€urosclerosis: The Greeks are revolting!

From The Wall Street Journal: Syriza Poised for Victory in Greek Election Vote Results Could Determine Country’s Future as Eurozone Member By Nektaria Stamouli and Alkman Granitsas | Updated Jan. 25, 2015 12:25 p.m. ET ATHENS—Greece’s radical leftist Syriza party was poised to win a historic victory in national elections Sunday as exit polls showed …

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I is smarter than a Harvard professor!

Or maybe I’m just not as big a hypocrite! Your Editor has stated, on numerous occasions, that we can’t add 30 or 40 or 50 million people who couldn’t pay for insurance themselves to the insurance rolls without either increasing costs or decreasing services, or both.  All of those statements were on the old Common …

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In 2009, we told you that the best thing we could do for the economy was nothing at all. It looks like we were right.

From The Times of India: Japan’s Abe unleashes stimulus plan to spur growth AP | Dec 27, 2014, 06.53 PM IST TOKYO: Japan’s cabinet approved 3.5 trillion yen ($29 billion) in fresh stimulus on Saturday for the ailing economy, pledging to get growth back on track and restore the country’s precarious public finances. Prime Minister …

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Economics 101: Government cannot really control the economy, but it can waste a lot trying!

From The Wall Street Journal: Basic Costs Squeeze Families Health Care, Cellphones Eat Up Income, Leaving Less for Things Like Movies, Clothes By Ryan Knutson and Theo Francis | Updated Dec. 1, 2014 7:29 p.m. ET The American middle class has absorbed a steep increase in the cost of health care and other necessities as …

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The “Working Class” is deserting the Democrats

We have said it many times before: the Democrats cannot be both the party of the working man and the party of the nonworking man! From Gallup polls: Obama Approval Drops Among Working-Class Whites by Frank Newport PRINCETON, N.J. — President Barack Obama’s job approval rating among white non-college graduates is at 27% so far …

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I will not . . .

. . . go Christmas shopping on Thanksgiving day. Our Thanksgiving dinner is postponed until Sunday, because that’s the next day that no one in the family has to work. It’s perfectly understandable that my wife has to work today: she’s a registered nurse, and hospitals can’t close down for the holidays. But when I …

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Economics 101: In the end, only results matter, and the results of liberal economics are failure

From the Sacramento Bee: Census Bureau: California still has highest U.S. poverty rate By Dan Walters | dwalters@sacbee.com | 10/16/2014 11:25 AM | 10/17/2014 9:46 AM California continues to have – by far – the nation’s highest level of poverty under an alternative method devised by the Census Bureau that takes into account both broader …

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Economics 101: Eventually, you have to pay your bills!

Via msnmoney: Americans face post-foreclosure hell as wages garnished, assets seized Reuters | By Michelle Conlin | October 14, 2014 NEW YORK – Many thousands of Americans who lost their homes in the housing bust, but have since begun to rebuild their finances, are suddenly facing a new foreclosure nightmare: debt collectors are chasing them …

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Economics 101: Maybe going on strike for higher wages when your jobs are already being replaced by robots isn’t the wisest idea

From USA Today: Thousands of fast-food workers strike; arrests made By Bruce Horovitz, USA TODAY 6:47 p.m. EDT September 4, 2014 The fast-food industry suffered some image indigestion Thursday when more than 430 workers demonstrating for higher wages in dozens of cities were arrested, organizers estimate. Those arrested included Rep. Gwen Moore, D-Wis., in West …

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Economics 101: Labor Day and the American economy under President Obama

From The Philadelphia Inquirer: Five years after recession, American workers are scared, cautious, and worse off By Jane M Von Bergen, Philadelphia Inquirer Staff Writer | Published Monday, September 1, 2014, 1:08 AM When the phone call came, Anthony Reynolds, a big man with a ready laugh, cried like a baby.His ex-wife, living in Texas, …

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