Economy
One can’t help but see France as an example of the future several steps down a path toward which Rhode Island (and to some degree the United States) seems sometimes to threaten to take. This sentence captures the total absurdity of the mindset: More than 1 million people marched in France yesterday to demand that…
Ten percent unemployment and Forty Sixth worst business tax climate. Can there be a connection …? Embedded video from CNN Video
The other day, a coworker and I had a discussion — while we worked, of course — about the many ways the law seems intended to lash us to our employers, in turn providing them with a measure of protection from competition. If they go out on their own, carpenters in Rhode Island must register…
Isn’t this just wonderful? Obama Car Czars To Visit Detroit To Learn About Industry President Barack Obama’s chief auto advisers, Ronald Bloom and Steven Rattner, plan a one-day trip to Detroit next week to meet with executives at General Motors Corp. and Chrysler LLC, people familiar with the matter said… The trip follows two weeks…
UPDATED: Roger Kimball: I was having lunch yesterday with a prominent critic of the Spender in Chief, and he raised a possibility that many of us have entertained over the past several weeks: that Obama is simply out of his depth: that he hasn’t a clue about what makes the economy tick and his talk…
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…