This guy did some homework and presents a lot of data and makes a good argument. ============ Lately, it has become particularly fashionable to bash private equity, especially among those workers in the employ of the state. The argument, in as much as capitalism can be summarized in one [long] sentence, is that PE firms issue excess leverage, making bankruptcy inevitable (apparently... Read more
Archive for the ‘Economics’ Category
Does Uncle Sam Do The Most “Offshoring”?
September 26 | Posted by mrossol | American Thought, Economics, Party Politics, The LeftThe 10% President
September 25 | Posted by mrossol | Debt, Economics, ObamaYep, 90% of the problem is someone else’s fault. ============ A question raised by President Obama’s immortal line on CBS’s “60 Minutes” on Sunday—”I think that, you know, as President, I bear responsibility for everything, to some degree”—is what that degree really is. Maybe 70% or 80% of the buck stops with him? Or is it halfsies? Nope. Now we know: It turns... Read more
GM discounted the Volt How Much!?
September 24 | Posted by mrossol | Debt, Economics, EnvironmentThe 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
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
