Many people don’t know what the Federal Reserve does, or even what it is supposed to do. To get bare bones, the Federal Reserve regulates how much money there is in the economy. The answer to the question “What is the Fed supposed to do?” is easy. Congress has laid out mission for the Federal […]
How Obama Makes Cuba Look Conservative
“Only government can provide the short-term boost necessary to lift us from a recession this deep and severe. Only government can break the vicious cycles that are crippling our economy—where a lack of spending leads to lost jobs which leads to even less spending, where an inability to lend and borrow stops growth and leads […]
Paris Hilton’s Drug War
Last weekend, the famous-for-nothing Paris Hilton was arrested for having cocaine in her purse. This fits perfectly with the narrative that American addicts are fueling the Mexican drug wars. Whether or not you are a Hilton fan (or, like me, you have no idea why she is famous), it can hardly be said that the […]
Obama’s Recovery Has Failed
The economy looks like it may be floundering again. What has all the stimulus bought for Americans? All the debt that has been piled on ($1.3 trillion in deficit spending this year alone, according to new CBO figures) has served to make future generations poorer, but done nothing to alleviate the problems of the here […]
Michelle Obama’s Spanish Castle Vacation
I don’t normally write about the First Lady. She is generally out supporting causes for children and gardening at the White House. But her Spanish vacation is too much to ignore. For those of you who haven’t seen or heard, the First Lady and her friends reserved upwards of 60 rooms in a five-star castle-like […]
U.S. Debt: A Crippling 3 Punch Combo
In boxing, a one-two punch is usually a left jab followed by a right cross. It’s effective and can be dangerous if you’re on the receiving end. Add in an uppercut to the chin and the fight could be over. In a new Congressional Budget Office (CBO) report[i], the CBO explains how the country was […]
Inflation You Can’t Even See
A Rasmussen poll this week found that 68% of Americans would rather have fewer mail delivery days if it meant keeping the price of a stamp down. Don’t they realize that cutting the number of delivery days implies a price increase itself? The price now includes six days of delivery. At 44 cents a stamp, […]
Debt Trap
When I was a child, my father would take me out into the forests, the fields and the swamps to check his trapline. We’d catch foxes, beaver, mink, and other fur-bearing animals. While I don’t trap anymore, I remember that the key to trapping is putting the trap between the animal and something it wants. […]
U.S. On the Borrowing Brink
Take a look at this chart. It’s a chart of the net lending or borrowing (borrowing in the case of the United States) that an assortment of countries did during 2009. Look at where the U.S. is on the graph (highlighted with a red arrow): second-highest borrowing, after Greece. Unless you’ve had your head under […]
Top 10 Races of 2010
This election cycle is full of races that could swing either way. Here is a brief synopsis of 10 I think are the most interesting, competitive, and consequential in the country. California – Senate Given Barbara Boxer’s championing of the left, it’s hard to imagine her having trouble in California, but her campaign isn’t running […]