The rest of the story… ============ DETROIT (AP) – General Motors rolled out the Chevrolet Volt two years ago with lofty sales goals and the promise of a new technology that someday would help end America’s dependence on oil. So it seemed like a good thing in August when sales of the $40,000 car set a monthly record of 2,800. But a closer... Read more
Archive for the ‘Economics’ Category
Desperately Seeking Middle-Class Taxes
September 6 | Posted by mrossol | Debt, Economics, Tax Issues“Truth in Lending?” ====== Democrats in Charlotte are pounding away at the savage budget cuts that Mitt Romney and Paul Ryan supposedly favor and their phantom plan for “raising taxes on the middle class,” as President Obama puts it. The truth is the opposite, but table that for a moment. The President seems not to realize his critique is really a scorching... Read more
Are Entitlements Corrupting Us? Yes
September 5 | Posted by mrossol | Economics, SocialismLong, but an important read. ============= By NICHOLAS EBERSTADT The American republic has endured for well over two centuries, but over the past 50 years, the apparatus of American governance has undergone a radical transformation. In some basic respects—its scale, its preoccupations, even many of its purposes—the U.S. government today would be scarcely recognizable to Franklin D. Roosevelt, much less to Abraham Lincoln... Read more
“We Have Lived Beyond Our Means”- Brown
August 31 | Posted by mrossol | Economics, Party Politics, The Left, UnionsUnions howl.. ==== In a long-overdue moment, governor Jerry Brown has finally admitted the obvious, the state’s pension system is broke and California Has “Lived Beyond Our Means”. Unions of course are howling at that obvious admission. California Governor Jerry Brown and lawmakers have reached a deal to raise public employees’ retirement ages, have them pay more into their pension accounts, and cap... Read more
Household Incomes:Negative $4,019
August 25 | Posted by mrossol | Economics, ObamaThe Presidential race is boiling down to one dominant issue: which party’s policies will do more to help the financially stressed American middle class. President Obama’s campaign theme is that Mitt Romney and the Republicans cater to the rich, while Mr. Obama cares about struggling families. He may care, but he sure hasn’t done much for them. New income data from... Read more
