The Left cannot see it… ================ By JAMES FREEMAN Ever since Watergate, Washingtonians have responded to every political scandal by saying that “It’s not the crime; it’s the cover-up.” Perhaps they should develop a corollary for budget disasters: “It’s not the downgrade; it’s the White House reaction.” Stock-market historians may soon be debating which did more to drive yesterday’s sell-off: the Friday decision of... Read more
Archive for the ‘Debt’ Category
Stocks Hit by Obama Oration – WSJ.com
August 10 | Posted by mrossol | Debt, Liberal Press, Obama, The LeftAn Opportunity For Major Reform, If We Can Take It
July 27 | Posted by mrossol | Debt, Economics, ObamaCare, Party PoliticsSome thoughts on a July 19, WSJ article… =================== Emil W. Henry Jr.’s “America’s Debt-Ceiling Opportunity” (op-ed, July 19) clearly states what should be obvious to all: The federal government is extremely poorly run and ignores the basic rules of business economics and accounting. In fact, it often crosses the line into what would be criminal for the rest of us. As an... Read more
Damage Done
July 26 | Posted by mrossol | Debt, Economics, Obama, US DebtThoughts of John Melloy, Executive Producer, Fast Money: (7/25/11) In the eyes of China, the biggest foreign holder of Treasuries, the damage to this nation’s reputation as steward of the world’s safest asset may already be done, even if a last-minute agreement to raise the debt ceiling is hatched. The partisan infighting alone that’s brought the decision to the brink of... Read more
How Spending Cuts—Not Higher Taxes—Saved Canada
July 23 | Posted by mrossol | American Thought, Debt, Economics, Liberal Press, ObamaWhen Jean Chretien became prime minister in 1993, Canada faced a fiscal and economic breakdown. The government’s share of the economy had climbed to 53% in 1992, from 28% in 1960. Deficits had tripled as a percentage of gross domestic product over the prior two decades. Government debt was nearly 70% of GDP and growing rapidly. Interest payments on the... Read more
The End of the Growth Consensus
July 23 | Posted by mrossol | American Thought, Debt, Economics, Party PoliticsBy JOHN B. TAYLOR This month marks the two-year anniversary of the official start of the recovery from the 2007-09 recession. But it’s a recovery in name only: Real gross domestic product growth has averaged only 2.8% per year compared with 7.1% after the most recent deep recession in 1981-82. The growth slowdown this year—to about 1.5% in the second quarter—is... Read more
Forget About Black Swans, the One Floating Ahead is Neon
July 23 | Posted by mrossol | Debt, Economics, US DebtNot sure why I haven’t seen anything close to this article yet. Right on the money! Forget About Black Swans, the One Floating Ahead is Neon – WSJ.com. You’ve heard of black swans—events that are unthinkably rare, immensely important, and as unpredictable in advance as they are inevitable in hindsight. Now, with no one ruling out a default or downgrade of U.S.... Read more
