President Obama has presided over a terrible jobs market. Unemployment is more than two-percentage points higher today than the White House claimed it would be if the so-called stimulus was enacted. Even more worrisome, the employment-population ratio seems to have…
Daily Analysis
Obamacare, Schadenfreude, and the Joy of Just Deserts*
I’ve periodically used “Schadenfreude” to describe my feelings about certain issues. Maybe this makes me a bad person, but I’ve openly admitted to a perverse sense of happiness at the misfortune of others when, for instance, France’s class-warfare tax policy backfired…
The Continuing…and Continuing…Obamacare Disaster
When I wrote a few days ago about the “Continuing Obamacare Disaster,” I didn’t realize I was understating the problems with the President’s boondoggle scheme. Now that the law’s been passed and implemented, the American people are finally finding out what’s in it…
Economic Growth Is the Best Way to Help the Poor, not Redistribution in Pursuit of Coerced Income Equality
Switzerland’s left-wing party has instigated a referendum for November 24 that asks voters to limit pay ranges so that a company wouldn’t be able to pay top employees more than 12 times what they’re paying their lowest-level employees. I talked with Neil Cavuto about…
The Rise (and Upcoming Fall) of the Welfare State in the Western World
I routinely (some would say repetitively) argue that the burden of government spending is a drag on the economy because labor and capital are being misallocated via the political process. My message is that we need to reduce the size of the public sector, even if we…
CF&P Joins Coalition Warning Against Reversing Sequester Cuts
Last week the Center for Freedom & Prosperity joined with the National Taxpayers Union and 17 other groups to warn Republican leaders against making the mistake of undoing the sequester cuts. The letter notes: The BCA established limits on discretionary spending…
The Continuing Obamacare Disaster
You know things are going poorly for the Obama White House when even the New York Times is writing about the “third world experience” of Obamacare. Heck, it’s almost gotten to the point where I feel sorry for the President. But I guess I must be a mean-spirited…
Taxpayers Will Lose the Battle of the Energy Cronies
Government mandates benefit the politically connected, not consumers.
The European Crisis (and American Future?) of Too Many Over-Compensated Bureaucrats
The only sustainable way of achieving more prosperity and higher living standards is to increase the quality and quantity of labor and capital in the economy. This may sound like boring econo-speak, but labor and capital are the two “factors of production” and our…
Obamanomics and the Vanishing American Worker
The Department of Labor has issued its monthly employment report and the item that will attract the most attention is that the unemployment rate marginally increased to 7.3 percent. That number is worthy of some attention, but I think it distracts attention from a far…