Posts Tagged ‘economics’
Tanning tax flop…
Remember the tax His Oneness put on tanning salons? The one which was supposed to raise $200 million this year? Yeah, that’s the one, and it brought in a whopping $36.6 million in the first six months. Dear me, another economic forecast the Obama crew screwed up.
Overspending caused deficits…
Yeah, the Bush tax cuts contributed, but it’s the overspending that did it. Scott Hodge offers 2 charts which put it all in perspective. Jim Lacey runs the numbers on entitlement overspending.
Michael Tanner explains why tax increases won’t solve our budget problems. This chart provides a breakdown of income tax deductions.
Real headwinds…
Go here for a wonderful cartoon on the economic headwinds His Oneness has mentioned.
Economic conversations…
If you want to know why it’s so damned difficult to talk economics to progressives or liberals, Andrew Stiles has a marvelous post detailing Sen. Pat Toomey’s current dealings with Treasury Secretary Tim Geithner. It’s tangible proof that they are so caught up in their ideology they are simply incapable of rational thought.
Fiscal tomfoolery…
I adore Thomas Sowell’s random thoughts – reading them is like paging through miniature books on different subjects. In this selection, he sums up Washington thinking on jobs and tells you why it’s so wrong — all in a single paragraph consisting of two sentences.
Compare this to His Oneness without a teleprompter and remember that concise words flow from an orderly, disciplined mind. What Obama gives us is undisciplined, disorderly froth spilling over lofty-sounding, but essentially meaningless, New Age babble mixed with Orwellian doublespeak.
Stimulus doesn’t work…
Stimulus spending by the government doesn’t work. You don’t have to be an economics professor to understand de Rugy’s post, or the column she links to.
No recession in Australia…
Australia learned its lesson years ago. Will we?
Obama book burning…
Michael Ramirez scores a touchdown with this one.
And here’s one that’s related.
Things could be worse…
So says Enron economist Paul Krugman, having previously pined for a MUCH larger stimulus, sung the praises of China’s all-powerful government, and is now sighing that instead of following Japan’s model, “…we will take a hard right turn into economic disaster.”
But yes, things could still be worse for Japan. It could still be taking economic advice from Tim Geithner, who gave them the Lost Decade which is now stretching into two lost decades. As Treasury Secretary, Timmy is now in the process of giving America a lost half-century, being, like the rest of the Obama Administration, unable to distinguish between a ditch and a cliff.
Romer’s lament…
The departing adviser of His Oneness wishes she hadn’t used the 8% unemployment figure in her January report. I’m with Joseph Lawler on this one.
Confirmation of the failure of the economic policies is here.