Obama and FDR
In March 1933, when the Great Depression had driven the U.S. economy to rock bottom, the unemployment rate stood at 25 percent. One out of every four Americans who had had a job in 1929 was queuing in...
View ArticleThe Costs of the Federal Bailouts
Ever since the bursting of the real estate bubble became evident at the end of 2007, Washington has been on a spending spree to avert events that, in its collective judgment, threatened the stability...
View ArticleDo We Need Another Stimulus? Tax-and-spend Has Never Worked
During the Great Depression, economist John Maynard Keynes recommended increasing federal government spending, financed by borrowing, to boost the U.S. economy. It didn’t matter how the new money was...
View ArticleRaising Taxes Is No Way to Spur Economy
It’s September, and election season is under way. Marching to the tune of President Obama’s class-based political rhetoric, some candidates for Congress are campaigning on promises to raise taxes...
View ArticleState of California to Sell 24 Government Buildings for $2.3 Billion
News item: “California to Sell 24 Government Buildings for $2.3 Billion” (AP, October 12, 2010). As a way of helping plug the State of California’s now-chronic budget deficit, this headline is welcome...
View ArticlePublic Broadcasting Subsidy: Unnecessary and Irrational
According to a Poll Position survey conducted in late October, 45 percent of Americans said “No” when asked whether the U.S. government should stop helping to fund NPR; 39 percent said “Yes.” Only...
View Article
More Pages to Explore .....