Obama Needs to Learn “Opportunity Cost”
President Barack Obama was recently called upon to defend his track record of predictions made while selling his “American Recovery and Reinvestment Act” (ARRA) “stimulus” package. ...
Economics
Obama Under-reports Interest on National Debt
The Congressional Budget Office (CBO) informed Rep. Paul Ryan, ranking Republican member of the House Budget Committee, that President Obama’s budget under-reported (and the CBO itself) the national debt in Obama’s...
Summers Speaks at CFR on Economic Policy
President Barack Obama’s director of the National Economic Council, Larry Summers, spoke at the Council on Foreign Relations on June 12. At the time of this writing, a video and a...
Global Tax on Air Travel Proposed
At a United Nations climate meeting in Bonn, Germany, world leaders proposed a levy on long-haul air travel as a way to raise money to supposedly help less developed countries adapt...
Obama Claims Recovery Plan will Create 600,000 Jobs
By some estimates, the U.S. has lost 6 million jobs during the current economic recession began in December 2007. Now, President Obama is planning to tap into the $787-billion stimulus package...
Dumping the Dollar for Global Currency
Will the Obama spend-a-rama finish off the dollar as the world's reserve currency? It well may, and sooner than most people think. Any day now we may wake up to headlines...
Obama, Healthcare Industry Promise $2 Trillion Savings
President Barack Obama, speaking from the White House's State Dining Room on May 11, hailed the healthcare industry's promise to cut $2 trillion in costs over 10 years as "a watershed...
Unemployment Smoke and Mirrors
You know the economy is in the tank when officials hail the loss of 539,000 non-farm jobs in the U.S. economy during the month of April as good news. President Barack...
Obama’s Budget: Waste and Giveaways
President Barack Obama revealed new details in his fiscal 2010 budget on May 7, with a statement saying: “We can no longer afford to spend as if deficits don't matter and...
Stop Inflation: Participate in “End the Fed”!
The hundreds of thousands of Americans who attended Tax Day Tea Parties on April 15 may now be asking themselves, "What's next?" After all, freedom from the unjust taxes of King...
Obama to Strengthen NAFTA Without New Negotiations
Speaking on April 20 in a conference call with reporters after returning from the Summit of the Americas, U.S. Trade Representative Ronald Kirk indicated that the administration has no plans to...
The Tax Day Tea Parties
On April 15, the deadline for U.S. taxpayers to mail their income tax returns, hundreds of thousands of Americans from coast to coast participated in around 2,000 nationally inspired but locally...
Creating “Wealth”: The Fed Shows No Reserve
When the Federal Reserve announced on March 19 its latest offensive against the financial crisis — to purchase more than $1 trillion in government debt ranging from mortgage-backed securities to long-term...
Obama’s Disastrous Deficits
According to a new report released by the Congressional Budget Office (CBO), the deficits to be generated over the next 10 years by the Obama administration's proposed budget will be much...
From Riches to Rags: Inflation & Poverty in Zimbabwe
Economists have long used 1920s Germany as the classic example of what can happen to a nation when monetary inflation gets out of control. So rapid was the inflation of the...