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Category Archives: Economy

Joe’s Plan for the Future

If I were emperor of the U.S. I could come up with a plan that outperform anything the President could accomplish in five years and have it implemented in five days. It’s really simple:

I’m not going to make it that easy for you – Go. Read.

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Posted by on March 15, 2013 in Economy, Politics

 

Economics for Dummies

Tam lays it out plain and simple, this time with more facepalm!

When gas is up, it’s inflation. When bread and milk is up, it’s inflation. When gold is up, it’s inflation. When the average price of anything goes up, it’s a sign of inflation…

Except stocks. When the average price of stocks goes up, it’s because the economy is strong.

 
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Posted by on March 12, 2013 in Economy, Eyes+Sharp Stick

 

I Smell BS!

The Teflon President said that he would veto any effort to bypass the sequester, should Congress not come up with the spending cuts necessary to prevent it.

This was HIS idea. I really hope that the sequester hits. The cuts will hurt and they are necessary. Sure, he’ll find a way to pin this on Republicans, because Republicans are stupid and will allow themselves to be blamed. The media will help to make sure that POTUS takes no accountability for his idea.

Democrats will continue to cry doom and gloom, and fail to pass a budget. It will be more of the same. Blah.

 

Representatives vs. Dictators

First, Nancy Pelosi said, “We have to pass the bill before we know what’s in the bill.” We’re all seeing how that is turning out. Then, Colorado Democrats told their constituency, “We’re going to vote on these bills and hear public comment afterward.” Colorado’s House has now passed a magazine ban, by narrow margins.

Magpul has threatened to leave the state if the ban passes. I know Utah would love the $85 Million in taxable revenue. We have the workforce and our tax incentives should be a good fit. Come on over, Magpul!

Anyway, answer me one quick question: at what point do representatives become dictators?

 
 

Why the budget mess won’t matter

Sequestration was already kicked down the road once. Congress has not passed a budget in 4 years. We’re about to have a fight over the debt and raising the debt ceiling, again.

And so Congress and Obama don’t matter

From this perspective, the inability of governments — in Washington, along with Athens, Rome, Lisbon, London, Madrid, etc. — to come up with plans to stimulate their economies is not only an abdication of responsibility for putting in place fiscal policies that would address current economic woes but also a guarantee that central bank balance sheets will continue to expand.

If the one thing that the financial markets fear is the end of central bank stimulus, the political dysfunction in Washington makes that end less likely. If Washington is gridlocked and can’t even agree on a budget for the federal government, that just pushes more responsibility for the economy onto the Fed.

Sad and true.

 
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Posted by on February 5, 2013 in Economy

 

But We Have to Do SOMETHING!

Dennis Prager posted this article on Facebook. I’m reposting here because I enjoyed it and I think you might.

In this article, SPIEGEL, a German news magazine, interviews James Shikwati, an African economist who wants the the foreign aid to stop. My liberal friends will say, “This guy is crazy!” while my conservative friends will say, “Duh. We’ve been saying this for years!”

This is the money quote for me:

SPIEGEL: Would Africa actually be able to solve these problems on its own?

Shikwati: Of course. … Africa existed before you Europeans came along. And we didn’t do all that poorly either.

Go. Read. Comment.

 
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Posted by on January 4, 2013 in Economy, International

 

Taxing and Spending

If Obama wants to return to Clinton-era tax rates then we should return to Clinton-era spending levels.

“Raise Taxes To Clinton-Era Levels? How About Spend At Clinton-Era Levels?” – Forbes http://onforb.es/VaNHvO

 
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Posted by on December 31, 2012 in Economy, Politics

 
 
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