Economics
Lee Iacocca: Where’s the Outrage?
Jim Sinclair’s MineSet | Lee Iacocca | Dec. 20, 2008
Lee Iacocca writes: Am I the only guy in this country who’s fed up with what’s happening? Where the hell is our outrage? We should be screaming bloody murder. We’ve got a gang of clueless bozos steering our ship of state right over a cliff, we’ve got corporate gangsters stealing us blind, and we can’t even clean up after a hurricane much less build a hybrid car. But instead of getting mad, everyone sits around and nods their heads when the politicians say, “Stay the course.”
Stay the course? You’ve got to be kidding. This is America, not the damned Titanic. I’ll give you a sound bite: Throw the bums out! [Read more…]
Postponing Reality
Townhall.com | Thomas Sowell | Dec. 17, 2008
The current bailout extravaganza is applying the postponement of reality democratically– to the rich as well as the poor, to the irresponsible as well as to the responsible, to the inefficient as well as to the efficient. It is a triumph of the non-judgmental philosophy that we have heard so much about in high-toned circles. […]
Some of us were raised to believe that reality is inescapable. But that just shows how far behind the times we are. Today, reality is optional. At the very least, it can be postponed. [Read more…]
Blame me for job losses
American Thinker | C. Edmund Wright | Dec. 11, 2008
When the jobs report for November came out last week, many so-called “experts” were shocked at the massive loss of an estimated 533,000 jobs. Even a Time /CNN organization called “The Curious Capitalists” were at a loss to explain it.
Let me attempt to help out these “curious capitalists” (though I am still skeptical that anyone working for CNN or Time is either curious or a capitalist). I caused part of this job loss and I know precisely why; the election. The results portend big trouble for small business. [Read more…]
Marching Orders, Upcoming Obama Executive Orders
It’s not even day one of Obama’s presidency but the promised actions of our future Marxist in Chief will spell disaster for this country.
Investor’s Business Daily | Nov. 10, 2008
President-elect Obama isn’t planning to wait for Congress to pass his agenda. On Day One, he plans to rescind Bush executive orders on everything from embryonic stem cell research to offshore drilling. [Read more…]
Free markets did not cause this crisis
Acton Institute | Oskari Juurikkala | Oct. 29, 2008
Many assert that the ongoing financial crisis was caused by rampant capitalism and free-market economics. I disagree – not because I’m a hard-nosed conservative or a reckless libertarian, but because it’s the conclusion one reaches by a reasoned analysis of the facts.
There are at least three distinct but related reasons for the crisis: the culture of greed and consumerism, irresponsible monetary policy, and misregulated financial derivatives. Are they rooted in free-market principles? Let’s see. [Read more…]
Obama’s Adam Smith Problem
American Thinker | Ed Kaitz | Nov. 1, 2008
Barack Obama has advanced the astonishing thesis that by “spreading the wealth around” he’ll somehow create a more benevolent society. But we’ve seen above that since benevolence can never be extorted by force the only thing Obama will succeed in doing is spreading suspicion, resentment, and poverty – the condition of any society whose lawmakers “push too far.” A vote for John McCain on Tuesday can help keep America in the good hands of the humble yet brilliant Scottish economist who, in his race to develop a solution to the problem of scarcity, never lost sight of man’s most important virtue: freedom. [Read more…]
Obamanomics
American Thinker | Amil Imani | Oct. 25, 2008
Obama’s economic plan is a recipe for long-lasting disaster. Keep in mind that wrecking anything, as opposed to building things, requires very little time and effort. Obama’s plan is deceptively attractive, while in reality it is a huge wrecking ball that will capsize the already listing ship of our economy. Here is a partial list of reasons why. Judge for yourself. [Read more…]
Obamanomics Abhors the Free Market
DavidLimbaugh.com | David Limbaugh | Oct. 23, 2008
For Obama Kool-Aid guzzlers who believe Joe the Plumber was a premeditated Republican plant to trap Obama into admitting his communist inclinations (even though Obama approached Joe, not the other way around), I refer you to Obama’s history of similar utterances in favor of soaking the rich.
In June, Obama said he’d designed his tax and spending policies to deal, in part, with the challenge of our “winner-take-all” economy, where the gains from economic growth skew heavily toward the wealthy. “A strong government hand,” he said, “is needed to assure that wealth is distributed more equitably.” He said he’d seen “no evidence” that tax cuts, particularly on business, spurred growth, calling the idea “flawed economics.” He must be unfamiliar with the Kennedy, Reagan and George W. Bush years, pre-financial crisis. [Read more…]
Banks Admit Bailout Won’t Work
Clusterstock.com | Henry Blodget | Oct. 17, 2008
So much for that story. A few days ago, when Hank Paulson called the heads of the nine families to Washington and shoved cash down their throats, he announced that the banks would use this new taxpayer cash to lend. They won’t, of course. They’ll hoard it like a starving family who has just been given a grocery cart full of food.
And after a few days of silence, even the banks are finally admitting that. So it’s back to the drawing board for Paulson & Co. [Read more…]