Category Archives: Economy

They Already Have

Janet Daley in the Sunday Telegraph title her piece, “The West is signing its own death sentence.” I’m afraid that might have been better phrased in the past tense: What the West took from its defeat of the East was … Continue reading

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The Sad Truth

Mark Steyn: No danger of that. If (in Milton Himmelfarb’s famous formulation) Jews earn like Episcopalians but vote like Puerto Ricans, Americans are taxed like Puerto Ricans but vote like Scandinavians. We already have a more severely redistributive taxation system … Continue reading

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What Can’t Go On – Won’t

Michael Goodwin sees the problems democrats have made for themselves: Deficits exceeded $1 trillion in each year of his first term, and his combined debt is a staggering $5 trillion. It brings the nation’s total to $16 trillion, and the … Continue reading

Posted in Economy, Politics, Taxes | 1 Comment

What’s Over the Cliff

Beyond the fiscal cliff is the debt abyss: The actual liabilities of the federal government—including Social Security, Medicare, and federal employees’ future retirement benefits—already exceed $86.8 trillion, or 550% of GDP. For the year ending Dec. 31, 2011, the annual … Continue reading

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Le Déluge

Obama’s bureaucrats are about to unleash a deluge of new regulations:  • Health care. It begins with the Affordable Care Act, which has been in hibernation because it was the largest campaign liability. Since Election Day, the Health and Human … Continue reading

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Pessimism

Pessimism about the economic outlook for America is up among independents: Fifty percent of independent voters expect the economy to be weaker over the next year, according to a recent Rasmussen Reports survey. The percentage of unaffiliated voters with a … Continue reading

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Twinkie Killers

The unions did it: –Hostess paid out almost $100 million in health benefits for retirees last year, but over half of it covered workers who never had worked at Hostess.  The Teamsters’ onerous and antiquated “multi-employer pension plan” foists the … Continue reading

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Actually, It’s Worse

Gerri Willis says that Middle Class Americans can expect to lose a full half of their paychecks to taxes next year: Then there is the Federal Social Security and Medicare payroll tax of 13.3%. You pick up 5.65% while you’re … Continue reading

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Ho, Ho, No

A Very Merry Christmas to their union brothers and sisters from the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union. They just succeeded in killing Hostess. No mo Ho-Hos. A representative for the bakers union couldn’t be reached to … Continue reading

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Falling Apple

Apple stock is dropping like – well – an apple. Apple plunged to a six-month low Thursday as funds rushed to take profits on the stock before it’s too late. Shares are now off 25 percent since late September—shortly after … Continue reading

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Elections Have Consequences

Like a free falling stock market. Along with falling retail sales and threats of war in the Middle East. Tweet

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System Failure

What’s driving America under financially? The welfare state: Welfare programs tend to expand. Advocacy groups discover coverage “gaps.” Economic downturns understandably sow sympathy for the needy. Arcane eligibility rules are liberalized. In 2010, a fifth of food stamp recipients had … Continue reading

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You Didn’t Build That

But Obama did. The US has dropped out of the top ten list for most prosperous country for the first time since the index has been in existence. I would not read too awful much into this, since the think … Continue reading

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Obama’s Dismal Economy

The Wall Street Journal: Comparing this recovery from the bottom in June 2009 with previous rebounds continues to be very unflattering to Mr. Obama. Republicans on the Joint Economic Committee report that the typical growth rate at this stage of … Continue reading

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The One Chart That Shows Obama Must Go

This one chart says it all. This alone is reason to get the man out of office. His ‘recovery’ is a disaster for all Americans. With this many people not participating productively in the economy, we are heading for a … Continue reading

Posted in Appalling, Economy, Politics | 2 Comments