The recent report on the employment situation concluded that the unemployment rate in the United States has increased to 9.1%. The S&P Case-Shiller house prices index has fallen for nine consecutive months after a post-recession peak in the so-called “Recovery Summer” of 2010. Since then, the homes price index has fallen nearly 4%. The economy […]
Archives for June 2011
Textron Marine & Land’s Landing Craft, Air Cushion (LCAC) is the cornerstone of the U.S. amphibious modernization program and a revolutionary means for the U.S. Navy and Marine Corps to land at more than 80 percent of the world’s shorelines.
In many ways our country has never really recovered from the 2008/2009 economic debacle. The modest recovery that has emerged has come as the result of a historical running of the money printing presses by the Fed. It’s a scheme of monetary bribery. The administration in Washington is at sea and is a co-conspirator with the Fed and Congress in setting the stage for the current asset bubble and collapse in purchasing power of the dollar. What a disaster, and yet we are in but the early act of a multi-act, bad-ending financial play.
With interest rates now at about zero, the Fed is in a box, and, despite erudite public commentary to the contrary, really has little running room left. America is functionally leaderless. There is no chance the anti-business administration will do one darn thing to produce a turnaround. The broom needs to come out in 2012, with tea party candidates racking up big gains in the House and Senate. A powerfully backed tea party presidential candidate will easily unseat the current occupant of the White House. The little rub comes when you look at the lame roster of current White House pretenders.
I want to be clear here, President Obama was elected because of a perfect storm. Mr. Obama had that festering, watermelon-size target that was President George Bush to kick. Bless his soul, President Bush was a disaster, deserving of the unpleasantness heaped upon him by the Obama collectivist crowd. Moderate John McCain offered a grizzly option, leaving hard-hitting conservative radio talk show hosts to sit on their hands. No energy, no jazz was created.
This time around the collectivists have no Bush can to kick down the road. John McCain is, well, gone. America faces an official unemployment rate of 9.1%. Debbie and I and friends from Virginia are on a seven-state motorcycle tour. As I poll business owners along the way, it is becoming increasingly clear that Washington is cooking the books. True unemployment is far above the 9.1% admitted to by officialdom.
OK, America’s next president needs to be a card-carrying jobs-creator with a proven and visible record. After studious review, a shockingly good candidate emerges. And I doubt that either President Obama or former President Bush will be too captivated by my selection. I, of course, am leading up to—–
“I think President Obama is the most radical president this nation’s ever seen… I think he is a true believer in government control of the economy and of our everyday lives… In my judgment, we are facing what I consider to be the epic battle of our generation, quite literally the battle over whether we […]
America’s Job Creator in Chief It just keeps getting better and better in Texas, thanks to governor and potential 2012 Republican presidential candidate Rick Perry, who signed pro-business tort reform legislation last week—forcing loser-pays rules for groundless lawsuits. The state is already a leader in tort reform and job creation, making Rick Perry “America’s Job […]
In a piece titled Return of the Anti-Interventionist Right, Pat Buchanan quietly noted a change in Sarah Palin’s foreign policy comments toward a less-interventionist position. Pat also notes the removal of neocon Randy Scheunemann from Palin’s staff of advisors, replaced by
In Texas, the loser now will pay. Last Monday, Governor Rick Perry signed tort reform legislation that forces the loser to pay the legal fees if a lawsuit is brought that is judged to be groundless. That’s a big step that will protect many small businesses and individuals from the legal fees associated with defending […]
An olive, to many, is no more than a humble lump at the bottom of a martini. When FDR met with Winston Churchill and Joseph Stalin in Tehran, he offered each a “dirty martini:” two parts gin, one part vermouth, and a dose of olive brine. Roosevelt mixed one for Stalin’s foreign minister, Vyacheslav Molotov, […]
A Not So Smooth Landing The unfunded liability facing states across the country is much larger than is being reported, not only because investment-return expectations are too high, but also because of a simple accounting technique, called “smoothing,” that all but three states use to account for market performance. Simply put, states account for stock […]