On Tuesday [President Obama] stood in the Rose Garden . . . and announced the solution to our energy problems will be hunting down and prosecuting evil “oil speculators” who are responsible for driving up the price of gas in the U.S. . . . Before we go any further with this, perhaps we should ask, just what are “oil speculators”... Read more
Archive for the ‘Economics’ Category
Ryan and the Right
March 29 | Posted by mrossol | Debt, Economics, Tax IssuesToo logical for most on both the right and left to consider… ===== It’s no surprise that the White House has denounced Paul Ryan’s new House budget as the end of welfare-state civilization. The puzzle is why some conservatives are taking shots at the best chance in decades for serious government reform. A pair of freshman Republicans, Tim Huelskamp of Kansas and Justin... Read more
Warren Buffett vs. the profiteers of doom
March 5 | Posted by mrossol | American Thought, Economics“Its been right since 1776…” Well, Death and taxes – those are forever, but will Buffett be right about the USA? ========= MIAMI, Fla. (MarketWatch) — Buffy the Vampire Slayer, meet Buffett the Doom Slayer. (3/5/2012 The Oracle of Omaha, Warren Buffett, is firmly entrenched with optimists who believe the worst is over for both the U.S. economy and the stock market. “It’s a terrible... Read more
‘Stupid’ and Oil Prices
February 25 | Posted by mrossol | American Thought, Economics, ObamaWorth the read, although there should isn’t anything really that new if you think logically. ===== ‘The American people aren’t stupid,” thundered President Obama yesterday (2/24/2012) in Miami, ridiculing Republicans who are blaming him for rising gasoline prices. Let’s hope he’s right, because not even Forrest Gump could believe the logic of what Mr. Obama is trying to sell. To wit, that a) gasoline... Read more
Greek crisis .. it’s game theory
February 23 | Posted by mrossol | Debt, EconomicsBy Matthew Lynn LONDON (MarketWatch 2/23/12) — What movie should you watch to try and understand the torturous progress of Europe’s debt crisis? “Zorba the Greek,” maybe? “The Never-Ending Story,” perhaps? In fact, the best thing you could slot into the DVD player would be ‘A Beautiful Mind’, Ron Howard’s well-crafted film about the mathematical genius John Nash. The latest round of... Read more
