Economy
Michael Boskin: Obama’s Radicalism Is Killing the Dow – A financial crisis is the worst time to change the foundations of American capitalism: It’s hard not to see the continued sell-off on Wall Street and the growing fear on Main Street as a product, at least in part, of the realization that our new president’s…
Christopher Buckley. David Brooks. Even David Gergen. Jim Cramer. Now Silicon Valley entrepreneurs see their incentives are being altered for the worse: Like the college students who stayed up late to be inspired by his campaign rallies only to find Obama’s first significant action to be a stimulus program that will transfer about a trillion…
The key point from the original post: Incentives matter deeply and drive human behavior. It is a lesson statists and socialists never learn. You want real world examples? Read this. My two favorite ones: First: I have a few thoughts concerning your Corner post titled Bracketology. My wife and I are both Pediatricians. We own…
So when President Obama says that…Profit and earning ratios are starting to get to the point where buying stocks is a potentially good deal…if you’ve got a long-term perspective on it.…isn’t he basically saying that…The fundamentals of our economy are strong.Those who were critical of the attitude expressed in the second statement should feel free…
The conventional wisdom is that Obama, with strong majorities in both houses of Congress, will get every legislative initiative he wants. And from a sheer vote counting viewpoint, that would certainly be true. But could the countervailing force not be the oft-spineless Republicans with their limited votes in Congress? Could the real counter come from…
Obama’s budget proposal presents plans which run radically counter to the proper role of government if America is to remain a free society: …The widespread use of the market reduces the strain on the social fabric by rendering conformity unnecessary with respect to any activities it encompasses. The wider the range of activities covered by…
Commentators on the evolving Obama presidency: Charles Krauthammer: Obama proposes a European U.S. Not a great speech, but extremely consequential. If Barack Obama succeeds, his joint address to Congress will be seen as historic — indeed as the foundational document of Obamaism. As it stands, it constitutes the boldest social democratic manifesto ever issued by…
So that two-trillion-dollar deficit? Turns out it might be the optimistic scenario: The administration insists it isn’t so, but some private economists are wondering if the Obama administration has brought “Rosy Scenario” back to town. In unveiling his budget, President Barack Obama pledged to bring “honesty and fairness” back to the budget process by getting…
Dick Morris is hit or miss, and I can’t say I’m sure which it is with this column: In addressing this panic, the president of the United States must truly be the leader of the world — showing the way back to confidence. Instead, Obama has been instrumental in purveying fear and spreading doubt. It…
From Bloomberg via Drudge: Treasuries fell for a third day as the government sold $22 billion of seven-year notes in the last of three auctions this week as it issues an unprecedented amount of debt to spur the U.S. economy. Secretary of State Clinton’s plea that the Chinese government continue to purchase US paper now…