With a record growth of the debt, it has become a central topic of the campaign. The Republicans prominently displayed a ticking debt clock at their convention to remind voters of the debt crisis looming. Their focus is misguided. Debt
Read More
It’s the Economy, Stupid How well James Carville summed up the election strategy that propelled William Jefferson Clinton to victory over George H. Bush. Only a year before the election Bush had a 90% approval rating after the success of
Read More
John Merline Writes in Investor’s Business Daily Income Inequality Rose Most Under President Clinton, 11/3/11 Excerpts: Meanwhile, during Clinton’s eight years, the wealthiest 5% of American households saw their incomes jump 45% vs. 26% under Reagan. The Gini index shot
Read More
Here is my two cents on the debt ceiling negotiations: It is a spending problem and it is a growth problem. Past solutions have delivered on tax increases but failed to deliver on spending cuts. It is clear that increasing
Read More
With the clarity of time we can look back at the brink of the collapse that hit us just prior to the last national election. In the midst of the collapse we were stunned and angry, and tended to blame
Read More
“Fannie and Freddie played the political game even more fiercely than their opponents, spending millions of dollars on armies of lobbyists on Capitol Hill. Each company was a revolving door for the powerful in Washington- both Republican and Democrat. Newt
Read More
Wall Street’s financial leaders have been paraded before Congress to explain their efforts to restore stability to our financial system. Obama has turned on the populist spigot to demonize Wall Street to justify bigger taxes and fees and hip shot
Read More
We clearly need financial reform. Yet Obama’s reckless, populist, anti-business pronouncements only serve to harden the prevailing attitude that business growth and job generation is just too risky. Financial reform should be thoroughly vetted and discussed in the appropriate House
Read More
There are those who see our financial problem as a moral failure. In one sense it is, but not in the sense those who wish to frame it in moral tones believe. To blame greed for the meltdown is simplistic
Read More
In politics, as in comedy, timing is everything. A program that works in one time or place may not work in another. Unions were able to raise wages and benefits in our major manufacturers after World War II largely because
Read More
Recent Comments