Another one bites the dust!

It’s hardly a surprise that the economic policies of President Obama haven’t gotten the county out of the economic doldrums; he and his administration have proved themselves to be absolutely rotten capitalist investors: Smith Electric Vehicles has suspended production By Steve Everly | The Kansas City Star | April 4, 2014 Smith Electric Vehicles, a …

Continue reading ‘Another one bites the dust!’ »

We told you so!

Breitbart notes the troubles in the Windy City: Chicago Mayor Rahm Emanuel Warns of Doubled Property Taxes to Fund Spiraling Pension Costs by Warner Todd Huston 12 Mar 2014 1236 Illinois has one of the worst pension messes in the nation as the cost of government employee benefits is sending state, county, and local governments …

Continue reading ‘We told you so!’ »

$30 trillion in stimulus

Patterico noted this article by David Howden is Chair of the Department of Business and Economics, and professor of economics at St. Louis University, at its Madrid Campus, Academic Vice President of the Ludwig von Mises Institute of Canada, and winner of the Mises Institute’s Douglas E. French Prize: Where’s the Austerity? Global debt now …

Continue reading ‘$30 trillion in stimulus’ »

The Commander-in-Chief and the Minimum Wage

We have noted previously Secretary of Defense Chuck Hagel’s President Obama’s proposals concerning military pay and benefits, but I have since taken the time to put together some numbers. President Obama wants to see the minimum wage increased from $7.25 per hour to $10.10 per hour by the end of 2015, in three steps of …

Continue reading ‘The Commander-in-Chief and the Minimum Wage’ »

A Commander-in-Chief who has failed in his duty

It’s no surprise that Defense spending was going to have to be cut. With the war in Iraq over, and our slow withdrawal from Afghanistan in process, we were simply going to need less. But this has your Editor more than a little annoyed. From USA Today: The budget calls for a 1% pay increase …

Continue reading ‘A Commander-in-Chief who has failed in his duty’ »

Not a budget, but a campaign document

The process we use for electing Presidents in this country is very heavily skewed toward picking the best campaigners, not the men who would make the best Presidents. For example, we place a tremendous emphasis on the performances in the debates, settings in which the candidates stand up, with no notes and no help, and …

Continue reading ‘Not a budget, but a campaign document’ »

€urosclerosis: Guess what? Austerity works!

It has been a while since we have addressed the crisis in Greece, the last article, €urosclerosis: Things are going to get better for Greece, coming last August, and now we see this from The Wall Street Journal: Greek Budget Surplus Beats Target Prime Minister Antonis Samaras Says 2013 Surplus Will Be Nearly Double Its …

Continue reading ‘€urosclerosis: Guess what? Austerity works!’ »

There are reasonable savings in the Defense budget!

From Military Times: Congress wants common camouflage uniform Dec. 12, 2013 – 06:00AM   |  By Andrew Tilghman, Staff writer Congress will try one more time to get the Pentagon to cease its uniform madness and adopt a common camouflage pattern for all four services. The compromise defense authorization bill for 2014 includes a provision that directs the Defense Department …

Continue reading ‘There are reasonable savings in the Defense budget!’ »

Economics 101: Detroit is failing because it had to fail

From The Wall Street Journal: Detroit Launches New Program to Repair Streetlights Nearly Half City’s 88,000 Lights Are Broken; New Authority Plans to Borrow Funds to Revamp System By Matthew Dolan | Dec. 8, 2013 6:50 p.m. ET DETROIT—On Harper Avenue, along a busy but dimly lighted commercial strip of shops and corner bars, James …

Continue reading ‘Economics 101: Detroit is failing because it had to fail’ »

Scam or no scam?

Your Editor begins by noting that he is always leery of any “compromise” between the Republicans and Democrats when it comes to the budget. Both sides say that they gae up something for the good of all, but such compromises usually turn out to be very unbalanced, and unbalanced toward the liberals’ advantage. From The …

Continue reading ‘Scam or no scam?’ »