Tag Archives: government meddling
The Economic Shredding Machine
Like the U.S. Treasury, President Obama’s recent jobs proposal is bankrupt. Quite frankly, we weren’t counting on much. But that doesn’t mean we still weren’t disappointed by its burdensome emptiness. The most remarkable thing about the President’s latest jobs creation … Continue reading
The Revolt Against Absurdity
Credit default swaps insuring Greek debt rose in price yesterday to cover a 98 percent chance there will be a Greek default in the next five years. But perhaps it will happen sooner. Greece is playing games with its austerity … Continue reading
Clever Ideas to Fix the Economy
Yesterday’s stock market didn’t seem to give a darn but last Friday a notable revision was made. An important economic mile marker was shifted down and to the right…realigning the economy onto the road to recession. According to the Commerce … Continue reading
On Driving the Economy into a Brick Wall
Last Friday the University of Michigan reported a consumer sentiment measurement of 54.9 for August…down from 63.7 in July. It has been quite a while since consumers have been so in the dumps. In fact, consumer disposition has not been … Continue reading
