President Obama’s spending plan is built on the assumption that lawmakers can resolve some hugely contentious issues — and it relies on a few well-worn budget tricks. The request he will deliver to Congress today proposes to provide what administration officials are calling a “down payment” on a major expansion of health care coverage for [...]
Archive for February, 2009
26 Feb
For those in Michigan: Friday Event – Received on Short Notice
February 25, 2009 FRIDAY EVENT – RECEIVED ON SHORT NOTICE Within this last week, CNBC’s Rick Santelli, reporting from the floor of the Chicago Mercantile Exchange, launched into a rant on nationwide television, complete with approving jeers from floor traders, heard around the world! View it here Grass roots Michiganders, including FairTax advocates together with [...]
26 Feb
Economic Recovery Requires Capital Accumulation, Not Government ‘Stimulus Packages’
This article is the second in a series of articles that seeks to provide the intelligent layman with sufficient knowledge of sound economic theory to enable him to understand what must be done to overcome the present financial crisis and return to the path of economic progress and prosperity. The first article in the series [...]
26 Feb
Remember the Constitution?
I’m having a hard time swallowing much more of the ridiculous television programming regarding our current economic crisis and the government’s fiasco of a stimulus. If I have to hear one more economist or executive editor of some financial rag or former Wall Street insider address the merits of the government’s stimulus using double talk, [...]
26 Feb
Double-Checking My Homework
It seems I’ve touched a nerve. The comments queue for my musing yesterday titled “Why I’ll Sit Out the Chicago Tea Party” was filled with people heaping invective on me because I said CNBC’s Rick Santelli failed to take a vigorous stand against bank bailouts, even as he gained fame for opposing homeowner bailouts. Au [...]
26 Feb
Set the Spin Cycle to ‘Race Agitate’
Sometimes a paradox will yield its meaning to someone willing to invest just a little thought. Take, for instance, the observation that a vacuum cleaner that sucks, doesn’t. Or consider the fact that it is impossible for someone to be the “most mediocre” in a given field, since that person would then excel at mediocrity. [...]
26 Feb
The Obamanians Are Wrong
The great failing of the Obama administration is that it is packed with people who show no apparent knowledge of the essential truths of liberal theory. That theory, which is the core of the American political contribution and the driving force of modernity itself, is that freedom is the foundation of and the reason for [...]
