The old saying that “two wrongs don’t make a right” is especially true in the field of public policy. A good example is the crazy new proposal from the United Nations to collect billions of dollars by imposing global taxes on financial transactions and energy. That’s bad enough, but the international bureaucracy wants to impose […]

One of the points made most frequently on this blog is that Obama’s big spending policies are essentially just an extension and elaboration on those from the Bush years.  That is also the argument of this new video from Reason.tv:

I commented on the Obama Administration’s TARP dishonesty yesterday, which made me feel better, but it was even more cathartic to vent on national TV about the corruption, dishonesty, and economic damage associated with the Wall Street bailout.

I’m not serious , of course, but it is rather ironic that Raul Castro is cutting the tax burden on small business at the same time that Obama is pushing for higher tax rates on small business. Reuters reports on the latest in supply-side communism. Cuba unveiled on Friday a new tax code it said […]

Gallup just released a poll showing that 46 percent of Americans view the federal government as an immediate threat to the rights and freedoms of ordinary Americans. My first reaction was to wonder why the number was so low. After all, we have a political elite that wants to do everything from control our health […]

I recently posted data showing how companies are sitting on lots of cash, presumably in part because the business climate is not conducive to investment and job creation. I also showed a cartoon that makes the same point in an amusing – yet insightful – manner. Now let’s look at data from the Federal Reserve, […]

There certainly are logical reasons to think that Obama’s policies are dampening economic growth. Investors and entrepreneurs have little reason to produce and take risks, after all, when they know the burden of government is going to climb. Especially when you add uncertainty to the mix. Here’s a chart showing Federal Reserve data on the […]

Here’s a chart from Veronique de Rugy’s new article in The American. Amazing how the problem becomes obvious when you look at real numbers and don’t get trapped into using “baseline” math (as I explain in my latest video).

The new unemployment data has been released and it’s not a pretty picture. Literally and figuratively. This image is all we need to know about the success of President Obama’s big-government policies. The lower line is from a White House report in early 2009 and it shows the level of unemployment the Administration said we […]

In a previous post, I commented on a Wall Street Journal column by former Senator Phil Gramm, calling attention to evidence that the economy is under-performing compared to what happened after previous recessions. This is an important issue, particularly when you compare the economy’s tepid performance today with the strong recovery following the implementation of […]