May 13, 2008
Obama’s Excremental Economics
As prolongation of the 1930s Depression and stagflation in the 1970s demonstrated, Senator Obama’s announced policies are a prescription for economic disaster.
Keynesian economic doctrine, not under that name, but in substance, is back in the news in a truly menacing way. Senator Obama proposes to repeat the policies of Franklin Roosevelt’s New Deal that [...]
Nonsense ‘Survey’ Says Americans ‘Struggling in Life’
-By Warner Todd Huston
How about I ask you if you “feel” like you make enough money each year? Let’s say you make $48,000 a year, OK? (That’s the median household income in the US) You’ll likely tell me, then that you “feel” you need more. Now, from this, can I conclude that you are “struggling [...]
May 12, 2008
Tax Rebates Are a Losing Proposition Part 1 (2008-05-12)
Tax Rebates Are a Losing Proposition Part 1
(2008-05-12) by David John Marotta
Beginning this month until July, the government will issue over $100 billion in tax-stimulus checks, the equivalent of about 1% of annual consumer spending and some 70% of the country’s $14 trillion gross domestic product (GDP). The assumption is that we can spend our [...]
May 11, 2008
Slaves to the Welfare State
New Orleanians born and bred in the welfare-state seem honestly believe that they are not required to do anything to help themselves.
A large number of people, most of whom apparently are residents of New Orleans, have favored me with four-letter-word denunciations of The god That Failed New Orleans.
A common allegation was that I had written [...]
May 10, 2008
Questioning Pagan Gospel
A few things for the high priests of environmental paganism to ponder when they next forgather to worship their own egos.
Barton Bennett sent me a link for Dr. Walter Williams’s column reminding us how far from the truth is the junk science that flourishes like maggots in today’s cesspool of educational ignorance.
So far [...]
Obama Agrees to PROTECT Union Corruption, not Eliminate it
-By Warner Todd Huston
So, Barack Obama claims he is a reformer. He claims he wants to clean up Washington D.C. He acts as if he just wants the truth told to the people. Well, here is some truth. According to the Wall Street JournalBarack has promised the Teamsters that if they give him their support [...]
May 5, 2008
Is Hard Work ‘Asian Values,’ No Longer American Values? Hardly!
-By Warner Todd Huston
I always find it amazing when writers in the mainstream press seem to have so little knowledge of America and its history. Of course, I suppose that being blissfully ignorant of US history does help paper over their betrayal, substituting the feeling that they can maintain allegiance to American “ideals” as they [...]
May 4, 2008
Microsoft drops bid for Yahoo
Microsoft has announced it is dropping it bid to acquire one of their Internet competitors, Yahoo, after a three-month courting effort by Microsoft.
Microsoft chief executive officer, Steve Ballmer notified Yahoo chief executive officer, chairman and co-founder, Jerry Yang via a letter that Microsoft was dropping their bid for the Sunnyvale, California based search engine giant.
In [...]
May 1, 2008
First Quarter Review 2008
The first quarter of 2008 made the difference between well-designed portfolios and poorly designed portfolios obvious. Check your quarterly statement to see which category describes your portfolio.
You may hesitate to change your investment strategy even if you suspect performance is suboptimal. Perhaps you believe your current investment mix went down so much simply because of [...]
April 29, 2008
New York Times Attacking Textbook Makers, Veiled Attack on Capitalism
-By Warner Todd Huston
College textbooks are overpriced and something should be done. Why, Congress should even step in! That is the message that The New York Times wants us to understand and I can’t say it is, in and of itself, entirely the wrong message — save the whole bit about Congress stepping in, of [...]