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Tag Archives : Obama

When Obama Rejects Government Intervention and Says It Is Better to “Let the Market Work on Its Own,” You Need to Read the Fine Print

When Obama Rejects Government Intervention and Says It Is Better to “Let the Market Work on Its Own,” You Need to Read the Fine Print

Posted on March 15, 2012

Back in 2009, I got very excited when President Obama stated, “No business wants to invest in a place where the government skims 20 percent off the top.” Did that mean he wanted to reduce America’s punitive and anti-competitive corporate tax burden? Or maybe even fix the entire tax code and install a simple and […]

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The Big Debate for U.S. News: Have Obama’s Policies Helped or Hurt the Economy?

The Big Debate for U.S. News: Have Obama’s Policies Helped or Hurt the Economy?

Posted on March 14, 2012

n previous posts, I’ve used data from the Minneapolis Federal Reserve Bank to show how Obamanomics is leading to very weak results, particularly compared to the economic boom triggered by Reaganomics. So you can imagine how I was anxious to participate when U.S. News & World Report asked me to contribute my two cents to […]

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Thomas Sowell Wonders Why the Obama Administration Is Trying to Undermine Educational Opportunities for Black Children

Thomas Sowell Wonders Why the Obama Administration Is Trying to Undermine Educational Opportunities for Black Children

Posted on March 13, 2012

If you care about helping the less fortunate succeed, I’m commenting today on a Thomas Sowell column that will make you sad and angry. It is a story about how powerless and disadvantaged people are being hurt to advance the political interests of some elitists. Here is the clever way he starts the column. I […]

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To Boost Obama’s Redistribution Agenda, OECD Pushes Crazy Assertion that Poverty Is Higher in the U.S. than in Greece, Hungary, Portugal, and Turkey

To Boost Obama’s Redistribution Agenda, OECD Pushes Crazy Assertion that Poverty Is Higher in the U.S. than in Greece, Hungary, Portugal, and Turkey

Posted on February 28, 2012

Supporters of individual liberty and national sovereignty have been skeptical of the United Nations, and with good reason. With the support of statists such as George Soros, the U.N. pushes for crazy ideas such as global taxation and global currency. But there’s another international bureaucracy, also funded by American tax dollars, that is even more […]

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If Even the International Monetary Fund Acknowledges the Laffer Curve, Why Doesn’t Obama Realize that Higher Tax Rates are All Pain and No Gain?

If Even the International Monetary Fund Acknowledges the Laffer Curve, Why Doesn’t Obama Realize that Higher Tax Rates are All Pain and No Gain?

Posted on February 27, 2012

I speculated last year that the political elite finally might be realizing that higher tax rates are not the solution to Greece’s fiscal situation. Simply stated, you can only squeeze so much blood out of a stone, and pushing tax rates higher cripples growth and drives more people into the underground economy. Well, it turns […]

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Obama’s Corporate Tax Refom: Rearranging the Deck Chairs on the Titanic?

Obama’s Corporate Tax Refom: Rearranging the Deck Chairs on the Titanic?

Posted on February 23, 2012

American companies are hindered by what is arguably the world’s most punitive corporate tax system. The federal corporate rate is 35 percent, which climbs to more than 39 percent when you add state corporate taxes. Among developed nations, only Japan is in the same ballpark, and that country is hardly a role model of economic […]

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How Can Obama Look at these Two Charts and Conclude that America Should Have Higher Double Taxation of Dividends and Capital Gains?

How Can Obama Look at these Two Charts and Conclude that America Should Have Higher Double Taxation of Dividends and Capital Gains?

Posted on February 14, 2012

As discussed yesterday, the most important number in Obama’s budget is that the burden of government spending will be at least $2 trillion higher in 10 years if the President’s plan is enacted. But there are also some very unsightly warts in the revenue portion of the President’s budget. Americans for Tax Reform has a […]

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According to Obama’s Budget, Burden of Federal Spending Will Be $2 Trillion Higher in 10 Years

According to Obama’s Budget, Burden of Federal Spending Will Be $2 Trillion Higher in 10 Years

Posted on February 13, 2012

President Obama’s budget proposal was unveiled today, generating all sorts of conflicting statements from both parties. Some of the assertions wrongly focus on red ink rather than the size of government. Others rely on dishonest Washington budget math, which means spending increases magically become budget cuts simply because outlays are growing at a slower rate […]

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Classic Cartoon on So-Called Stimulus Is Amusing and Economically Accurate

Classic Cartoon on So-Called Stimulus Is Amusing and Economically Accurate

Posted on February 6, 2012

People often ask why I put so much political humor on this site. The easy answer is that I like a good joke. But I also find that some cartoons and jokes do a very good job of helping people understand economics. I’ve always liked this cartoon, for instance, because it cleverly illustrates the impact […]

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One Year Later, Another Look at Obamanomics vs. Reaganomics

One Year Later, Another Look at Obamanomics vs. Reaganomics

Posted on February 2, 2012

On this day last year, I posted two charts that I developed using the Minneapolis Federal Reserve Bank’s interactive website. Those two charts showed that the current recovery was very weak compared to the boom of the early 1980s. But perhaps that was an unfair comparison. Maybe the Reagan recovery started strong and then hit […]

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