This week I found interesting relationships between seemingly unrelated events.
As Senator Bunning tried to make his case that now is the time to start cleaning up the debt crisis, he was pilloried by Republicans, Democrats, and the press for being heartless to the unemployed. It was during these discussions I came to the conclusion that [...]
Up until Senator Bunning’s actions our legislators seemed to be acting more like the parents of an addicted child. Parents initially hope they can buy their way out of their child’s problem. Eventually they realize the compassionate solution is tough love. I suspect that Senator Bunning’s actions reflect this thinking and that there is probably [...]
Posted in Economy, Housing Issues on Feb 25th, 2010
To the average person the mounting debt being accumulated by the Federal Government is a clear and present danger. According to nationwide polls this is the second most important issue confronting voters. One of the biggest spending areas that appears out of control is the subsidies for the mortgage market. At present most of these [...]
Posted in Economy on Feb 9th, 2010
Like the movie Saving Private Ryan it is time for the Keynes economic ideas to go home. It is not that the ideas are necessarily wrong but as Allan Metzer argues in How Obama Got Keynes Wrong, the bPOR(Bush-Pelosi-Reid-Obama) administrations have used the name of Keynes to justify bad fiscal policies.
While the Obama team [...]
Posted in Economy on Jan 17th, 2010
There are two things that are apparent from these graphs.
When you compare this recession to the other recessions in the study, the drop in GDP matches the largest drop in recent history. The job loss is the largest in recent history. This leads me to conclude that based on the economy’s performance so far, the [...]
Wow! I could almost vote Republican after this exchange between Congressman Burgess and Treasury Secretary Geithner before the Joint Economic Committee. Since I work for a small business I would say Congressman Burgess is just touching the surface of the fear running rampant through small business owners. Surviving the next six months is scary enough. [...]
On this day, the Virginia Tech community reflects on the vibrant lives of the 32 students and faculty who were tragically taken from us a year ago. Through light, art, and music we pay tribute to each and every person we lost. We gather to honor our friends, colleagues, and family members. We will never forget.