These are the folks Europeans hope will come to their rescue… ============= By JOSEPH STERNBERG Among the many myths surrounding China’s economy, the biggest relates to how Beijing averted a recession after the global financial crisis. The government was quick out of the gate with a stimulus program running to the trillions of dollars, and growth in gross domestic product (GDP) didn’t dip... Read more
Archive for the ‘Socialism’ Category
The Phony Success of China’s Stimulus
October 27 | Posted by mrossol | American Thought, Economics, SocialismEurope and Its Money
October 9 | Posted by mrossol | Debt, Economics, SocialismThe German Bundestag voted last week to expand the European fund established last year to bail out Greece—or, rather, Greece’s creditors. In doing so, it also moved the euro zone one step further away from the bloc’s founding principle that its members would share a currency, but be responsible for their own fiscal policies within that currency zone. *** In the current... Read more
What Job ‘Training’ Teaches? Bad Work Habits
September 14 | Posted by mrossol | American Thought, Obama, Socialism, The LeftHere is another “isn’t this obvious” articles… =========== By JAMES BOVARD Last Thursday, President Obama proposed new federal jobs and job-training programs for youth and the long-term unemployed. The federal government has experimented with these programs for almost a half century. The record is one of failure and scandal. In 1962, Congress passed the Manpower Development and Training Act (MDTA) to provide training for... Read more
What Job ‘Training’ Teaches? Bad Work Habits – WSJ.com
September 13 | Posted by mrossol | American Thought, Economics, Obama, SocialismIf you believe otherwise, I would like to hear from you. ============= James Bovard: What Job ‘Training’ Teaches? Bad Work Habits – WSJ.com.
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The Labor Board Wants You
September 1 | Posted by mrossol | Obama, Socialism, The LeftYour President, your government at work for YOU! ========= Nothing like the end of a week in August with a hurricane on the way to bury another political favor for unions. When not telling U.S. companies where they are allowed to locate their operations, the National Labor Relations Board will now require them to display pro-organizing propaganda. The new rule issued last Thursday... 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
