Stabilize the Economy With Uncertainty?
Here’s what sucks the most about the suspension of the cash for clunkers program… The gov’ment spends time and resources to develop a program to help a struggling industry by giving away “free” money (bad enough). The companies in said industry spend time and resources to participate in the program on advertising and compliance. *Shock* [...]
What If Massive Spending IS The Answer?
Do you believe the New Deal prolonged the Great Depression? If so, this post may not be for you. You may want to prepare yourself for absolute terror and look at this. If you’re still reading, I’m going to assume you are freaked out by clowns, or you believe The New Deal helped the country [...]
$50B for Automakers Now?!?!
That’s what President-elect Obama is advocating; Yet to be determined is whether most of the money would be drawn from the $700 billion financial rescue package Congress passed last month or from newly allocated funds. I’m only an armchair pundit, but I think I can take a crack at this one with relative certainty. Â This [...]
Sure, You Say That Now…
Ron Paul on Fannie Mae and Freddie Mac: Despite the long-term damage to the economy inflicted by the government’s interference in the housing market, the government’s policy of diverting capital to other uses creates a short-term boom in housing. Like all artificially-created bubbles, the boom in housing prices cannot last forever. When housing prices fall, [...]
Gas Prices Aren’t Too High
That got your attention, huh? As evidence I submit my venture to Sundown in the City on Thursday. Sundown in the City is a series of outdoor concerts put on each summer in Market Square. There’s no charge for admission, and they draw insane crowds. I haven’t been to Sundown in the City in a [...]
You Wanna Know Why?
I’ll tell you why. Or I’ll let MonsterNoodle explain it: Keep on loaning to people that can’t afford it, for things that are not worth it. Enough said. Read the whole post.
What is a Recession?
“According to Hoyle“… Recession Two consecutive quarters of decline in real GDP is commonly taken to be a recession. The National Bureau of Economic Research, a private organization, effectively decides when recessions occur, however, and the actual dating process is determined by judgment rather than a formal rule. So which is it? Is there a [...]
Hillary Clinton and the Economy
I can’t believe she said this: “It’s time for a president who is ready on day one to be the commander in chief of our economy,” the New York senator said, reframing her leadership campaign theme. “Sometimes the phone rings at 3 a.m. in the White House, and it’s an economic crisis.” So what is [...]
Logical Conclusion of the Stimulus Package
Democrats and Republicans finally agree on something–giving people the power to spend their own money is good for the economy. It has to make you wonder–how good would the economy be if they’d just let us keep it in the first place? Of course, then we wouldn’t need them to take it, pass it around, [...]
About Yesterday…
Newscoma has an interesting post this morning about the three big stories yesterday–the economy, Thompson exiting the Presidential race, and Heath Ledger’s death–and how they were covered by the media. In rooting around the Internet yesterday, as I was a blogging fool for about five different websites, the most response I saw about all of the [...]
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