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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We told you so! Another business is closing due to minimum wage increases.

From Twitter: San Francisco libs reap what they sow: Beloved bookstore closes thanks to mandatory minimum wage increase ==> http://t.co/cDl4iqGTDN — Michelle Malkin (@michellemalkin) February 3, 2015   And the story: Borderlands Books in SF announces closure, cites minimum wage increase By Michael Barba When San Francisco voters approved a minimum wage increase in the …

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Barack Obama, Loretta Lynch and the right to work

We may consider it to be an axiom: if President Obama nominates someone for an important federal position, that someone should never, ever be given a position of responsibility. Attorney General Nominee Defends Obama Immigration Changes WASHINGTON — Jan 28, 2015, 9:01 PM ET | By ERICA WERNER and ERIC TUCKER, Associated Press Confronting skeptical …

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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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Why should they work?

From The Wall Street Journal: Labor-Market Dropouts Are Staying Out Low Workforce Participation Rate, Amid an Improving Economy, Nags at Economists By Josh Zumbrun | December 28, 2014 2:10 p.m. ET A U.S. economy that suddenly looks healthy—50 straight months of job gains, best quarter of growth in 11 years—is falling short in a key …

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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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The left and the working class

From the Op/Ed page of The New York Times: Have Democrats Failed the White Working Class? By Thomas B Edsall | December 9, 2014 Why don’t white working-class voters recognize where their economic interests lie? Somewhat self-righteously, Democrats keep asking themselves that question. A better question would be: What has the Democratic Party done for …

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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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Lies, damned lies, and statistics

The left have been trying to tell us just what a great, great! job President Obama has been doing, and how underappreciated he is. One of their claims is that he’s pretty much whipped unemployment, with the official unemployment rate being down to 5.8%. From CNN Money: The New American Dream Exclusive: America’s part-time economy …

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The self-delusion of President Obama

From The Wall Street Journal: Obama Takes Blame for Party’s Midterm Rout President Says Administration Has Sometimes Struggled to Sell Its Ideas By Colleen McCain Nelson | Nov. 9, 2014 10:34 a.m. ET WASHINGTON—President Barack Obama took responsibility for his party’s poor performance in the midterm elections and said in a new interview that his administration has …

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