I’ll start with an important caveat and state that Ford is far from a perfect company. It has its snout in the trough for boondoggles such as green energy programs. And it happily benefits from protectionist restrictions on foreign pickup trucks and SUVs. That having…
Daily Analysis
Happy Fiscal New Year (with an Unhappy Obama Hangover)
Today, October 1, is the first day of the 2012 fiscal year. And if you’re wondering why America’s economy seems to have a hangover (this cartoon is a perfect illustration), it’s because politicians had a huge party with our money in FY2011. We don’t have final numbers…
Obama Administration Bribing States to Create More Food-Stamp Dependency
Only the federal government could be this stupid. We have two very big problems in our nation. o First, we have a giant, bloated federal government that is spending too much money, putting us at serious risk of a Greek-style fiscal crisis at some point in the future….
The Tea Party Goes Global: The Revolt of the Greek Tax Slaves
The fiscal turmoil in Greece is not about fiscal balance. It’s a fight between looters and moochers such as Olga Stefou, who think taxpayers should endlessly subsidize everything, and the shrinking group of productive people who are pulling the wagon and keeping…
Europeans Mock Treasury Secretary Geithner, Showing Spend-aholics Shouldn’t Give Advice to Spend-aholics
Treasury Secretary Tim Geithner may be most famous in the United States for cheating on his taxes (you can even buy a t-shirt to acknowledge his tax dodging), but he’s becoming a punch line in the rest of the world for different reasons. I wrote two years ago about…
Thomas Sowell Exposes the Historical and Economic Illiteracy of the Political Class
Thomas Sowell just completed a three-part “Back to the Future” series, looking at a couple of fiscal policy issues. His unifying theme is how the political class fails (perhaps deliberately) to learn from mistakes. In Part I, he decimates President Obama’s new…
Obama and Geithner Advising the Europeans on Fiscal Crisis?!? This Is a Case of the Blind Leading the Blind…on Steroids
This is either frightening or hilarious. The people in Washington who are trying to make America more like Europe are advising the Europeans to double-down on the awful policies that have pushed the continent’s welfare states to insolvency. Here are some of the…
Mirror, Mirror, On the Wall, Which State Has the Biggest Welfare Benefits of All?
The Center for Budget and Policy Priorities is a left-wing group in Washington that advocates for bigger government and higher taxes. In an effort to promote more redistribution, they recently put together a map showing how welfare benefits varied by state. We’re…
If You Count the Seen and the Unseen, Obama’s Corrupt Green-Energy Program is a Job Destroyer
The President’s “green energy” loan program has turned into an embarrassment for the White House, in part because of the sordid corruption associated with the bankruptcy of Solyndra. But the subsidy program also has attracted some negative attention for its failure to…
Dramatic Increase in Poverty Rate: One Small Step for Obama, One Giant Step for the So-Called War on Poverty
The Census Bureau has just released the 2010 poverty numbers, and the new data is terrible. There are now a record number of poor people in America, and the poverty rate has jumped to 15.1 percent. But I don’t really blame President Obama for these grim numbers. Yes,…