Stocks trimmed early losses and volume eased
Once again Red States Be Blue in Growth
U.S. Stocks Temper Global Markets
More Proof people are Running from Chicago as if Mrs O`Leary`s Cow Kicked a Lantern Over
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Breaking
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May 23, 2013
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Umbrella Policy: TheBlaze Knee-Drops Obama on Protocol
The Blaze is a favorite stop of mine every day or two. I think Glenn Beck has done a pretty good job in putting it together, and making the transition from a servant of corporate messaging to the master of his own message. Continue Reading
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The Pat Quinn Approach to Economic Growth: Blame the Victim
On March 27, 1984, the Maryland State Senate passed legislation giving the City of Baltimore the power to seize the Baltimore Colts football franchise through the city’s eminent domain powers. On March 29, 1984, the Baltimore Colts piled their belongings into Mayflower trailers and convoyed themselves to Indianapolis under the cover of darkness. Continue Reading
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Updated: Senate Sales Tax Vote Today
Update: 9PM,EDT 05/06/13: The vote held today in the Senate PASSED 70 to 24, with 6 not voting. Here is the breakdown of who voted, and how.
The Marketplace Fairness Act of 2013 is up for vote in the US Senate today. Typically, if someone purchases an item from a website that is outside the customer’s home state–and the seller does not have business operations in that state (called “nexus” in retailer parlance), the seller is not required to charge and collect sales tax on the purchase. Continue Reading
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Penny on the Dollar: Obama Nominates Pritzker at Commerce
The Obama White House tends to be a place where all common sense is reversed–like driving a car in England. This week, a fresh example of this was created, when the President named Penny Pritzker–part of the dynastic Chicago family of the same name–as his second-term nominee to be the 39th Commerce Secretary of the United States. Continue Reading
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Political Future Uncertain for Dr. Ben Carson
Dr. Ben Carson spoke to a capacity crowd of conservatives in Atlanta this week. His speech covered several points of interest to fans of both his surgical work, and his political leanings. He seemed to downplay enthusiastic talk about a Prwsidential bid in 2016, saying
Read More »“Recognize that I am a surgeon. And surgeons tend to do things based on empirical data. They tend to plan things and strategize, as opposed to flying by the seat of their pants,” Carson said in a Journal-Constitution interview prior to his speech. “But I’m doing it more to try to create an atmosphere of open discussion than I’m trying to create a platform for myself.
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Admission of SSDI Failures
In March, the Congressional Budget Office (CBO) testified before the House Committee on Ways and Means on the dismal the state of our Social Security Disability Insurance (DI) program run by the Social Security Administration (SSA). For those unfamiliar, SSDI is an insurance program that provides a monthly income for people who cannot work due to illness or injury.
During this hearing the CBO stated that between fiscal years 1970 and 2012, DI expenditures on benefits (adjusted for inflation) rose more than ninefold. The CBO also went on to testify that when the SSA found issues of fraud, the cost of resolving the matter was often more costly than the fraud originally. Continue Reading
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Fed Hitches Wagon to Thresholds
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In this week’s FOMC meeting, the Federal Reserve announced a replacement for Operation Twist which, essentially, ushers in a fresh round of Quantitative Easing (QE). The other announcement was that future decisions on interest rates would be tied to two economic indicators that have historically shown to be highly prone to manipulation and politicization–unemployment and the rate of inflation. -
SCORECARD: WHO HAS THE MOST CAPITALIST CRED IN THE 113th CONGRESS?
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SCORECARD: WHO HAS THE MOST CAPITALIST CRED IN THE 113th CONGRESS? Continue Reading -
Republican Math: $1 In Cuts For Every $41 In Tax Increases
At 2AM on New Year’s Eve, capitalism was delivered a tremendous blow by our enlightened oligarchy.In what only can be described as an assault on capitalism and liberty, our so-called Representatives decided to cut spending, or as we prefer to call it, “misappropriation of our tax funds,” by a ridiculously-small amount. At the same time, their final-hour Hail Mary proposal will confiscate more of our earnings and estate wealth through “percentage increases” North of 11%. That’s right…for those who don’t understand this “magic math,” we will not see a 3.9 percentage-point increase as “almost-four-percent,” we will experience it, in reality, as an 11% increase. (If you received your diploma after 1989, you may want to Google “percentage increases”). Continue Reading
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