfeld last night reminded me of Rumsfeld's "known- knowns, known-unknowns, and unknown-unknowns" statement during a press conference in 2002.  I use this construct in class to describe how to build a legal case (you build it around the known-knowns, just saved...

Posted by William A. Jacobson on February 08, 2011 11 Comments

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...

Posted by William A. Jacobson on February 06, 2011 12 Comments

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...

Posted by William A. Jacobson on January 07, 2011 8 Comments

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...

Posted by William A. Jacobson on January 03, 2011 8 Comments

The nation's "debt ceiling" will need to be raised early in the next Congress to accomodate the new reality of trillion-dollar-plus annual deficits.The possibility that the Republican House will refuse to raise the debt ceiling is the favorite topic of discussion in the media and...

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 08, 2010 4 Comments

The tax framework is falling apart, as a substantial number of Democrats and a few Republicans start taking shots at various provisions unrelated to marginal tax rates.Once again, Obama has chosen complexity for the sake of complexity, a lot of moving parts and social engineering.There...

Posted by William A. Jacobson on December 08, 2010 17 Comments

One of the interesting aspects of the "framework" announced by Obama to prevent marginal income tax increases on anyone is that part of the quid pro quo demanded by Obama was a one-year 2% drop in the portion of social security (FICA) taxes paid by...

Posted by William A. Jacobson on November 22, 2010 9 Comments

One of the mysteries of political life is why the Democrats insist on playing class warfare even though the tactic has not worked in multiple elections (Virginia, New Jersey, Massachusetts, the November mid-terms) since Obama's election.A study, Inequality and the Dynamics of Public Opinion: The Self-Reinforcing...

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 16, 2010 13 Comments

James Pethokoukis wrote an interesting article the other day, Why Wall Street Should Fear Sarah Palin.Palinomics, embryonic as it is, seems to be rooted in “free-market populism,” a version of conservative thinking that is pro-market rather than pro-business. It says the role of government is...

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 12, 2010 8 Comments

Democratic Party leaders didn't get the message of Virginia, New Jersey and Massachusetts.There is no sign they received the message of November 2, either.Nancy Pelosi, fresh off her victory celebration, is in no mood to compromise on keeping tax rates from going up:House Speaker Nancy Pelosi (D-Calif.)...

Posted by William A. Jacobson on November 10, 2010 6 Comments

Because the administration's energy positions are scientific, based on real science, by real scientists not brainless folks driven by ideological considerations.Listen to the science!And if the administration doesn't like the science! it just, well, as reported by Politico:The White House rewrote crucial sections of an...

Posted by William A. Jacobson on November 07, 2010 4 Comments

This will serve as an update to my post last May about the construction of the Big, Unfair House, and the hope that it would be redistributed to me.The construction looks just about completed, at least on the outside.  Mighty fine looking home.Mighty fine, mighty big,...

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