Economics 101: Profits = Revenue – Expenses, and taxes are an expense

From The Philadelphia Inquirer: Not always sunny: Wolf slams visit by Florida governor by Amy Worden, Philadelphia Inquirer Harrisburg Bureau | Last updated: Wednesday, February 18, 2015, 1:08 AM | Posted: Tuesday, February 17, 2015, 6:58 PM HARRISBURG – Florida Gov. Rick Scott is headed to Philadelphia on Monday – but he’s not coming north …

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€urosclerosis: Schadenfreude!

From The Wall Street Journal: ECB Suspends Greek Collateral Waiver for Regular Lending Facilities Move Deals Blow to Greek Government’s Attempt to Rewrite Bailout Terms By Brian Blackstone | Updated Feb. 4, 2015 5:18 p.m. ET FRANKFURT—The European Central Bank on Wednesday said it would no longer accept junk-rated Greek government debt as collateral for …

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€urosclerosis: The Greeks have revolted

From The Wall Street Journal: Syriza Victory in Greek Election Roils European Debate Over Austerity Leftist Party’s Win Is Likely to Embolden Populist Movements Elsewhere in Eurozone By Marcus Walker | Jan. 25, 2015 8:33 p.m. ET BERLIN—For five years, Europe’s common-currency bloc has squabbled over whether the solution to its economic crisis lies in …

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Frack, baby, frack!

One thing I love about the internet is that it is forever! Here’s the tweet that put me on the right path: Remember when Republicans were ridiculed for saying domestic drilling would lower gas prices to under $2/Gal? #tcot pic.twitter.com/WnilDxHves — Barney Franken (@BarneyFranken) December 13, 2014   Which I followed to the story, in …

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The most Pyrrhic of victories

Our good friend Jason Scott of the Delaware Liberal is just aghast that Senator Tom Carper (D-DE) has stated that he will support the Senate bill by hopefully-outgoing Senator Mary Landrieu (D-LA) to get the Keystone XL pipeline project approved. Stan Merriman added this comment: This support by Carper is an outrage. As a recent …

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Comment rescue: Jason Scott on the Delaware Liberal

Jason Scott, the primary host of the Delaware Liberal, was claiming that The US Middle Class hasn’t gotten a raise during Tom Carper’s tenure in Congress, not that Senator Carper could have done anything about it. In a comment, Mr Scott wrote: After all these years that realization just hit me as I was writing …

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Socialism in action!

The very fortunately late President Hugo Chavez was going to show all of us greedy capitalists just how superior socialism was! Venezuela’s Newest Shortage: Breast Implants Caracas, Venezuela — September 15, 2014, 8:45 AM ET — By Hannah Dreier, Associated Press Venezuela’s chronic shortages have begun to encroach on a cultural cornerstone: the boob job. …

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What the VA system did is what we can all expect under single-payer

As we noted before Memorial day, the Veterans’ Administration Hospital scandal does not surprise us in the slightest. But, naturally, the scandal keeps growing. From The Daily Beast: Last week, President Obama pledged to address allegations of corruption and dangerous inefficiencies in the veterans’ health-care system. But before the president could deliver on his pledge, …

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Economics 101: If you are not trained for a real world job, you shouldn’t be surprised if you can’t find a job in the real world

A couple of stories about economic reality: Two Texas Cities Lead the US in Income Growth by Kristin Tate | 30 April 2014 Fresh government statistics reveal that two west Texas cities, Odessa and Midland, are leading the nation in income growth. The U.S. Bureau of Economic Analysis found between 2008 and 2012, while many …

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The naïvete of the left

That silliness can occur on the Delaware Liberal website is pretty much a given, and is something I usually ignore,1 but sometimes they outdo themselves: Vladimir, Stop It. Just Friggin’ Stop It ! Filed in International by ProgressivePopulist on April 26, 2014 • 3 Comments Ok, Vladimir. Enough of the belligerence. Crimea was an outrage …

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