Clinton Era Taxes and Clinton Era Spending »

by George Landrith

With the budget and fiscal crisis facing the United States and difficult economic times surely ahead for the foreseeable future, President Barack Obama has vociferously argued that Republicans must agree to tax increases. He argues for what he terms are modest tax increases on the wealthiest Americans that are equal to the tax rates during President Bill Clinton’s time in office. Why is Obama only interested in …

Fiscal Crisis: Failing the Details, Math and Leadership Tests »

by George Landrith

President Barack Obama repeatedly chided Mitt Romney’s budget plan during the presidential campaign on at least two grounds: (1) it lacked detail, and (2) the math didn’t add up. Perhaps, we should use these two standards to see how Barack Obama’s plan stacks up. There is more than a little irony in Barack Obama criticizing others for not providing details or for their math not adding up. …

Forward? No, we're going backward »

by George Landrith

President Barack Obama and Vice President Joe Biden never miss a chance to tell us that the economy is moving in the right direction. They claim they need more time to pull the nation out of the recession that began in 2008.

There are several problems with this line of argument. First, Obama said he would solve this problem in his first term and cut the deficit …

Chicago Bled Dry by Striking Teachers’ Unions »

by John Fund

The smartest parents in Chicago right now are those whose kids attend charter schools, private schools, or parochial schools. Those institutions don’t employ Chicago’s unionized public-school teachers, who went out on strike this morning for the first time in 25 years.

The coverage of the strike has obscured some basic facts. The money has continued to pour into Chicago’s failing public schools in recent years. Chicago teachers …

Saved GM? Really? GM is losing $49,000 on each Volt it builds »

by Bernie Woodall and Paul Lienert and Ben Klayman (Reuters)

Nearly two years after the introduction of the path-breaking plug-in hybrid, GM is still losing as much as $49,000 on each Volt it builds, according to estimates provided to Reuters by industry analysts and manufacturing experts.

Cheap Volt lease offers meant to drive more customers to Chevy showrooms this summer may have pushed that loss even higher. There are some …

Unemployment 8.1% as More Give Up Looking for Work »

The nation’s most recent jobs report disappointed again with an anemic 96,000 new jobs added in August. Just to keep up with population growth, the economy would need to add more than 130,000 jobs per month. The report estimates an 8.1 unemployment rate for August. “This is definitely a setback for the labor market and the economy,” said Michael Feroli, chief U.S. economist at JP Morgan Chase and a former …

America's Embarassing Energy Debacle »

by George C. Landrith

President Barack Obama has been criticized by both supporters and critics for making and then breaking too many campaign promises. Whether it was closing Guantanamo, ending the wars in Afghanistan and Iraq, allowing five days of public debate before signing legislation, slashing earmarks, or permitting no tax increases on those earning less than $250,000, President Obama has fallen far short of his promises. But there is …

Obamanomics is not working »

by George Landrith

Barack Obama is nearing the fourth year of his presidency and the economy continues to languish as evidenced by the fact that the unemployment rate “unexpectedly” shot back up and has been above 8 percent for his entire presidency.  The truth is there is nothing “unexpected” about our current economic woes.  In fact, for those who understand the fundamentals of economics, the current high unemployment rates are …

Are We Better Off? Business Publication Says No »

Economic Conditions: All weekend, Democratic party leaders kept fumbling their answer to a simple question: Are we better off than we were four years ago? There’s a good reason for that: We’re not.

It wasn’t until Monday that the campaign was able to figure out how to answer the question, with Obama’s deputy campaign manager, Stephanie Cutter, saying, “Absolutely.”

Obama’s argument is simple: The economy was headed for a second …

China's Approaching Implosion »

By: Dr. Miklos K. Radvanyi

From its genesis until its overthrow on February 12, 1912, imperial China was driven throughout its history by a permanent tension between the despotic state’s boundless hostility toward society and the violent anti-state sentiments of society.  The result of this uncompromising and—at times— merciless antagonism between the omnipotent state and the ruthlessly oppressed society was a political culture in which absolute power alternated between the …

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