Philippines: First Step, Lower Taxes

There are a lot of developing countries in the world who are looking for an answer to their woes, our country being one of them. The biggest question out there is “How do we become a 1st world country?” A great first step for us would be; lower taxes. Lower it as much...

Why David Tepper Is Only Half Right

Billionaire David Tepper, one of the most successful hedge fund managers in the world, attracted much attention in a September 24th CNBC appearance by presenting such unrestrained optimism that even the normally buoyant network hosts were somewhat surprised. In a...

The Tea Party Movement

Take a step back and look what’s going on. Last year, Rick Santelli, a Chicago trader who does reports for CNBC did “The Rant Heard Round the World,” in which he said, among many good things: “I’m thinking of having a...

A Candid Appraisal of the Recovery

Over the last two weeks, seemingly good economic news offered some shreds of optimism to a stock market that was desperate for a pick-me-up. The week before last, the National Bureau of Economic Research declared that the US recession had ended back in June 2009....

Obama's Economic Ignorance

With 15 million workers unemployed and another 11 million underemployed, President Obama recently decided that the answer was to hit the road and throw some anti-rich red meat to some friendly stadium audiences. At a Labor Day rally in Milwaukee, Mr. Obama declared...

The “Deleveraging” Deception

There is wide agreement among economists and the financial media that our lackluster economic performance stems from continued “deleveraging” among consumers and businesses. Although it is certainly true that after decades of overly speculative borrowing,...

Castro and Obama

At least for a few moments last week, we had the strange spectacle of President Obama sounding more like a collectivist than Fidel Castro. With the federal payroll in the United States up by 200,000 positions and the private sector down by 7.8 million jobs since the...

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