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Short but sweet today. I saw that the head of Obama’s Council of Economic Advisers (soon to be departing head), Christina Romer, made an interesting comment on how to fix the economy. She said we need to cut taxes (good) and increase government spending (what?). Sometime you just have to shake your head. You would [...]
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One month in and we have our first bailout from the legislation that would prevent future taxpayer bailouts. I got it yesterday from the Morning bell. It is certainly interesting where the money went. This follows the bailout for the states that was in part paid for by new taxes on corporations and evidently cuts [...]
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Which is worse…Obama fundraising for Alex Giannoulias this week in Chicago or the Senate passing another $26 billion bailout for the states. In one case you have Obama supporting the corrupt Chicago political system that he was raised in (change?), and in the other you have the irresponsible and flawed economic philosophy of the liberal [...]
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For those following from yesterday, I mentioned that the Obama administration estimated that the Stimulus bill has encouraged around $280 billion in private investment. Their numbers are based upon the same flawed Keynesian model that their job numbers come from. The Federal Reserve has calculated that there is approximately $2 trillion in capital sitting on [...]
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Idea 8- Eliminate the Department of Education We sometimes forget that many departments of the federal government have not been around that long. The argument that we absolutely need these departments is quite ridiculous when you think about it. I believe that we would be better off as a nation if we got rid of [...]
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