Another good article by Moore… ======= If you really want to light the fuse of a liberal Democrat, compare Barack Obama’s economic performance after 30 months in office with that of Ronald Reagan. It’s not at all flattering for Mr. Obama. The two presidents have a lot in common. Both inherited an American economy in collapse. And both applied daring, expensive remedies. Mr.... Read more
Archive for the ‘Economics’ Category
Why Americans Hate Economics – WSJ.com
August 26 | Posted by mrossol | American Thought, Economics, Social EngineeringAnd why I like the WSJ… ==== By STEPHEN MOORE Christina Romer, the University of California at Berkeley economics professor and President Obama’s first chief economist, once relayed the old joke that “there are two kinds of students: those who hate economics and those who really hate economics.” She doesn’t believe that, but it’s true. I’m surprised how many students tell me economics... Read more
“Bad Macro” market
August 22 | Posted by mrossol | Debt, Economics, SocialismPull-n0-punches, Phil Town. Wow, this guy doesn’t mince words. Posted on 8/13/2011. =========== I recently mentioned that I got out because of technical signals and what I call “Bad Macro”. Here’s what Bad Macro looks like and why it matters: 1. Unemployment officially at 9%. Unofficially at 18%. Unemployed people may vote for more entitlements instead of for a candidate who wants to... Read more
More Failed Government Investment Isn’t the Answer
August 17 | Posted by mrossol | American Thought, Economics, Obama, Socialism, The LeftSome letters to the WSJ. Some great points! ============= “How to Close the Skills Gap” by Sens. Mary L. Landrieu and Patty Murray (op-ed, Aug. 10) highlights the troubling misconception that skills are not present in the American work force. The senators would score some high marks with roughly 40,000 literate, skilled, unemployed or under-employed ironworkers if they were to let us know... Read more
Lesson From Europe Take 2
August 17 | Posted by mrossol | American Thought, Economics, SocialismThe options and choices before Americans seem to become clearer and clearer. ==================== The real lesson from Europe,” wrote Paul Krugman in January 2010, “is actually the opposite of what conservatives claim: Europe is an economic success, and that success shows that social democracy works.” [Oh?] Here are some postcards from the social democracy that works. • In Britain, 239 patients died of... Read more
Tale of Three Thefts: China, Russia, and the US
August 9 | Posted by mrossol | Economics, Obama, Party Politics, Socialism, US CourtsRussia 2006 In December of 2006, Gazprom, the Russian energy monopoly, “accepted” control of Sakhalin-2 from Royal Dutch Shell. Sakhalin-2 is a drilling venture off Sakhalin Island in Russia’s North Pacific. Shell negotiated the offshore drilling rights with the Russian government to be Sakhalin-2’s owner and operator along with its two Japanese partners. In return, Shell agreed to invest $8 billion.... Read more
