Posts tagged 'Economics'

Bad Economic News Casts Further Doubt on Obama Administration

by @ Wednesday, July 21st, 2010. Tags: , , , , , , ,
Filed under Culture, Economics, Government

Two stories reported today confirm what many have said about the Obama administration not being interested in economic recovery, or perhaps may be intentionally harming the economy as I explain in an earlier post.
Obama Administration’s Actions in Auto Bailout Added to Unemployment, Audit Says
“At a time when the country was experiencing the worst economic downturn [...]

Numbers Are In: Government “Stimulus” Officially a Failure

by @ Thursday, July 8th, 2010. Tags: , , , , , ,
Filed under Economics, Government

As if there were any doubt. But true believers of Keynesian economics have total faith in the top down, government-knows-best solution to economic woes despite its dismal track record.
“Yeah, I think we can say the stimulus was a bust,” Stephen Moore, a Wall Street Journal editorial board member and the newspaper’s senior economics writer, tells [...]

Bogus Obama “Save or Create” Jobs

by @ Monday, July 20th, 2009. Tags: , , , , , , , ,
Filed under Economics, Government

At first, then candidate Obama said his administration would “create” jobs, which then slowly morphed into “create or save” once he became president. He repeatedly claimed the so-called stimulus was to already have saved or created at least 150,000 American jobs, and by boosting the stimulus spending he could “save or create” an additional 600,000 [...]

Massive Cap and Trade Tax Passes House: What to Expect Economically

Unfortunately, cap and trade is on its way to becoming a disastrous reality now that is has passed the House. Cap and trade will be the largest tax expansion in history and is destined to destroy millions of jobs, increase the welfare rolls, greatly lower our standard of living, and do next to nothing for [...]

Economic Failures Blamed on Capitalism – Needs More Regulation?

There has been a great deal of misunderstanding when it comes to capitalism these days due to widespread economic ignorance. Contempt for economic freedom is nothing new, but the attacks on capitalism increased ever since the economic meltdown. We’ve heard cries from the political left that capitalism doesn’t work, or needs massive government regulation. Perhaps [...]

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