Bookworm on Oct 22 2008 | Filed under: Economics
I’m no economist, but I can do basic math, and I’ve watched European countries over the last 40 years. I figured out that taxing 50% of the country so that it supports the other 50% is a mistake. Adam Lerrick uses intelligent language to explain why.
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Bookworm on Oct 05 2008 | Filed under: Economics
The worst may be yet to come, but before the panic reaches an altitude from which there is no recovery, keep the following in mind (with thanks to Mike Devx, who gave me the idea).
Re 1997, from Wikipedia:
In financial markets, Black Monday is the name given to Monday, October 19, 1987, when stock [...]
Bookworm on Oct 02 2008 | Filed under: Barack Obama, Economics, John McCain, Sarah Palin
I’ve watched almost all of the debate, but it’s bedtime now, and I’ll have to save the rest for later. Three comments:
1. The first, the most obvious, and the most pressing question: How many botoxes did they kill to create that abnormally smooth, completely motionless forehead Biden was sporting? That was creepy.
2. Was I the [...]
Bookworm on Sep 26 2008 | Filed under: Uncategorized
Normally, I’m entirely on board with the theory that “that government is best which governs least.” Normally, I fear last minute bail-outs, especially those from a Democratically-dominated Congress.
But the world economy is a different animal. When thinking of it, it’s worth thinking also of Roosevelt’s warning that “the only thing we have to fear is [...]
Bookworm on Sep 25 2008 | Filed under: Democrats, Economics, John McCain
I’m no Sondheim fan, but he did get the psychology of blame down well in a song from Into The Woods that has the constant refrain “It’s all your/his/her fault.” It’s human to assign blame.
Sometimes, though, assigning blame is easy, and with the current economic crisis, history shows us that the largest part of the [...]
Bookworm on Sep 25 2008 | Filed under: Barack Obama, Economics
You’ve got to love an economics video that uses ABBA for its background music. You’ve also got to love an economics video that uses very simple language to show that Obama has been a very good friend to Fannie and Freddie, and they’ve loved him back, to the profound detriment of the American people:
http://www.youtube.com/watch?v=AiEWCnpNnBQ
Incidentally, I [...]
Bookworm on Sep 18 2008 | Filed under: Barack Obama, Economics, Immigration, Taxes
Governments tax people. They always have. A good question to ask, though, and one we haven’t seen asked lately is — what’s that money for?
The Founders had an idea about what taxes were for. In the Constitution Art. I, Sec. 8, they spelled out the purpose behind taxes:
The Congress shall have Power To lay and [...]
Bookworm on Sep 18 2008 | Filed under: Barack Obama, Economics, John McCain
At Iowa, McCain “gets in your face” mano a mano (that is, he doesn’t delegate his surrogates, but gives a speech to America, Obama included), and he focuses on the facts. This is a very concrete speech, which appropriately boasts his virtues and clearly exposes Obama’s failings:
U.S. Senator John McCain will deliver the following remarks [...]
Bookworm on Sep 15 2008 | Filed under: Barack Obama
Suitably Flip is remarkably brilliant in analyzing Barack Obama’s first response to the economic problems plaguing Wall Street right now. Go here and get good red ink visuals showing that Obama’s grasp of this problem is about as strong as his grasp of the Russia/Georgia situation was in the first instance.
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Bookworm on Sep 07 2008 | Filed under: Barack Obama, Economics, Taxes
Wow! Unless I’m very confused, beneath all the O-babble here, Obama is conceding that low taxes benefit the economy:
Democrat Barack Obama says he would delay rescinding President Bush’s tax cuts on wealthy Americans if he becomes the next president and the economy is in a recession, suggesting such an increase would further hurt the economy.
Nevertheless, [...]
Bookworm on Aug 02 2008 | Filed under: Barack Obama, Britain, Economics, England
When I was at Berkeley, I had only a few decent professors. One of them (who was really wonderful) taught a British history class covering the period from 1760 to WWII. He taught us that the Industrial Revolution, though it started in England, petered out. It lacked the ferocity and longevity that characterized the American [...]
Bookworm on Jun 20 2008 | Filed under: Barack Obama, Economics
Lawrence Lindsey explains in language even a numerophobe can understand precisely why Obama’s Social Security proposal isn’t just mean-spirted, pandering and illogical, but is also disastrous for the American economy:
Although the formula connecting benefits to tax payments or “contributions” has evolved slightly over time, it still adheres to this basic message. Today, what Social Security [...]
Bookworm on May 03 2008 | Filed under: Barack Obama, Democrats, Economics
In keeping with my prior post, about the callous illogical shown in one of the Times’ most recent articles, I’d like to highlight Obama’s insistence on a “windfall profits tax” — another “bright” idea showing a rather typical Democratic refusal to recognize cause and effect, not to mention a willful refusal to acknowledge historic evidence:
You [...]
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