Gingrich: invest in shares of ramen noodles, Dollar Store

Former House Speaker Newt Gingrich said today that the U.S. economic downturn is much worse than political leaders admit and predicted the recovery will take three to five years.
The financial meltdown points to “a much more profound problem than people think” as American industries and education have lost ground to China and India, [...]

Read Full Post »

Paul on the package.

Money quote:
There is a lot of stimulus and growth in this bill – that is, of government. Nothing in this bill stimulates the freedom and prosperity of the American people. Politician-directed spending is never as successful as market-driven investment. Instead of passing this bill, Congress should get out of the way by cutting taxes, cutting [...]

Read Full Post »

Cantor to Democrats: “Sacrifice? You first.”

Wednesday, a group of House Republicans will argue that Obama’s Hill colleagues haven’t embraced his vision of shared sacrifice, arguing that Democratic leaders cut the GOP out of negotiations over the new administration’s first big bill.
Some members of the group, organized by Minority Whip Eric Cantor of Virginia and Rep. Dave Camp of Michigan, the [...]

Read Full Post »

RTFA

This article:
The purchase of a piece of property in America, a single-family house, a PUD (planned unit development) or a condo (flat within a condominium) will guarantee you and your family a green card. This is one of the extreme measures implemented to help stall the meteoric fall of the United States economy in light [...]

Read Full Post »

Lingle rolls the dice

Considering that the subject of this dispatch is government funding by way of casino tax revenue, that joke was so bad it almost doesn’t read as a joke. Sorry. It’s early yet. But let’s move along:
The Governor of Hawaii is considering bringing gambling to the state, one of only two in the [...]

Read Full Post »

Gingrich on Bush

Let’s be frank, here. The elephant in the room, at least this room, is the historically unpopular sitting GOP president. (“Sitting” for a few more hours, at least. And the present correspondent is more than ready to hear about a Democrat president for a while, in whatever light, favorable or otherwise.)
I’ve always [...]

Read Full Post »

Viva la Capitalisme!

Opinions that come from the French don’t hold much water in the USA these days, but French media consultant Philippe Ratelle has this (and more) to offer:
American investors should ask, ‘What is all this fiscal stimulus protecting? Is it, like Sweden, protecting its large socialist state? No. Is it then protecting the life of France? [...]

Read Full Post »

The fallacy of the “broken Broken Windows Fallacy”

I’ll say this once.  Hopefully. Building a sports stadium with tax dollars is not an effective or acceptable economic stimulus package.
Taxation takes money out of the private sector and transfers it to the public sector.  Re-transferring that same sum back to the private sector is not “economic stimulus,” it’s simply restoring the original balance sheets.  Owners of football [...]

Read Full Post »

On the GOP chief executives

As this Newsweek piece reminds us, there are still 21 of them. I’m really not in the mood to talk about Bobby Jindal right now, since for the first time in my life a key figure in the Republican Party is younger than me, and I’m still stinging from the blow. (They don’t [...]

Read Full Post »

The strange case of Romney v. Romney

Does anyone else find Mitt Romney’s various positions on economic recovery plans self-contradictory?
This is surely the time for economic stimulus. But — and this is the crucial point — the government can’t just make itself bigger and more oppressive in the guise of stimulating the economy. That would make matters worse. Nor should we forget [...]

Read Full Post »