Category Archives: Economy

Bailouts or Bankruptcy – How Can America Help Financially Troubled States?

In an important op-ed piece in The Wall Street Journal this week, University of Pennsylvania Law Professor David Skeel takes on the issue of financially troubled states such as California, New York, and Illinois.  California, for example, faces a potential state budget deficit of $20 Billion in the next 18 months, along with state pension funds whose underfunding exceeds $500 Billion.  What can we do [...]
Also posted in Bankruptcy Laws, Big Government, Choosing the Good Life | Comments closed

Big Government Employee Unions vs. Taxpayers – What's the Correct Balance?

In The Wall Street Journal this week, the Governor of Minnesota, Tim Pawlenty writes an important article on government employee unions vs. the taxpayers that views the issue from a moral perspective.  He also offers some principles on how to balance the needs of unions and taxpayers.  Let’s talk more about this now … As Governor Pawlenty [...]
Also posted in America's Future, Big Government, Choosing the Good Life, Welfare State Socialism | Comments closed

Taxes, Economic Growth, and the Outlook for 2011

Taxes are in the news again this week.  Articles abound and the media is filled with story after story on whether or not the proposed changes in tax policies being debated will take place and will they stimulate economic growth.  The extension of the Bush tax cuts, income tax rates, estate taxes, a payroll tax holiday, even an [...]
Also posted in Economic Growth, Job Creation, Jobs, News, Taxes | Comments closed

Will Apparel Prices Jump 20% – 30% in 2011? What's the Outlook?

An Investor’s Business Daily article this week suggests we might see apparel prices soaring up to 30% higher in 2011.  Are clothing prices going to skyrocket?  What’s behind the potential inflation in the apparel industry?  Let’s talk about it more now … Unfortunately, it’s true.  Clothing prices will likely jump in 2011 after over 20 years of [...]
Also posted in Apparel Industry, Inflation | Comments closed

What's the Real Significance of this Election to the American Economy?

If the pundits and commentators are correct, today’s election will be historic in scope.  Most think the House will change hands and some believe the Senate might change as well.  Simply changing party control, however, is not the complete reason for its being a historic election.  It’s the extent of turnover of seats in both the House and Senate.  Most importantly, [...]
Also posted in America's Future, Big Government, Economic Freedom, Economic Growth, Health Care System, Jobs, Limited Government, Taxes, Uncategorized | Comments closed

Will Americans Choose Economic Growth and Prosperity – Or Economic Decline and Poverty?

Today, America is at an extremely critical juncture in our history.  We are a prosperous nation on the brink of economic decline.  We are currently in the midst of an exceptionally weak recovery, following the worst recession since the Great Depression in the 1930’s.  America is following a set of high tax and reckless spending policies that are creating astoundingly-high [...]
Also posted in America's Future, Choosing the Good Life, Depression, Economic Growth, Great Recession, Inflation, Interest Rates, Jobs, Taxes, Unemployment | Comments closed

Are We Heading into Another Great Recession in 2011?

Donald L. Luskin presents powerful evidence in The Wall Street Journal this week that the current stock market is tracking very closely to the stock market in the 1930’s.  Of particular concern are two critical economic policies that might help trigger another Great Recession in 2011.  Remember, the National Bureau of Economic Research announced a month [...]
Also posted in America's Future, Choosing the Good Life, Double-Dip Recession, Free Trade, Great Recession, Taxes | Comments closed

Are Americans Feeling Max-ed Out on Taxes?

According to a story in The Wall Street Journal this week, 29 states raised taxes a total of $24B in fiscal 2010.  These tax increases are in addition to various pending 2011 tax increases, such as the tax increases resulting if the Bush tax rate cuts are allowed to expire.  Taxes have already increased on personal income, sales, and [...]
Also posted in Taxes | Comments closed

Is This a Job-Less Recovery or a Job-Loss Recovery?

Special Blog Posting In a powerful editorial this week, Investor’s Business Daily talks about our current anemic recovery with high unemployment.  They point out that today’s unemployment rate of 9.6% is actually higher that when the recession ended in June 2009, a date that the National Bureau of Economic Research just announced this week.  Then, it was [...]
Also posted in America's Future, Jobs, Unemployment | Comments closed

Is the Great Recession Over? Will the 2nd Great Recession Start in 2011?

The Wall Street Journal reported this week that the National Bureau of Economic Research (NBER) has officially announced that the recession was over in June 2009 (more than a year ago).  This is the group that attempts to accurately determine when recessions begin and end.  According to The Wall Street Journal, NBER also stated that [...]
Also posted in Double-Dip Recession, Great Recession | Comments closed