the Economy
The immorality of liberalism
If you left behind a mountain of unfunded debt that your kids were forced to pay, so you could “enjoy your money” now, that would be immoral. What kind of parent would do such a thing?
Read MoreWinston Churchill praises capitalism
Can I put you on?
What do Elton John and Barack Obama have in common?
A song.
Today is the 44th anniversary of Mr. John’s first live album titled 11.17.70. It was recorded on November 17th, 1970, in the A & R Studios in New York and was broadcast live on radio.
This album was one of my first exposures to Mr. John’s music, and I was quite taken with it. I’m a piano player. Most of the rock music of the mid and late 60s was driven by the electric guitar. I like rock music that is driven by the piano. I like it even better when accompanied by strong melody…
Read MoreHillary forced to back pedal once again
For nearly six years, Keynesian economics has been put to the test.
The Obama administration has used “stimulus spending” with a profligacy that would even make Franklin Roosevelt blush. And yet it hasn’t worked.
Economic growth lags way behind typical economic recoveries. Same with the unemployment rate.
What is particularly damning is the employment rate which hovers around the abysmal levels of those sorry Carter years…
Read More“Economic patriotism”
The latest result of Obamanomics goes by the fancy name of “tax inversions.” What that simply means is a company domiciled in the U.S., say Burger King, gets fed up paying the highest corporate income tax in the world (see chart above) so they buy a Canadian company, let’s say it’s Tim Hortons, and move their domicile to Canada with their 15 percent corporate income tax rate.
You do the math: 15% Canadian tax vs. 35% U.S. tax.
Read MoreEconomic reality 101
How McDonald’s is reacting to coming minimum wage hikes
When Big Government forces private businesses to pay workers more than their skills are worth, workers either lose their jobs or new jobs are not created. In some cases, machines replace people.
Read MoreHow to kill jobs
The Obama administration touted last month’s news that 288,000 new jobs had been created.
Good news? Not when you dig just a little bit deeper. Full time jobs dropped by 523,000 jobs. Part time jobs increased by 800,000, which accounts for the net gain of 288,000 jobs.
Why has part time employment increased since Obama became president? Obamacare…
Read More"Illegal immigration is a good thing"
Illegal immigration helps people from Mexico and Central America. Why? Because they can find better paying jobs here than in their native country.
But, illegal immigration is good for the U.S. too. Why? Because it helps fill jobs that a lot of Americans don’t want.
But, and here’s the zinger, but the mutual benefit only works as long as the arrangement is ILLEGAL…
The economic 'war on women'
By Tom Quiner [youtube=http://www.youtube.com/watch?v=Pu5FHDo-a5c] The equal pay debate is a distraction from the real war on women. This is the claim of Abby McCloskey of the American Enterprise Institute. Watch the video above for three concise points she makes explaining the economic challenges facing women, challenges created by Washington.
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